dominic chu reporting on what maybe believe is a ticking time bomb for stocks.ll tell you what it is and why this hour. west texas crude crossing below the $50 mark for a short time. right now just a nip above it. this is a massive cold snap about to cover much of the united states. snow, too. already hitting some parts of the country. it's going to be a rough week for weather. snow ice and freezing cold. the forecast is ahead. we give it all to you, including sue at the nyse. >> hi ty. and stocks have been spiraling lower this hour. a big triple digit loss on the dow jones. but we want to take a look at the dow and markets through the prism of ets. you can see down almost 1.3%. qqq, nasdaq 100 and the iwm is the russell. now, the health care sector is traveling with a break even line today. some people were calling that a safe haven earlier. not so much now. the hardest hit sectors of the day, energy. financials materials, also down considerably on the trading session. now, the transports and ten year transportation average is now down almost 2.5%. 220 pountsin

dominic chu has that part of the story. >> reporter: stock market did rally in 2014 but not as much as it did the year before. investors are dealing with a host of uncertainties as we head into the new year. one of the biggest concerns comes by at the energy sector falling oil prices helped consumers save lots of money at the pump. but reduced spending by oil companies themselves is a big risk. >> it's not all positive. there's certainly going to be an earnings and different impacts on the market that are not quite so positive for 2015 from the oil and gas business. >> reporter: and then there's uncertainty about if and when the federal reserve moves to change interest rate policy. low rates have arguably been fueling much of the recovery in the stock market and broader economy. that uncertainty has some money managers on edge. >> we don't know when the federal will raise rates. it's hard to see interest rates going any lower, but the exact timing of that can be very difficult and when it does occur, it can occur relatively quickly. >> reporter: and of course we operate in a global eco

for "nightly business report," i'm dominic chu. >> so if companies report a mixed bag of earnings and giving weak guidance about future profits, what will drive the stock market higher or can it turn higher? let's get thoughts from steve ma sew ka chief investment officer. do you think the market can or will go higher this year? >> i think the market will be relatively range bound this year. i see positive and negative indicators out there affecting the market moving forward. we're coming off many years of a very hefty stock market rally. prices in the market are tending to be if not expensive, certainly not cheap. so i'm looking for the market to be rather range bound, maybe slightly higher or slightly lower but certainly not looking for the double digit percentage increases we've seen in prior years. >> how much of that has to do with the mixed earnings picture we've seen so far this quarter? >> well a good deal. i mean i think there are many old parts of the earnings picture or corporate profitability picture in america that are mixed. if you look at the news today, coach, a compan

dominic chu is here with us now. should we expect more of this for example, tomorrow? >> you know, it's interesting because we've become so accustom to not seeing these kinds of swings. you forget that this kind of thing can happen from time to time. over the course of the past the qe era, we'll call it the fed's involvement in the markets. we haven't seen a huge amount of volatility for the move. tomorrow it's going to be very interesting because you've got a number of macro and micro to picture. on the macro front, you've got to worry about what's happening with the manufacturing picture overall. so you've got the philadelphia manufacturing and the economy, the empire state, that's new york. also inflation data. the producer price index coming up. the macro picture. on the micro front, tech financial. the heavy sectors in the s&p will be well represented in earnings tomorrow. you've got the likes of bank of america and citi on the financial side and then after e bell you have intel, one of the biggest ship producers in the world. all of those give you a picture of co

dominic chu and morgan brennan covering both. >> we are about 45 minutes away from 2:00 p.m. eastern time when the fed releases minutes. what types of stocks do well on those days? >>> we have big layoffs again in the steel industry. what is this going to mean for the stocks? we will have more on that when "power lunch" returns in two minutes. >>> j.c. penney shares are soaring after the retailer reported nearly 4% rise over the holiday season and revised sales projections for the current quarter to the upper end of prior estimates. it is up almost 21%. american express upgraded to buy from neutral due to multiple benefits of improved outlook. eli lilly's 2015 guidance below current forecasts although the pharmaceutical company believes the challenging period of patent explorations is winding down for it. >> we have seen orare starting to see big layoffs in the steel sector. what does this all mean for the future of the steel business and future of the stocks? >> i have been looking into this. united states steel corp laying off roughly 750 workers and as you mentioned this i

