Systems, fedex, a couple of railroads, theyre all listing the transports higher. The index poised for a record close. Were watching that one too. And then watch the nasdaq as well. We also have to tell you that the hacker group, the syrian electronic army, is back at it. Breaking news today, it claims to have hacked president obamas twitter and facebook page. You know, when it comes to things like redirecting sites, etc. , its been hacked, but were watching that story as well. This as twitter is about to go public in the next month. Lets get to facebook. Facebook should be losing some friends in the u. S. , spooking investors ahead of its earnings on wednesday. Nicole petallides is watching that at the New York Stock Exchange. Reporter thats right. I have to tell you were watching the facebook shares today, liz, pulling back some after recently hitting levels, new highs, right, that we hadnt seen. Today pulling back 3 . Theres some concern ahead of their report which will be due out on wednesday that they may be losing some domestic users. In the meantime, Credit Suisse actually didnt help this story because they actually put the price target now to 61. So were watching that. When they raise the price target, really they still remain with a neutral rating, so theres certainly not this buy em up or move into 70 routine. Were starting to hear some worry and some concern about what we may or may not hear from facebook. Well know the full story when they actually do report on wednesday. Back to you. Liz a lot of good names reporting. Among them, apple. Apple reports results after the bell along with herbalife, a juicy stock, considering carl icahn was just with Charlie Gasparino. Hes going to come down and talk about that conversation with the billionaire financier, but apple boasting two new iphones instead of one. What should we expect from the tech giant . One bull out there has high hopes for the company. He is gene munster, Piper Jaffray managing director, Senior Research analyst. He always has do word on apple. First off, are you expecting to see a meet, a beat or a diss . Well, for september as you kind of previewed, dont expect much upside to what they already preannounced, essentially. A couple of days left in the september quarter, they updated their guidance, so thats probably not going to be the big topic tonight. I think the key focus is going to be on the december guidance, and were expecting that to be in line for the first time in six quarters. Liz in line, but can you give us the exact numbers just in case people are taking calculations . Yep, thats for the revenue its 37 billion is what it would be. The other key number is the growth margin. Even more important than the eps. And the expectation is that its going to be somewhere just a hair below 37. Now, sounds like splitting hairs there, but at the end of the day, investors are hyperfocused on that growth margin number. So those are the two really key numbers as the overall revenue number on 37 billion and the gross margin at 37 . Liz gene is the word on apple. In fact, that was just a teaser. Were going to ask him in just a few minutes about china. Well see you, stay in that chair. Sounds good. Liz all about the apple 5c, that iphone chatter as to whether theyre scaling back on it, might not be as popular as the 5s. Its not all about apple, of course. The dow and the s p both on track to see record closes. The dow is a bit further away. Were talking about the transports, specifically. Lets get right to the floor show. Traders at the New York Stock Exchange, cme group and the nymex. Ben willis, listen, i guess you could say its the s p and the nasdaq that are the closest to see records. Will they, and then what happens as the fed begins to meet . Well, we will continue to see records, i believe, right into the end of the year. Today, as a matter of fact, is the last day of the quarter, last day of the month, if you will i should say last day of the month for many, many mutual funds that close their trading books on what we call t 3. A little bit of window dressing thats going to help some of those portfolios. Again, we continue to look for those excuses for a selloff. Were not really getting them. Some of the Economic Data we had earlier today from the housing numbers and the fed number didnt really take enough out of the market, and the easiest path in this market is to the upside. Then were going to have to hold our breath, of course, while the earnings have met or exceeded expectations, over 70 of the companies that reported beat expectations. Thats a healthy indicator for the broad market. Exactly. So we look to that can and then, of course, well wait and see what little well get. Theres no News Conference after the fed meeting, but well see if we can divine anything from the tea leaves that the fed has been giving us liz yeah, they only pick and choose certain meetings at which they will give us reporters, us inkstained wretches an opportunity to scream some questions. But let me get john brady into this conversation. Ben just talked about the fact that there really is a no dark cloud above our heads, and yet we start to see as we get closer to the end of the year the fact that this earnings season looks good and there were so many people at the start of this quarter at least the reporting quarter saying its not going to be that good. Now what do we expect for quarter four maybe its the sequester having a longer tail or perhaps the Near Government real shutdown . Well, i think Money Managers continue to have an excuse to put money to work in the equity markets, and theyre most likely going to favor high beta names like apple as theres going to be a performance catchup trade. Vast majority of Money Managers have underperformed the major indices, so in the last