Prices and a drop in Consumer Confidence. Welcome to the most important hour of the session. 59 minutes to go before the closing bell. Slow down. Today. Excited we will see. Two points away. Get you back. Im excited to be here. There is news that interests me. Care are a number of other stories today i would love to get to. We have good stuff. Please matt right now by talking about tesla. Biggest gains we are seeing today. Morgan stanley doubling its prices in stock this morning to 320 in share in part because of its new Battery Technology we think is coming. We do not know exactly what is coming yet, but a lot of options surrounding it. At the same time, Consumer Reports are coming out with rankings of cars and finding the model s is the best overall car. All of that will be lifted shares. Macys is also doing well today. The company posses samestore sales did not perform as well as per as expected in the last quarter. Most of it had to do with the weather in january. That is what the company is saying. Its profits be estimates. Trying to control costs. Finally, home depot. We geten is it lately two retailers up and meeting. That is a we have. Home depot, sick straight years the company has the order met estimates and continues to profit as we get the housing recovery going. Good stuff. Thank you. Time for our big story in the world posses largest and most promised bitcoin exchange, has gone offline. Bug in theira system. Closesion was taken to all transactions for the time being to protect the site and our users. It comes one day after the company ceo stepped down and weeks after a major bitcoin proponent was arrested. Getting tough year for bitcoin enthusiasts. We want to know whether or not the currency can survive the closure of the biggest exchange. Here are answers. The trade hill, cl, and eric or hes, bitcoin entrepreneur. I will start with you. Tell us what happened to you. You have lost a lot of here. Yes. A number of people lost quite a bit of money with this. I have been in the space for a long time. It is not at all worthy of our trust. So yes, it is a lot. How much did you lose . Million, itarter was all in bitcoin. Now you cannot get it out. Yes. That is the risk of keeping money with someone who is not trustworthy. Is this a problem with bitcoin or just a problem with mt. Gox . It is not a problem with bitcoin. It is an interesting problem. A lot of people do not know and i recently discovered mt. Gox is an acronym for magic the gathering online exchange. Exchange, usedis to be for trading cars and it developed into a bitcoin exchange. Over in japan, and i was telling trish earlier, i spent a stack of hundred dollar bills to some dude in japan who used to trade magic cards for a living, and that i lost it. It would not be a huge shock to me. . Hy did you trust mt. Gox i know a lot in the Bitcoin Community have not trusted them for a long time. I did not trust them. It was risk and i was able to do trading there. I knew the risk and got burned by it. The fault is ultimately mt. Gox s, but i shouldve known better. This is not a bitcoin problem but a problem related to mt. Gox but a comes on the heels a lot of concerns regarding volatility and bitcoin prices barely side arrestedin proponent just a few weeks ago. Of negativeen a lot publicity surrounding this currency. With all this in mind, what is the future of it . I 100 agree there has been a lot of negative publicity. But i think as these things clear up, whether it goes away and whether people get their money back, we will see, it is for the the Way Companies that are trustworthy to move forward. I would rather see this outoftheway and behind us, that we can move forward. I would like to have seen it last year. That is where we are. Trustcan people really bitcoin when things in this are happening and the prices are a liver the place . You can definitely trust it. It is not a bitcoin problem. Illustrates you can fold the coins yourself and print them out on a piece of paper and put them somewhere safe. Ou do not have to use mt. Gox you have choices. There are other exchanges. People can use client base, been stamped. Bit bit stamp. A problem with protocol but a problem with people writing code at mt. Gox that interacts with the bitcoin protocol. It is great to look at those issues. If you look down and dig down into the details, i have to happened. What they do. Just vanished. We can all see where they go on the block change. Chain. K in your statement you put on reddit yesterday, which was role wellwritten and widely read, you say the coins are gone forever. Why do you think theyre gone forever . Look and get them back out of the cold storage he has probably got them stuck in . I am sure a lot of people will try to get their coins back , but you ultimately cannot lead a stone. I do not believe mt. Gox has the money to pay back the people in those. Hopefully i am wrong. I have written it off. I do not think i will be getting it. What you think was going on there . Gross incompetence over a number of years that never got remedied. Had buyout opportunities. The details will be coming out over the coming weeks. Mt. Gox is gone and good riddance. If he is not the bernie made off of the digital world. Make 740 4000t bitcoins disappear. The fact it seems like it happened from a bug in the source code that was solved back in 2011 leads me to wondering what mark is doing over the past three years, why he did not deal with the problem earlier. About theu think issue . It seems some people have given bitcoin bad press like the guys who are running silk road and whatever followed those. They seem to just hes out with a larger amount of coin and disappear. Is adoes not mean there problem the actual software or the code. But it does give us all a bad reputation. It definitely hurts the reputation of the ecosystem. We look at this if this is behind us, we can move forward. For those in the Bitcoin Community, this is not a surprise. We have had of customers checking out and having issues with settling their account, that is a super majority of the issues we have had. We never had any money over there and we did not lose