dominic chu now with a look at some of the dow components having a big impact on the overall markets today. >> there are a couple of big headaches that are showing up in big cap earnings reports. the weakness in the oil and gas business and the strength of the u.s. dollar. the latest examples come from big dow components like cat pillar. the heavy equipment maker fell sharply after cutting its full year profit forecast because of falling oil prices. >> oil is a piece of our energy and transportation business. it's worth about oil and gas is about a third of that business. actually the natural gas piece of that business is doing pretty well. and so far holding up. the oil piece though is what we're taking down. and that's the primary number for a reduction in 2015. >> investors will also be hearing much more about the effects of the u.s. dollar on disappointing quarterly results. stronger dollars mean companies that do a lot of business outside the u.s. lose some of their profits when they have to convert them from foreign currencies back to the more expenseive dollar. chemical compan

brian sullivan is off this afternoon but i'm going to welcome in dominic chu today. before we get to those markets we have breaking news with john harwood regarding north korea. john? >> we've had the treasury department announce a new set of sanctions on both the government of north korea, the workers party of korea, ten individuals, three entities prohing

dominic chu, what's happening?ectronic arts the stock is moving higher after the video game maker posted better than expected third quarter results. it also raised its full year guidance. the shares are up about 3.5% in the afterhours so far, kelly. back over to you guys. >> thank you. well, back to apple. my next guest says you need to buy shares of the company right now because the stock will hit $120 a share by friday. well, it's at almost $115 right now. he'll tell you why when we come right back. why do i take metamucil everyday? because it helps me skip the bad stuff. i'm good. that's what i like to call the meta effect. 4-in-1 multi-health metamucil now clinically proven to help you feel less hungry between meals. experience the meta effect with our new multi-health wellness line. ♪ ♪ i love my meta health bars. because when nutritious tastes this delicious i don't miss the other stuff. new meta health bars help promote heart health. experience the meta effect with our new multi-health wellness line. ♪ ♪ >>>

dominic chu is keeping an eye on it. >> let's start with land's end. fourth quarter profit and revenue coming in below expect stations. shares you can see trading down by about 16%. a good day overall for the airlines. southwest flying high after the carrier posted better than expected quarterly results. united hit a 52 week high on a bullish 2015 forecast and alaska airlines increased its dividend by 60%. and we'll he said here with a regional bank bb&t moving higher after better than expected quarterly earnings. and it was interesting mark newton tweeted earlier that he thinks it's a little bullish at least near term that you see some of the rotation out of defensive sectors like telecom and like utilities. back to you. >> that's for sure. got to watch it. p. >> more on these earnings there bb&t. let's talk with kelly king. good to see you. welcome back. >> thanks. glad to be here. >> so tell us about the quarter overall. we were in sort of wait and see mode. we had pretty good economic activity in the last quarter and we're all waiting for the fed t

we have dominic chu saying u.s.kets with r the place to be this year and seema mody says there's more value across the pond. we hope to hear from her shortly. dom, take it away first. >> the u.s. markets, again, if you have make a case for why the u.s. is better than europe center first around when's happening with the economy here. whatever you feel about what's happening, we do know that at least the employment situation is slowly getting better and a lot of that's translating into a better economy. look at gross domestic product, versus other developed countries around the world, the u.s. gdp is painting a slightly positive picture. nobody's saying a run away market for the economy and when you have gdp growing and indicating between 3% and 4% possibly on the optimistic side that's a good reason to be in the u.s. stocks. i also spoke to mohammed al arian about the reasons that the u.s. hypothetically is a better place to be. first of all, he say that is the economy in europe is much more leveraged to the geopolit

