seema mody is on that beat for us as she always is, seema. >> hey, scott.at map. once again a lot of buzz around tech. earnings reaction and exec ty shake-ups dominating the headlines. start with research in motion. shares falling below $10 this morning over more concern on rim losing market share in the smartphone market. let's get straight to the tweets. traders online taking rim's side on this one saying we like it. out with the old, in with the new might be a good thing. brad tweeting, head of global sales is replaceable. in fact, new blood might be a good thing. so that's just a preview of the heated debate on twitter. the bulls saying rim is looking to reinvent itself. a new fresh face heading up sales is what it needs. >> yeah. but, guys, isn't the issue it's not a new face? if he was bringing a new product people actually want today buy, that would be something. >> yeah. could have said turnover has been spot-on and here we are going now. i'm just on a risk/reward, rim sets up interesting. i'm hard pressed to believe there's a lot more downside, alt

seema mody is live at the nasdaq with the latest. seema. >> simon, shares of arena are currently halted as the fda advisory panel reviews arena's obesity drug. there's a lot of anticipation behind this vote given the fda usually follows the recommendation of the advisory committee. obesity is a growing epidemic in the united states effecting more than 30% of americans thus the demand for a drug that is safe and effective is at an all-time high. the last time an obesity drug actually hit the market was over ten years ago. three companies that are racing to get their anti-obesity drug on the market include vivus, arena and orexigen. the stock is up better than 30% this week alone and up 90% year-to-date. clearly a lot of people buying into the stock thinking that its obesity drug will get the green light. back to you. >> and we should point out that arena has more than doubled. if you picked up vivus, you also have done already well. that stock up 130% so far this year. thank you. let's move on. take a check on where we are with cisco

and for a check on the markets, we turn it over to seema mody. good morning, seema. >> good morning to you guys. and tgif. let's get to the news. safety regulators are expanding their investigation into engine fires on the chevy cruz. adding the 2012 model year, the probe now covers 370,000 cars. gm says there had been no reports of accidents or injuries, regulators opened the probe in april after getting reports of two fires when the cars were on the road. in other news, mortgage rates continue to drop hitting record lows for a fourth straight week. freddie mac says the average rate on a 30-year fixed loan hit 3.78%. the lowest rate since the 1950s. the 30-year has been below 4% since december, but it hasn't led for an increase in home sales. many are having trouble qualifying for loans or can't afford the big down payments. >>> taking a look at the markets, futures are trading higher right now. this comes in after stocks stage another late-day rebound yesterday. yikes, investors were whipped around by news just how committed european leaders ar

for that and all the news before the bell, we turn to seema mody. good morning. >> very good morning to you. chinese media reports electronics maker fox con has begun production on the apple television set dubbed itv. the company was preparing for the device but then denied everything a few days later. analysts are divided over when apple could launch itv with some saying as early as january, while others say, hey, not until 2014. it will include voice recognition and face time calling features. in terms of the market right now, futures are trading higher, they appear to be taking the latest news out of europe in stride after spain unveils more detail about the bailout of one of the country's largest banks and greece injecting more cash into the troubled system. european markets are trading higher. it's a big week for economic data today. reports on home prices, consumer confidence. later this week, we get pending home sales and revised outlook on first quarter gdp, auto, and retail sales and to top it all off, we have friday's job report. in terms

for that we turn to seema mody live at cnbc world headquarters. good morning. >> hi, good morning to you. futures are currently trading flat after markets bounced back a bit on monday. the dow snapping a six-day losing streak, the s&p 500 putting in its best day in two months, the nasdaq, the best in five months. asia was higher overnight, but europe is currently trading in negative territory. fitch has cut japan's credit rating citing the rising public debt. we get data this morning on existing home sales for the month of april, so that will likely be a market mover. in terms of how the markets ended last night, the dow rose 135 points to close at 12,504, the nasdaq adding 68 to close at 2,847. in other news, drive-thrus aren't just for satisfying that big mac attack anymore. a new report from the mpd group says sales which slumped during the recession are growing up 3% last year and 2% in 2010. more than 12 billion consumers got their food from a drive-thru window last year. a 2% increase in traffic from 2010. now panera which opened its first d

good morning, seema. >> good morning. u.s.utures are actually slightly higher this morning after yesterday's big selloff as we pointed out, stocks dropping about 1% across the board wiping out tuesday's rally. now the big culprit is europe. bond yields and italy on concerns of mounting debt. that pushed investors to safer markets like u.s. treasuries and asian bonds. european markets are trading higher today. in terms of what the market will react to, we get a ton of economic data out this morning with two reports on the job market as well as numbers on manufacturing and a revised look at first quarter gdp which may show the economy didn't grow as much this winter as previously anticipated. now taking a look at how the markets ended last night, the dow falling 160 points, it's on track for the worst may since 2010. the nasdaq losing 33 to close at 2,837. >>> foreclosures may make up more than a quarter of all home sales. accounting for 26% of sales in the first quarter of this year. the firm says a spike in short sales may be

