down all of the news affecting the portfolio going into june. the dell special committee has spoken a yet, and the ceo michael dell is the computer maker s best bet, but the battle is still far from over. plus, we have an interview with tesla s ceo elon musk. jim cramer may not drive much, but he got behind the while of a model s last night and we ll tell you what he thought of the ride coming up. i think the review is generally pretty good. wow! what a car. first up, final trading day in may. the dow posting its sixth consecutive monthly gain and heading into today s session, the dow is up 3.3% for may. s&p is up 3.6 and the nasdaq up 4.9 and what a difference a year makes. last may the dow and s&p fell by more than 6%, even worse for the nasdaq down 7.2. we remember. that s why we called it the spring swoon. oh, i mean, last june you started thinking, is this going to completely unravel. there s a lot of talk that this is going to unravel and my take is that part
spain. germany is in the green. our road map begins with the hedge fund manager, david 10er in no uncertain terms brushing off those worries about the fed. another outspoken hedge fund manager dan loeb calling for the breakup of the technology and entertainment conglomerate. sony citing some slowing sales. and the blackberry live developer s conference kicking off at this hour as rumors of a cheaper device or new mobile platform abound? we ll begin with those comments from david teper who earlier on squawk box said he s bullish on the market and there s $4 million worried for a place to go. if there is a true taper, there better be a true taper unless you may be in the last half of 99. so guys that are short they better get a shovel to get themselves out of the grave. interesting way to turn the debate and tapering as a positive, that you would rather have sooner than june 19th. whether spain takes cnbc. germany obviously does. look, tepper is a brilliant man. i
hobbs and david faber. after the s&p did break a streak of five record-setting days on thursday. europe and japan, as you heard becky saying, big stories today as dollar yen breaks through the hundred mark for the first time in four years. our road map begins with the treasury secretary jack lew in a cnbc exclusive saying we re not going to hit the ceiling until labor day. countdown to bernanke. the the fed chairman ben bernanke will be speak live on the economy. activist investor carl icahn launching a takeover offer for dell and he ll be on fast money today. we re going to travel through the numbers. but anxiety over the debt limit in a cnbc exclusive this morning. steve liesman conducted that interview and is live from london with more. steve, good morning. good morning, carl. secretary lew telling me that we would hit the statutory debt limbity in days, but don t panic, because what really matters is the effective debt limit which is when the treasury actually can