dennis: we're still monitoring the testimony of big ben.ome last talks from her. >> short-term volatility is likely off of that sensitivity. we really have to set our sights on the long-term trends acknowledge the fact a lot of stocks are reaching new highs. as the s&p 500 extends the own uptrend, we want a bullish bias. dennis: around 1760, so another 100,000. cheryl: thank you for sharing the hour with us. something dennis finds interesting as well. we want to thank charles payne as well. we're going to take a quick break because we will be going on for another hour of "markets now." dennis: you cannot get rid of us. junius to dissect the testimony on the hill. cheryl: we will introduce you to the business legend that led to a billion dollars in sales. the shares hit small business tips with you and more on small business. dennis: the disappearing movie and white is happening in a theater near you. the boys used double miles from their capital one venture card to fly home for the big family reunion. you must be garth's father? hello. moth

so let's not put out information that is not true -- >> okay ben, ben, ben, ben, let me ask you a questione. >> how would a teacher with just 50 hours of any kind of training with a gun be able to stop somebody like adam lanza with an ar 15 with perhaps 100-bullet magazine. explain to me how you'll do that? >> well, you actually take the gun. you lift it up. you aim it at that person, and then you pull the trigger. it works. i had two guns pointed at me, both of them shooting at me, and i was able to protect myself. it's better than putting your hands up like this or putting yourself in front of children and taking them and having absolutely no way to defend yourself or the poor children -- >> where do the teachers put the guns? where do the teachers put their guns physically? >> they wear it on their waist. this is not new technology -- >> there are a couple things really concerning -- >> mary -- >> because ben, they are police officers. wait a moment -- >> ben. >> they are police officers, that is their job. >> that's right. >> like soldiers are soldiers. we're talking about teachers. wh

the price action was what ben bernanke wanted, a big nothing. he wants to take volatility out of the market and take action away from the market. think is the action he was looking for. i didn't know when the fed decided trade to market but they put the market on both sides of nowhere. there is no action and no volatility. they are up against upper levels. near the top, we're five points from the s&p on print high we made on may 22nd. david: let me go to lee now. very briefly because we're getting reports of some earnings coming out. a lot of investors think we topped out at this level. they're ready to hit the cell button. why would you say stop, don't do it yet? >> when you look at the trim of interest rate environment the reason interest rates -- david: lee, i'm sorry. we're getting word the numbers are out. let's go to the intel numbers first of all. we have actually right on the money in terms of earnings per share, 39 cents. a little low on the revenue. 12.8 billion. the estimates were for 12.9 billion. we see the stock getting hit a littl

and as we went to ben bernanke he said i don't think so.ge and from melissa as well. judge napolitano: he has taken an oath. >> followed up by saying we're focus on main streets and creating jobs and deflected and didn't think of that. stuart: we have been sitting here all this time and the market has not moved. when he started, when the market started to work, we had the dow up 22. now it is a 16. no market movement whatsoever. >> he didn't do anything to dissuade the market from believing the money train is going to stay right where it is. stuart: precisely right. even though you disagree with the fed, melissa is right. no indication they will quit printing and the market does not go down. ed butowksi in dallas, thank you very much for appearing on a difficult day, you are indeed a genius and we thank you for being here and judge and melissa great stuff, the hearing continues. i am sure you will see more of it on the fox business network. my time is up. deegan mcdowell and connell mcshane. connell: everyone talking to dagen mcdowell is al

weigh in on this for a moment. >> ben? >> at am, you're a super smart guy and your recent article about apple in "fortune" is brilliant. >> thank you,very kind of you. keep going. >> you're very welcome, but with all due respect -- with a due respect, if it's a government-made law, then it's government imposing a much higher wage. >> what are you two talking abt? >> we make the law. >> we make the law? >> we are the government. >> i totally reject -- >> the union ishe government. in obama land -- >> let me paraphrase what ben was saying, adam, that you're a great writer when it comes to technology, but you're a stone cold moron when it comes to subjects like this. >> don't you know i love you too much. >> this is a tactic by the leadership in one city in this country that specifically goes after walmart. there are exemptions in in law to companies like safeway and other supermarkets, so that's -- >> unionized. >> and i want to bring derrick k. back in, hold on a second. meone mention that had d.c. is a boom town. there's n

ben crump or someone like him.in the case, maybe for some good reasons to begin with. if he believed there was something being swept under the rug, get into it. i'm very okay with that. >> reporter: but you didn't say it that way. you made it sound like if not for ben crump, george zimmerman would be free at this time. >> that's correct. i think it was a made-up story for purposes that had nothing to do with george zimmerman. and that they victimized him, they complain about trayvon martin being victimized. george zimmerman was victimized by a publicity campaign to smear him, call him a racist when he wasn't and call him a murderer when he wasn't. >> reporter: so angela cory and the governor and all of those that had a hand in bringing about this prosecution, they were all manipulated by ben crump? >> i don't know that it was ben crump doing all that manipulations. i'm very surprised that the prosecution team decided not to take this case to a grand jury when one was sitting and ready to take on the case, and deter

