ibm, united technologies, verizon all disappointing. i say for the overall market. what say you? >> i would agree. last year, stuart, the s&p was up 30%. you know, every day people are watching the market and seeing those hits, right? coach yesterday down about 8%. united technologies, ibm, all of those things taking big hits and your viewers out there own the stocks and it's tough to watch seeing the money come off the table and i think a lot of people are going to start taking profit. stuart: you have 10 seconds, is it a start of a correction? larry? >> i think it's the start of a correction. stuart: we hear that, larry levin. thanks very much indeed. check the big board, it's wednesday morning, we're up 6 points, however, i've got to tell you that ibm is dragging the dow -- welsh the dow is up 17 points now, but ibm is way down and that's taking points off the dow. nicole, how bad is it? >> down 4%, down 7 1/2 dollars. so 181.82. and the numbers missed and they're worried about possibly lenovo and the deal and whether it's going to g

i like united technology and honeywell largely because of its excellent ceo. cote is the essence of building. why the downgrade? with the fed promising to keep short term rates close to zero for the time being and the u.s. economy gaining momentum, the more cyclical names in our sector continue to enjoy a stronger, longer run than would be expected in a normal, steady growth stage of the cycle. okay, why sell on that? what he's saying is they've been winners for longer than expected. u-tex and honeywell are broadly loved stocks with balanced earnings outlooks and both stocks should go higher this year, but it's not sufficient enough to have a buy rating at this time. that's it? they may not go up in time? is there a real reason here? are the companies starting to do worse? isn't that why you should sell something? i don't think so. both these are levered to the aircraft cycle that could go on for another six years. honeywell and united technologies have been winners. who is to say they're done winning? they've built an infrastructure particularly in commercial

united technologies and xilinx above estimates. gave a cautious outlook for the first quarter and txn announcing plans to cut 1,100 jobs in an effort to cut costs. it seems like everyone that beat on the bottom line had some negative piece of news to go along with it. utx ten quarters of a revenue miss. >> people looking outside are looking at orders are for utx and extrapolating what boeing was saying, united technology had great orders and a lot of people feel that commercial real estate is coming back. otis and hvac, i think the stock will go higher. they did tell you that defense was a problem and united technologies is the best of the dow stocks that have reported. look, there's holes everywhere. i mean, yesterday i thought travelers had a really great number, but they mentioned competition at one point in pnc, in property, casualty and that was it. you mentioned competition. if you mention competition your stock's going down. if you don't -- >> let's back up a bit from earnings to earnings and a look at the market overall. do

we got the helped earnings from united technology.e was $16.8 million compared to estimates of $17.1. what is that, down 101? >> no, it's up 101. >> it is? >> up. >> good. assessed revenues were postponed in 2013 due to the helicopter program, however, that delay also resulted in a benefit to earnings since the program is currently operating at a loss, so they put off recognizing some of that, but it's not good anyways. ibm under pressure in premarket trading, reported a profit, however, revenue was shy of expectations for the fourth straight quarter, thanks in part for flagging demand. i think they probably mean china. >> down by 4%, too. >> i think it is china. >> ron burgundy would say chia. >> we have a big guest right now, founder, president, chief investment officer of bridgewater associates. bridgewater currently has $150 million in assets. good morning. >> good morning. >> you have been on our show several times now, and we have started the dialogue around what you call the economic machine, your theory of how you see the mark

next up, one of my faves, united technologies, a dow stock you should own right now.he last pronouncements which included some reflection on sequester took a lot of risk out of the stock. that's despite the fact that the shares are seeing none of the potential rewards from the brilliant goodrich acquisition, at a time when aerospace is the strongest industry in the world. plus, i see orders for the air conditioning division, thanks to the revival of commercial construction in the united states. however, if they do believe in it and it seems like they started to when the stock finished 2013 amazingly strong, then united technologies will head to $135 from $112 as it did today. that would be a terrific advance that i need you to catch. how about number 27, verizon. i think the new verizon is facing serious competition from revitalized sprint and t-mobile and at&t that's hanging in. however, we have heard about a potential merger. and if that happens which i don't think it will, but it could happen, i think verizon climbs back. i don't see verizon gaining much more than

