with that both fedex and u.p.s.erful stories in our opinion. >> it's interesting to go back to this point. one of the points that i love is that both u.p.s. and fedex when they benefited for the last couple days, global trade growing faster which itself was growing quickly now we're seeing a regime shift and global trade is not growing as quickly and neither is global gdp. that's the fundamental argument for holding these companies as we have slower demand for this period now. >> sure. you're right. the dynamic between global trade and global gdp was much higher for global trade twice as high historically and then this past summer we saw that we went to parity and we anticipate that's going to separate that global trade will again grow faster than global gdp and that bodes well for fedex and gps. we're at an inflection point. we see initial trends as that global trade picking up and some asia volumes picking up in recent months so we do feel good looking ahead to the next couple years we'll see global trade outpacin

we think fedex is also a great business and undervalued stock.

set us up for fedex. people should have been prepared for the fedex numbers today. but with combined together makes me a little bit nervous going forward. we see so many good numbers in terms of housing and employment. but these two kind of the backbones of our economy. we have to keep our eyes and so many more of the transport stocks going forward. >> oracle now down about 7%. we'll get the updates from jon fortt later on in the show. ben bernanke, keeping the easy money and the rally for that matter going for now pushing the s&p 500 closer to an all-time high. let's get straight to the traders here. and dr. j. john najarian is also joining us here onset. we are points away from the s&p 500 hitting the all-time closing high. what's your guess on when that happens? >> if it weren't for oracle, it would have been early in the morning tomorrow. and even with oracle, i think the market still has enough gas, melissa to get past that. but to j.j.'s point and everyone on the desk, i agree there are some in the armor. not to push the market down, but to keep the fed in tha

let's get straight to fedex.kage delivery company says it earned $1.23 a share in the fiscal third quarter and below wall street forecasts. fedex says the customers were choosing slower transit services. this does happen, of course, after a massive run in the transports. >> one of the things that amazes me about fedex is they keep missing and they get loved a few days later. missed and gets loved. it's still regarded as being a profit machine. they have this restructuring that people like very much. people feel it's only a matter of time before someone steps up to the more expensive freight. to me, my charitable trust owns ups. ups has the expectations lower. scott davis always says negative things. >> melissa hit the nail on the head. the stock had a big run and the two guys were going head to head over what was in store for the company going forward and that was going to run out and you can only go so far and once that runs out where do you go from there? was there someone who won? >> yeah, the bull one. >> i'm

meantime, a good run for shares of fedex. earnings looming, where is the stock likely headed from here? it's time to debate it. josh brown is our baby 90 seconds on the clock. baker, make your case. >> it's a great, great story. it continues to be the way to play the u.s. economy on good growth and also ecommerce, ecommerce growing, also. had a hiccup the last time. it had seven consecutive earnings of increasing growth. it had this big restructure affect going on. so it took a trip over there. we'll recover. oil prices are coming down, so in terms of costs looking good. it's eating the lunch of u.p.s. u.p.s. is trading much higher in terms of valuation. and their operations are 70% more effective. it's a great way to play it. usfx, fedex. >> yeah, no. i disagree with almost all of that. other than -- other than they've made substantial inroads into u.p.s. let me walk you through -- first of all, the trade has been made. stock is up 13% year to date, 25% since thanksgiving, and quite frankly, almost all of the steam in this n

via fedex, she is suing him for putting her family at risk. we reached out to fedex.. but this woman is going to track this all the way to the bank. and they better get ready to ride route a big check because this is beyond gross neglince. they send this woman a packet containing 7 pounds of pot. this woman does the right thing and call the police. the police get involved. of course she is going to be be in fear for her life. there are going to be possible retaliations from drug dealers. she has every right to sek damages. neil: she had no idea what she was signing for it. >> but she signed for the package. it was not the intended recipient -- she was not the intended recipient. but she signed for it. she consented to the terms and policies that they may have. [talking over each other] [talking over each other] >> i agree, she disagrees. the terms and policies are the following. if you get a package, you have to call fedex and say i just had a package. neil: pennock honored dora. neil: they knock on your door. a. [talking over each other] [talking over each other] nei

