. >> emac, job numbers, there are a lot of figures. it would create thousands of new jobs. >> you noted in the break there are better multiflier. there is restaurant and other service jobs and that's better than what the government uses. i love how the same guys on the president's job council are now telling the president, including david from honeywell. you ave no energy strategy, approve the pipeline without delay and i like how we have zero reaction from the environmental. you will have to deliver the oil by railway that is way more poing than the pipe line. >> beyond the keystone pipe line so much natural gas is discovered in this country and they are screaming for job in north dakota. if you interesteded jobs in.com. sales clerk or mechanical welder or truck driver. they are looking for everybody there. and this is the future of job creation in america, is it not? >> i don't think it is. i think it is money illusion and a lot of them will not be economic if we return to a strong dollar. it goes for keystone. if market forces want

emac, go ahead.umbers more. >> let me get to the stocks buy backs. 60 billion spent on stock repurchases, wow. >> this is the deployment of that capital and cash equivalents sitting on that balance sheet. 137 billion bucks in cash and cash equivalents. we know people like david einhorn might be happy to hear about the stock buybacks and dividend increases. he has basically been going after apple in the media, apple should make similar moves with preferred stock. david: any numbers on gross margins? are you getting any figures on gross margins? >> i will check that for you in two seconds for you. liz: we have john bright, avondale securities research analyst. john, there are two things here. the stock buy-back. they had been at 10 billion. they're ramping that up to 60 billion. and the dividend announcement of $3.05 per common share. a tip of the hat on one level to david einhorn and perhaps on the stock repurchase plan. tip of the hat to david einhorn said and buy your own stock. >> they're able to d

overcast skies and again that's why nick weatherman for twin falls idaho is the daily forecast proper emacs that's right he's a rapid weather man check it out. and get that beat. good. yeah you better be telling this guy pull the straps better grab an umbrella i make your brain i make it rain somehow rain i make it rain. rain i make the highs. i make the claim. by telling you what storms come in i'm not. so well. mine. well at least he's trying i mean you really can't get any worse than the us. president obama if i may speak to you you were a child when it was happening so it's probably not surprising that you don't know about it but i want to make sure that you do because what i'm hearing about your budget proposal tomorrow if that's true you are stepping into a trap that was laid for you before you even spoke you first cigarette back in the one nine hundred seventy s. after richard nixon went down in flames and within the entire republican party a republican strategist named jude wouldn't speak at an inspiration. the democrats he said had always been the party of santa clause they gave th

emac's bottom line. good or bad?l be interesting to see what happens after the bell and we're going to be tracking it closely with david and liz. let's go through the second quarter profit forecast. here's what the street is looking for when it comes to apple's second quarter profit report is coming out. basically about $10 earnings per share versus a little more than 12 bucks a share a year ago. 9.5 billion in profit versus nearly 12 billion a year ago. here's the storyline. improved sales versus a year ago. what the storyline is here, apple's gross margins are getting squeezed and they're dropping versus a year ago. wall street is not liking that. we're looking for 36.5 million iphones sold. 15 million ipads. up dramatically versus a year ago. here is the debate breaking out on wall street, peak apple? has apple already peaked? will we see the $700 plus share price we saw last september when the iphone 5 was introduced? we did the number crunching. i should disclose i have apple in one of my portfolios. it is tradi

with more on what is behind the selloff, liz macdonald with emac's bottom line.chs called this. >> good to be with you, tracy and adam. it is been in a parabolic move in search of a pin. 139012-month price point. we're talking some analysts, i talked to, 1300 by the end of the year. what is happening the computer is triggering stop-loss orders so it is spiraling and cascading down. whether gold finds the threshold remains to be seen. this is the number to look at, 9.94%. if that intraday drop is what it hits that is the worst since gold futures started trading on the comex in 1974. we talked to marti at barrick asset management and here is what he was saying. he is essentially saying gold is no longer a safe haven hedge anymore, not needed anymore. earlier in the day investors look at stocks and real estate state more of an inflation hedge. we'll put what marty on the screen. here it comes. he is saying the u.s. dollar is stronger. he is saying inflation is not a storyline right now. as china growth slows, china's use of commodities and metals is also slowing. so

ashley: emac, thank you very much. stocks still have plenty more room to run in 2013 as the new washington budget showdown is set to make waves this summer. howard silverblatt, s&p dow jones indices. he joins me now. thank you so much. i don't know how much you heard of liz macdonald's report. there was prudential saying, volatility, perhaps complacency is being replaced by very real fears where we are in this market. but to tracy's point, fed keeps pumping in liquidity what is to stop the market from moving higher even though we see a couple blips along the way? >> two items. volatility increased. number of day where the swings have increased. but it is nowhere near where it was several years ago. volatility, if you want to use the vix is still extremely low compared to the historical average. liquidity is major issue. a lot of money coming into the market. good and bad reasons. part of the bad reasons, individuals are tired of sitting on the side way they did this year and last year. seeing returns come in and them n

ashley: emac, thanks so much. >> sure, delighted. ashley: good stuff. have this, the fa at chief is taking heat on capitol hill why flight delays. why he said they are just unavoidable. that's next. ashley: apple shares on a wild ride after less than stellar results. one investor tells us why he is still buying the stock. he says come on, it is still a good deal. he will be coming up. time to check how oil, gold and other metals are trading. the dow is essentially flat on the day. oil is up, as you can see 2 1/2%. 91.41 a barrel. big day for the oil sector. metals as well recovering after getting hammered earlier on in the week all showing green arrows. we'll be right back. ♪ hey everybody, hi mom... streaming live with a tour of my new place... knowing you can still reach out. ... and now you've seen it. that's powerful. verizon. get mom a lucid 2 by lg for free. why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep numb bed. a bed with dual air te