jackie deangelis has more on the higher prices at the pump, and where prices might go from here. >> reporter: when it comes to the overall health of the economy, it's not just about the numbers and fortune 500 companies. a large part lies with the consumer. when consumers are feeling optimistic, they spend. when they're fearful, they pull back. consumer prices rose the most in nearly four years in february. this comes as gas prices surged, increasing inflation pressures. the gasoline index alone shot up 9.1% last month, accounting for nearly 3/4 of the overall gain. gas prices hit a four-month high of $3.78 a gallon toward the end of february. that price is up around 15% since the beginning of the year. >> there was never that fourth quarter dump in the price of gasoline that we usually see every year. and that was really attributed to sandy and the problems it caused with the refineries on the east coast. >> reporter: despite that jump, prices in gas have come down over the last week by an estimated 7-cent drop. while that's encouraging, some experts are saying this is just the tail end of

for "nightly business report," i'm jackie deangelis. >>> while energy prices creep higher, so does optimism about the recovery in the u.s. housing market. one of the nation's largest home builders say the fundamentals in the real estate turn around are strong, and that an increase in home prices is not a bad thing. >> what we're seeing is that prices are moving up, not because costs are moving up so much, but because demand is getting so strong, we're seeing some freeing up in the mortgage market. so there is some liquidity out there. >> two subsidiaries of is sc capital hedge fund are paying a record amount to settle insider trading charges. the units have agreed to pay more than $600 million to settle claims from the securities and exchange commission over improper trading in two stocks. the s.e.c. said it might still investigate individuals at the firm. >>> on capitol hill today, jpmorgan came under fire at a senate hearing. bank executives were grilled about more than $6 billion in trading losses due to a series of botched trades orchestrated by a trader now infamously known as the lond

jackie deangelis explains. >> reporter: the bulls are at it again. another day, another all-time high for the dow. but despite the impressive run, there's an underlying tug-of-war being played out in the u.s. economy. >> we had a couple of huge risks hanging over the global economy for the last year. china had the hard landing, the euro break-up, would america fall over its fiscal cliff. none of those things happened. >> reporter: but several good things have happened including more signs today of a turnaround in the labor market. the number of people claiming initial jobless claims falling last week to a lower-than-expected 332,000. that following last friday's february employment report which showed the unemployment rate fell to its lowest level since 2008. but while the outlook on jobs is improving, inflation is putting more pressure on u.s. businesses. producer prices or the cost of businesses to manufacture goods rose again in february, climbing nearly 1.7% in just the past year. pushed higher by rising gas prices. at the same time, the u.s. dol

jackie deangelis with an early look at whether the strong trend will continue today. good morning. >> good morning. it was one for the record books and the market raly is set to march on today. the dow closing at an all time high on tuesday as the markets erased all of the losses from the recession and financial crisis. stocks were boosted by a report showing the service sector is at the highest level in a year. analysts saying the market may be fuelled by the interest rate policy and corporate a profits though unemployment remains high and washington is grid-lock over the budget deficit. five stocks did the heavy lifting -- disney, home depot, 3m, johnson & johnson and travellers. the dow rose 14 points to 14,253 topping the previous record from october 9, 2007. the nasdaq gaining 42 points and the broader s&p 500 rising 15. the s&p 500 now just 25 points away from the all-time high. also this morning a trade group for the casino industry sent state regulators to bar an online gaming company from making a return to the u.s. market. poker stars based on the isle of ma

cnbc's jackie deangelis, thank you. >>> and we're going to take you live now to jerusalem. the president running ahead of schedule. he's about to deliver his much-anticipated speech at the jerusalem cultural center to a bunch of youth. let's listen. >> -- and the friendship that binds us together. you know, over the last two days i've reaffirmed the bonds between our countries with prime minister netanyahu and president perez. i've been witness to the ancient history of the joewish people a the shrine of the book. this is a nation of museums and patents, timeless holy sites, ground breaking innovation. only in israel could you see the dead sea scrolls and the place where the technology on board the mars rover originated at the same time. [ applause ] but what i've most looked forward to is the ability to speak directly to you, the israeli people, especially so many young people who are here today. to talk about the history that brought us here today and the future that you will make in the years to come. now, i know that in israel's vibrant democracy, every word, every gest

