analysts who cover facebook out of those 27 have a strong buy rating on the stock according to thompson reutersno one is saying so on this news. i talked to venture-capital list and check investor erich hippo in new york, he told me earlier today this is a brilliant complement to what facebook has and more import lee prevents what's app from falling into someone else's hand. i ask about concerns about facebook paying too much, hippos that we thought google paid too much youtube or skype but these are long-lasting platforms and valuations have turned out well. facebook stock recovering today as i said earlier hitting new all-time intraday highs and closing we will be looking at a new record close. diane: -- liz: other earnings are next but can't be out snap chat. that was one that was already attempted to be taken over by facebook and that didn't help. are they in play again? >> it is possible. talking to analysts a lot of them are wondering what is facebook going to acquire next? as they keep collecting these companies are they going to be the next yahoo! company? what does it change? the natur

ten opinions, thompson reuters say sell. who do they know that none of the others do? >> nothing. we recommend the stock at 75 and 80 last year. this is the bullet company. it's up to 136. one of our greatest calls. i'm backing away from it, only because unlike others, we liked it so much lower, you got to cut it in half if you bought it during the endless pounding i did of alliant tech during the government sequester. i need to go to renato in pennsylvania, renato. >> caller: jim, boo-ya how are you? >> good, how are you? call on your recommendation, i bought radian on $10 a share. >> that was easy, it was from philadelphia. >> caller: i wanted to find out whether you think i should stay in or is it time to get out? >> holy cow, the stock is at 15 but reported a monster good quarter and it's also up a lot. genworth and radion were two of my favorites. they doubled and i have to pull back. when you get a double you have to schnitzel and let the rest run. but that quarter saying good things for private mortgage insurance and i'm not giving up on that. can i go to max in california?

thompson reuters university of michigan index found americans optimism was tempered by current moneyfacturing output unexpectedly declined in january. the federal reserve says tax rate production fell 0.8%, the first drop since july and the biggest since may of 2009. that is the latest from the fox business network giving you the power to prosper. melissa: it is about under armor, speed skaters are asking:began skating officials in sochi for permission to swap out there under armor uniforms. these other controversial new suits that some skaters are blaming as the cause for their poor performance after six long track events. that includes gold medal favorites like shawnee davis and heather richardson who have dominated the world cup circuit this season. only to do so poorly at the games they are blaming these uniforms supposedly the team has split pretty much down the middle about who is blaming the uniforms and who says i don't know, maybe we're just having a bad olympics. in any case right now they are asking if they can change out of those outfits. you saw the stock trading down on

check out thompson reuters. they have their own survey.ember, back in the beginning of december, they said maybe 7% earnings growth. now today, they say it's more like 3.3%. again, a lot of analysts are taking down their expectations for earnings. it's only a question of whether or not the weather is going to be as much of an impact on those numbers as we see at least for the time being. back to you. >> the debate goes on. thank you. >>> so can this cold weather provide a boost for some companies? joining us now chase midcap group found and patrick taser. where would you send people to look for a potential boost here? >> one thing that up front it's really hard because a lot of this cold weather is very regional, the northeast, the midwest. yes, they have had cold in the south but a lot of companies being most impacted are going to be local franchises, local businesses that have actually lost activity. clearly in the energy sector that's one of the areas we think there's benefit. you are seeing it in natural gas right now. you are also see

thompson reuters is sliding after the global news and information company reported a steeper than expected drop in fourth quarter profits hurt by cutbacks at financial institutions and europe and emerging markets. it also said sales would be flat in 2014 so those shares down on today's session. >> couple of pretty amazing pictures from inside the national corvette museum which is in bowling green, kentucky. who knew there was a corvette museum, but there is. a sinkhole it is suffering from, and that is to put it mildly. motion detectors set off a security alert and there you see what happened. here's another picture. no word on the damage yet but it does indeed look pretty bad. >>> after three decades of watching foreign auto makers set up nonunion assembly plants in the southern united states, the uaw is trying to organize in chattanooga, tennessee. today through friday, more than 1500 workers at a vw plant are casting their votes, union yes or union no. if the uaw succeeds, the plant will become the first foreign automaker in the south to unionize. we have a cnbc executive with the presi

