for all of us at cnbc, thanks so much for watching. for all of us at cnbc, thanks so much for watching. i'm tyler mathisen. [ticking] >> warren buffett, america's second-richest man, is a household name, his son howard not so much. and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. like his father, howard does not live the high life. in fact, he's a farmer who would rather dig up the ground than sit in a boardroom. are you sure he's your son? >> well, i think that's worth checking out. you'll have a big exclusive. [ticking] [bell ringing] >> for 150 years, the floor of the new york stock exchange was the center of the financial world. but today most trading in stocks is done elsewhere by robot computers that buy and sell in microseconds, faster than you can blink an eye. and the computers have done so well that some institutional traders have come to believe that the game is rigged. are humans ever involved in the trading? >> humans are not involved

and if you want updates, follow us on twitter. at cnbc options. dan posts regular updates at risk reversal. coming up, the final word from the options pits. >>> i was 18. it was on my 18th birthday. and so they sent me on my birthday to sports illustrated and they hired me and there i was. then i was rookie of the year. >> catch more of the very lovely kate upton as she sits down tonight in a business of the sports illustrated swim suit issue. that's must see tv. tonight 7:00 p.m. eastern on the nbc sports network. time for the last call from the options pits. dan nathan >> consider stock replacement in the bank stocks. >> we love calendars like mike's on priceline. but don't hesitate to take it off before that march expiration. >> mike. >> >> 8 to 1 payoff in the nike put spread. i'd stay with it. our time expired. i'm melissa lee. >> for more go to options action.cnbc.com. see you next friday at 5:00 eastern. don't go anywhere, money in motion is up after this break.

at this price. meantime, got a question? send us an e-mail. "options action" at cnbc. we'll answer it in our one-on-one web extra after the show. you'll also find a lot of educational material there as well. check it out. here's what's coming up next. >>> looks like they're flying high. last week they made a bullish bet on priceline. the stock has soared. with money still on the line, what will these jet setters do? find out when "options action" returns. >>> time for pump up the volume. the names that were heating up index sizzles this week. this business is in the business of curing what ails you. its stock price has almost doubled on news a new obesity drug could be soon for sale. who is it? the answer when "options action" returns. >>> where were investors pumping up the volume this week? vivus. call volume was ten times average daily volume. >>> welcome back to "options action." time for the upside call where we take a look back on our winning trades. last week khouw and carter made a call on priceline. the stock has only moved a little, but they've made a lot. an

. >>> this comes to us from our friends at cnbc and u.s.a. network. the dogs have taken over the town. at the 136th annual westminster dog show, a peek could he niece won the second year in a row of top toy. he could grab best in show honors tonight. there are more than 2,000 entries. 185 breeds this year. martha stewart's entry g.k. won best of breed. the stars of the show are all being pampered backstage, hair styling and all. he didn't have any hair. i'm lynn berry. this is "early today." >> live, local, late-breaking, this is wbal-tv 11 news today. >> good morning. we're starting out with a couple sprinkles. nothing of any consequence. let's look to the current conditions. 42 downtown. the radar picking up some sprinkles. it looks impressive but most of that is not hitting the ground. a slight chance for some rain with a high of 48 degrees. we will come back and check the forecast into the weekend. >> of 35 degrees on tv hill. employee rights. >> president obama lays out his spending blueprint and republicans call it class warfare. >> a man falls

. >>> this comes to us from our friends at cnbc and u.s.a. network.he dogs have taken over the town. at the 136th annual westminster dog show, a peek could he niece won the second year in a row of top toy. he could grab best in show honors tonight. there are more than 2,000 entries. 185 breeds this year. martha stewart's entry g.k. won best of breed. the stars of the show are all being pampered backstage, hair styling and all. he didn't have any hair. i'm lynn berry. this is "early today." >>> our time is 4:28. we have 44 degrees here in the nation's capital. good morning to you, i'm joe krebs. >> i'm eun yang. it is tuesday, february 14, 2012. happy valentine's day to you. >>> today the vice president of china will meet with president obama to talk about economic and security issues. the vice president arrived in d.c. yesterday. he is expected to become president of china next year. the whole world will be watching as he wants to rebuild trust between the countries. in the u.s., the vice president will visit iowa and california to meet with local bus

