netflix, gamestop, perrigo. thoughts, josh? >> they seem to be -- what's interesting is they seem to be special situation stocks. i'm not even -- >> this is over the past ten years, even. >> i'm not even trading these names. but i can tell you what the story -- the quote/unquote story behind each of them. probably the one that's most interesting to me is dollar tree. it's a tough competitive space. and that has not been one of the biggest winners there. but they're going some things right. and i like the valuation. >> analysts buzzing about apple's iphone 6. we have someone who says even the 6 can't help apple stock. find out why he says the apple growth story is over. >>> plus, investment advice from the white house? find out what our traders think about this comment. >> i wouldn't if i were you. invest in russian equities right now. i think -- unless you're going short. "hidden things." ok, why's that? well uhhh... surprise!!! um... well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no wo

this is the only thing i'm worried about killing gamestop. all that other nonsense, i wasn't worried. >> he's worried. >> when we come back from commercial, i'm going to say that on air. >> this is not new news for the stock. the business model you're talking about, steve. $35 is a key level. the stock has dealt with bad news in the last three months and held this level. >>> fossil, gaining ground on working retailers, will work with google for an android line of clothes and wearable products. beakers? >> the interesting thing is fossil ripped. and everybody started thinking about who is next? the two obvious ones are guess, which also ripped. type of jeans that timmy wears. >> acid wash. acid wash. >> extra tight. kidding. kidding. >> that's just disturbing. >> kidding. you started it. >> i did. yeah. >> anyway. >> anyhoo, those are the two to look at. i think probably for guess, it's a -- it will move the needle more than it would were somebody like a michael kors. if i wanted to play, and would be pure speculation, i would go to guess. >>

movers right now, accenture, gamestop, citi to the downside.ttom intraday. scott wapner, we will see. >> the activity of the momentum names, carl, is what's driving the action. at one point of the day they're down, the overall market is down. they try to come back. it's watching those stocks as a whole that gives you a good idea of where we're going. >> we know you're going to be our guide. at least the next 60 minutes. >> have a great rest of the day. >>> welcome. here's what we're following today. tale of two cities. the street has loved the stock but what now following the fed smack down. super analyst mike mayo is here live with a bombshell. inside scc, a former trader speaks out on the markets and why he decided to leave the embattled firm.

gamestop expects to reduce its videogame store count by 2% this year.nternational, announcing plans to split into two separate companies, one focused on developing and selling pharmaceuticals, and the other on medical products. >> number two, microsoft -- the software giant's new ceo satya nadella is making his public debut, revealing plans to rollout microsoft office for the ipad. we'll have the breakdown of what you need to know about that announcement in a few minutes. >> your number one stock is toigroup, the lender failing pass the fed stress test on a qualitative basis, finding defects in its mining practice and assessment of global exposure. the central bank denied that they increased their dividend from one penny to five cents per share. we're going to the call on the market. we will bring in jim bianco. his call, beware the slowdown. he sees a slowing economy, slowing earnings. you sound like a debbie downer. we still have a high s&p. what will lead us to the fakedhink we are being out by weather. yes, the first quarter was depressed because of

. >> watch out, gamestop -- walmart is entering the used video game sales business. the world's largest retailer has announced it will soon let gamers trade in their old video game discs for gift cards. walmart says it will accept all working, undamaged copies of games for modern consoles, such as the wii, x-box and playstation. used games will be refurbished and re-sold as "certified pre-owned". the move puts walmart in direct competition with similar practices at gamestop, best buy, target and other stores. >> an arizona woman says, she is out an 83-dollar bottle of designer perfume. all because of an airport security check. record promoter lois lewis was on her way to see clients in denver and never dreamed she was in trouble. as a frequent flyer, she says she always travels with her perfume in a separate plastic bag-- but this time, the t-s-a stopped her. she says, t-s-a screeners confiscated her two- ounce bottle of perfume, because they thought it was shaped like a weapon. >> "everyone is staring. there are seven tsa agents on my side. took all of my informatio

