. >> first, we want to get back to a market flash here with josh lipton at headquarters. breaking news in the afters session. josh? okay. we're going to bring josh in a little later on. let's go to straight to david gers stenhabber. and we're expecting a very big report tomorrow. what you're expecting in terms of the jobs report. >> i'd be foolish to predict. >> the consensus is probably about 190, 180,000 right now. it's come down a bit as a result of the data we've seen over the past couple of days. but i think that's probably in the ballpark r park of what we're going to get. and that's a number that is not too hot and not too cold for the fed at this point. it's going to keep them in play with their easing policies and keep the juices flowing for the equity market. >> how do you see that in terms of the trend? because we have seen some pretty good data points on the economic front. but are you expecting the bad news, so to speak, to be back loaded into the second half as we are facing the headwinds from sequester? >> the impact of sequester has been pretty minimal so f

josh lipton, thank you. >>> time now, zynga plus casino, it's awesome.ness. the tournament had a day off yesterday. but we are back at it today. we started out, of course, with 64 stocks from four regions, and have whittled the competition down to six names. tonight we feature the regional finals from the financial sector. number one seed bank of america taking on number three seed visa. the winner will advance to the last four stocks to duke it out. so let's turn to the trader for this very important matchup, guy. your pick. >> look, i said it. i'll say it again. i think visa can and should win this whole shebang. it's not because i think the consumer here is alive and well. far from it. but, again, people are spending money in a different way. they use plastic instead of paper that trend will continue. visa processes these transactions. they win to that letter. >> keith? >> i go with bank of america. i like the number one seed. i think housing has been one of the biggest calls of the year. if you stay with that, you get the pullback. and here it is, ba

thank you for, that josh lipton.because if you take a look at a chart of wing prices in the past two weeks they have tremendously come down. and at the same time a lot of these companies out there have been promoting boneless wings, which are actually cheaper per pound than bone-in wings. >> that's cheating, by the way. >> what are you talking about? >> boneless wings. >> why? >> come on. >> it's easier. it's a lot less messy. >> you've got to -- >> too easy? >> you've got to work the bone. right, guy? >> you know what? >> i'm not even going to -- >> i get in trouble and you you said it. >> he's drowning. he's pulling you in. >> nobody's in trouble. just making a point. >> pete, you're cheering the stock on. >> going into this number if you looked across the street everybody started to jump onto this story and a lot of that had to do with they had been watching those prices come down for the wings, down about 25% from the upper end. so these margins are going to really start to show up in the forward quarters. and wh

let's go to josh lipton with the next story. josh? >>> we'll bring you the latest on two names dominating the headlines today. one, herballife sliding lower. the company confirming that kpmg has resigned as its auditor. the accounting firm reporting it had fired a partner over alleged insider trading tips. also, keep your eye on sketchers. the stalk halted and sketchers will announce kpmg has resigned as their autoor the. >>> coming up on the half after the close yesterday, it's out with the new and in with the old at jcpenney. we'll give you the latest on this still developing story along with the trade. and later, it's the question that's on everybody's mind. why is tech lagging the rally? dan niles of alpha one capital with some answers and the names you need to buy right now. ♪ [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ and no matter where you are in life, ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> jcpenney shares falling today that ron johnson wa

josh lipton here with the details. >> a roundup of some names making headlines today. ross stores, nice move on solid volume, reported a surprise 2% rise in march. same-store sales also saying it's looking for first quarter earnings to be a bit above the high end of its forecast of $1 to $1.04 per share. ross up some 19% this year. another to mention, chipotle, josh brown listening to a conference in new york said, gundlach announced a new idea and it's a good one. pc sales nose-dived 14% in the first four months of the year and that was the biggest decline in two decades. hewlett-packard in the red as well as microsoft, which goldman sachs downgraded to a sell. in other news, par cleys downgraded semis to neutral. they say the growth profile in semis is much slower than many expect. also talking about a much smaller snapback in earnings, which means some semis still look relatively expensive. analysts did like one name, though. the upgrade silicon laboratories to overweight ticker slab, up about 4.5% right now. maria, back to you. >> all right, josh. thank you so much

i'm josh lipton. valero energy dropping hard near the lows of the session right now. valero telling cnbc at the cost of complying with new pollution studs for gasoline will cost hundreds of millions. the epa, remember, wants to reduce the amount of sulfur in gasoline. valero telling us it will cost them between $300 and $400 million. equipment upgrades. other refiners also falling. tyler, over to you. >>> the south korean foreign minister is in washington where he will meet with john kerry this afternoon, as both countries decide how to responsibility to the increasing bellicose rhetoric from north korea. senator, welcome. how worried should we about about north korea and its ability to disrupt commerce or obviously something worse than? >> we should be very concerned. at the moment there's a wide gap between their rhetoric and their actions. while they're declaring a state of war, they're not taking any obvious or overt actions to prepare for it, but i do think you have clearly a totalitarian regime dominated to an extraordinary degree by the military, and a young le