or give us a call at 1-800-743-cnbc. this is $100,000. we asked total strangers to watch it for us.hank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. hyundai genesis. in a new, faster-acting formula. zero-to-sixty in less time than a porsche panamera s. the 429 horsepower genesis r-spec. from hyundai. ♪ thank you for being a friend ♪ traveled down the road and back again ♪ >>> right now lots of people are trying to figure out a way to play the impending facebook ipo. while we wait for the actual deal to happen in may. oh, you hear of social media stocks, zynga, groupon, linkedin. they all soared today. part of the same bet is that facebook will be an umbrella that can lift the whole group. look, i get that. i understand the collateral trades. and they work for a little bit. but frankly, to a degree they're for amateurs and they're absurd. like i said before, if you want to bet on the facebo

call us at 1-800-743-cnbc. send a smoke signal if you have to.cramerica. the unemployment number today was a game changer. some could say now we know why we ran so much this year.

it has been an exciting day for us all here at cnbc at the nyse.nd myself and our colleagues cut the ribbon this morning to launch our new broadcast set here. we br i think in vice president of technical operations at cnbc and the man behind this enormous project. great to see you. congratulations. >> thank you so much. >> it's such an amazing set the fact that it is post 9. it was a post. and you led this enormous project. you've been working on this for two years. tell us about it. >> it really starts with the team. we done a lot of projects. we've built a lot of sets over the years. i have never been prouder of these guys than tonight. a remarkable achievement for cnbc. on the technology side we hit a lot of things here. there's 17,000 feet of video cable here in the exchange. and between here and englewood cliffs, there's 200 miles of fiberoptic cable connecting us. >> i know the set is -- the lights the l.e.d. lights they are using less energy. there's positive things about the set. >> this uses the same electricity as a window air conditioner

or give us a call at 1-800-743-cnbc. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. carfirmation. only hertz gives you a carfirmation. hey. this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. >>> even procter & gamble is trouble, then you know the whole darn soft goods complex has got a problem. that's how i felt about the news proctor reported last thursday when they announced the gigantic reinstructing cherring cut, including laying off 5600 workers. don't get me wrong. i think proctor is doing the right thing. but when you see a company trying to reorganize itself in such a major way, you got to ask

for more info visit madmoney.cnbc.com or give us a call at 800-743-cnbc. ♪ how much is that doggie inhe window ♪ >> while we're watching these fancy pure breds prance around at the westminster dog show, i think it's worth pointing out that when it comes to investing in stocks, sometimes old dogs can, in fact, learn new tricks. that might not be true in the animal kingdom, but in the corporate world it happens all the time. consider the ultimate old dog of tech, dell. a couple of years ago, if you asked me what i thought of dell's future, i would have said this personal computer maker was way past its prime, that it was a diseased animal that needed to be put to sleep before it did any more damage to its shareholders' portfolios. dell, one of the most innovative companies in tech seemed to be hostage to a moribund pc market with no way ought. even when the company's founder michael dell came out of retirement to run the business once again it seemed like there was nothing he could do to get back on track, which is why i put him on the wall of shame in july 2010. this old dog learned a

for more info visit mad money.cnbc.com or give us a call at 800-743-cnbc.he new spark cardnth from capital one. spark miles gives me the most rewards of any small business credit card. the spark card earns double miles... so we really had to up our game. with spark, the boss earns double miles on every purchase, every day. that's setting the bar pretty high. owning my own business has never been more rewarding. coming through! [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? ♪ how much is that doggie in the window ♪ >> while we're watching the fancy pure breds prance around at the westminster dog show i think it's worth pointing out that when it comes to investing in stocks sometimes old dogs can, in pack, learn new tricks. that might not be true in the animal kingdom, but in the corporate world it happens all of the time. consider the ultimate old dog of tech, dell. a couple of years ago, if you asked me wha

