>> well, it seems like ben bernanke has got some kind of agenda. he certainly a lot more hawkish than i would expect. i think what he has also done though is keeping his options open. every time he mentions tapering he mentions it's going to be driven by the economic can data which is pretty weak. we have rising taxes, rising interest rates. we've got a number of headwinds that will make it very hard for the fed to taper at the end of this year. >> i'm curious if you think the fed may have rose yer classes on than perhaps back in march given the state of their outlook for the labor market when not much has changed. >> some of the fine tuning of

had to bit to say how long ben bernanke may stay on as head of the central bank. >> i think ben bernanke has done on outstanding job. ben bernanke is like the head of the fbi where he's already stayed a lot longer than he wanted or supported to. >> remarks were interpreted by some as a suttle indication that the president may be readily to let bernanke walk. he has been there since february of 2006 and reappointed in 2010 and the next term ends on january 31st of next year. >>> the new york stock exchange in the spotlight not because traders were on fed watch but word it was a target of a terror float. an official said at a house hearing the nsa's controversial spying program at one time helped stop a plan to bomb the nyse. >> nsa utilizing was monitoring a known extremist in yemen. this individual was in contact with an individual in the united states named khalid. he and other individuals that we identified through a source the fbi applied for were able to detect a plotting to bomb the new york stock exchange. >> intelligence officials said that plot was among 50 potential terp -- terroris

ben has stocks set to roar.gs to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? ♪ ♪ ♪ [ male announcer ] for dad's first job as dad. nissan tests hundreds of child seats to give you a better fit and a safer trip. snug kids, only from nissan. ♪ >> charles: afraid higher interest rates may slam stocks. they say don't be afraid. >> tbt ultra short treasury, interest rates goes up. this goes up. >> adam? >> xlp a consumer staples, less interest rate sensitive. people have to keep eating. >> charles: ben? >> i love berkshire hathaway, if you can be on the same team, sign up. >> charles:

ben has very tense relationship with the head of the nationalist movement and the fact that he fled and came back i think damaged his popularity. but after 62, 63, when he really began to make these reforms, by giving women the right to vote enfranchisement of a woman into the political system. all of these things make them more popular in my view around 65 to 73, 74, the neck to his head. he abolished the political party system, created a one-party system and then he became to lose both his popularity and that he was also his back. he got canned there. he was diagnosed with cancer in 73. they decided to hide this beauty radiant people never knew he had cancer. >> host: you write in your book, "the shah" the chapter called the perfect storm. it is hard to pinpoint the moment at which the unwieldy coalition that eventually overthrew the shah began to coalesce. one thing is certain. president carter's human rights policies had an impact reinvigorating department democratic and. >> guest: one of the things that's not in the boat but everett about it in an earlier book. when jimmy carter be

it's as if the market has done the tapering which ben bernanke has planning. >> to japan which was a fed press conference essentially. what's your take on avi nom iks. who you willing to write it off at this point? >> in japan it's probably the only country in the world where we've seen surprises to the upside. over the past couple weeks the japanese economy has surprised on the upside. we've seen strengthening in the yen. so far the jury has to be off on abenomics and ultimately we're all betting that it's going to work because that's what the globe needs. if it doesn't work we're in trouble. >> that's an interesting point. isn't this what ben bernanke has been pushing japan or at least suggesting that they should be doing for a very long time and do you think that the volatility we've seen in the yen and in the nikkei and in bonds is scaring the day lights out of the fed here is that one of the reasons they're using terms about taking their foot off the pedal? are they worried about creating that risk asset volatility here in the u.s.? >> although you really have to think in terms

charles and ben ha a couple we went out and asked people a simple question: how old is the oldest personown? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living lger, one thing that hasn't changed much is the official rererement age. ♪ the question is how do you make sure you have the money you need to enjoy all of ese years. ♪ >> neil: stocksto weather e storm. >> lincoln, it can be a volatile stock but $250 stock ultimately. >> neil: wow! ben, what do you think of lin linken. >> i don't knowwhat charles knows that the market doesn't know but anytime you g warren buffett to do your vesting for you, let's do it. join in with him. he is the greatest jeepous ever been in the world of -- genius ever been in world of stock pking. buy in with him. he charges his salary, like $1,000 a year on the biggest, one of the biggest companies in the world. let's be his partner. >> neil:nd never invest in anything charles says. that will do it here. cost of freedom continues now.