thank you very much, seema. >> it is on all day long, and so is the weather. christina loren here to tell us about friday and the weekend. i like saying the weekend. >> and i like saying good weather in the silicon valley. we've got a good-looking day shaping up. wherever you're headed, you have a good-looking forecast for this morning. it actually feels kind of crisp out there. it's the coolest start we've had all week. and when you walk out your front door, you will be greeted by really comfortable conditions. but now, i will say it's going to be a little bit cold. if you're spending any more than an hour outside this morning, you will need that jacket. as we head throughout the day, though, by noon, temperatures climbing into the 60s and 70s and then we're going to round out the day with a couple of 80s on the temperature map. one thing that has improved overnight, much calmer winds to contend with this morning. we had really gusty conditions overnight. high pressure building in and moving in quickly. this will bring the temperatures up by about 5 to 8 degr

seema has details on that. seema? >> hey, bill, we will get to pepsi in a moment. but after-election results came in from france. some traders hit the panic button but right now, the dow is down about nine paint. s&p down 2.6 and nasdaq up by about a quarter percent. one of today's winners, as you point out, pepsi. morgan stanley raising u.s. beverage industry outlook to attractive raising its rating on pepsi to overweight saying they view pepsi as win/win situation. stock up about 1% at this point. news on aig, treasury announced plans for 106 million shares. about $5 billion. a move that cuts its take to 53%. another loser is cognizant technology. look at stock. down 19.6%. the information technology services company has lowered its full-year earnings forecast. the company says it's seeing a a slower than anticipated acceleration and deplanned for its services. echoing what some of its rivals have seen as well again, stock down by 19.5%. guys? back over to you. >> thank you so much, seema. all right, we have about 15 minutes left in the closing bell. dow jones in

but as you mentioned, it is happening without facebook and seema mody is joining us. seema? black eye for many involved in the social networking sites public offering while the nasdaq is saying it is not responsible for the sharp decline in shares of facebook. trading error certainly causing confusion on wall street. that pushed some reluctant investors to the sidelines. traders i spoke to say most of their big clients are saying hit the sell button, let the drama calm down, we will buy in once things stabilize. facebook remains the most akive stock on the nasdaq, 143 million shares of facebook traded today. back to you. >> seema, i'll take it. thank you so much. >>> meanwhile, trading higher in the trading session, the uk lender is sillingity stake in black rock. barclay's is said to use it to offset the regulatory changes. better than 3% now. barclay's keeps fighting for return. return on equities for 6.6 percent. short of the banks 2013 goal of 13%. joining me now to talk more about that is barclays co-ceo of corporate inestment banking. jerry, always nice to have you on

seema mody here as usual with her analysis of the twitter heat map. hey, seema. >> hey there.'s trending on stocktwits. the bigger the box, the bigger the chatter on twitter. let's zone in on consumer goods. a lot of chatter right there. general motors has been an outperform in trade after the company hit unlike on facebook. and then warren buffett last night revealing his stake in the company. take a look at some of the tweets we got. if warren buffett loves gm now, he'll love it even more when he gets demolished along side every stock with european exposure. we'll get trader reaction to that in just a moment. let's take a step back and take a look again at the stocktwit heat map. social media stocks obviously in focus ahead of facebook's ipo. specifically chinese social media names. specifically a look at znga, stemming a hot debate. prodominantly bulli isish on stocktwits. there are a few bears out there. brad writing why would you ever invest in a company whose earnings were impacted by higher than expected censorship. scott, these are all high beta momentum trades. i'll l

to the nasdaq now and seema mody. hi, seema. >> hi, sue. stocks taking a breather after yesterday's strong start to the month of may. the adp data weighing on the broader index. to get down to some specific names though, take a look at linkedin. that's one of today's losers. the company suffered a brief outage this morning, but the networking site is back up. therefore the stock is pairing losses. and investors continue to hit the sell button on first solar. that stock moving to an all-time low of 17.78. in today's session the worst performing stock on the nasdaq 100. that's a look at some of the movers today. tech under pressure, sue. >> thank you, seema. let's go to the bond pits at the cme and rick santelli. >> don't put all your eggs in survey baskets. that's the lesson of the day. a two-day chart of 10-year note yields tells you pretty much everything you need to know. ism yesterday comes out, a survey, boom, we go from 190 to 196. today adp more of a head count, more of a quantity number. and it's about jobs, jobs, jobs. boom, we go f

to the nasdaq now and seema mody. hi, seema. >> start with retail.couple of the winners, whole foods hitting the ball out of the park. zumiez raising guidance. switch over to tech though. the best performing stock on the s&p tech index is teradata company reports wowing investors. >> thanks, seema. rick santelli is now at the cme with the latest on the bond market. and there's a lot of handicapping goipg on on what to expect for tomorrow's number, rick, right? >> absolutely. and traders are definitely handicapped due to all the uncertainty in the air that we continually speak to on cnbc. if you look at an intraday and year date of 10s, you can see we're a bit lower. look at intraday we're hovering at a fresh three-month closing. look at the bund closed up from their historic all-time year close 160 basis points. spanish auctionings, they went great except for the fact you paid up for the financing. last chart is euro currency. not highly unchanged from where it's been heading. back to you. >> rick, thanks very much. you're going to stay with us and w

