Tyler, defense spending down. After reporting descent guidance and returning lots of cash to investors, saying quote i cant recall a time of greater uncertainty. Raising guidance but none of the companies are factoring in possibility within extra half trillion in cuts kicking in in march. Pentagon spending, as you can see, never 22 . Cuts included 43 cuts to ships. 90 percent in weapons support. But look, 64 jump in missile spending. Good for lockheed and raytheon. We have an attack inside syria. Expecting International Sales to grow over 10 this year. But book it bill is quote under tremendous pressure. Anything close to 1 is concern. It is hard it kre re krut quality talent to build the best weapons system in the world with this budget uncertainty. Sue . Thank you very much, jane. Breaking news right now, another auction, 7 sevenyear n, hi, hick. 2s and 5s had b after average. On 7s, 1. 416. Where is the wi . 141 bid offer at 141 1 2. You could say it was around 1. 407. We trailed about three quarters basis point on this one. Not good. We saw slightly below 40 at 38. 2 on the indirect. Only thing stronger with direct at 19. 7. It gets to see 99 billion in supply out the door. Time to concentrate on fundamentals like gdp and the market. Sue, back to you. Good to see you as you always. Always a measure. What is the market telling you . I think the market says, if there is any reason for the fed to back away, it is todays report. If there is any reason to push the sequester cuts further down the road, it is all today. They fully expect uncle ben to keep giving you the sugar. Yes. Keep the training wheels on. And the market likes that. I also sense massive frustration. Massive frustration, not just from individual investors but institutional investors. If there was anywhere to pull back bb it is today. And its not happening. Its setting its sights on 2014. Chief investment officers at j. P. Morgan, 870 billion, but whos counting. Riechards key advice. Stay in the market. Second, facing rotation investment challenges this year. And related to bond yields and emerging markets. Third, socalled fallen angels of the credit space. Welcome back it power lunch. We will take those things in just a moment. First, the gdp flash forecast. What do you say . I agree with mike on some of this. It sets up for a stronger First Quarter growth dynamic in the u. S. If you look through the data, and i know you covered a lot today. Consumption is up. Create will fearing in the firt quarter. If anything what we came into this year looking for an outlook, we have greater conservative to watch 1 or sub 1 percent growth. We may end up getting more growth. Let me get to a couple tick points we mentioned a moment ago. One is stay in the market. You pointed out, if you try to wiggle in and out last year you would have cost yourself money. I think a lot of it is discipline. Everyone wait together for pull back it jump in. If you started last year, you made 16 . If you waited literally until the pull back, and we got one in june, and invested, with you would make 13 . If you made for will allclear in july, he would have made 12 . Sounds like two positions for buy and hold. You need do both. We will delve about the great rotation and credit darlings. Prs is this for me or sue. Thank you, gentlemen. Thank you very much. We are talking about the long awa awaited. Research in motion, which we should note, add big run up in praise lightly is being hit with profit taking. Down better than 5 other two components on the outside. John pretty clean slate for rimm and that they are going to change their name it blackberry as well. Yes. That will take getting used to. Here is the first blackberry 10 phone thats out. Pretty sleek device. A lot of tnalyzz, both interus try analyst and stock analyst, positive on what rim rim has come out with so far. We will talk about next steps for them. Z10 arising in some markets. Comes to the u. S. In early march. Alicia keys has come on with rim, as creative director. We will see with what they add. Also, blackberry devices throughout the year. Not just this one, a keyboard and also trying to bring in lower priced blackberry 10 devices to expand the market. We will see if they are able to come out with those. Big question for me in this and affecting the stock longer term is which consumers will bite. Will it be the former core customer in the enterprise . Mainstream consumer . We will have to see, sue. Indeed. Thats a good question. Thank you very much. The question everyone want to know is whether the blackberry is a game changer. Joining us on the phone is senior tech analyst with ag. Nice to have you here. As i understand it, you did not think this would be a game changer from blackberry. Have you a neutral rating on the stock, why . These new phones are in new operating system are quite impressive. And a big upgrade. But the question is, is it different enough to stem the tied of defections to ios and android and also, is it enough to perhaps even bring some people back to the blackberry fold. So thats the thats the outstanding question. And