at 4,994, close to 5,000 obviously. at 1,249 is where you find the russell. bob pisani is at the new york stock exchange. janet yellen is giving her prepared speech in cleveland. have we seen any kind of reaction in the stock or bond markets? it didn t have to be because the whole world gapped up at the open. i would say modest reaction but no big surprises in her commentary. important thing is what happened overnight. we re 5-1 almost advancing to declining stocks. it s been that way almost the whole morning. tech materials, consumer staples, financials, all the risk-on group here everything is up 1% because the whole world went up 1%. the s&p 500, we gapped up 20 points at the open. that s really rare folks. that s 1% right at the open. that was on greece. we surged overnight when the details on the greece talks came out and they were offering concessions, at least from the greek side. it even happened more strongly in germany. we had a 2% gap up in germany. you can see
so, we re not saying we re going to see it this month, necessarily, but we are off to a down start for the month so far. sure we ll get into that and market reaction. plus, exclusive reaction to the selloff with pimco s bill gross. he has an eye-opening opinion of how investors should be playing this market. he ll tell us what keeps him up at night. the minimum wage is back in the news. we have a fast food worker walkout scheduled for tomorrow. the president was demanding an increase in the minimum wage. today we ll talk to a major e c exective to a major food chain about what would happen if they were forced to pay all workers $15, which is essentially double what most fast food restaurants pay. what do you do? cut jobs? make burgers smaller? sliders for everyone. with the dow off about 60 points, off the low of the session. it was down about twice as much at that point. the nasdaq only off about five points. the s&p 500 off three. interestingly enough, there have been
internals that are breaking down? we ll have that coming up. james paulsen is not surprised by today s red arrows but he s also not worried. he s here to talk about how he s playing the volatility. is this a buying opportunity for him? it could be for you as well so stay tuned for that exclusive interview. also, the fight over tesla continues. on friday on this program we had the arizona lawmaker who is now fighting to overturn that state s ban of direct sales to consumers. today the president of the arizona auto dealers association will join us exclusively presumably to give us the other side of that trade. that should be very interesting. that s coming up later on the closing bell. so many people following that story. here is what s happening in the markets. the dow is off 21 points as you can see there. that s well off the session lows. we re climbing back towards positive territory, but still about 0.1% to go. the nasdaq, this is the one getting all the attention. i
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