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Transcripts For CNBC Power Lunch 20140710

85 points. Hour, take a look right here. Were going to put a circle on this. This basically is where we are now. And as you can see we did take a dip. We were down almost 100 points. Now the market is starting to come back a little bit. It is really an incredible market story today. The vix alone in the first two days of this week, you know everybody has been saying its a low volatility environment. This week alone in the first two days the vix has spiked 16 . Add to that, todays advance, it seems like volatility is back. Seema modi is up down comping the nasdaq. That index is seeing a big jump after stocks jumped basically like a rock on the open. To bob pisani right over behind my shoulder at the floor of the new york stock exchange. Bob, its going to be interesting to see whether or not we get this kind of volatility for the rest of the trading day. So far weve been very steady. I want to point out the volume is average right now. Its not stronger or weaker. I just want to put up th

Transcripts For CNBC Closing Bell 20140710

Were still off 82 points. Its been a rough week across the board, especially for other indexes were not showing here. The russell 2000 having one of its worst weeks in some time. So, this all comes, of course, on the back of some selling weve already had this week. Its not just about the action today. The last hours going to be critical here to see whether we can stay off the lows of the day or if we head back to those lows. Theres the russell. Yeah, off 1 today. Meanwhile, lets look at some of the other markets. The nasdaq off 0. 6 . There it is. And 4,393 is the level, off 12 points. The dow is off 81, thats 0. 5 , 16,904. And off nine points. Joining our closing bell exchange, doug cote, jim lowell, charlie blel, Quincy Krosby from prudential and we have Michelle Carusocabrera and rick santelli. Michelle, when we all got up this morning, things looked bleak. There were concerns about this big Portuguese Bank, but now things look like theyre settling down a little bit. What was the s

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