Rejected the houses effort to appoint what they call a conferries to go to a house nate negotiation. The house sent their con ferries to that negotiation anyway and pointed out that there were no Senate Negotiators in the room with them. The house members said theyre extremely upset about that, very frustrated. Now at this hour, weve got House Republicans meeting in a room in the basement of this building in the house of representatives trying to figure out what the strategy is for the rest of the day. Heres the president. Good morning, everybody. At midnight last night can everybody hear me . Mike working . Good morning. At midnight last night, for first time in 17 years, the republicans in congress chose to shut down the federal government. Let me be more specific. One faction of one partyin one house of congress in one branch of government, shut down major parts of the government. All because they didnt like one law. This republican shutdown did not have to happen, but i want every
Welcome to the closing bell. Im kelly evans in for Maria Bartiromo down at the new york stock exchange. And im bill griffith, but apparently i have a new nickname on twitter. The mayor, thats right. I hear that his name around these parts. No idea what that means. Right now were not giving back that 300point rally from yesterday but news from the fed an hour ago right now that some members of the fed would want the free money to come to an end sooner rather than later. That has slowed things down. You can guess where that news hit on this chart right at 2 00 eastern time. A gain became a loss, and were still down about seven points on the industrial average at 13,404. Were going to go over those fed minutes in just a minute. Nasdaq also off the low, down sixplus points at 3105, and the s p 500 index at this hour is down a point and change at 1460. Thats right. Most of this reaction, as bill said, to word that some in the Federal Reserve want to slow down or end the bondbuying program b
I think, and ive been saying this for years, you know, theres enough moral hazard in the industry. Make no mistake, we will not let the pursuit of International Consistency force us to lower our standards. The United States has demonstrated important Global Leadership in putting in place tough new reforms. I have four goals in my business. Goal number one is not to lose money in a year. Goal number two is to beat the s p meta fees and goal number three is make 10 to 12 of what the market permits and have less volatility in the market. The best thing for an individual investor if they dont own a home is to buy a home, and if they own a home and have some extra cash or extra availability not a bad idea to think about owning a second home. We have a lot to talk about and get your pens and paper out because we have news to break. Tomorrow is the scheduled shareholder vote about dell. Right. Whats going to happen . Im not allowed to tell you. Lets go on to the next one. And a lot of what yo
Yeah, absolutely. A huge story. Of course, it just broke in the last hour, as well. Well be continuing to follow whats going on there. I know weve got ron insana still here. You jumped into the seat right at the last minute, because you used to work at s. A. C. I did. You have some maybe the wrong words, but Insider Information yeah, i would be reluctant to use that expression. Just to recap your thoughts on the issue. And has harvey pitt and i just discussed, one, i think its a sign the s. E. C. Is getting more aggressive in sending a message to the hedge fund and, you know, all investor community, insider trading, if indeed perpetrated, will be dealt with severely. Is there any inference hes being made a scapegoat i dont want to use the word scapegoat. Certainly, they would be sending a message by going after one of the biggest and most Successful Hedge Fund operations in history. By leveling charges against steve. Again, how they proceed with this while the two open cases go forward
Otherworldly things. But there are some things ive never seen before. This ge jet engine can understand 5,000 data samples per second. Which is good for business. Because planes use less fuel, spend less time on the ground and more time in the air. Suddenly, faraway places dont seem so. Far away. Sign of the times. Say it isnt so. No more orange pasta at dinnertime. Well, angry food bloggers want kraft to take out dye thats used to make its mac and cheese. 160,000 people have already signed a petition so goodbye glowing yellow cheese. That is it for street signs. Im back at 5 00 p. M. For money in motion and options action. See you then. Hi, everybody. Rock n roll on wall street, welcome to a very special edition of the closing bell. Im embroko at the New York Stock Exchange where we wrap up a historic week for the stock market with yet another gain, possibly another alltime high. So far. Im bill griffith. Its the final hour of a week that literally has been one for the record books. I