morgan brennan has more on who else is getting squeezed. >> the collapse in oil prices is beginning to take a toll on other industries. the united states deal corporation is temporarily idoling two factories and laying off 750 workers, a direct result of crude's dramatic crunch. supplying to oil and gas drillers is a key market for steel makers and up until now, a bright spot for the hard hit industry. but with expected to slash, capital spending by as much as 20% this year that means less steel. >> u.s. direct steel consumption into the energy market is about 10% of the market but energy related infrastructure that number bumps up to 15%. the weaker growth in oil and gas is driving down the steel consumption this year. >> reporter: the stronger dollar and oversupply expected to get worse. 2015 doesn't look good for the commodity but isn't alone. other industrial companies are beginning to feel oil's effects. general lek trek expects to fall this year. ge's business accounted for 20% of 2013's overall sales. with billions of dollars invested to expand that. and after a year of stellar

morgan brennan joins us now from new york city with her one big takeaway from schlumberger's number. morgan? >> reporter: hey, tyler. the earnings beat expectations. the 12525% increase. when you dig through this report you see that schlumberger encouraged about $1.8 billion in one time chargers for the quarter, a direct result of the price plunge we had seen in oil. we see that really impact this company. one of the biggest ones there was 9,000 job cuts. that's the company announced and began to roll out in the fourth quarter. that's happening across the globe in all of its operations but also seeing the company taking a hit on an eagle ford shale project, restructuring of its size to make a vessel fleet. venezuela currency devalued and more importantly, the company is cutting its capital expenditures in 2015 by 25% over 2014. so that's a really important number that everybody has been focusing in on with all of these energy-related companies, because as oil declines and production essentially declines we start to see the expenditures tied the decline. that's going to have ripple eff

for "nightly business report," i'm morgan brennan. >>> well earnings season will really heat up this week as the big banks post their latest results. tomorrow wells fargo and jp morgan expect to record their numbers and later, bank of america, city group and goldman sachs. kayla tausche is with us to talk about what they're looking for because financials are key going forward. >> they're the barometer of the overall economy too. it appears the fourth quarter will show a tale of two businesses. one side the main street facing businesses of wall street that are going to do really well. lower oil prices and continued interest rates helps demand for loans, consumer spen up and people use the money to pay off bills. ironically the wall street side of the business trading activity some of the ipo activity and some of the more high finance areas of the business won't do so well because of the various macroeconomic parts that affect it. >> i thought trading was pretty -- the big volume in the stock market last year. not as much volatility but certainly a lot this year. why is trading sufferi

morgan brennan digs through the data. >> reporter: forget those new year's resolutions to quit smoking or eat healthier. how about one for your investment portfolio? a stock detox. over the past decade, certain names have tended to pop in the first weeks of a calendar year. according to data for market anl analytics firm. sciences 3 cents a piece. 2014 was good to the health care industry and analysts expect that to continue in 2015. >> next year i think it's going to continue to be about m&a. three closings in the first quarter, that will really now change it to the hopes of what could happen with mna from putting numbers down in the record and really executing on a lot of the plans on the integration side and really start to see the benefits of these mergers come together. >> reporter: medical device makers may be worth a look but think twice about certain retailers. according to past performance, at least, game stop l brand and kohl's brands slumped in january, thanks in part to holiday sales data. telecom companies tend to fare poorly at the beginning of a year. centurylink tumbled

for "nightly business report," i'm morgan brennan. >>> finally tonight, a look at how much we're expected to spend on this sunday's super bowl. national retail federation predicts americans spend record $14 billion, $89 a person including new hd tvs purchased ahead of the kickoff, chicken, pizzas and beer that will be consumed. >> wow. all right, that does it for "nightly business report" for to thanks for joining us. >> i'm tyler mathisen. thank you from me as well. have a great evening. we'll see you back h captioning by vitac, underwritten by fireman's fund >>> every single bite, need it to be -- >> twinkies in there. >> it's like a great big hug. >> about as spicy as i can handle it. my parents put chili powder in my baby food. >> just a lot of chillin

