they will compete with local ores --- local zales jareds. >> do you buy jewelry?ion ourselves as the ultimate companion to the modern consumer. people have jewelry that they don't wear anymore so they can contact us through the toll-free numbers or our website or visit one of our offices or regional purchasing agents throughout the company and get a written offer. if they are accepted, they leave with a check. >> kind of like a fancy version of a punch up and away. shop,cy version of a pawn in a way. >> i think it is a very unique upscale experience. >> no, it is fascinating. thank you very much for being here, cofounder and vice president of circa. cristina alesci, of course. let's get back to our top story. ukrainian leaders have signed an agreement with the opposition. i want to head straight to the newsroom. economics editor michael mckee is joining us, along with chief washington correspondent peter cook. peter, as you and i were talking earlier, we were talking about the historic issues between the u.s. and russia and how that seems to be playing out all ove

it never really got battered in the same way zales did because of the recession.on life support for a long time coming up in -- out of recession and needed emergency rescue financing. around 1600es stores and it will be combined with the signet's 1900 stores. a behemoth. what it will do is probably get some flexibility with their vendors. where they get the raw material for their product. it could actually make the margins better for the combined company. about this being subject to shareholder approval? will it fly through? side, becausele they got rescue financing, private equity owns 22% of the stock. and golden gate already signaled they support this deal. on the other hand, signet has an activist investor, big surprise. we know back in january signet met with a guy who came out of ahn's ferments spun off. he took a position in signet. we have to see what keith meister says about this deal but it does seem like a very good investors.le 40% premium over whether stock is trading. it could be a match made in heaven. >> we will see. a marriage made in heaven. fill

didn't play any role in the decision to make an offer for zale.e have been working on this for quite a few months now. there have been a lot of great people on both sides that have worked very hard on this deal. a lot of the things that our shareholders bring to our attention, are things that we really believe we need to listen to very carefully, and that's what we have done over time. we are one of the great things about this deal is we are going to be able to utilize a very strong balance sheet to make this happen very effectively and very efficiently, and i believe that that's what most of our shareholders want to see from us. the utilization and optimization of our balance sheet and our ability to grow our business and there's nothing better than investing back into the main core business that you own. >> i wanted to ask you, jewelry sales were one of the strong spots in the holiday retail season during the fourth quarter of last year. to what do you attribute that strength and do you expect that it will continue in 2014 or even out to '15? >>

. >> kays is buying zale for $96 million. the deal is valued at $21 a chair that would give zales shareholders a 40% premium from the company's closing price yesterday. the deal will unlock new sources of growth. >>> more than 40 million americans are saddled with debt from their student loans. al jazeeral jazeera takes a looe graduate's struggle to pay off her loans and get on with her life. >> if you want to succeed and get the american dream that i came here for for for you to get, go to college. >> that's what the 30-year-old father instilled in her since the age of eight when the family fled the chaos of a collapsing soviet union to build a new life in america. >> just like an all american girl. >> she went on to earn a bachelors in journalism and a masters in international relations only to graduate in a recession-racked economy, jobless and overwhimmed by 80,000 in student loan debt she quickly defaulted on. >> i just ignored it. it was a big mistake to ignore it. >> only when she landed a part time dream job at the un

kay jewelers a parent signet is buying smaller rival zales at a deal valued $1.4 billion in total. signet which owns jared would give the combined company a 16% share of the specialty jewelry market, and according to the ceo will give consumers more choices. >> we believe by making a transformational acquisition such as this we'll be able to give our customers much better in innovation by doing more research and development, and ultimately it will lead to more choices for them. >> shares of both companies surged on the news. zales up to 20.92 and signet rose 18% to $93.65. >>> eli lily rose on the news that the company's experimental cancer drug significantly improves survival rates in lung cancer patients. the treatment which some think could be lily's next blockbuster drug has shown success in treating stomach cancer. shares rose 5% to $58.09. shares of garmin up sharply. investors snapped up the stock on news of better than expected earnings and sales. surprisingly, it wasn't the traditional gps systems that drove the navigation company's positive results, but it was stronger de

signet is buying zales. the offer represents about a 41% premium over where zales closed yesterday.al old estate and is -- holds a stake and is backing the deal. >> the amount is double what google capital had last year. google capital is putting 40 million -- $40 million into renaissance learning and plans to do five or six more deals this year. >> the u.s. government is asking on information and 35,000 user accounts last year. e-mails, text messages. under thets fall foreign intelligence surveillance act. 35,000. staggering. >> you want to stream netflix on your smart phone? the bigger question is, who should pay for all that bandwidth? and mo koyfman join us. steve, you are the original internet guy. who pays? where to succumb from? -- does it come from? >> have you allocate some of the cost? consumers will pick up a lot of it, directly or indirectly. there will be a battle. as we have seen in a variety of different transitions. where people draw the line. the people owning the channels, telephone, broadband. they will always try to figure out ways to get as much as they can for

