significant contributions to television in chicago area over 25 years or more joins other wgn legends bob bellrs present and past at the website wgntv.com. coming up we now know big dance performance at taste of chicago. later in sports tied again by cox coyotes united center update. [ bell dings ] when it comes to home insurance, surprises can be a little scary. and a little costly. that's why the best agents present their clients with a lot of options. because when it comes to what's covered and what's not, nobody likes surprises. [ click ] [ chuckles ] we totally thought -- [ all scream ] obscure space junk falling from the sky? we cover that. moving on. aah, aah, aah, aah. [ male announcer ] we are insurance. ♪ we are farmers ♪ ♪ bum, ba-da-bum, bum, bum, bum ♪ whehs [ water ] hey, it's me water. does this faucet make me look fat? probably because of the lead i can pick up in your pipes. luckily, pur water filters remove 99% of lead. ahh, now i can fit into my skinny glass. hello.so when popular pet food co. and wal-mart said his dog died purchasing dog treats made by nestle purina at loca

he joins other wgn legends bob bell, ray raynor, and roy brown for the honor. you can learn more about the winners present and past at our website, wgntv.com. we will be right back with the weather forecast my son just sent me a text message telling me he was on his way to wrigley field ... i hope he stays dry and warm ... the good news is is that the rain is moving out ... there is still a bit of a misty drizzle along the lakefront is probably not heavy enough to cancel that camegame... things will improve as the weekend it moves forward ... we may get a bit warmer. there may be some sunbreaks later today. there is some vest over at wrigley field but the crowd is showing up it is called out there 45 degrees at o'hare 44 degrees at midway. it feels like it is in the 30's with the wind chill factor and the wind is strong along the lakefront 20 mi. per hour. the numbers will not improve much today. it is in the '70s in cincinnati and toward the east coast but that's not happening here we will get more cooler air this weekend but it is looking better it will be as

in the "closing bell" exchange, bob pisani, steve liesman -- >> look at simon's face. >> and we're going to start with simon. a took a frenchman at the ecb to begin this rally when he suggested the obvious, the ecb could buy bonds. >> was it obvious? the last time marrow was up at the ecb news conference, he was suggesting that the recent fallout that we had on spanish yields had more to do with what the politicians were doing and benoit said the politicians were doing the right thing and the market wasn't really understanding that. in other words, there was a market inefficiency. the sort of inefficiency for which the ecb may have to blow through and buy spanish bonds again. that was enough for people to feel -- look, we don't have to wait. spanish growth or spanish austerity, there is in addition to whatever firewall we could put up there, there is always the prospect that the ecb could buy bonds. they were up there yesterday and, guys, as you know, they came back down and quite a solid rally on the european banks today although to a certain extent they did sell into that. >> and that

let's survey the situation in today's "closing bell" situation. bob pisani is here at the new york stock exchange and simon hobbs. i'll break earnings season down in two parts. preapple, post apple. since apple reported up 2%, it's taken a while for the market to pay attention are we going to get an earnings rally now? >> i would say in the last two days it's very clear that since mr. bernanke spoke, the market has been moving up. gold rallied on the news immediately at 8:30. the stock market dropped and rallied back. it's strange, scott. next week, watch what happens. nonfarm payrolls is going to be out. we get 170,000 on expectations, or 165. if we get a great number, 250,000 on nonfarm payrolls. little reaction in the stock market. wouldn't that be disappointing? >> yes. >> my question is, why do we get a great number? where are you getting this job creation? >> i'm not going to discuss that. let's say we get a great number we should be up. right? >> it should be flat. >> people think that qe 3 moves further. that's what i'm saying. these prospects

bell. we have bob here at the new york stock exchange. kelly evans stuck around at hk. bob, very strange day. a lot of the typical inner relationships are not working today. >> you would think we were down today by all of the worries out there. my heavens, the anxiety is so high. we moved up in the middle of the day because the dollar weakened, euro strengthened. that helped us. but take a look the at nonconfirmations. there's been anxieties out there for a long time. first the transports didn't confirm the industrials moving up in february. that's one source of anxiety. then the russell 2000 hasn't been working the last couple of weeks. then today, as michelle pointed out, nasdaq is underperforming. can i say, nasdaq is underperforming not just because of apple, but google is having a bad day as well. there are three anxieties people are bringing up. take a look at apple. apple is down today. would you think there was some kind of massive tech sell-off and there is not. if you look outside of apple and look outside of google, put up the charts. you will see, ibm is on

