we leave transocean alone. it's enough. enough, let's get out. >> this was a rumor stock earlier in the week where people were ruling that petrobras might be taking a look at them. they bought an awful lot of calls at the $45 strike in february. those calls went from $1 to $4.55 today. >> dan, i'll show you some love. i'll tell you it was a good call. we are out of time so you're out of here. see you next week. >> thanks. >> patty edwards, a quick trade on that? >> i own national oil, endorko. that would be the place. >> jp penney runs up 50% in a week. >>> welcome back. what a reek for ron johnson and jc penney. stock surged more than 15% as management blew analysts away at their two-day event. let's welcome jeff klinefelter. he upgraded shares to a buy today. is that fact, were you blown away? you must have been if you upgraded to overweight. >> we were impressed with the presentation. i had a chance to work with ron in the past and have known him for a while. i expected it to be an impressive presentation. i think the bu

is covered by its contract with bp but transocean will still be liable for punitive damages or civil penalties the government may bring over that 2010 spill. transocean share its jumped about 8% in after-hours trading. >> susie: hostess brands wants >> susie: when it comes to teaching your kids about money, it's all about creativity. alisa weinstein explains in tonight's "kids and cash." she's author of "earn it, learn it." >> who knew money had a creative side? oh, but it does. money can bring out the creativity in kids as much as a new watercolor paint set. and this is huge: thinking creatively is a life skill we want our kids to have in their back pockets for personal and professional growth. so how can cold, hard cash help? use money as a tool for creative thinking. give your kid a few bills-- like a ten, two fives and three ones-- and ask her to give you $12 in two different ways. or give her markers and paper and have her make up her own family currency-- money she can use to buy an extra 15 minutes up at bedtime. or, plan a menu and have your child figure out how much it would

bp and transocean right now bp trading lower by nearly 2% in london transocean n.. >>> and starbucks' first quarter profits rose 10% on strong sales in the u.s. and az yachsasia. they are attracting new stores in china. they are launching single serve coffee and other products at grocery stores. starbucks' full-year forecast is slightly below forecast. the can company is acknowledging it continues to struggle with higher commodity costs. starbucks shares yesterday slipped a bit after hours following that report. meantime, ben bernanke is head ing back to class. the fed chairman will teach four classes on the fed's role in the economy at george washington university's business school in march. the classes will also be streamed live on the internet. bernanke has a history on campus and taught grad school in stanford. his term as fed chairman ends in 2014. it's possible he could return to acade academia. in the meantime, a little moonlig moonlighting. >> indeed, bertha. >>> samsung electronics boasted or posted a $4.7 billion profit. on a quarterly basis samsung's tel

transocean can't can be held liable for compensatory damages. >>> the justice department icracking down on mortgage fraud. there will be a news conference this afternoon. and 10,000 people are expected to attend this weekend's building expoe at the baltimore commission. it focuses on homes and landscaping as well. and twitter tweaked technology so it can sensor messages. it's an attempt for them to broaden the audience and make more money. >> and u.s. house democrats take a trip on the eastern show. vice president joe biden will address the democrats annualretreat in cambridge. >>> neighborhoods are a mess inparts of the south after the storms store across the region. this is what things look like in texas. many people have spent the past few days clearing debris and assessing the damage. one woman says before the term they had 150 bird and 8 are missing or living in nearby trees. she believes at least 10 are dead. >> it's enough misery to go around, that's for sure. >> expected of me. >> why? >> people spent thursday pick up shattered piece of their homes fleet apart after the tornado

transocean, the owner of the rig that exploded in the gulf of mexico in 2010, is off the hook on pollution claims, according to a federal judge's ruling. the number of people filing for unemployment benefits rose last week from a nearly four-year low. still, economists say the long-term trend is pointing to further job gains ahead. the average rate for a 30-year fixed mortgage rose from the lowest level on record, but it still remains below 4% for the eighth week in oo a row. orders for durable goods rose 3% last month due to a rebound in business spending on machinery and equipment. among positive earnings reports, caterpillar profits jumped 16%. profits were up 3% for 3m on higher demand for products for the home office and the car. strong smart phone sales for samsung profits jumping 17% for the fourth quarter. a plan to reinvent jcpenney and cut prices sent shares for the chain soaring 19%. taco bell is now selling breakfast burritos and hash browns at some of its restaurants. starbucks profits are up 10% and they are adding stores but the very first starbucks location on the east coas