from what youve seep so far, is the answer to either of those two question is he yesterday or is the jury still out . I think the jury is still out. It is meaningful improvement. Operating system is sleeker. It is also easier to use. It adds a lot of features with social networking et cetera but the question is, is it different enough. And will customers bite. So thats really still outstanding. So would you say this new device is the road to blackberries profitability or not . Well, thats really the tough question, right . The question was profitable a quarters back and sense then with the higher spending, also the much lower revenue, it is unprofitable. This new blackberry 150, frankly, that question is still unanswered. Neutral rating on the stock. Thanks so much for joining us. Rs. Quick programming note for you. If cnbc exclusive, sitting down with john fortt next on cnbc. Looking forward to that, sue. Thats not what anybody is talking about. Phil lebeau is in chicago. Phil . Talking about the comment from ceo jim, and comment about the dreamliner. We will have his comments next on power lunch. Like Northern Trust by your side makes all the difference. We add precision to your portfolio construction by directly matching your assets and your risk preferences against your own unique life goals. We call it goals driven investing. After all, you dont climb a mountain just to sit at the top. You look around for other mountains to climb. Expertise matters. Find it at Northern Trust. [ male announcer ] some day, your life will flash before your eyes. Make it worth watching. Introducing the 2013 lexus ls. An entirely new pursuit. In a declaration of reminiscent of douglas mcarthur, thats what boeing says while pledging a Fourth Quarter profit while topping Fourth Quarter estimates. Trading higher an 7439. Phil lebeau in chicago with the highlights. Phil . Thats when ceo started talking in the conference call. News about the 787 is the news worthy portion. They are standing about the 787. Vehemently standing by it. Suppliers have not been told to slow down. And they are confident in finding the problems. The dreamliner battery, lithium ion battery, and whether or not theyve had a higher than usual replacement rate. There have been reports in the last 24 hours about that. Ceo jim mcnerny says yeah, it is slightly above normal but theyve never been replaced. It is fit for the airplane. We just have to get to the cause of these incidents and well look at data as it unfolds. There is nothing weve learned that causes us to question that decision at under stage. They are sticking with linl yum ion technology. Revenue, by the way, coming in roughly in line with guidance. We want to show you one more shart here tyler. This is tyler over adc. Look how done the stocks have done. Clearly boeing under pressure because of the dreamliner grounded. But i have to tell you, listen together conference call, mcnerny expressing quite optimism they are working towards a resolution. And will the flying public be. Generally speaking, tyler, they will come back to the play plane. You look at d. C. 10 as an example. After that was grounded in 1979 following a series of crashes, was it still flown in the industry . Yes. Did you ever have people who did not book on it . There might have been some cases but the general feeling is the plane, if it is safe, people ultimately will get on board. And thats why once they get past this grounding, they believe that you know, this plane is measuring up to what they expected it to be for the airlines and itll be met with acceptance over the longterm. Phil lebeau. Julia boorstin is in los angeles with a preview of what investors are hoping to hear from facebook today. Hi, julia. Hi, sue. Wall street is optimism that facebooks Revenue Growth will accelerate and mobile is really in the spotlight. Analysts are expecting mobile ad revenue to make a leap from last quarter in comprised 14 of ad revenue. Reporting aroundings on 1. 53 billion in revenue and watching user numbers and after the launch of gift this past quarter. Investors are looking for guide guidance on nonadvertiser revenue. There will be listening on the Earnings Call for potential of the new graph search just introduced a couple weeks ago. Facebook shares gained so dramatically since the last earnings report, we will have to see if the company can live up to the hype and expectations. Sue . Julia, thank you so much. Appreciate it. Julia boorstin in los angeles. We are proud to say, that cnbc crossed a major med yurm. Since we cant think all of you individually, we are featuring your twitter handles on air throughout the day. Consider this your 15 minutes of fame. Thank you very much. An economic time bomb that keeps getting bigger. Scott cohen has a new report on student debt and it is a scary one. Hi, scott. Thats right, we have scary numbers coming up and a disturbing question a lot of people are starting to ask. Is a whole generation of consumers now starting out behind the eight ball . We delve into what coming up. Coming up, power lunch, startups give us their 60second pitch. And we give you insight into the past paced world of vep venture capitol. Are you in or out . Stay tuned to find out. [ engine revving ] [ male announcer ] every car we build must make adrenaline pump and pulses quicken. To help you not just to stay alive. But feel alive. The new c class is no exception. Its a mercedesbenz through and through. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. Executor of efficiency. You can spot an amateur from a mile away. While going shoeless and metalfree in seconds. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. Now this. Will work. [ male announcer ] just like you, business pro. Just like you. Go national. Go like a pro. And now to market flash we are very pleased to welcome our newest member of the family, market reporter, josh lipton. Welcome, josh. Thank you, sue. Er with watching young brands slip into the red. Downgrading the stock to market perform with a price target of 72 bucks. Knowing that china continues to investigate the companys chicken supply. Yum down some 10 in the past three months. Tyler, back to you. Josh, welcome as well. Great to have you with us. Credit Rating Company trance union releasing a five year study saying of the average student loan balance is more than 23,000. Scott cohen has defense. Trans union were economist, lenders and credit lenders, are concerned about how this could impact the credit of a whole generation of americans. Particularly when they face the worst job market of more than a decade. They are graduating and loans go into repayments and jobs are not there to pay those loans. Lets look at what the study found since 2007. It up more thap have all are in defersed std out while the other rower while others are still in schools. For the arts that arent concerned, delinquency rate is way up. Thats twice home mort begans and ten times the rate for credit cards. Delinquent skis, that has tougher standards pb declined to about 5 . We what we still dont know is how all this debt is affecting overall credit workiness of these borrowers. That is an area of very hot, very intense. Scott, i dont want to talk you too far afield from your immediate reporting but there are Immediate Solutions . Getting the job market improve, get people jobs and to look at the price of can college, which college is historically gets people jobs, the jobs arent out there. So it is getting that equation back into balance. But by golly, that is mill stone you have to deal with every single day. Right. And money that youre not using to spend on other things or borrow other things and that what the economists and Credit Ratings are about w. Lets look at private lenders in this place, shall we . That is down a and wells fargo, basically flat at 34. 02. Lets hope they sell that college cost issue before my kids and your kids get there, ty. I would really appreciate it. I know you would too. More Investment Advice from j. P. Morgans 78 billion man. He tells us what he sees for 2013. Are you looking for work . There may be opportunity in the marijuana industry. Yeah, you heard me right. Washington state is looking for a weed czar. We will explain when we come back. At fidelity, we do it by merging two tools into one. Combining your customized charts with leadingedge analysis tools from recognia so you can quickly spot key trends and possible entry and exit points. We like this idea so much that weve applied for a patent. Im colin beck of fidelity investments. Our integrated Technical Analysis is one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. [ male announcer ] when we built the cadillac ats from the ground up to be the worlds best sport sedan. People noticed. The allnew cadillac ats 2013 north american car of the year. For a limited time, take advantage of this exceptional offer on the allnew cadillac ats. Gold cloudy skiesing just under the 1680 level. But we have to see a level of 1700 an ounce to have new loans in this market. We saw a nice pop just about 10 or more just on the bad news of the economy, and that is for Fourth Quarter, that was good news for gold. Add to that fact that with that showing now some traders are believing maybe we will see more quantitative easing. Maybe see a continuation of lower rate. That what they are watching right now. Also where silver is, the best in the metals complex. Right now silver coin sales are going gang busters. The gld will tell you you that investment demand not so strong. We are seeing a pretty steep decline for the month of january. Good to see you, sue. Good to see you sharon, too. This is a puzzle. Which son a normal day with normal volume should have taken the market down. Couple mun point. Right ander with down 6 1 2. Are february, thats not going to end its stimulus program. Not now. Not w after that report. A narrow trading range, a bit of a puzzle to a lot of people. We are now on the upside for the dow and only 40 points from dow 14,000. Cyclicals are lagging though. Remember the big trade, short treasuries, long stick lickals, long copper. Aerospace and defense pretty good day. Trading higher