the weather could be having a profound impact on the data or there could be true economic weakness out there. the fed did this back in september. they paused to get clarification from the data and when the data in your opinion clarified they went ahead and began to taper. i think they would not lose too much credibility -- >> but steve, it's almost the issue, you know this as well as anyone if janet yellen raises this, even raises, even obliquely refers to it the market will price it in immediately and then they'll be in a bind. >> she would do so in order to probably create such an event. i mean that's why she would do it. >> rick do you think -- >> i have to say that you're right, it's a little early given that the meeting, kelly, is in march. it might be a little early, but it may be an option out there worth thinking about. >> what do you think, rick? >> let's play some pepper. bill, do you think we're going to be in a recession anytime soon? >> i guess not, no. >> okay. do you think we're in an emergency here? is the market melting down in a fashion that seems like it's an emergen

what your stock prices were mixed tuesday on weak economic data on housing and manufacturing came in below forecasts the dow jones industrial average fell zero point one five percent. but that s the nasdaq gained two thirds of a percent rise in for an eighth straight session let's see how japanese markets are reacting we now had over tiling the epitaph the stock exchange. healy hall on the market opening this morning. maureen ryan braun says i'm truly sorry chance at the moment. and the opening levels will bless the fatter than the nineteenth. he's down to one point there is a two cent at fourteen thousand six hundred and eighty three and a broader topics is too low by zero point eight three percent. so we have seen quite a bit of profit taking at the open after the strong rarity on tuesday which was prompted by the bank of japan's announcement. they were in would lose is lending program. the central bank did not announce any further monetary easing but i was coerced. governor how do people put on asset to be legit and not hesitate to adjust its policy and that has raised hopes that

you have better economic data. investors not looking for safety. three-week low on the 10-year after the choppy data over the last few weeks and unrest in the ukraine. keene and histom team spoke to the philadelphia fed president and asked what he thinks of the mixed economic data we have been getting recently. >> the data is very noisy right now with the weather and other things. i think we have to be patient. the economy left the end of the year on a good note. i think it is in a position than it has been for a number of years. i'm looking for something close to 3% growth in 2014. that will continue to bring down the unemployment rate and allow the economy to progress. >> relatively optimistic. adam johnson has more on his comments. >> turns out not all banks are created equal. we want to thank mr. charles plosser, president of the philadelphia fed for pointing this out. the u.s.e banks in have fewer than 35 employees per day are effectively small businesses making loans to wall street. all the headlines seem to go to j.p. morgan, citi, and bank

we have weak economic data coupled with indexes breaking key support levels. many of the winners on the nasdaq 100 have now turned negative. you are seeing apple shares trade between positive and negative territory. investors continue to hit the sell button on biotech and biotech of course, one of the winning sectors in 2013. celgene one of those trading in negative territory. internet is lagging. amazon trading lower by about 3.5%, leading this index lower after reporting weaker than expected top and bottom line numbers. lastly, facebook. facebook did hit a record high this morning but since then, the stock has turned negative following increased selling pressure. but again, nasdaq breaking 4,000, now down 2.5% on the day. >> seema, thank you very much. >>> the money in the market is going to two places. the bond market and the metals market. let's check out where metals are right now. we have seen a 19 point gain in the gold market and silver is positive as well by 1.5%. so significant moves to the upside on the gold market. part of that is linked to the sel

you had slowing economic data. the currency issues from em spilling over and, of course, you've got china concerns around the credit bubble. so all three coming together have really led a flight to quality and the flight to quality, finally what you're seeing in fixed income is what you would expect. >> but do you think, jeff, it is a temporary parking spot for money? >> let's wait and see how things shake out, then we'll go into our investments. >> certainly it is a flight to quality. it's temporary in that people are benefitting from fixed income. that's really the value of fixed income right now. it's offsetting the risk in your portfolio. >> how have you adjusted your models for janet yellen, if at all? >> janet yellen represents a shift towards wanting to keep interest rates lower for longer. so the front end of the yooefr yie yield curve. obviously, tomorrow, the big data print for the short-term market, if you get economic data undermining the low for longer thesis, then there's areas in the fixed income mar

our economic data that came out yesterday in the adp reportism non-manufacturing were soothing to the markets and earnings were pretty good. last ofall, the retail stocksthey were a washout and most of them rallied yesterday. >>let's talk about olympic sized investing. is there any way you are playing the olympic games and what about the bricks? russia is in that area. are the emerging markets a place to park money? >>emerging markets are definitely a place to park money but you have to be very particular. you just can't put them with one big brush because when you have certain countries that have rising rates, lower fx rates you're gonna have capital outflowsnot a good place to invest. so i would be very particular. russia would not be at the top of my list right now. >>thank you for joining us today larry. take care. >>you're welcome. traders are juggling numbers ahead of the unemployment data...planned job cuts jumped a surprising 47% in january, following december's 13-year low. john challenger of outplacement firm challenger grey and christmas says the sector that took the bigges