josh lipton has a look at what else is moving inside the market today. one of the worst performing stocks, what have you got? >> check out google giving out ground today slipping into the red. ryan dedrick at shafers says he wants to see a bounce soon because near term moving averages are deteriorating. in terms of levels he's watching 767 which is the october peak. if we violate that, he says that will be one more sign that google could see more weakness in the term. >> how of a problem is this, google? if the google trade rolls over, protect? >> we said that about apple and actually it was the opposite. i don't know. i think the thing with google -- >> what has been the opposite? >> apple rolled over and appled a 20%. >> if you're hanging on tech to do something and you've got google rolling over, apple is -- >> i'm not anticipating for tech to do something. i've been underweighting all year. >> not you personally. people may think that technology may finally come around. >> here's my concern is that nobody wants to own the next apple, to see it reach

josh lipton, what are you seeing? >> microsoft is charging into the green now at a seven-month high. our own david faber reporting that activist investor value capital has taken a $2 billion stake in microsoft. that stock up 15% this year. >> what do we do with this one? >> sell it. the mobile strategy is lousy -- >> it's popping on the investment, not on the fundamentals. >> it's popping on the investment. last week, a lot of the popping was on the -- the discipline in terms of operating expenses. in essence, if you believe they can continue to perfect the balance sheet model, then, okay, you stay with the name. but they're going to need something within their actual industry to be a catalyst. and i don't see it. >> surface was better. enterprise on windows was a little bit better. pcs are horrible, not getting better anytime soon. if they can balance these two and continue to generate cash, you can see why the value managers are owning the stock. they're going to deploy their cash, unlike another technology company

i'm josh lipton. walter energy is popping hard here in the after-hours.e headlines just dropping. the company providing preliminary first quarter 2013 operating results, saying performance for the first quarter has improved compared with fourth quarter 2012. the company saying it is well positioned as it looks ahead to the remainder of the year. walter energy up some 6% right now. back to you. >> this could really impact the coal space in general. they're talking about higher sales volumes and pricing for met coal and lower costs and production costs which could impact here. >> we said this last week, they were pricing it like they were going out of business. it's great to see people have been wrong on the wrong side. they've been good to come to market and give guidance. >> let's talk amazon soaring 44% over the past year. we're looking at whether this stock is getting overpriced in our street fight tonight. in the center ring, john is the bull. mike is the bear tonight. you both have a total of 90 seconds. to make your case. >> number one, jeff bezos, t

it's a bit about what josh lipton was talking about. the quarter being light.ull year is going to be okay. i think if you can get this one in the 52 range, melissa, that's a pretty good buy. it would be about $7 under the recent high. be patient. >> let's talk about another mover in the after-hours session. that is ebay. but weak guidance is dragging down shares in the after-hours session. collin gillis is a tech at bcg. he joins us on the fast line. you're saying forget about the current quarter guidance because they're sticking by the full year. why are you willing to look through this? >> when you look at ebay, right, if you get a chance to buy this on a pullback, you want to take advantage of it. because you've got a company that's got two businesses both of which are firing strongly on both cylinders. you know, the fact that the june quarter is lighter on expectations but the full year is maintained, it just means we've got seasonality off. >> are you pointing at both market place as well as paypal as reasons to stick by the stock? as well as it coming to

we'll send it over to josh lipton.joying a morning if the green here hitting a new 52-week high. last week the retailer warned of weak sales this year and it also reported a better-than-expected quarterly result. this morning the street is reacting here and a number of analysts raising their price targets including those from suntrust, baird and bmo which is telling its clients the street is focusing on the opportunity for growth in 2014 fueled by the next iteration of game consoles. gamestop is up about 20% so far this year. >> thanks a lot. >>> in case you weren't aware today marx off the kickoff of q2 and rick santelli will talk expectations for the market, the fed and your money. facebook sean parker getting all mid emed evil on us when we com back. we'll explain. you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you shine every day of the week.

guys, back to you. >> thanks so much, josh lipton. apple is back below 400 today.cember of 2001. but could things be even worse? good to have you. >> good to see you. >> i was looking at the pes for the biggest companies in the u.s. stock exchanges. and the market really seemed to have gotten it right when it kept assigning a low pe to apple. even as the share price was marching up. it's interesting. of the top 50 largest companies on the u.s. exchanges, only one other company has a low er. citigroup, bank of america, glasco and disney. so the market is telling us there is a high beta opportunity and high beta risk for apple. we have a well known analyst on earlier in the program. a slew of responses on twitter said what do you mean ignored? 40%. i wonder if you think the street is done revising their expectations. >> let's take a step back before we take a step forward. if revenue growth from 2010 to 2011 was incredible. apple is going to going to hit the wall of large numbers. if you look at revenue growth for 2013, 2014, you're at a 13, 14% revenue growth number

