mary thompson, thank you very much. mary thompson at jpmorgan today. gold prices climbing to three-month highs as the euro and the stock market gained ground today. stoked by an upcoming european bank move to offer cheap money to companies starved of investment capital. we'll likely see the ltro program announced tomorrow. gold prices settling up at $1,787 an ounce. still talking about $106 a barrel oil. experts say it could lead to demand instruction which led some investors to take money off the table. get ready for another round of ipad mania. ipad expected to unveil the next generation in san francisco next week. word on the streets, the new ipad will have a quad core processor. wall street certainly welcomed the news. the stock at another all-time high tonight, closing up 1 #.8% at $135.41 a share. only one more day of trading left in the month. the dow and s&p 500 on track for the best february since 1998. averages all gained better than 20% since the october lows. so can this really continue? are we due for a correction? what's behind this munlt

mary thompson, minus the hoodie footy. private joke. >> minus the hoodie footy forever. >> the day you are in a hoodie footy. >> we are looking forward to -- sglp wh >> what is going on? >> wed a nice day today. the markets are close to the highs of the day, interesting you should note that the s&p 500 is hitting an area of resistance, it's been in a channel lately so investors are wanting to see if it can break through. we have seen strength throughout the day and industrials made a late day surge led by a couple of different companies. as we head toward the closing bell, industrial stocks among the better performers. some talks, or reports that the company is looking to sell some of the flow and control businesses. something that could raise $3.5 billion, so the dow getting a lift there. a couple other stocks, amerisourcebergen, cfo stepping down, he is being replaced by t t thecomp tro lcht lor and debolt, their results provided a positive forecast for the year ahead. rail roads, most of them were weaker today, because

mary thompson has more on that story now. mary? close, the s & p moving very close to break even now, thanks to the strength that you mentioned in the energy sector, which is one of the ones higher today, up 1%. telecom making a late move to the upside, helping to offset the weakness we are seeing in materials, health care around utility, financials, actually among the early losers as well today. dig deep near what's happening today. first today within the sectors, material stocks under pressure amid general weakness in commodity, monsanto passicing t decline. financials facing a decline. tech sector is lower as well, on the fourth time this year that the sector has been in the red. now, turning to the sectors in the green, energy, as we mentioned earlier, this despite crude slide today, the sector has been the best performer, as bill mentioned, up a little over 1%, helping contribute to that gain today, alpha natural resource, up 3.3% on the news that it is going to be cutting coal production, reducing output in fours because of w

mary thompson is in bob pisani's shoes at the nyse. rick is in chicago. mary, what are you watching right now? >> right now we're about 12 points from the highs of the day. the dow up 73 points. what we've seen today, mandy, is pretty much a continuation of what we've seen throughout the year. today volume very light right now consolidated volume about two billion. keep in mind on average through january average daily volume has been a little less than four billion. so, again, not a lot of participation today. nevertheless, what we're seeing is financial and telecom stocks pacing gains throughout the day. look at some of the dow components leading the way. the retail index hit a multi-year high today and at&t and verizon contributing to the gains in telecom stocks. the area that hasn't really participated today, that being the utilities. they've been a bit weaker amid an overall upward trend in large part because we had positive news with the greek parliament passing that austerity budget earlier today providing some relief about the concerns over europe.

mary thompson is in foxboro, massachusetts, brian shactman is in new jersey, right behind us, basicallyat metlife stadium. mary, you're up first here. make your case. why is new york a better tech city? >> well, before i make my case, sue, i want to make my kick. i had to take advantage of this. i'm here all by myself. how about that? >> yeah. nicely done. >> anyway, it was like an extra point, right? but here's the deal. no matter what happens in silicon valley, everyone still has to come here. they want to go public, they have to go to the nyse or the nasdaq and beyond that in the last two years 400 start-ups in new york, 140 of those were either internet or software-related. and beyond that, big names are big footprints. google, twitter, facebook, but you also have four square, tumbler, gilt group. all based here. few more nuggets for you in 2011 $2.2 billion spent involving 262 deals. that's about half a billion more than boston, by the way. in terms of innovation, 3,000 patents a year awarded to people and businesses in new york. and from 2005 to 2010 bioscience grew here more than

