let's start first of all for the dow with the dow jones industrial average. the dow and s&p and nasdaq all ontrack for a winning week once again but the dow also ontrack for its 11th gain in the last 12 sessions and its best january since 1994. so let's take a look at the dow leaders so far this month. familiar names leading the pack here. hewlett-packard which was actually the worst performing dow stock last year. home depot, united technologies, disney, and travelers which just reported some blockbuster earnings. so who are the dow leaders back in january of 1994? this list excludes any of the dow components no longer publicly traded companies. caterpillar was up 17% followed by dupont. united technologies also in the list. let's look at the s&p 500. it's ontrack for its eighth straight gain. a winning streak that we haven't seen since november of 2004. what we couldn't get the s&p 500 numbers that were leading the s&p that year, in november of 2004, these are the ones that have led the s&p rally over the last eight days. netflix of course coming out with a

the dow up 6% this month.ar i'm going to walk you through some of last week's biggest winners and losers and see if that momentum can continue. stay with us. >>> welcome back, everybody. dow futures down by about 12 points. we've been watching shares of caterpillar this morning because it just came out with earnings. caterpillar came in with earnings that were 1.04 was the number, 87 was a charge that was included on this. analysts were looking for 1.69. what's really important is that this company talks about their outlook for 2013. they they see somewhere between $7 and $9 in earnings a share. street today, 54. obviously that's a very wide range and the company is making some comments about that. they say that wide range for the 2013 outlook reflects the level of uncertainty that they see in the world today. doug oberhelman is the chairman and ceo. he says that they are encouraged by recent improvements in economic indicators but remain cautious at this point. worried about things maybe taking a turn like we

the dow is up more than 100 points.an the united states become energy independent in the next 15 years? yes says one oil and nat-gas chief if the government stays out of the way. magnum hunter's gary evans joins tracy byrnes and ash webster on fox business next. don't miss it [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer aice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. ashley: good afternoon, everybody. the dow is up 110 points. i'm ashley webster. tracy:

the dow on pace for its best january performance in decades. hard for me to even say it, but will that carry over into the rest of the year? we have some very different views on that. >> we sure do. dow 14,000 could hinge on tomorrow's jobs report. we're going to navigate that for you. the market shrugged off that disastrous gdp number and may not be so forgiving if employment is also weak. we'll check on the preview for the jobs numbers and see where we stand as we approach the final hour. the dow jones industrial average flat on the session, down about 8 points, as you can see there, at 13,901. nasdaq composite looks like this, similar chart pattern where we actually saw a bounce in the last couple of minutes on the nasdaq and the s&p 500. on to the nasdaq where we actually see gains from the nasdaq composite, up about 3 point on the nasdaq and s&p 500 right around where it began the session, down just a point. but here's the number we're focused on today, write this number down. 13,886. if the dow ends today above that level, then it will be

the dow futures, s&p futures indicated slowly lower. dow futures down by just about 10 points.up by 1.4. we've got a number of dow components reporting this morning. verizon out with earnings. that one is indicated lower. trading lower in the free market after it missed expectations. travelers and du pont are trading a little higher after they both beat expectations. we're still waiting upon johnson & johnson this morning as well. >> dow transports have been surging lately as you've seen. the index is up nearly 14% over the past two months. and is leading the gainers so far in 2013. so is there still room to make money or has the train already left the station so to speak? joining us now senior research analyst at avondale partners. it must be on the idea that the globe is shaking off some of its doldrums because oil prices are still, you know, above 90 dollars and yet transports are at a high. it must just be on the notion that growth is accelerating globally. >> that's the notion. certainly you've already pointed out we were oversold. we were planning for doomsday. some peopl

the dow is up 68 points. not only to 14,000 watch, maria, but we are only about 1.5% away from all-time highs on the dow. >> unbelievable. >> that's how far this market has come, a market, by the way, that you've said for weeks has wanted to go higher. >> does not want to go down. >> you know who does not believe in this rally, the man behind gloom, bomb and doom report. he's here with us and we'll find out what his problem is with his market. in the boom part of his theory. when does the doom come in? we'll talk about that when he joins us. >> don't call him dr. doom for nothing and amazon out with its critical earnings report. this one has the holiday shopping season all over it. of course, with amazon, investors so far worry more about growth than actual profits. we'll see how the stock reacts once the markets come out. >> in the markets, see where we stand, the dow jones industrial average up 68 points, 13,950. last trade on the blue chip average closing in on that 14,000 level. the nasdaq composite looks

