bertha coombs is at the nymex with those details. >> interesting today, because we did have the dollar easing back and that did float some commodities, just into positive territory, but not gold, down

we want to get back to bertha coombs with breaking news. what can you tell us now?, scott. right now, there is a tornado warning in effect northeast of oklahoma city in lincoln county. it will remain in effect until 5:55 eastern time. the majority of the damage so far is on a twister that touched down at oklahoma city and south of oklahoma city in the suburb of moore, oklahoma. this suburb was hit hard back in 1999 but an f-5 storm and the pictures we are seeing are of tremendous devastation. so far, emergency management officials say it's too early to talk about any injuries. however, our affiliate in oklahoma city says at least two schools were heavily damaged. as you can see there, an awful lot of the suburb flattened by those dangerous storms, unclear whether in those two schools that were heavily damaged whether there were any people inside. we'll have an update coming up in a few minutes. >> thanks so much. bertha coombs. >>> still to come, yahoo paying a hefty price for tumblr. was it worth it? >>> kathleen smith of renaissance capital tells us why the market

in our success, so that's been really helpful. >> reporter: for "nightly business report" i'm bertha coombs. >> complicated, challenging, tyler. they have to communicate what is going on. poll came out from kaiser saying half of americans don't know that the affordable care act is a law and they have to have insurance. >> picking the right splan tough enough before the law. >> complicated. a lot to learn yet. >>> still ahead, if content is king which media companies have an edge, old media or new? first, the international markets, most of them closed today. here is a look at the ones that were open. >>> facebook losing more faf with investors. reported earnings below analyst estimates and bounced up and down in reaction. sema moody at the nasdaq with results. >> came in at 1.$1.46 billion, slightly higher than the street estimate, but as you pointed out, earnings did meet -- earnings did miss street expectations by a penny, now, mobile was the key buzzword o analyst's minds. mobile ad revenue makes up half of ad revenue, compared to 23% it reported last quarter. and ceo mark zuckerberg, we

bertha coombs with more. >> reporter: the american society of clinical oncology annual meeting is one of the most important events in cancer research. where drug companies present the latest data on promising treatments for the deadliest cancers. that has made it a key meeting for investors. >> a dozen companies or so, having analyst meetings over the weekend, at which point they will also showcase their data. and that's a great time for investors and analysts to interact with management teams. >> reporter: the most highly anticipated data on treatments from three major drugmakers, bristol meyers squibb, roche, and merck. >> we have new classes of drugs, such as the immuno therapies, advancing the treatment of potentially a variety of cancers, specifically melanoma, but being evaluated in kidney, breast and lung cancers. >> reporter: the drugs target a protein in cancer cells that binds withceptor that calls td-1. that protein masks cancers from the immune system. the drugs block the protein, allowing the immune system to attack the cancer cells. >> in some patients, you could end up

here's cnbc's bertha coombs with more. hello, bertha. >> reporter: hello, larry. your heart goes out to the people of moore, oklahoma. the tornado ripping through the area this afternoon causing massive demonstration in that suburb of about 55 thoumt people. no official estimate yet on injuries or fatality, but the devastation is clear. the national weather service has given the twister a preliminary ef4 rating. that is the second highest rating. but back 14 years ago, this area suffered a category-5 tornado that was devastating and caused massive fatalitys and devastation. an elementary school you mentioned, plaza towers appears to have taken a direct hit in moore. tonight, the search continues for young children in that school. according to a.p., several children somebody pulled out of the rubble alive. the kfor reporter on the scene, lance west, said the search is under way for the youngest student. the students between the 4th and 6th grade managed to be evacuated. the obama organization reached out to the governor, janet napolitano calling mary fallon telling

bertha coombs has breaking news in an update in boston and the investigation there. bertha?re telling nbc news that the three roommates of dzhokhar tsarnaev are being charged with lying to federal investigators. according to officials, they say the three removed items from the dorm room belonging to tsarnaev but then denied it. tsarnaev a student at dartmouth and reportedly after the bombing he was at school talking to friends there. >> thank you, bertha coombs. >>> on "halftime," we go where the big money is in a segment we're calling fast funds. what are you seeing? >> well, eem, the emerging markets etf, that got some really fast money today. in fact, take a look at the 42.50 puts. it's 166,000, judge, over the past month. today they traded 260,000 of these puts alone. and they've jumped from 29 cents where they closed last night to 53 cents as this surge of buyers came in there. it was really just huge blocks. big institution, 99,000, 99,000, 40,000. those are big blocks, judge, somebody controlling millions and millions of shares for this etf and betting protection at t

