this is a cnbc special report. dow, all time high. >> good evening everyone. cnbc's special coverage continues. >> five years after the bottom the market erases it's losses. >> tonight we answer the questions being asked from wall street to main street. is there more to come and did i miss it. >> and there was a stir on the floor as we hit the all time high. it has been a long strange trip and it was not at all obvious that we would be hitting record highs during the dark days of 2008 and 2009. the dow jones industrial average known as much for making great fortunes as it is for nile l annihilating them as whipped saws drops and rallies. >> rallying on the day. >> shooting to on october 9, of 2007 and then dropping 50% in march 2009 on the heels of the crisis. >> and if you are not annoyed about it. you don't have your heart in this. the dow went straight up passing 10,000 in october a gain of 53%. >> the dow jones industrial average closes at 10,000. >> we saw panic. guys came into buy fogold. the market took off again when fed chairman ben bernanke pledged t

this is "street signs" on cnbc. >>> the cnbc real-time market snapshot is sponsored by --.cer) scottrade knows our clients trade and invest their own way. with scottrade's smart text, i can quy 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 services company." otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. because planes use less fuel, spend less time on the ground and more time in the air. suddenly, faraway places don't seem so...far away. ♪ >>> welcome back to a special edition of "street signs" on cnbc. we have our power panel all lined up. kate kelly on high finance, insiders and hedges. mr. jon fortt on tech, trends, and innovation. mr. robert frank on money, power and spending. and julia bo

we will call you completely in a very deering way, our cnbc nerd with a cnbc nerd alert.s is very telling numbers line the headline. >> yeah, there is a lot of information inside these reports. there were reams and reams of data. i want to go through came of real particular ones that tell us more about the state of jobs market and where we may be headed here. first thing is there is two measures of unemployment. there's the overall unemployment rate which fell and a broader measure that looks at overall slack in the market. both are at four-year lows. let's look at the charts, mandy. and do chart reading here, o okay? and what you see when you look at this next chart, unemployment rate up next to the other one, that's not the right one. if you can go to two measures of unemployment we will go back to that one in a second. what you see is two ones coming together. there we go. there's the two charts. what the yellow line says, unemployment. but notice how they move together. like synchronized swimmer in the great olympic pool of data. looking at one doesn't tell you anythi

that's this edition of 60 minutes on cnbc. i'm morley safer. thank you for joining us. [ticking] [ticking] >> well, six months of this would be a step in the right direction. >> well, a step in the right direction-- >> not another week of runaround. >> the average for each of the claims that you paid out is $5,000. >> no more bp. blame me. don't blame bp anymore. >> ken feinberg is the go-to guy for thankless jobs, america's arbiter of human suffering. >> why don't you open up the purse strings? >> his assignment deciding who should be paid for damages from the gulf oil spill, was one of his toughest yet. they really go after you. >> they do, but it goes with the territory. >> it may be the greatest rescue operation since noah's ark. a billion people watched as 33 chilean miners trapped for 69 days half a mile underground stepped from darkness into light. [cheers and applause] >> if ever there was a story with a happy ending, this was it. [men chanting] but when we visited the miners several months after their rescue, we found many were struggling. for example, alex veg

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i'd prefer to be dead. >> that's when 60 minutes on cnbc returns. (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 services company." >> a half-mile underground, the 33 chilean miners were starving. they talked about suicide and of eating the first man who died. although rescue efforts had begun, for 16 days, the fate of the men was unknown. then, as bob simon reports, their luck was suddenly about to change. >> they were saved by the drill. on day 17, it came punching through the ceiling. all thoughts of cannibalism and suicide disappeared into the dust. >> when the drill finally broke through, do you remember what you were feeling? >> i was so weak, i couldn't even stand.

