welcome to "cashin' in." our crew this week is with us. welcome, everybody. a billion bucks and 3,000 troops. michelle, should we use this to fight ebola over there or secure our border over here? >> it's a no-brainer. of course we ought to use money to scute our border. the president said no boots on the ground, but then goes and sends boots on the ground to africa, when we have a crisis happening right here in our backyard. our border is not secure and we have a terrorist organization that is determined to destroy us. secure our borders. spend money there. >> jonathan, what about this? by the way, can we also point out these are troops that are going to africa? not medical personnel? troops. go ahead. >> yeah. that's it, eric. i mean, american soldiers are not humanitarian workers. they're trained to destroy. they're trained to kill. thankfully their role is decimate the enemy and come home. it's wrong -- i don't care how much it costs, it is wrong to use american soldiers in this fashion, trong have them out in the middle of tribal third world africa passi

cashin in, demandin answers. starts right now. >> hi, everyone. welcome to cashin in. our crew this week weighing rogers, jonathan, michelle fields, and ron wilkins. welcome, everybody, as we approach the 13th anniversary of 9/11 attacks on the homeland. isis i getting stronger and get this, 6,000 foreigners here on student visas are m. i. is the white house doing engh to protect the americans and america's economy against another attack? we're going to start with you, jonathan. >> well, eric, we have the military might to destroy jihadism. what we lack is the moral certainty. i mean, isis, hamas, boko haram, hezbollah, anyone seeing a trend here? i highway li think the president is afraid. he uses the term isil because i is afraid to use the term islam. if you can't name the enemy, you can't defeat, it and to say that isis or isil doesn't represent any philosophy explains why we're losing and why militant islam is stronger now than is ever been. >> we jumpo you. you are making a face, but i have to tell you, let's not put the cart before the horse. we have no strategy

. >>> and rush limbaugh, cashin' in starts right now. hi, everyone. welcome in. our crew is here this week. welcome, everybody. isis trying to infiltrate america? don't believe me? take a listen to this exchange from senator mccain and the undersecretary of homeland security. >> haven't there been recent reports on twitter and facebook of messages that would urge infiltration into the united states across our southwestern border? >> yes, sir, there have been twitter, social media exchanges among isil across the globe, speaking about that as a possibility. >> that's just frightening. we are literally leaving the door wide open for the dangerous militants on the planet. your thoughts on this? >> this guy, is a senior official with homeland security. he's denied this. he said, you know, there's no way this is ultimately going to happen. we'll catch them, we'll do all of those things. in the meantime, a journalist tested that theory. he goes down to mexico, comes across a border wearing an osama bin laden mask, and he's not stopped. how crazy can you be? >> that was

. >> "cashin' in" regular michelle fields hitting a nerve. she'll be here in a few minutes. >>> first, support for the legalizing marijuana movement. it might go up in smoke. why that might be a very healthy move for america's future. that's next. "hello. you can go ahead and put your bag right here." "have a nice flight." ♪ music plays ♪ music plays traveling can feel like one big mystery. you're never quite sure what is coming your way. but when you've got an entire company who knows that the fewest cancellations and the most on-time flights are nothing if we can't get your things there, too. it's no wonder more people choose delta than any other airline. >>> national support for legalizing marijuana is dropping. the number of americans backing legalizing it are now in the minority, and, steve, the question is, is the tide turning on legalization of pot? >> it's going to take more than one poll to see if this is a trend. the thing is people are learning from the experience especially in colorado that pot is a dangerous thing. especially whe

. >> "cashin' in" regular michelle fields hitting a nerve.ll be here in a few minutes. >>> first, support for the legalizing marijuana movement. it might go up in smoke. why that might be a very healthy move for america's future. that's next. woman: everyone in the nicu -- all the nurses wanted to watch him when he was there 118 days. everything that you thought was important to you changes in light of having a child that needs you every moment. i wouldn't trade him for the world. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. if you're caring for a child with special needs, our innovative special care program offers strategies that can help. ♪ there's never been a better time to come to bass pro shops than right now. announcer: bass pro shops is the place for huge savings. like select men's thermal crews and flannels - 2 for $20. and rugged, lockable plano storage totes starting at just $10. ♪searching with devotion ♪for a snack that isn't lame ♪but this... ♪takes m

