a sandra bullock and a bombshell. the baby that sandra says she adopted with her estranged husband jesse james and have been in the process of adopting since early this year. they ve kept it secret all this time. she talks about him, the affair and what the future holds as she breaks her silence to people magazine. we ll have all the exclusive details today, wednesday, april 28th, 2010. captions paid for by nbc-universal television and welcome to today on a wednesday morning. i m matt lauer. i m meredith vieira. and, boy, did you watch those hearings? i watched parts of it. it got really heated at times. it sure did. they really grilled those executives. the grilling lasted some 11 hours filled with heated exchanges between lawmakers and those past and present leaders of goldman sachs. some of the executives expressed compassion for americans who lost money during the financial meltdown but they all seemed to feel they were operating within the rules of the
cnbc, first in business news! all right. their mouths hopefully to your eyes. thanks for watching. time now for the closing bell. technology earnings back on the forefront and we are live here at the nasdaq covering the action in tech, microsoft leading the way, and investors are gearing up for another slew of technology results along with numbers from american express after the bell. hi, everybody. welcome to the closing bell, i m maria bartiromo today coming to you from the nasdaq marketside. it is busy afternoon in times square and investors keeping a close eye on the after-bell results out tonight from likes of microsoft, and amazon.com, and american express. we have instant analysis coming your way on the numbers and the investor reaction. the issue of the day is financial regulation taking center stage in new york after president obama spoke before executives in new york earlier today urging business leaders to support his push for more oversight. we will have m
struck me today was the fact that a number of analysts pointed out the fact that the momentum is there, but as you say people are not satisfied with parts of this rally, and the retail investor is not in yet. so, we still have momentum, and we don t have the cash on the sidelines coming in yet, so it looks like there is more to go, but this market is hard to satisfy people right now. the important thing right now, i think, sue and david, is that we are at 11,000 here, and we are psychologically, that is important. and 1,200 on the s&p 500. yes, 1200 on the s&p 500. and yes, the s&p 500 that people are looking at closer, because of the run it has had over the last year. yes, and 1,200, this means 15 times forward earnings, guys, and that is not bad considering where we were, and the problem is and the guests have said it earlier, that you need to get some real earnings growth to move the market to 1300 on the s&p 500. and not to mention rates going up and being
out excess reserves that are a trillion dollars or not because before they couldn t pay interest on it. so if there were good opportunities people would just lend the money out and get really rapid growth to money supply. do you see the fed having a meeting and deciding that the interest rate on reserves will be x and not the fed funds rate? i think it s going to be a long time before it s just that. i think it s they ll be moving together. they have a particular spread that they ll be deciding over the fed funds rate target and so i think there will still be discussion of the fed funds target that s not going to go away. once inflation shows up it s too late. right? that s exactly why the fed focuses on forecasts of inflation, expectations and trends. it doesn t wait until the inflation comes up because it would be too late then. people say the fed never gets it right. how do you respond? let s look over the last ten, 15 years. we haven t had explosively high i
welcome back to the floor of the new york stock exchange for the closing countdown. market looking at a triple digit loss. we ll close below 10,000 for the first time since last november. that selloff picking up steam as we headed towards the close. we also saw the dollar index move to just about the highs of the day. that s when the market took a leg lower. volume weak today. electronic arts earnings in minutes coming up with maria on the closing bell after this bell. it is 4:00 on wall street. do you know where your money is. hi everybody, welcome back to the closing bell. i m maria bartiromo. we re following the close tonight. a triple digit loss for the dow. stocks extending loss late in the trading session today. the strengthening of the dollar and ongoing concerns over debt in europe. the dow will close below 10,000 for the first time since november and we re very close right now to 9900. john thain heading back to work. the former merrill lynch ceo has been named