checking the markets for you, 48 points away from dow 14,000. right now the dow is at 13,947.78. points. the s&p is up about half a percent or 6 points to the up side. nasdaq is bucking the trend today. it is down 4 points on the trading session, ty. they are trying to push it a little down here. >> let's look at something else fun. where else to roll out newest and fastest luxury sports car than miami international airport. for the first time ever the airport closed one of its runways so it could be turned into a drag strip for the new lamborghini lp 700-4 roadster. hopefully your flight wasn't delayed. kind of reminds me of the closing scene of "argo" if you haven't seen it already. the vehicle is 180 miles per hour. isn't that sweet? if you're prepared to shell out some serious cash, you can have one of those cars, the basic model, stripped down, basically, $400,000. sue. >> and it's very pretty, too. all right. apple unveiling a new ipad. it's got more memory but will the $800 price tag put people off a bit and not want to buy it. profits at harley davidson moved to the downs

then the sky high dow transports. it confirms the move in the major averages, both s&p and dow jones industrial average. tyler, back to you. >> thank you very much, sue. and three big stock stories to tell you about right now. the information that every investor needs to be armed with before making his or her next move. courtney reagan on where the retail sector is. jackie deangeles on winners and losers as we approach the record highs but we start with kayla. >> line us up. >> i lined you up like bowling pins. >> thank you, tyler. a different down in 2007 before aig, city and general motors after the crisis. but still soaring highs. dow is down roughly 270 points or so, shy of touching that 14,164 point record high from that year. still high flyers in the dow in today's move-up. johnson&johnson trading in level answers neither company seen since their ipos in the 1940s. proctor and gamble and home depot hitting multiyear highs. look the a the index from then until now, exactly half the dow is in the green. home depot

the dow taking a breather on its march to an all-time high. level to beat 14,164 unchanged set back in october of 2007. let's get to kayla tausche. >> it's been a long and winding road for the last five years, but even with the dow just shy of that high, today did see some big movers as well. mcdonald's and caterpillar on the back of its earnings, boeing and travelers are the days laggards. verizon and boeing the only finding themselves in the red. bank of america also turning down in the month. disney and united technologies both up better than 9%. and hewlett-packard having the best january up 20%. likely on sympathy for a possible dell deal. because h. rks is actually the worst performing dow component in the last ten months. tough times for all of teches. intel and microsoft also seeing big declines. and home depot riding the housing market. and bank of america lifted by financial sentiment. bank of america though, the worst performer since the 2007 rally. down 78% since then. alcoa down almost as much app and hp down 67%. the biggest winn

dow points which basically the rear to take out the amount of the dow the dow would be negative rightly numbers, fraud and higher, cloud computing, business analytics software helps their numbers and revenue, software revenue 3.5%. good news for ibm means good news for them. date cheryl: big technology named coming that. overall stocks reaching levels not seen since before the great recession, the dow and the s&p continue to hit multi-year highs but could we be in for a correction? capital president andrew k. newly joining me. you say correction is overdue. you are more bullish bet you might start with you. wire you worried about a pullback? these numbers we are heading over and over every session? >> typically when you are sort of in a circular bear market you will see a correction after this period of time, an aversion to the mean look at it, but if we are emerging from this circular bear market and moving into a secular bull you should not be concerned. for long-term investors looking through this, if you have a lot of cash and looking to commit to the market you might take a pause

the dow, at 13341 at the moment. what bam do you see for the dow?> i think you're going to push it, liz, on the upside to 13 # 500 or 13600. but the s&p, close to the upper end of the range, nasdaq, 100, as high as 2800 or 2850, but the point is that i think at least for the next three to six months this will be much more of a range game. take advantage of the big rallies. take profit. reduce equity exposure getting closer to the big levels. liz: but the fed put in a huge down body pillow, okay? with the qe3, 4, 12, whatever. they put -- it's like the infomeciasls with the body pillow where you get come my. will we see those kinds of ranges? >> look, as i said, i still think there's -- if you look at the major drivers of global economic growth, you asked still major question marks on the recovery. europe, again, stabilized, but by no means out of the woods, and, china, the other major driver, depending upon how the u.s. and europe's recovery evolved, that's going to have a big impact on china. you have the major drivers of global economic growth wit

dow's up 260.n stories, a newspaper in the suburbs north of new york city posted a map on the website showing which homeowners have a gun permit. well, now, that newspaper hired armed guards to patrol the area. tons of calls and e-mails poured in after the map was posted, and right after the nra called for armed guards in schools, new jersey will have armed police patrolling their school starting today. the decision was made by officials last month after the massacre in sandy hook, in new town, connecticut, that killed 26 people. all right, judge, two issues here. deal with the newspaper first. they published the list of homeowners and their addresses. they got guns. they publish it, and now they are protecting the officers with armed guards. >> they are obviously being inconsistent, and they don't know why they feel they need armed protection at the newspapers; however, i think it was wrong for them to have revealed those names, but not unconstitutional or unlawful. from a moral point of view, thi

