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squeeze. there s wall street lore about rosh hashanah and sell yom kippur. not coming right now. exactly. an exclusive with the chief investment officer at calpers. one of the biggest funds in the world. and if you remember last week huge news by announcing to stop investing with hedge funds. today, we re going to find out why from the person responsible for those zixs. largest public pension fund. great point. because, look we made sure to know they re the largest pension fund last week. how s this for a company vacation policy? no policy. at all. as in, take as much time as you like. whenever you like. no limits. we re not talking hypotheticals here. richard branson whom you see there vacationing as much as he likes at virgin telling the flows today, that s how it s going to be from now on. will it work? a lot of opinions on that. we have the full story coming up. as soon as we finish our vacation. i might give that a try. yeah right. exactly. show y ....
behavior across the bond space. oil, tyler, the dollar, you name it. you would definitely say that this is a relief rally in a very classic way. the catalyst, really the lack today, kelly, of a negative catalyst. now, the stanford finance professor who wants a lot more bank regulation and has the ear of president obama and the attention of the federal reserve vice chair, stanley fischer, is here. these ideas make wall street nervous and they re gaining traction. she will be here with what she says is wrong with the banking sector. our old different marcus lemonis joins us after the bell. the profit star here on cnbc has a few things to say about this market. plus, marcus has accepted the ice bucket challenge for als and will do so here on the closing bell and you won t believe who he s going to challenge to do it next, kelly. watch out. i know. let s take a look at markets right now. with an hour left in the trading session, the dow is turning in a strong pe ....
today at its lows. look at the intraday movement. down more than 200 points this morning. then back. volatility, kel, we talked about it yesterday, is back and back in a big way. that s right. the vix above 17. that s one gauge of what s happening. plenty of people are going to be trying to figure out whether what s happened in january stays in january or means anything for the rest of the year. how about the nasdaq? the nasdaq actually a short time ago went positive. yes. and it was down 1.5%. it was an ugly trading session to start things off. overnight we had again, some movements on emerging market currencies. a lot of focus on the yen. it s the new year in china, so that concern has gone away for the time being, but at 8:00 p.m. tonight, just a couple hours, we ll get more data, an update on how the world s second biggest economy is doing. an hour to go in the month and literally anything can happen in that time. joining us diane garnic steve east chris bur ....
right now and that s what the market s rallying on at the moment. pore sure. we re focused on reopening of the government. market continuing to see flows into stocks. take a look at investors cannot take this weekend off. what happens at the white house between presidents and republicans could determine what happens when that bell rings monday morning. if the deal goes sideways, so could this market. we ll be talking with republican buck mckeon, who was in the room with the president when the talks began in earnest. jpmorgan, they take a loss. ceo jamie dimon not at a loss for words. billions in litigation fees and legal problems swinging his bank to that loss for the quarter. he s now speaking out, suggesting the government is not being reasonable or fair. we ll have more on this still developing story coming up on today s closing bell. let s check the stock market as we approach the final stretch for the week. dow jones industrial average shy of the high of th ....
about 15,700 to be in the green for the week. we are well in that territory right now with this 140-point gain. and why are stocks higher with another anemic jobs report? is the street discounting the number due to the bad weather we ve had? is it betting janet yellen will taper the taper because the economy isn t where it needs to be? we ll get a team of top minds making sense of all this including former chair of the white house council of economic advise errs cris errs christina. and smash burger expanding across the ghuntcountry in a bi. why they have confidence to grow and create more jobs when others are seeing red flags. let s recap where we stand as we head into the final hour of trade. the dow up 140 points at 15,771. that leaves it in positive territory for the week. take a look at the nasdaq, up 60 points to 4117. and finally the s&p 500, pretty strong rally adding 20 points. it s now 1,793. so here we go. final hour of trading in what has been a very ....