he is with me at the nasdaq. wait till you see the air when he has been getting through his facebook page, he has strong opinions on this, you have to see this. with a blizzard of earnings reports today with big-name like visa, google and amazon reporting we got or guidebook and we will tell you what is important to look out for. you want to make some money. stay tuned, we are live in times square for a super bowl weekend. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in r. good news. i got a new title. and a raise? management couldn't make that happen. [ male anouncer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex. she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts, and stole her hard-earned money. unfortunately, millions ofu learn all i

look at the nasdaq. er look to understand where we're seeing the losses, because we do have standout stocks like netflix, f5 networks and ebay. those stocks rising on the back of better than expected earnings, but it's biotech, social media. certain subsecretary of sta sec. >> and folks, a busy afternoon with two hours to go before the closing bell. don't go anywhere. that will do it for "power lunch," sue. >> that's right. "street signs" begins after a quick break with the dow down 220 points. we will see you tomorrow on "power." (vo) you are a business pro. seeker of the sublime. you can separate runway ridiculousness... from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. we are the thinkers. the job jugglers. the up all-nighters

s&p down 11 and the nasdaq down 19. this month alone you should know the s&p slid just under 3.5% making it the worst january since 2010. and for the week it seemed like a terrible week, but really the indices were basically flat on the week. >> listen. we had a lot of big swings. 150, 200 points this morning. so the volatility certainly back. i for one don't think this is actually over. there's a lot of digit things on in emerging markets. tim said this a bunch of times. you can't paint them with the same brush but that doesn't mean the imbalances have changed. they need to be corrected. now that everybody has focused on these balances, they have to be tough. >> this is also the last day of the month. that has something to do with it. >> today when i came in i thought we'd see sell pressure. there was some bouncing going on. they would start to see them stop the sell side. remember, monday, fun flows coming in. so you're going to have whoever wants to be buying stocks, whoever wants to be into that marketplace, you're g

the nasdaq down 31. year note, the yield 2.71%. >>> right now, we say good-bye to you and good-bye to ben bernanke. >> we do. it's his last meeting. everybody will be watching that fed meeting. that does it for "power lunch." minutes away from breaking news on the fed after a quick break. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price, maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. mine was earned in korea in 1953. afghanistan, in 2009. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and for

the nasdaq is down about 12 points on the trading day. what are they watching?y're watching the transports because they were negative but they have turned positive on the trading session with a gain of a tenth of a percent or almost eight points to 73.09. also watching up that dollar yen which if you laid the dollar yen chart as rick did earlier this morning over the dow jones industrial chart, they were basically tracking each other tick for tick. everyone is watching the dollar yen right now. as you can see, the dollar is weaker against the yen. in terms of the ten-year note, the trade at the end of '13, 2013, was to basically get out of your bond funds because interest rates were going up. the fed was going to taper. so far, that has not worked, because the ten-year note is now back down again to 2.66% and we have had lower interest rates almost since the beginning of 2014. not quite the beginning of 2014 but almost. so you are up to date on the markets with the major averages set to end the first negative january since 2010. is this the start of that 10% to

the nasdaq now down about 4.4% over the last three days. the worst three day drop since november of 2011 and it seems like that momentum trade is being unwound here. you take a look at some of the biggest losers. tesla now the worst performing stock on the nasdaq 100. social media stocks which had their fair gains in 2013 are also moving lower. you are seeing facebook shares getting hit. facebook reports earnings later this week. all eyes will be on mobile ad revenue. then you look at biotech, the biggest losers there. we have celgene, biogen down more than 2% today. seems like investors are trying to sell some of their winners and we all know biotech has been one of the winning sectors in 2013. lastly, one of the big losers in tech is cisco. jpmorgan downgrading that stock to underweight citing its excessive valuation as well as weakness in emerging markets. back to you. >> thank you very much. >>> over the past week, cnbc has been warning of emerging problems on the horizon. those problems really popped up last week. we learned more about

there you see, still down across the board for the nasdaq, s&p. >> two years for yahoo!. 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

