Averages end the day sharply higher but we begin tonight with some big after the bell earnings reports from names like amazon and visa. First, a rare top and bottom line miss from google after a surprise drop in user clicks on online ads. The Search Company took in 6. 88 per share after adjustments, well below the wall street estimate of 7. 11 a share. Revenues grew 15 and were just shy of 18 billion, but again, that was short of forecast. Shares of google one of the highest stocks in mutual funds initially dipped but then higher after hours. Bertha coombs joins us with one big takeaway from the firms results. Good evening, bertha. Good evening, sue. What we see from Big Tech Companies like google is that mobile is really what matters and you need to have engagement with people on their mobile phones and thats where youre going to sell them advertising. Although initially lower, shares are getting a bit of a boost as the executives on the Conference Call seem to be saying hey, we get it. We know theyre talking about engagement on youtube, on mobile and how they are working on trying to get better advertiser engagement with regard to that. That is going to be the key here over the next few months. All right. Excuse me bertha i appreciate that. Stay right where you are. We get your take on amazons results in just a moment but first, lets move to visa and the news here was very good for the Worlds Largest credit and debit card issuer. It got help from lower gasoline prices and robust job market in the u. S. 2. 53 a share and earnings that topped forecast by 4 cents. Revenue a slight beat there. 3. 38 billion ver vus 3. 16 billion. And the dow index, presplit initially higher in late trading as you see on that graphic. Mary thompson now with her one big takeaway on visas numbers. Reporter well the key takeaway is that its steady as she goes for visa. The payments giant reporting an 11 increase in profits for the quarter thanks to Revenue Growth in all three of its business segments. Service, data and international. Service is the revenue it collects from banks for putting their name on the card essentially. Data the fee for processing transaction and international as the cross border transactions that it processes as well. All of these good results delivered despite the negative impacts of a stronger dollar. Total processed transactions for the company in the quarter, up 10 . That was a little less than expected because cross borders transactions werent quite as robust as analysts had expected. Company confirmed for 2015 and said its splitting stock for for one. For nightly Business Report, im Mary Thompson in new york. Also reporting tonight, ecommerce giant amazon which saw a 15 jump in net sales last quarter and had to spend a bundle on Amazon Prime Video streaming service. A huge top line beat of 3. 50 a share and easily topping forecast of 17 cents a share. Revenues topped 29 billion, but just missed estimates. Shares seeing an initial jump in after hours trading and once again, Bertha Coombs rejoins us from the Nasdaq Exchange with her big takeaway from amazons results. Reporter amazon is trying to keep people engaged with them particularly through amazon prime. Have to think of them like a costco or b. J. s where they want you to be a member to keep you in there. The good thing that they did this quarter was to show they can still make money doing that. They dont seem to have anything thats going to be a huge spender outside spending coming up. So investors are much more encouraged that maybe some of all of this activity that seems to be so strong can slow to the bottom line now. All right, bertha thanks again. Appreciate it. Bertha coombs at the Nasdaq Market site. Lets give you a wall street wrapup. Stocks shook off the early losses and ended sharply higher after the round of strong earnings from consumer related stocks and on news that new claims for jobless benefits fell now to a 15 year low last week. At the close, the dow was higher by 225 points. Rising oil prices helped too. Nasdaq gaining 45 and the s p up 19 points. Oil did end slightly higher but not before it dipped early in the session, below 44 a barrel for the first time in six years. But it did rebound late in the day. Domestic crude up 8 cents today. Brent higher by 66 cents. It topped 49 a barrel. As we near the Halfway Point in the current earnings season we see a real divergence with companies with an upbeat view on the economy and a down beat one. Where do things stand so far . Dominic chu takes a look. Reporter earnings season so far has been all about a battle between boodn goods news and bad news and more for a shadow over america and the overall economy. Today is no exception. Take luxury goods retailer coach. Shares posted strong gains after the Company Reported better profitings than analysts anticipated, while certain Business Trends are still showing signs of weakness some investors are encouraged by better traffic and a higher rate of visitors who actually ended up buying something. Perhaps coach is a sign that people are willing to spend on discretionary items like handbags and shoes. Then there are things we buy regardless of how the economy is doing, like dish washing soap, tooth paste and hand soap by palmolive, strong after one measure growed and that outweighed a lower profit forecast. It wasnt all good news. Continued