that's why ual is another one where jet blue or buckingham is out today. they have the exposure to newark, chicago, la. remember delta came out a few weeks ago and warned that the sequester could impact its profits in the first quarter. the that's where we will see the impact of the sequester cuts. >> phil, thank you very much. take a look at gold. it is moving higher supported by strong physical buying after hitting a two-year low last week. >> four big cap stocks getting a lot of attention today. first, ibm dropped elements 10%. the stock is down another buck and a half on the trading session. general electric also disappointing investors with part of its outlook on friday. jp morgan downgraded the stock. it is trading down better than 2% at 21.27. investors breathing a little sigh of relief that it wasn't worse. right now it is up almost 3%. and microsoft moving higher after david reported activist investor had take an $2 billion stake in the company. microsoft is up a full 4% on the trading session. which brings us to bob and kenney, a cnbc contributor

ual is the largest airline by traffic. now to the trains, am extra posting the busiest month ever.ore than 31 million passengers traveled on am track. >>> as for the autos, ford's focus is crowned the world's most popular car. more than a million of the vehicles were sold last year, with almost a third coming from china. >>> that's it for transports. let's get straight down to houston. i apologize. i nearly said house-ton. apologies to all those houston dwellers. >> i think you would like this town. like we're saying, this is kind of your place. >>> all right. so let's talk to a guy, and we always are saying in the show, hey this is a town it's not just about oil and gas. it's about opportunity in software and the web, so instead of just telling you, we're going to show you daniel baker, ceo of flightaware. many of you have probably used it. congratulations, your company is now 8 years old, starting with just yourself. now 32 employees. >> 32. >> so it is true a nonoil and gas company can success in houston. >> believe it or not. we got started here, because i lived here, but the r

and also ual to the surprise of many is trading strongly and will continue to do so. >> so if the refineryness starts to turn south, would that be a drag on delta? >> how is it turning -- i don't really understand the turning south part of it. no matter what, they are giving themselves an opportunity to cut somebody out so they can be more efficient. >> regardless of what the future price of their fuel would have been, they've got a better -- >> and citi was out with a note talking about a five-year average of something near $90 for oil. if that's the case, the airlines are going to print money like a printing press. >> the airlines have reduced capacity, able to -- >> it's awful. >> -- pass through fees. in the wake of 2009 it changed into the favor of the industry. >> michelle, hats off to richard anderson. he had a lot of critics. not joe but just about everybody else i heard said it was stupid. it was genius. >> still ahead, consumer stocks are in focus. the sector beating the broader market so far this year. >>> portfolio manager kevin dreyer tells us why the sect sor poised to pop. p

first, they wouldn't have incentives to have conflictual ual don connect newell relationships in tip tall power, sharing settings, each person or different people feel that by maneuvering and jockeying for power they can establish a dominant position, but in a college presidency i -- coalition presidency i propose no amount of maneuvering or back-stabbing or doing whatever else could lead to a dominant position. no matter what it would be a 50-50 relationship for the current term and after re-election. so there wouldn't be incentive to engage in conflict. more than that there would be a very important incentive to cooperate. when presidents reach the white house, they're at the top of the political ladder. at that point, the primary concern is the legacy. how are they going to go down in the history books? and george w. bush's decision to invade iraq -- when he went in to depose saddam hussein. one of the reasons for this decisions is that he was influenced by the potential for introducing democratic governance to the arab middle east. if we could set up a democratic government in ir

essentially saying you either have to approve euro bonds and mute ual debt sharing or it ain going tothis is a long standing view of george soros that there has to be this frame work. we'll get there but it is very difficult because germany is demanding very large number of reforms both political and governance reforms and economic reforms and adjustment in things like external balances and fiscal consolidation and the debt deal and bank recapitalization and it's a very long process and i think as german finance minister was commenting yesterday, it is very difficult given the particular nature, political process that you have at work in the euro group and at the eu level. this is coming. i think to be honest if you were to really ask chancellor merkel privately i suspect she would accept that euro bonds are going to emerge at some stage but it's just a question of the sequencing here. believe it or not, i was looking at these numbers today. in the euro area, domestic demand last year fell by 2.2%. now, in 2009 we remember what a horrible year that was. in that year domestic demand fe

at 4:00, the castro area office of the chp will broadcast a vifer of ual ride along with one of its officerslast month, several bay area police departments joined more than 200 police departments across the world for a 24-hour tweet-a-thon. the idea, to give the public an idea of the day in the life of an officer on duty. >>> reuters says google will start selling a new version of the nexus tablets starting in july. they plan to sell 8 million before the end of the year. the new nexus would ramp up competition for the ipad mini and the kindle fire. >>> and the wall street journal says apple will start production on the new iphone this month. it will be similar to the most current version. it's supposed to be on apple stores and online sim this summer. the june -- onthis summer. they -- online this summer. they say it could be launched next year. >>> the cell phone is celebrating a big milestone. it was 40 years ago today that motorola engineer, cooper, made the first call from a mobile phone. the device was much larger than it -- than it is today. it actually weighed two and a half pounds, k

