and earnings from johnson&john an and goldman sachs. goldman sachs coming in with earnings ahead of expectations. in yesterday's session, the dow fell 265 points to 14599 and the nads dabbing fell 78 to close at 3,216. at jon mentioned, carnival cruise will reimburse the government for the cost to the passengers on the cruise ship. it left thousands of people stranded. carnival has come under fire from senator jay rockefeller who questioned the company's willingness to pay. he is the chair of the senate commerce committee and he estimates both accidents cost the coast guard and the navy more than $4 million. back to you. >>> thank you very much. we'll check back a little later on. >>> right now, we want to check in with meteorologist, christina loren. >> good morning. >> good morning to you. we had really strong winds yesterday and this morning, it is really chilly out there. you want to make sure you are prepared for the weather elements today. starting with your testimony change, over the past 24 hours, temperatures are running 1 to 11 degrees cold

goldman sachs, these guys are continuing to run economic policy. it is goldman sachs. i am sorry. they're all goldman sachs alums. the bill back to goldman sachs. they go back into government. -- they all go back to goldman sachs. they go back into government. it is a white house issued. >> this goes back to the media in a way. i will go back to goldman sachs if i must. remember in august when there were about 1200 people doing civil disobedience around the white house protesting the keystone pipeline. the corporate mainstream media was like this on that. imagine if 1200 tea party members hitched themselves to the date of the white house. when occupy launched in september in new york and then moved across the country, suddenly there was more attention being paid to other movements. it exposed how the media has done such a disservice to this country in the last few years by saying there was one movement in this country, the tea party. there are many other movements. the occupy wall street movement has brought into sharper relief and force the media to pay attention to other issues and movements. i cou

their executives three four point three times more than the cost of living wage point is goldman sachs goldman sachs pays its part time board members half a million dollars a year they only need fifteen times that's the reason why these folks who work at mcdonald's forty hour forty hours a day forty hours a week of school or forty hours a week very productive they work forty hours a week and they only make seven twenty five an hour which was fifty thousand dollars a year less well that's a crazy way to actually hired some states they do make one some point five so that's actually unfair to. bring up the stress issue that's their choice we limit a lot of choices. people can you know if you're not making a choice you're actually forcing certain choices are damaging to the economy in deciding to pay your executives more than they can ever spend while paying your workers poverty wages tell is a bad. inflated wage is limiting choice you're not letting the market set the wage you're saying well it's so unfair we're going to have the same learned in global markets as wage and we do is we have to compete wi

expires in 2021, but the oakland city administrator is hiring a firm into cutting ties with goldman sachs. goldman sachsrtedly get a chance to respond to the issue during the finance committee hearing on tuesday. >>> an e connick oak tree at the state historical park will be cut down this fall. this is a picture of jack london and his wife in front of the tree in the early 1900s. california state park officials say the tree is ready to fall because of a wood-eating fungus and the tree killer known as sudden oak death. it is where landon wrote dozens of books and short stories. >> they will have the world series wins. before the first pitch they will hold a ceremony to honor the 2012 team. this is the team's second world series ring ceremony in three years. the first 40,000 fans to enter the ballpark will get replica version of the ring. righthander matt cain will start as the pitcher. >>> now the giants lost to the cardinals yesterday, but buster posey sure came out a winner. the sdwrients catcher was honored before the game being the national league's most valuable flare of the year. jack kent and will

goldman sachs. goldman sachs has a list called conviction -- i don't think any firm, especially goldman sachs, can have conviction and -- >> and now they have no constriction on apple. the analyst sites that the company's most recent product was tort. the target was cut from 7735 to 6/6to 660. hewlett packard was downgraded from sell to neutral at goldman sac sachs. and the price target there at 16. finally, goldman sachs downgraded -- oh, they were making the moves. now i guessback of america is downgrading goldman to neutral from buy at bank of america merrill lynch. >>> when we come back this morning, facebook is reportedly courting an online dating site to have re buffaloed. >>> first, as we head to break, take a look at yesterday's winners and losers. zap technology. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> making headlines, facebook is reportedly in the process of acquiring a start-

goldman sachs. >> at the goldman sachs. >> at the goldman sachs. >> that can go well on amr?hurt everybody and i learned never recommend an airline stock until 2013, but time has passed. >> a lot of people, us airways when i flew this weekend in washington, i said thank you. thank you. when continental tossed me out of the green room those days are over and i can walk into any of those ambassador class thing, but that's not the way i fly. >> nicely gheited by the airlines. it is never about that, david. it's not about friends. it's about money! >> perfect place to end. the opening bell just a few minute away, of course, there's a lot more "squawk on the street" and jim cramer straight ahead. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission.

goldman sachs. that was of those who the huge crisis goldman sachs needed to bail out over its loans to mexico that was the bailout of the s n l's that was the bailout of the banks in the one nine hundred eighty s. each time there was this bailout we have the same situation which is that the bankers they go to government and say well we've taken all these risky loans and if you don't bail us out the entire economy of the world will come tumbling down and the politicians are don't know whether this is true or not and immediately whip out their checkbooks and write it out this is what capitalism is and therefore what is precisely that the richest are bailed out they continue to earn the massive bonuses while everybody else has to pay for their risky loans and the risky you know nonsensical decisions where's the personal responsibility in all of this i mean if there is nobody willing to take on loans that they couldn't afford to pay that back or take on mortgages that they couldn't afford to pay. there wouldn't be a crisis i mean if if banks where they're saying to people look i want to force this loa

goldman sachs. i had been courted by goldman sachs for three years before i got a job this the security sales department. helping individuals and small institutions manage their money. but tonight's show, like every show, is about learning how to trade and invest. my study with me at the university of hard knocks. so i will dispense with the anecdotes. first, that's where i began understanding the process of actually making money. money management, the ability to build a portfolio from the ground up. i had the best teachers in the world. lee cooperman put on a new investment clinic each day. but you know who i really learned from? my customers. chiefly wealthy individuals from all walks of life. it was at goldmani learned something that these days can't be as understood. that is individuals actively beat the market. i had nondiscretionary accounts, meaning i wasn't allowed to invest anyone else's money with my own ideas unless i could win them over to make the purchase. that's where i made commissions. i was able to articulate that stock's idea in a way that made sense. you had to know your stuff. i often asked the buyers whether they knew enough about their stocks when they wanted to buy on their own. i wanted them to be as educated as they could about the securities they were buying. i knew if they went up, it would be their idea and if the stock went down, they would be mine. just human nature. what else did i learn? how about humility? it was at goldman sachs that i first figured out how humbling it could be. it just started a year and a half before i got hired. but when one of your ideas went against you, you had to get on the horn and explain either why the person should buy more or whet

