the ipad 3, the iphone 5 and itv. >> it's not their ability to create products that worries us.t the market share with the address bl markets. right now those are still really small and have a lot of room to grow. if you're going to ask us what's the thing we're watching? at some point to turn more negative, it's about that market share. i think we're a couple years away from that but we track it closely. >> what are you watching, gene, when it comes to yahoo!. replacing many board members as you know. asian assets seem to be the big story out there. >> it's still the big story. there's not a lot of excitement beyond the asian assets. they need to do something that's innovative. they've switched out five of nine board members. i still think they should buy hulu. it's a great fit with their business and they need to get into a secular growth theme which they're not a part of today. >> you don't buy shares here? >> we own it for the asian asset spinup. beyond that it gets harder to build an argument to own yahoo. >> grasso, do you buy yahoo? >> no. it's never been one of my plays.

do you buy an itv? i recently bought a tv. >> for those who do nlgs you are buying multiple tvs, i think they are going to miss and that's why maybe a million and a half out of 106 million is not a bad or too conservative of a number. on the other hand, the apple and people out there waiting in line to get this are going to love this. i believe it's going to hook up with your voice commands and all the rest as well as the ipad. >> why today's rally and cold stocks may be raising a red flag on the rails. tspark card from capital one... spark cash gives me the most rewards of any small business credit card. it's hard for my crew to keep up with 2% cash back on every purchase, every day. 2% cash back. that's setting the bar pretty high. thanks to spark, owning my own business has never been more rewarding. [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? thi

reports of am launching the itv that steve jobs talked about in the biography by walter jacobson laterng the things it would have connections for netflix and youtube, that you would be able to access them through itv, both the stocks higher today. google not a laggard today. look at the pharmacy benefit managers, concerns as the ftc closes out the investigation on express scripts, proposed $29 billion merger with medco health. that could be scuttled. express script reese mains confident the deal will close in the first half of the year. nonetheless, the pharmacy benefit managers today under pressure on those headline. over to you guys. >> bertha, thank you very much. 18 minutes left in the trading session, time for a market stat check on the nasdaq. composite chicago its way off session lows, despite concerns that greece is running out of time to avoid default. you have heard that before. right now the nasdaq is down 6 points off the lows of the session when it was down 18 on the open. so hasn't been all that volatile in terms of the amplitude today. the cboe's volatility index looking

these young well wishers that as that extraordinary reign continues, duties will not be relinquished. itvime for your first look at entertainment news. >>> last night in new york, jay-z added to his list of impressive career achievements. he performed on the famed stage of carnegie hall. the second hip-hop act to perform there. >>> the associated press reports chris brown will perform at this year's grammys. the same event where his career almost ended three years ago when he assaulted then girlfriend rihanna. "e" reports demi moore has joined brook mueller in rehab at a utah clinic. add randy travis to the mug shot gallery. he apologized for his public intoxication arrest on sunday after, quote, celebrating the super bowl. >>> gisele bundchen in hot water for standing by her man new england quarterback tom brady. leaving the stadium on sunday night, she loudly complained to a friend about dropped passes saying, my husband can't throw the ball and catch the ball at the same time. brady teammates reportedly feel mrs. tom broke the rules about not publicly criticizing fellow players. seriou

divorce,rc, and usually huge medical bills.l again, but it's nice if you're one of the parties receiving itv and again, before everyone getsr yotoo excited about this, theree going to be trustees appointed toddle out the money.t thing of how that's going to work. >> the $25 billion.li >> and it will take time. this is not something that will be handled next week. >> absolutely, it's not an instant fix, this could take a couple years.le >> here's what i'm trying to understand. isn't it better, i understand that some say, and they're right, $2000, that's not a lot. that's not going to help me aa lot, but doesn't it help to somo extent, and doesn't it try toy start to make some people whole or get them on the path to getge whole again? >> it doesn't buoy the economy, the theory, my friends are all in favor of these things, i pointed out, when you do the math, it is less than one halfhl of 1% of consumptionc expenditures, which is really 70%. it will be a drop in the bucket, but the issue is if you want people to get, start working ouu of a hole, yes, this could be helpful. when you came in ii s

