more store closings are in the works for sears according to ceo eddie lampert who is attempting to turnaround business. disney easily tops wall street earnings estimates' stocks slide as investors rotate out of tech and more. on light volume-- the dow fell 130 points on selling in banks. the nasdaq slipped 57 points as twitter and yelp dropped dramatically. and the s&p closed down 17 points. gold and oil were just about flat on the day. larry shover of sfg alternatives joins us on this wednesday morning. what do you think? will janet yellen, the fed chair be a market mover today? >>i don't think she'll be a mover today. she's got two days to speak today. thursdayi do believe she understands that the market is just depending on her to stabilize the marketand i think that's what she'll do. i don't think she'll reiterate anything other than we're data dependent, we continue to watch the inflation and jobs reports. >>disney had earnings report last night that topped expectations. will that move the dow? >>i think it will. that was really nice to see them beat on both ends. the market was really l

sears' ceo and hedge fund manager eddie lampert is under pressure to turn around sagging sales at sears. the store chain is not the first to have trouble connecting with canadian shoppers. target and big lots have not faired well to the north. while costco been successful. a disturbing report details child labor on the nation's tobacco farms. human rights watch says more than 700 thousand children under the age of 18 worked on tobacco farms in 2012. the organization says some children work long hours, and many report symptoms of nicotine poisoning. legal changes were proposed in 2011, but were withdrawn in 2012. the ceo of cigarette giant philip morris international responded stating "more work remains to be done to eliminate child and other labor abuses in tobacco growing." turning now to that tragedy in turkey... rescuers are making desperate attempts as hopes fade to find dozens of miners missing after an explosion caused a pit to collapse. 274 turkish coal miners were killed. that number is expected to grow... rescueres were able to save 88 miners tuesday shortly after the transform

courtney reagan, thanks for the context and move for eddie lampert. to dominic chu for a market flash on kate spade. >> the stock is moving higher after the accessory and apparel design said first quarter sales grew driven by a surge in its kate spade brand. the company did post a wider loss from continuing operations. the stock you can see up about 7% towards session highs on that bit of news. a lot of girls out there, a lot of girls at least buying those kate spade products. back to you. >> girls? >> girls. >> women. they make beautiful clothing. up next, the dow posting three record closing highs in a row. looks like that streak may be broken today. we'll talk about it. we'll show you where you should be putting your money. a lot of action in the bond market today. "squawk on the street" will be right back. ♪ ♪ (man speaking chinese) female announcer: female announcer: when you see this truck, it means another neighbor is going to sleep better tonight because they went to sleep train's ticket to tempur-pedic event. choose from a huge selection of t

so i mean eddie lampert is keeping the ball in the air. that -- >> when down looking at maturity schedules it's not saying a lot. >> trying to say listen venders don't give up on us. one of the things that happened on the call, they're calling him eddie, like kind of recognize -- hey. >> call you jimmy. >> when try to infer coleak alty. >> people are allowed to. that person being my mom who passed away almost 30 years ago. let's leave jimmy in the dust. i think eddie lampert does not necessarily have a strategy to grow but he has a strategy to stay in business. the analysts want to bury it and you can't. he has smart owners. >> he does. between him, berkowitz and tish you have a lot of stock locked up which is another reason why people shorting this thing do it at their own peril. >> canada they're going to sell and still they've got a lot of things they can sell, automotive. whole rap against it they keep selling the jewels. what are they left? i've wanted lampert to close the bad stores and he's doing that. look, i shop everywhere. >> yo

eddie lampert speaking at the meeting yesterday.d to thousand stores to be a competitor here in the united states. shares now up one third of 1%. whole foods has cut its outlook for the third time. ceo john mackey says they have the market to themselves for a long time. the reality is that we just do not anymore. a profit of $0.38 a share. stay right there everybody, the real halftime report is coming up next. ♪ stick with innovation. stick with power. stick with technology. get the flexcare platinum from philips sonicare and save now. philips sonicare stuart: this is it. the real halftime report. joining us from chicago, trait and if the. a new study from brookings. a leftist operation. in more recent years, the obama years, more businesses are closing up shop then being opened. that cannot be a good sign for private enterprise. >> no. not at all. if i had increased cost, as it cost me more and more to higher, what is my likelihood of expansion? probably pretty little. this is the cost of hiring new people. as simple as that. >> ob