. >>> what ben bernanke was telling congress about the economy. they were reassured by the comment there is no set timetable for pulling back on the bond buying stimulus program and strong quarterly earnings from bank of america. we'll take a closer look in a moment. >>> despite all of that and an upbeat outlook of economic condipgco conditions in the federal nation, stocks still posted small gains. the dow added 18 and nasdaq 11.5 and the s&p up 4.5 points. >>> more on today's testimony from bernanke before the committee. the fed was on message with lawmakers when the central bank might pull back on asset buying plans. hampton pearson has more on the testimony. federal reserve chairman ben bernanke said markets are more stable now that investors understand the central bank is in no rush to take respond buying program or raise key short-term interest rates. >> we are very focused on main street. we're trying to create jobs. we're trying to ever housing affordable. we're -- our low interest rates creates a lot of ability to buy automobiles. >> repo

ben crump or someone like him because ben crump not got involved in the case maybe for good reasons toin with. if he believed there was something being swept under the rug, get on to it. i'm okay with that -- >> but you didn't quite see it that way. you made it sound like it was ben crump, george zimmerman would be free and we wouldn't be in a trial. >> i think it was a madeup story for purposes that had nothing to do with george zimmerman and they victimized him and complain about trayvon martin being victimized and george zimmerman was victimized to call him a racist and a murderer when he wasn't. >> so angela corey and the governor and all of those that had a hand in bringing about this prosecution, they were all manipulated by ben crump? >> i don't know that it was ben crump doing all that manipulation, but i'm surprised that the prosecution team decided not to take this case to a grand jury when one was sitting and panelled and ready to take on the case, the state of florida versus george zimmerman and determine whether or not there was enough evidence and information to charge hi

stocks because of ben bernanke.rospects of that particular company are more than today. >> they are buying them because they think the market is going to go up, right? >> the machine did not move the market. >> no, hold on. they don't buy it because they don't think the market is going to go up. >> what are you talking about? they are not buying it thinking that it's going to go down. >> someone buys dell or hewlett-packard because valero is going up. today, the stock market went up because there was optimism about ben bernanke, no doubt about it. at the end of the day, you look at valero after the close, it did not drop. >> they are spreading out. they are not specking a stock and saying, i'm going to do this, i'm going to do that. >> that may be the case. yes, i think clearly over time we're seeing an increase in what i'll call passitivity of the market. >> are your clients risk averse right now or putting money into the market? what are you seeing? >> listen, the knock on hedge funds right now is that they are un

ben crump or someone like him.en crump not got involved in the case, maybe for some good reasons to begin with. if he believed there was something being swept under the rug, then get on into it. i'm very okay with that. >> reporter: but you didn't say it that way. you made it sound like if not for ben crump, george zimmerman would be free at this time. and we would not be in a trial. >> that's correct. i think it was a made-up story for purposes that had nothing to do with george zimmerman. and that they victimized him, they complain about trayvon martin being victimized. george zimmerman was victimized by a publicity campaign to smear him, call him a racist when he wasn't and call him a murderer when he wasn't. >> reporter: so angela cory and the governor and all of those that had a hand in bringing about this prosecution, they were all manipulated by ben crump? >> i don't know that it was ben crump doing all that manipulations. i'm very surprised that the prosecution team decided not to take this case to a grand

that's ben crohn and other people. i don't discredit what he did, as long as he acknowledges that's what happened. >> he purposely, or that family, purposely chose those photos because of the youthful look it gave him. >> i don't have personal knowledge on that, but i do know this was handled where trayvon martin was 12 or 13 years old, and george zimmerman was a racist murderer. you didn't have to scratch very far below the surface to realize george zimmerman is an anti-racist. he's the opposite of a racist. this is a guy who mentored black children during this very time that this happened, that he grew up with black children in his home being cared for by his grandmother. he brought a black woman or girl to his prom. he went and took the stand that he did for sherman ware, a homeless black man abandoned by his father. it didn't take much to see george zimmerman was not a racist. so if that's true, maintaining and futuring the fal acy that h was a racist was absolutely intentional. >> you mentioned ben crump. do you t

ben bettrnanke speaks and the market yawns. will the gasoline tanks, how low it will go and when that may happen? and he has got game, do i? the great golf teacher, hank hanie checks my swing, my form and gives me a lesson on the green. "on the money" begins right now. >> here is what is making news as we head into a new week "on the money." it may have been what ben bernanke wanted to happen, he gave his semiannual testimony