the columbine killings. >>> transocean, remember them?'t have to pay any of the $40 billion in clean-up costs, and all those economic damages that were caused by the deep water horizon oil rig explosion in 2010. federal judge said, yeah, that would be bp that needs to pay all of those costs. transocean could still face civil costs, so they may not be out of the woods yet. >>> super bowl is just over a week away but fans are having a hard time finding officially licensed team gear. a shift in suppliers from nike to reebok after ten years has meant a shortage of team jerseys and a lot of other merchandise as well. >> i bet i know where you can get it, china. >> they do all sorts of stuff like that. it looks real official. >>> soledad o'brien is coming up next, and she's going to join us right now with a look at what she's got on "starting point." hi, soledad. >> good morning. the day after the debate, we are talking about how it went,winne. and we're going to talk with thorning with actor and former representative. we're going to ask him ab

elsewhere transocean, the owner of the rig that exploded in the gulf of mexico in 2010 is off the hookpollution claims. this according to a federal judge's ruling. >>> the number of people filing for unemployment benefits rose last week from a nearly four-year low. still, economists say the long-term trend is pointing to further job begans ahead. >>> the average rate for a 30-year fixed mortgage rose from the lowest level on record. but it still remains below 4% for the eighth week in a row. >>> orders for durable goods rose 3% last month due to a rebound in business spending on machinery and equipment. >>> among positive earnings reports, caterpillar says its fourth quarter profit jumped 60%, an indicator of the strength of the global economy. profits were up 3% on 3m on higher demand for products for the home, office and car. >>> strong smartphone sales for samsung sent profits up 17%. >>> and jcpenney soared 19%. >>> taco bell is jumping into the busy fast food breakfast market. it's now selling breakfast burritos and hash browns at some of its restaurants. >>> starbucks profits are

says that the suit is no merit the federal report said that bp halliburton and another company transocean share responsibility for the biggest oil spill in united states history >>british police are investigating the murder of a woman whose body was found on the country estate of queen elizabeth in eastern england some walking in the 600 not acre public park that is part of the queens estate in sandringham discovered the body on sunday shortly after the queen and prince philip attended in years to a church service nearby police have sealed off the area while forensic investigations are being carried out an autopsy is expected to be done today >>and aggressive statement from iran today as u.s. and european union economic sanctions take their toll i ran said that it will take action if the united states navy moves an aircraft carrier into the persian gulf where iranian naval exercises are underway that country's currency has fallen 40 percent against the dollar this past month many iranians are scrambling to buy dollars to protect their savings and iranian army chief said the u.s. aircraft

transocean may still be liable. watch for price hikes -- colgate palmolive expects to raise prices.u can bring in any old crib, car seat, bassinet, stroller or highchair and upgrade to new gear at a 25% discount designed to boost sales. as giants and patriots get ready for the big game there may be a lot hoping to go to see it. one in five would miss a wedding or funeral to attend a super bowl with their favorite team. 15% say they would be willing to miss the birth of their child. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> in capitol -- the city owned pacific -- . >>> jim capoot was shot pursuing a bank robbery suspect last november was well-known for working with kids in the community and had coached the vallejo high girl's basketball team, 29 mile walk to honor capoot begins at 8 a.m. from the home depot in vallejo it will end with a catered dinner in vacaville, cost $30, proceeds going to the capoot family trust. >>> right now police are combing one of the dorms of the campus of san jose state. an overnight sexuall4 assault. the latest