united technologies. listen, this company is already tempered expectations at a talk it recently gave. when you have tempered expectations to commercial construction, as united technologies is, i think you've got a terrific setup for higher prices because i think commercial construction is coming back. remember otis elevators sfl we hear from netflix and this stock had such a huge move over the last year and a half it's prone to a big decline. i don't know if the company can wow people enough to get the stock back it its high. they have a history of getting hammered after the port. it reacts and reacts stupidly to the headlines and that might the opportunity to buy as long as it doesn't say in the text of the release that new found competition is hurting signups or that a recent ruling about heavier usiers like netflix having to pay higher transport fees will cause it to raise prices and lose customers. it's down 10% already. any swoon after the headline where the story is okay, that could be a reason to

then there's united technologies.re than a month ago, did what i call a soft preannouncement, a shaving down of expectations because of the federal government's cutbacks in military spending. the negativity was met with a torrent of downgrades. fast forward to this morning, though, when we saw the actual earnings and orders, and united technologies, they crushed it, reporting sharply better than expected numbers. >> buy, buy, buy! >> the stock took off like a rocket and it's got much further to run. the quarter was so powerful that it took boeing, one of my favorite companies, up huge. now the question has become is the $2.70 run in boeing too huge? does the stock now reflect unrealistic expectations? we'll find out in a week's time, but i sure wish it were up less going into the quarter. i have total faith in jim mcnerney. and i'll be talking about it on "power lunch" all the rest of the week. finally, there's the banks, literally all the banks. we came into the year with the prevailing wisdom that banks couldn't mak

. >>> united technologies going to announce earnings today. courtney reagan live at cnbc world headquarters with everything else. >> good morning. futures are lower, after we saw a mixed close for stocks tuesday. s&p 500 avoiding a third straight loss but the dow knocked down from johnson & johnson. more earnings today from the likes of united technologies, ebay and netflixes. dow falling 45 points 16414. nasdaq closing up 28 to 4226. governor schneider and state laumaklau ma lawmakers a package to help detroit out of bankruptcy. it could match $330 million to preserve the city's vast art collection. proceeds could go to off set the shortfall if the public pension system but estimated at $3.5 billion. they've got a ways to go. detroit's emergency manager plans to issue his report on cutting the city's debt next month. back to you. >> thank you much. >>> time to check in with meteorologist christina loren. cooler today. >> cooler today. lots going on in overall weather department especially with this opportunity for the mavericks invitational.

cheryl: united technology considering strategic options for the sikorsky unit which makes black hawk helicopters. options for sikorsky include a sale, spin-off or a merger. david: john mall lien, the media mowing gel -- mogul we all love will buy the dutch company, zig go. -- ziggo. the deal is worth $9 billion. cheryl: expect laptop shipments to fall 1.3 million units partly because of a growing trend of tap r tablets with big screen devices including a new device from apple. david: when will we get the device? ford is claiming the ford focus compact is top selling number. basing numbers on rl polk. toyota will probably be challenging ford's analysis. it has done that before. "after the bell" starts right now. cheryl: break down today's action, david. loomis sayles and company equity portfolio manager says we're overdue for a market correction. scott bauer is in the pits of the cme. let's start really with scott. i do want to pick up if we don't mind, scott, with the volatility issue today. what is your take on what we're seeing? >> i think today was actually a real good thing for t