cnbc's mary thompson.on kudlow, the most important nonpresidential election coming up in this country. should this courageous governor be tossed out of office for taking a constant against government worker unions or will he be the first governor re-elected twice during his first term? my exclusive special guest next up on "kudlow." [ woman ] my boyfriend and i were going on vacation, so i used my citi thank you card to pick up some accessories. a new belt. some nylons. and what girl wouldn't need new shoes? we talked about getting a diamond. but with all the thank you points i've been earning... ♪ ...i flew us to the rock i really had in mind. ♪ [ male announcer ] the citi thank you card. earn points you can use for travel on any airline, with no blackout dates. my journey continues across the golden state, where everyone has been unbelievably nice. mornin'. i guess i'm helping them save hundreds on car insurance. it probably also doesn't hurt that i'm a world-famous advertising icon. cheers! i mean, wh

mary thompson is at the new york stock exchange. good morning. >> good morning. the dow jones industrial average is 96 points below 13,000, a level it hasn't seen since 2008. the slow but steady rally on wall street over the last four months also pushing the nasdaq to its best level since december of 2000. this as investors continue to await a debt deal to prevent a messy default in greece. back to you. >> mary thompson, thank you so much. the colbert report has suspended production. shows have been stopped for at least two days t. pause was due to unforeseen circumstances, but did not elaborate. sources say it could return next week and that the tapings were cancelled due to an emergency in stephen colbert's family. it's 7:07. now back to matt, savannah and al. we wish him the best for his family. >> absolutely. mr. roker, how are you? >> i'm pretty good. heavy rain in the pacific northwest. another storm system will bring anywhere from one to two inches of rain in the next 48 hours and some heavy mountain snows through the cascades. as we move further to the ea

now to mary thompson as the new york stock exchange. what's going on today?in case you missed it there's been a stealth rally on wall street. all three of the major u.s. indices up since october. this as europe struggles with weak growth. the eurozone economy contracted in the fourth quarter. five of 17 countries that share the euro currency in recession including greece where officials continue to work on securing the second bailout for the country. back to you. >> mary thompson, thank you. >>> a warning from the president for the gentlemen out there. the commander in chief told a press gathering in washington, d.c. not to forget that tuesday was valentine's day. the first lady's husband lived up to the announcement taking the first lady out on a dinner date and wishing her a happy valentine's day on twitter. >>> as you saw already, there is a lot of dog in a small package. a lot of hair as well. a pekingese named malachai won best in show last night, wowing judges with his flowing locks and smushed-in face. he's here and will join us live in studio this mor

mary thompson, what are they saying at j prkpmorgan chase?>> bill, i want to start right now, with the head of the firm's investment bank, talking to the group assembled today. and he addressed one area of concern for all the big banks, that being regulations, that being the volcker rule. he believes a number of ambiguities in this rule are going to be worked out and that the bank is going to be just fine. keep in mind there is concern that the volcker rule is going to impact the profitability of the market-making or constrain the market-making operations of these banks. but he believes because countries, including canada and japan, and germany have expressed concerns about the liquidity pressures that could come to bear because of volcker, he believes those ambiguities have been worked out. that being said, he also provided investors probably with the most detailed look ever at a bank's trading operations, breaking out by product what jpmorgan makes by revenue trading these products every quarter. it's heavily are on the derivatives business