just these rumors of whether it's the different or iphone 5 or ipad 3 or apple tv, because it won't be itv, according to the british television network, but keep in mind cisco owned iphone, that monday kerr, and apple cut a deal with them for that. there's also the possibility of that different and of course a stock split. is 500 a sell signal for you? >> i think there's more room. i still that people can understand it's tough to move the stock, with you i still like it. >> colin had a hold rating. good to have you on the show. >> hey, scott. >> ready to make a change this morning? >> the key thing here is given the weigh best hind apple, we see it will be difficult for this company to outperform it's had a great week. but it's all based on -- first off is the dividend that everyone is expecting when they have the shareholder meeting at the end of february. it's important to remember that most of apple's cash, two thirds, is offshore so dividend yield of 3%, that will slightly disappointed people, maybe a 1% at best. >> do they care really? they just want to see a dividend. >> i think the

followed by an itv. >> and a difdent dend coming soon. >> at the same time remember apple that all of you know is a ramp into a product launch. >> even for apple is an extraordinary number. from the traders here or the investors have gone through these things and there is no question that the apple tv is an exciting concept. there is no question that apple's parading leverage allows them to extract even more eps upside from an apple tv. i said a couple of days ago, i think apple is different than smart phones in terms of the size of the market and the profitability you can expect. you nailed it. isn't all the good news in right now for a stock that looks very priceo the trading side? it's not priceo the valuation side. no question this is not an expensive stock. >> i love the way you talked aroundicationer. . >> the stock added 18 billion in market cap today. when you look at that, that's more than river bed, polycom, add trend and all the rest of these in the tech sector that are feeders off of this combined. the entire market cap of all those stocks was eclipsed by just today's move

and indicates that viewers can control their itv using their voice or hand gestures. >> what? for me it would work really well. i'm gesturing all the time. you've seen me. >> gesticulating. >> it's going to be a huge deal for them. the size of the tv market right now is half the size of the smart phone market. smart phone market rising. that is growing by the day. the replacement cycle is much longer than for smart phones. i think thit could lead them into a place where they're dumping a ton of r and d. i believe app sl one of the best companies in the world. one of the most profitable companies running into competition because they are so good. apple tv is not the answer for them. >> in terms of the options activity out there on apple as it hit a fresh all-time high today. any indications that people are setting up for the fact that perhaps the good news is the price of stock as we speak. >> still looks like the most active options are upsided calls. my question about this new way to control your television is who's got the remote in this situation? a room full of people, thi

home builders on the bottom there, that's the itv, that has been moving sideways, down for a few days, that's also on the up side. encouraging activities, until you get to the oil sector. it's been ugly for the transports, particularly the airline stocks. many of them are down. take a look. >> wow. >> that's just one week, how they've been moving in the last few days. particularly in the last three days we've seen oil really spike up. here's what's important, there's the airline index. going back since the beginning of the year, you see how it topped out for the last few weeks it's been moving down. the good news is, remember the airlines raised prices. have you flown recently? i couldn't believe how expensive it is to go anywhere right now. they raised then in january and again in february. so a lot of this is sort of covering the higher fuel costs you're seeing in the form of higher fares. bookings have been pretty good so far. the numbers for the airline companies are not that bad. but obviously, this week, there's a little bit of knee jerk, because oil's up. >> only so much they c

and peter at jaffry says apple could very well roll out itv this fall. and he expects they'll team up near $465 a share. back to you. >> bertha, thank you very much. stocks are kind of stalling a little bit today after a five-week rally though. as the eurozone worries move front and center once again. what's the next course of action? should you retreat or pile on more risk? let's ask david steinberg, $250 million in assets under management. up 16% year-to-date. and sandy lincoln with bml asset management. welcome to "power lunch," gentlemen. nice to see you again. >> thank you. >> david, i'm going to start with you. you were bullish early and paid the price for that when we had a lot of volatility. as we've noted you've now moved up to a gain of 16% year over year. are you satisfied where you are? >> i like to look at this as risk. if you put opportunity on and there is opportunity out there and it continues to be out there. the risk aversion that took place to what was going on in europe and greece moved lots of money into bonds. and, you know, basical

and expect the itv available for the holidays. it's a big year for apple. >> peter, who else will buy in that's not already in the stock to send it higher? >> that's a great question. i think there's two groups here that are really waiting for an announcement on dividends. we have the income and balance growth group. and then we have a lot of closet indexers who have been holding back either slightly market weight or significantly under market weight because they're worried about what they're going to do with their cash pile, whether they're going to make a ridiculous acquisition or blow it on something without a lot of value. >> jon, closet indexers. do you agree with peter we will see a dividend from apple soon? >> i think so. i think the question is is it a one-time dividend or what else they might do. there are some dangers for apple i think. one, you have to look at this brand stuff. they took the move today of saying they're bringing in external people to look at the fox con factories where apple goods are made. that's very