we want to learn more when united technologies reports tomorrow. i think we'll be pleasantly surprised with the aircraft number. that's what matters to me. second positive theme for 2014, nonresidential construction may finally be increasing here in america. this gigantic generator of jobs has basically been still warm since the great recession. it's really the lone area of the economy that's been holding us back, because nonresidential construction meets everything from big financing, great for banks, to robust white collar companies that are running out of space, to a definitive end to the glut of office towers that were built in response to the early 2000 boom. we're getting this nonresidential construction theme from alcoa, as well as a host of banks that have already reported, and again, united technologies with its huge heating, ventilation, and air-conditioning business, as well as its elevator segment, won't be able to tell us much more tomorrow and possibly cinch the theme for 2013. united rentals and manitowoc are both reflecting this is

and people then shift to more industrial names, less exciting names like general electric or united technologies that provide infa structure. so the larger not so exciting names often do better than in the early stages as we saw last year. i think you'll see a shift from the very well-known top line growers to more boring companies this coming year, which thankfully is not bad because you don't want to invest in last year's winners. >> you really seem to be saying that it's not a year so much maybe for speculation and betting on fast growers, but more a year to be betting on underlying economic growth and earnings per share growth. >> and the reason you want to do that in a very -- in a time when the market is already received as much as it has, remember, we had a 30% year. that's really big. >> uh-huh. >> so you have more speculation in the market than before and you don't want to do -- what the most dangerous times in the markets are is when nobody sees risks and we're approaching that. people are very complacent and feel good. so you want to be more conservati conservative. so what we're sayi

. >>> united technologies saw profits plunge 29% in the fourth quarter. the maker of otis elevators and blackhawk helicopters saw profits decrease from last year. still united managed to top estimates. the company was actually helped by a delay in shipping a helicopter order because the helicopters are actually sold at a loss. also revenue came in a bit light. still shares were up slightly to 116.12. >>> totally different story for norfolk southern, the railroad operator said earnings increased by 24% as strong chemicals, construction materials and auto shipmentses offset a dip in coal volumes. the company announced it will raise its quarterly dividend by 2 cents a share. that sent the stock up to 92.64. >>> shares of general dynamics also soaring today. the military contractor ceo warned of a slight drop in earnings and revenue in 2014. investors shrugged that off, focusing instead on his promise to aggressively return cash to shareholders who buy backs and dividends. the stock popped 4.5% to $99.65. >>> the owner of chili's posted better than expected se

so did united technology. tomorrow, we have jobs reports. we will be watching for that.on the heels of earnings. other names that we continue to watch. blackberry is having a great week. we have a boeing story as well. this month, so far, shaping up to be a tough one for the dow, the nasdaq and the s&p. dennis: thank you very much, nicole. 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 re

a quick market flash. >> i've got one winner, united technologies.2.5%, after defense news in industry publication cited sources saying that the company is considering options for its sikorsky helicopter unit. some could include a sale, a spin-off. the more likely option, a sale or tax-free spin-off. the m&a trend could be continuing. >>> rick santelli joins us with the santelli exchange. good morning, rick. >> good morning. you know, what happened last week? everybody's trying to scratch their head. but i really done think it's as complicated as everybody wants to make it. look at word solve, everything's about the word solve. the chinese government, the federal reserve, the bank of japan, bank of england, all trying to solve the issue, and the issue, in my opinion, is insolvency. that's what they're trying to solve. they're trying to solve invol ven si. now if you think about, 2007, you had roubini, one of the first, speaking out about how the primary dealers and the investment bankers, in particular, investment banks were insolvent. then we saw a

when you temper expectations leak aerospace and commercial construction as united technologies is, i think you got a terrific set ofup for higher prices. aerospace is hot. remember hvac, otis elevators. after the close wednesday, we hear from netflix. this stock has had such a huge move over if last year-and-a-half that it's a big decline. meanwhile, i didn't know if the company can wow people to get stock back to its high. there's good news, net flicks can react and react stumdly to the headlines. >> that might be your opportunity to buy. as long as it doesn't say in the context of the new release or a recent ruling about heavier users like net flicks having to possibly having to raise higher transport fees. it is down 10% this year already. so if any swoon after the headline where the story is okay. that can be a recent buy. one more controversial name report. that's ebay. here's a company that had multiple firms say negative things of its stock of late. yet it hasn't fallen. i typically do not like these setups. because what you want is to have the stock beaten up before the quart