. >>> i'm mary thompson. here's what i'll be watching for thursday. reports its 4th quarter results. investors will wait to hear of improvements in the company's core property and casualty business. >>> before we let you go kwb let's recap the day on wall street on this quick market stat check. the dow industrials snapping a three day winning streak. bringing concerns about a recession overseas. when all was said and done, the dow gave back 27 points or a fifth of a percent. meantime, the s&p 500 slid about five points backing off from the neighborhood of a ten month high in financials and teches. and ripples through the nasdaq composite which drops half a percent. despite the pullback, the major averages are on pace for the best january and family member percentage gains since 1991. >> that is astounding. well the stock we're watching and i'm sure the "fast money" gain will be all other this one. the bottom line earnings beat expectations by a nickel, came in at 92 cents a share. the revenue was a little bit light. and stocks off those lows right now

. >> thank you very much, mary thompson.ll have an analyst later on to go through the caesars ipo. before the break we asked to guess which concert tour and city were the third most popular this year. and the answer -- >> whoa whoa! >> slow down. >> why? >> are you going to give the answer out? >> yes. >> that lady. gaga. >> yes. eni should say karen guessed it first. she did. and that was correct. it was the third biggest tour of 2011 based on gross ticket sales. number three on the list of rocking cities. >> mins? >> miami. miami. which karen finerman also guessed correctly. >> bar is low, guys. >> doesn't take too much. >> '80s music trivia, who owns that? >> sadly, you do, timmy. >> okay. let's move on here. the big fight between walgreens and express scripts. by 20%. citi's made the call comes to us on the line. you base a lot of this on channel checks and the reaction of some of the employee plan s pns. >> yes. exactly. we did a detailed survey with our analyst. which showed some very surprising results. >> all right.

mary thompson is in foxboro, massachusetts. brian shactman at the met life stadium in new jersey. we start with mary. >> maria, wall street should want the patriots, because quite frankly, they're the better team. as for boston, it has advantages over new york. lower unemployment, lower taxes, high-tech and biotech companies returned double-digit gains for investors over the last couple of years. but these arguments fell on deaf ears. so i'm breaking out the big guns right now. maria, this is why you and other investors should want the patriots. tom brady, 199th draft pick, passed for more than 5,000 yards this season. quite frankly, for us females, he's easy on the eyes. as far as how the markets have done the day after the pats' three super bowl victories, two wins, one loss, advantage pats. i'm going to send it over to my colleague, who like me is a boston native. i'm joined by my friend tom here. tom, let me ask you, what do you call a boston native who spends all day talking about new york and a sports team? a traitor. brian, over to you. >> i call that a winner. i'm on the g

our mary thompson is at the big meeting in new york city with the major headlines so far. hey, mary. >> reporter: hey, there, tyler. jamie dimon will be addressing the afternoon later this afternoon. investors are waiting for what he has to say. but earlier this morning, the cfo kicked things off outlining a number of targets the company has in mind. he says over time they are expecting the company to earn $24 billion a year. you could take that to mean over the next two to three years once they get a numb of issues about the mortgage and the housing market behind it. that would be a 25% increase from the $19 billion that jpmorgan earned last year. also the return on tangible common equity raised slightly to 16% from 15%. and the cfo forecasting for 2013, expenses at flat around $42 billion. he said that over time, two to three years out, you're going to see about $10 billion of loan loss reserve releases from the bank. and lastly addressing one issue analysts were concerned about, where's the revenue going to come from? bronstein pointed out that both international as well

♪ amen, omen >>> fete back to mary thompson. >> yum brands is up 2 1/2% in the afterhours session.y a penny. same-store sales rising a modest 1%. its growth this year. moving on, up a healthy 11%. this couple which also has dvd kiosk is well ahead of estimates. and will pay $100 million by the dvd business assets. ncr is up over 7% right now. the maker of atm is reporting a loss but an optimistic outlook for this year. well ahead of analysts' forecasts of $2.18 a share. it actually missed analyst forecasts. analysts were looking for 64. and anadorko shares higher. 23 cents ahead of estimates. revenue also topped estimates. stock actually moved up, come back up 1.3% right now. revenue beating estimates by half a billion dollars. pmc sierra down this afternoon. revenue fell to a less than expected $152 million for the quarter. maria, back to you. >> thanks so much. up next on the "closing bell," we'll tell you why panera bread hit a one year high today. then what to watch out for tomorrow. stay with us. ttd#: 1-800-345-2550 what every trader needs. ttd#: 1-800-345-2550 like streetsma

