>> he knows how young kids feel. slamming wall street gives you positive press. i understand it. thanks for watching "street signs." mandy is back on monday. "closing bell" is next. have a fantastic weekend. we'll see you soon. hi, everybody. happy friday to you. welcome to the:. i'm mari maria bartiroma. >> job numbers in terms of job growth, minor selling in the stock market. a bond market rally that brought the yield in that ten-year note down more than 10 basis points today. >> you would have expected a bigger move given the move down in the ten-year. >> if they considered bad news to be good news. you have one profile dub saying

he's been too optimistic. he's calling for a longer time frame. >> i like that story. we're now less than two hours away from time warner customers losing cbs and showtime. it's a big deal. today is the deadline. we'll have updates on any developments or if either side speaks out. >> we've got many cities watching that one carefully. also keeping a close eye on two potentially dangerous situations in the middle east. more protests in egypt today, this one in support of ousted president morsi and we also have an update on the terror threat that has prompted the u.s. to shut down embassies this weekend. >> yeah. that is a story that's still developing. >> it hasn't affected the markets. >> no, not anyway yet. we've been all over the map. take a look at this chart. we had losses at the beginning of the day that we did, in fact, see that bigger than expected jobs numbers but we're down about seven points as we

approach the final stretch for the week. 15,620. we're down from yesterday. up 6.75 on the nasdaq and the standard & poor index, having risen, but still in negative territory, bill. >> so a disappointing jobs report, but was it disappointing for investors? bob miss . >> traders have had various comments, are the feds going to be around longer. we all know that. and we're still seeing selloffs met with a by-the-dip mentality overall. those are the three issued. take a look what we're doing with the dow industrials.

we're just about to go positive here, and i'll tell you if it wasn't for the crummy earnings, e e exxon, i'm talking with you. the refiners are to the downside. the bottom line here is traders are not looking for perfection in any way. the vix is sitting at a six- or seven-year low. that was the lowest since march. look, the bottom line is what happened to the second half turnaround? we're supposed to get better numbers. thing, guys, most of the people i talked with are going to need a lot more negative data points before anybody gives up the idea that the second half is not going to be a modestly better half than the first half was. it's still alive, that idea, and think that's one of the reasons the market's holding up so well. >> thanks, bob. >> yep. >> it will be record heise

today. so we're just off yesterday's records with this sub par jobs reports. this morning let's talk about it. >> yeah. joining us to break it all down is dave. john manly from wells fargo funds management, anthony valero and anthony chan. let me kick it off with you. your characterization of the jobs report today, what does it tell us about the economy and about tapering? >> a couple of things. it's weaker, but by no stretch of the management is it a different number. i remember doiuring the financi crisis, we had declines. this is not a bad number. we've got about 175,000 on an average. people are going to complain about part-time workers but by and large, the economy is decelerating. >> we're impatient to expect

higher numbers right now. >> i think we are ball the real gdp numbers have slowed down and you should see a little bit of a slowdown, but these numbers are still suggesting we have positive growth. >> john manly, does this change your view of the stock market here? >> no. think this is a number no one's going to talk about. there was no c change here. it's still going to be slow because of the way ceos run their money. that gives you the boy ansi we're seeing today. >> all of that is fair and well, but what does this mean for investing, right? what do you do in an economy that's slow to create jobs and is sort of bouncing along the bottom? >> you buy. i think you buy stocks. what happens in the next year, year and a half, you're not going to see the thing fall apart. meanwhile the fed's going to push money. earnings are still rising. it's still a great product. >> dave fleischer, what do you

think? here we're sitting at all-time highs and we're sitting at job growth. >> that's right. we've been positioning our folks for increased volatility which we do expect for the second half of the year. we have a political risk. the market seems to be hypersensitive and we have the pending appointment of a new chair. what we haven't talked about is interest rates and what this means for investors. there's a whole bunch of them who won't know what happened to them as rates do begin to come up in a much more deliberate pace. we view what occurred in the late spring, early summer with the jump in the summer a nice warping shot for bond and specifically bond fund investors to make sure they're short and prepared for the interest rates as well. >> anthony va valeri, what about

