versus brady. lots of fans. lots of excitement. the big question ahead in the program, will las vegas lose if the giants win? i'm simon hobbs with tyler mathisen and sue herera. the super friday edition of "power lunch" begins right now. the jobs number points to growth, the sharp jump in ism services sector report confirms growth. and the bulls certainly like what they see. the dow up 1.2%. the s&p tracking higher. don't forget here we've broken 1332, the index has now doubled from the 666 market low at the height of the crisis. and over here the nasdaq is having a very good 2012. thank you very much. taking the pulse of the markets. backing off after the jobs report. flat on the session overall. bonds have been fascinating with the selloff. a big jump in yield on the 10-year. and check out where we are on the vix. just above 17. the fear factor fading. our midday movers this friday afternoon, genworth way up. a gain there of 13.5%. profits gilead sciences missed expectations but upbeat results of hep c drug lifting outlook. and urban outfitters up 6% on an upgrade. they also named incidentally a new ceo. bucking the trend as we head into the weekend, the super bowl weekend, earnings at edward life sciences beat estimates, but the guidance there is disappointing. estee lauder meanwhile also matching estimates, but guidance short of expectations. and wynn resorts, profits up 67%, but investors worried about the feud between ex-ceo steve wynn and a prominent shareholder. down to the nyse and latest from bob pisani. >> thank you, simon. five to one advancing to decl e declinideclin declining stocks. and are you ready for this? strong volume. we could do 4.5 billion shares on the consolidated, maybe even a little more. haven't done that in quite a while. volume, would you believe it? take a look at new highs of the major indices. dow industrials, all we have to do is close above 12,810 to hit a new three-year high. three and a half year high as well that's historic high for the s&p retail index. it's a basket of all of the retail stocks that are out there. and home builders index, believe it or not, is sitting right near a 52-week high as well. financials are the leadership group even though many sectors are above 1%. particular strength in the big cap financial names. there's your usual suspects. all up 3% to 4%. finally, we had a great week for ipos this week. no, not facebook. i mean regular old ipos that came in down here on the nasdaq. we're going to have 10 ipos next week rolling on including a very familiar name, here's one i bet you haven't seen in a long time. caesars entertainment. 8 million shares will about $16 million, $18 million dollars. obviously modest but at least they get their foot back in the door. we'll follow that and others ones. follow me on twitter. >> thank you, bob. let's switch on the "power lunch" power surge and drill down on the stories driving the day. it's all about the latest jobs report and what it says about the economy, the politics of it and how you can cash in on an economic rebound. start with the report jobs being created at the fastest pace in nine months and unemployment rate dropping close to a three-year low. steve liesman is here to go inside those numbers that perhaps you may have overlooked. hi, steve. >> sue, i'll recap. 243 is the overall number, 243,000 and then 257,000 in the private sector. unemployment rate dropping to 8.3%. let's go a little inside the numbers and take a look. there's two jobs numbers out there, remember. the household number and the payroll number. normally these come together. economists don't tend to take a lot of focus on the household number. but i want to focus on it for a second. here's your payroll number and this is around 240. but look at this huge spike here, something like 870,000 on the household number. wouldn't be paying that attention if this hadn't been working higher for a very long time now. here's what's been happening over the past several months. over a one-month period 604,000 over. three months 700 and six months 1.1 million. so that's starting to get a little bit of focus here about whether the household survey may be capturing more of the job growth. big question about the lower participation rate, it fell by three ticks. let's talk about that here. overall 64% is the participation rate. for those in prime working ages, 82%, it's been coming down for a long time. and then 55 and older, 51%. but what's been happening, the ageing of the population is a big part of that. if you look at those 55 and older, you know, five years ago or so they were in this group. now they've moved over to this group. so you have this big chunk of people that have lower participation rate. that's part of it. you also have younger people maybe discouraged from the work force going back into school. and other people just dropping out. so three factors do it. but the labor department saying today a big part of the drop in the participation rate is the increase in the elderly population. now, one other thing i want to show you guys. we've had a pretty good rise in hours worked. this has gone from around 33.8 up to 34.6, 34.5. every point one of an hour worked is worth 300,000 jobs. so that would maybe mean you have 2.4 million other sort of working jobs out there. however, it's come with relatively muted wages. this is the sort of more normal kind of wage growth you would expect year on year over here around 3.2%, 3.3%. fell sharply during the recession and now we're chugging along. better hours, more hours worked, more jobs, but the wage growth is not there yet. >> also, steve, if i can go back to the participation. >> right. >> and the way you talked about those 55 and older moving to the other category, that begs the question as to whether or not the progress we've seen in this report is actually sustainable. >> well, here's the story. the participation rate, sue, has been falling for about 12 years. it never came back from the decline that happened after the 2000-2001 recession. that's a long-term trend that has to do with the ageing of the population. it creates huge problems for our ability for our deficit, our productivity in this country and what potential growth is. but as a reason