signet is firing zale.d in north america. higher food prices partly offset by cheaper gas prices. that is the latest from the fox business network. giving you the power to prosper. ♪ cheryl: it is in your blood. apple is developing and i walked back and monitor blood flow and predict heart attacks. they can give wearers a false sense of security. joining me now is doctor debbie. we have had a lot of conversations. you are saying that users could have a false sense of security. >> it can predict that. we do not have technology that can predict if you will have a heart attacks. it is not a full -- it is not what you really need. what this does is it tells you how much oxygen is in the blood. you may not be having a heart attack. there are normal situations, too. you do not want to different problems. cheryl: i would rather do that. rather have a precautionary measure than the other sense. >> that is true. they are actually relatively okay. nothing impacting at that moment. the danger here is that a mobile pho

and uk, acquiring zale's, a premium of 41% over the closing price over at zale's.ause the acquirer doesn't usually jump but all side benefiting from this one. >>> tesla reporting earnings after the bell. the big focus is on how many vehicles they sold last quarter. is tesla a buy ahead of earnings? let's start talking numbers. on the technicals, andy busch and on the fundamentals, john stevenson, a portfolio manager at first asset investment management. john, start off with you. don't give me this valuation thing. you could have given me that argument $150 ago. go ahead. >> well, i think the fundamentals, it is a valuation argument, but i will talk to the business side of things. i think they will report a decent number of cars, maybe 6900, which would be good, would put them a little ahead of plan. that part's good. but the real situation is do you buy today and why would you pay 117 times p.e. when even if you consider it a technology company, the average p.e. in the technology sector is 18. it's way overvalued. there's no possibility of it becoming mass market b

signet jewelers has bought zale for 1.4 billion dollars. signet's stock shined on wall street yesterday as investors sent shares up 18%. the brand could even give tiffany and company a run for it's money, by adding over 16 hundred locations in the deal. next week on capitol hill, the senate will take up tax evasion. the focus will be on corporations that stash money in swiss banks. the hearings will be lead by senator carl levin. bankers from swiss based u-b-s are expected to testify. last may, levin was in charge of a hearing on apple's tax practices. still to come: one trader plots an exit strategy for a grocery stock... plus... warner brothers wins big on the movie that kids like, but adults love. and are employees at their breaking point?? protest galore are coming up after this break! while walmart announces that it's looking at supporting a hike in the minimum wage, the latest piece of ammunition in the battle---has the congressional budget office taking cover from democrats and praise from republicans. our cover story takes a closer

maybe jarrod went to zale's. plus, cnbc's top 25.own the list to 200 to ultimate 25. the icahns, rebels, and leaders who meant the most to business over the past 25 years. today, a fashion face-off at the top. ralph lauren versus donna karan. meanwhile, back to scott and the "halftime" team. >> thanks. the consumer industry's biggest ceos are gathering at the new york conference in boca rattan. sarah eisen joining us with on th them. >> thank you, scott. i'm here with denise, ceo of campbell's soup company. denise, everyone is talking about the impact of the weather, hard to imagine here, it's so beautiful. has this been a benefit, this cold weather to your core product soup sh. >> i'm a big fan of global cooling. of course, the weather helps a product like ours. however, we can't control the weather. so we've been really focused on the drivers of demand for delighting our consumers. >> you don't shift the strategy given the colder temperatures? >> no. we have a seasonal business and we recognize that. and, no, we have a very tight s

how about zales, david?llion and the stock opening up 40%. >> and signet will be up as well. this is one of the stories of the market at this point when you talk about companies that are overcapitalized, that have been hoarding cash and put it to work to do a deal and they get rewarded and signet agreeing to acquire zale for 21 bucks a share and cash, that is as carl said a 21% premium to the closing price yesterday and it's immediately accretive, in the high single digits they are talking about hence why signet is up over 12% and it had been up prior to that because of corvex moving into those shares. it's a theme we've talked about. it's a driving force behind the deals that we are seeing although frankly we're still seeing very few of them, though yesterday we saw that very large deal in pharmaceuticals, activists making a move to acquire forest labs, frx. and there the accretion numbers the analysts are still working them, but, again, very significant. it will be impacted by a much lower tax rate, anothe

