and another factor in play, as maria mentioned, some disappointing data on the jobless front. and although we reached positive news on the leading indicators which rose for the eighth mont in a row. we showed you how the material stocks -- okay, i'm sorry. maria, i'm going to interrupt myself. send it back to you. >> fun wle that happens. you interrupt yourself. we've got the oracle numbers. they're out, 39 cents a share. nongap. the estimate called for profit. up 36 cents a share on oracle. the quarter, it's the second quarter for oracle, the revenue estimate $5.69 billion. again, that is the estimate. we've got the numbers, actual numbers for the second quarter coming in at 39 cents a share versus an estimate of 36 cents a share. let's get on jim goldman -- we're going to get to jim goldman rather momentarily. as soon as we get more on this. and we've got the revenue number there on oracle? 39 cents a share is the eps line. and we're waiting on the revenue number. but as a mention the $5.69 billion is the estimate. mary thompson, let me send it back to you. we're watching oracle sharps right now as we await the revenue numbers and more details behind these numbers. you may have to interrupt yourself again. >> reporter: that's okay, just let me know, maria, okay? one stock that we want to talk about today was citi because it was extremely active. raising money to repay t.a.r.p. interesting to note that the volume here at the new york stock exchange was about 1.6 billion. citi accounted for about 600 million of the volume here at the big board. overall, more than 3 billion shares of citi traded today. again, above that offering price of 315 a share. bank of america was in the news today name a new ceo brian moynihan, an insider stepping in. bank of america below that share. now let's get back to jim goldman with more on the oracle numbers. jim? >> reporter: yeah, mary, looking at this report a pretty good news story here for oracle, as we've been talking about here, that headline number, 39 cents a share as far as nongap eps is concerned beatle the street by three cents a share but look at top line here, $5.86 billion. nicely beating $5.69 billion. been so much concern over database and other enterprise spending. and it would appear that oracle is now seen a nice uptick as far as the top line is concerned. this is not a cost-cutting story anymore. this is about companies actually beginning to spend again. now, new software license revenue, $1.7 billion. this is a very key metric here for this company. and it resoundingly beats the 1 pyne $54 billion that wall street was anticipating. software updates and support, again, ongoing company contracts $3.2 billion. lighter than the $3.62 billion but essentially inline. nongap operating margins, 49%. some concern that oracle was not going to be able to basically translate the top to the bottom line and really squeeze out as much money as they possibly could. that 49% beats nicely the 47.8% consensus. we see oracle climbing here. a company off to the races for much of the year. the news here is that oracle might be indicating a nice increase in enterprise spend anxiety we've heard that message from several other companies ahead of oracle's news tonight. investors seem to like what they're hearing. maria, back to you. >> thanks very much, jim goldman with the latest there. more context on these numbers. dan morgan is with me, portfolio manager. dan, your gut reaction here to this report on oracle? >> well, it's a very strong report, as jim said, maria. i mean $5.8 billion on revenues is way boost estimate. three cents better on the bottom line i think the key here is the -- as he was say, the new licensing revenue. $1.7 billion. that's way boost $1.5 and change that the street was looking for. this is a flow over of what we saw a couple of days ago, maria with adobe. they came in with good numbers, and as jim was saying, this does give us some indication as the year closes out that a lot of companies are buying software, that they might have put off throughout the year. they're finally closing these deals at the end of december. so a very, very good report. at least initially from what we can tell coming out of oracle's numbers just based on the revenues and the earnings and so forth. >> you know, dan, i want to just get out the news here that rimm just reported as well. research in motion, they're coming out with a profit of $1.10 a share. versus an estimate of $1.04 a share. any thoughts on what the rimm quarter looks like? i know that you are covering oracle but just throwing that out there for you to let me know your instinct on rimm as well. >> well, it look like a good report, maria, because we know that last quarter they had a disappointing number and the stock really traded low on that figure. and i think what we're seeing from rimm is we know that they've come out with some new versions of their handhelds, in terms of -- they've got the new 8520 curve coming out, which is a lower-priced handheld. they've got bold, which is on the upper-end. and i know that they've gained some market share. i think 20% of the smartphone market right now. i think that we're starting