immediately in the midst of a major restructuring. jumping on board raising from a buy. 8183. a gain of 4%. a few other names in the dow. up arrows. drugs allow banks to my transports tomorrow s services, all down arrows. commodities. ashley: thank you so much. it. tracy: ready we go from here? stocks still significantly cheaper than they were back in 2007 and is a reason to buy. chief economist at first trust joins us now. what is your take on the health of the market and where we are heading? i am happy that the market i down. we never go in this headline. the market was inevitably undervalued. rethink that they could be wort 20,000 even if interest rates g up from here. so, you know, the bottom line i this market is still cheap. it is cheaper today than it was three years ago. we are telling people to buy if we get as sell-off over fears o fed tapering. don t worry about it and wait until the market falls. tracy: what happened with the fed and bernanke. all kinds of mixe
michelle. here s what we know about investigation in boston right now. video shows someone setting down a bag. authorities have said, quote, they have solid leads, but no arrest has been made yet. the boston federal courthouse has been evacuated due to an unrelated bomb scare. expecting a joint news conference from boston at 5:00 p.m. you ll see it live here on cnbc, to bring you the very latest. in the meantime, as law enforcement officials get set for that news conference at the top of the hour, amid premature reports that an arrest had been made in the marathon bombing, scott cohn is in boston with the very latest details for us. scott? good afternoon, bill. let s first get you up to date on the situation at the federal courthouse, which is about two miles from here. as you said, there was a bomb threat an hour or so ago, unrelated to the situation at the bottom marathon and the attacks there. our producer on the scene says that he has seen fire trucks enter the area
[ male announcer ] a bad cold hits your whole body. alka-seltzer plus liquid gels rush relief everywhere you need it. it s the most complete relief you can get in a liquid gel, so you feel better, fast. alka-seltzer plus liquid gels. just to reiterate some news here. according to terry mcgraw they will put their textbooks on the apple tablet, running on the iphone which jim goldman says is new information. now it is time for the closing bell. the obama dilemma, a sluggish economy and $1.3 trillion of federal red ink. how can washington create job and cut spending at the same time? live from the new york stock exchange this is the final and most important hour of the trading day. i m scott whopner hi, sue. hi, scott. i m sue herrera filling in for maria bartiromo. the federal budget office predicting the deficit hits $1.3 trillion. peter orszag tells us what the white house is planning to do to come pat that massive deficit and fix the economy. let s look how the major