all coming up on "mad money" or give us a call at 1-800-743-cnbc. >>> has the best performing asset class of 2011 and for that matter multiple years before that finally run out of steam? ever since the new year began, we have been watching 2011's losers become huge winners in 2012. now it seems like the biggest winner from last year, could be ready to give up the ghost. so what was of last year's best performing asset class? not stocks they were flat for the year and not gold, but it did well, nearly 10% in 2011. no, the best place to put your money last your, some people would say hide your money, was in united states treasuries, yes. long-term treasury bonds. just take a look at the i-shares bar clay's treasuries etf, also known as the tlt, it's the stock that appreciates when treasury bonds rally in price and interest rates go down and drops when treasuries decline this price and interest rates go higher. prices and rates trade inversely, sorry i had to give you that. the tlt was up 30% last year and gave you closer to a 34% return when you think of coupon payments. it's normally a saf

cnbc. let's see what the charts say. jeff is with us today, the chairman of renaissance macro research and cnbc contributor. do you like housing? and what are we going to look atto represent here? >> you get the home building index first. housing cyclicly has come off the bottom, it's improved. my biggest concern, here's the home bultders index -- >> this goes back to 2007. >> little longer term, it's obviously down a lot. a nice base formation. you're up against this resistance level. the trends have improved. my biggest concern is when you look at the poster children for bad behavior, it's usually a long time before they become sustained leadership. i think cyclicly we're in a pretty good spot for home builders. but if you're looking for a two to three year investment for stocks, i think there will be some backfilling. >> is there a name you like right now? >> my favorite would be lennar. if you look at lennar on the charts here, you've got a stock that's broken out. this is a longer term formation. obviously a climactic low down here. same type of base formation. looking at getting it together. going to the next level. i like lennar from, again, a cyclical

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for more info, visit madmoney.cnbc.com or give us a call at 1-800-743-cnbc. >>> you've got to admit it's getting better. it's getting better all of the time. i want you to call sergeant pepper's band for the u.s. economy. it's easy to forget about the slower and steady dividend names to pave the way for the domestic improvement to kick into high gear that doesn't see it that i see coming. the fact is this is the fantastic way to pay to wait exposure. i have cramer fife stock guru big e. smalls. he discovered lil' kim and i want to help you discover the real estate investment trust or reit in north america. 113 million square feet of space in the united states alone. it is exposure to canada and mexico that represents 13% of the business. i like the community shopping biz here. for some reason there's not enough supply. we've had new construction in this country and with the economy now accelerating, retailers are expanding their footprints and they need more space and thanks to the lack of construction, space is at a premium. i see 72,000 new stores that are set to open over the next two

for more info, visit madmoney.cnbc.com or give us a call at 1-800-743-cnbc. >>> you can have the best stock picks in the world and it won't mean a thing for your portfolio if you don't also have a good sense of timing. i'm a big believe in the notion ordinary people, non-professionals, can manage their money as well as the pros or better, and that's why i come out every night to coach and teach you. you may have heard from the naysayers, it's entirely possible for someone with no wall street background to outperform the bench marks like the s&p 500 as long us a know what you're doing and think like a disciplined investor rather than a gambler. a huge part of knowing what you're doing is having decent timing, or at least knowing enough not to make bone-headed mistakes about timing, about when to buy and sell. i'm going over some of the most frequent errors investors made. the ones i've made to steer you on to the right track. it's easy not to make mistakes when everything's going your way. when the market turns south, everything is falling apart looks like and pressure is on, that's wh

for more info, madmoney.cnbc.com or give us a call at 1-800-743-cnbc. laces? really? slip-on's the way to go. more people do that, security would be like -- there's no charge for the bag. thanks. i know a quiet little place where we can get some work done. there's a three-prong plug. i have club passes. [ male announcer ] now there's a mileage card that offers special perks on united, like a free checked bag, united club passes, and priority boarding. thanks. ♪ okay. what's your secret? ♪ [ male announcer ] the new united mileageplus explorer card. get it and you're in. united mileageplus explorer card. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. ♪ >>> you know i'm a huge fan of gold, always have been since the show began. a remarkable run. a