fedex is a pretty big surprise, right?we saw a lot of people positioning with put spreads, positioning with hedges, and now people are asking about the overall industrial sector? is that something scary? we're seeing people hedge on that and on energy, too. >> fedex really surprised a lot of people. >> and the transports had probably their worst week of this year, so far. and that's a critical part of this market, isn't it? >> and it's interesting, because from an options perspective, a lot of people have forgotten about cyprus, right? they've forgotten about europe. but the options market has sort of remembered, because we've seen sku levels and trash being purchased for a while now, and that's still happening and you're still seeing a lot of fear being built into this market. whether or not we're going to open up on monday, i think a lot of it depends what happens this weekend. >> david, what about you on earnings? >> the first three innings, maria, has been housing, okay, housing's doing better. you've got the energy re

you got run over by fedex. >> i did, i did.elivered a really nasty package by them, but all i can say is two of those. fedex was a restructuring problem so i don't think there's a problem there. oracle is also identified that it was a problem with the sales channel there, so i don't think there's any a big problem going on there. i think we're just talking about caterpill caterpillar. the market is digesting that and understanding. still a couple percent away from an all-time high. sort of in an information digestion mode. what's going on in cyprus, a couple of the earnings season but we'll in the consolidation phase for a while. >> josh, what do we do from here? cyprus really on the table. really lousy pmi numbers out of the eurozone today and some of the biggest economies there. where do we go from here? >> well, so that's the problem. we're all looking at the little specific things to each company, and we can say oracle and fedex, this issue, that issue, but you really don't have a great global growth picture. you really don

fedex as a gauge of the global economy.osted its third drop in earnings and raised red flags saying shipments to and from asia slowed substantially. also customers are starting to ship to slower methods to save money. fedex ships worldwide so analysts look at earnings report as an early indicator of where the global economy is headed. >> the stock tanked. we know europe is still a mess. it slipped back into recession, but these fears center around slowing growth in asia. how worried should we be about what fedex is telling us? it's so interesting. fedex global revenue, $44 billion. what's happening in the world really matters. it's twice the size of psi press. a little thing like that can be a problem. they are their thumb on the pulse of the economy. >> when it comes to companies, transparency is crucial. when i say that i'm talking about policies or practices. not their yoga pants. lululemon is a great canadian company and never struggled for survival. excellent anthem in the background. it had to pull several styles of p

fedex third-quarter profits fell.cheaper and slower shipping. fedex down right now five dollars. yahoo! is in talks of buying stake in dailymotion. reportedly worth $300 million. france telecom, the deal is not finalized. yahoo! shares are slightly higher. amazon is putting their hat in the ring in the online music situation. it is working with music companies on its subscription services. shares of amazon are moving this morning. coming up, new numbers on student loans. this could be a gigantic ticking time bomb. ♪ today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. charles: federal student loan debt before president obama took office was shot of $120 billion. wait until you hear what it is now. giv

how worried should we be about what fedex is telling us? to bring this up for you, so interesting. fedex global revenue, $44 billion. cypress, $24 billion economy. what fed ex says is happening in the world really matters. it's twice thecise, revenue twice the size of cyprus. they really do have their thumb on the pulse of the economy. >> when it comes to companies, transparency is crucial. when i say that i'm talking about policies or practices. not their yoga pants. lululemon is a great canadian company and unlike blackberry and nortel, they never struggled for survival. does well selling yoga and athletic wear. excellent anthem in the background. it had to pull several styles of pants from its stores because they were too transparent. too see through, too shear. >> the company's stock price got hammered. after the recall, a tough year for lulu. but don't shed tears for the investors yet. the stock is up 220% in the past three years. and stores are packed with the kind of customer every retailer wants, loyal shoppers with money to spend.