since i'm still reeling from how good united technologies was and how this got stronger, new tech cited -- in areas gaining momentum and singled off china as being particularly strong. the stock up, 116, 111 before rebounds nicely. that's insane. it came back, okay. and you know something, that was the quarter he really delivered the organic growth kicking in. emerging markets are gaining strength, so i can't believe the stock has dropped to $77 and i wish the trusts weren't restricted so we can buy more. did you catch pfizer? i mean, this company's managing far better than anyone thought they could do post patton cliff. the sales were weaker. no denying pfizer has a stronger platform and if it pulls back, i'd call it one of the biggest in the dow. reporting robust growth at the great secular story from paper to plastic is taking over the world. real quality quarter. someone downgraded it midday. laughable. how about the b students? i know goldman sachs got hammered after reporting. with the return of m&a activity to a higher level, it just suffered by comparison. the decline from $179

that is where we see the real moves, united technologies, revenue climbed, we will look at where that stock is very gut 3/4 of 1%, almost 116 hitting a new high, and 40 negative dow points down 3.5%, 18189. obviously this is after their quarterly report. at a mixed bag but as we know ibm's revenue is shy of wall street expectations and that has been weighing on the dow jones industrials. sandra: thanks so much. adam: we watching shares of apple, that stock getting a boost on the latest round of tweets from carl icahn. the activist investor is continuing his push for a bigger share of buybacks saying the company could do this, quote, a great disservice to shareholders. he also disclosed he added to his stake which has crossed $3 billion. sandra: bernie madoff recovering from a heart attack after a hospitalization last month. the 75-year-old is said to be back in prison also suffers from stage iv kidney disease. the is in federal prison serving a 150 year sentence for defrauding customers in a $17 billion scam. he is being held in buckner prison and has not confirm but denied these repo

citigroup's downgrade of united technology and honey well to great americans companies that have been outstanding performers for many years, why did city downgrade? i like united technologist and honey well largely because of its excellentsy of the chief executive. why the downgrade? with the fed promising to keep short term rates close to zero for the time being and the u.s. economy gaining momentum, the more cyclical names in our sector continue to enjoy a stronger, longer run than would be expected in a normal steady growth stage of the cycle. okay, why sell? what he's saying is they've been winners for longer than they expected. you tex and honey well are broadly loved stocks with balanced earnings outlooks and both should go higher but it's not sufficient enough to have a buy rating at this time. that's it? they may not go up in time? is there a real reason here? are the companies starting to do worse? isn't that why you should sell something? i don't think so both these could go on for another six years. honey well and technologies have been winners. who is to say they're done w

you want to be first to come in united technology and call bottom? not for me. on the other hand, there is no reason to panic. you heard me. there is no reason to panic. in fact, you want others to panic so that you can buy your favorite stocks for much lower prices than we have had for some time now. it's always easy to say, i'm cutting and running because of china. perhaps you should think, you know what, there are real bargains being created here. while china is important to the global economy, it's not as important as the united states, which remains strong and on course for growth this year. one look at the robust existing home sales figure that came out this morning, good jobless claims numbers tell you that all you need to know is that we are doing better than they are. neither housing nor employment here in america should be hurt by the potential collapse. it's still a potential collapse, not a foregone conclusion of anything in china. because the communists may still save the bank. if you deliver a quarter that was beautiful, the way union pacific did t