that's the etf that tracks the nasdaq 100. first of all, when you look at the williams percentage r oscillator down at the bottom, which measures whether security is overbought or oversold, you can see the nasdaq 100 has literally been in overbought territory since the middle of 2010. typically overbought is bad. it means you come up too far, too fast and are due for a correction. when something can stay overbought for 3 1/2 years, that tells you it's riding an unstoppable trend. stocks can stay overbought longer than anyone expects. and that's what's called embedded overbought. then there's the moving average convergence indicator or the macd. technicians use it to detect changes in momentum before, not during or after, but before they happen. the macd flashed a big fat buy signal where the black line crosses above the red one in the middle of last year, you can see that. and it continues to be positive territory today. the qqq hasn't had a serious correction in the monthly chart since 2012. but lang says the technicals aren't

the nasdaq is slightly lower at this hour down 15. there's the chart. 4,200 is the level of the s&p. we should mention the ten-year keep a close eye on this one. a lot of people looking at what 2.83% means on this friday. >> we'll ask rick santelli. what do you think? >> sounds good. >> he's part of our "the closing bell" exchange today. so is rich peterson jim schlage, tom doyle. speaking of technology what's the best performing technology stock so far this year? >> in north america we know it's blackberry. >> blackberry. what a surprise. >> after today's performance. >> i'm sorry, i was leading the witness there. rich, what do you think of the earnings so far? they not exactly set the world on fire have they? >> well bill when we kicked off earnings season last week with alcoa, expectations were about 5.8%. now a week later we're at 5.3% for the fourth quarter according to the s&p estimates. what we're seeing it's a trend. energy and consumer discretionary are moving lower. financials and telecom are moving high perer. all in all, ne

many of these businesses are listed on the nasdaq. its ceo is in israel for the opening of a new training form. elliott gotkine caught up with him earlier. the nasdaq in israel, plenty of israeli companies. there unveiling his new trading floor by the chairman and the new chief executive, among other people. up withing to catch him, not just about what is going on here in israel, but globally. themay recall a company by name of twitter, which had its ipo in 2013. list onided not to nasdaq, where many people expected them to, but instead on the new york stock exchange. i asked them if that was a sign that nasdaq is no longer the natural home for u.s. technology initial public offerings. >> we had a very good 2013. not perfect, but we are proud of the success we have had. diversified our listing franchise. our leading sector in 2013 was biotechnology, where we won about 98% of the listings that came to market. what had been a traditional stronghold of our competitors, consumers and industrial. we are happy with our progress and diversify

you saw the nasdaq, the industrials, they participated.ap the breaks a little bit. you're seeing money go constructively into fixed income. >> you're not constructive on a higher market right now? >> actually i am. i look at industrials, transportation, housing numbers. look at the railroad industries and -- >> transports have been setting all-time highs. >> it's oil by rail car. you're seeing things like grain, transportation, commodities by rail car. when you look at the infrastructure in the u.s., toll contin -- it will continue. >> you think commodity prices will go higher. >> i think when you look at what's going on, you're seeing a slight drifting upwards of commodity prices, but when i talk about infrastructure, you're seeing that 8% to 10% upside between now and the end of june. first two quarters i see 8% to 10% upside. >> what would you avoid? >> i look at anything that's incredibly duration sensitive. fixed income, reit exposure. >> because rates are going up. >> we're in a taper environment plus interest rate increase environme

that's the etf that tracks the nasdaq 100. rcentage r oscillator down at the bottom, which measures whether security is overbought or oversold, you can see the nasdaq 100 has literally been in overbought territory since the middle of 2010. typically overbought is bad. it means you come up too far, too fast and are due for a correction. when something can stay overbought for 3 1/2 years, that tells you it's riding an unstoppable trend. stocks can stay overbought longer than anyone expects. and that's what's called embedded overbought. then there's the moving average convergence indicator or the macd. technicians use it to detect changes in momentum before, not during or after, but before they happen. the macd flashed a big fat buy signal where the black line crosses above the red one in the middle of last year, you can see that. and it continues to be positive territory today. the qqq hasn't had a serious correction in the monthly chart since 2012. but lang says the technicals aren't predicting one either. he's not going against