. >> transocean is the owner of the deepwater horizon rig. the company is not going to be held liable for the oil spills below the ocean surface but could face punitive damages and fines. a trial to determine how to divide the blame for the spill will begin on february 27. deals on big screen tvs may be not so super this year. holiday sales were pretty strong so retailers probably won't have as many sets in stock ahead of the super bowl. scours are discounting fewer models. features with smart tv apps at full price. if you check they are offering $600 discount, best buy has some off some sharp 60 and 70-inch display. watch my new england patriots avenge their loss and trounce the giants. this time eli manning is not going to win. >> is that a prediction? >> my prediction. >> more like a statement than a prediction. that was a declaration. >> it has to be. it doesn't make me terribly popular here. you can imagine. really looking for a little luck and a little revenge. >> thanks so much. have a great friday. >> coming up a bay area marine get a

there was something called the zenith transoceanic series of radios and they actually used separate aa combination ab battery. and once they fell out of use, they didn't want to rename other batteries by that because there was an a and a b. they just don't really exist anymore. apparently you can till find them and you can find antique batteries in antique radios but they're not use giant food so the aa is a graduated version of the a. take it to the next level. >> kind of. >> like the $2 bill. >> we have to go apparently. sorry. >> if you have a question you want answered, go to myfoxdc.com. good song choice. click on the weather tab. you can upload your video question and we may may it on air. >> julie, our viewer says tony is bomb-diggity. >> then tony says what does that mean. you have to say it in tony perkins language when is you're one cool cat. >> not that old but you, julie are the cat's pajamas. >> what? >> i'm allergic to cats. the crew in sky fox with us this morning checking out that ride on the beltway traveling between an and del and merrifield. a slow go approaching 23

transocean did it, too. it's a careful hold. you have to be a little bit careful to hold them here. >> danneddanned, good to have y the show, as always. what do you do with these? >> i'm struck by how stable the price of oil is and doesn't seem to be anything -- pretty static global economy to change that. i happen to agree on the oil services names. they certainly have underperformed what seems to be pretty, you know, decent ongoing business and, you know, when you see that, you tend to want to be in them. >> maybe stays that way. if the global economy isn't robust to raise demand and lift the price, you have the iran issue putting the floor under and the pocket of oil sitting in for some time. >> service names, a decent few weeks and you feel like they don't have a lot lower to go. i don't know when that pop happens on the upside and seems like the price of oil, we have a floor here. >> yeah. let's get a trade update now from joe. overweight to the energy space. why are you doing that? >> i think in terms of price action, now

the new orleans judge says transocean, the owner of the rig, won't be liable to damages for third parties the worst u.s. oil spill in history. >>> john mccain will be joining mitt romney today. he will be with him through the weekend. mccain is urging florida voters to of focus on the candidates' records and not debate performances. >>> opening night at the winter x games. catch this. kol on t colton moore takes a spill. he loses his grip. comes crashing down violently on his back. but get this, he walked away unharmed and then went on to the finals and won the gold medal. all right. sing it with me, yep, abba. abba is making a comeback. the group plans to release their first new song in 18 years. they're going to rerelease their final album "the visitors" in april and include a previously unreleased song called "from a twinkling star to a passing angel." so far on this ipod madness in the morning no one hassed a abba on their irs pad yet. >> i called for an all luther panel, i get nothing. you and i have got to work this out. that guy falling off of his snowmobi snowmobile. did you see t

we're also watching transocean because it did win a legal judgment, federal judge saying it won't havepay third party compensatory damages in the gulf oil spill, but it still could be liable for punitive damages. it is getting a lift. dows off the lowest levels of the session. down 37. s&p lower. nasdaq has just turned higher. david, back to you. >> still on track for one of the best januarys at least since '97. thank you. >>> let's shift to bonds now and the dollar for that. we go to rick santelli at the cme group in chicago. >> good morning, david. i always think that the best source i've ever had following the markets as a reporter is the market itself. look at intradays of our 10-year and europe's 10-year, you can see that rates moved downright around 8:30 eastern. what happened at 8:30 eastern? we had a positive gdp number. the best since the second quarter of 2010. but it didn't have a 3 in front of it. it was 2.8. indeed, the market thought that was light. if you really dig into it, there's a little something for everybody. if you are one of the people that i hang around with th