again that's coming up in only a matter of minutes time here on cnbc with our own andrew ross sorkin. >>> so folks, are we at a market top? joining us is art hogan, head of product strategy at lazard markets and our own, the street.com columnist herb greenberg. great to have you both with us. dominic chu and john fortt are here to join in the conversation. herb, are we at a market top? >> well, i think we're certainly at a -- you better be careful part of this market. few weeks ago i was writing this was a greater fool's theory market. nothing has changed since then other than more ipos and i think we've had more reason for individuals certainly to think they're missing out on something really good. >> so you think we're at the point where we need to be careful, careful or start pulling out? what do you think? >> it's interesting. we've been at a point where we had to be careful probably, you know, 27 times over the last four years. we always go too far too fast and get concerned about a top. i think a long-term investor needs to step back and say what are my investment time horizons

thank you very, very much. >> all right, elon musk with andrew ross sorkin. once again coming to you live from schwab impact conference on a day the stock market was in the red for much of the day. the dow, of course, closing at record high yesterday. pulled back from that today. let's talk about today's market action. bob doll with mre from nuveen asset management, mike santelli. good to see you. >> hi. >> it certainly slowed down, maria. i think today was a boring sidewise day, slightly sloppy to the downside. we're digesting a lot. like you and me, when we run hard, the market neetsds a rest and i think it's taking that. it's a little worried about tapering. we know that. it continues to legitimately worry about is the economy growing fast enough for forward progress? i think behind some concerns are the u.s. position around the world, germany, saudi arabia, israel, you know, close friends not long ago, where does that stand? there are things bothering the market. look, i'm not stepping back from, i think, the path of least resistance is up, but maybe not

joining us now andrew ross sorkin.ture with that hat on. >> that's so not cool. >> andrew, i dare you. put that hat on and try to get date. not going to happen. >> i'm happily married, thank you. if i tried the hat before that it wouldn't have worked. >> he's happily married he's not trying to get dates. unlike you. >> i'm not married. i can get dates. >> andrew, how was your thanksgiving? >> i'm full is what i'll tell you. day after. a little bit of -- turkey coma. >> we'll smack you out of it tonight. looking forward to seeing you. andrew, where do we stand this black friday? obviously the past five years have been tough for retailers. i always have never done this before but i always every time i go into a retail store or a small business in my home town, how you doing? what's it looking like? it's so bizarre. over the past two or three years, i never know what answer i'm going to get because, you know, i'll ask them three months ago, four months ago, things are turning the corner. then i'll say how was last month?

one other thing i should mention again, dan loeb in an exclusive interview with andrew ross sorkin talked about a number of issues but a surprise disclosure given strength to the market is his fedex long which he disclosed for the first time and he says he's a fan of management led by ceo fred smith. we saw an uptick on that. as well, he's still bullish on japan in general led by the prime minister abe's program and sony in particular a stock he's had trouble with in terms of his activist efforts, but at the same time he the thinks it's a longer game and the company is embracing some of his ideas including a push for greater accountability. >> all right. kate, thank you very much. kate kelly reporting from the deal book conference in new york city. holiday central. walmart turning up the heat on black friday shopping. the biggest retailer joining the growing race to open early on thanksgiving. courtney reagan here with the details a little bit of a change for walmart. >> it is a change, but really hard to be surprised. once one retailer starts they all follow. the christmas creep begins b

i'm becky quick along with joe kernen and andrew ross sorkin. kate kelly will join us from outside jpmorgan's headquarters with more on the story in just a moment. but first, we're going to start things out with the markets this morning. stocks retreating from record highs yesterday on bearish talkes from carl icahn. the activist investor said he had cautious on equities. he was speaking at a conference where he said he could see a big drop in stocks because earnings at many companies are driven more by low borrowing costs rather than strong management. the dow and the s&p 500 are both on track for their best year in a decade. the major indexes have soared by more than 140% since bottoming out over a year ago. in his third quarter letter to investors, jeremy grantham suggests we could see stocks explode higher than sink into a bear market. he wroes, my guest is that the u.s. market, especially the nonblue chips will work its way higher perhaps by 20% to 30% in the next year or more likely over two years with the rest of the world including emerg