but it's the nasdaq 100 you need to watch. he nas 100 is saying about the year ahead. >>> plus dominic chu on retail detail. dom? >> well, if you bet on the american consumer last year, it returned a healthy profit for you. but this time around, the holiday season, we saw a slowdown into this year, it's carrying through. we will take you to all the big losers in retail so far in 2014. >> see who steve cohen went to the knicks game with last night. back in two minutes. i have low testosterone. there, i said it. see, i knew testosterone could affect sex drive, but not energy or even my mood. that's when i talked with my doctor. he gave me some blood tests... showed it was low t. that's it. it was a number. [ male announcer ] today, men with low t have androgel 1.62% testosterone gel. the #1 prescribed topical testosterone replacement therapy increases testosterone when used daily. women and children should avoid contact with application s. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a

with the nasdaq the biggest loser.us, an under-the-radar biotech play that has three new products in the pipeline. our traders are team seymour, brian kelly,

the nasdaq at multiyear highs once again. i mean, i'm having traders coming up saying why is the market higher today? >> 1848 i believe was the close. we're at 1849 on the s&p 500 right now. we're ever so slightly back above water and we're going to keep an eye on how the rest of the month plays out. it's the worst start to a january since 2001. >> but we are in the midst of earnings season and the earnings have not been horrible. >> no. >> and the beige book today was constructive. >> bank of america. >> and b of a's earnings were pretty good. >> single digits feels like a long time ago as well. >> that's a victory, yes. >> also on today's show, 30 people that could change the future of amazon. they are 30 amazon employees in delaware who are voting today on joining a union or not. they would be the first unionized workers of the giant e-tail e-tailer and they could change the business model. get a reaction from the biggest union leader in the world today richard trumka. >> small group but big story. big implications. >>> and

s&p jumped today, and the nasdaq advanced 0.3%. where have all the flowers gone seems well suited because the sellers just went up and disappeared today. this despite a horrendously weak home sales numbers and they have been a big driver of the economy. i have marvelled at how the stock market has so little memory from day to day. buy buy buy. take google. at one point, it was down 41 bucks. i fel -- it's not the end of the world. and that the heck was going on with google. it was a huge possession for the trust. we hit up everybody. what's happening? everyone who was in a position, you know what? no one knew a thing. the best we can get was hey, there's word out about how twitter's numbers can be too high. had nothing to with google. what happened to the sellers today, what were thinking? they weren't thinking anything. the sellers were reacting. perhaps to the fact that the chart broke down which is why we spend so much time on tuesday looking at the charters. -- charts. you could have caught an 18 point swing yesterday and anothe

the s&p, the nasdaq and the russell all sporting rather gaudy declines here. about .75% for the dow and roughly the same for the nasdaq composite. >>> this as a major snowstorm dumped snow from the great lakes to the eastern seaboard. it's going to be a rough night and a tougher morning tomorrow. >>> and stop the music, please! >> on the first trading day of 2014, let there be cramer! >> jim, welcome. happy new year. >> happy new year to you, my friend. >> you have a new book to talk about. we'll rejoin you, get thoughts about the year just ahead. jim cramer, the wise man cramer is going to be here and tell us how to get rich carefully. >> carefully. >> that is the title of the new book. >>> first, sue, check in from the nyse. >> hi, ty. it's kind of a tough session right here at the nyse. jim's going to weigh in on that in just a second. let's set the stage for you. right now the dow is off of its lows, but we still have a tri e triple-digit decline following last year's 23% run to the upside. the s&p starting 2014 on the down side as well by almost a full pe

coming up...chart talk and why the nasdaq may be the index to watch this year. and after being wracked by bad deeds and bad pr, we take stock of ethics in high finance - next. ♪ ♪ ♪ ♪ ♪ does this sound troubling? more than half of all financial services executives say they don't want to adhere to ethical standards because they feel it would inhibit their career advancement. this, even as the financial services industry is trying to clean up their record in ethical conduct.the information turned up in a new report by the economist intelligence unit which is part of the respected economist magazine.sara mosavi is research editor.first, give us more of the key findings of your study. > >absolutely. what the report was trying to do really was to try and assess the financial services industries record on ethical conduct and try to understand the importance and the role that knowledge of both the firm and the industry plays in the financial services industry. we had a number of interesting key findings. most interestingly, all financial services in our report have sai