for that and a look at your day on wall street, we say good morning to jackie deangelis live at cnbc world headquarters. hey, jackie. >> good morning, marla. futures are lower at this hour as markets are coming off a positive week. the dow of course will try again to top its all-time closing high. it actually came within 57 points of that mark on friday posting the third highest ever close. meantime, no economic data today but investors looking ahead to friday's important jobs report. the dow rising 35 points on friday to 14,089. nasdaq up nine points to 3169. washington may be gridlocked over whether to raise taxes on the rich but it does appear that wealthy families are paying iie of the highest tax bills in decades. a study shows that for 2013 families with incomes in the top 20% will pay an average of 27% of their income in federal taxes. the top 1%, that's people with incomes around 1.4 million, pay about 35%. those rates include income, payroll and estate taxes. they are some of the highest rates we've seen since 1979. most families in the bottom 20% won't pay any taxes due t

let's turn to jackie deangelis live at cnbc world headquarters. good morning, jackie. >> good morning, laura. futures are higher as investors are waiting that big news of the day, the february jobs report. economists expecting another month of steady job growth but not enough to significantly bring down the unemployment rate. forecast calling for an increase of 160,000 company payrolls but jobless rate ticking down to 7.8%. stocks rose on thursday with the dow hitting another record high. that was thanks to positive economic data. the dow rose 33 points to close at 14,329. the nasdaq hitting a 12-year high up nine points to 3232 at the close. meantime, a judge has ordered macy's and jcpenney into mediation to try to settle their dispute over which department store has the exclusive rights to sell martha stewart brands and products. it can still sell window covers and other products that are not covered by the macy's contract. guys, back to you. >> thanks for the update. >>> let's check in with meteorologist christina loren to check out what's happ

jackie deangelis is here with what's moving your money. seven of the days have moved the dow deeper into record territory. what's fueling the gains? >> a few things. strong corporate earnings and concrete signs that the economy is slowly improving. like last week's monthly jobs report and yesterday's retail sales report showing that consumers are still spending despite the 2% payroll tax hike. keep in mind that valuations are telling investors that equities are not overpriced. based on the s&p 500, it's 16. that's below the average that we've seen since 1988 of 18.8. there's still stocks out there that are cheap. a word of caution, when the market runs up, analysts predict a correction soon after. beware of these stretches. >> meantime, there's a new survey out. i thought it was interesting. there's a big shift in the attitude of working moms. >> that's very true. according to a pew research study. a big spike in the number of working moms that said they prefer to work full-time. 37% said that. that was up from 21% in 2007. it comes at an

jackie deangelis is live at cnbc world held quarters and joins us now with all of the details. good morning, jackie. >> good morning. futures right now slightly higher to flat at this point after the dow pushed to another new all-time closing high yesterday as you said. investors cheered on by a better than expected report on private sector job growth. now today we're going to get data on unemployment. also the trade deficit, productivity and labor costs and consumer credit as well. the fed releasing results from the latest round of bank stress tests this afternoon. we saw the dow rise 42 points to close at 14,296. the nasdaq slipped one point yesterday to 3222. >>> the national transportation safety board will give an update this morning on its investigation into the battery issue on boeing 787 dreamliner jet. this coming as reports say the faa is close to approving boeing's battery fix. the dreamliner has been grounded for seven weeks and cost an estimated $350 million. laura, back to you. >> thank you. have a great day. >>> 4:47 right now. we check back in with christina lor

i'm jackie deangelis. take a look at material and industrial stocks, on the move lower today on worries about china. this, of course, coming after china announced new cooling measures for home prices. that on the back of the shanghai composite suffering its biggest drop since august of 2011 and taking its toll here as well. take a look. cat is down more than 2%. rio tinto, u.s. steel. scott. >> you want to trade some of these names? >> i think caterpillar is a buy. it's not exposed to residential. it's more commercial and industrial. i'd be buying cater pillar. >> overreaction to a headline, doc? if you put the "60 minutes" thing, plus the news out of china, everybody's getting scared now. >> well, no, that's the problem. they're not getting scared -- >> down almost 4%. >> well, yes because when they say they're going to put their foot on the brake, they really do it. here we talk about it and we talk about strong dollar. >> that's why everybody's getting scared. what happens if china's growth is a real pr