for more info, visit madmoney.cnbc.com, or give us a call at 1-800-743-cnbc. ♪ in the jungle, the mightyungle, the lion sleeps tonight ♪ >> what the heck are you supposed to do with amazon.com? is it a buy after the 15 points shellacking it took today? is it a sell after the disappointing quarter the company reported last night? i know you don't want to hear this, but i just don't know. >> don't buy, don't buy! >> when i finished the conference call, i was scratching my head big time. first i was told that amazon would actually blow out the revenues. no, it gave us very unexciting revenues, made me feel like the growth is slowing. second, the company made more money than i thought it would. but i want to see growth right here, accelerated revenue growth, arg! so amazon beating the earnings estimates but missing the revenue numbers like they did is the opposite of what i was looking for. i had no idea that video games were so darn important. yet that was the big call out for the weakness, video games. and of course europe. and a high growth stock i don't want to hear any flaws at all. but

for more info visit madmoney.cnbc.com or give us a call at 1-800-743-cnbc. >>> miffed. that's how i feel about a whole bunch of stories today. i'm miffed. take the hideous social gaming monstrosity known as zynga. here's the first quarter out of the chute. the first one is the public company and it could be a dramatic slowdown in online gaming. the stock rhymes -- wait a success. so what? i think when you first come down the chute you should be headed to a higher earnings trajectory. not a slowing one. how about weight watchers? another name that makes me feel peeved. the ceo of weight watchers could not have been more vocal when he came out on "squawk on the street" talking about a bright outlook and how he took destiny by the horns. he talked about the charles barkeley campaign. no bragging from weight watchers as the company severely lowered its sales for this quarter. it's when people make resolutions. it's going to make the earnings per share look better than they are. so fewer shares will be left as the earnings, but i think it's a great chance to sell and it must

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the vice president of marketing at boeing commercial airplanes told cnbc today at the singapore air show that boeing identified the problem with the shims which are used to close gaps. the issue will be repaired in a matter of days. back over to you. >> thank you for the update. we'll check back with you. >> i want to check in with meteorologist christina loren. she has a look at our forecast. >> good morning. overall we're looking cool, cloudy and quite a bit of rain. so getting a good taste of winter finally, better late than never. we have light showers coming down over the south bay. we're going to see light showers throughout the day today. all the way through about 6:00 p.m. areas to the north of the golden gate bridge you can see from the real time doppler radar starting to get a breakup there. the highways are slick and we have gusty winds so give yourself plenty of time. the last thing you want is to be late. 53 in san francisco, 49 in san jose. as you can see we stop at 11:00 a.m. and we're going to have a little light activity through the south bay. the south bay will see the most moisture. you can see by 6:00 p.m. starting to lighten up qu

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or give us a call at 1-800-743-cnbc. tspark card from capital one...park cash gives me the most rewards of any small business credit card. it's hard for my crew to keep up with 2% cash back on every purchase, every day. 2% cash back. that's setting the bar pretty high. thanks to spark, owning my own business has never been more rewarding. [ male announcer ] introducing spark the small business credit cards from capital one. get more by choosing unlimited double miles or 2% cash back on every purchase, every day. what's in your wallet? this guy's amazing. when we were determined to see it through. here's an update on the progress. we're paying for all spill related clean-up costs. bp findings supports independent scientists studying the gulf's environment. thousands of environmental samples have been tested and all beaches and waters are open. and the tourists are back. i was born here, i'm still here and so is bp. >> if you paid any attention whatsoever to the market today then you probably heard about the so-called golden cross in the chart of the s&p

joining us is new face to cnbc managing member at grt capital partners.e manages the five-star rated fund up 4% over the past year and 29% over the past three years. rudy, i'm sorry. i wrote your name down wrong in the tell prompter. do you own any of those names we mentioned in our screener? >> i don't own any of those names but i own seagate technology. >> go through you small caps. >> i focus more on the small cap stocks. and the three that i have on my list are magna chip. >> uh-huh. >> ultraclean and intovac. they're all inexpensive but i own them for different reasons. magna chip is a vested ipo trading at a single digit p/e. and it basically -- it's got tremendous free cash flow. i think you're going to see that. that will be a theme there. that's why i own magna chip. >> can we go back to my screener? >> oh, yeah. >> i want to ask why do you own seagate and not western digital? >> there's not necessarily one particular reason. they're both very high-quality companies. at the time western digital was more effected by the thailand flooding. so i hap