>> you look under the hood, what's driving the transports lower, fedex getting slammed. the company telling us this week that third quarter earnings dropped 31%. still, even with this week's losses, remember that transports are well in the green this year, up some 16%. back to you guys. >> all right, josh, thank you. >>> many investors, of course, follow the theory that transports are a good bellwether for stocks. and they led the way as the dow smashed through its all-time high, high after high, in the last couple of weeks. with the index lagging this weekend, what's it say about where the markets are headed now? josh luna says the dow transports are passe and not very relevant for today's markets. robert, why do you think the dow transports are a bad indicator for the markets? >> i think the dow transports, prior to the 1970s, were a really good indicator. but since then, both technically and fundamentally, they just don't make sense anymore. you know, bespoke did some analysis on this and they actually showed that when you didn't get the confirmation from the transpor

are you a fedex man? >> i don't have an opinion on fedex.here's the adjusted number. the adjusted number, andrew, for the fourth quarter, $1.90 to $2.10. well, the high-end covers, it could hit it. if they're being conservative. yeah, lower than expected results driven by the third quarter international revenue which was down $100 million. that's it right there. it was the international revenue being down. and we'll see whether that does anything to the transportation average, which has been hitting new highs. and you like the transportation average to hit new highs when the other averages are if you're a dow theorist. let's make some money it says now. >> let's make some money? >> let's make some money. i feel dirty saying that. but it's our what's working now series. joining us now mark travis, are you going to help us make money today, travis? >> well, joe, first and foremost, i'd hope to not lose any to start with so, yes. try to cover that base first. >> return of principal is nice as well as return on principal. >> yes. >> but what is

so i think that a lot of the problems from fedex are fedex specific. but they do point to problems in the worldwide economy. although, you know, this morning, we got some pretty good news out of china. so i don't think china is going to be the problem going forward. i think it's going to be the fact that german manufacturing is not everything we might hope it would be and that's going to be -- german manufacturing is simply the beating heart of the eurozone. >> sure. on top of all those things, i forgot about caterpillar, too. you can call all these things one offs. fedex is saying that it's pricing issues with some of these things. but at some point, do you start to look at a lot of one offs and say, wait a second, there's a bigger tren here that we worry? >> i'm already looking at that. fedex is a tremendous read on what's going on in the u.s. economy. caterpillar, oracle, not just u.s. economy, but the global economy. europe is very, very weak. was going to happen in emerging markets, china, i think is questionable. so i just think there's a lot of

they are going to call fedex right away and say, where is my package.hat is probably happening. [talking over each other] [talking over each other] neil: hold on, all right. ladies, thank you both very much. much. anyway, the ceo of this is $100,000. much. anyway, the ceo of we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the c-class is exception. it's a mercedes-benz through and through. the 2013 c-class. starting at $35,350. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created

>> although i would point out, fedex numbers. that's troubling. that's a big company, an important company. >> you have to wonder if that's indicative. >> but it didn't phase the market today, otherwise. >> but it did take the transports down. >> usually it is a bellwether for the overall market, going forward. it is something you've got to keep your eye on and see if u.p.s. and some of these transport companies, if you see any weakness there, that may be a negative sign going forward. >> i'm going to get ready for the next hour. see you tomorrow. >> say hi to howard schultz as well. >> we'll see you in a couple minutes. >> it gets a little wonky, but the fed chairman did point out, we fed governors, we're sort of learning as we go along here. they're making this up, because this is unprecedented, this bond buying program, this quantitative easing, as it's known, that they've been going through. they're refining the policy as they go, and i think they are certainly mindful of the impact they could have, if they suddenly put the brakes on this plan

yesterday, fedex was the big disaster de jure.gained to, taking the transports lower again. 85 points lower. we know that dow theory, transport, industrials, side by side. they were for a while in 2013, both going up. that has reversed. so does cyprus matter to the markets? it depends on who you ask. and what the news out of the country is, that tiny country. michelle caruso-cabrera is there. she has the latest as this market continues to swing on any news coming out of cyprus. >>> and we're heading down to the farm to find out why you may soon lose your appetite when you see where your grocery bill may be headed. back in a moment. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ at a hertz expressrent kiosk, you can rent a car withou

