dom chu, what's going on here? >> amd is plunging about 11% in the after-hours trades. the chipmakers beat earning estimates by a penny. the company seeing double-digit declines in the first quarter that will fall below estimates. the outlook for revenue, not so good. that's why the shares are taking a hit, melissa. back over to you. >> double-digit revenue decli declines. and the stock has been a monster over the past 12 months. up 70%. prior to today's decline in the after-hours. >> there's been a lot of hope for amd. a lot of love. a lot of things. moving intel i think helped amd. >> console business. >> but what it keeps coming down to, you can look and go back probably 12 years, every meaningful rally at amd has been an opportunity to sell it. and it seems to be coming to fruition once again. i don't think you get shorted here. i don't think you buy here. you watch it go into continued oblivion. >> you're playing around with a $4 number on a shock that has a 20% short interest. all of the news can be negative. and you can get your face ripped off, literally, in a n

dom chu, who just let us know his gas bill doubled last month, has five names you might like. >> it'sng because we spoke to s&p capitalized cues equity strategist alec young, asked where would you hide in an environment where you do see this emerging market turmoil. he says look toward the defensive sectors like utilities and of course, telecom stocks. he also says look for some of the smaller cap domestically focused names. we decided to take a look at the s&p 500 so the larger cap more well known ones. this is what we came up with. these companies have zero sales outside of the u.s. and have posted healthy gains over the past year. wellpointe on the health care side up 28% over the course of the past year. then another sector we want to look at, time warner cable. this is a specific stock story about a possible takeover. those shares up 33% over the last year. on the financial side of things, check out regions financial, one of the regional bank providers out there, up 40% over the past year. on the natural gas side, because we were just talking about it, chesapeake energy is up 41%

dom chu, what can you tell us about amd? >> it's down right now and down big.justed earnings per share in the fourth quarter. that beats the average analyst estimate of 5 cents. this time around it's the forecast that has investors worried. they think that their first quarter revenues will come in between 1.29 to $1.38 billion. the average analyst estimate was $1.36 billion. so the lower to mid end of that guidance below wall street expectations. that also represents a decline over last year's ref through. amd is a smaller chip company to intel but it still has a lot of chips that go into video game consoles. a md certainly a focus for a lot of traders in the after hours. >> you're absolutely right. tech more broadly here after hours whether it's an actual miss or a worse than expected guidance number seems to be the theme at least for now. thank you, dom. >>> i want to see if it's the earnings that are lighting up the website or other things people are clicking on. allen wastler joins us with "the hot list." >> right now what's burning it up mohamed el-erian.

but dom chu says you should bank on the finals.ll go head to head later on "the closing bell." that's righ. it's just that i'm worried about, you know, "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. does it end after you've expanded your business?? after your company's gone public? and the capital's been invested? or when your company's bought another? is it over after you've given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. >>> a weak december employment report this morning, just 74,000 jobs added. the participation rate falling. the reports citing the weather as a key factor, but is that really the main factor keeping people out of the workforce? >> we're

dom chu, what can you tell us? >> this is not good news on the jobs front, kelly.rt will lay off 2,300 employees or 2% of the workforce at its sam's club outlets. those are the warehouse bulk buying outlets. walmart to lay off 2,300 sam's club employees or about 2% of the workforce. according to the headlines, sam's club is seeking to cut or reduce the middle management roles there and this is sam's club's biggest layoffs since 2010. so again on a day when the market is down big, more bad news, this time on the jobs front, 2 stshths 3,300 people to be cut at sam's club. >> just want to get some quick thoughts from the panel. >> this is a big story and it's not just sam's club. it is what's going on with sears, jcpenney. it's really -- i mean could you make the case for the secular decline of retailing. you know, which has usually been a huge source of job growth in the united states. amazon winning out is not good for jobs -- >> amazon employs 75,000 80,000 people. >> walmart is the largest employer in the united states. it's over 2 million people. >> so much of th

let's get to dom chu. >> thanks, kelly. we begin with herbalife, which slid on news that massachusetts senator ed markey was seeking information on the company's businesses practices. they responded by telling cnbc it looked forward to addressing senator markey's concerns. then there's noble, one of the big losers today after the offshore drillers said that rig utilization was expected to drop this year. check out transocean and diamond offshores as well. they fell in sympathy with that noble report. a rough day for lockheed martin as well. it reports a 14% drop in fourth quarter profits as defense contractor sales shrunk amid budget cutbacks. and ongoing problems with the f-35 joint strike fighters could delay marine corps plans to deploy that particular plane. also, chinese stocks all losing ground after an s.e.c. judge said that the big four accounting firms should be barred from working for any u.s. listed chinese companies for at least six months. kelly, bill, back over to you. >> all right, dom. thanks very much. show

