the s&p was down 2 but the nasdaq gained 4. overseas, the nikkei rose 42 points but the hang seng lost 16. stocks tooth a breather from another bull run. after the closing bell, shares of yahoo! surged as investors cheered better than expected earnings and a slight uptick in revenue. coming up before the bell, we'll get a broader snapshot of companies, including forbes, sizer pharmaceuticals and a.k. steel. and we'll see if amazon weathered the crucial shopping season. >>> speculation is the central bank will keep interest rates near record lows. >>> on the street monday, bargain hunters scooped up apple stock after it tumbled 14% last week, putting apple back into the most valuable spot ahead of exxonmobil. >>> also back on top, toyota, the automaker retook the title as the world's largest automaker thanks to a 20% surge in global sales last year. general motors announced it's spending millions for a plant in kansas city where it produces the malibu and the lacrosse. meanwhile, calling out the pay czar for executive pay includi

the nasdaq gained 19. overseas the nikkei dropped 102, but the hang seng rose 91. >>> one week until the big game, bow wall street it is the super bowl of data. this morning, caterpillar kicks things off with earnings before the bill. exxon mobil is also on deck. investors will be looking for clues for how long apple will hold on by largest company by market cap. and more on yahoo!'s turnaround after market close today. >>> a slew of economic data out this week will help determine whether the s&p stays above the 1,500 milestone for the first time since 2007. >>> later this week, we'll see how many americans landed new jobs last month and whether the unemployment rate dips below the current 7.8%. >>> you may be hearing buzz about new credit card fees at the cash register thanks to a class action settlement between credit card companies and merchants. don't pack panic, experts don't think many retailers plan to impose that charge. >>> at the pump, gas prices have jumped two cents in the last weeks to $3.34 on

the dow posted its biggest point gain ever for the first trading day of the year. the blue chip index surged 308 points or more than 2% to close at 13,412. the nasdaq did even better, up 3% for a gain of 93 points, while the s&p 500 tacked on 36. but the nation's fiscal hangover continues in the new year. suzanne pratt takes a look at how much it could hurt investors. >> reporter: the new year's holiday may be over, but stock investors continued partying on the first trading day of 2013. they were celebrating a resolution to the fiscal cliff, after weeks of uncertainty clouded the outlook for the stock market and the economy. big board trader jonathan corpina says investors are pleased the u.s. isn't a total embarrassment around the world. >> i think the fact that we have some sort of resolution put in place for a short period of time is viewed positive into our markets. i think the transparency, the information, some solid facts out of washington is helping this market move higher. >> reporter: still, wall street, if anything, is good with numbers. and, many market pros worry a deal with higher taxes and no spending cuts is not going to add up for

the dow rose over 7%, the nasdaq gained even more, up almost 16%, and the s&p closed the year with a 13% gain. erika miller takes a closer look at the forces driving stocks this year. >> reporter: many investors are asking themselves why the stock market did so well this year, when the economy was so weak? the answer is the fed. >> you have to give them a good deal of the credit. they have had quantitative easing again and again. bernanke has said he does not want us to sleep into that kind of economic coma that seemed to take over japan. >> reporter: and that support from the fed was enough to overcome worries about a weakening global economy, and a debt crisis in europe. but many small investors have missed out on the market's gains this year. on the whole, they've taken money out of stocks, and put it into bonds. >> small investors have become dubious of equities because essentially from 1999 until the beginning of this year, there was no return on equities. they feel they're at a disadvantage to institutional investors and computerized trading. the economy has been lackluster. >>

the dow was up 61 points while the nasdaq gained 14. the consumer financial protection bureau is unveiling new rules aimed at protecting mortgage borrowers. the regulations will ban lenders from offering risky interest-only and no documentation loans and most loan payments will be capped at 43% of the borougher's annual income. the rules will go into effect next year. >>> aig has decided against suing against the federal government. they considered joining a suit filed by its former ceo. it was too severe. aig received $182 billion in taxpayer money during the financial crisis. the company is in the midst of a pr campaign thanking america for its rescue. >>> and we're getting to that -- we're getting close to that dreaded time of year, tax season, and with the tax code nearly 4 million worth, preparing a return is time-consuming work in this country. a new report finds businesses and individuals will spend more than 6 billion hours on tax filings. nearly 60% of filers will pay someone to do their taxes and 30% will use tax software. >>>

