my question is j & j likely to raise the dividend and can merck sustain theirs? >> merck or j & j?hinking? >> i think you like merck more. shoot. there you go. these are both high-quality companies and we actually did a couple of pieces about big pharma and you asked me about dividend boost. merck just gave you one. j & j can certainly give youio more. i don't think you can go wrong with either one. may i say that merck is more undervalued? they like j & j because it has over the counter products. i think merck is cheaper and they'll unlock more value and i do think a 4.41 yield more than a 3.5. i want to go to cosmi in illinois. >> caller: hey, jim, boo-yah! >> boo-yah! >> caller: i'm looking at the dog of the dow intel. since last year the stock was rising steadily until january 25th of this year it's stayed between 24 and 26. what do you think will happen with the stock in the future? >> which one of you dogs is named intel? they all looked up and they all answered to intel. here's the deal with intel and i think it is one of the most undervalued companies why? because i don't t

i like merck. no fee to buy merck. and the stock is strong. >> you like it >> it can inoculate itself. >> have a wonderful super bowl weekend. we'll see you next time . as voters suffer in the highest unemployment rate in the nation place bets in nevada, concern about mitt romney's automatic minimum wage hikes will have jobs taking a hike. scrap the minimum wage. i am cheryl casoni. we have wayne rogers and johnathon and tracey birns and john lay field. and hello johnathon,y get rid of minimum wage. how is that going to be work? >> minimum wage is government force. it destroys jobs and vialates the rights of employers and employees and so it is to act in their own self interest. employers offer a wage and employees either take it not. and unions force artificial ailly high wages. and a destruction of jobs . upon unemployment rate is worst with the teenagers. 28 percent unemployment and if there is a hike, small businesses could say. i will not hire more kid and i will go for free interns. >> i think johnathon is right.

merck. the attorney for merck merck's wife, eliana lopez is trying to keep evidence from a neighbor out of court. lopez reportedly confided in the neighbor, ivory madison, the day after mirkarimi allegedly caused a bruise on lopez's arm. but the lawyer wants the video tape and everything else linked to the conversations totally thrown out. saying that lopez was only seeking legal advice from madison. >>> 6:07 now. a change in focus for occupy protesters. >> we do. the nationwide protest in support of prisoners today. >>> it kept her atop of the avalanche. and basically saved her life. >> three people died in an avalanche at a popular ski resort. the device that saved the skier's life. >>> and copper thieves adding insult to injury. why the crimes are a big slap in the face to some bay area cities that are bleeding red ink. coming up. ,,,,,,,,,,,,,,,,,,,, >>> good morning. we're continuing to follow this breaking news out of the south bay and an overnight fatal accident in san jose. you're lo

yesterday, earnings missed from merck dragged on the dow and weighed down pfizer.ixed january retail sales painted a picture of cost conscious shoppers. discounters, costco and target topped expectations, while department chains macy's and dillard's came up short. abercrombie and fitch tumbled but it wasn't all bad news. gap projected better than expected earnings thanks to sales from banana republic. green mountain's shares up 14%. merger talks between xstrata which could create the third largest mining company in the world gave investors a doze of healthy optimism. swiss's older bank has been indicted by u.s. prosecutors on charges it helped wealthy americans stash more than $1.2 billion in secret accounts. talk about job satisfaction. a very lucky 21-year-old waitress in florida who won a million dollars in a scratchoff game says she has no plans to quit her day job. she says she likes working there that much. good for her. >>> coming up, the knicks battle the bulls. peyton manning can play next year. and the nba names its all-stars. plus has madonna tipped off

yesterday's earnings missed from merck dragged on dow, wayeighed down pfizer. costco and target topped expectations, department chains macy's and dillard's came up short. abercrombie and fitch tumbled 14% on weak sales forecast, wasn't all bad news. gap projected better than expected earnings thanks to sales of banana republic. >>> green mountain coffee, strong demand for keurig brewing system sent shares up 24%. merger between two swiss mining companies could create the third largest mining company in the world gave investors optimism. switzerland's oldest bank has been indicted by u.s. prosecutors on charges it helped wealthy americans stash more than $1.2 billion in secret accounts. >>> talk about job satisfaction, a very lucky 21-year-old waitress in florida who won a million dollars in a scratch off game says she has no plans to quit her day job. she likes it that much. you know how that feels, right, bill? >> exactly. >> smile and nod, bill. >>> the knicks battle the bulls, peyton manning can play next year and nba names the all stars. plus has ma danna t