sheila on whether the nasdaq's bounce is for real. steve grasso on the key levels to watching today's trade. and morgan stanley's vince reinhardt on the fed follow. we begin with the biggest movers on the biggest day for earnings so far. pete, you nailed it. facebook and under armour. >> you know, we talked yesterday about facebook and the fact it had done absolutely nothing when you look over the last monday or so. basically it had been up 1 1/2% maybe. trading around $55 a share. they absolutely slaultherred these numbers. exactly what murph and a lot of the guys who had been pounding the table on this name or a long time were looking for. they did it, through execution. under armour signaled they were going to and then they actually delivered. it was february notal, scott that the folks actually -- that's why it's a stock picker's market. you're looking for the right stocks to be in at the right time. under armour continues to go up for the upside. >> your brother, jon. which reports matter tonight? amazon, google, chipotle. >> the

a huge day on the nasdaq. focus on that particular composite right there, up 1.7%. at one point it was up over 2% to the plusside. it has come down a little bit. we're expecting earnings from google and amazon. a huge day for tech. "after the bell" starts right now. david: we'll be going back to liz in just a minute. she is at the nasdaq. that is really the center of operations today. let's break down the action. we have tony who is strategic wealth partners cofounder who says the recent drop in the market is just a blip. scott shempper horn, chief investment officer will tell us how to play a pullback bet. daniel in the pits of cme. dan, start with you. those gdp figures it became clear the economy is catching up to what the stock market is doing in 2013. isn't that what you saw? >> that is absolutely what i saw and i've been saying this for one time the market is getting overly worked up on one-off events and not paying attention to your economy and the economic data and that data is showing growth. we have slow spots and we had decent data coming forward and we'll

the nasdaq adding 79 at this hour. the s&p 500 up 21 points. it looks like a strong day across the board. >> all right. let's get right into these markets on the biggest day of the quarter for earnings. capped off with google and amazon just about an hour from now. we're all over that. joining us for our "closing bell" exchange, kimberly foss, steven wood from usz russell investments, greg ipp, and last but certainly not least, our own man rick santelli. steven, to you first. what to make of yesterday followed by today, what's real, what's not, what's likely to continue here. >> i agree with you. the volatility is real. we think it's going to be here to stay. if you look at 2014, we've dubbed this as the year of confirmation. the markets ran hard. risk assets ran hard in 2013. now the fundamentals. certainly revenue fundamentals need to grow sufficiently. so we think we're going get a lot of that. we saw some of the economic numbers come in right now. i think it's important to dimpb shalt between emerging markets being kind of the effect, not t

the nasdaq is also stronger as is the s&p 500. mentioned earlier, we have a little more volume in the market, a little more trading activity in the market and that comes despite the fact that we had a weak three year note auction so the market's on better footing for the bulls today. a quick reminder that we are waiting for that news conference to start with preet bharara about that jpmorgan settlement. as you look at the podium and the live picture, mr. bharara often goes through different parts of the case using the graphs you see right there to the left of your screen. we are awaiting his comments in just a few moments. we will take a quick break and "power lunch" is back in two. and it feels like your lifeate revolves around your symptoms, ask your gastroenterologist about humira adalimumab. humira has been proven to work for adults who have tried other medications but still experience the symptoms of moderate to severe crohn's disease. in clinical studies, the majority of patients on humira saw significant symptom relief, and

the nasdaq is up 70%. i turn it over to guy adami. one of the last original traders from that first broadcast to be here on this desk. >> what we set out to do way back when, what do traders do when the trading day is over? what do they talk about? and we try to level the playing field for folks. and i think in a sense we did it. we were the beneficiary of crazy times. and the markets were dicey. that's where we got our sea legs. it's been a great show. thanks to the folks at home for watching. >> there's some lessons we picked up that we tried to educate our viewers on. >> thanks for reminding me of some of those. for me, one of the black swan idea. the absolute worst underperformance month we ever had was september of 2008, when seemingly, out of nowhere, they banned the short selling of financials. if you had a portfolio that included short financials, stocks opened the next morning. many 100%. that's an unbelievably painful thing to endure. especially if you think you're going to be right. you can't even play. you don't know what t