in today's closing bell exchange, bob along with scott and myself and jonathan, managing partner with meridian managing partners mp jeffrey grossman president of brg brokerage and with all of the action in chicago, jeff killburg with treasury curve.com. gentlemen, thanks so much for joining us. bob, let's talk french elections and earnings. what is the market looking at here in we know that sarkozy lost the first round and we are waiting to see the result of the second round. >> i don't think there is a problem with the emphasis on growth because holland, the socialist candidates said i want more growth. i don't think anybody has a problem with more growth. i think the problem is they will emphasize stimulus and things. he want it renegotiate mandate for the ecb. remember, bhan date is just inflation. between the change it to the federal reserve here. inflation as well as concern for the economy and for the people in europe, that the back door for more endless stimulus from the ecb. i think that's what got people concerned. >> you got to believe that if trance goes socialist, that's n

bell." i'm michelle caruso-cabrera. i'm in for maria bartiromo. >> and i'm bob pisani. the nasdaq dropped in negative terry. we're still up. not far from the lows of the day. nasdaq just hit the lows of the day. we were at 3030 earlier. >> yes, we were. >> we just moved into negative territory. also near the lows of the day, still on the upside. michelle? >> once again, you see how dominant apple is. let's take a look at the stand out stocks in today's session. bank of america is bucking the trend down nearly 5% right now. the stock is getting hit after analysts downgraded the stock to a sell from underperform earlier today. remember, it's a dow component. apple is weighing on technology and near the session lows. stock is now off 10% off the high of 644, back since april 10th and the worst weeks since july 2010. the s&p are back on weekly gains. only technology stocks are negative for the week. >> as we look at the next week, what can the market expect? ron insauna and what's your sense of where we are here after several months of generally great economic news, it's been choppy in the last couple of weeks.

one company i'm waiting for after the bell is talbman. maria? >> bob, thank you so much. we're waiting on amazon as the company is ready to report first quarter numbers. starbucks is 40 cents a share. i'm just getting it right now. the estimates called for starbucks to report a profit of 39 cents a share. starbucks is coming out with 40 cents a share profit. this is the second quarter for starbucks. the estimate for revenue was $3.18 billion and the revenue number is $3.2 billion for starbucks. so here you have the actual second quarter numbers for starbucks. once again, $3.2 billion in revenue versus an estimate of 3.18 billion and 40 cents a share versus an estimate of 39 cents a share. the stock immediately trades down on the numbers, as you can see there. on the phone breaking down the quarter is the company's chief financial officer, troy alstead. thank you for being on the program. can you characterize the last three months? >> thank, maria. this was the strongest second fiscal quarter in the history of the company. a record for revenues, for operating income, recor

bell." i'm michelle caruso-cabrera. bob pisani will join me in just a bit. thanks to solid earnings due to general electric whether the stock is cheap. >> and here's how we look at the dow jones well off the highs. and we came not just down on apple, the s&p did end the day and week in positive territory. >> let's talk about the highlights of the week. you're in the anchor chair today because bill is off. you watch the markets. i'm going to disagree with you. i want to blame it all on apple. >> it's more wobbly on apple. i can tell you the minute apple started trading over 30 million shares, that was six or seven trading sessions. trading 22, 2 4r4. earnings have been strong. retail sales were good. the ipo action was good. i see positives out there. i'm not worried apple. the housing starts were a disappointment and i know everybody wants to blame bank of america, but there's not a lot of loan growth that is out there. there are separate issues that concern me a little bit. i'm worried about the fact that we have a couple weeks of very choppy economic stori

bob? >> 48 minutes to go before the "closing bell." off of the highs today, being led by at&t, good earnings, 3m as well. >>> apple getting ready to report earnings tonight. we are watching the stock. we are looking at whether or not you want to buy this beaten down name down several days. nine out of 11 days down on apple. >> 10 out of 11. >> 10 out of 11 today, we will breakdown the anticipation and the stock ahead of the results coming up. >>> strong sales in china, latest quarterly profit is lew. we'll ask him next in an exclusive interview. >>> and then after the bell, intel predicting a strong half of the year. the ceo sits down with me to explain what drives growth. that's at 4:00 p.m. eastern. >>> as you can see, more green than red. you're watching cnbc, first in business worldwide. with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rod