. >> "cashin' in" regular michelle fields hitting a nerve.be here in a few minutes. >>> first, support for the legalizing marijuana movement. it might go up in smoke. why that might be a very healthy move for america's future. that's next. my mother made the best toffee in the world. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. i never really thought i would make money doing what i love. we created legalzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your business dream a reality. at legalzoom.com we put the law on your side. (vo)solver of the slice.pro. teacher of the un-teachable. you lower handicaps... and raise hopes. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. (pro) nice drive. (vo) well played, business pro. well played. go nat

art cashin, ubs. opening bell a few minutes away. don't go away.w that chasing performance can mean lower returns and fewer choices in retirement. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. became big business overnight? ♪ like, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪ imagine a company's future with the future of trading. company profile. a research tool on thinkorswim. from td ameritrade. >>> you are watching cnbc "squawk on the street" live from the financial capital of the world. opening bell in about 90 seconds here. got news on a new ipo this morning. travelport worldwide raising $480 million, pricing it $16 a share. values of that blackstone-backed company at $1.9 bil

art cashin joins us to talk about that and a lot more. good to see you.his has led markets off 15 handles in the past couple days? >> yeah. x somewhat destructive. not all factored in. everybody is looking at that. the cease-fire is being greeted without a huge amount of enthusiasm, because we cynics believe mr. putin is trying to pi time until perhaps temperatures get cooler in europe, and that will give him a stronger hand. so it will ease tensions, because it won't be on the front burner, but i don't knee it will be a solution at all. >> where does that leave the ball between bulls and bears going into next week, and taking into account the jobs number as well? >> the jobs number is another thing. that looked very much like aan nomly and you could see where some of the observers said, well, wait. this isn't fit in with ism et cete cetera, but if you drill down look at the subsets and the fusion indices and other things they indicate it won't be an easy number to throw way. whatever it does, it sends yellen back up to the watchtower. got wait another in

. >> buzz on the pricing from cashin. a report that morningstar sees the shares fairly valued at $9. surprised they didn't go higher. echos what you judge just said. >> $80, $82 to $88. $88 people are free to sell. not be punished. >> a perfect offering. they priced the high end of the range. many say they could have gone higher. $68 opening at maybe $80. then working its way up during the course of the day. >> that's pretty much. >> it's possible. it becomes common parlance. $88. >> that's jimmy lee there. that was him standing right behind him. one of the underwriters at jpmorgan. >> talking a high price. >> that's going to be the mission for the next few hours. there is the opening bell. and alibaba, the much-anticipated ipo today on the podium. eight alibaba customers, including an american cherry farmer and a chinese gold medalist olympian who has business in china. we are going to talk to jack ma in just a few minutes as we await the opening trade on this name. by the way, guys, the anticipated market value here, sa

you had art cashin on. always a big draw on the website.to that video, hit a button on it, click and it will add to a customized play list you can watch later. people should check it out. there you go. >> are you wearing a kilt? >> yes, i am. i'm doing it in solidarity with my celtic brothers. i've got a lot of scotch in my family. i'm not telling them how to vote. i'm just supporting their right to vote. >> people say scotland is a winner. >> i was going to say there is a lot of scotch in my family, but a different sort of scotch. >> allen, you look good. you should wear that every day. >> 90% turnout expected. might not be the last vote. allen, thanks a lot. when we come back, the former chairman of the council of economic advisors martin feldstein will weigh in on janet yellen and the fed decision. this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain... ...it may ca

art cashin will break it down. relief. a cure.elieve every life deserves world-class care. as one of the top four hospitals in the nation, over 100,000 people from around the world come to cleveland clinic for care each year. and we're ready for you with a second opinion or a same-day appointment today today today and everyday. call today, for an appointment today. whenwork with equity experts who work with regional experts who work with portfolio management experts that's when expertise happens. mfs. because there is no expertise without collaboration. this is kathleen. setting up the perfect wedding day begins with arthritis pain and two pills. afternoon arrives and feeling good, but her knee pain returns... that's two more pills. the evening's event brings laughter, joy, and more pain... when jamie says... what's that like six pills today? yeah... i can take 2 aleve for all day relief. really, and... and that's it. this is kathleen... for my arthritis pain, i now choose aleve. get all day arthritis pain relief with an easy-open

