On the top line with revenues, beat on revenues but missed on the bottom line by as single penny. This brings the focus to the entire Dow Jones Industrial average which appears to be the lone standout at this hour when it comes to the major indices. That is largely on the backs of some plastic many of us carry in our wallets and that is American Express. And max next to intel reporting earnings after the bill came out with numbers the market loved if you were watching fox business, you knew it was a big beat. Shares of American Express jumped in 4. 5 and that is spilling over to one of its rivals. This is really a company that gets a fee no matter what anybody is charging. Visa is moving higher by 41 3 . Morgan stanley was the last of the big banks to report earnings overall while profit fell by 70 . Excluding 1. 2 billion legal legs sense, the bank earned 0. 50 a share exceeding wall street estimates of 0. 45 a share. Morgan stanley over the past year has been the best performer up 51 today, hitting the new four year high, 33. 52, later in the day. Right now gaining 1. 25 or nearly 4 . Data we got today construction of new home sales fell 9. 8 in december to seasonally adjusted rate of 999,000 homes. Couldnt quite make it that million but this after a surge from the previous number, november 1. 1 million homes. Economists expected that the cold weather would take a toll on new construction and it did. Important to point out new Home Construction for all of 2013 was the highest since 2007. Not bad at all and there we go, Home Builders moving slightly lower on this number because month over month sequentially didnt do much here but we do have everybody moving lower to 53 4 or less. To the Home Builders having a rough day but to Technology Giants doing the opposite, basking in the green. To the breaking news what are you hearing on intel . They are going to reduce the work force by 5 . Nicole you talk about that going in as we started the show that was breaking news, intel has been a name everyone is watching, come out with numbers the dow 3. 6 , 2558. I want to get to some other tech names we were going to take a look at, twitter and Electronic Arts, twitter had some positive comments. Now there is talk that they are working with striped. Strike is a payment processor, you can go on and you can buy things and do transactions that they may be working with them. Right now 238, Steve Temecula 70 target, a buy rating. It is has been a good day for twitter, 64 a share. We havent seen that in some time. Basically since jan. Seventh. It got a nice pop over the last couple days and Electronic Arts a couple analysts aabuy rating and positively about potential for electronic parts as well and this stock up 12 . What a different story because game stop which is a Great Company that did well in the council but not so much on the game and yet Electronic Arts snoring right now. Liz the annual low, the 52 week low for Electronic Arts was a paltry 13, 14, 10 higher than that having a great day, game stop pulling back a little more, tough week for game stop. Thank you very much. We are keeping our eye on intel became of the low of the session down 4 , now down at the moment by 3. 5 . With the latest earnings reports overshadowing markets lets get to the floor show and we have traded at the new york stock exchange, cme group and the nynex. At my characterizing properly our earnings overshadowing . It looks like the markets are not so sure what to do. The dow, nasdaq and s p down. You said this in your lead in, the way American Express is driving the dow, yet the s p 500 is moving in the opposite direction, earnings we are dealing with, i said this before it is encouraging that investors are getting back to analyzing and evaluating markets based on fundamentals as opposed to watching what the fed doesnt expect choppiness around this Earnings Period as we digest each of the earnings and through the financial this weekend the industrials next week and see what their numbers are and the next big salvo will come mid february when we look at the retailers, what they did in the Fourth Quarter in 2014. Everybody should expect we are going to be on a roller coaster here as we digest these earnings. They will overshadow everything we do in the markets. Cheryl new highs on the screen, alcoa and morgan temecula packard, a nice little mosaic of names which brings me we do have some choppiness. An understatement when we stretch it out to 12 trading sessions. I look at that and say this is what we get after having a moonshot last year for the markets. We have and you will see some trepidation about continued to buy these stocks but the important thing to look at, the previous guest theed out the earnings, how is this affecting the economy . Is the economy doing better . That is the big story. Economy will tell us how the stocks will do. Liz i want your assessment. Is it doing better . My assessment is it is doing better and getting not just marginally better in my view but considerably better. The first start and it is early on someone to see what happens over a couple months adding to will continue. Liz we have all been through the green shoots a couple years ago. That retrenched. I agree with you i think we are seeing a moment by moment looks like we better, as we look at what is going on in the Energy Complex, that is something that has been interesting because it helped people, gasoline has stayed below 4 a gallon and that continues for the moment. Yes. We are in and oversupplied market in the Energy Complex but the winner just a little while ago, we see Colder Weather coming, has given support to the energy market. Right now i feel if we dont get above 95 can in crude oil, we are going to see 91. 