dom chu with that. >> singing is putting it lightly. these shares are down. they've lost one-fifth of their value in the after-hours trading. elizabeth arden has preannounced some results. they're going to say that the quarter, in terms of what they're going to report, $1.05 per share. that's below what analysts were expecting. and sales to come in at $418 million. far below the $468 million analysts were expecting. the ceo of the company, basically said the results were significantly impacted by increased levels of discounted activity globally. they're disappointed with these results. they made this decision in the quarter not to participate fully in the heavy promotional and discounting environment. basically, they're saying they didn't mark things down. and sales suffered as a result. >> thanks for that. >>> look at shares of estee lauder in the afternoon sessions. as well as avon. this is a theme we heard across sectors. no promotional activity. >> they won best in class, estee lauder. i'd better be down than the avan, rev llons on the world. alta has com

. >>> jcpenney, we have to go to dom chu for the latest. >> big news with jcpenney. it involves a restructuring. the trade is to the down side. the retailer will close 33 stores and eliminate 2,000 jobs. it expects to save this year. the shares are lower, despite restructuring. back to you. >> who wants to trade this one? >> i wouldn't touch this one. you're in a place where you have a stock that had a rally based upon we're going to shore up the boat. we're going to throw some corks in here. they're left with a business model that's been devastated. ullman is the guy that's been here before. what is different -- this is almost a sign of desperation. >> apple shares up nearly 2% today. tim cook speaks to cnbc exclusively about the company's deal with china mobile. we'll have that interview. >>> and dr. j. reveals the unusual activity in one stock. . see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] toda

. >>> the big game, 51 1/2 hours away, and dom chu is back with us.ey're having it in new jersey. it's not in new york, it's in new jersey, but we have chatted all day today. stub hub, a lot of tickets available. the nfl's ticket exchange, ticket master, a lot of tickets available. i understand you have to have security. i get it. safety first. i was here during 9/11, i get it, but going to this super bowl is a pain in the rump, right? >> take a look at this. it might be one of the reasons why you see ticiq has put out interesting stats. the current list price for tickets, under $2,500. that's a huge drop from what it was just a month ago. current average sales price even lower than that and the current average get in is around $1,200. it is a lot of money, no doubt, but still far below where a lot of experts said it could be given the size and scope of a new york/new jersey based super bowl. even luxury suites are costing less. >> there was a local cbs report, there were 18,000 tickets available. i don't know if that number is accurate or not. >> on

some big moves today and our dom chu tracking all of them today.e of the big movers today? >> let's start off with comcast which is the parent company of nbc universal which owns this network cnbc. morgan stanley's upgrading the stock to an overweight from an equal weight rating. the company is announcing it will build the $1.2 million tech innovation center in philadelphia which will be the tallest building outside of new york and chicago. meadwest meadwes meadwestvaco, cost cutting efforts is expected to save $125 million in that range. netflix falling. analysts say the company could be hurt by the federal appeals court ruling that struck down the federal trade commission's rules on delivering net content. and we'll end on a delicious piece of moving data today and that's hersheys. the company is going to go head to head with nutella after announcing it will introduce its own line of chocolate spreads and hazelnut flavored chocolate spreads will be one of the offering. >> taking on nutella. wow. thanks, dom. >> thank you very much. seawor seaworl

dom chu, what is going on in this market. >> all kind of stuff. we'll begin with jcpenney. while they said they were pleased with its holiday sales performance, though it rattled investors not providing any details on those said sales. other department stores also fell as shopper traffic said mall traffic fell nearly 15%. forest labs is surging after they said they are buying a specialty company for $14 million in cash. elliott management offered to buy the entire company for around $3 billion or 19 bucks a share in cash. river bed said it would thoroughly review the proposal. mcdonald's fell after it was downgraded. all those stories, bill making some news in today's market. back over to you. >> dom, thanks very much. well elsewhere in the political arena, a potential scandal surrounding a possible republican presidential candidate got bigger today. eamon javers has the latest for us on new jersey governor chris christie. >> that's right. the question is, is this a bridge too far for chris christie today? it has been a fairly low-level local scandal, but it blew up big tim

