"cashin' in" starting right now. have a wonderful weekend. >> is the real insanity believing the government won't go overbudget and turn this into a multi-trillion dollar boondoggle? plus prostitutes an pimps funned by your tax dollars. >> are you a hooker? i thought i was on a date with you. >> acorn stripped of federal cash, but wait until you hear of another group still on the public dime. a "cashin' in "investigation you can't afford to miss andayñ?ñ? s regaining power across america. >> i will do what i have to do to get the union back! >> the president with his biggest push yet for organized labor, but is he really pushing more jobs out of america? all that, and oprah on the ropes. she's losing her audience fast. what's her plan to get it back? it's the billion dollar strategy everyone can take a lesson from. your money, your life, your show to stay ahead of the game. "cashin' in" starts right now. >> a full-court press this weekend to sell the president's $856 billion health bill. democrats tout how inexpensiv

. >> "cashin' in" now. >> today, forcing americans to pay for insurance, whether they want it or not. the president wants to find the holdout but is a better fix just making them pay out of their pockets for the care they get after an accident? >> plus, big brother for big kids. >> let's put on our try hard helmets and lose weight. >> chubby children being forceed into fat camps. will that be next in uncle sam is in charge of healthcare costs? >> an,er there's still $400 billion left of the stimulus cash. >> we just want the money! >> could all of it be spent in one place? it's a shocker you won't hear anywhere else, all that and wayne rogers is sounding the outrage alert. another financial crisis caused by banks behaving badly. wayne's uncovered the details. find out what they're doing this time and how you can stop t your money, your life, your show to stay ahead of the game, "cashin' in" starts right now. >> thousands take to the d.c. streets protesting massive government spending and the idea of massive government healthcare. many blasting democrats' new plan forcing folks to pay

"cashin' in" starts right now. >> mr. chairman, i'm not delaying. i'm making an extremely important point. >> it is very important point but you are delaying. terry: tempers flaring as fighting over the healthcare bill hits a boiling point pushing the global warming bill to the back burner and someone here says that is helping save our economy. our crew this week jonathan hoenig. tracy byrnes with hourld gou ho. this has put climate thank on the back burner. >> but the economy doesn't want to hear we are going to spend more money and dip into the coffers that much more. the studies differ on how much it will eat g.d.p. but we should be concerned about that not the mention this is a reaggressive tax. regardless of the size it will hit the middle class the hardest. the group that president obama said he would rye to help. -- try to help so i would say they are done. reid said i don't want to deal with this so let's go with that. >> it on the back burner but you know it come back up. >> it will be back up. in the next two months we have the largest cli

art cashin hat, michael. down 10,000. it's well worn in because it was a long time ago the first time we hit dow 10,000. are we going the hit it again very soon? >> i interviewed this morning with bob doll that i thought was interesting, talking about how risk assets are still in play. that's certainly the case if i think there is momentum build that the market is starting to recognize that the economy is at least -- at least stabilizing. we'll see what earnings look like next quarter. i think generally speaking, the trajectory is going to be flat to upward. we might have a bump down, but i think it's generally flat to upward. >> what do you say, dan? >> well, i think it's more of a traders market than an investors market. i'm seeing lot of significant play right now. for instance, one of the things we watch on the microside is the shipping industry. the fleets right now are 15% laid up. and most of those are laid up coal, meaning all of their services are cut off. >> 13% of the ships that can ship are empty and cut off.

cashin' in is willing to tell you the truth about this but first, our economy needs more czars, a flip side that will have you flipping out. >> from america's news headquarters i'm kelly wright. new developments in the murder case of yale grad student annie le. the murderer had reportedly tow add car from cromwell connecticut where ray mons clark was -- where raymond clark was arrest ared. he. clark has not confessed to the crime. a manhunt is underway for a criminally insane killer in washington. hes escaped to the spokane county interstate fair and authorities warned the longer he goes without his meds, well, the more dangerous he could become. he brutally murdered an elderly couple in the '80's and was committed after being acquitted by reason of insanity. forbes on fox are returns now. for the latest headlines log on to foxnews.com. >> to the czar wars! lawmakers on both sides of the aisle telling him to cool it with the czars but neil says our economy needs more of them. neil, make the case. that's a tough one. >> there's nothing wrong with czars. it's just a bureaucrat. the only