really proficient it. >>> to bertha coombs. hi. josh talked about health care overall today.alth care and small caps. small caps at the nasdaq. health care in terms of biotechs up nearly 2%. take a look at some of the lead serious among the small-cap names. they've been moving up, a lot of talk about acquisitions have fueled this. but as much as they have done well, some of the big caps have started to catch up. sue, the big names are google, microsoft, cisco, no apple in that bunch. >> no, absolutely. thank you, baer that. >>> to the bond 345rk9, rick santelli tracking the action. we saw it go back up in rates. >> it's not the panacea, and at the end of may, beginning going back to about the third week in -- boiling point on 212. above about 209 what gave it a turbo charge? or 10:00 in consumer confidence number was off the charts. the problems, say some traders, there isn't a column for consumer confidence on your gdp reports. sue, back to you. >> thanks, rick. >>> rick, thank you very much. airlines moving mostly lower on news the obama administration has proposed raising

bertha coombs is live with that and how futures are trading this morning. how is it going? >> hey, good morning. futures are lower. we saw the dow yesterday give back all those gains from tuesday as worries surged again about the health of the global economy, folks eyeing a slowdown in china. stocks cut their losses in half by the close. this morning we'll look at data in terms of the growth of the economy in the u.s., we'll get first quarter gdp and as usual around 8:30 eastern unemployment, the weekly unemployment claims, also pending home sales. the dow falling 106 points on wednesday, we'll start the day at 15,302, the nasdaq starts at 46 after losing 21. >>> motorola is trying to get its cool back with a comeback in a new smartphone category. the company which is now owned by google says it's going to launch a high-end smartphone later this year called the moto x but the biggest cool factor may be the fact that it's made in the usa. it will be built at a plant outside of dallas which will employ 2,000 people. >>> and you may be old enough perhaps to remember when the m

. >>> let's get right to cnbc's bertha coombs for the latest on the tragic oklahoma toshrnado. good evening, bertha. >> a long road ahead. thankfully there haven't been any new mainly tornadoes today in oklahoma, but still tornado watches for five states in the region. the one that hit moore, oklahoma yesterday is now listed as an ef-5, meaning winds more than 200 miles per hour. that's the highest category. it destroyed everything in its path. the latest reports say 24 people now confirmed killed, including 9 children in that elementary school that was destroyed. switching gears now. saks could be for sale. the at the present time store chain has hired goldman sachs to explore strategic alternatives, including a sale of the company. and the stock was up 11% in the regular session because of strong earnings. it jumped another -- quite a bit after hours there, because of that news. >>> espn meantime is laying off 400 employees. it's a little more than 5% of its global work force. espn has been a cash cow for disney, which owns 80% of the cable and entertainment franchise. espn sa

. >>> now for an early look at business, cnbc's bertha coombs. good morning. >> good morning. apple ceo tim cook says he expects the iphone and ipad will be response bible for several more game-changing innovations. speaking at a tech conference tuesday night, cook didn't drop hints about any new products but says wearable devices could be the next big thing. >>> stock futures are looking lower this morning after wall street's rally yesterday. investors reacting to better than expected data on home prices and consumer confidence. the dow posting its record 20th straight gain on a tuesday. really a lucky streak for that one day lately. >>> and moms are making more money. a new study shows women with children are the primary breadwinner in 40% of u.s. households, up from 11% in 1960. while most are single mothers, the growing number are married, bringing in more income than their husbands. go, mom. back to you, dara. >> thank you so much, bertha. >>> other business news this morning, nike is cutting ties with livestrong after almost a decade as the foundation's largest corporate

