the deal space, but the reality is people who use groupon still use groupon, and we think that that'sbe positive for the stock. >> good retention rate. gene, stay with us. we'll move on to the tech talker of the day. check out this new video of google glass, basically a pair of glassesing right, with a very small screen that sits just above your eye. and when you say okay, glass, the glasses take voice command for things like taking photos and video. it can also search key words and send text messages. it can translate stuff. sounds pretty cool. let's bring in jonathan geller from bgr.com. great to have you on the show today, jonathan. sounds cool. is it going to be a game-changer for google? >> look, this is something we won't really really see for the next two to three careers. it's a great concept. google is great about getting their concepts out there, and then they refine them and make them into products some of the time. some of the times they go nowhere. this is out of the google labs where they are coming up with the self-driving cars and the wearable computing devices. it's i

those are not the signs of customers loving groupon. >> is groupon going to zero, rocky?h. in the text couple years. if they don't do something else, i fully expect that. >> rocky, let's get what is happening with linkedin. rick, linkedin has been a heck of an invest many but when there is a price earnings of more than 100, should we bewarery? >> absolutely. i think one of the big questions with linkedin, it is one of our favorite companies, in terms of strategy and execution. there in lies the problem, the price just keeps getting bid up. >> what is linkedin? i mean that sincerely. is it social media? a sales company? it is really a head-hunting firm in many ways, is it not? >> that's a great point. what they have done today is remarkable. they captured revenues in terms of low-hanging fruit. we have three businesses. hiring solutions or recruiting, which we think will evolve. as we look at their ad platform and ad business, i think one thing we have to realize is linkedin is not facebook. from an advertising perspective, is t is not a platform. we talked about facebook

now, groupon has not yet announced a replacement.he executive chairman and vice chairman will serve as co-ceos until a replacement is found. but melissa, one of the funniest farewell letters a ceo has ever written, i think. >> he has a sense of humor, at least. julia, thank you for that. dr. j, the jach hours market action in groupon says it all. the stock is up 4% on the news that mason is out. >> yeah. and i don't think it gets back above 5 in a big hurry. i think there are sings they've turned around at the company as far as being able to search for deems instead of them just popping up and infull traiting your e-mail and basically ticking you off, if you weren't particularly looking for that spa treatment. but i think the real issue that he was fired, julia nailed it, is that, and he did in his own letter, he missed estimates. and he must have told the board, look, i garn tee you we're going to come in with this and that was the last straw. when they missed this one more time, that was the last chance he had. >> yeah, it's not ju

to be fair, i have a short position in groupon to buy options. david: full disclosure from mark. >> i don't see any good reason why you would want to be running the stock up in earnings. this is maybe the most least surprising result in the history of company announcements. this is not a company on good footing with good management. everything about the company stinks. david: other than that, you love it. >> just want to be super clear. liz: let's bring in the market panel. let's move from a single stock story to the broader picture, a very strong one. one bad headline a couple of days ago out of italy, we saw the market going south. what do we look for as investors, what should we be investing toward? david. >> you have to focus on good old-fashioned stockpicking. the days of looking at the macro environment to catch a big write up for a big fall down, those have been exhausted, the strategy sstrategies so many had upon because that is what it gives them are exhausted. it'll be going back to good old-fashioned homework. i like to talk about it w

>> manny/pedi groupon.upon. >> best buy shares, the company will report earnings tomorrow, up another 1%. today is the deadline for richard schulze to make his -- or do something if, in fact, he chooses to do something. >> what do you do? >> ridge yo, schulze. >> do they refuse to face facts or not recognize value we can't see because they are vision stealers in. >> reports of him trying to make a larger minority investment, seems very odd to me. >> who? >> schulze. why would you do that? make the bid, try buy the company. the move up in the best buy from the 12 range to the 16, 17 range, as difficult as it was to imagine he would have been able to pull it off even at 12, much more so here. to imagine that there is a way to raise the necessary financing for a leverage buyout of this company, even with him rolling in all his equity. why you go down a minority investment road is not completely clear to me. i think for his, he gets two board seats, takes them, figure out a way to exercise a little bit more con