but you had boston scientific, cigna, merck turned in disappointing earnings there.h the leaders at this point, dean, or do you think the laggards would be a good value right now? >> it's on the big picture, and the big picture after spending a lot of time talking to fund managers this month is people are getting back into risk. the alternative, i.e., being treasuries as per ben bernanke's design is very, very painful, i think the vix is going down. folks are seeing the waters are a little calmer. people are getting back into the market. >> do you go with the leaders or laggards? >> the winners. they show they can withstand volatility. we did a study on the earnings coming out, there's a huge disparity between the winners and losers. winners had made $10 billion, losers have lost $14 billion. that's an enormous spread. go with the winners. >> all right. dean, doug, good to see you both again. thank you for being patient this hour. that will do it for the first hour of the "closing bell." as we go out here, we're down about eight points on the industrial average, and

yesterday earnings missed from merck dragged on the dow and weighed down the drug maker pfizer.ixed january retail sales pa s painted a picture of cost-conscious shoppers. discounters cost koe and target topped expectations while department chains macy's and dil lards came up short. abercrombie & fitch tumbled on a weak sales forecast. gap projected better than expected earnings thanks to sales at banana republic. green mountain coffee was another big mover. shares up 24%. merger talks between swiss mining companies xstrata and glencore gave investors a healthy dose of optimism. elsewhere, switzerland's oldest bank has been indicted by u.s. prrtds on charges it helped wealthy americans stash more than $1.2 billion in secret accounts. >>> and talk about job satisfaction. a very lucky 21-year-old waitress in florida who won $1 million in a scratch-off game says she has no plans to quit her day job. she says she likes working there that much. good for her. >>> coming up, the knicks battle the bulls. peyton manning can play next year. and the nba names its all-stars. >>> plus, has m

i think it is also appropriate to announce that govern merck -- governor edwin brown announced that hed ab 199, school curriculum, social sciences, filipinos in world war ii. i think that all of these events show that the filipino- americans are really coming out of the woodwork and showing themselves as a group that needs to be recognized. as we, this evening, a well recognized quite a number of them. we welcome you tonight. may i also ask you to welcome the honorable mayor edwin lee. [applause] >> well, welcome. welcome to city hall, everyone. it is my pleasure to welcome all of you here to the seventh annual philippine-american celebration heritage month. counsel general, thank you. mayer brown, thank you very much. i know you are out there somewhere. board president, thank you for being here as well. i am is so happy, because we have a lot of things to celebrate. and i want to first and foremost thank one of the people that i have had a chance to work with, and i think she is a proud member of the filipino-american community here in san francisco, and that has been my chief adviser

chancellor angela merck he will said they see no need to crease the capacity of bailout fund. the banks are delaying any decisions on the fund and have yet to complete debt reduction procedures needed to support greece. >>> over in the united states, consumer sentiment soared. u.s. research firm the conference board says its index of consumer confidence surged nearly 10 points in february. that's the first time the index has topped 70 in a year, and that's against a base value of 100 set for 1985. upbeat data in jobs and housing is boosting u.s. consumer confidence. the index has been rising since bottoming out a little over 40 in october. but concerns mount about rising prices of crude oil, due to heighten tensions over iran. >>> overnight in new york, the dow-jones industrial average topped 13,000 for the first time since may, 2008. that's on improving u.s. consumer confidence. for more on how stocks here are reacting, let's go to ramin mellegard at the tokyo stock exchange. so ramin, is the positive market momentum continuing after yesterday's gains? >> very good morning to

merck's stock added 1%. both of their medicine's received approval last year. finally, lin-sanity continues. the excitement around harvard economics graduate and now start new york knick's point guard jeremy lin may have helped get knick games back on time warner cable. time warner had been in a fight with madison square garden over what time warner pays to carry the m.s.g. network. m.s.g. shares continue hitting new highs thanks to the lin- sanity excitement. and time warner cable finished at a seven month high. and that's tonight's market focus. >> susie: no hard landing for china's economy this year. >> she has predicted stable growth. between presidential meetings in washington and stop in california the presumed heir apparent of china vilts-- advice thed the corn bill. from iowa public television andrew-- reports. >> reporter: this was a return visit to iowa for xi jinping. but times have changed significantly since his visit in the mid 1980s for the agriculture economy and the business between america's farms and china's kitchen tables. for midwestern gro

