boeing has won an order from united continental for 25 boeing 737s worth around $2 billion. >> more big movers for you, including valeant pharmaceuticals. this has to do with accounting errors tied to the drugs related to philidor. fortune brands planning to purchase over $400 million worth of its stock in two years. that's helping its stock. >> today's agenda is full of

i wore by boeing tie today? why did i wear it? boeing is the loser if this goes through. the partners for success is partners for failure. >> right now there's no deal at all. >> what do you mean? taking away the whole -- >> they're talked. not talking. >> we shouldn't have mr. hayes on? >> no, we'll definitely have him on. >> just kidding. like the biggest interview we've had. >> i don't know about that. >> after we look at the pre-market. let's look at what's going on. slight declines in europe today. german business confidence fell for the third consecutive month. futures stateside. oil relatively stable after monday's 6% rally. existing homes in about an hour. earlier we showed pk shiller price index with a gain of 5.4 in december. retailers. home depot posting record fourth quarter results. u.s. comps up 8 and 9 helped by a recovery in the housing market. the dow component hikes the dividend 17%. macy's beat the street with results. earlier on "squawk box" terry lundgren said the weather was a big help. >> the business got better in january. you know why? it got cold

look at boeing. biggest drag on the dow today, it was down 11%. we have details on the probe into boeing's accounting coming up. stay tuned for that important story. >> as that 10-year keeps dropping, we have a few high paying dividends with strong balance sheets maybe that could provide a little safety amid the sell-off. >> so much to get to. i don't know how we're going to pack this in. let's start with the bank stocks leading the sell-off for a time. bob pisani is at the post. >> i wish i could tell you we have a rally -- we have a rally in energy stocks, turned positive on these reports from the uae energy minister that there may be some attempt by opec to cooperate on a cut but it's not helping bank stocks at all. they are all at 52-week lows. key corp, these are classic regional banks, 5% decline, not much of a rally at all. same with pnc, down 4%. right across the board, it doesn't matter, bbt, sun trust, any of the regional banks are all sitting at multiyear lows and even the big money center banks are setting at multiyear lows bank of ame

as much as i like boeing i can't get behind it. i can get behind united technology and i want you to own honeywell. doug in north carolina, doug. >> caller: boo-yah. hey, cramer. where are we with cmg? >> it went down to the low 400s and we said it's done. we think people won't be thinking about e. coli six months from now. you have to know stocks anticipate declines and they end. buy chipotle even up here. i'd love them to come on the show. dennis in indiana. dennis. >> caller: hawaey, jim. i was curious about pot. >> stay curious and stay away. we don't like the farmers income balance statements and they are coming down. i think they should take advantage of the strength and sell. one more. pete in arizona. pete. >> caller: hello, boo-yah. >> boo-yah. >> caller: long time listener. my stock is taser. >> it's too cheap. time to buy the stock here. it's a good one. that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade. sup jj, working hard? working 24/7

is boeing up 2 plus percent on the news? does that make sense to you? >> no. >> no, all right. >> i'm not convinced of that, no. >> okay. >> thanks, nick. >> okay. >> joining us on this breaking news. we already had united technologies ceo greg hayes booked to talk wednesday. don't miss that, now that david faber has broken this news. >>> another day of oil rallying after friday's rally as well. up nearly 5% on crude oil. chris, i guess the sad irony here is that we're up 5% today. up a couple of percent a lot of days and we're still at 33.5 bucks. are you a buyer of the rally or little momentum we have seen? >> so we're not chasing the rally. i still think there is some fundamental issues that will pose problems for the rally to continue. i think there is a sense of fear missing out. the idea that, like you said, momentum around this build, people are putting capital to work. refiners have to go online and take a cull out of the market. we're seeing record high builds in gasoline inventories and diesel. big question mark into the spring of the magnitud

boeing and lockheed martin protested the award to northrop. they're on the last day of when it could announce it's decision is denying the protest saying it reviewed the challenges and found no basis to abstain or uphold the protest. they concluded the technical evaluation was reasonable and consistent with the terms of the solicitation and in accordance with laws and regulations. it will not reveal the details of the challenge nor the detail of the decision because at the moment they're classified. whether or not they give up the fight or sue in court, that is not unheard of, we will have to see but for right now a contract northrop needed to have to continue being the prime contractor in the aviation military business is still belonging to northrop grumman. stay tuned. >> we will. big stocks getting a big bump there as you can see and boeing with a gain of more than 2% today. coming up, ibonds. apple prepping another multibillion dollar debt offering. why they keep adding cash to its war chest and what that move means for investors. and grou