for that we turn to cnbc's bertha coombs. >> good morning. markets could see red arrows today after the dow suffered its worst day in about a month on worries about the global slowing. meantime, motorola is launching a high-end smart phone later this year called the moto-x what makes it special? it's going to be made at a plant outside dallas, which will employ 2,000 people. and a palace is putting a portion of its famed wine seller on the auction block for the first time ever today. bidders will be able to get their hands on modestly priced bottles. some of the high-end estimates are over $3,000 a bottle. how could this $3,000 wine taste, i wonder? back to you. >> i wonder as well. i'll stick with the $20. thank you. also in business, warren buffett is on a spending spree again. this time his berkshire hathaway's energy unit is buying up an energy company for $5.6 billion. a chinese holding company snatching up the largest hog producer, america's smithfield foods for $4.7 billion. elan musk plans to triple super charging stations by the end

. >>> now for a look at our business headlines, we turn to cnbc's bertha coombs. good morning. >> good morning. rupert murdoch is meeting with investors node. news corp. will discuss the future of the media giant. the remaining publishing business which includes "the wall street journal" and "new york post" will keep the news corp. name. >>> disney is not the happiest place on earth. australia is. a new report finds the land down under is the happiest place to live. it ranks jobs and education. the u.s. came in sixth. >>> wall street looks to regain its footing amid comments by fed chairman ben bernanke about the bank's comic stimulus programs. investors get information on housing and consumer confidence. back to you. >> thanks, bertha. >>> now to some other business headlines. oil prices have fallen below $94 a barrel ahead of those data reports bertha mentioned. general electric says it's investing billions of dollars on fracking, oil and gas drilling. ge has spent about $15 billion over the past few years, buying up related companies and opening a new lab in ok

>>> now for an early look at business, we turn to cnbc's bertha coombs. good morning. >> good morning, richard. the markets could see some red arrows today after stocks rose on thursday. with one day left in may, the dow is set for its sixth straight winning month. >>> and mortgage rates are rising. freddie mac says the average rate on a 30-year loan hit 3.81%, up from 3.59% last week. mortgage rates track yields on the ten-year treasury note which hit a 13-month high this week. >>> new government data shows americans have regained less than half the wealth lost during the recession. household wealth plunged by nearly $17 trillion between late 2007 and early 2009. but richard, a lot of folks lost their homes and lost their jobs really had to dip into their savings and remain in the red. >> bertha, thank you so much with that. >>> more business for you now. discount retailer target will be adding a beauty korconcierge to stores. the new staffers will be, quote, highly trained, brand agnostic, beauty enthusiasts and available without an appointment. >>> mcd

bertha coombs, have a great weekend. i mentioned a charity effort in the past called the last mile developed by a venture capitalist to bring people to san quentin prison to teach inmates how to start their own companies and tech companies and there you can see horacio hart giving tips to visiting reporters and investors and he was just released from prison. he is going to sit down with me on sunday morning's press here. >> i studied with business books and financial books and preparing for the opportunity, and i believed when i got out i had to be self-employed because nobody would hire me, and i spent all of this time educating myself. >> we will have that interview after "meet the press" and talk, marla and laura, to the person who started the program and it is fascinating to find out what they did in prison and what is it like to get out of prison and all of the questions that you would ask, i ask. >> it was a delight yesterday to have him here as well. >> yes, we toured him around the newsroom and he is a man who ha

bertha coombs. >>> what could get this market up on the upswing tomorrow?treet's best have some thought for us next. stay with us. ♪ [ male announcer ] the first look is only the beginning. ♪ ♪ this is a stunning work of technology. ♪ this is the 2013 lexus es and the first-ever es hybrid. this is the pursuit of perfection. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> it's a focus on jobless claims and what the market does tomorrow, does the selloff continue? with 30 seconds on the clock, david molnar is here from hightower. david, over to you. thanks so much. >> thanks, ma yrimaria. we'll be watching the outcome of the european central bank meeting tomorrow. with economic growth rolling over again and inflating bleeding lower, the pressure is on to act. an interest rate cut is prob