with the nasdaq the biggest loser. and just breaking, moments ago, google making a $3 billion acquisition. we've got all of the details for you. >>> plus, an under-the-radar biotech play that has three new products in the pipeline. our traders are team seymour, brian kelly, josh brown, and guy adami. dennis lockhart said he will continue to support the bond buying program over the course of the year. the dow, the s&p, the nasdaq ending the day down more than 1%. earnings jitters weighing on stocks across various sectors. brian kelly, overall markets. what do you make of the pullback here? >> last week we saw with the unemployment report, it was weaker than expected. and we thought it was actually weak. it's not because of the weather. then, you had hilsenrath come out and talk about how the fed is on course to continue taper. and lockhart today. the market has to reprice the fact that the fed is going to taper even if the economy is a little bit weaker. so that fed put the strike just renegotiated probably a little low

the nasdaq going down for the ride, down 1.5% at 4155. there are ways to win while the markets drop and we will look at the etfs, they kind of go the other way. we are talking about ways to short the emerging markets without taking on too much risk. it's tricky but you can do it. and signs, signs, everywhere a sign as the old song went. we will look beyond the indexes and the data at some other key stats like trucking and shipping activity to get a different view of what's really going on with the u.s. and the global economy. first, though, let's check in with sue at the nyse. >> it's a very unpleasant day for the bulls once again today. ty showed you the numbers just a minute ago but let's take a deeper look at the dow intraday. take a look at that chart. we are off 200 points plus on the dow jones industrial average. that is just a tad off the low of the session. we have been deteriorating throughout the day, really. the transports, i wanted to highlight because they are really getting hammered today. we are now off better than 3% on th

nasdaq, by the way. nasdaq expects options trading to restart at noon after an earlier halt. we're still sorting through some of the detail on that story. that's the latest from ndaq. have a great weekend. >> have a great weekend. >> see you next week. 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 stil

the nasdaq up nearly 40%. the s&p's best year since 1997. the dow, best since 1995. the january effect. old man winter may be rough on us, but the first month of the year tends to be kind to investors. will the same hold true in 2014? >>> and big payoffs. our market monitor says he has three stocks that could get you at least 20% in the year ahead. all that and more for this final day of 2013, december 31st. >>> good evening, and happy new year, everyone. tyler's off tonight. well, champagne on wall street was flowing today as the dow and s&p 500 ended the year with another round of new record highs. 2013 will be remembered as the longest bull market winning streak since the 1990's. the dow posted 52 record closes, and the s&p taxed on 45 new highs -- tacked on 45 new highs. here the scorecard for this last day of 2014 and for the year. -- of 2013 and for the year. the blue chips reached 16,576, a new milestone. the nasdaq added 22, closing at a fresh 13-year high. and the s&p rose seven points to 1,848. for the year, the dow surged 26.5%. the nasdaq skyrocketed 38%.

i'm sheila dharmarajan at the nasdaq, where we are down for the first day in four. gs pain today. we're down about .3% but we are on track for a gain for the week. let's get to what's impacting the nasdaq the most, intel. taking it in the chin after the disappointing earnings report. a lot of investors concerned about whether the company can truly have a big impact in the mobile market. apple also weighing down the index here as well. it's interesting, there was a lot of momentum in apple stock leading up to the big china mobile announcement. now that the company has actually launched its phones in china, we are seeing the stock pare back a little. microsoft also weighing down the index as well. one big bright spot of green at the nasdaq is a company called alumina, near record highs after it announced two new genome sequencing products yesterday. on that note, biotech has also generally been a very good source of strength today. take a look at stocks like gilead, in the green today. there are a lot of questions about biotech heading into the new year whether it can

the nasdaq is at a 13-year high. leaving many investors wondering if the stock market's rocky january start is the rear-view mirror. >>> union votes, some amazon workers vote on whether to unionize. but could this small group have big repercussions for the company? and ceo of the year, morningstar's pick for the top chief executive is a turn-around expert whose stock has more than double over the past two years. and tyler will introduce you to him. we have all that and more tonight on nightly business report for wednesday, january 15th. >>> good evening, tyler will be along later. well, stocks are on a roll. another triple-digit gain today for the dow blue chips and the s&p 500 and the dow transportation index all rose to fresh all-time highs. and the nasdaq closed at its highest level in more than 13 years. it looks like stocks have shaken off the stumbling start to the new year. they got a big lift this morning, from bank of america earnings. the bank's profits shot up eight-fold from a year ago. also helping? a big