united technology's honey well stands out. momentum is building up. dr horton which was up huge because the ceo said on the conference call in january, especially this last week our sales have been better than expected. i'm excited about where we are. holy cow, that's not an eddie haskell suckup, that's june cleaver being excited over the report cards. and p&g had a stronger month. proctor might be the company that came in with the most momentum and the organ i think growth are nothing short of superb. the stock could be going much higher. my charitable truster on owns i. remember, clarence rutser ford, you hear his nickname on the call, it's going down. the next time we have a squall, these nonlumpy stocks, they're just plain old buys. stick with kram ever. [ male announcer ] the new new york is open. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if ther

names, they are hitting record highs in aerospace and defense but other names to watch the united technologies and general dynamics reporting tomorrow on thursday, lockheed martin, and next week a couple more names to watch, in the meantime they broke overall heading to some record highs, general dynamics, north grumman, buffalo and rayceoand, aerospace and defense is a trend, and these defense stocks that a new high. sandra: now for the latest on the broader market's let's go to the floor show, traders said the stock exchange, cme group in chicago and the nynex. let's start with teddy wiseburg. markets are mixed right now, snowy weather outside, the fed decision looming, everybody talking about that. what is the key focus for the market in the last hour of trading? >> is an interesting day because we had some pretty decent earnings and a lot of it before the opening, stocks opened positive and the dow went south, we are down 130 points at one point and we have been slowly climbing out of that hole but the broader markets have been actually positive pretty much all day. i think on balance of t

caterpillar beat earnings expectations, merck, united technologies, travelers, ge also trading to theide as you can see on your screen right there. but we did get some news on the economy today i want to bring you. sales of single family new homes fell more than expected in december. many economists blaming the slump on the cold weather. the commerce department saying new home sales fell 7% to 414,000 units. home sales usually dip in the winter, but the extremely low temperatures may be causing a more substantial drag. take a look at hovnanian, kb holmes, all of these companies trading do the downside except for pollty, bucking the trend. but the rest of your home builders, actually, are trading to the downside. wanted to show you those. big news on the economy. also this, remember the winklevoss twins made famous by the facebook movie about mark zuckerberg? u.s. agents arrested the ceo of the bitcoin exchange bitinstant on money laundering charges in connection with customers for an alleged online drug bazaar called sill road. -- silk road. the winklevoss are investors but, again, no

>> i would say on the airlines if you want aerospace exposure i mentioned it before but united technologieshe quarter is good around if you can get 110 or below it's attractive. their after market orders was up 20% in the quarter. you get the aerospace exposure and you get the commercial construction which also saw very strong numbers which led to organic growth of 9%. that's going to be very, very hard to beat in the industrial sector. >> let's stay with the transports. remember, today we told you all time high again for the trannies. next guest is a big bull when it comes to the airlines and he started to adding to one name in particular. manager director at independent advisory firm douglas c. lane and associates. welcome back. it's good to see you. >> thank you. >> break it to us. what's the one name you've been adding to. >> we own united and delta and now we're starting to buy american because basically what you're seeing and to your point, united has gone through the integration of the merger. america has just started. if you look at the history of what delta has gone through, united

. >> let's talk about 3m down today, united technologies. these had a nice run at year end. a lot of people said i missed it. wait a second. the stuff i'm writing about, that is when these things happen, this is when you can say you know what? maybe i didn't miss it. maybe there's opportunity. i think that 2014, we've got to change the mindset. the mindset is with when the market goes down, you find what you like and you sink your teeth into it as opposed to saying oh, i missed it. and now it's going to keep going down. you've got to start buying. >> you -- >> carefully. >> carefully. >> carefully. that's the beauty of your books, jim, is you make these complicated things very accessible. >> i try to do that. >> i'm telling you, i've read probably all of them. there's so many of them. they're really good. i was talking last night, sue, with my 20-year-old, and he said i want to learn about how to get into stocks. i said -- he said, how do you do it? i said, i would say follow the old peter lynch thought. if there's a good product that you patronize, that you like, start ther

i'm scott thompson and welcome to after ten korea the world's powerhouse of information technology and the united states the world's powerhouse of advanced technology. what kind of synergy effect can we expect between the two nations in the field of science and