you? >> i think is is a softer report, but not terrible overall and still indicative of it. yeah, you do have to look optimistically on stocks. with regards to bonds, i think this further enhances the ran - range-bound yeel. i think bond investors have already got kind of a shock, so this has been a severe selloff. it's a low return environment going forward. >> anthony chan? any more? we're getting used to this. we had another one today. >> i think we we're going to continue to see those kinds of days because remember the federal reserve is suppressing long-term interest rates and to the extent that they stop pressing them as much, you're going see that. >> is that confusion on the part of the bond market? is it a misperception of fed

intentions? why the tremendous -- >> i think it's going because every single day aerchld time we get new information that the federal reserve can react quicker or slower, you're going to see those kinds of movements because there's a huge disparity between where interest rates are today and where they should be. >> who's jumping in? >> i'd argue that we're seeing roughly fair value on bonds here. the problem is it's really a liquid market and price rings get -- >> what value are you talking about, anthony? 275 or $260? there's a big difference. >> when they say it should be equal to the inflation rate plus the growth to the economy? the economy's running at 2? that means the fair value given the fundamentals today is over 3.5%. >> nominal gdp is running 2 president 9%. there's a close correlation as well. there's a lot of metrics you can measure by.

bonds should remain a little expensive. you know, i think ten basis points, 20 basis points here or there does not -- is not that big a deal, but, again, looking -- people are going to stay on the sidelines. it is a tough environmental for bonds but we need more robust data. >> bottom line, does anybody on the panel think that the fed begins tapering this september given what we saw today? >> i don't -- they won't do it if they think there's going to be an impact on the economy. >> anthony chan? >> i think what they'll do is make that. what they'll do is alter the amount. >> so, yes, september. >> yes, september. >> anthony valeri, september or no? >> yeah. i say 70% chance february begins to taper in september. >> dave, you're up. dave fleischer -- yep. if there's any indication that there's going to be debtment to the economy the fed has demonstrate they'd'll be more

cautious than not. >> so no. thank you, guys. i don't think so until larry summers takes over. >> we've got 15 minutes left in the trading session here. >> we could go positive. >> we could. >> the s&p wants to go down. the dow is down five points after having been down. >> linkedn stock. >> we'll tell you. you cannot afford to miss this coming up. >> that and a lot more coming up on "closing bell." back in a moment. clients are always learning more

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well, the whispers were for more jobs to be created. may and june were combined lower for a combined 26,000 job and that sent the stock market lower. the dow has come back and the s&p has just touchdown popular. >> even though the unemployment rate came down. what does this say about the economy? joining us to talk about it is steve liesman and rick santelli. what's of youyour assessment? >> it's not gone down easily. we have been talking about this all day. it's right in the middle. i was hoping to go hope.

it's 160 with a 7-4 and it's a complicated number. i think what you heard is instructed. he said the fed needs more data. >> rick, the bond market seems to suggest that they're not going to accept it any time soon, don't you think? >> i'm reading the bond market totally different. let's go to the wayback machine. last number was better than expected with positive provisions. today we're seeing the opposite. i have a sense that the bond market may be subcy dids and it may not be at its true value. i think it's behaving in a logical action. bad news brings rates down, good news brings rates up. the only difference is when they get done with these programs, i

have a feeling you're going to keep behaving that way but you're going to scale up 40 basis points higher in the range. >> let me ask you guys can we realistically expect to begin tapering next month? >> a lot of people think tapering begins in september. i say no way. can it really start in september after these numbers? >> it's next month. >> there's a lot of ways they can do it. for example, a sense that they bring it down by $20 billion, but that's where they would stay for a while. the feds' view on this is that the individual month's reduction does not matter. what matters is the amount of projection. that's the stock and flow thing. some say the fed has this wrong which i have some sympathy for that argument. but right now the way the fed views the world is the amount of bonds it takes off the world and

that's what the market prices in. the question is the multiple the market puts on that reduction. >> steve, let me ask you a question. listen. here's the way i look at it. forget the taper talk for a minute. in the end let's assume that this is the speed of jobs and this is the speed of the economy, okay? and barring that the economy gets its act together and does things that will create jobs in the private sector, does the fed think they can do this? what if this is the new normal? >> no. that's an important point. what i can tell you is bernanke disagrees with you. >> i know that. >> i don't think he would disagree with you forever. >> what does larry summers think? >> i think he would agree on that. the fed believes that its policies can affect the economy, can affect the level of unemployment, affect the amount of job growth that's out there. if it got to a point where it

