and time magazine s mark halperin. also financier steve rattner. and editor of the new yorker david realmna. a lot to get to this morning. so i m watching bubba watson, never taken lessons, one of the masters. and he s crying. he lost his dad last year. and all there s a just adopted a baby. all these great stories. and my phone starts ringing, you know, when he s breaking down and they re putting on the green jacket. and it s like, what s with these guys running around with green jackets and they re crying? i want to see 60 minutes. well, i didn t understand. you didn t understand what that was. no. can you explain the significance of the masters? we re not crying over a ball. we re not talking about the buick lesabre open in like youngstown. this is the masters. like no other. mika, you missed two of the greatest golf shots ever, ever, in one tournament. oh, my gosh. when you see them, even you will be impressed. no, i don t think so. i s
workforce, is that good, because it creates demand and cycles through or at this point bad, because they are looking for jobs that are not there? well, absolutely not. you cannot grow a economy neglecting half of the population. it is not a matter of crowd taught men, it is added workforce that is needed in certain skills, and it has to change. and it does exist in some countries. i mean n some countries we are working in algeria for example the h.r. director is a female and we find a lot of women in power there, and egypt the same. a lot of the top legal adviser is a woman, and a lot of the very high profile women exist even to an extent in saudi arabia, and they are world class investors, but it is tough in saudi arabia where you cannot drive to work to go to work, it is a handicap that has to change before the percentage of women working changes. there are steps in that direction. but oflbviously, growth cannot take place ignoring half of the population. quickly, tom,
we are headed to texas and we are very excited to make a stand at the alamo. among special reports we are focusing on cybersecurity the capital is in san antonio. that from one of the first states to recover from this recession. we ll see if that gives more optimism to the markets. we ll see the close on the closing bell. a powerful rally on wall street, stocks powering ahead on hopes greece will get out of its debt mess? is this a turning point for the bulls? live from the new york stock exchange, this is the final and most important hour of the trading day. there is a live picture of the floor of the new york stock exchange. we enter the final stretch. this is the closing bell. i m maria bartiromo with scott whopner. money moving into stocks. a bit of a relief rally on the sovereign debt fears we have been focusing on in europe. word that broke a couple of minutes ago as tyler matheson told you germany is considering along with the eu a plan for a loan guarantee
now, some of the emails to our show. we asked you what you thought about cit bringing on john thain as ceo. we got a couple of emails. randy said we venture to say probably nothing on the remodeling because that would be crazy but here s what c.j. has to say. two interesting perspectives on this situation. by the way keep in mind a lot of people say we do need cit to come back businesses. it used largest lender to those businesses. time now foreclosing bell. hi, everybody. this is the final stretch. welcome to the closing bell. i m maria bartiromo. we re looking at negative on the wall street. the dow under pressure, on track for its first close below 10,000 again since last november. weakness in some of the big cap financials setting the tone as we enter the final hour of the trading day. you have some strength in the technology sector. that s holding up fairly well. weaker $. still have the overhang of concerns over sovereign debt. market as you said is down at leas
sufficient accuracy to make the policy appropriate. one thing as you said look at sheer volume compared to customer business. the pattern of gains and losses, which have a strong suggestion of proprietary trading because if you are quickly accommodating a customer they are not likely to be big gains or losses. you don t have to have a cliff prohibition. it s clear that you want prohibition of purely proprietary trading but if the other volume gets big enough to raise suspicion you have the tool of capital requirements that is available to the supervisor to suggest in a particular circumstance there ought to be a very heavy capital charge for this activity. that would automatically limit it. secretary? thank you, sir, chairman dodd. i agree with chairman volcker. i think that there are important questions here, obviously. i think we would basically want to embed in statute the basic principle if it is not customer related it is proscribed, but that if it is related to cust