first-time claims for jobless benefits is out and we'll see earnings from beazer homes, dow chemical, merck and mastercard. also tomorrow, we head to a technology business adding hundreds of jobs in south florida and ask the c.e.o. why saveology is expanding now. it looks like the missing client money at m.f. global has been found. investigators searching for over $1 billion tell the associated press that the funds have been tracked to other customer accounts and banks. the firm, which was headed by former new jersey governor jon corzine, went bankrupt in october. it's alleged client funds were misused as the firm was collapsing. >> tom: indiana has joined the ranks of right-to-work states. it's the first state in a decade to do so and the first in the rust belt. right-to-work laws put an end to labor contracts that require non-union workers to pay fees for representation. supporters say the measure creates a pro-business climate, attracting employers and increasing jobs. opponents say it leads to lower wages and poorer quality jobs. growth and getting paid. those are two powerful incentive

it's a celebration of international philanthropy day, sponsored by merck -- >> it's a stone's throw.t's amazing. >> if they wanted to throw water balloon, this ecould probably get cramer. >> i'm ready. sticks and stones may break my bones but chemical warfare is my strategy. >> sovereigns are not the only one that can kick the can, right sp. >> saturday the talk is g-20 all aboard, talking about a $2 trillion package. i figure the future is sore on this. sunday $2 trillion package evaporates, germany you're on your own and the euro is lower. >> we'll see how many banks ultimately borrow from the program, 500 billion euro, will it be less, will it be more? so important certainly to stabilize in the financial system as it did late last year. >> and the jockeying around, how big is it in terms of the uptake and what the appetite will be after that is tremendous. anything much greater would be risk up because maybe things are much worse than we expected? >> g-20, november turned out to be a far more dangerous month. [ bell ringing ] >> that was the opening bell on this debut show of our

in white house station, new jersey, merck has announced a new program. merck for mothers. merck has pledged a half billion dollars over the next decade to help alleviate this situation, complications of pregnancy and childbirth. the people of merck will dedicate their expertise to help make proven solutions more widely available, to develop new technologies and to improve public awareness to save lives. making progress against this complex challenge will not be easy. it is not purely a medical problem. and there are no magic bullets. i applaud merck and other organizations and individuals who are dedicating their time, their resources and their expertise to creating an environment where no woman has to die in order to bring a child into the world. madam speaker, i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the chair recognizes the gentlewoman from california, ms. woolsey, for five minutes. ms. woolsey: madam speaker it was an ancient greek playwright who originally said, truth is the first casualty of war. more than 2,500 years l

and there is a new development involving the prosecution's star witness merck merck -- involving therosecution's star witness. ♪ ♪ ♪ don't stop doing what you do ♪ have i paid my dues just to be with you... ♪ . >>> a lot of cloud cover out there. we've had some really light rain. i think most of it is gone. there's still some fog. temperatures cool, 40s. we'll end up with mostly cloudy skies today. temperatures upper 50s very low 60s. tori? >> all right. thank you. >>> you know yosemite is beautiful. here's another reminder of the beauty. this is a picture released by the national park service. it shows one of the park's lesser-known waterfalls and during certain sunsets in mid- february, the water actually resembles lava. the park rangers say this will hopefully -- hopefully be around for the week. >>> sheriff mirkarimi goes on trial for domestic violence. according to the chronicle, his wife's attorney her client only confided in the neighbor madison because she shout she was -- thought she was a lawyer that could offer advice. now lopez's lawyer says anything her client said or sh

. >>> berk merck is reporting 97 , 2% on sales of $12.3 billion, a little shy of the $12.53 billion thatoking for. i have a forecast for non-gaap full year 2012, 375 to 385, versus 383. 383 is the estimate so that is more or less in line. >> i saw dow chemical just coming across, for a moment, looks like they -- i don't want to comment yet. >> merck is 4.3% yielder trading at 38.63. we're getting the different metrics of different drugs, animal health and different divisions of the company. i'll look at dow for you real quickly. >> i'm looking at it now today. >> i'm having a tough time with this computer. >> non-gaap? >> the estimate is 30 cents and i'm calling up the press release. there are comments from andrew livers, saying that 25 versus the 30, so it's a miss by five cents. he was talking about how the macro economic climate deteriorated. andrew liver also join us a little later this morning. >> it wonder whether input costs hurt margins. >> he was optimistic last week about the numbers. >> quarterly volume was flat if you exclude -- again, maybe some currency issues involved here