oracle, fedex, caterpillar, the sequester.e's got a lot of reasons why -- >> they are adding up, at least for today taking an impact on the market. mostly red. aviv reit specializing in owning and leasing skilled nursing home facilities abuing i iadebuting . we'll speak with the ceo shortly. >>> taking a look here ghob surprise, technology bearing the brunt of the losses at this early going because of those dismal results from oracle. in oracle's defense analysts point out that such a strong executer they've had one-off glitches. >> it's always come back. again, i want to point out that i think that there's a lot that's not great. it has been the tale of two economies. there's ken pal from general mills on last night. that's a terrific story. but then you come back and you say, well, look, some of these stocks have been up, up, up, up, that are in that group. there's a big goldman piece today about the industrials. they like a bunch of stocks that are again moved una lot. i don't want to be sanguine here. i think there is a lo

>> absolutely, you know, i mean, we talk about fedex here, it should be fedup.i think americans, small business owners are just frankly, fedup, and they are scared. there's a wall of uncertainty. obamacare, new taxes, california is here, the highest taxed state in the nation. we have regulations, lawsuits, so a small business owner is just scared. now, they are digging their heels in, just a classic sign of how scared a small business owner, and, frankly, an american is to spend the hard end dollars. it's not just on shipping and delivery. they are holding back on hiring, expansion, you know, maintenance, they are just scared. they are digging in. they call it maintenance mode, but we call it fear and uncertainty. neil: companies that are not in fedex have the situation, if you call it that, are doing weird things with their money. in other words, when they splurge, they splurge on -- which, no one should begrudge, shareholders get a higher dividend in the case of apple, or, you know, dell ticks itself private or comcast buys out the rest of nbc from ge, but the

find out why this unlukely duo spent their savings on an old fedex truck. and tonight, these must-have yoga pants are the ultimate gym status symbol. and they're nowhere to be found. the shortage that's causing sheer madness in the world of fancy fitness. sheer madness in the world of fancy[ male announcer ] citibank's app for ipad makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. >> h hello, everyone. thanks for joining us. it's one of the most important moments in your life, asking the one that you love to live happily ever after. but for some people, proposing isn't as simple as getting down on one knee. it's an elaborate spectacle fit for a storybook ending or a big screen finale. so tonight, we look at the industry b

we're watching the market higher in the face of some head winds like we heard from fedex. >> fedex and their business is slowing. whether it's the hospitality side where they put in the rugs or uniforms or fedex with moving the product about the world. things aren't as good for either of the two companies. but then you get a whole bunch of other good news from elsewhere. in particular, i think the way europe reacted to cyprus was one of the reasons that people actually are heartened and pieing. it wasn't just a pop on the opening. we held the pop and now we might build on it into the close. >> is there a story that the rally is still intact? bernanke and company will come out with the statement today. maybe they say that the economy getting better than it was when they last met. maybe they say we're not going anywhere. we're not leaving this party. the punch bowl stain don't worry, all is good. if that happens today, what happens to the market? >> we'll go higher. we talk about the financials and we'll have a debate later on with my brother and myself, i'll be the winner once again. bu

he says fedex is testing for natural-gas trucks.so says fedex those chains' more of its 90,000 trucks if the tests are successful. and konica phillips rolling the dice. preparing to drove up to a two exploratory wells in the alaskan arctic next year. it will be in the same area where shell suffered major drilling setbacks last year. nothing like a little hope. and next on "money," a new video on wealth distribution goes by road. if you think you know who gets what share of the "money" pie, here is a hand. you are way off. the man behind the research released by the staggering stats. plus, the chinese economy looking gloomy. carrying risk for the u.s. economy. you will want to hear this one. piles of "money" coming up. ♪ ♪ [ male announcer ] from the way the bristles move to the way they clean, once you try an oral-b deep sweep power brush, you'll never go back to a regular manual brush. its three cleaning zones with dynamic power bristles reach between teeth with more brush movements to remove up to 100% more plaque than a regular m

