And after the bell it was intels turn. After returning elements in time of 41 cents a share. It was roughly flat with a year ago. Investors initially like what they saw sending shares higher after the report. One of the Biggest Challenges for the intel is the showing demand for personal computers, main stay of the service. The pc service took a hit and the ceo stacy smith said the prediction our prediction for 2015 is th pc marker will be down. And were planning for it to be more plat than a growth market. Josh lipton with more on where the market is headed and how it might impact intel. The p market is making headlines for all of the wrong reasons. Forcing investors to decide whether pcsent rick companies are still smart places to commit capital. Worldwide pc shipments dropped 7 from a year ago to 68 Million Units during the quarter of 201 to Research Firm idc. One dig change last big change, la ended support for xp forcing companies to upgrade computers. And th wind isnt as big this year. And that is a problem for a range of companies, including intel. The tech giant controls the market for pc chips which accounts for more than 60 of the sales. Microsoft is another company that could suffer if pc demand continues to weaken. Analysts at ubs see meaningless declines in the First Quarter but they still see it as a buy based in value. Some analysts argue that the pc market will pick up this year because they think windows 10, the new version of the operating system due out l encourage pc demand in the second half. Were in this air gap right now in 1 q and maybe in 2 q here. We dont think investors should look at the pc market more broadly and these these are good representations of natural demand. But analysts at idc think it will drop 5 despite a potential boost of window 10, but investors will have a better indication of who is right when microsoft reports earnings next week. For nighlty business rep im josh lipton in san francisco. Du component johnson and johnson reported earnings beating expectations but revenue fell 4 from a year ago. And the Health Care Company lowered financial guide sans from a year ago in part from the stronger dollar. They finish the day slightly lower. Mike terrell has more. Currency strikes again but this year investors from johnson and johnson, falling 7 in the First Quarter. Operationally though the picture is better. The business grew by 3 . Analysts say j js underlining business is in line with expectation. The consumer unit saw growth from tylenol and motrin coming back from recalls that took them off of store shelves. And neutrogena and novemberino and listerine had growth. And j and j grew the fastest with new medicines like invokeana and zer elto and other things for inflammatory diseases. J and js performance is driven by say strong pharmaceutical business. People are concerned about that going forward. They have competition in hepatitis c and concerns about rammic aid which is 15 of the companys business as it relates to patent disputes as well as bio similars. And as investors question the Pharma Business it is the companys medical devices unit that is lagging. It was the only unit of the three to decline on an operational business in the First Quarter. In march they sold courtis to health for 2 billion. They have been focused on getting out of the lower, slowergrowth, lower operating margin portion of the business and will they in fact do m a and pharma. As j j slims down the question is will it expand in othe the company has more than 30 billion in cash causing some analysts to wo whet plans to make a large acquisition. We may get more insight next month when it hosts the analyst month focusing on the fastest part of the business. For nighlty business report, im megan torrell. And markets biggest buy reported a better than expected profit of nearly 6 billion on the Investment Banking and asset banking and mortgage banking sending shares up 1. 5 . And wells fargo fargo reported a decline in profits from a year ago. The first drop in more than four years. The largest lender cited a rise in employee costs as mar pressure from low interest rates. Still the company cfo said business is solid. We put 5. 8 billion in earnin for the quarter which is our second highest quarter on record. The First Quarter of last year had a special item go through to give us an extra penning of earnings. So from our perspective spect lack lar earnings. There arent Many Companies thate 5. 8 billion in a quarter. That may be but shares felt about three quarters of a percent. And stocks were high because of those earning reports and a rise in oil reports lifting sharesd mobile. And biggest monthly gain in a year. And the Consumer Price index rose for the First Time Since october. Up. 2 . At the close. The Dow Jones Industrial average gained to finish at 18,036. And nasdaq was off 11 points and s p added 3. And the futures rose on a report by the wall street jo that the Iran Oil Minister has asked opec to cut the daily production of oil by at least 5 ahead of opecs next meeting in june. That pushed Prices Higher senting west texas intermediate above 3 a barrel. And they are watching developments on capitol hill where a senate panel voted to approve a bill to give congress a vote on any final nuclear deal with iran. The International Monetary fund i growth for the u. S. Economy, the reason the strengthening dollar. The ifm predicts the economy will grow 3. 5 this year and next down slightly from the january forecast. But the agencys chief economist still describes the u. S. Economy as robust. It is clear that the u. S. Economy is in fairly good shape and the fundamentals are good and the banks are in decent shape, corporations have cash and households have dwee creased debt. So the elements you need for sustained growth are there. As for europe the imf said that ethans economy will expand with the Global Economy growing 3. 