She didnt expect this to happen. Reporter in arlington, a Police Spokesman said when officers arrived they too heard screaming. When they erpd of entered the apartment there was confrontation. Police are still gathering exact details. Neighbors heard two to three gunshot gunshots. One officer received a severe facial laceration and the other a taser injury. Police and medics provided first aid to the man who was shot by police. When they pulled him out, his arm was laying down hanging from the side of the stretcher so i knew something bad had happened. Reporter both officers and the man who was shot were rushed to Virginia Hospital Center where the man was pronounced dead. The officer who was cut underwent surgery. This resident who said he slept through the shooting was stunned to learn that a neighbor had been killed. He was a good guy. Reporter but this neighbor along with others say the man shot by police was viewed as mentally unstable. Some residents describe angry outbursts of s
And the New York Times runs . What are the distributional consequences . Will the rich be paying more . What about the middle class . Shouldnt we be having that same discussion in the conduct of Monetary Policy . If you think about this Monetary Policy, if youve got the freedom, like ken and stan, to devote huge amounts of money into liquid assets, to play the risk game, youre going to be a huge beneficiary. So this is in some sense a policy where we also need to think about the distributional consequences. And this is in some sense a transfer to people that are rich. Trickledown economics. Stan calls this trickledown economic policy. Others can see if it worked in fiscal. Well see if it works here. Its also a transfer to those who are imprudent to those pro are prudent. Dont wait so long next time. Its been unbelievable having you. A great hour. Thank you. Thanks, joe. Thanks, becky. Good to be here. Andrew, well see you soon. Make sure to join us tomorrow. Squawk on the street is nex
A little bit earlier in the show, we asked you to weigh in on the debate, the bull or bear. Weve tallied the results and you said steve weiss, natural bear. Make a better argument. So old. Final trades. Joe. Youre up first. Adding to michael kors. Like the setup 11 times earnings. Steve weiss. Spy 147 put. I hope i lose money on them. Its protection under the market. All right, doc. Southwest energy. My favorite take profits and roll up and out. Thats what they did here. Buying. That does it for us. Dont forget to catch fast money at 5 00 p. M. Follow me on twitter at scott wapner cnbc. Historic day. Alltime record high. Power lunch has the story. This is a special edition of power lunch as the dow hits a new alltime high. And breaking news right here on cnbc. If youre just tuning in, the dow has, indeed, hit an alltime high mark. Im sue herera, the nyse, center of the financial universe. You can feel the buzz. Take a look at the screen. The new high watermark for the Dow Jones Industr
Good morning. Its tuesday, march 5th, 2013, and squawk box starts right now. Good morning, everybody. Welcome to squawk box here on cnbc. I hope this song gets stuck in your head, too. Im becky quick along with joe kernen. Andrew ross sorkin is on assignment today. Our focus this morning is the markets. After yesterdays close at the second highest level of all time, you can see this morning the dow futures are indicated up about 39 points. I believe that is exactly how far away we are from yeah. 38 points from the alltime highs. So well see. If things were to open right now, youd bust through that level right about right now. Well see how things are headed up. The number to watch is 14,164. 53. That is the alltime high that was hit back on october 9th, 2007. The s p 500 nearing records. It is fewer than 50 points away from its record close at 1565. Yesterday, by the way, was the s ps first monday gain of the year. I didnt know that. Dedication to mondays. I wonder what the intraday hig
Todays top story, theres only one. The dow rallied more than 300 points in the last two sez sessions. The blue chip index is now within 89 points of its alltime record rose. Europe is seeing a lot of green in early action, as well, on thursday. February 28th, 2013, squawk box begins right now. Welcome to squawk box here on cnbc. Im becky quick along with joe kernen and Andrew Ross Sorkin. Our guest host this hour is sentinel president and ceo christian swake. Good morning. Thank you for being here and joining us. As you said, it is a good day to here be here. Weve been watching the u. S. Equity futures because of all the actions yesterday. This morning, you did see a few green arrows, but no massive move at this point. The magic number is 14,164. 53. That is the record closing high for the dow. It was reached back on october of 2007. The bulls a number of catalysts for mondays sharp sell down. Some are calling this the bernanke bounce. The stocks soared after the twoday testimony on ca