The financials, names like bank of america and jpmorgan hit highs and pulled back by the end of the day like the s p 500 that broke tho with a new high today and now finishing in the red. Liz the closing bell, cant ignore general electric, a leader on the dow, up more than 3 selling off what it owned of nbc yon veer sal, and here we go, the closing bell rings right here on wall street. See how stocks are finishing up, ashley, and the dow came off the close here. Not bad. Who came back was the s p 500 punching into positive territory by a fraction as the numbers settle. Could change, but focus on the nasdaq, not a huge move of 10 points, yesterday, the nasdaq was lagging. Today, moving higher and seeing a bigger move at the end of the session. Ashley mcdonalds weighing down the dow with the higher minimum wage. Groceries a move to the downside. Ten year yield rising four points closing above the 2 mark, hitting the highest level, by the way, in ten months. Liz financials were one of the worst performing sectors today, taking a breather after leaving fiveyear highs yesterday, but the financials showed signs of internal strength, 21 of the 81 financial stocks in the s p touching 52week highs like Goldman Sachs and blackrock. Impressive. Investors bullish on vacation stocks with four names. Hitting new oneyear high, marriot vacations, intercontinue tenial with fresh highs out performing alaska air and nor wee january cruise line. If you are brave enough to go cruising now. Liz when the bell rings, action begins. Breaking news on corporate profits from big players. Dow components, cisco, we have whole foods, amat Applied Materials, and metlife. Ashley going behind the numbers with two big ceos. The stock falling, Buffalo Wild Wings ceo, sally smith, makes the case to investors on why the company 1 set to take off, and the ceo of Choice Hotels says forget china, europe, i say europe is where the growth is. Liz okay. Weve heard that. Well see. First, what drove the markets in todays data download. A mixed day, but more green than red in the last couple minutes here. Nasdaq snapped a twoday losing streak, and s p 500 eking out gains, but dow unable to maintain yesterdays momentum. Falling into the red, industrials and materials were todays Top Performing sectors, and telecom and financials lagged. Metals, platinum driving higher, widening the premium to gold to a 17month high, renewed concerns that supplies will shrink boosting the metal 12. 50 an ops after a 21 jump yesterday for platinum. Platinum used in the auto industry, not just for earrings anymore. Retail sales growth slowing in january as higher taxes and gasoline prices did hurt spending. The Commerce Department reporting retail sales edged up a tenth of a percent following a half percent gain in december. Ashley i left the earrings at home. Joe is in the pits of the cme and market panel today, david, partners, ceo and charlie smith, for pick group capital, and joe at the cme, before we get to the stocks for earnings, after a 6 runup in january, this market, as i said to liz earlier, seems to be just moving sideways waiting for the an fit pated correction. Is that how you characterize it . I think thats how its been trading, and, i mean, heres one thing thats been holding back the pull back, a Retail Community thats not been participating in this market at the level we would say they are overly bullish and ripe for a pull back. This is institutionally supported, and until we start seeing that retail flow come in, im going to continue to see this grind and bullish trend in tact. Liz Applied Materials numbers, stock is moving higher. Moving higher, but, you know, its a miss on earnings per share, six cents, and they were expecting 22 cents on whats net sales of 1. 75 billion. Revenue supposed to be 2. 18 billion. Trying to dig deeper into this. They generated orders of 2. 11 billion, and net sales of 1. 75 billion, and they are giving guidance for the second quarter, liz. They expect next sales up 15 to 25 in q2. Liz thats got to be it. Looking at better, i guess, outlook here for a company that is very much in what has become a commodity industry, and that is Solar Technology equipment, not just Semiconductor Equipment making. Joe . Yeah, yeah, yeah, yeah, youre definitely seeing that transition. Again, theres the appetite out there. Weve seen its been lagging up until this point. Now we are seeing its leading, and so now you see not just institutional money, but retail money coming in, and the numbers prove that. Ashley joe, cisco, whats the call . You say, look, they are trying to diversify away from the slower moving segments of the business and build momentum. You see that happening . Yeah, you know what . The revenue stream traditionally from the routeing and switching, obviously, a slower pace revenue stream, getting into the i. T. Platform servicing, the enterprise participants spending more, seeing the Macro Economic trends starting. The business right now has been performing well, and looking at the options marketplace, were actually seeing theres potential of 5 move going into this number and into the end of expiration week, and we could see momentum going in through the springtime if, again, we see some solid numbers coming out from cisco. Liz okay. Speaking of which, put up the stock, at least at the moment, to show the after market trading of whats happening. Putting on my glasses here. Cisco stock moving just markettedly higher here waiting to get the details, but shares up 1. 3 after the bell, and as we bring in our market panel, david and charlie, cisco, of course, is a bellweather. 24 is this is an important stock. We have the numbers, adam . Net sales, revenue is 12. 