companies on this record-breaking friday. >> enjoy yourself. have some mint julips. we will catch it tomorrow on cnbc. coverage begins live at 8:00 a.m. on cable, race time, kick off 4 on cnbc. thanks for watching "closing bell." "closing signs" is next. have a great weekend. hi, everybody, we're into the final stretch. welcome to a special edition of the close bell. we are in closing territoriment i'm maria bartiromo as the stock exchange. >> the dow may close above 15,000 for the first time ever. the s&p looks like it's going to hit. it will be above 1,600 for the first time ever. the better-than-expected jobs growth in the unemployment this morning really had a lot to do with this. >> even though it was a lot better than most xhimt

economists were expecting, joblessness is still an issue. this market takes off. i was excited if the dow gets 15,000 earlier this morning. you just feel like the market is reacting to fundamentals, which are clearly improving. >> but we have some people who are disagreeing a bit. we have had a pretty broad-based rally so far today, that's for sure. >> lots of liquidity. we want to take you right to the s&p 500. we are off on the best levels this afternoon. nonetheless, we are looking at a gain on the 1 00 endecks in record territory -- index in record territory. closing here would be an all time high there. the nasdaq looks like this...take a look with the gain on the sex, again, very shy off of the high, still higher by 38. >> apple has had its best two-year period to the upside in three years. they've done very well. >> that's one of the reason force the s&p strike today on the heels of apple. the dow 136.

the high, bill, more than 177 on the dow. we're well af on the high on the dow. >> the do you needs to be up to hit that 15,000 mark. we will keep our eye on it as we go into the final hour. bob, what is shaping up to be a record day for the markets? that jobs report really is what sparked this rally this morning. >> i am told the shot heard around the world, bill. everyone was positioned for a negative surprise, not a big prostive surprise. s&p futures shot up 10 points right as the announcement came out. the s&p and the dow within seconds of opening were at historic highs. i want to point out that all 2007 high is getting further and further away. there is that lean i drew across there. that's 1565 in twoimpblt look at it today, we're at 1613. so we're 3% above that old 2007 high, getting further and further away. they're going for big cyclical names today. freeport, mac, moran, php.

billiton. broader cyclicals as well. you look at couple members engine. 4% moves, beazer. techs are shineing. big moves in the semi conductors. boy, tease having big movers. stocks at a 52-week high. seagate, big number, that's a historic high for seagate. finally, you think there is some shoep hope the small guys are coming back into the market. bill, maria, look at that. charles schwab and td ameritrade and e-trade. >> thank you so much. let's get to today's closing bell exchange. jeremy from ubs, our own rick santelli. good to see everybody. let me kit kick it off with you,

kenny, you see the back an forth. how does it feel to you? >> on the one harnd hand, certainly, like bob said, futures rocketed higher as soon as so it as soon as it came out. it kind of feeds on itself. the sellers know it. they are salivating. the sellers know, they pull back. >> they get out of the way. >> they let them go. they look for liquidity. the only way they will find it is by taking the market higher. i have to tell you i think it's an overreaction. is it a good number? are we talking the 300,000 number? not at all. >> the february number was revised to a 300,000 number. >> i think it's way. we have a two months of negative to flat macro-data. this one report can't create this move like this and have sustainability. >> but the mark is never wrong. >> listen, what's that saying? you can be -- you can be -- you can be. what's that saying? >> i'll let you think. >> i'll remember in a minute. >> i know what are you trying to

say. let's not confuse genius with a bull market. >> yeah, or you are going to go broke before the market. i forget how it goes. >> have you raised your s&p target this year to 16.50. you might hit that in may. >> yeah, i thought, actually, usually it's 16.y. i thought that was aggressive. yeah, i may have to revise it again if things are looking good. for us, it wasn't so much the jobs numbers. we have been seeing really good earnings all throughout q12. we started the quarter at .5% grown earnings growth. so we're at 6% growth for q1. this is confirming we can continue that type of growth for the year for us. >> but if revenue is not there. isn't is that one of the issues? end market demand not there. kenny is right the economy, the signals we are getting are just okay. >> yep. >> they're still bullish.

