Minutes. Also we have two huge earnings reports that could dictate the tone for tomorrow. We have netflix and ebay due out in be aab an hour from now. Instant reaction from the market coming up on the closing bell. Also what is the single biggest mistakes investors make . One of the most successful Money Managers in a generation tells cnbc exclusively what that mistake is. And forget irobot. Instead, think i unemployed. Lets not think that. We will have a special report on the ro gres in robotics that has come so far in the past generation. What was the statistic we were reading . In the next what decade was it . Robots so replace 70 of the businesses that exist in this world right now. Thats incredible. It is, but its hard to actually think about that being the case. Its an interesting thought, but at the same time you can think about the way robots are augmenting and maybe opening up whole new fields of employment even. Exactly. But what does that do to the humans . What does it do to productivity . We will take a closer look at that question with the man who wrote the article for the new yorker coming up. In the markets right now, the dow by far the underperformer and thats in large part due to ibm. We covered those earnings when they hit on this program yesterday. Continues to be down in the range of about 3 . Meanwhile, the nasdaq and the s p 500 are ever so slightly positive. Were literally up just about a point on the s p. The nasdaq adding 16 at this hour. Lets talk about todays Market Action in the closing bell exchange. Katie stockton from btig Keith Fitzgerald from money map press, rob morgan from fulcrum securities who got slammed in the snow in philly yesterday. Jim kahn from Wealth Enhancement Group and our own rick santelli. We all have to deal with snow except forfeits gerald. Katie stockton, you still see in the near term here upside momentum. Youre probably referring to the s p, right . Well, th keye key really is to look beyond the s p. The market has been in a consolidation phase for a couple weeks if not more in some cases and thats why you get the mixed returns on the major indices, but that frustration really hasnt occurred as much overseas. I would encourage people to look beyond the s p 500 at the European Equity benchmarks many of which broke out from consolidation phases to new multiyear highs. In some of the emerging markets were getting some nice oversold markets. Look at the philippines and china, for example. Were seeing some nice action overseas and i think that bodes well for momentum catching on again here in the u. S. Jim, its interesting but steveste i stefil points out if we rally it will be the tenth time so far. Weve only sold off four times. There seems to be an upward bys a bias in the second half of the trading day. Its hard to tell whats going on with the diurnal patterns. Portugal italy, et cetera they look a lot better. I think thats taking a lot of risk off the table for u. S. Markets. So i think that gives a little relief to people saying i have a lot of cash on the sidelines lets put it in the u. S. Markets. Rob morgan were all watching these earnings as they come out. I know youre overweight technology, but its been some of the high Profile Technology companies that have not so much disappointed but the market response has shown disappointment. I think of an ibm, an intel and some of the others out there. What do you make of that and do we discern a trend from just a few of these earnings reports so far . Well it is disappointing, bill, some of the Technology Earnings weve seen but really my overweight is based more on Capital Spending on Technology Looking down the road. It seems were at a Tipping Point with corporate ceos from an employment standpoint where i feel like hiring is going to continue to pick up as we go through the year and with that i. T. Spending should continue to pick up, and i think that bodes well for the ibms and intels of the world that have disappointed here. The sector is attractively priced in general and even though right now from a technical standpoint its not exactly knocking the cover off the ball i think just valuation will continue to bring some dollars into technology from an investment standpoint as we go through the year. If they keep doing that they will be replaced by robots. I was going to say to some extent, rob, it seems that money is dead money, its trapped. Could you argue that especially some of these big old tech companies, they themselves are the ones now acknowledging that the cloud disruption is something thats completely transforming their business models, theyre struggling to catch up. Why would you want to put money to work in that sector . You make a good point, but you look at microsoft, for instance which seems to be tethered to the dying pc. They really started to make more moves into the cloud and into mobile, and i think as we go through the year, a lot of these big giants that have really laid out a plan to transform themselves, i think the media will start to pick up on that more as we continue through the year. Keith fitzgerald probably should have come to you after katie stockton. She sees this near term momentum higher. Youre kind of taking this wait and see attitude. Just in case. Youre raising your stops, youre selling some of the strength right now. Youre still thinking that maybe, just possibly were going to finally get that 10 correction right . I am. Im very cautious in here and theres two data points that cause me concern. One, were 400something days since we had a 10 