. >> bertha coombs, nightly business report. >>> forbes magazine is out with the world's most powerful women. german chancellor angela merkel tops the list. third is melinda gates, the wife of bill gates and the co chair of their philanthropic foundation. other top business figures on the list include facebook's chief operating officer cheryl sandberg, followed by christine la guard and pepsico's ceo. youngest on the list was the singer, lady gaga, just 27 years old and coming in at number 45. >>> powerful people take home powerful paychecks it may be no surprise that american ceo's took home more money last year with the median pay up more than 6% to an average of nearly $10 million a year. even though a new associated press report on executive pay says there were fewer female ceo's at the nation's largest publicly held countries last year, those women made more than their male counterparts, over 11 million a year. >> and you're smiling? >> yes. >> the number of female ceo's seems to have ticked down just a little bit. >> these women are not in fashion, they're in technology and heads

for more on that and the rest of your news before the bell, we turn to bertha coombs.ood morning. >> good morning, laura. what's your favorite day of the week? >> friday. >> friday, right? we all love fridays. wall street for some reason seems to love tuesday of late. investors yesterday reacting to that better-than-expected data on home prices and consumer confidence sent the dow climbing 106 points to 15,409, a new record high. a new record for the dow as well when it comes to tuesdays. we have been up now for 20 straight tuesdays. nobody can exactly figure out why that's the day, but it is now. for the nasdaq it's ten up tuesdays in a row, adding 29 points to 3488. apple ceo tim cook says he expects the iphone and ipad will be responsible for several more game-changing innovations, he's just not saying which ones. speaking at a tech conference tuesday night, cook didn't drop any hints about any new products from apple but said wearable devices could be the next big thing. he also says he has a grand vision for television beyond the current apple tv device but didn't

bertha coombs. jamie dimon and jpmorgan came out of the financial looking pretty good.rs later, they are under siege, big-time. joining me now to talk about it is steven learner, a longtime labor and community organizer, formally with the service employees international union, who who works on wall street accountability claims. you are also the author of "last man standing," about jamie dimon. good to have you both with us. thanks for joining us. steven, why are people still so angry at the banks, years after the crisis? it just reiterates something i said yesterday in my observation, debt is way down, leverage is way down, capital is way up, compensation is way down. and yet, this constant attack and breakdown between the banks and society is worse than ever. >> well, it's worse than ever because conditions for regular people are worse than ever. foreclosures continue, just yesterday, jpmorgan was sued over its credit card collection practices. actually, the way i think maybe we should rename today's show from "closing bell" to scandal. the scandal of how the banking i

bertha coombs with the latest there. jpmorgan chairman and ceo jamie dimon remains under pressure. a lot going on in the financial services industry. up next, a former top lieutenant to dimon and jpmorgan just left to become the ceo of firstdata. we'll talk about that move with frank bisignano. that's next after this break. >>> and later, are you looking to book a seat with frequent flyer miles? good luck. phil lebeau with the best and worst redemption programs in the skies. stay with us. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. you get 5% back, on everything. everything. everything. everything. everything. everything. everything? [ all ] everything? yup! with the new staples rewards program you get 5% back on everything. everything? everything. [ male announcer ] the new staples rewards program. get free shipping and 5% back on everything your business needs. that was easy. [ laughter ] ♪ [ female announcer ] each

. >>> you to for a look at business we turn to berth bertha coombs. >> futures are pointing to a lowerart this morning. stocks rose on thursday on the back of positive housing data with one day left in may, the dow is set for its sixth straight winning mon. mortgage rates are rising. you probably know if you're looking for a new mortgage. freddie mac says the average rate on a loan hit 3.81%, up from 3.59% the prior week. mortgage rates track the yields on the ten-year treasury note which hit a 13-month high this week. >>> and new golf. data shows americans have regained less than half the wealth they lost during the recession. household wealth plunged by nearly $17 trillion between late 2007 and early 2009. even though home prices and stock prices have come back, a lot of people used up their savings and lost their homes. so they're still down in the red. >> good to keep that in mind. thank you very much. >>> in other business news, mcdonald's ceo don thompson reveals he lost about 20 pounds in the past year by working out, but he adds he still eats at the golden arches every day. >>>

