Eastern time, italian unemployment 37year high and more signs of euro zone reflation. Shopper trak out with the first wide scale read on the Holiday Shopping season and its a mixed picture for november and december, instore foot traffic at the nations retailers fell 14. 6 compared to the year prior but instore sales grew at 2. 7 . Slightly hopper than what shoppertrak had forecast. The main reason for the traffic plunge they say is that. Shoers are making fewer store visits than in the past because most window shopping and browsing is done online ahead of time, so the shoppers that are making the Shopping Trips are going with intended purchases in mind. Black friday was indeed the strongest day for brick and mortar retailers both for sales and traffic. Then there was a large lull until the lastminute panic kicked in. The week ending december 28th accounted for four of the top ten sales and traffic days for the entire Holiday Season. When it comes to categories shoppertrak says electronics and Wireless Stores saw the biggest sales increase year over year up nearly 5 while taking the hardest hit to foot traffic nearly 13 . The apparel and accessories category saw traffic drop 3. 6 and sales growth 3. 5 for the entire season and interesting numbers and behavioral things were seeing here from shoppers, carl. Were getting a clue how the consumers been shopping lately, courtney, thats good enough. It brings us to jcpenney who says this morning it is pleased with its performance for the Holiday Season adding its showing continued progress in its turnaround and reaffirming its Fourth Quarter outlook but the stock is not responding. Its down. When november comps were up ten, jim, they were very specific. Hardly any specifics out this morning. I think thats what bothers people because we were hoping for they say theres a continuation, but why not say listen, our numbers were up x. Theyre not doing that. Go back to the great things that courtney said. Really a seminal note came out by Howard Schultz on monday night saying, look, this is a secular trend. It means its going to happen for a long time. Traffic is no longer going to be up. That was one. The second one was and therefore, because its all online. The subtext is amazon. We hear mall traffic has been down for a long time now. Right. I can remember even in the spring it was a bit of a theme when it came to retail and there was concern about it. I think people felt, wait until the Holiday Season comes and it will reverse and it hasnt. The other thing is gift cards, which is a spike in the way that people give giving and that helps the First Quarter. I think you have to be a little bit more holistic and not to be touchyfeely here, and look online as the way that people shop in this country. And i think well see the numbers allianz Data Services was on mad money was up 6 , 7 . We referred to bill millers comments about jcp saying that if good news started to happen it could be up 50 in his view. He had a good track record last year. Do you like it here . No. I need good news. Bill miller teased it and i think one of the things he had four of the five top s p stocks he owned. But i think that mall traffic not being good makes me want to know about gap. Makes me want to know about victorias secret. How well is it doing . Its a mallbased store, and it also says maybe the amazon estimates are too low. But profitwise it may not matter that much, but maybe revenue . What was the word you used . You always get it wrong. You Start Talking about profit. No, no, no. Its a 20, 25 stores. Twitter, you know, in the year in the year 2025, twitters going to have a good number. 2025, i think i can discount cash flow back from 2025. Earned years, thats nothing. Snap for that stock. It will be incredible. Snapchat. Youll have it all wired into your brain and you will actually be largely robot at that point. Now youre thinking. Thank you. Thank you. All right, lets go from the micro to the macro. Ahead of fridays big employment report adp said the private sector added 238,000 jobs in december, that exceeded Consensus Forecast the morning after wall streets first rally of the new year in which we saw the dow rise almost 106 points and the s p also had a nice day after three Straight Days of the new year down. Were up. That number not bad, 238. Well see what we get, of course, on friday. Right. Ive noticed yesterday that there was a reversion to Growth Stocks which tends to make you think that maybe the tenyear will stay at 3 regardless of how strong. Weve got a little bit of selloff in treasuries this morning, but nothing monumental, even though that numbers strong. Im seeing a lot of companies, a lot of the research is going back toward the just kind of classic growth names. A lot of downgrades of industrials because theyve moved so far. I see kraft going kraft going higher. I do want to ask carl immediately, when i saw kraft going higher, it was the onetwo punch. Velveeta shortage, i dont think theres been a shortage in the history of velveeta. Alleged velveeta shortage and the today show did an outtake whether its true. And Deutsche Bank upgrade kraft and her schiffs as well and take down dean foods which is actually smarting today. Yes. I think this is what people kind of want to be in right now. They want a little safety and the stocks have dropped out. A downgrade of clorox, people just hate clorox. During the run from 70 to 95 ive never seen a group of analysts as negative on color rocks except maybe kimberly. These companies can improve margins. Clorox is an outlier. I think the hershey call, i think the kraft call is about where people want to be positioned for the First Quarter. It is surprising give n the fac that you get adp numbers and mortgage numbers are pretty strong. I missed industrials and lets rotate into the other stuff. Adp, by the way, is the Third Straight month of 200 plus and its the best since november of 2012. So, are you counting on a good friday, a good friday number . Yeah, i think