that's why my estimates are based off trading 14.5/15 times earnings. i'm in the saying we should be training at 17/18 and if the earnings are there, yes, revenues have been disappointing, absolutely. >> right, but you are talking about that number at year end, we will get to 14, fought 15 times earnings. we're only through may. where are we really going? are we going up 22 or 23%? i don't see it. >> we have our futures earnings growth. at 13. 14.5 in the past year's earnings. we're still looking very conservative. i think at the end of the year, if we end up at 17% growth. >> let me bring in a stronger bum. jeremy, you are a target to 16.75 earlier this week, as a matter of fact? >> right. i think we will see 16.75 again over a 12-month period. >> you will hit that in the summertime, at the rate we're going here. >> i hope that's true. i think we will hit a period

where markets are to be more rage bround bound than higher as we have seen over the past few months. considering where we have been, the upside risks we saw four months ago are playing out. housing is improveing, domestic oil production is improving. policy has really moved to the sidelines -- policy risks have moved to the side line, i think what is underappreciated is not the fact that earnings are doing decently, companies are giving back the money. dividendsre up 12% in the first quarter. i think that's a trend that's likely to continue. >> that's a good point you may, dividends and buybacks are where companies are buying back capital. not hireing. that's why that point is so debatable on whether or not that tells us anything. it's been buybacks and dividend plays that companies are doing with their cash rather than out and out investing. >> that's a defensive play. >> does that bother me? >> no, it isn't, capex is improveing. it's improveing more slowly.

we've had xhim momentum. the jobs report really should be reassuring that we're not going to see any protracted downgrowth in growth that we have been seeing in three summers. we see the moving average of payrolls up 200,000 for five consecutive months. that should by a suring. >> let me bring in rick santelli, you are on the neither one of you guys are buying into this rally right now, correct? >> you know, buying into it can be interpreted in several ways. if i was allowed to trade, i wouldn't be short the market. the question is whether i would be involved or not. if i was, what would i look for before all the ralph cramdens try to get out of the same porthole, i'm not sure. i can tell you what bugs me, though, royal scott did a piece a week ago. i did several pieces on it where there is about 6 trillion world

wide in eme equity, private equity, global equity which probably moves into the stockmarket versus the traditional investments. these are central banks. the way the debt has responded. bob has been talking about it as well on our data, tear economy in germany isn't improving on the first friday of the month. their auto is the backbone of the manufactureing, exports is slipping in a dramatic way. but, yet, their market was up dramatically. that pretty much in my opinion says it all. it's just a question, no, no, i don't suspect they will any time soon, to be frank. >> well, how can they trade on fundamentals when you have every central bank, even ben bernanke says it on wednesday, we stand ready to increase. >> and reduce. >> but the emphasis was on, i think he was preparing for kind of a negative number today, which is why everyone got caught by surprise. >> i will keep in mind -- >> what would your target be, erin, if we didn't have the fed

in this market as heavily as it is right now? >> i meerng everything goes out the window. >> that's right. if it wasn't for the fed, everything goes out the window. >> so let's say we get a suggestion the federal reserve is going to start winding back the stimulus, what happens to the stockmarket? >> i think the stockmarket rolls over. every taif time they've indicated we're going to pull out, whether it's the fall, or earlier, the market starts to get nervous. >> jenny, they don't even believe it and they sell because they want ben to know just like the euro traders wanted the ecb to know that we have expectations and you better match them. >> xajtly right. they almost forced that trade. >> traders send miamis like that? does it work that way? thank you, gentleman and lady. thank you all for joining us. have a good weekend. >> thank you. we are in uncharted territory. another exciting day on wall street. the dow jones jumped up 132 points right here. off of the levels at 77.

>> it's flat. we're not getting an either/or. the dow needs to be up 168 points to close at 15,000. today's big rally sparked by that surprising jobs report or the jobs report kenny likes to call it to. even stronger revisions to weaker reports. after the break, we'll talk to job creators in this economy about the numbers and what they are seeing on the ground right now. plus, the federal reserve said the week it is ready to do more or less. so given today's numbers from jobs, will the fed take them down? take a look at that next. stay with us. [ male announcer ] my client gloria has a lot going on in her life. wife, mother, marathoner. but one day it's just gonna be james and her. so as their financial advisor, i'm helping them look at their complete financial picture -- even the money they've invested elsewhere -- to create a plan that can help weather all kinds of markets. because that's how they're getting ready, for all the things they want to do. [ female announcer ] when people talk,

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well, as strong as the s&p and do you have been. the nasdaq is on pace to close at a near 13-year high. >> bill, you know, it was the defensive sectors that led this rally the first three months. now those extensive stocks are expensive, we're seeing them into cyclical names. they're better than expected earnings. of the tech companies reported so far. 67% have beat their estimates.