they missed the earnings on oracle and also on fedex. i hear what you're saying, in the land i'm living in, economic data looks pretty good. >> no, because the only reason unemployment rate has been coming down is so many workers have left the workforce. if you had held the workforce constant since the beginning of the recession, we debated a 10.8% unemployment rate. so when the real workers still starving for a job, for income, and those one offs we talked about, as you get more and more one offs, yes, they've been described as one offs, but as you get a series of one offs, they won't be one offs anymore. they'll start to be a trend and i think that's what's going to drive the market lower. >> hey, barry, on top of what my friend simon is talking about over here when he's talking about the data that's coming out that seems more positive. why are we not seeing the sentiment that you're talking about that turn sentiment at least starting right now? not reflected right now in the volatility index where people are putting good, hard money t

fedex, for example, is now down about 12% for the week. console is weak. gatx, landstar, intramodal, rail and gatx, shipping as well, boating as well. they're all weak today. they weren't weak yesterday, but second day in a row and fedex now seeing real distribution. finally i just want to note something that's important. the house passed the continuing resolution. we made such a big deal about two weeks ago, not a sound was heard anywhere. this is likely now no march 27th government shutdown coming. my friend over at potomac research made a great point this morning. he said washington used to be a horrible issue for the markets. it's now becoming potentially a positive. there's even talk of a mini grand bargain happening in the next few weeks as well. a real change in tone. nothing happened down here when they passed that continuing resolution today in the house. mandy, back to you. >> apparently wall street does not care about washington anymore would be the way i would put it. thank you very much, bob. >> smart move by america. ignore d.c. >>> overseas,

so what went wrong in the quarter for fedex? >> the most profitable thing they do is fly across the atlantic, and what we saw was dramatic decline not only in demand, but a decline in yields, what they're able to charge for the boxes, so we so yield dropped by 3.4% and with the most profitable thing to do is declining, it is hard to post year-over-year increases in profit. lori: what is the message there? >> the world economy is maybe not growing as fast as many would want us to believe. on the flip side of it is we saw 10% growth in th ground, conting to do very well, those segments are respectable of what is happening with e-commerce here and the local economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things t

fedex down 5.5%. adobe at new highs, fedex is struggling.to tell you one more thing, "after the bell," we will have oracle. connell: this company received nearly $200 million loan from the energy department hasn't provided any jobs yet and now laying off workers, so dan springer will come on and tell us what the latest is. dagen: here in the studio, mark burnett fro, executive pror of the hit miniseries "the bible." we will talk to him about satan, any resemblance to the president of the united states. we'll talk about world currencies and how they're holding up against the dollar today. i'm a conservative investor. but that doesn't mean i don't want to make money. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten 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

. >> fedex, a drop down 9% for the week. tim? >> well, shippers effectively were some what irrational earlier on the bax of the fedex news. i don't think this is terrible. fred smith said they got a little over their skis, adding too much air capacity in asia. the shipping business is still very strong. there's some deflation their elements of it. they are moving to ground shipping. that's not necessarily good for margins. shipping is fine. >> first solar, a pop, the move 8%. beekers? >> a competitor went out of business. that's reducing capacity in the industry. china may support the solar industry once again. >> a pop for nike. grasso? >> everything around china is doing better and china is actually doing better itself. if that continues, this thing is off to the races still. still more room to the upside. >> all right, well, those were the best stocks and the worst stocks of the week. let's take a look back at some of the best moments of the week on "fast money." >> now, guy, when i heard about this story, i thought about what