for "nightly business report," i'm morgan brennan. >>> and still ahead, when an index fund isn't enough. our market monitor guest has a list of individual stocks that may be worth some cash. >>> a potentially historic ruling may be on the way for gay marriage. the u.s. supreme court, the highest court in the land announced today that it will decide whether same-sex couples have the constitutional right to marry everywhere in the u.s. cases before and against will be argued in april and a decision expected by late june. many companies already recognize same-sex marriage when it comes to health care and other benefits. >>> maryland taberner who saw the rocky rollout of the affordable care act announced she's stepping down in the next month. although she's credited with helping millions of americans get health insurance for the first time she joins hhs secretary kathleen sbail yus as the second to resign in the botched health care. >>> prime minister david cameron both urging patients over negotiations with iran and russia at a white house news conference today. president obama stressing d

for "nightly business report," i'm morgan brennan. >> the drop in oil could be a driver of merger and acquisition activity in the energy sector this year as corporate profits come under pressure and valuations fall, some companies could look to take over targets. john kilduff, back again. >> a little popcorn. >> so as these stock prices go down for some of these companies, you've got to figure other bigger whales out there might want to buy some of them. who and which? >> well obviously, as you saw from brian's report there earlier, these companies, their stocks have gotten crushed. the prices knocking on debt's door already when you forecast out the prices. so the acquired targets. the targets that should be buyed out by other companies. should be in a position to be picking up the leftovers here or the dead bodies of this carnage coming. but companies then the small ones from continental resources on down mobile regency partners eqt and companies like those that are going to be struggling are to take over candidates. they've already been hammered. i'm not saying to go rushing into t

morgan brennan reports. >> reporter: united parcel service delivering bad news to investors slashing its fourth quarter earnings forecast. the problem? ups spend a lot of money to successfully deliver holiday packages on time and avoid a repeat of christmas 2013 when millions of packages were delivered late. but it did so at a big hit to the bottom line. analysts say the shipping jienlt overcompensated. >> ups for some time has been using prices to try to maintain its market share versus fedex on the ground in the u.s. one, two, they overspent guaranteeing service. they certainly couldn't have a repeat of last year's service disaster and so you combine those two events in which you're not really seeing any improvement in yield and you're spending ever more to deliver those packages and a big earnings miss. >> reporter: ups s added capacity was necessary to handle the extreme spike in volume on the two days but demand disappointing on others costly decline in productivity. and delay at west coast ports had an impact. ups cut its guidance for the full 2015 year citing pension costs and

morgan brennan has more on what's driving the transports lower and whether this is the start of a bigger turn. >> reporter: 2015 has been a rough ride for transports. it's a sharp contrast to 2014 when the index gained 23% or doubled the s&p. experts say there are two reasons for the change. the first, investors selling stock winners to defer capital gains taxes until next year. and the second oil's ongoing slide. what's slowing production could mean for the company most exposed to the energy sector. >> our overarching view is that economic growth continues to drive volume in 2015. we see a bit of a stabilization, ultimately good performance for the transports in general. it's probably going to be a little bit more consumer facing in markets that drives the story in 2015 as opposed to industrial markets which drove it in 2014. >> reporter: fuel one of the biggest costs for the companies, as oil prices plunged, transport soared. better profits. cheaper oil enables consumers to spend more money on items other than gasoline that could benefit parcel carriers like fedex and trucking companie

for "nightly business report," i'm morgan brennan. >>> finally tonight, a look at how much we're expected to spend on this sunday's super bowl. national retail federation predicts americans spend record $14 billion, $89 a person including new hd tvs purchased ahead of the kickoff, chicken, pizzas and beer that will be consumed. >> wow. all right, that does it for "nightly business report" for to thanks for joining us. >> i'm tyler mathisen. thank you from me as well. have a great evening. we'll see you back h kevin: today on "ask this old house"... replacing a bathroom faucet like this is pretty straightforward and simple. well, most of the time. oh, boy. two traps is not good and it's not legal. i'll show you how to see circuits and fuses in a whole new light. kevin: you're going old school here. you don't see these that often anymore. and it's red, it's steel and it has an adjustable foot. what is it? kevin: this is the latest innovation in health care. so what's it telling me? roger: yeah, not too good. you'll be fine. [laughter] that's next on "ask this old house." let's do something