and now for your first look at business, we turn to cnbc's bertha coombs. >> apple ceo tim cook not talkingbout jet packs, but says he expects the iphone and ipad will be responsible for several more game-changing innovations. speaking at a tech conference tuesday night, cook didn't drop any hints about any new products like an apple tv but says wearable devices could be the next big thing. >>> meantime, stock futures are lower this morning after wall street's rally yesterday. investors are reacting to better than expected data on home prices and consumer confidence. the dow posting its record 20th straight gain on a tuesday. don't know why tuesdays are lucky, but they have been. moms, meantime, are making more money. a new study shows mothers are the primary breadwinner in 40% of u.s. households, up from 11% in 1960. while most are single mothers, a growing number of them are married bringing in more income than their husbands. yep. leave it to mom. back to you. >> all right. thanks so much, bertha. >>> here's more business headlines for you. nike cutting ties with livestrong as the founda

here's cnbc's bertha coombs with more. hello, bertha. >> reporter: hello, larry. your heart goes out to the people of moore, oklahoma. the tornado ripping through the area this afternoon causing

i'm bertha coombs.n tw the boston marathon bombing. it's not clear how deep the connection run. the police did issue that statement via a tweet this morning. meantime, carl, in the house they have scheduled a hearing on may 9th on the homeland security issues involved in the bombing. among those invited to testify, massachusetts director herb schwartz. back to you. >> they did tweet that, berth thbertha, as you said and said details would be to follow. we'll have if this has anything to do with reports of female dna on the weapon. >> not much more at this point. they have questioned the surviving spouse of tamerlan tsarnaev, who has been staying with her parents. and they did apparently take some evidence when they talked with her, but not clear what connection there may be, if any. >> there continues to be a forensic investigation into the quality of the questioning, the investigations always the way back to a trip of russia that we talked about yet. of course the president saying he would look into th

let's turn to bertha coombs with more. good morning, bertha. >> good morning, scott. tuesdays are shaping up to be the best day on wall street. this morning, futures a touch lower. stocks rally yesterday. investors reacting to better than expect ed data. renewed speculation that the fed may be ready to pull back its stimulus as the economy improves, but at least the economy is improving it seems. dow climbing to 15,409. that was a new record high. a new record for the dow as well as far as its performance on tuesdays. we're up 20 straight tuesdays on the dow, 10 straight tuesdays for the nasdaq, adding 29 points to 3488. scott, back to you. >> bertha, thank you. >>> 5:13 right now. video out of spain this morning of the booking of some of the executives behind that online international bank called liberty reserve. police in several countries, including the u.s., say liberty reserve was responsible for the laundering of billions of dollars with 200,000 customers in the united states alone. the general idea was you would deposit american dollars on the american end. som

. >>> let's check the markets, bertha coombs is live at cnbc world headquarters. good morning, bertha. >> good morning, scott. you know how the markets love tuesdays these days. they didn't love wednesday. the dow giving back all of those gains and we're looking at a lower start at this hour, we'll get an awful lot of data, just in about 15 minutes or so we'll get a read on first quarter gdp, growth in the first three months of the year, the economic growth here in the u.s. also the weekly unemployment we get thursday and pending home sales so that could temper the outlook for this morning but the dow will start at 15,30, after falling 106 points on wednesday. the nasdaq losing 21 points to 3467. you know something else elon musk talked about last night, scott, he says he wants to take spacex and create travel to mars. the funny thing you can get to mars, the problem is getting back. >> that's the bigger thing to solve, no place to raise your kids, thank you very much. >>> elon muss something all over the place. i don't think this got enough attention it says a sig

gold continuing to decline and bertha coombs is at the nymex with more. bertha? >> energy in particular today, very curious, kelly. we had the eia numbers, the inventory numbers showed a decline in terms of crude supplies, there had been an expectation for a slight build, but we saw a big build when it came to gasoline. last week, refiners produced more gasoline and there was really no demand for it, but that does put us in a good position as we head towards memorial day. we are 12 cents below where prices were this time last year and right on par where they were for memorial day. the beginning of the summer shouldn't eat into people's pockets too much more, at least when it comes to the gas pump. we saw some covering here until afternoon, prices did recover. nat gas moving higher ahead of tomorrow's report, a build of 97 billion cubic feet and they're starting to look ahead to hurricane season. accuweather forecasting a very active season this year. >> again. >> yes. >> when was the last time they said, it will be a quiet season? >> it's been a while. but it has

