up. because it's starting to rejoin with gdp. >> benedict? >> i couldn't agree more. great numbers out of china. i think china is far more important than the european situation. and as yields go up, the exposure in your bond portfolio, the interest rates will have a drop on your yield. you got to be in equities. >> ben willis, b. belski. thank you. now, maria. and it is 4:00 on wall street. do you know where your money is? welcome back to "the closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the dow six-day winning streak in jeopardy tonight with a decline on the session. yahoo numbers are out. dow jones industrial down 12 points at 13,883. nasdaq finished positive just by a fraction. up about 4.5 points. and s&p 500 down in the session by just a fraction, 2.75 points. before we look at the numbers, it looks like we are looking at the report coming out right now as we speak. want to wrap up the trading session now with doug sandler where river front investment group, and jeannie wyatt. thanks much for joining me. michael, let's kick this off with you. what's going on with the decline today? >> well, i don't think there's much to it percentwise basis. there isn't a lot of cle klein there. so i wouldn't be surprised to have some consolidation after the run we've had. it would be normal. as long as corporate earnings have held up, and they are stronger than we were expecting. and prices continue to go up. dividend yields are supportable. and it's a place to get real return. >> doug, how do you see things? doug sandler? >> actually not much different. i mean, you have the fed flooding the economy with money. ultimately people expected a d-plus grade point average. now getting c minus nap means going up because expectations are low. ultimately i think people are sitting there watching rates go up. they start to get that fear kick in. and they know they're missing the market rise. and it's only getti intin intit exemplified. >> do you want to buy into technology here, doug? or do you want to take a step back? of course the tech stocks have been under some pressure. after being such a great leadership in the last year. >> yeah. pound for pound tech is the best value in the market. when you look at growth and when you look at the price you're paying for. so i like tech. i can't speak to yahoo specifically. i would be looking to overweigh tech. >> do you agree with that? >> well, we like tech. yahoo is a bit of an exception. it's going to be interesting to see how their report comes through. because there's great expectations that marissa mayer can turn things around. but bottom line their revenue growth is just not there. and at south texas money management, we require our growth companies to have accelerating revenues. and yahoo does not meet that criteria. >> jeannie where is the accelerating revenue stories? where are they, rather. >> tdc is a big data company that has topline growth of about 17% and bottom line growth of about 15%. and we think that company will have the wind at its back for the next three years. that's the name we like. >> all right. and this broader market, i think you all make really good points in what's fueling things. but michael do you think 2013 is going to mimic what we've seen in january? can this continue? >> for the last couple years in a row we've had robust equity performance. in the beginning of the year only to peter out towards the middle and end of the year. at the moment i'm not sure i see anything different. a lot of revenue and cash was earned due to taxes coming up. so people front loaded earnings, cash money, liquidity that were currently enjoying. but i'm not quite sure we didn't steal from this year and as the year wears on whether that's going to be an issue not going forward. >> you're saying there were so many expectations that we took them from the future and perhaps things slow down later on in 2013? >> i do believe that's a risk factor. and i think also it will depend on what comes out of washington with respect to structure reform in a number of areas too. you know, at the end of the day, we just don't see the base revenue growth on a really exciting basis going forward. we have hints of it, but we're not there yet. companies aren't truly spending. they're still sitting on cash. they paid a lot of dividends last year. they're not hiring people right now. and there's a lot of wait and see. what's the environment going to look like before businesses really get aggressive in business development. i think that could weigh in going forward. the other would be interest rates. >> jeannie you've been keeping your investors through stock during that battle over the fiscal cliff. are you expecting another battle of the debt ceiling? >> we love the stock market last year. yes, i don't think the battle is going to be as brutal as the last-minute fiscal cliff negotiations. but i do agree that the year will probably start out a little slow because a lot of plans were put on hold in the fourth quarter. but look. so far 70% of the companies that have reported earnings over the last couple of weeks have been above expectations. so that's a good trend. we think gdp will