as we were saying groupon is a big loser.ng here and saying oh, yeah, great, what's with that? charles: it is devastating when a stock s down that much. a major firm just upgraded it recently. that's a tough one. stuart: you did not recommend it as one of your money making deals? charles: absolutely not. stuart: jc penney, that's a serious loser there. nicole, do you want to explain this one to us? nicole: jc penney, they did a lot of mark downs. of course you know they have had a whole issue about how they are running this company, whether they are going to do promotions, not do promotions, change in management. these two stocks alone are horrendous. if you are a shareholder today, i mean, you are very upset with this kind of move, not bringing in the numbers. stuart: all right. ladies and gentlemen, i want to put nicole full screen, hold that shot, please. because nicole petallides has just been named greek american woman of the year. congratulations. [clapping] nicole: thank you. i'm not sure i deserve it, but it will be a

and groupon fell 29% in heavy trading because of poor earnings. and the senate voted to confirm jack lew as the new treasury secretary. the final vote was 71-26. we are ready for liftoff on this thursday with mark sebastian to take a look at trading. he is with option pit mentoring. good morning to you. should investors worry today about the sequester? > > i don't think so. i really don't think so. if you watch the political channels, they are talking about it. if you walk around the floor, nobody is really talking about it in terms of financial markets. and nobody seems to really care. and if the financial markets were really worried about this thing, we would have seen them selling off, as opposed to yesterday, where we had this massive rally. > but there is big news for the financial markets to follow, and that is cap spending. businesses are spending again in a big way. what does that mean to you? > > i think that is really huge. that could really lead to the next boom. two numbers i am going to be really watching for the rest of the week, chi

. >> apple coe addresses investors among slumping stock prices and another tough quarter for groupon., emily. >> good afternoon, larry, carrow lib. tim cook isn't just an active talks about what to do with the company's cash pile. he said he's in quote, very, very active talks to do something today at the share holder meet fwhaug didn't seem to satisfy investors. shares ended the day down about 1%. cook is under pressure to return some to shareholders when asking about rising competition cook said apple is focused on the long term, new product areas but gave no additional details. >> groupon loses a quarter of the value after disappointing earnings for the daily deals site. shares trading down 25% after groupon reported revenues dropping 30% with it's loss widening to more than $81 million. stocks surging today on better than expected housing data. your bloomberg silicon valley index higher as well. google and intel leading those gains. the first intagram pictures emerging from north korea. the country just started to give foreigners 3 g internet access. previously mobile phones were

groupon is amazing.o sense at all on that call that things are slowing and international is real achilles heel. your credibility is shot the moment you don't bring up the mistakes and problems and say how you will address them at the top, you are just off the rails when you say a terrible quarter is a great one and a hideous outlook bodes well for the future. it was a head-scratcher. it was so bad, i wasn't surprised not one bit surprised when groupon out and fired andrew mason after the close today. talk about a "closing bell." sure enough the stock popped off the bell because that's what happens when you get rid of a delusional chief executive. instead of explaining how it can survive with down 30% same-store sales. as michael epstein said, this was a beyond worst-case scenario quarterly result. i think that the issue is not whether the turn is working but how it can still work and why it's not having an impact on the comp store numbers at all. i tire of hearing how this product line or that product li

am i right, groupon people moving out of the facebook and on to groupon. >> seems that way, a nice move of confidence today with that call, that analyst call so a plus here for groupon. stuart: thanks, nicole. let's get back to the state of the union address and bring in the rnc chairman. welcome back, i've got to talk to you about mr. rubio, senator rubio, gave the republican response last night i'm sure you liked it. is senator rubio now your guy? >> well, you know, he's my former law school classmate so i'm a big fan of marco and you know, listen, i've got to have plenty of gals and guys on my list and i do. and i think that we're a young party, i think that we're a diverse party and sometimes we do a lousy job bragging about it, but if you look at our bench, i think you see the future of america behind the republican party, but we just have to do a better job talking about it and we have to be a big, broad coast to coast party and that's what we have to do. stuart: i put it to you that last night. >> yeah. stuart: president obama won politically. what he was saying is politically at