the dow and the s&p, five-year highs. the nasdaq, that's up 13 points and there's the s&p now very, very close to 1,500. a gain of about three points at this hour. >> the dow starting to sniff, not just five-year high territory, but a few points away from an all-time high. >> i think i said that. >> in today's -- aim sorry. >> i was lip synching. >> michael pento with us and jim bianco of bianco research and robert zagunis from oregon, jensen management, and thanks so much for joining us. michael, i have to start with you. you've been 50% in cash all this time, and we ear setting these highs. >> sorry. in january we went almost 90% long in stocks. and enjoying this right up and i'll tell you why. money supply is growing at a 10% annualized rate, up 8.9% year over year. where is the money going to go? not in the bond market. going to the stock market. the republicans are incapable of embracing austerity. the government is borrowing the fed's money into existence, and it's driving another bubble in stock prices, what a surp

the dow was up 122 points and now a gain of 109. we'll keep an eye on this as we head towards the close. >> coming up after the break, our exclusive interview with larry fink, black rock ceo, he'll tell us what's behind the 5% jump. >> and another cnbc exclusive. we'll speak with ebay ceo john donahoe and why mobile payments could be the key to ebay's success and his company involved in a controversy involving president obama's inauguration. more on that coming up. >> ebay trading at a seven-year high. is there more room to grow? that and much more coming up on the "closing bell" here on cnbc. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or c

it's one of my favorite dow stocks. ibm needs to show it's not falling prey to the centrist letdown. it's cheap, can easily double it's 4.2% gain from last year. the fact that coca-cola only increased 3.4% show as weaker dollar. microsoft. hard to love given its pc-based earnings power. yet last year's 2.9% increase does seem a little stingy considering the company's new product cycle. if you watch a football game, windows 8 is on there more than phil simms. i think the stock can return to the le 30s from 27 where it is now. if not, i suspect this will be a year enough management and reorganization. where's oracle when you need it? can you believe boeing's done nothing? next to nothing. 2.7% is next to nothing. despite its new product cycle, the dreamliner series, a trimming of that gain could be reasonable this year. i expect a terrific quarter, the first of many, though my trust likes united tech as a better player in the new world wide aerospace cycles. i see boeing going to the mid 80s. chevron getting the edge for

who are the culprits behind the dow's underperformance? who did well, though, in a futile attempt to save the index? and what's next for the venerable but oh, so out of sync 30 dow jones stocks. let's rank them from best to worst, see how things ended up this way and see who is going to give us the oomph and drag us down next year. first is bank of america. it was the top performer in the dow, 108% gain last year. given how cheap it is and how the housing recovery is still in its infancy, i wouldn't be surprised if there were still bigger gains to come. now that the ceo is on record saying he's ready to step up his lending, they could outperform other banks. and then there's home depot and frank blake, the management here has been taking share aggressively and i bet the post-sandy rebuild will be terrific for business. i see another fantastic year for the home despot. disney with remarkably resilient espn numbers. i think the stock can go up 10% from here easily. it's already started to recover, meaningfully from the so-called disappointin

another leap toward dow 14,000. new the markets have to deal with adp, gdp, and today's fed meeting. as boeing prepares to roll out results, more details about when the arizoni aerospace giant kne problems for the dreamliner. >>> and margins better than expect expected for blackberry. it -- for amazon. it's wednesday, january 30, 2013. and "squawk box" begins right now. >>> good morning, everybody. welcome to squaw"squawk box" he cnbc. today we have the four bs -- ben bernanke and the fomc holding their first meeting of 2013. investors watching carefully for any change in strategy to boost the economy. blackberry 10, research in motion is unveiling its latest and greatest device in hopes of saving the battered company. boeing, the dow component releasing quarterly results around 7:30 a.m. eastern time. we will have instant reaction and more on the dreamliner battery drama. and last but not least, the bulls going on another run. the dow jumping another 72 points to close just 46 points away from 14,000, just 210 poin

ashley: nickel, -- nicole we'll bring you in here the dow is down 15 points on the dow.most interesting part, we were standing right here, the unchanged line. then you got in the numbers and them talking about this. and talking about strains on the global markets and downside risks. we immediately sold off are got to these levels, down 15 points. when they talked about how they were going to support the recovery, with purchases in mortgage-backed securities and treasurys of 40 billion and 45 billion per month, then you started to see we moved into positive territory. we know unemployment remains elevated. you start to hear about the downside risks and still concerns about unemployment then we sold off. the fact that the fed is there with the fruit juice, the hi-c, whatever you want to call it here you go, money, money, then we go back. tracy: sandra, let's grow over to you. what is the reaction in the pits by you? we saw gold up 1%. >> i have to things as you see it. the stock market pretty much unfazed by the fed statement. down here you will definitely hear some volume