we are going to check in with cnbc's mary thompson and joins us more with in a and the rest of the day'susiness headlines. mary, good morning. >> good morning to you, barbara. we were mixed earlier and just recently stocks turned lower across the board today. this as investors continue the waiting game for some kind of resolution to greece's debt crisis. rate now the dow is off 55 points, s&p is down about four. and then nasdaq is down ten. without any major economic reports today, investors are focussing on the earnings reports from a number of big named companies including time warner. media giant posting stronger than expected profits thanks to strengthening its cable netted works and last harry potter movie. a different story, though, for disney, weakness at movie studio, strengths at the theme parks earnings for the entertainment giant fell short of expectations. still the stock is higher today. sprint on the iphone proving costly. nation's third largest wireless company reporting $1.3 billion loss in the last quarter. as the cost of subsidizing clients' iphone purchases to complete

we'll check in with cnbc's mary thompson who has more on that and the rest of the day's business headlines good morning to you. as greece continues to dawdle over a deal to restructure its debt, stocks are under pressure here today, down about 38 points, the s&p down just over three and the nasdaq is down seven points. despite the lack of resolution in this ongoing greek debt drama, u.s. markets have actually proved fairly resilient lately, the s&p up five straight weeks off to its best start for the year in well over a decade. now this morning though there are minor losses for stocks and among those in the news and trading lower -- boeing. down over 1% on news of a production problem with its much delayed 787 dream liner jet. it's delivered five of these planes already but boeing says that the current problem does not pose any kind of safety issue. fourth quarter profits for toymaker hasbro declined under double digit declines in sales of girls toys. it is raising prices by over 5% in some departments in order to cover labor costs. >>> the restaurant chain o'charley's is up, being acquire

mary thompson at gillette stadium in foxboro, mass. n is going to make the case for new york. mary, making the case for boston. mary, ladies first. >> thank you, brian. there are two ways an investor would have made money in the last 12 months. first would be betting that the patriots would make it to the super bowl, second would be betting on massachusetts stocks. take a look at the bay state index. 157 companies in it. up almost 10% over the last 12 months. easily outscoring the s&p 500. so what was the hottest stock in boston? which one had big gains in the last year? which one blew away the rest of the field? it's a biopharmaceutical company called ie dentics pharmaceutical. the stock up about 190% in the last 12 months. new york may have wall street's big paychecks, massachusetts investors get big payoffs investing in the region's thriving tech and biotech industries. take a look at other performers all up more than 80% over the last 12 months. of course boston may not be home to a ton of blue chip names, but keep in mind it should

cnbc's mary thompson joins us live with all of that and the business news as well. >> the u.s. higher around midday thanks to some positive signs on housing. stocks are recovering from earlier declines spread by worries about the eurozone economy. right now the dow is up 18 points, the s&p up two points extending its gaines from friday when it closed at its highest levels in nearly four years. the nasdaq is up just about five points. earlier this morning the markets were weighed down by the continued health of the eurozone after go-20 leaders rejected a call from the eu officials to add to the imf's emergency fund. they said they won't do it until you members increase your contributions. stocks turned around in the last two hours following the release of another piece of positive economic data. the national association of realtors reporting january's pending home sales rose to their highest levels in almost two years. >>> speaking of the housing market, the nation's second-largest home improvement retailer benefiting from warmer than normal weather this year, lowe's reporting s

