the country's finance minister tells cnbc.lus hp and dreamworks weigh on shares after hours. >> let's talk about the financial sector. bank of new york melon in focus. it's in talks to settle claims that it defrauded clients in transactions. last week the company said it would take nearly $600 million charge as it sought litigation. it faced several charges over misleading customers for certain dealsment take a look at shares down about 1% in frankfurt. >> the top boxes in the u.k. tax collection department will be grilled in the wake of the swiss scandal. let's get out live to catherine out side of westminster. >> good morning, it's going to be a pretty tough day for a hsbc chairman douglas flint and chief executive. they're up in front of the inknew when -- influential committee today. they're telling us it's likely to be a tough questioning. they're going to ask hsbc just how far up the executive chain knowledge of these events went. why this wasn't stopped sooner and why this evasion went on for so long and why there haven

eastern. >> and we are playing janet yellen bingo here at cnbc. single word do you expect the fed chair to say most often? oil perhaps? inflation? the word patience we might see or employment. >> yes. >> and europe. what she has to say about europe is going to be seen as a tail wind versus a head wind. >> i wonder if she'll lump that in under international. >> will she call it actual markets? >> i'm interested to know where she gets most of her news. perhaps she'll say worldwide exchange. >> she must be watching this show getting ready for her testimony. what else would you be doing? >> we'll heard worldwide exchange and cnbc and seema mody quite often. >> i hope not. >> oil prices 69 times. >> 69 times during the last fed meeting. >> seema mody i think could get, what 50 hits. >> no. >> join in on the conversation here. what do you expect janet yellen to focus on and which words will she hit most often. @cnbcwx is the twitter handle and our personal handles are coming on the screen now. joining us to discuss this further is david pierce director

eastern time right here on cnbc. that's the cnbc news update at this hour. back to you. >> all right. thank you very much. let's take a look at where gold and the other metals are doing, what they're doing right now. there you see gold down about 1.5% on the day. let's check out silver, copper, paladium and platinum. red numbers against all of them. silver down more than 5% today. platinum down about 2.5%. copper up 1% loss and ditto for puladium. rick santelli tracking the action at the cme. >> tyler, big action. big moves on this shortened week of trading. look at the intraday of tens. yes. you're seeing correctly. we're at 214 yield. at 1:00 in the morning we are at $199. it's been a large move. how large? let's look at three-year charts up and down the curve. if you look at a three-year chart of twos well you'll notice we said last year at $67. we're now at 68. we've taken out last year's close. five settings at 165. they're three away at 162. tens theshgs settle at 217. remember all those santelli exchanges over the last three weeks? the magnet worked.

the founder of jet, cnbc exclusive. he is taking on amazon again.nd it is a big week in our competition for trader of the year. the plays that worked and also those that fell short this week. first, though, morgan brennan, how did she get this lucky assignment down in miami with a flashy spending story. look at you, morgan. >> going to tell you this is the life. this is a boston whaler 37 foot 370 and the manufacturer of this book, brunswick corporation, says there's a backlog on these boats. that story when "halftime report" returns. opinions. there's no shortage in this world. who do you trust? whose analysis is accurate? how do you make sense of it all? a simple, unbiased stock score consolidated from the opinions of independent analysts... is that too much to ask? nope. equity summary score, powered by starmine, will help you execute your ideas with speed and conviction. and it's only on fidelity.com. open an account and find more of the expertise you need to be a better investor. return on investment isn't the only return i'm looking forward to

joining nous a first on cnbc interview is ceo renaud laplanche. good to see you. >> good morning. >> so revenue was a slight beat, earnings x items was a beat, before we get to the guidance for next year, walk us through your first quarter as a public company and your takeaways? >> from our standpoint it was a great quarter. we grew faster than we had initially planned. we did triple digit growth rate so we grew revenue 8% from last year and we continue to roll out new products, new features and very good experience. gives us confidence to set another very high target with fast growth coming into 2015 and what we said yesterday is that we were planning to enable about $7.6 billion in loan origination this year which would be as much as the eight years combined. eight last years combined. >> $7.6 billion is, obviously, a huge number for loans for a company like yours to underwrite, but you guided the market lower, which is what seemed to spook them yesterday. you called 2015 an investment year. how much are you going to be spending? >> yes. so i th

hour eastern right here on cnbc. that's the cnbc news update at this hour.ack to you. >> thanks so much. coming up right here, a rare look inside mondelez, sara eisen joining us with highlights from her interview with ceo irene rosenfeld, including the importance of m&a to that company's portfolio, what she sees about the consumer, she doesn't do that many interviews this is a good one. you want to listen to what she says. up next analyzing the february rally in the financials. pete saw this one coming. another trader on the desk says it won't last long. that's why it's our debate when we come back. the road. it can bring out the worst in people. but the m-class scans for danger... ...corrects for lane drifting... ...and if necessary, it will even brake all by itself. it is a luxury suv engineered to get you there and back safely. for tomorrow is another fight. the 2015 m-class. see your authorized dealer for exceptional offers through mercedes-benz financial services. there's nothing more romantic than a spontaneous moment. so why pause to take a pill? and