the s&p was down 2, but the nasdaq gained 4. overseas the nikkei closed today but rose 42 and the hang seng lost 16. stocks took a breather from an eight-day bull run. we'll see if another onslaught of earnings can turn things around. after the closing bell, shares of yahoo! surged as investors cheered better than expected earnings and a slight uptick in revenue. in today's before the bell earnings action, a broad economic snapshot from a dozen companies, including forbes, pfizer, pharmaceuticals and a.k. steel. and we'll see if amazon weathered the crucial holiday shopping season. i know i spnt a lot. >>> also ahead today, the fed begins its first two-day powwow of the new year. speculation is the central bank will keep interest rates near record lows. >>> on the street monday, bargain hunters scooped up apple stock after it tumbled 14% last week, putting apple back into the most valuable spot ahead of exxonmobil. >>> also back on top, toyota, the automaker retook the title as the world's largest automaker thanks to a 23% surge

the dow posted its biggest point gain ever for the first trading day of the year. the blue chip index surged 308 points or more than 2% to close at 13,412. the nasdaq did even better, up 3% for a gain of 93 points, while the s&p 500 tacked on 36. but the nation's fiscal hangover continues in the new year. suzanne pratt takes a look at how much it could hurt investors. >> reporter: the new year's holiday may be over, but stock investors continued partying on the first trading day of 2013. they were celebrating a resolution to the fiscal cliff, after weeks of uncertainty clouded the outlook for the stock market and the economy. big board trader jonathan corpina says investors are pleased the u.s. isn't a total embarrassment around the world. >> i think the fact that we have some sort of resolution put in place for a short period of time is viewed positive into our markets. i think the transparency, the information, some solid facts out of washington is helping this market move higher. >> reporter: still, wall street, if anything, is good with numbers. and, many market pros worry a deal with higher taxes and no spending cuts is not going to add up for

the biggest gains came in the nasdaq 100 tracking fund, rising 3.2%. and that's tonight's "market focus." >> susie: shell oil is preparing to send salvage crews to the waters in the gulf of alaska, that's where one of its oil rigs ran aground on new year's eve. the kulluck platform is owned by shell, but operated by drilling firm noble corp. it was used for drilling test wells off the north slope of alaska last summer, and has about 140,000 gallons of diesel fuel on board. so far, cold weather and high waves have kept salvage crews at bay. >> tom: finally tonight, the new year marks a time when many people strive for personal improvement. and our viewers are no different. here's allison worrell. >> reporter: among the long list of new year's resolutions, "money matters" often is at the top when the ball drops. viewer taylor shoemaker wants to payoff $10,000 to $15,000 in student loans this year. while jessica schulz says she's going to cut back on eating out. and rusty best plans to put more cash into his 401(k) and roth i.r.a. accounts. while all are

the nasdaq gained 19 points. >>> exxonmobil has once again topped apple as the world's most valuable company. last week apple's stock tumbled more than 14% after the tech giant posted a disappointing profit report. apple first surpassed exxon in the summer of 2011. >>> watch out at checkout if you're using a credit card. some retailers can charge 3% more with credit card purchases. this follows a lawsuit filed in 2005 against mastercard, visa, and other financial institutions. ten states have logged banning to check out fees. >>> maxi foods will reportedly pay up to $30,000 to buy devil dogs, funnybones. hostess announced they were shutting down its business. >>> and han sell & gretel witch hunters cooked up a hot spot. the r-rated action fill raked in $30,000. they plame the cold weather. the supernatural horror film mama came in second and coming in third "silver linings playbook" is up for oscars. >> i heard good things about it. ashley morrison hire in new york. thanks, ashley. >>> coming up on the "morning news," "60 minutes" joint interview with president obama and hillary clin

the dow rose over 7%, the nasdaq gained even more, up almost 16%, and the s&p closed the year with a 13% gain. erika miller takes a closer look at the forces driving stocks this year. >> reporter: many investors are asking themselves why the stock market did so well this year when the economy was so weak? the answer is the fed. >> you have to give them a good deal of the credit. they have had quantitative easing again and again. bernanke has said he does not want us to sleep into that kind of economic coma that seemed to take over japan. >> reporter: and that support from the fed was enough to overcome worries about a weakening global economy, and a debt crisis in europe. but many small investors have missed out on the market's gains this year. on the whole, they've taken money out of stocks, and put it into bonds. >> small investors have become dubious of equities because essentially from 1999 until the beginning of this year, there was no return on equities. they feel they're at a disadvantage to institutional investors and computerized trading. the economy has been lackluster. >>