thank you so much, seema. we are in the final minutes of trading.is getting hit very hard. want to do a talking numbers segment. should you be getting this throughout the clothes? joining us now, how are you? >> good. yourself? >> good. what are the charts telling us about jpmorgan? should you buy? >> no, i do not want to buy this trade. >> why not? >> let's take a look. bottomed out in the summer of 201 20111, moved higher and started violating short-term support levels. now, it's very hard for a stock, after having a short term negative trend develop with the gap down to gill it higher. this is not a trend i'm willing to buy. >> when you read about the actual trade that they did, this was this improvement in the market that ended up causing the trouble, right? >> right. >> so what would you buy instead? >> i would like to buy a chart like usb, u.s. bancorp. that tanked around the same time as jpmorgan. however, we had a very sustained move higher. it's still going higher. we put a 50-day moving average on this chart and every time price comes down

. >>> i'm seem ma seema mody and here is what is happening.armin is seeing growth in all of their departments. revenue grew by 26% year over year. fall stronger than what the street was expecting. more people are using their phone to look up for directions. trip adviser, the stock flying high as the top and bottom line beat estimates after expedia soured sour soared on better than expected earnings. back to you. >> seema, thank you. 20 minutes left in today's trading session. retail doing very well. it's the banks and energy stocks under pressure. the nasdaq hanging on by a thread. up a fraction. the only one of the positive stocks. it's starting to fall back into the red. it's off of the best levels. intel one of the best performers for a second day in a row. volatility index up a fraction. today we're seeing opportunities looking for the best places to get the biggest returns. and now a great time to focus on the topic, given that the dow has managed to get out of positive territory in five of the last six trading sessions. >> given a recent

seema mody is over there. >> the dow down 72 points. s&p down around 7 and nasdaq down around 2. now, if the s&p closes up to date, it will have the first five-day winning streak in over two months. that's where the markets are right now. let's get stock steve. verifone registering a beat of 64 cents per share and investors are focusing on the company's current quarter guidance which came in below analyst and toubled retailer and expiring without the company' agreeing to a take over deal. they made an offer that valued tal bot's at $2 million. sleep product group says shipments of mattresses increased 5.4% from a year ago. interesting. semiconductor players also on the rise. analyst day was on thursday and it was making heavy investments. that's what has helped the sector today. guys, back to you. >> seema, thank you very much. >>> 50 minutes until the "closing bell" sounds ahead of a long holiday weekend. you're going to hear a couple of -- hoots. >> what are they going to do? >> three-day weekend. >> she's getting an applause already. >> dow down 72 points. nasdaq down 2 points

seema? >> the stock is still sliding on concerns over europe. the dow down 84 points. s&p lowered by 7 and tech-heavy nasdaq down by 10. taking a look at where we see the most pressure, financials currently trading in economic territory. weighing on the sector as a whole, we have citigroup down better than 2%. one of the bright spots, though, is disney. posing a strong second quarter earnings, revenue up 6% and profits up 21, this is the fifth quarter in a row that revenue is up and the fourth that disney has increased its profits. walt disney currently up 1.6%. however, macy's actually beat street estimates holding a 38% surge in net profit. 38% on the bottom line. but shares are trading lower because it's fully a profit forecast that remained unchanged. also, we have health care stocks in focus today. it's a combo hiv treatment reviewed by the panel on friday. ahead of that, documents that outline the issues with the drug. so far, no major red flags. analysts reflect a stock p better than 2%. lastly, a quick look at pfizer. the advisory panel voting in favor of the a

seema mody has the details. what are we hearing now?in response to the activist hedge fund third point, yahoo!'s board of directors has announced that they have formed a special committee to conduct a thorough analysis of scott thompson's academic credentials. the committee will look into the fact and circumstances related to that. taking a step back investors pulled out of risky assets. the main concern today is europe. back to you. >> seema, thank you so much. six minutes before the "closing bell" sounds. as we approach the close for the day, the nasdaq, best percentage mover. it's threatening to go positive, nasdaq well off the lows. wynn resorts has been the laggards. the volatility index off the highs of the session. it hit the highest level in a month. now a 19.26. bill, over to you at the post. >> maria, it's a down day on wall street and not all stocks are trading lower. look at this. hershey is up sharply today. another 1% gain and average daily volume is about a million shares. it's doing a million shares here at the new york

hey, seema. >> facebook will close with an expected range of $34 to $38 a share.cebook to be the biggest, shares would have to be at $41 or more. it would top visa's offering in 2008 when it raised $19.65 million. in other news the carrier says it will no longer allow customers to keep their grandfathered unlimited plans when they upgrade to its higher 4g network. it lets users use multiple devices on the same plan. now customers will get two gigabytes of data a month equal to five hours of streaming video for $30. verizon planses for five g gigabytes at $50. hopefully you can get your head around to all of those numbers. i'll send it back over to you. >> seema, thank you. >>> there are unique measures for recent vet rahs. the service is free. >>> today actress betty white is coming to washington. she will talk to the smithsonian tonight. the 90-year-old will talk about animals and her book, "betty and friends: my life at the zoo." she'd hello over to see the others aet the national zoo. tomorrow she'll get a private tour of the zoo as well. she has long been a bi

