Terms of how effective it is and given the kinds of options that were looking at that would be very limited and would not involve a long term commitment for a major operation. You know, we are confident that we can provide congress all input they need, mindful of that, and have meaningful conversations with our allies around the world about this, but ultimately, we dont want the world to be paralyzed, and frankly, you know, part of the challenge we end up with here is that a lot of people think something should be done, but nobodiments to do it. Thats part of what allows, over time, the erosion of these international standards, and we mean it, and it would be tempting. More comments from president barack obama at the white house meeting with baltic leaders, a meeting that was on the president s schedule, but certainly developments today in international communities, and here at home. The president taking this opportunity to make more comments about the fact that secretary of state, joh
all ahead. first, a huge day on the street today. s&p 500 trying to close at a record high. take a look at how we re selling out on the street today. dow jones industrial up 105. volume on the light side. nonetheless, prices on the upside. nasdaq composite up 27 points today. almost 1%. finishing the day at 3307. s&p 500, 1593. gain of .75%. 11 points higher on the standard and poors. more on today s big rally and bring in eric ristubon of russell investments. andrew keen. doug cody. and kenny pulkari of o neill securities finishing up his trades and will join us momentarily. good to have you on the program. eric, you saw the friday gdp report having an impact today. despite the disappointment, how is that possible? everybody complained that the gdp report was below expectations and here we have more money moving into stocks? yeah. disappointed exactly the right way. when you look below the headline number of of 2.5% and you look at the composition, what you saw is housin
swings it s been pretty herky jerky. the nasdaq up 18 points. still above 13,000, 1400, and 3,000. so ben ber knack key speaking at jackson hole today, but some investors were left with more questions than answers. the speech was a lot about the past, a little on the future and we did move higher basically after the speech. so what should investors be thinking about as we head into this long weekend? from jackson hole, we have julia, jim key, michael giad, and allen gail, thank you for joining us today. julia, thank you for taking time out of your busy schedule at jackson hole. what did you make of bernanke s speech, and putting it context of what we re expecting from mario draghi as well? that s right, i think they had high expectations going into the conference, he delivered a clear and strong case that the fed can do more if needed. he didn t precommit to any particular policy, but i think it s a very qe 3 friendly speech. jim key, that seems to be everybody
open fired at a movie theater during a premier of the latest batman film. the dow jones recording a triple digit loss. down 118 points. financials really the leadership group on the downside, we did have a bit of a options activity at the end of the day here that picked up volume for the broader market here as you see trading at the big board. banks and the leadership board on the downside on the heels of spain and the debt problem there s. the ten year spanish yield up to 7.2% today. that was a problem for the european banks and it crept into the u.s. as well. technology rolling over today, and the s&p 500 down 13.75 points. let s get to all of the action and what is behind the sell off. stephanie link, doug sandler, allen gail also joining me to talk about that. we have the latest details on the market outside of the business world today, the tragic shooting during a showing of the batman film. we will get to the latest on that coming up in the program. let s talk stocks do