if i swap out of boeing what do you recommend? >> general electric, ge. boeing ice got a 3.65% yield. ge is a 3.72% yield. i'm concerned about the aerospace cycle. although if boeing had a not great quarter and ge had a good one. i'm not going to fight about it. it's a good stock. short-term there are issues after the last quarter. it is a difficult market with opportunity out there. check out the high quality stock that are go tos. much more "mad money" ahead. do you know what's worth owning? ahead i have the stocks to keep an eye on in this hideous market when it comes to coming off the sidelines. trying to find your footing in the market? easier said than done and it's the monday after the big game, but i'm not calling it in. i'm taking on a storm of your stocks in tonight's edition of "the lightning round." >> announcer: tomorrow, kick off the trading day with squawk on the street, live from post 9 at the nyse . >> clorox over chipotle. not to eat. i want to say that up front. the idea of drinking clorox is abhorrent. >>> the whole cohort is in the gr

boeing came out and said wrong, wrong, wrong. then they came out and talked about their cargo planes. they cut that down, and then they reported a quarter and then they sort of gave -- it's been a number of things this being the last so you have to -- at a certain point you need to take the credibility into question so i think it's got to recapture 120. i don't see it happening any time soon up. >> next, china is officially open for business next weekend and it could have major implications for the markets. first trades for tuesday right after this. i'm melissa lee, and you're watching "fast money" on cnbc first in business worldwide. meantime, here what else is coming up on "fast." >> coming up it's been a bright spot in the markets. retail, but with walmart and nordstroms still set to report is the consumer still spending? it's the ultimate test and we'll tell you what to expect. >>> plus why one laggard of a leading sector is about to break out. the name and you can make money. all that and more ahead this hour. hey, jesse. wh

boeing has won an order from united continental for 25 boeing 737s worth around $2 billion. >> more big movers for you, including valeant pharmaceuticals. this has to do with accounting errors tied to the drugs related to philidor. fortune brands planning to purchase over $400 million worth of its stock in two years. that's helping its stock. >> today's agenda is full of items focused on housing and the consumer. the s&p/case-shiller home price index is expected. february consumer confidence may have slipped due to the market turmoil earlier this month. a trio of fed officials speak today. minneapolis fed president neel kashkari. home depot and macy's report earnings before the bell. >> a tale of two very different retailers. jpmorgan chase will take the stage for its investor day in new york city today. shares of the banking giant have fallen around 12% so far this year. today is the one day a year investors get to look into the vault. landon dowdy joins us with three things to watch. >> good morning. ceo jamie dimon and his top executives will pull back the curtain on their businesses

breaking news on boeing. phil lebeau has details. >> dennis mullenberg who has been ceo since last july is now becoming chairman of boeing, effective march 1st. boeing just announced he'll move into the chairman's role. the current chairman and former ceo jim mcnernny is leaving the board after 14 years. not a huge surprise that mulenburg would be elevated to the chairman job in addition to ceo. current ceo of boeing is move into the chairman's role effective march 1st. >> but, phil, meanwhile, we're distracted by the maserati suv. what is going on here? i didn't know the luxury suv market was even a thing let alone so hot. >> it is red hot. if you've got $75,000 to spend, maserati has a suv you should be checking out. it's going to be in showrooms and pricing hasn't been announced but most i've talked to with are saying it's going to have a starting price of well over $80,000. at least that's the expectation. why at that price point is there so much demand. in the last four years because we've seen a increas

boeing's engineering union approving a six-year contract. the deal pretty much guarantees an average 5% annual wage increase for five years overall. boeing shares right now fractionally lower in extended hours trading. >> been hit hard lately. in other corporate news, shares of newmont mining. lower metals prices and delayed exports weighed on those results. marriott falling after reporting mixed quarterly results. the hotel chain seeing a revenue increase, but not as much as expected. similar story for sun power. earnings and sales topping estimates, but that guidance for the first quarter in the year coming in below forecast. >> those shares up by about 3%. coming up here on "worldwide exchange," apple pay goes live in china. a live report from beijing next. plus, google's ceo throws his support behind apple in its encryption fight with the united states government. we'll bring you his comments straight ahead. >> plus, as you can hear, it is throwback thursday. we're throwing it back with some old-school rap music this morning. tell us wha

we have reached out to boeing for a comment. at this time the company says the comment is, that it's not going to make former comment regarding this investigation or a possible investigation. we should point out, there is no sec filing, carl, with regard to whether or not they are look nook the accounting at boeing. so that's why the stock is down what more than 8% today, really taking it out of the dow components. >> all right. phil, thank you very much. we will continue to watch that story, obviously, in the meantime, we take you back to capitol hill. >> 2% inflation and full employment that as you look at data that guide where you are going, i'd like not a particularly long answer to that. i think there has been, as you know, criticisms about whether there really is a rule-based system that people understand so that it's not like the fed is the wizard of oz and nobody know what is will happen. market versus fallen 500 points, which is unusual after the last couple days after testimony, which i thought was good yesterday. but