we go to the middle east, to los angeles, and to the pits of the new york merck. >> tune in tomorrow morning for david favor's interview with hp ceo meg whitman. back in a moment. >>> welcome back. bob pisani down on the floor of the new york stock exchange. hewlett-packard after-hours, trading down just a little bit. bottom line beat, top line a little light. it's the guidance that's the problem here. we're looking at 88 cents to 91 cents for the second quarter. analyst estimates substantially above that. better news from boston beer. sam addams the maker of that company. guidance above expectations. this company firing on all cylinders right now. elsewhere, we've seen weakness in the last several days in some key sectors here. in transports, which have been breaking down a little bit, year-to-date. materials has been topping out. that was a sector leader just until about four or five days ago. and basically it's stopped doing anything. banks, same situation. guys, back to you. >> thanks very much, bob. inspectors from the nuclear watchdog agency left iran with no satisfaction after

stocks like merck and pfizer, both 3.8% long-term growth rates and now their multiples have shrunk in digits and many stocks in the group have no growth at all and they have the high dividend, and when i look at the presentations we got from the annual dog and pony show in boca, i think we'll have to start challenging our assumptions about what we should pay for these stocks. 15 and 16 times earnings doesn't seem quite right. they're just too cheap, versus the stock competition with fresh innovation being the norm. you need a catalyst like a new acquisition that moves the needle and think kellogg, and think b & g foods and the dividend booster who we heard yesterday. if you want to sleep soundly tonight, maybe it's time to think about owning intel or microsoft. it offers a higher reward at a lower risk to earnings. stick with cramer. [ 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 w

merck and pfizer weighing on the index today. vertex pharmaceuticals moving higher. their main drug treats hepatitis c. that missed estimates, but their profit came in higher. analysts already lowered their estimates due to trend. this isn't a huge surprise. keep in mind two days ago, the fda approved a cystic fibrosis drug. also missing street estimates, came in at 97 cents a share for gilead sciences. it kick started a frenzy in the biotech space. bristol-myers, we can expect investors to discuss gilead's acquisition on the call, some saying there will be more details on the action coming up soon. >> seema mody with the latest there. super bowl xlvi, up next we speak to the chairman of one of the two teams set to take the field. new york giants chief with us next. >>> super bowl xlvi kicks off sunday on nbc. as the new york giants take on the new england patriots, a rematch from the big game four years ago. throughout the day on cnbc, we've pitted new york against boston in the super bowl cities to see which metro area is better for business. the giants and patriot

merck we think it's a terrific company, a great yield. it's got a really good 2012 pipe.re reit, just a fantastic and overlooked name with a great yield. newell rubbermaid, an incredible learn. we have a mineral, households good, a drug play and a food play that is perfect with a very nice yield, i might add. let's go to aaron in missouri, please. aaron? >> caller: professor cramer, boo-yah to you. >> boo-yah back. >> caller: i'm calling to see if my children's custodial accounts are diversified enough, ages 2 and 5. their five holdings are bank of america, mcdonald's, home depot, nike, and john deere. jim cramer, are these portfolios diversified? >> look at this. mcdonald's, it's one of my favorite. i think the comp store numbers are going to be terrific. if they have one bad month, it's a great opportunity. deere named best in farm. home depot, terrific retailer who lives on the 52-week high list. nike another stock that is on fire. apparel, they are in charge. bank of america, a decent spec on a big turn in the whole country. a bank, a fast food, a farm equipment, a re

done nothing over that period, including many of the packaged goods plays and the drug names procter merck, others have declined substantially, down by 50% and 24% respectively. i think the stocks have been clobbered deserve to be clobbered. bank of america, i'm calling it a shell of its former self crushed by the worst acquisition of all time, the countrywide deal. alcoa suffered from the stuff in china. hewlett-packard's made so many mistakes in the interim i can't even count them. there are plenty of stocks that, well, say the vast majority. the vast majority of stocks in the dow it seems wrong to me, meaning they're too cheap now, not too expensive, too cheap versus they were back where they were in 2008. intel, microsoft have been treading water. does anyone believe they aren't substantially better off than they were then? they have better products, more cash, more high yield. good dividend. same with the drug stocks. the prospects four years ago reflect many drugs coming off patent. these companies have developed by developing niche products and boosting their dividends. their balanc

technical glitch shut down the cme electronic oil trading sending traders to place bets on the new york merck exchange floor. it resumed at 3:15. it was said to be caused by technical issues. the u.s. and eu cleared google's acquisition of smart phone and tablet developer motorola holdings. google received antitrust clearing, however the regulators note they will monitor. back over to you. >> thank you, jackie. >> it is 5:19. a south bay city about to make it tougher, a lot tougher, for smokers. mountain view holding -- rules would ban smoking in outdoor dining and create a 25-foot buffer zone around doorways and windows. it will go into effect in 90 days. >> you could save someone's life by downloading a mobile app. it's a free cpr mobile phone app. it alerts you when someone nearby is having a heart attack and may need cpr. heart attacks cause nearly 1,000 deaths a day in the u.s. >> sounds like an important app. 5:20 now. coming up the alternative to a night out with your valentine. >> can you feel the love. bay area city that is talking about making its parking rules more convenient for d

