Multibillion dollar mortgage settlement deal has reportedly reached an impassion. The New York Times says the talks stalled after bank of americas latest offer of more than 12 billion fell short of what prosecutors were demanding. Apparently it fell far short, too. 12 billion isnt enough, i dont know what it would take to settle this. Take a look at that stock, down by 8 cents. In housing news, mortgage politics rising by more than 10 on the latest week. There was an increase in purchase and refinancing applications. Joe . Joining us now to talk more about House Majority leader eric cantors surprising primary defeat is cnbcs chief washington correspondent john harwood. There you are my pren. I could approach this from about ten different angles. Everybody in washington is. The establishment gop seemed to reasserting itself in a lot of different places. Obviously it couldnt do so in this part of virginia. A lot of people were talking about immigration, and that might have been his fatal
They are more than happy to see the government shut down. If you had had a state representative say that Affordable Health care is worse than the law that lets slave owners get their hundred republican away slaves back. Of course there are death panels in there. Im quoting here. We have to repeal this failure before it literally kills women, kills children. Ended up with mom and dad fighting. I dont think ever have we had a 21hour filibuster. You put five red necks on a mower. And then the person voted for the issue they were filibustering. Radicals in the house and senate. The 80s called and they want their Health Policy back. I dont know that they even know. Im sorry, but is it just doesnt work that way. All of this would be funny if it wasnt so crazy. The chills that you spill on my back can be filled with satisfaction when were done satisfaction on whats to come i couldnt ask for another good afternoon, the countdown is on and we are teeing up for the thrillseeking risktaking weeke
Share. And we have got a very big lineup today. Special guests straight ahead, including cnbc boss, former fed chair and nba superstar and also now behind a Venture Capital firm. Car me lo anthony. Thats a nice mix of piece you wont see. All three on together would be a great conversation. I think so. Im definitely going to ask car me lo anthony about the flatt flattening curve. Digital athlete. Watching the markets. Heres the markets as we have it right now. The dow up 43 points. Some buying midday when word got out about a new survey in scotland that showed maybe a majority would vote against independence so our markets picked up some pace there. Dow was up 60plus at the peak. Now up 43. Nasdaq trading higher up 23. And the s p 500 index after the 13point drubing yesterday, up at 1993. Talk about this in the closing bell exchange. Quincy crosby is back with us. Jack barugian. David seaburg and my buddy Gordon Charlotte there on the floor of the New York Stock Exchange. Gordon, starti
Back to your point before we hit the headlines, its been a heck of a month for stocks. 43 s p 500 stocks are up more than 5 . Just in june. And im telling you, if you sold in may and went away, you lost out on just about all the gains for the year. To your point on oil, williams, new field exploration and others, theyre leading some of the gains. Oil has actually led us higher. Thats the down side on those things is oil helps out until it starts to act as a tax on the consumer. And you dont know what the he end of the summer is going to bring. Yeah. One thing i would say, we dont care about oil prices, can he care about gas prices. We had a guy on from bp yesterday who was talking about their global study that they look over lee years. And the good news is oil prices are more stable than theyve been at any point the 1970 witness stand that means theyve closed above 100 for three years straight for the first time ever. Yeah. Crude oil has been higher than where we are right now. Carl ic
We have a number of stocks to watch this morning. All names that reported after the opening bell. Amazon posted a quarterly loss nearly double wall streets consensus. The results were hurt as the Company Continues a rapid pace of investment. Amazons cfo says the company is spending more than 100 million on original video content in the third quarter. Were going to be talking to an amazon analyst coming. Up lets say that again. Amazon analyst coming up in the next half hour. Visa posted betterthanexpected earnings and revenue. Thats mostly because of growth and cross border transactions than been slowing amid a stronger dollar. And starbucks earnings amid the street. Stronger than expected and take a look, that stock still down by about 2. 5 . Andrew, well send it over to you and the big question is, did you get picked for jury duty yesterday . I did not get picked for jury duty yesterday. I have one more day to go. Supposedly you do two days max if you dont get picked. Im hoping its a