boeing looks all of a sudden interesting again. >> for me, i don't think this is the bottom at all. this is a massive de-risking going on. the reason why i say that is look at all the trades that are unwiding. now your resource stocks are short covering. look at the weak dollar. everybody was in long dollar, going to the moon. even gold that had massive short positions in it. that's starting to rally right now. if someone got a tap on the shoulder saying, let's take the books town, de-risk globally until we find out what's going on, i think that's what's going on now. >> at the end of last year, we were talking so much about the mean revision going on, bounce back from the beaten-down commodities, are we starting to see that manifest now? >> it would imply people are putting money to work. when i say de-risk, just taking money out. whether it comes back to work, i don't know. where it goes, i don't know. i don't think it's, oh, this is a mean re version trade and we've got to get in on this now. >> getting back to the question we started the discussion with, are these signs a bottom

and the loser, boeing, dupe point and cisco. stay tuned. olay regenerist renews from within, plumping surface cells for a dramatic transformation without the need for fillers your concert tee might show your age... your skin never will. olay regenerist. olay. ageless. >>> it's time for today's must-reads. on i chose "usa today" editorial board writing why should iowa and new hampshire always go first, our view touring to "usa today." here's our take. the parties are not only giving the states industries and special interests they are also shaping the race in ways that might haunt them at general election time. the point of this op-ed that iowa and new hampshire are not necessarily microcosms. the population of iowa is 3 million people. less than 1% of the united states. it's 87% white. it's older, demographics of age. new hampshire is one of the oldest states. >> i used to live there, by the way. i used to live in new hampshire i have a feel for -- >> you were too young. did you caucus in new hampshire? >> i was not there. i was only there

of course, the inflation picture continuing to be a major element of the boe's future rate hike timeli timeline. in the last meeting, we had a lot of people talking about whether they'd be easing before they hiked. definitely we'll keep an eye to this inflation data. we've got core cpi at a negative 1% on the monthly basis. that's up 1.2% annually. but that negative 1% is roughly in line, i think, with some forecasts, but on annual basis, just shy of that 3% some were looking for. >> house prices for 2015, guess how much the jump was? 7.9% year on year, 2015. >> just when you think they can't go higher. and that's the entire u.k. not just the hot market. >> exactly. >> some signs of softness, though, when you look at the ultra high end. getting ready for changes in the budget. >> the u.s. futures implied open. we're looking at a stronger up mied open. dow jones industrial average being called up some 230 points. the u.s. was off for holiday yesterday. coming back with a vengeance perhaps. you' european markets this morning, a little higher. the ftse mib not quite making it there. oil,

it's being bought by investors who want knowing to do with boeing and its alleged accounting issues. you know my dictum, accounting irregularities equals sell and while i know this principle has kept me out of terrific opportunities for what could be boeing, i have to stick with me what's kept me out of trouble more than let me make money. why focus on these two? 3m and honeywell have been hammered by a strong dollar. even as though they've gotten so much right. their earnings could get a tail wind instead of a head wind if the dollar stays on a weaker path. by no means am i slating ge which is 3% yield but any break in oil will allow you to buy that $29 stock at $28. am i being penny-wise? i'm sticking with the hope for a downturn that has happened so regularly after this much of a barn-burning rally. i say buy, buy, buy, then it's sell, sell, sell. how about white wave foods? remember that old friend. it had been brought down by a competitor as well as worry that natural food is going out of style. but this reported a good quarter, down for the year after those robust results. i lo

boeing gets an order for a dozen 737s from china's ok airways at the singapore air show. the order is worth about $1.3 billion at current list prices. it's china's first privately owned airline. you can see those shares not trading just yet. rack space reports better than expected fourth quarter results, but the company is issuing 2016 guidance. that's below wall street analyst estimates. they expect full-year revenue of up to $2.16 billion. shares tumbling more than 6% in the extended hours trade. >> we've got some more stocks you might want to watch today because it's time for whale watching. investment managers releasing fourth quarter f-filings showing how they're navigating the choppy waters. landon dowdy joins us with more. >> let's focus on the big three starting with carl icahn taking new stakes in xerox, pep boys, and aig in the fourth quarter of 2016 while trimming his stake in apple. last but certainly not least, berkshire hathaway decreasing take in at&t. sara, codom, you want to keep i mind these are backwards, but still a look at what the big guys are doing.