the week, folks. we have red signals particularly on nasdaq. ere was signs, but saw nasdaq much worse declines percentagewise than in the dow. liz: "after the bell" starts right now. liz: it is not exactly a massive correction david, but when you see a triple-digit

meanwhile, the nasdaq and the s&p 500 are ever so slightly positive. we're literally up just about a point on the s&p. the nasdaq adding 16 at this hour. >> let's talk about today's market action in "the closing bell" exchange. katie stockton from btig keith fitzgerald from money map press, rob morgan from fulcrum securities who got slammed in the snow in philly yesterday. jim kahn from wealth enhancement group and our own rick santelli. we all have to deal with snow except forfeits gerald. katie stockton, you still see in the near term here upside momentum. you're probably referring to the s&p, right? >> well, th keye key really is to look beyond the s&p. the market has been in a consolidation phase for a couple weeks if not more in some cases and that's why you get the mixed returns on the major indices, but that frustration really hasn't occurred as much overseas. i would encourage people to look beyond the s&p 500 at the european equity benchmarks many of which broke out from consolidation phases to new multiyear highs. in some of the emerging mark

. >> the nasdaq not immune to today's beat-down. break down the hardest-hit names and the pockets of bright spots after this. announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: ranked highest in investor satisfaction with self-directed services by j.d. power and associates. >>> welcome back. let's go to sheila dharmarajan for an update on what's happening in the nasdaq. turbulent week. what are you seeing today? >> we are making our way back here. just take a look at the nasdaq intraday. we are well off the session lows. in fact, now we are down only about .3%. so really quite a turnaround from the selloff of this morning. doing the heavy lifting is google. that stock hitting a record high after earnings. investors really lik

we are turning around, raise losses yesterday, the s&p and the nasdaq with the arrows, nasdaq up 1.5%ech. that is why i put in tel in there, intel is a leader obviously in the market, shows that technology is doing very well today, jpmorgan raises the company, jpmorgan talked positively about it, but a new price target at $29, the price at 45%, and has led doing well, now forecasting global sales to do so well, and expecting all this to double, and lulu lemon can't make out a new 52 week low, 4899. they're taking their bad p.r. very seriously but they are doing well in the teen segment and really all the social media stuff, yelp, facebook, twitter, linkedin, up arrow across the board, yelp is a great example up 4.5%, a performer on this one and when we talk about commodities, put u.s. steel in and that is a winner, the memo read late -- and the couple were 3% today, lot of green on the big board today, with the exception of gold, back to the vix, plenty of green arrows and every sector and all three major averages. dennis: nicely done, thank you. sandra: paul volcker finds that despit

the nasdaq has turned positive as well, despite the drag from apple.ted some of the winners in the biotech area that's contributing to the move to the upside in the nasdaq. d.r. horton, waters and t. rowe price, three big winners, an almost 10% gain for horton, waters is up 7%, t. rowe price up about 6%. pretty decent day so far down here on the nyse. >> interesting afternoon. very interesting week. of course, the fed meeting results will be out tomorrow. we will be watching that. we will join you at that time. thanks, everybody, for joining us for this edition of "power lunch." >> have a great afternoon. "street signs" begins now. >>> apple shares are down. the dow jones is up. is this a sign that apple, while important, doesn't matter that much to the overall market anymore? hello, everybody. a big day with a lot going on. we are all over apple earnings and why shareholders may need to start to get angry about one thing apple is doing or why not. >>> plus, a look ahead to tomorrow's final fed call by ben bernanke and something is happening in the sou