speaking of that, that's groupon.- would you think this company is doing incredibly. we have two never -- two peter pan situations here. everybody at these companies seems like -- ron johnson, jc penney, the turn is here. groupon, mason, this was a fabulous quarter. how stupid do they think we really are? pretty stupid, i guess. >> jc penny, i have to say, jim, i thought two quarters ago, they couldn't keep up if they didn't get the comps improved, particularly when working off a lower base to begin with, couldn't improve your comps after that i thought it was game over. what changes? >> game over, man. i have never seen a company in this kind of tailspin pull out of it. i have to tell you i don't think jc penny will be in it. >> yep. >> what else do you have coming up this morning? >> look, i think that we have to talk about the fact that the market doesn't seem to want to quit, that it doesn't seem to care about what's happening in washington, that it's really focused on earnings, profitability, retail sales strong,

. >> pop and groupon 5% slim shady. >> groupon brought their price target up to $9. this is a continuation of the beta trade, a stock that was up at 20, down at 2 so it's rallying in the 5.50 range but the setup looks like the next area of resistance comes 6.50 so groupon could have more upside. >> pop of 3% in netflix. joe terranova? >> you know what a sold out bull is? >> sold out bull? >> the most bearish person alive is the bull who just sold everything. >> that's what i have been have netflix over the last couple of weeks. thought it was going higher, and wait a second it went way too high. this is a stock looks positioned to go above 200 and i can't bring myself to get back in. >> okay. pop for poland springs today. there was nothing watered down about the gop response to president obama's state of the union address except for republican senator marco rubio, already being called water bottle gate, a parched senator rubio can be seen reaching way off camera to grab what bryan williams dubbed an impassioned drink of water. tiny sip from an equally tiny bottle of

groupon with disappointing earnings, taking a letter cuts on deals and issued a dim outlook.ings the deal a day business down more than 75% since november 2011 ipo. now the very other end of the social spectrum linkedin recently has been benefitting from positive analyst notes as well as survey finding it is the very top tool for private companies. linkedin has been consistently growing all three business lines, quite a sharp contrast to groupon. sue? >> i will pick it up. macy's not here today, julia. let's see where we are on the markets. new a session high. and we are inching closer to the 14,164 all-time high on the d n rick santelli is live from the cme. hi, we always seem to link up, we meaning the fixed markets, to the dow. it doesn't matter. if you're a day trader, all that matters is you look at the chart of tens or two day chart of tens, unchanged on the day at 190. were lower, coming up and the reason we're coming up is, as simon pointed out, oi tn the hi of the equity session. look at euro versus the dollar. this is fascinating. it is about ready to test some of t

well, shares of groupon sinking tailed.'s head back to nicole on the floor of the new york stock exchange, nicole? >> interestingly enough, groupon, daily deals, company number of one, and living social, the second largest internet daily deals company. in a memo, the living social folks ceo noted to employees they are back on the fundraising there raising $110 million in new funding and in new round of funding. obviously, that guarantees living social's near term survival, and when the competitor raases money, that doesn't bode well for groupon which is down 5.6% at the close. a stellar run over six months, over 75%. david: thanks, nicole. liz: cheesecake factory has numbers out. >> a slight miss on the top and bottom lines. earnings per share at 51 cents, a penny shy of the 52 cent analyst's estimate. revenues at 264.7 million for the quarter, and amists looked for more at 468.5 million. also, i want to point out that comparable restaurant sales at cheesecake and grand lux chains up nine tenths of 1%. a small increase comp

meanwhile, over at the nasdaq, groupon is crumping. in the middle, launching that stock in the fall of 2011. at the time it was the biggest tech ipo since google. now we kind of doubt mason will last as ceo after last night's financial report sent the stock into another tailspin, falling by 25% in after-hours trading. now, mason, honestly, is a really nice guy. but he's never quite gotten the hang of this. and groupon has been just one of the biggest disasters that we have seen. mason is very, terry, is very sanguine, but he understands that he's going to be out fairly soon. and we think it may be a matter of days. >> that cannot be a good feeling. >> no. >> yeah, he's come to grips with it. you have to. >> he's zen about it. he said he kind of knows about it. >> there will be another gig. thank you, scott. >>> christina loren looking at that forecast. what can we expect today? 70s? >> it's going to be really nice. sometimes you have to fall so you can get back up and rise a little higher. and today our temperatures are rising to near

