cablevision systems. this big surprises me a little bit. >> so much debt.n, i am expecting that there will be consolidation amongst the cable companies. at the same time, we are starting to see and doing all work in terms of where the money is coming in. when it comes to elections and election seasons, cablevision, they're going to be winners. so go where the money is going to go, and that's how you're going to make money in the market. cheryl: thank you very much. appreciate it. you have more stock picks. we will post all of her stock picks. gerriwillis.com after the show. we'll be right back with our answer to the question of the day, the best way to reduce the federal deficit. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you nee

this morning cablevision taking out half a billion dollar and 8 1/2% debt which is going to be a lotaper on paper. it goes on every single day. the balance sheet repair, not even the repair but how additive it can be for corporate america. something we shouldn't lose sight of. >> and the volume in the past week or two, some historic levels. just incredible. >> and money keeps moving into high yields. >> what's on tonight. >> we're trading the fed. you think you want to buy gold, silver? not so fast. the traders will give you the latest off what ben bernanke says later this afternoon and we'll have more on any's. >> mac 'n' cheese for all the traders? >> for everyone. >>> if you're just joining us this morning, here's what you missed earlier on. >>> welcome to hour three of "squawk" on the street. here's what's happening so far. >> we will have another bull equity market. i mean i'm the other way. what i worry about today in terms of the market is the fixed income market. >> we cannot allow that whole part of the world to unravel the way it is proceeding to do now because of a lack of

. >> take a look on a cablevision. i remarked on it last week. >> three and change.e investment and on the canvas not that long ago. now they're raising money. kimco, and we had a discussion once about whether they were being amazoned at 15 and look at the stock at 20. >> not being amazoned anymore when you see ross stores and bed bath & beyond and whole foods which is expanding at this time. >> the dollar stocks being hit here. is there a trade up going on? >> kohl's this morning saying it's going to hire 10% more workers than it did seasonally a year ago. up 10%. jc penney with a big investor briefing led by rob johnson. >> the stock's been hot. no denying that the stock has been a rocket ship. >> let's check in with brian shactman, he's in for bob pisani. >> good morning, melissa. the dow might be going negative while i'm talking been it's only up about a point. the s&p did just go negative, traders talking about what is the next major catalyst in the market? post qe 3 or will we have to wait for the election or the next job report? we talked a lot about japan eas