. >>> wall street and bertha coombs are back after a three-day weekend. she joins us at cnbc headquarters. good morning. >>> pretty soggy here. that made it all the better for all those people that gorged on arrested development on netflix. futures higher. markets snapped. a four-week winning streak last week after fed chairman, ben bernanke hinted that the chairman may be looking at starting to pull back. today, we are going to get data on home prices and consumer confidence. we have gotten earnings from tiffany's well ahead of expectations. the dow edging up eight points on friday. we will start date at 15,303. the nasdaq slipping a fraction, starts today at 3459. back to you. >>> bertha mentioned online video, yahoo! has been bidding for the online tv service, hulu. the website, all things digital, which covers yahoo! more than any other company says yahoo! is willing to pay $800 million. hulu, a joint project between several tv networks, runs hundreds of television shows. hulu makes money. that's one positive. another is it would give yahoo! another o

. >>> i'm bertha coombs. a banner day on wall street.ow closing up 142 points at a historic high after briefly trading above 15,000, the s&p also hitting one for the record books today, finishing above 1600 and the nasdaq adding 38 points. the catalyst for today's gains, jobs. employers adding 165,000 positions to payrolls in april. more than expected. the unemployment rate unexpectedly falling to 7.5%. a four-year low. that's it from cnbc. we're first in business word wide. now back to chris and "hardball." >>> as pressure mounts for a worldwide response to the bloodshed in syria, there's renewed focus on the rebels there. "the new york times" reported over the weekend that many of the rebel groups are aligned with al-qaeda or islamists. richard engel interviewed a key player in the rebel military leader the white house is counting on to defeat the assad regime and prevail. leets watch. >> the regime used chemical weapons more than four times against civilians. >> president obama has talked about red lines. do you think assad has crosse

seemedunaware of the concern when our bertha coombs saw him at a press con trens this morning. >> doviolation of users trust for bloomberg reporters it shall. >> i don't know what you're talking about. you have to talk to the company. i can't discuss this. >> it was under your watch it began. >> thank you very much for you're generous question. thank you, all. >> i guess that's one alternative to no comment, maria. >> thanks a lot, kayla. of course, it was fwoing going up. the bloomberg snooping incident is raising the debate once again over expectations of privacy in this electronic world. it seems in today's online world it is more of a quaint idea than an expectation. tom gorman of dorsey and whitney says the lack of privacy is the price we pay for living in the digital age. ron gefner says if you're paying for technology you should expect to have some privacy. they are former s.e.c. attorneys who used the bloomberg terminal when they worked for the agency. good to see you, gentlemen. thanks for joining us. tom, in the wake of the bloomberg breach you say we shouldn't expect to ha

bertha coombs has an earnings alert. >> urban outfitters out with results on the bottom line. they actually beat coming in with 32 cents a share. the expectation had been for 29 cents a share. but revenues were light on the topside. one of the areas that they said they had strength was in their direct to consumer, their online sales. those were up. but the comps with up about 9%. the street looking for a little bit more. they also said some of that better margins on that were offset by delivery expenses. you always have to watch out for those. >> thank you so much. >>> up next, the firm manages more money than the federal reserve. how about that? blackrock's president rob kapito is with me. he just rang the closing bell. he's making his way to the set and he'll be here exclusively. >>> the next 24 hours could shape the future of jpmorgan as well as the global banking system. how the jpmorgan shareholder vote could be the tip of the iceberg on what will be the new normal for banks. that and a lot more coming up on "closing bell." stay with us. ♪ ♪ here we are, me and you ♪ on t