that's the cnbc news update. more halftime after a quick break. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say, organic food stocks, schwab can help. with a trading specialist just a tap away. what's on your mind, lisa? i'd like to talk about a trade idea. let's hear it. [ male announcer ] see how schwab can help light a way forward. so you can make your move, wherever you are. and start working on your next big idea. ♪ it all started when scottish ♪ >>> welcome back. so many good calls of the day to talk about today. how about ibm. steve weiss, downgraded to underperform or really reiterated by jeffreys after ibm's invest day a day ago and ginni rometty on cnbc. >> i think every business they have is completely under siege and commoditized. so i wouldn't own it here. i don't think you short it necessarily because i don't see huge downside unless she misses again. if she misses she's out, right, and they bring somebody new in. i don't see making money in it. you know,

here's your cnbc news update at this hour.n market committee minutes will be released this afternoon and investors will scour them for hints about a possible increase if interest rates which could come as early as june. cnbc will have it for you as soon as it is released and that is at 2:00 p.m. eastern time. new york state attorney general eric snyderman is suing ups accusiing it of illegal shippin 700,000 cartons of untaxed cigarettes in new york state seeking damages and penalties. campbell's is restructuring, unveiled a cost-cutting plan it says could result in annual savings of at least $200 million over three years. this as it battles luke warm sales. you don't want to be luke warm if you're a soup seller. a new book, more than 20 years after his death, random house will publish a recently discovered manuscript from dr. seuss called "what pet should i get?" available at the end of july. for more go to cnbc.com. coming up on "power lunch" an exclusive with clorox's ceo benno dorer promising whiter whites in the 2:00 p.m.

you let us know on twitter at melissa lee, cnbc, and at sully cnbc. to it. >> by the way, yes, your friend producer lisa keep saying you win on twitter before we even argue. >> i know. she's so great. >> everybody got called out. i'm sure some people made money on shorting these names, and doug cass actually just e-mailed me with a great quote. i don't know what is -- i guess mickey mantle helms. mickey mantle or somebody said i never realized how easy baseball was until i got in a broadcast booth. all right. next up another hedge fund titan calls this a haubted house market year where investors will not want to know what's around the corner. my point? he is right, melissa, but he is not right enough. because it's really been a haunted house market the last i don't know six or seven years. >> take a look at what the stocks have done because the bottom line, brian, is that it can be a haunted house market and the stocks can still go higher. you take a look at what the xhb, the housing etf has done since the october lows. it's up 40% there's plenty of i

first on cnbc on the gm headquarters.etting a lot of attention because it's raising its dividend or plans to raise its dividend up 26 centers a share. >> phil thank you for that interview. >>> when we come back it's jobs reporting. on the payroll report. because mark zandi is going to join us on set. plus macy's ceo terry lundgren is going to join us and the talk to us about the retail which macy's just bought. >>> beauty is in the eyes of terry lundgren the ceo of macy's talks about this acquisition of bluemercury on a first on cnbc interview. >>> jobs front and center. the adp payroll data set to be released. we have the reaction from the report's creator mark zandi. >>> and foursquare plans to talk to mark crowley about how he plans to keep his plan relevant in a very crowded room. as the "squawk box" continues right now. ozzie, take it away. >> announcer: live from the most powerfulle city in the word this is "squawk box." >>> wow, welcome back to "squawk box" here on cnbc. i'm joe kernin along with andrew ross sorkin

let's look at cnbc on comcast.'s cameras in front of you, they go through a switcher, through an encoder, it's put through a server, it goes to comcast and it's streamed in a managed service environment to television. it's the exact same thing. and if it's the exact same thing technologically and all bits are equal, then why shouldn't cnbc and all tv networks that are delivered on telco and fiber like verizon, why shouldn't they be part of the open internet as well? if they are and all bits are equal let's take it one step further. it's the per view of the sec now. the fcc, right? the fcc now has to apply their same standards to content, don't they, that they do to television content because that's where it is and there's going to be certain citizens who think well now, all content is delivered over the internet because all bits are bits and it's a fair and open internet decency standards. remember the fcc is the same agency that fought nipple gate for eight years over a wardrobe malfunction. >> yeah. >> we're not

