welcome back to the floor of

the new york stock exchange. closing up the week with the closing countdown. the dow will close at 200-point gain this week. there's the bell. have a great weekend. you'll see maria in just a second. it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo, back on the floor of the new york stock exchange. this is friday afternoon. stocks back in the black on wall street, putting the gain on the week to 2.5% on the dow jones industrial average. the markets now up 9 of the last 11 days. leading the way today, analysts upgrade several big-name companies, including proctor and gamble, hewlett-packard. home builders, ebay considering a spin-off of the pay pal unit? we'll get into that question.

and get some answers. when i sit down in an exclusive interview with the company's ceo. the dow jones industrial average up in the double digits, a gain of 31 points. nasdaq composite up about six points off the best bubble of the afternoon. 2132 is the closing composite index for the nasdaq. s&p 500 up 2.5%. we get all the action right now from our on the floor of the nyse as always, bob pisani. >> every day we go up. >> 2.5% on the week, bob? >> exactly. but every day about 40 points to the dow. you'll notice behind us, folks, that's citigroup, the crowd around citigroup, because citigroup is being rebalanced to the s&p 500, because they had all of those ads in their common stock from the preferred throughout the quarter. this is a big day. >> recently, no exception, because of the rebalancing act. >> they're still waiting to close that stock out now as they are a couple of other ones.

this happens every quarter, folks. the s&p 500, when you have a significant change in their share count, they rebalance at the end of a particular time. let's take a look at what happened here. the big winners for the week, the out of favor stocks three months ago, airlines and reits, all those groups did really well this week. we had big volume this today, but not a lot of volatility. not much happened in the terms of the move up and down. but volume was terrific. 2 billion shares right here. it will be close to 7 billion shares. the big story, up every day, 20, 30 points, 40 points here, 40 points there. if you tried to short this market in the beginning of the week, you're already down 2.5%, as maria noted and you can't afford to do that. that's why we're having a tough time bringing the market down, because shorts are scared right now. let's talk about some things that are moving here today. citigroup is being rebalanced. there's a couple of big movers throughout the day. the important thing is, we saw citi going here, still waiting

for citi to close on the rebalance. we also had coca-cola get a rebalance here today. we'll wait and see what's going on there. the big movers today, proctor & gamble, talking about capturing more market share. higher priced gs have been hurting them as the competitors are moving in against them. home builders a great week. jpmorgan had an upgrade for them. folks, it's going to be coming back, ipos are starting to pick up here. next week, and in the next two weeks there's a number of big ipos coming, i count five ipos that are coming from real estate investment trusts. looking to capitalize on the commercial and residential mortgage markets. five of them. we'll talk about it next week here. that's the key thing here. i think, maria, we're starting to see real interest in the ipo market as we've seen the market be a lot more friendly to individuals, a lot more friendly to investors. for the week, by the way, we're

up about 2.5%, 2.25% on the dow and 2.5% on the s&p 500. >> if you want to go public, you want to do it in a nice environment. you have reception on the partner reception these days. take a look at the other stories we're following tonight. star # bucks up today. starbucks shares tonight in heavy volume, finishing up 3.5%. chevron upgraded as well. the analysts there took the price target up on the stock to $80 a share. that's up from $70. chevron they say is the best position integrated oil company to deliver growth over the near term. up 1% today. office depot, a neutral rating. the office supply retailer will experience a rough turn-around

because of increase in competition and a fragile balance sheet. down 1.5%. we take a look at the markets right now and break down the trading action. joining me, john brady, senior vice president with ms global. and mike, money manager with victory capital management. gentlemen, nice to have you on the program. welcome. >> thanks so much, maria. >> let's talk about this market. of course, we have seen a good performance over the last six months or so. what do you a tribute this great performance for the stock market to, mike? >> i think that the markets started to rally after three better deviations probably where it should have been trading back in march. then we started to get some less bad news, less worse news, more good news coming down the pike. we think that will continue. certainly here domestically we're starting to see some much better news as well. i think as investors start to