for saying this is a reason not to be optimistic about this jobs report, that's not right. what it is we have to deal with we're losing productive workers in the 55 and older. by the way, sue, they are working in greater proportions from what the other 55-year-olds did. but still moving into a much lower participation rate category. >> very interesting. thanks, steve. appreciate it. >> sure. >> oh, yes, we are. >> i was just going to say. >> i want to thank you, steve, for reminding me i have now moved to that other category. >> you're in a category all by yourself, ty. >> yes, i am. >> i'm described by elderly during the course of that as well. >> now to the politics of jobs, president obama speaking today using the jobs report to push forward his plan to extend payroll tax cuts and unemployment benefits. our chief washington correspondent, john harwood, with the report. john, this can be read in no other way, this jobs report, but favorably to the president. >> reporter: absolutely, ty. it's a political jolt as well as a jobs jolt. and the reason for that is when you're an incumbent president running for re-election and the economy appears to be getting better, much less getting better at an accelerating pace, it makes everything that you say sound truer and better and makes more sense to swing voters than everything your critics say a tougher sell for them to make. privately, the president's policy and political advisors are giddy over this although the president himself this morning adopted a somewhat more cautious note. here's the president. >> these numbers will go up and down in the coming months. and there's still far too many americans who need a job or need a job that pays better than the one they have now. but the economy is growing stronger. the recovery is speeding up. and we've got to do everything in our power to keep it going. >> reporter: and, simon, you saw the impact of these numbers on the republican response. speaker boehner said the president's policies have not worked as advertised. that's a lot different from saying they haven't worked, which is what republicans have been saying in the months -- in the last couple of years, simon. >> john, for the moment, thank you very much. john harwood there in washington. experience has taught many of us to focus first and foremost on what the bond market is telling us to describe the future. rick santelli joins us now from the cme. it's a big move, rick. >> oh, it is. it's a big move no doubt. if you look at an intraday ten and a one week of tens, you'll see we're up about a dozen basis points, but on the week up only about five. look at the 30-year we're up about 15 basis points, about up seven on the week. the reason i bring up on the week is because if you look at the surface unemployment, you dig into some of the other numbers, the service sector was a very good number today. one would be maybe a little surprised there's not more, but of course europe might be playing into that. look at the euro versus the dollar on an intraday. it's about unchanged. but on the week we had last week a rare close above 132. in terms of steve's point, you know, from my perspective, i don't care if it's a short-term, long-term, it needs to be addre addressed. doesn't matter who started it or how the trend is, it needs to be addressed. and he's right about the 55 participation rate, but what he isn't mentioning is it's still the highest in 50 years for those 55 and older. back to you. >> indeed, thank you very much, rick. financials under fire. the nation's biggest banks getting slapped with a new lawsuit over their foreclosure practices. our hampton pearson is in washington with the details and the fallout of it. hi, hampton. >> reporter: hello, sue. this time it's the new york state attorney general suing bank of america, jpmorgan chase and wells fargo alleging fraud when it comes to use of the national electronic system. it was created by the banks as a private registry to make it frankly easier to track all that paperwork. now, from the lawsuit we're told there's something like 70 million mortgages that have been registered, 30 million are active. mers continues to be active in 60% of the origination of all mortgage loans in the u.s. the lawsuit says employees and agents of the bank of america, jpmorgan and wells fargo used the registry as "an end run around the property recording system so they could securetize those loans" mers has been under fire for about two years, however it's a small portion of the foreclosure nightmare of course facing the banks. as we all know a universal settlement involving all 50 states attorney general have been illusive to say the least. as bob pisani reported, stocks have been on a good run following the jobs report. >> thank you very much, hampton. up next, jobs and your money. as you know that monster employment number out today. what are the best ways to play this economy? it seems to be gathering a little steam. do you bet on america, or is america played out? do you go overseas? two strategists at cred swees will tell you. copper up 3% on the thought that the economic expansion in the u.s. and globally is still in tact. we're back in a moment. wheeeeeeeeeeee! whee whee wheeeeeeeeeeee-he-he-heeeeee! whee whee wheeeeeeeeeeee! pure adrenaline. whee whee wheeeeeeeeeeee! everything you love about geico, now mobile. download the new geico app today. whee wheeeeeeeeeeee-he-he-heeeeee! today's strong jobs numbers have the markets rallying. let's look at the nasdaq. sitting at an 11-year high. so which are the big tech winners right now? our tech reporter, jon fortt, is in the house as he has been most of the week at the realtime exchange. jon. >> yeah, it's been a fun week here with you guys. look at the nasdaq at some particularly well tech. start with semiconductors. a brutal 2011 but bounced back nicely this year. intel, up 23%. that's done well. even as the pc market has not because they are just proportments amazing. qualcomm riding the smartphone wave. let's move onto software. the big name in software of course is microsoft. anticipation of windows 8 driving that stock. besides they're not doing too shabby in smartphones at least showing they have a fighting chance into