eastern time here on cnbc. that's your cnbc news update for this hour.'s get back to "squawk alley." >>> in a little over an hour from now, yahoo! is going to host its first ever mobile developers conference in san francisco and our own josh lipton is there live with more. josh? >> well, jon, remember marissa mayer has said that when she first got to yahoo! in 2012, the mobile business there was a hobby, not a job. meyer is working hard to change that. she wants yahoo! to be thought of as a mobile trendsetter. to do that, though, she's going to have to win over and excite the 1,000 developers at the conference today. >> if you're one of the leading internet assets out there, you have to have a good mobile strategy. that's why yahoo! needs to host a mobile developer conference and show it's got mobile chops. not only for consumers and advertisers but also for developers. >> now, meyer, of course, has put a lot of time, effort and resources into mobile. there's some evidence that hard work is paying off. in q4 yahoo!'s mobile ad revenues did jump 23% to mo

the portfolio challenge on "the halftime report" noon eastern, weekdays on cnbc.f legalzoom has your back.s, over the last 10 years we've helped one million business owners get started. visit legalzoom today for the legal help you need to start and run your business. legalzoom. legal help is here. >>> hi, everybody. coming up on "power lunch," oil soaring right now, it is up, 15% in the past four days. has oil bottomed and now the time to buy those beaten down stocks? maybe it was last week. the number of big s&p 500 companies announcing dividend hikes in the past few hours. we'll go hunting for yield three top dividend plays you might want to sniff out right now. and with st. louis fed president james bow hard speaking about the economy he spoke to one of ur cnbc contributors about the economy, jobs and the big banks. you'll hear it only on "power lunch." scott, back to you and the fast money team. >>> january auto sales showing an interesting trend shift in the type of cars consumers are buying. phil lebeau is live from chicago with more. phil, numbers good, aut

thank you. >> here's your cnbc news update at this hour.ate republicans are delaying a committee vote on the president's nominee for attorney general. they say that they have more questions for loretta lynch, committee chairman charles grassley says this is standard procedure and they'll vote later this month. the number of u.s. properties in foreclosure rose 5 percent in january. according to realty trac a 15 month high. for more on that story go to cnbc.com. general motors has turned to goldman sachs and morgan stanley for advice on how it should deal with the shareholder activist and four hedge funds that want that automaker to buy back $8 billion worth of stock. and facebook is making it easier to plan for your afterlife on-line. it will let users pick someone who can manage their account after they pass away. previously those accounts were memorialized after death and locked so that no one could log in. coming up on "power lunch" steve liesman interviews dallas fed president richard fish er at 2:30 here on cnbc. all right. if they've c

cnbc's phil lebeau has more. how worried should we be? >> reporter: i don't think we should be freaking out over this, but it is certainly one of the stories that has you saying, oh, what happens when the pilots are up there in the cockpit and the door is closed? all of this stems from a memo that was cement out last month from united executives to all pilots. it's not unusual for an airline to send out memos reminding pilots of safety procedures, but it was the tone of the memo that caught everyone's attention alerting of significant safety concerns regarding poor safety events and near-misses, a direct quote from the memo that was dated on january 9th of last month. what nay are talking about are four events that they do not go into detail about, but those were four events in recent months including one that required the pilot to have an emergency pull up to avoid crashing. these cockpit errors stem from the basic issues of how a pilot conducts themselves and are they following procedures they should be following in the cockpit? united

squawk box begins right now. >> good morning welcome to squawk box here on cnbc.drew ross sorkin. we have a couple of big stories we're watching this morning. here's what's happening. president balm ball as becky and joe were saying headed their way to host a major summit on cyber security. it will be held at sanford university and ceos from american express mastercard visa paypal apple expected to confirm and tim cook expected to deliver a speech. also ports are open today but will be closed the next three days as the labor dispute starts to get ugly. the ports were closed thursday for lincoln's birthday. a day where

legal help is here. >>> hi, everybody, here's your cnbc update.continuing his military tour. he met with kuwaiti officials and u.s. military personnel in kuwait on his way home from afghanistan. he later told u.s. troop that's u.s. will deliver a lasting defeat against isis. a change of leadership at honda. its ceo succeeded by a low profile engineer who worked on the oddy ban and crv. they're battling the fallout on a bunch of recalls that has shaken its reputation for quality. >> you can call it urge ergen's encore. . company lost 63,000 subscribers in the fourth quarter. if you're not saving, you're not alone. 24% of americans have more credit card debt than they do emergency savings. another 13% aren't in debt but they have no savings either. for more on that kind of scary story go to cnbc.com. that's our cnbc news update for this hour. let get back to "walk alley." >>> thank you, sue. another all-time high for apple, meanwhile, trading over $130 a share. this coming as the company announced new plans to invest $2 billion in data centers in eu