dow futures down by about 22 points. yesterday, the dow dropped by 42 points. that was the third loss in the last 15 sessions for the dow. you've been killing me on that. the s&p is down for the second time in seven sessions yesterday. take a look at oil prices this morning and you'll see energy prices down about 30 cents. and at this point, the ten-year is yield iing -- trouble role, please. we're frozen at this point. yielding 1.972%. the euro yet was at a 14-month high versus the dollar. and you can see right now, the dollar is stronger against the eu euro. gold prices are down by about 6.30, $1675.30 an ounce. right now, let's get to the global markets report. ross westgate is standing by in london. good morning. we haven't seen you in quite a while. you have a lot of red behind you this morning. >> we have, indeed, becky. i saw andrew more recently than i've seen you over there in davos. yeah, look, we are down. you can see decleaners outpacing the decliners. we're down at the session low. down around .0. the spanish market down 1.5%. that's down to bank s

the dow down 5, hovering around 13,600.feinstein will introduce a new assault weapons ban next week in the senate. one of the toughest gun control bills debated in congress. coming up next we'll talk to the man who wrote the original assault weapons ban. what will be different with the new ban? find out next. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everi'm with scottrade. me. (announcer) scottrade. awarded five-stars from smartmoney magazine. i had[ designer ]eeling enough of just covering up my moderate to severe plaque psoriasis. i decided enough is enough. ♪ [ spa lady ] i started enbrel. it's clinically proven to provide clearer skin. [ rv guy ] enbrel may not work for everyone -- and may not clear you completely, but for many, it

we aren't going celebrate the dow 14,000 level. to presume it's top is no more prescient than what i thought in 1989. to think it is more expensive is fanciful. we were too high. i could argue that we don't belong here this time. maybe we will look back and find out that we were too low. corey in texas. >> jim, thank you for taking my call, and the time. the stock that i was calling you about was sony, sne, with the change going on, trying to sell the building in new york, and china potentially lifting the video game console ban, what do you think about that? >> the yen getting cheaper is going to help. you need product, and earnings momentum and they don't have it. i'm not a buyer of sony. i would be a seller on any lift. i feel the same way in the past, but learn from my mistake. cynicism is not skepticism and it may actually be time for optimism. "mad money" will be right back. >> coming up, how high? the market continues to hit new five year highs but the big question remains will we get a pull back before soaring to new all ti

the dow and the s&p. i'm also looking at what the vix is doing. over the past week has been having a pattern of higher highs and higher lows and climbing up to the 18 to 20 day moving average and i am watching how they are narrowing in. the fact that people are so complacent going into the meeting ended to february when historically february can offer you a pullback. i would have more concerns. cheryl: you have overbought, but a two-week high on the volatility index which tells me something isn't quite sit right with many investors out there. do you think it is just a mass run-up? do you think it is economic? what do you think is the cause of this? >> at the end of the year the tax uncertainty left traders on the sideline. new money started chasing the market, we had a breakaway gap in the market, we haven't had a runaway, very few corrections, and now what is happening is it is falling off as they say i shouldn't be chasing it up, maybe there is enough reason to take me off the table and get myself ready

for the month the dow is roughly 6% higher.see its best january since 1989 when it gained 8%. also the dow transports reaching a new 52-week high. the 13th consecutive day. and also don't forget the nasdaq on friday closed more than 12%. that wasn't its all time high but still quite significant. even as apple lost ground, it hit a milestone. it relinquished its most valuable company interest to exxon on saturday. all eyes will watch between the two. back to you. >> thank you so much. >>> so if you believe nothing rose to the sky is the market voice for a pullback, we thought we'd talk to a couple of people who can read what's happening in realtime as good as anyone. >> jared greco has been on the floor for 12 years. he says while there is some talk of a pullback, the table is still set for significant upside here. also our bob pisani who of course lives here on the floor of the stock exchange. good to see you. you think this market still wants to go higher. what do you see happening? >> it does. there's a global appetite for ri

in the s&p so the s&p and the dow moving higher once again, the dow is at a five year i like the isn'tr the first time since 2007 so these are stellar markets. it is great to report to people who are along the markets. a nice run. on the other hand we started talk about apple which has come and the significant pressure trading as low as 450 after its quarterly report. the short sale rule is in effect if you dropped and% in regular trading exchanges prevent sales and a certain way, you can actually sell stock to prevent a pylon on the stock that is already beaten down. that is the case today apple. [talking over each other] >> thank you very much. economic data coming in, jobless claims at a low as point since 2008. my next guest says when it comes to the economy many big risks are out there. the director of equity trading joins me now. you are looking ahead to the debt ceiling and saying another policy error could be a big market hit. what do you mean by that? >> we look can't think we are still in this leveraging scenario. it is not over. debt levels are still high in the u.s. and man