. >>> and rush limbaugh, cashin' in starts right now.

art cashin saying they need to hold the 1967 mark but it's testing it right now.daq composite off almost 2% on the trading session. ty, the yield on the 10-year 2.50%. >> bumpy end to the end of september. >> "street signs" begins now. >>> well, here yesterday, gone today. stocks tumbling on growth turns around the globe. none of the dow 30 higher but what's different one day later? mandy, we have a chart to make you think differently about the sell enough. >> i'm sure it will. we are all over the accelerated market selloff. bertha, bob, rick is all in place. bertha, we start with you where the nasdaq is having the worst day since july. >> yeah. it's a big cap story. earlier in the w

art cashin will join us next.th equity experts who work with regional experts that's when expertise happens. mfs. because there is no expertise without collaboration. >>> markets are slightly lower. this is always a tough day but we get through it what do we make of the inactivity, number of days we have not had a dramatic move. is this time different? >> i think people are still concerned about the general complexities. we've got geopolitical events and near geopolitical events. markets seem to shrug them off for now looked like we were setting up for a little bit of a topping process over the past several days with the way the market acted. they threw us a curve. we are back at that very important 1990 level. >> is that where the line was? >> it has been. it was key support. they broke it. they got down to about 1982 or so where they didn't break 1980. it was like a one-two domino you need to get done. it was unresolved. >> i'm sorry, the action is in the currency market. dollar/yen back to $1.07. as a result yo

welcome to "cashin' in." the crew, wayne rogers, jonathan, michelle and jessica. welcome, everybody. are we safe from terrorists right here in america? >> we have not yet detected speck plotting against our homeland. >> the intelligence community has not yet detected speck plotting against the u.s. homeland. >> there is no evidence to indicate that isil right now is actively plotting to hit the homeland. >> the white house says no credible threat here in the homeland but we know isis is recruiting terrorists to attack us right here on our soil, and this guy just got busted recruiting gjihadists right her in the u.s., while the administration birs its head in the sand we know how to find terrorists among us. profile, profile, profile. most croft topic we'vin done here, but isn't it time to profile? >> eric, absolutely.vzx makes common sense. if you're looking for a fuvti v fugitive a white male over 50 years of age you're going to profile. look for that person. you're not going to look for somebody who's 21. yes, absolutely you should profile. got to profile. a de

the number one business block continues with my buddy eric bowling and "cashin in." >>> isis spreading like a deadly disease and president obama sounding like he wants to put a band-aid on the cancer. first he said this. >> we don't have a strategy yet. >> and now this. >> it is a manageable problem. as the 9/11 anniversary nears the president wants to make t isis crisis a manageable problem. well, maybe you dn't get the memo this new memo, thousands of foreigners are here on student visas. they vanished into tn air. it's our government asleep at the wheel and putting our lives and livelihood in danger. plus. >> they're grabbing us by the hair and pulling us back. >> the dnc chairwoman accusing

you don't have to worry about corporate issues and -- >> and i leaned on art cashin because he said, they're going to hold this deal at $90. when it got down $90, i added to the call spreads i already had in yahoo!. don't have anything in alibaba. but i added more call spreads. i expect to see this mid-40s, up to 50. and because of that i added to it a lot better -- >> a lot more talk on "options action." shameless plug. for more on the stock, let's bring in rosenblatt securities martin. >> good to be here. >> i know you said alibaba is a good value, good deal. do you still feel that it surged in its opening day to $93.89? >> it's interesting when you look at the valuation, but where it was initially priced it was about fair value to amazon and facebook. i think those are relevant comparisons, at least as good as we can get. where it closed the day, it's about 30% premium to those. but, you know, the road map here and the runway and so forth in china they can execute on, they can grow into that valuation. i think an interesting context here when facebook went public relative to googl