. >>> i'm bertha coombs with cnbc market wrap. volatile day for stocks ends with modest losses.ng 12 points. s&p finishing down 4. nasdaq 3. >>> hewlett-packard shares soaring 17%. >>> meantime, jobless claims plunge by 23,000 last week. that was more than economists expected. >>> and an upbeat report on the housing market. sales of new homes rose 2.3% last month. that, too, was better than expected. that's it from cnbc. we're first in business worldwide. now back to "hardball." >>> we're back. after mitt romney's loss last november, republicans regrouped, of course. they reassessed and renewed a pledge to broaden their tent, make it bigger and encourage more americans to become republicans. well, a party autopsy report out this spring found, "our candidates and office holders need to do a better job talking in normal, people-oriented terms and we need to go to communities where republicans to not normally go to to listen and make our case." virginia didn't seem to get that memo. not only is their republican candidate candidate for governor kuch cuccinelli, a darling, but bishop

. >>> first, bertha coombs has a cnbc market wrap. >> we have a rally ahead of tomorrow's pral jobs reportw jones industrial average up 130 points. s&p 500 gaining 14. the nasdaq was up 41 points. >>> strong earnings from facebook and visa, also better than expected weekly unemployment report. first-time claims last week fell to a five-year low. >>> warren buffett is tweeting, it's official. he now has 150,000 followers in his first eight hours. not quite lady gaga numbers but certainly not bad. that's it from cnbc. we're first in business worldwide. martin, we'll be back right after the break. switch your car insurance to geico and we could help you save on boat and motorcycle insurance too. other insurance companies are green with envy. oh, no, no, no...i'm sorry, but this is all wrong? i would never say that. writer: well what would you say? gecko: well i'd probably emphasize the savings. ya know...lose that green with envy bit. rubbish. it's just a reference about my complexion. writer: but the focus groups thought that the... gecko: focus groups. geico doesn't use focus groups. uhh...

. >>> i'm bertha coombs with your cnbc market wrap. the dow falls 26 points.hes flat. the nasdaq which touched a 12-year high earlier. >>> worgt to the "wall street journal" the fed is looking to end its $85 billion a month bond buying program. >>> on the economic front, retail sales rose unexpectedly 0.1% last month, excluding gas and auto, sales were actually up 0.5%. that's it from cnbc. we're first in business worldwide. now back to "hardball." >>> welcome back to "hardball." after days of taking ove new disclosures on benghazi, the president pushed back hard today. he ridiculed the idea there was a cover-up coming from his administration. he called it a political circus, accused his critics of playing political games and insists there was no there-there. on friday we learned the cia talking points went through 12 rounds of changes with the heavier than usual previously thought involvement of the state doe apartment and the white house. that it was outlined in a series of e-mails. here's what the president had to say about it all today. >> the whole issue

. >>> i'm bertha coombs with your cnbc market wrap.s surging thanks to better than expected jobless numbers, at a rate cut from the yearen central bank. dow jumping 130 points. s&p adding 14. the nasdaq saw a 41-point gain. >>> filings were weekly unemployment benefits fell by 18,000 to their lowest level since january of 2008. >>> meantime, a separate report found planned layoffs dropped to the low ef level of the year last month. reports come one day before the all-important april jobs data from the labor department. that's it from cnbc. we're first in business worldwide. now back to "hardball." >>> we're challenged. sequester is hurting. sequester is hurting in a big, big way. we serve over a million meals a day. these aren't the people that can go out and shout in the streets and make sure that the folks up on capitol hill know what's going on. now you're truly shut in. >> welcome back to "hardball." last minight way brought you chairman of the board of directors for the meals on wheels association of america to explain the toll, t

bertha coombs is at the nasdaq with a tech check for us. bertha?h straight up tuesday. tech leading the way. interestingly, idc today with some mixed news when it comes to hardware. they expect that tablets are going to surpass pc shipments this year. they're going to be up 59%, they think. interestingly, apple, one of the biggest tablet makers around, still not playing in this rally. microsoft, though, not so great in tablets. but rich herland over at omorea says this year you could see some activist shareholders and he's also raising the price target, up about 35% year-to-date. netflix, couch potato. a lot of folks may have downloaded "arrested development" over the weekend, but we don't know how many. >> all right, thanks so much. bertha, thank you. >>> the mysterious death of a prominent private wealth manager in texas is sending shock waves through the investment community today in the lone star state. kayla tausche with the story. >> after a month after invesco's atlantic trust inked a deal, one of its star money managers was found dead. mark