lastly, the bosstive economic data, that's a big market. brian marshal telling me if companies feel better about their business outlook, they will, inturn, hire more people which ultimately should lead to more spending. bill, higher spending from corporations, even the government. that would be a big boost to tech's bottom line, back to you. >> we were just talking about it, as a matter of fact. >> absolutely. the level of hirings by companies in april beyond what wall street expected. the previous report is the pro presently propeller for marges today. >> we are pleased to have executives from different industries who are looking for new hires to explain the environment from their point of view. robert clemens, for example, is the ceo of everbank financial. they're hiring right now. james white is chairman and ceo of janba juice. mr. clemmen, tell frus your perspective. are you a special situation or

are you hiring because you feel the economy around you is doing pretty well right now? >> well, good afternoon, bill and pariah. we've actually been experiencing very robust growth in our employee base over the last several years. in 2012, we gathered approximately 1,200 employees that was a 40% increase in our employee base. and so far this first quarter of 2013, we've added another 400 employees to the company. so we have been very bullish in terms of our growth prospects and we have almost 800 job option today and so we expect to see continued growth in our headcount going forward. >> i guess we're trying to figure out if, in fact, these are specific situations or if this is specific industry situations. why is it that you two are on the show today and you have all these open positions and you are actually putting money to work

hiring folk when larger corporations are not. so what's different about jamba juice, james white, or your sector right now? are you seeing particular demand in some areas? what's triggering this hiring? >> maria, bill, good afternoon. really, a couple things that we're seeing. we're seeing an acceleration from a consumer trend perspective. the health and wellness phrase is accelerating. that's a trend that we have been capitalizing on for the last few years. so for this summer alone, we'll add up to about 5,000 employees, specifically for the summer. and that's driven by the growth and momentum we're see income our own business. we were up 5% a year ago in terms of our same store sales. we just announced a quarter that we were up 3.6% against a 12.7% comparison and we've got a pipe lean for unit growth globally

the last 60-80 locations on a global basis this year, which will have us adding about 1,600 jobs alone with just those openings. we've got pipelines we look forward for almost 600 locations globally over the next five-to-seven years. >> so there we are with jamba juice in the consumer brand area. we have financials with everbank financials. joaning us now is the gm. you are hiroshima students with helping with this ecocard 2 competition which looks for the next generation of engineers. you are sort of looking for the younger audience where unemployment is especially higher right now. is it easier to find these hires or not? >> good afternoon. no, it actually isn't. that's why gm is participating in ecocard. it's a collegiate competition where gm as a sponsor helps

develop the next generation of automotive engineers by giving them a hand-on experience and developing advanced technologies that can improve the energy efficiency of the future of automobiles. >> so how are you doing that? are you seeing world demand here? we have been waiting for efficient automobiles to gain traction with automobiles out there. it has not happened. are you saying it actually is turn something. >> well, i think what we're seeing is this new generation of automotive engineers is really excited about the opportunities to make cars more efficient in the future. we know that that's going to be important for our future automobiles. and these students are very excited to get an opportunity to work with gm and other organizations while they're still in university to develop new technologies that are more efficient but still give consumers the kind of features in cars that they expect like good passenger space, good storage space and the things that go along with having a good automobile. >> i'm rung out of time, but let

me ask robert clemens, would you be hire, more if the economy remember stronger? or is it sort of are you bunk along the bottom with the hiring or would you be hiring a lot more if the economy were in better shape, do you think? >> well, i'm pleased to see that it looks like the economy, the employment ybs are firming up and as we see the housing market rebound, we'll certainly benefit from that. but we were well positioned going into the market correction where we saw a lot of our competitors either exiting or downsizing to a large degree or going forward, wooel we're well positioned to benefit both in our commercial lending as well as our commercial lending activities from a stronger economy. and that seems to be happening. >> and james white, government regulations or government tax fiscal policy or whatever it is, are there any head winds for janba juice in that regard? the federal minimum wage keeps going up. does that get in your way? are there things the government is doing that keeps from you hiroshima as many as you want to

hire otherwise? >> yes, two points. i think we sit in a place where we've got an advantage business and i talked about health and wellness early. there are things that we can't control. we spend a lot less time thinking about those. the point i'd make, if we had a big deal coming to congress that would uncork, i think, potential forring a sell rated growth, that aside, we're in a marketplace where we're taking share. so we're growing at 60-80 locations a year. we're actually pretty excited about that growth. >> we'll leave it there. gentleman, thank you for weighing in on this important suggest u subject. we appreciate it. >> we're bunk along here to see if the dow reaches above the 15,000. it was up a couple times today. it needs to be up 168 to finish. right now, a gain of 131 points. if you think this is good, you haven't seen anything yet. they say get ready for dow