today boeing cut to neutral, price target to 120 from 142. they called it the straw that broke the camel's back, even if it's just a report raising doubts about the profitabilities of the 787 program. not that commercial delivery sentiment was that great any way after their guidance after the quarter. >> is there no statement from boeing? would have thought they would release a statement, wouldn't you? if the stock was so badly affected as to where they were? i'm surprised there isn't. i'm watching oil bouncing back. wti back above $28 a barrel. brent crude oil, there was a speculation that hit the markets yesterday that the uae was finally agreeing to opec cutting production. uae is an ally of saudi arabia. and that they have been a hold out thus far on cut to oil production. there's brent up about 5.5%. we'll watch that through the session. it has proven to be a leader for stocks. >> wake me up if the saudis are involved. >> we have to actually see it. >> maybe we'll see something over the weekend. holding out hope. certainly a move. or per

boeing says healthy competition is vitally important to boeing and our commercial and military customers and they say we would anticipate taking a very close look at the potential impact of a potential deal. it doesn't sound like the customers are in your corner. >> well, i think once we get started in talking through what the issues are and how easily they're resolved, everybody, including united technologies will see this is a very pro-competitive deal. you have to remember, honeywell is an $80 billion company with a wide portfolio. utc, great company. smaller, also wide portfolio. the overlaps we're talking about are so small and narrow in aerospace, there's no more than $5 billion of overlap which is easily dealt with through deves ves turs. >> a lot of people come back and say we don't see that at all. they say there's no way the likely divestitures like that at all. he thinks the divestitures would be far, far higher. how do you get to your number? ram, air turbines, wheel sensors, biz jet helo engines, fuel pumps, he goes on and on. >> i think it's important to remember both compa

boeing saks, a great company, they make planes and loans. coming up, mad man himself, jim cramer will join us on set. can't miss that. "power lunch" back in two. i'm only in my 60's. i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, it helps pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks,

boeing and airbus have had their way. >> this is clearly going to be a case of a great debate. >> mr. hayes kind of minimized that one. that was to say, we even got landing gear and engines. don't mess with us. and they did. they messed with them big time. they don't make any money on it. it's on the service revenue, so they need everything they can. they would be able to go to airbus. wait a second. which is kind of what you want. i don't know. i mean if you're anti-trust, you're watching this show, you'd say, listen, i'm going bring this guy up there. >> we'll get cramer's mad dash. a lot still to come including oil inventories in about an hour. don't go away. ♪ they say that in life, we shouldn't sweat the small stuff. but when you're building a mercedes-benz, there really is no small stuff. every decision... every component... is an integral part of what makes the 2016 c-class one of our most sophisticated cars ever. because when you're setting a new benchmark for refinement, it is the small stuff... that makes the biggest impression. the 2016 c-class. lease the c300 for $399 a

. >> mcdonald's had a nice run, but chevron, bank and boeing which has been troubled. >>> an hour to go. thanks for watching "power lunch." >> "closing bell" starts right now. \s >>> hi, everybody. welcome to "closing bell." i'm kelly evans. >> and i'm bill griffeth. a third day of gains for the stock market. pretty good gains, as a matter of fact. now, if we close higher today, this would be the first time this year we have seen a three-day gain for the markets. now, this one really gets my attention. if we were to close up by more than 1% on the s&p today, it would be the third consecutive day where the s&p has had a 1% gain. do you know we have not seen that in -- >> i'm guessing several years. >> since october of 2011, over four years ago. isn't that amazing? >> where are we now? we have some room, but that's absolutely the level to watch. we're going to discuss whether you should keep a defensive portfolio or not. >>> also oil is on fire today, back above $30, so are the lows in oil behind us? is that what's driving in market? we'll take a look at the crude by rail business and

boeing and airbus because they wouldn't be able to play one of these off each other in building planes? >> yoe, you raise an interesting question. certainly shareholders would benefit because you have earnings accretion. >> most people think that would be a good thing, but not everybody. so shareholders would benefit. that's good. >> but the biggest stumbling block everyone is talking about and the issue you raise is the anti-trust question. you can mark where there's overlap between these two companies, but it really does come down to that last point you made about the value, the set from the combined company signed to the likes of airbus and boeing, would make them too big a player. >> so there's nobody else that -- there would be no competition with certain parts of the aerospace industry if these two got together? no foreign companies that are involved in. >> i wouldn't say no competition, but you would have a stronger supplier to the relis of the airframe guys that would ma maybe tip the balance of competition. >> so what was appealing about the idea that these guys have had to de

boeing did not have a great number. honeywell had a great number. airbus is agnostic. this is the kind of deal, where if you look at the ford f-150, you look at aerospace, all the screws, couple million screws in a big plane, you know that part of alcoa is good. the part i'm worried about is the aluminum business. why? it looks like freeport. it looks like bhp. when you go down and look at them, it has real demand. that lumping in is a false lump in but it's what the street does. >> the stock has not done particularly well. >> no. and by the way, there was a 2.7 million share block done earlier this morning that i've been trying to figure out why that happened. and no one seems to know yet. maybe we can find out more. >> right. back to the broader market and our concerns here continuing about china and what exactly is going on in that economy. as i mentioned, george soros and many other people lining up against the yuan. don't know if it becomes a foreign relations crisis for the state department when the chinese say what are all these speculators doing in our currency