say, you're watching cnbc. more after this. >> watching cnbc. more after this. tigers, both of you.igers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do. welcome home. taking control of your retirement? e*trade gives you the tools and resources to get it right. are you type e*? >> live from boston. we give you investment advice. we talk for big-time investors on cnbc but we're also about the businessman, the small business out there that really in this area has been struggling. now, january and february tend to be slower times. the car business, they still need to sell cars. it has been a very difficult time in boston for the car dealers around here. we spoke to joel of honda cars of boston about just how this weather has impacted their bottom line. >> i have never seen a winter like this. it's been a tad extreme. no treat by any stretch of the imagination. the last four weeks storm after storm after

take a look at the ftse cnbc global 300 index. we did see shares trading lower yesterday because of the disappointing pmi data out of china. today up about 2.5%. in europe we've been seeing a rally and u.s. futures indicating a higher open so right now we are positive across the board. keep in mind the europe stock 600 index trading at a new 7-year high so the rally continues in terms of what is driving the rally. a lot has to do with greece. hopes for an agreement on the greek debt negotiations. that has lifted sentiment across the board and of course corporate earnings has also been positive so far in today's trade and of course the other factor that investors are trying to digest is this rally. this rebound in oil prices up about 11% over the past two days. the question is will it continue. >> yeah, also some saying that nonopec investment in drilling is to turn the market higher. others saying look we came down so quickly and what comes down must come up at some point in this market usually. let's take a look at bonds as well.

the experts at cnbc will explain how your tv could be spying on you. creepy.t's happened to snacking? how did it become absent-mindedly eating one after the next, after the next? so predictable and so unsatisfying? what about pulling up a chair, a stool, a beanbag, and actually tasting our food. we are a creamy cheese that still believes in the beauty of a knife, in the elegant swipe of a . . . swipe. of course, that doesn't mean you can't dunk us or scoop us up. enjoy every single sol-i-tar-y bite. the laughing cow. reinvent snacking. >>> 5:24 right now. we have a live picture from the scene of an accident where a fire truck was involved in this accident. the suv is smashed up there after hitting a light pole. the air bag deployed. we understand this is new information coming in the driver of the suv did suffer injuries. we don't know yet what the extent of the injuries are. the firefighters who were aboard the fire truck were not injured. this is around old york road and 69th street. we'll continue to update this story to bring you more information as soon a

call me at 1-800-743-cnbc or tweet me @jimcramer.n new york city which makes this the

the person who said cnbc, they probably don't know the difference between cnbc and msnbc. but in the end we can only judge what we know based on what you tell us. so it's even more than a flashing red light. it is wake up. you have a responsibility. it's an awesome responsibility. but you got to get it right. it is better to err on the side of substance than style, better to give us more than a little less. and remember that in the end, whatever you give us is how we'll decide how we'll vote. >> good advice. and strong responsibility for the media here heading in to this campaign. frank luntz, thanks very much for joining us. >> thank you you. . >>> frank is going to the super bowl. after the break, lachbsnce arm strong shows no remorse for lying about his doping. and donald trump says maybe he should be the moderateor of "meet the press" just to get rid of chuck todd. >>> donald trump didn't exactly get rave reviews for his speech at last weekend's conservative cattle call in iowa. one pundit really got under his skin. >> it can't be mitt because mitt ran and failed. he f

and a few cnbc faces as well. >> ah! >> reporter: it raised $115 million for als research as well as the profile of a disease with no good treatments. >> the amount of funds that the als association has available to them has increased dramatically, which hopefully will allow them to fund more grants able to fund larger amounts of money for larger projects and maybe even be a little more creative in tipt of project that is they're able to fund. >> researcher john landers is part of a worldwide project to sequence the genomes of thousands of people are als. also known as lou gehrig's disease. the hope is that it will lead to understanding of what causes ore ls and improve drug dwromt development. before the ice bucket challenge there wasn't funding for his we've work, but as a result, the als association was able to donate $1 million for the project. the association says the challenge energized the research community. it's received three times the number of applications for grantsing for young scientists just starting thei

welcome to "squawk box" here on cnbc.ecky quick along with joe kerr nan and and kernan and andrew ross-sorkin. take a look at the stunning aerial views we've seen. we have some video of frozen niagara falls. even florida is bracing for record lows. and in kentucky last night it was colder than antarctica. we will have a live report from our friends at the weather channel in a bit. first, things are heating up for the bulls on wall street. joe mentioned the nasdaq's big run back to 5,000. andpple a huge part of the story. shares rising more than 60% in the last 12 months. as are for the broader markets, the s&p right now is right around break even for the holiday shortened week. the index is trying for its third st