up next dom chu will take a look at some of the wild moves. >>> after the bell walmart warning earnings. does walmart need government subsidies to make the numbers? and if so what does that say about the strength of our economy? ade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. >>> welcome back. just minutes away from the close. the deep southow has cut its losses by half but it's heading lower. >> we started off with what looked like it could be a big sell-off at the open here. we've marvnaged to get back a huge part of the losses. the worst performing sector in the s&p 500 is energy. you got integrated oil giants like chevron and he cannon among those stocks taking the biggest hit. also consumer discretionary are neck and neck with energy as the

dom chu will have some nax for us next. >> after the bell, goggle's purchase of nest have people talkingle worried. online, on your phone, and now in your house? google can know what you're up to at all times. is it becoming big brother? tweet us your thoughts @cnbcclosingbell. ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. lease this 2014 cadillac srx for around $319 a month with premuim care maintenance included. ♪ i worked a patrol unit for 17 years in the city of baltimore. when i first started experiencing the pain, it's, it's hard to describe because you have a numbness... but yet you have the pain like thousands of needles sticking in your foot. it was progressively getting worse, and at that point i knew i had to do something. when i went back to my healthcare professional... that's when she suggested the lyrica. once i started taking the lyrica, the pain started subsiding. [ male announcer ] it's known that diabetes damages nerves. lyrica is fda approved to treat diabeti

we want to get over to dom chu. >> let's start with google which hit a record high earlier.n has an overweight rating. rather august 2014 the ipo was 85 bucks a year. johnson & johnson moving higher after their blood center drug succeeded in a late stage trial. that's helping boost shares. comcast hitting a record high after the ceo said it sees its first video customer growth in six years in this past fourth quarter. comcast is the parent network of nbc universe ideal which runs cnbc. then there's herbalife and new skin after the fda did not name them. they fell after the agency said it would make an announcement regarding fad weight loss produc products. on the downside, netflix taking a hit as morgan stanley down grades the stock to an underweight from an equal weight citing increased competition from the likes of amazon prime and hulu. >> heading toward the close, look at this. pretty good rally. if you haven't been watching at all so far in 2014 and this is your furs time, you're going to think, we're we go again. far be it. we're finally getting a rally. >> despite tod

let's send it back to dom chu back at headquarters for a quick "market flash." >> thanks, simon.n, ftc, holding a press conference on tuesday, january 7th, to talk about deceptive practices in the marketing of nutritional products and weight loss supplements. that will happen on tuesday. herbalife shares responding in kind, down to the session lows. also other companies, usna, and new skin, so other multilevel marketing companies also to the downside on this bit of news. again, ftc holding a press conference on tuesday to talk about a program, at least, sarah, about deceptive practices when it comes to marketing of weight loss products. back over to you. >> and that news taking its toll on the stock. thanks, dom. >>> coming up, what can you do to take control of your money this year? well, today's "squawk breakthrough" wants to help in a few easy steps, weight watchers meeting personal finance. we'll explain after a short break. 24/7, but there are no branches? 24/7. i'm sorry, i'm just really reluctant to try new things. really? what's wrong with trying new things? look! mommy's

back to dom chu with a quick market flash. >> we're talking netflix on fire.r than a broadcast or cable network has won a major television award. the company also announcing it was going to bring back the original series lilahammer for a third season. that big juggernaut of netflix continues to run higher this year in 2014. >> february 14th house of cards, can't wait. thanks so much, dom. take a look at shares of liquor maker beam today. full-on rally mode after being acquired for about $14 billion, that's not including some of the debt. is this good news for the liquor industry? we'll talk about that in a moment. and the bells are about to sound across europe where they've had mostly green arrows today. we'll get that with simon in about three minutes. tdd# 1-800-345-2550 searching for trade ideas that spark your curiosity tdd# 1-800-345-2550 can take you in many directions. tdd# 1-800-345-2550 you read this. watch that. tdd# 1-800-345-2550 you look for what's next. tdd# 1-800-345-2550 at schwab, we can help turn inspiration into action tdd# 1-800-345-2550 bo