5 to 81 in crude oil and once the winter is over we will see 86 in crude oil and the reason i say that is because we are producing more crude oil year and also having other producers coming back online around the world so we are going to have a large supply of crude oil and as long as we dont have any major Geopolitical Impact to hurt that we should see crude oil going lower for the rest of the year after the winter is over. Tracy 94 not the worst number we have seen over the past couple years. Have a good weekend. Once again the breaking news at the top of the show was intel, dow component and the Worlds LargestSemiconductor Company shedding 5 of its work force yesterday. If it missed by a penny, stacey smith was talking very positive game here. However, markets like when Companies Cut jobs and sure enough you see the stock is up out of the lows of the session down 3. 5 and once again in 2012 they had 109,000 employees. We will get a better updated numbers in a moment. Closing bell ringing in 52 minutes. Dear john. You know these letters. Dear john. I just cannot hear you any more. That is what t mobile is having their customers tell their existing carriers to say before switching to t mobile. Just look at these images. People are sending letters of how they are riding dear john letter to verizon and at t saying i am breaking up with you and going with t mobile. What a business, including little kids. T mobile a ton of attention. We are going to debate whether t mobile will be swallowed by sprint, Academy Award season upon us, nominees have six weeks to watch the films of a golden statue, return to theaters for some films. We will tell you you can see in the theaters and who is cashing in. [ male announcer ] youre watching one of f the biggest Financial Services cpanies in the country at work. Hey. Thanks for coming over. Hey. [ le annouer ] how did it come to be . Yours . Ah. Not anymore. Its a very short story. Come on in. [ male announcer ] by meeting you more than halfway. Its how edward jones masense of investing. Open to innovation. Open to ambition. Open to boldids. Thats why n york has a new plan dozens of tax free zones all across the state. Move here, expand here, or start a new business here and pay no taxes for ten years. Were new york. If theres something that creates more jobs, and ows more businesses. Were open to it. Start a taxfree business at startupny. Com. Where does the United States get most of its energy . Is it africa . The middle east . Canada . Or the u. S. . The answer is. The u. S. Most of Americas Energy comes from right here at home. Take the energy quiz. Energy lives here. [do more than ever before wit allnew intuitit. Ickbooks. Take the energy quiz. Make any place your place of business with it. Get paid fter with it. Run payroll with it. Sy this stuff with that stuff with it. Make more time for what you lov. Turn on only what you need wh it. Sample from our smorgasbord of apps with it. Take in the big picture with it. See your finances in a whole n way with it. This is your business on the allnew quickbooks. Run with it. Liz top10 lists help you invest for the coming year, 33 years of money managing experience and 118 billion in assets under management, my next guest has some big time predictions that you need to hear. He has an s p target of 190050 for 2014, 1950, we are at 1838 right now, he has an unstoppable forecast for what is to come. Joining us, bob doll, chief equity strategist, senior portfolio manager, allaround good guy. Great to have you on and we love the top10 predictions especially when you give them to us with a hole stretch out picture of what is going on. Let me quickly begin by asking what you expect gdp for the full year to be and we can move on to particular stock pictures . The number is 3 from where i sit. Still not a big number. We havent been there for eight years so it will feel like a big number. If that comes true. We have been stuck at two for the last three years. Doesnt sound like a big difference but for revenue generation, profit margin, maintenance, three is a good number. Liz which leads me to stocks. Accompanies will do better, people feel better about themselves and stocks will puff up once again because we have come off of an incredible year, s p 500 up 30 . The theme that encapsulates all this is less ear and more confidence. I think the Great Recession and the aftermath of that is fading in our memories slowly and as a result we will do a little bit better, not setting any records. Economy will be better. The stock market discounted a plot of that last year as you correctly point out. I think the market is up but it will be more normal. Last year was abnormal for two reasons. One, the magnitude of gain and 2, the fact that it was easy. Went straight up. There were no deaths of significance. That is not normal. My guess is we will have a more normal year, decent returns but bumpy. Tracy right there, this way, to my right, the u. S. Dollar appreciates. Let me tackles that one. I heard opinions on both sides of this, what will get the green back stronger, when we are looking healthier too. They are looking healthier, other developed markets. The longterm story for me in the u. S. Is energy and manufacturing. A few years ago we began to produce more and import less. We are heading for north American Energy independence, a huge plus for many of our adult lives. The manufacturing story is related. The wage rate differentials that cause us to lose so many jobs have narrowed and we have cheap natural gas, 5 rounded in this country, most of europe and asia, 15, a big advantage for the u. S. Liz we have put some of these on, munibonds led by highyield outperform taxable bond counterparts, gold falling for the second