. >> thanks, mary thompson. a bit of an irony going on here.ren buffett on the one hand talking about how he feels the economy's improving and his favorite bank stock wells fargo. we were talking to wells fargo ceo not so long ago that kind of feels the opposite. feels small businesses aren't feeling the economy is improving. >> this is exactly my point. this is what gets lost in translation here. you have buffett and others coming out saying the economy's improving. the numbers look like they're improving. when we had the ceo for wells fargo here for private off the record, i got him to go on the record for this purpose to talk about this, i said to him, i said, we're in a little meeting, i said, hey, i don't get this. the numbers show everything's doing well. and now warren buffett who absolutely loves wells fargo is telling me everything is doing well. he says don't buy it. don't believe the numbers because he says when you look at the small businesses, they're not doing so well. he said until they're doing well, this economy will really not

mary thompson joins us now with the highlights. >> hey, tyler. among those what will improve among the housing market, the recent services settlement with the attorney general. two of the five companies signing a multibillion sett settlement over claims the banks didn't handle foreclosures properly. >> the $26 billion will put money in the state's pockets and people's pockets. we'll do modifications that we've been doing. so it helps. it's not everything. it will help. >> what also will help doing something with the almost 650,000 foreclosed properties. bausano says in the coming year it's expected there will be a concerted effort by the government investors and banks to rent these properties. >> we're all working on it hard of homes moving more to rental. you have a lot of inventory out there. and i do believe everybody's working on it hard and thinking about an reo rental market. once we get through that, i think you will see a more normalized home ownership rate. >> the market may not be norm alized now but he said he believes it's at a bottom

let's get more details, mary thompson. hey there. >> hi, brian. the weakest having no impact on the markets. the dow actually ticked up a bit here up 63 points. although another light volume day. 1.6 billion in consolidated trade. that is fairly low volume. something of course we've seen throughout this year. the s&p is up 7% this year. we've seen this very slow and steady march upwards in the markets even amid very low volume. quick check of the dow movers. the story is financials. these are among the better performing stocks today. telecom, industrials and consumer discretionary. utilities really the only one that's been moving down at all during today's session. and within the dow components predict bli bank of america and jpmorgan leading the way foll followed by pfizer. united technology up too. reports say the company is thinking about selling its flow and compressors business, something that could fetch about $3.5 billion for that company. quickly we want to point out that the retailing index has hit an all-time high recently helped in gain

back to you. >> thank you very much, mary thompson.y mentioned chesapeake and their efforts to monetize assets and raise about $1 billion in seven-year bonds. they're getting ready here. and they're also saying they're ready and willing to cut production. >> this is so important. a lot of people have short chesapeake betting that 2012, 2013, they would have a liquidity problem. i think that aubry mcclendon is taking the liquidity problem off. i think nuclear power in this country is so dead it is scary. coal, really struggling. epa against coal. i continue to want to keep nat gas in front of you because i believe it is bottoming and i believe that that's happening because of shut-ins and aubry mcclendon is leading the way. >> you think we've seen the lows? >> i do. and don't forget that warm winter play. if president obama is reelected, you can just basically say nat gas is the fuel of our future, including for surface. surface is big. >> let's get a cheikh on bonds and the dollar, check in with rick santelli at the chicago cme. rick?

mary thompson is there with the latest. good morning. >> hey there, carl.ill be taking the stage later today but investors are curious to hear from the outspoken ceo. investors appear to be fairly cautious right now despite buffett's comments yesterday. in the interim, taking the stage and giving their outlook on a number of issues including capital allocation and revenue expense outlook and a mortgage scenario that dimon said the bank is getting killed on. key points that he brought up for 2012, net interest income and net interest margin will continue to come under scrutiny and what he calls the flight to quality deposits that are not sticking. the banks can use these deposits to make loans. that means they are not exactly profitable for the bank. that's continue to pressure and expenses are flat for 2012 and as far as revenue drivers, he pointed out the national business as well as loan growth. lastly, the bank s continue to look and make acquisitions in this regulatory environment. he touched on the exposure to the euro 5 or how ever you want to put tha

