will we do the same today? or will yellen swoop in and scoop the markets? >> we are moving slightly higher ahead of the minutes. right now up by 83 points on the dow. let's get to steve with the fed minutes. >> we have the minutes from the recent meeting. and a number of participants are worried about global weakness. they are concerned that the strong dollar could dampen inflation under efforts to get to 2% inflation target. the federal reserve staff followed boo y a lot of members the committee cut by higher dollar. the staff also reducing inflation outlook and sub2% inflation over the next few years echoing comments just a few days ago. on the issues of the language of the statement now it is concrete in the minutes that the committee discussed what comes after a considerable time, that

language that was so controversial. most want guidance to emphasize the fed dependent on data and not the date. there was concern considerable time would be misunderstood as a commitment and some say guidance could overstate being further out. there is concern, though, that changing the guidance could be seen as a change in policy, a potential hawkish policy shift. saying there was significant labor slack and argued the markets are healthier than characterized. they said they saw significant under utilization of labor resources. a few want to straighten balance sheet soon. so it's interesting that the market is concerned about global weakness. sell off linked to that. a lot of concern with the data overseas.

three weeks ago at the meeting the fed was concerned about that and palpable concern on the committee that that will hurt the ability to hit the inflation targets. >> the market is up by 122 points on the dow going in. we are up by 83. >> this is a dovish sign because if that is the concern you would think the fed would be lower for longer if that is the view held by the majority. >> the last four times, stocks have risen if not soared when the fed minutes have come out. you and i were joking. the word appropriate appeared 17 times signaling they are not quite sure. 55 times in the statement they used the word appropriate. that means they are kind of figuring things out. >> let's take a look at the market reaction in more detail. we are now up by triple digits on the dow on the perceived dovish minutes. 122 points on the dow.

s&p up 13 points. nasdaq up by 26. as for the ten year yield current lay yielding 2.362% which is lower than the 2.384% going into the minutes. crude lower. no change there. gold is very little changed. >> dollar slightly higher yet again. let's get to bob at the new york stock exchange. it is like a brad pitt movie. when the fed minutes come out stocks rise. >> what is curious, we were rising going into the minutes. normally we are flat going into the fed minutes. i don't quite know why. put up the s&p you see the minutes came out at 2:00. this is where it was. the minutes came out right here. we were rising going into it. we did move up noticebly. concern changing guidance could be seen as hawkish. that is what moved the markets up right now. i think it is very appropriate for them to acknowledge global

weakness because we have been talking about what has been going on in europe. this is the simple way to own europe. this is every single day. today was a weird day. it was up today. europe has been down all month on concerns about weakness over there. china has had concerns of its own. inflation talking about the outlook, reducing it. we have been watching the tips move to the down side. treasury inflation protected securities, very big outflows. this is just prices. in the last month because people haven't been buying treasury inflation protection. they are echoing what the market has been reacting to for a while. >> thank you so much. let's go over and talk more about what the bond market reaction is. rick santelli in chicago. we had quite a weak ten year auction. things have changed a little bit since then. >> don't you hear it? it is the pitter-patter of janus

clause. we see what stocks are doing. there is a lot of important market movement here. if you look at the five year its rates dropped about seven basis points. so the curve is steepening based on this. all of the action is in foreign exchange. dollar index gets whacked and euro dollar dropped. dollar-yen dollar dropped down and pound rallied against the dollar. why is that? because as jim said in his opinion the fed will find every excuse not to normalize rates. so on goes the show. >> and on goes this show. steve, your comments. >> i wanted to comment on your notion about the minutes raising stocks. what the minutes serve to do is tell you where the center of the board is. there is a lot of chitter chatter and pitter-patter and discussions after the minutes come out after the meetings.