build as we go through the year. and so we continue to like this market. you have to be a little cautious when the dow is with i think 2% of its all-time record high nap is amazing. that is really amazing. >> wow. looks like we got a blowout here on yahoo. let me get you the numbers here. 32 cents a share is where they're reporting the fourth quarter on earnings. revenue also looking better than expected at $1.22 billion in revenue. that compares to an estimate of $1.21 billion. we saw yahoo trading just as the numbers were coming out. 32 cents a share on $1.22 billion. >> maria? >> yes. >> little calling on the yahoo numbers. looks like the display number came in at $520 million which is under the number from a year ago. $482 million from search. so interesting situation. it's going to be interesting to hear what drove this decline year over year in display advertising was it competition from facebook? in eps and overall growth, yahoo was able to make up for that. >> absolutely. let me bring in people looking at yahoo. specifically paul meeks with us. joe maier and jon fortt. you're digging through the release. we'll get back to you momentarily. paul, what's your reaction to these numbers? >> the eps looks better than expected. of course there can be a lot of manipulation of those numbers. the revenue number was about in line. and the fact display ads continue to be weak and that's the barometer for this company for the future, i think it's troubling. >> you think it's troubling because of the decline in display ads? >> that's right. >> you would not put new money into work in yahoo here? >> i'd like to see more about the details as to how they achieved getting to the eps. >> joe, how do you see it? >> i think it's a good quarter, but you can't just indiscriminately say this is a big win for them. they have a lot of issues to figure out. i want to hear how they're working with microsoft on boosting revenue search. search is still an integral part of yahoo. they need to be working carefully making sure they're getting every dollar out of that they can. >> all right. so in terms of the conference call and what you want to hear, joe, what is most important in where this move goes next? >> i'm looking at revenue per search. i think that's key. i don't want to hear about knickknack stuff like a flikr app. >> and you're not seeing that? >> no, no i'm not. >> jon fortt, any thoughts on that in terms of long-term growth? what are the metrics you're looking at to illustrate that? >> well, marissa mayer said last quarter that search has greater potential for growth than display in the near term because monetizization had been so poor. we hadn't seen the needle moving much on this. this 14% upward move in search particularly when they needed it in a quarter like this when display was weak, that's intriguing. i think it's going to be interesting to see given that yahoo's not giving guidance right now. directionally where marissa and the team see that going. do they feel like that's something they can continue to grow. why do they believe that? do you think they can monetize these moves into mobile and tablet that they've been making? i think the story is important here because they're not giving guidance here. >> that's a big issue here. paul, could it be we're really not seeing the clarity we need to see or is this a yahoo problem? >> i think it's a yahoo problem. unfortunately for this company, its greatest growth was in the 1990s. if you're looking at cash per share or free cash flow. but the problem is all tech companies need to have not acquired but organic growth in the future. and i just don't see it. >> and what do you need to see, joe, in order to have a better feeling in terms of long-term growth here in that they've got a vision and are growing? >> more concrete plans how they're going to bring dollars in. but i'd love to hear how they're going to pay cash back to shareholders and not just in purchases. it'd be nice to see a special big dividend out of these guys. >> like a handful of other tech names have been doing. meanwhile the stock is trading up here. the sfok is up in the extended hours by 3.5%. you would sell into this, paul? >> i would definitely sell into it. this isn't a long-term growth story. unless they have new product roads. i just don't see it. >> we'll leave it there. thank you. stocks are on the move up on the heels of the fourth quarter report. we'll take a look at how we got here and which dow company our market experts will be the big losers and winners moving forward. up ahead, what could stop this rally. washington, d.c. we'll explain why all the problems from the fiscal cliff have not actually gone away. then our wealth editor robert frank is here with a look inside the homes for sale only the megarich can afford. who says the ultra luxury market is topping out. all coming up on "the closing bell." in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone is ready with the know-how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 lexus ls f sport. an entirely new pursuit. welcome back. the dow taking a breather on its march to an all-time high. the level to beat 14,164 