goldman sachs. that was of the see the huge crisis goldman sachs needed to bail out over its loans to mexico that was the bailout of the s n l's that was the bailout of the banks in the one nine hundred eighty s. each time there was this bailout we have the same situation which is that the bankers go to government and say well we've taken all these risky loans and if you don't bail us out the entire economy of the world will come tumbling down and the politicians are don't know whether this is true or not and immediately whip out their checkbooks and write it out this is what capitalism is and therefore what we get is precisely that the richest are bailed out they continue to earn their massive bonuses while everybody else has to pay for their risky loans and you know risky you know nonsensical decisions and lose their jobs and are then but basically are out for you know the permanently unemployed if you look at the. unemployment statistics or you can see that there's a there's a rising number of people who are basically permanently unemployed they just essentially were just been waiting to die off b

goldman sachs. i had been courted by goldman sachs for three years before i got a job this the security sales department. helping individuals and small institutions manage their money. but tonight's show, like every show, is about learning how to trade and invest. my study with me at the university of hard knocks. so i will dispense with the anecdotes. trying try to teach you how to make money from the events that occurred when i was at goldman. first, that's where i began understanding the process of actually making money. money management, the ability to build a portfolio trt ground up. i had the best teachers in the world. lee cooperman put on a new investment clinic each day. hardly an hour went by when i heard a great new idea walking down the hall. but you know who i really learned from? my customers. chiefly wealthy individuals from all walks of life. it was at goldman that i learned something that these days can't be understood by so many professionals at this business. that is individuals actively beat the market regularly. i can tell you i saw it with my own eyes. i had nondiscretionary accounts, meaning i wasn't allowed to invest anyone else's money with my own ideas unless i could win them over to make the purchase. remember, i was on commission and made moenl money only with the buys or sells i could convince people to act on. that's where i learned how important it was to with the individual. i was able to arti

goldman sachs earnings. plus, what analysts can already tell about next quarter's bank profits. goldman sachs is the latest bank to report first-quarter earnings. analysts estimate shares will be up from earlier consensus to $3.75. however, revenues are predicted to fall 19% from last year. yesterday, citigroup reported earnings that rose 30% in the first quarter, exceeding analysts' expectations. profits totaled $3.8 billion. simliar to other banks, citigroup has been cutting costs. citi laid off 11,000 workers and unloaded $60 billion in troubled assets. joining us now with a bank account of the financial sector, sheraz mian. he's with zacks. good morning to you. how are bank profits overall stacking up? - so far so good. we have heard from some of the best players in the industry at this stage, particularly the ones we heard from on friday, jp morgan and wells fargo. the growth rates look much better relative to preseason expectations. there were surprises - positive ones, particularly on the bottom line. top-line is a bit on the weak side. loan growth is a bit problematic. the mortgage bu

and morgan stanley and goldman sachs are going to have a very good quarter. goldman sachswill have a trillion dollars under management, a trillion with a t, that they're going to announce. that's a lot of money and they're making more money there than people think. so those four names. i'll throw in cow an here which is also very cheap. >> thanks for your time, charlie. >> thank you. >> coming up next on "fast," the abc's of designing a portfolio. what you can learn from the reformed broker josh brown. and our traders answer their favorite tweets of the day. so stick around. ou nia, i'm mike. what do you drive? i have a ford explorer, i love my car. and you're treating it well? yes i am. there are a lot of places you could take your explorer for service, why do you bring it back to the ford dealership? they specifically work on fords. it seems to me like the best care. and it's equal or less money, so it's a value for me. get a free brake inspection and brake pads installed for just 49.95 after rebates when you use the ford service credit card. who doesn't enjoy value? ♪ t

sachs, another one of the largest financial institutions in the country, in 2010 goldman sachs operated 39 subsidiaries in offshore tax havens to avoid an estimated $3.3 billion in u.s. taxes. goldman sachs. citigroup, another financial institution bailed out by the taxpayers of this country, citigroup has paid no federal income taxes for the last five years. that's not bad. many people out there watching us say that's pretty good. how do you avoid paying income taxes when you're one of the largest corporations in america for a five-year period? that's pretty good. general electric during the last five years general electric made $81 billion in profits. not too shabby. not only has general electric avoided paying federal income taxes during these years, it received a tax rebate of $3 billion from the i.r.s.. g.e. has at least 14 offshore subsidiaries in bermuda, singapore and luxembourg for the purpose of avoiding u.s. income taxes. and you want to know why the american people are cynical about what goes on in washington? you want to know why the congress of the united states has an extremely low level of support or favorability? it is because the american people know they are getting ri

and goldman sachs got caught because he didn't tell the investors that by the way the guy designed it to fail goldman sachs had to pay a five hundred fifty million dollars fine guess how much the hedge fund guy had to pay guess zero zero because he was he didn't have to disclose so he was in cahoots with that with the big bank and i'm going to tax paid five hundred million dollars or so i fifty but but the over a billion dollars was made on this deal by the hedge fund so this is just like a cost of doing business they they don't you don't make this kind of money unless you are very very sure you're going to win the bet take high frequency trading. it's done in nanoseconds by the time you press the button on your each trade account there is a hedge fund that bought the share and sold it back to you made a few pennies profit because they can see you coming they're working in a different time uniform verse they're working in nano seconds you're working in seconds minutes there's a guy who's doing this who bragged to the press that over the last five years the he had had a losing day in five years and the long

goldman sachs got caught because they didn't tell the investors that by the way the guy designed it to fail goldman sachs had to pay a five hundred fifty million dollars fine guess how much the hedge fund guy had to pay guess zero zero because he was he didn't have to disclose so he was in cahoots with that with the big bank and goldman sachs paid five hundred million dollars fifty but but the over a billion dollars was made in this deal by the hedge funds so this is just like a cost of doing business they they don't you don't make this kind of money unless you are very very sure you're going to win the bet take high frequency trading. it's done in nanoseconds by the time you press the button on your each trade account there is a hedge fund that bought the share and sold it back to you made a few pennies profit because they can see you coming they're working in a different time uniform verse they're working in nanoseconds you're working in seconds minutes there's a guy who's doing this. we used to make things in this country for adam smith wealth of nations seven hundred seventy six. his whole point was that the wealth of a nation is what it makes the example that he used was a tree limb on the ground has no intrinsic value other than perhaps to nature but if you apply human labor to it and carve it into an axe handl