when you read the minutes and find out where a number of participants feel and a lot of them are concerned about the global weakness story, they are concerned about the impact of the dollar on their inflation target and missing that and this notion from the staff that they could be missing this for a number of years, that creates a policy dynamic. it lets you know that there are a couple of dissents. the center of the board is dovish. they are concerned about how secure the economic rebound is in this country and when the appropriate time is for liftoff. >> when are we talking about the economy? for years the federal reserve has been putting forth the easy money policy. the economy has gotten better. why would there be reason to believe until we hear something different that asset prices will not continue to go up? i know they are not directly related. fed is not pumping stocks directly automatically i hope. >> i think the fed is concerned about where markets are. they would like to exit from

policies without creating a huge disruption in the market. we are learning with uncertainty overseas they are not going to exit too quickly. >> joining us from pimco. your reaction to the fed minutes? >> i think steve honed in on a good point about the u.s. dollar. the fed is trying to engineer great escape from three things, the liquidity banks not lending. the most delicate one of all is to exit from the 0 interest rate. it has to do this while trying to balance key objectives. that includes keeping asset prices up. the fed transmits through five channels, stock prices, bond yields, spreads, bank lending standards and value of the dollar. when you look at the value of the dollar recently you could say that represents some element of tightening. you can say the fed is toigenning between that because it will have a negative effect

on growth and by not providing the same amount of liquidity as before. next year the fed will buy no bonds. last year it bought $1 trillion worth. several trillion was the equivalent of a couple of points or so and the way it channelled through the five transmission effects. the dollar's movement show the fed and forward guidance and keeping to the timeline on rates is affecting markets which will affect the economy. combine that with oil. >> tony, this line keeps standing out to me, the staff seeing sub2% inflation over the next few years because from minneapolis took the fact and projected no hike in rates over several years. what does the fed do with that? if they are not going to hit their inflation goal over the

next few years what does that mean for policy? >> they have missed it for five years. the personal consumption has inflated. it is currently 1.5% year over year. why not in theory let it run hot for a little while? and let's see how it goes. what if the inflation rate were 2.5? the fed could say over the longer run which is what it cares about it met its 2% objective. the likelihood is it lets americans get a wage increase. wages are up just 2% the last years on average each year. typically it is three. why not let it move up a little? janet yellen next year, does she say to americans for six years you lagged behind now you are at 2.5. we will take it away from you. not likely.

she will want to be sensitive to the idea of wanting to catch up a little bit. move the punch bowl away late and the punch bowl is not very potent and not having a big impact. >> it is great talking about the macrobut for various investors watching they want to know what it means for their money. given what you have just said, how will asset prices behave over the next year? stocks and bonds? >> interesting on cnbc.com there is a story about bonds that talks about the dangers of rising rates. of course, rates have been in a rising climate for two years. a very weak one. the negativity surrounding bond yields or the worry about yields rising is one reason why and probably an answer to 24 puzzle of why yields have fallen this year. remember, there are many out there who are short. what if yields did rise? bottom line in the end think about the new neutral concept.

we think the fed won't raise rates as much as the past cycles call it in the twos. that will keep yields low. reach for credit. don't worry about rates moving too much and stick with equities. >> how about this quickly? if europe continues what appears to be a very rapid slide towards recession across the euro zone, will the fed move back expected rate hikes/normalization to 2016? >> not likely. the u.s. does not depend upon exports all that much. >> i disagree. i think that is going to shave -- i don't think 2016. it could mean one less quarter point. it could mean two fewer. >> and the final word i say is maybe most important central bank globally is ecb. >> interesting comments. good to see you, man. thanks for coming on. the other big story breaking

this afternoon, the man who was the first diagnosed case of ebola in the united states has died. his name is thomas eric duncan. he travelled to the united states from liberia where he contracted the disease. obviously we do not want to trivalize his death. we are a stock program. the stock plumted on the news because duncan was being given the chimerix company's drug to treat. does it mean the drug is a failure? i'm not hearing meg. we might have a technical problem. are you hearing meg? >> i am not. because that would mean you have a technical problem with your ear drum. >> the caveat was well noted. it is hard because people say how dare you talk about a stock.