year, Commodity Prices not going to do much, dividends, stock buybacks, all increase at doubledigit rates. Now to your stock picks we have lined up, we will put this on the facebook. Com liz claman page, top10 predictions people to work through. That brings us to your stock picks and you begin with the aerospace and defense sector. Why . We like cyclicals more than defensives. In a cyclical space we like the industrials and among the industrials we Like Aerospace defense. We believe the Airline Industry is in better shape than it has been in some time. Cant go and too many these days that are almost if not full, we have the need to replace a bunch of airlines and that is commercial aerospace, mainly boeing. Aerospace defense, the defense part of it has been overdone to the negative side, stocks do well in 2014, we think the Free Cash Flow enables them to do better. Liz we have hot charts in the health care space, medtronic, United Healthcare group, you like pfizer among those names, you feel that the Affordable Care act is something that will spur these . Our view is of the ten sectors in the market healthcare is the only one that is a net beneficiary of the Affordable Health care act. Aside from that it is my favorite defensive sector. We like the Free Cash Flow characteristics. Some of these companies have improving top lines and new products and the collection we put there is one from three categories, pharma, service and devices. Liz we will put your Technology Picks on the web site as well. Great to have you. Thanks for your top10 list. Predictions, folks the facebook. Com liz claman page because you need to study the top ten predictions, he has a great track record. Bob is sharing that for free. We like free. Closing bell ringing in 40 minutes. Sprint may be closing in on a t mobile for us telecom made them merger but it is possible another bidder could swim in and snatched t mobile right out from under sprints nose. Charlie gasparino has exclusive new reporting, he is running down here right now, on what could turn into and out right bidding war. We will be checking all the stocks as soon as we do the story and take a lot of notice, already building with the Academy Awards ceremony six weeks away. Hollywood and Hollywood Studios try to cash in. We will tell you how as top contenders tighten their grip on the box office. Take a look at the competition. [ me announcer ] this is the story of the dusty basement at 06 35th street the old dining table at 25th and hoffman. And the little room above the strip mall f roble avenue. This magic momt it is the story of where every great idea begins. And of those o believed they had the power to do more. Delis honored to be part of some of the worldgreat stories. That began much thsame w ours did. In a littttle dorm room 2713. This magic moment liz from the top ceos to the latest pool bear debate countdown to the closing bell has to cover all week but heres what is worth repeating. These things are based on availability of the truck and how people using across all industry that we are seeing strong demand, sales up last year, market share was actually up last year as well and we think that will turn into a gdp expansion in 2014 aboard of 2. 5 . But at the last quarter nothing wrong with the customer track. And give us a billion dollars of revenue that didnt exist. It really sunk. What we are told, a few years to have this model which will cost one third of the model and they sell a lot of cars. We are not making money now but we will make it up this Company Generating a profit in 2013, theyre going to make money in 2014 and print a profit here in the Fourth Quarter of 13 and generating cash and continue to generate cash. This year it will be surprising, anything can happen in the stock market. I think we will be back down to earth this year. Liz we have great guests, many more. We are not done yet on this friday. In the meantime we have to get to a huge possible takeover story. Sprint may be the company in the news for t mobile deal, estranged dying to take over t mobile but so are a lot of other countries. Charlie gasparino with details on what would be more likely suitor for t mobile. The news earlier was sprint consulted with two banks on financing the bid for t mobile. A couple days ago we were reporting t mobile probably in play right now. We were talking about the issue being a likely buyer and heres what i know. When i saw the story appeared in the journal late yesterday and we talked about it a little today i went back to my sources and what bankers are telling me, at that work on these deals, about as far as i am going to go, they are telling me they can continue to talk up dish t mobile deal, they cite the difficulty in integrating t mobiles net works with sprint and also talking about too many regulatory hurdles, sprint, t mobile, will not pass regulatory muster. The other one will likely. Liz at t t mobile did not pass regulatory muster. They dont want to see this consolidation. Same with sprint. The sprint t mobile combination will not pass regulatory muster. They give very low odds. Higher odds, talking to analysts, bankers that covers this space, the higher odds that we reported here on the Fox Business Network a couple days ago. T mobile dish. At cant guarantee anything. I dont guarantee anything to anybody, looking at arbitraged here, i am telling you what i and hearing. Liz dish is a Satellite Television company. They would have much less trouble getting approval. Less overlap and they dont have when you have duplicates system is talking common sense because i am not an expert at this, two systems, never anything. When Morgan Stanley to bring in a banking analogy, brought smith barney, two Brokerage Department on t