andrew ross sorkin will be joining us in the next hour.today, andrew will kick off the headliner with barely diller. catch it right here on "squawk box." our guest host this morning on 11-12-13, dennis gartman pointed out that it's 2:15 today in military time it will be 11-12-1314:15.16. first, let's get you up to speed on the morning's headlines. an experimental glaxosmithkline hard drug has missed its main goal in a major clinical late stage study. it was designed to prevent heart attacks and strokes in a completely different way from cholesterol lowering drugs by

andrew ross sorkin will be joining us in the next hour. coming up around 8:00 eastern time today, andrew will kick off the headliner with barely diller. catch it right here on "squawk box." our guest host this morning on 11-12-13, dennis gartman pointed out that it's 2:15 today in military time it will be 11-12-1314:15.16. first, let's get you up to speed on the morning's headlines. an experimental glaxosmithkline hard drug has missed its main goal in a major clinical late stage study. it was designed to prevent heart attacks and strokes in a completely different way from cholesterol lowering drugs by targeting an enzyme. >>> the latest legal battle between amppple and samsung begs today. a federal jury awarded apple about $1 billion earlier this year, but the judge tossed out $400 million in damages and ordered a new jury to recalculate damages for 13 samsung products that have been found to be infringing apple's patent. >>> in other technology news, "the wall street journal" reports that google's motorola unit is expected to unveil a low

i'm joe kernen along with becky quick and andrew ross sorkin. making headlines this morning, the bank of japan is keeping monetary policy steady today. the boj maintaining its view that the economy is recovering moderately. policy members are hopeful that the continued strength in the domestic demand will offset head whipped from soft overseas growth. hopefully you didn't see the carbon emission news coming out of japan, andrew, abandoning targets because of the economy. also australia just trying to repeal the entire carbon tax. a couple of setbacks. unless you like south carolina weather. which i happen to like. but anyway -- >> it's a little warm. also, a little bit of washington weather, too. the obama administration warning the government would likely begin defaulting on its obligations within a month of february 7th if congress did not raise the cap on government borrowing by then. becky. >>> a u.s. congressional panel has approved a bill targeting patent control. that's a company that buys licenses or patents from others and files infring

i'm becky quick along with joe kernen and andrew ross sorkin.ase figures for september. speaking to cnbc asia earlier today, treasury secretary jack lew sounded optimistic. >> we obviously went through a period of economic difficulty. but what we learned is it did get to the 11th hour. but in the 11th hour, there was a broad bipartisan consensus in the united states to be where

i'm becky quick along with joe kernen and andrew ross sorkin. we're going to start things out with the markets this morning. we know that the dow and the s&p have been posting record numbers. but yesterday, it was the nasdaq stealing the show. the tech heavy index rising above 4,000 for the first time in 13 years before failing to close at that level. u.s. equity futures at this hour at least. if you want to take a look, you'll see that right now you see some modest advances. right. the dow futures are up by about 1 1.5 points above fair value. s&p futures up by 1.5 points. joe mentioned there are a few tests for the markets today, so why don't we take a look at the calendar on the economic side. we'll get the s&p case-shiller index-home prices for september at 9:00 eastern time. later, the consumer confidence number is released for september. we were originally speccing housing starts at 8:30 eastern today. permits will hit the tape, but the government is delaying the starts and completions again. they are still blaming the shutdown for this. t

i'm becky quick along with joe kernen and andrew ross sorkin. and we are looking forward to spending some time with charles plosser this morning. that conversation will begin at 7:00 eastern time. first, though, let's get you up to speed on the morning's top stories. joe mentioned the markets and the bullish run we've had. the s&p closed at a record high seven times during the month of october. ending the month by about 4.5% up. if you look at the october 9th lows through yesterday's close, the u.s. markets are up almost 6% or greater. and with just two months left in 2013, check out the year-to-date returns. the dow is up almost 19%. the transports up by 31%. the s&p up more 23% and the nasdaq about 30%. pretty phenomenal year-to-date. if you take a look at the futures this morning, you're going to see some green arrows once again. dow futures up by 30 points. s&p up by just under 2 points. in global market headlines, china's manufacturing sector strengthened further. mixed signals in important areas, including export orders suggest that any re

i'm becky quick along with joe kernan and andrew ross sorkin.een watching the futures this morning and after the market closed yesterday, the dow was at another high. you can see this morning the futures are indicated slightly weaker. dow futures down by about 16 points, s&p down by three. in our headlines this morning, twitter's initial public offering grabbing the wall street spotlight, the stock will begin trading at $26 a share, that was above the expected range which had been $23 to $25. julia boorstin spoke about the company's strategy ahead of the ipo. >> i think that our strategy approach in the ipo has been based on me and our investors, frankly, having a number of conversations with other ceos and investors around silicon valley. one of the great things about silicon valley is irrespective of how competitive you might be with another company or how closely you might be working with that company, there's a great sort of give and take in comradery between some of the executives in the valley and some of the other investors in the valley.