this weather despite what it has done for natural gas has modeled the economic data models we all runo, long-term trend is improving economic data, that combined with in all likelihood continuation of tapering does that could to lower gold prices but the problem was everyone was bearish, follows stabilize and so we have a nice bounce off of the double bottom out of 1180. now we are just looking to test the 200 day moving average 1304 but it would have to get above 1361 technicians to really think this has a possibility of becoming a long-term trend. melissa: -- liz: are you supposed to buy copper? go for what people are running away from? at some point this is a model that will for once again? timing is everything obviously. >> is an impossible -- how do you make a fortune in trading gold? start with a large one. you can time this market but what you can say is what will do you wanted to play in your portfolio, we are not talking about -- the gold is real. just a question of what will you wanted to play in your portfolio. liz: let me get bob in on the conversation, pictures of what ap

that's on thursday, as well as important economic data out of the u.s. earlier many asian bourses rebounded from tuesday's sell-off. tok tokyo's nikkei got a boost from upbeat earnings results released by high profile companies. singapore's straits times index extended its losses, posting a fresh low since november 2012. and in hong kong the hang seng index dropped 0.6% to a near seven-month low. shares of macao casino operators took a beating after data show gambling revenue in the city grew at a much lower pace than expected in january. >>> moving on to currencies now, dollar/yen is currently at 101.22 roughly. analysts say traders are focusing on upcoming economic data out of the u.s. this does include a private sector jobs report on wednesday. meanwhile euro/yen is being quoted at around 136.74. the euro fell after december retail sales for the eurozone came in much weaker than what many economists had estimated. >>> morgan stanley has agreed to pay $1.25 billion to settle a case with u.s. regulators. the major u.s. investment bank is among 17 firms

i'm not the best is the one side stepping the economic data focusing more on your knees. let's look at how tokyo is taking off every fourteenth at the polls in texas tied at fourteen thousand five hundred and eighty seven we may be headed for a positive weekly close if we can stay above the fourteen thousand five hundred level which would reverse several weeks of negative polls is here for the nikkei since the start of this year and follow his lead to three percent decline last week. now the focus here major life insurance company is announcing its growth in profits here in japan for the april to december period based largely on the stalk up higher stock prices and of course at low or stalk valuation losses some to focus on a couple of the major companies here in their own lives and also night she lives at the end of the shares within that sector but also the focus here is going to be on the china's cpi that's gonna come out later today we'll see how that affects the japanese shares related to china markets that sell very closely watched economic indicator for china as we

and your own mood was pretty relaxing day due to some disappointing economic data on turning this is a mall to see mistake with regard to the future did not open ended said e w indices sentiment surprisingly the link a varied and also economic data from the new york area where weaker than expected. once again did german market value most. i was going to hold strong stock exchange as a cricketer kevin honestly imagine these acts and that the da as much as it's exciting just in time your son is used to excuse the slightly in the negativity and discussion across the atlantic the dow jones co anti also slightly negative technique on currency markets the euro was trading one used on the thirty seven fifty six and seventy two members of the punk band a christian riots which were detained and questioned on the fine lines of the winter olympics apparently far fetched. i could tell the police state and that is down to one of twenty coal by and smell the ideal team now when released after questioning and face no charges three again after just two hours in detention in a show of defiance not ye

she said the economic data, particularly consumer spending had

we look at all of the economic data that's been released over the past month and a half or so. we see that really the darkest spots in all of that data is the data points that relate to the consumer and retail here in the u.s. and that's a really big drag on walmart. we saw them cut guidance. we saw them miss for the fourth quarter in a row today. four out of the past nine quarters they've missed on earnings. i don't see any reason to get -- >> so why is that a macro story and not a walmart specific story? there are plenty of examples of companies in the consumer space f who are doing really well, disrupting the walmarts of the world. what do they need to do? >> right. so it might not be a macro issue. it definitely is somewhat of a walmart specific issue. like you said, there are a lot of retailers out there doing well. walmart has an incredibly large reach around the world and does have exposure to a lot of markets we're concerned about right now. the stock i don't think has any chance of heading too much higher from this level here. it sells off on earnings historically. i th

