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Lucy put the football up and Charlie Brown is ready to kick it again he thinks. I thought thats what you meant by here we go again. The fact that every time we come on air it feels like the market has been losing altitude. Today does that become the theme or will we be able to retest these highs, maybe break out above it as art cashin put it earlier, well need a close above that high for the bulls here. You know eventually traders will become impatient enough they will just throw in the towel. Well see what happens here. And well also get a read of the market, economy, and Banking Industry with two heavy hitters on deck. Gord nixon will join us exclusively along with investing legend john calamos. See where he finds investment opportunities. These shocking photographs from one of the richest towns in california, weve obviously blurred a few things. Athert atherton, residents ....
With the ceo Klaus Kleinfeld per tradition. Joining us now to break down the day so far, doug sandler from riverfront investment group, ed, randy from huntington funds, joining us today. Randy, what do you well, lets get the big picture first. Weve had a pretty good gain again. The question i keep asking, the 5 pullback in june, was that enough . Do you expect another pullback at some point . You know, i think youre going to see a lot of sticker shock when people open up their portfolios this week. Their bonds are going to be hurt pretty badly. I used to think i was a good market timer in the past, but ill have to pass that crown over to the chief Financial Officer at apple, because he nailed the exact bottom of Interest Rates, and if you look at the 30year apple bond right now, its down about 12 . So theres going to ....
Federal government should be very important. Well keep an eye on that for you coming up here. Also weve got a day of heavy hitters here. Silver lakes Glenn Hutchins. Hes launching his own center on fiscal policy and monetary policy. Hr to get into with the legendary private investor in the news today as well. Royal bank of canada ceo gordon nixon will join us. His form reported earnings. Other big news, a long time chief executive stepping down next year. Hes talking to us first to tell us why. A number of canadian bankers are stepping down. Ceos of some of the big banks. Well find out why. Also a story weve been covering here on closing bell all week. Fast food workers striking today nationwide over low wages. Yesterday you talked to the official from white castle who told us that raising the minimum wage to 15 would be catastrophic, leading to mass closings, workers who walked off their paying jobs today, their low paying jobs, ....
Couple points to close around 1638. And despite the gains over the past tw datwo days, dow sti heading towards the worst monthly decline since last year. Bob pisani, august cant end soon enough. Though it is isnt like last year. Thank heavens. I will take a nice slow calm august versus last year. We are getting ahead of ourselves. Bill and i have been doing this a long time. There are days when it is wise to retrain from overanalyzing markets. Sometimes things dont make sense. On a day like today when you have stock market rising in the middle of early part of the day with and then just falling off and buying yields declining at the same time, very light volume and sun certainty in syria, dont overanalyze too much. We have modest rally, few point really in the last two days. Less support for the syria attack obviously a major issue. Gdp issue better this morning and weekly jobs claims 331,000. Most people i talked to said that might be good enough. I think thats the way we ought to lea ....
To talk about as well, right . Now it seems like there is at least a pause before missiles fly. Wall street seeming it like that news as well. We will have more coming up in a couple of minutes. All of those safe havens pulling back a bit. It is very interesting to see how the market responds. Also if you google words high price divorce, you might come up with google cofounder reportedly splitting with his wife of six years. Mother of their two children. He has about 22 billion in google voting shares. The question is, will she get half . Will the prenup agreement hold up . And there is a lot more to this story including intriguing details about an alleged affair with a young staffer. So we have the full story for you coming up, kelly. Fear not. Yeah, sad one there. It is. Apparently some impact for the company but we will ask that in a couple of minutes. We have two Big Bank Ceos here exclusively. Gordon nixon and ed clark, both h ....