2005 for ibm. not to mention it was their worst pest arge loss -- percentage loss since the flash crash for ibm. now ibm is negative for 2013. liz: dell shares in the last 20 minutes, a "wall street journal" is telling them that sources that carl icahn doesn't want to buy the company or blackstone. dell shares sliding. >> two

roger kay, do you like ibm? >> yeah, i think ibm is a real solid company and a real solid stock. >> yes, google numbers are in. >> this is pretty unusual for them. >> who's got them. jon fortt, you got google? >> i do have google. it looks like revenues are just about in line at $13.97 billion versus $14.09 expected. eps is a beat at $11.58 versus $10.66 expected. google web revenue, that's their own ad revenue there, at $8.64 billion, right in line with expectations. network revenue at $3.26 billion. maybe a little light of expectations. next, i will be looking for motorola mobile revenues. those look like they're at about $1.02 billion. that is short of a lot of expectations. people were looking for at least $1.3, i believe. >> we're always waiting for cost per click, as well, right? that's the big famous one? >> yep, looking for that as well. >> david garrity, what do you think of these numbers from google? >> we have a trifecta here. all three companies have basically missed their revenue numbers. they might

we are seeing ibm shares down after hours. bill and suzy, back to you. >> seema, thank you very much. >>> joining us right now to talk about technology and where he thinks it's headed is chuck kamarez, senior technology expert at maxim up. welcome back. >> thank you. >> all three that reported night missed on the top line. they were light on revenue. does that worry you? >> no, i think these are cyclical trends. the technology companies are faced with the macroeconomic climate which is weak across the developed markets. and they're continuing to slow down including pcs and smartphones. and the service side of the business i think we are seeing hesitancy among the large corporate accounts. so it's more cyclical in nature than secular. >> you know, this has been a tough time for technology companies, technology earnings. and there are so many changes happening in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a broken company, so to speak. what i

we are seeing ibm shares down after hours. bill and suzy, back to you. >> seema, thank you very much. >>> joining us right now to talk about technology and where he thinks it's headed is chuck kamarez, senior technology expert at maxim group. welcome back. >> thank you. >> all three that reported tonight missed on the top line. they were light on revenue. does that worry you? >> no, i think these are cyclical trends. faced with the macroeconomic climate which is weak across the developed markets. and they're continuing to slow down including pcs and smartphones. and the service side of the business i think we are seeing hesitancy among the large corporate accounts. so it's more cyclical in nature than secular. >> you know, this has been a tough time for technology companies, techny earn and there are many chapping in space. and you see any leyou kne rling e tech sector. now it's, you know, kind of a broken company, so to speak. what is it, shook, that defines what makes a winner in the technology space versus an also ran? >> a

we are seeing ibm shares down after hours. bill and suzy, back to you. >> seema, thank you very much. >>> joining us right now to talk about technology and where he thinks it's headed is chuck kamarez, senior technology expert at maxim group. welcome back. >> thank you. >> all three that reported tonight missed on the top line. they were light on revenue. does that worry you? >> no, i think these are cyclical trends. the technology companies are faced with the macroeconomic climate which is weak across the developed markets. and they're continuing to slow down including pcs and smartphones. and the service side of the business i think we are seeing hesitancy among the large corporate accounts. so it's more cyclical in nature than secular. >> you know, this has been a tough time for technology companies, technology earnings. and there are so many changes happening in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a bren company, so to speak. wha

ibm. there's a lot of noise somewhere else. but i haven't seen ibm miss on the revenue side. to me, it's a significant miss. again, if you were waiting for ibm to bail out the s&p tomorrow, you might have to look for something else. to me, google is its own animal. ibm specifically given the move we've had now, given the afterhours move in terms of the stock. now we have to be careful. we'll talk about s&p levels later. the fact that ibm traded up to 215 and traded, you can make an argument double topped there. sort of scared me a little bit. >> i don't think the street is surprised that ibm missed on the revenues. they've been telling you all along they're going for a more d this is a company that never misses. so missing on eps slightly, that's different. the stock is a big deal. ran into resistance at 215. although it reinvented itself, it's running into software pressure. the irony is the hardware came in weaker, selling the x-86 business is a big driver for these guys. it's a stock th