>> eventually, he goes to get ben to talk to ben about how to handle the situation, and then the coplike, well, we came to a weird agreement in how to settle this. >> he has ingagreed to pay the e and let you go if you take his hand in marriage. >> oh, my god. >> what? are you kidding me? no. >> i love you so much. >> oh, my god. >> this is an elaborate proposal. >> what? >> oh, my god. >> i am sorry. >>or is a radio station the giving away a free wedding for the whackiest wedding proposal and this is ben's submission. we have ben and marcia, and the newly engaged couple joining us. first of all, ben, how did you pull this thing off involving the officers and everything, how did you do it? >> well, my brother-in-law is a police officer and he got a few of the friends on the police force to help out. >> tell us about the voting. have you won? >> well, we have not won yet. we are in the top two. it goes down today. >> and what about the parking tickets, is that true? >> i have a couple, but i knew i didn't have $2,000 worth. >> i have literally paid off thousands and thousands of dolla

ben bernanke.

hotmail or a book because ben bernanke says it will. what we often think of is, as the power in society and what drives economies. it's the labors of millions around the country but the financial system from the system of money is what creates the bedrock that allows all that. is a platform on which it stands. that raises an inner question, why is ben bernanke and of those words federal reserve note, why does that matter and white does that make that money than the. and for that, nancy alluded to, we have to do a little history. i'll give you a very brief history of what central banks are, how they came to service great power or the world, great power over society. so as mentioned minute, 1650 sweden, way back. sweden was an emerging power at the time. a controlled great empire. consider controlling most of scandinavia and the ukraine great. they were a great empire. they were on the rise. as in most of europe at the time

i don't know if ben brought back together but that is the news. good economic news is good economic news for oil. we saw it in the jobless claims number. that means more gasoline demand. in the philly fed number manufacturing demand, removing things by truck, that is bullish. at least for today they are in tow but i am not sure they can keep them together. down the road they will decouple

ben bernanke goes before congress. is doing it this wednesday and factor for our lawmakers ask this question him make sure we as a society understand what they're doing and why and what the risks are and hold them accountable if they get wrong i think that's one of the most important things we can do in this world where they are deploying this vast power on behalf of all of us. so that is my take and that is the story of "the alchemists." i hope you read the book and enjoy. i would love to answer your questions or hear your comments. [applause] >> in if you ask the question, can you please go to the mic in the back? >> from what i read, this austerity that has been pushed by congress has been debunked. the study was absolutely wrong, and i don't know whether bernanke has the power or the will to come out and say, no, this is not the time for austerity. we need to spend federal dollars in order to get an employed populace. you are never going to lower employment unless the fed to can print money start printing it and hi

ben bernanke commencement of the most today. peter, back to you. he was very clear in his fed speak, kind of an oxymoron there, did we learn anything more from the fed chairman relating to the bond buying program? >> he stayed on message with that, and said once again that if the economy continues to grow, and if it continues to add jobs at the paste the fed forecasts, he says once again yes we can start tapering later this year. but if we don't get what we forecast, we may not taper later this year, we may increase bond purchasing. with the new language was with these plans by no means been a preset course. possibly hurting the housing market. >> many think the role is to save the day. this is very dangerous. >> this is an idea going around the fed can step away and not do anything. we have to have interest rates somewhere. we have to do something. i think we're better off getting the economy moving then not. >> when he was pressed if interest rates are going up, he kind of, i don't know, slipped a little bit at the end and said the economy is wea