let's bring in mary thompson who has details on european companies coming to the u.s. >> the health ofillion of high-yield bonds sold here in the u.s. a level well above those seen in the last three years and above what strategists say is typically 15% of the market. why are european companies coming here to issue their high-yield debt? some say loans are tougher to come by at european banks. but more important, it's the death and the improving health of the u.s. debt market. now yield hungry investors are back scooping up high-yield debt roughly paying 6.5% above the yield on a comparable treasury. while issuers of the bonds pay a relatively low absolute rate of 7.5%. given the much smaller european high-yield market, european firms are taking advantage of the favorable rates and strong demand here in the u.s. market participants say the quality of their debt is comparable or slightly better than that issued by u.s. firms and is typically sold by european companies with u.s. operations and cash flows. but one other theme of the european high-yield invasion, traders say it's easier for

carl, back to you. >>> mary thompson, thank you very much.nutes to go to the close in europe. ftse has been down. we'll see how it closes today. [ tom ] we invented the turbine business right here in schenectady. without the stuff that we make here, you wouldn't be able to walk in your house and flip on your lights. [ brad ] at ge we build turbines that power the world. they go into power plants which take some form of energy, harness it, and turn it into more efficient electricity. [ ron ] when i was a kid i wanted to work with my hands, that was my thing. i really enjoy building turbines. it's nice to know that what you're building is gonna do something for the world. when people think of ge, they typically don't think about beer. a lot of people may not realize that the power needed to keep their budweiser cold and even to make their beer comes from turbines made right here. wait, so you guys make the beer? no, we make the power that makes the beer. so without you there'd be no bud? that's right. well, we like you. [ laughter ] ♪ ( >>> a l

amy, back to you. >> mary thompson, thanks so much. >>> "the colbert report" has suspended. shows have been canceled for at least two days. the network says the pause is due to, quote, unforeseen circumstances, but did not elaborate. sources close to the show say it could return as early as next week, and the tapings were canceled due to an emergency in his family. it is now 7:07. let's head back to matt, savannah and al and let's wish him well and the best for his family. >> thank you very much. >>> we have another day to talk about heavy rain moving into the pacific northwest. another storm system will bring anywhere from about 1 to 2 inches of rain in the next 48 hours, and some heavy mountain snows through the cascades. then as we move further to the east, we've got a risk of strong storms from brownsville to corpus christi. we have flood watches up for houston. first time since september of 2010. look at the heavy rain making its way through the gulf. rainfall amounts in parts of texas anywhere from 2 to 3 inches and could cause flooding and also heavy rain in northern

now to wall street and mary thompson at the new york stock exchange for us.morning. >> good morning. after a down week on wall street last week investors looking at this week's economic and earnings reports to provide direction to trading. the numbers will include figures on retail sales and consumer prices as well as earnings from general motors and avon products. this year love and money is in the area on valentine's day. the national retail federation saying on average americans will spend $126.03 each, the most they have spent on valentine's day in a decade. back to you. >> thanks for the reminder. >>> the grammys began on a somber note in memory of whitney houston but it was a night of recognition for british soul singer adele who spent the show. she was nominated for six grammys and won every one of them including album of the year. the evening was her first live performance since undergoing vocal surgery. other performances included katy perry, nicki minaj and three members of the beach boys reuniting to perform with maroon 5. good performances all aro

and marie thompson from gering, nebraska, 102 years old, the life of the party and believes that yous out here. and adeline chorches of west hartford, in the great state of connecticut, along the fabulous south shore. she loves to do all sorts of things in her life that makes people happy. and she loves the connecticut river. goes down there with her family all the time. a beautiful river, unbelievable. raymond schomer of novi, michigan, 100 years old today. is a retired welder. an engineer in his own right. his secret to longevity, serving under people. muriel katz of great neck, new york, is 104. loves to watch the new york mets on television and spends all of her time with her beautiful daughter. how about that. that's it. that's all from the shores of the gulf of mexico. back to you. >> willard, thanks. up next, the quest to look younger, we'll unlock beauty secrets from around the world. but first, this is "today" on nbc. ♪ >>> back now at 8:38, this morning on today's beauty, secrets to looking younger from all around the world, from brazil to india. it turns out the fountain o