bill, back to you. >> >> thank you very much, seema.alleged improper relationship with an employee. now there's talk of a potential coverup. the star tribune reporting other executives may have withheld information about that relationship from members of the board and now there's an investigation on that. for shareholders, another blow with the stock down 20% in the last three months on best buy. >> of course, this adds on to the bad behavior. we saw it earlier with yahoo! and ceo scott thompson and a stock sale that broke the company rules. we even saw it with chesapeake energy. >> you could go on, i guess. >> investors are priming up to start rising up, apparently. jeff joins us along with an attorney to talk more about what is happening and you've studied this and should those executives be fired? >> they should be fired. we've known each other for probably a century or so but bill, maria, and tom on the other end here, we have been doing this for a dozen years and it isn't that we are these crazy governors that want toville fi ceos

seema mody is on that beat. >> scott, a lot of action on stocktwit today.isk-off rally seems to be pulling traders out of momentum stocks. one tweeter tweeting amazon app is big trouble for netflix. netflix down 80% over the past ten months. and just over the last month it's down 20%. we had b of a saying they expect another year of pain for the company cutting bottom line estimates. for investors who want in on this stock, it's kind of like catching a falling knife. >> it is, pete, right? >> very, very dangerous. we've talked about netflix for a long time. difficult trade. as it's getting to 52-week lows, i'm not sure we're at the lows we're going to see. >> seema, thanks. we'll get to final trades when we come back. tdd# 1-800-345-2550 we're hitting new highs. tdd# 1-800-345-2550 and i'm on top of it all with charles schwab. tdd# 1-800-345-2550 tdd# 1-800-345-2550 i use streetsmart edge and its tools like... tdd# 1-800-345-2550 screener plus - i can custom build my own screens tdd# 1-800-345-2550 or use predefined ones. tdd# 1-800-345-2550 and i can trade

guys, back over to you. >> seema, quick check on the nasdaq.red it because of the dow setting the intraday high. the nasdaq is nearly at a one-month high although it's still down 1.7% from the march highs. intel, big mover on the 100 today adding three points to the index. the volatility index, fear indicator down 4% or has been today. 4 1/3 after rallying. the fear indicator near a one-month low. michelle? >> we're going to stay with the markets because we saw the dow hit a four-year high. my next guest says, however, you would be wrong to sell in may and go away, at least this time around. according to his calculations. investors who stay in this market could get an average return of 4% from may to october. chris johnson is director of research and joins us now to explain why. there's so many cliches when it comes to the market. one is sell in may, go away. the other one is the trend is your friend. that's the one that people should be following right now, correct? >> i'm saying, if we're going to follow one, let's follow the other. they are

back to you. >> all right, thank you so much, seema.minutes until the closing bell sound of the day. let's get a quick market check for you. volatility index surging to three-month high. s&p 500 declining below key 1340 technical support level. this morning we have come back it that level on the s&p this afternoon. but the vix still up 9%. it is up two points on pace to close above 20. even above 21 for the second in a week. let's check out the s&p 500. right now broader average looks like this with a decline of 1% with s&p at 1339 there. s&p on track for the lowest close since early february. >>> so is nokia the next motorola? that would not be a big g thing. andy perkins says that is indeed the case and he is cutting the stock to sell from whole. basically fra bad to worse. >> what andy is worried about is nokia burning through the cash pile and burning through hand sets here in the u.s. is the call valid or should investors swoop in and buy the stock while it's cheap, if it is. on the bullish korjer alex spector. and in the bearish c

. >> seema mody here with what's moving your money.ell-documented rocky start for facebook's life as a public company so far. and now there seem to be questions about whether some investors got special treatment before the ipo. >> reporter: that's right. as you pointed out, the facebook fallout does remain in the spotlight. on wall street and main street. now, according to "the wall street journal," the facebook cfo decided to boost the number of shares in his company's offering by 25% as his main adviser and lead underwriter morgan stanley assured him there was plenty of demand. but some investors claim that's a big reason why facebook shares have tumbled. meanwhile, the massachusetts attorney general is issuing a subpoena to morgan stanley wanting to know about a morgan stanley discussion. a morgan spokesperson says the firm followed the same procedures for the facebook offering that it follows for all ipos. all of this happening while this morning, a research firm decides to initiate a buy on shares of facebook saying fb should be v

seema?t's look at electronic arts down 9.39% and earnings beat street estimates, but outlook was disappointing and that is weighing on the stock after hours. one of the most volatile stocks reporting the first quarter earnings and the revenue came in at $82.1 million and the street was expecting $1 million and they beat on the top line, but the biotech did report in the loss of 103.9 million or 70 cents hear share, larger than what the street was expecting. it's prostate cancer prevention with the main source of revenue and the stock is down 12.7%. another big mover is net revenue for the first quarter at $301 million, up 6.4% from the previous quarter and 31% from the first quarter of 2011. the revenue was negatively impacted by currency exchange rates. the best performing stock on the nasdaq 100, it is phased to interim results on fibrosis combination treatment that showed improvements in lung function much better than what analysts were expecting. thus the 55% pop in the trade and a flat

