. >>> and i'm bill griffith in for tyler mathisen. we begin with huge news for apple which just released the second quarter earnings, now announcing plans to buy back shares, raising the dividends by 8%. and then the surprise, a 7 for 1 stock slip which would make shares about $7 apiece. apple beat wall street estimates by taking in $11.62 a share, with profits up 7%, revenues also beat on sales of iphone, but sales of ipad tablets were below forecast. shares were halted in late trade on apple pending release, but when they opened after the close shares initially soared by about 7%, josh lipton joins us outside headquarters in cupertino, california, and also spoke to ceo tim cook earlier today. josh? >> reporter: yes, here in cupertino, california, i did get the chance to speak to ceo tim cook this afternoon just to run through the numbers, apple reporting, certainly pleasing investors 43.7 million iphones. that was more than the street was looking for and tim cook told me it was really broad based there, good sales, strong demand he

i'm bill griffith. >> i'm susie gharib. topping our news tonight, a nasty selloff on wall street today. the selling came despite a strong jobs report from march that initially sent stocks higher, even pushing the dow and the s&p to record high levels. but then investors began to sell so-called momentum stocks, companies that had been some of the sharpest and fastest price gains over the past year. big name technology giants, biotech companies, internet and social networking darlings, all of them suffering from big drops. the dow fell triple digits down 160 points. but the nasdaq was the hardest hit, losing 110 points. that's a drop of more than 2.5%. and the s&p lost almost 24 points. sheila dharmarajan watched the market drama from the nasdaq exchange and explains what's worrying investors. >> reporter: the selloff was broad-based as 97% of the nasdaq 100 finished the day in the red. amongst the big losers, biotech stocks. the big run up we have seen in those names losing favor this year. the nasdaq biotech index was down

. >> i'm bill griffith.ns we're looking at, but don't count this in the win column just yet because we've had a lot of volatility lately, especially in this last hour, so we'll keep an eye on this. could go either direction, and what we've had rather positive news today, janet yellen's rather dovish speech earlier and the beige book was rather constructive as well. >> a huge day for

. >> and i'm scott wapner in for bill griffith today. the stock market hearts the fed.omeback from the recent selloff after the fed minutes were released about an hour ago. don't fight the fed, i don't know. >> we had to declare what we were fighting, right? this was the fed meeting where afterwards janet yellen came out and when pressed

. >> i'm bill griffith, by the way, the dow is holding u

and i'm bill griffith where we're seeing another ugly day for the bulls on wall street.nasdaq is in jeopardy of posting its biggest three-day decline going all the way back to november of 2011. the technology decline has been pretty savage for those stocks, biotech as well. >> that's right. >> but the defensive plays are the ones doing well right now. here's where we stand.

i'm bill griffith. watching a market with mostly green arrows. dow, all it needs is a gain of 128 points to close at a new all-time closing high, something we haven't seen yet this

i'm bill griffith today at cnbc headquarters. >> i'm michelle caruso-cabrera here at the new york stock exchange where the winning streak in stocks is on the line. right now negative territory. dow jones industrial average is lower by about ten points and the s&p 500 is down roughly four points. >> not a lot of volatility. a lackluster day after yesterday's late selloff, when we pulled back from what could have been an all-time high so we'll see what we can do in the last hour. art cashin feels like if we don't get past those highs soon we could see a meaningful selloff. >> wonder if we're not waiting for facebook and apple to kind of give some juice to some areas where people have concerns. >> exactly. >> they will definitely have an impact on the market. plus, we're almost waiting, awaiting billionaire investor warren buffett to sit down live with our becky quick in new york city. this will be his first public comments about activist investor david win theers who has been critical of mr. buffet and coca-cola over executive compensation issues so stay tuned for that first on cnbc inter

and i'm bill griffith where we're seeing another ugly day for the bulls on wall street. in fact, the nasdaq is in jeopardy of posting its biggest three-day decline going all the way back to november of 2011. the technology decline has been pretty savage for those stocks, biotech as well. >> that's right. >> but the defensive plays are the ones doing well right now. here's where we stand. the dow is down 123, was down 160 points at the low of the session, and that was within the last hour or so. the s&p down 16 and the nasdaq down 46 there. >> a lot of people watching the ten-year treasury yield as well, looking to that as they have for weeks now. >> right. >> kind of a broader reflected gauge of where we stand in the economy, where is this all headed and to what extent, if you look at the performance of these markets since the federal reserve meeting over the last eight sessions or so, that's really where you've seen the rotation from growth into value. how much does it have to do with the tapering and tightening if you want to call it that. >> a day that when they sell