to see some moment num rimm after a disappointing quarter a couple of months ago. a good number, initially. >> we've got more from jim goldman in a second. but, dan, would you commit new capital to oracle and/or rimm right now after what you just heard? >> well, okay, we do not follow rimm. and it's not a stock on our buy list so i really cannot comment on that. >> okay. >> up to your viewers. >> sure. >> oracle, we do have on our buy list. we do own the stock. obviously, it looks like a very good report. the stock trades about 16 times earnings rights now. . average p/e over the last three to five years is about 18 times earnings. so still appears to be some value on a valuation perspective. so we're still actively involved on the buy list. and in terms of oracle. so it looks like a good report. so obviously positive on oracle. >> all right, dan, thanks very much. we appreciate it. get to jim goldman. now more headlines, behind the headlines on the rimm quarter. and of course interesting to note that the company reports earnings on a day that the blackber he some real issues today, isn't that true, jim? >> reporter: yeah, a nationwide outage as far as blackbers correspond. the company, at&t and this affected verizon's, all carriers, rimm's working on the details there and we're seeing those blackberrys start to come back. it wasn't a total outage but definitely pockets of the areas that were certainly affected. get on these numbers here because a very big report. $1.10 beats the street by six cents share. $1.04 was the consensus there and the revenue also much better than expected. against the $3.8 billion that was anticipated but look at devices that this company was able to move. 10.1 million units on the quarter. resoundingly beating the 9.54 billion. and signing up 4.4 million new subscribers against the 4.1 million that was anticipated. looking out at this company's fourth quarter guidance, this is just the good news that keeps on giving here. $1 fwoin 3 to $1.31 is the range. the street was at $1.12. i should also mention that that range that rimm is offering now reflects a three cent positive impact from the cancellation of the company's plans to buy back 12.3 million shares. but still even if you back that out, you're still talking about a company that is dramatically ahead of wall street expectations. the revenue range 4.2 to $4.4 billion. the street was at $4.1 billion. new subscriptions, 4.4 to 4.7 million. the treat was looking for 4.5 million. and the company's gross margin of 43.5% for the fourth quarter, also better than expected. so this is a company that is doing exceptionally well, event in midst of all of that heated competition that we've been talking about, as far as iphone is concerned, the oncoming google phone, the palm pre motorola's droid. all of this competition, and research in motion was still able to perform and to perform admirably. a very good report. maria, back to you. >> jim, thanks very much. jim goldman with the latest there. and check the activity in the stocks as well. meanwhile, palm just came without its numbers. second quarter loss of 37 cents a share. now the estimate called for a loss of 32 cents a share. we've got the loss on palm at 37 cents a share for the second quarter. we'll continue of getting more details on the palm quarter and of course check the activity in the stock as well. in the meantime, let's drill down a little deeper into the market and in investing toward year-end here as we approach year-end. joined right now by jim swanson, mfs investment management, chief investment strategist. and global market strategist with jpmorgan private bank. >> great to be back. >> jim swanson, kick this up here with you. a whole host of earnings news out in the extended news tonight. heard from oracle, rimm, palm just now. your thoughts on the corporate earnings season so far, and how that is dictating how you're allocating money these days. >> oh, it is stunning, it's surprising to many people, but earnings are running way ahead of the stock prices. we've got now a quarter of the companies in the s&p 500 hitting the previous earnings peak of this cycle. fewer than 5% of the shares have actually reached their peak. so earnings are running ahead of expectations. and one of my favorite sectors, you just talked about, a couple of companies there, the tech sector has about seven reasons why investors ought to take a long look as this being a leader in 2010. >> yeah, but i mean even though earnings are better than expected, we're really not getting much on the revenue line, are we? i mean, people are waiting for evidence of end market demand. are you seeing that from the revenue numbers that you're getting? >> well, in q3, 60% of the companies showed surprising revenue growth and there was about a 2% sequential growth. so it's not convincing yet, but there's so much pent-up demand in the u.s. for housing, for cars, for cap spending and for tech, i.t., that i think you're going to see it in 2010. and i think that'll be the surprise of next year. >> stu schweitzer, real quick on investing in this environment. would you be putting money to work? you've been bullish, right, thanks