what will that mean for gamestop? those shares down as a result. >> all right, that is our julie hyman. talking about high-frequency trading. we have the attorney general of new york who launched an investigation into high-frequency traders who get what he considers an unfair advantage. >> this is not a gordon gekko like character gobbling up information about companies that no one else has. in some ways, it is more insidious. this predatory behavior gives small segments of the industry a huge advantage and allows them to use technology to reach huge profits based on very minor, but nonetheless unfair advantages. >> the unfair advantages they work people up, because a lot of people do not feel it is a level enough playing field. this is one week after virgin capital filed an ipo. gone for fives years -- can you believe this? without one day of losses on its books. will the investigation seriously disrupt the model market regulators have allowed for years? joining me is the one who broke the story for us. i will start

gamestop shares fall after reporting earnings yesterday, but sales are up. why is that?o paul raines in just a few moments. ♪ we took a walk down to the bank ♪ nk ♪ h ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. ♪ >>> video game retailer gamestop's stock dropping on a missed fourth quarter earnings but rebounding today. some pressure from online video sales and retailer walmart accepting video game trade-ins. what lies ahead for the company, paul raines joins us today, it's good to have you back on the program. >> hi, carl, it's great to be with you. hello, sara and david, nice to see everyone. >> since you're there and since we mentioned it, walk me through what is important about simply mac. >> it's a great story. simply mac is the la

i currently have 6400 stores around the world will stop the scale back comes as gamestop faces increasedon both online and in stores. ♪ alexa this is "lunch money" on bloomberg television. we are also streaming live on your tablet and smartphone. today's moving pictures now -- chicagonew video of the subway train that derailed and wrote up an escalator earlier this week. we are learning the conductor fell asleep before the train entered the station at o'hare airport all stop it happen just before 3:00 on monday and the platform was mostly empty butts till 32 people were hurt. as for the operator, she is on injury leave. nudity of the helicopter rescue of a four-year-old boy trapped in the washington mudslide -- a local helicopter rescue team plucked the boy from the muck after they slide destroyed his house. he was reunited with his mother who was at work. the boys father and three siblings are still missing. president obama met with pope fan -- pope francis today. in it -- income inequality was on the agenda. the president presented the pope with a chest full of fruit -- will see to the

gamestop, we have got the numbermpany says of stores cuts by two percent. trails analyst estimates last quarter sales. >> thank you. we will talk to you again shortly. onto our big story. the new microsoft ceo made his first public speech since he took over at the head of the company. >> when it comes -- the vision is straightforward. it is to make sure the one million office users and growing the highaccess to fidelity office experience on every device they love to use. today'sn the ipad and announcement marks one more step in that direction. class he took over as ceo from steve ballmer and is presiding over microsoft's shift to a more open approach where it sells applications and services for its own operating systems as well as those for rivals. is it too little too late for microsoft? joining me right now from outside the microsoft event in san francisco is cory johnson area also the bloomberg contributing editor. great to have you. start with you. how big a deal is this that office could be on our ipad? is a big deal. it comes in the context of two tha

i finally got the game around one. >> at midnight, you drive to gamestop and you can't get in?hese people online? >> a lot of nerdy dudes. there were almost no women. there were a few at gamestop, but none that best buy. >> he looks hot in those. k always looks hot. it took me about two hours to load it up. i stayed up three much all my playing this game. it's the first videogame that is going to operate in the cloud, so all of the artificial intelligence that controls the robots that fight against you are controlled in the cloud. int way leaves more space the processor on your video game console to run these super incredibly detailed graphics. >> this is a big bet on connectivity. >> it is a huge bet on conductivity. i have to say i had no problems 6:30 a.m. --. and but we are having issues connecting it in the office. that could be a firewall issue we have at bloomberg. we are incredibly serious -- >> how much did all of this cost? bought the game and the controllers -- the game was $60 and the controllers are about 60 bucks apiece as well. people playing these games like big