josh lipton here with individual stories. over to you, josh. >> you've said some dramatic movers in today's session. here's one obvious standout. first, solar, skyrocketing higher. forecasting 2013 earnings and revenue, way above consensus. keep in mind, first solar is also the third most shorted stock in the s&p. short interest in the stock nearly 31%. other solar names moving higher as well. or as john and jerry as option monster put it, solar steals the show, bears cry. another one well in the green, cliffs natural resources. analysts tell me this was really a macro-driven move on this one. remember, we got tame data from china. mean policy makers have more runway to stimulate the economy. good news for those news in the material space. that sector, the best performer in the s&p today. a couple other pops to mention. analysts and rbc saying gilead will keep on outperforming in the next one to three years, talking about growth of its hepatitis "c" franchise. that stock up some 100% over the past 12 months. radeon says it bui

let's get up with josh lipton, he's rounding up all the action. >> some big names reporting after the amazon, revenues missed for the first quarter, a mid-point of guidance also below consensus estimates. but morningstar's analyst, who covers the stock, he was speaking with you earlier, maria, saying the key question remains can the company monetize its growth? says amazon remains in the investment phase, still attracting a lot of users, which she says bodes well for growth trends. also, expedia, the online travel agency reports a higher than expected quarterly profit. bookings for hotel rooms, up nearly 30%. revenue rising 24% to $1.01 billion. that beats expectations. the stock higher in the after-hours. up some 100% in the past 12 months. starbucks, reporting second quarter earnings, up 48 cents per share. that was in line with consensus. revenue a bit light of examinations. company warning third quarter earnings would be 50 to 53 cents per share. that's below the 54 cents analysts were looking for. that stock lower right now in the after-hours. baidu, the chinese internet search p

josh lipton, what's moving? >> scott, check out google. slipping into the red. you guys were mentioning, expected to unveil soft marware today that would replace android phones. taking traffic and ad dollars from google turning to technicals. spoke points out that google has not closed below the 50-day this year. that could change today. back to you. >> thanks. i would bring this up and i think i did t at the top of the show. as another one of those things to watch. one of the pillars of strength in technology. joe, you told me you didn't even care. maybe you should care because the stock is in danger of closing below the 50-day. >> not affecting any of the holdings that i have right now. >> come to the bull, we short it. we covered it yesterday. but, you know, looked like it had gotten a little bit ahead of itself technically looking for a breakdown. i think google could go lower. back to the main point, if it does, if it goes below, that in and of itself is not going to bring down the entire market. >> no, but, look, it's yet another sign, if nothing else, for

i'm josh lipton. failing dollar reporting poor quarterly profit and talking about sales at the start of the year. the full-year profit is below what the street wanted to see, but analysts tell me everybody was really expecting them to reduce guide dance, so maybe not too much of a surprise on this one with the stock up 1% right now. scott, over to you. >>> thank you so much. a reversal, b.k., from where the stock looked like it was going to spend this day. >> absolutely. it looked like it was going to crater this morning. a lot of people have been short this. we talked about this a couple weeks, what they have done with fami and dollar general is poke the sleeping bear of walmart. i think that's hurting them. think mentioning tax receipts, that's probably hurting them, but bad news the stock goes higher. that's your time to cover. >> six times normal volume today, just to throw it out there. >> one of the big stories of the morning was the surprise early release of the feds' minutes. normally expected

thank you, josh lipton.dismal march employment report and we have veteran art cashen. >> and randy crossner and david rosenberg will talk jobs and lay out his top ten reasons why even with the sell-off this market is overbought. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪

all right, let's get to josh lipton and a quick market flash on this much talked about bitcoin story. josh? >> that's right, bill. the question, is the bitcoin bubble going bust? the price of a single bitcoin, the virtual currency, grabbing all those headlines, nosediving. today's high was $266 per bitcoin, but it plunged to $250 per bitcoin. that is a 44% drop from its intraday high. i just spoke to art cashen, of course, the legendary director of floor operations for ubs, calls bitcoin a pop psychology thing that feeds on itself. people buy into it without thinking it through, mr. cashen says. still, bitcoin up over 200% over just the past month. maria, back to you. >> all right, josh, thanks so much, josh lipton. we are in the final stretch of trading here. 25 minutes until the final bell sounds for the day. we have a market off of the best level, but nonetheless, in uncharted territory, if we close here, and up 138 points on the dow jones industrial average. nasdaq on fire, 58 points higher. >> do you know the nasdaq from the lows of friday, since that low, the nasdaq is up roughl

cnbc's josh lipton is joining us now with the details. good evening, josh. >> major commodity markets falling hard today. gold breaking below $1500 for the first time since july 2011 entering a bear market. traders talking about deflation fears. also reports of cyprus selling its gold. can piplation in the gld, the gold eft, trading almost five times its average volume. that along with margin calls fueling the fire. minors also taking a hit in newmont mining and barrick gold deep in the red. as for oil, also dropping to a nine-month low. concern about a weak global demand outlook. u.s. retail sales fell in march. remember this week the international energy agency also cut its global oil demand growth estimate for this year by 25,000 barrels per day. larry, back to you. >>> many thanks to josh lipton. what's driving this commodity sell-off? a couple points, first, there's no end of the world, all right, gold, no end to the world gold trade. second, there's no end to the dollar gold trade. third, there's no inflation. fourth, maybe cyprus an