unchanged set back in october of 2007. let's get to kayla tausche. >> it's been a long and winding road for the last five years, but even with the dow just shy of that high, today did see some big movers as well. mcdonald's and caterpillar on the back of its earnings, boeing and travelers are the days laggards. verizon and boeing the only finding themselves in the red. bank of america also turning down in the month. disney and united technologies both up better than 9%. and hewlett-packard having the best january up 20%. likely on sympathy for a possible dell deal. because h. rks is actually the worst performing dow component in the last ten months. tough times for all of teches. intel and microsoft also seeing big declines. and home depot riding the housing market. and bank of america lifted by financial sentiment. bank of america though, the worst performer since the 2007 rally. down 78% since then. alcoa down almost as much app and hp down 67%. the biggest winner again home depot. ibm and mcdonald's also up more than 60% since 2007. >> which dow 30 stock should you buy today that will be the big winners? joining me with their picks are harry clark and peter taus. good to see you guys. what kind of a move, harry, do you think the dow makes in the next five to six years? >> earlier today jpmorgan strategists had 20,000 for the dell in four years. i think that's entirely possible. we could be at 15,000 this year. i went with several ideas for the future. with financials we've got economic recovery. financials would be leading that. jpmorgan in my favor there. went with energy independence. chevron for that one. and then for entertainment. you're going to want more entertainment and i think disney is a great way to do that. boeing and caterpillar, but i didn't. i think jpmorgan, chevron, and disney are my picks in the dow. >> i want to get back to why you didn't chose those in a second. but peter, let's talk about your picks and where the stocks will be in terms of riding this market in the next five to six years. how do you see the broad landscape of the markets and the sectors? >> you know, broad landscape, i think appreciation of 5% to 7% per year plus a 2% yield over the period of time would be very acceptable to me. obviously it's not going to be a straight line. three picks, i would go with companies like proctor and gamble, johnson & johnson and chevron as well. counting on a growing emerging middle class worldwide. personal care products. people are going to be brushing their teeth. they're going to be taking their medicines and more of them will be driving cars over the next six years. i would shy away from the banks. jpmorgan and bank of america. unlike the previous speaker because i think the regular story environment for banks is going to make it tougher for them to get the kind of earnings growth we like to see over the next six years. >> harry, do you see a change in the composition of the dow 30 in the next five or six years? >> i've always thought that hewlett-packard may eventually be in there. i think apple should be in there. they're not finished. they have a lot of innovation to go. i think hewlett-packard is sort of an old line while apple is a new line in the dow. i'd like to see that replacement potentially. >> so what was the problem with boeing and caterpillar? why didn't you pick them? >> i picked in bottom of '09 and ford. i think caterpillar has a lot of competition. several aircraft manufacturers are going to challenge boeing. i'd like to wait and see what happens with that one. i think i'd just shy away from that for now. fantastic company. there again, huge competition from china and japan in manufacturing the large equipment they're so good at. so i think there will be others. regulation may hurt financials but in the last year jpmorgan -- i don't think it's going to stop here. and i think -- >> ijs they'll act like utilities going forward. >> no. sorry. >> are you sure? let's talk about that for a moment. isn't that what the regulators want? they want them to split away plain vanilla banking to investment type businesses. are they being treated like utilities? >> i think you're exactly right. i think that is the future of the big banks. acting like utilities. all i'm saying is i don't think among the 30 dow components you will find the leaders in stock performance in the financials. >> harry? >> i think we'll see a very good run. they were the worst performers the top end of '07. still down 50% the the sector of the banking financial sector from the top. so they're moving and will keep on moving. we'll still have a lot of investment banking going on. the world's going to grow a lot in the next several years. you've got to have financials involved there to make the world grow. >> all right. we will leave it there. >> i'd rather bet on toothpaste. thank you, maria. >> what were you just saying? >> i said i'd rather bet on toothpaste than banking. >> all right. >> see you in 2019. >> we will certainly follow up. thanks, gentlemen. see you soon. we appreciate your time tonight. watch out below. the wall street could derail on trouble spots beyond our borders. michelle cabrera coming back in the second half of the show. and up next, a more immediate problem. >> we think these sequesters will happen because the democrats have opposed our efforts to replace those cuts are others and offered no alternatives. >> house budget committee chairman paul ryan warning big spending cuts will kick in with defense being hardest hit. stick around. but we can still help you see your big picture. with the fidelity guided portfolio summary, you choose which accounts to track and use fidelity's analytics to spot trends, gain insights, and figure out what you want to do next. all in one place. i'm meredith stoddard and i helped create the fidelity guided portfolio summary. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. olaf gets great rewards for his small business! pizza! 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i think the sequester is going to happen because that $1.2 trillion in spending cuts we can't lose. don't forget one other thing. we think these sequesters will happen because the democrats have opposed. they offered no alternatives. >> democrats in the white house say they do want other cuts. they want to engage in negotiations with the white house. in fact, jay carney the white house press secretary said today we all agree these cuts will never take effect. we need to identify alternatives. >> these kinds of across the board cuts to both defense and non-defense spending are not supported by virtually anyone in washington. and certainly not the president. and to judge by their many statements along these lines not republican leaders in congress. so we believe that the right course of action is to take steps to make sure the sequester doesn't happen. >> but maria, i've got to tell you some democratic aides on capitol hill who feel they can't reach an agreement with republicans say they may just be able to live with the cuts too. we'll have to see over the next six weeks or so whether those ultimately take effect on march 1st. >> well, that's certainly the issue that the markets will start focusing on as well. so if the spending cuts happen, what will the impact be on the markets? joining me now is danielle hughs. mark lashini with was with janney montgomery. good to see you both. thanks for joining us. d dani you say it's already effecting us. >> since the post-war period. that's a long time. and we're seeing a very fragile aspect right now too. i'll give you answer example. mscc just said in their earnings call last week that they're going to see customers coming off their book to bill ratio went below a dollar. they disappointed the streak. that's a big defense aspect. we're going to continue to see that lockheed martin has a huge contract. rathion $5.5 billion. these are all government contracts that are going to be effected. although this particular area of the market -- sorry. in defense has done very well since the november lows. up almost 13%, i think we're going to see a pullback as a result of this. >> well, so you think we're going to see a further instability going into the debt ceiling debate? >> absolutely. look what happened with the fiscal cliff. we're going to see nervousness. >> and yet mark you think the fundamentals are good for this economy and this market. >> i think so. while there has been some trepidation as to what the economy was going to look like in 2013 as we were going into the fiscal cliff negotiation at the end of last year, we've now seen in three consecutive months the third being this morning that durable goods orders rose. and in fact trailing three month advance in core capital goods orders is the biggest since the middle of 2011. so you have this mountain of cash in corporate america today. capital stock in the united states. it's the oldest in decades at about 17 years old. i think what we're going to see is a capital spending revival regardless of having to overcome the near-term hurdles which i'm not going to say is inconsequential but they're not insurmountable. >> what do you attribute such a big move in the markets if things are so uncertain? >> there hasn't been participation. the market and the economy are two entirely different stories right now unfortunately. you're not seeing a lot of volum volumes. money managers cannot actually participate in size in these names. they're being very, very cautious. >> and you're watching volume closely. >> exactly. >> volume has not been there. >> it has not been there for a long time. and it's continuing to decrease. >> mark, let's talk about sectors that you would buy given you are more optimistic or bullish on this market relative to dani here. >> that would be a space that i would avoid, maria. the fact of the matter is we knew that defense spending both the united states and even outside the u.s. was declining as austerity measures are taking a grip in economies all o efr the world. had somewhat of a reprieve because it has rallied nicely over the last three months or so. rather redo think the underlying fundamentals are sturdy and are likely to accelerate as the year goes forward. we actually like industries for instance like basic materials like energy and technology. >> energy