>> gamestop has been under pressure.out the fact they have done well with the new consoles and xbox one and playstation 4. they're waiting on new games to be all the rage as people get in there. people are downloading games now. they're going to other retailers for games. they also now , walmart for example, recently announced they will take in trade-in games,. stock is to the downside on latest report. david: s&p futures closing 30 seconds ago. gary kozlowski in pits of cme. how is it shaping up for tomorrow, gary? >> personal income that comes out at 7:30 central, 8:00 new york time. we'll look at consumer sentiment. that is one of the key numbers to focus in on. i do probably see the s&p and most other indices will be pulling down a little bit more for the weekend. we're coming to the close of the first quarter. a lot of fund guys will want to bailout, sit on sideline. wait until tuesday and jump back in real strong again. i see indices pulling back a little bit more. i will be surprised if it broke 1830 or below that

gamestop reported a bad number. have you seen what it's done? nothing but go up since then. that's people believing the second half's going to be stronger. i think you're okay. let's go to gary in pennsylvania. gary? >> hey, jimbo. >> yo, yo. >> caller: thanks for breaking it down for all of us home gamers. >> that's what i try to do. go ahead. >> caller: please tell me, what the heck is going on with calumet? and should i jump in right now? >> i've always been suspicious of yields that high that are 10%, and i'm not going to recommend the stock. i will welcome management on to explain to me why that 10% yield is sustainable. let's go to nick in texas. nick? >> a big boo-yah, jim! >> good to have you. >> caller: my question is about linked in. i know a while back you were real excited about linkedin and yelp, and even though it was recently upgraded, is that a stock that you feel that should still be in? or is it -- >> well, this is a stock like yelp, like salesforce that's part of this great rotation i talk about every night. that means out of stocks that have high growth a

no surprise, gamestop shares getting hit today.argin boosters as well account for half of the gross profit. even though the video game industry saw total sales fall 17% over the holiday season, gamestop's used game sales increased 7% over that period. when i asked walmart's u.s. chief merchandising officer why they're getting in now as online gaming continues to take share, look, walmart currently isn't taking any share of the $2 billion used video market right now. they aren't surprised game stop is getting hurt, but to execute a buy, sell, and trade-in video game program for big retailer like walmart is notoriously difficult. when they did a trial in 2009 with kiosks it didn't work so well, at least not in that model format. >> courtney, that may explain why not much of a reaction in walmart shares this morning. only up a quarter of a percent. thank you. we have jon fortt here as well to share thought. gamestop shares get hammered. down 5%. walmart is not really bulging. why? >> bull mart is huge. this isn't that big of a deal fo

the top five most heavily shorted names, gamestop, u.s.teel, joy global, cablevision are all trading lower. will the stocks continue to fall? i've been speaking to analyst. let's talk with cliffs natural resources, most shorted on the s&p 500. the stock is down 30% this year due to lower iron ore prices, china's economy, and tepid global demand. similar macro concerns have resulted in u.s. steel and joy global shares falling. analysts say expect further volatility in commodity prices to pressure shares going forward. now you definitely felt the pain if you were short shares of gamestop in 2013. the stock gained 95% in 2013. ouch. this year the stock down double dinlg jilts though. they say investors are questioning wlp hether it can at to the digital revolution fast enough. facing competition from playstation and xbox live. cablevision, analysts write on-going competition from fios will pressure growth in net ads. however, wi-fi, dvrs and smart routers should improve churns. >> what jumps out at you on this here? cliffs, you have the actav

shares of gamestop plunged on weaken than expected earnings. its forecast for the year also missed as more games are sold online and because of increased competition from big retailers offering trades in for used games. the chain will reduce its footprint and close about 2% of its stores. the stock tumbled 4% to finish at 37.33. but it was a different story for winnebago. the motor homemaker's second quarter profit surged 53% as sales and deliveries rose. that's topped the street's forecast even though bad weather disrupted production. the stock was up 3.5% to 27.54. >>> shares of alcoa jumped after a favorable ruling from a ukraine hiunited kingdom high court. shares surged to a 2.5 year high at alcoa to 12.59. there is buzz that amazon will reveal a set-top table or broadband box next wednesday. the online retailer invited journalists to a new york city press event for an update on the company's video business. despite the buzz, shares of amazon down about 1.5% to 338.47. >>> reverse mortgages are getting some buzz today for senior citizens l

