Ukrai ukraine. There is a lot of back and forth between these two companies. Hell join us at the end of the hour. Wouldnt want to minimize clearly whats happening over there but certainly at this point at least its had a minimal effect on the market. Even though it has made investors nervous, it has had an overwhelming effect. People, quite frankly, arent here. Theyre heading on to vacation. Do you know how your funding is doing this year against its benchmark . Any one whos given Fund Managers their money. Well have details. On september 9th, and the invites are out and they wish they could say more but our friends are saying more than this just wont and new iphone but the longawaited apple watch will be available as well. Im already wishing we could say more. There is always a double intention. About an hour to go until the close. Dow was off more than 100 points at the session open, now off 44. The s p down about three to 1,996. Joining our krsh exchange now, Heather Hughes from sun
From another cash infusion . Ben pace says hes expecting the Federal Reserve to announce another round of stimulus at the meeting next week. Is that what the markets really want right now . Ben pace joins me along with chris heize and rick santelli. Ben, lets talk fed policy. You think the fed announces qe4 next week . I think its the fact the twist operation is ending at the ends of the year, and they dont feel compelled to incrementally tighten that. That means it has to be replaced. Thats the qe4, the fact theyll continue to buy to continue to be just as easy as theyve been since the september 16th qe 3 announcement. So you think its a continuation. Whats the impact on the market, do you think . Is it priced in . Are we expecting that . What do you think . I think its generally priced in. The thing that concerns me the most is the effectiveness of Monetary Policy here is starting to get less and less as time goes on. The shock and awe impact we havent really seen. Its more of a fisc
Folks joining us. After the close today, we have some big earnings out. Hewlettpackard. That tech bellwether, of course. The gap. Well get those numbers right after the close today. A latebreaking story this afternoon. Billionaire mark cuban making some headlines today in an interview about racial issues in lift Donald Sterling l. A. Clippers saga. Mark admits to his own prejudices and bigotry. In no way were the comments comparable to what Donald Sterling said, but does this put the nba in a position where it has to respond. Will sterling try to drag down cuban with him . So many questions. Youll hear what cuban said in his own words. A full report is coming up in a little while. With an hour to go into the close, the dow is up 28 points. 1,6561 is the level. S p 500 finally up eight. Joining us on our Closing Bell Exchange for this thursday before big holiday weekend, heather hughes, peter andrews, jim lowell, Gerard Fitzpatrick and our own rick santelli. He should be in there somewh
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
Volatility. Alan valdez, what do you make of todays action here . A close head fake. It really was a real tees. Tomorrow is march 1st and a lot of trepidation going on coming into that tomorrow. Every friday this year so far the dow has been positive, and its the first day of the month, usually a positive day. You think tradition holds . I think it holds. We got so close today, i think we go tomorrow. You think well hit an alltime high tomorrow . I think well hit it tomorrow. Whats moving this market then . Is it just the fed . I think its just the fed. Volume is still very light today. I think its going to take it up tomorrow. All right. Well see. Thank you very much, and we are moving lower here, but as allen points out, volatility has been with us the last week or so. One day youre down 100 points and the next day youre up 100 point. Lets see what happened. Stay tuned. Richard fisher from the fed will join us in a moment as well as we get under way with the second hour of the closin