the vice president of marketing at boeing commercial airplanes told cnbc today at the singapore air show that boeing identified the problem with the shims which are used to close gaps. the issue will be repaired in a matter of days. back over to you. >> thank you for the update. we'll check back with you. >> i want to check in with meteorologist christina loren. she has a look at our forecast. >> good morning. overall we're looking cool, cloudy and quite a bit of rain. so getting a good taste of winter finally, better late than never. we have light showers coming down over the south bay. we're going to see light showers throughout the day today. all the way through about 6:00 p.m. areas to the north of the golden gate bridge you can see from the real time doppler radar starting to get a breakup there. the highways are slick and we have gusty winds so give yourself plenty of time. the last thing you want is to be late. 53 in san francisco, 49 in san jose. as you can see we stop at 11:00 a.m. and we're going to have a little light activity through the south bay. the south bay will see the

i'm courtney reagan at cnbc global headquarters. here's what i'm watching. rrow continues the string of retailers reporting quarterly earnings. we hear from kohl's, target, hsn, and gap. we'll look at compressed margins and if guidance continues. we'll find out tomorrow. >>> i'm mary thompson. here's what i'll be watching for thursday. aig reports its 4th quarter results. investors will wait to hear of improvements in the company's core property and casualty business. >>> before we let you go kwb let's recap the day on wall street on this quick market stat check. the dow industrials snapping a three day winning streak. bringing concerns about a recession overseas. when all was said and done, the dow gave back 27 points or a fifth of a percent. meantime, the s&p 500 slid about five points backing off from the neighborhood of a ten month high in financials and teches. and ripples through the nasdaq composite which drops half a percent. despite the pullback, the major averages are on pace for the best january and family member percentage gains since 1991. >> tha

. >>> this comes to us from our friends at cnbc and u.s.a. network. the dogs have taken over the town. at the 136th annual westminster dog show, a peek could he niece won the second year in a row of top toy. he could grab best in show honors tonight. there are more than 2,000 entries. 185 breeds this year. martha stewart's entry g.k. won best of breed. the stars of the show are all being pampered backstage, hair styling and all. he didn't have any hair. i'm lynn berry. this is "early today." >> live, local, late-breaking, this is wbal-tv 11 news today. >> good morning. we're starting out with a couple sprinkles. nothing of any consequence. let's look to the current conditions. 42 downtown. the radar picking up some sprinkles. it looks impressive but most of that is not hitting the ground. a slight chance for some rain with a high of 48 degrees. we will come back and check the forecast into the weekend. >> of 35 degrees on tv hill. employee rights. >> president obama lays out his spending blueprint and republicans call it class warfare. >> a man falls t

. >>> this comes to us from our friends at cnbc and u.s.a. network. e dogs have taken over the town. at the 136th annual westminster dog show, a peek could he niece won the second year in a row of top toy. he could grab best in show honors tonight. there are more than 2,000 entries. 185 breeds this year. martha stewart's entry g.k. won best of breed. the stars of the show are all being pampered backstage, hair styling and all. he didn't have any hair. i'm lynn berry. this is "early today." >>> our time is 4:28. we have 44 degrees here in the nation's capital. good morning to you, i'm joe krebs. >> i'm eun yang. it is tuesday, february 14, 2012. happy valentine's day to you. >>> today the vice president of china will meet with president obama to talk about economic and security issues. the vice president arrived in d.c. yesterday. he is expected to become president of china next year. the whole world will be watching as he wants to rebuild trust between the countries. in the u.s., the vice president will visit iowa and california to meet with local busi

it has been an exciting day for us all here at cnbc at the nyse.nd myself and our colleagues cut the ribbon this morning to launch our new broadcast set here. we br i think in vice president of technical operations at cnbc and the man behind this enormous project. great to see you. congratulations. >> thank you so much. >> it's such an amazing set the fact that it is post 9. it was a post. and you led this enormous project. you've been working on this for two years. tell us about it. >> it really starts with the team. we done a lot of projects. we've built a lot of sets over the years. i have never been prouder of these guys than tonight. a remarkable achievement for cnbc. on the technology side we hit a lot of things here. there's 17,000 feet of video cable here in the exchange. and between here and englewood cliffs, there's 200 miles of fiberoptic cable connecting us. >> i know the set is -- the lights the l.e.d. lights they are using less energy. there's positive things about the set. >> this uses the same electricity as a window air conditioner

at cnbc options. dan posts regular updates at risk reversal. coming up, the final word from the options pits. >>> i was 18. it was on my 18th birthday. and so they sent me on my birthday to sports illustrated and they hired me and there i was. then i was rookie of the year. >> catch more of the very lovely kate upton as she sits down tonight in a business of the sports illustrated swim suit issue. that's must see tv. tonight 7:00 p.m. eastern on the nbc sports network. time for the last call from the options pits. dan nathan >> consider stock replacement in the bank stocks. >> we love calendars like mike's on priceline. but don't hesitate to take it off before that march expiration. >> mike. >> >> 8 to 1 payoff in the nike put spread. i'd stay with it. our time expired. i'm melissa lee. >> for more go to options action.cnbc.com. see you next friday at 5:00 eastern. don't go anywhere, money in motion is up after this break.