. >> reporter: for "nightly business report," i'm jackie deangelis. >>> let's delve deeper into the rally and get a pulse of the individual investor. brian belski and john sweeney, heads up retirement services for fidelity. welcome to both of you. mr. sweeney, let me begin with you. i know you have a survey that you'll give us a sneak peek look at tonight. it doesn't really come out till tomorrow, in which you look at what you call high net worth investors, people with more than $50,000 5 $250,000 in investable assets. the survey indicates that those individuals are getting more bullish and specifically more bullish on u.s. stocks. tell me. >> that's right, tyler. so we're pleased to see that we've been trying to get into the market for about 14 months now, it's really resonating with invest investors. you've seen this in the flows over this period of time. certainly the recent euphoria in the market has been something that attracts a lot of media attention. what we try and remind investors is not ten days but ten years is what you want to be focusing on when it comes to equities. >> let

that's why we go to jackie deangelis, jackie? >> gold closing down more than 5 bucks in the section today. a rough run for the precious metal. we have seen five consecutive losing months. that's the most in 16 years. we have a little buying this morning but couldn't maintain the momentum. rest of the complex lower as well. particularly copper prices losing weak data out of europe and china. we do want it point out that silver is a the only thing that caught a bid after bid today. rick? >> if you look at a dave ten, yes, down three on the day. but we are down 11 basis point on the week. open up the chart on the year to date. closing last year to 176 yield. here is what is interesting. look at the same chart for a boom. even more of a correction going and what is noteworthy there is they were down 16 basis point on the week. closing around 141 yield. if we look at british pound, most looked at chart of the day on the intraday you can see we close at 15160. not only yesterday but last friday. opening the chart up back it june of 201

jackie, deangelis is looking a the the sectors for us. hey, jackie. >> hey, sue. hopefully i can pick up where jim left off. that's the million dollar question. is it too late to get into this market? and if not, where do you look? it appears there is opportunity out there. consider this. of the s and p large cap sectors there are still six showing meg performance. now financials doing the wrors et as a group still down nearly 50% since the last peak. materials, utilities, industrials, energy, they are still showing single-digit losses. some analysts say these underperformers could outperform this year. take industrials for example. ge still down more than 40% since the peak. within the financials, keycorp, and bank of america. still down more than 70% each. also looking promising with names like dow chemical down more than 25% since the last bull run. so start looking for some of that gold. back to you, sue. >> thank you very much, jackie. mary thompson joins us now. she has a market flash. >> hey, sue. take a look at johnson controls. popping up from reuters say

for more, let's go to jackie deangelis. hey, jackie. >> -- since january, the yielden on the ten-year creeping closer to 2%. jim, let's start with you. is this the great rotation that investors have been looking for? >> you know, i'm not ready to jump into the whole great rotation camp. to me it's just garden variety risk on. people are buying the stocks, the stocks are drawing in money from printing new headlines. i am impressed with the rates they've risen over the past couple of days. remember, a the the end of the day, the fed is still buying bonds and right now that's good enough to keep the bonds in somewhat of a tight range. i don't think it's a great rotation but i think yields are going up a bit. >> if you had to put money to work right now, would it be in stocks or bonds? >> well, i think you've seen the yield has been slightly better than that and then in the bond market right now. look at the inflow from the beginning of the year. i'm with jim, i need that yield to settle above that 2.05% and maybe the rotation

jackie deangelis. >> happy friday. the energy complex down across the board this morning. we're looking at west texas intermediate, above $90 a barrel, but down more than 1%. brent earlier in the session slipping to a six-week low. a couple of reasons for the declines here. we're looking, of course, at concern over the sequester. but also the imf saying potentially these cutbacks could curb not only u.s. but global growth. also the most recent data out of china indicating that domestic and foreign demand slipped a bit. so a bit of a perfect storm here to send energy lower. in the metals complex, gold is regaining some of its lost ground yesterday, seeing a little bit of safe haven buying ahead of the equity session today which is lower. >> thanks very much, jackie deangelis. >>> which ceo has just been added to cramer's wall of shame. plus, macy's versus jcpenney, going head-to-head in open court over domestic diva martha stewart. ron johnson takes the stand. we're live at the courthouse. >>> the dow moves further away from the all-time high in 2007. look how apple was tra