moving onto merck, they also reported a profit of 97 cents a share, two cents higher than analyst projections. why is the stock down? guidance came shy of street expectations as they expect to lose sales to competitors once the number one drug goes off patent. and gilliad sciences, topic of conversation on the call will certainly be $11 billion acquisition of pharma asset and when they plan to launch the hepatitis c drug. >>> lawmakers holding hearings today on capitol hill about the collapse of mf global. this time they're focusing on the role of risk managers at the business. kayla tausche has the latest. >> simon, at this moment we have the reps from moody's and s&p testifying. they're in the thick of it. after this morning mf's former risk chiefs were grilled on the missing money. their answer they don't know and had nothing to do with that. but there was some familiar territory like whether mf global purposely placed a conservative risk manager in michael roseman with a more lenient one in michael stockman in order to make the bigger trades. >> it almost looks like they took mr. roseman

rite aid had one, cvs bought one then you have medco spun off of merck. doesn't seem to me they can figure out exactly where pbms fit in. c slrks s believes it's better inside them. others say they should get bigger on their own. >> express has had a successful run choosing to be -- and medco itself. >> let's not forget the walgreens-express scripts battle further fuel here that has people looking at that. >> certainly one of their biggest deals announced last year if in fact it were to be opposed, that would be significant. most investors still expect this will go through but certainly a lot of fear out there. again, all it takes with a headline with week attribution. >> thanks for jumping onset at the last second. >> turkey says an attack on iran would be a disaster. now reports iranians are stealing oil from iraq are coming out. a live report from inside iran after the break. >> and the giants are the world champs. eli manning's a two-time mvp. is bottom line going to pay the price today? steve liesman is crunching those numbers. >> and in mandy's home

dan dicker president at merck block and a cnbc contributor. >> hi, scottie. >> good to have you on thew. is this purely a technical move as i've heard some people say today? >> it seems to be. we've done a couple of crossovers of moving averages, and since chesapeake made it clear that they were going to request a shut-in a billion koubek feet and trying to get some commitments from other gas players, it created sort of a temporary floor. we have to say that chesapeake has done its job a little and managed to make natural gas rise culminating in this pretty sizable rally today of about eleven cents. it should be said that if natural gas was trading for a normal price instead of $2.45, eleven cents wouldn't be much to talk about. but on a day like today when we're down this low it certainly is. >> what short-term plays would you make, then, based on the nat gas rising and perhaps rising a little bit more from here. can you make -- is it just too ris risky? >> i think there are plays to be made. the one place you can't make a play is chesapeake itself. i think to a large degree a lot of

merck though i do like the company. >> cmg. >> people sold it incorrectly.rter next time will be terrific. >> boosting the dividend 28%, flour. >> i don't know why they'd boost it if it isn't good. >> cisco an upgrade. >> makes sense. we have a mixed pitch in your telecommunications but cisco is taking share. >> walgreen. >> never ends. >> more of the names sots.cnbc.com. tonight? >> weyerhauser stock breaking out. >> see you at 6:00 and 11:00. >> all right. stay tuned. breaking news. ism. >>> welcome back to "squawk on the street." now here is the number that's strong. january ism. that's nonmanufacturing service sector really rocking it from 52.6 to 56.8. 52.6 is the read we've had four months running. we had it in september, october, november, and december. 56.8 is the best read that we've had since, wow, 56.8. since february of 2011. so this is a good number. dee's factory orders a little light but still positive. 1.1, up 1.1%. we were looking for closer to 1.5. our last look also ramped up from originally reported at 1.8 to up 2.2. this data looks prett

it is important to understand what our for merck was and what we were able to accomplish.that are important that you will recognize. we demanded individual responsibility in the form of the individual mandate. this was a massachusetts parallel to the aca individual mandate. it is the feature that seems to inspire the most of them about the aca. in 2006, it looked like a pretty good way to keep government out of health care. how soon we forget, only six years ago. it is also notable that governor romney at the time not only felt that that individual mandate was constitutional he believed it was good public policy. many of us still think it is. secondly we demanded employer responsibility based on the size of the business. if you had a 11 or fewer employees, certain things kick in, more than 11, certain responsibilities. we expanded our subsidized coverage for our reports to residents. that is how we started to fill in the uninsured gap. expand insurance for those who could not afford it, and those who could afford it, would buy it. finally, we established our own exchange t