the owner of jerod and kay and kay -- jared andlers -- to buy zale, 3500will operate retailers, all ofhe jewelers in the whole world may be owned by them. -- may cost 500,000 people their jobs, but raising the minimum wage will raise people out of poverty. the of -- obama and the democrats want to raise the rage -- wage by $.10 per hour and republican say -- we have a reporter on the ground , helmets strong -- helmut st the correspondent on the ground in the ukraine. how safe is one walking around the streets of kiev? >> that is a good question. it is quite bizarre. we are less than an hour away from independence square. quiet. suspiciously but you really have to walk towards the square, and if you get onto the main road, then you can see the first barricade. smoke from the black the fires burning on the square. >> we had reporting of joe biden saying, de-escalate. and now the natural -- national security adviser says that this is unacceptable and the president may make a statement on this. we have heard from the polish prime minister who says we could see the first days of the civil w

signet jewelers limited buying zales corp.early double its stores with this acquisition. time for today's insight and action. adam johnson looks at the case for investing in equities. bullish and compelling argument for being bullish all year. it is brought to us by jonathan, over at rbc. he went back in years and found an incredible correlation. he determined a one percent move a 2.5% move in sales of the s&p 500 companies. translated into a six percent move for stocks. that is why the big picture matters. that is also when you call operating leverage. in jonathan's own words -- you can understand why banks would go up in the scenario because banks make loans and they are levered at 12-1, but industrials, that is what i want to focus on. the banks have to deal with a lot of regulation, and that is too hard for me to understand. regulation that we do not know what it will be because it has not been written yet. so let's focus on industrials, operating leverage. i went through the 81 companies in the industrial s&p 500 and i lo

zale talks about envying the 1%. it's not envying the money they have.s people don't respect the rich because they think the system is rigged against them. it's not because they're envious of money wealthy people have. >> certainly there's some of that. people do feel the system is rigged against them. if people have to go to -- young people go to poor schools or grow up in households where there's crime in the neighborhood and so on. i do think it's important for us to -- i don't know if the right word is envy, but to em late what the rich do is important. the evidence is clear most rich people built businesses, did work hard. that's exactly the kind of trap to the american dream every american wants. i am troubled quite frankly carol, with the kind of talk, if we tear down the rich, that's somehow better for the middle class. christine is right. a lot of traditional middle class jobs we saw in the 1960s and 70's have disappeared. no question christine. it's true we're creating a lot of jobs in tenergy and technoloy industry. we have to get the workers

shares of signet soaring answer oof after saying it will be zales.d you say i do and buy shares of signet. >> scientists have created a social media lie detector to check statements on twitter. we'll reveal your best and most truthful responses. we have a lie detector test of our own called intuition. opportunities aren't always obvious. sometimes they just drop in. cme group can help you navigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ameriprise asked people a simple question: can you keep your lifestyle in retirement? i don't want to think about the alternative. i don't even know how to answer that. i mean, no one knows how long their money is going to last. i try not to worry, but you worry. what happens when your paychecks stop? because everyone has retirement questions. ameriprise created the exclusive confident retirement approach. to get the real answers you need. start building your confident retirement today. [ car alarm chirps ]

zale is being bought by signet jewelers for $690 million. signet owns kay jeweler.ht now the market off to a flat start this morning after a mixed day yesterday. let's check the big board. right now the dow is up by 11 after a negative open. nasdaq down 5. s&p trending slightly lower. tesla shares down 2.5%. the company reports its earnings after the closing bell today. michelle and frank, back to you. >> okay, jason brooks, thank you. >>> it's called the nitro coffee and it's the new buzz i guess around java lovers but it looks more like fresh brewed beer. it's even served out of a keg at chocolate fish coffee roasters in sacramento. it starts with a big batch of iced coffee. >> then we throw it in a 5- gallon keg, put it under nitrogen for five to six days, and then after that it's ready to go. it's really creamy body, really brings out the sweetness and the fruit in it. >> what you get is an iced coffee that drinks more like a stout beer, looks like it. the creators say it's so smooth and sweet that there is no need for sugar. >> two, please. >> looks good. >>> c

zale's is a turn-around story.come was on the brink of bankruptcy two years ago, four or five years ago, golden gate invested $150 million, okay? it is acquired by signet this @eek for $1.4 billion to turn around play for $21. 40% premium to where the current, where the stock was trading at. david: i'm going to press you for a second here. i hope you don't mind. >> please, please, press me david. david: but give me a number, a specific number. if you were to break up the parts of barnes and noble into the most valuable assets, what should this company be offering? is it, i get feeling from you that $22 is not enough. >> it is not enough. when we put our note sum of the parts analysis back in july. david: looking at that number. this was back in july. you thought real value was upwards 30 bucks a share. >> yes, 30 to 32. the nook business has declined in value. retail college bookstore has declined slightly in value but i believe, the back of the envelope, david, to a.n.s.w.e.r. your question, is something north of