we are seeing ibm shares down after hours. bill and suzy, back to you. >> seema, thank you very much. >>> joining us right now to talk about technology and where he thinks it's headed is chuck kamarez, senior technology expert at maxim group. welcome back. >> thank you. >> all three that reported tonight missed on the top line. they were light on revenue. does that worry you? >> no, i think these are cyclical trends. the technology companies are faced with the macroeconomic climate which is weak across the developed markets. and they're continuing to slow down including pcs and smartphones. and the service side of the business i think we are seeing hesitancy among the large corporate accounts. so it's more cyclical in nature than secular. >> you know, this has been a tough time for technology companies, technology earnings. and there are so many changes happening in the technology space. and you see a company like apple once, you know, the darling of the tech sector. now it's, you know, kind of a broken company, so to speak. w

>> we own ibm and made nice money in ibm. we trimmed it a couple weeks ago. i would love to buy it back at $200. that's the one i like. i wouldn't get back with microsoft. google, wait for a pullback. that stock is volatile and i'm waiting to see the metrics like costs improve and a lot of their operating leverage. >> google has pulled back from $840 to $768. it's a pretty decent sized pullback, number one. number two, it's sitting right at the longer term trend line. if it's going to bounce, it would bounce here. i agree with stephanie, i think this is an important quarter for google to allow our fears that the advertising component so important for google, not so much the funny stuff -- >> you're not waiting for the self-driving car? >> five years from now that may show up in earnings. stephanie is right, google is kind of a show-me. that being said, i hope they kill it tomorrow because i would buy it. >> paper click or the amount per click for ya he was down 7%. if that's a read-through for google, that's a two, that's a seven, that's a six. so that's 7% d

ibm has increased the dividend 17 years in a row. i want to see if they do something on the dividend today to make up for the shortfall. you can see already after hours, david, they're trading almost maybe below 200 instead of 207. david: right. we should emphasize, by the way, the previous three quarters have shown declines as well, 3%, 5% and 1%, and that 3% -- >> in revenue. david: right, exactly. that 3% pop, that was absolutely at the top end. the street was seeing a .1% pop, deb in addition. >> yeah. david: so the expectations were not that high, but as you see, the market is trading down after hours. tim mulholland, what do you make of these numbers? >> well, it's a bad miss. you know, i think the market was going to give a pass, but that big miss is something. again, ibm's been hurt by the foreign exchange and also really they've been hammered pretty hard from the weakness in europe as well. so i think we've got to really listen -- yes, it's bad, but we've got to see the forward guidance that the company gives. but that was a

>> losses and ibm are very steep. mcdonnell's losses are causing the dow 120-points, and that is why we have the nasdaq hire in the s&p hire. the issue on mcdonald's is simply their profit makes -- missed expectations. same-store sales are down. so much competition. and ibm is very rare. profit and revenue mix to that company. stuart: the left-hand side of your screen. police activity all around the washington area of boston. i should remind you. the university closed and the schools close, many offices closed, transportation shutdown. largely boston locked down today as they hunt for the remaining terrorist. now let's bring in steve forbes, forbes media channel and editor in chief. look into the program. now, what do you make of this? earlier saying that the whole terror incident, it introduces a dark and somber mood to america. do you agree with that? >> yes. not quite what they are if you think of a good safety. reminds me in terms of looking at history, the movement in the late 19th century. terrorists in europe a

for ibm's earnings? negative revisions and positive revisions? if you're saying watch ibm and how it reports, has the bar been lowered enough so ibm can come out and beat? >> well, ibm, i think they had a strong report last quarter. they have an international presence, could be a problem for the stock and how the market perceives it. but what we've seen in revisions in the last month, companies that generate a hundred percent of their revenues in the u.s. are evenly matched, positive and negative. companies that generate -- >> sorry, breaking news. back to scott wapner at headquarters. >> what we have now is a press release from jcpenney. the news is as follows. mike you'llman is the one coming back to take over as ceo. he was the man that ron johnson took the job from. he's being named the interim ceo. he's in his mid 60s, so it's an interesting move for him to come back. he says, and these are some comments attributed to mike you'llman. while jcpenney has faced a difficult period its legacy in american