interest rates have fallen somewhat on the long bond over the past few months is because a lot of bad economic data has now come to the surface i was expecting all of this bad data because i was saying for months and months as the fed first started talking about tapering that if they ever actually did it they would have to undo it because the minute they tapered the markets would start to go down stock market real estate market the economy would start slipping back into recession and the fed would be forced to have to embarrass certainly reverse their position which is what they're going to do but i think the bond market is now getting ready for the fed to at least take a climb out on the taper and ultimately i think they're going to ramp it back up again and be doing more than eighty five billion a month now since. it's growth it's been poor during this recovery what can be done to get wages up in your opinion well first we need a real recession that is the problem that in till we clear out the damage that has been caused by all the malinvestment all the misallocations of resources that have happe

but the limit was also pretty sad duty disappointing economic data led to losses at the german market on the second straight month. the chinese industry he was drinking and the recovery in the eurozone seems to be preachy week leading to loss is sad to see essence like the coal companies. i was done and he also doesn't rank accent is a quick look at the numbers for you now. gemini stakes into the alliance as a closing at ninety six eighteen years on serious toxic hd. my classes that he won twenty one in the eon productions investors currently well in close to a tree. the duo is trading for one used on a thirty seven and ten now celtic elmo olympic medals and brit award says a creepy look at some other news making the headlights. should iran and six world powers have and that the opening round of nuclear talks on and on the nose. they've agreed on a timetable and framework to hammer out a long term report on tehran's nuclear ambitions the are set to meet again next month to focus on political and technical issues. should i. the trial of twenty ten lists of related charges is becoming c

plus china's stock market is off to a rocky start in 2014 following some weaker-than-expected economic data. is the downturn the perfect buying opportunity or is it a collapse that is just about to come? a bull versus bear debate on china still ahead. david: love those. ♪ [ male announcer ] what if a small company became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. open to innovation. open to ambition. open to boldids. that's why n york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. we're open to it. so i can reach ally bank 24/7, but there ar24/7.branches? i'm sorry, i'm just really reluctant to try new things. rea

the reality is that all the economic data supports continued economic growth, including today's adp numberwhat is the big deal? you can get a big number on friday around employment and ita is just change. the first thing i would need to get bearish would be the expectation of the recessionary forecast. d say that readingsay that r economics, speaking to the companies, the chance for recession is probably one out ol babl five percent? the second thing, and i said is a month ago, but now we are on er side of the equation, a quick 10% to 15% from the year-end level on a zone of valuation. that is not happening. quite the contrary, we are creating opportunity in the , rk the four thing would be growth under one percent or less, threatening the outlook of corporate rockets, or ternatively grte over thregr and a ercent, which would bring the fed into play. but the kenny steel computation, most bear markets are induced by recessions. the case for a recession does not seem to be a credible case. >> mr. cooperman, what are you buying? >> aig is generating a fair amount of excess capital, nine times

that said, the economic data, the big picture hasn't been that good. i was encouraged by home sales yesterday and certainly drove a goods today with business investment up at 1.6%. so that's encouraging. i think for us to take a leap higher we're going to have to get a little bit better macro data. we're planning on that but i don't think it's going to happen right away. >> quickly, steve and scott, you agree on the airlines. you like the airlines as a sector in equities and you've made a lot of money in the airlines. >> yeah, i think they keep going. there's still so many nonbelievers out there. i worry because of how far they've come? absolutely. do i think that they're going higher? yes. the risk element has increased undoubtedly. >> thanks. >> totally agree with him on that. they have pricing, the ability to continue pricing pressure. i think overall they will continue to grind higher. the capacity is very strong. i like airlines. >> thank you. thanks for being here. scott steagal with morgan stanley wealth management. >>> next up, as cnbc turns 25

they had one form of weaker comparable economic data along with some concerns about emerging market currencies in related countries. now we're starting, i think, to attribute a high probability to the weather-related impact on these economic statistics. we're looking back on track for a better economic climate on a go-forward basis in the u.s. equities remain the asset class of choice for most investors given the lack of alternatives in bond land and in cash. >> dennis, you have said you're quietly bullish. not anymore. now that we're mentioning it on television. are you skeptical on this rally? was the pullback we saw in january and february it for the time being? or is there more to come? what do you think is happening here? >> i've been around for a long time, but that break last week scared the bejeepers out of me. but this is still a bull market. we have to remember that fact. today's activity, i thought, was very impressive. every reason to sell stocks lower this morning. they tried to break them. they can't. it's still moving upward. it's still a bull market. you can only have one of th