it is a cnbc exclusive. pier none. as the stock does a nose dive herb greenberg on what you need to know now, something he says he knew then. "the 700 club" as in billions, the market cap of apple. no company ever been bigger. the only question can it reach a trillion and what, if anything can stop it. steve weiss, maybe one of the last lone holdouts you bought the stock? >> i've been in and out of the stock. it's been very good to me. but in any event i like tim cook the way he sets up. he's an extremely confident ceo and not one prone to hyperbole. the fact that the expectations for the iwatch are so low despite what he said yesterday, i think that it works. i think my wrist is very limited between now and then. but more so than that, it's cheap. it's not an expensive stock. tons of cash. i love it. >> dr. j, the only guy who doesn't own it on this desk, he says it's cheap. >> it could be. >> it's not too late. >> my hat's off to pete, to joe terranova, steven, josh, everybody. >> i can give you like -- >> i can give

that's your cnbc news update for this hour.ow, back to you. >> i'm happy where i live as well, though though it's not alaska. here, we are watching airline stocks flying higher today, al although off the session highs. delta, southwest, american continental airlines groups all in the green. tied to prices of oil, of course coming back from the day's lows but still negative. we are watching crude oil closely as for that trade's correlation with airlines. now, over to josh lipton in san francisco for breaking news. >>. >> well we're here at the mobile developer conference in san francisco. ceo marissa mayer on stage talking about why there's so much focus on mobile business at yahoo. giving statistics pointing out, for example, the average u.s. smart phone user now spends nearly three hours a day on their smart phone. that's a lot of time looking at the phone and looking at apps. the most popular being in the fields of gaming social and media. to meet that demand, there are now 500 people at yahoo! working in mobile working on re

. >> up next a big guest, howard lu lutnick speaking exclusively with cnbc. when he thinks the fed will raise rates. >>> plus the earnings parade continues. cisco, metlife, tesla, and whole foods among those companies reporting. we will bring you the numbers as soon as they hit the tape. >> we're awaiting president obama's statement on the authorization for military force against islamic state. the president expected any minute now. stay with us. female announcer: through presidents' day, get 36 months interest-free financing, and save up to $300 on beautyrest and posturepedic. even get three years interest-free financing on tempur-pedic. plus, free delivery, set up and removal of your old set. and sleep train's 100-day money back guarantee. keep more presidents in your wallet. this special financing offer ends presidents' day at sleep train. ...guaranteed! ♪ sleep train ♪ ♪ your ticket to a better night's sleep ♪ >>> a live shot of the white house where we are expecting president obama to address the nation make a statement on his request from the u.s. congr

he is a cnbc contributor. also cnbc senior contributor larry kudlow.s a pleasure to have you both here this morning. >> thank you, beck y i. >> we've got an hour to talk about this. we're expecting numbers to be pretty strong coming out on the jobs report. we're looking at unemployment to tick down to the lowest level we've seen in over six years. that has kicked off a big debate about whether the fed is already behind the curve. there are some people who are saying that. we talked to jack welch this week and he said he thinks the fed would be crazy to raise rates at this point because of the strong dollar and what that means for companies here. i hope you two can weigh in on this. tell us has the fed done a good job to this point and what should they be doing? congressman? >> as i've seen it, those saying the fed is behind the curve don't think the fed should have thrown the pitch in the first place. that is, i think there are few people who are supportive of the direction they're taking that think it's now time to pull the plug. >> but you have heard

like to welcome bedo to cnbc. first interview.hanks for having me. >> your predecessor was there for eight years. shareholders liked him. fought off activists. what do investors need to know about you? >> well this change really had been about consistency of purpose. we have a strategy that's working. we have great brands. my mission really is to accelerate profitable growth and we're doing that by leading into brand investment and by leading into innovation. on that note we're feeling good about the second quarter where we've been able to grow 4%. >> it helps that you have 80% of your business in north america. good place to be right now with everything going on in the world. >> it is. we see plenty of growth opportunities in north america. we are proud to be based in north america, and that's where our strength is. like i said innovation is really how we're going to drive our categories. we're seeing some signs of life lately. >> innovation. i know on cleaning on wipes. what's another example of something we can expect to see fr

david sowerby and there's more on cnbc pro.ellen under fire during her testimony before congress today. >> you're sticking your nose in places that you have no business to be. you have no business in the long-term labor markets. >> so is she overstepping her bounds by stepping into the debate on income inequality. house financial services committee chair jeb hensarling is here to weigh in exclusively in a few minutes. plus uber inking its first ever travel partnership with hotel giant starwood. what could that mean for its $40 billion valuation? we're going to ask coming up on "the closing bell." stay tuned. >>> welcome back. we started with our josh lipton who is back and has more on salesforce.com's quarter. hi, josh. >> kelly, we're watching salesforce here because check out that stock in the afterhours. it is ripping higher. just on the phone with some analysts who cover that stock, including analysts from fbr. what their pointing out is listen, it met here on the bottom and the top, but when you look through the release ke