goldman sachs, morgan stanley. the data shows it wasn't remotely possible. morgan stanley, goldman sachswall street had speculated massivery on the bubble finance that the greenspan fed and produced with the interest rates. our financial system was way overleveraged. it was funding itself on hot money that came and went on an overnight basis. and so therefore, the system needed a cleansing. it needed discipline. and we could have let the two of those firms fail. it wouldn't have spread to the main street banks. they weren't engaged in this kind of lenked speculation themselves didn't own the toxic assets. there was never a risk that the atms would go dark or pay rolls wouldn't be met. all of this i describe in shorthand as a coup detat by wall street. and it led them running around the third floor of the treasury department propping up wall street when the taxpayers of america never should have been thrown in harm's way. >> i read through your new york times piece and i would like to quote. you wrote the modern state is paralyzed and broke. the periodically lavishes the top 1% with specu

goldman sachs. last week, three days ago, i believe, goldman sachs came out with a pretty prescient call. they said gold would tumble massively. they cut their long and short-term price targets. guess what happened? it tumbled from what i understand. this is speculation. goldmanment as of right now. goldman went in after that as a firm began to short gold. this is what i hear. they know i will ask this and. who lost money out of the this? clearly one of the biggest losers i don't mean them to comment on this is john paulson, the great hedge fund manager who made billions off the collapse of the subprime market. he made a huge bet on gold. one of the biggest, biggest bets i think ever by a hedge fund manager. what i understand he is undo, his holdings are down about a billion dollars. i'm getting that from charlie brady of fox business. who is who is winning, who is losing off the speculation. it is goldman winning, paulson losing off the speculation and who is losing long term, clearly it is the u.s., the american people. i mean we allowed the fed to print money and we got nothing out of it. why does gold, what does gold have to do with that? gold is declining people are saying why do i own this? there is no inflation. lori: want to jump in here because i thi

goldman sachs, isn't it interesting at every stage of all the interventions goldman sachs came out spelling like a rose. i don't know if it's just coincidence that so many people in the government were at one time at goldmane lesson now, i guess, because we continue -- the fed continues to print money. >> right. martha: at just lofty levels that are of great concern to a lot of people. what we're told by the administration is that you w really should -pbt be worried about it. we are concerned about the debt and the deficit but not that much, it's okay. >> martha the big question is how do you put the jeannie back in the battle. martha: very difficult. >> we have this massive infusion of money into the economy and how do you shut that off? now there is a real worry that when we stop with that cocaine addiction of free money that maybe that is going to cause a recession. the question i ask is, what happens when the music stops? and i think that's the question david stockman asked in his book. martha: it's too late to take the pain basically from what happened in 08 but it's an interesting argument that we should of, you know. and i think it's something to think about. >> we didn't get capitalism work. we ba

goldman sachs. it hit 100 earlier. all-time high for mcdonald's. one. top performers in the dow along with at&t and hewlett-packard. ashley: lauren, panera getting a nice boost from goldman sachs. >> goldman saying stocks like panera bread and yum brand and darden will be okay because despite higher gas prices and higher social security payroll taxes this year we're still ating out. consumer sentiment is okay. the job market is doing wetter. panera bread up 3% at last check also, lifetime high. liz: lauren, isn't interesting when big name investors get into a stock and talk about it. that happened to crocs. legendary investor leon cooperman mentioned it. >> the stock is up 5%, really nice boost. also news out of crocs that they have new chief marketing officer. so that stock was a big winner today. ashley: just before the bell starts ringing. it wasn't a phone or operating system but investors liked facebook's new announcement maybe because it wasn't a phone. >> i'm still trying to wrap high head around why we would want to do something like this but facebook investors buying you up the stock today. it was up more than 3% at

satisfaction with expectations for the company, goldman sachs has taken apple off its list of most highly recommended stocks. in a note to clients, a goldman and sachss that the iphone 5 has not sold as well as they expected. he says that apple needs some real " hits " among the products that they roll out dough in the second half of the year. this does not mean that the company is off of sex are radsachs radar completely. >> it looks like the next version of the iphone could happen sometime this summer. asian manufacturers of the components used to make the iphone have hinted that production is about to start for the new model. this is video of the lead in the last iphone that was released in the fall. the company is also working on a cheaper iphone model that when some market share in developing countries. the lord calls model will reportedly have a 4 in. screen and the body will be made from less expensive materials like plastic. right now, the iphone 5 cost around $600. >> we will be right back. 9 pm. you know what that means... we turn into werewolves. no dude... i start serving my late night munchie meals at nine. for six bucks you get 2 tacos

goldman sachs, when apple was at $700, and some of the insiders are talking about this today on the blogs, the market blogs, goldman sachs had a conviction buy list on apple from 700 all the way down to $428. only today do they remove it off the conviction buy list and put it to a buy rating and because they're concerned about demand. not only for apple, but it's down again. >> did they have a new price target from goldmanle? >> they did. the price target now, they reduced the prices, 575, from 660. stuart: all right. we'll bear that in mind, shall we? thanks very much, nicole, we're up 41 points in the first couple of seconds. i've got big news on the health care front. health insurers, they're going to get more money than they expected next year running medicare advantage plans. take a look at those stocks right now, they're up some more. big gains yesterday afternoon when this first news came out. now, we've got gains of look at that, united-health group, 5%. when you start seeing stocks move in percentage terms, you know you've got yourself a serious group of winners. and that's a bunch of winners today. health insurance, i want to go back to nicole because there's another company that was cut by goldman sachs, it's hewlett-packard, and so what's happening there? >> right, so what they did, what they did, they downgraded the u.s. technology sector overall and they're bearish on the trends that they'

goldman sachs. that name seems like it's actually broken. been accelerating to the downside while the others are holding up. look at jp morgan versus goldman sachs, see what i'm talking about. it's been outperforming goldmanr the last couple days. >> one of the reasons, judge, is because jp morgan is getting that cash flow from europeans that are scared of the european banks. goldman sachs will never get that cash flow. they're not that kind of bank. >> give me the read on boeing real quick. >> they're finally going to do the test of the dreamliners again. that is a good thing for boeing. i think it already played out as far as people have priced in it's going to be approved with this battery address and i think i stay on the sidelines against boeing. >>> next up on the "half" mark zuckerberg unveiled his latest effort to crack the mobile challenge facing facebook. is it enough to impress investors, though? one of our traders thinks so. that's why we're going to debate it. >>> is today's lousy jobs number a warning sign for the housing market? we'll talk to the leading voice on home prices, yale university's robert shiller. he's going to make a big call on where stocks currently are as well. we're back in