20,000 only a few years away. that's coming up. we'll talk more about. much more music as well. s&p on track to close above 1,600 for the first time ever. is this the meltup or the meltdown or the continuation of a long-term bull market? the special music am edition of "close bell" continues right after this. [ music playing ] '0

. >> welcome back. yes, another day, another record high. the s&p 500 breaking through the 1,600 mark today for the first time ever. the index rallying an astounding 141% since hitting its low back in march of 2009. but if you missed this historic move, is it too late to get in? here to talk the markets. on the technical side, the investment research. on the fundamental am side of the story, abigail do youlittle is a cnbc contributor. thanks for joining us. ryan, let's look at the charts. what do you see in the spy, the etf that tracks the index. how does it look for you? >> maria, i have been coming on a while, i still think you are looking at the near term charger. the s&p is in a nice upward channel since last year t. forward average is supported multiple times. as long as we are above that, i continue to think we will go higher.

a longer term basis. we came in with the 2007 peak and right where we were earlier this year. an interesting thing has happened. a lot of bears say a 50% pullback will happen. we broke above. that now all these bears have been trapped. i think that's the potential to push this market higher into the near term and into the future. >> what about the fundamentals, abigail? >> from a fundamental perspective, maria, i think ryan is asking, what is the catalyst in this bull in fact? on , i have to agree with my friend larry kudlow and say it's a profit outlook. where i would not agree with larry is the estimate for this year and 122 next year can hold. if you look a valuation on the s&p, we are in a secular bear market. peak was at 31,000 in 2000. we are at 16 times. i do agree with ryan. i think we could pop up higher, maybe 17 times. that downtrend actually suggests

we could go into single digital multiples. more near term, when we take a yield.he ten-year treasury it's in a downtrend. i think we will go lower on that yield, suggest a correction in risk. i think we will see a correction in the s&p to this bull run of 10-20% in the second or third quarter t. higher we go, the worst and more severe that correction will be. >> go ahead. >> i just, i don't see that, maria. you know, what you see on the market, what are the two things we seen for four years? we had the feds and the skepticism of the rally. i don't see that big of a correction. also the aeii poll recently came out, again, more bears than bulls on a ten-week basis t. bulls are at a four-year low. i think that's bullish. >> i think, ripe, when we take a look at this rally since 2009 the entire uptrend has been built of if it bits and starts. we're up 20% in a parabollic trend from the november trough. i think also you know parabollic

trend tend to, they correct by dechlgs i think we will zien see that soon. i think it will actually be healthy. this entire rally has been up 10 to 20% up and 10 to 20% down. i think actually a 3u8 pullback would be more healthy for this run than straight up from there. >> all right. we will leave it there. fundamental, obviously, just okay in terms of the economy burks they sure are following the fundamentals today with that jobs report. thank you both. we appreciate your time. we'll see you soon. >> thank you. the last 20 minutes the dow is up 138 points right now. they need 48 points to get to 14,000 -- or 15,000. i'm losing count. >> they're moving so fast. jobs market seems to be picking up. is now the time for the federal reserve to take the foot off the economic stimulus gas pedal? we will look at that. speaking of jobs, one of the industries creating jobs at a fast pace is one of the most controversial.

coming up, you will not believe how many people the drone industry is hiring right now and the surprising place all of that growth is coming from. still to come. .