let's take a look at ibm. big dow component and has been facing more and more competition in its space lately. analyst estimates call for $3.05 here. that is for eps. that is up about nearly 10% from a year ago. revenue expected to come in around $24.7 billion. a little change from last year. this has, however, beat every quarter for the past four quarters. as for the stock, well, it hasn't been that different from the broader market. rising, as we can see, year-to-date, 8.5% year-to-date. so, you know, as i say, not that different from what the broader market has been doing. we are watching after the bell for those three. back to you guys. >> yes, we are. thank you, mandy. see you later. heading toward the close, 15 minutes left. look at this, down just 68 points. what do you think? can we go neutral here at the close? >> maybe, we'll see. that's why you've got to stay all the way to the end of the show and watch. >> you're supposed to make the prediction here. >> yes, yes. major arverages are on track fo the

the at&t and ibm worker fall in that category. west end, they can talk more and bay back do a lot of that work already. a lot of these companies use those entities to help their workers keep their skills fresh so they don't lose their employment. >> so all 1430 employees on that line are currently employed. are they all employed at at&t and ibm and they are all 40 and over? >> i think it's more of a diverse range. they will come up towards the end and talk a little bit more about that piece of it. >> but that was one of the grant requirements that we had with the h 1b side. i want to talk a little bit about the demographics and who we are serving. just from a racial ethnic perspective, i think we've worked really hard to have as much diversity. i have had an opportunity to go to a lot of these companies and see and talk to the individuals there and so when you look at our demographics just to show a little bit of how we compare. when you look at the national make-up of the it industry, latinos make-up 5 percent, right now we are a

despite an 8% plunge in shares of ibm. they would have been eight points higher without ibm's slide. >>> the taxman will issue furlough notices saying the agency will be closed five days in the next four months with unpaid leave of the because of sequester. a 6th and 7th day may be added in august and september. >>> philadelphia's third annual tech week is kicking off in a big way, very big. resurrection of atari's very first videogame, pong, will be played at large on the mirrored facade of a 20-story skyscraper. the tournament kicks off at 8:00 p.m. that's the latest from fox business, giving you the power to prosper @ david: back to boston now. law enforcement officials have suggested that folks in boston and many of its western suburbs stay home as they search for the missing terror suspect but, some bostonians did go to work today including our next guest. he is ihs senior u.s. economist. greg, where are you exactly? what part of boston? >> i'm in lexington, just 20 minutes outside of boston. david: okay. how man

google, microsoft and ibm. we will preview all three of them next. ♪ [ female announcer ] you're the boss of your life. in charge of long weekends and longer retirements. ♪ ask your financial professional how lincoln financial can help you take charge of your future. ♪ but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. >> here we go. big tech earnings edition of the power run down. three big teches going after the bell tonight. guys, let's off with google. >> google's got an interesting quarter. because for the past few revenues, like cost per cliff declines. >> revenues are increasing. >> some people are worried that mobile is their

i'm trying to get to ibm, can i go from low capex, low data center billout to a problem for ibm's earnings? >> well, we do have a cautious rating on ibm. i think ibm -- they've done phenomenal with respect to expense management and revenue mix migration to the higher end software and services. there's no revenue growth. this is roughly $110 billion annual technology company that on average for the last five quarters have declined about 1.5% year-over-year. so there simply isn't more revenue growth in the high end. and at the end of the day, we think tech investing is all about growth. a lot of people want to prematurely forecast the death of tax. we're certainly not in that camp, but we would not go with ibm technology here. >> let's talk about a space that may be becoming commoditized. at least the stocks may be saying they are. emc, i think f5 next week. given the huge run-up the stocks had a year and a half ago, where are you now on some of the cloud names, f5 specifically? >> well, we do have a buy rating, i would say it's more of a lukewarm buy. you know, we've uncovered some data ove

slowdown we've got a real trend, ibm and xerox. ibm is down 10% the last two days. >> that really sizable move. that's going to set the tone for this market. when you see ibm, a company of that size, take such a big hit. all right, bob. we'll be watching. thank you so much. >>> what could send this market higher tomorrow? we certainly saw a reversal of fortune today. we'll check in with our panel of wall street's top money pros, giving you a leg up. that's next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. but at xerox we've embraced a new role. working behind the scenes to provide companies with ser

