pulte home gave out some reports and reporting their numbers as well.mes said they will be acquiring more land to build on in 2014. so you are seeing that they are reporting average selling price that is are higher. let's take a look also at how the major market averages are doing. we know there has been a lot of red. there is still red. the dow down 117 points but certainly up off the earlier lows for the day. concerns about emerging market and earnings and the like. back to you. lori: nicole, thanks for that. stocks are selling off as you just heard. in reaction bonds are rallying. yields on the 10-year down to 12-week lowdown to 2.66% as investors snap up perceived security of u.s. government debt. interesting to note here the fed's taper is benefiting treasurys at the long end as investors pull out, especially of long end of emerging market trades. there is the 10-year. swings are not just confined to the equity markets, gold is in negative territory. fox's phil flynn from the price futures group is at the pits of the cme. >> even though gold is dow

but pulte is exploring the ability to buy that property working with the neighbors and businesses. >> it's been terrifying. we have a lot of people in their 80s and 90s who are poverty level. if this closes they have nowhere to go. >> this is very upsetting. >> reporter: mary ianne says sh wants those younger than her to remember that they, too, will one day be in her shoes. >> look at your parents, look at your grandparents. we're not throw away people. and you don't want to become a throw away person. >> now city leaders acknowledge a lack of affordable housing in san jose. the housing authority of santa clara county had 22,000 people on the waiting list just last year. now councilman sam lacardo says that it will protect the mobile homes in the city limits and make sure that home people of all back grounds are able to live in san jose. >>> let's get a check of the forecast with rob mayeda. he has the microclimate forecast. we hope that the weather will be changing. >> we could see a chance of showers. but meantime dry conditions outside. san francisco not much wind. you can see the

pulte and kb home with up arrows. beazer homes, d.r. horton, hovnanian all selling off.n 2%. there are several pieces of news the first is pending home sales which came in and actually showed a drop. sales fell to 8.7% last month. poor weather, higher prices. this is not the greatest season for a selling homes. but you also got in two pieces of news as far as earnings. pulte group and beazer homes came in with their numbers. beazer homes, their loss narrowed. they did have higher revenue and pulte said it would step up spending in 2014 on land and the like, even though orders have fallen off a bit. but you could see that it is up .9% at 19.61. back to you. ashley: that was a great year by the way. just saying. not telling you why but it was a great year. tracy: oh, man. all right, are you ready to play the hiring game? anyone remember the crying game? i do. ashley: yeah. tracy: demonstrating your skills on videogame at your knocks job interview. thank god i have a job now because i would not pass the test. we're watching on the screen. it is a quirky game but we have ceo

. >> under armour and pulte homes and northrop grumman rose with under armour up 23%. 3m fell as did colgate and eli lilly. >>> we begin the market focus with strong earnings out of viacom, cost cutting made up for a big decline in movie revenue. it expects to add revenue to improve this quarter and that sent shares up to $84.01. time warner cable saw a rise. the revenue from its business services and residential high speed data kept those results afloat despite a drop in overall subscribers. the company rebuffed now three takeover offers from the smaller rival charter communications but the ceo says they haven't completely ruled out the possibility of a buyout. >> what was important to us was to make clear we weren't just saying no. we were saying the offer, the charter made under valued its company but there was a price at which we would transact that maximized value for share how olders. >> shares up to $124.30. the biggest distill drinks company says slow growth in emerging markets is taking a toll on liquor sales. johnny walker and smirnoff saw sales rise 2%, only half of what a

. >> and i am trying to pult it on the next report and which is going to include how we are going to save this house. one report that i am hearing is that the emergency demo will be performed and another one working on trying to salvage and save the house and the house came down the hill here and i am really as a builder and developer somebody has been around this and i am curious as to how you are going to save this and who is doing that analysis, as far as... >> commissioner, first of all, like i mentioned, i want them to come up with the report and what is the cost, and what is the next action they need to do and then we will be in parallel and peer review by our committee from the peer reviewer immediate reviewed and also our staff and review it also. and for this, case, i cannot just go in and see the emergency, and they have the life safety concerned and by looking at that site, you know, right now is not you know, further... and i say to have the emergency shoring and maybe they will have the emergency and they can come up with the report and there is no choice and i don't wan

