Day. Stand by. The stone for tomorrow will be set when we get earnings from google, ibm and Texas Instruments. And when that happens as we get under way now with the second hour of the closing bell. Its 4 00 p. M. On wall street. Im Michelle Carusocabrera in for maria bartiromo. The dow and s p closing at another fiveyear high. Google set to release earnings any time now. Dow jones industrial average down by 58 points and the highs of the session, 13,70 and nasdaq higher by 8. 5. 3,000143. A gain of a quarter percent and the s p higher by a little more than six points. 1492. A great year to discover america. Bill. It was. Lets get ready for the earnings. Google and ibm out any moment now. Get the numbers and a panel of analysts ready to tell us what they think. Paul and gary will be watching the numbers when they come out. Cnbc contributor michael yosikami and joe greco of Meridian Equity Partners joining us in just a moment. Michael, let me start with you. You bullish . Yes, i am bullish. I see no reason why the markets should not continue to go higher. Interesting to see the numbers kemg out of google and ibm. An indication of the strength of the global economy. Yes, obviously, the fed is juicing this real, but cash on Balance Sheets is at record highs. Unemployment seems to be stabilizing, and have you nowhere else to go, if you go to cash, what are you making, nothing . Nothing. Go to bonds, nothing. Might as well put it in the mattress. Exactly. Watching google there. Waiting for those numbers. Not out yet. Estimates coming down. Rich peterson what, role does technology play in this market right now . How important are they . Its always the audio. In terms of the s p capital estimates, looking for a 1. 4 decline and earnings in the Fourth Quarter. However, you look at the low point for the earnings decline for the sector were seeing upturned in the First Quarter, Second Quarter 2013. However, i think, you know, we had a big rise with many m a deals last year in the sector. Investors should not be ignoring the risk out there. So far the s p 500, so many headwinds out there in terms of what the fed may be raising rates some time. Okay. So you see Technology Earnings bottoming here and maybe Getting Better from here. Still, going sob some volatility. Have we got joe greco . Glad youre on because every guest weve had on today is bullish and that makes me nervous. Usually a bad sign. Same here. You are bearish. Tell us why in. Out of blocks the market is fantastic, but i keep scratching my head as to why, a lot of headwinds. The fed is printing money, everybody in the whole world is printing money. Seriously. Everybody is printing money. No guidance that says things look fantastic. Theres guidance saying theres troubled waters ahead. Well keep our positions, wont go up on a hiring range. There isnt the type of activity you would have expected given the markets move. You guys are not interrupting the audio so i cant give it to me right now, there they are, 12. 16 billion, the fourthquarter numbers from google, lower than what i had here. This market was expecting 12. 34 billion. When you include motorola home you get close, right, or is that telling us what the estimate was including motorola . The estimates have the analysts include the Motorola Home Division which the company sold last year. Google is reporting earnings that do not reflect the home and have to add them back in. Do we have jon fortt standing by yet . All right. Still crunching the numbers for us. Motorola home did i rigs is the set top box division that they just sold. Paul meeks, let me bring you in, if youve got any feeling about google and what to expect. As we said, the market likes what it hears so far. Google up 3. 33 in the afterhours market. Its a good question. The way i look at the revenues they just reported, maybe its a very, very slight miss, but i dont think its relevant. I would like to see more, however, about the eps. All right. We hope to get those soon here for you. David garrity, what are you looking for from google right now . I think, you know, the details that you have as far as revenue numbers are concerned are probably in line, as paul indicated so from that standpoint reassuring. The thing i want through the details is if we can look at what desk search did in the Fourth Quarter. Thats been their highmargin search channels that has been under attack. Need so see some intercations of what the core strength of the business is. Obviously 3 up spells a lot of relief right now. Lets go to gone fortt to see if he has those numbers for us. Analyst had all sorts of Different Things they were factoring in but not factoring in. A mixed bad of numbers. Costs per click were down just 6 . A lot of people were worried it would be down more than that. Actually up 2 from q3. Thats good news. Paid clicks, however, up 24 . A lot of analysts i had seen expected paid clicks to be up above the 30 range so thats not so great. The motorola loss this quarter is 353 million. Remember, it was over 500 million last quarter. Still a significant loss. Not as bad as last quarter, wouldnt expect it to be as bad because q4 is a big hardware quarter. Also will point out cash is above 48 billion and the head count in the google unit is up. In the motorola unit its down by about 1,000 folks so kind of even on the head count. Google a little more than a thus and down in motorola. Even if you count the Home Business about, take out the Home Business, down a lot more. Let me ask our earnings mavens in the booth here. Does that put motor ola back in, apples to apples comparisons with the estimates now, anybody . Too soon to tell. It does not. Still waiting for the bottom line number. Again, the estimate was 10. 