far should it go airing on the side of position thattal security, versus what can the united states do? technologys increasing its ability by leaps and bounds every day. so the president speaking in this context saying there does need to be a rebalancing, but defending very stoutly not only the national security agency, and the people in it, but saying the programs have prevented many attacks over the last several years. let's look at the meat of what the president talked about today. the 215, section 215 of the code, the bulk meta data collection from virtually everyone in this country. it's not the content of the calls but merely the flow of calls. the president says he wants that to continue, but doesn't want the government to be collecting that data any longer, or storing that data any longer. he has asked the congress and director of national intelligence to look at ways in which that program can be reformed. and the president says from now when agencies want access to that data they are going to have to go to the fifa court that entertains those sorts of cases. the president also saying that

united technologies and honeywell on the show tonight, dave cody. >> good. >> have really given you auch better outlook. i love jim, he's one of the bankable 21s but he won't play all his cards here. remember the most important thing that happened with boeing was the incredible deal they made with the unions which actually gives you much more upside. i'm not saying that jim's sandbagging. i'm saying jim's a conservative guy and people will freak out and that's part of the arc of freaking out that i indicated earlier. people love to freak out, why do they do that? because they got to freak out ahead of the other guy who is freaking out. one guy is selling boeing at 131 and there's a guy that will sell it at 129, i'm real smart. i'm ahead of that guy. >> boeing did raise guidance two times last year. it's something to watch. >> 20-year plan. do you know what, try to get a dreamliner, you got to go to 2020 to get a dreamliner. here's a real funny one american airlines three guys who upgraded. every day i say buy the stock and now three guys like it. i'm getting nervous. doug parker will

also out this week, united technologies, mcdone add's, microsoft and procter & gamble.sing those earnings at 11:30 cet with john buffett. >>> and when it comes to driving earning hes growth and creating share value, which businesses are best? we want to hear from you. who do you think is the best ceo in the world? if you want to join the conversation here, please, get in touch with us. e-mail us, worldwide@cnbc.com, tweet @cnbcwex or direct to me @rosswestgate. don't miss out on that. who is the best ceo in the world? we will reveal all as revealed a little later. >>> meanwhile, lenovo is reporting it's in talks to buy low end server unit x86. the chinese hardware company is only confirming that it's in talks with a third party. rumors of an agreement first surfaced yesterday with the "wall street journal" the object of lep novo's affections is actually dell. lenovo shares dropped 3% higher. >>> dropbox has reportedly secured $3 million after the firm has been valued at $10 billion. dropbox was last valued at 4 billion following a previous round of funding in 2011 1. ma

the united states doesn't have a water shortage, in china there is. technology requires a huge amount of water and that could be a problem. by the way, it takes the u.s. ten years. be patient. china only started. >> you're going to take ten years, with he heard it here first. li boqiang speaking to us there, you heard it there, ross, ten years and we can talk about a china shale boom here. >> okay. >> i want to quickly flip focus of course. we've been seeing pictures of ukraine and the tensions going on there, that has an impact to russia and their involvement in the region but the question key, is it impacting the focus on russian business and investment there? we'll speak to the chairman of vtb, andrey kostin after the break, stay with us. >>> a credit to fault swaps on ukrainian debt has risen to a one-month high after shots of violent clashes have thank have broken out in the capital city kiev after ukrainepolice broke through barricades and started arresting protesters. they are investigating two deaths. the government stepped away from the partnership in f

that is what he are seeing as far as the trend, a lot of names on highs including health care, united technologiesl: see you in a little bit. dennis: wild weather indeed, some 0 temperatures blanketing the midwest, strong grip on the northeast with wind chills well below zero, meteorologist janice dean has the better for cold forecast from the weath center. >> we set dozens of records to take a look at the record lows we have, detroit-14, these are actual air temperatures-9 in pittsburgh, n.y. citizen apart, 4 degrees, atlanta 6 degrees in austin, texas, 14, the coldest air we have seen in decades and we are still feeling in across the northeast toward the mid-atlantic and even the southeast but there's a warm-up on the way. that is the good news, pretty short-lived but looking at your forecast, windchill, going to be around single digits below zero for the rest of today into the overnight across all these big cities and down the i-95 corridor. be extra careful and lake effect snow as that cold air comes across the relatively warm lakes we could see one to 3 feet, the popular great lakes and just