for the calls on the show, but now talking about a market that's up 60% from the lows. is it getting expensive? >>u i don't think that it is expensive. we're having trouble getting through the 1100 level. i still think, though, frankly i agree with jim that there is big profit growth coming in 2010. and probably more in 2011. and i look for plus 25 to 30% earnings per share growth from the s&p 500. and i don't think that's priced. i also think that revenue growth is coming back. and it's going to be a good story. where it's going to run into trouble? you always have to be careful with what you wish for. this economy's getting better. capital spendg getting better. the consumer's getting better. you have to worry about what interest rates are going to do in response to that. >> yeah, sure, the fed. >> because that could be the showstopper for a time. >> yeah, yeah. i mean the fed coming in, seems to be the big threat. gentlemen, stay right there. get to jim goldman, he has now more on the palm quarter. a 37 cents a share loss, jim. what else can you tell us about the second quarter at palm? >> reporter: well, you know, we're going to talk about palm in just a second. i just want to go to research in motion really quickly here, because we are seeing this company's stock off to the races. and it is reflecting just a much better than expected quarter on this company. as we mentioned earlier, you know palm did $1.10 verse glaus $1.04 a share and we've seen shares jump what is it 10% there? a company that's off to the races and for good reason. that 10 million units of blackberrys on the company's third quarter is really taking a lot of people by surprise. this is going to make for a very interesting conference call when that begins in just a few moments. get to palm here, because this is a -- well, it's a relatively mixed bag here. company reporting 37 cents in red ink. that against the 32 cents that wall street was anticipating. now the revenue line is substantially better. $302 million versus the $267 million that wall street was looking at. but as we look a little deeper that 873,000 cell phone smartphones units shipped on the quarter is much better know that the 689,000. but check out cell-through here of 573,000 units. that means that palm is leaving a lot of these units on store shelves. lots of them shipped. that's the good news. but maybe not as many actually sold. and that might be causing some concern and why we see a little softness here in palm shares. we'll get more clarity on that certainly when the company has its conference call. but, wow, it looks like the story after-hours, no question, research in motion. >> yeah. okay, thanks very much, jim. back to our guests here. jim swanson and stuart schweitzer. if you are looking for a good 2010 for the markets and the big risk, because the economy is getting better -- that the fed is coming in, what sectors do i need to be exposed to? >> well, first of all, i think that you need to be exposed to increased capital spending by business. and that includes both technology and more gen ram industrial capital spending. and you know steve liesman had that piece a few moments ago in the last hour, showing how high corporate cash levels are and how much company his cut back in their comp x. jim talked about pent-up demand i think that there is big pend up demand for capital spending. but maintenance capex. and i think that you want to be positioned for that and also looking outside of the u.s., particularly at non-japan/asia. the other thing i think that you want to be shorter than normal in your bond derations. if interest rate, going to go up and led by the bond market this time, not so much by the fed, as the economy gets stronger, and then i think having a shorter than normal duration's going to be a big protection against capital losses in the bond market. >> jim, what about you, do you agree with all of that and how do the commodities fit in here? for a long time talking about resource-rich areas. you want to be exposed to the brazils, and russias and where you are really seeing the commodities plays because of the demand coming out of china. is that still a good idea, or have things become expensive there? >> no, they haven't become too expensive there. i mean don't forget china is re-electifying -- or electrifying the rural areas and using copper, that's just one example. there's tremendous demand building around the world, particularly because the brit countries and the ancillary market metals. so you're going to see a lot more initial demand for those. so those late cyclicals, which would be metals and mining and energy -- are going to show up on your screen sooner i think in 2010. the rate structure will move up. i agree with that point. and to that point i would think that you would also like to look at international dividend-paying stocks because they have lowered -- even stocks have duration. you want to lower your duration stocks as well. so investors ought to keep their eye on dividend pay earners. >> great insights. jim swanson, stu schweitzer. we appreciate it. more nike news out with its second quarter earning. the numbers are 76 cents a share. based on an estimate of 71 cents a share so that looks better than expected. $4.4 billion in revenue. darren rovell now with the latest on nike. >> reporter: you have got that right, maria. beat by 5 cents, 76 was the whisper number. 