Volatilityews will be the name of the game for the foreseeable future. Perhaps also low volume. I want to bring in Abigail Doolittle who has been following all the action, or lack thereof. Walk us through the theme of today. Abigail lack of action was the theme on this slow summer friday trading day. There was some fluctuating between gains and losses on the s p 500, the dow, and the nasdaq, but this is the first few the first time in quite a has been true,at but this is the first day in quite some time where it did not file shoot might drop or we did see a true bump. There is reason to think that could be ahead, but today, the s p 500 up, the nasdaq managing to pull out a gain it seemed like the nasdaq might put up its first two day decline, which would be the first time in two months. Part of that having to do with biotech. Goldman had constructive comments on modernity. On the week, the worst week going back since march, the nasdaq down on the week, the s p 500, the first time weve
A good day. Find out to see who it is because even when they say its not it is always about money. Melissa so we have big Business News today leading to what could be a huge blow to Jpmorgan Ceo Jamie Dimon going in for rare meeting with attorney general eric holder and other doj officials discussing a possible 11 billion settlement related to his bad mortgagebacked securities. This doesnt even include the more than 900 million bucks the bank will pay for the infamous london whale scandal. The hits keep on coming for jpmorgan. Here to break it all down, experts on every angle of the story. We have a whitecollar attorney. James freeman is with the wall street journal. Our very own charlie gasparino. Charlie, i want to start with you because youre always the man in the know. What is it your hearing about this . Its a humbling experience for jamie dimon. He had to two down to the Justice Department, middle east and basically kiss the ring ever eric holder today. He had to do it with his g
This after it hit a new 13year low of 9. 52. Back to you. Adam thank you very much, nicole. And now the latest on Jpmorgan Chase. Ceo jamie dimon met with u. S. Attorney general eric holder on a reported 11 billion settlement over mortgagebacked securities. Were all over this story. Rich edson is reporting from washington, d. C. , Elizabeth Macdonald is working phones here in new york, but first lets get up to speed with rich. Reporter good afternoon. He walked through the front entrance, slipped out the side door in a black suv. Jamie dimon spent about two hours at the Justice Department. Attorney general eric holder says he met with dimon, this following reports jpmorgan and justice are discussing an 11 billion deal in connection with abuses in mortgagebacked securities. At an unrelated press conference, holder refused to comment on the specifics of his discussions with dimon, though acknowledged the departments focus on financial crimes. This is something that is a priority for this
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