Shortterm hiccups will earn 3 cents or 4 cents in the next few years. Significant acreage in an area called sacramento, and real estate is booming. Second one is a simple one, thats called legg mason which i announced yesterday. Legg mason, 164 million shares, down to 128. Every day they announce twothirds of the cash flow is going to buy back stock. Great Cash Generator and theyre solving a lot of their issues. Thank you. What are you bushing barons . You get online happy valentines day, dr. Love. Squawk on the street begins right now. Im melissa lee, with carl quint a nil quintanilla and david faber. Jim cramer has the week off. Take a look at the picture in europe, the focus on the g20 meeting and g7 statements, saying they stand by market determined exchange rates. We saw a bit higher to the euro, above 134 this morning. Japans nikkei surging nearly 2 . The markets in china and hong kong are closed for a second straight day in observance of the Chinese Lunar new year. Apple, in jus
It is time for final trade time. Pete, kick us off. Bank of america ready to break out and get towards 13. Mtw, construction trade, i ththe going to continue to move. Steve weiss. Qualcomm, running a sale, time to get it if you dont own it. That does it for us live goldman tech conference in san francisco. Power lunch starts now. Hello. Welcome to power lunch. Michelle carusocabrera. In for sue and tyler. Apple ceo tim cook making big headlines. The fight with Hedge Fund Manager David Einhorn and cannibalization of the companys product. More on that fallout. Also mead china factor, las vegas rolling out red carpet for Chinese New Year tourist, which casino stock stands to win big. Sports illustrated swimsuit edition hits news stands today. I bet you already knew that. Supermodel kate upton on the cover for the second year running. Shes going to join us live here on power lunch. We dont want to miss that. In the meantime, lets check the markets. We have dow 14,000 and climbing as things
Sentiment is negative will have no bearing on what happens. What about europe . How concerned are you about europe, that its going to rear its ugly head yet again, that we havent seen the worst, especially on the Banking System . I think, that you know, to contrast europe and the United States, both areas went through a severe trauma to the credit of the United States. We put in a lot of changes. There was a lot of deleveraging, banks, in particular, but other firms went out and raised a lot of capital quickly. Liquidity and i think they are in very good shape, and, of course, no one has outrun having to deal with legacy issues, but they are being dealt with simultaneously or even after weve addressed the situation and gotten the economy, if you will, in a better shape. In europe they some of those havent been done. Theres not theres still a lot of leverage in the system. A lot of capital hasnt been raised, and they have one of the things that gave europe its advantage and a tailwind w
An address to congress tonight. And stocks getting a slow start to the week. The s p falling for a fifth straight monday. Today is tuesday, anyway, february 12th, 2013. And squawk box begins right now. Asian markets shrugging off the tests in north korea. But markets in china, taiwan remain closed. North korea says a miniaturize ed Nuclear Missile was tested. The u. S. Ambassador to south korea responding to all of this. Its a very provocative act that undermines Regional Peace and stability and i think it would be critical for us to coordinate very closely with you and our colleagues in south korea going forward. Were going to talk more about washingtons reaction and what this all means for geouncertainty and our guest hosts for this hour, Jared Bernstein who works as the chief economist for joe biden. Tony is joining us and Capital Alpha markets managing director Chuck Gabriel. Theyre also going to talk state of the union. John harwood sat down with dave axlerod yesterday. He will jo
Final trades. Stephanie, you are up first. Thank you. 10 decline to buy. Josh brown . Break up from january, i buy it here. Good year tires reporting tomorrow. We like it. Brian kelly . Europe is not fixed. Can you short it. That does it for us, catch fast at five tonight. Tomorrow, broadcasting from Goldman Sachs and internet conference. Thank you for talking real estate and markets with us today. Follow me on twitter. Poufr power lunch begins right now. The second half of your trading day begins now. Iphone, ipod and ipad. But how about an iwatch. Apple doing what it did to the cell phone. Will it indeed be another gamechanger . Us airways, expected to an announce their highly anticipated mer anticipated merger this week. A down day for stocks but of course weve add big run. Is it a pause, pull back or do we rally on . We will ask Credit Suisses leader in private banking. Indicies are up. 18 stocks are down, led by home depot. But only by a fraction. Down 1 . A move in that stock of