welcome to "squawk box" here on cnbc.'m becky quick along with joe kerr nan and and kernan and andrew ross-sorkin. take a look at the stunning aerial views we've seen. we have some video of frozen niagara falls. even florida is bracing for record lows. and in kentucky last night it was colder than antarctica. we will have a live report from our friends at the weather channel in a bit. first, things are heating up for the bulls on wall street. joe mentioned the nasdaq's big run back to 5,000. andpple a huge part of the story. shares rising more than 60% in the last 12 months. as are for the broader markets, the s&p right now is right around break even for the holiday shortened week. the index is trying for its third straight week of gains. we'll see what happens as we get closer to the opening bell. >> three big stories we're watching this morning. eu finance ministers are meeting in brussels in just a couple hours from now discussing greece's request for a six is-month loan extension. michelle will join us in a minute. al

eastern time here on cnbc. that's the cnbc news update. back to you. >> thank you. let's get the market flash. what are you watching sir? >> gnc holdings, mandy. getting a pop after the earnings, and they reported a beat on both the top and bottom line. the company also says it's expecting mid single digit increases in sales in 2015 despite a same-store sales decrease of 3% in the fourth quarter. those shares, as a result, up 13 % today. back to you. >> thank you. okay. well talking of up look at the overall markets trading higher today, and back on feels like ground hog day. dow 18,000 watch, again, guys we're inching ever closer to the mark, and crude oil is moving higher as the nasdaq boom out of the gate this morning, hitting the highest level since march of 2000. some on wall street are taking a closer look at the correlation between the stock market and crude oil prices which is typically positive. however, this is when it gets interesting, folks, listen up. when you throw in the unemployment rate rising oil prices may not be great for the stock market. to exp

and ceo bob iger is here in a first on cnbc interview.iger going on record about the measles scare. you're watching cnbc first in business worldwide. >>> welcome back. plenty of action after hours. gilead science is out with its quarterly results. >> we're looking at a beat on revenue and earnings. looking at revenue of $7.3 billion for the fourth quarter versus analysts' estimates of $6.72 billion. earnings per share of $2.43 versus $2.22 estimate. now, the big number everybody looks for is that hepatitis c drug sales number. that came in at $3.8 billion worldwide versus estimates looking for about $3.6 billion, but some really big news coming in a separate release from gilead. they're announcing their first dividend. they're going to be paying a 43 cent quarterly dividend and they announced a $15 billion share repurchase program. so all of that money coming in for hepatitis c, people were wondering what they will do it with it. announcing their first dividend and a $15 billion share buyback on top of a beat in the fourth quarter. the ca

joining us now in a first on cnbc interview is guy mcdonald. great to have you with us. >> thank you, melissa. >> obviously the development of this particular drug has been going on for quite some time. can you just sort of speak to the people out there who may not understand why there is a dearth in the market of antibiotics these days? >> i think clearly the recent epidemic that we're seeing is highlighting the need for new antibiotics. there's been a long time since we haven't had a focus on developing new antibiotics. sadly, resistance is developing. as a result of that, physicians are left with limited or no choices in treating these patients. we're working on trying to find new products for our physicians. our product is in late stage development right now. >> it's interesting, because for quite some time, a lot of the pharmaceutical companies didn't focus on antibiotics because it wasn't profitable for them, but now antibiotics have really gotten back in the spotlight with a number of acquisitions. now we have you. calling this opportuni

joining us today cnbc meg terrell and cnbc contributor herb greenberg. let's start off with the score card. 50 3erz of s&p 500 firms reported so far 73% reported above estimates. 11% net estimates. 16% reported below estimates. in u.s. about $7.75 billion. that's really a bell weather. something about the entire biotech industry because of these pricing concerns we've been hearing about with drugs. that's been the lightning rod for drug pricing concerns. and what analysts are saying is that if the numbers are in line and if guidance is in line, that's good news in terms of the payer environment. if they're a little light, it would mean that the payers have more power than the street is realizing. >> guidance and how they talk about pricing. harboni was approved october 10th. this is a pretty good quarter's worth of data in terms of sales. we also have abby vicara. in the pricing war that could come, on vicara was approved later nrt year, right? >> yeah. of course, we've got these exclusive deals happening making different pdm's, and a lot of people are l

joining me, cnbc's courtney reagan and tim seymour.ings off with the score card with 55% of the s&p 500 reporting so far, call it hump day, 73% reported above analyst estimates. 11% met estimates. and 16% came in below analyst forecasts. most important is the ratio of negative to positive future guidance. at this moment, it's a very high 8.0. we have seen guidance -- we haven't really seen guidance this negative in a year. eight times more negative preannouncements than positive preannouncements. that's something we'll want to watch. when it comes to today's afternoon earnings, courtney you're watching one that's been in your wheel house for ages, as long as it's been a public company, under armour, we're looking for the sole, s-o-l-e as opposed to the company's soul, s-o-u-l. >> we are looking for earnings to be up 32 cents on revenues of 829 million, up 24%. big expectations here. if we want to talk about what's going on with the sole, it's footwear. lots of analysts talking about that, whether or not they think shares will go higher