groupon, a bigger miss, down 24% and monster disappointing, the stock is down 3%. much more details on these stories coming up when "fast money" returns. >>> welcome back to "fast money." want to give you an update on jcpenney. look at the shares moving afterhours, sharply to the downside. this is why. jcpenney putting a loss of $1.95 a share. wall street was expecting 18 cents. those key same-store sales for the fourth quarter, down nearly 32%. wall street thought it would be bad but thought it wouldn't be as bad as that. they estimated down 27%. gross margin took a big hit at 23.8%. it does look like there's $930 million left in cash on the balance sheet. something else that we're watching closely, the conference call going on right now. so far, ceo ron johnson is just talking about the year's accomplishments, but did admit big mistakes were made last year, collarly in pricing and he does take the responsibility. we'll bring you more as we have it. melissa? >> all right, courteney, thank you. and karen, this goes way beyond just missing the metrics here. >> the n

groupon announcing that ceo andrew mason is out. that's right.er several years at company, it has struggled dramatically since its i'm poe. the stock is down over 75% since its ipo in the fall of 2011. this, i would say, is not a big surprise. yesterday afternoon the company reported kiss appointed earnings and gave a grim outlook for the first quarter, and the stock has plummeted dramatically just today, and it continues to fall on this news, maria, but i do not think it is a big surprise. wall street was not confident that mason had what it takes to turn this company around. it has struggled with declining margins and also just trying to figure out the future of its business. does not earn the same margins overseas as it does in the united states, and there's a lot of frustration with the the merchants and also with customers. andrew mason, ceo and founder of groupon is out from the ceo role. back over to you. >> all right, julia. thank you so much. >>> despite today's down day for the markets, you can see this stock market continue to flirt wi

also head to some of the website like groupon, living social or yip it and find last minute restaurant deals in your neighborhood. 50% off entrÉes, colleague -- including the drinks. >> no joke, living social, yip it and groupon are worth checking out. what if you want to do something unique? you don't want to do the normal valentine's day gift. you want to sparkle with something, maybe jewelry. where do you go? >> you want to head to website that offer discount gift cards. you can get a gift card to tiffany's for 10% off. williams sonoma has a 10% off card on card pool.com or cheesecake factory. the cards will be discounted so you can get them electronically and use them within 24 hours. >> you have one tip about protecting your computer. what do we need to know? >> sometimes when you're shopping on line, you want to make sure you prep your web browser. a app called price blink, it will let you know if there's a coupon or cheaper website to head to for the best deal. >> we're going to have you back so we can help people save money. thank you. >> thanks, jamie. >> as you know, every we

with this groupon with pay $35 for 45 minutes tension tamer massage at bella salon in fairfax. you are actually saving 54%. >>> you want a set of bluetooth headphones on sale? you have got them. right now pay $49.99 for the headphones from me electronics. that saves you 45% off with best buy.com. >>> and here's free turkish coffee this week at 90,817th street northwest tomorrow between 11:00 a.m. and 3:00 p.m. turkish airlines is handing out free turkish cough of fee. it is also -- coffee. it is also handing out free promotional fares this month, prices start at 500 bucks a person. i'm about thing more online. if you have an offer you have seen or are a local merchant with a deal for our viewers, i would love to hear from you on facebook. i'm jessica doyle, wusa9. >>> we are linking up with masn to bring you 20 washington nationals games right here on wusa9. that's righting you can watch the nationals games right here starting with the washington nationals opening day, april 1, against the miami marlins. of course w usa 9's president and general manager mark bur debt is beside