. >>> and this comes from our friends at cnbc and usa network here in new york city where the dogs have over the town. the 136th annual westminster dog show and a pekingese won for the second year in a row as top toy. how cute. he could grab best in show honors tonight. there are more than 2,000 entries and 185 breeds this year. martha stewart's entry g.k. took home best breed. of course, the stars of the show are all being pampered backstage, hair styling and all. i'm lynn berry. this is "early today," just your first stop of the day today on your nbc station. >>> well, you may kiss the bride was announced nearly 600 times in peru. valentine's day came early as hundreds of couples said "i do" in a mass wedding. romance filled the air as brides and grooms of all the ages gathered to tie the knot. as the newlyweds kissed, families toasted with champagne and threw rice in celebration. >>> the people of haiti have a new reason to celebrate. music, dancing, and costumes filled the streets during this year's carnival celebration under the theme "our culture is our soul." girls performed trad

cnbc options. dan posts regular updates of his trades as well. at risk reversal. coming up next, the final call after this. >>> how did it all happen with jeremy? >> i just love basketball myself. when i saw him, i thought that's a really good basketball player and i want to represent him. i can tell you as soon as i met him and had a chance to get a feel for him, i knew right away. i said this guy has got it. >> pretty lucky guy. he's roger montgomery, jeremy lin's agent. you can catch more of him in a special sports biz with darren ravel. that's tonight 7 p.m. eastern on the nbc sports network. now time for the final call. mike khouw kick us off. >> the april 90 calls are a way to make a move on exxon. >> i like that as well. mike is getting long volatility. >> dan nathan. >> cat i'm going to look out and make a short-term bearish bet. >> our time expired. i'm melissa lee. >> for more "options action" go to options action cnbc.com. see you next friday. meantime, "money in motion" is up after this break.

for all of us at cnbc, thanks so much for watching. for all of us at cnbc, thanks so much for watching. i'm tyler mathisen. [ticking] >> warren buffett, america's second-richest man, is a household name, his son howard not so much. and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. like his father, howard does not live the high life. in fact, he's a farmer who would rather dig up the ground than sit in a boardroom. are you sure he's your son? >> well, i think that's worth checking out. you'll have a big exclusive. [ticking] [bell ringing] >> for 150 years, the floor of the new york stock exchange was the center of the financial world. but today most trading in stocks is done elsewhere by robot computers that buy and sell in microseconds, faster than you can blink an eye. and the computers have done so well that some institutional traders have come to believe that the game is rigged. are humans ever involved in the trading? >> humans are not involve

our friends and colleagues over at cnbc have confirmed facebook will file initial paperwork tomorrow morning for a $5 billion initial public offering. the company is looking at a valuation worth of the firm of between $75 billion and $100 billion, which would vault it right into the ranks of the largest public companies on the planet. >>> up next here as we continue tonight, another january day that looks and feels a lot more like june to some folks. why has this winter been so warm in much of the country? >>> and later, a man with a big heart, making a huge difference by getting people back on their feet. >>> what a difference a year makes. if you live anywhere from boston to chicago or points in between and you walked out the door this mourning and turned right around to take out a few layers, who would blame you? some people did put their coats away here in new york today. it was so warm today across much of the country. as you know, they're calling it june-uary. it's got a lot of people wondering whatever happened to winter? again, realizing we're tempting fate, we get the story t

rebound from the down friday for a look at your news before the bell we turn to brian shactman live at cnbc. good morning, brian. >> good morning, guys. stock futures lower after the mixed session on friday. but an overall positive week actually for the markets. the s&p now at its highest since mid 2008. there were several pretty good economic reports that offset concerns about rising oil and gas prices. asia and europe lower today. here in the u.s., busy week for economic data reports on durable goods, home prices, consumer confidence, manufacturing, and the final read on fourth quarter gdp. for today one, the latest news on pending home sales. the dow slipped 1 point to 12982. the nasdaq was up and the s&p added two to 1365. a federal judge delayed the civil trial over the bp gulf oil spill by a week. the trial had been scheduled to start today in new orleans but the judge says bp is making progress in settlement talks with a committee that's overseeing thousands of lawsuits. the trial will determine the amount of damages bp and other companies must pay for the worst offshore oil spill in

nobody enjoys a good dow crossing more than our friends at cnbc. here's how they reacted -- >> for the first time since may 20th on an intraday basis, the dow is above 13,000. i -- no one i'd rather be with on the floor at this moment. what does it mean? what does it mean to the market? what does it say about the journey, the country, the world has been on for four years? >> i can answer that, carl. the dow hasn't been that high since 2008 but in many ways it's a lousy index. only tracks 30 stocks so it's not a good indication of overall markets. not as good as, say, s&p 500 which tracks 500 stocks but, hey, it's fun. other news, the network abc has gotten access to controversial factories that make iphones, ipads and other apple products. it going to air a special tonight on night line. foxconn products make product for other high-tech companies the recent suicide, deaths and worker conditions have put a pressure on apple. now, critics quick to point out the ceo of disney, abc's owner sits on apple's board and steve jobs was the largest shareholder