boeing receiving words it received a u.s. license to hold talks with airlines in iran, just as their competitor airbus has done. they stopped lower by 3 bucks, once again, getting the u.s. license to hold talks with airlines in iran. we'll be right back. . >> in 40 minutes an interview you cannot miss, john macaphee, self proclaimed cyber legend, former bolivian fugitive says he can hack into that apple phone if given a couple smart guys. he is our guest in 40 minutes time. that will be a barn burner interview. we are back after this. >>> welcome back to "power bun u lunch" we learned am is insisting with the unlocking of the phone used by the terrorists in the san bernardino shooting. with us on the phone is a privacy attorney. palm, it's great to have you with us. >> great to be with you. >> what can apple do at this point? >> well, there are a lot of things that can happen at this point. number one they will pose this immediate request ordering them to do something. this is still in the early stages. there is probably goin

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ >>> tech stocks got hit especially hard and investors are struggling for someplace to put their money and new york times, upstart ride sharing service, uber. a business picker for the time and joins us here at post nine. >> thank you. >> people are signing up exactly knowing what? >> signeriing up for uber. they are in a class of it is in these unicorns, they are investing in this fund and feeder fund in the okay man islands for tax purposes which gives them interest as you would as an lp say in a private equity fund. the only difference is this fund invests only in uber. it's an out sides best on uber. >> you made your thoughts clear. >> uber is a real company -- >> it comes down to valuation. i think if you're buying into uber at 62 billion, put aside you're not getting information, you're setting up to be a chump. >> even though they could go public at a higher val yauation. >> in a day when linkedin went down 45% and.

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ hey kevin. hey, fancy seeing you here. uh, i live right over there actually. you've been to my place. no, i wasn't...oh look, you dropped something. it's your resume with a 20 dollar bill taped to it. that's weird. you want to work for ge too. hahaha, what? well we're always looking for developers who are up for big world changing challenges like making planes, trains and hospitals run better. why don't you check your new watch and tell me what time i should be there. oh, i don't hire people. i'm a developer. i'm gonna need monday off. again, not my call. we were talking about the big year for gold. newmont mining shares up 40% this year thanks to the run up in the price of commodity. brian sullivan is with the newmont mining ceo gary goldberg in hollywood, florida. >> quite the shock, the best performing asset class of the world, minus a weird thing we don't know about is gold. believe it or not. gary goldberg knows a bi

that means they don't think that the boe will move on the market until the end of 2017. the end of next year. can you actually get sterling to fall in that environment? well not by much because the weaker dollar is really through the markets. mario draghi gave another very dovish speech today in frankfurt suggesting that challenges do not justify inaction. can he get the euro to weaken? look at the euro gains because of the weaker dollar ripping through all the markets. nowhere has more evidence than the short covering on the material stocks that started in australia and right through asia. europe, and on to this market. look at this up 20%. glencore has been downgraded by s&p to one notch above junk status but still right at 16% and some of the banks are coming through as well. they had a bad start to the year. look at these. all up 5 or 6%. in the meantime we had companies reporting today. among them royal dutch shell and it's new partner bg. you see how some of these other oil groups are gaining partly on the results which is ing. but also because of the short coverin

the biggest dow drags, ge, boeing, caterpillar. you can see they're all off by 2% or -- caterpillar 2%, ge and boeing more than 2%. "power lunch" is back in two minutes. >>> shares of tjx bucking the down day. raising its dividend 24% to 26 cents a share. chesapeake energy soaring more than 20%, the biggest gainer in the s&p 500. the natural gas producer expecting lower capital spending for 2016 and says it will sell more assets worth between 500 million and $1 billion. and first solar, the second biggest gainer in the s&p 500, the stock soaring almost 13% here on the back of its earnings beat last night. >>> a check on the bond market on the back of the five-year auction at the top of the hour. let's go back to rick santelli at the cme. >> an intraday of five years and this is the old guy, mind you, real glif ly gives you the whol story. the sell-off afforded many to buy it at a much better level. now, we'll continue to monitor, but an important level nonetheless. let's go back to the beginning of 2015. see all the left side and r