move away sort of from that high and fast trade, you're going to start look for good news. and i think for the market to be sustainably up, i think you're going to have to move the investor sentiment to focusing on good news and we're absolutely seeing that on the corporate earnings front. >> john, we've got the federal reserve meeting next week. are you expecting anything to come out of that meeting? obviously they're not going to be doing anything on race right now, but will the language look like? >> what we'll be looking for are signs or hints from the fed that they will begin to further perhaps remove the credit facilities and support the financial markets, really since the early part of last year. so as the market starts to perhaps anticipate the fed withdrawing these credit pillars and supports, that may only lend itself to further confidence in other asset classes, specifically stocks. the economic data has certainly recovered here and seems to be leveling off at a nice rate. several investment banks today

on the street upgraded their third-quarter gdp estimates closer to 4% or 5%. as the fed starts to withdraw its credit facilities, and that will act as a headwind for stocks. >> barclays, among the firms raising its estimates for gdp. where is the strength and this sort of positive spot within this economy, and where would you say are the weak spots, john? >> well, i think the consumer discretion probably has a little bit of upside from here, maria. the retailer has been pretty beaten down and they will be going into the fourth quarter with the spending season. i would perhaps stay away from the mid-size and smaller size financials. i think as larry summers of the white house would suggest, commercial real estate and commercial real estate related mortgage-backed securities still seem to be a little bit of a challenge. i think you want to stay away from the regional smaller banks. but the discretionary stocks may have a little bit more of an upside, because as confidence gathers momentum we look for

consumer spending to follow. >> we have an overweight in health care. it's relatively defensive type sector. it has not performed as well. we're finding great growth coming out of those names. aller again and intuitive surgical has been great for us this year. >> how does the health care reform fit into that? >> i think they're not going to be that much necessarily affected. they don't have to worry about reimbursement for botox, for instance, and intuitive surgical, their robotic surgical systems, we don't have to worry about it, it's more based on what capital spending will be. i think they're not totally insulated, but certainly more so than other industry groups within the health care sector. >> okay. >> we also like technology very much. obviously it's done extremely well this year. there are -- they're the best performers and probably the best are apple, google, and cognizant, which is up, probably about 112% or so this year.

we think with still room to grow. >> that's certainly a believer there. even after that big runup. gentlemen, thank you. we appreciate your time and insights tonight. have a nice weekend. take a look at the other business headlines we're following tonight. the labor department reporting 42 states lost jobs last month, up from 29 states in the month of july as unemployment continues to worsen. 13 states plus washington, d.c., now have unemployment rates above 10%. five of those states, california, michigan, nevada, oregon and rhode island have unemployment rates unfortunately that exceed 12%. american airlines predicting passenger traffic will decline more than 16% this month from august levels. third-quarter revenue will decline as much as 15.5% from a year ago. at the same time, costs are expected to increase by nearly 2%. nokia completing the $14 billion acquisition. animals medicine business, regulators required merck to sell the stake as part of its

plans to sell a veterinarian business. does the company have any plans to spin off its pay pal business? we'll talk with the ceo john donahoe in a few minutes. he's joining me in an exclusive interview. my one-on-one with president bill clinton. we talk from the global economy to fixing health care to his role in freeing two american journalists from north korea.

welcome back. ebay stock running high this week after two analysts upgrade the online marketplace. in the midst of a transformation as it focuses on its core businesses. part of that process is a fail of skype which is facing complications. stock down a fraction. joining me now to talk about the transformation is john donahoe. ceo of ebay. nice to have you on the program.

welcome back. >> thank you. >> let's talk about the transformation. what are you trying to achieve in what time frame? >> well, we set out last year a process we said would take three years to really transform the ebay marketplace, to allow the small business sellers in america, individuals, microbusinesses, to be able to continue to successfully compete online. and we're making good progress. the small -- the top rated small sellers on ebay experienced double-digit growth rates in this economy. people want to find great deals and ebay sellers can deliver them. >> pay pal has really been a jewel in the business. before that, let's talk about the news of the day, and of course, that is skype. you are doing a sale of the service to private equity firm silver lake partners. right in the middle of this, the founders of skype have filed a copyright lawsuit against ebay surrounding the source code used by skype. what kind of an impact, if any, will this have on the sale? >> we're focused on getting this deal close and we're confident