. >> well, i think ben has done an outstanding done. he is a little bit like bob muller, the head of the fbi. where he has stayed a lot longer than he wanted or he was supposed to. >> federal reserve chairman second four-year term expires next year. president obama's response in this interview is any indication that he won't be reappointed. mr. obama's candid comments are being widely interpreted on wall street as him getting the boot. during the recession in 2009, emergency bailouts of wall street had a strong backlash. he embarked on a number of town hall meetings around the country to repair the feds image. the rising income inequality spurred the occupy wall street movement to take to the streets in 2011, protesting the same bail outs. the recessions lingering effects, 7.6 unemployment, the lowest labor force participation rate in 30 years and millions of long-term unemployed may have soured president obama on fed chairman bernacki. his high is on his presidential legacy. if and when he leads the fed, his likely successor is janet el

ben allen. the top three women are all within seconds of each other. it will come down to the run, which favors lesley paterson, who has traditionally been one of the strongest runners in the sport. ben allen has moved into second. he looks energized after passing the xterra legend, stoltz. but catching middaugh will be tough as he is showing no signs of slowing down. snowbasin resort, just outside of ogden, utah, is a true playground in the wasatch mountains snowbasin offers outdoor activities throughout the year for people of all ages. of course, the ski slopes here are so spectacular that snowbasin hosted the downhill, super g and combined races of the 2002 winter olympics. for incredible scenery and world class activities, experience snowbasin, a sun valley resort. woman: to those of us who share these islands, flying is a way of life. every day hawaii flies with us. experience maui, molokai and lanai explore maui, molokai and lanai at visitmaui.com to get pumped up for an xterra race, i like to listen to contemporary music. one of my favorites is lady gaga. it's a little old school, but nine inch nails and nirvana

ben just did. he reversed a 30-year trend. since the reagan years, the cost of borrowing money has gradually come down and now ben bernanke has start to go up. it's a very big deal. that's why all hell broke loose when he told the world about it. and a little history, i bought my first house in 1977. is that it? that's it. you got a picture. that's it. i didn't know that. it was a very small-- the one on the left-hand side, very small. it was a fixer upper in san francisco. i paid $60,000 for it. i had to put 20% down and i had to come up with that money myself. couldn't borrow it. the mortgage rate, 12 1/2%. i was happy to pay it because rates were going up rapidly. i had to get in fast and i did. within a couple of years, mortgages hit 16%. that was '81, '82. from there on out, rates came down and three decades later, earlier this year, the 30-year fixed rate mortgage hit a low around 3 1/2%. during that long decline, the dow went from 700 to 15,000. there is a relationship between the cost of borrowing money and the performance of the stock market. and now you can see why ben's reversal of the trend is such a big deal. the

listen to this. >> i think ben bernanke has done an outstanding job, he is a little bit like bob muller, the head of the fbi, he has stayed longer than he wanted or he was supposed to. >> some people think president obama just fired bernanke. >> yeah, i would not -- i have heard that. he did not fire bernanke. bernanke has a term that ends in january and first of all, president can't fire him. but i think what i read is that president obama sort of let out of the bag, probably a discussion that he and bernanke had. but i suppose he told the president, something that is not a surprise, which is he would like to go at the end of his second term. i mean, that has been the working aassumption of everyone for a long time. >> do you think that bernanke leaving has a big impact on the markets, adam? >> it could, the consensus view is that janet yellen could be more focused on rates, and the -- it could get a pause later in the fall, if we find out coming in that they will be more focused on controlling rates. what do you want to do with the money? do you want to stick with the money coming in

markets realizing everything that ben bernanke says does not have to be necessarily taken as gospel. on thursday they came back and said, you know what, the economy has been a victim of misunderstanding of what ben bernanke said. i think he would go back and -- if he had had a stock ticker there, he would have said, you know what, let me revise my previous remarks. it would have been all over in ten minutes. >> in realtime. >> i hope that the fed, and usually the fed does not, i hope they're not just looking at the stock market and saying, how is the stock market reacting? we have to change our statement. i think they freak out a little as rates started going up rapidly, as people concluded, as ky said, they're con cluesing more than what they thought he was saying. >> the bond market and ten-year t-note, not to get technical, but it's ul up a full percent in 60 details, which is bananas. >> gdp revised downward this week. there was strong news on other fronts in terms of housing, and other areas. but gdp was revised down. a lot of questions about unemployment. >> inflation is still bupcuss. >> i think the economy is doing fine. not as well as anybod