i'm andrew ross sorkin along with becky quick.but brian sullivan joining us at the table this morning. take a look at futures to see how things are setting up this monday morning. we do have green arrows, dow looks like it opens up about 55 points higher. s&p 500 up close to five points, as well. let's get you through the morning headlines. oil prices are falling on news of a weekend nuclear deal with iran. the deal limits iran's nuclear activity for -- activity in return for relief against sanctions and we'll have more on that big story in a moment. >>> also boeing warning that airlines operating the dreamliner and the newest version of the 747 jet to avoid high altitude thunderstorms. the issue is this, there are general -- it's general electric engines can experience icing problems under certain conditions. and there have been six issues, apparently, involving this problem, though all the jets in question did land safely. ge says a fix has been developed. a power retailer jones group is in advanced talks with sycamore partners.

i'm becky quick along with joe kernen and andrew ross sorkin.g forward to spending some time with charles plosser this morning. that conversation will begin at 7:00 eastern time. first, though, let's get you up to speed on the morning's top stories. joe mentioned the markets and the bullish run we've had. the s&p closed at a record high seven times during the month of october. ending the month by about 4.5% up. if you look at the october 9th lows through yesterday's close, the u.s. markets are up almost 6% or greater. and with just two months left in 2013, check out the year-to-date returns. the dow is up almost 19%. the transports up by 31%. the s&p up more 23% and the nasdaq about 30%. pretty phenomenal year-to-date. if you take a look at the futures this morning, you're going to see some green arrows once again. dow futures up by

. >> for everybody's reading g to new york times online and read andrew ross sorkin's article on bitcoinught you were going to go read about the dutch tulip craze. >> read that, too. but read ross' thoughtful bit on bitcoin. heading to the close. 14 minutes left in the trading session with dow up 30 points. we're watching the nasdaq. it looks like it's going to close above 4,000 for the first time since september of 2000. >> waiting for your return, as you say. almost feels like happy days here again for the nasdaq. question is, are they too happy? is there signs of froth in the market? talk of another bubble? it looks like today is the day, as bill said, will close above 4,000. >>> after the bell, new jersey no longer hedging its bets. it's going all in on online gaming. we'll see if any gaming stocks are worth gambling on. i'm a careful investor. when you do what i do, you think about risk. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the long haul. ishares minimum volatility etfs. investments designed for a smoother ride. fin

. >> tesla's elon musk making interesting comments to andrew ross sorkin yesterday.ake a listen. >> if i would have another company in the future, which i would not be any time soon, the -- i think that would be a thing to do, is to do an electric aircraft. >> you want to do an electric aircraft? >> yeah. supersonic and vertical takeoff and landing work well with electric. >> very interesting concept here. i wouldn't bet against him in many ways. he's had such amazing breakthroughs. he's one of the most interesting men in the world if that guy on the ad isn't. bob pisani, what do you think? electric plane a good idea? >> look, being able to take off and land without a long runway vertically that's been one of the goals of aviation for 100 years essentially. i think the problem is, the guy has his hands full. with space x he's working on, working on private flights to mars, also that little thing called tesla and he was also talking about the hyper loop yesterday. i think he had hwants to promot between los angeles and san francisco, but i think his hands are full rig

he mentioned that to andrew ross sorkin, and we've seen the stocks at intraday highs, coming off that now. but based on what he said, the bullish sentiment, obviously a lot of investor enthusiasm. let's listen to directly to what loeb said about fedex. >> we had a very constructive discussion about the company, and we had some ideas, we shared them. he disabused us of some of our notion, life goes on. it's a normal part of the process. >> are you an owner in fedex? >> we are. >> and you like the stock? >> i do. >> you like fred? >> i do. >> you won't be trying to oust him? >> no, absolutely not. >> you can hear andrew asking the sort of $64 million question, are you going to try to oust fred smith, because even when dan loeb likes a stock, he often goes after the ceo or the management team. he's indicating he's not doing that here, saying he met with smith recently. one interesting trade on the longside. >> yeah, fred smith very well respected ceo, kate. that was interesting in and of itself. herbalife, even comments from dan loeb regarding herbalife and bill ackman a bit. >> we did.