for the anatomy of ipos to fit that pattern, look at linkedin and groupon.hey grove 29% and 31% respectively on the first day of trading. there is no doubt that the issue was the artificial way they were priced. putting out very little stock, knowing that it would cause a big pop, because it was just a sliver of the whole -- of all the company, the float was small. creating a bubble all by itself, the broker knew stocks would be hot, in part because of valuation for the social media cohort and the hype among retail investors and if they offered a limit number of shares, and put it below the pricing evaluations, demand would be huge. the brokers tightly controlled supply and plus went into accounts that they believed would not flip the stock, doing this. buy, buy, buy, sell, sell, sell and gave enough to the large mutual funds that they would start and not finish the positions, but the mutual funds were coming to the secondary market the regular stock market and bid linkedin up to get the rest of the positions in. that's what happened. the trick to a successf

. >> later on, groupon gets its own daily deal. believe it or not, an analyst that upgraded stock.the name. we will give you his reasons, coming up. ♪ [ engine turns over ] [ male announcer ] we created the luxury crossover and kept turning the page, writing the next chapter for the rx and lexus. this is the pursuit of perfection. writing the next chapter for the rx and lexus. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >>> it is street talk time. first up, we have cliff's natural, which is maybe a contender. >> yes it is. many charges, revenue down. iron ore prices are weak. here is the problem also. the company will sell mor

i think groupon will report a better quarter than people are expecting. thursday's best buy. suddenly people warming up to best buy. betting things have gotten so good it could potentially be the target of a potential leveraged buyout by its founder. i think the company's viable instead of being what some call an amazon showroom. either way we want to know about the consumer's discretionary spending post-higher gas prices as well as the end of the payroll tax holiday and since everything at best buy's discretionary i think they're going to give us a good read. we have to listen to kohl's, which you know is where i get my socks. even if they don't have the best stock. they do have the best socks. now, we know that like best buy there are rumors of a leveraged buyout coming here too. frankly i don't care, i don't believe it and i don't want to get sucked in by it. however, i want the read on the consumer for certain. finally we get the most controversial retail name of all. deckers. ugg. i've been saying the worst might be over for uggs. or that vf corp. should buy deckers to r

president and ceo of groupon automotive. great to have you with us.rd that dealers are so short of used car inventory, they have to resort to things like looking on craigslist. going to sporting events parkinging lots, supermarket parking lots to find used cars to sell. is this your experience as well? >> well, it's true, though we haven't had to do that. we have been short on cars for 12 to 24 months. it is hard it find great cars. we continue to be aggressive in looking for them. but it is great a great thing for the auto industry. it is good for value in trade-ins. makes them for eager to flip them for new product, maybe better fuel economy or later technology. it has been overall good for the industry but it is a fact. used cars have been holding their price very well for the best part of two years. >> if i was a customer and i'm thinking, used car prices are high right now, on the other hand, maybe just for a little bit more, i could get a new car. what is the demand for used cars like? >> well, the demand is still great because several years ago

meanwhile, groupon plunged 26% due in part to weak progress overseas. and internet radio sensation pandora is hoping to turn heavy users into paying customers. >>> and the top complaint among air travelers is not crying babies but uncomfortable seats and no leg room. still many are not willing to pay more money for more space. >>> the justice department has won a billion-dollar tax victory over dow chemical after rejecting two tax shelter transactions intended to create $1 billion in, quote, phony tax deductions. >>> and speaking of taxes, according to the irs oversight annual board of survey, 87% of americans don't think it's okay to cheat on taxes, but again, who is going to actually tell the arrest they do think it's okay? >>> well, police are offering a reward to catch a hit-and-run driver in colorado. that disturbing video is next. >>> plus, it's a real-life treasure hunt complete with gold and jewels right here in the u.s. details when "early today" returns after these messages. >>> welcome back. now to some other stories that caught our eye this