joining us now on the cnbc newsline is collin mcgranham. a senior analyst at where he covers target. good morning, thanks for joining us. >> thanks for having me. >> i don't understand this. this is a beat of, what, 5 cents on what we thought earnings per share could be or what the market consensus was at and still looking forward they're saying 25 cents to 50 cents higher than you thought it would be for the full year. yet the stock goes nowhere. >> well, the fourth quarter numbers, there are a couple of moving parts in there. an income tax benefit, interest expense. tad ju the adjusted number was $1.43 versus the $1.40. some of the upside was due to lower losses in canada where they're starting up a business. a little better margins. going forward the guidance for the coming year was actually a little bit below consensus. they guided gap eps 405 to 425. that includes the canadian losses. that's comparable to where the consensus numbers were at 425. they're guiding 405 to 4.25. >> the conference call starts in eight minutes. what do you want to hear? >> well,

cnbc exclusive tomorrow. she'll be joining us here tomorrow on "closing bell" on cnbc. joining us exclusively right now is the president and ceo paul basssar who is at the conference in orlando. thank you for joining us today. >> thank you for having me. >> this is a sweet spot for your industry right now, with all the brand name drugs going off patent. how long does this last, in your view? >> well, i think it will last for a fair number of years. we have all seen a good growth this year in 2011 and going into '12. last year we launched lipitor. but there's more to come. there's certainly not a doom and gloom scenario here. we think we've got a lot of growth runway pay head of us. >> what do you make of the backlog at the fda for approval of all a lot of these? 125 different drugs right now. does that concern you? what can be done to try to alleviate it in your view? >> well, that has been a major concern for our whole industry. in fact, we just negotiated this year with the fda, generic drug user fees, fee programs to give the fda additional money to hire additional people to get that backlog down. i think it's the industry doing the sensible thin

kkr's henry mcveigh, omega advisory chairman ceo lee cooperman give us their insights starting at 4 p.m. eastern time. watching cnbc first in business worldwide from the heart of the financial world on the new york stock exchange. we were just driving along,er comin' back from the lake,ng. and all of a sudden, ka-plam. it blindsided us. what is it? our college savings account. how do you think it happened? not sure. i think something we bought a while ago turned out to be something else, annnnnd, i remember a lot of other stuff in there had the word "aggressive" in it. is everyone okay? well, now, yeah. who knows later. ♪ today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering some of america's biggest cities. siemens. answers. >>> maybe we are going to do 13,000, rebounding from the session lows, they attempted to close above 13,000, would be for the

at cnbc. starbucks actually gave us a comment.y said that they're concerned about that and they said while gmcrk-cups are not currently recyclableable, we have shared our expertise in this area with gmcr in hopes of helping them to develop a viable solution. that is an additional cost. that is something going forward nobody's talking about. by the way, this is something as we all know, starbucks is very concerned about. they got the k-cups out. now they got to make sure they're socially responsible. >> is it really an additional cost, though? a lot of these recycleable products you can make them thinner now so they cost less, even. not sure that's a concern. >> existing k-cups, they're working on a patent for new product down there, the bull's next story. they're going to tell you this new product which is suddenly going to come in and cannibal liz the existing product is going to have some impact. we don't even know where starbucks is going to go with the next generation of this. >> herb, let me -- at the beginning of the segment

more on that now cnbc's kayla tausche join us us and sara ellison at the "the wall street journal."'s own people are effectively chopping this and nine arrests to the british police. it's an internal investigation that is throwing this up. >> yeah, well, simon, they established this management and standards committee in july. a lot of this has been expected at the sun as the levinson inquiry. a lot of testimonies pointed fingers at the sun, a lot of these other newspapers that are not named news of the world. so a lot of people expected this probe to reach the sun if not sooner rather than later. so this is largely expected. also remember james murdoch stepped down from the board of the sun and times. you had to know they knew something was afoot. >> nonetheless, sara, how unwise is it in your opinion to anger journalists at a paper like this from your experience and from writing the book from having looked so carefully at the journal? >> well, i think that what's happening inside news corporation and people have talked about this is that there's sort of a civil war inside the compa