liz: signet was the big deal with the zale's news. how many more opportunities are out there in your opinion. >> they are out there. a lot of companies we're following think that in the next cycle, peak of the next cycle, earnings can be 170 more than the previous cycle. a lot of that is not factored by the street. we do see these opportunities. david: christian you think the n the next 10 months. why? >> i think there is plenty of room for this rally. surely we've bonn gone up 17% since december or since 2009. we're not at a top where everyone thinks that the gilo political situation, the federal reserve situation, monetary policy in us is all good. there is a lot of worry. bull markets tend to climb a wall of worry. we have up side as much as ten% boeing into the end of the year. david: you say we'll move up 10% based on negative perceptions in based on climbing a wall of worry? there has to be something more substantive to your wishes? >> bull markets end in tops where there is consensus, consensus things will continue to go forwar

don't go to zale's expecting a $2,000 ring will be worth $4,000 in a couple years. >> julia, would whatd dampen your enthusiasm to receive a nice diamond? >> here's the thing. i would be thrilled to receive a nice diamond but diamonds i think are for wearing. people don't usually get jewelry with the idea of selling it later and unless someone's going to be buying a giant rock that they will be keeping in a safe somewhere, i think it would be crazy to really expect to get that kind of 20% return on investment. this is -- diamonds are for enjoying, not reselling. >> i coined a new name for this. bling-vestments. >> i'm going to go home tonight and give my valentine, my wife, a nice share of john deere instead of a diamond. she'll love that, right? >> good luck, tyler. >> she will really like that. under armour defending itself after some asked whether the drag on the suits are to blame for team usa's disappointing speed skating results. i hadn't heard about this controversy. what can you tell us? >> i think this is fascinating. speed skating is one of these events where even just a tiny

right from the get-go, take a look at zale's bought by their rivals signet by a billion dollars or morerecommended this way down when it was $5, didn't you. charles: 5.20. stuart: did you tell people to sell it? >> we took profits. we were up 200%. there's a lot of stories, the first stories, a lot of moral to the story that the audience should know. first of all, at $5. how many people watching the snow last year could have bought the stock at $5. and secondly, the idea that something has reached its peak because it's up if the fundamentals are proved, then the stock-- >> they don't want to chase it. they see a stock go up, an up, up, that's as far as it's going to go. charles: it's not the chasing part. that's all americans do is chase performance and that's a mistake they make, but they do sell too soon. in in case you can't get mad if you made 200%. but i'm happy-- >> another one of your pictures, lumber liquidators, they came in with strong numbers. nicole, tell us how well charles is 0 doing with this one? >> this is a great one, charles. the shareholders are happy watching lumber

zale's, signet jewelers. they are combining. also barnes & noble, jos a. bank. there's a story there. take a look at the downside. you've got some of the traditional underperformers we have seen in the past, jc penney, best buy and sears heading lower. they are picking up downside momentum that they picked up in the past. of course, there's another story here as well. within stock picking, there are industry winners and industry losers. check out athletic apparel because on the one hand you have lu lu lemon down 11% so far this year. on the other hand, you have underarmour up 36%. so a lot of different themes, whether deal related stock picking or traditional downside movers, a lot of those making headlines. >> thank you very much for that. cnbc contributors are here. i feel very comfortable in the mall. i can make my way around and know what is what when it comes to retail and shopping. but i'm a little confused. give me the skinny here on what kind of take-aways we've got. what kind of trends can the investor take away from this? >> i think it's very clear tha

two stocks -- signet and zale in the green.o buy them, marking the biggest acquisition and strengthening its lead as the largest jewelry chain in the u.s. as about 1600 stores and the network go to 1900 out let's go buy signet. >> every mall in america has a jewelry store owned by signet. -- those it at jared's are the only three besides claire's boutique. >> they are breaking through. this is their demo. they need to get you. panera bread up even after issuing a disappointing moffett for the current quarter. panera is also investing more in its restaurants. .> number three is carlyle those shares up as the company reported profits more than tripled. the value of its funds from -- dumped and the profits soared. during the soaring quarter. >> number two -- u.s. steel plunging. of commercent rejected the claim that south korea is selling steel or dumping steel into the u.s. below cost. the u.s. had that was depressing steel prices, but they say it is not the case. >> let's get to our number one stock of the day -- tesla up ahead