Chuck. Dow up again, 45 point right now. Thanks for watching street signs live from the New York Stock Exchange. Closing bell is up next with at least one bigtime two buck chuck drinker. Mandy, youll have to pay up a little bit more. And we welcome you to the New York Stock Exchange on closing bell. Im Bill Griffith here. The dow was up 100 points today. We had this rally continuing here, but we have come off those highs. Well see what we can do in the final hour of trading here. Well see what we can do. Im mandy drury. Standing in for maia. She will be joining us nonetheless very soon from davos speaking with citi Ceo Michael Corbat, the first interview since the controversial exit of his predecessor Vikram Pandit. Look to that very much. Plus a rare interview with controversial billionaire george soros and House Majority leader eric cantor is in davos talking about u. S. Debt issues and seems to be laying down the gauntlet for the next fight with president obama so we look forward to
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
Facebook, yet another important Earnings Report. That stock is still about 40 below the 38 ipo price, incredibly. Wow. And the numbers are being watched closely, obviously, especially the mobility aspect. Julia boorstin will have the results with the best instant analysis, as well. She will speak with the cfo as well. On the heels of the detroit bankruptcy, Meredith Whitney is out with us, out with a dire call on municipalities. She said detroit is another of yet many big dominos to fall. Thats been a long time coming, that whole story coming. It could be the Death Penalty for allegedly ledge fund report, potential criminal charges coming imminently against the firm. This is separate now from those civil charges brought by the s. E. C. And despite the 616 million settlement for Insider Trading charges that the firm paid months ago. Former s. E. C. Head harvey pitt will be here. And past firms facing criminal charges have not done well. We want to get into the impact on s. A. C. And if
Volume on the light side. No surprise. Holidayshortened week and the jewish holidays this week. Nasdaq up 22. 74. The s p 500 up 6. 69, about half a percent at 1,639. Joining me now to help break down the day is amy wu, nathan, bob kaiser from s p capital, and our own rick santelli. Thank you very much for joining us. Bob, let me kick this off with you, get your take on the fundamentals out there. How do earnings look to you as we approach the end of the Third Quarter . Were about to close the books on the Second Quarter. We really need to look forward at this point, maria. The ism data today was great news for the market. So the Third Quarter right now for the ism is running at 55. You have to go back to the Second Quarter of 2011 to find the ism at that level. So it looks like the economy is picking up in the Third Quarter, which is great, because, as you know, the Second Quarter we just came off negative revenue growth. And if revenues are expected to grow 4 over the balance of this
Up for sale. Heres brian schactman. Reporter i touched it yesterday. As a sox fan i touched the sock. Did you wash your hands is this. Do it like southie does. You criticize mine. Sock. Reporter even though its kind of odd, a long song with dried blood back. Those not in the know, want me to keep going like this, sul . 2004. Curt schilling pitched a sixinning world series gem on a damaged ankle so, dang it had bled through the sock, as you see. The sox ended up winning the title for the first time in 86 years. Need this little history level and the sock became an iconic symbol of it. Since retiring from a career in which he made 114 million schillings video game captain went bankrupt and hes selling the sock through heritage optics. Guess were not going to use the sound bite. Show is over. 64,000 is the current bid. Think it may get half a million. Thanks for joining us on street signs. See you tomorrow. Hi, everybody. We enter the final stretch on wall street. Welcome to the closing b