at a high level and more or less comparable to 2011. of course later on during the show here on "worldwide exchange" we have the ceo joining us for a first on cnbc at 11:34 ct. i think it's interesting what the company had to report in terms of the entire development of the business. the development seems to be good and if you look at the actual sector, it is very much indicating the cycle we are in in an economic situation. on the other hand some analysts say the dividends and the outlook were disappointed. dividends at two years were below expectations. we were expecting two euros. >> i'm sure it's coincidence but i suppose it's a good day for lo lo loreal to post. stephane has more details. >> reporter: absolutely. in europe it's not very good if you look at the fourth quarter for l'oreal. down 0.6% and also the margins last year we are really under pressure in europe. 20.9% for the full year versus 21.6% in 2010. that being said loreal is driven in market and brazil which more than upsets the weaker performance in europe for the luster in terms of outlook l'oreal will have revenue and profits in 2012 and the company is confident the market w

us. she's senior adviser at barret and a cnbc contributor. allison, your take on the numbers?he revenue and the bottom line side. if we had seen revenue growth and management had said, we're investing for the future, i think people would have felt more comfortable. but i think you need to see revenues being delivered in the fear term as well as investment spending. if you're still uncertain as to whether or not they'll deliver on your future growth, you're not willing to pay more than the stock is trading at. >> when it comes to valuation, i think that's what investors are definitely worried about with this one and also what we're watching in frankfurt right now. christine. >> jackie, the other thing we're focusing, of course, china's forecast beating factory activity for the month of january. par docksicly pushed equities lower today. why? because the slight improvement will prevent the government from implementing policies. allison, let me the me get your take on that. what do you make of that mixed picture come out from the u.s.? what's your take on that? >> i think in look

at the end of the game topping 12,000 per second. the second highest was during madonna's performance. cnbc's resident tweeter darren rovell will bring us the stats. first, take a look at last week's winners and losers. so -- tell me again what happened. i was downstairs making coffee, and we heard it. it just came crashing through the roof, out of nowhere. what is it? it's our ira. any idea what coulda caused this? maybe. i just sorta threw a little money here, a little money there. and i loaded up on something my dentist told me was hot. yeah. ♪ what makes the sleep number store different? you walk into a conventional mattress store, it's really not about you. they say, "well, if you want a firm bed you can lie on one of those, if you want a soft bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the ultimate sleep number event. not just ordinary beds on sale, but the bed that can change your life on sale. the sleep number bed. this is your body there. you can see a little more pressure in the shoulders and in the hips. now you can feel what happens as we raise your sleep number s

us on cnbc. let's cut straight to the chase if you may. you're obviously at the cutting edge of your industry.ttempt, you've now managed to get the once weekly diabetes drug that you're partnering with past the fda. >> that's right. >> why did it take you so long to get that through? what's wrong here in the united states that we're lagging europe now by six months on the approval process? >> i think as a general matter, we're not lagging europe as badly at those statistics might make it seem. but this drug, i think the fda and other regulators realize that once approved, it could affect literally millions of people. i think the standards for standards and efficacy are so high that the regulators want to be very careful these drugs are ready for show time. it's now available for patients. >> this is an investors network. we make no apologies for that. where would you suggest that investors look now within your industry? what is the cutting-edge and the cutting-edge likely to reap the greatest profits, do you think? >> well, i think just in the last few weeks -- you see it here today in new yor

clorox is taking aim at new products and greater geographic diversity as it looks to an improving economy and hopefully a continued rebound from the consumer. joining us in a cnbc exclusive from the consumer analyst group in new york, joining us today. good to have you back. >> good to see you, bill. >> how would you characterize what's going on in our economy right now? you've said, you feel the consumer is fragile, but getting better, yes? >> right. i think we're a pretty good canary in the coal mine, if you will, bill, in the sense that when you look at the categories clorox competes in anything from charcoal, to trash bags, to bleach, et cetera. when you look at those categories, about a year ago they were declining 2% there the historical ranges of 2% to 4% growth. we've at least gone from negative back to flat. we've seen some vitality come back. >> your exposure to international markets is not as great as some of your larger competitors, and ironically, that has worked to your benefit now, given the weakness in europe, the slowdown in asia, right? >> that is correct. you know, we're about 22% international. so almost 80/20 is the rule of thumb for us. i