it should be good business for gamestop. i think the stock heads higher on earnings. >>lululemon reporting in and there was a lot of negativity in the market. what's the buzz on this one? >>there was a lot of negativity in the market and it was showing on the tape. we saw some put buyers on wednesday betting on further downside in lululemon. we see a weak chart. the stock has sold off 3 out of the past 3 quarters on a bad earnings number. on a risk versus reward basis it sets up much better for me to be short lululemon through earnings than it does for me to be long. >>thank you james. coming up tomorrow --it's traders unplugged. find out why the guys are taking aim at target as a takeover candidate. from all of us at first business...thank you for watching. >> announcer: the following is a paid program for the paint zoom. uh-oh! wasting another weekend working overtime on a painting project? the uneven coverage of that roller not cutting it? tired of battling with a brush? had your fill of spills, splatters, and running up and down ladders? say so long to those obsol

interesting bounceback for gamestop. we were talking about the company yesterday because it fell four percent on the back of earnings. today it is coming back and then some, shares rising seven percent even some saying that the future is not so bleak for gamestop. in fact, the folks at bloomberg industries say continued sales of things like the xbox, the newest playstation, will fuel growth at least through the end of the year. one decline or we have is red hat, the maker of open-source software, humming out with earnings that missed analyst estimates. buildings were not as strong as some anticipated. we are seeing a big drop their. the stock trading at its lowest since december. >> time for our big story. facebook spending spree. the company is having a pretty big week. a number of deals. $2 billion on virtual reality company oculus, who does not even have a product on the market yet. s today it announced it is working on a fleet of drowned by acquiring an aerospace company, hoping to shower wi-fi from the sky to provid

earnings, a theme, fund companies, gamestop, winnag

[laughter] i went to gamestop at midnight and waited in line for a long time out in yonkers, which isof the metropolitan hub of new york. but it was packed. after about 45 minutes, i went to best buy instead. it was empty. i walked in and picked up this game along with a number of other contraptions. game that a good around 6:30 this morning, i gave serious thought to quitting my job and staying home and playing until i was hospitalized. a lot of people i think will do that. >> that is a lot of guys' dream. >> the effects on the global economy of a game like this are probably a mess. >> i hear that there are gamers out there who make lots of money just playing video games. >> there are gamers out there -- a lot of gamers have run into health problems because you lose track of time. you forget to hydrate. you forget to the and you eventually pass out. happened to a kid in ohio. it happens to people all the time. this game, i want to point out, is the most important game for microsoft since the original halo came out in 2001. >> from fighting robots to fighting humans, the ceo and cofou

. >> let us talk about a company that came out with earnings earlier in the week, gamestop.ou of a company called blockbuster, whose business model essentially became obsolete. the stock pulled apart after the innings. it is coming back pretty good, but you are not competent it is going to stay up. >> i am not. it really is just like blockbuster. we know they are going to have to compete with walmart in brick-and-mortar stores. i think the biggest headwind is the fact that next-generation consoles allow players to download games via the cloud. they do not have to go through the store anymore. the stock is down over 20% this year. a terrible looking chart. i do not see things looking any easier for gamestop, going forward. >> talk about your strategy in the options market. >> the stock is pumping today. the options market is implying a to $4 lowernd $3.75 by may. i can buy the puts bread for $.25. for 25 cents.ead i could get 3-1 on my money. >> thank you so much. general mellie joining us to talk options on a number of different subjects. we will have more soon. ♪ . . >> wel

