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Transcripts For CNBC Closing Bell 20140728

Pressure we saw on the dow all morning has leavitted. The industrial average is up 25 points, although the nasdaq struggling to stay positive. Early selling gave way to some buying in the afternoon, once again. Yeah. An upanddown day and a big week for economic news. We have the jobs report on friday. Before that, on wednesday, we get fed day. Amid word of growing descent among hawkish members of Janet Yellens gang. Well talk about that with jim grant in a little bit. Plus, the tax inversion debate continues, the talk from washington to wall street. The president has upped the ante in his campaign to stop u. S. Companies from moving out of the country to save on taxes. This has a former treasury official now saying that the president , if he wanted to, could tie the hands of these companies with a single stroke of the pen. Is that true . And if it were, wouldnt president obama actually be doing that . Were going to get to both sides of that very interesting twist in the story, coming u

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