76 versus 71. revenue dropping from $4.6 billion to $4.4 billion. that's in line with estimates. inventory's down 10%. versus the prior year. so the inventories are well managed there. net income is also -- has declined by 4%. so that's it on nike. back to you. >> all right, thanks very much, darren rovell with the latest there. take a short break. the global financial crisis has presented big expansion opportunities for bnp paribas. plant's largest bank. we'll talk about that and the company's already purchased bank of america's prime brokerage business. up neck the ceo of barr barr of north america will be with us. the changing landscape of financial services. later on with the bullish trends in emerging markets continuing what about 2010? mark mobius the man on the ground overseeing $30 billion in emerging market assets. he'll be with me telling us what heebls are the new opportunities for 2010. s. well for bnp paribas the global road to recovery has also meant opportunity for the bank. there is a chart of research in motion. it is up 10%. the company reported earnings that were better than expected. a company reporting $1.10 a share based on an estimate of $1.04. the revenue as well higher. and as a result, the stock trades higher. take a look at the numbers. we're waiting on the conference call. where manager will talk to investors, but we certainly do have some reaction in research in motion. that is the story of the evening tonight. we'll continue on that story and tell you what comes out of conference call. and here we are live at bnp paribas trading floor. the global road to recovery, as i mentioned, has been real opportunity for the bank. in the united states the company has zeroed in on expansion. buying bank of america's prime brokerage unit for as much as $300 million, just last year, for an inside looking at the bank's strategy i am joined right now exclusively by the man in charge of u.s. operations north america's ceo everett schenk. everett, nice to have you on the program. >> glad you could join us with. terrific. >> glad to be on the trading floor, right in the thick of things. now the company has been seeing opportunity. tell me before we get to how you changed the business and what you're expecting, how does it feel to you right now, want landscape, financial services, in general? what way year we've all yes. >> yes, certainly an up-and-down year and lots of challenges but for us the opportunity's been tremendous. the change of landscape, in terms of players, the opportunities presented to us because of that, it's allowed us to fulfill some space that we hadn't been in before. so the opportunity's been really terrific for us. >> now, you've been expanding and building out further through asia, right? >> yes. but the main issue for us, the opportunity's just to -- you know invest strategically in age. so i have to say from a global point of view, apart from what's happening with for us across europe the first time for quite a while is completely aligned with expand next u.s., by product and at senior level. so we're quite excited. so we're going to get more than our share of capital over the coming years. >> tell us about that, in terms of products in the u.s. where would you like to see expansion in terms of products? i know energy's very important. >> very. >> you've got the afortus partnership. and what products can come out of these expansion ideas that you've got. >> the afortis side is a terrific opportunity. process integration. a physical trading operation in,ston at fmt which is tremendous. combine that with our derivatives in futures business. a broad commodities, project finance, you know oil and gasoline operation. that's going to be great. combining that with inside of our equity derivatives business. so we're going to have the leverage on all of that platform. i think you've met earlier in the day with kip and aaron, so you know what we are trying to do on the institutional investor side. so investing heavily in our sales force. we're certainly expanding and hoping to expand our prime brokerage business in terms of the larger size hedge funds in terms of assets under management. and we continue to invest in selectively in our structured products side. so for us with 3,000 odd people in the corporate investment banking space, it's been -- it's been great. >> wow, that is a big number. i didn't realize it was that big. so have you been benefiting it is from upset going on some the u.s. banks? you've got compensation pressures pun know pressures about the repayment of t.a.r.p. what has that done for you? >> well, first of all, we're hiring. people want a stabile platformp they want something that is going to be here. we are not trying to rethink or restructure, remodel or redo anything we're all about execution. we have continuity in management and our vision is pretty clear, so in terms of recruiting, this is a great place to join right now. combined with some