shares of macao casino operators took a beating after data show gambling revenue in the city grew at a much lower pace than expected in january. >>> moving on to currencies now, dollar/yen is currently at 101.22 roughly. analysts say traders are focusing on upcoming economic data out of the u.s. this does include a private sector jobs report on wednesday. meanwhile euro/yen is being quoted at around 136.74. the euro fell after december retail sales for the eurozone came in much weaker than what many economists had estimated. >>> morgan stanley has agreed to pay $1.25 billion to settle a case with u.s. regulators. the major u.s. investment bank is among 17 firms taken to court by the federal housing finance agency. and this is for selling complex financial products to state-sponsored home loan lenders without fully explaining about the high risk. the transactions on mortgage-backed securities between the firm, and freddie mac and fannie mae took place between 2005 and 2007 and this was at the height of the u.s. housing bubble. seven financial institutions, including jpmorgan chase, an

that's not vegas, that's now macao. and wynn is big in macao. and a cut on j.c.s this country denmark? did we wake up in europe? did i go back where i came from after living here for 40 years? i'll have my take on that in a moment having looked at the latest on obamacare. wait for it, my take next hourment i am disgusted. facebook users got a gift. for the website's 10th birthday, a personalized highlight reel made entirely by facebook. they read what you post, they assemble your profile and show it to you. and sandra smith is here. >> good morning. the whole thing feels invasive to me. you know? they're saying that we've been tracking your life since the second that you logged onto facebook. stuart: and here it is. >> it's a bit creepy, actually. stuart: yeah, it is. i mean, 1.2 billion users, so presumably they've got a highlight reel for 1.2 billion people and as soon as you ask for it, boom. >> the way they assemble this, they use the picture you use as the profile the longest or liked the most or your friends, put a thumbs up like the most on your facebook p

to see if they're willing to spend 10 billion to move into japan there on the second to macao with revenueeneration a lot of casino stocks are doing well. also the new high is today but look at that aero. now life lock protects identity but you have a law firm looking closely at life lock marketing and advertising practices and hour under investigation in moving to the downside about 7%. this is just beginning what shares have fallen 12% since the close to. melissa: that is a story to watch. cashing in to go corporate does not always pay off. the facebook baby loses luster s they leave for more secure pastors and that three hour service outage did not help. hour grew rude joins me for food can benefit great to see you. melissa: what do you think about this? there is facebook for tedium the kids don't think it is cool spinet that three hour outage was bad timing but twins a dental. clearly paying $90 billion for that app should have bought the extended warranty [laughter] but why do people think the empire owns it we will go elsewhere why it doesn't anybody else say they don't think the sam

looked on paper and then there is wynn, just four days ago the company gave us an all systems go on macao, the hottest mecca for gamblers and january numbers are soft. how can wynn tell us they are expanding like mad when there is actual weakness. i like wynn. i can't back away from it here. the stock dropped a quick four bucks. how about the sudden drop off in the 3d printing stocks, what darlings they were. when 3d systems, the dean of the group announced a short fall, sure, the analysts put a terrific spin on it, like they could cut and run, and sales are strong. the company has to spend more. that's all? wait a second, i thought the opportunity was so big that these companies were having trouble answering all their incoming calls for machines. not that marketing needs to be stepped up. the ceo pipes in on the release, quote, we are willing to tolerate the earnings reduction and even slight gross profit margin compression to substantially accelerate our growth rate and market share, end quote, but are the momentum oriented shareholders willing to do so? arguably not or the stock wouldn

we think actually one of the greatest pure plays on the emerging consumer is macao. that's growing at 15%. >> the gambling stocks? >> casinos. basically, those companies are growing 15%. there is only four companies you can invest in. the government is recycling 40% of the money back into infrastructure to make it so that visitors can come in more easily. we actually think the mass market is going to be huge over the next five to ten years. >> you like names like wynn resort and building materials such as usg corporation. got to leave it there. thank you for joining us. >>> janet yellen on capitol hill today giving her very first testimony as fed chair. let's get to steve liesman with the highlights. you can even give us the lowlights if you like. >> the key is giving. it's still going on. there's a second half here and i think yellen may have run out of time-outs. couple things. she is not seeing bubbles in stocks although land prices were substantially overvalued and they are going to be monitoring asset prices carefully. she said this a few moments ago. earlier, s

macao's gross gaining revenue, up 7% in january, its lowest growth rate since october 2012. you can see the screen red across the screen. back to you. >> thank you, seema. >>> the etf that follows the dow is now down almost 7% year-to-date. the etf that tracks the s&p 500 down 5% this year. the qs track the nasdaq and are down 3.5%. how do you win when the markets lose? bob pisani and dominic chu are working that for us. dom, i will start with you. you really looked into this whole theory of how you can profit from the market going to the down side. >> either profit from it or hedge some of your exposure if you're long stocks because if those stocks are going down, you want an investment that goes up to counteract that loss. take a look at the volatility index, the vix, the fear index. this uses options prices. we won't get more complicated than that. it uses options prices to gauge what the volatility picture's like for stocks. you can see it's been up and down all over the place and it has spiked up just recently over the past few weeks. if you take a look at a more near t

the real story in gaming is macao. macao is now a seven-times larger than las vegas.d there's no supply for the next two years. gaming looks great to us. companies to invest in there include wynn, empel, mgm and las vegas sands. >> you like comcast, our parent, too. dominant market position and pricing power. >> yes, basically comcast will have 30 million subscribers. they're able to raise prices about 4%. they are actually paying, believe it or not, content increases in terms of the likes of espn. this is a company combined with time warner cable that will basically throw off 15 billion of free cash flow. this is a cash flow machine. >> i think of years ago, i remember a guy, 1990 said if you can't buy airlines, he was early. when we get discretionary dollars and for leisure as the whole world, you know, the standard of living goes up, don't people travel? isn't that the one luxury thing they do? hotels and airlines seem like a long-term bet. >> that didn't make sense. >> until a couple years ago. once again being early. you think the airlines are a place to be and s