the s&p was up 8, the nasdaq gained 19. as, the nikkei dropped 102 but the hang seng, that rose 91. >>> one week until the big game but on wall street it is the super bowl of data. this morning industrial heavy weight caterpillar tips things off in earnings before the bell. exxon mobil is also on deck. investors will be looking for clues for how long apple will hold on by largest company by market cap. and more on yahoo!'s turnaround after market close today. >>> a slew of economic data out this week will help determine whether the s&p stays above the 1,500 milestone for the first time since 2007. >>> later this week, we'll see jobs last month and whether the unemployment rate dips below the current 7.8%. >>> you may be hearing buzz about new credit card fees at the cash register thanks to a class action settlement between credit card companies and merchants. don't pack panic, experts don't think many retailers plan to impose that charge. >>> at the pump, gas prices have jumped two cents in the last weeks to $3.34 on average

the dow gained seven percent fo the year. the nasdaq-points to finish out the year above 3-thousand. and the s-and-p-500 rose 23-points. >>> insurance giant a.i.g. is thanking the american people for the nearly 200- billion dollar bailout it received. but, the company also wants taxpayers to know the u-s treasury made a multi- billion dollar profit on the loan. according to a new "thank you america" ad campaign, the government netted more than 20-billion dollars from the deal. stay with us. take a live look at the times square.. >> jacqueline: if you are going out for tonight, grab your jacket, gloves, scarf is going to be cold. we are seeing some cold temperatures and patchy clouds expected. made the coldest temperatures, 30's in a number of locations. what we can expect with some cloud coverage and cold temperatures. those clouds are already clearing right now with frost conditions tomorrow. it will stay chilly for the afternoon. this week, we could see a warm up. first, let us take a look to the satellite & radar. and mostly clear co

the dow gained 63 points to finish at 13,712. that's the highest we've seen since 2007. the nasdaq >>> apple reports its fourth quarter earnings today, and it may have lost some of its magic. last week stocks held below $500 for the first time in 11 months and it's falling short of analysts' expectations in the last two quarters. apple says it expects to report sales of just under $500 billion. home sales were up. the national real estate association said sales dropped in september, but overall sales jumped 9% higher than in 2011. analysts say improved hiring and low mortgage rates should help boost sales this year. >>> and break out the hot sauce. the super bowl is going to be a super weekend for chicken wings. the national council says -- get this americans will consume 1.2 billion chicken wings during the super bowl. that is a lot of wings. wholesale wings are the moist expensive ever. $2 more a pound in the east. that will not stop anyone in my house from eating those wings. >> of course, not. >> thank you very much, ashley morrison here in new york. >>> to sports now, and in t

the nasdaq gained 19 points. >>> exxonmobil has once again topped apple as the world's most valuable company. last week apple's stock tumbled more than 14% after the tech giant posted a disappointing profit report. apple first surpassed exxon in the summer of 2011. >>> watch out for checkout fees if you're using a credit card. some retailers can now charge up to 3% more on credit card purchases. this follows a lawsuit filed in 2005 against mastercard, visa, and other financial institutions. ten states have laws banning the checkout fee. >>> hostess is expected to announce a bidder for drake's snack cakes this week. mckee foods will pay to buy $30 thousand to buy devil dogs, funny bones. hostess announced they were shutting down its business. >>> and han sell & gretel witch hunters cooked up a hot spot. at the box office this weekend. the r-rated action fill raked in $19 million. movie execs blame the cold weather in the east coast for the tepid numbers. the supernatural horror film "mama" dropped this second place, and coming in third, "silver linings playbook," which is up for eight

on the last trading day of the year the dow add 166 points while the nasdaq gained 59 points. >> while investors have reeekted positively to the deal, it's going to result in less money to your paycheck. washington leaders decided to discontinue the social security tax cut enacted two years ago. the so-called payroll tax will rise from 4.2% to 6.2%. that means a person making $50,000 a year will see about a 1,0$1,000 a year more taken fro their paycheck. >>> they took a provision on the so-called dairy cliff. it extended the 2008 farm bill through september. an expiration of dairy programs could have resulted in prices doubling within a few weeks but it appears the house will not vote on aid to victims of hurricane sandy. the senate passed a $60 billion on friday but they have abandoned a vote on a smaller aid package. more than $2 billion in federal funds has been spend on superstorm relief efforts. >>> and hundreds of thousands of minimum wage workers are seeing a bump in their paycheck. on tuesday, ten states raised & their minimum wage levels. the adjusts were automatic in nine of