fedex, the culprit there. is this a warning sign? let's get into the money right now. to t let's go to kate kelly with reporting that the d.o.j. is in advanced investigation into a probe. kate? >> jpmorgan disclosed that it was being looked at by the d.o.j. in connection with the london whale losses, but we're hearing that that investigation on the part of the d.o.j. is now in an advanced stage and they are honing in on the london whale traders who were over in europe and putting together the trades that made up this synthetic credit portfolio that got jpmorgan into so much trouble, $6 billion in losses. we understand that issues at play here are the marking of those positions, brought to light last week in a senate hearing and has been brought to light by jpmorgan's own internal research. and the question if there was securities fraud committed in the marking of those books and an attempt to hide losses. these individuals are no longer with the firm. they've been talked about a lot in the context of what went wrong here and i'm sure they'll continue to be. but the dep

i think with fedex, a lot of it is a global issue for then also.you look medium term right now, there's good firms doing great business. >> bernanke did say at different moments in that press conference, he said stocks are not over called in relation to inflation. right? because we have not hit the real peak, it's about 20% from here if you adjust for inflation. we have had had a nominal peak and it's not over valued in terms of profits or the gdp of the economy. bernanke is kind of saying, go ahead and buy more stocks. i want to ask what you think of him saying that. >> this was to inflate it this way so we can transmit monetary policy into the economy. this is one way to do it. and it's had that effect. but, you know, we will see how long that lasts. >> he had a lot of good numbers. you have have become more optimistic in the month or so because of the numbers. >> productivity, you mentioned, a more stable and stronger dollar. i not -- i do not like the fed cheering. i think the feds should stay away from that and focus on policy. >> but they wan

general motors, but now it is what happens to fedex happens to america. thank you. >> thank you, mr. chairman. let me take a moment to congratulate you on your ascension to the seat. i look for to working with you and the administration as well. i as a congressperson who represents philadelphia and the airport outside the city, we look forward to working with you on a number of deficiencies that the faa is part and parcel of, excluding the implementation of nextgen. i look forward to your leadership in helping to push that. i know in addition, one of our challenges has been looking at options to reduce costs as part of the reform act. there has been direct responsibility is to look for ways to streamline the offices to seek efficiencies. as part of that process, one of the things i know has been undergone is efforts to see consolidation in various places, including consolidations of the air traffic control facilities. are you familiar with the planning? >> yes. >> that is a high priority for us. as has the potential to yield significant long-term efficien

look at the caterpillar story, the deere story, the fedex story, today, that is the economy, fedex, it's a bellwether. so you have the parallel forces, what is the fed supposed to do? anybody? >> well, i think, there is one thing -- >> to make one way or the other here? the federal reserve is responsibility for the broader monetary economy and they have been very aggressive providing a level of support over the last several years. that doesn't necessarily do anything to support individual corporate profitability. at the end of the day we're facing a bond buying program here is process of diminishing marginal returns. realistically the fed done all they can do, the line in today's statement. the reference to evaluating efficacy of the program. reflects the fact that the dovish thinkers in the federal reserve are wondering how much the bond buys are reflecting the real economy. david: they have no intention of stopping. i think you're absolutely right. the effectiveness is certainly questionable. certainly major things that is supposed to expect the fed decision, unemployment or value of t

. >> your view on fedex and oracle which are part of your top holdings.ou wavering at all, given the negative reports that both came out with last week? >> no. not wavering on either company. on oracle we think their maintenance business is their most attractive business and believes that business stays healthy. at fedex, it has become underappreciated what a great distribution system they have within the u.s. and they continue to gain share in express delivery in the u.s. we think fedex is also a great business and undervalued stock. >> you're a big believer in the banks, bank of america is your largest holding in the oakmark fund. is that still the case? >> yes, it is. with a stock like bank america trading around $12, we think will be earning somewhere between $1.50 and $2 relatively soon, to us relatively soon is a couple of years, book value of $20 a share and in a low lone growth environment, most of that $1.50 to $2 can come back to shareholders in share repurchase and dividends. we think it's an undervalued company. >> you spoke to apple just a mo