that's what we have at cnbc for you today. back over to you. >> it is 4:45 right now as we creep closer to the weekend, it looks like a nice day and a decent start to the weekend. >>> it's a three-day weekend for many out there, that's the good news. we'll get pretty good weather all three days. we have rain chances two out of the three, but they're very slim and as we head through the weekend you can still get outdoors. right now nice clear start from the coast all the way through your inland cities. we are mostly clear at this point. we might see a little bit of the fog, the tule fog creep in from the central valley and concord and livermore might drop off with visibility. 49 in fairfield, 37 in concord this morning. good morning to you in san francisco. 53 degrees there. as we head throughout the afternoon warmer than yesterday and that's because we're going to see the downsloping dry winds warm us up as they pump from land to sea. and this morning we've got pretty strong gusts out there so you could get caught from time to

. >> a check of the markets for this monday morning we turn to courtney reagan live at cnbc headquarters with a preview. good morning. >> good morning to you. futures right now were lower as markets take a bit of a breather from last week's gains fueled by friday's better than expected jobs report. asia was up, europe is in the red as investors continue to wait for a deal to restructure greece's debtd. sounds like a broken record but we're waiting. there is no economic data but we'll get reports this week on consumer credit. the trade deficit and consumer sentiment. the dow closed up 156 on friday to 12,862. the nasdaq 45 points to start the trading day today at 2905. today is the deadline for states to sign on to the multi-billion-dollar land mark settlement with banks over mortgage abuses. "the new york times" reports the obama administration, california's returned to negotiations after a four-month absence. that could boost the amount of mortgage relief available for homeowners from 19 to $25 billion. amazon may go from click and mortar to brick and mortar. it will open testing to see

for that we turn to jackie deangelis live at cnbc world headquarters. >> good morning. the futures are lower as investors continue to monitor the ups and downs concerning greece and its debt crisis. the greek government reached a deal thursday for new budget cuts but european leaders are imposing more conditions on the deal. the asian and european markets are lower. in the u.s. some data this morning on the trade deficit and consumer sentiment. and ben bernanke speaks this afternoon. the dow rose on thursday to close at 12,890, the nasdaq up 11 to close at 2927. google reportedly working on a home entertainment system that will be branded under its own name. the system which can stream music throughout your home would be google's first effort to make and market consumer electronic devices. the apple rumor mill, it's spinning again. reports saying that apple has chose at any first week of march to unveil the next version of the ipad. no word on a street date. reports say that the ipad 3 will be similar to the ipad 2 but run faster and have better graphics. go figure. of

for that, we turn to jackie deangelis live at cnbc world headquarters. good morning, jackie. >> good morning to you. the futures are higher this morning after markets posted decent gains yesterday. investors are more optimistic greece may be closer to reaching a deal on budget cuts. that's one of the conditions set by european leaders in order to get a new round of bailout money. mean time, ben bernanke told congress that even despite last week's strong jobs report, the labor market is still weak with unemployment above 8%. that suggests the fed will keep interest rates low for a while and may step in with some more stimulus. the dow rose 33 points yesterday to close at 12,878. the nasdaq adding two points to 2904. >>> mean time, consumer borrowing surged in december, the second monthly increase, a sign that consumers may be feeling more confident about the economy. all types of gains, autos, personal and student loans, saw biggest increases. credit card debt rose 4%, which may be related to the holiday shopping season. >>> and want your beer and wings a

here is a look at cnbc and what they were talking about the second they went over 3,000 on the nasdaq. >> critical fiscal and financial challenges that remain. >> i have to admit, hampton pearson was a little boring when that actually happened. he is a smart guy but balloons should have dropped for something, just a second, we went over nasdaq 3,000. we have been bouncing back and forth all day. speaking of things we hope are not bubbles, jobs may be headed to san francisco. it already has, as many tech job it is had during the dot com boom and constituent set to eclipse that record. the mare and venture capitalist ron conway says tech companies ready to hire more through their joint efforts called sf city. >>> not done with the records, apple worth a half trillion. if you took all the shares of am, added them together and their value, a number bigger than $500 billion. now, just a couple of months ago, apple was worth $400 billion. if am were a country it would knock poland out of the top 20 largest countries in terms of gdp. 100 time morse valuable, again in terms of gdp, than vietn

for that we turn to courtney reagan live at cnbc world headquarters. good morning, courtney. >> reporter: good morning. apple does join a very exclusive club as the company tops $500 billion in market value. only five other companies have ever hit $500 billion. microsoft, intel, cisco, ge and exxon mobil. it only took a little more than a month from and toll go from $4 had u7b billi $400 billion and $500 million. and sl worth more than microsoft and google combined. if apple were a country, it would be the world's 20th largest economy. unbelievable. >>> at this point futures are slightly higher so the market is poised to continue gains after the dow finally managed to close above 13,000 for the first time since may of 2008. investors cheered a report showing consumer confidence at a 12-month high and oil prices falling helped us to get there. we'll get the final report on fourth quarter gdp which could show the u.s. economy grew a little less than previously thought. fed chairman ben bernanke testifies before congress this morning about the economy and