let's get to josh lipton. he's got that and a lot more. >> hey, maria. check out netflix which is just ripping higher here. you heard our own julia boorstin breaking those numbers earlier. beat on the bottom line. guidance well above consensus estimates. domestic streaming, net adds, 2.0 be million. international net adds of 1.02 million. stock trading above 200 bucks in the after hours. last time that stock traded above 200 february 3rd, 2011. also waiting on texas instruments. street looking for eps of 30 cents on sales of $2.85 billion which would represent a 9% year over year decline. maria, back to you. >> josh, thank you so much. more on what happens next now that the boston bombing suspect has been charged. two legal experts will walk us through next steps after this short break. >>> later, a flood of earnings will hit wall street tomorrow morning. wall street's top money pros will tell you which ones they're keeping a close eye on. apple after the bell tomorrow night. can't afford to miss that. stay with us. (ann) to help me plan my next move, i

. >>> josh lipton rounding up all the action after the bell. that's next.nd we're talking about which earnings reports you need to keep a close eye on for tomorrow. some huge names you need to know about. stay with us. we're back in a moment. ideas, goals, appetite for risk. you can't say 'one size fits all'. it doesn't. that's crazy. we're all totally different. ishares core. etf building blocks for your personalized portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go lik

thank you so much, josh lipton. >>> first trading day of the second quarter in the books. after the break, what you should be doing with your money now. what to expect from the market for the rest of the year from one of the top minds on wall street, s&p capital iq's rich peterson with me next. >>> can aggressive actions out of north korea spook this rally and this economy? coming i'll speak to former defense secretary leon pa net na about how dangerous north korea really is. then, he's got harsh warnings about what he says could be a devastating cyber attack in the u.s.'s future. >>> toys r us's decision not to go public because of unfavorable market conditions, unfavorable market conditions? has many wall street analysts straching their heads. aren't the markets at near record highs? that and a lot more coming up on "closing bell." back in a moment. rokerage firms. but way too many aren't. why? because selling their funds makes them more money. which makes you wonder -- isn't that a conflict? search "proprietary mutual funds." yikes! then go to e-trade. we've got over 8,

our own josh lipton is monitoring that call. we'll be bringing you the top headlines later on this hour. >>> why one leading real estate investor is not buying the strong run in housing stocks. but first, two traders clash over coca-cola in our street fight after the beverage maker soars to the highest level since summer 1998. back right after this. welcome to the new new york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ >>> welcom

i'm josh lipton. carl icahn apparently tireless. his latest move taking a 9% stake in nuance communications. the company, a speech recognition software maker. icahn's stake representing a passive position. the stock right now up about 5 1/2%. scott, over to you. >> josh, thanks so much. carl not getting much sleep lately. that's for sure. goldman sachs hitting apple with a body blow today, removing the stock from conviction buy list. it's still rates the stock is a buy but what do our traders think? mike murphy is a bull and nick is our bear. you're up first. >> apple is a screaming buy down here at these levels. we can talk about the valuation. we all know how cheap it is. we can put that aside. >> cheap at 700. >> well, apparently it wasn't, right? so down here looking at where we are currently in the 430 range, technically the stock rolled over from 450, came back down. we're longing it. valuations is one of it. give did increase is coming and that's one reason. it's more about the product. the sentiment has shifted so negative o

the earnings parade remains in high gear on monday. >> josh lipton is recapping the week's big winnersoking ahead to what's on tap next week.ç over to you, josh. >> well, a wave of earnings reports this week. some pleased, some did not. let's get a roundup. we'll start with the winners. first up, netflix, you guys were just talking about this one. the movie streaming service telling us they added more than 2 million u.s. subscribers last quarter. that stock now up some 130%, just this year. d.r. horton, another big gainer. the home builder nearly tripling its quarterly profits, selling more homes at higher prices. the ceo says he expects the second half of the year to be even better than the first. and check out coach, the luxury handbag maker reporting higher than expected quarterly sales. north america same-store sales rising 1%, reversing a 2% drop in the priority holiday quarter. as for those in the red, how about safeway, the supermarket operator. earnings met expectations, but sales, volumes, trends disappointed. identical store sales, x fuel, 1.5%, slipping below its previous f

let's get to josh lipton, the major averages finished well off of session lows. dow industrials up 56 points. josh lipton is recapping the winners and losers. >> leaders and laggards in today's session, maria. let's start with a big winner. that's best buy, which will offer space in its stores to create samsung boutiques. stock hit a new 259-week high today, keep in mind, recent data does show short interest for the name is around 12%. jcpenney, also in the green. the troubled retailer getting set to start the unveil of its revamped home boutiques. still, that stock down some 20% this year. the worst performer in the s&p today, terradata. morgan stanley removing the data storage company from its best ideas list. the analysts talking about a loss of near-term momentum. netflix also having a tough time here. different reasons for why the stock has been down. some pointing to warner brothers new streaming video subscription service. netflix is up 12% this week. and google unveiling software that further integrates the social network with android smartphones, which c

let's get to josh lipton. >> dreamworks reports investors moving in. that stock is spiking here in the after-hours. we'lt yot up on on the bottom line, the street was looking for a loss, a loss of 3 cents. instead, the company turns in a gain of 7 cents. dreamworks turns in revenue of $135 million. the ceo saying the year off to an outstanding start for dreamworks. he also mentions specifically one movie, maria, "the croods," they reached a blockbuster level of nearly $480 million, well on its way to becoming the number one movie released during the first four months of 2013. dreamworks up about 8% right now in the after-hours. maria, back to you. >> thank you so much, josh. >>> up next, pensions have come under fire, but coming up, we've got the person who ran a portfolio that wiped out $97 billion in losses. the chief investment officer of the country's biggest public pension fund calpers will join me to talk about that feat. he'll be joined by his counterpart at callsters teacheteacher s union. pepgs watchers are concerned if there's not money to pa