we'll get it closed. more importantly i'm focusing on ebay and paypal and growing our other core businesses. >> at the same time you've got a lawsuit on your hands. how are you responding? >> as i said, we're confident this lawsuit is not new. we've disclosed all the legal litigation all year. we're confident in our legal position and we don't see it preventing getting this sale closed. >> in terms of continuing this, or perhaps they're going to, you know, want different terms? >> they're very educated and informed buyers. >> have they asked you for different terms? >> nope. >> as far as the skype business, why do this sale? tell me what happened with the business, in terms of you wanting to sell skype. when the acquisition first happened, there was a lot of optimism as far as the skype products. >> skype is a tremendous stand-alone business, a great business, experiencing amazing viral growth. 500 million users. it's now 8% of the world's long distance minutes. but there's no synergies with

ebay and pay pal. i'm a strong believer in the internet space. skype being a stand-alone business will allow it to be successful. we're delighted to be 35% owners and i can focus my energy and attentions on ebay and pay pal. >> what have you learned over the last year in terms of the impact on the business? tell me how you see things today, given this rough economic period we're all faced with? >> we see stabilization. there's no doubt consumers are cautious in their spending, and they're looking for the best deals. which is why they're coming to ebay. and as i mentioned earlier, the top rated business sellers on ebay are growing double digits. so i think we're seeing a period of stabilization, and we think that will continue into the fourth quarter. >> when you look at the growth rate, of course, of ebay's revenue, underperformed amazon in e-commerce, do you think

you'll still grow in line with e-commerce next year? >> that's our goal. >> where is the growth coming from? >> we're seeing a recovery in the core ebay business. we're seeing sellers be more successful, buyers finding great deals. it's a more trusted marketplace. and that is driving greater transaction volume and over time greater growth. >> the jewel of the business is pay pal right now? >> well, we have two jewels. we're blessed, we had three, now we have two. we're blessed with two very strong businesses and two really important parts of the e-commerce world. >> tell me about payments, how is business going there? >> tremendously. pay pal business is, they're off ebay business, grossed 20% year-to-date in this economy. more and more consumers are finding that pay pal offers a safe and convenient way to pay online. where you don't share your financial information. it's accepted more and more places. and merchants all over the world are now accepting pay pal, and experiencing incremental sales.

>> it's a high growth business, and certainly has been an important business for ebay. and possibly could command a higher multiple if you were to spin it off, considering spinning it off? >> what i've said for now is that there's still synergies for ebay and pay pal. we have two core businesses and we'll continue to grow both of those businesses and realize the synergies. if at some point down the road, we realize those synergies, we'll do whatever it takes to position both businesses to be successful. >> what kind of growth rate would you expect from pay pal? >> what we said earlier this year is we see pay pal doubling over the next three years to become a $4 billion to $5 billion business. i've said before, and i'll say again, i believe pay pal's potential is it can be an even larger business than ebay, because it serves all of e-commerce, not just ebay. >> and the payment business has obviously done so well, even in this tough period. >> yeah. one of the things i'm really excited about, maria, next month, we'll be opening up pay pal's platform.

and think what the iphone has done with all the third-party applications. people will now be able to do that on pay pal. and so an example would be, a company called twit pay, which has built an application on the pay pal platform so you can tweet people money on twitter and pay pal allows you to come in and get out. there will be hundreds of these applications where third-party developers will develop i think innovative micropayment solutions, mobile payment solutions, and other things that will drive the next wave of innovation in payments. >> let me ask you about the tax situation and cash outside the u.s. analysts feel that the company has a lot of cash outside the united states. and it can't be brought back because of tax reasons, or certainly that would be economically smart for you. will you look for overseas acquisitions? >> we did a big one earlier this year. we spent $1 billion, and $1.2 billion and bought g-market, which was the leading e-commerce

marketplace in korea. we've combined that with ebay's korean business, where we're now the clear leader. and so we will look for opportunities to build out our global footprint and we won't be afraid to move when we see a good deal, or a good valuation on something that will strengthen our core business. >> looking outside of the united states, where are the opportunities in terms of the global story? >> well, we have good growth in india, where we've got a leadership position. in south america we have a 20% interest in a company that is the market leader down there. and that team's doing a great job. we, in asia, i think you'll see us use the position in korea to expand other parts of asia. so we've got our eye on a variety of markets. where we see opportunities, we'll jump. >> and as far as competing with the retailers, it's an interesting position you find yourself in, when you look at the retail business, and buyer satisfaction from the ebay website, what are you getting?

