Amy pretty clever. And over to jayme king. Hes sly like a fox. John the camera looking that way over the ocean is fine, and the other way not so much. Jayme tornado watch until 10 00 a. M. For alachua, marion, and sumter counties. Be aware and prepared. We have fairly significant weather shuffling into the west side of the state. I want to concentrate on this region. And some have said what abouts in the theme parks and coastal brevard. We dont have anything to show you that way. Gradually, this line will shuffle southbound. Showing you Sumter County now. And from gaincht up towards the florida georgia border, its been an active scene. A few tornadoes popped up and they canceled the latest away from downtown gainesville. But its all moving on board, and thats the case for much of central florida. And ocala, arrival between 8 00 a. M. To 9 00 p. M. Mounted door that, 9 00, 9 30. Orlando, i4 corridor, 10 00 a. M. To 12 00 p. M. And south, 11 00 a. M. To 1 00 p. M. And well hone in and te
Bill mcnabb, his thoughts on vanguard. And we will ask him whether or not index funds have won. Is it game set, match . Also well talk with spyder man, thats state streets jim ross. He oversees billions of dollars in Exchange Traded funds. Who is using them . Are they used wisely or not . Well talk Retirement Savings with the retirement heads of Jpmorgan Chase and bank of america, merrill lynch. Well put it all into the context of whats going on in the market today. Trouble force stocks as the market today. Trouble force stocks as for stocks ahead, rising oil prices, falling jobs numbers. All of that ahead on power lunch. Thank you very much. We will get back to you shortly. Several big stories today on power lunch. Outside of the Mutual Fund Conference including former treasury secretary, tim geithner saying were not finished with the financial crisis but well explain the but part in a minute. Election day in the uk. Forget about what the polls say. The better question is what does th
Listen to this. I believe that we can do this and avert the fiscal cliff thats right in front of us today. Is this really what led to todays midday turn around, or was it Something Else . Lets talk about that. Quincy crosby joins us. Mark spellman and kevin carone. Quincy, is it that simple . They came out, they used the word constructive, framework, corner stone, all those positive words, and the market took off. Absolutely. I was watching the body language when they finished up. They walked together. They didnt separate. The market kept making gains. It was that immediate. Mark, do you agree . Yeah, i think it was important. Weve been looking for good news. The fact that everyones heels arent dug in quite as badly, its good news and what otherwise has been a bad news market. Kevin, i want to ask you, though, even if we get a deal, okay, great. Tick, check. Like the elections, check. Weve still got a lot of longerterm fundamental problems. I dont know. Just doing the simple math here,
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
To hit a new alltime high. Were very close to that, as a matter of fact. One question here at the schwab Impact Conferences, whether or not the individual investor is back. Theres a debate on that issue in certain circles. Probably nobody has better intelligence on that than the man who runs schwab, ceo walt b bett bettinger is with us. In fact, schwabs stock is at a multiyear high as a result. Here we go again, my coanchor, the budget battle could be hitting an impasse already. Taxing the socalled rich more is apparently back on the table for some top democrats. There is already concern this is a nonstarter for the gop. So, the question is, are we setting ourselves up again to go toward the brink, as we did a couple months ago . Well lay out whats being targeted and how much it might cost you if you are considered wealthy by washington, d. C. Deja vu all over again. For sure. Lets check the markets as we approach this final stretch for the day. The Dow Jones Industrial average showing