>> we're excited because andrew ross sorkin is sitting down for an extremely rare interview with dannager of third point. a true multistrategy fund, not only do long and short stock investing they also do structured products, macro bets, all sorts of things. they go active. we'll be taking that live. other key players who are going to be there tomorrow and i'll be bringing you highlights throughout the day, tesla's elon musk, barry diller, ray dalo from bridgewater associates. a lot of interesting color. >> interesting lineup. thank you very much. we'll be looking for it tomorrow. back to you, sue. >> thanks, ty. all right. flipping we know has been big in real estate but now it's popular in private jets. wealth editor robert frank is following the money as always, hey robert. >> billionaires are going crazy for the latest gulf stream jet, some paying $6 million above the retail price just to get one. we'll tell you who's buying, who's selling and why. coming up after the break. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... t

i'm becky quick along with andrew ross sorkin and steve liesman in for joe.ay off after eating lots of turkey like the rest of us yesterday. joining us to talk video games and technology, we have the ceo of activision and, bobby, welcome, great to have you here today. >> thanks for having me, beck. >> you are the big man on campus. we'll talk about it. we also have dana telsy also here for today's big black friday show. so thanks to both of them for being here. we'll have more from them in a moment. we've been watching the futures this morning. believe it or not, you are going to see some trading today. it's a holiday shortened trading day, but the dow futures are up above fair value. nasdaq by another 13 points after the run it's been on. and the s&p 500 up by just over two points this morning. a big month for stocks. gains of better than 2% for all of the major indices. and if you're looking to do some investing today, here's what you need to know about the trading hours. the nyse will close at 1:00 eastern time. the nymex at 12:30 eastern time. oil trading

i'm andrew ross sorkin along with joe kernan and becky quick.utures are setting themselves up. dow looks like it would open up about 53 points higher. the nasdaq a little over a point. let's get you through some of the morning headlines this morning. jpmorgan chase reached a $4.5 billion settlement. 21 institutional investors. this is the late nest the legal settlements for the bank. issue bank. jpmorgan bought bear stearns in march of 2008 in one of the key events of the financial crisis era. also a bit of news that sort of he said/she said. apple either did or did not buy the company behind the so-called connect technology that's in microsoft's xbox. an israeli financial newspaper reported over the weekend that apple bought what's called prime sense for $345 million. but prime sense now is telling business insider that the story wasn't true and we will try to get to the bottom of this. also, the new york stock exchange and nasdaq, they're apparently close to an agreement to back up each other's data streams. this would be a little bit more coo

i'm becky quick along with joe kernen and andrew ross sorkin. we have a developing story out of new jersey this morning. a suspected gunman was found dead a couple of hours ago after at least six shots were fired at the garden state plaza mall in new jersey. the gunman fired at least six rounds after entering the complex at around 9:20 eastern time last night. thousands of shoppers fled, but no injuries were reported. scott cohen is on the scene and will bring us the latest in just a few memberships. >>> but first, let's get to some of the morning's top business headlines. china's central banks says it will maintain policy settings to ward off inflationary risks and keep the economy on an even keel. preventing systemic risks in the economy. it's a fine line to walk, but that is what the central bank is saying there today. speaking of china, growth in the country's services industry edged up in october. a private survey suggesting there are further indications that the economy has stabilized. and australia's central bank announcing it's keeping i

i'm becky quick along with andrew ross sorkin. with us this morning, we have gary kaminski. welcome back, gary. >> oh, yeah, that guy. >> unbelievable! memories, memories. great to be here, guys. ♪ memories >> now the vice-chairman at morgan stanley. we love having you here. >> good to be here, thank you. >> we'll get to gary in a moment. >>> but first, a look at the markets. >> the futures this morning are indicated slightly higher for both the dow and s&p. the s&p up by about 2.5% above fair value, and part of this may be coming from testimony from janet yellen, one of the top headlines this morning. she'll be testifying before -- there's a confirmation hearing that's not until later this morning, but the testimony released yesterday did help drive the market rally overseas. yellen says the fed has more work to do to help the economy and the labor market. that's taken to mean there's no quick end to the bond buying program. we'll have more in a moment. >>> also, morgan stanley's ceo james gorman is planning for the eventual end