our friends and colleagues over at cnbc have confirmed facebook will file initial paperwork tomorrow g for a $5 billion initial public offering. the company is looking at a valuation worth of the firm of between $75 billion and $100 billion, which would vault it right into the ranks of the largest public companies on the planet. >>> up next here as we continue tonight, another january day that looks and feels a lot more like june to some folks. why has this winter been so warm in much of the country? >>> and later, a man with a big heart, making a huge difference by getting people back on their feet. [ male announcer ] this is coach parker... whose non-stop day starts with back pain... and a choice. take advil now and maybe up to four in a day. or choose aleve and two pills for a day free of pain. way to go, coach. ♪ [ sighs ] i can't wait till morning. wait! it's morning in china! ♪ [ male announcer ] it's sweet, it's nutty... it's absolutely delicious. kellogg's crunchy nut. it's morning somewhere. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok.

cnbc's identify squawk on the street" becomes part of the floor. our new home at post nine directly under the opening bell. new tools, new technology and a new perspective in the center of all the action. >>> and welcome "squawk on the street" live here at the new york stock exchange. obviously welcome, guy, to our new home. we start off an exciting monday morning as you just saw from the ribbon cutting. looking at a little bit of weakness around the globe really. asia down with the exception of shanghai, up for the seventh day in a row. futures down about 50 points and a big vote today in the germ parliament. >> let's hit the road map for this monday morning. ware buffett says buy american because it's got the best opportunities. he reveals he's bought seven international stocks. he's also forecasting a turn in housing and says banksing is back. >> warm weather also helped the home improvement retailer but margins did fall. >> two major ceos. dell's ceo and ebay's ceo and how mobile is groving his business. >> second round coming up on wednesday, the fed chief be

i'll be hosting at cnbc's google plus page. come over. time we've done it live here at the headquarters. be interesting to see how i flub that one up. >> i still think this whole internet thing is a fab. i've been wrong. >> big time. >> in fact, i've got -- you guys killed me on twitter yesterday on our segment about picking the best stock in the basket versus buying an entire etf. so we'll flip the scrip. i will issue a mea culpa. teetering leaders of the arab spring. >>> cnbc celebrates black history month. willy t.ribbs, pioneer with a passion for speed. after graduating high school he took his talent to europe competing and winning in many classes of auto racing. when he returned to the states, ribbs was the first african-american to compete in the nascar winston cup series and the first to qualify for the famed indianapolis 500 in a formula one style car. >> driving fast is freedom. you're free to go as hard and fast as you want. nal here? aren't you getting a little industrial? okay, there's enough energy right here in america. yeah,

at home. when 60 minutes on cnbc continues, we'll hear from a nation of them. [ male announcer ] technology acceleratest moving forward... is moving backward. [ tires screech ] [ engine turns over, tires squeal ] introducing the 2013 gs, with the lexus enform app suite -- the most connected information and communication technology available in an automobile. [ engine revs ] the all-new 2013 lexus gs. there's no going back. see your lexus dealer. [clock ticking] >> how long a vacation do you take in the summer? two weeks? one week? a long weekend? in america, we may all want more time off from work, but we never seem to be able to take it. but as lara logan reported in 2005, there are millions of people who take endless vacations in the summer-- a month, two months, even more. and we're not talking about the idle rich. these are government employees, blue collar workers, office clerks. what's their secret? they live in france. >> stephane marchand is a senior economics editor at the french newspaper le figaro. >> in my line of job, i am a journalist working with french newspaper. we have eight weeks of

that's at 8:30 eastern time, which is 1430 central european time. tune in to cnbc world to catch all of the action from overseas. i'm louisa bjons. >>> holding an analyst's day tomorrow, but the company offered projected third-quarter results including eps of 123 to 125. and same-store sales for the major chains, red lobster, olive garden increasing 4%. >> let's see what darden did today, in today's trade. we're going to see darden restaurants, shares down 32 cents. joining us in an exclusive interview, clarence otis jr. and part of the message is that your biggest chain, olive garden, you're starting to turn things around there, right? >> we're seeing good fundamentals there. we've seen good moves in all brands. if you go back to prior quarter. >> interestingly, it was the way you were marketing your menu. you were ek emphasizing the quality of the food. when you started reemphasizing value and pricing, that's when things turned around, right? >> it's always a delicate balance, where you've got to build brand and emphasize value at the same time. we were emphasizi

he watches the business news... >> so this is at cnbc. >> got to be. checks his email, answers the phone. okay, so we've arranged fo the producer to call you on the phone. the phone is ringing. >> and simply answer the call. >> hello? >> hi, karen. >> you're on speaker phone. i can talk to her too? >> yes. >> okay, so what happened, karen, was, the water was turned off automatically... >> right. >> and he answered the phone on speaker phone, and we're talking to you from his shower. [laughter] the electronics are waterproof, but not foolproof. >> oh! >> ooh! what happened? >> we forgot to turn it off. >> [laughs] >> there we go. oop. >> okay, so you're in the shower, that happens. >> well, i usually don't have leslie stahl in the shower with me. >> that's--that would be a unusual occurrence for me. >> for the record, that was my first interview in a shower. >> you are wet. >> yeah, i know. >> i feel--oh, i'm sorry. >> no, don't worry about it. and my last. in 2010, 3% of businesses in the u.s. said they had flexible work hour plans similar to the best