dominic chu with ideas. >> let's pick up on themes we have been speaking about. here at cnbc we are launching the cnbc pro, a place for unique and exclusive content. right now we have the story on what performs well during pullbacks in the stock market. these are some instruments that you will want to watch as hedges or protection against a down draft for stocks. the exchange traded funds, talked about this a few moments ago. a lot outperformed. the 10 to 20 year fund tlh tracks prices in that part of the treasury curve. between september 19 and october 15 last year remember we saw the correction, it was almost a 10% drop for the stock market. this fund actually rose by around 4% to 5%. a similar story with the tlt, a fund that tracks treasuries, this one rose by over 8% during the last pullback that we saw. then there is the volatility related to etfs. during the last pullback the short term fund was up 45%. it fell though, very quickly after volatility faded. it is seen as an instrument that needs daily and perhaps intraday risk management and if you want stock

our dominic chu runs through today's huge batch after the break.ywhere. . >>> all right. welcome back. there's your market picture right now. the dow jones industrial average is up more than 220 points. a positive day, all across the board, reversing the losses of the past couple of days. and we are going to get some direction, perhaps, on where we'll open tomorrow in just a few minutes. and you know those earnings will be covered right here on the "closing bell." amazon, google, visa biogen all of those names are reporting. you'll get the numbers and instant reaction. let's show you apple as well because apple's just about at an all-time high. just push in on that right now. >> in fact it looks like anytime it's over 119, that does put it in record-high territory. the record close looks like 119 from december 26th of last year. so we're right now at 119.05. shares are up 3% as their continue strong performance after that earnings beat. dominic chu has more on the earnings numbers to watch today. >> $119.75, is the record intraday high in terms of

dominic chu, what's happening?so much on the earnings front here but breaking news on the corporate actions front. first of all bristol-myers squibb has announced they have appointed a new chief executive officer. he's a dr. jioctor who had been the chief operating officer of the company. so a sea sweep change there. and a new director of the exec fif tiff board. also confirmation on the spacex front. they have raised a billion dollars in financing with google and fidelity. spacex is saying for the record they join existing investors, founders fund valor equity partners, and capricorn. they will collectively own just under 10% of the company. so $1 billion for 10% of the company imply that is $10 billion valuation for spacex. that has now been confirmed by the company itself. back over to you. >> all right. a lot of big moves this hour. dominick, thank you. it's been another rough day for the bulls on wall street. we did finish positive but barely. mohamed el-erian saying the u.s. is still the best place to invest

dominic chu rti

dominic chu has more on that. >> carl, what we're watching is kb home.they reported earnings today. the stock had been up earlier. now the conference call is ongoing and as a result, shares down about 13%. kb homes says it's not expecting to reach its housing gross margin goals for 2015, though it does say that margins are expected to improve as the year progresses. those comments are dragging down not just kb homes but shares of other large home builders in the u.s. you think lanar, names like dr horton, all of those are moving down in sympathy. some downbeat comments with regard to margins, guys, carl, on kb home. that's dragging the entire sector lower with it. >> seeing other headlines from various sources about q1 earnings guidance but wait until we have that pinned down. certainly not a good picture shaping up for home builders this afternoon. does it for us on "squawk alley." to wapner and the halftime. >>> thanks very much. let's meet our starting lineup for today. stephen weiss, managing partner of short hills capital, getting situated okay. >>

to dominic chu has trade school to break it down. >> talk about a double edged sword. the professional traders in our audience know about the use of leverage and how it amplifies returns but can amplify losses but the reason it's key to the retail foreign exchange markets because like sara said a lot of smaller traders out there who don't have millsens of dollars at risk but they have maybe like a thousand, $10,000 in an account looking to make money off of it. here's how the math works. right now what you're seeing at 50 to 1 leverage the cftc mandates for foreign exchange accounts there's a margin requirement of 2%. that's 50 to 1 leverage meaning if you have $1,000 investment you can only buy $50,000 worth of stuff on the heels of that. if that starts to move in your favor that's good you have a padded balance. but the moment it starts to move against you that's when they think about lick datings assets or positions. here's the interesting part. if you the thousand dollar account margin equity in there and you have a $50,000 position, if your asset moves 1% against

back over to you. >> dominic chu, thank you very much for that "news alert." >>> one down, two to go, ty. we're about to ask this question. is now a good time for you to get into housing? we've got a panel of real estate experts joining us with their take shortly. >>> and later, we are going to look for big opportunities in beaten-down oil stocks. we've got some names you might want to consider. and speaking of oil, we're seeing big selling pressure as we near the close for crude. we're headed live to the oil pits in new york when "street signs" returns. female announcer: get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. save even more on floor samples, demonstrators, and closeout inventory. the year end clearance sale is on now at sleep train. ♪ your ticket to a better night's sleep ♪ >>> starting this month, the federal housing authority will lower its mortgage insurance premium rates enough to save the average new borrower more than $900 a year. >> president obama talking up housing earlier today in phoenix. the president is cutting the annual m