week nights on cnbc. >>> we're riding the magical money mystery tour. and i'm giving you the life lessons i have learned the hard way through decades of stock investing. i told you first about how to get your kids started early. okay. and then i told you about how nothing should ever stop you from investing if i could invest while living in the back seat of my 1977 ford fairmont. right now, i want to tell you about how i got started in individual stock picking, something you know i love and still believe. it's still totally worthwhile if not lucrative and, yes, it is the reason i believe you watch, that is, unless you love the funny outfits that i occasionally don and the outrages -- courtesy of when i used to have a radio show called "real money." if you were picking stocks playing with real money, not just with the ledger or with the game stocks and bonds, you need an account. i got started in 1979. there was no such thing an an online account. i chose to put my individual stock account with fidelity. i didn't know where to put my ideas. i started wit

cnbc's sharon epperson is there with sun core's ceo. >> tyler, suncor having a good day, up about 1% on the session. it is canada's largest energy company and the biggest oil sands producer in the world. the ceo steve williams joins me now. thank you for being here. there's been so much talk at this conference about the u.s. oil boom. also considering the fact for the united states the imports that we're seeing from canada are the largest we have from any country. the import about 2.5 million barrels a day from canada, that's twice as much as from saudi arabia. but we are still seeing a very big boom in our own production in the united states. i'm wondering how is that impacting suncor's plans. >> yes, i mean, you know, as you say, canada is the biggest importer of crude for the u.s. the tight oil boom has had an impact. i'll maybe briefly talk to that. what it mainly affects is the supply of what we call light sweet crude. actually what we think will be short in the u.s. is the heavier crude. a very good complimentary match. very encou

he watches the business news... >> so this is at cnbc. >> got to be.l, answers the phone. okay, so we've arranged fo the producer to call you on the phone. the phone is ringing. >> and simply answer the call. >> hello? >> hi, karen. >> you're on speaker phone. i can talk to her too? >> yes. >> okay, so what happened, karen, was, the water was turned off automatically... >> right. >> and he answered the phone on speaker phone, and we're talking to you from his shower. [laughter] the electronics are waterproof, but not foolproof. >> oh! >> ooh! what happened? >> we forgot to turn it off. >> [laughs] >> there we go. oop. >> okay, so you're in the shower, that happens. >> well, i usually don't have leslie stahl in the shower with me. >> that's--that would be a unusual occurrence for me. >> for the record, that was my first interview in a shower. >> you are wet. >> yeah, i know. >> i feel--oh, i'm sorry. >> no, don't worry about it. and my last. in 2010, 3% of businesses in the u.s. said they had flexible work hour plans similar to the best buy model. meanw

keep it right here on cnbc. >> and we know that's where bill gross of pimco is patching. talk today but it doesn't mean he wasn't available to comment. he did tweet. he said central bankers a century apart. lend freely at a penalty rate. bernanke, lend freely at a subsidized rate. even the fed is pumping up the action today with this tweet. watch live today, a fed tweet! 2:30 p.m. press conference with fomc chairman bernanke. let's welcome back our panel as we count down to the fed decision. ben white, josh boak, kneel nein and michael santoli. does bernanke have any real dissenters on this fed board and who is it if he does is it. >> he has esther george, the president of the kansas city fed who is dissenting this year. i suspect she will again today and then some of the people not voting are very much in the hawkish camp. that's richard fisher, charlie plosser. the thing is bernanke for now has control over this federal open market committee. the governors are on his side. all seven of them, they vote every meeting. he has enough of critical mass of the regional preside

. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we follow the flow of big oil from massive, mega billion dollar oil fields in saudi arabia to the u.s. where wall street refines the oil into a mega billion dollar commodity. we begin with a look back to 2008 when the price of oil, theoretically tied to supply and demand, suddenly became untethered. storage tanks were full, yet the price skyrocketed from $69 a barrel to nearly $150 before it plummeted along with the stock market. there are lots of theories about what triggered the price rise. as steve kroft reported in 2009, many people believe it had more to do with wall street speculation than with oil companies. >> to understand what happened to the price of oil, you first have to understand the way it's traded. for years, it's been bought and sold on something called the commodities futures market. here at the new york mercantile exchange, it's traded alongside cotton and coffee, copper and steel by brokers who buy and sell contracts to deliver those goods at a ce