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ >>> good morning. if you're just waking up, let's get up to speed on the overnight action. oil is up, the dollar is weaker. that's helping stocks around the world. the shanghai composite closing up 1.5%. the nikkei was the weak spot with the weaker yen. still, the strong commodities, weak dollar theme is helping europe this morning. seeing green across the screens. 1.5% for the ftse 100. german dax, 0.6%. all of that helping u.s. futures build on the gains we saw yesterday. the dow closed up about 183. dow futures up 80. we are still seeing gains. s&p 500 futures up nine. nasdaq up 25. the bright spot in today's trade, and really over the last 48 hours or so, has been the currency market, where the dollar is finally starting to really weaken. we're seeing big moves. half a percent today. almost 2% yesterday on the euro. all the way up to 1.1158. some relief for corporate america and the american economy, which has been hu

reporter: and now battling it out for asia's attention are the two big boyce in the industry, airbus and boeing. they fly into the singapore air show with airbus leading but the american company is leading counterparts in deliveries. the big squareoff will be in theed me-based jet space. that's where asian manufacturers are making their presence felt. the chinese 919 and the regent jets will be competing against the russians, canadians and brazilians. but with the global economy heading towards store speed, they'll have to make sure they're producing maximum thrusts to make sure it takes flight. sri jegarajah. >>> the nikkei's makita is there. e're still seeing gains in the equity markets. >> exactly. and it was a bit of a surprise. we'll talk about that later. starting with government figures released today show that japan's gdp marketed negative growth of an annualized 1.4% during the october to december quarter last we're. that was, as you said, worse than the 1.3 contraction economists had forecast. the largest factor that led to the drop was sluggish domestic demands which accounts were ar

boeing is responsible for a large part of. that cisco the only positive indicator on the dow at this moment. the s&p for its part is also sliding at this hour. it's been down all morning since the open. it is currently down 38 points from more than 2% t. in fact down as well. we will bring you back to capitol hill t. senate banking committee. fed chair janet yellen and senator elizabeth warren. >> and the fed has plenty of opportunities to hear from giant banks. it's good to hear from real people and get that reminder. thank you. >> i want to go back to another question here. as you know, dodd-frank requires financial institutions to submit living wills. these are the documents that describe how these banks could be liquidated in a rapid and orderly fashion in bankruptcy without bringing down the economy or meeting a taxpayer bailout. if the fed and fdic find those living wills are not credible, the agencies can take steps to reduce the risks posed by these banks by imposing higher capital standard, by lower, leverage ratios o

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ >>> welcome back to "worldwide exchange." an update on the zika virus. the first known case of zika transmission in the united states was reported in texas. the centers for disease control say the virus was contracted through sex and not through a mosquito bite. this comes just one day after the world health organization declared zika an international public health emergency. and that brings us to this morning's must-read in "usa today." the editorial board writing, quote, zika's dos and don'ts, our view. it's an effort to tame the fears surrounding this outbreak. they say the world health organization's language that the virus is spreading explosively in the americas and that the level of alarm is extremely high served to frighten more than illuminate the w.h.o., which initially slumbered while the deadly ebola virus was gaining a foothold in africa might be overcompensating for its bumbling performance in 2014 that cost

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ won't keep you up at night.n know you have insights from professional investment strategists to help set your mind at ease. know that planning for retirement can be the least of your worries. with the guidance of a pnc investments financial advisor, know you can get help staying on track for the future you've always wanted. all across the state the economy is growing,arts today. with creative new business incentives, the lowest taxes in decades, and university partnerships, attracting the talent and companies of tomorrow. like in utica, where a new kind of workforce is being trained. and in albany, the nanotechnology capital of the world. let us help grow your company's tomorrow, today at business.ny.gov >>> we're watching crude oil today. so is jackie with the futures now traders. >> crude oil is higher on the session although we did pair some of the gains after that inventory report. i'm going to start with you. million

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ lemonis: and so for the $1.5 million, i would want 45% of the business and 100% say on his path without any question from you. and so if i say this is his job and he doesn't like it, too bad for him. and i'm a lot harder than you are. mary: that's what he needs. lemonis: i want to pay off the mortgage. i want to ensure that the facility is acceptable and make sure that there's plenty in the bank so that you guys feel like you can take care of your family and your bills so that you don't ever have to feel like 2009 and '10 again. mary: i think i'm gonna cry. [ chuckles ] lemonis: does that help, mary? mary: yeah, absolutely. when banks turn you down and when people turn their heads on you, to know that somebody with your knowledge and experience believes in us and my son -- you're taking him under your wing. i'm ecstatic. -lemonis: we have a deal? -steve: we have a deal. mary: i'm supposed to do a round of applause now? -l