there's a cnbc app which is great. you can watch live cnbc watch the interviews fantastic.for a plug? you like that don't you? >> well done. >> there's another icon. there's espn showtime hbo. how big is this going to be? when does apple make that move into tv? because people say when's the apple tv going to roll out? as far as i'm concerned, it's already there. how come nobody talks about it? >> it's always speculating. will apple buy a content company because they have the cash to do it. >> why would they? >> they don't need to. >> in the past couple months i've started to realize i can run a lot of my tv off that little $99 box. >> are you going to be a cord cutter? >> no. because i need cnbc swuch a different story. >> and you need the internet to run it. i hard wired an ether net able into mine. comcast xfinity is very fast by the way. you get my point. apple tv is already here. >> and when you look at what netflix is doing, right, some of this is preventive. they've got a global strategy because they're competing with apple, google, and amazon. and hbo is about to lau

this is not msnbc, this is cnbc. we have our own style. here is what's in the news senator rand paul, here is a chance for you to give your opinion and bat it around. so kelly, on this one i think rand is a little off his game. i commend you for asking the right questions. i may not with everything but i commend -- you asked the right questions. he can't put you in the penalty box for asking the questions. >> what about the substance of what he was saying? >> regarding his proposal to link the overseas profits and frskt frskt, i frskt, i do not agree with that. the issue is number one full territoriality. the issue number two is obama not only wants 14%, he then wants to go 19% after that. number three, this should be tied to full corporate tax reform. that is to say lower the rate from let's say -- >> but his point is basically i can't make that happen so i'm going to do what i can. >> see, i have always argued -- first of all, infrastructure, just one point, i'm going to quote larry summers on this kudlow quoting summers. >> really down

he was asked about it again in a follow up on cnbc. look what he said when he was asked to clarify on cnbc today. >> i heard of many tragic cases of walking talking normal children who wound up with profound mental disorders after vaccines. >> senator rand paul of kentucky today really said that on cnbc. and he wants you to think of him as a doctor as he is running for president. senator rand paul until today was seen by some people assort of a top tier presidential candidate. honestly with this thing today, he totally pulled a michelle bachmann. >> a woman came up crying to me tonight and said her daughter was given that vaccine and her daughter suffered mental retardation as a result of that vaccine. >> that is pretty much the last michelle bachmann was heard of in that campaign. even the right basically said that was a disqualifing ignorant and dangerous remark. they said bachmann seemed to go off the deep end. she was duped into reporting a vaccine scare legend on national television. even rush limbaugh, what michelle bachmann did

that's your cnbc news update for this hour.lissa. >> the final oil trades are costing. >> just under $53 as we head into the close here. we could hold on to that real strong momentum that we hilary clintons and we did talk about the report saying we could see oil bottom at $20. that is actually kind of saw a little in the table today. at the same time i think the reality is setting in to traders that the story about supply right now may not be as they are understand it and that there could be more on the table to work through than people are really sort of you know, wrapping their arms around. the closing price today just around $53. back to you. >> thank you. >> time for street talk where every day we have five analyst recommendations working to find opportunity for you. we kick it off for you in harris, a couple of upgrades on the back of a deal by -- for $4.75 billion. >> adjusted a buy from neutral. drexel hamilton was also up to buy from a hold. it was also a $90 target. they say, listen this is a multiple of nine times ex

cfo will join us first on cnbc. staples and office depot higher in the premarket, reports two in advanced merger talks. >>> first up oil prices rising sharply on expectation of decline and u.s. drilling activity. bp posted better than expected quarterly results. bp ceo bob dudley spoke this morning. >> i think it's going to take time. could be a long time. there is excess supply. u.s. production's still growing. we see about the rig counts what it's growing. and chinese demand of course great. growth in china is not as high as it was. so we have stock levels filling up all over the world, tanks filling up. won't be long before people putting them in ships and that take is along time to work its way off. >> is there a lot of oil news today. that's just one data point. >> i love bob. he's late here. there's already been a dramatic increase in the number of financial players taking down tankers. if you look at nordic and american tanker they will tell you that is happening now. what's interesting -- and bob dudley, i k