according to thompson reuters blended earnings growth rate for the quarter has risen to 9.5%, the highest since q-3 of 2011 and if you think yeah, yeah, earnings being boosted by lowering expenses, you're probably wrong because revenue growth is slowly coming back. in fact, 68% of companies have actually beat revenue expectations which is at a 2 1/2 year high. in fact, the tech sector is sporting a revenue growth rate five times higher than the s&p 500. companies like google and facebook posting double digit revenue growth as more consumers go digital. lastly, if you are still not sold on earnings driving stocks higher, companies that have beat estimates on their top and bottom line have outperformed the s&p 500 by about two percentage points on average in the five days following reports that missed on bottom and top have underperformed by 5.6% which clearly indicates that wall street is paying attention to earnings and is rewarding the companies that top wall street consensus. >> seema, stay right there. you have made your case. steve, make your case for the federal reserve. >> i'm just

that's to compare with 6.9 last year and that's roughly in line with the expectations at thompson reuters. on a negative note, the steelermaker believes that the conception growth will slow down into emerging countries, two important ones. one is brazil and the other one is china. that's the reason why it's optimistic, but cautious. over to you. >> thanks, stephane. >>> japan's wave of earnings this week continues with more record beating profits. sachiko kishida has the story. >> up 38% on the year, pickup truck sales dropped higher in the domestic market as demand continued to acceleration from reconstruction projects. isuzu's key market, the political instability there took a toll on the japanese carmaker. but followed sales in the domestic market covered the loss. trading company beni reported record earnings for the month, as well. it posted a jump in profit to 1.5 billion. strong sales in an agricultural commodity segment helped the top line. the weaker yen and the stronger demand from abroad also contributed. meanwhile, machinerymaker kubota revised up its full fiscal year forecast

which means effectively if thompson reuters is right, almost all the 9% productivity annual growth rates in china are from borrowed technologies. now, as the chinese wage rate is moved significantly higher, and closing the gap against the developed world wage rates, the productivity will fall very sharply. and it already is. u can -- we are looking at a double-digit annual growth rate. it's now approaching 6, depending how you measure it. and remember that the chinese figures are not the same as we look at them. they can create whatever g.d.p. they want by just acquiescing in the requirement of a province to filled three office buildings because they need to put people to work. it wasn't -- they needed the jobs. and that is financed by a state-owned bank under instructions coming, essentially, from the state counsel. the result is that you get the g.d.p. that's created there, but it may be a see through building or it may be as is morel vant to the problem, icks sells steel capacity -- excess steel capacity, which is built to create jobs. >> it sounds like animal spirits is a phrase you

the analysts at thompson reuters looked at all s&p sectors and looked at first quarter growth estimatest they are today. the biggest drops in growth assumptions on an absolute basis are energy stocks which had been forecasted to grow by earnings in terms of half a percent in december and analysts are now seeing them with a decline of earnings of 4.5%. material stocks also forecast to grow 10% back then. today growth of just 2.7%. and the biggest drop came in consumer discretionary, the retail stocks. forecast to grow earnings at 16.5% and now forecasts you can see there at about half that amount. so overall, the weather could have a serious impact. it remains to be seen just how much of those revisions are because of things like weather. kelly, back over to you. >> and we still look forward to hearing from walmart, nordstrom, and so many others to close this off. dom, thanks so much. hershey coming off strong earnings report last week. it now announcing this afternoon a quarter billion dollar share buyback program. joining us now, our own sara eisen who is with the company's ceo. sara,

just to take thompson reuters, it does look like -- i mean, 9.5% growth on the earnings side. the rate much better than what people expected. the revenue figure i see from them is only up 1%. so even though the proportion of companies beating looks good by historical standard, 1% ain't much. >> well, you're seeing revenue growth in the industrials this time, which is really sort of the pulse of the economy. so we're seeing revenue growth there. you're probably not seeing it in retail. financials don't really have a revenue number. sometimes that messes up the overall averages. you're seeing it where you want to see it. that, to me, gets me excited. i know when banks are lending, ultimately that will translate to revenue growth in the future. >> jim lowell, the last few years the biggest declines we've had in the market have been about 5%. this one was about 7% for the dow. now we're having this big move up today. i'm going to ask the dangerous question. is the correction over? >> well, we won't know even if it is a correction until we in fact get one. we haven't done so here,