. >> welcome to 60 minutes on cnbc. i'm bob simon.n this edition, we look at two innovative experiments in the housing and job markets aimed at solving long-term problems caused by the great recession. and later on, we examine the impact on brevard county, florida, of scuttling the space shuttle program. we begin with the housing industry. chances are the home you're in isn't worth what it used to be. you may not have indulged in the real estate bubble with its liars' loans and wall street greed, but you were stuck with the bill. and if you thought your home value couldn't drop any more, have a look up and down the block. you might say, "there goes the neighborhood." one of the threats from the great recession was the sudden surge in the number of abandoned houses. as scott pelley reported in december 2011, vacant homes become so ruinous in some neighborhoods that one city, cleveland, decided it had to find a solution. >> perfectly good homes... worth $75,000, $100,000 or more a couple of years ago... are being ripped to splinters in

>> can that be jim cramer from cnbc's "mad money"? >> i have brought in a financial heavy-hitter. >> please welcome jim cramer. >> i was stupid -- >> don't say that. you don't have -- it's very hard. >> math's stupid. >> yes. >> "mad money's" jim cramer. >> jim cramer. >> look. and then you get mad. >> mr. cramer, are you the tv personality who regularly shouts and badgers on "mad money"? >> i think badger's debatable, but, yes, i have a dare you say flamboyant personality. >> you could try hitting some buttons. >> you have beautiful eyes. >> the president wasn't as favored this morning as jim cramer. >> i've never seen the president -- >> we're joined now by cnbc's jim cramer and former chairman of the federal reserve, alan greenspan. >> i got my own show. very lucky guy i am. thank you. for "mad money"'s eighth anniversary show, i'm going to come out here and do the same thing i try to do every single night, teach you how to be a better investor and help you identify stocks that have a potential to go a whole lot higher. even though

. >> he is going to be on cnbc. >> and blackberry's ceo is going be first on cnbc to give it back. >> and pinnacle foods is currently trading up. and priced at $20 a share. that was at the height of expectations. the float values the company at $2.3 billion. >> simon, metro pcs shares moving higher. reporting that deutsche telecom is now having second thoughts about its merger with that. >> saying it is undervaluing the company and shareholders should vote it down. the activist shareholders are contesting the terms of the deal. shareholder vote is going take place on april 12. that's two weeks from tomorrow. metro pcs shares have slid about 14% since the merger was announced since last october. >> in a moment we have to pay some bills and take a break. working on a new way to get you what you want faster. but its plan to click from couch may have a lot of security experts screaming danger at the top of their lungs. that's next on the program. plus prescription drugs. where they're cheaper and where they will cost you more. and downsizing in this economy to just a $60 million home. mor

. >> welcome to "60 minutes on cnbc." i'm lesley stahl.n this edition, we examine the boardroom intrigue at hewlett-packard between 2005 and 2007. it was a tumultuous saga that led to criminal charges, executive firings, accusations of sexism, and lots and lots of finger-pointing. and in the midst of it all, three of the protagonists told me their sides of the story -- pattie dunn, thomas perkins, and carly fiorina. we begin with pattie dunn. it was 2005, and she was appointed chairman of hewlett-packard. yet just 20 months later, dunn was gone from hp due to her participation in an internal investigation that involved spying on members of the board. less than a month later, dunn was charged with four felony counts for her role in that investigation. in october 2006, only hours after the criminal charges against her were announced, pattie dunn sat down with me to talk about what happened at hewlett-packard. let me ask you the obvious question that i think every lawyer who's watching this is asking himself or herself. why are you giving us