the dow ended last week up more than 53 points while the nasdaq gained almost 24 points. >> bad news for commuters if you're filling up your car before heading to work this morning. the national average for a gallon of gas is climbing once again, reversing months of steady declines. the lundberg survey reports the price surged 7 cents in the past three weeks. the national average is now at $3.32 a gallon. >>> wonder bread might not be extinct after all. hoss tess is selling off most of its bread brands as part of its bankruptcy procedures. georgia-based flowers foods is expected to buy most of that business which includes the wonder and nature's pride brands for $390 million. hostess is expected to announce buyers for its snacks and dessert cakes over the next several weeks. >>> and gm is showing offer its next generation corvette, and while you can get it in most colors, they will all be green. this is the 2014 corvette stingray unveiled yesterday in detroit. that's pretty sharp. it's the first new version of the american muscle car in nine years redesigned to meet government safety

so far, the dow is up 6%, the s&p 500 has gained more 5% and the nasdaq is up 4.3%. and, if it weren't investors slicing up apple, the nasdaq and s&p 500 would be even better. veteran trader doreen mogavero says people are buying stocks simply because they need income and they're fearful of bonds. >> i think people want to take their money out of the bond market and put it back into an undervalued asset class which equities seem to be at this time. so i think there's an asset allocation process, a reallocation process going one from bonds into equities. >> reporter: the stock market may also be getting a lift from the new spirit of cooperation among lawmakers in washington. on top of that corporate profits, so far are not as bad as many had feared and in some cases a lot better. take procter & gamble, which today released results that soared past expectations. the company also boosted its outlook for sales and profits. >> it's more about the outlook for rest of 2013 than it is for the actual results that we've been seeing so far. and, that is an important distinction

so far, the dow is up 6%, the s&p 500 has gained more 5% and the nasdaq is up 4.3%. and, if it weren't investors slicing up apple, the nasdaq and s&p 500 would be even better. veteran trader doreen mogavero says people are buying stocks simply because they need income and they're fearful of bonds. >> i think people want to take their money out of the bond market and put it back into an undervalued asset class which equities seem to be at this time. so, i think there's an asset allocation process, a reallocation process going one from bonds into equities. >> reporter: the stock market may also be getting a lift from the new spirit of cooperation among lawmakers in washington. on top of that corporate profits, so far are not as bad as many had feared and in some cases a lot better. take procter & gamble, which today released results that soared past expectations. the company also boosted its outlook for sales and profits. >> it's more about the outlook for rest of 2013 than it is for the actual results that we've been seeing so far. and, that is an important distinctio

the s&p was up 1%, and the nasdaq gained half a percent. urth straight week of gains for all three indexes. is this fun or what? and the dow jones industrials now 2608 points from its all-time record high. 1,411,604. u.s. markets are on track for the best january in two decades. how about that? exxon mobile today reclaiming its title as the world's most valuable company. one year after losing that type of sample. apple today dropping more than two percentage on market cap of 413 billion. exxon mobile of fortunes of a percent. market cap moving up to 418 billion. gold, gold tumbled more than $13 an ounce settling at $1,656. oil dropping $0.7 closing just below $96 a barrel. quite a week we have had. the yield on the ten year treasury up one-tenth of a percent of the way up to, are you ready, 195. sales of new homes dropping last month, the decline had been expected, but everyone was looking really at the sales in 2012. last year those sales were the best since 2009. national security concerns continue to escalate over the sale of bank robber

the nasdaq gained ten. and the s-and-p-500 picked up two points.deo service >> netflix is reporting strong gains. and an unexpected profit. in the final three months of 20-12. netflix says it added 2- million subscribers in the u-s during the fourth quarter. and revenue climbed 8-percent to 945-million dollars. netflix now has more than 27-million customers using its movie and t-v internet streaming service. its stock has surged by more than 30-percent since early december. >> the new york times reports some restaurant chefs are getting camera shy. and are now banning patrons from taking photos of their food. the times lists several restaurants in new york city, and others in the united kingdom, australia and canada. as barring customers from snapping pictures. or instituting no-flash policies. restaurants apparently feel people taking photos of their food with smartphones or other cameras and posting them online is ruining the ambiance and dining experience for others. >> coming up alex smith will talk about colin kaepernick and his tattoos gary r