anything. To us, it is a hiccup for the industry. What client base is doing and a few others will set the precedent moving forward. There may be regulation. We will see. Is kind of what the currency is not supposed to have. Isnt it supposed to be regulation free or a freemarketbased system that works unto its own . If you have zero regulation, it is kind of the wild west. It is a question of what is the right amount and who are the ones who should be regulated . It is a question of what the right balance is, not over regulating, but if there is regulation, it should be people in a position like mt. Gox. How the responder that . You spoke about regulation in the rep in the letter you wrote yesterday, saying we should not actually to these to goms and allow bitcoin regulated like all the other currencies. Remember it was also the data it is not just a coincidence. I lost a lot of money, but im not clamoring for the state to come bail me out. No one should bail out mt. Gox. There were losses and that is gone now. Personal responsibility is important in a freemarket. It sounds like even if it itself wreck to bring back tomorrow, he would not go in. Personal responsibility is important in the freemarket. It is the kind of thing you do not hear. Im glad he said it requested stuff. Thank you. Coming up next, the retail sectors that with the best performers in 2013, may be stuck in the mud. We will get insight and action from adam on how you can find your best bet in retail right now. Welcome back. There are a few bumps in the road when it comes to our consumer. Questec couple of speed bumps. We will slow down and check the side view mirrors and figure out what is happening. Time for a little insight into what is happening. Let me show you speed bumps we had to go over today. Told Toll Brothers with earnings lowering sales by four percent. It is not catastrophic. Speed bumps, lowing the top and by four percent. Macys sales fall two percent this despite the discounts. Cuts. An, 8000 more job a little bit of a speed bump. We just need to be aware of what is happening. This is how it is characterized by the strategist over at citigroup. He says, we see little rationale to buy on weakness and many reasons to be anxious, especially given valuation issues, leading indicators, and revisions. That is what speed bumps look at look like. It is not sell everything, but you get signals to say, be careful and recognize where you are. As it turns out, there are a lot of Consumer Companies that will report earnings over the next couple weeks and the analysts have already started lowing the numbers. They are all reporting tomorrow and at least three analysts have lowered estimates on all five of those companies. They report the day after tomorrow and he look into next week, costco and petsmart. It is exactly why, when you look at retail versus the s p 500, it finally started to lose its week. You Start Connecting all the signposts along the way and we realize it is time to take a little bit of a pause and get to earnings season before we jump back into retail. We are joined by a market veteran. Decadeseen four consulting both the private and public sector. Four decades. David blitzer, welcome back. The americank . Is consumer showing a lot of signs of resilience ran now based on what you saw in the study . They are generally hanging on. But there are a lot of soft spots. Toll brothers and housing is probably one of them. Housing had a big recovery last year. Sales, construction, the whole new home section of housing, lagging activity. Wet is a bit of a concern are watching closely. Consumer sentiment it is surprising. When you think new homes would go faster than existing . Or is the pricing much better. It is hard to say. At one point, it was a question whenilders were ready housing started recovering after four years. Do they have enough land . Were they really set up to get really had . There may have been question. The whole new construction and new home sales are probably half of what they should be compared to existing home sales last year. Does this suggest for housing that they slow down . It suggests we may have a hard time getting it right away. That is a concern. A lot of supply in the last few years came from foreclosures. Sellouts are not a concern. Housing has two sides. Are buyingtalk about and not selling. Even though at the end, it is halfandhalf. Very interesting, actually. I think of it now that i have bought a home as a seller, if we cannot build enough houses this winter, it means supply will be low and we will still see family creation going at the same rate so more people will need homes than are available. Year, they are supposing it will be better than last year. Sell your house, where do you live . A very good point. On moving in with trish. [laughter] good point. A that money is effectively tied up forever, until you are may be to ang to cash out and go different market. If you live in new york city and say you will move, then you might be able to take money off the table. If you stay in new york city, you still have to live somewhere. Suppose i do not want to have to pay any back. Suppose some place in the midwest warehousing is reasonable, which ought to be nice, any move to new york city. Then you have got a real problem. Well put. He is sticking with us throughout the show. Could she be the next president of the ukraine . We will tell you about the woman behind the braves. Weird but cool. Stay with us. A possible default. Today, the acting president pushed back a parliamentary vote on the formation of the new government to thursday. As or who as for who will lead the country, that is a that is still unknown. One name that is out there that has not entered the race but could is the former Prime Minister just released from prison. Joining us on the phone from london is ryan with more on just exactly who she is. People certainly remember her when they see her, for the braves and the blond. But she was very instrumental in the orange revolution. Give us a sense of who she is and where she comes from and what she means to ukrainians today. Quack she was a businesswoman in