thought that rick is right, my level of unemployment is higher, that it ain't coming back higher than that, then you'd's up on it. you'd have no inflation risk. >> steve, did you ever -- did you ever watch old westerns when you were a kid? >> oh, yeah. >> listen. they didn't have doctors in emergency rooms and balances. they put a ball in the gun, they shot the other guy. he's wounded. now, he didn't get good surgery and medicine but over a couple of years he's back in the saddle. do they have a function in their m.i.t. models where it's been five years and the year after they start. how do we know there was any correlation to the fact that i have a balance sheet? >> they do. the m.i.t. textbook says don't run the economy like a spaghetti western. >> believe me. that sauce wouldn't turn out any

less tasty. >> go ahead. make our day there, steve. >> that's good. >> there's an important point here. bernanke and others are sort of running a dock tan saying if they can help, they should help and that's part of what they've been mandated to do by their legislators and lawyers. >> that's why i totally agree. we need to vote people in to take one of those pillars and drag it down. i'm all for it. >> rick, you bring up a good point. we have been so conditioned so solving a big major problem within an hour or by the third reel of a motion picture that we expect this to have solved the problem in about five years and it just is not the case. >> exactly. >> we're still deleveraging and the economy is still muddling around here. >> yep, yep, particularly with europe in the mud. >> there's an attitude that recessions are good for

economies, they wring out ek sayses. but there's a part that says you don't have to do that. that's the doctrine i've heard guys like stan, an m.i.t. guy says, you know what? i cannot stand by when i have a tool and know how to use it. >> recessions -- an m.i.t. study, recessions are kind of like economic enemas. >> oh, boy. can we go back to the western metaphor? >> have a good weekend, guys. thank you. we'll see you a little bit. we've got a market that's flat. industrial is down 2 points. >> look at this chart i'm told. >> it's coming. >> linkedinsharelinked linkedin

>> speaking of big designs, war rhett buffett -- they say, i'm on my way of becoming the richest person in the world. >> it's just a matter of time i don't know if i'll pass him on the right side or left side, it's going to happen. >> so much for the prediction. he's lost $33 billion in less than a year and a half. how does that happen? coming up, we'll take a look at whether a comeback could possibly be in the cards. how he lost his money and then some. >> breathtaking. >> coming up on "closing bell."

stocks kind of hovering. josh, break down the stocks for us. >> let's recap some of the big movers in today's trade. first up, vie a kilometacom jus the bottom line. also in the green today, mylan. cowan races this to perform.

remember the intraday low was 17.55. now charge back to that offering price of 38 bucks. and we'll end up on linkedin. our own julia boorstin she talked to the ceo of linkedin today. take a listen. >> we're going to focus on long-term value creation and along those lines it's about executing the plan and we were pleased with our quarter. >> investments pleased as well. up some 100% so far this year. maria, back to you. >> thank you so much. we start talking numbers on the stock. good to see you both. yusuf, you're up. you upgraded linkedin. you took your price target from

170 to 250. what's the biggest driver for this stock? >> really, the biggest driver is the numbers they put out yesterday and looking out for them the next five to ten years. this is a business that's just really getting started. we think long-term growth is not 15 or 20%. when you put that in the chart it's better numbers. >> what does that tell you, abigail? >> it suggests there's a weak link that tells you it's time to sell. it's moving in the right direction. up. however, less pleasing to the eye is the piercing channel to the upside. more likely what happens more wauchb this kind of manic trading is a complete reversal. probably back down to a near-term floor of support

around 160. this chart says to me get out above 200 while you begin. >> any thoughts on that yousef? >> right. i'll leave that to abigail. what i can tell you is the numbers are improving and frankly if it were to pull back, we'd be buying a lot. this is a story that should be playing in the next three to five years. that said, q4 historically is seasonably strong for them and they have a number of products particularly on the advertising side they're going to be launching between now and year end. so we think the momentum is going to continue. it will be interesting to see. >> does valuation become an issue at any point? >> to me it does. >> it absolutely does. go ahead abigail. >> no.