5 in 2015, just about in line with last year. The European Union is ready to report abt trust charges against google and the charges could come tomorrow and will accuse them of abusing dominant position on internet searches in europe. And now china, meeting with chinese officials, coming at a time of heightened tensions over Cyber Threats which said must be addressed. A report over in beijing. Penny pritz ger is on a president ial trade mission in china. Traveling with 24 companies through multiple cities across the country with the goal to find Business Opportunities in chinas massive clean energy markts. Her visit comes after president obama met with jinping in november back in the summit with they agreed to reduce Carbon Emissions and tackle climate change. And it comes at a time when American Companies have been complains about what they see as an increasingly hostile business environment. They concerned about cyber theft as well as intellectual property violations. The secretary said these her discussions with Japanese Counterparts and hope they will become a problem with trade and investment. It is a problem and they recognize they have a problem, but china is becoming an innovation economy and they realize theyve got to they put rules in place and they have to enforce the rules and theyve tly enforce them and that is what weve talking about. But it is a problem. The secretary is optimistic about the potential for chinas market. From here she saids to shanghai and to the south before heading home at the end of the week. For nighlty business report, im eunice un in beijing. And today the president said he plans to drop cuba from the list of state sponsors of terrorism. That marks another step in his efforts to improve economic relations with the island nation. A s ahead, are u. S. Companies issuing too many u. S. Dividends at the head of growth. The head of a top u. S. Asset manager thinks so. Walmart prevails in a shareholder case we told you about last week. A court in philadelphia overturned a District Court ruling that would he required the World Largest retailer that include a shareholder proxy that the fcc had declined to include. It called for the companys board to set policy on selling assaultstyle weapons. The fcc refused to include it on the grounds that if approved it could interfere with the walmart daytoday operations. Results from csx, the railroad reports an increase of 0. 45 a share, a penny better than estimates. And revenues were higher than a year ago. They said freight volumes grew and were able to charge higher rates and that pushed shares higher. And the Company Announcing a 2 billion share bu and a dividend mark to 18 sents a share. Morgan brennan shows us with the report. Pretty good report this time around. Pretty good report. But the strong dollar and low Energy Prices specifically cheal gas did cut into the volume marley for coal which is one of the biggest businesses for railroad particularly easter railroads like csx and that is a head wind. But the good news is despite that we did see overall volume increase and see other types of goods moving across the rail network and the stronger prices and that is why the earning beat for csx. And they are the first to report for q did they do better than expected or are we going to see this play ought across the other railroads. And we saw others warn earnings on monday night so it could be an play in terms of what the earning look like and how much the coal effects these. And morgan will keep us updates. Morgan raiding the rails. And we begin tonights market focus. Two companies in discussions over a deal to create a networking behemoth and a potential merger for noka tell. Shares of nokia off to 7. 96 and alta tell off to 4. 93. Avon considering a sale and exploring strategic alternatives. The Beauty Products company canceled the Analyst Meeting because they are looking at their structure. Today at 9. 15. An executive at jcpenney accidentally emailed information to an analyst and exposed before it was supposed to be and it was good news. They have seen samestore sales rise. But today investors hit sell. They were off at 9. 15. Proctor and gamble chief is preparing to step down according to the wall street journal. The Consumer Products giant could see a change at the top this summer. Fractions were higher today. And zillow saw shares sell after offering investors weak guidance. Saying profit and sales for the year would be well below wall street estimates. Shares fell more than 1 to 95. 65. And larry fink has a message for other chief executives stop worrying about the shortterm. As first reported by the New York Times he sent a letter to the nations 500 largest s saying too many firms are paying dividends and buying back in stock to keep shareholders plaque ants. They steps, fink contends may be doing harm and offering investors a disservice. Professor at the University Stern School of business mr. Eggers welcome back. Does mr. Fink have it right, partly right, mostly right, what . I think in general he has this right. There is a significant difference in the incentives for shortterm versus longterm shareholders. Especially if wet ts like innovation and r d. So to the extent that Companies Feel the need to return capital to shareholders they would have been spending on innovation or growth efforts that will help longterm shareholders and longterm growth of the company, then getting the money back to shareholders is a bad plan as far as longterm shareholders like most Mutual Fund Investors would be. At the same time if the company is sitting on the cash l cases like apple and Many Companies have bn doing, then returning the capital isnt a bad sign