the reality is we are looking for a cure and people are going to latch on to that with companies that make the cure whether for the right reasons or not. >> especially this morning said positive things about the survival rate of those treated with the drug. let's get back to meg. we believe your audio is fine now. meg, give us the latest. >> reporter: sorry about that. we were just saying we were talking with a lot of infectious disease specialists here at this infectious diseases meeting in philadelphia. we just spoke with dr. craig smith who said no many variables are involved in mr. duncan's treatment including the fact that it took him so long to get treatment. he emphasized that because the drugs are experimental you can't know whether the drug is having any effect. there are bound to be a lot of questions about his treatment. he arrived to the united states on september 20 and started feeling symptoms four to five days later and went to the

hospital on thursday night the 25th. he wasn't admitted and put in isolation and treated as an ebola patient until sunday. there are questions about the delay. talking about chimerix's drug it is used in the nbc news cameronman. the drug has shown data in other viruses. it is thought to be a lot more known about the safety and data is being presented in other viruses here at the meeting. the company is planning to start trials of it in ebola once they get it worked out with the fda. more data should be coming on it. more is to be learned about how it works on ebola and is being used in another patient. in terms of the questions about thomas eric duncan's treatment a statement came out from his fiance she said i trust a thorough examination will take place regarding all aspecks of his care. >> thank you very much. there is one good thing about europe's severe economic

problems. they can serve as a lesson to us on what not to do. how much of a mess will germany be for general motors? you will hear from ceo mary barra coming up. stick around. #

. europe's continued economic weakness could present an opportunity for the u.s. what mistakes did they make that we can learn from?

chief international correspondent has a few warnings for us. >> and a couple of caveats. i could have done a lot more. there are a lot of lessons we could have learned. let's talk about long term ones. don't let your economy become too rigid and uncompetitive. they passed so many regulations in europe when it comes to labor laws, et cetera and decided to abandon nuclear power. their costs of energy have started to rise dramatically hurting industries at one of the worst times ever for them. don't promise too much when it comes to retirement benefits and entitlements. the whole world could learn this lesson. they ended up with this cost structure that is high and they are not generating enough tax revenue. and the third one is also controversial, a more immediate one. economists generally speaking a grand consensus that in the united states we were much more aggressive with easing monetary

policy. we have a chart for you provided by steve leaseman of the size of the fed balance sheet. look at the blue line. that is the balance sheet of the united states. look at the yellow or lime green line. that is the balance sheet of the european central bank. >> you can take the richest state in america and the poorest state in america on per capita income and they are closer than the richest country in europe and the poorest. extensively visiting these countries from an economic perspective. when you take a look at some of the structural come monetary issues faced by the southern european nations and their fantastic places to go and lovely people. you wonder if it is sustainable. >> i still think there is a huge question hanging over the structure of the european union and whether or not the euro zone is going to hold together. still an open question. >> what is your personal opinion on it? >> it almost becomes a associ e

sociological question. how much pain before they can't take it anymore. the eternal devaluation where wages are pushed lower and lower to make you more competitive. >> you and i have been to greece for business. the greeks blame the gurmenserm >> and the germans say the greeks aren't doing their part. there is this level of animosity. >> and spend money like crazy on junk. >> you don't hear somebody necessarily saying damn new jersey bringing down new york. you don't have that. i blame new york for everything. >> i think it is an indrebl difficult job. >> doing a great job. europe's economic woes can seem far away until they start touching american companies and

their stock prices. two of the most conspicuous names, auto makers. gm i think has a much broader foot print than ford? >> in terms of percentage of sales ford has a greater percentage of its sales within europe relative to general motors. when you look at the two stock charts for these two companies one reason we are seeing the stocks at levels we haven't seen is the fact that ford warned a couple of weeks ago gm did not. they said we are planning on turning a profit in europe and a lot of people saying wait a second there are issues including what is going on in russia and foreign exchange and is there capacity in europe. when you take a look at general motors while it has made a number of moves to curb its capacity within europe and it is projecting to turn a profit in 2016, keep in mind they have not made money in europe since 1999.