correction, and, two, household assets put into stocks is about 30 . Thats preceding a revaerserseal by about 12 months on average. I am looking to parts of technology, still looking to energy because i think the fundamentals never go out of style and they remain compelling. Youre one of the few that likes energy. Why do you like energy . Well look this is basic math. You have the world becoming a more complicated place. Were using more energy. Even if we find a perfect substitute for oil, it will take the most aggressive scientist 30 years to convert more than 50,000 discrete industrial processes to an alternative. Lodge km logically you have to own it and you have to be in it. You cant ignore the role the dollar plays in all of this. I wonder if strong dollar is starting to look like a theme of 2014 because of whats happening in some countries like britain. You know i think whether you look at Foreign Exchange among the developed and mostly developed economies or you look at Interest Rates, you can garner less and less information. Its more about flows and arbitrage and relative value. To your point specifically the war between Central Banks and the markets trying to push back. So case in point, if we look at what happened in the uk. Their Unemployment Rate dropped to 7. 1 . All of a sudden, the pound starts to do better and we understand why. This is a market saying listen guys Central Banks needs to ease off a bit. Same dynamic as the markets challenging the taper with the flattening curve. Look to australia. What happened . A 2. 7 yearoveryear cpi. They were a bit astonished. Market jumps to the notion the next move will be a tightening. Theres an important lesson here and that is that whether its in the u. S. Or anyplace around the globe, the markets at some point and investors look to the old ways to try to divine whats going on with the information measuring the economy and whats going on with central banking and this tug of war will go on for a while and be a central theme for 2014. Based on what we heard in davos today, abe nomnomics is very much alive. They will continue to support the japanese economy and presumably push that yen even lower at this point. I rather when sammy sosa and all the juice boys were hitting home runs. Rocket was juiced throwing 110mileanhour fastballs. If you were betting on baseball you had to go with it even though you knew at some point the juicing would stop. All our guests will tell you how to make money in the game. And like that era in baseball, you get a big asterisk next to it. Exactly. Its going to be all about talking abouts a terasterisks. I cant wait for those pictures. If this backdrop of surprising to the upside in britain, in australia, if theres a theme there that points toward global strength, why is it that some of the material names with alcoa rebounding lately as well why dont you like the materials sector more here . Well kelly, a lot of it is from a valuation standpoint. I think the stocks are still fairly expensive and, you know, the dollar is going to continue to strengthen too. Bill was alluding to that earlier, and even though those companies are multinationals and they do well overseas from expanding economies when the dollar goes up they tend to struggle. So its valuation and the dollar. Earnings visibility isnt that greatest either. Folks, time is up. Pencils down. Thanks for joining us. We appreciate it. Great to see you. Thanks bill. We had news that ponzi schemer Bernie Madoff apparently suffered a heart attack recently. Scott cohen, this apparently happened last month but were just learning of it now . Lets preface this first of all by saying we are well aware there are plenty of people including most of his victims that could not care less about his health. The timing of all this is a little bit fuzzy in part because the bureau of prisons refuses to comment. I had heard from madoff in early december around the fifth anniversary of arrest. Then nothing until a few days ago when he emailed to say he was sorry hed been out of touch, that hed been in the Duke UniversityMedical Center after suffering from a heart attack and Kidney Disease problems. Took us a couple more days to clarify that. The bureau of prisons website says hes back at the medium security facility in North Carolina where hes a little less than five years into his 150 year sentence. In his latest email he says in addition to his heart problems, he has stage 4 Kidney Disease. That is a step away from kidney failure but we understand madoff is not undergoing dialysis. Bernie madoff is 75 years old. Guys . Is he on our list of 25 most influential . I dont know. We have a list of 200 people on our website right now. Go to cnbc. Com because for our 25th anniversary, we are putting this list together to try and determine who the 25 most influential people have been in the last 25 years. It included some notorious names. I dont know. I guess id put him on there, right . Depends how you look at it. Well of course. Weve got 50 minutes left in the trading session here. The dow the dow is down 32 points but that once again, like yesterday, doesnt tell the whole story. The nasdaq is up 18 points and the s p is also trading higher as well. Starbucks will be turning out earnings tomorrow and here is a question for you. If the coffee chain is benefiting from foot traffic from shoppers will its bottom line take a hit as more people shift online . Were awaiting the earnings from netflix and ebay both due shortly after the top of the hour. Well get to those numbers. The instant analysis the market reaction, all that we do so well right here on the closing bell. And we know robots are no longer science fiction. The reality may be theyre taking away your job one day. Well look into the future and find out what us humans will be left doing. Keep it right here. Youre watching cnbc, first in business worldwide. 