if you look at the dow jones right now, the price-to-sales ratio is 1.28. the most it will go up to is 1.5 so that leaves 17% on the upside or if hundred points. more importantly you look at the s&p 500 companies, they are sitting on 1.5 trillion in cash, 1.5 trillion -- >> hold on. you think 2,300 points in the dow? what are you talking about? >> very much so. >> i mean. you're talking about the high in 2007, michelle, was when the price-to-sales ratio of the dow jones was at 1.8. we're 40% away from that number, but, i mean, the companies are in great shape. there's so much cash sitting on the sidelines, and at some point in time the investors are going to get out of fix the income and move over towards equity. >> can i ask you a question and i'm very much concerned about this. what happens when the bond bubble bursts and those investors flee bonds and go into the stock market for a very long period of time, say about three, six months, get 200, 300-basis point move in bonds. what does that do to the housing market and the economy? what does it do to debt

right now the dow moving higher, dow transports moving higher. the dow jones industrials moving down. david: look at another transportation unit. cars are feeling heat from what is happening over in europe. germany seeing a contraction in their economy. whether or not it is a recession still a little too early to say. as a result of what is happening in europe these stocks are down. gm was down over 4% today, big loss for the car companies because of europe. liz: and two vix etfs, volatility exchange traded funds, hitting new 52-week highs. even though the volatility index continues to tumble. what you see are two where you can make bearish bets on the vix, that would make sense, right? xiv, as you see. we've got them moving higher today. david: the battle over the debt ceiling and paying the bills that d.c. is racking up continues. representative jerry nadler, happens to be my representative, he is looking to stop future fights. he has introduced legislation to end the debt ceiling debate by getting rid of the debt ceiling all together. but woul

we see the dow jones industrials up about 55 points. the market remains to this trend to the upside. we wanted to take a look, also, at a name on the move. that is boeing. they are under pressure again. it has been flagged by one issue after another. it has now been grounded by the faa over in europe. for the month, it is down 2%. on the one hand, it is horrendous and having a pr nightmare, on the other hand, it is what new planes do. the stock is down only 2% for the year. that is not that bad. considering. dagen: the faa joining companies around the world and grounding boeing 7873 liner -- boeing 787 dream liner. jeff: the plane came in from warsaw, it did not the part. it is still on the ground. just one of the planes has been grounded both here, in the u.s., europe, asia, as well as, in the middle east. here is what we know at this point. it is the first time the faa has grounded and aircraft since a historic flight. chicago. american airlines flight 189. it crashed on takeoff. it turned out that the engine fell off that aircraft an

the dow is down about 14 points right now. we have had the dow not too far off of 14,000. there are five year highs that we are sitting at. the dollar had broken through. you have seen the euro at 13 month highs. with this environment, you are seeing gold up $20. this is the market taking a breather. it does not surprise people on wall street. let's take a look at chesapeake energy. we know that the ceo will be stepping down on april 1. there it is. up 5.5%. what is the potential going forward? it is what you should continue to follow. back to you before thank you, nicole. contracted for the first time in years. peter, good to see you. the ten year treasury yield is about 10%. the markets barely selling off. what do you say? >> they need to worry. it is interesting that the last quarter of the avant-garde is the weakest of his presidency. it shows me that the temporary euphoria of the stimulus is holding off. i think the fed is getting ready to up the dosage of the stimulus. interest rates are rising despite this it the dollar is tanking. if it was not for the japanese yen

these are not all dow components the first three are dow components.re actually red. it is not a broad-based rally as it was before earlier. back to you. melissa: nicole, thanks so much. lori: one thing hurricane sandy taught us most gas stations can run out of gas in a disaster. you would think that would force an immediate shift to electric vehicles. the liz claman continues her coverage at davos, switzerland, at the world economic forum to rev up the discussion when if ever people will flock to all electric vehicles. liz: if you had to pick the biggest believer in the electric car revolution it would have to be guy sitting next to me, carlos ghosn, chairman and ceo of nissan-renault. can i call it a revolution? >> it is a revolution. it is happening. a revolution you don't always control the time but we're getting there. >> when you say getting there, you cut the price of the nissan leaf by 6,000 u.s. dollars. does that mean we're not that much there that you don't have to add a little incentive? >> this is something we foreseen from the beginning.

dow back above 13900 here pushing the five year highs on the dow and s&p as well.arter of 1%. back to you. ashley: monday gremlin. tracy: i guess, but another case for why we need human beings down there. ashley: that's right. really fouled up with the computer. will mariss meyer deliver? hoping wall street's new ceo brings a turn around. we'll have a preview next. tracy: first, going to break, a look at today's winners and losers on the ins deck. we'll -- nasdaq. we'll be right back. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. tracy: durable goods orders surges in december,

the dow down 20 points. virtually all of that attributable to the decline in boeing today f.boeing weren't down as much as it is, the dow would be unchanged right now. >> pretty extraordinary story going on in boeing. we're going to delve further into that. meanwhile, rocking with the bank earnings today. that's what is in focus. jpmorgan, goldman sachs and at u.s. bank core, we saw u.s. mortgage lending helping to drive growth. is the firm taking on too much risk in the housing market? we'll talk to chairman and ceo richard davis who is with us today. >> another day, another rally for research in motion, maker of the beleaguered blackberry. the stock is up 37% in the past month. >>> and after the bell, how much is mobility impacting ebay's bottom line? did christmas surpass expectations or beat them? instant analysis coming up on the "closing bell." stay with us. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national.