capital, that as i said before, the management's very supportive of. recruiting is -- well, we have to recruiting. stay top priority. but taking advantage of the spaces that have been left by the consolidation or the -- you know the demise of a few institutions has been really created tremendous opportunity for us. you've seen it on bond sbras we've achieved some status in top ten -- >> sure. >> and we're going to try to leverage off of the european platform where we are number one. i think that you know on the euro's side. so this has really been our time. >> it seems that way. what about the prime brokerage business. tell he that acquisition. what the b of a prime brokerage business does for you, and where you would like to see that numbers the coming coup ever years. >> well, first of all it was a year ago and very interesting time to close and we've put a lot of time and effort into integrating that successfully. we're now trying to leverage that platform, take advantage of all of the products. we also are building a prime brokerage business internationally. so we're going to converge our domestic efforts here, internationally. so we have a full platform for all of our funds. so i think the hedge funds. so i think the opportunity is to leverage this international platform and product, frankly, which b of a was probably less equipped to do so we see that as an opportunity. and right now we're successful in on boarding some clients and we is sort of a great interest of doing that. we've dedicated a lot of internal resources to it, so it's a big commitment to the firm across all of the necessary components. so i think it represents for us a very interesting opportunity. and i think we'll have -- add on effect in terms of businesses and fixed income with our institutional clients. >> give me your sense of 2010. what are you expecting? >> well, first of all i don't think it's going to be as tremendous a market as it was in the first half of 2009. >> no, it was pretty tremendous, you are right. >> yes. so i think there is -- still, we expect a lot of consolidation. so we expect our acquisition finance business to know to grow. we're big in loans as you may see. top six or something. so we're right up there. so we think the combination of our product mix for our corporate clients and the flow side structure side rate, whatever, as well as our underwriting, plus what we see as a need for top-line growth, probably happening through consolidation presents some very interesting opportunities for us, fwhoegt a traditional lending, we have a corporate banking business which is very focused and highly successful, combined with our dcm business, i think it should be tremendous. >> from your standpoint, what is the financial service's landscape look like in 2010? we've seen a major change in terms -- your competitors have changed right,? >> right, exactly. well, for us the opportunity, as i said, is really filling some space. so the opportunities with the real money and the instant loanu know the asset managers is great, insurance companies, opportunities along that line. i think for us we see a lot of pressure on liquidity. so those banks that are well capitalized, strong, have access are really going to be in demand. we see that as -- we talked to our corporate clients all of the time and that's a priority for them. so we think we're extremely well positioned to take advantage of that. >> everett schenk, good to have you on the program. thank you. everett schenk is north america's ceo at bnp paribas. coming up next, one of the super bowl's longest-running advertisers pulling out of the the big game. we'll tell you who it is when we continue on "closing bell." busy program. welcome back. let's take a look at the other stories following on the closing bell ticker tonight, and it is a busy evening. credit card lender discover financial reporting a 19% decline in fourth any other profits. the company made $371 million. while that feat beat wall street the credit card charge-off rate jumped to 8.4%. up from 5.5% a year ago. discover shares tonight finished this way on wall street. sizable volume in a handful of names, discovered among them, down 9% as you can see there. coca-cola enterprises, meanwhile, the largest bother of coke beverages raised its full-year earnings outlook. the company is talking about improvement in efficiency. it is also predicting that the operating income next year will rise in the high single-digit percentage range. coca-cola enterprise shares tonight finished this way, take a look at the stock. up 1.5%. and pepsi says it will not advertise its drinks during next year's super bowl. that's so it could refocus on a new online marketing effort. the decision ending a 23-year run of advertising during the big game but company's frito-lay unit will continue to run commercials during the super bowl. pepsi shares tonight down 1%. tonight on "fast money" pepsi's ceo indra nooyi tells jim cramer why the soft drink giant is making the move away from super bowl. at 6:00 p.m. meanwhile, where to invest now around the world? templeton asset management executive mark mobius is joining us next. he oversees more than $30 