the stock, and the downside the lead the r horton down 1-1/4%, leonard, pulte, you get those here, allese stocks the down 1%, 2%, they look at the group overall, here is a longer-term chart of pulte group, when you look at it, very telling. over 52 weeks most of these stocks up 1%, 2%, the peak for these guys was may, june of last summer. that is why you see the peak and the drop-off, most of them look exactly like that. since then they haven't done so much. connell: the markets are up today, 50. the global market check with the european markets up sharply for the day of the weekend if you look at those markets, put the 100 by 0.1% and cac 40 in paris and the german dax at the bottom of the screen up today by 1/1%. google, this is tomorrow's business today, developing smart contact lenses specifically designed to help diabetic so lenses will monitor glucose levels and allow diabetics to skip the fingerprint blood tests they have to do and the earth in antennas on those, flexible sense is between two thin layers of the top lens, monitor the glucose levels, through the user's tears. the

. >> pulte. >> they are saying buy it.wn that's great for pulte another place not to panic. >> chevron was no good. >> it was bad. and it drives me crazy because chevron should not be missing this badly pulling down the whole group. >> raytheon. >> raytheon reported one of the fabulous quarters and people keep buying it and buying it and buying it and we're upgrading. >> citrix. >> yes. i bring this out because the social, mobile cloud, this was the weakest cloud and someone upgrades it jpmorgan but the cloud is another great place to be. >> and manitowac. >> and i've been saying the company ought to split up. this is food service company, it's real america, guys, but they have cranes in asia. this is the market. this is the market. don't panic if it's finally getting their numbers together. >> you say of all the keys to the market one might be gileagi. >> they have the hep-c drugs and it's been the bellwether biotech name if this bounces and is up you got to be careful if you're short. >> all right, on that note let's sen

comentando que la ironÍa que a pesar de los momentos difÍciles que han pasado, cuando ocurre, se comienza a pultna en otra cita de impacto. bu la policÍa de san josÉ se une de lleno a la investigaciones para dar con el sospechoso de cometer incendio s. >> el primero homicidio del aÑo, padre de familia y su hijo cuenta con tableta electrÓnica, ponte podrÍa recibir un jugos reembolso, noticia univisiÓn comienza ya. >> hora de noticia univisiÓn 14 a la 6. >> quÉ tal muy buenas tardes soy leÓn felipe gonzÁlez bienvenido. >> las autoridades en san francisco estÁn investigando la procedencia de un objeto bien sospechoso vamos con mÁs detalles beatriz. >> asÍ es muy buenas tardes bueno pues la explosiÓn causo una tremenda conmociÓn aquÍ en san francisco la policÍa inforÓo que aquÍ podemos ver las daÑos atrÁs mÍo que el objetivo explotÓ cuando estaban tratando de ponerlos en una situaciÓn segura sin embargo, la detonaciÓn se produjo y los daÑos son evidentes. >> la bÚsqueda de pistas que ayuden a resolver el ministerio

. >> reporter: the police reporops never return our call but pulte will work closely with local neighborsses. >> it has been terrifying. we have a lot of people in their 80s and 90s who are, i'm going to say poverty level, if this closes they have nowhere to go. >> this is very upsetting. >> reporter: mary ann said it feels like her golden years are slipping away. she wants those younger than her looking to build and buy in san jose to remember that they too will one day be in her shoes. >> look at your parents, look at your grand parents, i mean we are not throw-away people and you don't want to become a throw-away person. >> reporter: stephanie strong, nbc bay area news. >>> coming up, life advice from a man who has seen the best and worst of san francisco history. hear from one of the survivors of the 1906 earthquake who lives through it 108 years ago. >>> and the price of a stamp is going up. what you need to put on it if you don't want it to return to sender. >> not again. and the fog will be with us through the morning and we'll talk about what is coming up for your week and your fo

no wonder the other home builders including pulte went higher. this jobs number is a home builder's dream come true. such as the way of wall street that there are always some stocks that weed in any bond scenario. these kinds of signs make me cautious for other portions of the market. and i've been abject to the notion that a slower economy coupled with the down tick in chinese growth could cause a recalibration away from the more industrial related stocks i've liked to much. only the fact that the transports a key index from me hit an all-time high today, keeps us from growing more cautious about cyclical exposure. you know what other stocks go up traditionally in a slowdown squall like we had today? the biotechs. how fitting that most influential biotech conference starts on this week. okay. we've got the jpm health care conference. this is a mover in san francisco. this is the best of the best, they're going to strut their stuff. now, the big bio techs have stalled of late. the big biotechs not going up, not going down. but the empirical data