1 billion. Earnings per share in line with what the street expected, 51 cents earnings a share. Heres a quote in terms of the qiewch, making solid progroceries depress, new markets grow and created. Its a miss on revenue, liz. Liz david, again, this is John Chambers really swinging a guy big bat saying were in i. T. , but everything from the routers to the set top boxes business of india. Theres so many things cisco is looking to get into at this point. Can you be all things to all people . Thats always a difficult Business Strategy to pull off, but, you know, with the size of the company, they have a lot of resources to be able to take that on. The one risk i see in cisco is not to ignore the fact that 25 of the revenue comes from government contracts and the United States and europe, and if we look at austerity measures at the two large economies, cisco cant go through that without having a bit of a hit to the revenue on that. Ashley charlie, a big part of ciscos operation, in fact, 20 of the revenue comes out of europe, and we know the problems that europe has had. How concerned are you about that for cisco going forward, or do you think europe is getting its act together . I dont think europes getting its act together. Weve actually seen a little bit better expectations about the Enterprise Business from cisco. Obviously, the government business is weak. They sold off consumer oriented businesses so i wouldnt be so much concerned about a revenue miss at kiss koa trying to concentrate on the profitable business. Look at the margins more than the slight revenue miss. Liz okay. Is that what you do when earnings come out of the stock you own, look at the margins . Well, i mean, we saw it with apple. The trend in Gross Margins was what people were concerned about. When your basic profitability begins to peak out and the growth rate peaks, thats really the best sort of indicator of a problem with the company is gross margin trends. Liz whole foods out right now. Adam, how did they do . A beat on earnings per share, 78 cents, expected 64 cents. Revenue at 3. 86 billion, 3. 9 billion. Expected 3. 1 billion. It seems as if they got a beat and a beat. Liz hefty he hefty . David, why is the stocks selling off on this . At least that is what it looks like to me. Whole foods is a fantastic growth story especially since the credit crisis. Its really taken off, compared to the peers like a walmart or kroger, its done well. One of the things now though in the next year, 91 of the stores were forced to temporary shut daven due to hurricane sandy. You cant do that without pressure to the top line Revenue Growth. Liz that make it a buying opportunity that that was a onetime blip . I honestly tend to think so. It is you cant ignore it the next 12 months or so, but as a whole, they have a really good story, a lot of growth personal, looking at going to ecommerce. I mean, whole foods is the whole package. Ashley charlie, whole foods, this expansion story. The ceo says, look, we would grow or hope to grow to a thousand u. S. Stores. Thats three times todays number. Is that a good move, or is it a little bit of over saturation and could that be a problem . Well, from what i see, theres a lot of room to grow. The competition of the krogers and walmarts is a totally different market segment. The high end, fresh markets is the main competitor, but beyond that, theres a Harris Teeter regionally. They have a lot of room to run in the grocery business. Liz david, do you have a favorite region where you say this is it . Its cheap, an opportunity, and we have not seen the run up that its so expensive . In terms of what . Liz sectors, stocks, you name it. Show us the money. Thats a great question right now. You know, one of our strategies we employ is a sector rotation strategy. Right now, its focused in energy, but that might have a 15day shelf life before thats taken to the block. Liz okay. Looking at the next month going on, its hard to say. The stock market is highly priced. Its the story we know. The prices manipulated by government intervention, Central Banks around the world. Theres a huge dispair between prices and pe ratios today. You know, we talk about the pull back or the chart shoots fast on prices, but we have to see. You know, maybe the fed prints more money, and we dont have to worry about it. Liz all right, okay, thank you so much. Good to see you both. Welcome. Ashley the president delivered the state of the union last night with a laundry list of ideas for spurring growth, but will any have a meaningful impact . Thats a key question. Talking to the man the white house turns for advise, robert sha peer row. Liz investors flocking out of Buffalo Wild Wing stock as high chicken wing price ground the earnings. How do they plan to offset prices . Can they convince investors they are ready to take off . We have the ceo, sally smith, on a first fox business interview. [ male announcer ] this is karen anjeremiah. Hey dont know it yet, but they gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, theyll find some retirement people who are paid on salary, not commission. Theyll get straightforward guidance and be able to focus on other things, like eacother, which isnt rocket science. Its just common sense. From td ameritrade. Its just common sense. Today is gonna be an important day for us. You ready . We wanna be our brothers keeper. Whats number two we wanna do . Bring it up to 90 decatherms. How bout ya, joe . Lets go ahead and bring it online. Attention on site, attention on site. Now starting unit nine. Some of the worlds cleanest gas turbines are now powering some of americas biggest cities. Siemens. Answers. Did you know not all fiber is the same . Citrucel is different its the only fiber for regularity that nt cause excess gas. Its gentle and clinically proven to help restore and maintain regularity. Look for citrucel today. More likes. More tweets. So, beginning today, my son brock and his whole team will be our new senior social media strategists. Any questions . Since we make radiator valves wouldnt it be better if we just let fedex help us to expand to new markets . Hmm gotta admit thats better than a few likes. I dont have the door code. Whos that . He won a contest online to be ceo for the day. How am i supposed to run a business