prices about to close and jackie deangelis tracking action at the nymex. hi, jackie. >> we dipped briefly into the red but looks like we're rebounding into the close here. while the metals so strength, gold was actually the worst performer. if we do close higher we are going to break a four-day losing streak. that is important. we did see short covering and a little buying on the back of those figures out of china seeing a little bit of stimulus there. hopes of a continuation of easy monetary policy lifting up the precious metal today. overall a very cautious tone in the pits today before friday's jobs report. all eyes on that. meantime platinum and palladium that did better on a percentage basis today. seems like we see some buying skewed more into the cyclical metals here. a little bit afrotatiof of a r. some has gone into equities. the risk is on today. >> thank you very much. the dow soaring to the new all-time high. adding onto its advances up 150 points. where is the really big money going? well, we're going to find out because we have more than $700

jackie deangelis has this take on investors' appetite. >>> pinnacle foods will be trading tomorrow on the stock exchange under the symbol of pf. sources say that the offering side will be roughly around the expected 29 million shares. the deal size, 580 million puts the company's market cap above $2 million. proceeds from the deal will be used to pay down debt. this is backed by private equity firm blackstone, whose stake would be worth roughly $1.5 billion. pinnacle is best known for its famous household brands, including duncan heines and mor. it's attractive to income-oriented investors. analysts like this company for getting out of lower margin businesses and cutting cross. also, they have mass appeal. >>> correcting some news out of the dow jones earlier, in february at many of the banks, i think it was the cyprus one necessary particular, want to make sure people know the correct term for deposits is down 2.2% on the month. there's a lot of other constructions coming through, as well. slovenia, slightly up. portugal up, spanish banks slightly up. perhaps the correction is about

let's check in with jackie deangelis for details. good morning, jackie. >> good morning again. futures still higher as investors await the big news of the day. the february jobs report. economists expecting another month of steady job growth but not enough to significantly bring down unemployment. the forecast right now calling for an increase of about 160,000 in company payrolls with jobless rate ticking down to 7.8%. we had the dow hitting another record high thanks to more positive economic data. the dow rose 33 points to close at 14,329. the nasdaq hitting a 12-year high up nine to close at 3232. >>> meantime, google's motorola business is cutting 1,200 jobs. that's 10% of the workforce as it tries to return to profitabili profitability. cuts will affect people in the u.s., china and india but they come on top of 4,000 layoffs that were announced last summer. in an e-mail sent to employees, motorola says that costs are too high, it's operating in markets where it's not competitive and it's still losing money. back to you. >> thanks so much, jackie. >>> right now despite all

. >> and jackie deangelis here is on what's moving your money. >> the judge did not approve a $20 million severance package for the outgoing ceo, tom horton. a written decision is expected later. it going to detail the reasoning for that move. but the $11 billion merger was approved by the bankruptcy court. the decision was pretty much expected on wall street. it will be the world's biggest, 6,600 daily flights and revenues in the range of $40 billion. it still needs approval from anti-trust regulators. it's expected to close in the fall. >> and nike taking heat for its new ad with tiger woods. >> it features woods with a quote saying "winning takes care of everything". while woods has used this phrase since 2009, predating the news of his indiscretions which then prompted the breakup of his marriage, the critic is asking if the phrase and ad are appropriate in light of those events. nike issued a statement saying tiger has always said that he competes to win. when asked about his goals, he says he's consistently winning. if winning takes care of woods avenue back behavior, nike dropped l

let's turn to jackie deangelis. she's live at cnbc world headquarters. good morning, jackie. >> good morning, scott. the futures are lower this morning as the markets come off a positive week. the dow will try again to top its all-time closing high. the index coming within 57 points of that mark on friday posting the third highest close. no economic data today but investigators are eyeing friday's important jobs report. the dow rose 35 points on friday. the nasdaq up nine points to 3169. back over to you. >> thank you. quick note. you may have seen this earlier. evernote was hacked over the weekend. bad guys were not able to get critical data but you know it's a service i've been recommending several times. i want to be fair. i praise them when they are good. i'll call attention to them when they have been lax as well. >> i have evernote because of you. >> jon does too. >> we'll keep you're eyes on that one. rob mayeda is back to tell us the clouds out there with a nice silver lining around them. >> we are seeing them high enough from the ground so they

