so we have this demand for safe haven. >> for "nightly business report" i'm jackie deangeles. >> two blue chips in the dow hitting all-time highs today and that is where we begin our market focus tonight. american express and johnson & johnson both hit as the market gained and the amex on the $150 million a share buyback plan and j & j after ubs raised the price target on the stock to $87 from $81. johnson & johnson also part of the nyse pharma index and that index hit its highest level in almost 12 years today. here are some other top performers in that group. bristol-myers squibb leading the way up almost 25% year to date, followed by eli lilly, pfizer, amgen and merck. >>> it is set to become one of the ten largest shareholders in goldman sachs. the move comes as goldman gives berkshire millions of shares in place of warrants dating back to the depths of the financial crisis and that's when buffett came to the rescue of the wall street firm by investing $5 billion. goldmaniay stock was closing at their 146. at that price berkshire would receive 9.5 million shares. netflix was the

for more, let's go to futures now, the host, jackie deangeles. jackie? >> that's right.de turned around after enjoying half a percent of gains today. richard makes sense of this for us. what's driving oil today? >> i think the dollar puts the skids on all commodities, including oil. but really, jackie, this market was bouncing off a deeply oversold territory. the market from february to the first week of march dropped 10%. the rsi fires a buy signal, and then you get better numbers from the equity market and abroad, and that scoots the market up. this is a capitulative bounce, we go to around 94 where i'm looking to get short. >> hey, jim, crude running into technical resistance here? is that what you would call that? >> yeah, today's high around that 93.40 level, some old highs from about a week or so ago. i think there was resistance there, too. this is a story about a clash of a micro story and macro story. you can look at the supply all you want, but crude is trying inverse relationship to the dollar. the dollar is pushing crude lower. it tests that 90 level again so

back to you, melissa. >> thank you, jackie deangeles., listen up sneakerheads and google is getting its best foot forward at this tech and media conference. we'll explain. also ahead we'll take you to south by southwest to ceo dennis crowley. that's straight ahead. [ female announcer ] what if the next big thing, isn't a thing at all? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. >>> google unveiling the prototype of a smart shoe at south by southwest. the latest gadget can log your running time, give you advice and even encouragement for runners and that brings us to the question, what is the next article of clothing google will hack tweet us. it the air the responses throughout the morning. >> everyone needs encouragement while you're exercising. >> all of this wearable stuff tha

for more, let's go to jackie deangeles now, the host, of course, of "futures now." >> that's right, scottis is why it may be troubling. look at this chart. over the past five years, copper and stocks have tracked each other closely. but over the past month, copper's gone straight down while stocks have rallied. is copper flashing a big red warning sign for the market? anthony, you're at the imex, and even though we've had decent numbers on the housing, those are future permits. and that means the houses will start later down the road. right now, there's a huge supply of copper, and economics in china and europe are not good for it. >> okay, jeff killberger, are you concerned as a stock investor about what's going on here and how these things are tracking? >> absolutely, jackie. the portfolio managers and traders alike are always looking for leadership. copper is receiving some pressure in equities, but we're concerned with the inventory spike. we're seeing a doubling of inventory in copper right now, and that's really a alarming. the last time we saw an inventory jump like that, it was 20

our jackie deangeles taking it. >> march saw a little bit of a slow start with respect to ipo activityp with seven new issues and this week, one big one, pretty key. it's pinnacle foods for its debut on the nyse tomorrow under the symbol pf. pinnacle is best known for famous household brands including duncan hines, aunt jemima and bird's eye. the size of the offering is 29 million shares. at the midpoint of the range it's worth about $551 million. it would put the market cap above $2 billion. proceeds will be used to pay down debt. this ipo is backed by private ey firm blackstone, whose stake would be worth $1.5 billion. jim cramer, got to give him a shoutout. he botches everything. he had his eye on this, too. he e recently said he feels these kinds of deals have performed quite well. he pointed out 13 finance deals have popped up. on average up on trading. analysts like the company's strategic move. they are also cutting costs and also, the brands have mass appeal. the company says the products can be found in 85% of u.s. households. pinnacle also claims number one or number two in 1

cnbc's jackie deangeles is live on the street. what are people saying, jackie?, simon. rest assured you can still get your super-sized coffee and put as much sugar as you want in it. it's interesting in terms of the reaction that we're seeing from the new york state supreme court judge invalidating the ban on soda. there are many businesses and many people on the street this morning that are very happy about it. >> think it's ridiculous. people are just going to spend more money on buying two or three. >> i think it's a slap in the face, really. >> i think if people want to drink sugary beverages that are larger than that size they should have the freedom to do so. >> it's not just the consumers and it's also the businesses, as well. they're implementing the changes and they've started doing it already and they said it is onerous and the ban would impact the bottom line and they're concerned that sales would be going elsewhere potentially and the judge called this regulation arbitrary and capricious after the $61 billion soda industry teamed up with business gro

let's check out the latest moves in commodities and go to jackie deangeles at the market. >> we're watching is higher after the deal between cyprus and the e kwushgs regarding its bailout and that is driving momentum in the crude trade. it's about the highest level that we've seen it in a month. meantime, the metals complex are mixed this morning and we're seeing the weaker euro pushing gold under $1600 an ounce. seeing that rotation out of safety back into the riskier assets and that's not surprising traders down here, but also might see some extra volatility in gold today as it is options expiration. melissa, back over to you. >> thank you, jackie deangelis. a crisis in the country averted, and the s&p 500 sitting tantalizingly close to new highs. jason tanerd will join us after the break. as we take a look at the s&p 500 over the past year and what a run we've had. stay tuned. name and not a numb? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly

and later in the show we'll go to jackie deangeles who is outside an at&t store and we'll see what thee like. >> i wouldn't stand in line for anything. >> nothing? >> nothing electronics. no. absolutely not. would you? >> i don't know if i would, i never have. put it to you that way? >> you, simon? >> i don't q. >> i'm over 40, i don't cue. >> shares of tiffany, and the luxury earnings reporting better than expected fourth-quarter profit s and senior analyst with oppen heemer. >> thanks for having me on. >> the stock's seeing a nice gain today up 42%. i don't get this gain because revenues are light and the guidance for the first quarter wasn't particularly good. what did you like, if anything, out of this quarter or the conference call for that matter. >> i may be if your camp. i like tiffany a lot here as i look at the stock over the next several quarters, but frankly, i'm a bit surprised by the positive reaction today. the quarter was okay, but it was not great, and it reflected a lot, the same pressures that if weighed upon tiffany it was the most of 2012. >> and yet, you still hav