the itv is a potential upside opportunity we think more in 2013 and beyond.ked into the numbers and could provide further earnings upside. >> i'd love to get your take on sprint. shares of which are down. the company saying a number of things on the call, including, of course, this basic idea that, hey, you know what? 20 2012 is going to be a u-turn kind of year. '13 is when we're going to perform. do you buy it? >> a lot of long term challenges still facing this company. they have the turn around under way. they have significant investment costs in front of them. 2012 is going to be a tough year. as you point out, the bet really is on a significant rebound in 2013 and 2014. there are a lot of uncertainties out there. too early to call. we're at a neutral rating. we would not yet be buyers of the stock. >> another company aggressively selling iphones and perhaps not doing as well certainly as apple is, is that the strategy you think they're going to continue to embrace? should they? and when it comes to the uncertainty, what should we be watching to figure ou

but maybe you get some discussion on itv. they've talked about their apple tv as being a hobby.y don't want it to be a hobby forever. maybe some more hints from tim cook on that front. >> mark, while we have you here and the luxury of the analysis, where are you on the forces that are certainly on the phone front that are lining up against apple? rather than just talk about samsung, let's talk about nokia. those two launches we believe in barcelona monday. one of which could be a lower price offering. do you think they're secure in the sort of projections we've got for the iphone at the moment or do you believe there's trouble down the line? >> i think apple is still pretty strong. i mean, you have these bear cases that the android community comes out with lower priced phones. samsung is really the only major competitor out there. rim, you know, the windows phones from nokia i think are much more challenged. you know, we're hoping to see mid-year from apple the iphone 5. i think they do need to keep innovating and, you know, maintaining their leadership. you'll see a lot of comp

for our demonstration we have itv, cw, the food network which has allowed us to distribute their content and the country network. so what i'm going to do, and going to drop into my tv here. >> host: that is an ipad. >> guest: the application was built via a company called ogato picking up the signal so this is live television over the air. what is interesting here is the question we all get is how can we drive revenue from this application? what you see here is a flip through the channels we have an interstitial which gives the opportunity to drive advertising revenue for the product itself. as we move forward more interstitial as well. the country network is there. and that goes back to the food next what -- network. >> host: windows that pop back up? >> guest: it will pop back up in the second. we have program guide information to show exactly what you're watching what is interesting here is i can tap the screen once and i can hit this bread right here and i'm recording that show right now over the air. >> host: it will record onto your ipad? >> guest: yes, records locally to the stora

i think this company we're talking about the itv, how big, the ipad.ook there's so many other i pads, what happened to them? they were called tablets for a while, now they're called ipads. they were called music place now ipods. >>> let's check in with david, wlos with bob pisani. >> we haven't talked europe, so when we get to you, mr. pisani, we know we will, let's start there. >> i take my wife out last night for valentine's dinner, futures at 1347, i come home at 10:00, and futures are 1357. this is very thin trading in those hours, asia really hasn't opened quite yet, so i check around, say what happened? ten points is a lot. chinese governor of the people's bank of klein says in a meeting, yeah, we'll continue to buy euro zone debt. sure. that's a bland comment, but it moved futures ten points. you say how could that be? the chinese have made these comments before. this is not new. yet it did. myopoint in bringing it up, this is the grip that europe still has. people keep saying i'm sick of greece and the eu, a lot of people does, but look what it

record high in today's session. 497-62, though the stock has backed off, as rumors around ipad 3 and itv pitch. rob, great to have you with us. you are an apple bull, and you think the march quarter guidance at this point looks pretty conservative. at the same time, at what point do you take a look and say maybe people are putting too much momentum behind the stock, given the trajectory of the rise in such a short amount of time and that it seems like we're moving higher and higher. we know there's going to be an ipad 3, probably an evolutionary, and not a revolutionary product, and we know an i tv will come out. >> i think the ipad refresh coming in march, beefb looking for that for a while, so i don't think that in and of itself is the issue. that's really where the power if you have the stock comes from, it's the platform. >> do we have clarity to the next platform? >> frankly we have no clarity on even apple tv. i expect an apple tv product, but i'm not holding my breath for it to be anything -- i expect the iphone at the end of the day will still be the biggest product cycle this ye