good morning. banks in cyprus remain closed to avert a pape possible run on xofts. in the u.s., the battle for dell is getting more interesting by the day. now carl icahn is opening the door to a blackstone tie-up. meanti meantime, michael dell is said to be talking to the bidders. boeing s 747 test flight went according to planned. it s tuesday, december 26th, 2013. squawk box begins right now. good morning, everybody. i m becky quick along with joe kernen and is andrew ross sorkin. if you re wondering if cyprus banks matter to the stock markets, check out yesterday s session. equities fell after the euro group s head suggested that the island nation s bailout is a template for bank rescues. stocks eventually came off their low on words that cyprus is not a template, and then they sowed sold off again when the euro group leader said cyprus could very well away template. if you re confused, you re not the only one. stocks were all over the place yesterday. they ended
oversight committee. bernanke added that the benefits need to be balanced against their potential costs and risks. the possibility of more stimulus from the central bank gave investors hope and stocks spiked after that august 22 letter was made public this afternoon. the dow rose 100 points. the nasdaq added 16 and the s&p gained nine points. but in spite of those gains, all three of the major indices were down slightly on the week, their first negative week in a month- and-a-half. robert brusca doesn t believe bernanke will unveil any new policy moves when he speaks at a federal reserve conference in jackson hole wyoming next friday. he s chief economist of fact and opinion economics. bob, nice to see you. you know, people are really expecting something important from bernanke next friday, and in fact, the title of his speech, i understand, is, monetary policy since the great crisis. you re doubtful that anything big is going to come out of this. tell us why. well, you k
response to questions from california republican darrell issa, chairman of the house oversight committee. bernanke added that the benefits need to be balanced against their potential costs and risks. the possibility of more stimulus from the central bank gave investors hope and stocks spiked after that august 22 letter was made public this afternoon. the dow rose 100 points. the nasdaq added 16 and the s&p gained nine points. but in spite of those gains, all three of the major indices were down slightly on the week, their first negative week in a month- and-a-half. robert brusca doesn t believe bernanke will unveil any new policy moves when he speaks at a federal reserve conference in jackson hole wyoming next friday. he s chief economist of fact and opinion economics. bob, nice to see you. you know, people are really expecting something important from bernanke next friday, and in fact, the title of his speech, i understand, is, monetary policy since the great crisis. you r
oversight committee. bernanke added that the benefits need to be balanced against their potential costs and risks. the possibility of more stimulus from the central bank gave investors hope and stocks spiked after that august 22 letter was made public this afternoon. the dow rose 100 points. the nasdaq added 16 and the s&p gained nine points. but in spite of those gains, all three of the major indices were down slightly on the week, their first negative week in a month- and-a-half. robert brusca doesn t believe bernanke will unveil any new policy moves when he speaks at a federal reserve conference in jackson hole wyoming next friday. he s chief economist of fact and opinion economics. bob, nice to see you. you know, people are really expecting something important from bernanke next friday, and in fact, the title of his speech, i understand, is, monetary policy since the great crisis. you re doubtful that anything big is going to come out of this. tell us why. well, you k
bernanke s comment came in response to questions from california republican darrell issa, chairman of the house oversight committee. bernanke added that the benefits need to be balanced against their potential costs and risks. the possibility of more stimulus from the central bank gave investors hope and stocks spiked after that august 22 letter was made public this afternoon. the dow rose 100 points. the nasdaq added 16 and the s&p gained nine points. but in spite of those gains, all three of the major indices were down slightly on the week, their first negative week in a month- and-a-half. robert brusca doesn t believe bernanke will unveil any new policy moves when he speaks at a federal reserve conference in jackson hole wyoming next friday. he s chief economist of fact and opinion economics. bob, nice to see you. you know, people are really expecting something important from bernanke next friday, and in fact, the title of his speech, i understand, is, monetary policy sin