you look fantastic but if you want to try botox, here's a groupon for you. up to 62% off of beauty injections at trinity medspa in vienna. packages start at $139. finally, how about some new glasses. pay $35 and you'll get $225 to spend on a pair of prescription glasses at my eye doctor. this is 84% off and one of the most popular deals right now on living social. if you have an offer you've seen or you're a local merchant with a deal for our viewers, i would love to hear from you on facebook. i'm jessica doyle, wusa9. >>> there are a few fund- raisers that are near and dear to my heart. i want to tell but one coming up on saturday, march 23. it's for the children's inn at national institutes of health. and it is so important because it really helps children and families stay together. and i have the co-chairman here with me, diane pierson. it raises lots of money and the money is needed because the organization is so important. and you help families from all over the world, not just in the washington area. tell me about what you do. >> that's absolutely tru

this groupon saves you 55% off. and on valentine's day, denny's wants you to fall in love with brand new coffee. they're handing out free cups of joe. the giveaway runs from 6:00 a.m. to 2:00 p.m. if you have an offer you've seen or you're a local merchant with a deal for our viewers, i would love to hear from ow facebook. -- from you on facebook. i'm jessica doyle, wusa9. >>> beware of the red light traffic cameras, especially if you're traveling through rockville because the city installed new state of the article as last year, and -- of the art cameras last year and they've seen an increase in violations. aaa says over 17,000 drivers were ticketed in the city last year. some drivers received tickets even though they were completely stopped but they crossed just beyond the solid white line. now some are saying that's not right. >> if they had gotten through on yellow or if the light had turned red while they were in the intersection, they would not have gotten a ticket. but they did the honest thing, they stopped

a huge after-hour move from groupon. let's get to julia boorstin who has the story. julia. >> reporter: that's right, maria. groupon just reported its earnings that revenues came right in line with expectations but its earnings missed coming in worst than expected and the outlook for the first quarter, the quarter right now, was also much lighter than expectexpecte. the stock is very volatile but the cfo pointed out that in the first quarter they will see a decline in the goods business which is one area they actually benefited from in q4 and they do expect to see growth again in the deal a day business, but this stock is suffering, maria. back over to you. >> thank you, julia. the stock really taking a hit there. take a look in the extended hours. that's the story. despite rising gas prices, a sluggish economy, a staredown between president obama and congress on spending cuts the market continues to climb that wall of worry reaching an all-time high. more now on this week and what this week could tell us about that historic number. good to so you guys. fir, let me a

other customers include disney, sony music and groupon. back to you. >> could have stolen my pinterest chicken pot pie recipe. who knows. >> we need to logon and check it out. friday keeps getting better and better. feel-good friday at 4:46. christina loren here to talk about chicken pot pies and nice weather. >> who are we kidding? we're not about to get in there. >> i'll make it for you. >> i like that. i like that. that's a great opportunity for us. if you want to get cooking this morning, it's going to be a good day for the chowder. cool enough for that. or you could make that's outdoor lunch plans. a beautiful winter day shaping up across the bay area. similar to yesterday. yesterday we got spoiled. today will be even warmer. starting out mild in places like san francisco. 42 degrees there. 41 for oakland. you are cold in places like gilroy and outlying valleys are getting cold. getting close to frosty point. as we head throughout the next couple hours, we expect to drop off with patchy frost in the north bay but not expecting much th

groupon the daily deal website, surprisingly groupon is up over 7% right now.s limited brands. you think of limited you think of victoria secret. right now it is up 2.25. over the last three months limited is actually trailing. it is down 11%. these three names over the next couple hours, a little less than couple hours before the closing bell are ones to watch as highly anticipated earnings are due. back to you. ashley: nicole, thank you very much. we'll be back in 15 minutes. don't forget stay tuned to fox business for complete coverage of today's earnings on "after the bell" at 4:00 p.m. eastern. tracy: federal reserve chairman ben bernanke facing some really tough questions on day two of his grilling by congress. many of them multiples of the same questions. peter barnes joins us from washington with the latest. peter, i think they all kind of asked the same question in their own little way. >> yeah, that's right, tracy but you know, guess what the big topic was at the hearing on the house side today? he was over at the senate yesterday. over at the house s