. >>> let's send is to dominic chu for a market flash. >> we're just calling attention right now to arp move in shares of amazon.com. they are up near session highs right now, up by 5% on heavier than average volume. they've already traded about 4.2 million shares, about 4.15 million shares what it trades on a normal day over the course of the past three months. a lot of rumors working through the market right now but wanted to call your attention to the fact that amazon shares again spiking up to -- having their best one-day gain since july of last year on rumors swirling around the markets. we're working sources to confirm that but for now know that amazon shares up towards 5% highs here on the day on heavier than expected trading volume. certainly a story we're watching for sure. back to you guys. >> we are as well. mark mahaney saying that amazon still close to its 52-week low but this might be an attractive entry point. >>> in the meantime want to check on the broader markets, all major averages eyeing their first three-day winning streak so far this year. the dow had been down a

things like drills equipment. >>> cnbc's dominic chu.ood explanation. >>> we're talking about the volatility of the markets let's talk about the volatility of mother nature. torrential rain is causing massive flooding and mudslides in washington state. take a look at invideo. mudslides knocks a home off of its foundation and blocking the road of this town. red cross opened shelters for 200 residents. coast guard are on stand by. i want to bring in bill karins. it's raining out west but this arctic blast that's coming east that should get everybody bundled up and a little bit worried. >> that video is pretty amazing. wasn't even that heavy of a rain. must have been something that was leading up to that and about to give way over time because it wasn't that heavy of a rain event yesterday. a little over an inch of rain. let's talk about the snow and cold. washington, d.c., been snowing for the last hour. you have roads that are snow covered. we're looking at reagan national. we should be okay at the airports today. visibility a little low

dominic chu, what can you tell us?have here is a new director added to the board at pepsico. that man is bill johnson, the former ceo of heinz and company. so heinz -- former heinz ceo bill johnson elected to pepsico's board of directors. what's interesting about this is this was one of the directors that was a recommendation from nelson peltz's fund. you may recall they have been engaged with active discussions with pepsico about splitting up its business although now bill johnson's appointment to the board is seen as somewhat of a victory for both sides here. there are some interesting statements from all parties involved. specifically from pepsico chairman who says bill will bring expertise and insight to the board as we continue to innovate and drive growth. also bill johnson commenting he's ex sided to join pepsico's board of directors and looks forward to working with indra and other directors. even nelson peltz has a statement. nelson nelts saying quote, trian has always believed pepsico has enormous commitment.

back over to you. >> dominic chu at headquarters thank you. the swiss central bank making moves.n this bond fire of the currencies? that's next. also ahead -- >> if the regulators at the end of the day want jpmorgan to be split up that's what will have to happen. we can't fight the federal government. >> former congressman barney frank co-author of the dodd/frank legislation responds to jamie dimon later on the "closing bell." stay tuned. ♪ your dad just kissed my mom. ♪ turning two worlds into one takes love. helping protect that world takes state farm. >>> and so they're looking at a shocker from the swiss today after the nation's central bank dropped its currency peg to the euro helping the franc sky rocket. this could help gold rally. for more cnbc's jeff cox joins me now with larry mcdonald from new edge usa. welcome to you both. why is gold suddenly regaining its -- >> let's look at the move by the swiss national bernanke as a segway into -- national bank as a segway. this is a sign there's a belief that mario draghi is basically going to carpet bomb the markets with commit