no wonder the other home builders including pulte went higher. this jobs number is a home builder's dream come true. there are always some stocks that weed in any bond scenario. these kinds of signs make me cautious for other portions of the market. and i've been abject to the notion that a slower economy coupled with the down tick in chinese growth could cause a recalibration away from the more industrial related stocks i've liked to much. only the fact that the transports a key index from me hit an all-time high today, keeps us from growing more cautious about cyclical exposure. you know what other stocks go up traditionally in a slowdown squall like we had today? the biotechs. how fitting that most influential biotech conference starts on this week. we've got the jpm health care conference. this is a mover in san francisco. this is the best of the best, they're going to strut their stuff. they have stalled as of late. the big biotechs not going up, not going down. but the empirical data i've seen shows conclusively that these biotechs tend to

but developer pulte confirms it's exploring the possibility of buying the property adding in a statementwould work closely with local neighbors and businesses. >> it's been terrifying. we have a lot of people who are in their 80s and 90s who are -- i'm going to say poverty level. if this closes they've got nowhere to go. >> this is very upsetting. >> reporter: mary ann says it feels like her golden years are slipping away. she wants those younger than her now looking to build and buy in san jose to remember that they, too, will one day be in her shoes. >> look at your parents. look at your grandparents. i mean, we're not throw away people. and you don't want to become a throw away person. >> reporter: stephanie truong, nbc, bay area news. >>> there is no mystery right now what the story is on your weather front. rain. we need it. is there any hope for relief from our drought? let's check in with anthony slaughter with a look at your weekend forecast. >> we are going to see some showers in that forecast. you can always find that seven day. scroll to the bottom of your screen. find by thur

lennar, kb home, pulte. home affordability becomes that much better.ic chu. last hour he broke down a brick wall. find out what he's breaking down this hour. santelli returns in moments. >>> and even though it's the middle of winter it is peak booking season for the cruise industry. our own simon hobbs is getting an inside look at the state of the cruise business live aboard a royal caribbean cruise ship in ft. lauderdale, florida. ahoy, simon. >> 78 degrees. let me tell you, i a head on the program, you know, this is an industry that really has changed a lot over the last 12 months. has reponded to the crises. we're going to highlight with that a remarkable honest interview with a ceo of royal caribbean international. that's next, live from florida on "squawk on the street." 06 35t the old dining table at 25th and hoffman. ...and the little room above the strip mall off roble avenue. ♪ this magic moment it is the story of where every great idea begins. and of those who believed they had the power to do more. dell is honored to be part of some of the w

when they try to buy it, which would be a good deal for the pulte national, they refuse to sell it for class reasons. they have class interests. they do not want to see the spread of popular democratic organizations for perfectly obvious reasons. this just happened -- i'll come back to youngstown in a minute. but it just happened a couple years ago right here in talk ta. it was a small, but quite successful manufacturing plant that made specialized parts for aircraft, doing pretty well. but the multi-national didn't want to bother with it, so they were going to close it down. the union, ue in this case can, tried to buy it. multi-nationals usually refuse to sell it, and there wasn't enough support, popular support to push it through. if there had been an occupy movement at that time, real, i think that's something they might have pushed through. actually on a much larger scale a couple of years ago obama virtually nationalized the auto industry. not entirely, but virtually. there were a couple of option toes. one option was to -- optionings. one option was to restructure it, use taxpay

in the meantime pulte and horton are saying the right things.l the way back down and i see a lot of negative chatter about housing, i don't buy into it. i like the home builders themselves. i wonder if home depot will have a better-than-expected quarter and the stock is horrendous. >> not pointing out what the rates have done it will take you back to the levels where the ten year started to pop. >> the bears will say, you don't know anything about housing. okay, 99. i read the releases. i listen to conference calls. they're positive. >> what concerns you, then, at this point? you said yesterday we could be on the precipice of a 6% decline. >> china concerns me because you -- there's a lot of companies that issued outlooks for china. let's take dave cody last night ceo of honeywell. dow's down 5% from the top. down five. but you see the ceo, and listen, things are slightly better in the economy. china you had double digit gains and thinks it's going to be really good. but china is, you take a look at deagio and you look at him and i like brown fo