mary thompson is in foxborough, massachusetts, and brian shactman east rutherford, new jersey, outsidee for boston as an economic power and brian will rebut with statistics on new york city and joe and andrew will declare the winner. >> reporter: wes welker's smaller size belies impressive strength. boston is a quarter of the size of new york but consider the 470,000 in per capita output generated by its 618,000 residents crushes that of the 135,000 roughly per capita output generated by the 8.1 million new york residents. 33 titles for 8:25 each for those four teams, compare that to the 7.4 average for the new york city's seven professional sports teams. the unemployment 6.8%, below the national average and empire state and 2010, boston's economy grew 4.2%, the fourth fastest pace among major u.s. cities here and also here you have to keep in mind is that being superior productivity. boston's economy is almost back to pre-recession levels even though there are 100,000 fewer workers employed at the bay state. give me a p-r-o, productivity, that's the hallmark and because the workers ar

cnbc mary thompson has more. >> in battle for talent, the west isn't winning, it's more of a draw. year ago. >> the allure of wall street has diminished. the sexiness has diminished. it's a tough business. right now it's a brutal business to be in. >> as a result, sloan says wall street is working harder for less pay making it less attractive. profitable is squeezing pay. wall street's paychecks now tied more closely to a firm or unit's long term than short term performance. of course this has bean hallmark of silicon valley where cash starved startups pay in stock and giving an edge to tech where an engineer may earn most of their $2 to $10 million in stock while a wall street million a year is split between cash and stock. if you're an engineering graduate in the top 1% you would be insane to go to wall street and that was probably not the case five years ago. people aren't fleeing finance. since 2002 employment has grown 2.2% contrafrting with a decline in nonmanufacturing tech jobs. recruiters say wall street and silicon valley aren't at odds. the industry jobs require differen

mary thompson is back at headquarters with more on that. mary? >> thanks, melissa.dimon put in charge to fix the bank's mortgage business. the chief administrative officer now says the worst is behind them. >> i think it's at a bottom. i think it's at a bottom. >> when you say you believe the housing market has -- has bot m bottomed, what are some of the signs you've seen that have led you to this conclusion. >> first of all, when i look at the sales data, the sales data shows that the distressed sales are performing better than they used to and nondistressed sales are performing much better. more importantly when you look at inventory, delinquencies are down more than 28%. customers in the modification process are down 49%. you see a shadow inventory moving down. you see reo moving down. those are all factors, when you take those factors and then take home sales prices and put them together, you get to a conclusion, it's close to the bottom. >> can you tell us how long it will bounce along the bottom? >> i think we'll stay at the bottom for a while until we get thr

mary thompson will be exploring the angle on "squawk on the street." >> does that mean there's a brain >> i think it's been expected. since the first tech wave there's always been this desire to do something different, the culture of wall street has changed a little bit, the security isn't so much there as it used to be and, you know, you are seeing layoffs, pay cuts. it's not really the pay off that people thod it would be. >> when you talk about facebook people are talking about the tech bubble 2.0, so there's that allure as well and the promise of big bucks whether it's true or not, it's completely not relevant, but i guess there's that as well. >> and, you know, i think it's interesting to look at and one thing that mary will look at is what percentage of the people actually chose to leave their jobs on wall street and go down a more unorthodox path versus those who were actually laid off and said, do you know what, this isa catalyst. >> joe said it, why emasculate wall street on valentine's day. >>> he's calling on conservatives to take back the definition of fairness, we are goin