earlier today on the halftime report we had a chance to ask ceo mary barra if she is being too optimistic about turning things around in europe. here is what she had to say. >> we are seeing good steady improvement in growth of market share with the right focus on the brand. there are larger issues at play but we are doing the fundamentals right and making sure we have the costs out of the business and right products. we will continue to do that. >> we have heard that message from ceos at ford and gm for years. we are taking costs out of europe. when you take a look at their market share or their percentage of sales from over there for ford it is about 21.5%. for gm it is about 16%. you can sit there and say it is not more than a quarter of their sales and the rest of the world is doing well. can't they get away with muddling along in europe? you can only do that for so long. i want to point to something said earlier about the rigidity

in the european economy. that is at the part of the problem for auto makers. they should be closing down plants more often than they are but they can't because of labor laws. that is why they continue to lose money. >> phil lebeau, really interesting reporting. thank you for that. let's bring up a board on what the markets are doing on the back of the dovish minutes. the dow is up by 192 points here. another triple digit move. this has been the new trend and certainly something we have not seen so far this year but over the past 13 or so sessions we have seen majority of the sessions up or down by triple digit moves. volatility is a new thing. >> i will not take things away from today's gain but i will throw complete water on it. the dow with today's gain -- just destroy joy. despite the gain we are below

august 20. august 20 is the day of the last fed minute release. we are at 16979. volatility mentioned well noted but below where it was when the fed released the minutes when they said the word appropriate 16 times then versus 55 times this time. oil and gas prices are continuing to slide meaning saudi arabia compelled to do an about turn from the price cut to a supply cut. will they? our life expectancy in america is at an all-time high. that is good news. there could be troubling news on the side of this when it comes to your finances. stick around. go ahead and put your bag right here. have a nice flight!

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welcome back to "street signs." federal reserve officials agreed they would begin raising interest rates when measures of the economy's health signaled the time is right. the dow is trading up 194, almost 195 points to 16,914 leading the way higher mercke

and 3 m. a fed rally on wall street. back to you. >> thank you very much for that. why don't we take a look at what the u.s. dollar is up to. this, i believe is potentially the first losing week for the dollar in the past 13. remember we had the incredible 12 week streak. today on the dovish minutes it is dropping back. the euro is getting a bit of a fill up today. energy stocks getting whacked again today as crude hitting around two year lows. the energy etf at lowest since february. xop hitting a low. what is the word on the street about where we might find the bottom in crude? >> that is the question. as we head into the close it has not been a great day for crude prices, more than 1% drop. brent down about half percent. gasoline falling, too. that is good news for consumers

after we had a report from the doe on crude stocks last week. we did see a build. that is a lot more than most people were expecting and these prices took the hit for it. you mentioned that brent is on a two-year low. we have seen opec cut its price. of course, that is significant because traders saying opec is more interested in reducing the price than reducing supply. they are meeting next month and they could always change that course of action. i want to talk about some of the break even prices in oil because that is where producers start to get squeezed. when we look in the u.s. we are looking at shale players looking to $70 a barrel. internationally it is about $100 a barrel. saudi is at 87. the question on the table now will the u.s. start to export? will we see suppliers start to reduce that production? it all remains to be seen. back to you. thank you very much.

those lower oil prices certainly probably sound good to most of us but sound terrible to opec. many nations need higher prices to fill treasuries but fund generous entitlements. used to be if opec got annoyed they could drive prices up. we know america is now the leading producer in the world. does opec have the power to move prices? >> i think if they want to keep themselves in business they should. i am surprised saudis haven't taken production back to barrels we saw them reduced to. they are looking into the abyss right now when you consider the surging output from other countries besides saudi arabia even northern iraq set to increase production, as well. they have a real problem on their hands. >> s they certainly do.

what is the possibility you might see a cut before then and what magnitude of cut would we have to see in order to see a stabilization or suring up of prices? >> when you add up production set to come online over the next year saudis will have to cut upwards of 2 million barrels which is enormous for them. they either do try incremental cut and get down to 9 million barrels in the context of the thanksgiving meeting or they go for it like they did in 1998, continue the supply, say they go for market share and break the back of prices and hopefully break the back of competitors like our fracking industry. get the prices down towards maybe 30, $25 for a time. take the pain out to squeeze out the competition. >> we appreciate it. we will cut it short because the dow is up more than 200 points.