. >>> let's get a market flash with josh lipton back in the news room. josh? >> hey there, melissa.ney ripping higher today. david faber reporting that goldman sachs has arranged a $1.75 billion financing package for the retailer. this follows yesterday's news that george soros reported a 7.9% passive stake in the company. jcpenney surging 11%. best day in 15 months. jcp is the most shorted name in the s&p 500. 47% short interest. melissa? back to you. >> thank you, josh. guy, are you a sensible slacks kind of guy? you like what's going on there? >> well, see, now, you can't live in a vacuum te[e, harvard girl. >> what are you talking about? >> on april 11th, when that stock flushed, i was sitting here, finerman was there, i said, you know, not a bad day to be buying jcp on this flush. traded like 89 million shares. >> and you say i called you crazy. >> yeah. >> i call you that often, i don't remember. >> it's all about trading. today is the day, you probably take some off the table. in a vacuum, today, if you flew down from mars, what do you do? you buy it again. ? >> really? >> ye

. >> let's send it over to josh lipton. he has a big market flash. josh? >> we checked out chipotle mexican grill. it took a sharp drop. it is chipotle. he said that gourmet burrito is an oxymoron. tyler? >> i like their burritos. i think they're pretty good. >> we will be right back after this short break. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can help you take charge of your future. ♪ ♪ oh, oh, all the way ♪ oh, oh >> once again, it doesn't hurt to look at the screen. >> another day, another high? >> what's interesting is you look at the volume there. 340 million shares, that's on the floor volume and that's just about average i don't think that necessarily is a bad thing. a lot of people are saying gee, now that we're at new highs, why aren't we getting more investment enthusiasm? a lot of people are concerned about that. remember, the very simple rule here.

i'm josh lipton. we are watching pfizer right now lower in the afterhours. here is the headline.ommittee recommending against green lining its new rheumatoid arthritis drug. down about 2.5%. >> trade if we can. that could be a blow for them. >> we have seen amgen and pfizer. this trade is very crowded here. >> they go flat when the market rallies and sells off. they take off. >> it's a key level. i have to say i agree with dan on this one. >> i can't remember who makes it. >> all right. on a serious note this is the most popular iphone in america. it is not just men driving up sales. women are being driven into it as well. it is a trend that cnbc's new documentary is following. >> we have them for sporting. we have them for hunting and we have them for just in case. >> i think there is a small bit of status for a gal that says she owns an ar 15. especially right now. >> when a girl can say oh i got my new baby today or i got my new rifle and the girls ooh and aah over it. >> the documentary, the rise of the ar-15 premiers tonight. we interview a victim, a survivor of the aurora,

to josh lipton with the market flash. >> it is a sea of red but here is a spot of green for you. netflix, btig initiates coverage. rich greenfield talking about the improving price value relationship. sue, back to you. >> some mergers and acquisitions to report. dish offering to buy sprint for $7 a share in case and shock. sprint says the offer is 13% higher than the proposed takeover by japan's soft bank. >>> life technology is moving higher after the maker agreed to a $76 takeover. it considered two our bids as well. >> citigroup is on the move again today as well. the barlgs robds a bud revenue from its securities and investment banking business increased as well. simon, down to you. >> you have heard of some of the hedge fund managers who are in trouble. next, some hedge fund guys that don't have a lot of money problems at all. the richest in the world. that's ahead on power lunch plus. land, money, and opportunity for you. diana is live in washington. >> that's right. forget gold. the grand land rush is on. we will tell you which big public builders are poised so win it comi

josh lipton at the desk what are you watching? >> hey, melissa. j jcpenney, two headlines.ll ackman throwing down on the man he picked to turn around the retailer. the criticism is well deserved, ackman said today of ron johnson, ackman said. the retailer today starting to roll out its new home furnishing departments. that stock finishes up 2.5% today. melissa, back to you. >> josh, thank you. karen, jcpenney. you believe this move here, maybe there are signs of life. maybe this home goods rollout, better than expected. >> maybe. maybe. maybe a unicorn will dance through -- i don't know. i can't rule it out. but i just -- >> love unicorns. >> do you? >> rainbow unicorns,s herb esp. >> i'm sure the stores look fantastic. the problem is, the 90%, 70% -- >> unicorn. >> the rest of the store -- there, forget it. i'm covering everything. i love it. i love it. >> all right. let's hit our friday edition of pops and drops. the biggest movers of the week. a drop here for f-5 networks, down 17% on the week. beeks? >> most of that happened today it was because of earnings. it was a ba

