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Transcripts For CNBC Closing Bell With Maria Bartiromo 20131009

Average. Nasdaq was weak for most of the session. We saw air coming out of the big momentum names. Nasdaq composite down 17 points today. S p was up just about one point, flat after giving up much of an earlier rally similar to the Dow Jones Industrial average. Despite todays uptick, the dow has wiped out more than 800 points since hitting a reported high three weeks ago. Lets check in with bob pisani. Why the optimism today, bob. If you take a look at the s p, it wasnt on the fed minutes. I think most traders feel it was an oversold bounce with two pretty rough days. Janet yellen may have helped on the margins. Lets take a look at sectors moving. Hewlettpackard, they gave commentary, better than expected. On the guidance. Meg whitman said theres a lot of work to be done but confident in the progress weve made. Those comments came out just before noon. We saw these names frequently traded, beta names. Biotechs have had a rough couple days. Some big names to the downside again. China ne

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Transcripts For CNBC Squawk Box 20131010

On the sidelines of an asian summit, treasury secretary assured partners. China is the biggest holder of u. S. Debt. It holds about 1. 2 trillion. Fidelity says it no longer holds any u. S. Government debt that comes due in late october or early november, around the time the nation could hit its borrowing limit. The nations largest money manager has been selling Government Debt holdings over the last couple of weeks. Fidelity says it expects the debt ceiling issue to be resolved. Thats the good news. But passette manager says its taking steps to protect investors. Bill gross says differently. Were doing just the opposite, probably buying what fidelity is selling. I appreciate the problem they have with their Money Market Funds. If, for instance, theres a technical default of a day or even a certain number of hours, then a Money Market Fund possibly has to mark down that debt to zero and it breaks the buck. You know, so Money Market Funds, fidelity Money Market Fund might want to avoid

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Transcripts For CNBC Squawk On The Street 20131010

Morning. They said this is not about paying the japanese, not about paying the chinese, youre not going to get your Social Security check, doctors arent going to get paid. Ive been waiting for them to do this. That is devastating from even the most rock solid rightwing politician. But you cant go against socsack. The Interest Rate can go up and the japanese may not be paid. Boy, they got rid of that. Thats the jpmorgan argument, the bankers. No, its now retailers. Ling congressmen are going to be targeted. You cant get against Social Security. Its sacrosanct. And secretary lew said do you want to pay veterans or Social Security . You decide. This is expected to go for maybe another half an hour. Lets go back to capitol hill and secretary lew. The fact is that we have not dealt and in that compromise we dealt with Discretionary Spending almost entirely. We have not dealt with entitlements, which the administration seems to say are off the table and now weve got yet even more demands for

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What higher interest rates mean for stocks and bonds

What higher interest rates mean for stocks and bonds
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What higher interest rates mean for your stocks and bonds

I like the idea of [investors] staying humble in the face of incoming information, says Morningstar s Christine Benz.

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