. >> ben bernanke has done an outstanding job.e bob muller, the head of the fbi where he's already stayed a lot longer than he wanted or he was supposed to. >> who could fill bernanke's shoes. names tossed around include former treasury sect larry summers, roger ferguson, allen kruger and the counsel's former chairman, christina roamer. one of our favorite games around here, larry meyer is here to play. >> you know all of these people. who do you think is going to succeed ben bernanke? >> i think the first thing i want to say is this is really remarkable. i almost fell off my chair when i heard the president's remarks last night. he essentially fired ben bernanke on the spot and gave a testimony afterwards. it's time to focus on who the next chairman might be. i do think that gellen is the most likely. that reflects two things in particular. she has extraordinary credentials. she was a governor on the board, chairman of the counsel, president of the san francisco said and now vice chair. the second is that while a vice chair has n

ben bernanke. let's just say it is too late to question whether it was the right thing to do, something tells me that he think is at going to have the intended effect eventually that it hasad. what is the one mistake that ben bernanke has made? >> well, i am not sure he has made a mistake. that is what has happened -- what is the problem that bernanke is trying to do with. he is trying to solve a severe economic in unemployment problem with only one of the two weapons we have the command. he can do something about monetary policy. he can do nothing about fiscal policy. the conventional wisdom is that those who must work together. how about the fiscal policy over there on capitol hill. they seem stalemated. they seem narrow minded. they seem -- both sides seem to be capable of putting their own political interests ahead of the nation's interest. ben bernanke has to deal with that, except that as a fact. think we all do for the moment. really so wisdom will come, but he is doing what he can, but with one hand tied behind our nation's back. liz: one of the things that we have seen as a rally with the dow, nasdaq, and s&p, the russell, small and mid capps looks so good compa

stock keeps going higher and higher as long as the overall execution continues the way it has been. >> all right ben. all right. you have some options action for this one? >> there has been decent activity since the stock began this big run. calls outpace puts today but much of that call selling, looked like closing sellers giving up on their bullish bets. some of the opening bets we did see were the puts. people paying a little over $1.40 for those things. the stock could be around 100 or slightly lower by the end of the week. >> you guys at home wanted to ask our traders questions on everything from pnc to ipm, we're trading your viewer tweets after the break. tdd# 1-800-345-2550 [ trader ] when i'm trading, i'm so into it tdd# 1-800-345-2550 hours can go by before i realize tdd# 1-800-345-2550 that i haven't even looked away from my screen. tdd# 1-800-345-2550 ♪ ♪ tdd# 1-800-345-2550 that kind of focus... tdd# 1-800-345-2550 that's what i have when i trade. tdd# 1-800-345-2550 ♪ ♪ tdd# 1-800-345-2550 and the streetsmart edge trading platform tdd# 1-800-345-2550 from charles schwab helps me keep a

ben tracy has the story. jim axelrod on what could be the biggest doping scandal in sports. dozens of major league ball players could be suspended. there's a major change in the t.s.a.'s plan to allow knives on planes. sharyl attkisson on a sudden course correction. and 45 years ago today robert kennedy was gunned down. >> would a doctor come right here? >> reporter: that was doctor there, and therein lies a very personal story told for the first time by michelle miller. the first time by michelle captioning sponsored by cbs this is the "cbs evening news" with scott pelley. ews" with s >> pelley: good evening. today robert bales told a military court that he committed the worst american atrocity in the afghan war, but he does not know why. 15 months ago in the middle of the night bales left his combat outpost alone and murdered 16 afghan civilians in cold blood. mostly women and children. the bodies were delivered to a morgue in a truck. nine of them were children and bales had set many of the bodies on fire. in a deal, prosecutors dropped the death penalty and in return bal