and technology are the areas you would be putting new money to work then? >> absolutely. energy was a laggard last year only up about 4%. we think we'll see higher oil prices in 2013. that bodes well for major integrates to the oil services companies. >> dani, if you think we're going to see a market disruption, what groups will lead that? >> i would think defense absolutely. i think technology. i think financials. they could all pull back. that's not to say you stay out of the market. i would absolutely buy on dips. i do agree that the underlying strength of the economy is starting to come back. we're starting to see that leveling off. we're seeing housing do well. employment is doing a little bit better than before. >> wait for the dips. >> wait for the dips. >> good to have you on the program. we'll see you both soon. appreciate it. so do you want to live near denzel washington? how about sting? for a cool $23.5 million, you could be their new york city neighbor. robert frank is up next on whether the ultrahigh-end real estate market still has potential for gains. and what else could trip up the market decline? looks at potholes on the global frontlines. that's next. also trying to forge a path for the 11 million illegal immigrants in the united states. a group of senators from both sides of the aisle are agreeing on a proposal to reform immigration laws ahead of the president's announcement tomorrow. back in a moment. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. 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[ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. welcome back. don't get too complacent. wall street's steady rise could go off the rails if we hit problems on the borders. michelle caruso-cabrera with the story. >> most of the news has been good. signaling investors are less worried about their ability to pay off debts. however euro skeptics warn seven are in recession. it's possible that germany falls into a recession as well. so they aren't out of the woods yet. don't get complacent about europe. did japan just start a currency war? announcing a full on assault on inflation. that's likely to weaken their currency and a lot. making it more difficult for the u.s. and europe to increase their exports. where does it end? what kind of unintended consequences could it bring? the third possible derailment, china. not the pace of their growth which has recovered. china worries more about political risk because the country has new leadership for the first time in ten years. and if the country is going to keep growing, they must do some very controversial reforms. that's going to lead to some kind of internal distress as investors try to hold on to power. and the final wild card, iran and its nuclear ambitions. there it's hard for the markets to measure what could happen. >> okay, michelle. thank you. a group of bipartisan senators meanwhile have agreed on a proposal to overhaul immigration laws. let's get to eamon javers in washington. >> hi, maria. we saw something in washington that we're not used to seeing these days. a real bipartisan press conference here on capitol hill. as you say those senators unv l unveilings their proposal for immigration reform. and they explained how quickly they think this legislation could move as well as why they say they need to work on it. >> it's our hope that these principles could be turned into legislation by march and have a markup by chairman leahy's committee with the goal of passage out of the senate by late spring or summer. >> i am clearly new to this issue in terms of the senate. i'm not new to it in terms of my life. i live surrounded by immigrants. my neighbors are immigrants. i married into a family of immigrants. i see immigration every single day. i see the good of immigration. >> they laid out their four pillars of immigration starting with a tough but fair path to citizenship which is contingent on beefing up border security here across the united states. also reform the immigration system to attract the best and brightest and they say they would award in key areas. and employment verification system and hold employers accountable for hiring somebody who doesn't fit the standard. and finally they would provide businesses with the ability to higher workers when americans are unavailable or unwilling to fill chose jobs. but don't necessarily jump to the conclusion this is a done deal. although this bipartisan group does signal some significant progress, we're still waiting to hear from the president on this. he'll weigh in tomorrow in las vegas. then of course the house of representatives has a chance to weigh in as well. >> all right. we'll be watching. thank you for much, eamon javers. over to bertha now. >> we've got earnings out from ibm where their earnings, fire. they saw stronger earnings than expected. their outlook for 2013 and the first quarter that is disappointing the street. they are projecting 14% to 16% growth for 2013. but the street was looking for about 18% growth for the year. that conference call going at around 5:00. back to you. >> all right, bertha. thank you very much. bertha coombs. talking to one of new york city's most exclusive real estate agents next along with our wealth editor robert frank. plus an exclusive look at some of the city's most expensive apartments. later on, earnings on parade. first thing tomorrow morning. we'll tell you which could catapult to new heights. back in a moment. obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i got a medicare supplement insurance plan. 