. >> i went to gamestop at midnight and waited in line for a long time in yonkers.tropolitan hub of new york. it was packed and there were cars backed out of the parking lot. after 45 minutes, i went to best buy instead and it was empty and i walked in and picked up this game along with a number of other contraptions that go with it. it is such a good game that around 6:30 a.m., i gave serious thought to quitting my job and staying home and playing until i was hospitalized. a lot of people i think we'll do that. >> a lot of guys do that. >> the effects on the global economy of a game like this are probably a mes. >> there are gamers out there who make lots of money just playing video games. havelot of gamers really health problems because you lose track of time and forget to hydrate and forget to eat and then you eventually pass out when your mom range at your grandmothers. that literally happened to a kid in ohio at happens to people all the time. this game i want to point out, it's the most important game for microsoft. came the original "halo" out in 2001. >> fro

walmart which is going to be selling, will be taking in those used video games, that's tough news for gamestopt we're seeing overall. the big picture here, last week we lost almost 400 points, this week is a different picture. back to you. liz: okay, nicole, thank you. i've got a question for all of you, would you pay $33 million to drive like james bond? >> yes. liz: one miami millionaire is certainly banking on the fact that somebody out there is going to do this. he's grown tired of his collection of aston martin and that amphibious lotuses's prix in the iconic bond films. fox news' phil keating, we sent him to a museum this miami with all -- this guy's been collecting these things? >> reporter: yeah. three years ago he went to england, took a look at the entire collection and said, i'll buy it. and three years later, as a lot of collectors do, they want to sell it. this is a gorgeous aston martin equipped with -- well, not real, but there are machine guns in the hood because this car was used in a james bond film just like every vehicle you see here. we've got submarines like this yellow o

accenture, lieu lieu let meon, gamestop and winnebago all expected to record today. >>> citigroup, zion's bancorp and the u.s. units of hsbc, rbs and santander as part of its annual stress tests. citi's plans were rejected for the second time in three years. citi haven't made enough progress in improving its risk management and control. in a statement, the ceo says he's disappointed. citi will stay pay a 1 cent dividend and continue its $1.2 billion buyback. it had asked to raise the dividend to five cents and the buyback to 6.4 billion. as for the banks, payments will be limited to last year's levels. the fed made bank of america and goldman sachs pay back their captain plan. as far as the shares of those individual banks are concerned, citigroup down in frankfurt. bank of america, goldman sachs down. hsbc and rbs off 1.24%. brian, what do you make of the restrictions on these banks and their capital plans? >> i'm actually very pleased to see this. because it demonstrates that the fed is indeed taking the need to recapitalize the u.s. financial system seriously. the fact that they failed

tough session for gamestop. company falling after reporting weaker than expected fourth quarter earnings. it said it would close 2% of its stores. finally, three companies making a successful debut on wall street. square 1 financial, applied genetics, and trinet all safely in the green on their debut. trinet's chairman and ceo will be jim cramer's guest on "mad money" tonight 6:00 p.m. eastern here on cnbc. bill? >> all right, sheila. thank you. just to follow up on yesterday's disastrous ipo, king digital, which turned out to be the worst ipo of the year so far. down another 3% today. the candy crush gang still not buying this stock here. heading toward the close. 14 minutes left in the trading session. down four points on the industrial average right now. >> yeah, i was just going to say that, company looking more and more isolated. as these other ipos today, they've done all right. still to come uubs wealth management chief investment officer alex friedman is going to talk money. we'll be right back. l be rig

the world's largest retailer is taking aim at the $2 billion video game market dominated by gamestop.he value will vary by console and age of the game but could be as high as 35 bucks. those are hot stories on foxbusiness.com. >>> coming up a mom talks about a fight to save her sons only to be met by government red tape. >>> next a personal financial debate. should couples keep their money separate from one another? we will get both sides. we want your reaction. stay with us. ♪ my dad has aor afib.brillation, he has the most common kind... ...it's not caused by a heart valve problem. dad, it says your afib puts you at 5 times greater risk of a stroke. that's why i take my warfarin every day. but it looks like maybe we should ask your doctor about pradaxa. in a clinical trial, pradaxa® (dabigatran etexilate mesylate)... ...was proven superior to warfarin at reducing the risk of stroke. and unlike warfarin, with no regular blood tests or dietary restrictions. hey thanks for calling my doctor. sure. pradaxa is not for people with artificial heart valves. don't stop taking pradaxa without