thanks to the earnings from boeing. North republican with a kb report. L3 with a good report and united tech on the down today. A Building Product company, most other Building Product names are to the down side today but they will give us a lot of insight now with how the housing industry is going. New Home Building business doing well pb looking a Home Building order numbers we have been seeing. We will see what they say. Thanks, bob. Fractional move to the upside of the nasdaq. Last time i checked, seema was following movers there for us. Second best performing stock on the nasdaq 100. Further speculation on the street that biotech is putting itself up for sale. Thermo fisher is expectinged on the day. Outlook for current quarter, better than sweet expectations. Amazon operating income increasing 56 year over year. It did spend money on new warehouses but investors say this will help profitability in the longterm. Back to you. Thanks, seema. To the bond market. Rick santelli is at the cme. Not by much but up above the 2 mark. Yes, 202 right now. Settling at 2 yesterday. 24hour chart sue is alluding to, you can clearly see we rallied in price and dropped on the 8 30. That doesnt last long. Open the chart up, we are making fresh high yields going back toy yop. But they are trading an almost skpakt time programs. Their september copy and also a copy just like our tenure, remember. Down close to 2 for the month of january. This 7 is compelling. One of the reasons we are ignoring gdp. This number put the dollar in negative territory for the year based on the dollar index. Tyler, back to you. Richard madigan from j. P. Morgans private bank, richard, we left off with critical rowcations. Lets start with the first one. Thats from bonds. Low risk assets into equities. How do i exercise that pirouette correctly . Markets keep trying to make everything about all in and all out. So i will preach pragmatism and balance. Youre not going it take the return out of bonds you did last year. If youre lucky we will make half or less, which you made in fixed income. That will push people into thinking more thoughtful. Story this morning, about wall street journal, about investors coming back. Is that what you are seeing in your practice and what your clients are talking about . We are. From our intro coming in this morning, people talk a lot about, im waiting for the dip. Thoef been able to hide with mixed income. 10 a year more than equities, with half of the volatility. They return about 15 last year. It was a great place to hide. But at this point you dont think thats repeatable . It is not, mathematically. For where we are on yields, if you want the same type of return you did last year or the year before, youre going to have to lynch out a fixed income. Thats what you are seeing. Other rotation we talked about earlier is the move from sort of mature dependable assets into growth oriented. Yes. From Growth Markets to emerging markets. Defense is the best offense in crisis. So if you look at asset allocation, last year we favored a lot of credit. We failed hiding in u. S. Because if the uz could not lead in a recovery, it didnt matter. Bar belling much more actively and emerging markets. Pay attention to china and broader asia. Growth dynamic and earnings dynamic there, the new equivalent of coupon in a pond is streams in equity markets. Fantastic. I shop at Richard Madigan eyeware collection. Sue, dont to you. Thanks, guys. Phillips 66 and marathon reporting bet are than expected reportings. Cheaper crude from north american shail fields. Chesapeake energy, up a day after chief executive steps down. Management push breaks up the company but responding at a later date for hess. If you have an idea and you would like big money behind it, dont move. You will see all it all comes together in the power pitch. If you have a green thumb, with better said gray market, Washington State needs you. They are trying to figure out how to regulate their newly Legal Marijuana industry and it is looking for a czar. [ male announcer ] it was designed to escape the ordinary. It feels like it can escape gravity. The 2013 cclass coupe. Starting at 37,800. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. So we asked, how interested are you in buying the new blackberry 10. 11 of you said very interested. I think they are on to something big. 14 say, somewhat interested. We are waiting on reviews. 