welcome back. 30 minutes left until the closing bell. here's how the markets are shaping up. if you just joined us, where have you been? you missed a barn another burner. it was off to the races this morning. the dow was above 15,000 for the first time ever. earlier today, right now, a gain of 132 point. we need a gynei gain of 168 to reach 15,000. the nasdaq is stronger than all three of the major averages today. apple powering that one higher. apple finishing off its best two-year period. the nasdaq up 40 points. the s&p 500 is setting its own record, first time ever above 1,600. a gain today of 16-plus poevents at 16.14. >> the market, of course, rallying at the better than expected jobs numbers this morning. this coming two days af the federal reserve says this,

here's the quote, the committee is prepared to increase or reduce its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes. >> it increase or reduce. did this report make it more likely ben bernanke and company will back off stimulus? we have some people here to discuss this. nice see you again. what do you think? is this the kind of report, is it more likely the fedding pull back sooner tan later? >> i think this is my official file, i think it doesn't take away a 1-and-a-half to 2% gdp number for the united states. for me, there are specifically four things. first of all, hours worked. i know we can talk about this the whole day, i won't go into great detail. hours worktd worked, still an

issue. diffusion number in manufacturing still lots of decline concerns there. finally the quality of jobs we're creating. so in that regard, i don't think we will see any change from the feds. >> you don't see them pulling that? ? >> i think the number is participation rate. i think it will be very misleading for our policies man. >> is there anything in this jobs report push you one way or the other relative to what we heard from bernanke this week? >> yeah, i think if we continue on this trend, maria, it does marginally reduce the amount of time. i was trying to think of the equation for the topic we were going to talk about today. here's what it is, delta unemployment call that x equals some unnoticeable amount of qe over some unnoticeable time. notice there is three varables there t. change in unemployment

equals some unknown amount. if you asked me, it probably is the time the fed will be out there buying qe and the amount of qe it buys. it may be like weeks. it could be tens of billions of dollars in a base of trillion. not a lot, maria. if it continues, yeah, then i'll change my forecast. >> greg, do you think this is the kind of report that maybe the fed was thinking about when they released their statement the other day about adding or subtracting, pulling back or increasing? don't get too excited about one or two or three different reports? is that what they're after here? >> i think that you had a situation where a month ago, most people at the feds thought if the labor market continued to improve at the pace we had seen in january or february, they would have stopped qe or dialed it back significantly by the enof the year. the bad markets in march forced them to rethink. that's why they decided to change the possibilities, if the xi tampgd, they could increase qe. what today's number does, it

takes that possibility off the table. we are not going to hear any talk i don't think in the fed by dialing up qe. however, it doesn't quite get to the level it says they are going to dial it back. they've said they want to see consistent job gains. i think around 200,000 a month. we're not quite there yet. they want to see the unemployment rate going down for reasons other than people dropping out of the labor market. in april, it was pretty good. we had people coming into the labor mark. but we haven't seen that on a consistent basis. so good but fought sufficient for the dow to dial back yet. >> what about europe? how much is an issue is europe. do think we will see more of an impact of that weakness on the u.s. economy? >> so, first of all, finally, they seem to be getting it. i think the rate card yesterday was exactly what the market was looking for. also, i think policy is finally seeing a serious shift. marion drug has comments around negative rates. the possibility of thinking in that regard is positive for the

story. i do still worry about the structural issues. i saw the unemployment rate from spain trending in the wrong direction. i think we can't get taut caught up in the target moves, which show yields in italy and spain. we need to focus on the structural numbers. i think the knock on effects in the states we should worry about and capital flows. >> i wonder what you think this show what is they got. i think what they got is the problem six months ago. wasn't it clear european growth was negative, inflation was going to top off and probably trend down. here they are cutting kates rates. people giving them aapplause for doing what they should have done. >> oh, absolutely. >> they have yet to show me they get it. >> i think there is much more they need to do. i think it's pretty clear. in fact, when i was here last time i said they were absolutely behind the curve. if you compare the actions of the europeans with what's happening in japan and the

united states and elsewhere, it seems to me they have been behind the curve. my point is finally, they seem to be catching up with the market and other policy discussions are around the world. >> and, greg -- go ahead. >> let me make a point about europe. i believe with steven. he says they have been behind the curve. but there are three interesting take-aways from the press conference yesterday. he talked about the possibility of negative interest rates. he talked about retaining the low refi rate for at least a year. kind of a forward guidance we have not had in the past. he said they are now negotiating a palestinian to directly extend credit to small and medium size enterprises. i would never call any of those a game changer, the fact that they are talking about those things i think is encouraging. >> if they do them without being forced to do it with some market crisis, then i agree, they're somewhere near being on the curve. just talking about them, except for the forward guidance one, which is an actual policy thing.