two months of the year our sense is there remains a lot of capital on the sidelines, b, whether it be with commodities, equities or housing, dont offer the better longterm value that stocks do and likewise, c, again with the fiscal overhang in washington, d. C. And a fed that appears to have been put on the sidelines given the change in leadership there, theres little reason not to own equities. As youve suggested, its really revenues have grown about 2 quarter over quarter, but its really been a productivity story and a continued liz lets explain that, that squeezing more out of existing employees versus lets sell more widgets and hire more people which leads me to Jeff Grossman at the knew new york stock n. Everywhere in new jersey i was hearing people in other states, too, finally gasoline and were not just talking about the basic, right . Were talking plus, the expensive stuff nobody wants to pay for unless you get engine knock, thats below 4 a gallon. Thats got to be great for the consumer. Well, again, this is, again, an outcry of what we had from the last month or so. Again, the gas prices were under tremendous pressure, and finally youre starting to see it at the pump. Last time i was on your show i said that it seems they may have found their footing, and i think some of that downward momentum has ceased a bit. In fact, today if nothing else the size of the overall say health of the market in general was that the gas and the meeting oil cracks in both cases. Have shown tremendous strength. We may have a leveling off here. Again, im happy for everybody that got that little gift at the gas pump. Again, i was hoping it was going to come in sooner rather than later, and it did, but i think we may have seen the last of it for quite a while though. Liz good to see all of you, thank you very much. And i remind our viewers, we are so close to records on the dow jones transports, the nasdaq and the s p. Could happen this hour with just 52 minutes before the closing bell rings. Can apple continue its run of smash hit gadgets . Admit it, the 5s is a hot, hot product. Gene munster, the superstar analyst you just got a taste of, hes rejoining us in a moment to tell us what gadget he thinks apple is getting ready to roll out. Hes going to describe it. Thats next. Plus, twitter hitting the road as it enters the stretch ahead of its debut on the New York Stock Exchange. Next week. Will it pull off a successful launch . That is coming up. Stay tuned. When we made our commitment to the gulf, bp had two big goals help the gulf recover and learn from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Ido more with less with buss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. Liz lets get to our power mover of the hour. Look at den drink and shares. The biotech drug maker jumping 12 plus percent after reports that the company is looking for a buyer following weak reports for its leading Prostate Cancer drug therapy provenge. These stocks tend to be awfully volatile, so always be careful with some of the smaller biotech companies. We usually like to remind people of that. So im looking at the clock. In just over an hour, apple reports Fourth Quarter results. One apple bull says thats old news already. All that stuff that youre looking at at the apple store, old news. Hes spinning it forward to next year. Hes got the crystal ball. He says that investors should watch out for some blockbuster apple newbies that he believes will skyrocket the stock even higher. Gene munster back with us to break down the future. You talk about what people should look for, looking for margins and whether we might see some bigger news when it comes to, you know, outlook for the december quarter, gene, but lets get to the new products. What is it that youre expecting that you think will be the hot thing . Its kind of ironic, six weeks after they come out with two new phones [laughter] were already talking about whats next and whats going to happen in 2014, but thats the reality of how to invest in these, look beyond the december quarter and see whats coming. We see three things coming in 2014. The first ones likely going to be a larger screen iphone, something thats probably going to be about 30 bigger. Obviously, the Smartphone Market is already there. Apple tends to lag when they do these things, and so thats kind of the first piece. And then the second is the tv which weve talked a lot about for a hong time, and we think for a long time, and we think that is going to be in 2014, and a third is the watch. So there are new things coming in 2014, and apple for a company that almost never talks about products has the last couple Conference Calls mentioned that they expect to have new product categories, plural, in 2014, and that would be the tv and the watch. Liz okay. So youre saying 2014 is the tv. I have people in 2012, 2011 saying here comes apple tv. We saw a little taste of it and then nothing. I think these guys, i think intel, theyre realizing it is so much harder to harness television and more importantly get the content on it than they originally thought. Why are you confident that next year will be the year . Well, because they had that comment. Tim cook a couple quarters ago and last quarter reiterated theyre going to have new product categories in 2014, and so thats part of it. And separately is we talk to component suppliers, some of them are working on the actual television, theyve showed apple the panel, and so, you know, the fact that apples looking at it and tear working on it, that theyre working on it, that doesnt necessarily narrow the exact timing. We know its a work in progress, but the combination of those come appropriateside conversations componentside conversations make us believe that it finally will be next year. Liz see, gene is the