. >>> let's get to dom chu at hq. >> a mover going in the opposite direction is netflix.commission rules on the delivery of internet content. something referred to as net neutrality. analysts at web bush are saying if this ruling stands internet service providers will force them to pay for unrestricted use for content, forcing the cost to rise. if netflix has to pay more in costs it may hurt profitability down the line. that concern is helping force those shares lower on today's trade. >> interesting the s&p's managing to do what it's doing today without the help of one of its star players in netflix. thanks, dom. >>> e lon musk was not happy when regulators described the new adapter and software upgrade of the model "s" as a recall. >>> rick santelli is watching europe and the emerging markets today. rick? >> love musk, new meaning to small simple words. we're going to talk to newton. one of those phrases is emerging market. we're going to discuss emerging markets, china, the imf, and things we may learn from denmark in its currency pay. mike is my global guy. you don't

let's do a quick market flash now with dominic chu. dom jetblue shares down at session lows about 4%. they have issued a statement with regard to their travel delays, jetblue saying that beginning at 1:00 p.m. eastern time today the company will reduce operations at jfk, la gpz guardia, newark liberty and boston logan to assure recovery of jetblue operations as efficiently as possible and be fully operable by tomorrow. this will progress towards a 100% reduction in service. all service reduced by 5:00 p.m. today and last through 10:00 a.m. eastern tomorrow, tuesday. at that time jetblue will gradually ramp up again and intends to be 100% operational by 3:00 p.m. eastern tomorrow. this plan does allow for 17 hours of rest for equipment and crew members in time to service jetblue aircraft. but again, just the latest statement from jetblue with all those travel delays, scott, back to you. >> dom, thanks so much. bizarre weather. it's almost 60 degrees, mid-50s in new york and going to be in the teens tomorrow. get ready for that. still ahead,

. >> dom, thanks so much. dominic chu with the latest. let's get back to the three central questions that are facing everybody who is playing this market. whether the correction has started. most importantly, if stocks are down 1 1/2%, whether you should be buying the dips as people were on any occasion in 2013. >> fundamentals are in place. nothing's changed. trading down the first trading days in january. guess what, we booked significant gains last year. i believe that we will see market not as strong as last year but if you go through a course of history and paul can bear this out, that you've had multiple back to back years. it's more of the norm than the exception. we've got -- we had a weak employment number. we had two weeks of hiring december. period. that's it. so the strong term, the idiots who are looking for numbers similar to what we had in october and november, good, i'm glad they got tattooed. fundamentals are in tact. buy the market. buy dips. be cautious on valuations with certain stocks and it will be like last year. >>

dom, thank you very much. dominic chu. well if you live in the midwest or the northeast and were wise enough to stay home today, maybe you had a nice scene like that or better yet smart enough to move to some place warmer like naples or fort meyers, here's a taste of the morning commute. not a lot of fun for millions in the northeast today. these photographs are from the boston area. they got hit, more than a foot of snow, maybe two in some areas. snow, ice, and wind and temperatures as low as they have been ins years. 2700 flights have been canceled in the u.s. today. what's it look like this weekend, folks? let's check in with the weather channel's maria la rosa. >> for the most part this winter storm as far as the snowfall is really beginning to wrap up and it's dumped a lot over the last two days. starting to get the snow totals in. anywhere from close to two feet in parts of massachusetts to as much as half a foot in the new york metro area. anything that continues to drift will be because of the gusty winds. already

. >>> plus dominic chu on retail detail. dom?ll, if you bet on the american consumer last year, it returned a healthy profit for you. but this time around, the holiday season, we saw a slowdown into this year, it's carrying through. we will take you to all the big losers in retail so far in 2014. >> see who steve cohen went to the knicks game with last night. back in two minutes. i have low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application s. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or signs in a woman, which may include changes in body hair or a large increase in a

dominic chu. dom? >> the department stores, jcpenney is one catalyst.is saying mall traffic was down 15% in the holiday season. bearish on jcpenney which didn't provide hard numbers when it said it was please with performance over the holiday period. you can see a lot of the stores, kohl's, nordstroms, still down on that news. negative catalyst overall. michelle, back over to you. >> big move for jcpenney there, wow. >>> u.s. chamber of commerce out with the annual state of american business. sxwloining us first on cnbc is tom donahue, ceo and president at the u.s. chamber. great to have you on. tell us, what is the state of american business. >> american business is doing better. we should end the numbers on 2013 will be 1.8 to 2% and in 2014 i think we'll get up to 3% growth. we still have a lot to do to provide opportunity to get more jobs but we've got the tools to do it with. a strong energy situation, expanded trade getting done. things look positive and we're trying to build on them and say to the government there are things you should do and thi

dominic chu is live on super bowl boulevard in the heart of new york city. dom?, scott, if you talk about the prices that are going on right now for the super bowl we've already seen ticket prices start to come down. $2700 some of the ticket prices that you get according to tikiq. some are $2400. suites are down $624,000 apiece. the cheapest ones are $180,000. there's a whole subculture around parties, corporate events. that sort of thing. and that's one of the main reasons why dow don't have to go to the super bowl itself to get that same feel for it. we spoke to robert tuchman who is at go viva who specialize in corporate and special events about what it's like to have these events in new york city. take a listen to what he told us. >> on average, one of those types of events obviously depending upon who the speaker is and who the talent is will run between 30 and $50,000. so when you look at that number and, you know, you look at it and what it's going to cost you to actually spend people to a game as, you know, compared to just having your own event like this