goldman sachs. back in 2007 when he was a trader there he accumulated a huge position over $8 billion in s&p future which is cost goldman sachs over $118 million to unwind. he accumulated that position by bypassing the risk controls on goldmanman did flag regulators about this and he, of course, mr. taylor, later left the firm. goldman sachs declining comment and calls and emails to mr. taylor's lawyers have not been returned. >> thanks, mary thompson, for that update. >>> dominion resources has been capitalizing on the gas boom. last night on "mad money" ceo thomas ferrell told jim how encouraging it is to encourage drillers to keep on drilling for nat gas. >> i think we'll have enough done to make sure that the balance stays in the markets. gas has been volatile over the years. it's important to keep an underpinning under the price to keep encouraging drillers to dr drill for the gas. >> i mean, jim, this issue which we discuss here and you do so often on "mad money" so central. i don't think you can talk enough about it. >> thank you. there are two camps developing in this country. there is the dow chemical nucor camp which says we can't export this stuff. then there's another whole camp that says if we don't find more m

goldman sachs coming out and trading revenues were actually strong. investment stims were strong. >> i don't have a position in goldman sachs but my cursory look was that this is good. i know stock is trading down today and that's just short-termism. if you're a long term investor in goldmanyou would feel good and not worry about whether the next two to three weeks is going to be bad or good. cheryl: top line was good. speaking of extra security in front of the new york stock exchange, we have some employees there but another thing we're looking although, we have numbers coming out after the bell today. intel, yahoo. when you look at the numbers, do you put a weight into this quarter? comparison to the first quarter of last year, it will be toughest specially for intel. >> those two names are story stocks right now. the story with intel, nobody is expecting anything great for them. not after the p.c. sales numbers from last week and, you know, these guys have been hit hard by mobile phones and smart phones. yahoo is still very much in a turn around stage so with those two, you actually get a bit of a pass. expectations are very low but i think after that as you get more into the industrial companies, cat next week and you'll get more expects like cat that will give you a

goldman sachs saying that they expect this number to be much lower than the overall expectation. 200k is the reuters estimate. goldman sachslow that. >> the situation is certainly not good. you look at the workforce participation rate, a lot fewer people are working today than there used to be and that excuse the numbers. the numbers actually worse than they seem. cheryl casone from the fox business network, thanks for coming in. it is 26 minutes after the hour. coming up, unbelievable video to show you. an off-duty cop rushing to the t.s.a.'s rescue after a woman attempts to bust through the gate. >> this may be a first for prince william. he is snubbed by a girl. wait till you hear what wait till you hear what happened here. ♪ i don't wanna be right [ record scratch ] what?! it's not bad for you. it just tastes that way. [ female announcer ] honey nut cheerios cereal -- heart-healthy, whole grain oats. you can't go wrong loving it. heart-healthy, whole grain oats. license and registration please. what's this? uhh, it's my geico insurance id card, sir. it's digital, uh, pretty cool right? maybe. you know why i pulled you

goldman sachs losing its conviction on the stock. shibani joshi is here with the details. shibani: goldman sachs apple off of its conviction buy list. here is the big picture story. it has, in the united states, the company has been under attack from chinese media. they are accusing the company of being aaron. accusing the company of trading chinese citizens like second-class citizens. tim cook is going back to the country and say we are sorry. do not forget to buy our products. we recognize that some people may have viewed our lack of communication as arrogant or a sign that we did not care or value their feedback. we sincerely apologize to our customers for any consumer confusion we have they caused. he went on to say they have much to recognize about communicating in china. new user growth, we believe apple may find it difficult to pick and says expectations going into march and june quarters. the stock is up. people are coming in and buying. some people are saying this is a good time to buy. ashley: some of those accusations may be true. shibani: apple has been doing a lot of that lately. tr

goldman sachs came out on sunday and talked about a gdp slowdown. stuart: hold up, hold up. goldman sachs said what? >> okay, the first quarter, they're predicting 3% gdp. q-2 and-- >> economic activity in the united states. stuart: spell it out. that's not what they were expecting and turned around and said it's going to be lower. cheryl: yeah. they're saying that we're going to have 2% growth in the second quarter and 2% growth in the third quarter and backing off the earlier predictions and i think with the trading desks around the city, they do listen to what goldmany. charles: the only thing, that comes out sunday and the equities futures were higher this morning and people kind of knew that before the futures went up and plus, no one is expecting robust growth here. i don't know if you go from 2.3% to 2%, who is expecting anything over 3%? there's something, obviously, a big move. cheryl: a mixture. charles: a mixture of a lot of things and anxiety. stuart: now this, reach back for a second. some are blaming that very bad jobs report on the sequester. listen to this from market watch, direct quote. the government cutbacks have already been slowing our nation's economic growth and are now actively pulling employment downward. but the worst may yet be-- be yet to come. cheryl, how do you say that the sequester is responsible for the lack of jobs in march when the sequester furlough letters didn't go out until later, after the jobs report was compiled? makes no sense. cheryl: it's another way to look for an excuse. stuart: thank you. cheryl: that's