david, back to you. >> thank you very much, josh lipton.yst who says netflix users now watch as much video per month as they do on the largest cable networks. an average bonus, he just initiated coverage with a buy rating. rich greenfield from btig joins us live next. plus as gold plunges over $100, are the technicals pointing to another leg lower? oui beec whichi checking the ch straight ahead. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline. we are southwest. welcome aboard. >>> concept of bundling has been foundational in the media business and flaws in the system are becoming apparent as it comes under attack by broadband connections and companies such as netflix. i sat down with liberty media's john malone and here's what he had to say about

to josh lipton right now with market flash. >> check out pandora, which is getting rocked today.chatter about apple i radio. now i spoke to analysts who cover pandora. a couple of points. we have heard such chatter many times before. and they say listen, even if apple comes out with a product it may not be bad news. a lot of pandora users are loyal and on android. ad rates are going up, monetization is going up. investors are sellers. pandora down 7%. >> i'm a big pandora fan. >> it is a miss for the jobs report. is that a bump in the road or something bigger. bank of america may be planning to add a tell chat system to some atms. [ male announcer ] at charles schwab, we've committed to setting the bar high by going low. tdd# 1-800-345-2550 like offering schwab etfs tdd# 1-800-345-2550 with the lowest operating expenses tdd# 1-800-345-2550 in their respective lipper categories -- tdd# 1-800-345-2550 lower than ishares tdd# 1-800-345-2550 and vanguard. tdd# 1-800-345-2550 and with all our etfs commission-free tdd# 1-800-345-2550 when traded online in a schwab account, tdd# 1-800-3

josh lipton has details on that. >> hey, carl. netflix is getting absolutely crushed here today.will tell you there is speculation out there that carl icahn is selling netflix. however, i just called and spoke with mr. icahn about this. he generally doesn't comment on rumors, but he says this happened several times over the past few months. he's starting to believe that there are people putting out rumors and trading on it. he told me he has not sold one share of netflix since buying it. icahn toll me he believes subscribers will sell more than the street estimates over time. netflix down 5% right now. back to you, carl. >> that's what they call ú value-added in the tv business. >> banks push to make more mortgage loans to people with weak credit. we're not talking about the financial crisis. this is a new report and rick santelli is on that case when we come back. we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: th

. >>> josh lipton has a quick market flash. hey, josh. >> a by intraday for raptor pharmaceuticals. small company. the news here, the fda approving an experimental drug treating a genetic disorder that causes irreese versible tissue damage, affects some 500 patients in the u.s. you can see the stop off the session highs, those still up more than 8%. tyler, back to you. >> thank you, josh. >>> ibm has raised its quarterly different. it's the 18th year in a row that big blue that is increased its payout currently trading up nearly $2 a share, again about 1%. >>> pfizer losing grown at 29.38, about a 3.5% slide, reporting weaker than expected phish quarter results, also cutting the outlook for 2013. best buy moving the other way, moving higher and significantly so, by nearly 8% at 26.12. multiyear high there for the electronics retailer. it is exiting europe, selling its stake in its joint venture there, to the partner car phone warehouse group, in a cash and stock deal valued at about $775 million. that was less than half what it paid five years ago for its stake in that joint venture

. >> let's go to josh lipton for a market flash. >> it is ripping higher on solid volume.s fifth and pacific exploring the sale of juicy cotoure and dough brands. kate spade would remain as the main company brand. that stock up nearly some 8%. back to you guys. >> the market is giving an opinion. thank you josh, very much. your tax return may be an invitation for identity thieves. a new turbo boosted scam is sweeping the nation. we will talk about that just ahead. and is the golf cart about to be a thing of the past? wait until you see what might be about to replace it. wow. >> coming up, power pitch. start ups give us their 60 second pitch. >> founder and ceo of binishells. >> we give you insight into the fast paced world of venture capitals. >> do these founders have what it takes? >> are you in or out? >> stay tuned to find out. ly ind every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helpe

i'm josh lipton. goldman sachs reports and beats analyst expectations, so why the selling today?poke to jeff hart. he says the stock enjoyed a nice run, two, elevated expectations heading into the report. three, the beat was equity driven. they don't get a lot of credit hard to sustain. he's hold on to goldman to get more bullish and would need to see a significant increase in the forward return on equity. expectations, goldman right now down 1.4%. michelle, over to you. >>> mr. new world, you sold your goldman position this morning after holding it -- >> i have had it for quite some time. everything jeff hart cited i agree with the reasons, but the trade revenue was lighter than i expected. i don't have a hold on goldman. my view of goldman is to be a buyer on the buyer of dips i'm outright right now. if it gets between 130 and 135, i'm back again. >> thank you, joe. we'll talk tech now. intel getting set to report earnings after the closing bell. with less than four hours to trade the name, ahead of the numbers, should you be a buyer? mike murphy is the bull. josh brown is the