75 say, not at all interested. Im sticking with what i have. All right, lets see what they have coming up on street signs at 2 00 p. M. Eastern time. Absolutely. Hey, sue, you saw him on stage, right . Saw him unveiling that blackberry 10 system. Thorsten hiens will be joining us to talk about whether or not this is what it takes to come back in a company. And you know, sue, it had 40 of the share three years ago. It now has 2 . We also have ben bernanke in the form of the fed decision and a royal on public sand lot . What is the world coming to. Mandy, thanks. Having an idea is easy but turning that idea into a successful company, not quite as easy. In the new series, innovators make their pitch to convince us and great capitalists that they have what it takes to be the next big thing. Take a look. Hello and welcome to the power pitch. Im brian sullivan. This is where doug mack, is giving pottery barn a run for their money. Here is his power pitch. This is the Fastest GrowingImmerse Companies ever. We provide consumers fundamentally better choices on home decore choices than at traditional retail. We work with thousands of vendors and scour hundreds of thousands of product that bring our customers back the best of the best. We have thousands of new products to keep it fresh and interesting for customers. This has tremendous business growth. Doing 200 million inevenue this year on the web. This is up a hundred percent from last year. With mobile commerce, 25 of revenue coming from mobility already, putting us on the top end of industry and the top three most visited home decore webs along side pottery barn and crate and barrel. We have partners that higher Global Management and like today we break 67 million in total capital which gives us great fuel. Doug is on the right side of the screen. He cannot react it our critiques just yet. Ju Julia Boorstin and Patrick Chung. So lets huddle up. What are your concerns about 1 kings lane . I think the flash sales model has been a proven form tp does it work for shelter . Is shelter big enough and will people want to buy thousand dollar arm wires on their cell phones . How long does the flash cell model work . Flashy and seductive, but you have to keep going back, open up your emails. How much customer loyalties is there on the flash sale model. Thats my concern. I think Customer Loyalty is a good question. Especially with the immense amount of competition. Not just traditional retailers who send emails. Also the fact that oh, look, guilt group have gotten into the business of selling home product. Now, lets bring in our guest. Doug mack is joining us. He is on the hot seat. Doug, you will ask questions and get the chance it defend yourself. Again, how loyal are customers opt flash sale model and do you evolve away from flash sale model . We dont think of ourselves as flash sales company. Er with really just focused on the home decore consumer who has unmet needs right now. What we have done is catered to these consumers bringing fresh new interesting product everyday. 75 of our purchaseses are from repeat shoppers. So repeat shopping is happening very, very strongly on 1 kings lane. Doug, it is incredible to have 2,000 new products appear everyday. How on earth do you insure quality . We have a hundred merchant that go out and work with vendors. Then we put in Rating Systems to make sure we understand which products are performing and which arent and we bring the bat of back again. Julia . . With mainstream retailers, getting into your territory, how do you compete and distinguish yourselves . 1 kings way was the first and only to go into the home market. We have remain ud focused in home. 158 billion is spent every year on home decore. About 10 on line and growing rapidly. It tends to be companies in many other spaces, apparel, traveling with group buying. Er with focused on the home and therefore i think doing the best of it. Okay, lets get to the meat of it. Are we in or out. Patrick, in or out . This is a huge market. 1 kings lane has a much of great grands. Im in with both feet. Julia, hands or feet in or out . Im concerned about the growing competition but i like that 1 kings lane is focused on home decore and i have to admit im not only a customer but a frequent repeat customer. I like the user inner face. It is easy and i like the product. Im in. I like the mobile strategy. Ways concerned about having people coming back. But you said 75 of buying have bought before. So maybe im a sucker for the royal family but im also in on 1 kings lane. Thank you so much. Good luck. Thank you. Thanks to our pan people july gentleman boorstin and Patrick Chung that is your power pitch. So what do you think snr you in or out on one kings lane . Log on to cnbc. Com and cast your vote. We did have a modest advance on Dow Jones Industrial average. Now a tiny decline. Negative on the dow, s p and nasdaq. So watch that afternoon session very closely. Well, if i ever wanted to be paid for being a marijuana expert, now can you. Washington state looking for an adviser on all things pot. However, dazed and confused need not apply. With the spark cash card from capital one, olaf gets great rewards for his Small Business pizza [ garth ] olafs Small Business earns 2 cash back on every purchase, every day helium delivery. Put it on my spark card [ pop ] [ garth ] why settle for less . Great businesses deserve great rewards awesome [ male announcer ] the spark Business Card from capital one. Choose unlimited rewards with 2 cash back or double miles on every purchase, every day whats in your wallet . [ male announcer ] dont just reject convention. Drown it out. Introducing the allnew 2013 lexus ls f sport. An entirely new pursuit. Washington is looking for a weed czar. Washington state