for "nightly business report" i'm morgan brennan. >>> coming up why executives from a very important sector of the economy are very optimistic about the future. >>> there may be progress being made at the west coast port impasse. negotiators for major shipping lines and the dock union which represents 20,000 workers have cleared a major hurdle in those talks. the two sides reached a tentative agreement to an area crucial to resolving the standoff. >>> the northeast got walloped from long island all the way up into maine millions digging out of two feet of snow or more fell in some areas. philadelphia new jersey and new york were spared the worst as the storm strayed well east of its expected track. as for the economic impact it could be sizable according to eric gold of planalytics which measures the effects of weather on business. >> we think the economic impact is going to be relatively small. that's simply based on the duration of the storm, the timing of the storm, the population centers that are impacted. the economic impact of last winter was anywhere from $15 to $50 billion. t

i'm morgan brennan. as oil prices stabilize at least for the time being, investors are getting back into some of the big integrated oil companies, conoco phillips chevron, hess anadarko all of those gaining today, up more than 2% apiece. exxon mobil trailing a bit. that's only up about 1%. but all of them higher today. back to you. >> all right, thank you very much, morgan. >>> time for the "power house." we kick off a new year, home to the world's busiest airport. can you name that city? you know. it's atlanta! hartsfield. we are focusing on the suburb today of dunnwoody. with us from atlanta is realtor with berkshire hathaway homes services. good to have you back. i'm going to get some football thoughts on you later because i know you played in the big leagues. let's check out the atlanta market stats, shall we? according to the local mls service, median price about $446,000, just over four months of inventory, properties on the market for an average of about 80 days. our first listing is at 1705 redbo

morgan brennan in times square. snow is starting to fall morgan. >> it certainly is starting to fall tyler. we just got word that both new york area nba games that were scheduled are now on hold even postponed because of the weather. as you can see, the snow is really starting to pick up. it's starting to stick. it's gotten dark outside. it's getting colder out here. this, as officials across the northeast are bracing for what's potentially a historic blizzard. we've got state of emergency declared in multiple states multiple cities. new york governor andrew cuomo just holding a press conference to warn about the difficult and dangerous conditions. the new york state thruway and other state patrol highways will be closing at 10:00 p.m. eastern. also new jersey governor chris christie declaring a state of emergency. massachusetts declaring a state of emergency. connecticut imposing a travel ban that goes into effect tonight at 9:00 p.m. as you can see behind me right now here in midtown manhattan it's still business a

morgan brennan tracking them all. >> how do i follow that up? >> i don't know. that's a lead-in, baby. >> that's a lead-in. copper prices trading near five and a half year lows. take a look at copper at the high grade copper contract for march. the trading on the nymex. that's down 6% trading below $2.50 a pound. big move there. we're seeing this of course, in part, because of the world bank cutting its global growth forecast for this year and next. of particular concern is china, which is the biggest consumer in the world of copper. it's taken down mining stocks with it. particularly those that have a lot of copper exposure. take a look at shreveport mcmoran. it's down 13% hitting fresh 52-week lows. if you take a look at the chart for the past 12 months we're now down just about 50% on this stock. also southern copper that stock is down about 5% and even though we're focussing in on copper right now, it's across the board industrial metals are taking a hit today. that's why you're seeing names like alleghany technologies and newport also hitting fresh 52-week

morgan brennan, kate roblgers, tracking flight delays and cancellations at la guardia. sue herrera has the latest on this monster storm, and, sue, what is the latest? it's a biggy. >> it is a biggy. the storm is progressing as pretty much forecast with the heaviest to hit the northeast beginning in the afternoon rush. now, a lot of people have been told to go home early, so hopefully there will be fewer cars on the road. snowfall totals forecasted remain in the -- pretty much the same. new york city, about 18 inches. boston and the northeast is really going to get hit. about two feet plus. all of connecticut, rhode island, most of massachusetts, new hampshire, and maine anywhere from 18 inches up to two feet. the headline here, new york city, will be shut down to all travel except for emergency vehicles after 11:00 p.m. the governors of new york and new jersey have declared an immediate state of emergency. new york governor andrew cuomo has ordered the new york state thruway from new york all the way up to alban where i, buffalo, and points north. shut down at 10:00 p.m