has the economic data on the ecb more time?roving economic data coming from the eurozone. >> the inflation number, you cannot help but think that it smacks a little like last quarter. a month after a lot of people said, well, the ecb moved, maybe they will wait until next month, then, boom, rate cuts. that is what they did and they surprise the market. i think this is where the debate begins. the target at the ecb is at or below two percent. off, theo far advisement is something has to be done. >> we asked our analyst from deutsche bank to explain bond sterilization, and he said, improving money supply. you are not getting off lightly. i way to properly explain. >> i will say cash neutral. if he got in during the financial crisis, the ecb all the italian bonds in spanish bonds. this is controversy on the time because the bundesbank did not want them monetizing debt. the only way it was going up the front door was to make it cash neutral, and they did that by sterilizing bond purchases. if i go out and buy 175 billion dollars wo

any hint that soft patch we're seeing in the economic data is weather related, and growth continues, night, the are grand-daddy of all momentum stos, if they do well, that should keep some valuations lofty, if hey don't you get a halo effect. charle i disagree with jonathan athis ., i think if fed goes back to their decisn they pump the prime to pump it more, i think that street will be disappointed, at this ., i am seeing good news senses market up, bad news send its down, there has to be a . where market trades on good news. >>t is -- not ocean fashion, as long as fed continues to taper, thi market and investors, want the fed to continue to taper, i think they wil only taper if the economy isound and on good footing if that happens, if the economy is good they keep on tapering, overall that a good thing for stocks. charles: you are both fantastic, jonathan love you, you one of my 5 rit, i think, biassed will below upside, we'll watch thank you for watching. >> the world is on fire in and nothing youcan do about it. protesters taking paillettes a and stun grenades to the opposition

any hint that soft patch we're seeing in the economic data is weather related, and growth continues,earnings tomorrow night, they are grand-daddy of all momentum stocks, if they do well, that should keep some valuations lofty, if they don't you get a halo effect. charles: i disagree with jonathan at this ., i think if fed goes back to their decision they pump the prime to pump it more, i think that street will be disappointed, at this ., i am seeing good news senses market up, bad news send its down, there has to be a . where market trades on good news. >> it is -- not ocean fashion, as long as fed continues to taper, thing market and investors, want the fed to continue to taper, i think they will only taper if the economy is sound and on good footing if that happens, if the economy is good they keep on tapering, overall that a good thing for stocks. charles: you are both fantastic, jonathan love you, you one of my 5 rit, i think, biassed will below upside, we'll watch fomc, thank you, thank you forevethank you for watching. lou: president obama seems to have settled into his rule by

we have economic data in the form of consumer and price news. get more on this as we go over to beijing. coming out of the lunar new year holiday, china is showing some signs of living -- losing momentum? >> that is right, rish. at the beginning of the year, there was an expectation that we would see a strong first half of 2014 for china. so far the data is not supporting that thesis. we have had weak manufacturing survey data from china. at chinese ports have been falling. the service sector is also selling signs of losing momentum. it has been a pretty inauspicious start to 2014. have we seen a sharp shift in investor sentiment away from the emerging markets? how do china play into that? mind ishing to keep in that this is a hard landing in china causing the shift in sentiment of emerging markets. about emerging markets are increasing. another thing to bear in mind is that all emerging markets are not created equal. emerging markets with a current account deficit which are more reliant on external funding have been suffering more. china of cou

investors continuing to view economic data.n though the economic data has not been very good. but the markets are up this morning. netflix and com cast announce they have sealed a deal that will give com cast customers a better netflix experience. they are establishing a better direction. this is a first deal of its kind. >>> later this morning state senator mark leno will introduce a bill to close a loophole. if it passes investigators won't be able to buy up apartments buildings and then immediately evict the tenants. >>> justin bieber is planning to leave california and move to atlanta. this morning people in the upscale buck head neighborhood were protesting the possible arrival of justin bieber. bieber is causing a lot of trouble late they. they don't want that in our neighborhood. bieber has not confirmed if he plans to relocate from l.a.. >>> at least five children are suffering from a mysterious illness. researchers say the children became ill with the infections between august of 2012 and july of last year. scientists