dominic chu, as you saw, at hq with market flash. >> sneak peek.there was mixed news out there, right? good consofumer confidence. corn, the company reported adjusted quarterly profits of 45 cents a share, 7 cents better than what wall street expecting. sales came in higher than forecast, as its results helped by strong demand for lcd glass products, the stock as you can see, up 3.75% on the trade. one green sliver. >> caterpillar in the red, hit hard by the drop in oil prices. the stock on the dow, down more than 7%. low oil prices low copper stronger dollar hitting hard. what the ceo had to say about the year ahead and find out what to be doing with the stock. we'll talk to jpmorgan's analyst when we come back been know that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking

let's send it over to our dominic chu for a market flash. >> watching shares of herbalife.about 4% in the regular session. earlier this morning hedge fund manager bill ackman talked about the short position in herbalife and they responded with a statement via a spokesperson saying that bill ackman is entirely predictable with the put options expiring next week he is off on yet another tirade of misrepresentations to drive down our share price. the facts of the business are inconvenient for him and he clearly has no interest in learning them as evidenced by his team's last-minute cancelation of a meeting last month that he requested. end quote. again, that was a statement from herbalife via spokesperson regarding bill ackman's appearance this morning talking about the short position in herbalife's shares. back over to you. >> thank you. >>> turning to oil, below $50 a barrel and comes off fresh lows today. jackie deangelis has the latest. >> that's right. 72-cent pop at the close at $78.65 and low this is morning under $47 for wti and under $50 for brebt which is fairly sign

. >> when we come back we have dominic chu telling us what's moving the markets. he's got his hands full on that. plus "beat the street." in a market like this you need to hear from some smart stock pickers more than ever, and we'll talk with the top money man who was nominated for morningstar's fund manager of the year award coming up. you total your brand new car. nobody's hurt,but there will still be pain. it comes when your insurance company says they'll only pay three-quarters of what it takes to replace it. what are you supposed to do, drive three-quarters of a car? now if you had a liberty mutual new car replacement, you'd get your whole car back. i guess they don't want you driving around on three wheels. smart. new car replacement is just one of the features that come standard with a base liberty mutual policy. and for drivers with accident forgivness,rates won't go up due to your first accident. learn more by calling switch to liberty mutual and you can save up to $423. for a free quote today,call liberty mutual insurance at see car insurance in a whole

brian sullivan is off this afternoon but i'm going to welcome in dominic chu today. before we get to those markets we have breaking news with john harwood regarding north korea. john? >> we've had the treasury department announce a new set of sanctions on both the government of north korea, the workers party of korea, ten individuals, three entities prohibiting u.s. financial institutions from doing business with them. now, this is the second stage of the u.s. response at least that we know about. we remember after the sony hack in advance of the release of "the interview" movie. the internet went dark in north korea for awhile. the u.s. government did not deny that it was responsible. jack lew said in a statement this is part of a range of responses the united states is making to try to show north korea that it's not going to tolerate the kind of incursions into cyber space affecting u.s. businesses and we will see what the response from the north koreans is to this. >> but john here's the thing. north korea is already one of the most impoverished and isolated count

dominic chu is at the wall with a look at how bad things are today. what do you see? >> not as bad right now as maybe a half hour, hour ago. down about 360 points for the dow industrials. we were down close to 400 during the lows of the day so far. 2% move. get back towards the 390, minus 400 air, worst day since november of 2011. the s&p down about a percent and a half and nasdaq composite down by nearly 2% as well. look at the dow jones industrial average overall for the past year, you can see at least we're seeing some movement here to the downside. and that has shown that we are just about 4, 4.5% away from the all-time intraday highs we set in the dow just over the last couple months or so. this is going to be interesting to see this move pan out. look at the broader s&p 500 there is only one sector in the green that's a defensive one. utility stocks up by about 0.1%. everybody is having a bad day. technology the worst performing sector by far down about 3%. when you have the likes of microsoft down as much as it is, intel, cisco, hewlett-packard, all the large c

dominic chu joins us with that story, dom. >> melissa, prior to today the dow had seen a huge amount of movement, a roller coaster ride. you can see here we put it up graphically how far we've come. if you measure by the ups and downs throughout the course of the intraday trades we've marched up and down by about -- it's a lot, 3,000 steps right now, 3,000 points overall for the dow jones industrial average. so a lot of volatility just entering today. today we've already seen more of that concluded. -- included. if you look at the financials where we've seen more action because it's been earnings season for them. see just for a year to date we're down about 6% for the index driven a lot by these micro economic or company specific stories. take a look at what's been happening here. fixed income trading, legal costs have been a focus for a lot of bank investors out there. bank of america, jpmorgan chase, citigroup reporting perhaps expected large declines in fixed income trading revenues over the course of this past quarter, compared to the same time last year. so big moves here. and i