billion in emerging market assets. he's been traveling the globe. he stopped in dubai and did an interview with us today. find out where he sees the biggest investment opportunities. and also he is in dubai right now. you'll be very surprised to see what he had to say about dubai and the middle eastern region after that debt crisis. we'll talk about that when we come right back. stay with us. here's a look at some of today's winners and losers. to its employee storbenefits package at no direct cost to the company... it was a perfect fit. find out more at aflac!... ...forbusiness.com welcome back. live from the bnp paribas trading floor today if now kbroerk. my next guest oversees more than $30 billion in emerging merging assets. mark mobius is the executive chairman of the templeton asset management company. he is a veteran in emerging market investing. in a rare interview mobius tells me that in the aftermath of the dubai world fallout markets there have recovered. he's on the ground right now in dubai. he shares insights of where he is finding opportunities around the world. would you be putting new money into work in dubai right now? >> yes, in fact, we have been. and we continue to buy. of course we're looking for good prices. so as the markets bounce up and down, we're trying to gets the low points but over the long term we expect to have a very good holding here. of course in our frontier funds we have a lot more, you go even if our global funds we're putting money here. >> and back in november, you predicted that dubai's attempts to reschedule the debt may result in a correction. obviously we saw that. but you said that we would see a correction in developing market equities. you're looking at a 20% drop, which is likely, is that right? >> yes, i mean that's the kind of correction that we would expect in the bullish environment that we've had for almost one year now. so 20% should not be surprising. i was thinking that this dubai situation would result in a global 20% correction but it hasn't happened yet. but i think we may see that. of course, on an individual market level, it can happen. china's already corrected by that much. so that could certainly happen. >> give me your sense of the emerging markets right now, mark. i know you've been traveling quite a bit as is always the case. what are you seeing out there? >> what we're seeing is a midpoint. we're now at middle of the valuation range. at the low point in the last ten years, it was one time's book. at the high point it was three times' high book. and now it is about two times. more in the valuation range but as i said with the high money supply that we see low interest rates, of course derivatives are alive and well, the bullish trend is definitely with us and we think it will continue into 2010. >> are there areas that you like more than others? give me a sense of the real opportunities around the world right now. >> well, it's interesting i just came back from saudi arabia and i was in some of the other countries -- in north and africa, along the mediterranean and here in the arab region. and i'm quite excited by some the things that i'm seeing. profitability's very high in some these companies. growth is high. despite the problems that dubai has, credit is still available. of course some the banks are hurting. but that's going to be solved i think in the not too distant future so this is a very interesting area but if you look at big picture in terms of the large amounts of money that we have in our large funds, it would be china, it would be brazil, and then following that, india and russia. >> are there sectors that are leading the growth, in your opinion? >> there are two sectors that we're emphasizing. first is commodities. we believe that commodities will continue to trend upwards. because the demand/supply situation is such that we see higher prices. the second area would be consumers. per captia income's going up at a very, very rapid rate. you could see shopping everywhere that you go. the big malls are being built. i was amazed in jordan with one of the largest malls that i have seen. of course here in dubai, the largest mall in the world, is now in process and working. so i see lots of opportunity in the consumer area. >> and so in terms of participating in that growth, you want to be buying then retailers, things that are very closely tied to the consumer and then on the commodities front, perhaps raw materials producers? >> exactly. in other words on the commodities front, first and foremost, oil companies, because they're going to know to have very good cash flow growth, mining companies. companies that produce nickel, palled aium, platinum, gold, et cetera. and some of the agricultural companies. buying companies in ukraine, for example. that are very big in that culture because we see shortages in light of the the commodities going forward, particularly at rate that china and india are consuming these commodities. >> it's an important point but what about valuation, mark? i mean when you look at, for example the emerging markets index, up 70%, year to date. do you think the emerging markets still have room to run even after the big