Atlanta fed president Dennis Lockhart said its possible, its on the table, that they could begin the tapering process as early as december meeting. Thats earlier than the market anticipated but well talk about that in a little bit coming up here. I wonder if that puts on question their decision not to taper in september. We havent had that much great that date. Were talking about one month. Lots to talk about in terms of the fed and what the implications would be there. We also have a very special first on cnbc interview coming up. Chairman and ceo of enter continental exchange, better known as i. C. E. , Jeff Sprecher. He made comments about the markets being stacked against the small investor. Well talk about that as well as the closing of the nyc deal. What happened to the floor . Lets to talk about coming up. On the floor here at the New York Stock Exchange. Also, a fascinating investigation on ceos. This is an academic paper but it turns out, according to their research, that the
Those big gains for tax stocks, some saying it is the dot. Com bubble all over again. Varney and company is about to begin. Stuart big problems for bitcoin this morning. One of the largest bitcoin exchanges shut down. The exchange is website, nonexistent, twitter account wiped clean. We just got this statement, a decision taken to all transactions for the time being, we will be closely monitoring the situation and will react accordingly. Several bitcoin exchanges reporting but they were trying to file for bankruptcy after months of technical problems and reports of a major bid theft. A new price of bitcoin tumbling below 500. First time since november. Is this the end of it . Charles no, it is going through growing pains. I want to tell you what this is, magic the gathering on line exchange. It started as a place for people to trade magic cards. Then it morphed into the bitcoin exchange. This had problems a couple weeks ago called these intrusions and things they couldnt explain. A lot
No battery problems, they say. I want to look at the stock, up 10. I am hearing fed this, said that, janet yellen this and that, nobody went out and bought tesla because janet yellen mayor may not be printing money. Am i right . Charles i was at the garden state mall two christmases ago, they set up shop and tesla had half a car, the engine, and the line was longer than the apple store. The enthusiasm from main street was amazing. I wish every Single Person in there storebought 10 shares. Was 25 a share. Stuart but is it a diaz they. Com bubble . Charles it is not bubble but i will tell you the similarities between now and that bubble time, momentum. Winners, people chase performance to the point where even a Great Company can have overvalued stock and we are not seeing that with some of these names. Stuart mount gox, one of the Biggest Exchange websites, shut down yesterday. Some rumors of bankruptcy and may be a big theft of bitcoin. The web site is back on line this morning, not tra
Stress test on march 20th. That is breaking news were getting right now. Well hear more from banks on the stress tests on march 20th. That is the past doddfrank. Lets get more from the pits of cme. Andrew, do you think well have any surprises there. Absolutely not. One thing i keep an eye on cboe volatility index, known as the vix. The fear gauge saying there is not much fear in the market. There is always we have some concern. The fact of the matter the stock market wants to go one direction and that is higher. Im very close to selling a lot of positions but iicontinue to be long and continue to make money. Doddfrank, stress stress, were think that will do anything. I will watch activity in the bank stocks before that. Weve seen a lot of call activity in dfs, discover financial, in march. I dont think it will matter. The stock market continues higher. Andrew, more breaking news on bottom of your screen. Three fed Bank President s voted to increase the discount rate in january. Does th
Forward. Here is a live picture two. Winners will split 648 million. The other winner, in georgia has come forward to claim her prize she bought the ticket at a news stand in atlantas buckhead section. Officials say curry has chosen to take the cash option, after taxes, 120 million. So far, she wants to remain private. She did pick the numbers they were a combination of family birthdays and her family lucky number, seven. She didnt do a quick pick. That is incredible the store in georgia will not receive any additional bonuses for doing so. Georgias lottery pays a 6 commission for every ticket sold and nothing more for big winners. The San Jose Store owner who sold the ticket he expects its going to boost his business. Matt keller has more from the owner and customers. Were so happy to be presenting our retailers from jennys gifts, we win with the 1 million check. He couldnt have looked happier, he just bought the store four months ago. Timing couldnt have been better. He sold one of t