the nasdaq gained just over 19. e s-and-p-500 picked up a little over eight points. >> the pentagon has started laying off thousands of contract and temporary civilian workers. a spokesman says the agency is letting 46-thousand people go. it's an effort to reduce spending ahead of possible mandatory budget cuts in march. if congress fails to reach a deal on deficit reduction, the military will be forced to reduce its budget by billions of dollars. you might be missing some money.and not even know it! there is roughly *58-billion dollars* in unclaimed money and property sitting in treasuries all over the country. the national association of unclaimed property administrators says most of it is held by states. these funds come from forgotten bank accounts, life insurance payouts. you may want to take a look at the online databases. one person in connecticut claimed nearly 33-million dollars from an old stock sale! >> coming up coach karbalcoach karbal and wh colin kaepernick coach harbaugh, coming up the latest informat

the nasdaq gained 6 to 31- 17. s-and-p-500 rose a fraction of a point. >> goldman sachs and morgan stanley have agreed to pay a combined 557 million-dollars to settle federal complaints that they wrongfully foreclosed on homeowners. the fed announced the agreement today. which is similar to deals struck with 10 other major banks and mortgage lenders. the money could compensate hundreds of thousands of americans who lost their homes because of abusive lending practices. consumer advocates are criticizing regulators. saying they settled for too low of a price by letting banks full avoid taking responsibility for foreclosures that victimized so many families. >> cirque du soliel is laying off hundreds of employees. most of them at is headquarters in monteral. 400-people will be let go. starting at the end of the month. the world-renowned circus troupe is blaming increased production costs and expenses for the cutbacks. the cirque employs about 5,000 people worldwide, including 2,000 in montreal. it still has 19-product

the dow gained 17. the nasdaq added almost four points. the s&p lost a fraction. for the first full trading week of the year, both the dow and s&p gained half a percent. the nasdaq ticked up nearly 1%. >> susie: investors were preoccupied tod! with wells fargo. the first big u.s. bank to report earnings. even though its results came in better than expected. investors were concerned by slower loan growth and how much money the bank makes on those loans. the so-called net interest margin declined more thanç expected. wells earned 92 cents, three cents more than estimates. revenues also came in higher than expected: up 6.5% to almost $22 billion. but the stock fell less than 1% to about $35. joining us now, joshua siegel, founder of stone castle partners, a new york investment firm that specializes in banks. josh, welcome to the program, thanks for coming. some disappointment about that slowdown in mortgages at mortgage lending, and mortgage applications at wells fargo. what does this mean for profits going forward at wells? >> well, it really depends on your view of

gains on wall street. the dow jones industrials gained nearly 81 points, the s&p picked up 11, and closed at a five-year high, and the nasdaqained 16. >>> the associated press is reporting that american express will cut 5,400 jobs as a result of restructuring the company and it projects a 46% drop in its fourth quarter net income. >>> and gas prices will dip 5% this year to an average of $3.44 a gallon. that's it from cnbc. now back to chris and "hardball." ♪ >>> welcome back to "hardball." barney frank may now officially be a former congressman but he's not done with washington, at least for a little while. he's made it very clear he's eyeing an interim appointment to fill senator john kerry's seat for a few months until a special election up there in massachusetts. well, take a look at what he said on "morning joe" this past friday. >> would you consider possibly being future senator barney frank if the governor calls you and says fill in for a couple months? a month ago a few weeks ago in fact i said i wasn't interested. it's kind of like you're about to graduate and they said you have to go to summer school. but that de

the dow jones industrial average gained 17 points to close at 13,488. the nasdaq rose nearly four points to close at 3,125. for the week, both the dow and the nasdaq gained a fraction of 1%. those are some of the day's major stories. now, back to judy. >> woodruff: this week has been a bumpy ride, to say the least, for aviation giant boeing and its new jet; a week capped by the government's decision to look closely at the plane's operating systems again. margaret warner has the story. >> warner: boeing began delivering its sophisticated new 787 dreamliner jet to much fanfare 14 months ago after years of production delays. now, a series of recent incidents has raised concerns about the 50 planes in the air, so much so that, today, the head of the federal aviation administration, michael huerta, announced a comprehensive review. >> the focus is on the design, production, and manufacture of the airplane. we're focusing on the electrical systems as the highest level of priority. our focus is on what the data tells us and what we identify as potential issues there. and