let's head back to the floor of the new york stock exchange where art cashin is standing by. >> art cashinllo, sir. it's great to see you. we heard from rick a little earlier today. he gave the treasury auction an "a" for how it went off today. what's the thought on the floor of the stock exchange? >> the floor of the stock exchange is kind of range bound right here. we rallied, took the s&p into the early resistance up around 1023, 1027, the intraday high was 1026 and then pulled back to about 1018 and we've been zigzagging in that range ever since. the run rate at ten was for 1.8 billion share day. right now it's 1.1. maybe we'll be lucky to make a billion. >> we watched gold push above $1,000? do you think there's something behind this run to gold? >> it's all the dollar. i mean, you look at oil is up 3 bucks. gold is up. i think there's a variety of things, but it's primarily the weakness in the dollar. the dollar made a new low for the year against a basket of currencies. it's all put the money somewhere else. i just pointed out to some friends, people talk about the weak dollar being

right now we are joined by art cashin, director of floor operations at ubs. art, the big story of the day seems to be china. how do you interpret this? doesn't seem like a smart move for the u.s. to be antagonizing, to fund all sorts of things we want to do here. >> there are two theories on it. number one, it is a bad move and it is beginning of a minor -- hopefully minor tariff war. but on the other side of it some people think it's really an attention getter, a shot across the bough to get the chinese to sit down for broader trade talks and work out some possible deal. we'll probably know by the end of the week which it is. but, you're right, it has the e market disturbed. >> that's the reason why the futures are sharply down this morning. >> yes. and a couple of things coming out of the japan indicate that maybe things aren't going as swimmingly with the new government coming in. so we'll wait and see. but clear topic of the morning is that tariff hike. >> there's also some skepticism creeping into the market. they said the summer and september of disbeli

bob pisani and art cashin are with us. >> it's funny, the speech itself curiously did not elicit much interest from the trading community. the general feeling was the reason it happened is health care reform is totally overshadowed financial regulatory reform.. i think the important thing is there is an awful lot of support for financial regulatory reform amongst the general population. a lot of the more savvy traders think the president is setting us up for a push on regulatory reform later after health care passes. i guess art, the question i have is how do you do regulatory reform when it's not even clear what form the banking industry is ultimately going to take?? it's a tricky thing to accomplish, isn't it? >> looks like we have an issue with art's microphone. we'll work on that. bob, as we do, what is the gossip on the floor that he didn't come over and visit? people want to read something into that. he could still come. he's not leaving until after 3:00. >> i think people wanted him to come here because it would be logical. it was 200 feet across the street. i'm sure you should

joining us is art cashin, director of floor operations at ubs financial services. you can't witness that moment of silence, art, without thinking back, especially wall street, the stock exchange, the world trade center. it was all so linked at the time. i remember being on the air and everything. it's hard to go right into the trader's edge with art cashin right after that, but i'm going to try. how do you want to start out? >> certainly, i remember, joe, for weeks after, the only sniling faces on wall street were the photographs in the missing posters what the families put up trying to look for people. and absolutely dreadful time. it will never leave any of us who were down here at the time. despite others trying to move on, i think it's something that's going to last down here for a long time. >> yes. >> away from that, i'm still so much skeptical about this. i took some money off the table, as i told you, about a week and a half, two weeks ago. didn't take it all off. may take some more off if they keep going. there's just some eerie things about this. it's rem

joining us is art cashin, director of floor operations at ubs financial services.quadruple witching, you probably heard the great songs we are playing, art. do you have a favorite? >> "ding dong the witch is dead." >> try to sing that. i don't know. eventually as people start talking about 10,000, we're going to build up some of that positive sentiment, i think, art, don't you? >> yeah. i think you are. you know, obviously today is the i expirati expiration. i don't know why it popped into my mind but do you recall the charles manson trial and he stood up and started singing that old black magic in the middle of the trial? and the judge had to silence him. >> it's funny that you members him because yesterday i x'd someone from my world. there's a lot of references from that. you've got to be older to remember them. >> i fit that category. >> yeah, so do i. i just wonder, art, how this ends, some of the good things happening. we talked with dennis gartman that you've got to watch gold because the dollar could have a reflex rally because everybody is short. i wonder

joining us is art cashin, director of floor operations at ubs. art, what was yesterday?all about the dollar again. i think they initially misread part of the thrust of the fed statement. and the dollar began to weaken. that allowed stocks to rally. we got the plus 80. dollar turned on a dime, so did everything else immediately after. so the dollar continues to call a tune here in the financial markets. >> really? even with the claims number, that might not last until 4:00, that low? >> that's a very critical thing. yesterday was a near textbook reversal. you took out the prior day's highs. in fact, you made multi-month highs as dennis gartman points out. you did it in higher volume. now, that set up two potential scenarios coming into the claims. one was if you open weaker, you could be setting up a gap trading, gapping down. or now that we've got decent news from the claims, you start out with a rally and it becomes dr critical that you hold on to plus territory. it gives much more significance to what happened yesterday. >> i guess unlike a lot of around numbers, every