while the dow now has been climbing, we found out this morning that the economy, despite the dow, hasn'towing. in fact, it contracted in the fourth quarter of 2012. this is the first time that's happened actually in more than three years. so do we want to talk to? steven moore, i wanted to have you on the show here, our senior economics writer for "the wall street journal." welcome back. >> thank you. i wish we had better news to report. >> we bring you on and it is all, like, debbie downer stuff. let me ask you this. it is not if you have your 401(k) and you're pretty stoked looking at the dow today. but my question is, when we're looking at wall street, versus main street, why are they not in harmony? >> well, it is a great question, because you're right. investors have just made out like bandits in the last 60 days or so. the stock market has done very well, as you just mentioned. we're at or near an all time high. and the economy just -- the real economy, for workers, really is still pretty poor. and this -- everyone was very shocked, brooke, about the number that came out today. peo

the dow was up 100 points today. we had this rally continuing here, but we have come off those highs. we'll see what we can do in the final hour of trading here. >> we'll see what we can do. i'm mandy drury. standing in for maia. she will be joining us nonetheless very soon from davos speaking with citi ceo michael corbat, the first interview since the controversial exit of his predecessor vikram pandit. >> look to that very much. plus a rare interview with controversial billionaire george soros and house majority leader eric cantor is in davos talking about u.s. debt issues and seems to be laying down the gauntlet for the next fight with president obama so we look forward to some very high-profile interviews coming up. >> and guess what our stock of the day is, yeah, you guessed it. it's apple. that stock is down nearly 11%, nearly 12% right now. first gets worse for the iconic company. overdone, a little overexaggerated, all this selling and how much of this has to do with the loss of steve jobs? >> we'll keep an e

pfizer a dow component up 3%.t the patent for lipitor they're working hard to push some of their other drugs. they reported a better than expected fourth quarter for those results, rebounding seas in emerging markets is an area that helped. forecast is not to great for 2013. eli lilly another name on the move up 4% there. we're also watching valero, a name doing well with the margin they are seeing. so that is up about 11%, big move there. tupperware, fourth quarter profit fell. they did face charges but you can see here it is looking pretty good. the stock is up almost 5%. harley-davidson pinpointing the demand. which bikes do consumers really want? that is how they plan on tackling 2013. to really give consumers what they really want. back to you. lori: nicole, as you're reporting we're less than 50 points away from dow 14,000. glad you got your eye on it. melissa: there you go. all right, the new and improved office. microsoft overhauling its franchise software for the first time in three years but to what sort

dow futures up just about 11 points.y over 30. >>> still to come, he runs the nation's largest hedge fund. find out where ray dalio is putting money to work for his clients. dalio in davos. and only on "squawk box." >>> welcome back to "squawk box," everyone. we've been talking about apple shares this morning. why don't we take a look after that earnings report forecast that clearly disappointed the street. apple stock has tumbled by more than a third from that 705 dollar high that it achieved back in september. its earnings per share did beat the street. revenue came in just slightly below what was expected. but it was the guidance that really spooked people on wall street for a long time now. apple has given this very conservative guidance. now they say they're going to try and be more realistic, giving you a range of where they really think things are going to be. you can see in the premarket that stock is down by $46. a drop of 9%. we are also just an hour away from the latest figures on initial jobless claims. last

but the dow transports versus the dow industrials.dow transports hitting another historic high. outperforming the dow industrials as has been the pattern for the past month or so kansas city southern and union pacific hitting historic highs. kansas city southern beating the street on top and bottom lines. the airlines outperforming since the november 16th low. delta among the gainers again today after matching estimates. southwest higher, too. it is announcing this $40 charge. you can guarantee you're one of the first 15 on board the plane. us airways also up nearly 2%. some deals going on in the health care space, wellcare looking to buy, and health stocks getting a lift from the obama care. so gains across the board in health care. >> thanks, courtny. >>> shares of microsoft are slumping, the last trade on microsoft, let's look at the chart, down about a third of a percent to 27.15. that's well off of the lows of the day. this after david faber reported that the company was in negotiations to invest between 1 billion and $3 billion

it is a dow component. widely held.aybe in your portfolio today we're looking in a move to the upside, but it has been choppy over the past week and a half. each of those tips coinciding with headline sitting the tape about problems with the 787 dream liner. now, perhaps, the harshest cuts so far, all airline scrambling to reshuffle flights as governments around the world vote -- forced boeing to ground all the seven a seven. suppose to be celebrating. there not. howdy use a nightmare in polish? >> actually, i lifted up. that is exactly what is happening. they were inaugurating were supposed to the flight between warsaw and chicago. a very popular route. take a look at where the aircraft is right now. supposed to have back last night it is still parked here today. we went around to the back of the airport and get a look at the 787 dream liner. two are flying. it is now grounded along with 49 other aircraft around the world. a huge hit for boeing and also, i might add, the first airline to say, we are going back to boein