ben tracy has the story. jim axelrod oha

. >>> ben bernanke has spoken and now investors all around the world have a much better idea of when the federal reserve will start cutting back on the massive stimulus program. the fed chairman said that process could begin later this year and the bond purchases could end completely by the middle of 2014 but only if unemployment and housing continue to improve. wrapping up a two-day policy meeting ben bernanke noted the economy is doing better, still policy makers left the fed's key interest rate unchanged at 0%. investors didn't like what they heard and stocks and bonds sold off on the news. the dow tumbled and the nasdaq lost almost 40 and the s and p down. a level we haven't seen since madge of last year. our steve has more on bernanke and today's fed news. >> reporter: fed reserve chairman ben bernanke dropping a bombshell saying if the economy follows the path the forecast says it will, they could begin tapering the asset purchases by the end of the year and end them by the middle of the next year when the unemployment rate is around 7%. here is what he said. >> if the incoming

and i think what they've got doing, what the fed has done, they have everyone else talking about this tapering, ben bernanke has said nothing. all of the officials and fed presidents are talking about it, taking the market down, take some fluff out of it, so when we talk about tapering, which will be a long process, they're not just shutting the spigot off tomorrow, is the market will have some of the fluff out of it. >> and that should benefit stocks over time. >> yeah, the anticipation is doing the work for us. the anticipation and the selling happens now. >> it sounds good, but there's no way to say that's the case. it could get twice as nasty. it could get twice as good. there's no way to say. it's just -- you know, we're talking heads in this regard. >> yeah, but if the market really starts to unload, you know the fed's not going to walk away. they'll ramp it back up. >> i don't know no such thing! i think the fed's behind the curve with the market! the market is tightening the rope right now! >> right, right. michael, what would you be doing in terms of putting money to work? you have to make

hinted that ben bernanke has been in the job longer than he should be. do you agree?want to see benedict x k bernanke reconfirmed or not? >> well, i won't ants that. this kwaunt f quantitative easing is over the top and puts us in very dane jurier totogero. i understand the inflation and deflation but you can't continue to debase the currency long-term. it is just an healthy thing. >> and he suggested he would be out of qe if things go as planned over the next year. is that appropriate at this point? >> again, i've been concerned about disquantitative easing. you can't continue with virtually zero interest rates for a long time. you're telling investors you only have one place to go. and that's to the equity market. we all knew this day was going to come. when he was going to start to back up a little bit. better now than later. >> which is really surprising that the market would react this way? because we knew it was coming. >> well, everybody knew it was coming. but nobody knew when it was coming and still don't know when it is coming. >> join me for part two. we ha

has more ways to help you find yours. ♪ >> that song by the way is benny and the jets. get it. that's why we played it. and benhas a 2:30 p.m. eastern. and big day for the markets. what will ben say? prior to that, i'm heading to chicago. let's bring in tres knippa. why on earth are you at work so early in the day? nothing's going to happen until ben speaks. >> there's a crude oil at 9:30, i'm here for that. and don't forget that ben bernanke is an economist. is it possible that some of it, the tone of his discussion when he -- if he projects some kind of papering, don't you think that anything he does, he'll say, well, if we don't, if we want, we may go back, et cetera, et cetera, et cetera and keep it so vague and open-ended that i think it will be hard to trade off of. but is the fed going to change the policy and let the rates rise? no chance of that. stuart: stick around, i want to ask another opinion of you just in a moment's time. right now, i'm waiting on the opening bell. we're expecting a flat to slightly lower market this wednesday morning. okay? of course, you'll see him right here on the fox busin

dow off 206 points off of indications, that ben bernanke has finally has a plan or quasi plan to pull the punch bowl away the tapering of the bond buying and mortgage security buying that seems arcane. the bottom line is the way for the federal government to forcibly keep interest rates as low as they have been. he is going to start maybe taking that away by the end of this year. a little sooner than some thought but also posited he is done with this or stop it entirely and lot would depend on the economy. it ends up how you read it but more bears reading as bad news than good news. we'll go to steve moore and melissa francis. it's always in the eyes of beholder. what do you make of it? >> absolutely. i watched the whole thing live. if you try to kror correlate with what he said, it's like readying tea leaves. it's important thing to notice, we saw stocks sold off and bonds sold off. that is not usual. what it tells you the market doesn't have a lot of confidence in the dismount strategy. as we get closer they are not convinced the feds can hold on to it. we can hold on to mortgaged b

