About to speak, an hour from now, the tenyear yield certainly becomes important, at two seven. Interesting. Nothing really nothing. Yeah. Give your ro europe before w talk about yellen and the news of the morning as well. You can see largely green over there. What are we thinking . You know, wheres the focus here when we listen to her an hour from now start her first testimony, in the house and in the senate later in the week . Well try to figure out whether 6. 6 is the issue. The Unemployment Rate. Because weve got so many other contraindicaters of weakness, the employment number, the nonfarm, obviously not that great. I think what she has to do is say, look, were saying the course here. One of the things i liked about it, if it gets bad again were right back in. And unfortunately i dont know how much it matters, david. We keep thinking it matters a great deal, but the ten year is doing its own thing. If you are a banker at one of these, if you are wells fargo, you want to see the ten
Will they begin the taper or not . The taper, word of the week. The word of the week as we continue to talk about it as it looms. The market seems to have its own message here. Up 70 point. Two big exclusive points coming up for you. Michael dell, off a big victory to take his company private. Hell talk to me about whats next for the company. If hes planning a dell mobile phone. If his long term plans to take dell public are on the horizon, once again, after taking the company private. Jim grant, want to get his take on the twoday fed meeting. Well ask him what he think ben bernanke will do next week and his thoughts on Larry Summers to be the next chairman of the Federal Reserve. You dont want to miss either of those interviews coming up on closing bell. How about this for a hash tag, feesy frien feeding frenzy. Could a successful Public Offering for twitter restore confidence in a generation that inherently distrusting the stock market. We thought that would be facebook. Didnt happen
Additional boost to talk about which well talk about now. Yeah, certainly did. Joining us now to help break down the day is mark travis from Intrepid Capital fun, steve grasso will join us, and Rick Santelli is with us as well. Mark, begin with you. Nice to see you. Glad to be here, scott. This whole day into perspective and what youre thinking about the market, given everything thats out there, syria, taper, you name it. Well, i think that the market has decided maybe syrias not going to happen after all. If it is, it will be kind of a pinprick. And the jobs report on friday, let the air out of the taper bubble . Yeah. Taper talk . And so, you know, youve got a relief rally at this point that, you know, makes us feel better. Im not sure were not just spinning in place, which has been my point of view really since may when rates started to rise. So youre cautious now still . Because an hour ago we had a panel on. They were 100 bullish. Biggest bull market in our lifetime or our careers
Stock exchange. It will happen ahead of the bell. Moving higher. Liz moving higher on speculations that the billionaire investor will make a big investment writing to clients asking them to commit a billion dollars to two new funds to invest in a major u. S. Company. Liz people think it is fedex. An economist and former finance minister was named to egyptian interim prime minister. Well an Opposition Leader will assume the vicepresident see. Pledging 5 billion in age eight. The united emirates offered 3 billion. Ashley barnes and noble is at a turning point. Resigned from his post in the companys board. The resignation came shortly after the companys earnings mess and the decision to exit the tablet market. After the bell starts right now. Liz yes, it looks like a 13year high for the nasdaq. Lets get to todays action. Managing director is telling investors to brace for more volatility. In the pits of the cme. Look, i could start with him, but both of you can weigh in. The only volatili
Actively now looking both internally and externally for a new ceo. You can see right now that the stock is up 6. 7 . We have had a lot of movers. Tracy thank you, nicole. We have that on this. Rob, you are saying that there is no right time. You just decided it was time to go. A major reorganization. Typically, you are in while it takes time to complete the process. Tracy that is kind of interesting. Second class citizens to facebook now. What is happening here . Well, he actually did a number of things right. He made a number of mistakes as well. That is why you look at their one big major mistake. You do not look at any of their successes. They were very successful. He got them out from underneath. The huge problem they had. He finally fixed the organizational problem. In the end, he got three of them. Seeing as a wonder inside the company. He would be an excellent choice. Outside the company, there are probably three people that could be picked. Fully trained to be a ceo. Has been a