a little bit of dickens -- disappointing economic data out this money.retail sales numbers. january falling by the most in 10 months, down by about 4/10 of one percent. if you exclude autos, retail sales were unchanged in january. we also got a weekly jobless .laim out here those rose there was a decline expected in those claims. a sign of uneven recovery in the labor market. i should point out we will not be hearing testimony from janet yellen today. she will not be making it to capitol hill. you can guess why. there is a major snowstorm in d.c.. we will be back. >> huge flurries outside. thank you. we will be on the markets again in 30 minutes. the big headline we are watching, as we get to the bell, is comcast, buying time warner cable for $45 billion. the deal combines the two largest cable companies, comcast paying 155 dollars, one dollar what time warner cable was asking for. a deal subject to regulatory approval, what does it mean for the industry and you as a consumer? to dig into all the details, we have team coverage. jon erlichman, the chief w

yen.have cheap and that economic data in the u.s. mba mortgage applications data. we also have the monthly budget statement that comes out at 2:00 p.m. earnings, john deere. i had a tractor. i sold in six years ago when i sold my place in connecticut. >> i had a push mower. miniature john deere tractor in our house that i stepped on it all the time. you think it is in bony and do the ice in your backyard. they make one with that thing on nie back will stop -- zambo and you can do the ice in your backyard. they make one that has a thing on the back. >> cvs, whole foods and are you ready for this deco the 2016 election is 1000 days from today. >> there are 999 republican candidates. >> we don't know who they are. >> i read an article the other day, there are just a few republican candidates for 2016. secretary clinton, way out front and the democrat sweepstakes. check.a let's do the data check. thank you, janet yellen. you can see it with the vix driving. what a remarkable recovery after days orence of gloom 10 so ago. the yen doesn't move. bill,crude, your heating o

stocks are fluctuating between gains and losses amidst mixed economic data.disappointing manufacturing data and that weighed on asian equities along with european equities and we got jobless claims for the week showing that jobless claims applications fell more than forecast. then we got a gauge of u.s. manufacturing. the index showed an unexpected expansion in u.s. manufacturing so perhaps markets are turning around a little on that. let's go to the floor of the cme. the s&p 500 came within one point of a high yesterday, have markets peaked? i think the markets are catching their breath. i would not be surprised to see it break further. there is uncertainty with the ukraine right now. one thing i am concerned about is the economic data and it been soft and attributed to winter weather. let's see if that carries through and if it doesn't, we will need solid economic data before we breach that 1850 level. >> do you think too much has been blamed on the weather? because ofw, just the way it has been here and in new york, it has been pretty brutal. i will give t

waiting for tomorrow's ism services report and friday's jobs report to see how weak or strong the economic data really is. not surprisingly the most beaten up stocks rallied the most. etfs for turkey and indonesia and poland were all up. natural gas spiked 8% on the cold weather so exploration and production stocks like pioneer and eog were all strong today. michael kors had a fantastic report which helped retailers like fossil. reaffirming the 2014 guidance, that helped out restaurant stocks. larry, back to you. >> all right. many thanks to bob pisani. appreciate it. now, let's take a quick look at where the japanese stock market is opening. the nikkei just opened for the day in tokyo and it's up 1.5%. all right. good. so, then, is this a pause in a healthy correction? let's ask abigail doolittle. from your work, a lot of technical work and other stuff, do you stiff a bottom or not? >> absolutely not, larry. i think that we're, at best, halfway through. from a pure technical standpoint we're seeing negative looking charts. >> so halfway would be 5%? >> at least. >> you want a 10% correction? >

we will get economic data out this morning. edge of their seat for the adp employment numbers. the earnings continue to stream and before the bell. , esteerner, merck lauder. their first public earnings report after the bell today. >> company news on the snowy morning. >> google has settled with the european union. reaching a deal with the eu to end a three-year antitrust investigation. an improved offer to display results from rival search offices. toy rippled a price target $1500 -- raised their price target to $1500. stores -- is closing no details on which locations. they have about 4300 stores. the ceo comes from dollar general -- he is taking over this week. time warner is announcing a buyback. gains -- revenue jumping 5%. they will buy back $5 billion and stocks. -- in stocks. >> we have some breaking news. cbs -- cvs will stop selling tobacco products. the first national chain to stop selling to back a products. -- tobacco products. about $1.5 billion in revenue. they will stop selling by what -- october 1. >> the white

and clearly, no one ever said that the world was a perfect place, in terms of where the economic data with us. we have a lot of choppy data here. but there's no reason to panic. >> even bearish? short the markets? >> still short the markets. short almost all of the markets, even the nikkei at this point in time. people haven't panicked yet. you want to buy the panic. we haven't seen that. all i've heard is buying opportunities. guy is the only person who said selling opportunity. everyone else is saying buy opportunity. you start to hear people panicking, saying, i have to get out. that's when you buy. we're not there yet. >> in terms of panic -- i don't want to throw that term around. but we are looking for a degree of panic because that would indicate some capitulation in the market. >> i agree with that. >> what would that be in your view? >> the volumes have been larger on the dow. they said big volume today. i don't think today is that day. you're going to see it in the form of a day when the s&p is down 20, 30 handles. has a bounce and a subsequent move to the upside. but i don'