is looking for a marijuana consultant to forth ahead with regulations about the newly legalized substance. Steve fox is here with the math project. Mr. Fox, welcome. So many jokes, so little time. Tell us about what is going on here. There a structure for market regulated in a manner similar to alcohol. How is it likely that mare waunal be dispensed in the state 6 washington and will this individual be the person who determines that . I wouldnt say any one individual will be determining anything. They are looking to hire a consultant to help them set up their system. But in terms of how it will be set up, we can look at colorado as a model which has had a forprofit system for medical marijuana since 2010 and it is functioning very well. There are hundreds of licensed vu cultivators and stores. What is the federal government likely to do well for the states . Will they keep their hands off . What are you arguing for . What we are arguing for is respect. For the states and what the states are trying to do. The people of colorado and washington have said, that marijuana prohibition is a failed policy and we want it regulate kcultivating and sale and take it out of business. We hope the federal government will respect that. So far they have just as they have respected colorado and other states that have regulated medical marijuana systems and we expect something similar here. Do you foresee that marijuana will be a Revenue Source for states eventually . Absolutely. You are renovating sales and saving resources by not directing Law Enforcement to arrest and punish users of marijuana. Let me drive to something as a parent of a 19yearold, that is of concern marijuana is not regarding as a stepping stone to other drug use. One could debate it. But to the extent that marijuana leads to things that are illegal, it could potentially lead to other drug use. Once youve smoked maybe you are less inclined not to try something else. Not that the drug itself leads to you do it but that something happens with your respect for or fear of Law Enforcement. Could you comment on that . Sure. Thats a big question. What i would say is right now the gateway theory has already been bantered about. But the gateway that exists is that marijuana is sold in a criminal market, which is kind of what you are alluding to. And that people that go and look for marijuana which is about half of all students by the time they graduate high school, they are exposed to harder drugs. We are trying to break the link between marijuana and other drugs and have it sold like alcohol. Kids might get alcohol from an older brother or friend but that same person doesnt offer them hard drugs as well. I apologize in advance but quickly, what do you say when people ask you if you smoke and what do you say to children or your children, if they should. I have said that i have in the past and i will when it is legal. Now it is legal in washington and colorado. But what i say to my kids, i help them understand the relative harms of marijuana and alcohol and other drugs and hope they make smart choices based on the harms of those substances. Steve fox, thank pup sue . Ty, as you know, the fed decision is minutes away. A look ahead and final chat with j. P. Morgan, cio, Richard Madigan, up next. But we can still help you see your big picture. With the fidelity guided portfolio summary, you choose which accounts to track and use fidelitys analytics to spot trends, gain insights, and figure out what you want to do next. All in one place. Im Meredith Stoddard and i helped create the fidelity guided portfolio summary. Its one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. [ male announcer ] every car we build must make adrenaline pump and pulses quicken. To help you not just to stay alive. But feel alive. The new c class is no exception. Its a mercedesbenz through and through. See your authorized mercedesbenz dealer for exceptional offers through mercedesbenz financial services. A body at rest tends to stay at rest. While a body in motion tends to stay in motion. Staying active can actually ease arthritis symptoms. But if you have arthritis, staying active can be difficult. Prescription celebrex can help relieve arthritis pain so your body can stay in motion. Because just one 200mg celebrex a day can provide 24 hour relief for many with arthritis pain and inflammation. Plus, in clinical studies, celebrex is proven to improve daily physical function so moving is easier. Celebrex can be taken with or without food. And its not a narcotic. You and your doctor should balance the benefits with the risks. All prescription nsaids, like celebrex, ibuprofen, naproxen and meloxicam have the same cardiovascular warning. They all may increase the chance of heart attack or stroke, which can lead to death. This chance increases if you have Heart Disease or risk factors such as high Blood Pressure or when nsaids are taken for long periods. Nsaids, including celebrex, increase the chance of serious skin or allergic reactions or stomach and intestine problems, such as bleeding and ulcers, which can occur without