it. tax season coming up. that often does well. and the leadup to that. and then ca when it comes to big data centers. moving onto big iron, what's the name? cisco. six months ago they were really, really hurting. but they've bounced back as they've grabbed market share back and people realize it's not just a cisco issue in networking, there were some overall issues. f-5 has continued to do well and akamai delivering all that content from various providers trying to stream it. finally, old school is not so uncool anymore. remember seagate, the hard drivemaker? they've dodged the bullet on thailand. continue to get those out there at a good margin. dell performing well these days. and yahoo! with the new ceo and potential of selling those asian assets, not the dog it once was stockwise. sue. >> jon, thanks a million. all right. stocks soaring on the latest jobs report. the dow crossing the closing high of 12,810 reached on april 29th. and it's just points away from the intraday high. so, how should investors play this market right now? let's bring in our power player, barbara. >> nice to see you. >> do you think this rally is durable? do you think it will continue or is it going to be one of these cases where we see the lion's share of the gains in the first or second quarter of the year? >> we spent the better part of last year calling for a call for double dip recession in the u.s. we think the rally we've seen so far has been on somewhat of low volumes. we still think it probably has a little more to go. there's been a meaningful change in the macro economic data. we think the ltro from europe is a nice change with the margin. and we think that things can actually probably go higher from here. so on a 6 to 12-month view we have modestly to equities. >> what does a bit higher mean? >> we've already had a pretty good run so far this year. so what we're doing is playing the more cyclical parts of the market through emerging market equity exposure. >> emerging market? >> yes. they were big laggards last year. when the s&p 500 was up 2, that's a real anomaly for us. we're looking to play catchup through the emerging markets. >> what parts? which emerging markets do you favor? >> asia is top on our score list. we think in terms of valuation, china and korea score particularly well. >> do you think this is a trap? do you think the market moves are trap? we now have the gains that most analysts a month or so ago would suggest we would get for the entire year. unless the data today is great. if you look at the gdp number we had for the fourth quarter it was all about inventories and the commentary then it's not solid, that inventory will dissipate and growth will slow. are we throwing that out the window now? >> we're not necessarily throwing it out the window. investor sentiment was very oversold in the middle of last year and also towards the end of the year as well. so investor sentiment were not back in what we call euphoria levels. >> barbara, if you play emerging markets and you favor china, do you do it through funds? because for the individual investor, china's not as easy to play as perhaps korea is. how would you do it? >> well, we have a couple different strategies we like to implement for emerging market exposure. active management in that space can be a big differentiator because you can make decisions amongst regions, countries and currencies. >> uh-huh. >> europe can also buy it through some closed unfunds and exchange traded funds as well. >> i take your emphasis on emerging markets and the artful way you answered my question about how much is a bit higher that you're rather cautious about u.s. equities broadly speaking, the s&p for the remainder of this year. >> well, our global analyst have a price target on the s&p 500 of 1400 for the end of this year. not too much more upside from there. >> we're at 1343, so that's 60 points. that's not a lot of points. >> exactly. a couple more percentage points to go. the way we're playing the u.s. market is defensive sector allocation. we like the play for yield. so we're looking for consumer staples and health care stocks to actually be somewhat more defensive for us. also, you know, we like the emerging markets because they're cheaper than the u.s. at this point. not that the u.s. is terribly expensive, but some of the valuation gap has indeed been closing on the u.s. side. >> all right. barbara, thanks a million. last time we saw you you were about to have a baby. congratulations. >> thank you. >> beautiful baby boy. nice to see you again. >> you as well. >> up next on the program, three words we love. buy, sell or hold. a very special edition today. we'll drill down on some of the stocks the biggest winners since the highs of last spring. >> lots of green on the board. look at the market indices we follow here including the russell 2000, which is up better than 2%. and the transports are up about 1.25%. we're back in just a moment. uh oh. should we be letting him p-l-a-y with our t-a-b-l-e-t? 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[ male announcer ] and there you go, business pro. there you go. go national. go like a pro. let's look at some dow milestones here. where we sit right now at 12,855.53, we're 45 points above from the closing high last spring on the dow, but still 20 points below the intraday high on the dow in 2011. simon. >> let's go into our buy, sell or hold section this week. we're taking a look at some of the best and worst performing stocks in the market since the highs of may 2011. is it too late to get into them? we have our "fast money" contributor steven weiss here. >> thank you, simon. >> start off with macy's. a gain of almost 49% since may. buy, sell or hold? >> i think you buy it. here's why. the ceo is unsung because you hear about ron johnson, apple, terry is probably the best ceo in retail. so i would continue to buy. not an expensive stock. they have a space themselves like k-mart in a very crowded space. >> what about o rilely automotive up almost 40% since may. >> this is not a cheap stock. so what you're hoping for is that the csk automotive stores that brought in that as they integrate them in the system provides more upside. i think you have another 10% upside