42, but its a very messy report because it either does or does not include a division that they sold in the last year, motorola home. David garrity, you heard jon fortt go through a lot of numbers, paid clicks up 24 and below expectations for folks. Another loss for motorola. The thing i got encouraged by was cost per click was up and not down as heavily as it would be. To my reading that maybe shows the desk top service may have held up better than feared. Paul meeks, what do you want to hear from i would like them to be at least in line with the guidance. Looks like the numbers they just developed and all the metrix that john pointed out were as i expected and this is a company that missed on an eps basis a September Quarter by 15 , and then the stock got whacked thereafter. A probably encouraging report followed by probably encouraging guidance. Lost way he says guide as. Still working on the numbers, folks, because its a messing report. Well discuss the markers in a broader sense and then well look at what the numbers actually move. Joe dwreko, standing by still . Yes, yes, yes. What do you think trends. People trying to lean into them a little unsuccessfully and trying to take south korea out of their names and trying to do it in google has met with with nothing on the good side. Clearly the some is performing better. Partially i think a little bit of the squeeze and partially because you cant compare entirely google to apple or google to fook. They are competing with google. Google invests in their people and technology and a lot of the google technology. Spot an analyst at the company as all, with you the end of the day they have a real idea of what things are going. Ibm revenue number, 29. 36 billion so it looks like the revenue is coming in slightly above expectations and now the numbers 539 versus an estimate of 525 so thats looking like a solid beat. Another 3 gain for that stock now, too. A very nice move in the after hours. Bodes very well for Global Growth. Thats what ibm is about, their Services Contract and how much they are able to increasing gdp around the world. I like it a lot and one of the rens i do such. The revenue number. Always buy ems because they buy back shares. Today we see it beaten. Witch seen, 47 of the 74 tops companies that reported had beaten consensus estimates. This only adds to that beat rate. Again, it shows you Corporate America is endeavoring to make profits in a very challenging environment. You heard yesterday the lack of any talk of fiscal restraint. We know regulations, taxes are going up 2013. Kudos to Corporate America for pulling in these numbers in this environment. How about David Garrity . You want to weigh in on these numbers. 4 gain on the stock. On the ibm numbers, fear there would be around the Conference Call four years ago. Their main stram, which they Just Launched to september saw good acceptance in the Fourth Quarter and all the concerns that people had about Corporate Investment and all that because of the fiscal cliff issue, tax reform. Obviously these being put bait by what numbers are being put up in terms offing revenue strength. Ibm a good bellwether versus tech bjorklund and paul, david, thipg thank you. My friend snow greco, when do you think in the market will go higher . Ill just plead the fifth on that. All right. I hear you. Thanks for joining us. Michael, rich, always good to see you. Thanks, guys. To wrap up, ibms solid beat on the bottom line and top line better than expected. Google. Top line. Bottom line, were working on it. Coming up next, back with more clarify on the going poll numbers and boeings problems are not Getting Better. Neither is stock. Phil Phil Mickelson making a big change for himself. Others will follow. Were going to take a look at that coming up. announcer at scottrade, our clients trade and invest exactly how they want. With scottrades online banking, i get one view of my bank and brokerage accounts with one login. To easily move my money when i need to. Plus, when i call my local scottrade office, i can talk to someone who knows how i trade. Because i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Awarded fivestars from smartmoney magazine. For ovnights can feel califolong and lonely. Dren, i miss my sister. I miss my old school. I miss my room. I dont want special treatment. I just wanna feel normal. To help, sleep train is collecting pajamas for foster children, big and small. Bring your gift to any sleep train, and help make a Foster Childs night a little cozier. Not everyone can be a foster parent, but anyone can help a foster child. All right. After the hours earnings, ibm solid beat. Stock higher by a little more than 3 . Google, still going through the numbers. We think the revenue number was slightly light. Market likes what it hears here. The stock is up 4 . The market is voting. Again, and i suspect they are waiting for guidance now as well. Right . Yeah. Thats what we heard from those two analysts a moment ago. They want to hear whats coming. Some of the potential headwinds, a lot of competition in their core areas of search. How the android is doing, so, you know, well wait to see what googles guidance is for the future as well. Right now both stocks trading smartly higher. Boeing shares though, losing altitude. Bernstein Research Estimates the grounding of the 787 dreamliners could cost boeing up to 350 million but also adds this a quick fix could cut that estimate down. Phil lebeau, a quick fix is looking for dicy at this point, isnt it . Yeah, bill, still got more questions than answers at this point and today the ntsb fang out around the country and the globe trying to get more answers. In tucson, arizona, ntsb along with members of boeing were down at a Company Called secure a plane. Owned by its corporate plane out of london. They make chaernlgs for the lithium batteries down there doing some tests. The ntsb with boeing investigators out in everett, washington, where