gamestop, everybody is in the cloud computing space. melissa: what do you think?on't know if we showed it, but most of them there was a lot of talk about cable providers. i heard from so many of you out there. there we go. you can see some of them, what is your pick? >> i would be worried if i was radioshack. does this company even exist anymore? not to mention image problem, radio in their name. fix the image, turn that around and maybe people will start to notice them again. melissa: thank you, we really appreciate it. tune in tomorrow and tweet me with the worst pick in america. that is all we have time for now. i hope you made money today. "countdown to the closing bell" starts right now. ♪ >> it is showdown for microsoft ceo. a new course for the tech giant. wilwe'll investors by in the strategy and push beyond the 14 year high? a game-changer for college sports? landmark legal ruling on if they can unionize to be the first real place toward paying athletes. the future of college sports. and a fast new breakfast war is heating up. talk about try to take a bit

the news sent gamestop, the competitor, sent those shares sharply lower. >>> mt.site now to allow customers to log in to verify account balances of the bitcoin exchange filed for bankruptcy protection in japan last month saying it may have lost 850,000 bitcoins worth about half a billion. >>> federal forecasters estimating food prices will rise as much as 3.5% this year. the price jump will be the biggest annual climb in three years. >>> lenovo still looking for acquisitions to fuel growth. two months after unveiling deals worth $5 billion, the world's largest pc-maker by shipments, says the company still has enough access to fund to keep growing. >>> amazon's set-top box will look similar to google's chromecast, according to a report by techcrunch. it will be a stick as opposed to small box like apple tv. [buzzer] we still haven't really seen. david: still -- liz: we haven't. david: sound interesting, if you're amazon prime you may want to buy one. >>> russian president vladmir putin answering president obama's sanctions by signing a tv to make crimea part of rus

three winners, h & r block, and gamestop on the upside along with cognizant technology. >> we'll find out what happens the end of the day. that will do it. >> here comes "street signs" right now. >>> hello. happy friday, everybody. scott walker and i your "street signs" cruise directors for this hour. it has been mayhem but are we done? is that it? that's ahead. >>> it may have less than 1% of the global smartphone market, but could blackberry be poised for a comeback? we play the devil's advocate for a stock that our guest says is absolutely uninvestable. and i know you are looking forward to a marguerita tonight but it is going to cost you because lime prices are doubling. all that sour news ahead. >>> let's begin with the markets. the nasdaq is the five worst performing stocks all momentum names, seema mody is at the nasdaq with more. >> we continue to see a lot of volatility in these momentum names. take a look at the screen. mixed session for those stocks. we were solidly in the green but now those gains are fading. keep in mind many of these stocks are still trading well below t

i went to gamestop, but there were too many people.n i went to best buy and picked it up there. this game is so many -- so important. the first thing -- this is the first big videogame that is going to use the cloud for a lot of its power. the artificial intelligence, the other guy you play against, they're driven by's in the cloud -- engines in the cloud. it is a huge undertaking and it really relies on xbox's cloud computing services. if they break down, it could be a real problem for millions of kids. >> what makes it so great? thehe game was created by guys who created the call of duty franchise. they used to work at activision. they got fired for subordination. at call of duty, they sold billion -- $10 billion in revenue. this could prove to be a huge hit. >> it is like a college textbook, the manual. >> i will invite you over to play it. >> top 10 stocks, next. ♪ the top 10.e for 10 is jcpenney. the struggling retailer of 3% after citigroup upgrading the shares to buy siding a turnaround. three straight annual losses. >> three st

three winners, h & r block, and gamestop on the upside along with cognizant technology. >> we'll find the day. that will do it. >> here comes "street signs" right now. >>> hello. happy friday, everybody. scott walker and i your "street signs" cruise directors for this hour. it has been mayhem but are we done? is that it? that's ahead. >>> it may have less than 1% of the global smartphone market, but could blackberry be poised for a comeback? we play the devil's advocate for a stock that our guest says is absolutely uninvestable. and i know you are looking forward to a marguerita tonight but it is going to cost you because lime prices are doubling. all that sour news ahead. >>> let's begin with the