. >>> dow component united technologies considers selling sikorsky?idiary that makes the black hawk helicopter. investors don't care, down five cents. >>> it is super bowl weekend, you know that we have three-foot ball headlines for new york giants defensive baxter relthomas. he is here with us. first of all, seahawks coach pete carroll had this to say about medical marijuana in profootball. >> the fact it is in the world of medicine is something that obviously that the commissioner realizes him, making expression we need to follow information in the research, absolutely i'm in support of. stuart: that's interesting. terrell thomas is with us. you played for pete carroll, didn't you. >> yes, sir. stuart: what do you say about the use of medical marijuana for treatment of injuries sustained in football. >> if it helps you to make a better player or person i believe it should be allowed in the nfl. there are rules and regulations you have to go around. i think pete carroll has a head on it. states legalizing around the country. stuart: but right now, i

i'm scott thompson and welcome to after ten korea the world's powerhouse of information technology and the united states the world's powerhouse of advanced technology. what kind of synergy effect can we expect between the two nations in the field of science and

for the sergeant of the homicide unit, the new technology means hitting the internet much the way copsed to hit the streets. >> it is like a gang-related homicide or shooting, we find out if they are on instagram or facebook. sometimes gang members threaten each other back and forth. >> another big contributing factor is video. video has been huge. >> it may be a bar camera used to identify suspects. or in one case a string of security cameras in the western edition that allowed cops to track and identify two suspects in a drive-by shooting without a single witness being present. >> the trail where the car had originally came from. we were able to make an arrest based on the video. it was within a week or two. >> this year

the dow provide about 40% of the sell-off and they are names like caterpillar and boeing and united technologiesigh dollar stocks. >> they're not only the high dollar stocks but this five are a group who do a lot of business with emerging markets. >> overseas exactly. assuming we close below 1800 on the s&p, what does that mean? >> well i think it means that the bulls are going to have to do a lot of work to get things back in order. that's some serious damage. next week will be critical. you have the fed meeting. i lean on the side of at least very active discussion. they're going to take a look at these markets and say should we move further? janet yellin does not like disruption historically so it will be interesting. it will be her maiden voyage so to speak. we'll find out what happens. >> the wise sage himself. thank you, mr. cashin. >> mi pleshy pleasure. >> we want to know how you think investors should be playing this market amid the sell-off. look at that sea of red. your tweets and thoughts on the subject. that's all coming up in just a bit on "the closing bell." [ male announcer ] thi

street journal reports the obama adminstration is getting ready to create a new federal unit to take on technology projects.this, of course, follows the shaky rollout of the government's heathcare.gov site, when silicon valley tech experts had to come in to help fix the flawed site. the changes are expected early this year. facebook is accused of poking around in its user's private messages. the social network is being sued for allegedly scanning private messages, then selling information to advertisers. facebook responded to the claims friday -- stating they are "without merit." the two men who filed the suit hope to make it a class action suit. the dispute over martha stewart products may be over, but macys and jcpenney are still locked in a legal battle. macy's sued penney and martha stewart living omnimedia inc in 20-12 after the two announced a partnership in 2011 that called for penney's to build martha stewart shops in nearly six hundred of its stores.macys and martha came to a settlement last week but macy's is still seeking compensation from jcpenney for damages to recoup attorney's fees