>> reporter: michelle, one of the things that the bulls and dow theorists look for when you get the dowl average hitting a new high, make things, followed by services along with transport, people that move people and thing. the best percentage gainer, kansas city southern. fresh all-time high for the stock after its earnings were much better than expected. new highs as well for delta. up 18% year to date. southwest, up 12% year to date and j.p. hunt, historic high along with union pacific railway. bill? >> what a transition. thanks you very much. delta shares hit a new solid two-year high and airlines one of the hottest sectors in the past years so should you get on board with delta, for example, or are you better off with a discount carrier like southwest which is pushing the boundaries with new fees? now introducing this new $40 charge if you would like to board early and make sure you have room to store your carry-onbag. today on the technical side, carter worth, chief market technologies on oppenheimer. on the fundamental side, zachary kas kas karabell. who do you like? delta or sou

dow down 25 points. stay tuned for ebay's earnings among others with the second hour of "closing bell" and maria bartiromo. see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the market is snapping up a five-day winning streak. the dow jones industrial average finishing lower today after five days of gains. as you can see, the dow jones industrial average down about 27 points at 13,508. nasdaq and s&p 500 higher just by a fraction. the nasdaq picking up 6.75 point. certainly sold off from the highs. by the end of the day, technology still one of the better performers on the street. s&p 500 higher by a fraction. the banks mixed to fractionally better on the session. just moments away from ebay's quarterly numbers. first though let's get straight to the market action. joining me right now is jeff sought from raymond james and jeff ickes and our own rick sant

big thing for dow chemical.e want to reinvest in america because we can be competitive out of america. that agenda has to be put on the national agenda. i know the second term president is very keen on doing that. liz: the first term president was accused of being anti-business or not as friendly to business even though he brought a lot of business leaders to the white house and listened to them. many of them sat here and said you know what liz, though, he listened but i didn't see anything effectuated. do you think it's a different time now with president obama? >> i'm very fortunate that i was one of the ones that was called upon very early to help first term president obama. you've got to understand where he's coming from and his agenda and how he got voted in. liz: how hard is it to understand that businesses create jobs? >> not hard, but how hard is it to actually put the agenda ahead of the other agendas, probably difficult. but now the agenda is here. by the way, it transcends all classes. no such thing a

this is the dow's best january since 1989. the markets keep jumping higher and we look at why investors are jazzed about stocks. that run-up is part of the reason our market monitor guest is bullish on stocks. john rogers of ariel investments joins us with his top buys now. and after a week of heavy selling, apple is no longer the world's biggest company, exxon mobil goes back to number one. that and more tonight on "n.b.r." what a week, what a month, what a year. the stock market is on a tear with both the dow and s&p 500 closing at their highest level in five years. some say the gains are seasonal, others point to fundamentals. here's a look at today's numbers. the dow surged 70 points. the blue chip index nearing 14,000 and its record high back in 2007. the nasdaq added 19. and, the s&p gained eight, closing above the important 1,500 mark and advancing for its eighth day in a row. suzanne pratt takes a closer look a what's behind the recent rally in stocks. >> reporter: as months go, january is typically a good one for the

has a decent outlook moving the dow upwards; right? hp doing well. and the fear index back to the upside. talk about volatility, and we're also seeing the dollar stronger which pressure things a little bit. that's the latest here on the floor of the new york stock exchange. what's going on in chicago, sandra smith? >> hey, nicole, energy futures, a lot of movers here on the cme group today. natural gas futures, one of the biggest movers to the downside today. natural gas through a direct result of warmer weather coming up, decreasing the need for natural gas, and, therefore, decreasing the price. heating oil prices pretty much flat, but crude oil back above $96 a barrel hitting four month highs. that durable goods number, better than expected in december, up nearly 5%. that is pushing oil prices higher leading to speculation we may need more going forward if the economy improves. gasoline prices, best performer on the cme group right now, wholesale gasoline prices up 2 #% hitting three month highs as one shuts down a major east coast r