ben tracy has more about the actor who created one of the most dynamic characters in t.v. >> i'm in the waste management business. everybody immediately assumes you're mobbed up. it's a stereotype and it's offensive! >> reporter: james gandolfini was all about defying stereotypes. he had bulk and baldness but still became a leading man. >> like popeye says "i am what i am." >> reporter: and as tony on the hbo hit "the sopranos," he was a mob boss who could barely manage his own family. >> carmella! what the (bleep) are you doing? >> reporter: in 2005, gandolfini told bob simon that some of his own personality became part of the act. >> i have a little bit of a temper but it's a useless temper. (laughs) it doesn't accomplish anything it's just ranting and raving. all the writers are vampires and they'll look around and they watch you when you're not even thinking they're watching you and they'll slip stuff in. >> reporter: but dominick chianese, who played uncle junior on the show, remembers another side of gandolfini. >> great actor. everything showed on his face. every li

what we're seeing right now is a lot of the artificial stimulation the market has gotten by ben bernanke's policies, it's starti to come to and our fund feels like the stock marke right now has a correction in mind somewhere in the 5% to 7%range over the next quarter. i could look for somewhere in the course of this week about 1,000 points to the down side. was a retail investor, had some profits, i wou go into monday morning thinking let me take some profits off the table, if the bubble starts to burst, there will be great oprtunities down the line. but the evailing opinion is always sell it in may and go away. we're in june. if you haven't sold yet, i'd be selling monday. >> 1,000 points. gary, are you buyi or selling? >> well, first of all, john just scared the heck out of me so i don't think -- well, okay. i age with him i part of it. do i think there is more down side. i don't think it's going to be another 1,000 points down. at would take us below dow 14,000. ink that's probably a pretty safe stopping ground. in direct answer to your late thursday. i start buying i start buying a lit

has ben bernanke run his course at the fed? that's what we asked in today's yahoo!t into it with mr. ferguson in just a couple of seconds as "power lunch" continues. what's in your ear? oooo! a quarter! check for more! well, i guess i can double check... my watch! [ male announcer ] it pays to double check, with state farm. all your important legal matters in just minutes. protect your family... and launch your dreams. at legalzoom.com we put the law on your side. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >>> kind of a wrinkle on our power rundown, sue. joining us is our guest host for the hour, niall ferguson and congratulations on your new book, "the great degeneration." in the book you're arguing it's harder than ever, among other things, to do business in the united states and that -- and that more stimulus,

charles: at some point ben has to stop.onomy and at one point of the rally can be securely affixed to the u.s. economy? stuart: you really think the dollar is down 54 points because the employment report this morning was bad? charles: sure, sure. stuart: we have four hints that the fed will tap on the brakes this fall. that isswhat is putting the market down. before you get hints from the same people. yesterday, george -- talk -- her speech was interesting but wasn't necessarily news. i am glad you mentioned that. look at the big winners this week and asked if ben bernanke had any influence on the big winners. yesterday company called gee 3 apparel of 21%. you know what they sell? calvin klein, this is not one person in america who bought any closed the last three months because of ben bernanke. stuart: when you're changing the subject, going to individual stocks. charles: i don't like talking about the market as opposed to individual companies. charles: stuart: they have great individual companies? charles: later i do. stu

ben tracy has the story. jim axelrod on what could be the biggest doping scandal in sports.ld be suspended. there's a major change in the t.s.a.'s plan to allow knives on planes. sharyl attkisson on a sudden course correction. and 45 years ago today robert kennedy was gunned down. >> would a doctor come right here? >> reporter: that was doctor there, and therein lies a very personal story told for the first time by michelle miller. the first time by michelle captioning sponsored by cbs