do you feel like you're head-to-head versus retail? >> well, retail is a different business. but for a buyer, a buyer is just looking for a great deal. >> exactly. >> on ha they want, and in a safe environment. ebay is significantly safer today than 18 months ago. the level of safety and buyer satisfaction is rapidly approaching that of retailers. and then when you get to that threshold level, buyers want great deals. they want the lowest prices. ebay's got, every study that's been out, ebay has the lowest prices online. >> great to have you online. john donahoe, ceo of ebay. the federal housing administration facing a serious cash squeeze. find out next if the agency looks for a bailout.

welcome back. the federal housing administration cash reserves may soon sink below mandated levels. what that means for the agency, and your tax dollars. hi, diana. >> hi, maria. we've been talking about this for months. but now it's official. the fha which doesn't make loans but insures loans says because of rising delinquencies the cash reserve will fall below that required by congress. fha loan delinquency are now 14%

of loans past due. the fha has gone from backing less than 3% of the nation's loans during the housing boom to now backing about 25%. >> the reason that fha's capital is under stress today is largely because of home price declines. the collateral value that backs the fha fund has diminished so, therefore, fha needs to hold more capital to cover their losses, because in the event of a claim, they can't get as much on a foreclosed home as they would have before. that's putting stress on it. >> reporter: today, the fha commissioner, david stevens, announced credit policy changes, that fha will require annual financial statements by lenders. those lenders will have to have $1 million in net worth. the idea is to raise the bar, which was pretty low on being an fha lender. fha will revise its refis requiring income verification, minimum credit scores and a cap at 125% lpv.

it will require appraiser independence. now, stevens, who testified before congress last week, says "to be cheer, the funds reserved or sufficient to cover our future losses so the fha will not require taxpayer assistance or new congressional action." in addition to this, the commissioner said he will appoint a chief risk officer. interestingly, the fha has not had one in the 7 a years that it's been in operation. and some are questioning why especially in the past two years it had not appointed one yet, but there will be one soon. go to the blog real di it is check.cnbc.com. they want the power to scrutinize the banking industry. we're discussing the potential power and how it would impact the financial sector. uuuuuuuuuuu

welcome back. congress has rangled on how to contain economic compensation. the fed may be stepping in as the pay police. the "wall street journal" says they will unveil a new plan in weeks. it will reject and modify any that encourage detrimental risk taking. the friday regulars and contributors weigh in on how the fed's injection into the issue changes the debate. greg is chief policy stratd gist, and tony is the former white house press secretary. gentlemen, great to see you. greg, good idea for the fed to be doing this? >> i think so, by default. i don't like the idea that the fed is getting more and more powerful, but these banks are tone deaf. they're raising compensation right now as unemployment goes even higher. they're returning to some of the practices that got us in this

problem in the first place. so i think somebody's got to be a bad cop here, and it looks like it's the fed. >> what do you think, tony? >> i don't like the fed at all going into the board room and going into the compensation practices. i think that is just fundamentally counter to the nature of a corporation. and i also think it misses the point of what the real problem is here. people look to, you know, the incentives caused by pay. i think the real problem we had is people not properly pricing risk, and not doing the due diligence on the products they were buying and selling. and look, if the standard is that caused the problem, and the federal government had to come in and bail them out, why don't we go in and rook at the compensation practices of the auto companies. look at toyota or anyone else with the collective bargaining agreement and go into those agreements, too. an interesting pointed that you bring up. i think one of the issues, the number of people, you know, looking at the power that the