so. Really . I think it will be decent. Weather aside because that had been some of the i think things are better. I think things are better. Rick santelli said things were better in his analysis. Things have certainly been good for quite some time for hershey. Just to point out its been a great stock, i mean theyve been pancing cadbury. All true. But i go back to the calls for consolidation after kraft and kr cadbury got together years ago and they will crowd hershey out on store shelves and make it difficult for them with all their various avenues for distribution. None of it ended up hershey got new management and what did they do, they will move manufacturing to mexico and well no longer be paternalis ic and theyve installed and now suddenly theyve been reignited. Im watching this kraft, its very inexpensive. Yeah. Deutsche bank goes from 90 to 108 on the hershey target. Earnings are in the spotlight this morning. Micron out and Constellation Brands amongst others winning in the premarket. Container store 11 cents beats by three cents. Revenue was a miss. Some weird iporelated compensation expenses. And traffic was down and people expected it to the be up. This will be a constant im afraid. Traffic will be down. This had been a stock that had been incredibly strong after the ipo, a muchloved kind of a whole foods glow. You know, i love the research. Women love the Container Stores kind of thesis. But i do feel that when you have a heightened expectation and you dont get perfect, this is what you get. Yeah. Constellation brands was better than perfect. This decision when budweiser merged, where they were able to get modelo. Yeah. Theyre making fortunes. That was a big day. I remember that day. It was a well, first it went boom when they came out against it doj, then it collapsed and then, of course, they were able to create that deal and ended up being much better. 110 beats. Micron and constellation both show you people will come on and say, oh, these companies didnt beat numbers. You look at micron and constellation on the number beat, its extraordinary. That is a thats up almost ten more than 10 . Thats a 12year high on micron. Gross margins of 16 points that merger, the failed japanese company, really helped them. I was skeptical kind of feeling, do you know what, the stock was at 5 a year and three months ago. But a sprint, micron, that 5 cohort, the five blow which is also a chain that yes, our favorite. Just so wear very clear with this weather pattern, 5 below is not a weatherrelated story. Didnt know that. Im glad you let me know. But the 5 stocks worked out. The fourth consecutive quarter that micron has beat and after the performance of last year people have the sense no way that can be repeated. I felt it how could someone not blink . When you go through the competitor, when you go through the comps what they said over and over, they anticipated the bears. Well be pricing disciplined and other times during the micron of 88 suddenly were factories opening all over and thats why people were negative on seagate and western digital. The factories were not built and supply remains tight. Flash which the other part of microns business not as strong, no one seems to care. We got these names out. Alcoa is not that far away and open the floodgates. Open the floodgates. I go back to the Constellation Brands and i think was it that hard by the way, just for fairness and full discretion and discussion, the place im opening in brooklyn, we served modelo light and modelo dark, that is our tap. It is your tap. I got a good deal. They got a good deal, too, now they are brewing it. Constellation actually owns those breweries. It was a license to print money in the beer business, coors versus kors. If you are not aware jim is opening how do i have you are opening a tequila bar. A small plate mexican restaurant, tapas bar. With good tequila and sangria. I got the mixologist and the sangria and ten specialty drinks and five that are mezcal related. Its not enough to hold down two fulltime jobs and write a book and have a bed and breakfast, an inn. Thats doing well, man. You also need to own a mexican restaurant. And the gold or silver mine on the side. I checked it out. I kicked the tires on the gold mine. 16 homes. It was 12 earlier. My father was very distressed to hear he thought i was overstretched in the home business. And i dont own 16. Oh, its a business . I didnt realize that. When we come back, yahoo ceo ma rrissa meyer holding cou. And katie couric not the only one on stage with her. And carlos gohsn about the car of the future, a selfdriving vehicle. 10 million on the road in the next few years. Hold me skeptical. We will see. One more look at futures here after the rally yesterday. Implied open down 24. Well talk about some of the big analysts moves including the mcdonalds scenario and twitter in just a moment. How is everything . Theres nothing like being your own boss and my customers are really liking your flat rate shipping. Fedex one rate. Really makes my life easier. Maybe a promotion is in order. Good news. I got a new title. And a raise . Management couldnt make that happen. [ male announcer ] introducing fedex one rate. Simple, flat rate shipping with the reliability of fedex. Among the members of the saturday night live crew last night at the Consumer Electronics show in las vegas where yahoo Ceo Marissa Mayer gave her keynote address. She outlined her companys plans for the year including new apps, sites and acquisitions and, of course, she talked about mobile. This fall for the First Time Ever we surpassed more than 400 million monthly mobile users, excludeing tumblr, thats half of the 800 million total monthly users we see on yahoos core sites. Mobile has made our daily lives more consistent, more convenient, and more inspiring in ways we didnt even think possible ten years ago. Its all about marketing at ces and they got their moneys worth today, cover of the money section of usa today as mayer puts on a