in terms of earning merck reporting results before the opening bell.s from black stone, kellogg. january same store sales today which are forecast to rise 2% industry wide. many stores were hurt by the lack of cold weather. it's felt like spring in new york. sifs enjoying it myself. as they try to move their remaining winter merchandise to make room for the new spring lines, of course we're going to see those numbers be a little bit difficult to see an uptrend there. facebook files papers for its ipo looking to raise about $5 billion. facebook didn't specify how many shares it's selling or a price range. it will list under fb but didn't say on which exchange. the ipo is expected to happen in april or may. facebook earned about a billion dollars last year on $3.7 billion in revenue. and about 85% of that came from advertising and zynga accounted for 12% of revenue. 845 million monthly active users. joining us now is peter cohen, president of peter s. cohen and associates and our guest host, julia, stays with us to discuss this as well. peter, in terms o

merck meg rich lowry is editor of the national review and a fox news contributor. he took up this issue in his column today calling the ad prop begannistic and half baked. what don't you like about it, rich? [laughter] >> well, it's a very evocative ad, obviously. you just hear that voice, megyn, you want to salute and charge into battle. he's great at that kind of gravely-voiced sense of authority that only clint eastwood can deliver. but, look, this is an ad, and it dovetails with the obama administration's message both chrysler and the administration want to portray these bailouts as a wonderful american success story -- megyn: that we've all pulled together. >> right. and that was the other thing, is it really echoed the theme at the end of president obama's state of the union address where we need to put all this argument and discord behind us and just unite behind government policies that include massive bailouts of struggling companies. megyn: do you feel like there was a suggestion that, you know, if we don't pull together to support things like the bailout

for a bill with transparency in its title, we're talking about using some pretty merck murky math. my colleagues will say we need c.b.o. estimates on loans to reflect the risks involved in federal lending. that makes sense, which is why we already do it. the approach under current law already reflects the risks that borrowers will default on their loans or guarantees. the real difference here is how we think the government should borrow and lend or ultimately on how the private sector borrows and lends. i understand my colleagues have a great esteem with private sector business practices, and as a former small business owner myself, i share that admiration. but we have to understand that the federal government of the most -- is not a private actor. we have the ability to borrow at treasury rates and its ability to spread risk across a broad portfolio. there is significant debate as to how fair value estimates could be applied to government loans. the bottom line is it would involved a lot of guesswork. at a time when our housing market has been devastated, when our work force is st

let me give you an example, not merck the news feed for msg stock, first five headlines reads as follow, the headlineses and the facts are since his first start, msg stock is up 10%, hit an all-time high yesterday, mark let cap increase 225 million. this is a guy that, as we well know, less than 1 million. i hope we are in dead spot in the sporting world, joe, you know that, no baseball, no football, people are putting their arms around this is in a big, big way. little guise, it sounds lyn sane to me. >> carmel slow back, stoudamire back in a couple night, even back out for you. it was the -- the linsanity bubble back to earth. >> question whether those two guys being off didn't help stock. >> brian, do you have any credible real news? >> i do have credible news, glad you mentioned that. >> yeah. >> moody's put the uk, france and austria on a credit warning. >> kind of important. >> retail sales for january were up but not as much as expected, stock futures taken a bit of a turn, credible news. valentine's day, did you flow still $1 billion worth of cards bought and sold and eight of t

merck reammy is facing misdemeanor domestic abuse charges for bruising his wife's arm during a new year'sknow which unit the fire began in but they cannot confirm what caused the fire that destroyed 26 units on monday. families were allowed to return briefly yesterday just to retrieve some personal belongings, repairs cannot begin until the investigation is complete. >>> let's check that wet forecast now with meteorologist christie miller wren. good morning. >> good morning, marla. a little bit of a break over the greater bay area, industrial some heavy downpours on the western-facing foothills of the south bay. as we head throughout the next couple of hours, we will continue to clear out, more rain on the way later on this evening. we will get some light rain, most of the heavy rainfall has come through, but the cold blast of air that we are concerned about, dropping snow levels later tonight potentially to 1500, maybe 2,000 feet. very, very low for this time of the season. after all, we are now at the end of winter. warming you back up by saturday into sunday, 69 degrees on sunday, 70 c