warning and may cause death. Patients also taking aspirin and the elderly are at increased risk for stomach bleeding and ulcers. Do not take celebrex if youve had an asthma attack, hives, or other allergies to aspirin, nsaids or sulfonamides. Get help right away if you have swelling of the face or throat, or trouble breathing. Tell your doctor your medical history. And find an Arthritis Treatment for you. Visit celebrex. Com and ask your doctor about celebrex. For a body in motion. Lets get you uptodate. Lets bring in director 6 floor operations of oneill securities a and. If you have to single pinpoint one area of the globe that you thinks pinpoints areas of vin oesters who who may be lagging in putting money into the market, where would it be. As we kidded with tyler before, looking into emerging markets. Growth dynamic, earnings dynamic and evaluations are incredibly favorable here. It used to be that it was risk on or risk off. Those were the mantras. That seems to have stabilized a little bit. It is not as extreme as it used to be. Because you were back it fundamentals. We debated so long this is the world that will break or not. It is wonderful to look at earnings and where we see opportunity. Kenny, what do you think . Richard, i read your report. I couldnt agree with you more. I think fundamentally you hit the nail on the head. Investors have to come back to fundamental investing. What we lived through the last four or five years, people pulled out saying they would never come back. Markets are more complex and fragmented. People dont necessarily understand the way they trade. Let me spin it forward to the fed, richard. A decision coming out. Could you have a move today above 14,000 . Markets anticipate. We anticipate qe. Ways dumb founded when we look at last minutes. And heaven for bid we have qe pull back. Er with not rooting for fundamentals. Growth is better. Inflation is better. Earnings are stronger. Consumption is stronger. Thats a good thing. So i hope to learn nothing in the next 15 to 20 minutes. The minute the feds hint stepping back, the market gets nervous ael starts to sell off. By the way, thats when you buy. I agree. You guys are agreeing a lot in todays trading session. Consensus staicares me. Is this an arod market . Is it taking roids . What is it . It goes back it what we were talking about. If you are watching reinvestment, there is a strong bid to buy. Market growth hormone. Well coin a new phrase here. We got about ten seconds left. That does it for this edition of power lunch. See you when you get back. Next edition of street signs starts now. Anticipating the fed. And welcome to street signs where we have big stories everywhere for you today. First, as sue mentioned, federal reserve. Latest decision on rates will come down in minutes. Fed could signal change ahead. And next, if the new blackberry can Save Research in motion or not. The Company Making sweeping changes, including its name. All this, mandy, as the world is watching whether or not we can hit dow 14,000. Doesnt look like a today, does it . May be a bit of a soggy day. Despite the fact the s p is up with the average gain of 0. 4 . Nonetheless, still on track to post its best monthly performance since october 2011. Investors have been pofing in 55 billion in cash. Biggest stock inflow on record. Number to beat here for s p, alltime high, 1576 reached on october 11, 2007. Lets get straight down to bob on the floor of the new york stock exchange. As i said a moment ago, bob, normally on average, on third day, the mark set higher. Is it the weak that did it today. Yeah, bob, seems like a conspiracy. Market doesnt go down, even with a lousy number, you would think the dow would be down on this lousy number. But we are in a very narrow trading range. This has been typical the last few days. We were in positive pertory for about an hour or so. Now dipping into negative. This is a small amplitude, mandy. I wouldnt say too much about what is going on now. The reason the market isnt going down that much, when you think it should be is partly on what the fed is doing here. Take a look here. Strong momentum bb very hard to fight against the tape in the next three weeks. The poor gdp number is likely the fed stimulus will continue and markets do tend to rise on fed day. I would node cyclical groups are on the weak side. Including home builders. Thank you, bob. It is a big day, huge day, for the Company Formerly known as research in motion. The Company Unveiling its new back berry 10 and something it should have done, changing its name to blackberry. Is the new device a gamechanger . Lets get to john fortt with the ceo of blackberry rb thorsten heins. Yes, here it is, and here he is. Thorsten heins, thank you for joining us. Want to start off with a question about investors. What do you say at the moment of the launch where there is positive buzz. What do you say about those giving up the stock for dead but now in the last few weeks hoping your market share would turn around next week. What do you say about the path ahead over the next couple quarters