it's big economic data day. we'll get the january jobs report. >>> up next, trading places.e of this debate on trade deals. congresswoman rosa delora watched our segment yesterday with interest and wants to give the other side on this pushback and why democrats are at odds with the white house. you're watching "the daily rundown" only on msnbc. [ girl ] seriously? that's a lot of music. seriously. that's insane. and it's 15 bucks a month for the family. seriously? that's a lot of gold rope. seriously, that's a signature look. you don't have a signature look, honey. ♪ that's a signature look. [ male announcer ] only at&t brings you beats music. unlimited downloads for up to 5 accounts and 10 devices all for $14.99 a month. ♪ what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. ♪ every now and then i get a little bit tempted ♪ ♪ by the chocolate all around ♪ turn around bri

we saw it yesterday in the economic data. mr. retail and dual -- analyst at strategic research group and he is moving to miami after what we have seen. have you ever seen a winter like this? >> never seen a winter like this. but we were at the mall of america, so in the frozen hundred of the shoppers get to the stores, but not in most of america. and 59th street, the puddles of water by the curb were wide as lake erie. you cannot get to the stores. how ugly will it be and how big will the discounts be march and april? will move to desperation. on 5th avenue, shoppers are still not going to the stores, not even h & n and the lower-priced -- h&m and the lower-priced retailers. you will have higher vacancy rates. shopping center owners will have a tremendous amount of problems. he anchors like pennies, sears, kmart struggling financially's. anchors like jcpenney, sears, kmart. credit watches as well. >> spring -- fashion week in new york and all that -- is bring a big deal in fashion? >> spring is a huge deal and fashion. as bloombe

she's talked about the weather saying it might be a factor in some recent softer-than-expected economic datae going to dig into her testimony in just a moment, but right now there is a retail rally. in the very names experts here were beating up on yesterday. jcpenney and sears rocketing higher and buy, all of them gaining better than expected results. so yc penny is a -- jcpenney is a huge jump here, up more than 25%. that's a huge move. but does that really mean that these two names -- and i'm talking about sears and jcpenney -- are they really out of the woods? and blackstone getting its groove on, buying a big chunk of a major fashion house. blackstone chief steve schwartzman telling us all about it in a fox business exclusive. you'll hear what he has to say. versace, i mean, wait until the oscars. janet yellen, i don't know what designer she was wearing, but she wasn't the only fed head giving testimony in washington. at about the same time she was speaking on capitol hill, her predecessor, ben bernanke, was being forced to provide a exactly what happened during the financial crisis, pa

>> the market prices are driven by sentiment that seems to be absorbing every bit of economic data that we have been getting in a positive light. take a look forexamine xal at pending home sales that's not a positive data point. in the early part of today, everybody was saying, i got a little something of what i wanted. i don't think that same sentiment is going to be shared on monday. >> when the soviet union invaded afghanistan on christmas day, they didn't have afghanistan paper. everything that came after between the united states and then soviet union, i think that's where the problem is going to arise. >> let's trade it, okay, we started off this year on january 3rd, if there are going to be troubles for u.s. investors who own u.s. stocks it's likely going to come from overseas. if you're a long and strong u.s. equities and you have to protect yourself from the outside events and i think this situation over the last couple of weeks demonstrates that, i think there's going to be a lot of uncertainty. to me, when you talk about reverberations, you have to think about what happened i

we are seeing economic data tick up. we did see the unemployment rate tick down while the participation rate also increased. so that's really great. if you look at the oil market on the other handwe've seen a big move up through $100. the issue with that is we're seeing refineries shutting in for maintenance. so that means no new heating oil is being put out on the market. so if you see another one of these cold fronts come through in the next week or so that heating and oil demand is gonna spike up and we don't have any new supplies out there so that drives up the price of crude oil. >>we're also hearing about this big rotation of money coming out of the stock market and going into bonds. is that any kind of buy signal? if you look at the stock market we had such a big move up last year. this type of correction we're seeingthis 5-10% pullbackis completely justifiable. plus the fed is starting to ease back and really coming out with the tapering right now. so you're just seeing some of the gas being let off and the bond