but if they do those other things before being forced, then i agree with zambesis said, they get it. >> they took a swing. mario dragi said they need to cut taxes, not raise them. ben bernanke said fiscal policy in this economy has been a drag, not healthy. do you think as long as they are talking about sequesters and spending cut, greg, they're more likely to spend more time on qe than anything else? does that prolong the period? >> absolutely t. fed is trengd along at 2% instead of 3% because of the austerity in the pipe line. i think they are optimistic we will get b to it by the end of the year. maybe qe would have been tapered off already. >> eia, you said it. remember, that the nonpayroll numbers we got today is below the six month moving average.

there is still a lot of concern. i think it was particularly interesting that bernanke mentioned fiscal policy in his discussion. >> interesting. you guys are fought believers. we got triple digit moves in the jobs number, not a lot of believers. >> it's supported by liquidity. i don't think anything has changed in that regard. >> we'll leave it there. thanks, everybody. two minutes before the closing bell sounds. we have the industrial average. >> some stocks are driving the rally. we will have a breakdown next on which stocks have been making the biggest moves to the upsides today. then after the bell, one of the market's true wisemen has called this rally from the start. you won't believe how he said this call is headed. the bullish call next on "closing bell."

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welcome back. records being smashed left and right on wall street today as the market soars to the upside.

josh lipton moving up the big movers. josh. >> maria, we begin with the green. investors increasingly willing to bet on sensitive sensors like materials t. best performer in that sector was u.s. steel. up today, they're still down more than 20% this year. discount brokers also moving higher, charles schwab. td ameritrade, both interests are exposed to interest rates. so the investors think the economy is doing better. rates ultimately rise. gilead the drug maker hits a record high today. quarterly profit jumped 63%. that stock up some 114% over just the past 12 months. on the downside, terra data, the worst, they say they are looking at results on the lower end. susquehanna and specific crest cutting their targets.

on link ed in. the social network forecasting revenue that disappointed investors. bill, back to you. all right, josh, thank you very much. heading to the close, with egot about 15 minutes left here. yes, we are moving higher again, up 155 points. we were up 177 at the high of the day. we need to be up 168 to get to dow 15,000 on a closing basis. >> it looks close, up next, morgan stanley will join us laying out the three things he says need to happen to keep this rally up. up with of the architects of president obama's economic plan offers her insights on the improving job market and the economy, still to come.

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welcome back. we're in the final stretch. check out the warning, back to the highs of the day, before the bell sounds on this historic day on wall street. the dow was up 170. it's 162 right now. >> we need 168 to finish at dow 15,000. wouldn't you know, david would be on from morgan stanley

management and john as well. mr. dars. you. >> you said it. a good jobs report. here we go, taking off. >> you want to see profits? i tell you, europe is calming. europe is healing. the united states is healing better. japan is reforming. mexico is reforming. turkey, the phillipine, indonesia is emerging, china is slowing. those are the themes right now. >> but did this jobs report warrant this kind of response today, do you think? >> yes, it did. the market held in so well in april as you know, it was up 1.8%. it's been up seven months in a row as you know, bill. when you get a good number and a revision upward, it's phenomenal. there is 11,000 people out of work. we got to see that for the market to make really long-term gains. >> that's the thing. a lot of people are saying, yes, it's better than expected. it's certainly not a barn burner.

it's okay. you got a real persistent issue in unemployment. is this warranted? >> i think what people are missing is the fact since the fed meeting, we have been kind of a little bit flat as well as dropping rates yesterday. so i think people were waiting to see what the palestiniant was this morning. as long as it wasn't going to be terrible. they were going to buy. so we saw copper up fully 5% before the mark even opened. so i think that this was just kind of pent up demand and relief they finally saw the print and they can go all out and buy. but it was all the fire power we got on wednesday. the fact the feds said they were going to increase if they had too. the fact they said europe was going to go more towards prosperity, which we have been talking about a while. he said it's a stupid idea to raise taxes when things are slowing. you can't cut your way to prosperity. those are the big take-aways. i think the fact that the unemployment report was a

goldilocks number. not too hot, not too cold, led the bulls to take out 1,600. there was really an air pocket above there. >> let's not forget, the last time mr. draggi spoke, he said they would do whatever it could. >> july 26th. my daughter's birthday. i remember it well. >> you woe blue. i woe grey. >> that's right. >> what do you think is the most expensive stock in the world right now? what has the highest market capitalization in the world? the highest market cap. okay. get the terms right here, what do you think it is? >> that would be a major oil company or a major personal computer iphone company. >> and that would be. >> that would be this right here. >> an apple a day is back on top. >> they sold 14% in the last nine days. you guys have called this. >> did you ever stop buying apple? >> no, we didn't. we brought it down to the 300s. we would buy it here.