tip, go to the commesary at cnbc and it free. >> coming up, are bernanke critics wrong about rising inflati inflation? what about the alarm bell, too much money chasing too few goods. michael and dan square off on the bernanke inflation record. >>> welcome back, to "the kudlow report" i'm larry kudlow, are ben bernanke's critic wrong about inflation? they have been saying that all the pump rhyming will breed inflation and bernanke defenders, especially in a big article today, say no, there's no inflation, i'll ask at the top, what about millton freedman's theory. too much moneying chasing too many goods. we bring in dan, chief global strategist, btig. okay, dan, the 12 month cpi is 10%. let's go over the six-year term for bernanke, the inflation rate is 2.4, the long run looks good, the short run not so good. are you worried? >> there's clearly developments that suggest that there's things to be aware of. the economy appears to be improving. certainly on that front, those of us who were defenders of the federal reserve have to be careful, but let's be clear, the reserve has printed a trilli

catch all the action overseas at cnbc headquarters, i'm louisa boreson, going global, your money. you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. want to protect the house. for 60 days, right. but... home security systems can be really expensive. so to save money, we actually just adopted a rescue panther. i think i'm goin-... shhh! we find that we don't need to sleep that much. there's an easier way to save. geico. fifteen minutes could save you fifteen percent or more. >>> welcome back, one last check of all the after hours action. right now, jackie deangeles with the details. over to you, jack. >> applied materials, the one everyone is watching at the realtime exchange. the first quarter adjusted eps 18 cents versus a 12-ce

for that and the rest of the news before your bell we turn to courtney reagan live at cnbc world headquarters. good morning. >> good morning. futures slightly lower after we saw stocks close monday as well. no economic data points so investors will focus on europe's debt crisis and the talks in greece. we're still paying attention to the headlines. eu leaders pressing the greek government to accept their conditions for another round of bailout money. we'll have to see. we'll go to one report on consumer credit. coca-cola beating estimates by 2 cents to 79 cents a share. the dow will open today, the nasdaq slipped to 2901. disney and yun a vision are reportedly in talks to create an english cable news channel. the goal is to begin broadcasting before the november elections which would give the channel time to provide coverage here to hispanics considered key swing voters. they have acknowledged in order to expand it needs to provide content to second and third generation latinos who speak english. >> walmart wants to help you figure out, adding the green icon that says great for you to some of

the actor and director made a stop at cnbc.e says the biggest issue the country needs to focus on right now is cutting spending. >> the last couple regimes are putting us deep in the hole. i don't know why it's so -- it's such a basic thing, your parents always tell you, when you don't have a dollar in your pocket, you don't spend $2. >> eastwood appeared in a chrysler ad that aired during the super bowl last weekend. in the two minute spot, the 81-year-old actor talks about the rebirth of chrysler and detroit. the commercial was titled "it's halftime in america." >>> greek officials have approved a new bailout plan for the country, taking a $170 billion loan from the european union and the international monetary fund. the plan also includes even more job cuts as well as reduction in minimum wage and cuts to employee pensions. greece's prime minister says that the bailout must be approved and any cabinet members who don't support it should resign. greece's parliament could vote on the plan as early as tomorrow. >>> track work w

for details and the rest of the news before the bell we turn to jackie deangelis live at cnbc world headquarters. >> good morning. the futures are mixed after stocks kicked off with a rally on wednesday, breaking the dow's four-day losing streak. the markets were boosted by positive manufacturing data from china and the u.s. we're going to get data on unemployment productivity and labor costs. ben bernanke testifies before congress about the economy a week after the fed blejed to keep interest rates low. we saw the dow rise to 12,716. retailers report january sales today and for once they can blame the weather. sales rise 2% versus 5% in december. the storms were hurt by the lock of cool weather. january's also a promotional month as many shoppers are cashing in gift cards. and american airlines is seeking to cut jobs. also $2 billion in costs. the company wants to terminate its pension plans which would amount to the largest pension default in u.s. history. american which filed for chapter 11 has lost 12.5 million. >> thank you. >> it is 5:19. iconic san francisco watering hole might have found

for that we turn it over to jackie live at cnbc world headquarters.d morning, jackie. >> good morning. the futures are lower as investors continue to monitor the daily ups and downs concerning greece. the greek government reached a deal for budget cuts but european leaders are imposing more conditions before they approve a new round of bailout money. the asian and european markets are lower. we'll get data in the u.s. on trade deficit and consumer sentiment. ben bernanke speaks at a home builders conference this afternoon. we saw the dow rise 6 points to close at 12,890, the nasdaq up 11 to close at 2927. retailers will feel the love on valentine's day. the national retail nedder rags predicts consumers will spend $17.6 billion up 9% from 2011. people are going to likely spend an average of $126. mostly to spouses and significant others. jewelry is the biggest gift item, expected to hit $4.1 billion followed by a night out and flowers. men are the bigger spenders. $85 by women. you can have your own farmville action figure. hasbro is developing toys b