run-up that we've seen even with the demand for the commodities that you're talking about? >> i do see further rises. now, of course, you're not going to see the percentage change that we've seen so far because we've come from the very low base in the end of last year, the beginning of this year. but i see further increases but you must remember that with interest rates where they are, if you take the reciprickal of the interest rate you could tolerate a very, very high price earnings ratio. so i think we've got to see the price earnings ratios in relationship to where the interest rates are. >> mark, what about the frontier markets? i know that you were recent flee mongolia and sri lanka and you have labeled some of the frontier markets as tomorrow's emerging markets. give us a sense of what you are seeing in those, really, emerging markets, or as you say, frontier markets. >> well, really exciting things happening there. because not only that they're emerging and they're growing fast, but also the valuations are very attractive. so we can find some really cheap stocks. in our frontier funds, we now have nigeria and vietnam at the top the list in terms of waitings and also in places like kazakhstan, bangladesh and of course youe ed sri lanka. iraq, eventually down the road, not immediately but that's a possibility. lebanon is very, very exciting. you have some very, very good banks in that country. and of course this region here in dubai, imam, saudi arabia, lots of exciting companies. >> really interesting to see such money flows and interest in some those frontier markets. so overall, you're looking for a pretty good 2010, it sounds like? >> yeah, i'm looking forward to a very good 2010, with of course corrections along the way. it's not going to be in percentage terms, as exciting as it's been up till now. but i think we're going to have a very good 2010. >> what changes the situation, mark? what are the red flags? what in your view reverses that and gets you cautious? >> well of course very quick rise in markets so we get into bubble territory, which we haven't seen yet because we've had these breaks along the way, such as what happened near dubai. so a very rapid rise in prices so that we get too much excitement in the market and sort of bubble mentality. that would be a bad sign. and then, of course, a rapid increase in interest rates. and inflation. that would be a bad sign. because that would mean restriction in money flows and in general tightening in the credit markets. >> our thanks to mark mobius. you could see more of my interview on cnbc.com. we'll take a short break and when we come right back we'll tell you how investors are reacting to today's big news after the bell. a lot of earnings releases after the bell and we're seeing big moves in some the stocks, research in motion among them. bull market or bear, traders are always hungry for ideas. they find them at td ameritrade. trading's all about strategy. and strategy... is all about information. so i start my trading day... with td ameritrade's morning perspective. that's interesting... or, look at this... i can mine their weekly webcast for ideas. this is what i need. of course, ideas are just the start. so now i can drill down. heat mapping... heat mapping shows me where the money's moving. 2,500 stocks... one quick glance. cold... cold. hot! right there. look at this-- pattern matcher... pattern matcher spots technical patterns, automatically. wow, look at that. look at that head and shoulders right there. it's like pattern radar. pattern x-ray vision. plus, this amazing gadget... called the telephone. i can call td ameritrade anytime and talk trades, strategies. anything. that's where the action is. td ameritrade. built by traders for traders. announcer: trade commission free for 30 days plus get $100 cash, when you open an account. we're live at bnp paribas trading floor in new york city. take a look at how some the newswork the stocks in the extended hours are trading right now, oracle, nike and research in motion -- all reported earnings after the closing bell tonight. they are faring very actively in the extended session. palm reported a loss, it's also active. brian shactman with all of the numbers. >> maria, it really starts with research in motion. remember, the recent swoon started with our last quarter earnings. well, this time a far different picture. $1.10 a share beat by 6 cents. beat by $140 billion above consensus estimates. guidance, way above expectations. eps looking at more than 11 cents. right now in after-hours about 10.5%. net new subscribers 5 million. difficult to find anything wrong with this report. take a look at oracle night quite as bullish but still pretty good. 3 cent beat. versus $5.69. currency was a big benefit here. the only real weakness was the services area. and finally take a look at nike, 76 cents. a five cent beat. revenues, in line with estimates. share a few other details with you as you look at it up nearly 1.75%. most of the strength in emerging markets. and also repurchased over 3 million shares in q2. maria, back to you. >> all right, brian, thanks so much. brian shactman with the latest there. research