joining us now is lindsay bell, investment strategist from cfra research.indsay, good morning to you. your main take away from the numbers? >> the most incredible thing about this is the stock's reaction. down 3.5% now, down as much as 4.5% last night. this is a company that beat its earnings per share estimates by 7%. it's a company that's been scrutinized up and down about its free-wheeling spending habits and willingness to invest in the company in the future of its businesses. this is the seventh quarter in a row that we see profitability from the company. the stock is down on a revenue miss. that's kind of interesting. a change of sentiment here. >> does that suggest to you that investors are starting to pay more attention and expect more from amazon as it goes forward, weighing profitability and expansion? >> i think it's the expectations were just too high on the top line from the get go for amazon. analysts took earnings -- excuse me, sales estimates to the top of the guidance range management provided when the last quarter results came out. when th

lindsay group. >> closing countdown. >> after the bell, financials soaring on the financial order to take apart the dodd-frank law. we'll take a closer look at when some of the changes could actually get done. that has to happen as well. you're watching cnbc first in business worldwide. ismy rirem ri rir e yoenti epar? nenetire plner titid e ismy rirem i'm s aednvin ves ri rir veste*ad instate is...n st >>> just inside the three minute mark here. what a week we've had here. remember last monday was the worst day of the trading day -- of the year so far for 2017, and today is the best trading day of the year so far. net-net we're back above 20,000. i saw a few hats, down 20,000 hats on the new york stock exchange as we move above that. maybe i should point out also of more importance is the nasdaq now at an all-time high. this rally has pushed the nasdaq back into record territory at 5664. volatility for the ten-year yield within a tight trading range. let's not get too carried away. today alone a five-day chart. this morning after the jobs report came out a plunge in yields and then we came back. w

lindsay speaking with us in a few minutes. we'll discuss yellin's testimony with him, and talk about why he thinks the economy really is sick. that's coming up in a moment. >>> joining our closing bell exchange today. we have david sourby with us. and rick santelli in chicago. david, so what do you make of yellin's remarks today. >> probably the right medicine, that the fed needs to raise interest rates and inflation rates are 2%. unemployment rate is closer to full employment, and the fed has been in monetary overdrive for the last several years and they need to be mindful of keeping inflation rates low, at 2% inflation, that's good for stocks. simply put, when inflation goes to 3 1/2% or higher, it becomes very problematic for stocks. >> rick, we've seen reaction in the bull markets today to that slightly hawkish tone, quite a marks move for example in the 10 year since the lows have lost, i think we ran 2.34%. are we breaking out on the upside today with the extra move? >> i think there's been a bias to the upside, but you're exactly correct. 2017's range is 230 to 260, we did hold the lower band. which means my opinion will probably gravitate toward the upper band, but remember,