jackie deangelis explains. >> reporter: the bulls are at it again. another day, another all-time high for the dow. but despite the impressive run, there's an underlying tug-of-war being played out in the u.s. economy. >> we had a couple of huge risks hanging over the global economy for the last year. china had the hard landing, the euro break-

jackie deangelis has details on that. jackie? >> reporter: bill, maria, good afternoon to you. well, it's a little bit too early to say whether or not blackberry has a win on its hands with the z-10 here today. we saw the launch of this at&t store in midtown. foot traffic was a little bit tepid, but that's not to say there weren't a flurry of pre-orders online. it's meant to be out there competing with samsung devices and also apple products. wile we've son-in-lonly about t sold here at this story, there are still a lot of blackberry fans out there that are praising this device. >> blackberries have always had the best keyboards, but the way they implemented this with swooip with auto complete is pretty cool. the way to peek at your key hub, and the integration with facebook and twitter. so you can have a hub of all your interactions is, i think, a neat feature. >> now, as that gentleman said, obviously, there are a lot of users out there that are noticing these differences and it's blackberry who are hoping they'll like it and embrace the phone and hopefully pick up a little b

but first, market flash with jackie deangelis. >> hey, becky. a stock halted for volatility, it is trading and up now more than 22%. they won a dismissal over a lawsuit with bank of america. as you mentioned, a lot more of the warren buffett special when we come back on "power lunch." sngs welcome back, everyone, to the special edition of "power lunch." i'm becky quick in nebraska with a special interview with warren buffett. we talk about taxes, death threat and what has been causing the gridlock in washington. >> probably will -- >> it sounds like we are having problems right now with that video coming in. warren buffett did weigh in on washington. he talked a lot about the grid locks there and what he thinks is causing it. he came up with an interesting analogy where he talked about how when you get to negotiation in business you have to have two sides who both kwum to the table and are able to go ahead. are able to o go ahead and negotiate on both sides of it. both sides, he says, needs to be able to say with authority that we are they are n

jackie deangelis, thank you. >>> consumers are generally satisfied with their shopping experiences. here are the retailers with the worst customer service according to the american consumer satisfaction index. number five, sears. cvs. safeway. number two, netflix, and walmart, the lowest rated store in the subject since 2007. ♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. because all these whole grains aren't healthy unless you actually eat them ♪ multigrain cheerios. also available in delicious peanut butter. healthy never tasted so sweet. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. at tyco integrated security, we consider ourselves business optihow?rs. by building custom security solutions that integrate video, access control, fire and intrusi

let's turn to jackie deangelis at cnbc world headquarters. good morning. global news. >> good morning, scott. it was one for the record books yesterday and the market looks set to rally today. the dow closing at an all-time high on tuesday as the markets have now erased all a their losses from the great recession and the financial crisis. stocks were boosted by a report showing the country's services sector is at the highest level in a year. analysts say the market move has been fuelled by the low interest rate policy and record corporate profits, even as unemployment remains high and washington is grid-locked over the budget deficit. five stocks did the heavy lifting yesterday. disney, 3-m, b home depot, johnson & johnson, and travellers. the dow rose to 14,253, topping the previous record set on october 92007. the nasdaq gaining 42 points and the broader s&p 500 index up 15. remember the s&p is 257 poi poi away from its all-time high. back to you. >> we'll look at a revolution facing the board coming up in a bit. >> thank you, scott. 5:17. some people in

let's go to jackie deangelis with more. >>> hey, scott. not only has gold fallen 5% this quarter, but it's set to suffer its first back-to-back quarterly loss since 2001. so will the second quarter bring better news for bullion or is this trade done? let's talk to anthony, gold can't rise on the big concerns surrounding cyprus, is there anything that can turn it around? >> no, jackie, there isn't right now. today is a perfect example. you brought up cyprus and the weaker dollar, which would be supporting the gold, but yet we are down $10. the shorts keeped aing to positions in the market. and if we get another jobs number like last month for the next two months, then you'll be talking gold down three quarters in a row. >> rich at the cme, gold hovered near 1600 dollars for the last couple weeks, if we break that number, what's next for gold. >> jackie, a close below 1590. every retailer says we retest the lows and last year's lows go lower. take a look at the chart here, a picture speaks a thousand words. we have been in a complete down tr

