According to people with knowledge of the matter. The ceo is in San Francisco. We are learning more about the tense relationship between Tech Companies and the nsa. The government threatens to find yahoo 250,000 today if it did not turn over user data. This happened in 2008. We will look at what changed since then. To the lead story. The biggest iphone appears to be off to a hot start. The device is on backorder and is not expected to ship for three or four weeks. The data phone is scheduled to hit stores. People vented on twitter. One tweeted not everyone having problems but with the issues, is it a supply couple more are they trying to drum up demand . What do you think, is this marketing or do they have supply issues . Every single time they come out with a phone this happens. I will go with this is probably the way they want it to play out. It is great to have two or three week backlogs. It would be a disaster if it were two or three months. To say there is so much demand you have
Fiveyear highs right now. Moving to the upside. Seems as if weve got like a 78point rally going on there on the dow. Moving towards the close. One more hour of trading. All right, everybody. Get on facebook and be sad. Ill see you tomorrow. Closing bell is next. She lip synched the thing . I had no idea. Far more humble pie, come on. Welcome to closing bell. Im Bill Griffith here at the new york stock exchange. Another winning day for stocks so far. They all lip synch. Im michelle carusocabrera. Following another big market move today. The dow and s p 500 on track to close at fresh fiveyear highs and we keep saying that day after day. The dow is within 400 points of an alltime high. Plus, maria is going to be bringing us some cant miss reports out of daffio, including her interview with jamie dimon, and hes all fired up about the heat that the Banking Industry is taking. His comments making waves all over the world. Maria with jamie dimon coming up. Also with us here at the new york st
Face of Government Spending. Thats a wonderful thing, and i like that thing. It reilly should be for investors the one of figuring out in a world that looks like it will be one of declining Government Spending, what will happen to private sector spending and investment . It will reallocate the capital better. Hey, rick, youre not going to get the end result that you think you will. Nothing makes sense. I agree 100 . Guess whats going to happen . Were going to get a housing recovery, and this is the time to start having a conversation with your bond portfolio because weve gone above 2 for the tenth time and go back below at some point, but were actually going to see enough growth to push the tenyear treasury up higher than its ever been. I hope so. Thats a very good point. I hope we have the housing sector going nut. I dont want the Printing Press going nuts. Yeah. Jump in here, ed, because heres what weve been seeing recently. Stocks are really becoming a favorite over fixed income. Su
Melissa our top story tonight, shocking stats on the life savings and enormous impact of education on those savings. A new study shows that over the Student Loans results in a loss of 4 times the amount that you borrowed. So a household with average amount of student debt, about 50 grand, ends up losing 200,000 over all. Of course those who borrow more are just losing that much more. I thought one of the reasons we all went to college was to have a richer life in the long run . We have tamara from demos which did the study. Mary catherine ham from hotair. Com. She is also a fox news contributor. Tamara, i will start with you because you guys did this study. How did you do it . Were you surprised by the findings . The way we did it, we basically compared two house hold similar in all ways one important way. One had student loan death from going to college and one didnt have debt from going to college. We look what we know about young people when first started out based on existing data
Thank you so much for watching street signs. Keep warm, keep safe. Closing bell is coming up next. Hi, everybody. Happy friday to you. Welcome to the closing bell. Im Maria Bartiromo at the New York Stock Exchange where they have stayed open despite the storm and the stock market. Today is in a fight to the finish the week on the positive. Bill . Hey, maria, yeah. Im Bill Griffith here at cnbc headquarters. Lets face it, the market is doing better than the roads in this noreaster so far this friday. Heres what you have to think about. The dow has to finish higher by about 66 points for us to be up for the week. If not, this remarkably would be the first losing week for the dow this year so far, maria. Yeah. Its been such a year. Also today, we are, of course, following this storm as it continues to develop and intensify. There are worries about widespread Power Outages with these blizzard conditions. Thousands of flights already cancelled. More than 3,000 in fact. Likely many more to b