josh lipton, a big focus on commodities. could the sell-off be the thing that ruins the rally?sk our next guest, jack caffrey, portfolio manager for j.p. morgan private bank, oversees more than $900 billion in assets. good to see you out here on the set. what's your read on this, on the rally and the context of commodity sell-off into the whole picture? >> sure. i would actually be see the commodities being the lagging indicator, what we've seen since the middle of the first quarter, economic surprises have been consistently negative. whether you look at the g-10, the united states, europe. to some extent, commodities are catching back up to slowing economic growth. i think the challenge there is thinking that what the pacing of that growth looks like. in our view, it looks more like a smile, a nice high peak in the first quarter, slow in the second, punky in the third, and hopefully accelerating into the fourth quarter. that's what you have to pay attention to. >> you see what it's doing to the market here. >> well -- >> if the commodity story starts to deteriorate even furthe

josh lipton has a moving to the leisure space.is shooting higher here. passengers shelling out more on tickets and entertainment. the company did say they saw some negative impact from adverse publicity. just one example t outbreak where people got sick. the most surprising thing to her, the company now seeing a slightly better outlook for europe. by the way, carnival also ripping into the green today. carl, back to you. >> all right. thanks so much. we should point out s&p is up more than ten handles. we're within four points of the all time closing high back from april 11th. currently at 1589. straight ahead, rick santelli will take us on a trip to southern europe for a little culture and an lesson on interest rates. on this very program, a live one-on-one with mcdonald's ceo donald thompson. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all par

i'm josh lipton. some unusual trading activity in shares of sim and tech.hey fell 10% in less than a minute. at approximately 10:11, shares were trading at2440. trading at the low on no news. this is a $16 billion security firm. somebody tweeted. shares right now down about 1.3%. >> sob call mark cuban quick. >> i don't know if simmen tech got a flash or what. to look at the stock, the stocks had a nice run, this has to be addressed. this problem where a company can lose this much market value in just under 60 seconds has to be addressed because no one's benefitting from this at all. >> let's move the conversation to chesapeake energy. its first reports and ceo stepped down. shares are down 5% since interim ceo stepped into the seat about a month ago. let's go around the horn. joe, what do you do with this battle? i guess i call it a battleground stock. >> company that continue does have to, have to sell assets. you want to be on the other side of the trade by owning the names that they're selling the assets to. so we've highlighted some of those names, one

josh lipton has more. >> the b.r.a.i.n.elp researchers produce dinamic pictures of the brain, show how cells and neurocircuit interacts and hopefully function and behavior. there also could be investment implications here. for help we called barbara ryan, the managing director of fti consulting. ryan says the impact of this any of tiff could be greatest on always hypers. remember, it is the most significant disease burden in high-income countries and expected to grow in developing countries. ryan says there's 1200 ongoing clinical trials, and some of the top companies in terms of dollars being invested in new therapies to fight alzheimer's, merck, pfizer eli lilly and roche. >> by the way, you might wonder why we bumped in with apple shares? because they have turned negative. >> quite a slide, pretty much wiping out almost all the run it had right at the open. >> here on "street signs" only people that you actually want to link with. one at a time. it's called link me. matt is here. you are wearing set device. >> i'm wearin

amid all of this, it's been a volatile day for stocks, with some big movers in the dow and our josh lipton has more on that. josh? >> hey, andrew, three big tech stocks t s on the move today. ibm, deep in the red. third quarter missed analysts projections. at least five brokerages cut their price target. that stock right now down some 8%. two other names to mention. microsoft, which after the bell yesterday told us that profits jumped 18.5% in the third quarter. revenue clocking in at $18.8 billion, driven by sales of the bing search engine and the xbox business. and cfo peter klein to leave at the end of fiscal 2013. a new cfo to be named in the next few weeks. finally, have a look at google also rising, saying its core internet business increased net revenue by 23% in the next quarter. at least six brokerages raised their price target on that stock. andrew, back to you. >> thank you for that that. coming up next, the latest developments from boston. and we have former new york mayor rudy giuliani. he'll react to today's manhunt. we're back right after this. we oversee 20% of the world's

josh lipton has that for us. josh, what do you have? >> bill, apple is marching higher today. at least one big name investor still is not a believer. jeff gundlach of doubleline said a year ago he was short apple. he spoke at the milken conference and said he's no longer short but he isn't buying either. it's cheap, he says, but overowned. no one left to buy. apple up about 3.3% right now. bill wk back to you. >> having a good day. thanks, josh. >>> federal reserve board members who support economic stimulus apparently have a new reason to initiate more easy money policies. our senior economics reporter steve liesman explains. steve? >> bill, you know, the main thrust of fed policy has for many years been the high rate of unemployment and the effort to bring it down. now we could hear new calls for action or at least keep doing the action the fed is doing. because the fed continues to miss and miss in greater amounts on its 2% inflation target. this morning the government said the fed's preferred inflation indicator, the so-called pce index, fell below 1% year over year to its