morgan brennan is following the shippers for us. hi morgan. >> hey, sue. well take a look at ups. it successfully delivered packages this holiday season but now it's not delivering for investors. stocks down 9% almost 10% today. that story when power lunch returns. anything worth pursuing requires knowledge, hard work and a plan. at baird, we approach your wealth management strategy the same way to create a financial plan built to last from generation to generation. we'll listen. we'll talk. we'll plan. baird. >>> shares up after they upgrade the fitness apparel from overweight to a neutral rating. it raised the price target to $57 a hair from $50. management has laid the foundation for sustainable growth. the stock is up about 60% over the past quarter. sue, back to you. >>> well lou lou lemon may be on the upside but stocks overall are under pressure. you can see we're in the red with the dow jones industrial average. not by a lot, but a little and the s&p is down. >> it's hurtinging parts of the stock market. i want to show you steel stocks. when the ecb comes out and says we w

i'm morgan brennan. a change that will be taking place after the trading money on monday.ca holdings is going to be replacing safeway in the s&p 500. safeway is getting acquired serberus management. safeway, unchanged. >>> now, time for pops and drops. big mover of the day. popper, loo lululemon, upgrade would take the profits on this. >> drop or dream works, down 8%, grasso. >> they find a lot more efficiency in making movies. they are going to come back to one this year, cheaper. i wouldn't do it. that is a no touch right now. >> drop for u.s. steel, gee. >> goldman stacks downgrades from 52 to 23. that comes under the heading of thanks for nothing. their report on the 27th, then, nathan who will be on "options action." i think you buy this into earnings. >> starbucks? >> a core long overweight. it continues to grow 15%-20%. they have multiple earnings channels on the product side. they are doing it in america and internationally. stay there. >> the ecb's decision to undertake its massive easing plan is having a big impact switching to the lowest against the dollar in 11

our morgan brennan has the damage assessment you can't afford to miss. plus two traders weigh in on why the stocks are getting hit and what it may indicate to the broader market. stay tuned. your mom's got your back. your friends have your back. your dog's definitely got your back. but who's got your back when you need legal help? we do. we're legalzoom, and over the last 10 years we've helped millions of people protect their families and run their businesses. we have the right people on-hand to answer your questions, backed by a trusted network of attorneys. so visit us today for legal help you can count on. legalzoom. legal help is here. >>> welcome back. the dow is off 200 points. it was off 333 or thereabouts at the lows of the day. we've been watching for the typical correlations to see if they bear out today, bill. is it what happens with interest rates? is it what happens with oil prices? lots of different moving pieces. >> so many cross currents right? >> yeah. and as you're seeing with about half an hour to go that's shaking out still to a negat

bracing for potentially historic blizzard while we sit here in the warm studio in times square, morgan brennans braving the cold. morgan? >> reporter: definitely getting colder out here. but we just got this announcement. all public transportation in new york city will stop this evening starting at 11:00 p.m. eastern. that's according to the local transit authority. all subways, buses and commuter trains will stop service tonight at 11:00 p.m. you can see why. the snow is picking up. we got plows and salt spreaders making the rounds out here. those drivers all operating in 12 hour shifts. we got a couple of inches here in times square. as you can see not stopping tourists from coming out to take a look, take pictures. some businesses are beginning to close early here in the area. nonetheless it will get a lot uglier. that's why new york governor andrew cuomo declared a state of emergency for the lower part of the state. >> this storm is going to be serious. and it's not going to be trifled with. it's already dangerous out there today. >> reporter: that's exactly why government officials across

." >>> i'm morgan brennan. the dow falls 141 points. the s&p sheds 11. the nasdaq rises 7 points.eports earnings on february 3rd. existing home sales rose in december, but it did little to boost the sluggish real estate market. it was below estimates. that's it from cnbc. with the incredible fuel efficiency of 38 miles-per-gallon highway you can feel like royalty in the nissan altima. now, get great offers on the 38 mpg highway nissan altima. nissan innovation that excites. --i don't know my credit score. that's really important. i mean - i don't know my credit score. don't you want to buy a house...like, ever? you should probably check out credit karma, it's free. credit? karma? free? credit karma. really free credit scores. >>> king abdullah has a long history with us not just in his work with counterterrorism, but on his work on interfaith understanding. >> it is a loss for the middle east. >> king abdullah left a tangible legacy that can still point the way toward the peace in the middle east. >> he is going to leave a big legacy, but a big loss as well. >> welcome back to "th