weakness in the price of crude oil led a number of Big Companies in the industry to cut spending in the coming year. Among them Conoco Phillips and oxidental petroleum. Spending oil and producing this year. Were currently around 40 of the way through large cap earnings season and according to data from thompson reuters, overall s p 500 Earnings Growth for the Fourth Quarter of last year is slated to be around a little over 5 . But top line or sales growth is only expected to be around 1 . Oil giant chevron and exxon mobile report earnings over the next trading days and give investors the read on how much of a drag Energy Companies will be on overall corporate Earnings Growth. For nightly Business Report, im dominic chu. So if Companies Report a mixed bag of earnings and giving weak guidance about future profits, what will drive the stock market higher or can it turn higher . Lets get thoughts from steve ma sew ka chief investment officer. Do you think the market can or will go higher this year . I think the market will be relatively range bound this year. I see positive and negative indicators out there affecting the market moving forward. Were coming off many years of a very hefty stock market rally. Prices in the market are tending to be if not expensive, certainly not cheap. So im looking for the market to be rather range bound, maybe slightly higher or slightly lower but certainly not looking for the double digit percentage increases weve seen in prior years. How much of that has to do with the mixed earnings picture weve seen so far this quarter . Well a good deal. I mean i think there are many old parts of the earnings picture or corporate profitability picture in america that are mixed. If you look at the news today, coach, a company that isnt that reliant on International Revenues therefore it doesnt have is not susceptible to currency impact and really doesnt have anything to do with the oil patch does well but when you start looking at companies that are either in the oil patch or provide goods and service to the oil patch, clearly, if not in the Fourth Quarter, certainly in the first and Second Quarter youll see degradation in the income statements. Sometimes we can look at earnings and say they come in okay and a lot of Companies Beating the forecast but the guidance has been a little soft or soggy. Are a lot of these companies sandbagging . Well, i dont know if i want to use the term sandbagging but time after time quarter after quarter, its a reoccu theme on wall street. Revenue is good but management said the upcoming quarter to be challenging and well put a range out there that would be maybe brackets, 10 or 15 around wall street estimates, maybe the lower end of that and surprise surprise, the next quarter, they beat the numbers once again. So i certainly think Corporate America is sort of caught on to a little trick out here and wants to keep wall street, you know happy with the actual reported number by keeping expectations down. How would then in an environment where you think were range bound, do you stay in the United States or look elsewhere around the globe for value . Well i think you have to be concerned about currency as you look around the globe. I think theres values and equities in europe and iowaai asia but concern about the u. S. Dollar in losing value and in currency in the stock market. In terms of our own market i think theres a lot of value still in the Equity Income space. I think theres a lot of companies out there with significant dividends that are trading at very reasonable valuations and if you dont get a 10 or 15 move if you get a 4 or 5 yield, youll be doing pretty well. There are literally hundreds of stocks in the u. Yield in excess of 5 . Theres actually over 200 stocks in the u. S. That yield an excess of 8 . All right, i want to do a little investment haiku right now. One sector one word you would buy and one would avoid in the u. S. I would buy Business Development companies or bdcs in the u. S. I think theyre relatively inexpensive and i would stay away from energy right now. Its too early. Steve, thanks very much. Steve masoka with wet bush equity management. One of the biggest gainers was mcdonalds. Shares of the hamburger giant sizzling 5 higher on ceo don thompson replaced by the companys chief brand officer. Who is the incoming chief executive and what challenges does he face . Sara eisen has more. Reporter americas biggest restaurant chain is getting its first. Steve easterbrook grew up with watter ford and mcdonalds since 1993. Few based Pizza Express and wagamama back in 2011. Credited with turning around mcdonalds u. K. Business and running european arm. Recently hes been the chief brand officer focused on marketing, menu innovation and digital initiative. They make their bet on Steve Easterbrook but it will take more than one person. A whole new strategy at the top because they have lost theyre not getting the millennials and losing Current Customer base because the whole market is shifting into healthy foods. Reporter mcdonalds is coming off first drop in annual same store sales in ten years. U. S. Market is particularly worrisome. Investors fear mcdonalds is losing touch with core customers and millennials who choose to fast casual chains like chipotle shake shack, panera and others. That will be the prime of turning around in the performance. Cant go to jk penny. Bring it back. Not minor changes, but major changes. Otherwise the millennials won come in. Theyll go to chipotle every place else but not mcdonalds. They need to capture the millennials. Reporter another challenge it comes to the turnaround this company is massive. 