Also on todays agenda, we have key Economic Data. Last months reports show price gains slowing in 14 of the 20 cities that were surveyed. Chrysler filing paperwork for an ipo up to 100 million. The ipo will be underwritten by jpmorg jpmorgan, coming more than four years from the automaker emerging under management. Bill fight going on between the unions there which led to this. Well talk about that. Also, the Justice Department now reportedly preparing to sue jpmorgan in the mortgage bond it sold in the run up to the financial crisis. We should note, as we should whenever we talk about some of the mortgage related sales precrisis, some of that came from bear stearns and from Washington Mutual when they acquired. Bank of murk now must pay more than 2. 2 million for 1100 black job applicants. The decision awards back pay and interest to former candidates for teller and entry Level Administration and clerical positions in the banks hometown of charlotte, north carolina. Joe, over to you.
Important for every company that exports to that country. If they slow down exports to that country will slow down. Thats why its so important right now. And underlying a lot of this is this debate about liquidity versus fundamentals. Here is how we stand in the markets. The dow is near session lows off 256 points at this juncture. I believe the lows today were 262. And were heading back to that right now. Look at that. Decisively below 16,000. Speaking of at least round numbers, the s p 500, 1797. So we are below 1800 having given up about 31 points today or 1. 7 . We cannot emphasize too much that 1800 number what that means to traders. Its very important. Theyre watching that very carefully on the close today. And finally a look at the nasdaq which interestingly enough is the laggard today. Despite juniper doing a little better. We have the composite down 71 points. Lets talk about this selloff and put it in perspective with our guests today. Weve got Quincy Crosby from prudential f
Lets end it on a happy note. Have a great weekend, everybody. Thanks for watching street signs. Closing bell is coming up next. See you monday. Hi, everybody. Happy friday. Welcome to the closing bell. Final stretch for the week. Im Maria Bartiromo at the New York Stock Exchange. S p 500 today struggles to close at the fiveyear high it hit yesterday. Final hour of trading decides what happens. Nice to see you again, maria. Im scott wapner in for bill griffith. Back on monday. We are tracking the market. Also following several other big stories at this hour. Forget pay day. This is tax hike day for america. Uhoh. Nearly every working american saw the government take more money out of their paychecks today. How that fallout could shape the debate on spending cuts versus higher taxes. Then wells fargo kicking off the banks and this earning season. Its cfo here to talk to us first, and the business of the fluff as it sweeps across america. Running low on vaccines and tamiflu. The Dow Jones
We have a team of people at headquarters helping us out. 18,005. 81. Dow back to 16,000, thanks to that jobs report this morning. That sent the stock market soaring, 205,000 jobs netnet created and Interest Rate goes back to fiveyear low at 7 . Well talk about all of that coming up. Well get reaction to all of this from the chief Financial Officer of deloit, frank friedman. Hell give us a view on the ground of whats really happening and when the fed will ease up on the gas plgdz and what it means. Do you know how many people deloitte hires every year . 18,000 to 20,000 every year. Is that unbelievable . We should have a good sense of what theyre looking for and what job conditions are like. Remember last summer, Dominos Pizza floated the idea of drone delivery for pizza. They even did a video. It was sloughed off as a publicity stunt. It was actually this time around when jeff bezos at amazon did the very same thing this is week on 60 minutes that was taken seriously 100 . So why the d
Nine years in a year. And if it continues they will be up ten straight years. Well leave you with barry manilow, break out your lighters and shiny vests. Have a great weekend. Closing bell is next. Happy friday, everybody. Welcome to the closing bell for this friday. Im bill griffith. Maria will be along at the new york stock exchange. Well take you through this final hour of trading. Look for the week here. Youre one of the few people who think the fed doesnt know anything more than anybody else. Well, it turns out we have proof that youre right. Some stunning revelations from meetings as the financial crisis was unfolding a few years ago. Well have that for you coming up, and, boy, is it good to be al gore. He acquired 30 million worth of apple stock by exercising options. Wait until you hear how much he paid for them. Well give you a hint. It was far less than 30 million. Got our attention. And that debt ceiling crisis may be delayed until the spring. The house is reportedly getting