josh lipton president highs and the lowlights. josh? >> hey, there, maria.ay and tomorrow, two of the busiest days in this earnings season. let's get you caught up on some big names and how they've been doing. this first column right here, you're looking at companies who boat on the bottom line and the top line. that doesn't necessarily mean you pleased everybody on the street. case in point is apple. at least 17 brokerages slashing their price targets today, including lazard, ubs, and alliance bernstein. i'd also mention boeing, though, today. boeing did enjoy a nice pop, maintained its full-year guidance, pleasing investors. this second group here, now, this is an interesting group of companies. these are companies that beat on the bottom line, but they missed on the top line. one name, one example would be whirlpool. the ceo actually talking to our own carl quintanilla earlier today and the ceo saying the only place internationally he saw real, true growth was china. that stock down today, but still up about 80% over the past nine months. and procter & ga

i'm josh lipton. home builders flying high today. of new single family homes rose in march up 1.5% to a seasonally adjusted annual rate of 417,000 units following a drop in february. names like dr horton and pulte enjoying big hops today. >> good news for mike murphy who's a wlooebeliever. >> it's been a harrowing pull-back. they had a nice correction of 10% to 15%. you look at toll brothers and it was breaking down on the chart. now today it takes out the 200-day, 50-day moving averages. i think there is a lot of room left. >> how about netflix today up 25% after posting a blowout quarter. the stock back above $200 for the first time in three years. some on wall street are divided about where it goes next. rbc's mark mahaney says knicks is a winner. michael pactor says no way. welcome back. state your case, mahaney. you're first. >> look, we have a business that's on a trajectory toward generating 35 to 40 million u.s. subscribers for streaming business with expanding margins in profits. you have optionality out of the international

so josh lipton has today's winners and losers. josh? >> hey, there, bill.table losers in today's session. let's start with apple making a new 52-week low, slipping at one point below 400 bucks. analysts saying one catalyst for today's sell-off, that weak revenue forecast from apple's supplier, sirius cirrus logic. and bank of america also in the red. worst day for that dow component this year. posting profits and revenue that disappointed the street. and we were watching copper today, the red metal settling at the lowest level from 2011. freeport mcmoran down hard. fairway, priced at 13, above the range, open at 18 on the nasdaq, ticker fwm, surging some 33% in today's session. american express, the global financial services firm reported after the bell, beat on the bottom line, missed on revenue stock following in the after-hours. also reporting, ebay, the world's biggest online market place. first quarter revenue just missed, beat on the bottom line. the issue for investor, revenue guidance. bill, back to you. >> all right, josh, thank you very much. take

josh lipton breaks down today's big movers. hey, there, josh. >> a down day for the market, but there were spots of green here. your biggest gainer in the s&p. let's start with that. peabody energy. the coal miner reports a smaller than expected quarterly loss. peabody down some 23% this year, but gaining today. in fact. lucas pike points out other coal names moving higher as well, like arch coal, on that headline of nat gas coming in higher than expected. verizon also rising today. telephone company reporting a 16% jump in first quarter profit, adds 677,000 contract customers. wireless service margins expand to 50.4%. that's the highest ever. pepsi, another gainer, first quarter earnings fell, but revenue rose more than expected. the cfo telling cnbc that its expanded snack portfolio is doing very well in china. that stock hitting a new all-time high today. as for your laggards, morgan stanley reports a 14% fall in adjusted earnings, bond and trading revenue dropped on an adjusted basis. ebay also in the red, investors unhappy

josh lipton, breaking it all down for us. josh, the dow is almost for sure. what about the s&p? >> hey, there, maria. in the green, as we head toward the close here. let's review some of the highlights. we'll start with the blue chips. the dow hit a new intraday record high. this is the 12th time we have hit a new intraday record in just the past 20 sessions. as for the s&p 500, the broad gauge came with only three points of crossing its previous intra-day record high of 1576. remember, that was set in october 2007. there were also a lot of stocks making new all-time highs today. some big names there, including johnson & johnson, amgen, clorox, and news corp. guys, back to you. >> josh, thank you very much. so, we mentioned stocks may be rallying, but gold getting hammered today. sharon epperson with more from the nymex on details of this soc gen report. >> well, you know, investors love stocks, they're not really into safe havens right now and we're seeing gold prices really tumbling result, down 25 bucks today. and keep in mind, it looks like the bears are firmly in control. s

. >> josh lipton's watching the market as he always does for us u. what do you see now? >> check out jc penney, which is moving higher. 47% short interest. now, up some 26% since that low on april 10th of 13.55. jcp confirming today what david faber reported on friday, that the retailer had lined up a $1.75 billion loan arranged by goldman sachs. jcp up about 1.2% right now. back to you. >> it's worth noting look at the chart here that much of the move based on the news happened friday. right after david reported that with just about one hour to go. in fact, i can now support accord tog a source, demand looks to be so strong that pricing could be as low as five. goldm goldman's phone is said to be ringing off the hook. there's strong belief that the deal puts the company in a much stronger financial position. certainly will help's the street's position. already notes coming out from analysts this is two to three years of breathing room. what's the bear case? does anyone have one still? because it was predicated on the fact they were going to run out of money. >> and a lo