at 4:00, the castro area office of the chp will broadcast a vifer of ual ride along with one of its officerslast month, several bay area police departments joined more than 200 police departments across the world for a 24-hour tweet-a-thon. the idea, to give the public an idea of the day in the life of an officer on duty. >>> reuters says google will start selling a new version of the nexus tablets starting in july. they plan to sell 8 million before the end of the year. the new nexus would ramp up competition for the ipad mini and the kindle fire. >>> and the wall street journal says apple will start production on the new iphone this month. it will be similar to the most current version. it's supposed to be on apple stores and online sim this summer. the june -- onthis summer. they -- online this summer. they say it could be launched next year. >>> the cell phone is celebrating a big milestone. it was 40 years ago today that motorola engineer, cooper, made the first call from a mobile phone. the device was much larger than it -- than it is today. it actually weighed two and a half pounds, k

. >> reporter: we're live in san francisco where the inaugust ual -- where it's the inaugural walk toary gonzales had a cold she also has asthma. so she sees her allergist who has a receptionist susan who sees that she's due for a mammogram. mary has one that day. that's when she finds out she has a tumor. she has a successful surgery and because her health provider has an amazing connected system, she has her life. i don't know what you have but i have kaiser permanente. kaiser permanente. thrive >>> energy companies are leading stocks lower this morning. the price of oil sank 2% and major indexes are still on track to end the week with strong gains after hitting some record highs for the dow and the s&p. taking a live look at the dow, down 46. nasdaq is down 21. >>> scotts valley high school in santa cruz county is closed today because of an unspecified threat. now, officials say the threat was posted on facebook. the high school was closed as a precaution. >>> in east oakland we're getting an inside look at this morning's crash. this happened about 2:00 this morning. a suspected dr

. >> reporter: we're live in san francisco where the inaugust ual -- where it's the inaugural walk today. mary gonzales had a cold, she also has asthma. so she sees her allergist who has a receptionist susan, who sees that she's due for a mammogram. mary has one that day. that's when she finds out she has a tumor. she has a successful surgery and because her health provider has an amazing connected system, she has her life. i don't know what you have but i have kaiser permanente. kaiser permanente. thrive >>> energy companies are leading stocks lower this morning. the price of oil sank 2% and major indexes are still on track to end the week with strong gains after hitting some record highs for the dow and the s&p. taking a live look at the dow, down 46. nasdaq is down 21. >>> scotts valley high school in santa cruz county is closed today because of an unspecified threat. now, officials say the threat was posted on facebook. the high school was closed as a precaution. >>> in east oakland we're getting an inside look at this morning's crash. this happened about 2:00 this morning. a susp

wasn't any a really notny chatter or ielligence toct dhas ual our best effective tool to preventing theypf acts from taking place. very hard to sure an opening gathering, an open stadium, shopping mall if yoon he good intelligencbeforehand. so i think these teamsnig states of alert right now a oueupe counterparts, a lot of discussion going on in the event this is a foreign terroris pt to codinate. if i could add o last thing. i talked to the white house yeerday. this is one of the moments that old them this is not a republican o doct issue. we're all americans today standing against terrorism. >> you kw what? we a thank you for that, reblicanitoesn't matter today. and fran townsend and juliette yyem. how will we begin to recover? barney frank represented parts of bton on the marathon route. a specialdition of "starting mbgsteam coverage coins. >>n iad tturn, it was like the first pop. boom and then another one. boom. and then anotherone, boom. one aer another. itas just one big clo o smoke. white smoke and then the other, one aer the other tohe other. >> okay. >> it jura. ♪ [ jegarner ] wh

is that ual, 1989? >> no. >> precipitous decline. >> unaffected stock price? i don't know what that would be again. >> lower. i would go lower. >> f-5 said government's bad. >> we'll talk some more networking in a minute. some of the stories we're also watching ahead of the opening bell today. samsung saying first-quarter profits up 15% driven largely by smartphone sales. cnet is saying apple is closer to a deal, and expected to give pandora a run for its money. >> kfc stoet go boneless, if will have fried chicken legs and no bones. this is a big deal. >> i'm a popeye's guy, so i don't know. i'm a popeye's guy. i'm a craw fish guy, too. >> the chicken and the corn that can't even stand up. their legs are too small? evolution hasn't caught up and they're literally stuck there. >> mr. discovery chanel. >> so delicious. >> i now know what apple should do with its cache? buy samsung. >> that's a good one. >> it might be hard for them to do. 25% of the south korean economy. >> they can buy stock in samsung and participate in the destruction of their own business. >