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Transcripts For CNBC Closing Bell 20140808



junk bonds too. we ll discuss whether this aversion to ris sk a red flag now or perhaps a sign of capitulation. a minor bounce this morning even with the big sell-off in asia last night. up 162 for the peak for the dow now up 135 points. all the other averages higher as well. the nasdaq s up 30 right now, trading at 4,365. and the s&p has come back quite a wit bit from lows of last night, now up 16 points at 1,926. rich peterson from s&p capital iq. monica meda. bill willis from princeton securities. and rick santelli as well. ben willis, let s start with you on this crazy market day. is there any doubt now that this market is influenced greatly by geopolitics? i hate to start off this way, but i don t believe it s geopolitics. i think geopolitics is part of the fuel that s triggering the currency markets, which is really what s been driving the technical levels of this market. we hit 1,890 on the s&p futures this morning, a critical line that happened to be 4:00 a. ....

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