you can follow the sign on twitter at ecb euro sign cnbc. it's gathering quite the following. >> you're envious of the sign. >> of course. lots of traction. >> absolutely. more to come. coming up on the show the greek german show down continues. who will blink first? we speak to a former ecb executive board member. that's coming up next here on worldwide exchange. >>> welcome back. let's give you your headlines. u.s. markets aim for the best week in more than three years as they eye payrolls. twitter stocks soaring after they top forecasts and go pro shares take a tumble after the coo announces her resignation. >> let's bring the focus back to europe. joining us on the phone is a former ecb executive board member. lorenzo thank you for joining us this morning. let's talk about the latest developments that we've had in this situation was it right for the ecb to act as it has in such a crucial stage of political negotiations between germany and greece? >> well it's between greece and all the other european partners. but precisely because of th

cnbc's julia boorstin joins us now with the latest. julia?er is putting ads in more places to give its marketers more reach and help twitter make more money. twitter will start running its promoted tweets in other apps and sites. until now it's only sent tweets to other ads. a mockup of what a tweet would look like on flipboard. they and ya hoo japan are twitter's first partners with more down the line. twitter expressing the value in expanding ads beyond its own platform, last year there were 185 tweet impressions off twitter. the company won't reveal the business agreement but we can assume shares revenue with the publishers where the tweets awarep. twitter shares are up today on this news. take a look there. they are up about 3% but they are down about 40% over the past 12 months. twits tths earnings coming up in two days, the ceo dick costolo is under pressure to show investors new ways that the company is going after profits. just last week twitter announced video sharing tools and group direct messages falling through on -- following th

julia boorstin spoke to bob iger in a first on cnbc interview and she's live in los angeles this morningh more. hey, julia. >> hey, carl. on the better than expected results bob iger sounded confident growth will continue on the strength of disney brands including "frozen" and on digital innovation. as to whether offering espn with dish's over-the-top streaming service could drive cord cutting, iger said simply no. >> we believe that in a media environment changing right before our eyes, that some experimentation is necessary and i don't want to just chalk it up to an experiment because we believe this is goings to last, but we are going to take a, you know, a careful approach and, obviously, not put in jeopardy the expanded basic bundle which is so value to the company and to the industry. >> while iger was clear he has no plans to break up the bundle, he said he does see opportunity for not just espn, but also for disney, marvel and even "star wars" to sell more directly to consumers. he pointed to value in a tighter customer relationship to really understand what customers want and al

here is how governor walker responded on cnbc on "the morning after." >> the mayor can speak for himselfi will tell you i love america and therapeutic -- and there are plenty of republicans and democrats that love this country. >> were you offended by those comments? what was your reaction? >> i am in new york. i'm used to people saying what they think. >> walker refuses to repudiate. my question to you john -- what is the tripwire in the cycle when a candidate refuses to repudiate things that are over the line? >> i think it shows strength when a candidate figures out a way to distance himself from an ally in a respectful way. john mccain did this in 2008 when somebody got up and said barack obama is a muslim. he said i disagree with your point of view. he is not a muslim, we just have different points of view. i think this is starting to look weak rather than shrewd. >> the press can be obsessed with these things. last cycle governor romney's , team had the attitude, we are not going to repudiate people who say stuff because we will be in an unending cycle. rush limbaugh attacked colle

so call me at 1-800-743-cnbc, tweet me @jimcramer. what doesn't kill this market seems to make it stronger. okay, we had a down day, s&p sinking 33%. but these down

and that's your cnbc news update ment today.ointment when my teeth are ready? ♪ ♪ can it tell the doctor how long you have to wear this thing? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ the answer is yes, it can. so, the question your customers are really asking is can your business deliver? in our house, we do just about everything online. and our old internet just wasn't cutting it. so i switched us from u-verse to xfinity. they have the fastest, most reliable internet. which is perfect for me, because i think everything should just work. works? works. works! works? works. works. >>> we want to make sure not only are our reserves strong for today, that we don't create a problem for the future and we got to take care of the future generation as well so we're being very careful of our selection and we're being confident we're going to have the right combined ratios as we move into the future. >> that was former aig chief executive robert benmosche speaking with me last may about the future of aig a

i'm posting a new column to cnbc pro called new ideas.ecret stealth rally that is going on. dom gave you great stats. i throw out a few more. check it out. cnbc.com pro. i'm going try every morning to put together some of the ideas and things inside the market using facts and all kinds of stock screeners to pluck out something interesting. if it is not interesting, i just urge patience and kindness. >> 53% of vehicle purchases were suvs. that is the highest share in a decade. it is amaze aring brian, how quickly we forget about the era of higher gas prices. >> i think bigger cars breed bigger cars melissa. you're driving on the road in your mini and you look up and there's a giant ford escalade next to you. you don't feel very safe. i say go big or go home. everybody should drive an suv. >> it's keeping up with the -- that's crazy. >> i will say this. i drive a jacked up jeep. it's pretty high up in the air. i can confirm this. i look down driving now. 100% of people are texting and driving. literally 100% of everybody is technicaling whi