you mentioned ibm. that is a stock we like. we like companies trading at inexpensive multiples on earnings. ibm at 11 times forward earnings and we like companies generating lots of cash and rewarding us with dividends. ibm is a perfect example of that. nice dividend payer. company will continue to grow in our mind over the next several years even if growth was a little disappointing in this last quarter. liz: john, david, thank you. scott, we'll check back in with you in just a few minutes to see how the s&p futures close. david: i would think zynga is aways away from giving a dividend, would you? liz: that will probably be a while --. david: a while away. liz: never. amazon acquired 12 companies in the last three years the dow and your company want to be next on the list? we are breaking down the key things you need to know and do to be bottom out by amazon. -- bought out. david: the change of heart. he is ranked among the top financial advisors by "baron's" magazine. owe is widely known as a bond investor but he is changing

ibm. make no mistake, we are on thin ice. we certainly cannot make -- have any more hiccups in this economy connell: let's talk a little bit. thanks for checking in. we lost the satellite shot, so we continue the live press briefing, what you're seeing an the other side of your screen is set to get under way at any moment. once it starts it will include the police commissioner. we will bring it to you live to see if they have any new developments from watertown. you mentioned being impressed by the market's. other times we would be focused much more. talking about an all-day. once we get through this will will the main focus be next we? >> i think willie close watching these are new reports, a lot of stocks that have made big moves, a cliche. one likely they will get every single one of the somewhere down the road. giving some of that back. connell: some individual opportunity. >> this is when you sort of let the earnings season go by, take a lot of notes and wait for the dust settle. everything i am seeing is normal reaction

ibm, the expectations weren't low. we said last week, we sold ahead of ibm's quarter. i thought for sure i'd be able to buy it at $200. it's at under $190. so for sure there are -- it's all about relative expectations. but i want to talk about the conference call. cat is saying okay things about the u.s. boise cascade raised levels. j & j talked about good consumer marking trends. there are pockets we're hearing from these companies that aren't so bad. >> simon, what do you do in the market today? >> it's tough. the big question going forward is the siccals versus the staples. the industrials were up 7.5%. the staples up 17.5%. going into earnings season with the technology stocks, this could lead us out of here. we're going to talk about it later, about apple, google, amazon -- >> you think tech? >> i think tech could lead us out of it. they could lead us out of here -- >> industrials are going to be the story tomorrow. everybody's talking about apple. apple clearly getting all the conversation with its report after the bell tomorrow. how about the industrials tomorro

ibm had its worst day in 8 years following disappointing earnings. the stock sold off 8% friday, losing $17. even with the big blue move, the blue chips closed up 11 points. the nasdaq gained 40 and gold eged up $8 friday, but was down 7% for the week. oil added 13 cents. also in focus, trading volumes, which were down significantly friday as people in the financial industry living in boston stayed home during the manhunt for the boston bomber. scott bauer of trading advantage gets the ball rolling for us on this monday morning. hello to you. - good morning angie. - what are you looking for this week? we have g20 behind us, but what's ahead here? - you know, at the end of last week on friday, we actually saw, let's call it, a break in the action. it was an options expiration day, ibm was down 8%, ge was down 4%, yet, the broader market, the overall market, was actually up. so i called it a breather day in the midst of everything that we have seen. i would expect more volatility coming up. we saw the vix at the end of last week actually tick under 15.

ibm hit hard, down 6 of%. google down 0.5% after it struggles with what one analyst calls an acceptable first quarter. microsoft higher by 3.3%. sap posting weak first quarter results, as well. shares down about 1.6% on the back of that. here is a look at the bond space this morning. you're seeing a little bit of a sell-off. yields back up to 4.65%. italian debt continues to rally as that country moves forward with its presidential election. the german bund is selling off a bit, so about 1.25% is what's happening there. the euro/dollar is about 0.2%. consistent with the better performance of equity these morning. the aussie/dollar continues its strong performance despite the concerns we've seen emanating across did commodity complex this week. the dollar/yen, jumping and look at this, 99.28. so we are getting ever closer to that is 00 mark. up about 11% today. the sterling/dollar rallying, too. some of the world's biggest money managers have been meeting at the russia forum. taking a closer look at the best pl

ibm was lower last time that i checked. google and microsoft were htly higher. >> all right. >> jackie, thank you. >>> we'll go right to brian westbury, first economist with first trust advisers and the joining us shortly the president and ceo of steffel nicholas. >> never, never, never. >> earnings are beating 4-1 most of these companies. >> yeah. >> revenues are lousy. revenues are coming in below, but if i had to choose in terms of the rate of return on equity, which is what moves the stock market. >> right. >> the rate of return on equity capital, i think earnings are a whole lot more important than ref knew. i know the economy is soft. therefore revenues is soft. why aren't earnings much more important? why is wall street so obsessed with the revenues? >> the good news, larry, is that even though they talk about the revenue a lot and complain a lot about the revenues, the stock market -- we hit all-time highs this year, and we're up basically for four years in a row now, and that tells me that underneath all of this co