i will list the five best performers in the s&p 500. monster beverage, united rentals, gilliad sciences. everything is doing well today. >> not necessarily everything is doing well. we will show people what is not doing well later in the show. that is a tease. >> that is a disaster. you are right. don't forget to tune in tomorrow. you should tune in every day. tomorrow we have boon pickens on. we will talk about oil and opec. are they ready to start cutting production and try to drive prices up. let's look at transports here. earlier on today they were getting whacked. they have been down about 5% in three days. look at this. as brian was say tg is the fomc lift. now it is moving higher. still it is turning around. the airlines, this is the xal now down about 13% from early

september highs. still in the red here. this is something slightly different. this is an ebola impact. the airlines are concerned about demand. >> i find that weird like no industry in the world is more susceptible to fuel prices. >> despite lower fuel prices airlines are down. i bring it down to ebola impact and what people think about traveling if we see further outbreaks or further cases. >> they also had giant gains. >> people have come to realize that flying is -- >> sucks. just really not fun. >> if you are a large person like yourself. >> i didn't want to say it. a tweet byhas harry potter fans going bonkers today. listen to what was said just yesterday. >> costco will release tomorrow. i think they are a buying opportunity at any price.

i think they are the best retailer in the world. that will be interesting to watch. the conference call.

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let's take a look at the markets. the dow is now up by 218 points. the nasdaq up by 64. that is 1.5% gain. s&p 500 is still not back at 2,000 but at 1,960 with a gain of 25 points. >> take a look at sears holdings, the parent company of sears, the stock down 14% at one point. it is down 7%. $2 plus a share. some reports that vendors may be starting to with hold shipments from sears. sears a name probably not talked enough today given the federal reserve. time for something we do every day at this time. five analyst calls you need to know about today. applied materials with a gain of 2.8%. >> investment firm upgrading to outperform to under perform. they bump target. not a lot of upside.

either way some upside. they say the recent pullback. this is now a better run company than a few years ago. they think we are in the start middle of a new spending upgrade cycle. next is diesel engine manufacturer cummins. >> a buy and a $160 target. that is nice upside. 15% plus. analysts say a replacement cycle but for diesel engines. cogent communications. >> a very easy to understand story. up to an outperform. don't look at me like that. 15% upside. two weeks ago jpm more bullish. overweight rating and $41 target. next silicon motion technology. i looked up what this company does. it was very complicated like a completely different language.

i will boil it down to a semi conducters solutions company. >> you know the things you use for cameras? they make those run faster. >> started with a buy. target is 32. about 51% higher. they think the solid state storage market will go 30%. everybody is taking selfies. takes a lot of memory when you are taking an 8 gig selfie. >> you can almost follow the stock through the selfie rage. one year up 118%. >> the kardashian boom. under the radar name of the day is rush enterprises. >> a new texas based commercial truck dealer upgraded from strong buy to market perform. their target on rush 42 bucks. there is shares out there. this call really on the shares. they are bullish on the company. they sell school buses. >> i have always wanted one since i was a little kid.

let's send it to morgan brennan for a market flash. check out apple. the stock is at session highs currently trading up about 1.7%. carl ikon tweeting he will send a letter to apple ceo tim cook one he believes will be interesting several hours after apple announced it will be holding an event on october 16. >> did he e-mail that letter from his iphone 6 or 6 plus? now to talking numbers. our daily look at a stock from a fundamental and technical perspective. let's take a look at costco. costco hitting an all-time high. the wholesale retailer reported better than expected earnings. is now the time to buy? ken perkens on the fundamentals. jason, i start with you. technically how does it look? >> it looks phenomenal. i come calling a bullish

