Points at 13,113 and nasdaq at 2 plus point, 2988. The s p struggling, down a tiny fraction now at 1412. It could have been worse if not for the better than expected gdp. Investors still worried about the Corporate Outlook and apples disappointing results last night. The looming fiscal cliff and election and on and on. Here to help us in the closing bell exchange, stephanie link and Steve Leesman and peter sh ii shiff will join us as well. 2 3rs is not enough to sustain, putting the unemployed back to work and taking idle factories and putting them back to work. The consumer seems to be hanging in there. The negatives seem to be a big part of it was defense spending, 0. 7 of the 2 was defense spending, although that was a pay back for 3 4 of declines weve had. This needs to turn around to have a good recovery and have this economy firing on all cylinders, thats not been the case and business seems to be holding back. Stephanie, youre blaming the uncertainty over the election, right . Y
Fiveyear highs right now. Moving to the upside. Seems as if weve got like a 78point rally going on there on the dow. Moving towards the close. One more hour of trading. All right, everybody. Get on facebook and be sad. Ill see you tomorrow. Closing bell is next. She lip synched the thing . I had no idea. Far more humble pie, come on. Welcome to closing bell. Im Bill Griffith here at the new york stock exchange. Another winning day for stocks so far. They all lip synch. Im michelle carusocabrera. Following another big market move today. The dow and s p 500 on track to close at fresh fiveyear highs and we keep saying that day after day. The dow is within 400 points of an alltime high. Plus, maria is going to be bringing us some cant miss reports out of daffio, including her interview with jamie dimon, and hes all fired up about the heat that the Banking Industry is taking. His comments making waves all over the world. Maria with jamie dimon coming up. Also with us here at the new york st
Face of Government Spending. Thats a wonderful thing, and i like that thing. It reilly should be for investors the one of figuring out in a world that looks like it will be one of declining Government Spending, what will happen to private sector spending and investment . It will reallocate the capital better. Hey, rick, youre not going to get the end result that you think you will. Nothing makes sense. I agree 100 . Guess whats going to happen . Were going to get a housing recovery, and this is the time to start having a conversation with your bond portfolio because weve gone above 2 for the tenth time and go back below at some point, but were actually going to see enough growth to push the tenyear treasury up higher than its ever been. I hope so. Thats a very good point. I hope we have the housing sector going nut. I dont want the Printing Press going nuts. Yeah. Jump in here, ed, because heres what weve been seeing recently. Stocks are really becoming a favorite over fixed income. Su
Thank you so much for watching street signs. Keep warm, keep safe. Closing bell is coming up next. Hi, everybody. Happy friday to you. Welcome to the closing bell. Im Maria Bartiromo at the New York Stock Exchange where they have stayed open despite the storm and the stock market. Today is in a fight to the finish the week on the positive. Bill . Hey, maria, yeah. Im Bill Griffith here at cnbc headquarters. Lets face it, the market is doing better than the roads in this noreaster so far this friday. Heres what you have to think about. The dow has to finish higher by about 66 points for us to be up for the week. If not, this remarkably would be the first losing week for the dow this year so far, maria. Yeah. Its been such a year. Also today, we are, of course, following this storm as it continues to develop and intensify. There are worries about widespread Power Outages with these blizzard conditions. Thousands of flights already cancelled. More than 3,000 in fact. Likely many more to b
For a day trader or a guy who wants to be a little bit more nimble. Hes trying to spot a crack, maybe short, pick up some alpha that way. But right now the opportunities are nimble and the opportunities are pretty much just stay long at the moment. And nobody likes to hear that. So the fact that we dont finish positive today means that we are losing momentum here . As far as im concerned, a day like today is as good as an up day, after what we saw coming into this morning, if we saw what we saw this morning, thats as good as an up day. Its giving us nothing on the sale side and telling us the trend is in track. What are you watching right now, news wise, that is the next event that has to happen, thats either going to push us higher or lower . Im not so sure its going to be a news event. Im trying to get clues out of the bond market. And the market just up. Kind of different to that. Im trying to catch a clue from the fringes of the bond market. Thanks, terry. Very much. Well, look at