gamestop pretty much owns the market but it looks like that could change if a big giant like walmarthe game. its reputation -- alibaba has enlisted some high-priced talent to lobby washington as a gift closer to an ipo. a very interesting story there. we are talking about big money in the biggest ipo this year. plus, the company that knows what you like and puts the flavor in the food you eat everyday. we will tell you all about it. ons is "market makers" bloomberg television, streaming on your tablet and on bloomberg.com. ♪ >> live from bloomberg world headquarters in new york, this is "market makers" with erik schatzker and stephanie ruhle. >> welcome to "market makers." i'm matt miller. >> i'm alix steel. it's a very is the newsday. >> i'm going to kick it off with the newsfeed right now -- the top business stories from around the world. new york's attorney general wants to know if high-speed .raders have an unfair a edge they're investigating services that offer faster access to trading data than the public gets. thanks and rapidfire trading from thehose places new york stock exc

much of those 500 names, h&r block comes in number two spot as best performer, beaten only by gamestop. back to you. david: david: nicole, enjoy your weekend. sandra: s&p 500 futures closing in chicago in about 10 seconds. let's head back to fill material in the pits of the cme -- phil streible. what do you see, phil. >> we'll close right at this spot, 1850 level on the s&p. it is real interes see how thine weekend. see if anything develops with russia. if it doesn't we'll look at chicago purchasing managers index here on monday. a little bit of inflation data coming out on monday and jobs data later in the week. that's about it right now. sandra: have a good weekend, phil streible. david: thanks, phil. upbeat week for oil, crude rallying up to near $102 a barrel. u.s. billionaire george soros proposed a plan for the u.s. to punish russia opening and selling our oil reserves. we have, i don't know, 750 million barrels there. it appears some u.s. lawmakers are listening. sandra: really? is that a good idea? what kind of impact would that have on the energy market? we have david greenber

movers right now, accenture, gamestop, citi to the downside. certainly that nz news is moving if markets. >> cashin's point, that would be a double bottom intraday. scott wapner, we will see. >> the activity of the momentum names, carl, is what's driving the action. at one point of the day they're down, the overall market is down. they try to come back. it's watching those stocks as a whole that gives you a good idea of where we're going. >> we know you're going to be our guide. at least the next 60 minutes. >> have a great rest of the day. >>> welcome. here's what we're following today. tale of two cities. the street has loved the stock but what now following the fed smack down. super analyst mike mayo is here live with a bombshell. inside scc, a former trader speaks out on the markets and why he decided to leave the embattled firm. as the nasdaq keeps sliding investor dan niles on the stock's heed buy or just plain avoid? let's meet the starting lineup. pete, josh, weiss, and murph. steve grasso is on the floor of the new york stock exchange

gamestop, about 4%, pete. >> and the issue is when you look forward, you look at the guidance and thedance is not where you wanted it to be. people will be very painful on your stock. they will sell it off. huge day today. maybe a bit of a washout day. double normal volume today. i don't want to buy it yet. but i will look at it now. >> a pop from symantec. >> some activists could get in the name. that puts a floor in the stock. it continues to go higher from here. >> and a pop from cliffs natural. >> speaking of activists, there's activists in this. but it got taken out of the s&p 500 last night, put into the 400. opened lower. ripped higher. i like this space. i'm in this name. if you're thinking about a cyclical upturn in the economy, here's where you get your value. >> and a pop in the form of kohl's. popping 2%, karen. >> it was off the deal they signed. not sure if that was it. probably part of it. kohl's may have bought it. it's not expensive. and i think they're turning it around. >> we've got a pop for canadian cocktails. >> what? >> a bar north of the border is offering a ne

i went to gamestop at midnight and waited in line for a long time out in yonkers, not the met with -- new york. it was packed. i went to best buy and picked up this game, along with a number of other contraptions that go with it. it is such a good game that this morning i gave serious thought to just quitting my job and staying home and playing the game until i was hospitalized. a lot of people i think will do that. the effects on the global economy of the game like this are probably a mess. >> i hear there are gamers that make lots of money just playing video games. >> a lot of tamers really have run into health problems because you lose track of time and beget -- forget to hydrate and eat and eventually passed out. happened to a kid in ohio and happens to people all the time. the most important game probably for microsoft to come out since the original halo in 2001. this is a game they hope will thee the console sales to point where they will not tell us how many they have sold because it is so embarrassing. >> why isn't lagging behind? >> a number of reasons. it is seen as a dedica

