we have breaking news with jon fortt. jon. >> well, looks like some headlines in the "the wall street journal" saying that facebook very close to filing an s-1 for an ipo. the headlines say morgan stanley close to winning facebook deal. so a roll in that that they could -- facebook could file ipo documents as soon as wednesday. they are of course coming up on that deadline based on the number of investors they have to disclose more financial information, but there's been questions about whether or not they would move ahead with an ipo, "the wall street journal" at least saying that could be happening as soon as the middle of next week. back to you. >> and probably coming between 75 and $100 billion. thank you, jon, very much. we'll have more on this on "power lunch" in just a short while. andrew, thank you for your patience. >> sure. >> we're back to you now. so this year dividends were one of the hot plays, the dividend yielding stocks last year. what's hot this year? >> look, again, as i said, i think the quality dividen

jon fortt joins us for that angle. mark zuckerburg not only becomes a billionaire, but he has to hold the gms, is that the deal? >> sources in the valley tell me zuckerburg has wanted to put off this ipo as long as possible because of the disruption it will caution at the company. suddenly everybody will be focused on who is a billionaire, or a millionaire. how much money is facebook actually generating? an estimate from research firm emarketer said they did about $4 billion in revenue. that's in the ballpark of what yahoo! did. a $19 billion stock. but in ads for facebook, it becomes about selling an audience in transactions. remember, there are 800 million users here. probably more than that at this point. but you know, you shouldn't think about facebook's revenue growth, and profit growth in the future about being about user growth. because it's also about turning these users into shoppers. they have more than just ads to sell. they also have transactional windows. this is a platform, not just on pcs, but also on ta

. >>> i'm jon fortt, and this is "tech check." sure, you can surf the web, make calls and get e-mails from your phone, but shoot a feature film? absolutely. a 90-minute movie about a little girl who changes the live of three people was shot on a knockia n-8. >> there's something to be said about the first feature film shot entirely on a cell phone. that's groundbreaking. that's forward thinking. >> reporter: and a lot of thinking went into how to pull it off. they hired a hacker to disable the phone's auto focus and zoom. the lens is a $5,000 canon l series bought on craigslist for $800. and they bit a special rig to hold the lens in place, stuck together with nothing more than double-stick tape. four aerial shots, it flew on a remote-controlled helicopter. ♪ the movie's total cost? less than $500,000. it was screened at sundance this month. but it looks like a million bucks. that's your "tech check." i'm jon fortt. >>> the uk is not immune from the rivals' problems. maria spoke to george osborne about the impact it's having on hi

let's head to jon fortt. he's been on the call for the latest. >> a few things said on the call.ne interesting thing. that disappointing guidance number particularly on operating income. impacted by what 50 basis points worth of negative for impact. analysts also asking about kindle fire sales. trying to get more detail out of them. they won't say anything other than what's in the release. that it nearly tripled. they are emphasizing a jufs justification for the investment. sales were up from 32% of units to 36% of units. they're saying the reason they want them to fulfill is they've invested so much there. >> thank you very much. do you have a question? >> i'm wondering why they have 4x exposure? it seems odd to me. >> i think it has to do with the international sales. >> i get that part. but why don't they just domicile here and let people buy in the united states in dollars. why do anything in another currency? >> just earned yourself a seat on the boards of directors. >> jon, keep us updated. we appreciate it. jon fortt and headquarters on the amazon conference call. >>> next

our jon fortt is in the house. welcome, jon. >> thanks, tyler. one thing i can almost guarantee is that the kindle will not fire up profits, at least not in the near term. wall street's looking for 19 cents of eps on revenue of $18.2 billion. it's actually a high bar. that would be a 40% sales increase over last year. normally q1 guidance wouldn't matter so much. but in this case, investors are likely to be antsy about how soon some of amazon's investments in warehouses, shipping and hardware are going to pay off. expect extra attention to the operating income guide. let's zero in on the kindle fire. i'm not convinced this is the biggest gamble amazon's made in a decade. it launched in november. analysts estimate probably 6 million of them were sold. it's around 220 bucks once you factor in accessories. these probably have zero margin when you factor in one month of prime shipping that amazon is giving away free to kindle buyers. amazon needs kindle buyers to become amazon junkies. but it didn't slow ipad sales at all in the holiday quarter. we'l

let's talk about these numbers and get an inside look with jon fortt. he's joining us from our headquarters. and her man is here from susquehanna financial group. and aaron is joining me here. jon, let's kick off with what we know on the fourth quarter on amazon. looks short. what do you know? >> yeah, it does look a little short. the eps is the number we've got is correct, looks like it could be good. but i'll tell you what, the guidance looks disappointing. looks like they're guiding to a mid point of $12.7 billion for q-1. the street was looking for $13.4 billion. guiding to mid point, operating income of minus $50 million for the first quarter. and the street was certainly looking for a positive number there on operating income. so not sure how they're going to react that after hours. i want to dig in and look how this revenue broke down, what they say about media versus electronics, and general merchandise. and how it broke down, also versus north america and international. so definitely want to tease that out for you. >> herman, let me get to you.

jon fortt, we'll check in later with the amazon numbers. the dow jones industrial average down about 24 points. nasdaq positive. >> hope you can stick around, because we've got a big show still ahead here on the "closing bell." >>> coming up, stocks posting solid gains this month. does the january barometer signal a sustained rally ahead? or will it lead investors in the cold this year? >>> plus, metal mania. gold, silver and copper have all been rocking this year. and we'll show you how these heavy metals can keep producing profits for your portfolio. and will the kindle fire fire up amazon's earnings? the results are coming up. you're watching cnbc. first in business worldwide. >>> welcome back. sharon epperson at the nymex. we dropped below the $100 a barrel level. we're watching what's happening in terms of refiners, because we are seeing a little bit of pop on ex ppiration on oil. possible strike could be possible, and that could impact futures in the coming days. we're also watching what's happening in terms of the gold price, where g

jon fortt is in san jose with the facebook fallout. jon. >> hey, tyler. three areas to look at here. the ipo pipeline, business momentum and hiring. first the ipo pipeline. i hear from the people positioning companies out here in the valley that the last thing you want to do is ipo anyone near facebook. the news coverage a company could get around itsz ipo is valuable marketing and facebook has so much buzz, it's going to drown out everyone else. second, business momentum, seeing staggering growth in share of display advertising. that reflects on yahoo! especially, but google too. which leads to hiring. there's a pretty tight job market in silicon valley for top engineers and sales talent and a new facebook will have more weight to throw around. raising somewhere around $8 billion in an ipo, facebook already buys more than a dozen start-ups a year. it's going to be a player here. we talk potential losers with yahoo! and google. so who wins? one cloud and data start-ups, one of the biggest cloud companies on the planet, also facebook suppliers like intelin

. >>> i'm jon fortt. i'll be watching the earnings from amazon's holiday quarter.ere particularly to see how well the kindle did. particularly the kindle fire. also to look at how the currency headwinds effected revenues. >>> here's what i'm watching. shipping giant u.p.s. shows quarter earnings tomorrow. with the fourth quarter particularly telling holiday sales. something different time this time around is a change in pension accounting. the company says it will impact the quarter's results. >>> one more thing to watch for. former mf global ceo jon corzine has put his home up for sale. kayla has the details. >> that's right. what the halliburton homes website describes as a custom designed penthouse is on the market for $2.9 million. corzine bought it while serving as the state's government in twait. he paid nearly a million dollars more than what it's going for now. hudson county tax assessors most recently asays the real estate of the property at $822,000. corzine was recently ceo of mf global. forced him out as chief and into the hot seat as some $1.2 billion