Inking a major deal with sam sunk and blackberry ceo john chem is here in a first on cnbc interview to tell us more in just a few minutes. The dow up 16 points, as you can see, the s p relatively flat, slightly negative, the nasdaq also flat for the session overall. Remember, we have five record highs and then two days now where we have been unable to do that after a massive rally over the last month. Joining us in our Closing Bell Exchange to talk about these markets, Heather Hughes of sun america funds, rob more gam from v 26789 v associates, meg green of meg green and associates and jim lowell from adviser investment and very own rick san tellism welcome to you all. Welcome to the show. Let me show a chart very quickly, meg, direct this at you, where we have come the last month in the s p 500, an 8 1 2 rise, rallying from all the lows about concerns about ebola and the economy and now as you see, beginning. Isis. Meg, are you still bullish on this market . Im always bullish. I am ve
The standoff, as well. China is worried about getting paid back on its investments. The yields on onemonth treasury yields continue to head higher this week. Its just another sign that investors are getting increasingly worry worried about the government defaulting on its locations i would argue theyre not worried enough, but we can talk about that in a mip. China and japan arent the only ones calling for a solution out of washington. Howard schultz is urging leaders to push for a shutdown. He says the following, utterly disappointed by the level of ir responsibility and dysfunction we are witness to with our elected Political Leadership. It is our responsibility to address this crisis of competent that is needlessly being set in motion. During the last debt ceiling debate, youll remember schultz made headlines by calling for americans to stop making political contributions until lawmakers struck a bipartisan deal on the countrys debt revenue and spending. Dallas fed president Richard
Table and we learned that at least 40 House Republicans are breaking ranks to talk about anything, all possibilities as they said in an open letter. Right now the dow is up 110, near the highs of the day. 13,062. 59. The nasdaq is going the other direction. Blame apple and Overall Technology having a tough day. Down 13 points right now on the nasdaq at 2982. The s p is holding with a gain of about five points. Well have more on the markets in a moment. First, lets get to whats going on in washington. More republicans breaking ranks to join what we hope will be a bipartisan call for higher tax rates and entitlement cuts. Eamon javers on capitol hill has the very latest details for us. Eamon. Reporter hi, bill. That letter does call for the speaker to negotiate, including all options on the table. It is a bipartisan letter. We should be a little bit careful on this because the letter habit actually been sent yet, were told by congressman Mike Simpsons office. Hes the congressman circulat
This is real money. You youre the most important part of the show. This week we learned that ridership on Public Transitty last year hit the highest levels since the 1950s besides signaling a shift of the way americans move about, it signals revitalize urban cores and redefining suburban living. For the first time in a century urban growth rate in 2011 at 1. 1 outpaced suburban growth rate at. 9 of a person the previous year. Once upon a time suburbs grew up around Commuter Rail that connected residents to the inner city. But then suburban sprawl spread out into the countryside. Forcing residents to drive miles to shop for amenities or get to work. But with sprawl came long commutes. Made even longer by highway gridlock. Average commute time runs 26 minutes each way. It doesnt sound like much but suburban ites contend with travel time double or triple that. With small families, fluctuating Housing Market middle class americans are coming to inner cities to live not just to work. Areas
This is real money. Youyoure the most important pat of the show. This week we learned that ridership on Public Transitty last year hit the highest levels since the 1950s besides signaling a shift of the way americans move about, it signals revitalize urban cores and redefining suburban living. For the first time in a century urban growth rate in 2011 at 1. 1 outpaced suburban growth rate at. 9 of a person the previous year. Once upon a time suburbs grew up around Commuter Rail that connected residents to the inner city. But then suburban sprawl spread out into the countryside. Forcing residents to drive miles to shop for amenities or get to work. But with sprawl came long commutes. Made even longer by highway gridlock. Average commute time runs 26 minutes each way. It doesnt sound like much but suburbanites contend with travel time double or triple that. With small families, fluctuating Housing Market middle class americans are coming to inner cities to live not just to work. Areas bei