breakout on aisle 7. if you pull up the chart you will see that back on april or may i marked up the chart to show a very clear bullish pattern. there was an upward trend channel that started last spring. interestingly enough not only did costco stay within it but they broke out above it and they have not been able to get back down. that is a very bullish signal. i think if you are looking -- trying to time costco and try to buy the dip i would say look for it to come back down and hit the bottom line of that trend channel. i think we will be above 130. i love this chart. >> you love this chart. do you agree, ken? >> we do have a positive view on costco. the shares were down a built earlier this year but we think costco is the best position to excel in the long term. traffic trends remain positive. if anything it looks like they

can add more stores than they thought. we are quite optimistic on the fundamentals going forward from here. >> thank you very much. costco. >> double bullish view. >> both feeling very bullish on costco. go big mayonnaise jars. be sure to check out the online edition of talking numbers. if you like getting both sides of the coin, fundamental and technical. >> or if you like me because i host it. if you don't like me still check it out. just go there. not until after the show. if you are an investing bidding on the republicans winning back the senate, hold everything. >> we are about ready to go live to one of the most surprising mid term election battle ground states. why is red normally kansas red hot right now? got to stick around and find out, america. tdd# 1-800-345-2550 [ male announcer ] your love for trading never stops, tdd# 1-800-345-2550 even on the go. tdd# 1-800-345-2550 open a schwab account, and you could earn tdd# 1-800-345-2550 300 commission-free online trades.

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we have four weeks until election day. the most important race in the country may be in kansas. experts looking at the senate

race there as the race that may decide whether republicans take control of the senate. so those are the stakes. let's go to john in wichita. big debate there today. >> big debate and it was the fascinating test of what happens when you make a collision between one state's proven conservetism. kansas has not elected in 80 years versus dislike of the whole country. so you have pat roberts in a debate on business issues, health care, obamacare, taxes, regulation making the argument that if you elect anyone other than him as a republican you are turning the agenda over to barack obama and harry reid. >> this issue is pretty simple. the road to a republican majority and to get answers and to get the senate moving again and moving on all of the issues

that we care about is a road that runs right through kansas. >> and then coming at him from a different angle was greg orman not from a democratic angle but saying he will make washington work and break grid lock in that way. >> i believe obama and reid are part of the problem but i think you are part of the problem, too. ultimately i have said that if i win i am not going to support either harry reid or mitch mcconnell for majority leader because i believe they have been far too partisan for far too long. the senator can say that over and over again but it doesn't make it so. >> of course, the irony is that neither one of them may a particularly plausible argument. pat roberts said he would end grid lock. neither canormen change washington by going there an

independent. so the kansas voters will have to decide with three weeks left whether or not his vision is plausible enough to buck that conservatism they have shown. >> kansas is key. thank you very much. we were going to look at the financial ramifications of longer life expectancy, record life expectancy but at this point with the rally we have going on in the markets post minutes we want to focus on what came after the dovish report right at the top of the hour at 2 p.m. just to give context i think you were looking at numbers. dow is about 425 points below the record high, about 2.5%. >> life expectancy discussion is appropriate because this is the fourth longest run for the equity markets ever without a 10% drop. it is the fifth longest bull market of all times. you talk about living longer? almost nothing has lived longer

except hobby that tortoise that has been around. >> s&p record high i think was 2,019 on september 19. what was also september 19? it was a record, as well. >> and a virgo. >> the biggest ever global ipo. >> i hope that turtle is alive. >> it has been a wild day and wild week for the markets. it is only wednesday. we get advice for your portfolio in light of this sudden rally. >> another huge typhoon bearing down on japan. it could be the biggest storm of the year. we are keeping our eyes on that. a strange tweet has the harry potter world all abuzz. we take a look at how much that franchise is already worth. that is coming up. ♪