higher than the yield of some of its peers in the technology space, including google, microsoft, and ibm. keep in mind these numbers are subject to change. just stepping back for a second on what the apple bond means, fixed income investors don't really have exposure to apple today. in other words, this issuance will give apple exposure to new class of value investors. and that's perhaps one of the reasons it's being well received by the street. susie, back to you. >> notch. seema moda reporting from the nasdaq. now joining us for more, art steinmetz, chief investment officer at oppenheimer funds. you heard our report from seema. this was the talk of the day all about apple. from what you know about this deal, does this make sense? >> well, for who? for apple or for the investor? it certainly makes sense for apple. they have transitioned from being a growth company to a value company over the last few years. what apple doesn't seem to have in the pipeline right now is a lot of blockbuster growth ideas. but what they certainly do have is enormous amounts of cash on hand and enormous cash

ibm is actually lower. >> i don't think you need to be there. i think hardware is going to be a lead balloon on this stock. >> next up, google here. guy. >> the problem with saying buy is you're going to see significant moves to the down side but since 2008 or so you've seen some incredible moves to the down side that flushed people out. but here we are at 820, within 20 bucks or soft all-time high of the stock. i think it's still slow and steady wins the race. valuation, it's not rich. the moves are going to be dramatic but i think at the end of the day the moves are going to still be higher. have a drink out there at the end of the day but i'm a buyer of google. >> if google was the atm for apple shares or vice versa, if apple was the atm for google shares on the way up, can we have both rise? because liked apple. >> no. i'm going to say it's a sell. this is where guy and i are going to disagree. i'm watching the margins compressing now for google. google in my opinion this is a one trick pony. they've done a great job in search forever with t

ibm weighs heavily on the dow. and although stocks finish higher on the day, it turns out to be the worst week of the year. and that mood permeated seemingly everyone as a massive manhunt in boston played out in front of o very eyes like some television drama. this is "nightly business report" for friday, april 19th. good evening, everyone. i'm susie gharib. my colleague tyler is off tonight. while the big story today boston, all around the country, everyone was consumed by the massive manhunt in and around boston for the surviving suspect in the boston marathon bombings. americans at work, at home, and even on the trading floors on wall street were glued to television sets for the latest news, but business did carry on. on wall street, stocks rose slightly on light volume, but three major stock averages ended with their worst week of 2013. by the closing bell, the dow was up ten points. the nasdaq gained 39. and the s&p 500 added 13 points. for more on the story and the mood of investors this week, we turn now to

ibm weighs heavily on the dow. and although stocks finish higher on the day, it turns out to be the worst week of the year. and that mood permeated seemingly everyone as a massive manhunt in boston played out in front of our very eyes like some television drama. this is "nightly business report" for friday, april 19th. good evening, everyone. i'm susie gharib. my colleague tyler is off tonight. while the big story today boston, all around the country, everyone was consumed by the massive manhunt in and around boston for the surviving suspect in the boston marathon bombings. americans at work, at home, and even on the trading floors on wall street were glued to television sets for the latest news, but business did carry on. on wall street, stocks rose slightly on light volume, but three major stock averages ended with their worst week of 2013. by the closing bell, the dow wa up ten points. the nasdaq gained 39. and the s&p 500 added 13 points. for more on the story and the mood of investors this week, we turn now to

but higher than the yield of some of its peers in the technogy spac including google, microsoft, and ibm. keep in mind these numbers are subject to change. just stepping back for a second on what the apple bond means, fixed income investors don't really have exposure to apple today. in other words, this issuance will give apple exposure to new class of value investors. and that's perhaps one of the reasons it's being well received by the street. susie, back to you. >> notch. seema moda reporting from the nasdaq. now joining us for more, art steinmetz, chief investment officer at oppenheimer funds. you heard our report from seema. this was the talk of the day all about apple. from what you know about this deal, does this make sense? >> well, for who? for apple or for the investor? it certainly makes sense for apple. they have transitioned from being a growth company to a value company over the last few years. what apple doesn't seem to have in the pipeline right now is a lot of blockbuster growth ideas. but what they certainly do have is enormous amounts of cash on hand and enormous cash

