>> i'm a big fan of the nyse. when you look at the announcement, we compete with the international energy exchange and we compete with the nyse on the interest rates so we're competing for clients and competing for trade. nothing will change from that standpoint >> you haven't talked to bob greifeld the last couple of hours since you've been in new york? >> i have not talked to him the last several hours. >> let me turn your attention to the bigger issues we're all looking forward to and that's the possible sequester on friday. want you to listen to a comment from ben bernanke before the senate banking committee, and then we can react to it on the other side. >> the cbo estimates that it would cost about 0.6% of growth in this year and the equivalent of 750,000 jobs, so it would be a drag on near term economic recovery. more broadly all of the actions taken this year from the cbo would be a drag of 1.5 percentage points which is significant. >> let me ask you. what do you think is going to happen from some of the

but first, lauren simonetti on the nyse. nyse. 52-week highs on those reports. ago or so? lauren: still up 4%, haven't seen a level like this in more than four years for the nasdaq from charlie gasparino, looking to take the nasdaq private. we are 20 points off of the low of the session, plus on friday we have the lowest volume of the year, somebody coming into work because of the snow, but just asked one trader what did you make of the volume today? it was terrible. red arrows off the lowest but volume is still something to contend with right now. with that, phil flynn at the cme group. phil: friday we hit the new highs for the year ahead of the super storm hit the east coast and we even took out the highs after hurricane sandy. we reversed because after the storm passed we realize for degrees in new york city, why the long heating oil? we just found another reason. futures down $0.99 but off the lows and why is that? the price of crude oil is rocketing back up. we're supposed to have a cease-fire. they, and by the central bank official made the market turnarou

bob pisani is down on the floor of the nyse.ge to get to the new york stock exchange exchange today. >> let me be blunt about it, sue, everybody at the new york stock exchange wants to go home. but they're not. they are hardworking professionals and the nyse told them they couldn't go home. five-year highs. don't worry about the volume. volume is 20% below normal. dow transports and russell 2000 at a historic high. midcap at a high as well. data this morning is what was important. take a look at s&p futures this morning. 8:30 bb data on trade come out. trade and balance was better than expected. we have been running a deficit for years, as you know, sue. but this time it is narrower than anticipated. remember it was negative. 0.1. a positive print on gdp likely when the revision comes in. you see the big pop there this morning? that's because of the trade numbers overall. so good numbers, good day overall. don't worry about volume and we are staying until the bitter end, sue? >> indeed you are, bob. appreciate it. meanwhile, big

nicole petallides said the nyse.orter: you got me all hopped up for the super bowl now. jersey day at the new york stock exchange. someone with that jersey on, and we wanted to get ready for the super bowl. movers' ago along with it. profits on the rise. raise prices. feed costs more because the drought that we have seen. they have buffalo while delays yesterday. give you a finding that if you bought buffalo wildlings the last trading day of january and sold at the end of february, you would have an average gain of over 13 percent. already higher. you'll continue to follow the story with the department of justice up three nap%. also, a domino's pizza at a new 52 week high. i don't know what's on your menu, but i'm sure some people. back to you. dennis: just in time for the super bowl. thank you very much political. ♪ cheryl: and it is time for your westcoast minute. the news may go from bad to worse. seattle plane maker boeing, a union representing 23,000 engineers and white-collar workers to one strike. union leader

rick santelli here on the nyse floor.er the data, especially the 8:30 data, we saw a good deal of buys. revisions were positive as was subsequent data. but the selling pressure and number of shorts might have just reversed it. there is a weekend coming. let's open the charts up to two-year charts. fascinating. you think we're going to stay around 2% for while. it augusters like we pl and same can be said for the previous year in 11. look for them to converge and spend around 2%. let's go to the foreign exchange market. if you look at the euro/yen, and a three-year chart, we are only a couple of months of making a record on a three-year chart because we have highs in favor of the euro. let's swap that out for the dollar/yen. even though it is only about 31-no record since we have seen the dollar at these levels, no matter if you put a variety currencies in, they all seem to be continuing it have fun at the expense of the yen. or vice versa. let's think about it from the export side of the japanese equation, maybe they are

we have teddy weisberg at the nyse. let's go right there to teddy.dy, you tell me, you know, it's 100 points, 100 points there, but 200 points lost yesterday, does that actually give you more i guess optimism for the next following days? i guess we go day-to-day at this point >> well, i mean isn't it easy liz, i mean, it is so easy, down 200, up 100. i mean it is pretty tough here. i mean the markets in general are bumping up against the recovery highs. we have talked about the markets being more or less priced to perfection. we saw that yesterday with some disappointing news out of the euro zone, which they have kind of pushed under the carpet for the last three or four months, but we had -- you know, we had some negative news and we're down 200. today we get some pretty decent economic numbers, and we're up 100. i'm not sure -- i'm not sure what it all means except that it's very very hard. at least at the moment to kind of figure it out. liz: what can you figure out jonathan over at the nymex because we do have weaker oil today. as i look here, i

the answer is the nyse is open. we are all here. everyone is here until the bitter end.arkets are holding up very well. let me show you the mainland chinese market add good week. up again. trade data is strong that chinese reported. s&p 500 looking for a gain for the week. we had good trade data here in the united states. bottom line is our gdp numbers are likely revised upward for the fourth quarter. japan, spain, germany, on the down side. japan's first down week in 13 weeks. take a look at sectors, major indicies. mid cap essentially at historic highs. we will see if that makes it there to the close. mandy? >> bob pisani, thank you. >>> we are tracking nemo, two huge storm systems colliding. possible blizzard conditions over the next 24 hours. winter storm has everyone on edge as you can imagine here in the northeast. first up, there is some good news for the new york area because the accumulation forecast has been lowered a bit from two feet down to just six to ten inches. but here is the bad news. it is still on track to bring up to two plus feet in parts of new eng

companies like procter gamble, rampant, the flash crash, and explained moves, a 70% of the volume on the nyseigh frequency traders. no logic to the computer programs, of willy-nilly and they run the stock market. why should i get involved? >> none of that has anything to do with long-term investment strategy. 7092 was the first insider trading when the hamilton absorb so war dead ipo was the victim of the first trading case. so what? with the aegean happens all the time. gerri: that's the problem. >> in 2006, it lasted 10 minutes but the difference between the waves of the ocean and the tide. gerri: this is a good point* if you're in for the of long-haul maybe you have time to wait out the flesh crash where have patients to move past insider trades but all the excitement of the line in the sand we're on the back to where we were. gerri: that is what is disappointing i has been here before. let's move higher. >> we will. but the market does not go like of bank cd, a straight up. but over history echoes of more than down. gerri: i am a big fan of stocks that people are nervous. we appreciate yo

gives us more time to focus on the nyse assets here.t that opportunity going forward. and then the european reaction to effectively spinning out and ipo'ing in europe is positive. i think it adds up to a good equation for the time being anyway. >> how do you fight back against the perception that some of this is still cosmetic? right? that it is still a showroom for what is being done by computers? >> i realize people will continue to say that. they've said it since the day i got there. the first interview i did with one of your colleagues who is no longer with you, they said, in five years is it still going to be here? i want that guy back here to say, here we are five years later. there's always going to be some suggestions about that. the bottom line is, post 9 here is proving there is a lot going on. is it quiet in the middle of the day? sure. are there still plenty of reasons to have this, whether it's the open, the close, other periods of time, having the options about to move into the front? there's plenty of reasons the icon's i

trade on the nyse.ack to you. >> see you later on. let's shift to bonds and the dollar. getting a lot of macro data points. rick santelli's day is far from done. hey, rick. >> and indeed you're right. a lot of data points. treasury international capital flows is always two months in arrears, so here we are in february, we're getting the december data, but it was pretty good. december, there were a lot of issues kind of unique to the u.s., but sponsorship by foreigners was still strong. some would say that's a dpraet thing. others would say keeps rates low for a variety of reasons that don't have to do with traditional measurements in the economy might be polimisleading. not to you, the viewer, but maybe to congress. interday, we're up one basis point of the day. up six basis points on the week. one month chart shows you there is definitely an upward drift to interest rates moving higher. it's not aggressive, but we want to monitor. kind of 2% to 202. if you look at a one-month chart of the euro versus t

however charlie reports that talks broke down possibly over price disagreements, it was weeks after nyseid it was being bought by international congress exchange. -- continental exchange, is your credit respect wrong? a new study finds one in 5 americans has an error on their credit report, some are significant, here is weigh in ryan mack. president of op optimum capital management. >> a lot of individuals are not following through and getting their annual credit report, a lot of individuals more than 90% have yet to get their free report they have access to. gerri: before you go further, annual credit report.com, the place to get free one, don't go anywhere else or you pay money for service, annua annualcreditreport.com. >> it is about not what you can control but what you can't control, yo condition control hn -- can't control human error, these are people putting these in, if your name is a jr., and your father has the same name, we've seen a lot of cases with individual father have their bad credit their report, if you moved or relocated, they have not kept up. gerri: ryan, look, if

i have to get your comment on that, if they spin off the cash equity group of the nyse, is there anythingly in? >> obviously we don't talk about speculation. liz: than a few cme guys play. >> we are very well rehearsed. liz: if you don't specifically comment on those things, specifically can comment on how you grow and how you maintain real opportunity. we have gone into europe. >> and we compete with them today. they have the life contracts today. eventually competing with intercontinental exchange and will compete with them on interest-rate products. what is important is our asset classes, over the last two days we traded over 14 million contract representing e?ion in two days. that is a staggering amount of risk. yesterday we broke a record for five year note futures. liz: so you're not letting anybody push you off the edge, pushing guys around at all. >> no, we will stay very focused. we are not out thumping our chest. liz: let's talk about trading volumes. how do they look so far? >> 2012 was kind of a difficult year, but a lot of it is because government intervention in the marketpl

. >> all the stock exchanges went up on the -- nyse. >> nyse-ice deal.oretically in play. when you talk about price that might have been the sticking point still a deal's a deal. my view this thing isn't just price. i don't know for sure. my gut, it is bob wants to be independent. i don't blame him. he built that place in a lot of respects. he built the modern nasdaq. what is nasdaq right now? omx. in order dick exchanges, the philadelphia stock exchange and bo boston stock exchanges. that is the modern nasdaq. he feels he should be running it in some way. melissa: charlie gasparino. thanks for that. great reporting. lori: let's go to the floor of the new york stock exchange with lauren simonetti. google is selling today and watch this one. >> ties into nasdaq where it trades. the stock is down 1% as we speak. the former ceo a rick schmidt, selling more than 40% of the his stake in the company. that could be a $2.5 billion windfall for him. you have to ask themselves are investors nervous as they are today? according to web bush securities analyst james

so that is on the nyse. we haven't seen these levels since around the time that s&p was about to downgrade the united states. this is dating back to june, july, 2011. we haven't seen these negative bearish signals for a while. the, the basically the eight-week moving average on this if you want to call it that is five to one. we haven't seen that since early 2012. when people report this story you want to know what companies insiders are dumping. ashley: yeah. >> take a look here. if you look at google, global payments, proctor & gamble are on the list. these stocks, insiders are selling, three or more insiders are selling and they're not buying during this intensive selling. at least two insiders cut their holdings by half. i can see tracy ready to jump in here. these are prearranged selling plans a lot of time. employee stock options and restricted stock. ashley: yeah. >> maybe raising cash or tax. >> that is what i was going to say because of tax scares at the end of the year everyone woos trying to get i

flash crash, moves in the market, 70% of the volume on the nyse, these crazy guys, no logic for computerrams that they are running willy-nilly. they are running the stock market, why should i get involved right now? >> none of that has to do with your investment strategy. the first occurred in 1792 when alexander hamilton absorbed the debt from the revolutionary war. the very first ipo was a victim of the first insider trading case. so what. as far as the nonsense going on, this stuff happens all the time. occurring in 2006 lasted one day, actually 10 minutes and the difference between the waves of the ocean and the tide of the ocean. gerri: if you are in for the long haul, maybe have time to wait out the flash crash and can have enough patience to walk past, move past the insider trades, but all of this excitement over this line in the sand, we'r where only back to we we were five years ago. i think that is what is disappointing about it. i have been here before, people, let's move higher than this. >> and we will. the market doesn't move like a bank cd. it moves up and down. over histo

nyse-listed cme, and the nymex. in the bigger picture, we are at five-year highs. picture seems to be a bit of a dry rate. what you buying a this point? >> it is really up posit this point right now. monday we were down 120. tuesday up 120. today was a perfect opportunity that if investors were cautious to take those profits of the table that they were lucky to get back yesterday, so it is good to see as our market is holding on. not a lot of economic data moving the market this week and next week, so two things are moving it, earnings and headlines. headlines. "repurchase. those are positive headlines that will feed this market. european headline still floating around. middle east, but it seems right now that anything we think would put pressure on our markets is really not pushing as hard as we thought it would, and everything seems to be holding a but this point. liz: we have to believe that you have liberty global, you have that opportunity with some funding, stronger stock prices. so all of that looks good, yet we do have some spasms in the market on a day-to-

i'm carl equipment a nil la with melissa lee, david faber here at the nyse. david cramer is off this week. a busy week it's going to be. europe this week, finance minister meeting from all of the eurozone talking about cypress and greece. as for asian markets, mostly closed as the chinese new year took place over the weekend. it is the year of the snake. our road map begins with a hat trick of news out of technology. dell shareholders balking at the buyout price. and apple testing a watch-like device. >> the s&p 500 is up for the first six weeks of the year. something that has not happened since 1971. a big week is ahead as carl mentioned with earnings from coke, cisco, gm, whole foods and michael kors. >> nemo, watch the impact on business, ford at least said it should not have a major impact on february sales. >> the world is reacting to pope benedict's announcement that he will step down at the end of the month citing his advanced age. he's the first pope to resign in almost six centuries. >>> dell defends the buyout in an s.e.c. filing. they said the deal

go back to nicole petallides at nyse.at two major movers today. >> that's right, tracy and ashley. looking at two major movers, one at an annual high, and one at an an y'all low. gartman. basically the long and short -- garmin. they sell navigation systems in your car, gps, where am i going, that is not doing as well as they had anticipated. below estimates. the stock dropped. look at a winner here. la-z-boy moving to new highs. they are doing well with new sales. these are not the 1972 chairs. they are beefing up the products. the stock is up 16%. obviously doing well with the sales. that's why you're seeing a winner for la-z-boy. ashley: nothing wrong with 192 chairs. comfy, beer holder. it was all good. nicole, thank you. >>> home building permits jumping to a 4 1/2-year high. coming up we'll tell you how to play the housing recovery without investing in the homebuilders. tracy: the u.s. postal service working it? well on the runway? come on. that's right. the cash-strapped usps delivering a new fashion line. we'll be

simon hobs in for sue at nyse. hi, simon. >> sitting down below just 14,000 on the dow but s&p is hanging in thereafter earlier we touched an intraday level we've not seen since november 2007. importantly, let's just recap on how we got here. in the last -- in the last ten months, the market has risen 11%. what do you think were the top three sectors that drove us here? one, telecom. look at that gain. financials, you know about that, also done well. what do you think the third sector is to have driven us this high? in fact, it is healthcare. driven by the carriage of safety and stick of the feds with ultra low interest rates and what stock really stands out? home depot. doubling in value. more or less, over the last ten months. the chart doesn't give you the full flavor of it. but tyler, you see where i was heading, back to you. >> thank you so much. we will be back with you throughout the hour. ge, one of the big drivers. stock, four and a half year drive. selling its stake to this tv network's new 100% parent co

about his interest in the nyse. he said while someone at berkshire was contacted it was not him. he was not contacted person and he did not have any interest in the nyse on that part of it. he talked about this deal, 20% on the opening stock price, more than $72.50, because it was strayeding above that, heinz stock above that. he said no way, you're not getting another penny out of him. guys, i'll send it back to you. >> considering the stock was hitting an all-time high, 20% premium on top of that is a rich multiple. >> when you get 20% of your all-time high, interesting here, bill johnson, the longtime ceo who fought off nelson peltz years ago. he became a board member. my reporting, seems clear they know the potential strategics out there, had conversations with many of them. it is seen as highly unlikely that somebody would come in here at this point and try to top this. you're talking about a deal done roughly 14 times, current ebitda, done in the same sector, 12.5, 13, a high price to your point, even though t

let's talk to nicole at the nyse-listed looking at this is a nice move. >> reporter: i'm looking at thea stock we will be watching closely. a spinoff from pfizer. obviously for animal health. over 70 countries. we talk about zoetis, yet another ipo. very special because it is -- it is the largest ipo after what we sell its facebook. that number one spot. another thing we should note, pfizer retains some shares. they give up these zero animals. the volume has been extremely heavy on the floor of the stock exchange. this one off and instead nutrition business. liz: it as an extraordinarily well. embosses industry. this is at least, something has been the other kids. thank you very much, nicole petallides. you cannot have food tonight. always fun to read dead days of tepper tea leaves. a billionaire hedge fund investor who runs the gigantic appaloosa management fund. bullish on financials, but a recent move in the market as some traders scratching their heads. you should listen to this. charlie gasparino, financials. >> reporter: one trade may not mean anything. we don't know, but it was k

all right, trading action here, bob pisani joins me on the nyse. a little bit after pull back. think is a bullish sign. >> we have hit resistance. like january ended and it sort of like moving side ways now. take a look at the s&p. i'm not sure you call it poppy, not yet. notice, look, 70 points in january. i mean, s&p 45u7b and boom, the minute we hit february essentially we topped out at around close to the 1500 level. we will see how this consolidates or whether it does consolidate in the next few days here. meantime, looking a little hoppier with the international etfs. you want exposure it europe, there is vgk. china etfs have been down recently. some of the emerging market etfs like south africa and eem is biggest emerging market etf down there. and those look hoppy in the last few days. the market recovery continues. good old boise cascade. boy, is this a name i remember. bcc, they went public here, $21. priced at 25 and change. still holding up. and sue, i hold a lot of boise cascade plywood when i worked for my father's construction firm in 1970s. i knew that very, ver

but here at the nyse, we hardly heard a peep from traders when it happened.ing and hollering like in years past. maybe it's the been there, done that attitude. still, the dow hit the mark thanks so upbeat economic data. wall street saw the january jobs report as good enough even though investors really expected better. also, consumer confidence and manufacturing rose. that pushed stocks over the edge. but the momentum has been there for a while. the dow has been powering higher ever since it hit rock bottom back in 2009. it fell as low as 6,500. so hitting 14,000 is a reminder of the comeback. but most analysts we talked to say it really doesn't mean much. instead, they've got their eyes on the next big one. >> these are certainly nice round numbers. i personally think it'll be more of an event once we breakthrough that october 2007 all-time high. that is more of a milestone than just going through a thousand marker which, we again, have done before. >> and it's that all-time high of 14,164 that we're watching for now. randi, back to you. >> thank you very mu

. >> let's go to michelle at nyse. >> well talk with lisa lindsay, from the american federal state and municipal em employers. outline this wp what is the mission? >> we think that j.p. morgan is such a large financial institution. it has demonstrated an inability to control risk. as evidenced not only by the lond london whale, but the money-laundering, cease and desist order. and we need someone looking out for us a on the board and running the board. >> reduce risk, is what you are saying. >> that's right. >> the fact that j.p. morgan compared to nearly every other bank out there during financial crisis, that doesn't outweigh all of those things that you mentioned? that doesn't give you any belief? jamie dimon's ability to manage risk in the middle after cries snis. >> no. this isn't just about one person. we don't think that any person should be -- should hold these two roles. look, we need to start -- we need to stop treating our bankers like pop stars. if lindsay lohan has a melt down in her limo, no one suffers. if jamie dimon loses $6 billion or j.p. morgan and other billing ban

he wanted to know what you saw in the nyse based on the story that berkshire had been another bidder nyse. >> well, i guess the answer is i didn't see anything because i was never -- i -- i was never contacted personally in any way, i never had a phone call, e-mail from anybody in connection wa the nyse. there was some contact from somebody else at the office but like i say nobody, nobody from any investment banking firm ever put a phone call in to me or e-mailed me, and, and when they prepared the proxy nobody checked with me. >> so when people say berkshire was interested, it, it didn't mean you in this case. >> it certainly was not the ceo of berkshire. i'll put it that way. >> and would you have been interested? >> no. >> and warren while we're taking speculation off the table, a lot of reports yesterday about what was going to happen to time inc., magazine division time warner there was some speculation you were involved in part because byron trot is one of the advisers in the transaction i think related to meredith. you, obviously, do you love seem to love the print business bu

mary thompson is live at nyse. it really seems as if all roads lead to on this market day. >> that's a good way to put it. headlines coming across on the early read of the result of the italian elections causing markets to pull back. early in today's trade. right now we have the dow in today's session lows. basically, you have to see another round of italian directions. there could be fiscal progress they made in that economy. that's why you see a pull back here in the u.s. in today's session. also impacting the euro, which has dropped to a six-week low as the dollar moved to six-month high. basically what you are seeing is pull back from risk on trade. as a result, the euro and s&p 500 which have been moving pretty much in tandem for a while. as i mentioned, the risk on trade is off today. these are the living sectors to the down side where we see weakness in financials, material stocks and energy and industrial shares in today's session. it is interesting to note with the sequester coming up, deadline this friday

he joins me on the floor of the nyse. it's almost like yesterday didn't happen. >> the important thing is, i know it doesn't seem terribly exciting but we are 14,000, we're a couple of points from a historic high from the dow jones industrial. we've been up a couple points throughout the day, 14, 164, the historic closing high. i use closing highs, not intraday. that's what you have to do. we could do that in the afternoon. you never know. s&p a little further away, about 50 points there. keep that in mind. we're moving towards that historic high. hmos had a great day. centene good earnings, bring that group up, that's the leader. some are doing well, revlon, estee lauder, excellent reports what's going on in the united states. last week liz arden had a terrible time. store sales dropped. >> kenny is with us as well. it's hard to know where to start. we had a market that wiped out what we saw yesterday. now we have the president speaking at 1:15 or there bouts about pj budget deal. what do you think the market reaction wi

bob pisani joins me on the nyse trading floor to talk about things. last week we were all looking at dow 14,000. but kenny will come in in a minute. and i have been talking about it. the market is due it pull back. >> it is a mod et pull back. while the global markets pulled back a little, watch exchange trade of funds, which is why i watch them put up big losers today. there is vanguard european fund. look, china, second one, that's the biggest china etf. that's down and indian stocks are down as well. and that's the ixg, global financial stocks. that's the weak base that you've got here. in terms of what's moving, moving on the up side today, no surprise. gold like the spieser gold. long-term treasury bonds. and of course ultra short stock ets, like the sds down there, are big ones. if the dow is down today as much as europe is down, italy, the dow would be down 500 points today. that's how much italy is getting hit today and spain, to a lesser extent. i would say the declines in the u.s., fairly modest. given that we moved a thousand point in the m

the man who quite literally wrote the men on google is here on the floor of nyse. look at him, he looks great coming up to join us. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ >>> welcome back to "power lunch." i'm josh lipton. group one automatic sputtering today. the company owns and operates car dealerships, u.s. locations mostly in metropolitan areas in 15 states. reported fourth quarter epps of $0.70. the street wanted to see a $1.19. company ceo talking about strong growth in the fourth quarter, 19% revenue growth. he also said missed some opportunities to maximize profits via complete leveraging of cost structuring. investors unhappy with that miss, stock down 7.5%. josh, back to you. >> thank you so much. einhorn and apple taking their fight to court over return of cash to apple shareholders. the stock down again today

simon is here at the nyse. hi, simon. >> the index of fear, as some people call it, spiking higher. we are below 15, basically all year. now, it is not back at the super fear levels we had of 40 or 60 something years ago. but it may be a very important indicator that the market is beginning to turn. bob pisani kicks off our coverage on "power lunch." bob? >> the important thing is, no energy at all. open to the down side, put up the s&p 500. recently, every time we drop, we see the bounce. not far from lows for the day. how about sectors, commodities once again leaving major sectors on the down side. this is a little change from the earlier in the day when it was more even. consumer staples, only sector in the green. commodity etfs, everything to the down side. base metal stocks, and even steel stocks, slx, to the down side about 2%. finally, this bothers me a little bit, secondary offerings in the last 24 hours. michael kors with secondary. look where it is now. trw had one at 5.25. generac had one, now 33 and change. freight containers, now 42.07. there is not a lot of interest in

let's get to bob pisani at the nyse. i'd like to know whether we've got a situation where stocks are stuck in a positive feedback loop here. >> that's exactly what we've been talking about. feedback means stocks go up, not because there's fundamental news right now, just because people believe that the u.s. stock market is the best place to put money right now. that's a positive feedback loop that's helping. you want to see a positive? this is the market, the bottom of november. this is total stock market. vanguard's total stock market. u.s., all of it. this is the total bond market. you're up 13% since november. total bond markets down 2 or 3%. that's a positive feed back loop. that will break someday. that's not going to continue forever. for the moment nothing is changing it. what would. homeowners index surprising. if you look at the numbers, traffic was lighter than anticipated. it was supposed to be home. we saw home building stocks like len ar, they are looking a little topy. look at lennar, they have been looking

although the third monday in february has popularly known as presidents day, the nyse's designation ofs birthday as a national holiday follows the form of federal holiday outlined above of united states code. if you get to work today and someone says it's presidents day, you say no, sir, it is not. >> you tell macy's that. you tell macy's that. >> i said good day, sir. >> you can't handle the truth. >> scott mcgrew, thank you very much. >> rough for a monday morning. >> i like that. bringing edge today. >> giants are fired up for spring training. >> few more excited than hunter pence. he knows how to get those troops going. let's go down to scottsdale for more on spring training with laurence scott. >> reporter: good morning. all great teams need energy, guys. the giants certainly have several of these kind of guys. one especially known for helping get the guys going. inspirational leader and fiery competitor. those are the words outfielder hunter pence is frequently described. this is his first spring training with the giants having joined the team mid season last year and he couldn't

ty is under the weather so we sent bill down to the nyse. >> hi, sue. here on the floor of the new york stock exchange, every single television was tuned into cnbc in the laugh hour and the sound was turned way up. you could hear carl icahn's voice resonating against the walls of the new york stock exchange. as we all know, the fight started on cnbc on january 25. ackman versus icahn going at it. ackman announcing a short position, or discussing it. we already knew about it. icahn very very coy but we know it was clear that day. icahn is the winner, if it is the prize, and we know on wall street, it is the prize. herbalife opening sharper and moving since that time. still a healthy gain of 7.5%. on the halftime report, if you missed it a few minutes ago, carl icahn turning up the heat on bill ackman big time. listen. >> i bought things that i think were undervalued and i think herbalife is a very undervalued situation. and we've done a hell of a lot of research thon, since ackman has given me the opportunity by bashing it, i think has given me a great o

let's head back to nicole on the floor of the nyse-listed. >> reporter: a couple of pieces of good newsad count. they will reduce the head count pushing back earnings, so let's take a look at the right here. closed down, $16.46 per share. they will reduce headcount by 400 people, roughly 4,000 employee headquarters. and this is obviously part of their bake at that they are doing, trimming big time. first $150 million that the plan and saving. this coupled with the fact that the plan and pushing back their earnings report a day or so, of course we continue to follow the all-time story about the chairman. his baby, the best buy, whether or not he will be moving forward with this one. in the meantime, you see the stock could move to the downside pushing back. you want these companies to report. any change never is perceived as good news. ashley: no, it isn't. you're absolutely right. still no budget deal, and we ar@ less than three days from automatic spending cuts. today fed chief bernanke said congress and the administration should consider replacing the front linkups with policies that

and so at the nyse, we are trading futures. trading commodities. stocks, as well.his deal is not contingent on the ice deal with the new york stock exchange. this is a separate -- >> they are coming one way or the other. >> yeah. >> weigh in on that. >> i think it is insane. it shows where the future is going, right? maybe it opens up an opportunity even for me and my customers to get involved somehow in that. but we will see as that unfolds. >> more synergy. >> speaking of which, synergy brings us to the activity. we are seeing lots of big deals when last year there was a derth of big deals. interest rates are still low. >> i think it screams the fact that there is all this money on the balance sheets and they have to put it to work. do something with it and we are getting to the point where i think we are looking around and seeing there are great deals around there. we will see more of it as the year goes on. once we get more clarity on the fiscal front, policy front. >> and a lot of it doesn't involve debt, either. and could you do debt because of the rates bein

bob pisani at nyse, rick santelli as sye. >> there is a debate about what happens with qe 2.ho do things calm down? when we heard fed officials talking down, essentially. number one, we have confidence up. closing gren. that always helps us. but the feds stay easy for a long time. then leaked reports that mr. bernanke was minimizing concerns about asset bubbles and of course he is going to be testifying next week, mandy, in washington and a lot of traders expect him to reiterate, bullard's comment, that rates are likely to remain low for a long time. can you see the effect on the market here. all of the risk on, if you like to call it that, materials, tech, financials and industrials, all up. almost the same amount. two to one, advance in declining stocks. take a look for the week, you're right, mandy, dow jones is the only major index in positive territory. now it's flat. but transports s&p 500 to russell and nasdaq is the big loser for the week. mandy? >> indeed it is, bob. thank you very much. rick santelli, how we wrap up the week in the bond pits. >> with a lower yield,

the nyse. that's down that away. >> what's up, bob?e had a weird open. then it was sort of like, everybody decided to sell right at open. even europe came in, was lousy. we went straight down and we have been sort of side ways. we have been off of the lows. a lot of concerns go back to europe. mario is talking somewhat devilishly. and i think 24 is the concern about the weakness of the stocks, that is continuing to indicate further weakness of q4 and early 2013. draghi saying, if euro strength continue and starts it hurt growth, they would continue acting. sue, i was asked about the reretail stocks. they were weak early on and generally a good retail report. i think the concern here is that february, a great report raising guidance. i think february, new merchandise coming in. not the old christmas stuff they are selling off might be tougher 20 get rid of that new merchandise. >> okay. stay with us, bob. earlier today, i'm sure you all saw this. former treasury secretary robert rubin made a rare tv appearance on squawk box. he is not h

we're heading to the floor of the nyse for the answer when we come back. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> why would you want to bet against the company that's literally on a rampage, a financial rampage, is the way it's been phrased? look, every quarter since they've come public, they've beaten earnings. this is a company that's challenging facebook for having what i would consider the most defensible social network. >> that company that josh was talking about, right there, linkedin. the stock hitting all-time highs today after beating on earnings. the social networking site getting an upgrade at clsa and a slew of increased est

clifford on the nasdaq and banana sam right there in the middle on the end at nyse.kshire hathaway buying up heinz for $23 billion. heinz also owns the french fry company and they make the food for weight watchers. that's very well played, heinz. google about to have its turn at the movies. "internship" starring "the wedding crasher" guys. it was shot at google. it comes out this summer. they published a new trailer. >> welcome to google. this will not be your average internship. >> we're looking at mental hunger games against a bunch of genius kids for just a handful of jobs. >> that's a sharpie, genius. >> out june 7th. back to you. >> thanks so much. >>> plenty of action in arizona as world champion giants take the field for spring training. >> it's also a busy time in the clubhouse as well. let's take you live to scottsdale for a spring training update. laurence scott is live this morning. tell us you have insight from the man helping the giants gear up for ball since 1958. >> reporter: i'm telling you, he's a true ledgend with this team. you think of mike murphy

. >>> taking you live this morning as we hear the opening bell at nyse. what are markets in store for? we'll see what is going on on this thursday, february 21st. this is "today in the bay." >>> it is 6:30. i'm jon kelley. >> i'm laura garcia-cannon. a developing story in south africa where the decision whether to release olympian oscar pistorius from jail will continue tomorrow. court wrapped up for the day. earlier pistorius sat calmly looking down at his hands as his defense lawyers picked apart the state's murder case. the defense is going after the lead investigator in the case, hilton botha, who we learned is facing murder charges himself. south africa police say the charges against botha stem from a october 2011 incident in which he and two other officers fired shots at a mini bus. they say that botha should be dropped from the case against pistorius. pistorius is facing a setback outside of the courtroom well. coming up at 6:45, we'll tell you about the major sponsor cutting ties with the paralympic icon. >>> growing speculation president obama is

ashley: basketball legend john starks ringing the closing bell at the nyse today.ld have thunk that? to commemorate his scholarship foundation. nicole on the floor of the new york stock exchange. we have a special guest. >> we bring you stocks, stocks, fame and fortune. john starks, ledge end for the new york knicks. all time i i highest three point scorer as well. >> yeah. >> talk about the three-point program, scholarship program. you love it? >> love it. it is great scholarship to go to help students in the tri-state area as well as in tulsa. >> right. college is real expensive now. >> college is very, vest expensive. we want to do our part helping kids go to school. you meet the kids, ever grab your attention in crazy way, where you say wow this kid rely deserves that. >> we have kids from so many different background and kids struggling. we have one lady in a foster home. we were able to lift her up and really enlighten her. >> you've been doing community programs for 20 years at least. let's talk about the knicks right now now. do you think they're going to t

what do traders here at the nyse think of today's market move? let's bring in our friend steve grasso. welcome. you know, a big day for the market recapturing this important level of 14,000. where do we go from here? what are the traders looking for to take it the next leg? >> you know, you spoke about the levels in the dow and the level in the s&p. this is going back to december of '07 levels. so that 1510 mark, once we took that out and we're right around it right now, it's 15 and a quarter, right back to the old highs. 1576. everyone is cautiously optimistic. they are positive on a lot of their own individual stories but we're also waiting for the other shoe to drop. that is just the state of what it's like on the floor. >> it's been such an interesting move that the market is largely able to look past, cover its ears, from any of the noise out there. that helped us get where we are now. can we continue to look past some of the issues to take it further? >> there have been so many issues. first europe, then the united states. all of that seems

pandora trades on the nyse. its stock is up nearly 40% so far this year. on track to set an all-time record, breaking through a five-year high on wednesday. meanwhile, over at the nasdaq, groupon is crumping. that's andrew mason in the middle, launching that stock in the fall of 2011. at the time it was the biggest tech ipo since google. now we kind of doubt mason will last as ceo after last night's financial report sent the stock into another tailspin, falling by 25% in after-hours trading. now, mason, honestly, is a really nice guy. but he's never quite gotten the hang of this. and groupon has been just one of the biggest disasters that we have seen. mason is very, terry, is very sanguine, but he understands that he's going to be out fairly soon. and we think it may be a matter of days. >> that cannot be a good feeling. >> no. >> yeah, he's come to grips with it. you have to. >> he's zen about it. he said he kind of knows about it. >> there will be another gig. thank you, scott. >>> christina loren looking at that forecast. what can we expect today? 70s?

no coincidence that the earlier start time matches rival nyse euronext.daq official told me that this is part of a nasdaq strategy to provide trading tools for diverse investment strategies, time horizon and risk tolerance with the goal, of course, of adding liquidity to its marketplace. they also said that it will make it easier for international desks to interact with the nasdaq and not just firms with multi-national exposure but also retail investors and professionals that want to trade off of global news. some are skeptical of the move suggesting that it makes it more difficult for the individual investor to compete. consider the folks on wall street on the west coast who would be trading say at 1:00 in the morning pacific time. the opposite side of the argument is that trading volumes in the pre-market session are light, as you guys also said. it really wouldn't impact the retail investor. the nasdaq says year to date only 12 million shares change hands during the early hours. they also say that they are looking to implement this strategy on march 18

as we see santa rosa resident snoopy opening the nyse this morning as part of the world baseball classicas well. shares in jc penney in a tailspin after the company reported another quarter of loss losses. jou, jc penney is an odd store. its ceo came from apple where he inviented apple stores. he was going to revolutionize jc penney. he's managed to burn the company down. his first move was to say no more sales. we're just going to have the lowest price possible. he figured it was silly to have artificially high prices that you turn into sales. well, it turns out, marla and terry, jc penney shoppers really like sales. the department store, in fact, announced it's going to have a sale every week. prices up here, cut down to here instead of just keeping them here. >> okay. >> it works. >> yeah, it does. thank you, scott. >>> 6:57. one day away from congress's deadline to avoid $85 billion in automatic spending cuts. lawmakers have not signaled any compromises, and at this point it looks like the cuts will go into effect. president obama is planning to meet with both sides on friday, tomorr

jim, the highest nyse volume of the year, which is what some people found a little disturbing. >> it jarring. no doubt about it. when you saw that boeing, the most conscious stock, one of the few stocks in the dow up. the dow wasn't the worst of the year, s & p was terrible, you have to regroup. i fell backward this morning thinking about, okay, i still think the autos are strong, maybe a pause in housing not that bad, retail dropped off a little bit, but i also still think, you look at lumber prices again on toll prices, lumber going up, a tale of good, not bad. i can't find my major themes disappearing here, aerospace here, housing still here, oil is still here. >> you mentioned housing. today, steifel, upgraded home depot back in '07 cut it is to a lowell. >> there is the bell. at the nasdaq, swedish industrial group. just spoke about them seconds ago. you mentioned boeing, ford, too, making news, hiring 450 workers, investing 200 million in an engine plant in cleveland, little by little here, jimity, kind of things the president was talking about a couple of weeks ago. >> i think

sandra smith is with us, charles payne is here, nicole petallides on the floor of the nyse-listed firstfrom the company on these numbers from the cbo. you are first. charles: seven million people will lose their health insurance. this is the latest. you can imagine as this is implemented, more and more businesses fighting a struggling economy, more regulations, more attacks, they opt out and pay the penalty. let it be someone else's problem, the taxpayers' problem. almost 100% from the previous estimate but this will go higher. stuart: that was buried, seven million people will lose their obamacare insurance coverage, that was buried. so were the 1.4% growth rate and the 8% unemployment rate that we will hit this year from the cbo. the headlines, the media wanted to concentrate on all of them. the deficit will be below $1 trillion. there's a good news. let's pick on that. sandra: every media had line focuses on the drop in the deficit that the cbo is talking about. what we are not talking about is growth. projecting a one.7%, gdp growth in recent quarters versus we were at 2.4% which is

. >> trading debut here at the nyse today. becoming the largest ipo from a u.s. company since facebook. shares of zoetis is trading at $26 apiece. it's the only way to play it in a pure way, because the other animal medicine companies out there owned by larger pharmaceuticals companies. you see here people getting ready for this ipo. very big event down here this morning. >> a huge group outside waiting to get in. waiting in security from the company. so we do expect a fairly robust showing here. in terms of at least people applauding. we'll see how the stock actually performs. chris, don't forget this is part of pfizer simplifying as well. >> exactly. >>s they will continue to hold the bulk of the shares. but they are selling about 17% of the company in this ipo. again, the largest since facebook. >> 27% of revenues coming from brazil, india, and china. it will be one we will watch closely here at the nyse today. >> we're hoping for animals on the floor. >> oh, yeah. >> it would be nice, right? >> livestock is a big bulk of their revenue, so a goat or something.