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>> everything's quieted down a bit as expected. i think we need another big tax increase to rally the troops so we can get everybody rushing to buy again. but everything's now back to a normal if not slightly less than normal place. >> we saw that listed for $35 million. it sold for $26 million before the end of 2012. >> correct. >> so that was basically -- >> that was a year end sale. >> are you seeing any trends other than people digesting the tax changes? >> no. i think people are digesting the tax changes. i think the tax changes were better than expected. so when we were looking at numbers and projecting wow what is the savings? we were looking at much bigger numbers. i think they were happily surprised for a change. so i think that's all good. but that said, the rush and the urgency is over. >> the rush and the urgency is over. that goes for some vacation spots too. everybody was rushing because of the tax change. robert let me ask you who's in this market right now? you said russians were coming into the market. but it's a lot of foreign money. >> it is. that's one thing that hasn't changed from september. yes we have the lower taxes now. what has not changed is the russians, the chinese, a lot of the foreign buyers they want to get money out of their countries into some place safe. i call these safe deposit boxes with a view. basically they're looking for a safe place to park their money. i'm curious what dolly thinks. but i see that decelerating with the political uncertainty in china. >> what are you seeing? >> absolutely. it's new york, california, all the usual suspects. we're trying to get a few chinese buyers to look at florida. they have not looked at florida at all. miami, palm beach, or any big hot spot. we're trying to get them interested there. if they do get interested, that becomes a super surge in that market. >> and what's your sort of sales pitch? do you think that once you buy into a place like new york or california that the values stay pretty steady? i mean, what's the sales pitch buying into these big cities? >> i think b the rental is very good if you want the exit strategy of a rental. they're good. so it makes sense. even today on a return basis. and i think the appreciation we've shown over the years not that that's really necessarily telling anything about the future, but what it has shown is good. and comfortable for these people. >> well, there aren't many alternatives around the world. you can see these big cities. you look at europe, europe still has problems economically. >> and when you talk to a lot of the wealthy foreign buyers what they say is on a value basis -- and again they're not comparing the upper east side with downtown. they're comparing new york with beverly hills, with london, with moscow, with parts of brazil. they tell me new york is a good value for a dollar on dollar basis. considering our relatively stable government, our rule of law, and all those issues. so it's still a good buy. >> and lon dop's very expensive now. so london had a big boom and we're finding that that's quieted down quite a bit. >> what about pricing in the united states? in new york, for example, are prices getting up there at this point? or do you think there's still values? >> i think the peak is still a value if you look at it vis-a-vis london and hong kong. >> so even though they're at a peak, they're much better than the international hot spots. >> exactly. >> supply. what about supply? >> you know, that's my big question. i was talking to brokers in aspen and palm beach and they say there aren't homes left. there is less quality inventory at a reasonable sale. that's what they're worried about with sales. i'm curious what dolly thinks of good quality inventory in new york. >> i think there's enough good apartments and enough good homes to go around for every buyer that seriously wants to pursue it. the question is is there enough appetite? i'm going on pitchings for whisper listings. the $80 million and $90 million homes. >> which we'll never see. but they're for sale for the right people. >> i say there's enough inventory for a buyer pool. question is will the buyer pool really step up. >> what about the couple levels below that? not necessarily $80 million but the multimillion dollar homes? >> i think there's enough inventory. a lot of the inventory isn't on the books so to speak. you'll look at a building and look at 737 park. my data base would say there are five apartments for sale. really there's 40 for sale. it's not showing every sale on the market. >> you would characterize the market as what for now for high end real estate? not necessarily the top top. >> i would categorize the market as good. okay? it's good and steady