we think that thing has a $600 target it to. that's achievable. $60 times the 12? what was that number, 422? >> $422 billion. exxon mobile is $400 become right now. >> isn't it interesting, you saw a rotation. last week, nobody wanted technology. this week, they're selling the banks. the banks are laggards. bob do you see conviction in technology right now? >> i think we see a lot of conviction. with recalling it dr. nasdaq because it seems to be leading the whole world. it's leading copper. the fact that these technology companies are able to issue debt. ibp issued 7-year paper at 155 basis points. that, i think ibm can give us a return on capital. it's greater than 1.6 r5%. to see these technology, it's paper below the dividend yield is we're going to look back on these times and say i can't believe i didn't buy these stocks. >> you want to buy some ibm.

it's mr. buffet's third largest position, as you know, he's adding to the stock. that's another money machine, global foot print buy ibm. it's cheap right here. don't forget mother's day a week from sunday, everybody. >> you will not be here next week? >> i will be here. >> he'll remind us again. >> thank you very much, david. john, good to see you. >> they increased their buybacks. have a great weekend. who do you have in the kentucky derby? >> verr a zano, i think. is that good to pick? >> have you focused on the record break on wall street. >> exactly. we're coming back with the closing countdown, we'll see if we can get to the dow 1,500. >> we will talk with the one that predicted dow 15,000 on this program. we said, wait until you hear this next. first in business world wide. [ lorenzo ] i'm lorenzo.

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[ ghosts moaning ] surprise -- your car needs a new transmission. [ coyote howls ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. seen a lot of records, a lot of history made. another day with a lot of history. >> aghistoric day. the dow jones industrial average breaking 15,000. we're short of that right now. >> here's the s&p. we opened this morning well above 1,600. it hasn't really looked back all day after that jobs report this morning. so what did it take?

it took 13 years, if i remember correctly, to go from 1,500 on the s&p to 1,600 in that period of time. so is the lost decade over? that's the question we should be asking today. there it is, up 1% on the day. the dow, itself, remains to be seen. we were there a couple of times. once there, once there, only briefly. we looked like we were trying to get it in the close. we still got 3 minute left year, quickly, we pointed out here, the highest market capitalization stock in the world after this rally lately, the stock that's had its best two-week period in the last two years -- apple, highest market capth it's at $422 billion. exconmobile at 4.2. >> when exxon mobile was out. i said, don't buy it. we have the m.p.3 player.

>> give us your sense of the close right here. we're closing off of the best levels. >> i'm not putting any new money to work. i want to sit on my hands, if i'm aggressive, i will take direction with selling call or buying some kind of protection. 30 years, this is my history in the marketplace. this tells me, i don't want to be doing anything today. if anything, i will go home short. >> it feels like you want to feel into this. >> i know the market. i believe the market goes higher eventually. this run has been extraordinary. as a trader, next week very light news economically. you get cpi numbers out of china. pmi numbers throughout the world. i just am a little nervous here putting new money to work. >> i will head back to the 4:00 show. a good show, see you on monday. >> say good-bye to ralph acampora for me. >> i will be competing with the

marrichhi band. >> you are not alone by the way. logic said to you at one point, it's gone far enough, it's too risky. yet it keeps going higher. >> so the long positions have worked out beautifully well. the internals are saying rotation. you are seeing utilities on the downside. that says the investors and equities are taking out a lot more risks. >> that says to some people, we are not going to see a traditional correction. because this market has been correcting as we go along. you see one sector fall by the wayside as another one surges ahead here. this is what happened with apple and exxon, right? >> absolutely. and i don't dispute that argument. however, the pullback in the utilities and the like and the te telecoms has been less than 1%. like i said, it's been a great run. i don't want to spoil i. i'm not

putting any more money to work. >> have a good weekend. up 40 point. it will be a record high. not 15,000. that will have to wait. the s&p first time ever closing above 1,600. get ready for ralph acampora's prognostication for the future of the dow in the second hour of the "closing bell." have a good weekend. hi, everyone, on wall street the dow and s&p 500 closed at all time highs. take a look at you we are setting out on this friday on wall street with the dow jones industrials finishing up. the dow had been up 177. so we're closing off the best levels of the session, but no doubt about it, the big mo is with the bulls. the nasdaq composite today up about 38 points. the s&p 500 unchartered territory there as well.