at 5:30 right here on cnbc. we have the closing countdown right after this break. about nine minutes before the closing bell sounds. after the bell, allen krueger with us, laying out the white house's blueprint helping the economic recovery. look at the major averages as we approach the final few minutes of trading for the work. >>> coming up on the five-minute mark before the close of trade here. the dow is a little over 50 -- now it's inside the 50-point range of the dow 13,000. does it matter? it's a parlor game we play with ourselves psychologically. does it matter if we hit a new millennium number, a new century number? sometimes it is. does that mean when we get to 13,000, that some traders will want to take profits? probably. but we'll wait to see if that happens, especially if a greek deal is achieved on sunday, as anticipated. we begin with this risk on week once again with the euro, that's how we began the week, how we finished the week. the euro this week, a weekly chart here, you saw the mid point of the week here is when the thought was maybe we wouldn't get a deal, and it came back when even the germans were talking about the likelihood t

package late this evening, aimed at averting bankruptcy, but not before a huge and violent demonstration in athens. cnbc's julia chatterly is outside the parliament building for usthe scene there? >> reporter: lester, tonight's vote was an essential step for this country to secure another huge bailout and prevent a default. it comes as over 100,000 people gathered to protest in the square outside parliament. it was a display of fury and contempt, both at their politicians, but also at what many greeks here fear are the too difficult demands for austerity. the protests began quite peacefully but then violence erupted, almost immediately. some protesters began throwing stones and gasoline bombs at police who responded immediately with tear gas. more than 15 buildings have been set on fire and dozens of people were injured. for many greeks, these new measures will mean a substantial loss of income, reduction in pensions, but also job losses at a time when unemployment in this country has surpassed 20%. the question going forward, though, is will these new reforms be sufficient to save this country from eventual default and will the people here be willing to accept

us, st. louis fed president james bullard. >>> and later another cnbc exclusive, secretary treasury tim geithner will join us with steve liesman atm. eastern time, a fabulous friday. ♪ [ male announcer ] offering four distinct driving modes and lexus dynamic handling, the next generation of lexus will not be contained. the all-new 2013 lexus gs. there's no going back. see your lexus dealer. there's no going back. looking for a better place to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. like no-fee atms -- all over the world. free checkwriting and mobile deposits. now, depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answ

michael dell, thank you for being with us exclusively today on cnbc. >> we should mention dell at thes&p, also turning positive. as you know the s&p did break above its 2011 peak last week. it would mean 13.70 but at the time being at 13.66. when we come back, we catch you down to the close in europe. about ten minutes to go. bring you all the action live. jaguar is taking a bite out of the luxury car market. we'll talk to an auto giant executives and get a first look at the newest models when "squawk on the street" comes back. are you still sleeping? just wanted to check and make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. you just need the right professional to help you take charge. ♪ >>> j

cnbc contributor has been bullish on bonds. he's at the cme. he joins us now. killer, i'm wondering what you're watching today and what this data has to possibly do with you're out look and whether it changes it. >> well, hey, we are seeing huge disparity with the jobs number. last week ben bernanke stands. but right now i'm bullish on treasuries. and just like 2011 and recently, every time you see that ten-year, it's a buying opportunity. until the fed moves, obviously right now ben bernanke is not moving that aircraft carrier around. >> i guess the conversation on this desk, at least, since the day the fed gave the forecast was that the whole scenario right now is bullish for both equities and bonds. >> yeah, judge, in my view it's a false sense of securities in these equities. the traders down here, you cannot fight the tape in the s&p. like penal 4r50uded to, moved two fast, two quickly. we're like 17% up in the s&p. and ever since the ecb came without with their ltro we have seen that move into equities. obviously the bond market is still signal that there