fed will be having, not necessarily that the fed gets more power, but more so that the primary function is toss supposed to be monetary policy. is it going to be a conflict if you're looking at all the other things and governing corporations? >> i think it certainly does complicate the job of the fed. i think that's why i would really rather see the fed and other federal regulators focus on, you know, really macroefforts to try to bring a little more safety into the financial sector, they can do that by focusing on the things that really are within the fed's purview, like capital standards and capital leverage ratios, liquidity. those are the kinds of things, the big picture things thoo the fed can focus on. >> greg, what about the whole idea of talent as they say? i mean, the people who go across the street to the international firms, who are not being overseen by the fed? the deutsche banks, barclays of the world who may get these

moneymakers, these producers who will leave because they feel they are not going to get compensated the way they expected? >> sure. i fully understand. and it's true in major league baseball and a lot of markets where it's a free market system. however, so many of these banks have made this, you know, deal with the devil. whereby they have gotten bailouts. you can't go crying to taxpayers for taxpayer bailout money, and then resist any effort to curb outrageous compensation. the two concepts are not compatible. >> greg, using the baseball analogy, maybe the bankers should go out and hire don fear. >> a good point. another point i would make is nature abhors a vacuum. congress is so dysfunctional. the president makes a speech in new york, wants to have congress -- congress isn't going to do nothing on this stuff. for months to come. >> how about the fact that an event in new york, vikram pandit said $100 million is too much to pay? >> i think it is. >> unless you signed a contract

saying that that's what you -- >> that's the thing. rip up a contract because now in hindsight it was too much? why did they sign that contract? >> in this country a contract is a contract, right? >> yes, but at the same time congress should do something. congress is so dysfunctional. the fed has to step in. and i disagree slightly when you said that this may not be the fed's responsibility. the fed does have responsibility to restore confidence. and i think if you want to restore confidence, there has to be some level of reasonableness in compensation. >> all right. gentlemen, great conversation as always. appreciate it. see you soon. up next, my sitdown with president bill clinton. we'll get his take on the state of the global economy, health care reform and his recent trip to north korea. this is "tech check." movies are all the rage, but digital 3-d projectors can cost 100 grand or more. and the first name in film

technology in hollywood. >> you have two images for every four perforations of the film strip. one of those images is the left eye, the other image is the right eye. >> introducing new 3-d film in a new lens at a tenth of the cost of the digital cousin. the big film-making break-through. get ready for the intel forum in san francisco. the technological road map. riding the network wave in a very big way. nintendo will unveil new wii technology, the fit-plus, games and new dsi colors, pink and white. a new way to break a sweat on the couch. that's your "tech check." i'm jim goldman in the silicon valley.

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welcome back. president bill clinton tells cnbc a public plan on health care reform is doable as long as it doesn't put private insurance companies out of business. clinton global conference in new york this week. it begins tuesday of next week. the biggest and brightest minds will discuss how to effect positive change in global health, education and the economy. ewent one-on-one with the man bringing it all together. tell me about the progress the last four years of what you're

expecting from this cgi. >> in the first four years, we've had a total of more than 1,400 commitments involving far more than that, thousands of our people, because a lot of people do them together. over a ten-year period, those commitments will be worth $46 billion. and everything from building a clean energy future to alleviating poverty to helping people go to school or college, dealing with the health care challenges, and america around the world, already more than 200 million people in more than 150 countries have had their lives improved in some measurable way by this work. so the idea of bringing people from all walks of life, from all over the world together, to just discuss these things and then come up with a concrete action, and saying to people, we want you to make a commitment and to keep it, turned out to be a magical, simple, powerful thing that has kept us going now

through five meetings. we're about to have another one. it looks like it's going to be a success. >> we're coming off the worst recession in a generation. have you seen any reluctance on the part of some of the participants? what are you expecting in terms of the commitment? >> well, here's what i know so far. we have almost exactly the same number of people paying to come as came last year, which surprises me. and we may actually equal or even exceed our number last year. so that surprises me. i will be surprised if we have the same dollar amount for one simple reason. the most expensive commitments are those that involve clean energy. and i just think that the -- first, there's not that much money around, and secondly, the markets for more energy production in the areas -- in many countries, is down, because the growth has been down. but it looks to me like based on