look back on ibm's earnings on thursday. they had the huge disappointment, fell off in after-hours, bill sell-off on friday. didn't do very well yesterday. kind of had a relief rally today, but i think those are the kind of stocks that investors are looking at. ibm has had a remarkable 75% correlation with the market. when apple's had good earnings, the market goes up the next five weeks. when ibm has bad earnings, the market falls. so i think you've got to watch kind of where you're, you know, where you're looking at here. but that ibm thing is telling a story, very interested in the presentation we just got from julia too and i'm wondering how that's going to meld in with apple's earnings as well. >> david, where do you want to be in this market? how do you want to be positioned, knowing what we know, whether it's about the federal reserve, about the global economy, which is sort of bumping along the bottom? >> we're still constructive ton stock market. we're favoring equities both in japan and in the united states. we thi

ibm weighs heavily on the dow. and although stocks finish higher on the day, it turns out to be the worst week of the year. and that mood permeated seemingly everyone as a massive manhunt in boston played out in front of our very eyes like some television drama. this is "nightly business report" for friday, april 19th. good evening, everyone. i'm susie gharib. my colleague tyler is off tonight. while the big story today boston, all around the country, everyone was consumed by the massive manhunt in and around boston for the surviving suspect in the boston marathon bombings. americans at work, at home, and even on the trading floors on wall street were glued to television sets for the latest news, but business did carry on. on wall street, stocks rose slightly on light volume, but three major stock averages ended with their worst week of 2013. by the closing bell, the dow was up ten points. the nasdaq gained 39. and the s&p 500 added 13 points. for more on the story and the mood of investors this week, we turn now t

ibm reiterates full year operatings earnings 15 to $16 a share. services backlog of ibm at $141 billion, up 1% from a year ago. that will do for such a huge, huge base number. back to you you, melissa. melissa: good stuff, dennis, stay where we are. we want to talk bout more tech and apple as we said it closed at $390. that is the lowest since december 20th of 2011. the company reports earnings next tuesday. investors are dumping the stock on rumors that it will come in worse than expected. here's a stat for you. when apple was at the all-time high in september of 2012, it accounted for 5% of the s&p 500. today it is down almost half of that just about 2.8% of the index. let's bring in todd hazelton ton. welcome back to the show. let's talk apple first. what do you think about the dive in apple? >> you know i'm not surprised to see it because the problem with apple it has been way too quiet recently. we need to see innovation and need to see products in the market. htc and samsung releasing their major flagships now. samsung came out yesterday. se

. >> and the case for ibm even though the stock is under pressure. we're tackling the post game analysis set up for tomorrow. first let's get to big movers. that is shares of netflix. huge pop. now 25%. we are live from la with the latest on this. julia? >> reporter: 25% higher after hours and guided higher than expected. the company reported stronger than expected addition of 3 million streaming subscribers. guidance for the current quarter also beat projections, but the range is incredibly wide. but perhaps most important, netflix's investment in original content seems to be paying off. house of cards had a high level of engagement, adding that it's able to target the right audience in a cost effective and efficient way. the second original series was viewed by more members globally in its first weekend than house of cards was. >> i think they have another quarter of this and then i think if they continue to do this in the september and december quarters, i throw in the towel if i'm wrong. -- sequentially 16 million dollars. that is unsustainable.

microsoft, google, ibm. stay tuned. we have them for you. ♪ we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and at's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ hey everybody, hi mom... streaming live with a tour of my new place... knowing you can still reach out. ... and now you've seen it. that's powerful. verizon. get mom a lucid 2 by lg for free. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the oions floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim from td ameritrade. ♪ liz: we are going straight to nicole petallides. she's at the new york stock ex

why is there less revenue for ibm? some technology models are changing, you can buy so much more by -- my belief that we have entered an era where business is becomg less challenge intensive. and what you get is entrepreneurial company ceos saying, i wonder if there is a way could do this without investing my money, a cloud-based way or out sourced kind of way to make it happen, this is a different economy. >> i was thinking about how low rates are, a weird way. that reinforces the banky behavior. they are running with this bubble or whatever you top call it, enjoying every minute of it. >> they have so much cash on hand customers are almost irrelevant. they can get it from treasury when they want l risk in portfolio, borrowing to them is sort of an after thought at this point, butany of the businessesnese more cash then before, they have got to invest 3 this. that is only way they will keep middle in in. and upper america running. they have to hire, and invest now they are caught in middle. >> thank you so much great