for more on that, let's go to futures now and jackie deangelis. >> the dollar's gain is crude's pain today. the question is, what's the next stop for crude? let's start talking futures now. jim iuorio is with us from the cme and anthony grizzanti is here with me. is this more dollar strength weighing on crude or concern about the global marketplace? >> i think it's dollar strength. that's the focus. but there are underlying factors. weak economies in europe, weak income number in the u.s. and record numbers in cushing. >> jim, it's been a steep decline for crude. at what point do you see support? >> in the longer-term chart, it looks like support comes in around 89.40. that's why -- it's probably the first time i would step in to take a shot. the interesting thing about the global economy is there's weakness and uncertainty in europe which makes the dollar go higher but it makes crude go lower, too. you can't decide if it's because of the global weakness or because of the strong dollar. >> are you buy or selling crude? logon right now and vote. >> thank you, jackie. joe, give me the

cnbc's jackie deangelis is here with what's moving your money. he's 17 years old, and he's rich. >> it's a fascinating story. his name is nick delozio. he wasn't even born when yahoo was founded in 1994, just 17 years old. reports suggest that summly, his news reading app, was purchased by yahoo for roughly $30 million. his app condensing content so that readers can scroll through more information quickly on smaller screens of smartphones. nick is the largest shareholder, but the company was backed by pretty big names. investors include wendy murdoch, ashton kutcher, and yoko ono. one of the most important investors is li ka-ying, one of the earliest investors. so not only is this kid a whiz kid, he's bright but he's rich too. >> and he's not old enough to toast with champagne, maybe a soft drink or too. >> maybe a little illegal for him to pop the champagne cork now, but the report i want to talk to shows he and other americans drinking less soda. beverage digest says consumption of soda fell by 1.2% to its lowest level since 1996. the consumpti

let's go to futures now and the host, the only jackie deangelis. >> good afternoon, scott. venezuela the fourth bigger exporter of oil to the united states so could a power vacuum roil the oil markets now? jim, what does the death of chavez mean? >> we're learning today if that person's viewed as an antagonist and someone that viewed badly toward the u.s., i think there's an opposite. small amount of the down tick in oil because of the death and i also think clearly because of some rumblings of global uncertainty and more important than any of those things is probably the relationship to the dollar. trading similar to gold but i think all of those things are teaming up to weigh on oil. >> okay. jeff, looking at the broader picture here for a second, why is oil not following higher? is it a warning sign for stocks? are you worried? >> well, jackie, it's a big red flag. no doubt about it. we have seen a substantial move down and all the traders here on futures now laid that out. resistance, key resistant of 98. this is a warning and closer to march 27th, all the washington wo

and we are talking about some similar signs for big cap stocks now with jackie deangelis, and we will be joined to talk about standout in techs at the nasdaq which would be stronger if but for apple and however, you get to go first. >> that is right, tyler. despite the losses today, we are poised for one of the best first quarters than we have seen in a long time and up 10% this quarter which means it is shaping up to be one of the best years that we have seen since 1998. strong first quarter performance is key in years past, because it is an indication that the index could see strong gains for the year. there have been 12 other times since 1950 that the dow was up more than 8% in the first quarter, and in each of those years the dow managed to finish not only positive for the year, 100% of the time, but in 10 of the 12 cases, the dow finished with double digit gains. which stocks are driving this quarter's performance, nearly one-third of the index is trading at 52-week highs yesterday with ibm, walt disney, johnson and johnson and utx, and chevron and travelers gm and they were all

jackie deangelis with the details. >> despite the dow losing some ground today, eight companies made new 52-week highs during the session. within the financials, it was american express, bank of america, and travelers. in the tech scope, ibm, utx, and 3m. boeing and johnson & johnson also on the list. even with today's point losses, the dow is still up more than 10% this quarter. and that means that it's shaping up to be the best first quarter for the index since 1998. a strong first quarter has been key in years past, because it's been an indication that the index could see strong gains for the year. there have only been 12 other times since 1950 that the dow was up more than 8% in the first quarter. in each of those years, the dow managed to if i wefinish not on positive for the year 100% of the time, but in 10 of those 12 cases, they finished with double digit gains. many trying to figure out if the first quarter is any indication, dow 15,000 or higher doesn't seem impossible. but keep in mind, it could be a bumpy road to get there, even in the years where we saw first quarter per