. >>> federal reserve chairman ben bernanke has a little more positive view of the u.s. economy.ut that sent markets tumbling. cnbc's andrew ross sorkin, my friend. >> hey, my man. how are you? >> i'm doing well. >> great to see you. >> congratulations, by the way. i'm probably two or three weeks late here, but it's -- it's been probably more than that but marv tlous watch you every morning. >> i know you miss me. we need to know why the stock market tumbles so strongly when mr. bernanke says we might stop something in the future but nothing is happening right now. >> because we've indicated for the first real time that we are taking the drugs away from the patient. that's what's happened here. this is all about whether we can handle it. it's sort of -- it's kind of like antibiotics. you are supposed to take them to a certain point and then stop taking them before they finally kick in and start to work. it's hard to gauge when you are supposed to stop with the medicine. and that's really the question right now. the market clearly feels that the economy isn't out of the woods yet

it's a mystery, and ben tracy has a look. >> reporter: how many acres of wheat do you have out here? >> we have between 700 and 800 acres of wheat. >> reporter: clint lindsey sells almost all of the wheat he grows near portland to countries in asia. the discovery of genetically modified wheat in eastern oregon has customers worried. >> what does this mean to you for your business? >> well, our company sells to a grain exporter that was dealing with japan and has had its next shipment put on hold. so unless that gets started up again we could be sitting on conventional wheat this fall. >> reporter: how much does that cost you? >> hundreds of thousands of dollars a year. >> reporter: the problem began when a farmer-- who has not been identified-- noticed wheat he treated with herbicide did not die. researcher carol mallory smith tested the plants at oregon state university. what did you find? >> i found they were round-up resistance. transgenic. >>. >> reporter: meaning they are genetically modifyd? >> yes. >> reporter: were you surprised? >> yes. it's a mystery how it got there. >> re

president obama: i think ben bernanke has done an excellent job. he is like fiv bob mueller.e stayed a lot longer thane wantedr he was supposed to. but if he wanted to be reappointed, you would reappoint him? president obama: he has been outstanding partner along with th white house melissa: what? that is nottreally a ringing endorsement. that is like somebody saying how is your husband? that is like somebody saying he has been outstanding partner until now. >> anybody can be a loose cannon, it is just odd is the president of the unit states? melissa: was tt a loose cannon? >> he is not going to jackson hole, that was a little odd. he has been telegraphing things and a lot of people say he is tired, this has beenxhausting, and this is not what he had in mind when he became chairman of the fed. >> he was looking at his shoes when he said that. melissa: he stayed a lot longer than he was supposed to or wanted to. that is pretty harsh. not surprising ben berranke rocks the boat a little bit. then coming out today saying maybe we will have more accommodation down the road if we n

. >> three years late, better late than never, what ben bernanke has done inadvertently this make it easier for the vernment to deficit spending, get back on their feet, issue newonds but for the rest of the economy, smaller businesses like with what they said in russia, health care is free but you can't get any. they a thehe job creators, they are hurt by what bernanke did. not much left for the small guys. lou: a lot of lilimited government, some of them are anti-fed. oh, my gosh, we cannot conclude it a $5 billion per month. i do not like what he has done, bbt don't let him reverse course here. there is a chorus of hypocrisy in pleading for more punch bowl, please. >> it is hard to give up when you have it. bernanke will not do this precipitously, will not do it rapidly. the marketas grossly overreacted that they reacted because they nally realized this might be coming to an end soer we thought it wou go ttrough 2015, 2016, 2d century, who knows. the punch bowls being taken ay. but remember the stock market has had a great run. the market has gone nowhere, so the end the day what

apparently ben has the wall street journal on speed dial, something pretty clear, but it really is are this market is going to be-- for as long as it takes. stuart: it drives us crazy when the slightest hint produces such a huge market gain or a market selloff. it's hard to deal with that. you're the trader, larry, you've got to deal with that. >> yes, do you, 11 point move in the s&p and if you were short thinking the market topped out. you were in trouble and that's part of how trading is. >> good luck, larry, i can hear them shouting in the background and we're off and running. we were expecting a flat open, flat or slightly lower and that's where we are, slightly lower. down 3 points and we'll keep you informed, down 6 at the moment. a couple of big names that you know in the news, maybe the stocks are moving. airbus introduces a brand new plane. that's news. it's the a-350, took its maiden voyage in france today. it's the competition for boeing's dreamliner. take a look at boeing shares, they're thinking about a stretch version of the 787 dreamliner and boeing's at 102 this morn