here without an office . [ male announcer ] fast, reliable deliveries worldwide. Fedex. Liz right now, this minute, the s p futures closing. Lets head back to the pits and find out whats happening at the cme with joe. Joe . Hey, liz. You know what . We grinded to a close, basically unchanged. I think were going to continue to see this action going into next unless theres headlines coming out where retail gets in or out of the market. Right now, id say on the pullbacks, you can start nibbling. You talked about it with whole foods. When it pulls back like this, it did it last quarter into the earnings. We can watch it again. I think theres some opportunity to nibble right here, but i also want to be very tempered about that. Liz nibbling on whole foods. Thank you very much. Ashley it aint cheap. Cisco reported earnings a few minutes ago. To nicole. Nicole, cisco missing revenue a little bit. How is it looking in after hours . Well, its looking like im not going to delve into the numbers because the estimates but it looks like the revenue earnings per share, not that bad, its either in line or a beak. Im not hearing a miss for this one. Well get back to the numbers, but the big picture here is that John Chambers is out. Hes obviously talking in a very confident manner talking about the fact that they did what they said they were going to do. Hes very comfortable with what theyve seen with the performance thus far. We continue to watch the systems. The name, obviously, on the move on the Dow Jones Industrial average, and its something were going to watch. Obviously, one that can be a real mover tomorrow. According to barrens blog, saying revenue is in line and beat the street. They are our sister network. Well continue to follow the numbers here for the dow component. Obviously, and telecom and internet equipment and a big, heavy, heavy player in technology and will certainly drive tech stocks in the market one way or another. Liz you were right. I saw the same thing agreeing with you ongoing with barrens, a slight beat on the revenue number there. Good call, good call. Thank you. President obama outlining the second term agenda last night proposing new taxes and spending cuts to decrease the debt and help our mailing economy. Ashley will the policies have real impact . Someone the white house turns to for economic advice, former under secretary of commerce and imf adviser, robert schapir organize. What did you think of the speech, robert, and do you feel the track the president is on is going to get us back on the economic front where we need to be . Well, i think its a step in the right direction. I was particularly glad that the president made a point about the sequester and short term deficit reduction. The fact is, yes, we need to reform entitlements. We need to build out the tax base, both over the long term, but in the short term, we saw what happened in the Fourth Quarter. We had strong gains in consumer spending, business investment, and residential construction, but it was overwhelmed, mainly, by a sharp drop in government spending. This is the same lesson any number of nations in europe have learned when they trieded to impose austerity while the economy was still not fully recovered and the result was they went back into a recession. Liz well, i think thats a great point. The president was right about that. Liz thats a great point. You have a lot of people on the republican side of the aisle making a lot of and not wrongly so, but noise about cutting government spending, and them, okay, be careful what you wish for. You may get it, and we got it, and we recessed about a tenth of a percent there, which, from your perspective, is that the worst thing in the world . I mean, we got a little taste of what it means to cut government spending. Well, the fact is we dont have to push ourselves into recession in order to address the debt issue. We can do that, the debt issue is driven primarily by the reduction in the tax base and the rate of increase mainly in Health Care Spending so thats what we ought to address, but we can address that with reforms that phase in as the economy gets stronger. We dont need to weaken the economy which just making deficits larger. Ashley how do you corrugate jobs, robert . What policies work . Theres a lot of talk. You your advise is stawght sought by the white house. What would you tell them right now . The truth is i think we have a long term structural problem with job creation. That if we look at job creation both in the bush expansion and in this expansion, its much, much less than we saw under either reagan or clinton, even when we adjust for differences in overall growth, and that tells you that what we probably need are policies that are targeted directly at job creation, not simply policies targeted at growth. For example, we could the main thing we need to do is we need to reduce the cost to business of creating new jobs. We could do that with a cut in the employers side of the payroll tax. We could do that by strengthening the measures in obamacare which will slow Health Care Inflation because Health Care Costs are the largest and the fastest rising costs for business as well as for government. Liz well, a lot of them do say if you want to help me create jobs, dont make it so expensive for me to cover these workers as far as the health care is concerned, so help us square with that. Well, the fact is, you know, the cost to employers of health care has been going up 67 a year for 30 years. Liz yeah. This is not a problem of obamacare. The problem is that we have not put in place any policies that can slow that. We need, you know, Insurance Companies have done a little with respect to copays, but we can do more. Theres easy things we could do. We could expand prevention programs which save Health Care Costs. We could accelerate the introduction of uniformed Electronic Medical records which saves costs. We could prom gsh promulgate, and, perhaps, give incenters for clinics and hospitals to f