. >> art cashin said it was a technical level. courtney reagan back at hq with more. >> that's right. so ford sharply lower on comments of investor day conference and a lot of deal chatter today. let's start with vista equity buying and a deal. tibco shares soaring. dreamworks surging. finally shares of medtronnic falling around 1%. reportedly looking to renegotiate the terms of $43 billion deal with ireland's company in response to new u.s. tax rules to make it more expensive. back to you. >> thank you very much. >>> let's talk a bit more about the monkey wrench in the medtronnic deal, for example. >> with us now, les funkwire and meg tarrell all over the story. bring us up to speed here in light of the rules from the treasury, is the deal in trouble? >> it's a question market. medtronic is one of about five in the space trying to invert and unclear how to affect all of them but a reuters report out today and analysts speculating that they could try to renegotiate the terms of its deal. if it can't get the tax benefits and maybe

art cashin was telling us that there is no bias up or down toward the close here.pretty much paired off any of the last-minute orders right now and the dow up 56 and the nasdaq up 33. joining me right now, a look at the markets. abigail doolittle and tom forester. what are we waiting for do you think? >> well, you know, i think the markets are starting to look at qe coming and. one of our concerns out there. basically next month. winds down. the fed's been pumping money for quite sometime and we think it boosted markets tremendously. we'll see what happens once it finishes. probably know in another two months. >> a lot of buzz, abigail, of the alibaba ipo, the roadshow began this year. it's oversubscribed and going to be the biggest ipo in history. for you that raises a warning flag, though, doesn't it? >> it does. may come as a surprise. it's not about calling a market top but the likely downside reaction out of the frothy bull market. that being said, this ipo seems so hot. hard to think it's not a market top signal. it tells us that mart people on the inside are

. >> art cashin signaled the bias is flat. neither up or down at this point.ket's holding steady. >>> listen up. the russell 2000 of small cap stocks may be sending investors a very important signal. we'll break it down for you coming up in a moment. stay with us. financial noise financial noise financial noise but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> going to be a squeaker. the dow sitting virtually -- well, now below the all-time highs. so right now -- >> slipping away. >> watching carefully to see if we can finish at an all-time high. 17,138 and change. >> as people try to glean signals, the russell may be sending an important one. dom chu, not a good sign. the one you're watching, is it? >> this is a basic concept within t

i haven't heard or seen art cashin in a little bit. clearly we have been coming off the lows this last hour and down 77 points on the industrial average right now. >>> coming up, is the new apple iphone 6 plus giving the ceo a headache? some say it's a big problem. more on that later. but what if you could see more of what you wanted to know? with fidelity's new active trader pro investing platform, the information that's important to you is all in one place, so finding more insight is easier. it's your idea powered by active trader pro. another way fidelity gives you a more powerful investing experience. call our specialists today to get up and running. >>> so another down day at the nasdaq in particular. not as bad as yesterday. but let's get out to the times square base exchange and check in with morgan brennan keeping house there. >> that's right. 4418 with the nasdaq as we come into the close, if we hit that, that's a five-week low for the index. we are down nine points. two tech names bucking the trend today, facebook up over 1%.

art cashin saying watch it.it for this friday and raises questions in tandem of interest rates of next week and straight to it with the panel. joining me is zachary, erin, and robert and tim seymour and michelle caruso cabrera. this is a better and better house in a worse and worse neighborhood as they say. >> yeah. remember, september can happen. august 30th we would be worried about the worst month of the year for markets. looking at the u.s. and think with the dollar which is giving a lot of royal in the markets and what you are talking about. if you look at the central bank differentials or the diver intelligence in policy, it is making a weaker yen and a weaker euro which is what both those central banks want much easier to do and weighing on volatility. interest rates going higher. when's good here is not great for global markets in the short run. long run, very good and i think while the dollar can continue to rally, i think all of this sets up far week where we're overdone on the dollar, rates. you might