corner --michael >> gamestop is up today after data said that sales were stronger than >> over the last>> here we are at the close of trading. s&p giving back a little bit, just a touch, and in the day almost unchanged at one 845. dow jones industrial average losing about 40 points. we have tech declining, utilities gaining on the day, gnd the nasdaq looking at, han on, we are getting these from heather. tell me. biggest weekly decline since april. how about that? some additional context on today's markets, looking at sectors. utilities one of the standouts. julie? tech was doing poorly yesterday, continue to do poorly today. same thing goes for today's session. people did not want to go long into the weekend when you still mostthese dangling issues, notably the situation in ukraine, which has not really progressed. >> is it dangling? >> it is not resolved. >> concerns about china. >> all that stuff is still out there. >> bottom line, one of the most boring markets we have seen in ages. >> you think so? we had our worst decline since april. weekly decline. >> but we are down 0.07%. >> l

earnings, a theme, fund companies, gamestop, winnebago, lululemon. for you nestor's restoration hardware is coming after the bell. >> let's do a data check. interesting market. futures up 5. the yield moved lower over the last 24 hours. dollar, weaker at 1.37. crude back to 100 and barrel. finally weakens today after a good 6, 7-day bout of strength. the yen was stronger earlier, it has given up back. look at gold, under $1300. look at the gold chart. here's the surge in gold. the big rollover from june 2012. this is 1400. here was the bull dash. people getting feverish about gold. we just bounced right off that. >> and curious that gold could not get up through that area up. as the vix was pushing you look at gold, and clearly, not the case. >> three or four tough days for gold. we have scoured the newspapers and the web for what is important for your front page. >> first front-page story is citigroup. the bank failed the federal reserve stress test for second time in three years because of concerns about the quality of their process. what does that

josh brown said like a gamestop that you strap to your face. us @squawkstreet. >>> a major shake-up at jpmorgan leave many people wondering what who is in the running of the next company's ceo. first, rick santelli, what are you watching today? >> well, we're going to continue to look a bit at the yield curve but we're going to see which parts of it has dipped in the negative territory for the year. might be surprised how few maturities and see if we can help the president come up with ideas on how we can supplement the need for energy in germany specifically, europe generically. where, oh where, can we find some energy for europe? all coming up after the break. p. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are ch

stake and that's always a big deal, and lastly, it was a day in the red for video game restaler gamestoplmart introduces a new program to allow shoppers to trade in games for store credit at walmart. when the biggest retailer in the world wants a piece of your action, your shares will take a hit. >> as we know, the fed kicked off its two-day meet today, but investors are focusing on tomorrow when we get the committee's statement and we get that news conference by janet yellen. >> not only that, but fed chair janet yellen, that will be her first news conference she's delivering and you will see it right here on "the closing bell." what should we be expecting? joining us is jared bernstein and mya mcgiddes. great to see you both. mya, what do you expect here? >> well, i'm anticipating that what we're going to hear from the new chairwoman is a sense of where they're going to go with forward guidance and the sense of where we think the economy is headed. it will be very important what their projections for the economy are and how that is going to dove tail with if they're going to be changes

gamestop, target and best buy currently offer trade-ins for new games. shares of game soip might be unchanged. >> microsoft may soon be unveiling office for the ipad. >> this is outrageous. >> it's taken this long? where have they been? i have spent too much time searching for office on the ipad only to find out that it wasn't there. go ahead. you read it. microsoft's new ceo is going to be holding a news briefing on march 27th focused on the cloud and mobile. and that is where the -- what they're now calling the nadella announcement. including popular word, excel and powerpoint programs. take a look at shares of microsoft. i want to see if i'm 1,000% with you in the greatest mistake that microsoft has made in the last five years is not -- if they had put office on board, they would have been able to protect their entire franchise from google and google docs. no question. >> here is the thing. my understanding was microsoft's failure to do that created a lot of innovation in that area. >> huge opportunity. >> but did anybody really take hold? and have th