fedex, please note, i think was $109 last friday. we're down 12% on fedex this week.here. elsewhere on separate subjects, suntech power declared bankruptcy the other day in china. i thought that was a big story. a lot of other people didn't pick up on it. it was halted yesterday here at the new york stock exchange. it's reopened today. down 21%. it's a penny stock. and the big question is what are they going to do with it? i bet you, and there's a lot of people betting that the chinese government's going to try to revive it again. i think that's one reason you're seeing solar stocks. you'd think one of their big competitors has just been taken out is good news. overcapacity in this industry has been a problem for a long time. that's why these stocks have no -- they move around crazy every day depending on what the local rumors are. >> bob, thank you very much. now down 83 points on the dow jones industrial average. bob mentioned oracle being a drag on techs. let's go up to the nasdaq where seema is following the big movers. >> i'll get to oracle in a second. take a lo

fedex, just an example of that. does that trouble you for the market here? >> yeah, it does trouble me. and going forward, we're going to watch those earnings closely, but you need a good transportation sector. we've had a nice little push, but now it seems to be getting a little weak. >> at the end of the day, $100 million for stocks for sale earlier. not a major number, but what are you expecting as we close out this day, down 86 points? does this get worse in the next minute? >> it could get a little worse. all the negative things considered, things aren't bad, down 80, 90 points at the end of the day. >> i'm going to go. we've got some numbers after the close. nike, we're waiting on, second hour of the "closing bell." see you tomorrow. alan, good to talk to you. >> you're skeptical on this rally? >> i am. >> is there a level that you need to get down to and you'll want to get back into this market again? >> you know, it is. it's funny you say that. years ago when i first started, you have a buy and hold. people would buy for ten years and get out. now it

that fedex number at about 108.05. that is a five-year high.ry time they come out with a problem, everybody says that is an economic problem. we are looking at some 52 week highs. we have 33m, home depot, verizon, pfizer, boeing, american express, jpmorgan and johnson & johnson. this happened early in the session. we are off the earlier highs. if anything pulled back, they are the materials. it seems awfully orderly and awfully quiet. >> we have been expecting this to come along. this stuff up for this point has been expected. really, what happens now. we have a lot of economic data coming out. a big unemployment number coming out on friday. it will be interesting how you take all of this together. economic data is a little bit conflicting there. it will be interesting to see how they react the rest of the week. liz: when i walked in, one of the first people you pass is ben willis. the professionals, reading the traders, would like to see a little bit of a pullback before we march higher. >> i was not seeing panic selling and i am not saying pa

fine. >> i feel chewed. >> also usps and fedex contract with each other on all kinds of things. it's innovative. >> right. we pay for our internet connection and it shouldn't have a tax on top of that. >> stephanie: last night's topic on cnn -- [♪ "world news tonight" theme ♪] >> stephanie: i did debate david fraum. the theme is blame the president for everything. he spoke about it again yesterday, and is he too late -- what -- >> what did cnn tell you to say? [ buzzer ] >> stephanie: they did not tell me to say anything. i'm as you know i'm a well-known obama apologist -- and once again here we are, like public option it's these conserve-a-demes. it's like what can have 92% approval ratings? >> be forceful and make sure the right thing is done. >> stephanie: the president yesterday. >> obama: why wouldn't we want to close the loophole that allows as much as 40% of all purchases to take place without a background check. >> stephanie: he said the powerful foes of americans will forget the shock of the school shooting in newtown. he said shame on us if we have forgotten. >> obama:

companies making a ansformation like at&t, fedex, that wal-mart is, is now testing the engines in someuch their trucks. so everybody is looking at it for one reason, as you're saving $2 a gallon. melissa: yeah. >> and you, okay, so my competition runs on diesel. i switch to natural gas. i immediately have an advantage over my competition because my fuel bill is half of what his is. melissa: yeah. >> so it's -- it is serious. melissa: makes all kinds of sense. one of main things stands as barrier to entry and fueling stations and having actually infrastructure. costs about a million dollars to build a liquified natural gas fueling station. how does that compare to regular gas station and, where do we stand in terms of building out that infrastructure? >> well, don't compare it to regular gas station. because, lng will have to be fueled at truck stops. so you're really sitting next to diesel, not gasoline. so don't have the idea your exxon station two blocks down the street from your home is where you will are going to fuel these trucks. they will be fueled on the highway in truck stop s