bell" exchange. gary kominski and bob pisani and rick santelli. first let me get your take on the reaction from the markets, rick. >> well, you know, there were two reactions on the statement and i think the reaction of higher rates on the action is apparent. there's no mention of any more extension of the twister qe and another bit of a selloff when the original forecasts were released because of his horizon for the unemployment rate falling below 8%. rates are where they were four or five hours ago. >> he said that labor market conditions and unemployment rate has declined but remains elevated and i think that's probably the crux of the issue. we're seeing a recovery but it's not necessarily fast and not -- or certainly not strong enough as people would like to see right now. >> yeah. and the problem that i have with the stock market is that it was evidence of the silly addiction that the quantitative easing has. we have the forecast out. they raised the growth estimate and unemployment estimates and in general this is signs of somewhat improvin

all on one side of the bar bell. bob30 points on the dow away from a four-year high with a lousy, frankly, let's call it that, gdp number. that's a big, big dividing line. and the bears have got a lot more ammunition right now. but you would neve know that. our markets, 5-4, advancing to declining stocks. here is the dow industrials and the number, of course, 13,264. we get above that, that's a new closing high. so 30 points away. it is rather strange because qe3 is very much back. if you look at groups that are down today, guess what, once again the financials can't do anything. put up the financials. all the big names are down again. ever since earnings came out, they have no traction. most people feel they are fairly valued at this point. if you get a flat yield curve which you get for a long time now potentially, that is not helpful to financials at all and that's what you are seeing today. the only thing that makes me more optimistic, we are seeing a little bit of stock picking show up. real estate is hot again, my

bob pisani here. coming up on "closing bell," u.s. airways and amr may be nearing a merger. at which carriers could be the big winners or losers if the deal takes off. plus, does netflix need to change its business model? or is the company better off with a change of leadership? and after nearly 3% decline since monday, should investors buy apple shares ahead of its earnings next week? that's all ahead at the top of this hour. first more "street signs" with carl doing double duty once again, carl. >> thanks a lot, bob. beyond big tubs of mayonnaise and monster size packages of toilet paper, did you know costco sells 100,000 fresh roasted chickens a day. they've figured out how to get you to buy them and a whole lot more. no wonder costco shoppers spend more than they planned. there are no signs or directory. costco wants shoppers to wander and stumble across items they weren't expecting. >> i do try to go down every aisle just in case. >> that sense of discovery and low prices are what draw customers like this new york marketing executive and mother of two. >> this is my fav

bob simon. >> i'm lara logan. >> i'm scott pelley. those stories tonight on "60 minutes." ( bellging ) everything that i've gained in life has been because of the teachers and the education that i had. they're just part of who i am. teaching is the most important profession we have. we all go through a stage in our life where we'd like to do something important, and i was given the tools to do that. 'cause i was fortunate enough to have some great math teachers that were incredibly inspiring. he told us all about how mountains form and rivers she'd convinced me that there was no limit to what we could learn. i don't think i'd be here today had i not had a wonderful science teacher. ms. moseo was her name. dr. gilmore. i mean, he could teach. he would never give up on any of us. a teacher can make a huge difference in a child's life. she had a big impact on me in applying engineering skill sets to make a better world. she was very inspiring for me. she made learning, of all things calculus, fun. i learned a lot from her, not just about math but about life. hello mrs. quinn, and th

bob mcdonnell. salahi, that's some republican primary debate. we are minutes away from the opening bell.kie is here. jobless claims down a little bit. what is that going to do to the market? >> good morning. we are looking at futures pointing to a lower open on wall street because of the weekly jobless claims. they are down 1,000. not a great number. just showing a weaker pace of healing in the still struggling labor market. a couple big earnings misses. also watching johnson & johnson. the new ceo taking the reigns at the shareholders meetings. al lex out lined the recall of the products we have seen over three years. an update on walmart. the comptroller will open an investigation into the bribery scandal. back to you. >> thank you as always. next, talk about politics making strange bedfellows. when the left and the right are questioning whether the case against john edwards is bogus. could it open the doors to prosecutions? a deep dive into the edwards affair. you are watching "the daily rundown" on msnbc. great shot. how did the nba become the hottest league on the planet? by buildin

