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Transcripts For CNBC Squawk On The Street 20120914



promising to keep rates close to 0% for years. but as monetary policy doesn t fix unemployment, can the federally actually continue? it wasn t just equity. oil crossed $100 a barrel for the first time since may. gold at a six-month high. the dollar hitting four-month lows against the euro. we got a change to the dow jones industrial average. kraft is out, united health is in. this swap taking effect after the close today. we saw a lot of record highs yesterday, including apple. that would be the highest market cap event of all time. iphone5 sold out in the first hour of preorder. we start with the federal reserve markets here and around the world continuing to rally after the fed s position to launch a third round of quantitative easing. the fed will buy mortgage backed securities at the pace of $40 billion a month and will keep the fed fund rate at nearly 0% until 2015. what s really different is this is an open-ended program. there is no end date to this and the ....

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