melissa: time to make money with charles payne looking at technology with stock price pick ibm. >> ibm. back off what phil said thursday. it's almost a fore gone conclusion they cut, but the street's lacking for 50 basis points or hoping for it, why goal is moving. it's a fore gone conclusion. there are four companies i call "never sell," in other words, if you do a portfolio, never sell, ibm, mcdonald's, nike, and boeing. there's global competition, and never sell. if it's not in the portfolio, particularly, looking at a conservative portfolio, two times sale, 3.40 diff dividend, it's sloomly, brake nations, but if you take back what's holding them back is hardware, and selling the service division, also going to get rid of people, unfortunately, but that's going to save them money. this is one of the stocks that took a hit, and i think now is the time for people who want something conservative and want to sleep at night, this is one of those names. lori: ibm making a chunk of the dow gains today. it's considerable. given that, stick with it? >> stick with it. the earnings miss last w

exxon, at&t and ibm. >> ibm had real troubles. >> i don't think they missed on their numbers necessarily. there are some troubling things some people saw. exxon home up 69 cents. >> earnings continuing to help with s&p. the next guest says the lack of revenue growth is concerning. joining us is chief investment officer for wealth and management of barclay's in the america. you're absolutely right. a lot of companies missed, including 3m and dow chemical. revenue was lighter than expected. they were able to beat in terms of the bottom line. what's going on? >> we should not be terribly surprised. we figured the first half of the year would be slow. and you think about it, on the 15th day of this year, we had a tax increase, right? so it hit everybody. what was remarkable about this, the first look at retail sales number were very good. and they were revised lower. and they should have been. it's hard to believe the numbers were as good as they were at first plush. this is playing out the way it should. this should be a slow first half. and it should pick up in the second half. >> some of

why is there less revenue for ibm? some technology models are changing, you can buy so much more by -- my belief that we have entered an era where business is becoming less challenge intensive. and what you get is entrepreneurial company ceos saying, i wonder if there is a y could do investing my money, a cloud-based way or out sourced kind of way to make it happen, this is a different economy. >> i was thinking about how low rates are, a weird way. that reinforces the banky behavior. they are running with this bubble or whatever you top call it, enjoying every minute of it. >> they have so much cash on hand custors are almost irrelevant. they can get it from treasury when they want low risk in portfolio, borrowingohem is sort of an after thought at this point, but many of the businessesnese more cash then before, th have got to invest 3 this. that is only way they will keep middle in in. and upper america running. they have to hire, and invest now they are caught in middle. >> thank you so much great job, guys we appr

why is there less revenue for ibm? some technology models are changing, you can buy so much more by -- m bief that we have entered an era where business is becoming less challenge intensive. and what you get is entrepreneurial company ceos saying, i wonder if there is a way could do this without investing my money, a cloud-based way or out sourced kind of way to make it happen, this is a different economy. >> i was thinking about how low rates are, a weird way. that reinforces the banky behavior. they are running with this bubble or whatever you top call it, enjoying every minute of it. >> they have so much cash on hand customers are almost irrelevant. they can get it from treasury when they want low risk in portfolio, borrowing to them is sort of an after thought at this point, but many of the businessesnese more cash then before, they have got to invest 3 this. that is only way they will keep middle in in. and upper america running. they have to hire, and invest now they are caught in middle. >> tha you so mh great j

why is there less revenue for ibm? some technology models are changing, you can buy so much more by -- my belief that we have entered an era where business is becoming less challenge intensive. and what you get is entrepreneurial company ceos saying, i wonder if there is a way could do this without investing my money, a cloud-based way or out sourced kind of way to make it happen, this is a different economy. >> i was thinking about how low rates are, a weird way. that reinforces the banky behavior. they are running with this bubble or whatever you top call it, enjoying every minute of it. >> they have so much cash on hand customers are almost irrelevant. they can get it from treasury when they want low risk in portfolio, borrowing to them is sort of an after thought at this point, but many of the businessesnese more cash then before, they have got to invest 3 this. that is only way they will keep middle in in. and upper america running. they have to hire, and invest now they are caught in middle. >> thank you so much