bell tower in richmond. tonight, thousands of people are planning to gather for a candlelight vigil. governor bob mcdonnell is among those expected to speak for. it will be another emotional day for members of that community. brianne carter reporting. >> a pretrial hearing will be held today for a woman accused of stabbing a customer outside a target store in prince george's county. antoinette's starks is charged with assault and attempted murder in connection with the incident in october in lanham. she also stab two other people in 2005. today, jury selection gets underway in roger clemens' retrial in the district's./ the former major-league baseball star facing charges that he lied to congress about using steroids. declared a mistrial during his first prosecution nine months ago because of inappropriate testimony. he faces up to 21 months in prison if found guilty. >> the senate is expected to vote on a bill today that would make the buffett rule law. it's unlikely the legislation that would impose a 30% tax on the wealthy will actually pass. later this week, the republican- led house is expect

straight from the opening bell, the fifth autism awareness day. bobright, the former chairman, vice chairman of nbc. and nyse, be duncan need der haur is here with his son as well. tommy hill figu tommy hilfiker. >> thank you. we have a study in korea that is the gold standard and that's where we're headed here in the united states. not headed because that's what the real numbers are probably going to be and we have to protect. we have 30 states now with insurance. we don't have federal government mandates for the large corporations. the smaller corporations are covered. we have to hold on to this as benefits get rolled out into the affordable care act. we could potentially lose all of the things that we gain. we have to really be on alert now. >> they've been watering things down n response to all of the big work that you do, the reaction has been, we'll cut the definition and get the number of people that need help. >> well, if you make the bills just be the lowest common denominator, a number of people are not going to be in those plans. they will

bell rings] and there is another boat still sitting in that berth. i do not know whose boat i am paying for. commissioner buell: thank you. >> good afternoon. bob here. thank you for the option to speak. i think you have had a good and solid proposal made to you. there are things that need to be done today so you can make berth assignments in their things that you can differ on. there are some inherent unfair aspects of these policies that a number of my colleagues of commented on. we do not doubt the good intentions, but we think there's room for improvement. so if you would consider the proposal to get the berthing a son and part done in the rest of the policies and changed so we can have further opportunity for public comment and input from stakeholders. that would be greatly appreciated. thank you. commissioner buell: thank you. >> good afternoon. my name is david. i am a 30-year berth holder in the harbor. i have raised three children, from the age of three, and they all sail and love it. it is german is for our family to be able to do this. i support the renovation, as i have since the first set foot on these dogs, and i want to see it co

bob, good to see you both. thank you for your thoughts today. >>> much more ahead on this busy hour on the closing bell. we will find out where else michelle is headed this summer. a look at apple. key technical trading level on friday. are investors losing their taste for shares of apple? look the a the prospects for this hidewidely held name. >> don't you love all of the food cliches. >> i do. >> keep the momentum going. coming up, the bear and bull view on the financial sector. >> speaking of the financial sectors, which do you think will do bet they're year? bank or technology sector? we want your thoughts. tweet us @cnbcclosingbell. it's very important to understand how math and science kind of makes the world work. in high school, i had a physics teacher by the name of mr. davies. he made physics more than theoretical, he made it real for me. we built a guitar, we did things with electronics and mother boards. that's where the interest in engineering came from. so now, as an engineer, i have a career that speaks to that passion. thank you, mr. davies. >>> citigroup kicking off a big week of earnin

bob pisani on the floor of the new york stock exchange. apple has gon from 605578 to 609. notice accenturs is strong. ibm after the bellexpected to hear similar things from them. up 12% over the year. guys, back to you. >> we're all in the interest of accountability. back in november, neil hen see was here on "closing bell" at the new york stock exchange and picked three stocks at that time. >> uh-oh. >> he's nervous. >> but he shouldn't be. they were ross stores, dominos, and family dollars. since then, ross is up nearly 40%. so exhale, neil. domino's is up 12% and family dollar is up more than 11%. good call. >> what is he going to do now? >> he's joining us. so is kate moore, senior global strategist. congratulations on a great call on the retailers, neil. >> well, thank you. >> what do you do now when you have such a strong move here and do you believe this rally today? >> well, i believe the rally today. we've been saying it's a good rally because corporations are taking a tremendous amount of money and have been since 2008, '09, '10, '11. it's just that the market is not convinced that they are going to go higher