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See your authorized dealer for exceptional offers through mercedesbenz financial services. The dow is lower but not exactly as cold as it is outside here in the northeast. Its not exactly hot either. Its been that kind of year. Nary thomp Mary Thompson is here with some of the stocks making noise. We begin with apple. Its moving higher on the news that carl icahn bought 500 million worth of its stock over the past two weeks increasing his stake to over 3 billion. Icahn did lash out at the company for its refusal to increase its Stock Buyback Program. Anadarko patroletroleum and bp gaining after big blue beat on the bottom line but recorded a revenue miss for the fourth consecutive quarter. A tough day for advanced microdevices. They forecast a drop in Current Quarter revenue. We end with starbucks. The company is scheduled to report First Quarter results after the bell tomorrow. Analysts are looking for a gain of 69 cents on revenue of 4. 29 billion. Starbucks up just about a half a point or half a percent ahead of that. Back to you, kelly. Speaking of which with starbucks set to report earnings in 24 hours, was this memo to Howard Schultz to employees two weeks ago a red flag for the quarter . Take a look. He wrote, National Data will show that increases in Online Shopping this holiday far outpaced increases in traditional instore shopping. Starbucks was not immune. He goes on to emphasize that they still have mobile payments which benefit, but that was an interesting point for him to cite. Hes always needling his employees. Lets think about this lets worry about that. Thats his job and he does a pretty good job of it. Lets talk about it with jason moeser and brian sazi. So, tomorrow guys is report card time. Brian, what are you expecting from starbucks . Im expecting an inline quarter from starbucks but more importantly everything in starbucks went absolutely right into 2013. They drove multiple expansion through a lot of intrigue. They spread that intrigue from the investors across their social media feeds. So everything worked right, but what im worried about is what you mentioned in the leadin with Howard Schultz. When he tells me theres a fundamental change in how their business is operating,s this this is this is not a man collecting checks. Jason, at the same Time Starbucks is one of those chains that doesnt just have locations in Shopping Malls and shopping centers, there seems to be a starbucks in every neighborhood a lot of them as part of the highway, a lot of drivethroughs. Theres locations that may have nothing to do with how samestore sales are trending. How important might that be for this company during the quarter . Well i think its a very important thing that Howard Schultz is communicating with his employees about how sort of the business is changing. How technology and the internet is taking starbucks in new directions. What you have to appreciate about starbucks is weve recommended starbucks for our members since 2006 and its fundamentally a Different Company even since then. Theyre delivering their product through many different ways now whether its in the stores and the malls, the Standalone Stores in the Channel Development department there and all the grocery stores. Theyre offering subscriptions online. You can have your coffee mailed to you. I think when off forwardlooking ceo like Howard Schultz is thats definitely an asset for a company like this thats really trying to embrace technology the mobile platform and really go to where the consumers are. But, jason, to kellys point to some degree Howard Schultz used to make the argument he doesnt make it anymore. He used to make the argument that their supply would create their own demand. In other words hed set up a shop anywhere and customers would come. At some point that has caught up with the company, dont you agree, and they will be subject to the laws of big numbers, if not already, dont you think . No question. The basic laws of economics are coming into play here. I think thats why you see starbucks becoming more things to more people. Its not just a Coffee Company anymore. Its evolution fresh, teavana. Theyre trying to integrate the new aspects of the business into the model. Its not going to be something that happens overnight and there will be mistakes but we recently interviewed cfo troy alsteady here and he was up front in telling us food would be a primary driver for instore. The good thing for us is typically we like to buy low and sell high but we dont do a lot of selling. Were net buyers of stock. When we see starbucks announcing like this any shortterm reactions to the downside we present thotse as buying opportunities. We see starbucks as a longterm holding. Starbucks hasnt been standing still. They have done a lot in terms of just becoming that place that you go almost to do whether its to pick up a snack, just to meet friends. It serves a lot of purposes other than just being a complimentary thing in a Shopping Mall to your shopping he can kurtion excursion. Will that curb their exposure to some of the declining foot traffic trends . Its going to hurt starbucks. Yes, its a high class problem. But i encourage every