show, jim. Yeah. Shes heir apparent to the jobs show. People are riveted by what she says. I dont think its that shocking that mobiles that strong. These are all part of the gigantic transmobile, social and cloud that have infected our stock market. And if you have mobile whether it be nokia another back frof the dead stock or when it be google which has been an incredible performer or yahoo and she just acknowledged its very strong. One of my favorites, david, you make fun of me because i have key of the market stocks something i do to torture david. And yelp is a social, mobile juggernaut and today we see a price target raise for yelp, that is my mobile barometer because people works better on mobile than desktop. Do you think the turnaround has taken place at yahoo or as weve said so many times, of course, the moveup in the stock price has largely been due to the increasing value not only of the alibaba take, 24 , and also at stake in yahoo japan that has risen dramatically. Those two accounting many analysts believe for as much as 80 of the current value by any number of different estimates including if you think that alibaba is worth 100 billion on the ipo 135 billion afterwards or even more. I think its largely the sum of the parts. I think the core business of the web has been very difficult on an ad basis, if you have a click business like google you can make a lot of money. But, look, alibaba, you talked yesterday about valuation, david, took my breath away. You talked north of 200 million i threw it out there in some ways in jest but also because its a juggernaut of incredible size and growth. Alibaba is probably going to be this is the facebook of 2014. And yahoo s go a big chunk of it and yeahoo is going home. Cantor suts cuts it to a se. Mcquarry on the 27th of last month went to underperform and we talked about the Morgan Stanley underweight on monday, jim. Here they finally Start Talking about the first lockup expiration which is february 15th saying that there will be supply. I mean, theres no valuation that you can use which is what they are dealing with, cantor. Now, the run that it had, i believe, from 40 to 70, i think that was on the backs of shorts. Its really hard to short a ipo, but people did it and they got caught up and now theres finally actual profit taking. But shorts were the ones that pushed this up in a monumental, end of the year short squeeze that seems to have been alleviated. Thats what youre seeing. Its starting to add up in the wall Street Research on twitter. Three selves from big names essentially. Interesting, the cantor piece is very sophisticated. Major discrepancies between banking analysts and nonbanking ones. Analysts whose banks were involved with the twitter ipo generally says its lower than those not involved. That must be so contrary to what you must be used to, david, during the 90s, the preattorney general of new york the sox or toes whatever we want to call them. Sox is running. Sox is running. At spitzers feet. The sox. But, youre right, that is unexpected. 10 or 15 years ago only be the chorus that said great things about whatever the underwriting had been that their firm was involved with. Its surprising to me, still, that they actually would be more negative. Remember, the tech head, now is cohead of goldman, was very conservative when they bought this banking deal. Thank you. And twitter was in retrospect primesed correctly. That was a great job by goldman. Yep. And i dont think anyone can refute it. Dick costello will be on a panel at ces, and february 5 is the earnings day. The revenues day. We always have to distinguish it, the revenue day for solar city and the revenue day for tesla and amazon. We got two classes of stock. I always have to give him trouble with this, he does not understand theres modern art, okay, and it is valued very differently from the realist, david, because of braque and picasso which was aol and yahoo . I thought they were modern art. They were the beginning. Twitter is a post impressionist. Post impressionists . We dont care about impressionists anymore. Its a great metaphor, because people say my kid do that. I took it in college. Monet. Futures weak here as ten years touched 10 on the back of the strong adp number. [ male announcer ] its simple physics. A body at rest tends to stay at rest. While a body in motion tends to stay in motion. Staying active can actually ease arthritis symptoms. But if you have arthritis, staying active can be difficult. Prescription celebrex can help relieve arthritis pain so your body can stay in motion. Because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. Plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. Celebrex can be taken with or without food. And its not a narcotic. You and your doctor should balance the benefits with the risks. All prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. They all may increase the chance of heart attack or stroke, which can lead to death. This chance increases if you have Heart Disease or risk factors such as high Blood Pressure or when nsaids are taken for long periods. Nsaids, like celebrex, increase the chance of serious skin or allergic reactions or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. Patients also taking aspirin and the elderly are at increased risk for stomach bleeding and ulcers. Dont take celebrex if you have bleeding in the stomach or intestine, or had an asthma attack, hives, other allergies to aspirin, nsaids or sulfonamides. Get help right away if you have swelling of the face or throat, or trouble breathing. Tell your doctor your medical history. And find an Arthritis Treatment for you. Visit celebrex. Com and ask your doctor about celebrex. For a body in motion. Six minutes, hump day, you know i always like to do that one. Yes. Its the mad dash of the day, lets start where are we starting . Wells fargo has a sign of the times upgrade, downgrade. There are big concerns, panera missed the quarter and many say they are back on target and w