Is sustainable enough yet. Thats really been the talk anyway. Yes, we know at some point the tapering will begin. But will the economy be Strong Enough to actually allow for that september beginning . Were going to get more on this marketmoving news later in the program. Ben bernanke will be speaking live, about an hour from right now. Hell be taking questions, as well, including when the tapering might begin. Something, of course, of keen interest to investors, it seems. You will see it here live when that begins after 4 00. Also, the Eliot Spitzer saga continues, believe it or not. Before you discount what his role would be as new york citys comptroller, it is becoming clearer now that the power of that office could be much more vast than anybody ever thought. Including the power to subpoena. Is that why he wants the job . The banks certainly want to know what the answer is to that question, and well be looking into that coming up in todays program. You can look at what he did as the
While. That from the bullish ben willis. Thank you, sir. That does it for the first hours of the closing bell. Dow down 25 points. Stay tuned for ebays earnings among others with the second hour of closing bell and Maria Bartiromo. See you tomorrow. And it is 4 00 on wall street. Do you know where your money is . Hi, everybody. Welcome back to the closing bell. Im Maria Bartiromo on the floor of the new york stock exchange. The market is snapping up a fiveday winning streak. The Dow Jones Industrial average finishing lower today after five days of gains. As you can see, the Dow Jones Industrial average down about 27 points at 13,508. Nasdaq and s p 500 higher just by a fraction. The nasdaq picking up 6. 75 point. Certainly sold off from the highs. By the end of the day, Technology Still one of the better performers on the street. S p 500 higher by a fraction. The banks mixed to fractionally better on the session. Just moments away from ebays quarterly numbers. First though lets get str
Todays statement looked very much like the last statement. After that statement came out, money did move into stocks. Even though we know weve got some stocks for sale going into the final hour, we are we are pretty strong and in record territory in the s p 500. And for the dow as well. And for the Dow Jones Industrials. So this would be the secondbest month of the year if you like that. To stay tuned. All kinds of statistics to throw at you like that. Real good stuff. For more on how the fed has impacted the market, were joined by edward from jhs capital advisors, michael from destination wealth management, michael from panto portfolio and our own Steve Liesman and rick santelli. Lets kick it off with you, steve. What did you hear from the fed . Reporter i thought two things happening, what was in the statement and what wasnt. Let me do what was in the statement real quick. The economy was changed from being moderate to modest. A very slight downgrade to the economy. Inclusion of the
Hello. This is todays Worldwide Exchange. Im ross westgate. And im kelly evans. Rio tinto shocks the market. The mining giant reveals it will book a 14 impairment charge. And boeing hits more turbulence. This as top rival airbus gets set to report its commercial results within the hour. The biggest retailer in paris talked about sales improving in the Fourth Quarter because of strength in its two biggest hkts. And bank of america and citigroup will report earnings in the u. S. With mortgage lows expected to weigh on results. Hello and welcome to todays Worldwide Exchange. Plenty to get to on the corporate front. Maybe things are getting better. So much corporate thus. Much less of the European Central Bank Crystal Ball action. Well get to all of on those stories. Were going all over the world to bring them to you. Rio tintos ceo steps down ask well ask whether the miners mozambique actions are to blame for his sudden exit. Boeing is set to report 2012 orders. Here in london, well take
Streak. The nasdaq, a 14day win streak. But both are on the line at this hour. The s ps down 7 points, the nasdaq down 14. We want to show you the dow. A rather ironic twist here. The dow was down 68 points at the low around midday. And then, with some fed speak coming out, you had Kansas City Fed president , Esther George, one of the great hawks on the fed, came out with her hawkish comments, and it was around that time that the market came back. So were down 41 points right now. Well see if we can continue that trend higher as we head toward the close here, maria. Bill, volatility is back in the game. In a half hour, my exclusive interview with Mary Jo White, former u. S. Attorney for new york Southern District, making waves in her new role as she serves notice to the banks it will not be business as usual. What does she mean by that exactly . Well ask her about that and a lot more coming up, Mary Jo White joining me. Also, about an hour from a widely anticipated Earnings Report from