thompson with the steal. finishing with a slam. 19 for the rookie. warriors win 109-101. >>> number 16 st. mary's, visiting conference rival, gonzaga. a lot on the line here. it was all about a kid called kevin pangos. good for three for the zags. and another three beyond the arc. five for five in his first five tries. finished with 27. zags win, 73-59. >>> st. mary's trying to win their first outright west coast conference title since 1988-98. but the next best college hoops team in the bay area. >>> the raiders released defensive back stanford robinson. >> thank you, jim. >>> up next, jeremy lin. ♪ okay, so who ordered the cereal that can help lower cholesterol and who ordered the yummy cereal? yummy. that's yours. lower cholesterol. lower cholesterol. i'm yummy. lower cholesterol. i got that wrong didn't i? [ male announcer ] want great taste? honey nut cheerios. want whole grain oats that can help lower cholesterol? honey nut cheerios. it's a win win. good? [ crunching, sipping ] be happy. be healthy. can i try yours? >>> his star power is growing. tv networks in china are buying rights to te

thompson. he's an r&b record producer whose work with everyone, the likes of sean combs, mary j.ge and faith evans. are you there? thank you for calling in tonight. >> my pleasure. >> reporter: so sad to talk to you under those s. i understand you are at the beverly hotel where whitney houston was found dead, is that correct? >> yes. we were pulling up and didn't know what was going on. >> set the scene for me, the mood of what it is no. >> and it's a tragic situation. this -- and for this to be, this gram hi situation is a real -- grammy situation, this is a bad vibe. >> hotel us about whitney, how you worked with her and what you know about her from the industry? >> i haven't worked with whitney. we hung out a couple of times. she's a good friend of faith evans and i am actually out here working with faith as well and i went past her practice yesterday. >> uh. >> and she was letting me know that show hung out with whitney thursday. they hung out and spoke. she was like i bring out the jersey in whitney, you know and it's weird to hear the news today. >> it really is. you know,

thompson i love that. wore yours third road win of the season. i don't know what i'm talking about. 109-101. college hoop st. mary'sto remain perfect in the west coast conference visiting gonzaga. king of the lead. spokane fired up. yes let's paint ourselves. st. mary's hurn them early. where is waldo. jordan page to waldo inside. launching 3 early. chris but just grabbing fire. bag up 3 at the half. second half. to waldo. up 2 but the zag so hard to beat newspaper spokane. gary bell junior knock it down and right now gonzaga leading. west coast conference santa clara trying to snap an 11 game losing streak at usf. determined on the gate. clark. santa clara scored the game first 11 points hear come with the shop. a jumper. 71-64. pack 12. stanford and ucla and andrew luck in the house. sloppy early. the steal. gets back to the lane here. ucla led by 14 early after 19-2 run. stanford chased down ran doll. hits the 3 as time runs out. cardinal in 3 at the break. ucla check out jones. this is really pretty. on the run behind the back pass. jeremy anderson. and ucla leading 56-53 in the second half. cal defeated uc s 7

thompson tried to sell the stolen property at pawn shops throughout the area. >>> it's official. flu season is here. but it took a while for it to start. marya has a new report. >> reporter: the cdc is reporting an uptick in the number of samples being positive for the flu. it is compared to almost 8% the week before. researchers say these numbers suggest they are just off to a late start. this is only the second time in almost 30 years the percentage of positive test samples was under 10% through january. denise? >> reporter: thank you, mary. flu season typically hits as early as october and can hit as late as may. >>> we had a very nice day today. can we see some rain tonight? we'll has weather and traffic together. bob turk is here now with the updated numbers. >> reporter: we had morning clouds. a lot of sun most of the day. temperatures again, above the 50-degree mark. way above our average. right now, we do have those clouds. and yes, there are actually a few sprinkles and showers that developed this afternoon. but they'll be moving through rather quickly. do not expect a wet night, maybe a few showers in the ne couple of hours. all i