the former head of the european central bank has voiced his support for u.s. fed chairman benew with cnbc, jean-claude trichet spoke about the recent market volatility and said that he believes the fed is taking the right action to build a more resilient economy. you know what, we'll try to get you that interview. we just had a little bit of audio difficulty there. >>> but in the meantime, though, let's talk more about what's been taking place in the markets, because volatility has, indeed, been rocking china over the last couple of days, as you've seen. the shanghai composite following as much as 5% but recouping most of its lost ground to end just a tad lower. that's on hopes that chinese authorities now might just step in to address the short-term cash crunch and calm the recent market turmoil. at a news briefing in shanghai, china's central bank assured investors that it will manage liquidity in a flexible manner and guide market rates to reasonable levels. it said that the recent spike in money rates was due to seasonal factors which would gradually fade. >>> and we've be

obama told pbs that ben bernanke has already stayed a lot longer than he was supposed to. has done an outstanding job. ceo announced internet company got 12 to 18,000 request in eight months. the most common request is fraud, kidnapping and other criminal investigations. and the boeing 787. bowling one major orders and the customers had more than 100 planes of the 8710 model. those are some of the hot toys right now on fox business.com. we have more on this story when we come back. details on the new program helping main street trade like wall street. and your personal information is not just at risk in the doctors office. keeping your data private in the workplace. it's a brand new start. your chance to rise and shine. with centurylink as yo trusted technology partner, you can do just that. th our visionary cloud infrastructure, glob badband network and stom communications solutions, your business is more reliable - secure - agile. and with responsive, dicated support, we help you shine every day of the week. and with responsive, dicated support, i have copd. if you'vw ha

>> sthart with the fact that ben bernanke has a lot of academic research out there criticizing the japaneseat's a case he's probably not going to remove it early, plus, there's no inflation, none at all, and, finally, the economy is not growing fast enough. we see the fed not beginning a taper. cheryl: that moves into the next thing i want to cover with you, some of the picks you brought on to the show and how they perform now because these names, moe of them, anyway, stat with the good stuff, most road the wave on the positive side. start here with intel, march 20th, up 20% since you picked it. here's a one-year, but i want to show the viewers a three-month chart, the performance they would have had under you and the picks. >> thank you. it's a nice chart, and they are doing what we thought, which is use their marketing and technology prowess to get into tablets and smart phone, back down here, they said they're not in smart phones and tablets, it's a dinosaur just with pcs is, but they made the move. >> interesting. that's where the stock over the last three months, interesting. something

ben bernanke drove the markets down. we'll delve into what happened with niall ferguson. he is a professor at the harvard university and the harvard business school. he has "the grease degeneration, how institutions debay and mes die." pleasure to have you back. >> pleasure to be back. >> so why are markets reacting so strongly to what ben bernanke says? this has been happening now for weeks. >> weeks, even years. after all the idea that central banks are the only game in town has been doing the rounds for a while. remember when alan greenspan was god? in those days we passed everything he said. but the stakes are higher in our post-depression, post-crisis economy. and every single thing that ben bernanke says, and the same applies to his counterpart in europe, is parsed for any sign that there's going to be a significant change of policy. the economy has been living not just on zero interest rates but on concert easing, which is mum bow jumbo term to describe large-scale purchases of baubds, $85 billion a month, to keep interest rates low. >> was this a market overreaction to something he had been saying or could it have been a very clever effort by ber

strip him self of political power to accomplish the rest of us and well he might i mean i think ben jones has been saying let's just go and call that the obama pipeline and you know if you want to go in the lab that happen let's put your name right on it and that will be your legacy mr president so i think he's got a real big choice to make on that count that's something he can do on his own he can simply say no they can't sell pipeline with you and i suspect he's i am very concerned about this because he said you know the two criteria he gave that it's in the nation's interest in that it doesn't increase carbon both of those criteria have been explicitly stated know by the state department they you know in the preliminary report so we'll see where the report was yeah the report was done by a consultant who has a lot of pies to the oil and gas in the. survey and i already decided to go with that that's really a saying yeah i agree sir we have to wrap it up thanks so much for being with us today thank you tom enjoyed it. crazy alert we've told you before on the show about people having sex in

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