. >>> i'm jackie deangelis with cnbc market wrap. modest pullback for the dow, off 25 points. the s&p fell 2. the nasdaq lost 9. one factor in today's declines, consumer sentiment fell more than expected in early march to its lowest level since december of 2011. and consumer pricines rose by t most in four years due to a surge in gas prices. prices were up .2%. that's it from cnbc, first in business worldwide. now back to "hardball." >>> welcome back to "hardball." all politics is local, and it doesn't get more local than your own family. that's especially the case when it comes to gay rights. harvey milke said 3 1/2 decades ago, once americans realized gay people exist in every family and every community, then the myths, lies and innuendo about homosexuality will be destroyed. today we saw a dramatic example of that. republican senator rob portman of ohio had been a reliable opponent of gay marriage until now. today he announced a major reversal. his reason was understandable and very personal. >> i've come to the conclusion that for me, personally, i think this is something

so for more on what's going on, let's go to jackie deangelis, the host of "huchs now." >> that's right -- "futures now." >> that's right. the real question we have to ask is, is the s&p next stop 1,600? how should you play it? we have anthony grizame at the nymex. is it too far too fast for you, or are you comfortable with the pace? >> i thought it was too far too fast 100 points ago. i'm going to stop fighting it. we've had positive numbers in retails sales, jobs numbers. and the economy is growing overall. plus you have q.e. i'm not going fight this. i think we get to 1,600 in the next couple of weeks. i would rather look for a correction to buy than look for a top is sell. >> jim, you've been buying on the way up. for those who missed the rally, should they be holding their noses and buying, or are theren tree points they should be watching to get into the market. >> i think if you're time horizon's short, you can hold your nose and buy it. i think we'll challenge the highs, the interday highs. we may want to challenge the 1,-600. i think there's going to be one more flush of sideli

jackie deangelis explains. >> reporter: the bulls are at it again. another day, another all-time high for the dow. but despite the impressive run, there's an underlying tug-of-war being played out in the u.s. economy. >> we had a couple of huge risks hanging over the global economy for the last year. china had the hard landing, the euro break-

. >>> let's head to wall street, cnbc's jackie deangelis has the latest. good morning, jackie. >> good morning, natalie. investors closely watching the situation in cyprus after lawmakers there rejected a controversial bailout proposal that would have taxed regular savings accounts. the concern is that the debt crisis in the eurozone is back on the table and that could weigh on stocks. later today the nation's top money man, fed chairman ben bernanke, he will answer questions on the economy but what investors really want to know if he's going to continue with economic stimulus. natalie? >> jackie deangelis at the new york stock exchange, thank you. >>> a routine stop gave police officers the fright of their lives. officers approached a man sitting in his parked car, said accidentally hit and killed a deer, stowing it in his trunk. the officers asked to see it, and as you saw, when they opened the trunk the young deer jumped out alive, he made a break for it, darted off to freedom in a nearby forest. surprise. still alive. go, little deer, go, go. >> oh my

i'm jackie deangelis. ticker panw. the stock is down more than 4% today on heavy woman. it looks like there were some sellers out there taking advantage of an ipo lockup expiration today. the company started trading on july 20th last year at $42 a share. now it's trading at $56 and change. might not be a bad time as we're seeing selling. carl, back to you. >> it was one of the big winners last year, no question. >>> if you're confused how sequestration will affect the economy, you're not alone. john boehner said he wasn't too sure how those automatic spending cuts would work. >> i don't know whether it's going to hurt the economy or not. i don't think anyone quite understands how the sequester is really going to work. >> here to help us make sense of it all, steven rattner, chairman of willit advisers. steve, good to have you back. good morning. >> good morning, carl. >> certainly cbo thinks it's going to hurt to a significant degree. who's right in >> i don't think there's any question it's going to work. 4.5% off gdp this year. then on a microeconomic level, unemployed

jackie deangelis has more on this debut. jackie, i know joe is a skeptic now that he's a new i tone -- >> my life is so enriched. >> but i am still completely reliant on this thing. this one doesn't even have the real keyboard, right? >> right. and you make a really good point. a lot of people are still relying on the blackberry. it does go on sale at at&t here today. i happened to get my hands on one here. $199.99 with a contract. it would be $650 if you're just buying the phone on its own. there are no lines here. first of all, we did have a preorder for the phone so people could preorder online and receive the phone today. but also, apparently it was on sale at best buy stores@as of midnight last night. but today, a really important day for blackberry and also the ceo. this is an opportunity to turn things around. a second chance, if you will. blackberry's market share has dropped to 8%. that's according to come sports, compared to apple's 34% or google's 18%. in 2009, blk shares arelty $19%. they have to stay want the ne

