steve stanley, 200,000 tomorrow.venture if that number is right, i'm going to get your take on t. it's going to push the fed to cut back on their bond purchases faster and greater. >> well, my number is pretty close to that. i don't have any qualm with the consensus forecast. i think the taper pace is probably more or less set in stone. they are going to go with steady, small clips and probably be done, in my view, by the end of the year. i'm not sure at this point that a m it makes a huge difference to the fed. >> if you read the fed minutes that came out yesterday and sort of the commentary, some of these fed governors are worried about bubbles. i think they desperately want to unwind qe 3 but they are saying bubbles. the stock market p.e.'s are bubbles, that there's too much le leverag levera leveraged loans. i think the loans have been underheating. is the fed in some sort of a panic mode to get the hell out of qe 3? >> i think they want to get out of dodge, larry, no matter how they do it, and that gives them a

steve stanley is only one method.pected. >>> coming up, the first stock of the day for 2014. and it's like the -- the soup -- today's soup did he jour. plus we're going to take today's matters in our own hands. and we have one happy eagles fan. he's getting ready for the big game on saturday with the saints. jim cramer's new year's thoughts for the market. so ally bank has a raise your rate cd that won't trap me in a rate. that's correct. cause i'm really nervous about getting trapped. why's that? uh, mark? go get help! i have my reasons. look, you don't have to feel trapped with our raise your rate cd. if our rate on this cd goes up, yours can too. oh that sounds nice. don't feel trapped with the ally raise your rate cd. ally bank. your money needs an ally. so you can see like right here i can just... you know, check my policy here, add a car, ah speak to customer service, check on a claim...you know, all with the ah, tap of my geico app. oh, that's so cool. well, i would disagree with you but, ah, that would make me

. >> steve roach is talking about this, morgan stanley, yale, unbalanced and dysfunctional china.he "ft today about structural challenges for the u.s. what is your optimism for 2014? i believe quantitative easing has passed its sell by date. anything we do to wean the country off. not because of fiscal issues or rampant inflation. ridiculous. to try to find price discovery. we have bad price discovery globally, we don't know the price of houses -- >> everything has been distorted by monetary policy. >> do we know the price of twitter? >> footer provides me with a service i pay nothing for and i enjoy it. >> we need to see wages go up at the end of the day. otherwise where do you get inflation. inflation coming from other areas like investment in real estate. have a sustainable inflation. we have low inflation. when you look at the inflation statistics, goods are deflating, services are inflating. inthis weekend, goods deflation but our world, betty liu's world, service sector -- that is not true. is three areas. mostly housing. the owners ofequivalent rents skyrocketed. >> betty's

steve grasso on the key levels to watching today's trade. and morgan stanley's vince reinhardt on the fed follow. we begin with the biggest movers on the biggest day for earnings so far. pete, you nailed it. facebook and under armour. >> you know, we talked yesterday about facebook and the fact it had done absolutely nothing when you look over the last monday or so. basically it had been up 1 1/2% maybe. trading around $55 a share. they absolutely slaultherred these numbers. exactly what murph and a lot of the guys who had been pounding the table on this name or a long time were looking for. they did it, through execution. under armour signaled they were going to and then they actually delivered. it was february notal, scott that the folks actually -- that's why it's a stock picker's market. you're looking for the right stocks to be in at the right time. under armour continues to go up for the upside. >> your brother, jon. which reports matter tonight? amazon, google, chipotle. >> the first two. chipotle not as much. no offense, love them, love the product but i

steve jobs. is all of this accurate? that is next. stuart: morgan stanleyhallenge netflix's growth, lead to higher marketing and content costs, it is down 1%, google hitting another new high, jpmorgan raising their price target. the stock is $1,130 per share. another company in a high, wind is reporting steve wynn will continue as chairman where the action is. apple opening the store, it is bonet or partially owned by yahoo!. yahoo! stock is up again, $1 higher at 41. next amazon's jeff bezos blasted in a new book. does he deserve it? reluctant to try new things. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. stuart: breaking news on not tech friend making your car to a mobile smart phone, tesla and at&t reached future tests for car models to at&t's network in north america. both stocks a li

stanley mcchrystal. we will get that interview. >> steve is coming. i want to talk to -- >> zimmer. >> yeah. >> is that her first name? >> maybe i'm missing something. >>> first, here is bill karins with a check of the forecast. bill, i hear we got snow coming here? >> we do. washington, d.c. looking for their biggest snowstorm in three years. not saying much down there because they have been in a snow drought. that looks to end tomorrow. almost guaranteed. this is where the storm's origins are. up here in north dakota that is going to be the beginning of it. first thing that has to happen is the temperatures have to cool off. that will happen today as the colder air moves in and winter storm watches from north virginia and west virginia up i-95. the snow will begin tuesday morning during the mid-morning especially d.c., philadelphia, and ending late tuesday night. a lot of people will be shoveling probably before they go to bed tuesday night and once again maybe early wednesday morning out there on cape cod and long island. snow totals this isn't a h

steve, this is carol. i wanted to jump in on the momentum stocks, too, because it seems like morgan stanley and some otherng some of the big names where we've seen a lot of movement end of the last year. is that something that you're seeing or hearing where you think there's going to be a rotation out of some of the big high flyers from last year into perhaps maybe some of the more defensive names? >> if you think about it, when were you going to sell that high flyer? you didn't want to sell it in december and pay taxes immediately. the time to sell it is january. that seems like the obvious trade. the guys that have been downgrading those high flyers, they've been downgrading them for the last quarter of the year. so they've been wrong and they have to keep pushing their position. every time they get a little momentum they pile up on them again. >> we're seeing a lot of down grades. in other words it went further than we think it should be. >> i'm personally long twitter and going into earnings nobody has any guess what earnings will be. i will tell you one thing, no one wants to be caught short going in

stanley in asia. forward to his joining us. >> if you think about it, in the last lot for years, stephen on one side and jim on the other. steve have to trust the policymakers. she is really turning the page. i want to hear what you will say. >> he is very close to trish regan, joining us now to talk about what is happening with pot in colorado. it is a very big deal. it is now legal in colorado for recreational purposes. it had been for medicinal purposes and prices have doubled. >> it is amazing. the first of january, this new law took effect, which allowed people to buy marijuana for recreational purposes. you did not need to have a doctor prescription. you can go up and say, i will buy some and you can smoke it there in the privacy of your own home. what has been amazing is what is done to prices. >> the law of supply and demand. demand will go up. >> demand has gone up here you have seen lines just stretching out. as a consequence, we have seen prices double. before to run about $200 january 1 for a medicinal ounce of marijuana and it is now going or $400 an ounce. for recreational use. that includes point percent tax. to