goldman sachs says we're not overbought and the bulls will continue to rule. where do they see opportunity? well, abby joseph cohen, goldman sachs senior investment strategist and president joining us in a moment. you don't want to miss that. >>> also we want to hear from you. nielsen, the tracking, they track tv shows, how much you watch. they may soon begin tracking online viewing of tv shows, online viewing. do you watch more tv online than on a traditional tv set? log on to facebook.co facebook.com/afterthebell. we're going to read some of your answers a little later this hour. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ david: see what's happening to blackberry recently? shares of blackberry trading about 16 bucks for first time since lay march. let's head back to nicole petallides on the floor of the new york stock exchange. good day for blackberry. >> right. is it hot or is it not? that's the question. well right now it is hot again. the blackberry, right, the new q-10, those phones available in the u.k., they were on sale and sold out in about two hours which led blackberry executives to tout the company's new blackberry that everybody waited for about a year and a half and its keyboard and what a great specimen it is and that they have sold tens of millions much. that is what they expect they will sell, tens of millions. so according to the reports that we're seeing, the chief executive officer of blackberry is very hot on the potential for its new products. it is up about 13%, this month, dave, and as you noted above that $16 mark which is a big deal. back to you. david: good stuff. thank you very much, nicole. well, the s&p futures are closing in about a minute. let's head back to larry shover in the pits of the cme always try to get a prediction what is happening tomorrow by the close of the s&p futures. what seeing, larry? >> once again the markets are slow and choppy as once again we're waiting for very important and vital data points. we have on obviously the fed tomorrow. ecb on thursday and the bls report, the labor report on friday. do keep in mind they're penciling in 150 to 155,000 job adds. remember 88,000 last month. this could be a game-changer. so we're on hold waiting for friday. david: okay. friddy's a day. of course tomorrow is not insignificant, with the end of the fed meeting as well. larry, good to see you. in the realm of tech investors our next guest has become somewhat of a legend, amassed a 10% share of facebook long before its ipo. if you want to know how to invest in social media few can top our next guest, who joins from us the milken global conference, liz. liz: david, we are happy to welcome tech investor yuri milner. he is the founder of digital sky technologies and he broke into the forbes billionaire list in 2011 thanks to his savvy timing on social media. and you, by the way for our people who don't know, our viewers who don't know, have pretty significant stakes in names like facebook, spotify, ali baba, twitter. so you're the perfect person to talk about sort of developing technologies right now and let's just begin with that. with social media, is it as strong as people believe it to be when you start to see that many of the companies that have gone public are floundering just a bit, ex, linkedin? >> linkedin is a very social story. you know, i built a company called mailroom, which is the largest company in europe. i think it is doing quite well also. so i think there are, there's a subset of companies that continue to do well. and i think facebook has a very bright future ahead of itself. liz: i have to ask you about twitter because twitter is in the news so much lately. it has major power. so many people in this hallway, i keep hearing i have to tweet this picture, listen i was tweeting a picture of me and magic johnson when i saw him in the hallway here. you are an twitter. aren't you angling to get the company to launch an ipo so you can get your investment back? are you pushing for that? >> i think it is really up to management to make those decisions. i think that we are very patient investors. i think there is the, has to be a right time for the company to go public. in fact our investment strategy was totally based on giving enough liquidity to private investors in big companies, so that the ipo can actually be postponed. so, i think, this is very relevant for some significant companies to basically not go public too early and, --. liz: been a few years, hasn't it, with twitter? >> i think it was a couple of years. liz: yeah. been a couple. david, you've got some questions. david: i do, and yuri, good to talk to you again my friend. facebook, let's talk about, dozens if not hundreds of people probably come to you in the course of a year with ideas for you to invest in. i'm just wondering what made facebook, or in particular zuckerberg stand out? was there something different about zuckerberg that made him stand out from the crowd? what was it? >> well, there are, really a handful of people in the world who are capable of building companies that are bigger than $50 billion valuation. you have to be a true genius. you have to be able to grow extremely fast. you have to be able to organize people. you have to be able to understand technology products and many other things. there are only seven companies in the last 20 years in the technology space built with that sort of valuation. people like that are born globally only once every two or three years. david: we know what zuckerberg created. we know what he has created but when you saw him in the very early stages of facebook what did you see in him that said, this guy is tremendously good bet? >> all of the above mentioned. i could see what tremendous potential he has has an individual and as a result he could build a great business and lead it for a long time. so, you know, it didn't have too many meetings to be able to see how capable he is. liz: all the more reason then, that you must be disappointed in how the stock was launched as an ipo and how it is performed perhaps? >> well, i think, it, it was an interesting ipo in many ways. i think that you have to be patient with, with big companies. if you look at google and apple, they are having their ups and downs but the bottom line is that this companies are not going anywhere and they're here to stay. if you think about facebook, it is so dominant in what it does, in the world, that it was very hard to see, something bad happening to it anytime soon. specifically because it is led by such a capable ceo and founder. i emphasize founder because when the founder is leading the company, it is always something very special. it is always something that keeps the dna of the company going forward. david: yuri, can i just ask about russia itself, pulling back and looking at the country because a lot of people are thinking about investing there. jim rogers, who was against it for the longest time is now investing heavily there. when you and i first met in moscow 20 years ago, the soviet union still existed but you were about become the first soviet student at the wharton business school you graduated, got your mba. people in russia have changed and are doing some spectacular things. you're witness number one for that but the system, does the system still need to change in some ways to make it more open to investors? >> well, i mean, i've, i can only judge in a narrow sense. i build a company which is leading internet company in russia, and in fact in europe. it took 10 years to build. the, the environment for building that sort of a business was very receptive at the time. i, i have sold my position in all russian businesses in the last few years to completely focus on investing globally actually. david: interesting. >> so, blue if you think about it, the russian internet space is a very competitive space. google and facebook are competing with local players. there is really no restriction for foreign competition compared to other countries, like china for example. so, i think it's, at least from my vantage point, it was really free market very open to global players to compete in. liz: yuri milner, and david, i don't know if you know this because i just asked him of all the companies he invests in he does not sit on a single board as matter of principle which i find very interesting. david: by the way, i want to mention yuri's father, boris milner was one of the most brilliant economists, when i was writings for "wall street journal", my best source in russia was boris milner, yuri's father. i put up by the way on our web page i put up a article i wrote 20 years ago, yuri which mentions your father several times. god bless him and great to see you, yuri. >> thank you, david. liz: he smiled as you started to say that, he is very proud of that. david: he should be. boris is a great guy. thank you very much. >>> the markets are hitting new highs so is there still room for the bulls to run? goldmantainly thinks so recently up greating equities? where do they say new opportunities? abby joseph cohen senior investment strategist and president joins us next. ♪ david: we have more signs of a housing recovery. today's case-shiller report showing home prices for 20 u.s. cities posting their largest year-over-year growth since 2006. now what does that mean for industries driving the housing market? jeff flock is in muskego, wisconsin at penny mustard furniture company. i love the name, jeff? >> and beautiful furniture, david. it is all made in the usa. i'll tell you it is great stuff and great news for the folks at penny mustard. i tell you why they call it penny mustard by the way in a second. i will talk to ben huff, one of the brothers that run the company. you love the news today out of the case-shiller folks. anytime home prices are up it is good news for you?. >> yes it is. it will increase sales of home furnishing industry which is good for anybody in the home furnishings indust