dominic chus has a look at something. >> it is.sting one, shares of chipotle down but outperforming the broader market. stock moving lower on news the company was suspending pork sales at a third of restaurants. analysts say this could hurt its first-quarter results. the company made the decision after a routine audit revealed some of its or one main supplier was not complying with its anim animalwell fare standards and was looking at a host of options to address the shortfall for pork which is used to make the car nita burritos. the stock down by about 0.9%. the stock is up 33% over the past year. >> thanks. >> as someone who's active in the chipotle community i think it's a really great thing to see management react this quickly. stark contrast with mcdonald's. rather than running commercials and not sticking by what they say these guys pulled the product from the stores, about a third of their pork and they did so immediately and i'm sure it cost them some money as well. but i think that's really important to the brand and they'

dominic chu here to break it down. have more than 50 major companies reporting. >> around that for the s&p 500. just around that 50 mark. we're starting to ramp up in terms of the business in earnings season beyond the financial heart of. it let's take a look at the earnings calendar for this week. around 50 of the s&p 500 companies will report today. we had johnson & johnson and morgan stanley delta after the bell, though, the two big ones are ibm and netflix. wednesday, united health, u.s. bank, discover, f 5 networks lead the list of companies reporting. thursday, big for transport because you have the rails, union pacific and southwest airlines. one of the two airline compon t components of the s&p reporting on that day. friday general electric, mcdonald's and kimberly clark. let's focus on today's after the bell reports. like i said, ibm and netflix both big reports out. ibm a huge focus on what's going to happen with the cloud business, their services business. also netflix, because of the subscribers, right. and

. >> i'm going to hear from dominic chu. >> our audience would not like to hear that.y like golf. >> back at the week, netflix earnings, sandisk warning today, skyworks, big tech takeaways? >> i think excitement about growth is probably back. i was taking a look at the stocks up most for the week so far, netflix at the top of the lest, trulia and zillow, pandora, linkedin, amazon, alibaba, yelp, king, remember them. >> yep. >> they've had some struggles, but they're up 7% for the week. all those stocks that are kind of risky bets. >> of course the story today, box up 66%. great day for that company. we will see where it trades. >> earnings season mot over. a good weekend to all of you. back to headquarters and wapner and the half. >>> welcome to the halftime show. let's meeting our starting lineup. josh brown, ceo of rid holtz wealth management company, steve weiss partner of short hills capital, pete najarian, co-founder of option munster and joining us tyler vernon, ceo of biltmore capital advisors. our game plan looks like this. ups and downs. what the bomb shell gu

dominic chu here with a preview of what's ahead of us now. >> not quite as busy as today but still goingend the week with a bang here with large cap companies, specifically we want to focus on what's happening with chevron because after conoco's report today as well as oxidantal pe troetsium, chevron will report its number and the oil and gas sector will be in focus. eli lily, on the drug side, matel, with what's happening with their executive ranks and sales trends at matel. mastercard, payment trends, one that's going to be of interest, xerox, beazer homes, i want to focus on. even in today's trade we have a balance, macro data, pending home sales maybe not as strong another good home builder that's reporting earnings that came out today, pulte, doing well. d.r. horton, lennar moving up today. in sympathy with that. these are homes not the biggest by far in terms of value of its products there in the overall market value scheme of the company, but will provide one more data-point on what the home building sector will be like. >> thanks. joe, is chevron the most important on that board?