becky quick at cnbc's headquarters. thank you, becky. >> thank you. >>> the deep dive is next.e. the daily rundown will be back in 30 seconds. >>> all right. we're less atlanta two weeks away from super tuesday of course and that is the day that usually winos the field down to one or two candidates, sets the stage for potentially the national convention. but is it too late for a new republican candidate to get in? we'll take a deep dive into the delegate count and primary deadline to get a sense of what's possible. here's some numbers you need to know. we have 2286 delegates available in order to get to the republican convention at the republican convention a candidate needs 1144 to win the nomination. the number of delegates bound to a specific candidate right now is just 113. and there are 1,250 delegates off the table. those are the delegates which cannot go to a new candidate because deadlines have passed or the contests themselves have passed. so now that you know the three magic numbers, a candidate needs to become the nominee, let's look at who could get into the race ri

we got the story covered from all angles with reporters back at cnbc headquarters and in california. but first let's talk about the filing itself. there were a number of first-time disclosures here by way of daily active users. 483 million daily active users on average in december of 2011. 2.7 billion likes and comments per day. karen, you're also noticing in term of the financials, the cash flow on facebook. >> the growth is amazing. so you have to make -- of course extrapolate what the trajectory of that can be. i think we'll see multiples that we haven't seen since probably the internet craze. which obviously gives you tremendously large valuations. that i probably won't be able to get on board for even though it's a great product. >> this is the internet craze in some ways. >> it is. social media. everybody wants a piece of this. regardless of price and regardless of valuation coming out of the gate. okay. now how do you convert this into the ad sales? the revenues everybody brings up. it does make you wonder. you look at these numbers the valuation has gone from the 50 million v

it first crossed there, we can take a look at the big wall back at cnbc. i'm going to try to match bob's big technology guns here. the first time we crossed was back in november of 1999. back then it was the big y2k buildup in telecom and microsoft close at a $600 billion market cap. and we saw an explosive 60% runup in just four months where the nasdaq as we all know peaked in march of 2000 just above 5,000. it would be a big ride back down to the last time we closed at 3,000 in december of that year. among the biggest stocks that moved things this year sears up 112%, seagate up 64%. but it's really all about apple in terms of apple's move. it's accounted for a third of the big caps move this year to the big milestone. rick santelli over to you in chicago. >> well, thank you very much, bertha. you know what, mer vin king set us early on the track. look at the gilt, 10-year and uk. started rising up a baker's dozen 13 basis points. then the post ltro hiccup. up a mere 70 basis points. who wants to be subordinated to the ecb with respect to something like a

another interesting stat, thanks to the research team here at cnbc, 285 companies in the s&p are up moretheir march 2009 low. but the question is, halfway through the recession, can we make our way out of it. and more importantly, do these stocks, we've seen monster moves, and can the momentum ride through going forward, and are these a good bet for the second half. >> thank you very much. seema mody. shared of linkedin topping expectations since last year. in an exclusive on "fast money" ha halftime report. >> we have 55,000 shares coming to the end of february, about 48 million of those shares are held by reed hoffman, the founding director. so all five of the constituents have been thus far to date long term and committed shareholders. >> the company went public last may. and on its first day of trade, the stock doubled to more than $45 a share. there were bumps in the road, however, since then. year-to-date it's been up, up and away, 40% higher so far in 2012. what do you think about this, herb? >> i think you're seeing social media is not all created equally. i'm one of those who pa

at cnbc you have the choice between an iphone and blackberry. i can tell you, this is on its last days. this has given me so many problems. i'm going to the iphone. i'm waiting for the iphone 5. >> the major question is the dividend or buy-back, what do they do with the cash. we heard warren buffett say this morning when speaking to steve jobs, he was opposed to anything of that. so how do you marry the two with cook? >> you know, i don't think it matters. i think that would be a bonus p if they have a big buy-back or put a dividend in, but i don't think that matters to the stock price right now. what matters is performance. if they had a 10% dividend and earnings growth petered out, the stock would collapse. it's all of that. >> it's a clear deverge unlgenc the steve jobs path. he said i'm on the same page as steve jobs. that's a major hurdle to cover yom. >> what buffet addressed today was the reality distortion field he used. you're printing the dollar, receive, so you know the dollar is worth a dollar, it's trading for 80 cents. in other wor

take a look at the cnbc realtime exchange. re at big board, the united states commodity funds chief investment officer john hyland. at the nasdaq star of bravo's million dollar listing new york, brian surant along with eddie shapiro. >> i've got to mention this. eddie lampert. i'm going to draw a larger conclusions from sears. eddie lampert might not like this. real estate lending. commercial real estate. you could not do that deal without the banks opening spigot. one of the largest areas that's hampered the banks, commercial lending with they haven't liked it. the take away from the sears deal is two-fold. banks are going to lend again. buy the banks. secondly, unemployment extension, payroll tax deal, they're working for retail. because we were searching earlier for why retail might be doing better. what a positive scenario versus gasoline. always got to put that in. >> gasoline, do you buy the notion that unless tit's summer driving season americans don't care about $4 a gallon gasoline? >> i think there's not so much stick