goldman sachs. mcdonald's leading the dow industrials. they got a price target increase by goldman sachs to $108 a share. those are two competitors in the food space both doing really well. back to you. melissa: lauren, thanks so much. rising grain prices forcing hundreds of california dairy farmers out of business. next we'll introduce you to the so-called dairy queen who lost everything after 57 years in business. lori: the dow is actually climbing here, up 32 points. here is look at some winners and. zero in on facebook. a relieving announcement. we'll explain it a little later. shares up nearly 3%. back with more after this. [ jackie ] its just so frustrating... ♪ the middle of this special moment and i need to run off to the bathroom. ♪ i'm fed up with always having to put my bladder's needs ahead of my daughter. ♪ so today, i'm finally talking to myoctor about overactive bladder symptoms. [ female announcer ] know that gotta go feeling? ask your doctor about prescription toviaz. one toviaz pill a day significantly reduces sudden urges and accidents, for 24 hours. if you have certain stomach problems or glaoma, or can not empty your bladd, you should not take toviaz. get emergency medical help right away if your face, lips, throat or tongue swells. toviaz can cause blurred vision, dizziness, drowsiness and decreased sweating. do not drive,perate machinery or do unsafe tasks until you ow how toviaz affects you. the most common side effects are dry mouth and constipation. talk to your doctor about toviaz. melissa: california is the top dairy producer in the country but farmers there are struggling with high feed prices and artificially low milk prices. after 57 years in the dairy business, our next guest had to sell off her herd and her farm. mary cameron joins us from her old farm in california. mary, we don't have a lot of time. i want to get right to the story so people understand what is going on in california. basically feed prices have risen but you farmers were not able to raise your milk prices in order to save your margin and stay in business because of different state regulations that force you to keep your prices low to benefit the cheese and ice cream makers? is that right? >> i'm sorry. can you speak louder. melissa: sure. i'm trying to figure out how got into this situation. my understanding is that the prices for feed and grain have risen but you haven't been able to raise your prices at the same time to stay in base us of state regulation. is that right? >> you know i would love to be able to answer that but you have to speak louder. >> just teller what happened to you. >> what happened to me? in the last four years our feed costs have skyrocket and we, in order to get the kind of production we want, we have to feed our cows a very high protein feed. those prices have gone out of the sky. so it gradually happened and i think we should awakened to it that we were going to have higher costs. and then in the meantime the, money that we were receiving for our product was going down. for example, my feed costs run about $12100 weight milk but i'm only receiving $17100 weight. i have $5 in order to pay labor and all the costs involved in running a dairy. it was a very, very bad situation and there are dairy men going out of business every week. we have bankruptcies. we have disperal sales. and of course that's what happened to me. melissa: mary, can you hear me now? no. >> no. melissa: too bad we wanted to talk to mary cameron. such a sweet lady. we'll try to hear more about the story and pick it up later. thanks for stick with us and for trying. lori: good effort on your part. >>> might as well call it liquid gold, 50 bucks a gallon, 13 times more pricing than. maine syrup, more than tap of a buck debt, -- bucket, thieves are stealing tap from private property and making syrup themselves. criminal charges are rarely pressed, syrup looting is problematic for maine mable business and landowners. are have you ever tapped for syrup. melissa: i worked in maine and new hampshire and. lori: it is cool and lot of work but it sure makes a difference. you know the difference between the grocery store brand and real stuff so. melissa: coming up tonight on "money," we're breaking down the business of crowd funding. looking at money behind this phenomenon, with chance barnett, or barrett, sorry. he is the ceo of crowd funder and toby daniels. ceo of social media week. that is tonight at 5:00 p.m. eastern on fox business the you can raise millions for your business. lots of people have. it is a huge phenomenon now, crowd funding. you need money, watch tonight. we'll show you how to get it. lori: we'll take it. melissa: that's right the. lori: so the market is kind of itch soing for direction here. you have the dow just up 34 points. it had been higher by 80 just like five minutes or so ago. we'll continue our coverage of the trading action. the question is, more upside. record market has room to run, ashley webster who are walking in right now. stay with us. fox business. tracy: good afternoon, i'm tracy byrnes. ashley: i'm ashley webster. caution for the day ahead of tomorrow's crittoll jobs report. it had been up 75 points i should say earlier today. tracy: facebook's highly-touted launch is not a new phone, not an operating system but instead what mark zuckerberg calls, a family of apps. for the android phones of course. the stock is jumping on this news. we'll have detail ahead. ashley: oil prices tumbling for a second day, now trading below $9 a barrel, for first time in two weeks. former shell oil executive john hofmeister will tell us where oil is heading next. where he says americans could save big money on energy if only the government would let them. tracy: if only. the dow is up 33 points. top of the hour, time for stocks. lauren simonetti on the floor of the exchange. >> hi, traysy, hi, ashley. the market is trying to come back. nasdaq reversed course up by not much but well take it. materials, financials and telecom leading this market higher. for the week, struggling. very choppy week, tomorrow morning will be interesting with the unemployment report for the month of march. let's look at oil right now. it has been down in three of the past four sessions. yesterday the biggest percentage loss for crude of the year. right now, down once again, trading, under 93. just that $93 a barrel. back to you. tracy: thank you, lauren. see you in 15 minutes. >> all right. >> a new report just out on political intelligence which can help investors anticipate government actions and of course make money off the news. it comes three days after startling jump in health care stocks thanks to a prediction by a washington-based intelligence firm. hmmm. peter barnes on this story today. interesting stuff, peter. >> that's right, ashley. this new gao report, says regulation of political intelligence is murky and complicated. as we saw on monday, when a report from the political intelligence firm here in washington, height securities sent health care stocks soaring about half an hour before the release of a important government medicare decision that this kind of information can move markets. congress has been looking into whether political intelligence requires more regulation and asked the gao to study the issue. the gao found quote, there are no laws or ethics rules that specifically govern the sale of information by a political intelligence firm. however, there are laws and -pethics rules that may govern the purchase and sale of material, nonpublic information. and ethics rules that govern nonpublic information. among other things, the gao also says, it is hard to quantify the prevalence of political intelligence and hard to categorize information as material and nonpublic sources. height securities told its clients that the obama administration would reverse occurs on proposed cuts to medicare advantage program. the company said it had been following the issue for some time and it did nothing wrong. ashley and tracy. ashley: always a blurry subject. the whispers in the hallways, who is breaking the rules. what is congress considering, peter? >> some members at a minimum want more disclosure of political tell ends did and firms and people who do this kind of work, specifically, people who would have to register themselves just as they would, you know, as a stockbroker would or an investment advisor would with the sec and have to disclose their activities. ashley: peter barnes in d.c., thank you so much. >> you bet. tracy: stocks gave back some of their morning gains although the markets are trying to climb back up. our next guest says a pullback is buying opportunity. the dow and s&p will hit substantially new highs this year, joining us milton ezrati lord abbett out in jersey city. sir, we've been hearing more and more about this. market dual for a pullback. we need a little bit, we're not talking full-blown correction here, right? five or six or 7%? >> you could see as much as 10%. you doubt it, but the market gets a little ahead of itself from time to time. it faces a few disappointsment. it pulls back. we're long-term investors. we look at fundamental value. we see more upside, we see any pullback, five, seven or more as a buying opportunity. tracy: do you think earnings season will be the catalyst that sets this thing off because expectations are pretty low, right? >> well the pricing suggests that the market