. >> cnbc's jackie deangelis is spending the morning in reactions, businesses, to promise what he'll designed now. mern americans now drink an average of 77 billion sodas per year. the average amount of water people drink to about 58 gallons a year now. bottled water is leading that growth with consumption rooizing to 121 gallons a year. >>> and remember we had the guy on yesterday who talked about the mechanics cab battler. >> 43 gallons? >> 43 gallons a year on average. which means somebody is drinking about 80 2k3w58ones. that tells you something that we drink that much water. okay. >> drinking right anyhow. >> water, by the way. >> what do we think about the overturn of the soda drink? >> i think it makes sense. i think the judge was right that it's overreaching and it's difficult to try and enforce the idea that you're going to go out -- >> the judge was saying it would be difficult to forgs on a niert dive offer. >> maybe you did discuss that. how else are you going to tackle an enormous problem without taking some bold and overreaching steps? i think it's fine to do that in a

. >> thank you, jackie deangelis. a crisis in the country averted, and the s&p 500 sitting tantalizingly close to new highs. jason tanerd will join us after the break. as we take a look at the s&p 500 over the past year and what a run we've had. stay tuned. name and not a numb? scottrade. ron: i'm never alone with scottrade. i can always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ suddenly, faraway places don't seem so...far away. ♪ ♪ the new blackberry z10

. >>> to wall street, cnbc's jackie deangelis has the latest. good morning, jackie. >> good morning. the bulls are back on wall street, at least for the time being. the dow shrugging off troubles in europe, logging a triple-digit gain and hitting a record high. the s&p 500 less than two points away from its all-time closing high. the latest batch of u.s. economic data fueling the markets' move higher, also pushing oil prices up. fresh numbers on u.s. pending home sales are due today. housing, of course, has been key to the rally. we'll see if those signs continue to point to a recovery. back to you. >> all right. thank you very much. >>> and some big money troubles for singer dion warwick. after selling more than 100 million records over the years, she filed for bankruptcy. she says she's more than $10 million in debt. much of it owed to the irs and the state of california. known for songs including "do you know the way to san jose" and "walk on by." her spokesperson said she was the victim of bad financial management. >>> a couple of close call

. >>> and now jackie deangelis has the latest from the new york stock exchange this morning. good morning. >> well, action in europe could put traders in defense this morning. this after traders put the s&p near all-time highs. then the market started to digest what the deal could mean for other troubled european countries. and today, the reports on new home sales will be the focus, and investors will try to get a gauge if this housing rekov are i have for real. tamron, back to you. >> thank you, jackie. >> a daring rescue caught on tape. look at euk lclid, ohio, where police had to break the windows to drag the man to safety this morning. he's okay. >>> it was a shot of a lifetime when a basketball fan from oklahoma city when he hit the jackpot by hitting a half-court shot at halftime worth $20,000. the excited fan ran and hugged his girlfriend, but the better part of the story, oklahoma city's kevin durant who is also excited ran and took over showing some love there. boo-yah! 7:15, and back to savannah and matt and al. hopefully that was his girlfriend. >> he instantly kne

. >> all right, jackie deangelis, thanks. >>> a new battle for new york city mayor michael bloomberg. the health crusader has set his sights on smokers, calling for shops to keep tobacco products out of sights for customers, putting them in drawers and cabinets instead. >>> hillary clinton's newly announced position on gay marriage is fueling speculation she'll run for president in 2016. clinton said monday she supports same-sex marriage because, quote, gay rights are human rights. during the 2008 campaign, she maintained that she supported civil unions but not gay marriage. >>> with a potential government shutdown looming later this month, the white house may have to cancel its annual easter egg roll. kristen welker has more. good morning. >> reporter: natalie, good morning to you. the 135th annual easter egg roll is scheduled for april 1st. on friday, the white house sent out a memo to members of congress and other ticketholders warning that if there is a government shutdown, the event could be canceled. here's part of that memo. by using these tickets, guests are acknowledging that