we are coming back a little bit, heard from art cashin that there was a lot to buy on the close, maye one of the reasons we are starting to see a little bit of levitation here, the dow still down a hefty 226 points or one and a third percent. >> nasdaq, bertha coombs, off today 2%? >> yeah, it's been 2%. that has been led by apple, the story today as goes apple, the worst performing sector in the s & p 500 and certainly the nasdaq 100 today has been among the leading sectors to the downside because of apple's massive weight. the big apple today, you could say, it has caused about 16 to 18 points to the downside, depending on trading. apple, meantime, has not traded below $98 or closed below $98 since september 9th, date before they announced theism phone 6, effectively seeing the shares give up all of the gains since the launch of the iphone 6 with all of the issues that have arisen since then. but a couple of stocks, we are seeing a little bit of buying, have come into the green, lifted up a little bit off of the lows, broad com one of them, lower much of the day the ceo in an inter

remember art cashin said 1967 to 1969, a level he's watching because it could indicate a september or below that level. that would be scary because you know what happens or what's happened historically in a september or an october? josh brown? >> yeah. 1967, 1969 both good years for bojolet. >> thanks for some levity. >> when we talk technicals, it is important to remember they're not made-up numbers. these are numbers where buyers and sellers have had -- i don't want to say a dispute but where they tend to cluster around these levels, whether there's first support. and then resistance or vice versa and noteworthy. however, a lot of the action this year has been gap ups and gap downs where we have totally disregarded these quote/unquote risk levels or important levels so i try not to get too carried away with watching and obsessing over these things. >> okay. let's do the final trade here. >> i like macy's. i like what the company's doing. the stock is very cheap. >> pete? >> josh, i would have pegged you to be a wine guy. i'm a cab guy myself. >> nouveau, let's be clear. >> trade out

how we are finishing up the day on wall street, the dow trying to turn positive at the close, art cashing there were considerable buy orders about you going out with a decline of 20. the s & p, higher by a point and a half, the nasdaq adding five. so, overall, a mixed day. let bring in today's panel. joining me now, tom joyce, former chairman of nightcap tall is here along with our very own sarah even and cnbc contributor, john hang in nairian joining us, "fast money" trader, guy adami. welcome one and all. najarian j money" trader, guy adami. welcome one and all. do you see signs that we could be heading for more weakness, more choppiness? >> and look at germany, came almost all the way back. so, our market, you know, was approaching triple-digit, looked like it was going to be pretty ugly this morning, fought its way, almost -- well, fought its way all the way back, but didn't close in the black. but i see more things to be positive about here, kelly, than i see to be negative, as far as how the market reacted, how the buyers didn't desert, didn't just go running for cover, instead the

art cashin pointing out that it could be based on yesterday's san francisco fed paper cautioning thated might lift rates sooner than later and see the yield on the 10-year note at 2.5% and that's off of the highs of the trading session so you're up to date on the bond market. let's go back out to carl in cupertino. carl? >> just there on the camera elements, they're making a big deal. faster auto focus. two times the previous generation. john mentioned the 8 mega pixel, the eyesight camera. let's you make pictures in lower light. a flash calling a true tone flash. and then on the 6 plus, guys, an optical image stabilization lets you take better, sharper photos in lower light and burst photos where you take a picture, it detects smiles and blinks and then allows you to take the best photo of a series of photos of that shot. by the way, phil shiller just said he thinks the iphone is the world east most popular camcorder. a lot more still to come and see if the iwatch is coming when the coverage of the apple launch continues live from cupertino. wait, wait, wait, it's wait, wait, wait...

tomorrow be sure to catch my show "cashin in" at 11:30 a.m. here on the fox news channel. again, thanks for watching tonight. "the kelly file" is next. please remember the spin stops here because we are looking out for you. >>> breaking tonight, the air campaign against syria is already in serious trouble before it even begins. congressional sources tell "the kelly file" tonight the president may not be able to fund this war due to doubts about the mission. this as we learn that the broad coalition the president promised is apparently anything but. welcome to "the kelly file" everyone. i'm megyn kelly. it is less than 48 hours since president obama rolled out his plan for taking on the terror army known as the islamic state. and we are seeing significant problems already with the president's plan. first, reports of growing uneasiness on capitol hill about backing the president's war plans. both dovish de