for details on that and the rest of the news before the bell, we turn to courtney reagan live at cnbcrning, courtney. >> reporter: good, good morning to you. futures right now slightly higher. that means we are poised to add some gains this morning when that opening bell sounds. the dow finally managed to close above 13,000 for the first time since may of 2008. we got there because investors were cheering a report showing consumer confidence at 12-month highs and only prices falling below $107 a barrel. we'll get the final report today on fourth quarter gdp. it could show the economy grew less than previously thought. fed chairman ben bernanke testifies before congress this morning about the economy and interest rates. the dow closed up 323 points. we will open today at 13,005. we'll see if we go up or down from there. the nasdaq adding 0 points to 2,980, adding 20 points. nasdaq 3,000 just within spitting distance. >>> the government is delaying a release of a rule requiring automakers to install rear view cameras in all vehicles until the end of the year. the transportation secretar

>> we asked starbucks about that here at cnbc. starbucks actually gave us a comment.y said that they're concerned about that and they said while gmcrk-cups are not currently recyclableable, we have shared our expertise in this area with gmcr in hopes of helping them to develop a viable solution. that is an additional cost. that is something going forward nobody's talking about. by the way, this is something as we all know, starbucks is very concerned about. they got the k-cups out. now they got to make sure they're socially responsible. >> is it really an additional cost, though? a lot of these recycleable products you can make them thinner now so they cost less, even. not sure that's a concern. >> existing k-cups, they're working on a patent for new product down there, the bull's next story. they're going to tell you this new product which is suddenly going to come in and cannibal liz the existing product is going to have some impact. we don't even know where starbucks is going to go with the next generation of this. >> herb, let me -- at the beginning of the segment

. >> to find out if the feel good friday carries over to today we turn to courtney reagan live at cnbc world headquarters. good morning. >> good morning. futures are a bit lower now, looks like markets are taking a breather. asia was up but europe is in the red. investors continue to wait for a deal to restructure greece's debt. we're again waiting. there is no economic data points today in the u.s. but we'll get reports this week on consumer credit, the trade deficit and consumer sentiment. the dow up 156 points on friday which means today we open at 12,862. the nasdaq rising 45 to 2905. boeing has identified and is fixing a problem with the fuselage on its new 787 dreamliner jet. the company says the repairs won't affect production. reports say the issue is known as delamination shims or structural spacers weren't properly attached. boeing built 50 dreamliners and delivered five so far. the 787 entered service last year but after three years of delays. wall street is cheering the giants super bowl victory because they are both from new york but the super bowl predictors state that wh

for details on that and the rest of your news before the bell we turn it over to jackie live at cnbc headquarters. >> futures are slightly lower now. the dow briefly flirted with the 13,000 mark yesterday for the first time since may 26 how to 8. it was on relief over the greek bailout deal and on positive earnings from home depot. oil prices crossed above $106 a barr barrel. analysts are saying markets and the economy are better able to withstand higher oil prices now than they were a few years ago. we'll get one economic report this morning that's existing home sales. look for that. meantime the dow closed up 15 points to 12,965. the nasdaq slipping to 2,958. the s&p edging up to 1,362. >>> meantime, government's new consumer financial watchdog is looking into overdraft fees banks are charging on check accounts. the agency says charges can inflict serious harm on consumers and it is going to begin collecting data to determine whether banks are gaming the system to inflate those fees and whether or not they're clearly spelling out how customers can incur those overdraft charges. >>>

for a look if that will carry over to today, we turn to jackie deangelis live at cnbc world headquarters. good morning, jackie. >> good morning, john. the futures are higher this morning after markets posted a decent gain yesterday. investors are more optimistic today that greece may be closer to reaching a deal on budget cuts. that's one of the conditions set by european leaders in order to get a new round of bailout money for the country. and ben bernanke also stuck to the fed script. he told congress that even despite last week's strong jobs report, the labor market is still weak with unemployment above 8%. and that suggested the fed will keep interest rates low for a while and may step in with some more economic stimulus. the dow, of course, rose yesterday, 33 points to close at 28878. the nasdaq adding two points to close at 2909 -- excuse me, 04. mean time, job openings jumped to a three-year high in december, supporting other recent reports slowing some brighter hiring prospects. the labor department says that companies and governments posted 3.38 million jobs. that's up from 3.1