. >>> let's get over to dominic chu to get a market flash here. >> hey, carl.ching shares of ac wynn financial after a hedge fund manager robert chapman said he acquired a stake in the mortgage service company and the stock could double in the coming days weeks and months. okki ok ok wynn up by 17%. a report california was seeking to suspend its mortgage insurance license to do business in that state. >> thank you so much. throwback thursday and throwing back to the miracle on the hudson. six years ago today, january 15th, 2009, pilot charles sully sullenberger executed that emergency water landing of u.s. airways flight 1549 on the hudson river. it was a huge moment for twitter as user yoenis tweeted this photo, there's a plane in the hudson, i'm on the ferry going to pick up the people, crazy, the first image, widely shared and early glimpse of the power of twitter to break news. in fact, jack dorsey talked about that moment for the founders in which they realized just the strength of the tool they had created. >> yeah. it's amazing. so many moments now get c

dominic chu is on the story. >> we have a couple big names. let's make it three to talk about.ome big stories here. let's start with amazon.com, the stock is surging. see they're up by 13% after the company reported a quarterly profit of 45 cents a share well above the 17 cent estimate the wall street forecasts were looking for. gross margins rose to 29.5% from 26.5% the same time a year ago. the company also announced that it plans to start breaking out the financials of its cloud computing business. amazon web services, aws, in the next quarter. those shares again up pretty large today here. earnings not really as kind to google. posted weaker than expected quarterly profit on weaker than expected sales as well. the company was hurt by lower advertising prices as well as unfavorable foreign exchange rates. google shares you can see regardless up by about 5%. let's not forget about apple here. the stock is hitting a record high in terms of share price. shortly after the opening bell trading right at $120 a share. market cap closing in on the $700 billion mark here. again, appl

back at headquarters with our dominic chu. what's going on?so kelly, what we have here is morgan stanley in a press release saying that it has fired one of its wealth management associates here. this employee had been terminated and law enforcement and regulatory authorities have been advised because of misappropriation of data, meaning that he stole economic or client data. no evidence of economic loss to clients. it has been determined, though, that certain account information of approximately 900 clients including names, account numbers, was briefly posted on the internet. morgan stanley detected this exposure and the information was promptly removed. morgan stanley staying that it has, again, terminated the employment of an employee for misappropriating client data. a lot of that data was posted to the internet but subsequently taken down. it affects approximately 900 clients and morgan stanley says right now there is no evidence currently of any economic loss to any client. a developing story. we'll bring you more details but for now, an

dominic chu? >> all right. so scott, we're watching shares of what's happening with gopro. the stock is falling down near session lows on a report that apple has been looking to get patents and has been granted patents for a possible sports or wearable camera type system that can be controlled via a it phone or perhaps a watch. gopro shares off by about 8%. as for apple shares the big upgrade at credit suisse as a result those shares up in today's trade. back to you. >> thanks. bear case usually starts with low barrier to entry, somebody is going to come out with something that will challenge gopro. what do we think of the news maybe it's apple? >> we saw at ces a number of companies coming out, we knew that going into it. if it's apple it's a category killer for gopro. maybe they have to be acquired. i don't know who the buyer is it's simple technology to replicate at this point. >> you have to mention apple and how good they are in allowing others to successfully go into a marketplace with a product, achieve the success and apple comes in, recognizes the success and comes

co-founder of option munster, sara eisen from the nyse with more on the currency situation and dominic chut for a good trading school coming up. our game plan, teased it a little bit. currency crunch. the brokers plunging on the losses in the swiss franc. dom will take you to trading scho

joining us dominic chu. what's going on this morning?re trying to find a semblance of footing here for the oil and gas sector overall. oil and gas is the focus for a lot of investors because it was the single worst performing seconder on a down day like you said. crude oil off by 48% just over the course of the last 12 months here. and you can see here down about 2% so far this session. so again trying to find footing. if you look at the broader energy stocks picture, those particular losses are translating even more so into some of these losses for the energy sector. you can see for the last year down only about 12% for the s&p energy. we're hovering near low levels we haven't seen. and arguably multiple years. so as you look at where the action was in trading yesterday, a lot of the huge moves happened in oil and gas companies here. first of all, petroleum was off by 8% in just yesterday's trading session alone. that's going to a focus for some today. also diamond offshore. off by 9%. also one of the worst performing stocks over the co