y yousef, i'm asking you about valuation. >> it's one of the most expensive names in our space, yep is the only other name. we feel there's been a rotation into stocks with relative scarcity. in other words, if you're a large cap tech investor, one in exposure to the internet, there really aren't that many companies growing at 50%, 60%, 70%, and doubling their margins over the next few years so i think that's important to consider. >> abigail, final word here. >> yeah, maria. valuation does concern me. the price in 1999, ridiculousness. i think that's what it's suggesting. when cooler heads prevail, you're going to see that pull back. >> all right. we'll leave it there. thanks very much to you both.

we'll keep watching. >> 30 minutes left. the dow and s&p have just turned positive. any positive close is a new all-time high and we're work on our sixth consecutive uptick. >> meanwhile u.s. job growth remains pretty slow despite the unemployment rate falling to the lowest level in four years. that's next. >> also, how will the jobs number affect the fed's decision to ease up on the stimulus? coming up, i'll ask somebody who used to be in those summit meetings. >> check out the online edition of "talking numbers" at cnbc/talking numbers. learn how you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550

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if you just joined us here, we had a selloff on the open this morning. weaker than expected jobs report pushing the dow down 17 points. we've since come back. the dow was positive a moment ago. any positive close will be a new high. it's up nine points at another 13-year right now. let's go ahead on the headlines.

former ceo douglas holtz hagan talks about how weak the recovery is. >> the number one reasons that ceos are not hiring right now is the lack of consumer demand. they're joined by laura. talk about the state of the job market. laura, let me kick this up with you. thanks so much for your time. you saw one disturbing factor. explain? >> i think the one disturbing factor is the labor force participation rate has declined and it's nearing a historic low and at the pace of the historic low we have people living the labor force. we see the unemployment rate going down, but actually that's not going down. also i saw weaker hours and

wamgs which are growing at less than 2%. that's zero real wage growth. so there's not a lot of demand support coming from the labor market. >> laura, we had a wall street economist here the last half hour who said i know there are people who are going to be finding fault with the report. he said look back to the 2008, 2009, 2010. this is much better than it was back in those days. >> of course. that's absolutely true. >> it's a work in progress, right? >> five years later? >> yes. we've had steady job creations, we've had job creation, i think 41 months consecutively of private sector job growth. we have job growth which will get us sometime in the middle of next year probably back to the level we had in december 2008. but i think one should say, yeah, we're better off than we were, bewe're at a slow recovery.

the labor market is still weak. that's what i would say. >> why are we taking so long? we had two or three pretty good reports earlier this year and now we're back below estimates again. what's going on here? >> that has been typical. this has been a good news, bad news recovery. you get a report like today that's a very big disappointment. i think a couple of things stand out. first is the typical privacy sector of the dynamics require on cyclical industries. we're seeing motor vehicles come back finally. housing has started to pick up. i'm less bullish because it's going to get in the way of mortgage solicitation. the policy environmental quite frankly is just deadlocked. monetary policy is out of bullets. the fiscal policy is locked in a stalemate and we're drifting as

an economy. that's a very low bar. at this pace. it's two years to get back to 6 1/2 years unemployment. it's seven years to get back to prerecession employment levels. that's not good enough. >> that's the thing. it's becoming more and more difficult to say we inherited this, we're still finding our way back. once you're five years out, at some point it becomes what are you doing, what policies are in place that are actually going to get businesses hiring again? >> that's right. i think you have to call time-out and punch google earth. there's three mega trends. two, we're not conspicuous consumers and you've got a bar belle employment picture. you know, you're not punching

red and green buttons anymore. >> laura, are we relying too much on government policy, whether it's monetary or fiscal to get the economy going? why can't a ceo pull the trigger and start hiring again. why do they have to get incentivized in some fashion to grow their company? >> i think gary pointed out the action to this. basically ceos respond to demand and their projections of demand. we have a consumer -- consumption in the u.s. economy before the great recession was growing at 3.6% a year. median incomes have not recov recovered. median wachs have not increased. most americans are still sitting on depressed housing values.