>> cnbc. >> what show? >> cnbc "street signs." >> thank you. >> i got it right.now how to pick, another upgrade. >> all of these upgrades. >> all nervous this morning, good news. upgrading to buy rating. $22 to 110 bucks. look at that. they see a bunch. up $17. they're confident the transition period is an over hanging the stock. it's finally over. so there you go. upgrade for utx. >> downgrade? no, it's another upgrade. this one is verizon. it's upgrade for buy citi. >> citi raising verizon to a buy. i don't think wireless fundamentalss will remain solid. still have landline phones. margin improvement will continue. also, interestingly enough, they think there's a chance that verizon wireless can go over vodafone stake in verizon wireless. vodafone owns 44% of verizon wireless. they wanted that back forever. citi group says that might actually happen. >> jcpenney is having a monster day after oppenheimer said the retailer's big bet on joe fresh appears to be paying off. let's bring in retail adviser and cnbc contributor and general all around fashionista, stacey

a is our cnbc euro alert graphics package. we don't want to scare you but we do want to get your attention because we have an important story today that of course we've been talking about all day here on cnbc. it has far reaching impact. we're going to explain it to you i hope in a way that everybody can understand, including most especially me. and then we're going to report on the impact. i'm tyler matt son, susan at the nyse. we'll check in with sue in a moment. that right there, let's show you, where is it? cyprus, a member of the european union since 2004. it's a little island -- i hear it's beautiful. i've never been there. i'd like to go some time, maybe not this week. the afms are out of money. roll the animation. west of lebanon. south of turkey. east of greece. a country really rather divided, greeks in the south, turks in the north. 1,138,000 people live on the island. that's the population of san diego. 77% of greek origin. 18% turkish. unemployment, %. not that high when compared with other countries in the eurozo

. >> welcome to 60 minutes on cnbc. i'm steve kroft.is episode, we'll look at the yin and yang of international investment. first, a 2008 report on an american company in serious trouble in colombia, a country that was just beginning to emerge from the throes of civil war and narcoterrorism. chiquita brands international, of cincinnati, ohio, made millions growing bananas there, only to emerge with its reputation splattered in blood after acknowledging that it had paid nearly $2 million in protection money to a murderous paramilitary group that has killed or massacred thousands of people. when we first reported this story, it became clear that that admission cost the company dearly. from the air, the plains of the uraba region are carpeted with the lush foliage of banana plantations, which have long provided a livelihood for the people of northern colombia. and for the better part of a century, its best known product has been the chiquita banana. >> ♪ i'm chiquita banana ♪ won't you come with me? ♪ to the bank of bananas ♪ nature's trea

. >> welcome to 60 minutes on cnbc. i'm bob simon.this edition, we examine two very different kinds of fraud. bernie madoff's wife and surviving son break their silence about wall street's most infamous criminal. and later, we visit a high school con man who figured the best way to make the grade was to cheat the s.a.t.s but first, in december 2008, bernie madoff confessed to running a $65-billion ponzi scheme, the largest financial fraud in history. while madoff is serving 150 years in prison, his family had to deal with the consequences of his crimes. his wife ruth divested of most of her great wealth and derided by a suspicious world. their son mark dead, driven to suicide by shame and accusations of guilt. their other son andrew isolated, trying to live with the disgrace. are they innocent or willing partners? in october of 2011, ruth and andrew gave their first interview since bernie madoff's arrest. they sat down with morley safer to speak out about crime, punishment, and the shame of being a madoff. >> it's a tough name to live

. >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we meet three maverick businessmen: medial mogul ted turner, tech tycoon larry ellison, and oil man turned alternative energy crusader t. boone pickens. we begin with ted turner. the cable news pioneer built an empire and a massive fortune in the 1980s, only to lose a good chunk of both in the ill-fated aol time warner merger of 2001. despite the losses, he's maintained the manic energy that drove him to change the landscape of the information age by creating cnn and 24-hour news. the man once described as both genius and jackass sat down with morley safer in 2008, shortly after the release of his memoir, to reflect on his tumultuous life. >> ted turner is one of the largest individual landowners in the united states, owning two million acres across 12 states. we caught up with him at one of his montana ranches. this lonesome cowboy, who hates his own company. you hate being alone. >> i don't like being alone. these are big places to be alone. i tell you, come out her