we had key economic data overnight on two of the biggest economies in asia. japan came out with trade data. engles is in hong kong. >> good morning. that is right. , it wasn'tshort really trade deficit for japan. doubled theut number compared to december. we have seen record deficit after record deficit. there are two parts to the equation. at the same time, it is also because of the week urgency. it is a bit counterintuitive. it makes a lot of these energy or expensive,an especially now that it is winter. that beats into that inflation that japan does not need. wagest that together with . dixon in less than a few months. to try to over look and overcome. china, theabout flash pmi manufacturing number, number of contraction. what is the take away? >> 48.3 is much lower than the previous one. 49.5. it is an initial number. official numbers come out in about a weeks time. you do have one week of the chinese new year at the start of the month. a lot of economists are worried about this one. it is too low below the threshold of 50. inthank you, david engles hong

and saying we don't yet know how much the rough winter weather affected the economy, she points economic data is weaker since testifying on february 11th and asked about bit coin and the feds don't the supervisor to supervise. weekly job claims dropped and the long trend is showing that the labor market is steady. it is subjecting that layoffs may have finally stabilize. mortgage rates are continuing to climb. the rage 30 year rate is 4.38%. it is up from a year ago. rising demands for new homes the pushing the rates higher. when we come back to al jazeera america, a live report from the ukraine and the russian flag is flying over the parliament there. ♪ what is this place? where are we? this is where we bring together the fastest internet and the best in entertainment. we call it the x1 entertainment operating system. it looks like the future! we must have encountered a temporal vortex. further analytics are necessary. beam us up. ♪ that's my phone. hey. [ female announcer ] the x1 entertainment operating system, only from xfinity. tv and internet together like never before. >> welcome back.

the impact of all of these storms has already shown up in some economic data, including manufacturing in january auto sales. airlines are among the companies hit the hardest. flightaware.com says 39,000 flights canceled last month, the most since 21,000 canceled in october of 2012, after hurricane sandy pummeled the east coast. >>> radioshack used a super bowl ad to show how stores are being rebuilt. now it appears some stores will be dismantled. the electronics complain plans to close 500 stores, it's unclear which of the 4300 stores will be affected and when closings will begin. but it's clear, another casualty of the amazon effect. >> thank you so much. >>> check in with meteorologist christina loren. asking about the highs in south bay today. >> mid-50s. it's cool all day today. big weather story that you're not only going to hear from me, every meteorologist in northern california talking about this. we're going tap into the atmospheric river. we've got a lot of rain headed our way, starts tonight. look at all of the consecutive days with rain in the forecast right there on your

we have had economic data that should have pushed this market down several times. earlier last week, probably down 500 points on the dow. nothing happened. the sellers are frozen out of this market right now. they are giving -- the economic data is being given a waiver because of the polar vortex, the weather, and i think that's the idea. the correction we had in january was not significant enough and i still think it's yet to come. >> the sellers are frozen out because we are the best market in an overall weak global economy. the u.s. and europe are holding up fairly well and jim's right, china is not doing very well. china is down 5% in the last three days, because of some of the concerns about weak economic growth. >> pulled back today for the first time in 14 days. >> right, but look what's going on today. we have gold up, bonds up, and the stock market up. >> somebody's got to be wrong. >> something's got to give here. >> one market out there that's not right. right now, what would you do on weakness? would you add to positions on weakness? >> at this level ri

. >> it is often referred to as the most important piece of economic data in the world. we will find out how many jobs were added to the u.s. economy later on today. jonathan joins us today. look back at that ugly number from december, 74,000. blamed -- if in doubt, laying the weather. -- blame the weather. i say wait and see. if you ever played in the tail on the donkey, there is a real pin the tail on the donkey feel about this. spread.big the weather continued in january, didn't it, john? the unemployment rate itself, does it matter anymore? >> i am calling this the janet yellen dilemma. they have tied policy to an unemployment rate of 6.7%. it were not expecting that to happen until next year. now.e at 6.7% right good news, not quite. the first one is the unemployment rate. down to 6.7%. the second chart is the participation rate. the percentage of working age people active in the labor force were actively working for work. it has steadily been falling. it is in a range we have not seen in a number of decades. this is hard to explain. demographics one of them. people

oowq >>> a little economic data. the market is likely to remain in a holding pattern until traders hear from janet yellin tomorrow. it will be her first testimony from congress before becoming head of the federal reserve. taking a live look at the big board. the dow is currently down 11. nasdaq though is up 18. s&p 500 is up one. >>> more cyber attacks on retailers are expected in the coming months. according to experts. the fbi says more than 20 companies have already had their computer networks hacked similar to the target data breach. however, not all the names of the affected companies have been released and we don't know how many shoppers have been affected. >>> who is america's most generous philanthropist? the chronicle of philanthropy says last year it was facebook founder mark zuckerberg and his wife priscilla khan. they donated took stock to a silicon valley charity putting them at the top of the 50 top givers for 2013. >>> a nfl draft announces he's gay. >> i'm here to tell the world i'm an openly proud ga