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most powerful storm of the year heading for japan a. typhoon right after another typhoon pounded japan last weekend with high winds and heavy rains and this one could have winds as strong as 178 miles per hour. on the current course, hopefully it will weaken before hitting

land. i know you used to live in japan. two massive storms in a week, a lot to take. >> yeah. a lot of natural disasters in that part of the week. a chinese earthquake this week, as well. we have a rally on our hands, folks. off the highs of the day but at 189 points to the upside for the dow, i'll take it. ted parish, how much of a green light to buy equities was the minutes that came out early this hour? >> well, i don't think that they were consequential at all. i think that the market pretty much knows that the fed is going to be on pause far little while longer, especially given the strength in the dollar which has basically stymied any inflationary inflation brewing up but the fed's going to have to raise rates and the market knows that. but right now, you know, we're all signs are go for the markets. >> ted, do you think when, not

if, but when they raise rates will stocks fall meaningfully? >> i don't think so. i think that as long as there's good inflation and there's still good growth in the economy then employment situation is pretty healthy, i think stocks -- we may see a setback, i still think that the market still constructive, the economy is constructed for stock prices this go higher. this quarter will be solid and coming up on the fourth quarter which is always an exciting quarter, and you know, we have done well so far so i think the fourth quarter is going to be strong and then going into 2015, i think the growth for 2015 is expected to be double digits for earnings so that should be a good back drop. >> we have been talking about the pickup of volatility which can sometimes i guess denote an eminent change for the direction

of the market. what would you be watching far indicator on something that may happen, the russell 2k, high yield, something in particular giving you the traffic light signal at the moment? >> well, i'm looking at earnings but also there's going to be some divergence in monetary policy. making our decision with our fed to increase rates, i think you're gong to see more volatility. you know, a strong u.s. dollar while it's going to hurt our company's -- u.s. company's exports at the same time it's happening when the europeans probably need more exports so there's no one item that we're watching that's going to be a signal that the rally's over or we're in for tough times. i think everything is pretty constructive overall and there's no one item. >> real pleasure. thank you for coming on. >> thanks. well, a cryptic tweet of

harry potter author jk roweling author is explained and people are seeing dollar signs. we'll explain why coming up. yeah, i'm married. does it matter? you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm? [ jake ] uh... khakis.

she sounds hideous. well she's a guy, so... [ male announcer ] another reason more people stay with state farm. get to a better state. ♪ get to a better state. dave, i'm sorry to interrupt... i gotta take a sick day tomorrow. dads don't take sick days, dads take nyquil. the nighttime, sniffling, sneezing, coughing, aching, fever, best sleep with a cold, medicine. for that moment, where right place meets right time.

and when i find it- i go for it. (announcer) at scottrade, we share your passion for trading. that's why we give you the edge, with innovative charting and trading features, plus powerful mobile apps so you're always connected, wherever you are. because at scottrade, our passion is to power yours. so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. a cryptic tweet from jk roweling had harry potter fans thinking we could be getting a new novel about the young wizard but turns out it was actually just a bit of tease for something completely different. >> harry or no harry, a $25 billion franchise.

jul jul julia, how big is this? >> twitter exploded and then jk roweling explained it was a tease for a screenplay she is writing. a novel she wrote back in 2001. now, it is within the universe of harry potter so this really goes to show there's a lot of excitement still for the harry potter franchise, for that world, that movie that she's writing will come out from warner brothers in november of 2016. so all the excitement is great news for warner brothers, great for scholastic publishing the books and universe which has the harry potter attractions at the theme parks. >> all right. julia, thank you very much. we want the leave it short there far smile on everybody's face as the utah jazz made a little boy's dream some true. jp gibson battling leukemia.

signed him to a one-day contract. charges the basket. gets a little help. >> oh, that is so awesome. >> dunks the billion. >> good for him. >> good for the utah jazz. >> best of luck to the kid. i'm tearing up here. >> beautiful story. >> beautiful. thank you for watching, guys. quite a ride for the markets and continue watching the rally all the way to the close. >> "closing bell" is next. welcome to "the closing bell." i'm kelly e vanls. >> i'm bill griffith. the whiplash today. today a rally, the dow had been up 229 points. much of this rally occurring after the minutes of the fed came out at 2:00 eastern time. >> you got to love it.