Melissa straight off the top tonight, an exclusive interview with my personal choice for who should be the next fed chair, reknowned economist john taylor. News that Larry Summers has withdrawn his name for consideration of the job led to a nice rally in the markets. Everyone is looking ahead to try to predict whether the next fed chief will be vicechair janet yellen or not. Hear to weigh in what went down and what were in store for. Mere is stanford professor, john taylor himself, author of the five keys to prosperity. Great to have you back on the show. Good to be here. Melissa what did you think when you heard the news when, you heard Larry Summers was withdrawing his name . I was surprised but it looked like it was moving that way in the last few days. A number of Democratic Senators indicated resistance to him. That was going to make it hard. I think he read the tea leaves and the white house read the tea leaves and decided best not to push it. Melissa what do you think really wen
Hundreds of ceos. My life story can be your life story. Thousands of callers. Booyah, jimbo. Millions of your emails and tweets. It all adds up to mad moneys 2000th episode. Hey, im cramer. Welcome to the 2,000th episode of mad money. Welcome to cramerica. Welcome to the New York Stock Exchange. Other people want to make friends, im trying to make you money. My job is not just to entertain you but to educate and teach you. So how has this market lost its mind . The dreaded Government Shutdown weve been fretting about constantly goes in effect at midnight last night . And what happens . We barely bat an eyelash. Dow gaining 62 points, nasdaq advancing an awesome 1. 23 . Hitting one more 13year highs. What the heck is going on . Could it be mm2k . The fact that tonight is the 2,000th episode of mad money . Hey, look, not likely. So how is it that we rallied when the very thing that had been causing the market to sell off last week into yesterday finally came into effect . Well, jim, im g
1 00 p. M. , the bond market i believe at 2 00 p. M. We are poised at what would seem a higher open. Were not going to get a lot of hours of trading in. As in for the 10year note yield, lets take a look and see where we are. There it is. 27. 66. And well go to the map in europe where i can never figure out the geography. You know the boot is italy. I know the boot is italy and i can pick up russia. Our road map here back in the United States starts with what else, retail. Millions of shoppers, yes, millions hitting the stores for black friday. Well go live to say how sales are going. Brian . The markets are open today for an abbreviated trading session and we are poised to open at record highs again, which will be about the 40th time this year. I guess you guys could say that here on squawk on the street. The nasdaq finishing wednesdays session at a 13year high, kayla. And thin trading today on a shortened trading day. And also bitcoin keeps on surging, topping 1,200 earlier today, doe
Clean debt limit increase. Under no circumstances . I told the president theres no way were going to pass one. The votes are not in the house and the president is risking default by not having a conversation with us. By moodys ceo says the chance of a u. S. Default is extremely unlikely. That reflects our thinking that it is extremely unlikely that the government treasury is not going to continue to pay on the treasury securities. Hopefully it is unlikely that we dont go past october 17th and fail to raise the debt ceiling, but even if that does happen, then we think the u. S. Treasury is still going to pay on its treasury securities, prioritize those payments. Still, the dollar is trading near an eight month low today amid debt default fears. Take a look at whats been happening. You can see that the dollar is down against the euro at 1. 3572. The dollar is at 96. 96. Well talk more about that with john harwood. First, andrew has a roundup of the mornings top stories. Andrew, welcome b
Today. After whats been a rough week, we are looking for a positive action. Lets take a look at the 10year yield. Are we around 2. 6, somewhere in there . 2. 64. And lets head to our road map now as well. Where does it start . Where would you expect . Twitter filing for 1 billion initial Public Offering. The Ticker Symbol twtr. The filing reveals the company not yet profitable. So is it worth an investment. And without job support today, markets will have to watch washington to see whether theres any end in sight for the Government Shutdown now in its fourth day. And look out apple. Samsung predicting a a record profit for the Fourth Quarter as it releases its new galaxy smartwatch in the u. S. And a massive spread in usa today, which well get to later. Lets start with twitter, of course, which has unveiled its highly anticipated initial Public Offering plan. Julia boorstin is outside twitter headquarters in San Francisco. Ooh, the wind is blowing, your hair looks very nice, julia. Tak