let's get to dominic chu. >> one of the what's happening with oil.ning with another smaller stock we've been talking about quite some time here, ac quinn financial, plummeting following a report in the "l.a. times" that california is looking to suspend the company's mortgage license in that state, due to failure to turn over documents that show it complies with the state's homeowner protection laws. in twice its normal volumes those shares down by about 37% in today's trade. back over to you. >> wow. ouch. thanks, dom. >>> our next guest has produced content for nascar red bull and is partnering with samsung to produce content for their new virtual reality headset. today joining us at post nine to announce the commercial launch of their camera systems and software that stream live 360 degree video to any connective device. the ceo of real-time emergent or rti. good to see you. >> thanks for having me in. >> tell us about your technology for those of us who haven't heard from you. you've been doing this for two decades. >> this is a military technolog

dominic chu is running through all of those movers for us as we wind down this first trading day. over to you. >> kayla, a couple of ones that a lot of traders are focusing on today. add linn energy to the companies of cutting the dividends. before the bell shares down nearly 12%. since then they have soared up about 12.5% right now. now, along the line with the cuts, they announced a deal with blackstone to help finance new oil and gas projects and shares in focus. also on the rise in the session, gopro shares. positive comments of jpmorgan and raymond james analysts helping the stock rise up by 4.5%. jpmorgan is playing down the risk of competitors saying other companies just can't match all that gopro offers. very big upside moves in the otherwise mixed market. back over to you guys. >> thanks so much. back at headquarters. >>> despite the weakness of stocks on this first trading day of the year our nexts have the names you should buy if your resolution is to make money in the market this year. >> they are david nelson from-- each of them with the top three picks. welcome back.

. >>> dominic chu, a quick market flash here. >> two credit card companies on fire this morning.better than expected earnings on increased number -- amount of consumer spending. during the quarter the company repurchased 2.1 million shares of its own stock. shares up 2% this morning and then after the bell late last night, visa came out with their number beating estimate business 4 cents per share. the company announced a 4 for 1 stock plit.split, responsible for 90 points of the overall gain -- move in the market. we're watching those stocks closely. back over to you. >> dom, thank you very much. >>> coming up carnival's ceo will join us in a cnbc exclusiveness view giving away a cruise a year for life as part of its super bowl campaign. that's after this break. the lightest or nothing. the smartest or nothing. the quietest or nothing. the sleekest... ...sexiest ...baddest ...safest, ...tightest, ...quickest... ...harshest... ...or nothing. at mercedes-benz, we do things one way or we don't do them at all. introducing the all-new c-class. see your authorized mercedes-benz dealer

dominic chu's back at hq. >> a 1.5% move to the upside overall for the technology sector.erall, leading the way higher. electronic arts up 10%, also apple and juniper networks posting solid gains, after all reported better than expected earnings after the bell last night. te connectivity making it official selling most telecom equipment leading to big gains for the tech sector. remember, it was the worst performer yesterday. >> earnings helped a lot. >>> to chicago, cme group, rick santelli has the santelli exchange. good morning, rick. >> good morning, sara. i'd like to welcome my special guest, former fed governor from 2001-2006, mark olson. thank you for taking time this wednesday morning, governor. >> happy to be here. >> all right. now it is a fed day, second day, so we're going get the statement, no press conference. i would like to discuss not the intricacies of meeting and statement in particular but the overall macro viewpoint and no better place to start, you know one of the important issues of course is employment. and what i want to talk about are how skilled v

. >> thanks very much, dominic chu.e cme group where rick santelli will join us with the santelli exchange. >> thanks, david. my guess this morning is trey i think the best way to introduce you, is you've probably forget more about japan than many people will know. it's his passion, japan. all right. i hate what i call burping comments, when the dollar is stronger, what does everybody say. burp it all together. >> weak commodities. >> what's gold doing. >> going up. >> why doesn't anybody talk about that one. >> it's up about $15 today. >> the conclusion is the crude oil break is not because of dollar strength. crude oil is breaking on its own right. the proof of that is in gold. gold acts very good this month and it will continue to do that. >> let's bring all this back to japan. what's a great trade that would include japan? hint hint might have gold in it? >> it certainly might. not a great trade, rick this is my single best idea and my single largest holding. long gold in yen. the bank of japan -- >> we have the cha