is really anticipating something pretty ugly which is a great opportunity even if you expect mead owr news. that will be relief for what we believe will be priced into the market. from time to time, people get a little exuberant and they get news the economy is really is slow. so they give back the ground. but to us, that is just noise. the underlying theme is that this market is well-priced. tracy: do you worry about the noise outside of this country though? we worry about china. didn't come to fruition. we worry about japan and europe. my mother says i worry too much. is she right? >> well we all worry. the question is, what are the likelihoods? anything can happen. there is always risks. the european situation remains precarious. the market seems to be braced for the euro to disof as a common currency. countries are to be thrown out. you could still see a lot of trouble but say we're not going to see the worst of it and the market will be relieved ultimately and we'll be able to realize it is gooding and move up. tracy: get rid of it all already. tell us what you like during this buying opportunity. consumer discretionary is coming back, huh? >> we think anything cyclicly sensitive will come back. we like consumer discretionary, industrials, technology. we actually like financials too because if the european situation, even if it doesn't get good, if it just avoids some of the worst fears people have, that could help financials come back, and so we would be in the more aggressive names in this situation. they have the best pricing and they're the mess likely to benefit from the relief we expect the market will get. tracy: they do. i agree with you on that. they haven't been really performing right lately, right? almost like there is something weird going on in the background. is that europe? there seems some unease in the financial sector right now? >> well there's the european situation. people are worried about this. the japanese situation, whether the japanese can really get of the ground. i think we've gotten some disappointing economic news. tracy: yeah. >> people came into the year saying the economy is coming back. now we are getting news to say no, it is still as sluggish as it ever was. it is still growing and it is sluggish. there is downward adjustment to us when. we look at fundamental pricing. this is the opportunity to go in and go in on the more aggressive side. tracy: you like the industrials as well. are you playing the nat-gas industrial revolution? >> yes. there are great opportunities there. not in the commodity itself but in the drilling and transmission. tracy: sure are. i love that you said, nothing is particularly all that frightening. all is well with milton ezrati, thank you so much. calming our fears. ashley: just when things are so good you always want to worry just a little bit. tracy: that is why i worry. ashley: you're not the only one. >>> coming up faust book shares jumping on its new launch for android phones. shibani joshi has all of the details next. tracy: still ahead, former shell oil president john hofmeister says the government could help make energy prices a lot epcheaper. he will explain that coming up. as we head out to break the dow is up 30 points. $1.56. $92.88 a barrel. we'll be right back. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. did you know that if you wear a partial, you are almost twice as likely to lose the supporting teeth? even subtle movement of your partial can put stress on supporting teeth. this could lead to further tooth loss. try new poligrip® seal and protect denture adhesive. it stabilizes your partial to help reduce movement against gums and pporting teeth. care for your partial. help protect your natural teeth with new poligrip® for partials. also try polidt® clean and protect denture cleanser to kill 99.9% of odor causing bacteria. this has been medifacts for polygrip® for partials. ashley: facebook ceo mark zuckerberg introducing a facebook family of apps, not a phone or operating system. the company is calling it home. tech reporter shibani joshi now joins us with all these latest developments, shibani. >> hi, there, ashley. facebook investors are breathing a sigh of relief. we did not get much talked about, much criticized even before it didn't even materialize facebook phone. facebook shares are moving high every at the close of the company's announcement, starting at the basically the end of the 1:00 p.m. eastern time hour. now in the words of mark zuckerberg, the company did not build a phone, did not bring a built-in operating system but, built something deeper than an ordinary app. what he is trying to do, turn home screen of your phone into more personalized experience. so you don't have to unlock the phone and get to an app. you have facebook right on your home screen at any moment you want it. so it's called facebook home. what exactly it is, it a new app for lack of a better word or software program that gets status updates, messages and comments and likes directly to the home screen of an android phone. all without having to launch or access an app as i mentioned. taking finger steps out of the whole event, sequence of events. the event, mark zuckerberg unveiled at 1:00 p.m. eastern time. and also, unveiled a phone but it is not called the facebook phone. it is a phone released by htc called htc first. which is a first-hand set that will have the home software preloaded on it. all of this, whether you are an htc buyer or just an android phone holder, all of this will become available on april 12th. if you have another make and model of android phone you need a facebook earning messenger and app on your phone an download it on april 12th. no facebook phone but something mark zuckerberg is pretties jazzed about and so are investors today. ashley: shibani. thank you. interesting that stock is up on relief they're not coming out with a facebook phone. tracy: do what you do. do one thing. don't need to make shoes if you make ties. ashley: very good. very profound. yeah, that's good. tracy: got to go to charles payne before i dig a bigger hole with myself. going to add travel to your portfolio really? will it take me there too? >> it can take you there but you will have to pay. orbitz, do you use orbitz? ashley: it is such a crowded field. >> one of the stocks that got hammered and certainly lost market share. i like what they're doing. cut wages big time, contract labor. the money they invested in network communications was huge. they're trying to get with it. speaking of facebook, in january they had 475,000 fans. trying to get into this whole niche, ebookers. i think it is working out for them a little bit. air fares, is not working but hotels like everybody else, advertising, marketing all that stuff is really working. the stock is looking fantastic right now, on the cusp of a nice breakout. there is still a big short position. as it moves away from six i could see a short squeeze. looking for 6.90 short term, 7.60 longer term and $5 as a stop-loss. tracy: amazing the stocks done through the whole recession? nobody stopped traveling. they traveled cheaper. thank god for these sites. >> if you get a chance look at hertz and where the stocks were march of 2009. you say to yourself gollly, was hertz going out of business? i could have bought it for whatever pennies. absolutely amazing. ashley: i see a little bit of a backlash because i get the sense people are not always sure they're getting best deals. tracy: i agree with you. ashley: there are ways, even going straight to the provider to get a better deal i think that hurt as little bit. >> it does. overall it is the wave of the future. we'll see. this is stock that has come back a lot since nowhere near the all-time highs like 14.55. tracy: i think it is because we're old. we don't trust it. ashley: yes. tracy: the kiddies are using it and trusting and traveling it. we think we're getting a good deal but we want to check out a little more. >> we understand if you make neckties, don't make shoes. we understand that. tracy: you will use that line forever, i know it. ashley: what if i make belts? thank you, charles. >> see you later. tracy: what about mash potatoes. ashley: quarter past. mash potatoes. i'm starving. time to check the markets with lauren simonetti on new york stock exchange. wondering if we ever go to her. >> i'm making you more starving. we're talking food stocks. goldmans. all of them like mcdonald's and panera bread and surging and hitting highest levels in history. yum! brands, for instance, the price target there, increased to $69. buffalo wild wings, getting $91 price target, darden owns red lobster. getting a 52 price target. goldman positive on all these names. back to you. >> i am hungry. thank you very much. appreciate it. tracy: on deck, oil prices sliding nearly $5 the past few days. former shell president john hofmeister weighs in on oil's next move. ashley: first let's look how the dollar is moving right now. it is central bank thursday. the euro dropped initially against the dollar. it has strengthed a little bit at 1.2936. pound is up a little bit today. bank of japan, launched an attack on inflation. it brought the yen down as well we'll have all of that and more of a the break. >>nnouncer: you never know when, but thieves can steal your identity and turn your life upside down. >> hi. >> hi. you know, i can save you 15% today if you ope