art cashin saying they need to hold the 1967 mark but it's testing it right now. and the nasdaq composite off almost 2% on the trading session. ty, the yield on the 10-year 2.50%. >> bumpy end to the end of september. >> "street signs" begins now. >>> well, here yesterday, gone today. stocks tumbling on growth turns around the globe. none of the dow 30 higher but what's different one day later? mandy, we have a chart to make you think differently about the sell enough. >> i'm sure it will. we are all over the accelerated market selloff. bertha, bob, rick is all in place. bertha, we start with you where the nasdaq is having the worst day since july. >> yeah. it's a big cap story. earlier in the week it was all about the small caps that were leading the way lower. but today the small caps in line with the overall market and it's the nasdaq 100, the big cap that's really moving things lower and the reason for that, of course, is apple. apple responsible for about 20% of that decline. mark newton at grey womlf says ndx level is 4006. below that he would be very bearis

is getting right now is based upon i think art cashin talking to us on friday and said look, keep an eye on the $90 level for alibaba. if you get that level and it cracks through there then you've got a little room to the downside. don't forget this was priced at 68 by a lot of folks out there, the underwriters, for this to be a successful ipo. i don't think it tests 68 but that gives you a little idea of what the bankers were thinking going into this. >> as i mentioned at the very top the names that are selling off today, i'll go down the list whether it's yahoo! at more than 5%, tesla is down pretty sharply today, trip adviser, netflix, amazon, liberty media, wynn, others on the list. i could keep going. a lot of damage across the board today. >> yeah. at least for me personally, i like to measure sentiment and sentiment is difficult to measure because there's not a pure metric you could follow for it. in reality when you think about it, last week what i would classify as a tremendous amount of great news. you had apple, you had alibaba, you had scotland no vote, t the fomc, basica

we hit the number, 1964 level, as you heard from art cashin last week on the podium, bounced off that number and ricocheted, led by the high p/e numbers, the semiconductor stocks, all helped lead the charge, but the fact of the matter is until the buy the dip mentality is proven wrong that is not a trend you want to get in front of. we're going to let them drop where it feels they run out of steam to the downside and people will step in to buy the dip. that trade has not failed yet. >> hasn't failed. people grow nervous. you have s&p puts. >> yeah. >> you become more nervous on the market and ben willis makes a great point. >> buy the dip has not proven to be a bad strategy yet. >> not proven to be a bad strategy over the last four to five years. but there are trades and investments and the market likes to see in terms of a trade a trend. we had a trend going into alibaba. that friday. we got to 2019. at that moment that was the time to be putting on hedged positions bearishly. 2.5% decline from there. the the ig to do now is to get smaller and await what potentially could be the next

that's as art cashin pointed out three times the loss on the s&p this morning.the biggest loser. it was downgraded by morgan stanley, but there is a creeping sense among some he on the floor perhaps, kayla, there is some as carbon says a pre-alibaba setup maybe trying to raise funds to get a piece of the ipo or something else. >> or the fact that the valuations had gotten ahead of themselves, the momentum sell-off became the momentum correction and we are seeing some air taken out of these stocks. there will be a rebalances of portfolios this week no question about that. >> absolutely. when we come back, microsoft finalizing the $2.5 billion deal for the creator of minecraft. we'll go behind it and see what it means for microsoft in a moment. rick santelli, what you watching today? >> we're watching yields but we always try to keep it simple. some of the easy technologies have kept you from being on the wrong side of the marketplace. think 245 with tens. that's changed. now we're going to shift a different part of the curve to give you the simple answer to where

art cashin telling us coming off an expiration friday you tend to get a dip, about 3 to 5%. we'll see whether all that supply from alibaba, for instance, that cramer was mentioning means the market in cramer's word has to cool it off a little bit. >> but that's a specific type of money manager a large cap tech stock holder. what is interesting to a lot of people the move in the russell. a big story in the "wall street journal" about the russell valuation. forward earnings about 20 times which is much richer than the valuation for the overall market and the russell does tend to take a more serious cool off period when the market does pull back and the russell even as we're seeing, the firming in the overall stock market, that's not seeing the bounce we're seeing overall. theres is this expectation maybe small caps as well as the bond market could continue to diverge. >> data hasn't been too bad. personal income and spending was good. in real terms spending the best number in about five months. in the world of tech first up apple under investigation in europe over allegations