art cashin will give us the trader's edge right after this.$ >>> i'm very disappointed in today's vote, but leaders on both sides of the aisle have worked very hard. i've spoken to them and i know they share my great disappointment. >> that was then treasury secretary hank paulson comment ing after congress voted down a measure to protect the financial system during the crisis last september. that action led to a nearly 800 point fall on the dow on september 29, 2008. joining us right now is art cashin, the director of floor operations at ubs financial services. art, we all remember this day well. you watched this on the floor. it seemed like trading stopped because people were watch iing that vote come in. >> absolutely. they all stood in front of the tv screens looking at cnbc, you were broadcasting the count live and they watched it. then there was this great sense of disbelief when the thing got voted down. it was kind of like being on a ship that's in trouble and racing up to look in the wheelhouse an seeing the captain and the officers p

next art cashin is ready for action. he'll set up the weekend ahead. we'll be right back.algae for 35 years. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big commitment to finding out... just how much algae can help to meet... the fuel demands of the world. >>> time for trader's edge with art cashin at ubs financial. you've thrown solar eclipse, ramadan, you have thrown everything at the markets that you can possibly come up with, it has never corrected t has not done it. >> whoa, whoa, whoa, not everything i can come up with. >> you got more, but when do you say it's passed every test and headed higher? >> it certainly did well, we got two ramadan, an assassination attempt in saudi arabia that failed luckily and if that had not, things might

we'll get the traders edge with art cashin ahead.heck on the dollar when it goes down and everything else goes up. happening again today. "squawk box" will be right back. tdd#: 1-800-345-2550 if i'm breathing, i'm thinking about trading. tdd#: 1-800-345-2550 i always have my eye out for a stock on the move. tdd#: 1-800-345-2550 doesn't matter if a company sells computer chips tdd#: 1-800-345-2550 or, i don't know, fish and chips. tdd#: 1-800-345-2550 i'll look at all kinds of stocks before i settle on one. tdd#: 1-800-345-2550 if i think i'm onto something i'll check it out, tdd#: 1-800-345-2550 you know, see what other traders are up to. tdd#: 1-800-345-2550 when everything feels right though, tdd#: 1-800-345-2550 that's when i get serious. tdd#: 1-800-345-2550 and the minute i get into something, tdd#: 1-800-345-2550 i already know when i want to get out. tdd#: 1-800-345-2550 of course, every now and then i'll talk with somebody tdd#: 1-800-345-2550 who knows what i'm trying to do. tdd#: 1-800-345-2550 (announcer) switch to schwab

we heard from art cashin who says it's a little hard to figure out at this point and he needs to do more work before giving us specifics. >> flowery or -- i've heard in the past, no country in the history of the world has ever flourished by dividing its currency. but for some reason that is what's helping the stock market. it can't go on forever. fits orderly, they say, but it's definitely something that it can turn around and bite you just as quickly as it -- it can be a headwind as quickly as it was a tail wind. something that people are going to watch closely. i don't know how much further you want this dollar to go down before you start worrying about all the markets. >> something the markets are watching today. that does it for us. make sure you join us on monday. "squawk on the street" is next. >>> this is cnbc.com news now. >> a changing of the guard at morgan stanley, john mack staying on as chair but stepping down as the wall street giant ce oerks, one of the firm's president james gorman will succeed him in that role january 1st. >>> china reporting stimulus spending boost outp

let's bring in the man himself, art cashin, is here today. direct irof floor operations at ubs. so there's some jewish -- >> there's an old wall street folklore that you sell them on rash hash shana and buy them back on yom kip pupur. other thing is people are going to be watching the dollar. mr. zelik from the world bank may be raising the question of the reserve currency and the dollar status. and we'll see. >> you've got a couple of deals today. they're not huge. xerox is probably the biggest. drug deals as well. and the markets are drifting higher here today. there still feels like a lot of fear though. how do you balance it all out? are all the investors going to be wrong? >> i think it is going to be tough. what you will see is how the market will go through this week. what happened last week could have been critical or it might just have been a speed bump and we lost a hubcap on it. we'll see if there's any real damage to the car. >> thanks very much. talk to you soon. erin, back to you. >>> let's get the buzz from beyond the big board. chief market analyst at evergreen i