thank you. [ applause ] >> and that is dan loeb of third point with our andrew ross sorkin at the deal with kind words with bill ackman, saying his relationship with sony is good, he'd like to meet george clooney, but maybe the news of the interview, i guys, might be the comments on fedex, it's a long position. he has met with frederick smith of fedex, but the stock up 2% intraday on the comments. >> i've been hearing fedex in the chatter, the activist community, some question as to whether there might be -- you know, it's funny, if you recall when we didn't know who ackman was coming after -- fedex was one of the names that rose when we finally found out, or we told you it was the products -- that name continues to be around. there's some that look at their strategies in terms of how they pay for their plane, lease them. it's interesting he's poked around there. he has a position, but doesn't have any, apparently, wish to be a -- >> and mccowan is up 44%. >> yeah, and valuation. it's not because they're concerned -- it would suggest the shares are overvalued relative to how the busine

i'm becky quick along with joe kernen and andrew ross sorkin.re is only one place to begin this morning's conversation. that is with the markets. the dow turning positive for the week yesterday, posting a triple-digit gain and closing above 16,000 for the first time. financials leading the way for the s&p as the index halted its longest running streak -- losing streak in two months. of course, this is three days that were down and i think gained back everything it had lost over the last three days just yesterday. as for that so-called fear gauge, the vix dropped below 13. with only a little more than a month left in 2013, why don't we look at this year's returns? the dow is up more than 22% at this point. the s&p is up nearly 26%. and the nasdaq is up by nearly 31%. by the way, if those numbers aren't big enough for you, check out how far stocks have come from their march 2009 lows. the dow over that time period gaining nearly 145%, the s&p 165%, and the nasdaq nearly 213%. yeah. march 2009 lows, what a long way we've come. as you take a look at

i'm becky quick here with joe kerr nanne and andrew ross sorkin.erritory. dow futures up by 34 points. it's an odd number there. normally you would see more coordination. we'll keep an eye on it as we get closer to the opening. in the headlines, several deals in the news as we open a new week. rare disease treatment specialist viro pharma is being purchased by shire for $4.2 billion in cash. it is bought at a premium. switzerland's novardis is selling the blood transfusion testing unit for $1.7 billion. they have been reviewing which businesses to keep and said it will sell units that are not among the market leaders. also trans ocean struck a deal with carl icahn. they will pay a $3 a share dividend and cut the number of directors. icahn has been pressuring for a higher payout of $4 a share. >> the world is responding to a cry for help from the philippines after the typhoon may have killed as many as 10,000. angus walker filed this report overnight from tacloban, philippines. >> reporter: this amateur video obtained by abscbn shows the moment of i

i'm becky quick along with joe kernen and andrew ross sorkin.will join us from outside jpmorgan's headquarters with more on the story in just a moment. but first, we're going to start things out with the markets this morning. stocks retreating from record highs yesterday on bearish talkes from carl icahn. the activist investor said he had cautious on equities. he was speaking at a conference where he said he could see a big drop in stocks because earnings at many companies are driven more by low borrowing costs rather than strong management. the dow and the s&p 500 are both on track for their best year in a decade. the major indexes have soared by more than 140% since bottoming out over a year ago. in his third quarter letter to investors, jeremy grantham suggests we could see stocks explode higher than sink into a bear market. he

i'm becky quick along with joe kernen and andrew ross sorkin.. a suspected gunman was found dead a couple of hours ago after at least six shots were fired at the garden state plaza mall in new jersey. the gunman fired at least six rounds after entering the complex at around 9:20 eastern time last night. thousands of shoppers fled, but no injuries were reported. scott cohen is on the scene and will bring us the latest in just a few memberships. >>> but first, let's get to some of the morning's top business headlines. china's central banks says it will maintain policy settings to ward off inflationary risks and keep the economy on an even keel. preventing systemic

i'm becky quick along with joe kernen and andrew ross sorkin.ned, the economic agenda is packed today. we have a lot of things that are going on. so let's start with the markets. the s&p is coming off of its first back to back losses of the month. the futures this morning indicated down by just by a little bit. dow futures town by 12 points. nasdaq is down by just about 4.5. on our calendar today at 8:30 eastern time, we get october's consumer price index and the retail sales number pes.both the headline numbers are seen unchanged. coming up at 10:00, we have business inventory and existing home sales. sales are forecast to decline by a little more than 2%. this is important because obviously the fed is watching every number that comes out right now. fast forward to this afternoon and the fed will be in focus. to get the minutes from last month's fomc meeting, they are set to be released at 2:00 p.m. eastern time. speaking in washington, ben bern