>> people have been asking why so many people at cnbc are following such a tiny ipo.ought it would go straight down because six times more shares were going to be offloaded by investors than offered in the ipo the others said it could cause it so skyrocket. what you're looking at right there is exactly what happened. take a look now up just about 57%. some observers are sounding alarms on this one. remember, the pricing was delayed due to regulatory questioning because the road show was a hurried three days. normally they're two weeks. regulators didn't really have enough time to answer a lot of questions that they had like who's actually selling, how long they had held the stock and what their motivations were. second, the retail component in this issue was bigger than most. usually a stock offering is about 80% institutional buyers, 20% retail. this one favored retail as a stretch to get to that 450-shareholder threshold to be able to list on the nasdaq. and the company's in a market with $100 billion in secured debt that would piggy back on today's performance. i s

california, tracking down ceos and celebr y celebrities, andrew and steve are holding down the fort at cnbcan and former at&t ceo. more of our interview with randall stephenson. >> as a customer becomes a smartphone customer, that customer becomes your tablet customer, they become your connected device customer. >> and clins eastwoclint east w. >> your parents tell you when you don't have $1 in xwlur pocket you don't spend $2. >> great bill murray will join us live. >> careful, fellow, are you my friend or enemy? you are my weapon. ooh! >> great shot. >> the third hour of "squawk box" begins right now. >> welcome back to "squawk box" here on cnbc, first in business worldwide. i'm joe kernen along with becky quick, live from pebble beach, california. andrew ross sorkin and steve liesman are in engel cliffs, new jersey. . >> an exciting place to be in a relative basis compared to where you are. there's a lack of excitement over the greek agreement on austerity cuts, that lack or excitement seemed to have been short-lived. european ministers demanded further cuts -- >> just reporting the news

or give us a call at 1-800-743-cnbc. look at all this stuff for coffee. oh there's tons. french presses, espresso tampers, filters. it can get really complicated. not nearly as complicated as shipping it though. i mean shipping is a hassle. not with priority mail flat rate boxes from the postal service. if it fits it ships, anywhere in the country for a low flat rate. that is easy. best news i've heard all day! i'm soooo amped! i mean not amped. excited. well, sort of amped. really kind of in between. have you ever thought about decaf? do you think that would help? yeah. priority mail flat rate shipping starts at just $5.15, only from the postal service. a simpler way to ship. [ male announcer ] why not talk to one of the 6 million people who've switched to the most highly recommended bed in america? it's not a sealy, a simmons, or a serta. ask me about my tempur-pedic. [ male announcer ] did you know there's a tempur-pedic for everybody? tempur-pedic beds now come in soft, firm, and everything in between. ask me how i can finally sleep all night. [ male announcer ] to le

so call me at 1-800-743-cnbc. after a day where the averages surged courtesy of a fabulously better than expected employment report, one where we caught roughly a quarter of a million new jobs -- ♪ hallelujah -- in one month, dow soaring 157 points, s&p climbing 1.46%, nasdaq gaining 1.61%, can we finally admit what this market grudgingly acknowledged today? the fact that the economy here in the united states has improved dramatically and may actually be on a roll. skepticism, which worked so well in 2011, is no longer a workable strategy. the darn facts have changed for the better. so the multitude of bears out there, instead of now saying we've got a double top, i think they're going to have to start changing their minds and their tunes. more on that in a moment. with this domestic improvement in mind, what's the game plan for next week? remember, we're still in earnings season. first, monday, after the close we hear from cramer fave yum brands. david novak. this is a stock i own for my charitable stock, actiona

call me at 1-800-743-cnbc. just because a story is big news, that doesn't necessarily mean it's important, big news to the stock market. on any given day when the dow surged 73 points,the s&p gained .6%. the nasdaq rose .95%. it feels like we want to comingle so much news with the market that it's enough to make your head spin. just today i heard many people tell me that this market must trade on the budget submitted by president obama. i heard this document which includes tax increases for the wealthy should be the centerpiece of what happens next in the stock market and that means, of course, that the stock market should head lower. at the same time i heard the debate about the trillion dollar deficits and how hard it would be for the united states. that should be the controlling factor. that should be the be all and end all of stocks. what happens if the deficit goes from out of control to totally apocalyptic? don't we have to sell stocks now just on that specter? >> sell, sell, sell, sell. then i heard the

at thestreet.com. you see him many times on cnbc.e says even though the golden cross is a bullish development, he thinks it's not, i repeat, not a tradable event. he says it's more likely to bring in more investors from the sidelines as the stocks can make money which would push the s&p higher over time. also fitz points out not all golden crosses are the same, and this one could be a good one. the 200 day could be moving flat to down while the 50-day moving average has been moving flat to up. it spanned a long period of sideways movement from august to january and that's a base he thinks you can build on. because of the moves here are fairly flat, it means you're not too late to get in on the action, although fitz does think the current pullback could last longer before the rally resumes. here's the bottom line. don't take the golden cross stuff too seriously. it's not a reason to go crazy and buy the s&p 500 hand over fist. you know what? i regard it as a nice confirmation that you don't have to be totally out of your mind with coc

at 4 p.m. eastern time. watching cnbc first in business worldwide from the heart of the financial world on the new york stock exchange. we were just driving along,er comin' back from the lake,ng. and all of a sudden, ka-plam. it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a lot of other stuff in there had the word "aggressive" in it. is everyone okay? well, now, yeah. who knows later. ♪ today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> maybe we are going to do 13,000, rebounding from the session lows, they attempted to close above 13,000, would be for the