you cannot have that kind of engine of consumption strength to pull the economy forward. the ceos look at that. demand is weak. monetary and fiscal policy demand. that's what they're doing right now as much as they can. fiscal policy is contract deeg manned. >> i have to say, i think it's more than that. i agree with you, bill. companies should be putting some of that money on the balance sheet. but they have no clarity. that's the bottom line. >> right. >> we expect with tax rates. we don't know what their tax reform is going to be. tax reform is all over the place. it's supposed to be changed, but it's not yet. health care benefits, the regulatory environment, that's a complete cloud of smoke. we have no idea what's going to be implemented from dodd/frank,

et cetera. >> can i say something? >> go ahead. >> i want to agree with maria. the basic point is this. we're running an old playbook. folks on the household sector, and we've run the playbook and it didn't work. respect the data. do something for the business community. let the traditional business boom drive the recovery. we haven't done that yet and allow ceos to make decisions go forward. laura, you and i talk about tax reform. we need that. >> i agree. >> are we really expecting to go back to the way it used to be where deleveraging this economy? >> why should we? >> we're trying to get off the drugs of death we were on the last 20, 30 years. >> i agree with that. i just want to say there's new things out there i wrote about

that we're not paying enough attention to. i agree we need more investment. i believe in corporate tax reform. let me say i certainly support all of that. some game-changers, we may be underestimating. big data. we can think about that, but it is improving productivity dramatical dramatically. >> very quickly, gary, having said all that, isn't this the new normal we should be getting used to? >> absolutely. there's no question about it. this is a nike swoosh. i'm a ceo. we are first going to innovate and then hire, not hire then

innovate. that's the new normal. >> we're already at all-time highs. somebody's expecting better times. >> we may close at an all time high today. thanks, everybody. we appreciate it. >> check this out. we were down on the dow jones industrial average. it looked like we were going to close the week negative, but now we're in uncharted territory once again. >> this is exactly my point. we're bemoaning a weak job market and yet we're entering another. even the dell dude probably frustrated. michael dell ups his off for the company. here's the shocker. carl icahn is still not happy about it. >> whatever happened to that dell guy? >> we're hours away from the time warner cable. it may black out cbs. stick around to find the latest.

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so it turns out that michael

dell's best and final offer for his company that bears his name turned out not to be his best and file offer after all. >> that's a threat. the company is agreeing to the sweet offer but carl icahn is not backing down. >> we're watching dell move sharply higher. the new, dell's special committee has reach add buyout agreement to purchase the company for 1375 per share, the group tacking on a one-time holder payout of 13 cents per share which michael dell is personally funding. the company has also been in a very public brawl with carl icahn. yesterday the billionaire investor filed a lawsuit, the latest in a series of attempts to derail the deal. he was all over dell today, first on twitter, saying we are pleased to have won another battle but to dell himself, it's

far from over. he commented more on dell saying the skpeshl committee's actions validate what he's been saying all along, mainly that michael dell's offer values the company. icahn calling that, quote, an insult to the shareholders. they were supposed to vote. now the shareholders who own the stock as of august 13 will be eligible to vote at a september 12 special meeting on the new deal. bill, back to you. >> as the dell turns. thank you, josh lipton, very much. by the way, somebody at twitter took me to task for saying deleveraging. we are. corporate america is. the fed is not. >> europe is selling assets aggressively. >> corporate balance sheets have more cash than they've had in

forever. >> it's not as much as in 2008, 2009 but it's still deleveraging. >> yes, it is. >> where are we going? the dow is going up 14 points. likes like we'll go down. david has three things investors need to keep the historic rally rolling. >> let's see if he remembers them all. later while it did not show the growth it hoped for, that's not general motors' fault. coming up, we'll speak to gm's chief economist and what he sees in the economy right now and howze his gigantic company is prepared for the new health care as well. that's coming up.

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welcome back, we're minutes from the close. is it still worth getting into this market right now? let's talk about that? >> we've got david joining us from morgan stanley wealth management. chris wolfe is with merrill lyn lynch. good to see you both.

>> hello. >> i've been saying this all hour. >> goldilocks, not too cold, not too hot. the big factors are still clicking. secondly, housing. 38% up on the new home sales. 15% up in terms of the volume on existing home sales. number three. consumer. consumer credit. consumer spending and consumer confidence and fourth is production. philly fed, chicago. and empire. enjoy the ride. as prince said, party like it's 1999. chris, what are you hearing? are they risk aversed? putting money into this thing? what are they doing? >> finaling markets that are global.