groupon is good name to watch.about groupon and a buy rating and new price target of nine bucks. certainly upside potential. they like the mobile. they like the expansion abroad. so this is something that they continue to watch and that's why they're hot on the stock. back to you. tracy: thank you, nicole. get free massage off groupon. ashley: always a good thing. treasury secretary nominee jack lew, he will need a massage, making his case on capitol hill. asking tough questions from his time at citigroup to the country's current budget problems. rich edson is there with the very latest. rich. >> some of the most significant challenges you saw from republicans had to do with really the campaign president obama waged against governor mitt romney during the campaign last year with private equity, the money romney had made and some offshore invests and accounts that mitt romney has. one of the issues that came up an investment jack lew had a few years ago. it was a venture capital fund. it was based in the cayman isla

earnings are out from retailers, home depot, best buy, macy's and daily deal site groupon.re out. as will the new homes sold in january. ben bernanke will begin two days of testimony before the senate banking committee. on thursday, the second

you see groupon lower. you see all these social media stocks except linkedin from the bottom left to the top right. means that people are always jumping to get long in this on a pullback. it seems like they're also taking people away from twitter. they are taking users from twitter. the linkedin platform in the mobile technology is really working well. year-over-year they doubled the amount of people that are going to be mobile space. > thank you andrew. > > thank you. that's it for now. coming up tomorrow, a fascinating glimpse into the first start-ups in silcon valley, and the surpsing ways the area as not changed since the '50s. from all of us at first business, have a good monday!

. >>> turning to stocks, the wheels have come off groupon. the launch was back in 2011. at the time, the biggest tech ipo since google. now it's not clear if mason will continue as ceo after last night's financial report sent the stock into another tailspin. >>> shares in jcpenney are way down after the company reported another quarter of losses. jcpenney is an odd story. its ceo, ron johnson, invented apple stores. he came to jcpenney to revolutionize retail but his ideas have been snubbed by shoppers. johnson's first move was to say, no more sales, we'll just have the lowest price possible. he figured why have high prices that you turn into sales? how can a jewelry store take 50% off a diamond? well, it turns out jcpenney shoppers like sales. the department store just announced it's going to have a sale every week, presumably from slightly higher prices. >> the psychology of the shopper. shop and i'm there. thank you so much, scott. >>> meteorologist christina loren, time for you to talk about how wonderful our bay area weather is. >> marla, i can tell you right now, i

shares of groupon rose more than 5%, after a sterne agee analyst raised his rating to a "buy" from neutral. he set a $9 price target for the much bruised stock, citing conviction the company can evolve its current business. we saw a chilling drop in cliffs natural resources. shares tumbled 20% after the company posted a loss, and stunned investors by slashing its dividend. the miner is grappling with lower iron ore prices and rising costs. today's drop drove the stock down to a two-month low. then after the bell, we also got earnings news from zillow. the real estate website posted a 73% jump in quarterly revenue as it added more subscribers. the shares gained 8% in the regular session, and tacked on another 10% after-hours. this follows strong fourth quarter results yesterday from rival trulia. today, its stock jumped more than 20%. and finally, four of the five most active exchange traded products rose in today's trading. and that's tonight's "market focus." >> susie: gold ended today's >> susie: gold ended today's session at $1,640 an ounce, it hasn't been that low since august. the mov

we will start off with groupon. groupon looking stellar this morning.he analysts are jumping on board. they are of pain from buys to neutrals. at 5.60, they think they have some upside potential. i want to take a look at buffalo wild wings. another name on the move. chicken wing prices, which we have reported before, have been very high. barclays have a price target of $89. the company themselves say they are energized. the analyst seem to be mixed on buffalo wild wings. some are conservative and some, you know, are worried. back to you. dagen: thank you. connell: not a fan of apple. we spoke about that earlier. he will have a chance to explain that next. dagen: the nomination of jack lew to be the next treasury secretary. not everyone is convinced he is the right pick. take a look at, you know, he will be responsible for keeping the dollar strong. it has not been. how strong is it today against the euro? ♪ to grow, we have to boost our social media visibility. more "likes." more tweets. so, beginning today, my son brock and his whole team will be our n