as she goes. >> okay. >> and the only thing i'd add is dolly doesn't mention her client base has changed dramatically. it used to be wall street and now it's foreign buyers and entrepreneurs. that change is client base has been great for the new york market. >> that's a great point. thanks very much dolly, robert. you can catch more of them tonight in the new episode of "secret lives of the super rich mega-homes." that's tonight on cnbc. after the premiere, join dolly for a twitter q & a. use #askdolly. thanks very much. up next, will the dow resume the march towards an all-time high tomorrow morning? our market pros will weigh in. stick around. next on "the closing bell." welcome back. 30 seconds on the clock. our next guests will tell us what they think will move the market tomorrow. let's find out what we need to be prepared for. with me, brian, stephen and darren of yorkville capital management. good to see you, guys. brian, kick it off with you. what do you want to be prepared for tomorrow? >> all right, on new economy, we've got the earnings coming out tonight from yahoo! and seagate. going to be focusing on that. looking at the housing market, obviously, coming off that weak pending home sales report today. see what we get out of those numbers tomorrow morning. also, looking at the consumer side of things. harley-davidson reporting tomorrow morning. big picture, we've seen resiliency in the market. you could see a pull-back and we'd be buyers. >> all right, we'll be watching that. thank you, so much. stephen, you're up. what are you watching for tomorrow? >> sure, to be fair, i think the real data is going to come out later in the week to break the s&p range. but tomorrow, i think consumer confidence is going to be important. it's basically the exit polls from washington are pretty horrible and that will be the first peek into whether or not it's really eroded confidence. tomorrow night, we're going to see amazon earnings. they are kind of like fedex and ups used to be, how the consumers are spending. don't expect too much in terms of the translation of the bottom line. looking at revenues will be important. >> thank you so much. darren, you're up. go for it. >> thank you, maria. as experts in u.s. energy, we're focused on all things to do with mlps. in the first quarter of the year, we witnessed distribution increase by 8.5%. we have two names coming out tomorrow with earnings. so, we think things look very good for the u.s. energy patch. specifically for infrastructure. >> all right, thank you very much, everybody. we appreciate it. see you soon. we'll be watching the market tomorrow after we had some weakness today, on the heels of a tremendous run. take a short break, and my observations from the world economic forum in switzerland. that's up next. back in a moment. ♪ [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. and finally today, my observations from davo, the world economic forum, the annual world economic forum gathering with leaders from around the globe. this year was definitely more optimistic than the last few years. the overall tone was that the global economy and the mood was continuing to improve. in fact, there was a lot of talk about the united states. many players saying that it is the best shape, relatively speaking, given the housing rebound, as well as all of the corporate cash sitting on balance sheets. a lot of interest in multinationals from the u.s. but many mentioned the self-inflicted worried in washington. still a lack of compromise on spending cuts and that could respect and interruption to the positive economic story here in the united states. but given where rates are and the trouble in europe for many, the u.s. continues to look like the best and the most investable idea globally and we continue to see money moving into stocks and as robert frank just mentioned a short time ago, there are also floods of foreign money coming into real estate in the big cities in the united states. also, a big talker in davos, shale gas. people looking for the potential of shale in the united states is arguably the most important economic positive we could see in the coming year or two. tra fracking could lead to a flurry of new job creation. a lot of people talking about shale and the opportunities. there were positive comments on the emerging markets, as well. in particular, mexico. we spoke to the finance minister of mexico who discussed a budget surplus as well as other economic catalysts to justify so much new money moving into his country. latin america, overall, a very fertile area for investors. just today, colombia lowered its key interest rate to 4%. china, another top topic out there. i could not find anybody who was seriously worried and the alleged slowdown we keep talking about in china. we all know that china is still growing a lot faster than most other countries, even if the growth there has slowed from a peak of 11% to around 7% in china. beyond china, though, southeast asia, a bigger opportunity with money flowing into places like indonesia, vietnam and other high population areas throughout southeast

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