they make the dreamliner. They have hundreds of employees at boeing in everett working on the 878 problem, and they are in teams trying to do what you would want to do here, do a test. Try to figure out if theres some common theme here. And finally in japan, japanese investigators, along with investigators from the ntsb, they are looking at the battery from the ana dreamliner, the ntsb said that battery was ore charged, different than what was said about boston taking a look at boeing since the incident on boston on january 7th. Still more questions than dreamliners. You know the ceo of the company has to be saying whats next . So tough. The badly named dreamliner has been a nightmare for him and his company over the years. Phil, stay with us now. Let get more now on the boeing fallout. A maintaining of the outperform radar saying all of this will be a blip. The supply Chain Companies that they deal with, a bullish outlook. Why are you still bullish when we dont know how long this plane is going to be out of commish . Dont know exactly, but we do know both batteries, both had a short circuit problem so i think theres a reasonable chance it was a manufacturing defect or procedures defect in terms of the way they charged the battery. So you maintain your stance on the stock is based on your assumption it a this will get solved sooner rather than later. I dont know what sooner means, a couple of weeks, but i think do i believe that the boeing company is capable of finding out what happened and fix it, i think they can do it. The dc10 had three crashes. At the time people were worried about the design flaws. All of them turned out to be in some way maintenance defects, so i think theres a reasonable chance at the way they are using this and people dont understand all the implications and you can make some changes there and correct can. Michael lewis, why do you think it will have a Material Impact on earnings. Theres three major issues at home. The first with the battery, was there a nermal runaway incident and, second, whats the reap cautions to the supply chain if the groundings occur over a longer period, and, third, whats the implications for financials for boeing and these are all implications like, nearterm events, and we dont expect well see this over a longterm period so there are investors in this stock three to five years. This is going to be a blip on the screen and longer term i think everything will turn out okay. I dont understand when you talk about the impact on the supply chain because youre worried that some of those suppliers may go. I dont understand . What we mean here is this. Lets say that the production goes into a standstill if the grounding takes a longer period of time to be remedied. Thats the issue. And if the supply chain needs to come to a stop, its harder for the supply chain to come back onlinehan it is to make it stop abruptly. Thats the issue. Why in the world wouldnt have have a Material Impact on earnings though. It would, but not in the near term. Were talking about repercuss n repercussions that will happen over three or four quarters. Its a major pr problems, yet another string of problems they have had on this dreamliner. They are worried about the problem rather than lets get this resolved and back in the air. I mean, ultimately, they have been beaten up over the years regarding Public Relations problems with the drain, and i think at this point from talking with people in the company, they are past that. They are now more focused on just lets get this resolved and lets go there. Yeah. Because Public Relations problems come from real problems. Yeah, and then they have to assure the public that this is a safe jet to get on. Bill, at the end of the day, go back through the history of aviation, its very hard to find examples where the public says im not getting on that plane. Now, there are a few examples, valujet is an example, not because of the plane but the Company Running the airline. If they get this resolved, youll look back on this in five years, there will be comments and specifics but you wont see pilot stop flying them. All right. Guys, thank you. Thank you, gentlemen. Thanks, phil. Must be a long day there. See you later. A quick check on how investors are reacting to earnings reports. One more to go as well. Courtney reagan has been working the into of the New York Stock Exchange today. Security . Still trying to get to some of the details from google. Still waiting to hear from the company, but at least as of right now the market is definitely liking what its see when it comes to the google shares bidding them higher in relatively higher hours. Beat on the top and bottom line and guidance pretty strong for google and the langeterm view, on a track towards a longterm road map, operating te ining d. Right now both of these stocks are higher after hours. Okay. And were now were now getting an applestoapples number. What we showed before, the nongap number of 10. 65 which is a sol id beat. Where the expectations actually had come down today. Right. To 10. 42. Beats the number by a wide margin even though we think the revenue number came in slightly light. But i think the reaction that youre seeing in the stock so solidly higher after hours is because sharply higher because, are, this is a company that a quarter ago missed. Theres probably relief in there as well. Well see what the word is from the Conference Call when that gets under way, but at this point the stock is up 3. 7 in the after hours session and we now wait for Texas Instruments to report. House Speaker Boehner set to hold a News Conference in less than an hour. Expected to tee off a vote on the debt ceiling bill. Whats their new plan . Well go live to washington next, and even with the immediate threat of the debt ceiling ahead, anothers contrarian view coming