what i've seen so far, that we're going to raise a huge amount of money to do the things that we normally do, and that will be -- we'll be doing very well in the energy projects in low-income countries and in all kints of anti-poverty and health and education areas. and we've gotten an unusual amount of interest in corporations now in trying to figure out how to build real markets in poor countries. the other day, in my own foundation, for example, we had a major pharmaceutical company join with us in introducing the price of a tuberculosis drug, pfizer. and they've never done it before. they cut it 60%. the only drug we know of that people who are hiv positive and have tuberculosis can take without just being paralyzingly sick. and i talked to the new president and he said, well, look, we were marketing all of our products to 15% of the

world, and now we have to figure out how to reach 100%. so the interesting thing to me is, how many business people are now thinking, you know, this should be good business to actually help lift learning and lift health and lift income standards in countries that can either be our customers, or maybe in the future our employees. >> you and your wife, secretary clinton, have spent so much time trying to make a change in health care. do you think that a public plan will actually accomplish what you think needs to be accomplished? >> well, let me back up and say first, i think that the president was right to take up health care reform. i think it's not just about extending coverage to people who have coverage, it's about insuring that the people who already have coverage will be able to keep it at a price they can afford. it's about insuring that people who practice medicine and deliver health care will be able to do that in the future without

having to spend more and more of their time shuffling paper. and navigating the finance system. and i believe a bill will pass which will make it better. because there is not anywhere near the potential for a filibuster and killing it now than there was when i tried it. because we have all the same problems now we had then, except they're worse. because the american people want it to happen, and because, frankly, i think that the -- some of the republicans are a little more open to working with the president, and they don't have the same capacity they did in '94 to shut it down. all they needed was 41 of the 45 republican senators to kill anything. and i couldn't get five of them. so i think we'll get a bill. now, i think that the president did the right thing. now, on the public option, let's talk about what the real issue is here. the real issue is, if the people

who don't have insurance now are the people who might lose it in the future, a small business can no longer afford to provide for its employees, for example, even with the new subsidies, if they go into the marketplace in a given state and they can't afford a policy, will the plan fail? if they don't have an option like a public option? again, that's what the federal employees health insurance is in a way, it's a public option, but it's provided by private companies. medicare is the clearest example. medicaid. the military system. all of these things have greater or lesser degree of public involvement. the real argument for the public option is to guarantee not that you displace the insurance companies, but that there will be an affordable option.

now, senator snowe from maine says that we should create it and keep it in reserve, and it should only be available in states where there is no effective competition, where there are no affordable policies. that's what the government wound up doing with the senior citizens drug program. i don't know if you remember this, but they said that the government can't go in and bargain for lower prices, buying the drugs in bulk, unless the prices are clearly way out of line with what should otherwise be available. so what happened in that framework with the backup is all these companies came in and competed with oech each other and the program has actually cost less than we thought it would in the beginning. so maybe what they'll wind up with is the public option that can be brought into play if there's no competition. the main thing is, you don't want to get a market that is so dominated by one or two companies, that they can charge whatever they want, and de facto, you won't get the

coverage you wanted. keep in mind, those of us who have coverage should want everybody else covered. because when people aren't covered, what happens is, they do get health care when they need it, but it's too late, it's too expensive, they get it in the emergency room, when they've got some advanced condition or some horrible accident, then all of those costs get passed on to the rest of us. so my short answer is, that's why i like the public option, but maybe what will happen is, since some people don't want more government involvement than is necessary in the health care system, maybe it will be brought in as a reserve if there's no other competition. >> are you surprised how divided the country has become about this? i mean, president carter said part of the upset over the health care reform is, and he said, overwhelming, he said an overwhelming part of the criticism of president obama's plan has to do with racism. do you agree with that? >> i agree with the president on that. i think the -- i think he has to

win the argument on health care. it may be some of his more extreme critics also are racially prejudiced. but those people were opposed to what i tried to do when i tried to do it. and so i think they also are against him on health care. so i think this is a battle that has to be fought on health care. he got a majority of the vote in november. he's had approval ratings that went well above a majority. most americans are way over being divided racially. they think our diversity is a big asset for us in the 21st century. and they want to be free to disagree. and i think president obama and the white house said it just right, there's no question that some of the extreme critics he's had, some of the crazy things said about him are said by people who are also racially prejudiced. but the core of this battle is over what kind of health care system we should have. and president obama recognizes that. that's the battle we ought to