the dow jones luxury index is at a multi-year high right now. this company caters to wealthy folks, primarily wealthy women. i think that urban outfitters, on the other hand, has exactly the wrong demographic. they are into the young hipsters. unfortunately, though, unemployment for people in their 20s right now is 11.5%. >> right. >> so selling knickknacks to hipsters for them to take home and put into their bedrooms which by the way are the bedrooms they grew up because many are unemployed or underemployed is a very poor business and that's why this stock, urban outfitters, has had a nice run later and badly underperformed in the last couple of years. >> the charts tell an entirely different story. look, we're in a bull market here. the next leg has begun in earnest. stocks like urban outfiters is where you want to be, and when you pull the chart, you'll see precisely what i mean. for the past three years this stock has been rounding into form. see the beautiful base of support of support. when the context of the base we see the breakout patte

the dow and s&p are at five-year highs. everybody remembers dow 14,000 back in 2007.folks, right? take a look also at names that reported quarterly numbers. we're looking ibm. also united technologies and mcdonald's. break it down a little bit here. mcdonald coming out with their numbers. that is up half a percent. it is really ibm, cloud computing, business software doing so well. up about 5%. accounting to for 70 dow points. technology hitting 52-week high. elevators, air conditioners, also a winner, up 3/4 of 1%. those are names doing well. a market breath is doing well at 2:00 p.m. pack to you. tracy: thank you, nicole. see you in 15 minutes. >>. investors are egg schussly awaiting apple's latest earnings report out after the bell. how will the tech giant do after seeing its shares slide almost 30% in recent months? joining us now is the senior technology analyst with mizuho securities. thank you for joining us. from what i can tell you think earnings will fall pretty much in line with what is expected but what in particular are you looking for in this report? >>

dow down 71.5 points, at its worse. the dow was looking at a triple-digit loss. got down to about 91 points or so, still sitting down right now. nasdaq, s&p are off with one hour to go in this trading day. maria? >> we'll get much more on the markets coming up, but first steve liesman with breaking news right now. this is the latest read on the u.s. economy. steve, what can you tell us? >> maria, thanks very much. the federal reserve reporting consumer credit for november, consumers in a borrowing mood with consumer credit rising 7%. non-revolving credit, auto, student loans, up by 9.6% with a big rise in student loans. the federal part of this thing was up pretty strongly, and non-revolving credit was up 1.1%. student loans up by $5 billion to a record $521 billion, and outstanding bank credit card was up by 6 billion as well so banks were not shy about alleged on the credit cards. meanwhile, jeff lacquer, fed president saying growth at 2 it is is what is expected for 2013 but 2014 could be stronger with reduced risk and ending some of the financial uncertaintie

what you're looking at right now is the dow industrials.nt, but what we're really looking at, guys, is a particular number, and that is 14,000. as you can see, we're up by 65 points right now, and we're only a stone's throw away. 1.5% away from cracking the 14,000 mark, a level we've not seen since october 17th, 2007, way back in the heady days of 2007. guys? >> that's when a-rod was hitting, and another day and another ugly headline for sports. the "miami new times" reporting some of baseball's biggest names may still be using performance enhancing drugs or have used in the last few years. brian schactman is here with more. the biggest name on this list, perhaps the biggest name in baseball. >> he's made more money than anyone in the history of baseball, alex rodriguez, and i just want to point out, his attorneys and reps deny any wrongdoing here, and they deny any connection, but anthony bosh, according to the "miami new times" has provided hdh to a-rod and melky cabrera who was busted this year by still signed a $60 million contract with

tuesday, kicking off with five dow components. chemical giant dupont, johnson & johnson representing big pharma, verizon, ibm and travelers, google's first earnings since last quarter's press release misfire showed falling ad revenues there. on wednesday, mcdonald's expected to post flat profit from a year ago during a quarter where same-store sales hit a roque patch. after the market closed, netflix reports. a key number there is subscriber growth. investors watching nothing more closely than apple. hit with a spate of recent downgrades and potential profit warnings. moving on a thursday, maria, starbucks, xerzier objection an three dow components and microsoft and how its surface tablet fared during the holidays and honeywell and procter & gamble. wall street is expecting 111 per share from pmd's bob mcdonald in the face of activist pressure on him and the company's board, maria. that's what's on tap for next week. >> great week, big week. kayla, thanks so much. financials were certainly stars this week when it comes to earnings

right now the dow jones up 68 points at 13,781. the all-time high for the dow, 14,198. about 400 points away from that high water mark set in october of '07. so far this year, the dow is up 5% and that's only really about 14 trading days. turning to the s&p, more than 4% higher this year as well. that indaeks now just, give or take, about 75 point from its all-time high of 1565 which was also set in october of 2009. so there's pretty good mood down here on the floor, ty? >> thank you very much, sue. let's get back to the breaking news in washington. a vote on the debt ceiling. we will get to john harwood in a moment on what it means for the white house and senate. but first, apple eamon javers on the hill. >> we expect it to pass, maybe tighter than republicans would like the vote count to be, but ultimately what the pleasure would do is extend the debt measure through to may 19th and politically what it does is rearranges the order of the fiscal fights we will have over the next couple of months and it means we will fight first over the sequester. remember that's that