i'm becky quick along with joe kernen and andrew ross sorkin. he's here. it. >> wow. >> he was stuck on the gw bridge. he made it. i'm impressed. go like this with your hair. you did good. >> thank you. how are you? >> i'm amazed. >> let's see how it's done. >> this is how it's done. >> very nice. >> what about the hair? >> what do you want to do about the hair? >> did they close the bridge? >> they didn't close the bridge. these closed off two entrances to the bridge. >> look at this team of people.

i'm becky quick along with joe kernen and andrew ross sorkin.top corporate story today as joe was just talking about. that stock was under severe pressure after the bell yesterday. you can see right now it's down by more than 10%. this came as a huge shock to analysts that sales could drop by as much as 10%. they were looking for a gain in sales this time around. jon fortt is going to join us with more of his conversation with ceo game chambers in a moment. janet yellen will appear before the senate banking committee this morning. she can expected to defend the central bank's aggressive monetary easing. she'll say, i believe supporting the recovery today is the shortest path toet

i'm becky quick along with andrew ross sorkin and brian who is in for joe kearnen. take a look you'll see wti is down by 1.r5%. that's a drop of 1.37 to 93.47. checking out what happened with brent, that's a big drop. down by 3.8%. brent down by about $2.90 the last time i looked at it. we'll continue to take a look at that. it looks like it's down by $2. 109.05. not everyone is cheering. there is skepticism in washington. nbc's tracie potts reports from capitol hill. >> the burden is on iran to prove to the world that its nuclear program will be exclusively for peaceful purposes. >> reporter: the agreement calls on iran to stop building a nuclear reactor and reduce its stockpile of

i'm becky quick along with andrew ross sorkin and steve liesman, who is in for joe kernen today. is enjoying a day off. our top story today, of course, it's retail. so we are lucky enough to have our industry expert dana telsey here this morning. >> thank you. thank you for having me. >> have you slept? >> i don't believe in sleeping, not when the stores are open. >> that's what we figured. we'll talk more to dana in just a moment. at least a dozen retail chains opened their stores yesterday. it did make for some big thanksgiving day sales. overall, the national retail federation expects sales to be up by 3.9% during the last two months of the year. that is higher than last year's 3.5% growth. but it's below the 6% rates that we saw just before the

i'm becky quick along with joe kernen and andrew ross sorkin.omic report, we get leading indicators at 10:00 eastern time. we heard from toyota overnight. sales rising by 70%. toyota is now raising its full year profit forecasts and its north american auto sales forecast for this year and next year. >>> we have time warner and the ralph lauren before the bell. this afternoon, we have qualcomm, activision, whole foods and cbs. it has been a

i'm barack obama along with joe kernen and andrew ross sorkin. we do have a big morning ahead. work. twitter pricing its ipo above the expected range ott of $25 23 to $25 with an offer of 7/0 million shares of $26 apiece, the company will raise at least $1.8 billion. julia boorstin sat down with twitter's ceo. she'll join us with is that conversation in just a minute. but first, the rest of this morning's agenda, there are a number of key economic stories to watch. the european central bank is meeting in frankfurt. policymakers are expected to hold rates steady despite intense pressure to cut interest rates because of

i'm becky quick along with joe kernen and andrew ross sorkin.sues facing corporate newark right now. this morning, we'll be joined by the ceo of insurance provider unum, waste management's ceo david steiner. we have kimberly clark's tim falk and we'll cap off our ceo summit with fred smith from fedex. the more records from wall street as janet yellen says the central bank's current policies will continue. >> we expect to maintain a highly accommodative monetary policy for some time to come thereafter. and the message that we want to send is

i'm becky quick along with joe kernen and andrew ross sorkin.h the markets this morning. we know that the dow and the s&p have been posting record numbers. but yesterday, it was the nasdaq stealing the show. the tech heavy index rising above 4,000 for the first time in 13 years before failing to close at that level. u.s. equity futures at this hour at least. if you want to take a look, you'll see that right now you see some modest advances. right. the dow futures are up by about 1 1.5 points above fair value. s&p futures up by 1.5 points. joe mentioned there are a few tests for the markets today, so why don't we take a look at the calendar on the economic side. we'll get the s&p case-shiller index-home prices for september