36,000 global chains 1. 9 Million People working at mcdonalds and franchises. No question it is going to take time but investors do appear optimistic. The stock rising on the news after going absolutely nowhere the last 2. 5 years after the don thompson tenure and rally 45 . For nightly Business Report, im sara eisen. For news about the biggest burger chain to the latest about one that got a lot of people talking and ment saras report shake shack. Its stock begin trading on the New York Stock Exchange tomorrow and according to dow jones, the always packed purveyor of patties, ipo at 21 a share. That was above expectations. Im so glad you got that. Really am. Still ahead, biotech stacks stocks blasting off. Is the party nearing an end. With more americans streaming data and video to their smartphones and tablets, carriers and Satellite Companies are desperate for any available wireless airways and just today, the fcc raised a record 45 billion by auctioning off some wireless airways far surpassing expectations. Now the winners are going to be revealed and the winner will be revealed in coming days but among the bidders, well the usual suspects here. Verizon, at t t mobile and dish network. A big vote in the senate today despite the threat of a veto from president obama. The Republicancontrolled Senate has approved a bill that authorizes final construction of the keystone pipeline. The vote was 6236. Its been a priority of the congress but today, a few votes shy of the 57 needed to override a president ial veto. In washington president obama is proposing a lot more spending in the 2016 federal budget to be released on monday. The white house is looking for a 7 jump in federal spending next year which amounts to an additional 74 billion worth, that eliminates the automatic spending cuts in the socalled sequester legislation. 561 billion would go towards defense spending and another 300 billion, 500 billion in nondefense spending. International News Central Bank of denmark just cut key Interest Rate for the third time in the last two weeks. The idea here is to weaken the value of its currency the danish crown, which would keep it in a tight range against the euro. And now to russia where that nations finance minister is discussing the economy and how hard its been hit by Falling Oil Prices and western sanctions over russias role in destabilizing ukraine and its relationship with debtridden greece. Geoff cutmore has more now from moscow. Reporter e. U. Foreign minister in brussels extended the timeline on existing sanctions. When i spoke to the russian finance minister he said his economy will learn to adapt. We also talked about signs of division with the new greek government suggesting it has not signed up to these new acts against the russians. When i asked him whether he would be willing to extend finance to the greeks he said they havent been asked yet but it is something they would consider. If such petition is submitted to the russian governments, we will definitely consider it take into account all the factors of our relationships between russia and greece. So thats all i can say. If it is submitted, we will consider it. Reporter the finance minister also talked about the state of the economy and how the Falling Oil Price and the economic sanctions had not 200 billion off the economy in 2014. I asked him about the current state of Interest Rates currently 17 for this economy. He said those rates could do with coming lower, now that there is less volatility surrounding the russian ruble. For nightly Business Report, im Geoff Cutmore in moscow. Shares of alibaba have their worst day since going public and thats where we begin tonights market focus. The chinese ecommerce giant earnings topped estimates but revenue missed disappointing investors. This is the company that spent more trying to attract customers on mobile phones. The companys executive vice chairman said he believes theres strong Growth Potential in mobile. We take the long view in this transition to mobile because the first thing we focus on is user growth and user engagement. So as long as we see robust growth of monthly users, up to 265 million a month, thats a very large number and net add of 48 million users in just a matter of three months. In the long run, we see that whole mon tieization is going to slope up. 9 to 91. 81. Fords report similar, earnings topped estimates but revenue slightly below consensus. The auto maker maintained 2015 profit outlook but the company said the loss in europe would be wider than previously thought for 2015. Still, shares 3 higher to 14. 85. Jet blues profits soared in Fourth Quarter as it benefits from lower fuel costs and expenses. Investors seem to ignore that with shares up 9 . Polty groups. New orders closings slight yes, sir this shares popped 6 . 22. 81 at the close. And posted a beat thanks to growth in agricultural science business helped largely by new Crop Protection projects and hurt results. Shares rose more than 4. 5 and finished at 45. 