For a record of its own trying to close higher for a tenth straight day. That would be its longest win streak since july 2009. Investors encouraged by Janet Yellens hints to congress that the fed will probably start raising rates later this year. What does jim grant say about all this and is he behind the audit the fed movement . Well talk to him about that when jim joins us coming up. By the way, 10year has moved lower, comfortable ablably below the 2 level. Were at 1. 98 and change. 2year note auction after the testimony, then the 5year is at 1. 46 . 10year at 1. 99 and 2. 60 on the 30year. Were getting so used to this volatility but it is really unusual, especially on a comparative basis for how lowther here. Big move after janet yellen today. Lets talk about it in our closing bell exchange. We have renee norris from urban wealth management, Quincy Krosby krosby, Jim Osullivan sitting in my chair at the new york stock exchange. John manly from Wells Fargo Funds Management and Kenny
Well see if we make another go to close above that level. And were going to get the outlook for stocks in general with famed Hedge Fund Manager Stanley Druckenmiller. Hes been shorting ibm for whitequite a while. We touch on a wide range of issues. I bet talking a little bit about the fed. Auto little bit little bit. You dont hear from him that often so its even better. Take a look at the markets. Dow is up by 122 points. Theres the nasdaq as kelly said, about 4. 5 points back below the 5,000 level, but it was a historic day earlier in the day over at the nasdaq and thats where we see it is right now. The s p 500 is up just shy of nine points. Time now for our Closing Bell Exchange with darren wolfburg margie patel from Wells Fargo Fund management Jeff Killburg from kkm financial, joe tannous and our own rick santelli. Joe, what should we be thinking about this day . Should we be celebrating or fearing it . I wouldnt necessarily be fearing it. I think its nice to see the nasdaq hit the
Its the buzz story of the morning. Heres the question blowing up on social media. Take a look at this dress. What color do you see . Bring that closer. I saw gold and white. What do you see joe. Gold and white, yeah. If you think it is a simple answer just try polling your friends and family though. Some say gold and white. Others say black and blue. This whole thing started yesterday when a scottish musician posted a picture of the 77 dollar off the rack dress on tumblr and then it went viral. It broke the traffic records viewed 21 million times and counting. Celebrities sports stars and many others weighing in on social media as well. Kim kardashian tweeting what color is that dress, i see white and gold. Kanye sees black and blue. Who is color blind. Well tell you what taylor swift and others have to say later. Thats our lead. Thats interesting. Whaen when are we doing the llama story . Both of these stories make me think it scares me. That were talking about this too. Yeah. But fir
This is a day when you think about it more than 15 years in the making. The nasdaq on track finally to end the day in uncharted territory. Trading above its march 2000 alltime high. That close was at 4,0548. Set back march 10th of 2000. Were a little less than 16 points above that level. The other number were watching this hour the s p 500 also flirting with new highs. The previous alltime high on the left, 2,117. Theres the current level. Were flirting with that one. See if we can do that in the next hour. The markets very next direction could be determined by a huge batch of earnings after the bell today. It is highlighted by google Amazon Microsoft and starbucks. Well hear exclusively from starbucks Ceo Howard Schultz right after his numbers are released, bill. We have a lot of ground to cover this hour. Markets trading right now though, interesting pop midday. Pushed the dow up. It was up more than 80 points for a time. I think it was a 90point gain for a time. Now up 65 points at
Dont worry, they did this to me one time. This is lovely. These people are going to come out and theyre going to go, clear did you finally go around . You went through the lincoln tunnel . No, we didnt. We went around the whole round about. You had to come across the bridge, though. We came across the bridge, yes. Finally came across the gw. Yes. In 20 years, weve never done this, i dont think. Wow, you look good. This is really good. Amazing. Andrew probably how about the news except there was a big storm this morning. It is a bit of a mess out there. In fact, if youre planning on traveling that massive winter storm that dumped snow in the west is now pummeling the east with a lot of wet weather this morning. As you would expect, this is reeking havoc on some thanksgiving travel plans. Look out if youre on your way to work this morning, it is going to be a bit of a mess. Reynolds wolf will join us from the Weather Channel in just a moment. You look good. The dow and the s p hitting hi