the nasdaq and the s&p 500 had their first day in three weeks. for those of you counting, this was the first time in six years that stocks didn't rise on the first week of the new year. the s&p 500 finishing up 2013 with a gain of nearly 30%. the dow up almost 27%. both of them setting new records. the nasdaq was up 38% for the year and it hit a 13-year high. >>> the s&p 500 home price index showed its strongest gains in over seven years. and an american icon will soon be fully owned bid a european company. the company is going to be paying more than $3.6 billion to a union controlled trust fund. >>> will 2014 be the year that the economy finally takes off? joining me now is the former chairman of economic advisers to president obama, allen kruger. thank you for being here today. we've been waiting for this moment. is this the year that we finally kick out of the -- and get into a better growth rate? >> i think we're going to see some pick up in growth this year. we've gotten past a lot of the damage caused by the great recession. i think we've g

the nasdaq shedding 90 points or better than 2% to 4128. s and the action we've just witnessed in the market today? let's get straight to it with today's panel. joining me are oun sara eisen, robert frank, and seema mody evan newmark and for more on markets, marian bartells. evan umpyou were here a weak ago. did you really expect it to look like this? >> i think i said something. broadly speaking. it could have been worse. i mean it's not the end of the world. investors shouldn't lose sleep over it this weekend, but you know what? earnings have been mixed, and frankly, i think the market is looking for an excuse to sell. the s&p was up 32% last year including dividends. it's not going to be up another 10% in the first month of january. >> the decline for a double digit year just got tougher. >> you have to look at the rate of how things are selling off. you look at some of the extreme moves and investors around the world, whether you're trading equities, bonds, whatever are watching these markets. you're seeing record lows for the turkish li

we have also got an eye on the nasdaq which is lagging again today. part of that has to do with the intersection of two stories right now. the stock story of the day no doubt is apple which has been crushed. let's look at the shares at the moment. they're down 7.6%. a big move for this name. there are some people who believe this is a buying opportunity. carl icahn buying half a billion dollars worth again. we have someone joining us who says carl is going to take a bath because apple is going down to. he's hear to make that case. >> we're also two hours away from a crucial decision from the central bank, not our central bank talking about turkey's central bank. you need to care about this because the decision it makes will have ripple effects on your money right here in the u.s. it's all part of the emerging markets mess the currency things that are going on over there, possible contagion. our michelle caruso-cabrera is on the ground live in turkey kelly, with the latest. >> wow. let's take a look at markets as we head into this final hour of trade. t

this month, so far, shaping up to be a tough one for the dow, the nasdaq and the s&p.ole. the 2013 sales topped $7 billion. that is up 14% since 2012. nearly one in every three customer was buying big time our for the first time. we have art best partner cofounder joining us now. you are especially well-positioned. you were the ceo all of christie's financial services. first of all, let's just get to the good news. that kind of growth, does it signal economic strength or in said economic fear? >> i think actually several years ago that was the case. people are buying art because of concerns of other investments. i think right now the issue is driven by other reasons. there is a once in a lifetime generational switch over. we are seeing masterworks, for auction that may not come up for auction ever again. people trying to realize the value in the works that they bought as younger collectors. $142 million. dennis: is it true that no painting in the world ever is worth $140 million? what do you think? >> i would not say that. i would say you have a rare work of art that i

take a look at the nasdaq. this the underperformer today and it's the social media names which we have to watch. it's off about 0.4% or 16 points. and the s&p 500, as mentioned, is fighting to return to positive territory. you can look there at the chart and see this turnaround we've had since midday. >> let's talk about the markets in our "the closing bell" exchange. joining us now is rebecca paterson david kudlow anthony chan from chase, and kenny from o'neill securities. our own rick santelli is along as well. kenny, to you first. how does it feel down here after the carnage late friday afternoon? >> you know the carnage, let's not overdo it it wasn't carnage in the sense it was a bloodbath. there was a reassessment. today we've had this 20-point swing in the s&p. now we're rallying back. 1788 yshish is a level where it wants to find support. you can feel them wanting to push it back there and try to close it at that level today. but by no means do i think this correction is over at all. i think there's more

