. >>> first, though, let's get to bill griffith with a look at the stories making headlines th week, bill? >>> thanks maria, here are stories making news as we head into a new week on wall street of the it is summertime, but will the living be easy? central bankers from arnd the world are meeting in jackson hole, wyoming, they're waiting %o hear whether or not federal during his speech, he said he would not rule out fed would act to predict growth as needed. it was a slow week for the markets, untiltly up, showing a annualized growth rate of 7.1%'s not enough to meaningfully lower the unemployment rate the case price index shows that prices rose in june from the artly link of more than 90% of the oil production in the gulf was shut down because of hurricane isaac. and of course,e are in the peak driving season. so what is more important than the economic summit in jackson hole? who is there, or who is not? joining us, david wessel, author of the new book "red ink" inside the high stakes politics of the federal budget. david, thank you for joining us. >> a pleasure. >> let's start with

. >>> first, though, let's get to bill griffith with a look at the stories making headlines this week? >>> thanks maria, here are stories making news as we head into a new week on wall street . it is summertime, will the living be easy? central bankers from around the world are meeting in jackson hole, wyoming, they're waiting to hear whether or not federal chairman ben bernanke will signal any new moves to help boost america's economy. during his speech, he said he would not rule out further use of nontraditional policies and the fed would act to produce growth as needed. it was a slow week for the markets, until we got to thursday, when the dow fell below 13,000, during the session, touching the lowest low in four weeks. the markets rebounded on friday. the gross domestic product was slightly up, showing an annu annualized growth rate of 7.1%, not enough to meaningful lower the unemployment rate. the case price index shows that prices rose in june from the same period a year ago, the first year-over-year increase since the summer of 2010. gasoline prices are also on the rise, hittin

. >> and i'm bill griffith. stocks not able to pick up any steam on the heals of yesterday's big rally. the u.s. creating huer jobs than anticipated. not just in august, but june and july were revieszed downward as well. stocks could be worse off if these weak numbers didn't make wall street more convinced that the fed would move with a monetary stimulus to revive the economy in some way. >> here is where we stand, the dow jones is lower by 9.5 points. the nasdaq is still -- i spoke too soon, it had been slightly positive -- >> give it another couple minutes. >> 3134, the s&p is still in positive territory. >> it's like the weather in hawaii, you don't like it now? just wait it will get better. a bailout may be a fore gone conclusion, but is this likely to happen because our economy is not better -- >> we have steve leisman and rick santelli. the jobs report was not pretty, are we still maintaining the levels that we've got because of hopes of the central bank acting next week. >> yeah, i think it's a global liq

. >>> i'm bill griffith. coming up at the top of the hour, fed-ex cuts the earnings outlook.s that a major red plag for our own economy and the holiday shopping season? we'll look at that coming up. >>> plus, the architect of the merger that creates jpmorgan chase. why all the anger toward wall street is misguided. >>> and then the driving force behind the kardashian empire. kim car car yann will be here at the new york stock exchange talking about the big invest independent a publicly traded celebrity licensing company. we look forward to seeing you at the top of the hour from the big board. we'll see you then. brian? >> thank you very much. >>> motorola taking the wraps off the latest mobile phones. jon fortt with the breaking details. jon? >> reporter: three phones, brian. three phones. the razor hd and max and razor m. all lte and running on verizon. google trying to differentiate these in a couple of ways. one, battery life. the longest battery life is 21 hours of talk time. dennis woodside who heads up motorola for google put this up against the iphone hs saying to get

. >>> i'm bill griffith. coming up on "closing bell" should you buy in to the big rally today? talk with investing legend jack bogle. you won't want to miss what he thinks about this rally. google's chief business officer with us today. we'll talk about everything from the possible patent battle with ap toll the new tablet and answer to iphone 5. amazon is seeing a sales spike in california ready to begin collecting sales tax there. will that new tax take a bite out of amazon's bottom line as they're introducing new fire and new kindle. we'll look at that coming up. michele is here to explain the abcs of the ecb seeing you at the top of the hour. brian? >> thank you very much. >>> very quickly, folks, i might be right about the amazon blimp. look at that. a giant curtain over a giant building looks set to drop. new video. julia boorstin's head popping up in to the picture. more when they drop that curtain. hey, you never know. >>> all right. you can toss your phone charg chargers, folks. researchers at wake forest university have new technology to turn your body heat in to powe

. >>> i'm bill griffith.the top of the hour, yes, another month, another disappointing jobs report. can either presidential candidate really fix the employment problem? we look at that. >>> plus, targeting gun stocks today. firearm makers red hot and history suggests they may be ready to crash down to earth. we'll look at that story, as well. the first fuel weekend of football set to kick off. you'll pay more to host a tailgate party this week thanks to the historic drought. those and other happy details at the top of the hour. michele is here with me here at new york stock exchange. mandy, have a good weekend. >> you, too, bill. >>> file this under "why bother?" men can reap the heart benefits of wine with the nonalcoholic kind. it's like chocolate without the sugar. a study of 10 ounces of red wine, nonalcoholic wine origin a day. they found no significant affect of either red wine origin but drinking nonalcoholic wine, it actually lowered the risk of heart disease by 14%. the risk for stroke went down 20%.

. >>> i'm bill griffith. coming up on "closing bell" third quarter wrapping up.ow should you prepare for the next three months in if history holds true, q 4 is usually good for investors but a lot of wild cards this time around. we'll talk investment strategy. very important segment coming up. >>> earlier this week one analyst on closing bell said he expected rim to fall to $5 a share. that stock was at 6 then. it's now at $8 after the surprising earnings. we have him back now to see if he's changed his mind or if he this that rim shares are still poised for a big decline ahead. all ahead on "closing bell." we'll see you then, mandy, at the top of the hour. >>> who says republicans have gender problems? there is one group of women, it turns out, who actually love mitt romney. our robert frank is here to tell us why. >> they do in fact. in fact, among some women romney has the lead. those women? wealthy women. new poll from the american affluent center looksed at households with a net worth of more than $800,000. half the women in the poll planned to vote for romn

i'm scott wapner in today for bill griffith. don't blink. today is quadruple witching friday n.simple terms it means it could be a volatile hour for the stock market. lately it's meant a higher close by the end of the day and we'll, of course, be all over that. we're following this developing story here out of the romney campaign. his 2011 taxes being released at this moment. our john horwood first broke the story on the headline numbers over an hour ago and is digging through the entire return. more on this story as we get the info throughout the program. there is a lot going to go through, though, and no one will break it down better than harwood so we'll get to john coming up later on in the program. >>> an unusually large rebalance happening at the close today. it will mean a handful of stocks will see higher than usual volume and price swings, so we're going to be following that as well. the dow jones industrial average right now ahead of that. up just a fraction. about six points higher on the industrial average. as you can see, we're