three years after millions of egyptians united to demand technology. >> and we'll have more later in the show, including a recap of what changed over the past three years. earlier, a professor at u.c.l.a. , author of arab uprising, what everyone needs to know. he said it's too early to judge. >> it's hard to say what is going on at the present time. on the one hand the muslim brotherhood failed in many ways. it was increasingly authoritarian, inept, incompetent in dealing with economic and security issues. on the other hand it was an elected government. the first popularly elected president of egypt, and on the other hand it was up against a state that would not budge. it was up against a judiciary, was up against a security services and the army. every time they pushed those services pushed back. so, therefore, the supporters of the brotherhood would say there never really was a revolution. we were trying to push forward the revolutionary process and had to move backwards because of way the state protected its privileges. >> today marks the 28th day that three of our al jazeera coll

a lot of technologies in cyberspace that we are use from the united states that originate from the united states. >> rose: clearly the u.s. technology has been used extensively in china, although china's technological base is growing and chinese companies are prospering and everybody's anticipateing the ali baba public offering. that kind of thing is clear. and some say that there will be different attitudes about privacy and other questions as these companies grow, do you agree. >> i think they aren't going to bet on this issue in many countries. >> rose: across the world. >> indeed. >> rose: one charge leveled against your country that the government-- or aspects of the government-- carry out cyber espionage against the private sector in the united states and the united states says it doesn't do that. well, whether the united states is doing that or not it's up to the u.s. government to give you a replay. but i think for china we have already told the u.s. government and also the american business community if they do have evidence, if they do have complaints they can come to our law en

united technologies, allegedly preannounces, no, not at all. not have enough quality industrials. look at boeing. that's because they bought back a lot of stock because we do not believe -- many skeptics don't believe if the ten-year goes to 3 there's anything to buy. the industrials, tremendous resilience. the banks. how about this bank of america upgrade today. that could be a way to go. i think industrials and financials continue to do well. once employment started getting better, the eli lillys of the world were stopped in their tracks. the way that you saw an alcoa, norfolk southern, union pacific, union pacific preannounces and finishes at 116. a coal company goes to 77 and then rallies. fedex preannounced and you called it the teflon stock. and speaking of teflon, dupont, 64. industrials. >> that's where we need to be focused in the first quarter certainly, the industrials. overall the market is still, many would say, it's 14.5, 15 times numbers. we're still in a low interest rate, low-inflation environment and you could argue for a high

united states. well. science technology innovation all the list i'm elements from around russia we. covered. on their way to antarctica the crew of the i can to make sure that if face many challenges. here you have to look out for yourself crashing on to rocks trapped in pack ice in extreme conditions anything can happen and article always comes up with surprises you have to keep your eyes open because if there's always something going wrong the ship carries huge reserves of water food fuel as well as helicopters and people able to survive extreme conditions they're ready for anything even an apocalypse she's really an incredible ship. calling all antarctica stations this is academic a field of radio check please respond. he survived war atrocities. to make a final decision. has changed his life and the world around him. by giving. hope. and love to so many children. nikolai the american worker on the tape. secret laboratory to mccurry was able to build a new its most sophisticated robot which on fortunately doesn't give a darn about anything tunes mission to teach creation why it should car

for the sergeant of the homicide unit, the new technology means hitting the internet much the way cops of old used to hit the streets. >> it is like a gang-related homicide or shooting, we find out if they are on instagram or facebook. sometimes gang members threaten each other back and forth. >> another big contributing factor is video. video has been huge. >> it may be a bar camera used to identify suspects. or in one case a string of security cameras in the western edition that allowed cops to track and identify two suspects in a drive-by shooting without a single witness being present. >> the trail where the car had originally came from. we were able to make an arrest based on the video. it was within a week or two. >> this year alone, out of the 48 homicides, 73% had video evidence. of that 73%, 66% resulted in arrests. that's huge for us. >> how do juries react to this? >> they like it. they get to see firsthand in which nowadays the -- color the actual incident unfold. i think all these things have had an impact. obviously, our arrest rates are up. when the word spreads cops are