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ >>> welcome back to "worldwide exchange." we're all wearing red for go red today to raise awareness for women's heart disease. you'll see that all over cnbc today. we're also keeping a close eye on the markets ahead of the big jobs report, which could move markets and signal action for the federal reserve when it is released at 8:30. joining us with his expectations, david rosenberg, chief economist and strategist. good to see you. >> thanks, sara. >> will a good jobs number today help lift the spirits in this very depressed market? >> well, it's debatable, actually. i only say that because look what happened a month ago. we had a ripping number. and look what happened on the markets afterwards. there's a lot of other things going on right now between doubts over what's happening in china and emerging markets in general. southeast asia, the economies will are really tipping over. the oil prices obviously correlate with ev

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boeing winning a contract to update air force one. how much is it costing the pentagon? details next right here on "squawk box." it's hard to find time to keep up on my shows. that's why i switched from u-verse to xfinity. now i can download my dvr recordings and take them anywhere. ready or not, here i come! (whispers) now hide-and-seek time can also be catch-up-on-my-shows time. here i come! can't find you anywhere! don't settle for u-verse. x1 from xfinity will change the way you experience tv. >>> welcome back to "squawk box." air force one is getting a facelift. the pentagon announcing that boeing has won a contract to start working on a brand-new fleet of air force one presidential aircraft based on a 747-8 jumbo jet. the initial contract is worth $25.8 million. details about the total value of the new contract have not been released at this point. 25 billion? what can you buy with that? a couple of seats. right? how much does a 747 cost? hundreds of millions of dollars. >>> oil prices moving lower again. about opec be forced to cut production? boone pickens give u

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ ♪ no, you're not ♪ yogonna watch it! ♪tch it! ♪ ♪ we can't let you download on the goooooo! ♪ ♪ you'll just have to miss it! ♪ yeah, you'll just have to miss it! ♪ ♪ we can't let you download... uh, no thanks. i have x1 from xfinity so... don't fall for directv. xfinity lets you download your shows from anywhere. i used to like that song. >>> welcome back to "worldwide exchange." we're monitoring developments out of brussels this morning, where european leaders are holding overnight talks on britain's membership in the group. julia chatterley joins us live with the latest. how worried are the leaders about a potential brexit? >> reporter: i think there's always a concern here, sara, but at the same time, they're committed to reaching a deal that at least david cameron can go back to his u.k. voters with and say, this is how the relationship is going to change and hopefully this is how it's going to imp

. >> boeing one of the biggest gainers on the dow today and this comes at bogue ceo defended the company's accounting practices for a 787 dreamliner earlier today and that's just one week after reports surfaced that the s.e.c. was probing its financial projections. the ceo confirming nor denying the existence of any investigation and the s.e.c. has also declined to comment. guy, what do you do here? >> wait pore it to get to 120 and sell it again. jpmorgan downgraded the stock and took the price target from 142 down to 120. if you remember for a long tim 120 was the level we talked about being support and broke through there and traded down to 102 and change i think over the last few sessions on huge volume. i think it does get back to 120. i think people will cover it up there and if you're long you sell it there and if you have the temerity to put things and put it on a short position. in my opinion where there's smoke there's fire. >> what people are misunderstanding is what they are calling program accounting, kind of what's being called into question is incredibly complex, takes in he

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boeing, and boeing reports its orders, 223 in december. did something like 60 or 70 in january. the government reports it is down 29%. it's crazy. you got to weight it. the better number is the claims number. i want to turn to jim bullard. this is the high frequent data best ignored. the ism on manufacturing show decline. people talk about the manufacturing sector being in version. we had softness in the service sector. what's your outlook and how much concern do you have for the growth outlook for the united states right now? >> i think this year will be better than last year in gdp growth and baseline forecast that most people have are for a better year. last year was 1.7%, q4 gdp growth. this year people are in the 2 to 2.5% range. not a great number. we were talking about it earlier. pretty slow growth. because our trend growth rate is slower than it used to be. still a better year than last year. i don't see recession as particularly high. the stories i'm telling about declining inflation expectations being concerning do not have to do with the idea that i think the economy

. >> tell that to the plant workers at boeing in charleston, south carolina. tell that to the people that are selling caterpillar equipment from illinois. tell that to working families that will get higher prices when they go to walmart. this is not a serious person. he's fantastic at playing the role of a candidate, but as president of the united states, you can't disparage people the way he does. you can't insult people the way he does you have to have an economic policy grounded in solid conservative principles. he doesn't. >> let me go back -- >> you're not a trump guy anymore that would break my heart if you're defending donald trump. >> i'm just reporting here. >> you heard my views. >> you and he have the lowest corporate tax rate proposal, his is 15%, yours is 20%. i will give credit to both of you. he is on the growth side. about a year ago just looking at the clips, you announced, i believe, your super pac, it was about $100 million in it, that was the rumor. some people think you blew out governor romney with that announcement so he wouldn't come in