let's check in with cnbc's seema moody with more. >> u.s.ts for the moment trading higher as today's economic reports yielded better-than-anticipated results on u.s. industrial production and the housing industry. which you just went through. the ongoing issues in greece continue to be a concern for investors. so i would say at this point, traeders are cautiously optimistic in other news we're watching today, the blockbuster drug, plavix used to prevent clotting in heart patients will go off-patent on thursday, making it more affordable for generic option being made available. bristol-myers is the maker and the sales number is expected to decrease drastically after it goes off patent. >>> and facebook's ipo, facebook has filed to increase the size of its ipo by 422 million shares, a 25% jump. this means the deal could raise as much as $18.5 billion. >>> also taking a look at apple, wondering what the next generation iphone will look like? one thing we do no is apple has ordered larger display screens from its asian suppliers. people familiar

back over to you. >> seema, have a great weekend. >>> the "men in black." ♪ >> we're in a situation. that's right. the "men in black" are back. will smith and tommy lee jones return for the third installment of the blockbuster franchise. in this film, smith has to travel back in time and team up with a young agent named k. they discover secrets as they try to save the universe. "men in black iii" is rated pg-13. you might want to stick to a more traditional tour overseas after seeing "chernobyl diaries." six vacationers in the ukraine sign up for an extreme tour of the normer nuclear reactors. as they go through the city, they realize they're not alone. >>> and wes anderson is back with his latest adventure, "moonrise kingdom" the story of two children who fall in love and run away together in the wilderness. the peaceful new england island community is turned uide-down in trying to find them. bruce willis stars in this quirky tale. "moonrise kingdom" is rated pg-13. >>> coming up, fresh ideas for memorial day weekend with 94.7s tommy mcfly. tommy mcfly. plus we're every driver is di

seema mody at cnbc world headquarters. good morning. >> good morning to you. the justice department is reportedly investigating whether bp lied to congress in 2010 just about how much oil was leaking from the deep water horizon well in the gulf of mexico. now the "wall street journal" says a probe could lead to more charges against current and former employees. investigators are also looking at whether engineers working on sealing the well tried to withhold data about the true size of the spill. >>> in terms of the markets, the futures are trading higher as investors get back from the long holiday weekend. investors taking the news out of europe in stride. more details on the bailout of one of the largest banks and greece injecting more cash into the troubled banking system. asia closed higher, europe also trading in positive territory. in terms of data coming out, it's a big week. we get reports on home prices and consumer confidence today. later this week, we get pending home sales, a revised look at first quarter gdp. auto and retail sales. and to top it al

seema talks about greece, i talk about greece an awful lot. try to show you how problems in athens have an effect here. the 30-year fixed fell to the lowest rate because mortgage rates are related to treasury bonds. and they're low because money is flowing out of the u.s. stock market. people worried about the economy, worried about the future of america's biggest trading partner europe and europe's future depends on how it handles greece. what happens in athens can affect the cost of the house you want to buy. >> that is the international trickle down effect. scott, thank you very much. >> christina loren, tracking the weekend forecast. some rain today, though, starts off on this friday. >> easier numbers to follow. easier numbers to follow in my department. temperatures today only going to end up in the 60s. as we head through the weekend, back in the 80s. starting with a live look of the golden gate bridge, and of course, we are already starting to tribute to her 75th anniversary, the big celebration this sunday. catch all the action right

. >>> signs of steady job growth today, let's check in with cnbc's seema mody.t of the day's business headlines, too. >> hi there, barbara the number of first-time applicants for unemployment benefits was unchanged last week, confirming a view of a labor market that's still slowly improving. but that wasn't enough for excite the markets. u.s. markets quickly erasing morning gains as investors continued to fret about the ongoing concerns in europe. specifically, in greece. the markets have been spooked by reports that the european central bank was pulling support from several greek banks. in response, treasury prices gaining and the dollar has spiked after the philadelphia federal reserve index showed an unexpected contraction in the manufacturing for the region this month. speaking to traders, it seems like the only exciting part about the market right now is face book. the countdown is on to the most anticipated ipo in recent memory. facebook will price shares after the closing bell on wall street with an expected range between $34-$38 a share. "the wall street

back to you. >> thank you very much, seema. >>> to chicago once again. this time to give us an update on the markets. tracking the action at the cme. hi, rick. >> hi, sue. if you look at 1.78 yield on a 10-year as you look at this intraday chart, it really hasn't moved much in the last several hours. the reason why it's not moving much is probably there's not going to be a lot of volatility because there's not going to be really a lot of change in the balance sheets of countries and banks overseas and states domestically. think illinois. think california as being poster children for a lot of what ails the country. if you open it up to a chart that goes all the way back to september 1st, you can see third week in september is our record low yield. about seven basis points lower on a closing basis. you can also see that we're trading at levels we haven't seen since october. 2-day chart of bunds shows more dire picture. now in the mid-1.40s and continue to find buyers. last chart, this underscores what's going on in europe. a french bank. i could show spani