o., or, could buy facebook, groupon, yelp, skillo and zynga and still have $2 billion leftover, of course just thoughts.mg$m >> or none of the above. >> coming up next a chapter >> coming up next a chapter out of the rich rock and Ñes0ú a have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> it's said to be the world's longest running rock band competition. >> fun. tomorrow night, young musicians will gather in front of 1500 screaming fans for the 50th battle of the bands in hayward. >> 12 minutes is all you get to impress the crowd and win. hats and... >> they are competing in the tribute band of fleetwood m >> you get graded on costumes? >> yes. they're very particular. the pendant is a dupe ply kit of what

groupon is feeling the heat as well, it's stock lost more than two thirds of the value since going publich korea going to start allowing mobile internet access. it comes after a month after eric submit urged the company to loosen restrictions. the legal war between fox broadcasting is heating up. fox is asking for orders to block the new features of the hopper boxes. fox writes paying dish for a subdescription does not buy anyone right to buy live broadcasting over the internet or make copy of programs on the go. fox is appealing a earlier decision not to block auto use features. and to check on trading positive earnings reports pushing stocks higher today, your bloomberg silicon valley gaining on shares of hewlett-packard and apple. the governor signed a bill into law after being fast tracked. nevada officials wanted to beat out new jersey which may legalize online gambling next week. regulators will have to draw up rules before it can start. back to you vrx a wonderful weekend. >> you, too. >> a major milestone has been reached in restoration of lake merit. a section of the lake channel

charles: couple weeks ago you said you like groupon.atulations. made a huge move. stuart: isn't that nice? >> a warm hug from here. stuart: thank you very much. 33 years ago today the united states celebrated what has become known as the miracle on ice. 1980 winter olympics lake placid, n.y. the u.s. ice hockey team beat the soviet union and went on to defeat finland for the gold medal. the team captain's gear is being auctioned this weekend in new york. chris ivy which heritage auctions joins us now. welcome. let's put it on the camera. this is the jersey that he wore when he scored the winning goal against the soviets. is that correct? >> he was the team captain and scored the winning goal. stuart: this is unique? [talking over each other] >> for the olympics, a blue one and a white one. stuart: you are telling me that you think this jersey is going to go for $1 million? >> $1 million plus. we have seen comparables. the canadian version they beat the soviet team in 1972 in what is known as the summit series. paul henderson scored the

it also told off it's holdings of zynga and groupon w the proceeds they are planning to pay a special dividend of $900 million to investors. >> new jersey has become the second state to legalize online gambling. governor chris christie signed a bill into law this afternoon saying it may boost atlantic city's struggling casino industry. it comes just days after nevada became the first state to legalize online gambling. >> stocks gaining today, thanks to better than expected housing and confidence data. your bloomberg silicon valley index higher on shares of apple and intel. apple has been issued a number of new patents including one for situational awareness meaning an iphone could know the use jer in a classroom or a movie theater and switch itself to silent mode. another patent allows for iphones to share location data, which with external devices like ipod touch or gps. the music industry has posted it's increase in yearly revenues since 1999. the dawn of the file-sharingera. revenue rose three tenths of a percent last year. digital sales helped offset continuing declines in cd purc

with this groupon you are paying just $3 for a 45-minute tension tamer massage at bell la ruth's health salon. >> you want a set of bluetooth headphones on sale? right now pay $4.99 from this deal with best buy.com. and mark your calendar, free turkish coffee, very, very strong. you are going to find it at 908 seventeenth street. turkish airlines is touring the dc area, in a coffee truck, and also offering several promotional fares from dulles to turkey and i'm putting more details online at wusa 9.com. >>> if you have an of offer or have a local deal for our viewers, i would love to hear from you. >>> join us on our facebook page to guess this. more arguments happen here than anywhere else. home, parking lot or restaurant? >> our facebook friend tony king says the parking lot. most arguments happen because of someone taking your space you wanted or they ding your car. >> log onto the wusa9 facebook fap page, leave your response, we'll reveal the answer in about an hour. >>> a big come back performance headlined last night's gmmy performance. all coming up. >>> celebrity birthday burt r