the s&p down 4 points on the trading day. 184433, last tick there. nasdaq composite in the green fractionally trying to hold on to a gain. ten-year note, yield now traded at 2.84%. co-mex gold up $2.40 and brent crude last trade down a fraction. 107.10. a big week for the banks. on tuesday, jpmorgan beating the street with q 4 eps $1.40 versus $1.35 estimate. wells fargo better. q 4 gps, 98 cents on the estimate on the street. wednesday bank of america came in above expectations. q 4 eps, 29 cents versus 26 cent estimate. today, citi missed the mark a bit with q 4 eps 82 cents versus a 95 cent estimate and goldman sachs beating the street withq eps, $4.60, versus, $4.22. profits falling nearly 21% compared to a year ago. joining me, editor-in-chief of american banker and an analyst is with us. nice to have you both with us. neil, start with you. paint a broad brush so far how we're doing with the banks? >> there's weren't an updieside bias. bad numbers now. trading weak, mortgages weak, but the economy is bumping along and the bampnks enjoying that wh loan

the nasdaq higher slightly. most of the names have down arrows, some squeezing out some gains. take a look at intercepts, pharma up 300%. on a liver disease drug, tacking on further gains. back to you. dagen: the jobs report last month was terrible. people were expected the fewest number we have seen in less than three years. the unemployment rate did fall to lowest since october, 2008. that is because about 350,000 people who dropped out of workforce for whatever reason. keeping the labor participation rate at levels not seen since the late 1970s. what make of this putting money to work on the market. director of research, you had to be surprised by this, the weakness in it. >> yeah, it was unbelievably bad jobs report. i think these are some of the same people that cannot roll out website from health care plan, there is just no way the actual jobs number is this bad. the adp number was over 200,000, the gdp number was stronger. they made some kind of mistake in the seasonal adjustment. dagen: do you expect these numbers continue to be about in the 200,000 range. it should be

. >>> welcome back, the nasdaq dome look like the nasdaq -- don't look -- doesn't look like the nasdaqdoesn't. >> they are holding the world economic forum, a very important meeting gets underway and talks about the world economy and we are more connected with other economists and -- economies and hopefully we will get some encouraging news and policies out of that meeting. >> we will smile and say good morning to you, it is already thursday, january 23rd, i am dave clark. >> good morning, i am pam cook, steve paulson, it's clear -- well no there is some fog behind you. >> well, the record is 75 and that's not the issue but there is also very strong gusts up in the east bay hills right above the caldecott and some partly cloudy mostly cloudy skies the winds have picked up for some and i have seen gusts for some and most of the higher elevations in the north bay but mainly above 1,000 feet and 50s on some of the temperatures, there is still some 30s and we are running lower on the 30s and a red flag warning will take us to friday and it may give us some partly cloudy skies, went dip in

for more on how the nasdaq is trying to diversify its business model, we bring in bob rice with tangental partners. last year nasdaq bought shares to compete with the second market. it is a private platform were some of these five at tech companies can try to unlock some value. >> exactly. ,s you heard alan say earlier it is not so easy to go public. there is usually a very long runway between even a successful startup and when you catch a go public with. what do you do for all those years for your employees that are in the building stage? a need cash. more mercenary sense, a lot of these programmers and engineers, they are being sought after by numerous companies. there is the serious competitive aspect. you have to pay them somehow. >> there needs to be some sort of liquidity vehicle that goes before a true ipo. one of the things nasdaq was aiming for was to be able to provide these kinds of services to early-stage companies with the idea that you will get the next twitter so you lock them up for the next ipo. like the vcost investors trying to lock them in earlier, younger, and small

the nasdaq, the s&p 500 also lower. now, stocks of london, frankfurt, paris, following this trend, all down. in japan, the nikkei index falling nearly 2%. here in the u.s., a stock to watch this morning for you, microsoft. shares are up about 3.5% to premarket trading. xbox a big seller this holiday season. 7.4 million consoles flying off the shelves. microsoft's sales were up 14%. that helped the company bring in better earnings. watch msft. another stock we're watching this morning, starbucks up 1.3%. it's the world's biggest coffee chain, of course. stronger earnings raised the forecast for how much money it things it will make this year. starbucks and microsoft, two stocks to watch, but you'll see red ink on the dow if trends hold over the next four hours. >> has not been a good week. >>> it is my favorite time of the day, time for the justin bieber update. probably the biebs waking up with a headache today as he faces criminal charges this morning following his arrest in miami for driving under the influence while