i'm bill griffith today at cnbc headquarters. >> i'm michelle caruso-cabrera here at the new york stocke where the winning streak in stocks is on the line. right now negative territory. dow jones industrial average is lower by about ten points and the s&p 500 is down roughly four points. >> not a lot of volatility. a lackluster day after yesterday's late selloff, when we pulled back from what could have been an all-time high so we'll see what we can do in the last hour. art cashin feels like if we

i'm bill griffith. >> i'm susie gharib.ping our news tonight, a nasty selloff on wall street today. the selling came despite a ng

i'm tyler matheson in for bill griffith.g bell will be rung right here on the floor of the cnbc newsroom which will be filling up for the full hour, nearly everyone, hundreds of people who work for our

. >> i'm bill griffith. the dow still chasing its all-time closing high.e thought we had one yesterday. there was a little bit of late selling. we still do not have a new all-time high for the dow in 2014. >> yeah, we probably would have had it this morning as well. we were above the 16,600 mark. now we're negative. >> even if we were to make an all-time high today, my dear friend ron will be here to throw cold water

i'm bill griffith. >> i'm susie gharib.ng our news tonight, a nasty selloff on wall street today. the selling came despite a strongs

. >> i'm bill griffith, by the way, the dow is holding up better than the other major averages. once again it's the nasdaq that's dragging the market lower, the so-called momentum stocks that saw so much selling in february. seeing it again. the amazons, the netflixes, the pandoras, tes larks you name it. they are heading lower today. >> yeah. the question still becomes is there something bigger going on here, or is it just about the individual stories? speaking of which, after the bell, it may be the battleground stock, creating more disagreements among investors than almost any over. talking about herbalife, reporting earnings after the bell. results and analysis when it hits. shares today up 2.5%. >> and the heat being turned up on los angeles clippers owner donald sterling. several sponsors now have dropped his team after alleged racist comments were made public this weekend. will he be forced to sell the franchise eventually? we'll be speaking exclusively to legendary attorney bob bennett. one of the great power players in washington history. he represented president clinto

. >> i'm bill griffith. the third day of gains we're looking at, but don't count this in the win column just yet because we've had a lot of volatility lately, especially in this last hour, so we'll keep an eye on this. could go either direction, and what we've had rather positive news today, janet yellen's rather dovish speech earlier and the beige book was rather constructive as well. >> a huge day for earnings after the bell. google, ibm, american express all reporting, and all could be big market-moving events. information first. top analysis. stay tuned because when the bell rings then the real action may just be starting >> exactly. more after the bell news today called babe weibo. will weibo disappoint? we'll take a closer look. this is the canary in the coal mine stock to see how that sector is doing in the market. >> absolutely. here ewhere we stand. dow up 140 point to about 16,400. meanwhile, the nasdaq, up almost 1% or 38 points to 4072. pretty big pop off of the lows of the session. the s&p 500 b

i'm tyler matheson in for bill griffith. the actual closing bell will be rung right here on the floor of the cnbc newsroom which will be filling up for the full hour, nearly everyone, hundreds of people who work for our network. we won't time lapse it. will show it to you in realistic as it all developments as part of the cnbc 25 celebration, and we have a very special broadcast just ahead. >> yes, including an interview with one of the first cnbc 25. former federal reserve chairman alan greenspan joins us exclusively. we're going to talk about his biggest achievements and his biggest regret over the last quarter century. when we ask him we'll speak with him in just a moment. >> and we'll find out this hour if the dow can make a new all-time closing high, possibly a fitting touch on this special day. the dow only needs to gain about 41 points to close at a record which was set on december 31st of 16,576. well, actually right now. >> yeah, sitting a little above it. >> actually above. there we go. we'll tracking that closely