when ben bernanke speaks, global markets listen. european stocks are higher mirroring moves in asia as they get ready for his testimony today on monetary policy. >>> novartis says it is not part of china's probe into alleged bribery in the pharma sector after the chinese state paper demands a crackdown on foreign companies. the swiss drugmaker raises its outlook on the back of the strong q 2 sales. >>> foreign companies continue to pour money into china despite rising scrutiny and slower growth. june fdi rises 20%, its fastest clip in more than two years. >>> and the u.s. energy regulator finds barclays and its traders $453 million for allegedly manipulating energy prices in california. investors shrug it off as analysts call the amount not material. >>> hello and thank you for joining us. let me tell you what's coming up on today's show. glaxosmithkline says it knew nothing of the alleged bribery of medical staff in china. but are other companies equally as blind to the practice? we discuss the scandal at 10:20 cet. we're talking o

peter barnes and ben bernanke in washington. dagen: the railroad that literally touches almost every part of the economy reporting its best ever quarterly results. the ceo, is here. connell: that'll be good. dell delaying the vote to be private. new developments on that story ahead. dagen: scorching temperature the in the east coast and impact on businesses and you as we're going to get relief in a few days, maybe. look at the oil markets. we don't need to heat our homes, but you still have oil up, really, following the market today, better economy, higher crude pricings, almost 108 bucks a barrel. ♪ (announcer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quickly understand my charts, and spend more time trading. their quick trade bar lets my account follow me online so i can react in real-time. plus, my local scottrade office is there to help. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. voted "best investment servi

>> no, ben crump or someone like him because had ben crump not gotten involved in the case, maybe for some good reasons to begin with. if he believed there was something here swept under the rug, get on into it. i'm very okay with that. >> but you didn't quite say it that way. you made it sound like if it wasn't for ben crump, george zimmerman would be free and we wouldn't be in a trial. >> that the correc i think it was a made-up story for purposes that had nothing to do with george zimmerman and they victimized him and complain about trayvon martin being victimized, george zimmerman was victimized to smear him and call him a racist and murderer when he wasn't. >> ben crump, your reaction to that? >> well, piers, you know, they seem to forget that trayvon martin was a dead unarmed kid on the ground who his client profiled, followed, pursued, and shot in the heart. the only thing that brought us into the matter is when they told trayvon's father that they were not going to arrest the killer of his unarmed son, who only had a bag of skittles and a can of iced tea walking home from the

as the dollar gained before federal reserve chairman ben s. bernanke testified to congress undermining the appeal of commodities as a protection against inflation so people are investors in this oil market we're thinking that he's going to reduce inflation stop printing paper and therefore oil was not the place to be it's not taped her it's a tape worm this guy bernanke is a parasite and when he lets the quantitative easing into the system it's like drinking a nine gallon drum of pepto bismo or something it's meant to enough the thais the pain of being involved in an economy that's run by charlatans and parasites if you drink enough pepto biz ball which is quantitative easing like a little pink slime member pink slime they outlawed pink slime they should outlaw quantitative reading for the same reason it's a simulation it's a simulation for an economic policy but it's not actually substantive there's nothing there there it's just all smoke and mirrors there's ben bernanke e the charlatan in chief who while you know the reason why one has diarr

ben. where is alabama? alabama. yeah. state nicknames, $800. liz. what is alaska? no. ben.here is california? correct. unofficial for $1,000.

that is from fed chairman ben bernanke. let's bring in charles payne who has been kind enough to join us on this. >> this is ben bernanke's last testimony. he goes out and says to these guys you don't know what you're talking about, i'm sick of you barragebarrage me. if you think my job is irrelevant, watch this whole thing go to hell. that was the way he wanted to go out. he probably wanted to say that for years. >> i don't think he is right. if they wind up a quarter of a point that does not have to tank any economy. >> here is a crazy thing about this. they buy assets from the government, they buy this from banks, it is not getting to main street. i don't think their lives have been impacted by the fed. we talk about the housing market. we got existing homes, 28% first time home buyers. we talked about the stock market, the bottom line is ben bernanke, his desire to spark the virtuous cycle is where he is frustrated. in a large degree he blames it on fiscal policy as well. cheryl: he did say he things mortgage lending wo

ben willis checking in here.the tone will be set for tomorrow. let's put it that way, after chairman bernanke speaks. [ bell ringing ] during the q&a, maybe we'll get more clarity, and then maybe, again, we won't. at any rate, going out with a decline of about 10 points on the dow. stand by for the second hour of the "closing bell" with maria bartiromo. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the market is in a holding pattern as investors await federal reserve chairman ben bernanke and what he may say in a few minutes. a lot of applause for the new york stock exchange, veteran associate program who rang the closing bell. it did end mixed as we are in a wait-and-see period. the dow down about 7 points. we had been down about 40 points at the low. up about 25, i