kind of analyst, you guys, that does what you probably cant do. Youre not going to asia to check on supply chains. He has people who do that. I assume youre doing it too. Lets talk about the supply chain chatter going back to the iphone 5c with the colors. We can show the phone, but the fact is that the sales have been a little less exciting than apple probably would have hoped. Of course, that may be the void might be filled by the iphone 5s and its gold with the retina and the finger thing. But whats going on with the 5c . Is apple dialing back on production of the color phone . They probably are. And part of the reason is it is a lot of noise in the channel. Weve, going way back to the ipod days, weve seen different fluctuations in the supply chain that doesnt necessarily line up to what they report. So i think thats one thing to keep in mind. That said, it does look like they are pulling back some of the production. Part of it is because the iphone c, in reality, is essentially the iphone 5. Its the middle part of their product. And so when you look at some of these production cuts that are out there, assuming that theyre true, it really the read through on that is that it imflies that the implies that the run rate is similar to what the middle part of their phone would be. In other words, its not that alarming. The key really is the 5s, and that seems to be doing well. Liz okay, iphone 6, spin it forward. What do you think its going to look like . Well, our best guess, we know its going to be a larger screen. Apples hinted to that in past Conference Calls that they see an opportunity on bigger screens. If you look at the tipple ca difference between typical difference between the bigger screens out there, it looks like about 30 bigger. So think of it as Something Like a moto x type of a screen size or a galaxy s4, Something Like that. Obviously, apples late to the game in that, but users tend to be a little bit more patient with apple products. So that as probably going to be the real thats probably going to be the real takeaway is the bigger screen with the iphone 6. Liz okay. Gene, thank you for coming on the show. Thank you. Liz remember, gene says watch out for december guidance of 37 billion in revenue. So watch for that number. Were going to have those numbers the second they come out in the next hour. Gene, of course, is with Piper Jaffray, been in the business forever and really so smart about this stock. Closing bell ringing in 41 minutes. Is jcpenney really on the right track . Really . Shares are shooting up as the ceo gives new hope to investors. Is it real hope . Or is it just a cloud . Full of nothing . Thats next. Plus, Charlie Gasparino just wrapped up quite the feisty interview with carl icahn on apple and herbalife, two companies mr. Icahn heavily invested in. What did the billionaire investor have to say that gives you a window into what hes going to do next . Charlie got it out of him unlike other business reporters. If youve got copd like me, hey breathings hard. Know the feeling . Copd includes emphysema and chronic bronchitis. Spiriva is a oncedaily inhaled copd maintenance treatment that helps open my obstructed airways for a full 24 hours. Spiriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder does not replace fastacting inhalers for sudden symptoms. Tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. Liz did you hear charlie . I tweeted this out, i called ceos, they were all geeked up to watch fox business and charlie critiquing carl icahn because over the whole week last week charlies been here saying that icahns media habits are really being manipulative, right . So in an effort to be fair and balanced, we ip cited carl invited carl to defend himself, and, charlie, he faced the music. You know, he called me. We called him last week, would you like to come on. He called me personally today, and we had an interesting conversation, you know . Charlie, i think youre being somewhat unfair to me. [laughter] and, you know liz can i just say you can do that because you came from queens too . No, i was born in the bronx. But, you know, heres the thing liz oh, its my dad spoke like carl icahn. And, you know, i have to admit you cannot not like him. Hes an honest guy. He comes, you know, ready to play. But what i did was i put the question to him because heres the thing. I do theres certain things i dont like about what hes doing, and, you know, one of the great things when he called me up he goes, listen, charlie, i respect you for your beliefs. I called him a greenmailer, he gave me this whole story about what greenmailing really is and what happened during the 80s where he got that reputation. But he was, you know, pretty animated as to hes got a side of the story. Carl, just come on and talk about liz about how hes been pushing apple, lets get people back up to speed. Yes. How hes going about waging a media campaign. I basically asked him, is this manipulate . Particularly the stuff youre doing with cnbc and bloomberg. From what we understand, cnbc broke which i dont think is the greatest story in the world that on his web site that he was now calling for 150 billion buyback. They were the first to report that, that he put that on the web site liz on twitter. Yeah, wherever he did it. Hes got a web site. Anyway but we do know that he does tweet. We do know that hes been talking about a massive buyback beyond what theyre doing already. So he does that. Ron [inaudible] is on cnbc and criticizes him saying, you know, tim cook knows how to run the Company Better than him, actually does call him a greenmailer. And from what we understand, he abruptly canceled an onair interview with cnbc and went to bloomberg. Why do we care about . Part of what carls doing with social media and everything, this is