maria, back to you. >> seema, thanks so much. in the final stretch here, the market is off of the worst levels for sure, about 50 minutes until the closing bell sounds for the week. the dow is down 44 points right here. >> you will not believe what we have planned for next couple of hours. we are just getting started here on "the closing bell." >>> is call for a compensation at jpmorgan? now john lew is urging a vote against directors. we'll hear from him next. >>> plus, it's the largest tech ipo ever and the darling of wall street today. but are you better off buying shares of apple? which until recently could do no wrong in the eyes of investors. you're watching cnbc. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so ma

sue back to you. >> thank you, seema. still to come on "power lunch," big name retailers report earnings next week. we'll tell you how to play them today. but first, the fbi unveiling a new weapon in its fight against a multibillion dollar crime. and that weapon is you. ncer ]e a what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering, web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. trade commission-free for 60 days, are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. >>> the usually secret

seema is here. >> let's go right with our twitter heat map. chatter on twitter. let's drill down on tech. the elephant in the room there is always apple. but take a look at zinga, grabbing more attention with the facebook ipo this week. the stock up better than 6%. let's get to some tweets we're seeing today at traders tweeting, this is where the money is going this week. another trader overhearing that i'm loading the boat along calls holding until the ipo. those facebook -- there are some traders who are not convinced. one tweeting that he's betting on going below 7 bucks today. another trader saying that he's a little sarcastic, i think ten different analysts stated don't worry we'll be 20 bucks by facebook, just ignore the faulty technicals and inside sales. i guess the question really is how to capitalize. and second can zynga ride on the coattails of facebook and if so how long. >> seema, guys? there is definitely a feeling that facebook, at least in certain circles that facebook is going to lift all votes. you're shaking your head. >> c

tyler, back to you. >> seema, thank you very much.k at yields on the 10-year note among other bonds. as you see there, those yields moving up just a little bit because those are indicating the change in yield to 1.72%. but all of the other treasuries there, the 2-year, the t-bill, the 5-year the yields declining a bit and there's the 30-year at 2.79%. jeff kilburg, what's the 10-year telling you, if anything today and over the past couple days? >> well, ty, like you said, we're seeing equities bounce. we're seeing a supply in the treasury auctions this week, but no doubt about it we are seeing these yields hunker down here the 1.67 that was a level we tested last september 23rd, actually an old 1945 low. i think we're going after it. it's a technical trade from here on out. see people reposition once we violate that because at the end of the day, ty, we are seeing the safe haven trade continue to heat up. >> all right. jeff kilburg, thanks very much. sue. >> it's headline time, ty. let's recap the other big headlines that are driving

seema mody has more on that. >> that's right. pfizer is currently making the case for approval of its novel pill to the fda advisory panel. later this afternoon the panel will run through a series of votes and provide their recommendation. if approved, this drug could compete with the injectable drugs currently on the market. bottom line, if the fda advisory panel recommends approval, pfizer has a chance to add a significant amount of revenue to its top line. sue, back over to you. >> seema, the shareholder spring is in full effect down in charlotte, north carolina, right now. check out some video that we had earlier. protesters being led away from b of a's shareholder meeting. if you think that looks contentious, wait until you see what's going on inside. before the break, five of today's biggest losers. goodyear tire topping the list almost 4% followed by gen worth financial. back in a minute. ♪ why do you whisper, green grass? ♪ [ all ] shh! ♪ why tell the trees what ain't so? ♪ [ male announcer ] dow solutions use vibration r

seema mody is following those numbers there. not a pretty picture. >> certainly not.the nasdaq posting the sharpest losses. much of the blame on apple. that's casting a shadow on component supplies including broadcom, texas instruments and qualcomm. amazon had that blowout earnings report last friday. the shares retreating this week. first solar hitting an all-time low of 1608 after reporting a quarterly loss. one bright spot is micron tech. reuters reporting micron is the likely winner in the bid for that troubled japanese chipmaker. this acquisition would give micron access to the d-ram chips. that's a look at what's moving over here at the nasdaq, sue. >> seema, thank you very much. to the bond pits in chicago where it seems everybody's been going today given the economic data out this morning. rick, how are yields doing right now? >> you know, the treasury market is actually pretty easy for many months now. it's pretty much showing us at least based on its high price low yield trade that it isn't confident on many economic, maybe political, maybe debt issues or al

seema mody on the pharma beat. >> that's right, tyler. pfizer thinks so.to deal with the loss, pfizer is presenting a drug to a panel that advises the fda. it treats a rare genetic disease that impacts a small patient pool of 8,000 people worldwide. yes, limited customer base, but pfizer could essentially own a piece of what could be a lucrative market. a trend we witnessed in the pharma space, getting that first-mover advantage allows the drug giants to dictate pricing. while the advisory panel will make their decision tomorrow, the fda has already expressed a lot of concern around this drug. but pfizer telling cnbc that its data provides substantial evidence that support an approval. ahead of that meeting the stock trading in negative territory. sue, over to you. >> thank you very much, seema. so let's bring in jeff. you know, the markets -- i'm just looking up at the board, we're off of our worst levels, but we're still down 139 points today. so how do you play it? how do you make some money in this market? and how do you protect what you've already mad