microsoft, ibm, all are doing well. all the tech stocks are doing well. in fact it is the largest sector gain of all the four

why is there less revenue for ibm? some technology models are changing, you can buy so much more by -- my belief that we have eered an era where business is becoming less challenge intensive. and what you get is entrepreneurial company ceos saying, i wonder if there is a way could do this without investing my money, a cloud-based way or out sourced kind of way t make it happen, this is a different economy. >> i was thinking about how low rates are, a weird way. that reinforces the banky behavior. they are running with this bubble or whatever you top call it, enjoying every minute of it. >> they have so much cash on hand customers are almost irrelevant. they can get it from treasury when they want low risk in pofolio, borrowing to them is sort of an after thought at this point, but many of the businessesnese more cash then before, they have got to invest 3 this. that is only way they will keep middle in in. and upper america running. they have to hire, and invest now they are caught in middle. >> thank you so much great

why is there less revenue for ibm? some technology models are changing, you can buy more by -- my belief that we have entered an era where business is becoming less challenge intensive. and what you get is entrepreneurial company ceos saying, i wonder if there is a way could do this without investing my money, a cloud-based way or out sourced kind of way to make it happen, this is a different economy. >> i was thinking about how low rates are, a weird way. that reinforces the banky behavior. they are running with this bubble or whatever you top call it, enjoying every minute of it. >> they have so much cash on hand customers are almost irrelevant. they can get it from treasury when they want low risk in portfolio, borrowing to them is sort of an after thought at this point, but many of the businessesnese more cash then before, they have got to invest 3 this. that is only way they will keep middle in in. and upper america running. they have to hire, and invest now they are caught in middle. >> thank you so much great jo

nicole: we're watching ibm, higher this morning, a name on friday dropped 8 1/4%. the biggest drop ibm has seen in three years, and the worry is about the growth prospects for the company for 2013, as you noted, it shaved off over 100 points on the dow on friday. stuart: i don't want to grind my ax, but i have a task for you. can you tell me why in the next update, were microsoft opened 50, 60 cents higher. nicole: yeah. stuart: now it's up 70 cents. and perhaps you can tell me in the next update what is up with my stock. dow jones industrial average is up, that's not a bounce. and caterpillar is the indicator. profit was lower than expected, and demand for equipment and mining equipment dropped. not good news for the stock, but it is up a little bit, okay? $81, up 80 cents on caterpillar he, very interesting. you've got to look at gold prices. on the rise this morning. this brings in peter schiff. peter is the ultimate gold bug, doesn't mind calling him that. i want to know, peter, have you ever put out a sell on gold? >> no, i mean, i've been buying gold for 13 y

and that's what you expect from apple, from somebody like ibm, who reinvented itself. when hardware looked like -- it wasn't a money-making operation. they reinvented themselves as a service company,ing too so well they had all this cash. instead of expanding further they're returning money to the stockholers. it's good but just say much about the state of the economy or american business. i don't like it. neil: thanks very much. 20 minutes away, fox business. in the meantime, implementing the healthcare law is getting harder to figure out. >> puts more of a burden on us, and it's ironic, since all these folks say they believe in empowering states, that they're going to end up having the federal government do something we'd actually prefer states to too if they were properly cooperating. >> neil: apparent live the state of georgia is not cooperating. governor, i think he was singling you out. >> well, i'm not by myself. over half of the states are in the same posture that georgia is in, and that includes seven democratic governor state including the president's own sta

ibm is the stock market today. that cracking on friday got a lot of people very alarmed. >> it's a bellwether perhaps. >> sue, apple has moved higher today. and it is currently trade iing stock is, of course, of 705 a share. >> tiler, that's a pretty staggering job. they were looking at 42.5 billion $s in revenue. and apple sold almost 48 million units. about 8% and eps 15 to 18 million units is where they expect it to come in. >> sue earlier mentioned the shares of microsoft getting a bit of a pop today something like 4% as the tech giant has got a new investor. what's the back story here? that's a little less than 1%. they are saying right now they will not get too involved unless they get unhappy with microsoft direction. pushing for changes there. they will have to see what happe happens. >> all right. thank you very much. sue down to you. take a look at that chart. josh is our trade detective on this one. as you said, more interestingly maybe is the stock. the analysts flagged this one for us. a blink of an ey