the 1990 passes. Many would argue she became a fantastically successful career politician after that. She has been tactically savvy enough to serve as the countrys Prime Minister not once but twice. Some see her as a hero. Nemesis, of the outgoing president who fled on friday. Lost to him by a very small, low singledigit margin, and then went to prison and then a prison hospital, many believe because of her opposition after she was convicted on what her supporters say were absurd and politically motivated charges, that she signed a deal with russias president clinton that was counter to the countrys interest, only to get released fleeing,end as he was by her supporters, to then emerge on a stage on Independence Square and speak to a crowd of about 50,000 people from a wheelchair. On the other hand, she is a dead of an opportunist. They look at her as a chameleon who will change her views and allegiances. Se that includes people on Independence Square, to be frank. Some people think they need a new rate of politicians. I do not think being an opportunist or a populist makes her any different than politicians around here. Some would say it makes her very skilled at the democratic election. What do you think her chances are . A good politician, she has had fantastic setting, for sure, to launch a campaign. Will she be the next president . She did he not only indicated she is ready to run for the presidency, but when she spoke to the crowd, in some ways, the way she was talking was as if sade is the president. She has not officially debated her people, but i would be very surprised and many people would be, if she did not. Chances, more people could come into the race. She is the only politician that, right now, people think have the same kind of weight the president had in the last election. Let me ask you. She is polarizing. I have spoken to a lot of ukrainian americans and a lot of them do not think very favorably of her and do not necessarily think that is the solution. Is this a common sentiment you are seeing overseas in the ukraine . It gets back to the opportunistic theme. People see her as, she was Prime Minister and work in various what she saidd when she was running for office or outside of office was usually very different than what she said when she was in office. She happened to get along with president clinton very well. Right. A critic of his. We are coming up on a hard break. Coming up, the person behind those elevator tweets. One of wall streets bestkept secrets revealed today the satirist behind the twitter account has been identified by the new york times. Comments overheard in the elevator like, football season is the only time of the year when Unemployed People know when monday is. That is so good. I will not laugh at this. The fact that there are ugly hookers totally see you all you need to know about freemarket and men. An,000 followers launched internal investigation at goldman. The man behind this is a former bond executive who lives in texas and never worked at Goldman Sachs. ,e are now joined by an analyst and bill , how Goldman Sachs came to rule the world. All right. This is not a goldman employer . So disappointing. My gut told me it never was. Do you think old and is relieved the real identity has been revealed . Goldman wasthink worried about any of this. Theyre focused on their business and making money. They supposedly had an investigation. Who really wants to talk on the elevator anyway. The do not talk in elevator. Exactly. It is a good reason to do what you want anyway. It is fun tong, pick on a Goldman Sachs and that is what this guy did. Isit seemed to me he elevating the image of Goldman Sachs for this kind of an audience. Investment banker types think his twitter was hilarious. I thought it was hilarious. People on the east coast think it is amusing. If you do not work in hr, it is a very funny twitter account. One of the things i thought was funny is that i assumed it was not someone at Goldman Sachs and i said, ok, hes playing up a stereotype of the Investment Bankers being smarter, craftier, pithy, then a commercial banker. Which is why it could have been jpmorgan. It make sense. I used to work with Goldman Sachs. I was a summer analyst there. My first real job. The culture was great here there was a sense that yes, you were the best. But it was all, we are all the best together. It was a positive, good kind of culture. I do not know that. The it speaks to something we had talked about in the past. Wall street as a partner based business was very different. True. This is probably right around the time when they went public. They were all very happy. Right, but they still have, more than any other firms, a partnership culture. They were not yet the bloodsucking vampire squid. A very street is still cutthroat place. In my opinion, in my experience. 17 years. They talk a lot about culture. Yes, the culture can sometimes be very supportive. It can also be very cutthroat. Ideal israel. Ship the partnership was real, but it is still cutthroat and still a zerosum game. That is what the elevator guy tapped into. You look at bank of america, a very different culture. Merrill lynch is different, jpmorgan, they are all different. Wall street is not monolithic. What the elevator tapped into is the idea of elitism and privilege and a holier than thou attitude. And you want to be ruthless and aggressive and competitive. He will make a lot of money out of it. It goes away . K that is what youre asking. Now that we all know he is never been at goldman, does the book deal go away . Was a just satire to begin with . I think it was supposed to be his real world experiences based on Goldman Sachs. Experienceshe tells of being on road trips and fundraising excursions and things like that. He is actually telling tales out of school. There are two very different things. One is satire and one is actually just the twitter feed is satire. The book, which he claims to be his real world experience as a banker at Goldman Sachs, we now know that is not true. This is the point. You are saying he is basically Michael Lewis in this book. Pseudonym,nder the which alrea