. >> morgan brennan, a couple of minutes to tell us about the movers. >> oh my gosh we'll begin with big oil companies, all sliding as oil hits a fresh 5 1/2-year low. chevron, exxonmobil hesse, bp all names in the red today and a tough day for caterpillar, as well. it's the biggest laggard in the dow. jpmorgan downgrading the stock. on the flip side gilead sciences sigher after cvs health core said it would give preferred status and that stock up about 2.5%. rival abbvie falling. we end with isis pharmaceuticals higher after johnson & johnson said it would pay the company up to $835 million to for the option to license drugs for the bowel. cnbc exclusive, isis chief dr. stanley crooke will be a guest on "mad money" 6:00 p.m. eastern here on cnbc. back to you. >> good stuff. thank you very much. contrary to popular belief the santa claus rally takes place during the last five trading days of the year and the first two of the new year. >> got that? that means that today traditionally according to the stock trader'sal ma al maal almanac, this is the final day. make sure the kids are ou

let's take a look at the transports with morgan brennan. >> so far 2015 has been a rough ride for the transports. that is a real sharp contrast to last year when the dow jones transportation average doubled the s&p's gain. experts say two reasons for the change. first investors selling stock winners to defer capital gains taxes until next year. second reason oil's ongoing plunge what is slowing production could mean for transport companies that are most exposed to it. an industry to approach with more caution, railroad operators, those guys feel the pressure. those carting coal especially with natural gas so cheap, that's why also downgraded csx to neutral just a week ahead of earnings. both have come off just recently. analysts note there are still buying opportunities among transports. a stronger consumer, consumer facing transports. names like jet blue which is down 5% this year after a huge run up in 2014 gained about 85% last year. the consensus rating outperform with 14% upside on the current price. in general the airlines are looking good. parcel carriers names like fed ex whic

. >>> i'm morgan brennan with your cnbc market wrap. stocks bounce back from recent losses. the dow jumps 212 points. the s&p adds 23. the nasdaq climbs 57 points. minutes from the fed's december meeting showed the central bank may raise interest rates without an increase in inflation. stocks held on to their gains following that release. payroll processor, adp, said employers added 241,000 jobs last month. that beat estimates. the government's december employment report is due out on friday. that's it from cnbc, first in business worldwide. . i loved the look of the fusion... we test drove it...i was like "this is my car". all-wheel drive is amazing... i felt so secure. you can do it, emmie! ecoboost is when you can take a four cylinder and make it feel like a six cylinder... i was really surprised... i drove the fusion... and i never went back. make the switch to america's favorite brand. check out special offers on ford fusion at ford.com or see your local ford dealer. ♪ >>> welcome back to "the ed show." we are following today's breaking news out of paris, france. two gu

dominic chu and morgan brennan covering both. >> we are about 45 minutes away from 2:00 p.m. eastern time when the fed releases minutes. what types of stocks do well on those days? >>> we have big layoffs again in the steel industry. what is this going to mean for the stocks? we will have more on that when "power lunch" returns in two minutes. >>> j.c. penney shares are soaring after the retailer reported nearly 4% rise over the holiday season and revised sales projections for the current quarter to the upper end of prior estimates. it is up almost 21%. american express upgraded to buy from neutral due to multiple benefits of improved outlook. eli lilly's 2015 guidance below current forecasts although the pharmaceutical company believes the challenging period of patent explorations is winding down for it. >> we have seen orare starting to see big layoffs in the steel sector. what does this all mean for the future of the steel business and future of the stocks? >> i have been looking into this. united states steel corp laying off roughly 750 workers and as you mentioned this i

. >>> let's send it over to morgue morgan brennan. >> it started early in the week when jc penney announcedng holiday sales. today it announced its ju underperforming stores. the stock is up more than 1.5% just today. aeropostale also moving higher, a small-calf name but we've seen big moves to the down side over the past year. today it's about 20% higher after raising guidance for the quarter. costco also gaining ground after reporting better than expected 3% increase in same-store sales for december. that's trading up nearly a percent higher. and check out target and macy's. both of those hitting all-time highs today. target's up more than 0.5%. macy's trading about flat right now. the one downer, family dollar after it reported a weaker than expected first quarter profit as comp sales fell about 0.4%. so the street was looking for a 1.3% gain and we're seeing family dollar trade down about 0.5%. back to you. >> morgan, thank you so much. dr. j, the jc penney thing, you talk about that could have been gone in the other segment we just did. that looks like a home run at least early on. you