goldman sachs is likely to have a strong year. why are they doing so well? they're doing so well because every major central bank in the world, as you're well aware, is increasing money supply pretty dramatically. goldman sachs is in the money business. all that money gets converted into some type of financial instruments and they get traded. >> right. >> converting them is underwriting. it is tkraoeufgt earnings of goldmanpress release that's getting a lot of attention. he said the potential for macro economic in stability was felt in the quarter and con trained overall corporate and investors activity. your expectations for the next couple of quarters, same issue? >> yeah. i think you want me to cry again. >> i'm not trying to make you cry. i'm just raising the issue. >> if you want to look at the basic core factors if it grows this rapidly it has to go somewhere. it goes to final instruments. and they get traded. if money is around in huge amounts and the cost of that money is extraordinarily low, then ultimately it's going -- and the stock market is rising, then ultimately you're going to see a significant increase in merger acquisition activity. so the net effect is all of the core drivers that you would look at to try and see where goldman sachs, jpmorgan, citigroup's earnings are going are all very positive. so the net effect is you should see pretty good earnings. >> that's the real economy. let'

goldman sachs that led him to accumulate an unauthorized $8 billion position. he tried to cover it up but was later found out. in a statement that was released after mr. taylor entered his guilty plea, goldman sachs said they were very disappointed in the unauthorized. he cost goldman $118 million. >> now to a big pay cut for jc penney's embattled ron johnson. the man at the top is paying for it. this is quite a slash in pay. >> this is the way that a lot of people think that it should work. directly tied to the company's success as the market defines it, the ceo should prosper or flounder right along with the shareholders. 2012 was a rough year for jcp. he received no stock awards like he did in 2011. 2011 compensation totalled 53.3 million. done partially to compensate him for the $50 million of apple stock that he would have vested. >> very interesting. going get $52 million in stock from jcp. restricted shares. i wonder if that stock is worth anywhere near 52 million? >> almost nothing near. he can't exercise at a strike price of 30 for like 14 and change. that's pretty much worth nothing now, too. >> sue? >> we're going to talk carnival. the shares are not sinking. this comes after the engine room fire. and it's only been a little over a year since the ship ca

goldman sachs to jcpenney. gerri willis joins us now. gerri: we have been talking about jcpenney four weeks. losing $400 million. goldman sachs giving them a loan. wall street changing its mind about this retailer. the power of the brand is something that i cannot state here. hey, maybe i should have a little confidence in this company. you know, we will have to wait and see. people were very suspect of the company after they went from everyday low pricing back to sales and switched their mind several times. ashley: you set the brand is really strong, but it struggled. gerri: once your name is that well-known with customers, it takes a lot to blow it forever. tracy: i think, i am curious to know what goldmanle was. what do they know about the retail world that we do not? gerri: and what does george soros no that what we do not? tracy: i do not know if i could sell this to my kids. gerri: well, it is an open question, i said. you are probably aware of the consumer financial safety board. they will be grilled in front of congress tomorrow. ahead of that, we will examine an issue that kind of blew my socks off. a congressman said that consumer financial safety board is telling lenders, making auto loans, that if you do this, they will not know your race or sex when you apply for that loan. now, they are saying you have to guess at it. they want to see if they are making traction against some of the requirements for lending. the same outfit, which was supposedly watching out for us, they are gathering the biggest database for american consumers on the planet. there is something going on over there. tracy: it is so weird. ashley: gerri, thank you very much. do not miss "the willis report" toni

goldman sachs has upgraded its outlook for stocks, citing a much more appealing valuation on equities versus bonds. but why, you ask. >> let's get to the bottom of this with goldman sachs's cohen, who joins us right now. abby, wonderful to have you back. welcome back. >> thanks so much. >> so why get more bullish on equities now? give us the 411 on this new call? >> it has nothing to do with technical analysis, obviously. it's all about the fundamentals and the valuation. look, we see that there are various weaknesses in the global economy right now, just like everybody else. but it's a question of what's priced in. and our feeling is that another major recession is unlikely in this investment horizon, and given that assumption and given some conservative profit estimates that we're making, we think that equities, in many different markets around the world, offer good possible outcomes, and at the same time, we are concerned that interest rates, again, in many countries, are near their lows for the cycle. so when you put those two things together, we see potential risk, not right away, but over the next period of time, in fixed income, much less risk in equities, and a h

selling gold, reporting from goldman sach saying gold could hit 1270 next year, and i want people to know that. the large part of the business -- stuart: 1200; right? from goldman sachsut nevertheless, the copper side of the business, i think, turned last quarter. the average price went up dramatically, demand from china and auto and housing picking up. i love the company and they were 1100% mining this year, and this year, 74% mining, and 26% oil and gas getting into the shale business. that would be the difference maker. stuart: we should listen to you. we should. >> this is one of those to be honest with you. stuart: all right. >> look at the cuff links and the watches. stuart: i got to report that cliff natural resources, you picked it, and, yesterday, it went straight up,. >> a huge session yesterday and will move. stuart: proud of yourself? >> yeah, yeah, i've. doing this -- i spent so much time and effort -- stuart: did it as a kid? >> when i was 14 # years old. yesterday, solar, i had people on first solar 26, and yesterday up to 28. i can't tell you how good it feels. thankstuart: we should promote . >> thank you, appreciate it. stuart: we have an ipo for yo

goldman sachs closing its or position on gold. sandra: taking a look at gold prices. not giving a boost to gold prices right now. here is what goldman sachs is saying. they came out with a bit calling they believe gold prices will fall even further. now, they are saying we aren't out of the trade. however, they are laying in the very near term am a gold prices could fall further. they are doing around and they are bullish now. they are saying gold has the potential to gain another 10% from these prices. they are caught however, bearish near-term on the rest of the commodities complex. they are bearish on oil prices. they are bearish and the soft commodity complex like coffee. most of these calls are based on weak demand for these products from china. rather, we have the week numbers out of the chinese economy early last week. they are pretty much bearish on all of the commodities. they are saying that gold may turn around. connell: thank you, sandra. let's turn to brian jacobson a busy day in the markets overall. it is always good to have you on, brian. let me start with what sandra identified. the goldmanachs turn on gold. maybe we see the bottom. are they right about this? >> well, i do not think they are right about it. i do not view it as an investment. i view it as a spallation. i think a longer-term trend is for gold to be on the duke line. there are people calling for gold to go higher. short term, we could maybe see the european central bank ease a little bit more. eventually, that will come to an end. i do not think it is a trained eye would want to get on right now. connell: it could have some implications four other markets. for example, i have seen you writing about the fact we are riding a bull market for the u.s. dollar. >> exactly. i would expect if the dollar will strengthen over the longer-term, gold should week. the federal reserve, despite the monetary easing, they were very close to and monetary easing. i think that from their perspective, the dollar could be on a very long-term uptrend now. connell: let's talk about what all of that means stocks. we are up 138-point