seema labor in spain reanimate great have been celebrating their league a triumph the squad and joining an open top bus parade from at the stadium and through the spanish capital around twenty five thousand fans lined the streets three know when i've asked that he go back on wednesday clinching the league cranston's two thousand and eight. well that was the first to be rivals i said again madrid were holding an open training session ahead of their you right believe showdown with athletic bilbao next wednesday madrid won the competition just two years ago when they beat fullam in the final and then be relying heavily on strike a foul can you has scored twenty three times in the league and remarkable fourteen times in the europa league this season patrick in the final would equal his own record of seventeen goals in one euro police campaign set last year when he won the trophy with porto. despite the frantic and to the spanish season reale sporting director and film a pleasant evenings that dan has found time to come to moscow he has been promoting a project close to his heart to develop

ty ler, back to you. >>> seema, let's turn now to bonds. fears of europe driving investors to the safety of u.s. treasuries. yields on the 10-year falling to their lowest level since last september. let's look at the bonds market action. there we start with the three-month t-bell. it's dead in the water. why? it pays no yield. look at that, 0%. no change, basically. 2-year note, the yield is up a little bit. but the 5-year note's yield, the 10-year note yield, 1.78 coming down and the 30-year t bond the yield there moving down. jane, let's go to jane wells monitoring jerry brown's news conference talking about the growing state's budget deficit. jane. >> tyler, yes, the governor just wrapped up a news conference on how he hopes to try and close a $16 billion deficit. and somebody asked him what impact facebook going public may have in helping close that budget. here's what he had to say. >> who knows. that's wall street. you know. if jamie dimon, who's supposed to be a real smart guy can't know that he's losing $2 billion, it's kind of hard

but first, seema mody and a big mover in medical devices, seema. >> that's right. shares of medtronic currently trading in negative territory. even though a pickup in medtronics diabetes and coronary business units as well as strong growth in emerging markets helped the medical device maker beat street estimates. its cue for earnings jumping 28%. over the past two years the economically sensitive med device space has been under pressure. analysts at jeffries telling me that growth has been slower both because of the short-term issue related to the economy and demand for medical care, but also because pricing in a lot of these markets is under increasing pressure. we'll be discussing the head winds facing the medical device space today on "the closing bell" with the ceo of medtronic, omar ishrak. 3:40 p.m. eastern standard time. don't miss it. >> let's see how some of the major medical device makers are fairing this year. st. yud up the most. boston scientific up about 10%. johnson & johnson and medtronic both, however, down about 3% year to date. >>> speaking of on

sue, over to >> thank you, seema.aven has been the treasury market where the 10-year note yields hit about 1.63%. rick santelli's tracking the action for us at the cme. that's the only place to hide today, ricky. >> yes. i'm the toll keeper for the safety island of fixed income markets, at least the domestic ones. if you look at treasuries, look at intraday of 10-year note yields, you can see we're hovering pretty close to the lows of the session in terms of yield, highs in price 1.62. we did trade briefly under it. open to a 20-year chart, you will not find a lower yield. let's look at some of the other maturities along the yield curve. what about a 5-year note? it's currently at 69 basis points. a 20-year chart shows historic low yields. now, let's go to the longest maturity, a 30-year bond, this is a bit different than the rest of the curve. not only is it the longest maturity, highest yield of 2.71, a 20-year chart reveals that in december of '08, right after the meet of the fall crisis, we traded very close to a

. >>> let's get the latest on markets from seema mody. good morning, seema. >>> good morning to you. apple is still the world's most dominant brand. the annual brand study out today shows the ipad maker boosted its brand value 19% in the past year. the study combines the company's market value with its ability to create customer loyalty. seven of the top ten brands are tech-related. not a big surprise there. mcdonald's, coca-cola, and marlboro are the others. facebook was the biggest mover last year boosting its brand value 74% to move into 19th place. a quick check on the markets, futures are flat after markets bounced back a bit on monday, the dow snapping a six-day losing streak. the s&p 500 putting in its best day in two months, the nasdaq, that's our tech-heavy index where facebook is listed had the best day in five months. taking a look at global markets, asia was higher overnight, but europe trading in negative territory. fitch has cut the country's debt rating. we get data out this morning on existing home sales for the month of a

the latest from seema mody. good morning. >> yeah, that's right. good morning.nother day and another twist in the facebook saga. denying reports of talks with facebook about transferring a stock lifting from the nasdaq. the "wall street journal" says facebook's underwriters, morgan stanley, goldman sachs, and jpmorgan have made $100 million in profits from stabilizing facebook's stock over the past few days. shares rose 3% yesterday, the bulk of that profit came monday when the banks bought stock below the $38 ipo price. in terms of where the markets are at right now, futures are a touch lower after stocks staged a late-day turn around wednesday, the dow had been down on news that european leaders are preparing to exit the eurozone. europe may be the center of attention today. new data shows that german businesses are less confident in the country's economy. asia and europe are higher this morning, we also get data on unemployment and the demand for big ticket durable goods. the dow closing off just six points last night to 12,496. the nasdaq rising 11, and the