us back. not only this company, but this country. ♪ >>> here's what to watch for tomorrow. i'm courtney reagan at cnbc global headquarters.e's what i'm watching. tomorrow continues the string of retailers reporting quarterly earnings. we hear from kohl's, target, hsn, and gap. we'll look at compressed margins and if guidance continues. we'll find out tomorrow. >>> i'm mary thompson. here's what i'll be watching for thursday. aig reports its 4th quarter results. investors will wait to hear of improvements in the company's core property and casualty business. >>> before we let you go kwb let's recap the day on wall street on this quick market stat check. the dow industrials snapping a three day winning streak. bringing concerns about a recession overseas. when all was said and done, the dow gave back 27 points or a fifth of a percent. meantime, the s&p 500 slid about five points backing off from the neighborhood of a ten month high in financials and teches. and ripples through the nasdaq composite which drops half a percent. despite the pullback, the major averages are on pace for the best january and family member percenta

us here on fron motion. we'll see you next friday at 5:30 p.m. eastern time on cnbc. >>> i'm jim cramer, and welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts! they're nuts! they know nothing! >> i always like to say there's a bull market somewhere, and i promise -- >> "mad money." you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you some money. my job is not just to entertain you but to educate you. so call me at 1-800-743-cnbc. today we saw what happens when this market's two big cross-currents cancel each other out. i'm talking about the seemingly inexorable rise in oil. that's like a gun at our backs. and the almost really unexpected rise in the euro. which could put the wind back in a lot of companies' sails. today oil ticked up another 1.87 on the fxe. our key measure of the euro which no one's even talking about anymore, all climbed 93 cents to $134. remember, higher oil means a higher price at the

cnbc, first in business worldwide. glad you're with us. >>> welcome back to the trading floor here at second market. the dow jones industrial average today off session highs, but of course, the dow still poised to close at multi-year highs today. financials among the big gainers on the session today. speaking of financials, second market today announcing the launch of a new pilot program, giving banks more control over the secondary market over their stock and shareholders, creating more liquidity. caryn feinberg is with me now to talk about the opportunities. also joining us is frank keating, ceo of the american bankers association. good to have you on the program. >> thanks for having me. >> thanks so much. we've seen so many technology companies trade at second market. like facebook, that's probably the famous one of all. why banks? you've got banks struggling right now with the regulatory uncertainty out there. why create a market for some of these banks? tell me what's behind this pilot program. >> sure. we had great success with the companies in the technology space. we started to look at othe

the vice president of marketing at boeing commercial airplanes told cnbc at the singapore air show boeing has identified the problem with the aircraft shims usedo close tiny gabs in the fuselage. noted that the issue would be repaired in a matter of days. the president is scheduled to submit his fiscal budget proposal to congress today. it's intended to chart spending in the u.s. fore the next ten years. though the budget is often ignored, some highlights outlined by senior administration officials include a proposal of the buffett rule which will implement 30% on households making $1 million or more, it outlines more than $350 billion in cuts including farm subsidies, government works pensions and defense. and let's switch fwers for a moment and talk about toys and playing because it is a serious business. attendees at the new york toy fair will tell you that it's a business worth $22 billion annually in the united states. joining us now to talk more about it is the president of buffalo games. paul, let's talk about the toy industry. to me it seems recession proof. if you have a screaming 2-year-old and you can offer them a board game which i

us. kevin, cnbc contributor, chief market strategist, what are you looking at this morning?ould say traders are focusing on the yen, which has been absolutely sandblasted, and oil. those are the two markets traders are watching the tone in the s&p is looking for more defensive action into the isms next week. i think an orderly decline would be a good test, maybe something into the low 1340s. >>> forget italy, man, japan has an awfully big one, doesn't it? >> you bet. the idea that they stepped on the gas, moving their currency down, getting back into the game with all the other central banks, i think that added a lot to the movement of movement around the world towards what people have termed risk on, but i just think that the market has had a great move since october/november, an orderly decline that began to develop and give us a chance to get some as-expected news at the end of the month on production. >> all right, kevin, thank you. >>> back over to you, melissa. >>> let's check back in with rick santelli who's standing by in chicago. >> hi, melissa. all the futures mark