fight. >> you went to north korea and was able to rescue those two female journalists. i think the country was just in awe that you did that. can you tell us about the trip, about seeing kim jong-il? what was it like? >> well, let me say first of all, i was honored to do it. and it was a wonderful experience. and those young women are very impressive. i was even -- i felt even better about doing it after i met them. and saw what good people they were. and i met their families. and, you know, it was an amazing thing. i had a very good talk with kim jong-il. but i have not talked about it for a simple reason. the minute i got back, and i

debriefed the secretary of state, the national security adviser, and the president, and offloaded all that, everything important that happens from now going in involves a decision that either the -- someone in the obama administration has to make and execute, or what the north koreans do. and the reason i haven't said more is, i don't want anything i say to inadvertently complicate the potential for progress. and the americans should be encouraged. look what's happened since those young women have gotten back. we've had the korean release, and the prospect of new harmony and new cooperation between the two koreas. and the announcement that north korea will accept our special envoy, ambassador bosworth, who is a very good man, to come there and have a meeting. and so that's all i can tell you. these countries have got to

decide whether going into this relationship and these larger issues, and i don't want anything i say to inadvertently have an impact on that. so i told the white house i wouldn't talk about it. and i'm not going to. >> on monday we'll bring you part two of my conversation with president clinton, with more of what's coming up coming up at t global initiative. we'll get his take on how the policies impacted the current economic situation. he looks back at his presidency to talk to us a little about the euphoric moment, what could have been done differently, which of course led eventually to the market for housing, which was quite exuberant, and the bubble bursting. "the closing bell" will broadcast live from the clinton global initiative next week, beginning on tuesday, with big names you won't want to miss. hope you'll join us again. up next, the friday financile. we look at the hottest trends of the week when "the closing bell" comes right back. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers

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stocks up for the fourth time in five days today as well as for a second straight week. cnbc's matt nesto looking at the numbers, crunching the fwhubz a look at three quirky trends. >> yeah, quirky trends, quirky friends. they're all good, maria. trend number one i'm going to call jack the ripper. take a look at the rip between the materials group, which is the performer on the week, up

about 4 1/2, 4.7%, versus almost a 3 1/2% decline in gold. chemicals, aluminum, steel, paper, all very strong. gold, as we go, hit that high level and just couldn't cut through, at laet this week. trend number two. quirky trend number two, i should say. buy the fear. fear itself. lots of things. look at real estate. what would you say, one of the largest fears out there is the coming writedowns, wave of writedowns in the commercial real estate. and the reits, the best-performing industry group over the past five days. 9 1/2% higher. partner investors all very, very strong. is and the third one are, well, the hated i think we called these guys once. the newspaper stocks, the publishers. some of them are hybrids because they own broadcasting businesses. but gannett, the single best performer in the s&p 500 this week up 17.3%. the broadcasters up 7%. publishers all very strong. the belief, the hope there is

that advertising and the economy are recovering. "new york times," meredith, scripps, mcclatchy, all in the hated portfolio. sunsetting business, some would say, maria. but man, good stocks. >> thanks so much. i love the numbers you crunch and all the great data points matt comes out with. now let's go to the nasdaq marketsite. melissa lee is there more on what's coming up top of the hour "fast money." >> it's been the best week for the market since late july but have we stalled out here? we'll head to the charts, give you the outlook specifically for the nasdaq as well as for one technology stock that will be on everybody's radar next week and that is research in motion. we've also got an exclusive interview with the labor secretary, hilda solis on the jobs recovery in america. and we'll talk google. is it headed to $500 next week? we'll bring in a top-ranked internet analyst for his take. all that and much more top of the hour on "fast money." >> see new five minutes. "business week's" list of the worlsd's most valuable brands sout. which company is on the top of the list, which brand is worth the most? we'll be back with those

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coca-cola has something to smile about. "business week" and interbrand are out with their list of the world's most valuable brands. and for the ninth straight year coke takes the top honor.