bell clanging ] [ train whistle blows ] wow! [ charlie ] well, it's one thing seeing them built, but then to see them out here, pulling freight across america, it makes us proud. ♪ >> finally for bob going to start with our queen of the five. >> so it's friday, a lot of people are heading to happy hour looking for nice pickup lines a study shows the nicest compliment you can give a woman is she's lost weight. you have a nice smile, you smell nice. >> that's creepy. >> nice hair, that's always creepy. >> you smell nice, can i smell you some more. >> some of the worst, you look tired, which i agree. you look under the weather. you look like your dad or your mom. you put some weight on. isn't that -- >> you're looking healthy. >> how about my favorite, you're not as stupid as you look. if any guy uses that. >> gregg, what do you think the best line is? >> the line that i always use is, i think i knew your mother. >> oh! bob, you have used that. >> i have used every one there is. >> how about for a man, bob. >> let's move on. >> all right, eric. >> what's yours? y set your dvr's for tonight. me and sarah palin. >> gregg? >> this is a book, where am i? over here. this book is called do

bell, ibm, intel and yahoo!. people will be watching closely after everything we've seen with apple. i think bob pisani put out something saying that with everybody selling apple, maybe her buying some of these other names that haven't performed at the same rate that apple shares have. >> and there is also the economy. at 8:30, march housing starts. then coming up at 9:15, industrial production. >> and let's it talk tech news because this seems to be the crazy story of yesterday. keep your eyes on apple today. the stock dragging the nasdaq to a lower finish yesterday in its worst five day losing streak in porn three years. shares falling 8.8% during the last six sessions alone. now down 9.9% from its record intra day high. i want to say on april 10th, is that the day that there was an analyst who said this was going to 1,000? >> 1001. >> if apple is down today, it will have its worst six day losing streak since before the ipad was released. the last time the stock had so many bad days in a row, the iphone was still more expensive than shares of apple and of course if you own the s&p, the s&p wou

also virginia governor bob mcdonald, boone pickens, and comedian, and this is big, jim gaffigan. i can't wait for jim. >>> let's get a check on business before the bellfirst day the markets could respond to the friday jobs report that wasn't nearly as good as anybody was hoping for. so that led to big sell-off we saw yesterday. today it looks like we're going to open positively. we have to see if we can hold it, though. because europe looks like a mess this morning. really deep sell-off there and getting worried about the interest rates in europe. whether people are getting nervous about countries like spain having to spend too much money in the future. to somehow bail out their banks. here in the ins, we are celebra celebrating these two kids roughly a half billion after selling instagram to facebook. it's like selling something in your garage. >> do you use that app? >> yeah, i love it. i take photos and then feed them to instagram. >> you listen to the news from friday and europe, looks like dark clouds are on the horizon for the economy and if you look at the front page of "the wall street journal" yesterday, the screaming headline that companies

bob lutz. a lot of people to talk to this morning. also citigroup will be in focus today, the quarterly results are from the company will be coming before the opening bell. analysts are looking for earnings of a dollar a share on revenue of $19.8 billion. both these numbers represent flat growth year over year. we'll bring you the numbers as soon as they hit the tape. get you instant analysis on this, too. it's pretty busy start to the week on the economic front, as well. 8:30 eastern time, we get march retail sales aunts the april empire say the survey. then later this morning, the national association of home builders releasing it housing market index for april. and the commerce department reports february business inventories. tomorrow you can be on the look for housing starts and industrial production. on thursday of course we get jobless claims and existing home sales. also the philly fed survey and leading economic indicators. and finally the weekends with the gathering of finance ministers and central bank leaders in washington. also meetings of the imf and world bank in d.c. so a lot to talk about. >> yes, and congress is returning to work today

bob? [inaudible] >> what did the president know, and when did he know what? >> it was like ringing a bellwas clarity -- it was a commonsense question. that is what everyone wanted to know her. >> the panda -- can mock now -- it was a big deal in history. teddy roosevelt built it and connected the two oceans. we paid for it, we built it, we own it. that's what ronald reagan said. what senator baker and senator byrd said was, let's give it back to pen a mock him and the right to use it. >> he decided it had to be done in the interest of quarter in that part of the world and that was a tough vote. the people of tennessee said no way. you have to be kidding, to give up control of this tremendous global resource. that was difficult for me. it was a difficult intellectual decision. it had difficult questions. as we ran into it, it was clear that it could not stay the way it was. panama was a sovereign nation. they own the property. it was also important to understand that the panama canal was very important to us as well. >> you had every veterans organization, not mildly opposed, they were in