they found a large fedex truck hanging off the side of the road.acing the wrong direction. it's not clear if anyone was hurt. officers have closed the highway 29 onramp. >>> an ohio teenager given the maximum penalty for a deadly school rampage stunned the court with what appeared to be obvious disregard for the victims. he was wearing a t-shirt like the one the day of the shooting with the word "killer" scrawled on it. he also appeared to smirk while the victims talked about their loss and their pain. >> i will never be the same because of him. my children look at me and they do not see the same mom they used to know. instead they say the pain in my eyes and they want to help me, but they are in so much pain themselves. >> the judge didn't hesitate in giving the 18-year-old three life sentences with no parole. he pleaded guilty last month to the kikilling of three students >>> a group of 9-year-olds has launch add campaign to help their classmate who was deported to mexico with his parents. patty lee is live now where the boy grew up to tell us wh

the first one, fedex worker just drops off a package or two at this moment in a very nice neighborhoodch this vehicle pull-up, which many users are saying is a porsche, person gets out, takes package number one and then takes package number two, rite over the fence, back in the car, and takes off. i'm willing to believe this not -- >> what we did see was the license plate on that car, so hopefully they were able to zoom in and get it. >> here we have some logitec camera with some krukaticonstru workers -- because of the clarify of the vehicle he was able to see what the thieves looked like. he called 911, they were prosecuted. and the guy ended up getting re-warded for the missing items. >>> next we go to boca raton florida, this surveillance video with a guy snooping around inside, he these cameras were installed three hours before. >> are you serious? >> so these are just the three of the finalist videos for the month of moech. to see the rest of them and to vote, you can go to lrkogi -- logitech.com. >> it's a slip n slide. >>> and move over double rainbow man, now it's all about fr

it's like fedex if fedex drove a '92 corolla and ate half your chips ahoy. if walmart can get the program off the ground, it could make them competitive with amazon. and that's only one of many new ways they're looking to cut costs. >> also watt mart, -- walmart, finding great new ways to save. can't find a sales associate? just grab a uniform and chip in for a few hours. don't see what you want? it might be in our basement. go check. and while you're down there, why not bring up a few boxes and stock a few shelves. and would you mind grabbing the garbage on the way out? thanks, dummy. walmart, low prices are just the beginning. doing our work is the rest. why not? this is a great new product. if this commercial was any indication, this is an all new way to eat eggs. >> making eggs makes a mess. they stick to the pan. they flop when you flip. and the yolks always drip. after you cook them up, there's all that clean-up. what you need is the rollie egg master. the best easy fan three way to make perfect eggs every time. it cooks your eggs just like a real pan

look at oracle, look at fedex, and look for a lot of disappointing earnings, you know, particularly herethe next two weeks, you know, coming at us. so that's really the bear case here. you know, cyprus is system you can and is definitely going to bring some pressure here. if you look pack when we went through this with greece, the markets lost almost 16%. you're going to get a mini repeat here. i think look for all these major market averages to come back to their moving averages, the 200-day moving averages is kind of what we're looking for. cheryl: you're also looking, jon, i want to stay with you quick on this, you're looking for a very sharp pullback in the next 60 days. can see your reasoning about the second half of 2013, that i understand. but you're looking for s&p 1428 to 1430. that's a very bearish call on the s&p. >> this is just the 200-day moving average, that's all that is. cheryl: okay. >> it's really a technical issue, but, you know, look at the fundamental backdrop. and i appreciate what ned's saying, but look at the fundamentallings. this thing in cyprus, everybody says