good valuation and lot of discounted fear on the kind of premiums based into those. that's first. secondly, we like the u.s. story. the domestic story works very well, particularly if you talk about a small caps recovery. >> they're at the highs. you're not buying cheap. >> all they need is revenue growth. the last thing they're doing is really thinking about about that bond allocation. we've been so short. so dipping our toes in there. >> i love his work. but watch out on the small caps. they sell for 26 times earnings. >> it's at 26 times, maria. it sells for a thousand approximately and they're going to earn 3950. 3950 into a thousand is 26 times and that's down from an earnings estimate at the beginning of this year of 50,000. >> do you like europe? >> we like europe and love japan. it was up 3% last night.

night before, 2 1/2 percent. things seem to be clicking but the rubber meets the road whether he's going to agree to do that consumer sales tax increase. >> when is it time to take profits? when do we say enough is enough? it's time to take something off the table? >> it's time to rebalance. >> take your money out of bonds and put it where? >> it's the other way around. thing about that bond allocation. the second is reallocate globally. they for goat about europe, forgot about japan and other parts of the market and got stuck in the commodities in the end. that's been the other reallocation. they go toward things like david mentioned. >> so you're telling us to take my money out of equities, put it in bonds right now? >> keep a portfolio balance. >> she's not doing it right now.

>> maria, i would not be buying into that trade. watch out for the bonds. even though they lost at 10% in total returns so far this year. take it easy on the bonds. stay short duration. >> japan and europe, you might like those stories a lot. thank you so much, gentlemen. appreciate it. what have you got there, bill? >> i misunderstood. i thought there was a group of ladies cocktails coming to ring the "closing bell" today. i thought it was those cause mos but it's the new york cosmos. after 30 years, they're coming back. we've got some of the originals to return to new york to play and they're playing a game tonight, as a matter of fact. >> we're going to see them ring the bell. "closing bell" coming up. he's seeing another sign that this bull market has the opportunity to move higher. we'll tell you about that. >> plus, we're wondering why

actor george clooney is picking on dan loeb. we wonder if he's right to slam him. you've got to stick around to hear this one and get maria's observation. that's coming up next on "closing bell." you're watching cnbc, first in business worldwide. one that's 80% smaller. uses 89% less energy. and costs 77% less. it's called hp moonshot. and it's giving the internet the room it needs to grow. this ...is going to be big. it's time to build a better enterprise. together. the healthcare law gives us powerful tools to fight it... to investigate it... ...prosecute it... and stop criminals. our senior medicare patrol volunteers... are teaching seniors across the country... ...to stop, spot, and report fraud. you can help. guard your medicare card. don't give out your card number over the phone.

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♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ two and a half minutes left. i asked for a chart. i didn't realize this. did you see this?

look how volatile the market was this week? we were all over the map trying to figure out what the fed was going to do. then they sent the dow higher with the comments that they were going to make that the tapering was going to continue for the foreseeable future. we had the jobs numbers this morning and we're back for a week. after all that volatility. that's all we're going do for the week but it will be another all-time high. the ten-year yield also very volatile. look at this. this is when the jobs report came out. a big rally pushes prices higher and it dropped about 10 to 13 basis points. that's volatility. >> that's volatility. there are more dips in the market than the nascar race. we love buying the dips. >> we still love the mantra. >> absolutely. >> for years that has been sustained. for years only the mugs would

buy them. >> absolutely. when the average joe was buying bonds, they were wrong. that trade's unwinding. so you get corrections here and there. truisms that we thought would hold true. you have the technical analysis. it has not worked very well in this market. there are many indications where the market has not corrected and we have not seen one. >> except for the oldest form of technical analysis out there. the dow tlooer that says when the industrials and transports are saying that. that's very bullish. both are doing that. the transports are having their best week this week in about a year right now. >> and i am bullish. believe it or not, most people don't believe that. still look for that correction going home. i like that. there has to be a correction somewhere but it's been a very good trade. they don't last very long. >> thanks, ben. have a good weekend.

like your ties always on a friday. that's it. we're going out for the all-time high for the dow and s&p after the weaker than expected jobs report. it's that kind of a job market and that kind of economy. stay tuned. we're coming up in the next half hour with maria bartiroma. and happy friday. hello, everybody. i'm maria bartiroma. even after a weak jobs report we're once again closing an uncharted territory. new high for the dow, new high for the s&p average. seeing some gains at the end of the day. money moving into equities finishing up more than 28.