for future growth but still can be but by the shareholders as opposed to the company expective, then maybe we are taking the wrong view as how the Growth Prospect should be managed and how much does this do with activism becoming so popular in the last couple of years. Sometimes successfully for shareholders and other times an extremely messy process . So activism is a big issue for many boards and ceos to deal with. It has been on the rise. Maybe specifically around certain issues. Spinoffs being a benefit. But in many cases the return of capital hasnt been as beneficial. Shor it may look good but longterm it isnt a good thing for the firms. And yeah to the extent that ceos are trying to respond to activist shareholders or ward off attempts to do something with the capital by returning some of it earlier, that may not be the right strategy for firms. Where do you come down weve sort of detoured to a discussion of activism. Where do you come down on it . Is it mostly constructive and helpful or is it mostly deinstructive . So in general i would say that most of the activism out there that goes beyond the monitoring of the ceo to make sure that they are not engaging in kind of self interested behavior tend to be valuedestroying bec for the most part there is no way they have better information about how to run the company than the ceo does. If they really have better information, then the board should be firing the ceo and bringing in somebody new. That ceo better have a different perspective. The Shareholder Activism exists as a check for ceo self interested behavior and from that point of view it can be helpful but as far as directing strategy that is the job of the ceo and the board of directors. And there fink advocated holding on to a stock for a longer period of time and a change in the Capital Gains rate if a does so and what is your take on that. That would encourage the type of behavior he is look forge. Discouraging shortter ownership of the stock but we are taking about the change of one year to three years and the true shortterm Investors Holding less than a year any way wouldnt be effected at all, only People Holding longer than a year but less than three. I dont have the data in front of me but my guess is that is not the bigger population were thinking about. I think were looking at this shortterm three months, six month, eight month, versus the longterm, 20 year plus pee so im not sure it would have the big impact fink is looking for. J. P. Eggers new york univer stern school of business. Coming up tax day is almost upon us and it is not just the government that is after your money. A look at the top tax scams and what you can do to protect yourself. Here is what to watch tomorrow. The federal reserves beige book is out and it could offer insight into the u. S. Economy which frankly has felt beige lately. The bank mario drag will face questions after that and well have plenty of earning reports but the big one to watch is bank of america and that is on the agenda for wednesday. The Labor Department rowe posed new retirement rules for new protection for savers. The new rules which we have discussed here on nighlty business would require a fiduciary standard deterring brokers to high stream products. But overly strict rules could limit the availability of high risk products. One day to go until the tax deadline and the irs is warning some to be re be aware of tax related scammers. And more on the threat and what you can do to protect yourself and your money. Watch out for scammers. That is the message today from the irs as tax season comes to a close. Officials there put together their annual dirty dozen list of the worst scams taking advantage of taxpayers today. And they say an oldfashioned scheme is back in a big way. Phone scams. Which crooks pretend to be irs agents to bully people into giving up personal information or even hardearned cash. Were seeing this in every part of the country. It is an amazing phenomenon. We have thousands and thousands of complaints about it. It is an aggressive scam and continues to grow. And also in the top three, a cyber crime tech called phishing. Phony emails demanding pernal information. And a big generating revenue is identity threats, where criminals file boke us tax returns and pockets the refunds the irs sends along. How can you protect yourself . The irs said to watch out for phones and emails coming out of the blue. The best advice is if you get a call out of the blue from the irs threatening you, the best advice is to hang out. And there are a number of scams, including fake charities, and tax return preparer f and watch ot for preparers who charge fees based on a percentage of the prefund that goes to the preparers as if you need anyth to stress you out during this time. The irs warns of other scams as w for the full list find it out at nbr. Com. A twothirds of the total tax returns, the agency expects to receive this year. If you are one of the millions of americans that have yet to file we have tips for you. Joining us now is sharon epperson. What are last minute mistakes that you can avoid that will end up costing you money. You dont want to leave my money on the table. Make sure you can get every tax break together. And everybody thinks you can itemize. But sometimes the standard deduction is best for you. Check to see if your home is paid off and if you live in a state that doesnt have intox tax, you may be kay with a be okay with standard deduction. And think about the state tax refund if you do get a refund you dont need to declare it all. You feed to figure out how much is taxable. And that is something to consider. And the last thing is the investments that didnt so well and the ability to Carry Forward and that is something people need to know. The losses th