Today a top analyst says miller has the june part right but it wont happen until june of 2016 one year after this market believes it will happen. Hes here to explain why he thinks first move from the ned wont come until then. And Union Battles are percolating across america. The port slowdown out west and the governor of illinois blocking unions from collecting fees from workers that benefit from union deals but are not actual members of the union themselves. Well talk to aflcio boss Richard Trumka. Hell join us exclusively with reaction. Basically, if you look at the broad market it brings us positive for the year. Dow currently up 140 points. Session highs give or take a couple. S p 500 2,067. And the nasdaq up 1. 25 . Joining us now, our Closing Bell Exchange karen cavanaugh, Mark Spellman from alpine funds, eric ristman from russell investments, ron wiener from Rdm Financial Group and our very own rick santelli. Okay. Lets kick off then with lets go to karen first. Karen, what is t
This after it hit a new 13year low of 9. 52. Back to you. Adam thank you very much, nicole. And now the latest on Jpmorgan Chase. Ceo jamie dimon met with u. S. Attorney general eric holder on a reported 11 billion settlement over mortgagebacked securities. Were all over this story. Rich edson is reporting from washington, d. C. , Elizabeth Macdonald is working phones here in new york, but first lets get up to speed with rich. Reporter good afternoon. He walked through the front entrance, slipped out the side door in a black suv. Jamie dimon spent about two hours at the Justice Department. Attorney general eric holder says he met with dimon, this following reports jpmorgan and justice are discussing an 11 billion deal in connection with abuses in mortgagebacked securities. At an unrelated press conference, holder refused to comment on the specifics of his discussions with dimon, though acknowledged the departments focus on financial crimes. This is something that is a priority for this
I want to make sure everybody knew it was you in case there was confusion. Who else could it have been . Some different species. Dagen close. Top of the hour, Nicole Petallides at Stock Exchange. What are you watching . Nicole going to a camera man slipping. Looking at the markets first thing we should know is we have an up arrow off of our earlier highs of the day but this could be the first losing week in four because we have five Straight Days of selling so even if we were to cbs and p 500 and the dow we are still clocking in a losing week. A lot of this is the pending Government Shutdown keeping a close eye on washington and a lot of jitters we got in our jobless claims and other economic data. Three pieces of data were good enough to keep markets afloat and nike, american express, microsoft and verizon leading the Dow Jones Industrials. Connell we talked of of the top about the Postal Service calling for a 0. 03 hike in firstclass stamps which will add up but will be enough . Post
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