01. Chocolate maker posted weaker numbers and cut 2015 outlook. The company blamed the stronger dollar and rising cocoa and dairy prices. Hershey plans to buy cravepure foods, a beef jerky maker. So say hello to hershey jerky. Stumbled. After the closing bell the drug makers profits topped estimates while revenue in line with Strong Demand to grossest drug. A forecast above consensus. Shares initially jumped after hours. Before the close, up a fraction to 3 353. 25. One example of the overall strength in continued growth in biotechnology companies. So whats behind the surge in biotech and whats next for the sector . Meg tirrell takes a look. Reporter biotech has been on an incredible run and the question everyone keeps asking is when does it end . The nasdaq biotech index has returned more than triple the s p 500 in the last three years. 2014 set a record for initial public offerings. Blowing out even the big bubble year of 2000 and this year so far, the momentum continues. This week Ten Health CareCompanies Plan to go public on the nasdaq. Greece starts trading today and last week Biotech Companies raised 2. 6 billion in secondary offerings, according to rbc capital markets. Analysts and investors say at some point, the market wont be able to absorb more deals. Weve seen a plethora of deals over the last few weeks, the first couple weeks of january and its sort of been a mixed bag. Some of the offerings successful and some havent. That suggests that maybe either a waning appetite or just a limit to the capacity of biotech analysts to Research Companies quickly enough to make investment decisions. Reporter but we might not be at the end just yet. Biotech bulls point to a couple of things driving momentum. Fda approved 42 new drugs last year a record number. Mergers and acquisitions been on a tear and Technology Particularly in genetics have vastly improved. President obama has even invited the heads of research at several drug makers to the white house tomorrow to discuss plans to improve health and treat disease. There are a number of areas that quite frankly, where we have brand new cures for things we didnt have before. So thats really fueled the excitement. Reporter while theres questions to the end of biotechs run, optimism is winning the day. Of the 16 two said were in a bubble and all expect biotech to outperform the Broader Market again in 2015. For nightly Business Report, im meg tirrell. Coming up, not even Harley Davidson is immune from the strengthening dollar but investn something else. Well tell you. Profits of Harley Davidson hitting the brakes last quarter, skidding 41 . Mostly on the impact of a stronger dollar on overseas sales. Still, sales were higher and earnings topped wall street forecast and revved up nearly 4 higher. Whats next for the motorcycle maker . Morgan brennan takes a look. Reporter for Harley Davidson head winds add pressure to sales and margins this year. Overshad doing a projected increase in motorcycle shipments but despite the woes results better than feared. The concern was some of the International Markets as the u. S. Dollar appreciated, that you would see a dropoff in demand and the good news i think coming out of today is we saw the opposite. Reporter harleys been expanding beyond its core ridership. American baby boomer males since the downturn targeting mill lenials, women, africanamericans and aggressively pushing into markets overseas. The company gaining ground in Europe Latin America and asia especially china and india. Thats where the line share growth is coming from. International shipments make a third of the Company Total and Fourth Quarter retail sales increased 9 abroad and 2 despite lower gas prices. Successfully geared towards these new customers as well. In india three out of four motorcycles ridden are harley street bikes. Theyve been working for years to expand their distribution in those markets and i think its a key component here of the growth moving forward. Reporter but again, that would depend on the dollar because a stronger greenback could make exports more expensive. Competitor powe lars industries which reported earlier this week is already forecasting a slower year for the very reason. For harley however, that hasnt yet happened. Pushing shares higher as International Demand chugs along. For nightly Business Report, im morgan brennan. Finally tonight, a look at how much were expected to spend on this sundays super bowl. National Retail Federation predicts americans spend record 14 billion, 89 a person including new hd tvs purchased ahead of the kickoff, chicken, pizzas and beer that will be consumed. Wow. All right, that does it for nightly Business Report for to thanks for joining us. Im tyler mathisen. Thank you from me as well. Have a great evening. Well see you back h kevin today on ask this old house. Replacing a Bathroom Faucet like this is pretty straightforward and simple. Well, most of the time. Oh, boy. Two traps is not good and its not legal. Ill show you how to see circuits and fuses in a whole new light. Kevin youre Going Old School here. You dont see these that often anymore. And its red, its steel and it has an adjustable foot. What is it . Kevin this is the latest innovation in health care. So whats it telling me . Roger yeah, not too good. Youll be fine. [laughter] thats next on ask this old house. Lets do something off the wall. Or on the wall. Ready . Lets take off