>> no, ben crump or someone like him because had ben crump not gotten involved in the case, maybe for some good reasons to begin with. if he believed there was something here swept under the rug, get on into it. i'm very okay with that. >> but you didn't quite say it that way. you made it sound like if it wasn't for ben crump, george zimmerman would be free and we wouldn't be in a trial. >> that the correct. i think it was a madeup story for purposes that had nothing to do with george zimmerman and they victimized him and complain about trayvon martin being victimized, george zimmerman was victimized to smear him and call him a racist and murderer when he wasn't. >> ben crump, your reaction to that? >> well, piers, you know, they seem to forget that trayvon martin was a dead unarmed kid on the ground who his client profiled, followed, pursued, and shot in the heart. the only thing that brought us into the matter is when they told trayvon's father that they were not going to arrest the killer of his unarmed son, who only had a bag of skittles and a can of iced tea walking home from the

ahead of ben bernanke's testimony, it seems. we'll find out if the market and your investments should be on hold and what to expect from the chairman. >>> then, if you are eyeing early retirement, you need to hear about a new study that shows it could be incredibly bad for your health. that's coming up on "closing bell." stay with us. to generate income? with fidelity's options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens, and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. before their gift helped preserve the point... before a credit solution was used to expand their business... before trusts were created for their grandkids' educations... they chose a partner to help manage their wealth... on

ben cruz started his commute around 5:00 p.m. tonight and as you can see there, he has a long way before hegrets to the -- he gets to the bay bridge. >>> traffic is still very slow leaving san francisco, 101 on to 80. slow traffic although it is improving on 101. on city streets taking a long time for you to drive. we had one of our photographs driving along 46 minutes now coming up from the embarcadero. we want to show you traffic is going to be okay on the golden gate bridge. not a bad option. you will be going a long way around. 101 is not too bad. back to the studio. >>> developing news out of arizona. we are learning more about the deaths of 19 elite firefighters who were all trapped in the flames of a fast moving wildfire. this afternoon people lined roads to pay their respects as the bodies of the firefighters were transported and authorities released the names of those killed. 14 were in their 20s, including one who was the son of a los angeles fire captain. so far the yarnell hill fire burned 8300 acres and forced the ev

ben bernanke. craig, it is weird, i guess, in wall street par lance, you don't want growth or jobs games to be too strong but it's odd that this bastion that hates any help, welcomes it for themselves, isn't it? >> well, they sure liked his help on wall street but is the help trickling down to main street? that's my concern. the job number was very good but look at the internals, the u-6. that didn't do too well -- >> that's that? >> how many more unemployed people we added to the ranks. 17,000 more. it went from 13.8 to 14.3. look at the quality of jobs. we hit all-time high for percentage of parttime workers now, neil, and that's a direct result of obamacare. maybe we'll get an increase in that because mr. obama has given us a year before it has to be implemented so we have an election coming up. that was anticipated. but i wouldn't be popping the champagne corks just yet. this is great for wall street but not so great for main street, and i don't think we're going to get more than 1.8% gdp, and

there's ben bernanke and markets love him.uced a yawn during and after his appearance on capitol hill. we're going to hear from him later on today. we'll bring it to you. we're a minute from the opening bell. come in, scott shellady from chicago. 'cause scott, i'm tired of hearing about ben bernanke. liven me up. tell me, i want a date certain when the dow hit 16,000, go. >> and i think 16,000 by sometime next summer, date certain, a year from today. how does that sound? i'll go out on the limb and say that. i think all of this paper talking and higher interest rate talk is way too premature. i think that september, october, is when he starts to taper. i think 2014. we're still in trouble and need to see the unemployment rate come down and the growth, gdp numbers come up, but we're not going to do anything, same course straight ahead. stuart: it's the doldrums of summer for you trading guys, isn't it? >> absolutely. we haven't had a lot of sweaty days down here, even though it's 100 degrees in chicago it's pretty cool on the t