. >> i'm bill griffith. the dow still chasing its all-time closing high. we thought we had one yesterday. there was a little bit of late selling. we still do not have a new all-time high for the dow in 2014. >> yeah, we probably would have had it this morning as well. we were above the 16,600 mark. now we're negative. >> even if we were to make an all-time high today, my dear friend ron will be here to throw cold water on that notion. he says we could see a 20% move lower in stocks. his view that he wrote about on cnbc.com has caught fire with readers. now he'll be here to make his cl case exclusively. >> now coca-cola defending itself on the program. david winters will be here this hour to respond to what coke is saying earlier this morning. this is a battle that's now escalating. you won't want to miss the latest chapter. again, that's an exclusive interview coming up. >> all about compensation and governance. of course, tomorrow all eyes will be on the employment report for the month of march. but what if we told you the key to america's jobs market res

. >> well, the transparency here, i'm sure there are a lot of car owners at this point who bill griffithould only cost me $1 or $10 to fix or upgrade a switch, maybe i'd throw that in the next time i go and get the car inspected. why not empower the consumer to some extent to make these choices by giving them the full information. >> that is the case for consumer choice and informed consumer. i've been fighting this battle on various fronts for more than 20 years, but here's a classic example of it, and i'll tell you another point that ought to be raised right now. for the cars that are defective, whether it's cobalt, saturns or any of the other models, are the new ignition switches reaching the dealers so they can replace the defective ones in these cars right now? >> yeah. >> that's an open question. >> dealers right now who are saying they are a critical part of the way we buy and sell cars in this country with regard to tesla seem to also have been asleep at switch, the extent to which they were aware of the situation is up for debate, but it's now clear from the documents that mary

. >> and i'm scott wapner in for bill griffith today. the stock market hearts the fed. a roaring comeback from the recent selloff after the fed minutes were released about an hour ago. don't fight the fed, i don't know. >> we had to declare what we were fighting, right? this was the fed meeting where afterwards janet yellen came out and when pressed on the language between the time they would end new purchases of bonds and start to perhaps raise interest rates said a considerable period of time might be something like six months and what people wanted to know is a reflective discussion that the fed had, and it looks like not necessarily. >> janet yellen gave a week or so ago what some people describe as the most dovish speech by a fed chair possibly ever. >> right. >> so it took maybe a little bit longer for the message to get through to the markets. we'll see how long this lasts, but it's a pretty decent reaction to the stock market. >> and to your point she had already walked back in laying the framework for why the unemployment situation in this country is still weak

i'm bill griffith. watching a market with mostly green arrows. in fact the dow, all it needs is a gain of 128 points to close at a new all-time closing high, something we haven't seen yet this year, and we're within a gain of 100 points, only need another 28 points. >> that's right. >> and only need a 21-point gain for the s&p to do the same thing. >> more points than that this hour yesterday. we'll keep a close eye on markets here. got to watch that nasdaq what art cashin was saying if he were standing here. that may tell you what direction we're getting. >> a big couple hours. an hour from now the mega earnings parade continues with two heavyweights. tonight we get twitter and ebay. a lot on the line for both of these companies. we have their results first with the best analysis including the instant reaction from twitter's largest single individual shareholder. that should be very interesting coming up. >> and this story people are following. they are talking about it. pretty extraordinary. just in the last hour, an outraged nba commissioner h

the list of previous recipients include andy griffith, yogi bear remarks bill clinton and hulk hogan.on the same list as hulk hogan," he tells the company. >>> shawn parker is making a new part in politics. until now he has given mostly to democrats. >>> it looks like the bible won't be the official state book of louisiana as some had hoped. republican congressman thomas carmody told the statehouses going to shelf the measure at least for now. >>> could splurging be the key to life? well, first lady michelle obama thinks so. according to the associated press she told a group of child reporters "how would you appreciate vegetables if you never had chocolate? you couldn't live without a little chocolate, a little french fries" and former president george h.w. bush is offering supporters to join in on his guilty pleasure, socks. yes, a new fund-raiser features rn krch rnc striped socks signed by the prez himself. >>> on late night with seth meyers, john mccain talked about his decision to come on "saturday night live" three days before the 2008 election. he says it was a chance to reach