. >> mcdonald's had a nice run, but chevron, bank and boeing which has been troubled. >>> an hour to go. thanks for watching "power lunch." >> "closing bell" starts right now. \s >>> hi, everybody. welcome to "closing bell." i'm kelly evans. >> and i'm bill griffeth. a third day of gains for the stock market. pretty good gains, as a matter of fact. now, if we close higher today, this would be the first time this year we have seen a three-day gain for the markets. now, this one really gets my attention. if we were to close up by more than 1% on the s&p today, it would be the third consecutive day where the s&p has had a 1% gain. do you know we have not seen that in -- >> i'm guessing several years. >> since october of

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ ♪ lost shipments, international regulations, security breaches, lost revenue lost respect. well crafted solutions for today's problems in commerce. pitney bowes, the craftsmen of commerce. >>> yahoo!'s forming an independent committee of its board of directors to review and pursue the potential sale of its core business. in many ways formalizing something that the company's already said it would do after it released earnings a few weeks back. we had marissa mayer, the company's ceo, as a guest here on cnbc. sources tell me the company felt like that message was not fully received by the marketplace. there seems to be growing expectations that there may be another proxy fight mounted against the company's board of directors, perhaps by starboard to try to continue to push them on this process. if you recall, yahoo! has said it is pursuing a reverse spin of its core business. essentially leaving behind its 384 million sha

in less than a century, boeing took the world from seaplanes to space planes, across the universe and beyond. and if you thought that was amazing, you just wait. ♪ may not always be clear... but at t. rowe price, we can help guide your retirement savings. for over 75 years, investors have relied on our disciplined approach to find long term value. so wherever your retirement journey takes you, we can help you reach your goals. call a t. rowe price retirement specialist or your advisor ...to see how we can help make the most of your retirement savings. t. rowe price. invest with confidence. >>> oil has erased earlier gains, it's trading lower by 1%. jackie deangelis has the story. >> good morning. we're trading around $29 right now and struggling here after a little bit of a pop higher on those headlines that the russians and the saudi arabians have agreed to an output freeze. to get more context and insight on where oil prices are going and what the headlines mean, we're bringing in jeff grossman. the headline this morning initially sending us higher. now we're lower. people saying

caterpillar, boeing, cisco are the big dow winners. and the snap and nasdaq are also up. melissa not a bad day to start the week. >> we got bounce today, on friday, too. and over the weekend we heard reports that the people's bank of china would df its currentsy and the ecb who institute more stimulus. do you believe the bounce? >> melissa, there are a few reasons to think this bounce ob could be better than others we've seen so far this year. one reason is now negative investors have gotten. let's look. the american association of individual investors week' poll had fewer people sake they were bullish 18%. merrill lynch also saying today that fund managers in its survey have more cash than they had since 2001. flip side of that fear trade is a rush in to safe haven. we saw treasury bonds and gold increase last night. the second highest influx into gold funds in an the last six years. also, corporate earnings analysts are lowering the bar. this is a post-2011 low for basically downward earnings rescissions. all this put together means investor attitudes and expectations h

when the dust settles and you look at microsoft, boeing, jpmorgan, paying 3, 3.5%, with very good different coverage, i think investors will rush back into the names again. >> speaking of microsoft, wasn't to ask you about that one. an environment where in technology we're seeing valuation compresses, we also got data points, workday talking about the challenging business spending environment and concerns about a cloud war going on between google and amazon, and microsoft is in that fray too. the last time there was a cloud war, that weighed on margins. how much of these head winds are you concerned about on top of the general market sentiment, which is not in technology's favor. >> yeah, you know, those are all really good points, melissa. i think you look at the pullback in microsoft, actually, it hasn't been nearly as significant as some of the other names in that space. it has been about 13%. only 13%. you know, i think saca is leading microsoft and is really reinvag reinvigorated that company. when people are worried about dividends when you see conoco slashing dividends, look at the f

american express and walmart are duking it out to see who can be among the first and among the worst, boeing and caterpillar. >> you are working that wall, bill. >> i'm working the wall today. >> i'm upset you're not here but this is a pleasure to watch. the question for everybody, are we seeing a near term bottom in the market? we'll ask our chief economic adviser at allianz coming up. >> the department of justice filing a motion to compel apple to assist the fbi in unlocking that iphone one of the san bernardino shooters. is apple being unpatriotic by fighting this court order? we have both sides of this very contentious issue in a few minutes. >>> yahoo! shares are also moppimo popping after a strategic review committee has been formed. david faber will join us with his take on this. >> a new report out on oil demand, jackie has that story for us from the api, right? >> that's right. good afternoon. the api is reporting that crude saw the highest number of deliveries in january in eight years. it's not surprising with crude oil prices under $30 a barrel and national average for a gallon o