now to dominic chu right here with a deeper look at defense contractors. dom? >> those defense budgets cut an overhang to a lot of companies. the new deal in d.c. could cleep it all up. bruce tanner said he was hopeful 2014 wool see federal spending numbers bottom out. analysts at oppenheimer like the big names in the business. the so-called primes. earlier analysts at goldman sachs say it could be positive given the budget deal, improving margins and deployment of cash. general dynamics share rocketed the higher yesterday on cash headlines. ged buy back sharing of stock in this current quarter. attention now turns next week to the big names reporting there. on wednesday, you've got aerospace giant boeing delivering results nap stock up 90% over the course of the past year. on thursday, combat air maker drummen up. and before the bell also the tomahawk cruise missile raytheon, up 47%. beyond the headline number, keep a close eye on those management commentaries about the future, where they see business, and, of course, any possible shareholder capital return pl

dominic chu is back at hq with more. dom? >> well, how about for the red day, simon?own for the s&p 500. check out shares of analog devices, followed by cognizant technologies, xerox, texas instruments, cisco, all are down around 2%, possibly even more on this day. so overall, sarah, when you talk about a down day, it's not very comforting to see technology as one of the biggest laggards, because, of course, technology is one of the biggest sectors, sarah, in the s&p 500. back over to you. >> all right, dominic chu, thanks for pointing that out. >>> it is a bad day to be outside. as maeve snowstorm moving toward the east coast, bringing over a foot of snow and near-record cold temperatures. the weather channel's mike seidel is live in boston with the very latest where he is getting snowed on. mike? >> hey, good morning, sarah. it's been snowing here since 1:00 a.m. this morning. we've been out here since 5:00, and several inches on the ground. it's very powdery snow. that's the key here. once the winds start to howl this evening through friday morning, it's just going

. >>> let's get over to dominick chu and check in on exxon today. what a story, domock is taking a dip after bank of america downgraded it from a neutral rating to a buy and reduces its price target to 106 bucks a share to 110 a share and said its near-term performance could be tempered by headwinds outside of hs control and that downgrade hitting the xom shares. >> dominick chu, thanks very much. >>> you've heard of the bitcoin atms but how exactly do they work? well, we've got the maker of one of the atms coming on with us and he'll tell us everything about the machines, what they do, and whether they're safe, after the break. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. tdd# 1

chu, robert frank and dennis gartman. brian kelly, "fast money" extraordinaire is here as well 37 dom, one of the first things that happenedng. do you think that had to do with the selloff -- or i should say, pull back from almost 70 80 points on the dow or more with what's happening with the fed today? >> i think it's key what you said. this wasn't like a sell off. we're talking about a market with a decent selloff with the s&p down about, we'll call it almost a percent yesterday. what you have today is a -- is consolidation, if you will this kind of tug of war going on. people want to figure out whether or not they want to jump into this market, whether or not this was a dip or not to buy. that's the real issue. those auto sales, yes, they were disappointing and, yes, they do paint perhaps a slightly bleaker picture about spending in america but it dentidn't weigh heavy on the markets. >> what was it about -- we started the year off on a pretty weak note. >> it's going to be a down week. i'm calling this the hughie lewis market it needs a new drug. the federal reserve is going to continue its stimulus but not as much as

chu and dr. john najarian. let's start off with united continental. posting better than expected profits and improved revenue and lower integration expense as they are trading lower here after releasing weak 2014 guidance. dome stocks have been soaring. they're one of the reasons why dow transport hit a record high again today. it's not just -- delta was great. that was a stand alone report. but today you had them, southwest airlines,al lasz a airlines, all beating on profits coming -- matching or beating on sales. but the outlooks are what have investors concerned. delta is a stand alone right now. a positive performer with all of these names here. three words. lower fuel cost are going to help them still though cost overall. they have to be a concern for some of these airlines. >> would you continue to be long here? >> i would. >> you would? >> yeah. it's one of pete's picks, united, continental, i would add to it the dips, the integration costs that dom mentioned are going to continue to go down because now they're starting to see the benefit of that united/continental merger. same thing that delta saw last year. >> mcdonald's reporting in line fourth quarter numbers but what's going on with december sal