i'm becky quick along with joe kernen and andrew ross sorkin.ly one place to begin this morning's conversation. that is with the markets. the dow turning positive for the week yesterday, posting a triple-digit gain and closing above 16,000 for the first time. financials leading the way for the s&p as the index halted its longest running streak -- losing streak in two months. of course, this is three days that were down and i think gained back everything it had lost over the last three days just yesterday. as for that so-called fear gauge, the vix dropped below 13. with only a little more than a month left in 2013, why don't we look at this year's returns? the dow is up more than 22% at this point. the s&p is up nearly

i'm becky quick along with joe kernen and andrew ross sorkin. and as joe mentioned, the economic agenda is packed today. we have a lot of things that are going on. so let's start with the markets. the s&p is coming off of its first back to back losses of the month. the futures this morning indicated down by just by a little bit. dow futures town by 12 points. nasdaq is down by just about 4.5. on our calendar today at 8:30 eastern time, we get october's consumer price index and the retail sales number pes.both the headline numbers are seen unchanged. coming up at 10:00, we have business inventory and existing home sales. sales are forecast to decline by a little more than 2%. this is important because obviously the fed is watching every number that comes out right now. fast forward to this afternoon and the fed will be in focus. to get the minutes from last month's fomc meeting, they are set to be released at 2:00 p.m. eastern time. speaking in washington, ben bernanke said the central bank will be maintaining its ultra easing monetary policy for

i'm becky quick along with joe kernen and andrew ross sorkin. the treasury department will release figures for september. speaking to cnbc asia earlier today, treasury secretary jack lew sounded optimistic. >> we obviously went through a period of economic difficulty. but what we learned is it did get to the 11th hour. but in the 11th hour, there was a broad bipartisan consensus in the united states to be where the united states has always been, that we stand by our obligations and the full faith and credit of the united states cannot be called into question. >> among the catalyst, there was expectation that the fed could taper sooner than expected. today, andre pinalto will speak at 8:45. fed chairman ben bernanke will appear tonight at 7:00 p.m. the treasury auction of $43 billion in ten-year notes could be a key thing to watch for the markets today. if you take a look, the yield on the ten-year, 2.76%. it has picked up steadily since friday's jobs reports. but that treasury auction is set for 1:00 p.m. we're watching oil prices and api will b

i'm becky quick along with joe kernen and andrew ross sorkin. we'll be looking at huge issues facing corporate newark right now. this morning, we'll be joined by the ceo of insurance provider unum, waste management's ceo david steiner. we have kimberly clark's tim falk and we'll cap off our ceo summit with fred smith from fedex. the more records from wall street as janet yellen says the central bank's current policies will continue. >> we expect to maintain a highly accommodative monetary policy for some time to come thereafter. and the message that we want to send is that we will do what is in our power to assure a robust recovery in the context of price stability. >> after hearing all of that, the dow actually adding more than 50 points yesterday to close at 15,876. the s&p 500 up another eight points to finish at 1790. so it's right within striking distance of 1800. and if you look at the futures this morning, you're going to see right now there are some additional green arrows. dow futures looking to open by about 26 points, s&p futures up b

i'm becky quick along with joe kernen and andrew ross sorkin. on today's agenda, we have key economic report, we get leading indicators at 10:00 eastern time. we heard from toyota overnight. sales rising by 70%. toyota is now raising its full year profit forecasts and its north american auto sales forecast for this year and next year. >>> we have time warner and the ralph lauren before the bell. this afternoon, we have qualcomm, activision, whole foods and cbs. it has been a busy week in the ipo market and tonight is expected to be the cornerstone. twitter is expected to price its ipo in the range of $23 to $25 a share. the company plan toes sell 70 million shares. this offering represents about 13% of the company and it values it at as much as $13.6 billion. we're going to talk more about expectations with the money manager in just a few minutes. but andrew, i'll send it over to you. >> thank you, becky. we have a little couple of notable after the bell movers this morning. tesla posting better-than-expected earnings, but the electric carmaker