. >> yeah, we need those to either confirm or deny what we have been seeing in weak economic data pieces. thank you very much, rick santelli. let's head over to the nasdaq. seema mody, what are you watching there? >> the snap-back rally, is what traders are calling it. large cap tech, internet, biotech are all staging a comeback. let's put it into perspective. the nasdaq is still down more than 4% since january 23rd, when china came out with weaker than expected pmi data and which spurred the sell-off. it's really been the chip stocks that have fallen the hardest. intel, qualcomm down 3% to 5%. in terms of what's leading the nasdaq, gilead sciences is the best performing stock on the nasdaq 100. some are seeing the sell-off as a good buying opportunity. with that said, one day doesn't make a trend. consistency is important here. that's what market technicians are telling me. >> seema, thank you very much. >>> today as you just heard is a decent day but listen, fundamentally very little has changed in the last 24 hours. in other words, the so-called wall of worry still stands and there is

are they thinking that maybe because of the weak economic data recently, that yellen will blink? that maybe the taper will be tapered? is that a possibility for why stocks are rallying? >> in the last week we have heard some clients asking us is that a factor to consider here. i think as the weather starts to clear up here, i think the economic data will become a little bit more improved, then we have to see what happens from there. i think at this point, to try and be bullish on equities because we are going to get, you know, a slowdown of the taper or an increase back up from $65 billion to $75 billion or $85 billion, i don't think that's -- >> but earnings came in better than expected. i know we got to go but earnings have been reported even on the top line better than expected. there is some real news. it's not just janet yellen's nature. >> absolutely. good companies can make good money in either 2% or 3% economy. also, this isn't just hope for more help from the fed. if it was, long term interest rates would be going down but they're not. they're going up. >> gentlemen, alw

weak economic data coupled with the indexes breaking key support levels. many of the winners on the nasdaq 100 have now turned negative, including apple. investors continue to hit the sell button on biotech. we are seeing celgene, among others, trading lower and large cap tech, google, yahoo! amazon leading this index, all of which reported earnings last week. facebook did hit a record high earlier today. that stock has now turned negative. >> with the exception of russia, brazil and the nikkei, the dow is now the fourth worst performing major market in the world. that stinks. let's get some advice on what to do and bring in stuart freedman from wells fargo and matt maley. i used your data from your morning note this morning and made a chart of the s&p 500 highlighting about 1768 to 1770. we are showing it now in beautiful seahawk blue and lime green. tell us why 1768 is such an important number and what breaking below it as we've done 20 points ago might mean. >> well, it was an important support level for two reasons. number one, it was the trend line fr

paying attention to that because monetary -- in other words, investors are looking at software economic data and saying the fed is going to hold off longer than we expected. that's effectively an easing of policy in the midst of this turmoil. >> steve, what do you think the fed makes in the drop of the ten-year yield? >> i think they see what we saw see which is the idea that it's a risk-off trade. people running into the safety of u.s. dollar-based assets. and i think they think it gives them a little bit of time to think about it. i think if we were talking about a sell-off in bonds, that was caused by lack of faith in the cl dollar, lack of faith in bonds, that would be another issue for the federal reserve that might warrant quicker action. i think this gives them time. another thing that jon alluded to that's worth talking about is, the fed may continue on this path of tapering but also extend the guidance and extending the guidance in a way that might meet where the market is already. guide the market further down. we know the fed wants to make that pivot. but you could also think of i

economic data out there. i don't see how you can take that and say lower rates just plow into the homebuilders. i think these guys need to reset 10%, 15% lower. >> i don't think they have to go that much lower. inventories are down. margins are better. she talked about prices going up. where are they going up? from first-time home buyers and the next step up. we heard that from pulte and d.r. horton. as the market has been sold off those names are almost unchanged right now. >> since you and i debated it at 2302 a week ago, it's held its own very well. i think you get a great -- i just believe you get a great opportunity in these names lower. >> spring housing season coming up. sale season. >> to your point, awfully hard to look for a house these days in a large swath of the country which is either under snow or ice, or a combination of both like we are here. >>> coming up on the "half," today is twitter's moment of truth. the company is set for first ee earnings report. we're going to talk to the analyst who