for that and the rest of the news before the bell, we turn it over to seema mody live at cnbc headquarters. good morning. >> good morning to you, yes. futures right now are higher, coming off another down week of the markets, the dow and s&p 500 closing lower for three straight weeks. europe's debt crisis is still at the forefront for investors. g-8 leaders said this weekend they want greece to remain in the euro zone. eu leaders are holding a summit on wednesday to discuss the matter. asian and european markets are currently trading higher. no economic data out today. but this week we will get reports on home sales, demand for durable goods and consumer sentiment. the dow falling 73 points on friday, the dow lost 3.5% for the week. the nasdaq closing down nearly 35 to 2,778. nasdaq ceo says the exchange is embarrassed by glitches that led to the delay of the start of trading of facebook's ipo on friday. the stock was expected to trade at around 10:45 to 11:00 a.m. eastern standard time, but didn't open until 11:32. some investors didn't find out whether their orders were completed until 2

for more on that and the rest of the news before the bell, we turn to seema mody. good morning. >> good morning to you. just as you pointed out. futures are trading higher after stocks failed to hold on to gains early wednesday. worries about greece offsetting positive economic data on factory output and housing. the markets were spooked by reports that the european central bank was pulling support from several greek banks. japan's economy grew more than expected this winter. europe right now is trading in negative territory. we'll also get data today on new filings for unemployment that will surely be a market mover. in terms of stocks i've been watching today, walmart reports earnings before the open. the dow falling 33 points to 12,598. the nasdaq, the tech heavy index losing 19 to 2,874. the number of foreclosure filings fell in april to the lowest monthly since september 2007. the numbers could rise. florida and 26 other states that require sign off on foreclosure documents are starting to work through huge backlogs of paperwork. also, the countdown is on to t

i'm seema mody. the nasdaq was pushed below 3,000 as traders took risk off the table.pple losing steam after reporting blowouts. the stock down 12% from the all-time high of 644 bucks. the component suppliers like qualcomm following suit. however, there was one bright spot in tech and that was linkedin. shares on better than expected earnings. the company putting its cash to use, acquiring a startup named slide share, a professional content sharing site. interesting stuff. maria, back over to you. >> did google steal oracle's technology to develop its android software? we have breaking news on the oracle case against google. let's go to jon fortt in san jose. go for it, jon. over to you. >> maria, the word from the judge is, take the weekend to think about it. he wants a full verdict, not the partial verdict. the jury was saying that they have come to an agreement on all of the questions except one in this first phase, this copyright phase of this trial. the trial it says is expected to go well into, if not through, june. it's about java in android, the key operating s

seema? >> let's zero in on consumer goods. deck, the troubled uggs maker, may be moving in sympathy of foot locker which is trading at a 19-year high. analysts saying that the technicals look good. guys, is this the time to buy in? >> the technicals do look good. when you look at nike and underarmour and all of that people are going out, judge, and they are buying these $100 tennis shoes. >> i don't see kevin garnett running down the court with uggs on. you're making the same thesis for deck as nike and sporting goods? >> it may be more of a fad space. >> no doubt. >> this is like a look into grasso's closet. you look at uggs and lululemon -- i may look at the rain clothing companies. >> this is be nice to bad trader's day. i'm not even going to respond to that. >> good. because i want to move on. meanwhile, equity fund is one of the best performing large cap mump you'll funds. up 7.5%. what are the stocks behind this success? let's bring in chief investment officer david goerz. welcome to the show. i am glad that they are wha

. >> seema, thank you so much. >> instagram, the trip chowdlry, julia boorstin is in lovely southernalifornia out there in the sunshine today. so, trip, you think a potential buyout would be a bad idea for facebook? why? >> i think we need to look at the problems that facebook currently faces there are two problems that facebook currently has. first, about two to three years back, about 70% came from microsoft ad center. i think investors would want to know how much is coming from existing shareholders, including microsoft and others. the second, 50% of user base is shifting to mobile and facebook does not have technology. >> david, you also think that it would be a risky move? >> right. their return on investment is going to be negative because there's no immediate gain in revenue. the reason they need to do something is that the shift to mobile users is a real challenge for them with a lot of negative connotations. mobile users spend less time on facebook than desktop users. and there's less screen space to put advertising revenue or gains, and this is one of the reasons that zynga

. >> thank you, seema. we have about 20 minutes left. the nasdaq has been doing well here.aq snapping a two-session losing streak on the hopes that greece will stay in the euro zone. nasdaq up 1%, as you can see there, trading a bit better but certainly off the best levels of the day. bill? >> about $25 billion, the value of jpmorgan cashing in to soften the blow from the london whale losses that we've been hearing about. all of that and said, the bank will pocket a billion dollars in sales and use that to offset the more than $2 billion in trading losses that it has suffered. but is this the right move? is it throwing good money after bad we wonder? >> one the issues is selling assets at a time that perhaps you're not getting and pfizer of the world. >> always good to be here. thank you. >> well, let's be real here. jamie dimon. and it now looks the reason that they are selling fixed income and a gain to offset that. >> what is wrong with that? >> if that's in fact what they are doing, the question becomes how do you replace those higher yield fixed income investments that