in motion's going to be the story to talk about tomorrow. that's for sure. up next, six trading floors and the top men on wall street and women on wall street. we're putting the closing bell exchange into rewind with some of the top trading floor moments you don't want to miss. fithe same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced triggers, your order gets executed, even when you're 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cnbc, first in business worldwide. these are the stories we're watching in europe tomorrow. deal or no deal? live in copenhagen for the final and the most important day of the climate summit. is germany's covering pace losing momentum? plus also british airways wins the high court battle against the union. the strike is off for now. but what's next? can the employees call another strike? tune in to catch all the action overs overseas. to pursue the life you want, you need a financial advocate who knows where you want to go. a merrill lynch financial advisor, now with access to the resources of bank of america, can help you diversify, rebalance, imagine, and believe. what are you doing...? calling chase sapphire, seeing if we have enough points to stay longer. now? you don't have enough time... and you have to push all those buttons... no buttons, someone answers every time. yeah, right... bet you a massage... yeah, ok. hi, julie... i have a question about my points. hi, what button do i press for a massage? hello? new chase sapphire... you call. we answer. no waiting. just press right here... go to chase.com/sapphire. chase what matters. >> i'm brian jackman at global headquarters. we're watching for quadruple witching on friday. traditionally, it's a high volume day, but volume has been extremely light of late. we'll see if they can change on the last trading day of the week. >> i'm bertha coombs. the labor department puts out the state employment numbers if for november. i ee'll be watching to see whic states showed the most improvement. >> most people know the girl on the wendy's logo. but do you ever wonder where the idea really came from? tonight, an all new biography is profiling the life of dave thomas, whose small hamburger restaurant became an overnight success. >> i have four daughters and a son. the little redhead was melinda lou. every called her wenda, not wendy, wenda. i just looked at her and someone called it wendy's old fashioned hamburgers. >> i remember him putting my hair up in pig tails and my mom making a dress and going down to a studio. >> wendy had red hair and freckles. it was a good old fashioned image. >> don't miss the new episode tonight for that great story. before we say good night tonight, take a look at day on wall street. a lot of earnings news in the extended hours. we want to show you what those stocks are doing tonight and also give you a sense of what happens on the street today. it was a downer of a day. the dow jones industrial average finishing at the loes of the day. 132 points down. financials and commodities plays, the recall materials producers leading the decline. 10308 is where the industrial average finished out. volume was heavy today. certainly relative to what we've been seeing recently. nasdaq and s&p also under pressure. here real quick on the earnings news aft bell oracle reporting earnings of 39 cents a share. revenue was $5.86 billion, better than the estimate of $5.69 billion. r.i.m. is the star of the night. r.i.m. is soaring on earnings of $1.10 a share, based on estimates of $1.04. look, up 10.5%. palm lost money, 37 cents a share loss and nike, another winner. 76 cents a share versus an estimate of 71 cents a share. thanks so much for being with us. thanks for bnp for having us on their trading floor president "fast money" is up next. this is "fast money." i'm melissa lee. these are our fast money traders. oracle and rimm surging as we speak. let's get to the after-hours comeback. rimm is up 12% in the afterhours session, gross margins coming in-line, pete. very nice move in afterafter hours. >> who can't say they are the only smart phone company out there. they are executing on all ends right now. 4.4 million subscribers. you've got to love the growth they're showing right now. revenues beat across the board and their forecast outstanding. research in motion pulled back during the day, but the option activity was extremely strong and looking for a move of about 8% or 9%. they beating that move from the upside. >> tavis mccourt last night -- >> what did we call him? >> i call him tavis. >> that's not what i heard. >> i love jim suva. we said jim, your timing is lousy. i'm with you. now is the time to think about shorting rim. now you're at levels we saw -- this is where we broke down two last quarter when they miss. so now if we want to start thinking about it, now is the time.e. so now if we want to start thinking about it, now is the time.d. so now if we want to start thinking about it, now is the time. jim's timing was just wrong. >> when rimm has good earnings, every time they have good earnings, apple has good earnings as well. so for those two guys, very good news. i think we'll see -- i think it will b