that is weighing on other names like pulte group and ryland.ave up arrows you about the first two set the bar pretty high. back to you. ashley: nicole, thank you very much. apple down right around 8% now after the company reporting disappointing earnings based on a poor iphone sales outlook. joining us two of the best apple analysts in the business tom forte, telsey advisory group managing director. gene munster, managing director of piper jaffray. gene, let me begin with you. the word i hear the most is disappointing. what worried you most about this latest report? >> biggest concern about the u.s. iphone number. unit growth number. they didn't break that out. you can back into it. it looks like it was down 5% year-over-year. so kind of an ironhorse market down 5%. they gave reasons what accounted for that. to us that was the most concerning point. tracy: tom, latin america up 57%. eastern and central europe, up over 115%. tim cook in the conference call said china is water shed moment. that all offset what happened here in the states at all?

i read a lod theremented it the sultd pult awe plgsmented i haven't read it yet.es they go to obscure bookstores and ask the sellers to ep up the books in the back. maybe there other nuggets, but we haven't seen him yet and i'm curious about the rest. gabriel did fact check and he spent 2,000 and he spent more than 2,000 hours get betting the man script and declined every request to discuss the reporting with me. this is a he said she said. the fact is fox news was never going to cooperate with the book. gabriel had to go around the edges talking to colleagues and executives and employees and all those people instead. >> you can't wait to get your hands on this thing. we will talk before you do. thank you very much. coming up next, a california pastor wanted to see what made nonbelievers tick. so as an experiment, the pastor who is christian decided to live for the next 12 months as an atheist. within days, he lot of not just one, but two teaching jobs at christian schools. what prompted him to make such a drastic decision? he joins me live. we will ask him after

lennar pulte, d.r.e catching a bid today being helped along by a drop in interest rates. there are some bright spots. maybe some of the reason that we aren't at session lows but still a very interesting market for this last day of january overall, kelly. >> all right. we'll see if february changes the picture with the janet yellen sitting in at the fed. thank you, dom. we've got about 13 minutes to go before the close, and markets are heading a little lower again. the dow is off almost 150 points. down 147, in fact. the s&p 500 sitting at about 1782. how are you playing the market? tweet us your answer to our question of the day. are you ready to buy on this dip? maybe you already did. your best tweets @cnbcclosingbell coming up in a bit. in today's market, a lot can happen in a second. with fidelity's guaranteed one-second trade execution we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your tra

. >>> pulte group was helped by higher selling prices for its home, that stock is up close to 5%. >>>g estimates by 6 cents. it had especially strong sales of its fleece apparel as well as cold gear infrared line. that's up 9.7% this morning, $93.49. >> checking out one of the dow components we've been waiting for, 3m, which just moments ago reported $1.62 a share. that at this point, i can't tell what that's going to do to the share price. they haven't responded yet. hopefully the machine at this point doesn't have the actual for the fourth quarter. >> it's in line at 1.62 you said. >> 1.62 is in line exactly with expectations. and then -- i don't have a 2014 estimate but they do see 7.30 to 7.55. and the sales in the current quarter, 7.57, going in, which looks like it's a couple hundred million shy, it looks like 7.7 is what people were looking for as far as the sales numbers. that's not a couple hundred but it looks a little bit shy, 7.57 versus 7.7 is what is expected. 3m, is it a tv company now? >> they make everything. >> remember when we had the ceo on, he showed us the sponge

that's leading to strength from the vulcans, pultes and so forth. >> well for the housing market. >> >> yeah. >> for the time being if you're just joining us this morning, here's what you missed. >>> welcome to "squawk on the street." here's what's happened so far. >> emerging market economies maybe account for 10%. s&p 500 earnings. if you throw in china, maybe close to 15%. it's not inissue that they can dramatically affect the big picture. >> came out of 201 wi3 with a se of euphoria. the emerging markets and what's going on in emerging markets right now. let's pull back a little bit. >> what they're saying is, you know, we don't care about your expectations, analysts. we're doing this for the average person who owns the stock of apple. the average person who owns the stock of apple just totally takes their queue from how the stock is doing, which is horribly. the absolute wrangling, the shut down of the government was horrendous for our economy. which do we blame, obamacare for durable goods, do we blame weather, do we blame the cutoff in unemployment benefits? one thing we can't