i'm becky quick along with joe kernen and andrew ross sorkin. he's here. he made it. >> wow. >> he was stuck on the gw bridge. he made it. i'm impressed. go like this with your hair. you did good. >> thank you. how are you? >> i'm amazed. >> let's see how it's done. >> this is how it's done. >> very nice. >> what about the hair? >> what do you want to do about the hair? >> did they close the bridge? >> they didn't close the bridge. these closed off two entrances to the bridge. >> look at this team of people. >> don't worry, they did this to me one time. >> this is lovely. >> these people are going to come out and they're going to go, clear! did you finally go around? you went through the lincoln tunnel? >> no, we didn't. we went around the whole round about. >> you had to come across the bridge, though. >> we came across the bridge, yes. >> finally came across the gw. >> yes. >> in 20 years, we've never done this, i don't think. >> wow, you look good. >> this is really good. >> amazing. >> andrew probably -- how about the news except there was a big storm

. >> yeah, andrew ross sorkin makes the argument it isn't really a currency per se because the peopleting it more and more are immediately converting it into dollars. it seems to be a way to avoid transaction fees, cut out some folks when you're doing business in a digital world. is this good marketing for bitcoin the fact that it's up so high here or what? >> i think we're going to be talking a lot more about that in the course of the next two hours. coming up, turning black friday into green for your portfolio. we'll explain retail winners and losers. and later meet the ceo of a web site that the "new york times" calls an orgy of visual pleasure. stick around and find out. [ male announcer ] this december, experience the gift of true artistry and some of the best offers of the year at the lexus december to remember sales event. this is the pursuit of perfection. tdd#: 1-800-345-2550r life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn insp

this is what elon musk said at the deal book contract just last week when andrew ross sorkin asked himall. >> there's definitely not going to be a recall. there's no -- >> reporter: so the model s investigation, what happens now? there is no time frame for a decision. in order, it's an open ended investigation. the nhtsa team will be working with tesla. this does not guarantee a recall. there have been investigation business nhtsa in the past that has not led to recalls. often there is a recall. we just don't know. the shares of tesla since october 1st down more than 30%, though we should point out the stock is up about 3% today. the bottom line is this -- this investigation does not guarantee that there is going to be a recall but it is moving the process much more serious forward in terms of looking into what went wrong with these two model ss that caught on fire. guys, back to you. >> an important issue, phil. we should mention the shares are now up better than 4% as investors continue to digest all of that. and later in the hour phil will talk to audi of america's president, who is

i'm joe kernan along andrew ross sorkin. becky quick is at the baron investment conference.of -- >> or the barons, robert barons, which we have again currently on wall street. we are counting up to the 8:30 a.m., some people do and the october jobs report. it was delayed by the government shutdown. there's our clock. you can see it, 8:30, expect the shutdown to take a toll this month on the employment numbers. in fact, it could be the worst of the year predictinging october nonfarm at 120,000. you could see a tick up of .2%. could be re -- our panel of experts in a minute. but whenever you're going further away from the numbers the fed needs. >> yep. >> to exit. >> just means. >> the policy, it's -- >> that's what you do, right? >> yeah, you main line some more. >> i think you have to. >> it's not a good thing. >> you don't want to give back gains you've made. people are worried about that number anyway. whether it's the real number to use for the unemployment situation with all the part-timers and much higher levels. >>> we've got a couple stories we've got to bring you, as

i'm becky quick along with joe kernan and andrew ross sorkin and steve liesman.tures this morning. right now, dow futures up by about 26 points above fair value, s&p futures up by 2 1/2. and in our headlines this morning, we are expecting a settlement to be announced today between the government and s.a.c. capital. the settlement would be worth $1.8 billion when you include that $616 million fine that the firm has already paid. s.a.c. would also plead guilty to one count of securities fraud. and twitter is facing a dose of skepticism ahead of the ipo later this week. that's according to the cnbc associated press poll. 47% say buying twitter stock would not be a good investment. 36% take a positive view. >>> and california home builder tripoint homes is merging with warehousers home building position. the deal is worth $2.7 billion. and tripoint would become one of the top 20 u.s. home builders as a result of that deal. barry sternlicht will be here tomorrow starting at 7:00 a.m. on "squawk." >>> and a number of events of note this week. tomorrow, we're getting th

i'm becky quick along with joe concern nin and andrew ross s e sork sorkin. u.s. help with relief efforts. a major mission is expected in the coming days. >> it's a whole government approach. the embassy's asked for not just military, u.s.a. i.d. is here, international relief agencies are here. obviously the military has logistics capabilities that are unique.