of course, central banks had a human part in the central discussion this morning, and art cashin saidlooking to do what they are going to do, and the bank of japan did nothing, keeping things constant, bank of england stay k con stability, asset purchase plan in place as well, and the european central bank doing what was anticipated in lowering interest rates, three benchmark rates coming down by 3 points a piece, lowering of rates, and they'll buy bonds, avs, that had an effect, though, on european markets. see with the german dax, a spike higher after the ecb announcement. we are now back down off the session highs, but, still, you can see what happened there. same thing happened to the futures market here, a nice spike higher as well, and then a little bit lower. on the macro side of things continuing on that front, the euro in focus, and interesting when stock traders talk about euros and rates and macros. a one-year low against the u.s. dollar, and, europe, got me thinking about taking a european vacation and capitalizing on euros for the time being. look at the dollar, dollar st

art cashin said the bias to the close is to the downside.tay tuned. >>> and our jackie deangelis at the nasdaq with the latest goings on there. with a good day for that offering of cyberark. >> that's right. action-packed day here at the nasdaq. watching the nasdaq composite and the nasdaq 100. up about 1% today. of course, erasing yesterday's losses and the best day that we have seen from the nasdaq since august 18th. good day and i want to point out apple is kind of a wallflower here down about 1% on the day. but bed bath & beyond with a monster move today up more than 7% after a beat and a raise. many of the retail names following suit here. you had deloitte with a report of retail holiday sales better than last year and investors seemed to like that. the bio techs did really well today, as well. gillead sciences and vertex pharmaceuticals there. >> thank you very much. we're coming back with the closing. time for the closing countdown already with the dow up 157 points. >> and after the bell, the iphone 6 does a lot but did you know that

. >> art cashin signaled to me flat to the close. no bias up or down heading to the closing bell. >>> u.s. economy firing on most cylinders. moody's chief economist says he sees the good times rolling along. he states his case coming up here. a simple question:people in retirement, will you have enough money to live life on your terms? i sure hope so. with healthcare costs, who knows. umm... everyone has retirement questions. so ameriprise created the exclusive confident retirement approach. now you and your ameripise advisor.... can get the real answers you need. start building your confident retirement today. means keeping seven billion ctransactions flowing.g, and when weather hits, it's data mayhem. but airlines running hp end-to-end solutions are always calm during a storm. so if your business deals with the unexpected, hp big data and cloud solutions make sure you always know what's coming - and are ready for it. make it matter. everyone is looking for ways while to cut expenses.s unique, and that's where pg&e's online business

. >> art cashin just signaled the bias toward the close is to the downside.have about $400 million to sell in terms of equities. so we could see a little bit more downward pressure here as we head toward the close. >> and i have to wonder, jim bianco, given the fact that people have said -- peter boockvar has been pointing it out, there's this divergence, the bond market is taking its cue from the dots. stocks from the statement here -- now that we've come significantly off the highs, do you think it is going to be a hawkish thing -- >> no, it's not going to be hawkish. but the bond market interprets it differently than the stock market. if you have a stimulative fed and they are going to be easing for longer, that usually tends to be bearish for the bond market because the bond market starts worrying more about inflation, worries more about growth. and that's why you tend to see the bond market go up in yield while the stock market tends to go up as well, too. just real quick on what steve was talking about, about the growth rate being 3% to the end of the y

art cashin told us that the bias was the side on the close, evidencing itself, the highs of the day, the dow up 111 points. >> s & p 2011. alibaba ready to price its initial public offering. after the bell, we will bring you that figure the second it hits wall street. don't go anywhere. >>> don't miss our special report on student debt surging among an unlikely demographic, that would be the retiring baby boomers. former massachusetts congressman barney frank, our own larry kudlow will weigh in during the next hour of our show. how would they fix the growing are student debt crisis? they are not exactly shy, as you know, with their opinions. we look forward to that conversation coming up on "the closing bell." chces in retirem. know that proper allocation could help increase returns so you can enjoy that second home sooner. know the right financial planning can help you save for college and retirement. know where you stand with pnc total insight. a new investing and banking experience with personalized guidance and online tools. visit a branch, call or go online today. i make a lot o