bertha coombs is at the nymex with those details. >> interesting today, because we did have the dollarhat did float some commodities, just into positive territory, but not gold, down for the sixth straight day, and certainly fund selling continues to put pressure on sentiment when it comes to the pressure metal. we saw soros, northern trust and others get out of their positions, although paulson held on. we did see a couple of o funds, ubs and jpmorgan actually buying into the gld. and what's interesting, the world gold council also saying in the first quarter, we saw more interest in fiscal demand in china and in india, both of them up about 25% or so in the first quarter. and kelly, if they liked it above 1,400, they may be buying those ingots here at 1335. >> we saw that in hong kong and macau. the jewelry stores were absolutely packed. some of the most famous investors are split on whether gold is a good in-depth right now. josh lipton has the details on that one. >> heavyweight money managers in their 13-f filings telling us what they're buying and selling when it comes to the met

bertha coombs is joining us in the united states. e an issue. >> it's one of those things where, you know, it's all coming in and it's all being generated. and until now, we haven't necessarily been able to utilize it in the best way. so if you take big data, that's the ability to harness these huge amounts of information. some of it is not even coded. so it's kind of unscripted. sift out patterns and trends from it, it's a powerful tool. and ibm is now lending doctors a hand with the help on of a game-show winning computer in the fight against cancer. >> how are you doing? >> so many cancers we don't have a good result in today. not enough people are cured. people are hurt by our therapies. and we've got to find a better way. >> mark chris is chief of thoracic oncology. >> there are some predrug regimens that contain a targeting agent. >> oncologists have been working with ibm to turn watson, the cognitive computer famous for wing at jeopardy into a tool to help doctors provide the best cancer treatment options for patients. >> they

bertha coombs is at the cnbc headquarters with the latest news from the conference. project especially, bertha. >> you're going to have to wait for that. we're going to start off with motorola. motorola looked like a mon shoot who they first came out with the razors some 10, 12 years ago. they're trying to get back into the market and compete with the likes of apple, samsung and others. the company, which was bought by google last year will launch a new high end smartphone called the motox later this year. last night, motorola's ceo says it's going to be made in the usa. at a plant near dallas that will employ 2,000 workers by august. dennis woodside wouldn't give away too many details, but he says the moto x will power down certain features when they're not needed in order to save power. >> imagine when you're in the car, the device will know whether it's on or off, it's traveling at 6 of 0 miles per hour, it's going to act differently so you can interact with it safely. so those are the kinds of things that we're doing with fundamental technology. and we think it's

bertha coombs is live from cnbc headquarters with more on the story. >> reporter: hi, karen, good morninga new payment format where hospitals are now being performed more for outcomes of their patients, and they are looking to technology to make a difference. >> hannah, get up. i've got two kids. they're always scared every time i go to the hospital. >> reporter: rachel has been in and out of hospitals for years. >> i kept asking them, you know, can you find out what's wrong with me? >> reporter: suffering from osteoarthritis, high blood sugar and liver disease, no one seemed to be able to help her get a handle on it all. >> i thought, you know, there's no doctors that care about patients anymore. >> reporter: six months ago, that changed. >> hey, rachel! >> reporter: at cincinnati's mercy health. >> i know i'm not just another number in their office. they actually do care about me. >> reporter: they do. mercy health is a designated accountable care organization, or aco. under the obama health reform act, medicare now pays acos higher rates for improving patients' health and avoiding cost

bertha coombs has the details. >> it is a mixed report, simon.24,000. that was a surprise. the expectation was for a build of about 1 million barrels which is what we saw from the industry, but the big surprise is on the gasoline and in terms of the gasoline, they are reporting here a 2.6 million barrel build and the expectation was for a draw down there in the neighborhood of about 1 million barrels or so, and that right now is certainly sending gasoline much lower and that is leading the complex lower and we are seeing crude oil holding at around the lows of the session. as far as cushing, oklahoma, we continue to see a build there as we continue to see production increase there in terms of shale production on land. we saw 757,000 barrel builds in curbing, oklahoma. the delivery point for nymex crude. >> a lot of red on the screen. bertha, thank you. >> up next on the program, the man who says apple shares could half in value. he'll explain why after the break. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter