scott wapner is out there, too. cnbc. >>> and welcome to "the closing bell" at this hour. i'm kelly evans at the new york stock exchange with scott wapner. >> i'm in for bill griffeth today. this is not the snapback rebound investors were looking for after a very ugly finish to last week. feels like things have stabilized a little bit more but the buyers are not coming out en masse yet even though the dow from being down 80 or 90 points is positive by 50. >> the action midday did not look so good. now the s&p 500 has turned slightly positive, so it isn't just caterpillar which is pushing the dow up 50 points at the moment, although that's certainly the lion's share of it. so coming up, we'll get some

scott wapner is out there, too. stay tuned to cnbc. >>> and welcome to "the closing bell" at this hour. i'm kelly evans at the new york stock exchange with scott wapner. >> i'm in for bill griffeth today. this is not the snapback rebound investors were looking for after a very ugly finish to last week. feels like things have stabilized a little bit more but the buyers are not coming out en masse yet even though the dow from being down 80 or 90 points is positive by 50. >> the action midday did not look so good. now the s&p 500 has turned slightly positive, so it isn't just caterpillar which is pushing the dow up 50 points at the moment although that's certainly the lion's share of it. so coming up we'll get some perspective from legendary investor john calamos here with his take on what investors should be doing right now. >> could apple help pull this market out of the funk. apple due out with earnings at 4:30. we'll have the crucial numbers the moment they cross with the analysis they need. apple's results will be

then he goes on scott wapner's "halftime report" in one of the most memorable business television appearances since icahn's clash with bill ackman. he says that apple's disgraceful. disgraceful, his word, for not buying more stock given the share's incredibly cheaper and it's governing poorly. icahn charges that apple's an imperial board of directors and he wants that to change. icahn's also going to send a letter, throwing down the gauntlet about a company that he says is a no-brainer to buy. in a one-two punch, a tweet and a tv appearance, we're reminded that apple's a cheap stock and it's about to experience serious agitation in unlocking value. so much for the idea that apple now revolves around some china phone line. how about ebay? it seems incapable of delivering. stock many felt was becoming a risk-free short. sure enough, delivered an inline number and miserable guidance and i was ready to see it hammered once again. >> sell, sell, sell -- >> the house of pain. >> nope. here comes icahn again. this time with a proposal to join the board and split the company into the fast-growing pay

scott wapner, you've got a lot to cover over the next hour. >> no doubt, carl.aterials are down. so many individual stock stories. herbalife breaking within the last hour or so. we will cover all of that right now. welcome to the "halftime report." we're following the biggest stories on the street today. top dog, manager of number one ranked mutual fund is here with his best picks for your money. battle of the analysts. it's pachter and what hmahaney . picking the losers and winners on the high flying trans. pete najarian and his brother jon. josh brown and stephan

let's get to headquarter and scott wapner and "halftime." >> our starting lineup today is pete, joe, mike murphy, and stephanie link. let's get sdrtraight to our gam plan. moving target, the staggering new numbers have just how many customers were effected. playbook playoffs. which traders portfolio is in the lead now and what picks is the panel giving up on already? buzz kill of the employment report. only 74,000 new jobs created. stunning disappointment for those looking for more than 200,000 jobs. so the question now is what does all of it mean to the markets and your money? pee pete, to you first. >> i think in the case of the names that are getting beat up based upon what this number is, i think those are the students to buy into. i think look at what's performing today. and what's performing is homebuilders, exploding still to the upside. you talk about the ten year. it was 3%. now closer 2.9%. i think the concerns there are starting to dissipate because folks are starting to realize that maybe we'll taper, maybe we won't. we did taper but will we taper more? i think that's bac

. >> scott wapner, you're going to have a lot to watch and the banks leading the charge today. >> no doubt. the apple news is a big news and that's going to have more developments at the top of the hour where the ftc will hold the news conference. what's interesting in the market today, the apple is helping the nasdaq 100 having the best two-day run in some time. >> take it away, man. >> all right. see you soon. welcome to the "halftime" report. tesla's turbulent ride, apple's watershed moment, and the latest story regarding the ftc. contrarian call today from the miners from gemma godfrey. simer baker and stephanie link who controls jim cramer's charitable trust. big beat from a big bank has stocks heading higher and trying to put together the back to back up days of the year. the nasdaq 100 is having the best two-day run in about three months. the s&p is also hitting a fresh all-time high today. let's send it over to the desk. you know, pete, i heard from a trader and a pretty big trader today, that's what's most interesting is the pattern seems to be holding true as it has for the

. >> i'm scott wapner in for bill griffeth. let's take a look at where the market stands.ent picture we have now from how we started this day. take a look at the dow. yes, it's still down, but only 88 points. i say only because at its worst the dow was down

. >> let's get back to headquarters, scott wapner and the halftime. >>> thanks so much. let's get straight to our game plan for the second half now. where is the love for twit sner a big downgrade for the stock today, so why is another wall street analyst bailing on the site? on a high note, lyrical's andrew wellington up 50% and now unveiling latest plays. we're trading the market with today's starting lineup, john, pete, steven weiss and anthony, certainly thinks a bit wiser, happy 50th. good to have you here. >> okay. wow, you blasted me right at the beginning. >> right at the top. why wait? >> why wait. >> >> let's get right into it. we have a fun hour planned. we'll talk about the big upgrades and downgrades. let's touch the market, in fact, pete, for a moment. had a nice open. and it was short lived. >> it was. >> now back-to-back losses for the first time since '05. s&p could have three consecutive downgrades to start a year for the first time since '05 as well. what's going on? >> i think the one thing you can still rest on, scott, the fact the financials continu

and scott wapner answered a question about whether or not there is a bubble, does say that market 34e9 metrics are in line. interesting that the market are not giving his comments the weight they might have if they knew he was sticking around. >> all the things you highlighted and then if you look at sort of the balance of work by chairman bernanke and look at where we are now on the aftermath of qe or sort of the beginning of the winddown, you would have to think that he has to be pretty pleased with where things are from a stock market standpoint. we are sitting just about at record highs, from a housing market standpoint on the rebound. the lack of inflation. he addressed that directly, as well, in his comments today saying he doesn't agree with those who say qe will spark the hyper inflation that some people had thought. >> yeah. and i thought it was interesting, too, scott, the fact that people can laugh about some of the dark days he went through. does show you how much distance there is between now and then because it was serious. we all remember. >> we absolutely do. i love the

scott wapner will have more on this in the next hour. >> nice move off the lows for sure. but no denying the fact if people are fleeing equity funds, whether it's here in the united states or in emerging markets and if you're bullish the market, carl, you better hope that this as goes january so goes the rest of the year thing doesn't hold because we're looking at a negative january for the first time in a few years. >> yeah. our question to cashin is, all this pay back for last year or is this the january indicator we all know and love? we'll see. >> we will. carl, you guys have a great weekend. i know you want the broncos to win. good luck there. we'll see what happens in the super bowl. >>> welcome to the "halftime show" on this friday. following the biggest stories on the street today. bing on the board. amazon board mem ben gordon on why the stock is getting hammered today and where the business goes from here. yum or yuck? we serve up a debate on what yum brands will deliver what you should do with that stock. bear market with japan's nikkei 20% off the highs is one

scott wapner, you've got a lot to cover over the next hour. >> no doubt, carl. everything is cyclical is being thrown in the trash condition today. financials are down. materials are down. so many individual stock stories. herbalife breaking within the last hour or so. we will cover all of that right now. welcome to the "halftime report." we're following the biggest stories on the street today. top dog, manager of number one ranked mutual fund is here with his best picks for your money. battle of the analysts. it's pachter and what hmahaney . picking the losers and winners on the high flying trans. pete najarian and his brother jon. josh brown and stephanie link. the dow was down. visa, amx, goldman, boeing, all getting hit hard today. what, guys, are we to make about this, josh? dow is down. this is getting ugly. >> this is the worst gap down open of the year so far. off 1.1%. second worse day overall two mondays ago when goldman said the home market was sloothly worse. however, bonds are looking pretty good. up 3.1% to date. what that tells you, if you're an a

. >>> scott wapner and "halftime." >> thank you. our starting lineup today. josh brown, joe terranova, steven wise and simon baker. officially a yankee. congratulatio congratulations. >>> let's gets straight to the game plan. value play, bill on where he sees the best deals. wheeling and dealing from the charter offer to google's nest egg. we'll breakdown what it means and which stocks to own right now. we do begin though with three critical questions facing investors with the year off to a rocky start. number one, there it is. has the correction started? number two, should you be buying the dip? and three, where is the leadership in this market. that's the big we question start with. josh brown today. has the correction started? >> scott, possibly, but too soon to tell. at the worst point which was yesterday the s&p was off about 2% on the year. i don't think that many market historians would look at that and deem it a correction. but that's not to say we couldn't see minus five, minus ten. certainly it's been really tough for any stocks in any sector to get

scott wapner? >> carl, we're going to be talking about that. get the opinion of what one of our traders thinks you should do with that stock and an investor who thinks this is a good buying opportunity. you know, carl, i've had a lot of calls this morning from money managers saying that this is a buying opportunity across the board in the stock market. if you look back at history at the currency things, if you would have bought the u.s. market 6 to 12 months down the road in most iskas it was higher than where it was before these things started. >> only question -- >> currency thing. >> currency. see what the short term -- >> it got pretty serious. >> i know. sar racks you're with us, too. talk to you in just a second. carl, have a good rest of the day. welcome to the "halftime" show. following the biggest stories. boo-hoo for yahoo!. earnings missed and stocks hammered, should you still bet on marissa's makeover? >>> stealth rally. as money continues to pour into bonds, how long will it work? countdown to the super bowl. a man whos has won the

. >> in the meantime, let's get back to headquarter, scott wapner and "the halftime." >> dow is down 46 points. a number of big calls on the street today. trading all of it. we'll talk to some of the analysts as well. nike unveiling the new super bull uniforms in this hour. we'll talk to eagle star he sean mccoy. all that coming up. [ bagpipes play ] make it happen with fidelity active trader pro. it's one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. i'm here to get the lady of the house back on her feet. [ all gasp ] oj, veggies -- you're cool. mayo? corn dogs? you are so outta here! aah! 'cause i'm re-workin' the menu, keeping her healthy and you on your toes. [ female announcer ] the complete balanced nutrition of great-tasting ensure. 24 vitamins and minerals, antioxidants, and 9 grams of protein. i see you, cupcake! uh-oh! [ bottle ] the number one doctor recommended brand. ensure®. nutrition in charge™. over the pizza place on chestnut street the modest first floor bedroom in tallinn, estonia and the southbou

. >> scott wapner, you've got a lot to work with this afternoon. >> the volatilitvolatility, car back in a big way after nearly none last year. look at the nasdaq 100, what it's done. i'm reading a note from our news desk. down 4 1/2% over the past five days. now the nasdaq 100 is having the biggest gain in four months. >> thank you, facebook. >> right. and some others as well. qualcomm, you know, maybe some others, too. thanks so much. have a great day. >>> welcome to the "halftime" show. following biggest stories on the street. earning search, what the busiest days so far tells us ability where your money will work best. million dollar homes, best bang for your buck in a decade's worth of winning super bowl cities. the original joey t. no offense, joe terranova but former qb joe theismann here with his big take on the game. let's meet today's starting lineup. pete najarian nailed both facebook and underarmour's earnings. jon najarian, josh brown on what he would buy right here right now. mike murphy's playbook is getting a boost today. sheila on whether the nasdaq's bounce is for re

i'm michelle caruso-cabrera along with steve liesman and scott wapner.e making their way to the world economic forum in davos. we'll have andrew liveris and ken rogoff in the 8:00 hour. >>> the ten-year yield, comfortably below 3%, 2.85%. slightly higher this morning but still, we've been puzzling over why it hasn't moved higher. here are your morning headlines. >>> travelers, the insurance company earned 2.68 per share, excluding certain items. that was well above estimates of $2.16 with revenue also above consensus. among the factors helping the results, stronger pricing and better retention levels in the company's business insurance unit. >>> ibm is reportedly in talks with lanovo. more talk about chinese purchases ever overseas assets. >>> new jersey governor chris christie remains embroiled in controversy. his administration is denying accusations that it held back superstorm sandy money from the city of hoboken pending approval of a politically connected development project. that comes shortly after the controversy over whether lane closures on the

higher on the machines. >>> meantime, a big hour is coming up here beginning in a few seconds with scott wapnerrt time ago saying that he's upped his apple stake now worth $3 billion. also we're going to talk to him about his intepgss. as you know, he's called for the buyback. first $150 billion. now 50. we're going to find out exactly what he thinks is going to happen and what happens if he doesn't get his way? maybe that's the most interesting thing. >> i could think of other questions he might get to. take it away. >> thanks so much. welcome to the "halftime" show, following the biggest stories on the street today. the secret to beating the market. the man who wrote the book is here. joel greenblatt reveals the latest. we are

i'm michelle caruso cabrera along with steve liesman and scott wapner.way to davos, switzerland. andrew is there already. we'll be talking to dow clem kal ceo andre liveris and ken rogoff at 8:40 a.m. also a huge chess player. making headlines, earnings season is in full swing plunge the names reporting before the bell today, johnson & jounsan, travelers and verizon. after the bell, we'll hear from ibm and texas instruments. roughly 50% of s&p companies have reported, roughly 50% have missed estimates. u.s. equity futures this morning are suggesting that we are going to have a positive open. the dow would open higher by about 57 points. the s&p by 6. the nasdaq by nearly 16. scott. >> michelle, thanks. in corporate news, two people have been nabbed at the texas border in a credit card fraud

thanks, scott wapner. >>> moments ago the senate slottslo voted.hould be extended. chief koerncorrespondent in washington with more. >> john, what is going on here? >> it's a dynamic process, carl. we saw more republicans to vote than we expected to continue the debate. but this doesn't mean it gets over the finish line. first of all, you're going to have republican attempts to amend the temporary extension on the floor with things that would pay for the extension, things like taking money out of obamacare. the democrats won't want to do. even if they can clear those hurdles and get 60 votes in the end, to get to a final vote and pass a temporary extension you've still got objections from the house. talked to a leadership aide a while ago who said this is not likely to go anywhere unless the president proposes a credible plan with pay fors and incentives to create jobs and no indication the aide said there was no indication the white house intends to do that, thinking that they want to campaign issue for 2014, the mid-term elections. so we're going

let's get back to scott wapner at headquarters. >> carl, thanks., carl icahn telling me just a short time ago the following. over the years i've made a great deal of money buying on these dips of companies i think are no brainers, especially when i think the reason for the dip is completely misinterpreted. carl goes on to tell me, in fact, i believe there was a major positive in apple's message when tim cook stated within the year new products and new categories will finally be introduced. it should be noted the last new product in a new category was introduced four years ago. it was called the ipad. he says the long-term picture at apple is completely unchanged. to me, it is even more compelling for apple to buy back stock now. it should also be noted, carl, from the earnings yesterday we learned the that the cash hoard at apple had gon grown to $159 billion. if you back it the cash here it's trading eight times earning. thus, to the folks over there, carl specifically, that 86 now for apple to do that buyback. he's had a chance to get the earning

as i have reported although he wouldn't commit to today with scott wapner he's also got a position incomes to apple, he has a shareholder proposal again nonbinding, to have them undertake a $50 billion buyback that would conclude with the fiscal year. >> this is incredible. we saw the shares immediately pop on news of the earnings. as you're detailing this proposal and is it a different -- du get a sense this is different from his more an antagonistic relationship with apple? let me ask david garrity about this. what do you make of carl icahn's involvement here? >> well carl icahn if you were to have the same position in ebay he has in apple, actually carl icahn would be a 50% holder and filing a 13d. but if we look at ebay where it is right now pay pal is a standalone company could trade at 25 to 30 times earnings whereas ebay before this announcement was trading about 17 times forward earnings primarily because of the slower online commerce business which arguably you can separate the two. there are other services that can provide online payment support. pay pal does not have to be

. >> i'm scott wapner in for bill griffeth. let's take a look at where the market stands. what a different picture we have now from how we started this day. take a look at the dow. yes, it's still down, but only 88 points. i say only because at its worst the dow was down nearly 1.5% today at its lows. look at the intraday movement. down more than 200 points this morning. then back. volatility, kel, we talked about it yesterday, is back and back in a big way. >> that's right. the vix above 17. that's one gauge of what's happening. plenty of people are going to be trying to figure out whether what's happened in january stays in january or means anything for the rest of the year. >> how about the nasdaq? the nasdaq actually a short time ago went positive. >> yes. and it was down 1.5%. it was an ugly trading session to start things off. overnight we had again, some movements on emerging market currencies. a lot of focus on the yen. it's the new year in china, so that concern has gone away for the time being, but at 8:00 p.m. tonight, just a couple hours, we'll get more data, a

mario gobelli told scott wapner he holds it and generally sees demand for bourbon in particular risingtion growth for spirits overall as a category has really been growing fast. faster than drinking wine and also faster than drinking beer which has seen consumption growth growing even though beer is king when it comes to profit and volume and sales in the overall industry. bill and kelly? >> wow. and by the way, sara the point about brown foreman is interesting. our friend rich peterson pointing out the role of activist investors here. they had a big stake in beam bill. something like 16%, 17%. if you look at brown foreman they are only about 1%. we'll see if that makes a difference as far as how quickly a deal could happen. >> if it's going to happen. see you later. that's how they put the wax on the top of the maker's mark bottle. heading to the close and we are heading lower. down 184 points. that must be about the low of the session right now for the dow with about 30 minutes left in this trading session. >> yeah and the nasdaq off 70 points at this hour. almost 25 for the s&p 500.

. >> let's get back to headquarters, scott wapner and the halftime. >>> thanks so much. second half now. where is the love for twit sner a big downgrade for the stock today, so why is another wall street analyst bailing on the site? on a high note, lyrical's andrew wellington up 50% and now unveiling latest plays. we're trading the market with today's starting lineup, john, pete, steven weiss and anthony, certainly thinks a bit wiser, happy 50th. good to y

scott wapner and the halftime. >>> all right, carl, thanks so much. welcome to the halftime show.an for the second half. that's the spirit, beam shares soaring on news of its $14 billion deal. we're going to hear today from mario gaveli who told you on the half to buy that stock. hot commodities hedge funder kathleen kelly on why she's shorting gold and where she's making money in that space. we begin with the markets and a big call today by goldman sachs saying u.s. stocks are overstretched. the firm's global strategy team downgrading u.s. equities versus other markets. pete najarian, to you first. is that the right call? >> well, i can understand why they made the

. >> in the meantime, scott wapner headquarters and the "half time." >> what a difference sentiment makesour scores a big deal with notre dame. >>> calls of the day. big one on apple, the gap, target, ge and others. our traders s debate it. >>> dan loeb making big news today. should you follow his lead? joe terranova is a big bull on the airlines and so is josh brown but he's making a more budget conscious case. stephanie link is looking into j and j's earnings. steven weiss, rob from ubs, the managing director, 8 billion --

. >> of course we'll send it over to scott wapner who will take over with the "halftime". >> lows ofst market, doesn't it to you guys down there? all these dips were being bought last year. not a lot of buyers out there yet. still waiting for them. >> yeah, cramer's point this morning was for those who couldn't get out on friday they took this morning as another chance. and clearly that led to some weakness today. >> yep. we're at the lows of the day right now. guys, see you again tomorrow. thanks so much. welcome to "the halftime" show. we're following big stories on the street today, core holding, what will apple deliver after the bell and will it be enough to jump start that stock? big cat after earnings beat expectations and the stock rips, what happens now to this battleground name? perfect storm with nat gas

. >> scott wapner, do you have your hands full for the next hour. >> we do, carl. what are you worried about? it's always the unforeseen. last week nobody said they're worried about turkey, or jargen and russia's currencies. right, carl? >> true. hopefully danielle will make things easier for you. >> it's a good day to have that. we certainly need one as do many people down on the floor of the new york stock exchange. have a great weekend. welcome to the "halftime" show. what's the buzz? the catch words, companies are using most in their earnings reports and why you should

. >> scott wapner, you're going to have a lot to watch and the banks leading the charge today. >> noop of the hour where the ftc will hold the news conference. what's interesting in the market today, the apple is helping the nasdaq 100 having the best two-day run in some time. >> take it away, man. >> all right. see you soon. welcome to the "halftime" report. tesla's turbulent ride, apple's watershed moment, and the latest story regarding the ftc. contrarian call today from the

scott wapner will have more on this in the next hour. >> nice move off the lows for sure.s, whether it's here in the united states or in emerging markets and if you're bullish the market, carl, you better hope that this as goes january so goes the rest of the year thing doesn't hold because we're looking at a negative january for the first time in a few years. >> yeah. our question to cashin is, all this pay back for last year or is this the january indicator we all know and love? we'll see. >> we will. carl, you guys have a great weekend. i know you want the broncos to win. good luck there. we'll see what happens in the super bowl. >>> welcome to the "halftime show" on this friday. following the biggest stories on the street da

scott wapner? >> carl, we're going to be talking about that.hould do with that stock and an investor who thinks this is a good buying opportunity. you know, carl, i've had a lot of calls this morning from money managers saying that this is a buying opportunity across the board in the stock market. if you look back at history at the currency things, if you would have bought the u.s. market 6 to 12 months down the road in most iskas it was higher than where it was before these things started. >> only question -- >> currency thing. >> currency.

. >> scott wapner, you've got a lot to work with this afternoon. >> the volatilitvolatility, car backhat it's done. i'm reading a note from our news desk. down 4 1/2% over the past five days. now the nasdaq 100 is having the biggest gain in four months. >> thank you, facebook. >> right. and some others as well. qualcomm, you know, maybe some others, too. thanks so much. have a great day. >>> welcome to the "halftime" show. following biggest stories on the street. earning search, what the busiest days so far tells us ability where your money will work best. million dollar homes, best bang for your buck in a decade's worth of winning super bowl cities. the original joey

let's get to headquarter and scott wapner and "halftime." >> our starting lineup today is pete, joe,numbers have just how many customers were effected. playbook playoffs. which traders portfolio is in the lead now and what picks is the panel giving up on already? buzz kill of the employment report. only 74,000 new jobs created. stunning disappointment for those looking for more than 200,000 jobs. so the question now is what does all of it mean to the markets and your money? pee pete, to you first. >> i think in

. >>> scott wapner and "halftime." >> thank you. our starting lineup today.ee. congratulatio congratulations. >>> let's gets straight to the game plan. value play, bill on where he sees the best deals. wheeling and dealing from the charter offer to google's nest egg. we'll breakdown what it means and which stocks to own right now. we do begin though with three critical questions facing investors with the year off to a rocky start. number one, there it is.