. >> i want to bring benefit jealojel -- ben jealous the president of naacp. he joins from the naacp convention in orlando and joining our conversation is marc morial of the urban league. ben, i want to start out of the ghert with your reaction when you heard the juror speak about her reasons for finding george zimmerman not guilty. did you find the fact that with what she was saying was supported by the way that the defense presented their case? >> you know, i think what you hear there is sort of cause for concern, that perhaps these jurors, for some reason, had a hard time really putting themselves in trayvon's shoes and his family's shoes. i don't think it's really helpful at this point to really, you know, dig into the jury too much or into the -- do the postgame quarterbacking. what is important now is that folks focus on what we can do going forward and going forward, yes, his family has more options in the courts of this state from a civil perspective and, most importantly, the usdoj can actually bring criminal charges here too and that is what we are c

you made it sound like if it wasn't for ben crump, george zimmerman would be free at this time and weould not be in this trial. >> that's correct. i think it was a made-up story for purposes that had nothing to do with george zimmerman and that they victimized him and complain about trayvon martin being victimized. george zimmerman was victimized by a publicity campaign to smear him when he wasn't and a murderer when he wasn't. >> and so angela curry and the governor and all those who had a hand in bringing about this prosecution, they were all manipulated by ben crump? >> i don't know that it was ben crump doing all that manipulation but i'm very surprised that the prosecution team decided not to take this case to a grand jury when one was sitting and panelled ready to take on the case, state of florida versus george zimmerman and determine whether there was enough evidence or information to charge him with any crime. rather than do that, which was the default position that could have happened, they decided have a press conference, pray with the victim's family and announce second-de

ben mezrich. >> thank you all for coming. it has been thankfully nice for the moment, we're not getting what. i'm so excited that john is doing this, we actually hosted a television show i don't think anyone much called the world series of black jack, he was kind of the hosted by was the black jack eckerd and we sat in a booth at the hilton hotel in vegas for a month, a few weeks, watching degenerate's compete in a high-stakes blackjack and our cameras caught some of them cheating and we watched them do unsavory things in the casino lobby after words and i got to know been very well because as much fun as i had hosting this unlikely show with him they mess up the audio and almost all the audio from the entire tournament was lost so we had to spend six months going to malibu every weekend sitting in a tiny 4 x 4 booth recreating the excitement of watching a year-old card game together and i was already a fan of him as a writer. i came to respect him as a man and as a craftsman at how he went about making extremely infectiously

ben, i thought we developed a little bond here. we talked for some long and you were so grateful, from the hospital. you in a way for a first responder because you told me you were helping people out tf plane because you were able to. >> i was sitting on the seat 30 k which is by the door, back of the plane, first row. and you know, no one was calling for evacuation, so i just, you know i realized -- i thought i had broken ribs, i opened up the door of the plane, the first thing i said was we're going to be okay, get out, get out, you got to leave everything behind. get out. people started moving from the front and behind. he had no chute by the way. >> many were reduced to teerls. they arrived back in seoul and one of the crew leaders talk about the escape. >> translator: actually i was not thinking but aking. as soon as i heard emergency escape, i conducted the evacuation. >> amazing to hear that and you see them in tears here. ben, when you saw them on the flight, obviously they were helping because you told me so in so many wor

stocks moved higher as ben bernanke was on capitol hill yesterday. what will it mean for today's trading? - you know, i don't think he said a lot, and he's still got another full day of testimony today. i think yesterday he accomplished exactly what he wanted - a market that had no volatility and low volume and is really just kind of stuck in the middle here. i think that's what he's trying to accomplish. why the fed is trying to trade the market, i don't know. - ben bernanke has made it clear to all about the labor market. so does that mean you pay extra attention to what's happening with jobless claims out today? - no, i don't think so, because i think that ben bernanke and the fed keep changing what they're looking for and deciding on how they want to taper, and i don't think they're going to be able to taper so quickly, because i think they backed themselves into a corner. i think there's a lot bigger issues to deal with here, and that's why we keep getting the stall, and why we can't get the answers that we want from the fed. - will earnings rep

>> i think ben bernanke put the toothpaste back in the tube. i think he'd like to have earlier speeches back where he perhaps spoke too much. he wants to commission us he's not going to buy $85 billion of bonds every month. but he will only stop or slow down when the economy's good enough. but he said it's not quite there yet. >> what i thought was interesting was when he said the unemployment rate underestimates how bad unemployment is. that gave it away right away. saying, look, we're not near our target. so it may be difficult for us to begin the end of the stimulus in september. >> yeah. i think he had in mind this superstorm sandy which added a lot of jobs to the economy and they're probably temporary. investors are in a run down right now. they love quantitative easing. but they also want the economy to grow which would take away qe. so who do you bet for? that's where we find ourselves. >> what about earnings? earnings season underway. you had financial companies reporting. jpmorgan, wells fargo. what are you expecting and what do you se