. >> welcome to 60 minutes on cnbc. i'm steve kroft.tion, we look at the world of big deals on wall street and in las vegas and examine the impact of high-speed computers in both places. we begin with perhaps the most famous investor of them all, warren buffett. his fame extends far beyond wall street, his oldest son, howard, not so much. and yet he's the person warren buffett wants to succeed him as chairman of berkshire hathaway, the mega holding company that buffett built. for most of his adult life, howard has been a corn and soybean farmer in nebraska and illinois. and as lesley stahl first reported in december of 2011, howard doesn't live the high life, and he loves getting down in the dirt. >> this is the man who'll become the next chairman of the company-acquiring, investment-picking, moneymaking machine berkshire hathaway if warren buffett has his way. howard is a farmer who would rather dig up the ground and drive big machines than sit in a boardroom. were you stunned? were you surprised? >> i was surprised. >> but no sign tha

stay tuned to cnbc, because at 11:00 p.m., cnbc will bring you the bank of england's rate decision as it happens. that's 12:00 noon for those of us in london. >>> in a key speech today, prime minister david cameron will highlight the benefits of his cost cutting measures. the prime minister's speech comes less than two weeks before his chancellor, george osborne, delivers the annual budget. it's expected to call for conservative activism. >>> meanwhile, could mark carney be granted more powers to play with? the uk government will give the central bank more room for latch unioners. the option is being explored. and potentially even scrapping the inflation mandate altogether. now, speaking of which, as expected, no change in policy in the boj this time around. investors are looking forward to a new regime change at the central bank when a new chief comes on board. if all goes well, kuroda could be confirmed next week. many expect the central bank to release fresh moves. is this then the calm before the storm? we'll have analysis on just what the new governor has up his sleeve live at 10

inside china, by the way, a new cnbc series has just debuted. catch that monthly on cnbc.ck your local listings for that. we'll stay tuned over the weekend to see what happens. this as the samsung galaxy s4 was launched in new york. will it take a bite out of apple? stay tuned. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> new u.s. treasury secretary jack lew will make his first joe seas trip visiting china next tuesday and wednesday. he said ahead of that trip the u.s. has raised concerns over the years about china granting greater access to markets. in a woid ranging interview, lew says the u.s. economy is resil

cnbc's own bertha coombs joins us with that and more in the headlines coming into the cnbc newsroom.d evening, bertha. >> good evening, larry. warren buffett on his way to becoming one of goldman sachs ten largest shareholders. would receive a large block of the investment bank stock in october. the result of that $5 billion cash infusion deal that helped to shore up goldman back during the 2008 financial crisis. wells fargo says it was the victim of a cyber attack. the bank's website experiencing an unusually high volume of traffic today from what's called a denial of service cyber attack. in it a statement, to cnbc, the bank assures customer informing remains safe. and one new jersey man smiling want to after pocketing the fourth biggest powerball jackpot ever. i hope he has a good financial adviser. the former dominican immigrant chose to take a lump sum payment, $152 million after taxes. hopefully he won't put it in a cyprus bank. when asked how he felt, he said, quote, pure joy. and in political news, president obama today naming the u.s. secret service agent julia pearson to be

up next, our exclusive cnbc fed survey.e economists are now saying that the fed could drive the markets way down by june. we'll get to the bottom of that. >> and then i have to be very careful with this story. a warning, if you are wearing lululemon pants right now, you better check in the mirror. the company's pulling some of their yoga pants because they are see-through. they're too sheer. after the break, we'll find out if there could be more cracks in lieu lulu lemon's balance sheet. >> and more up here on "closing bell." clients are always learning more to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade... ranked "highest in customer loyalty for brokerage and investment companies." there. i said it. they

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abbott, my charitable trust owns this and co director and on cnbc all of the time. she says we're still okay and it's kind of like needs a bit of a pulse there and mcdonald's is breaking out in the genuine wall street gibberish for 100 and berkshire hathaway and conoco oil and gas. home conglomerate, restaurant, drug, oh, man. johnny b. good. >> ♪ hallelujah ♪ >> let's go to paul in connecticut. >> a big boo-yah from connecticut. >> we have people in the staff here is all smiling because they're from connecticut. what's up? >> i have a question to ask you, i want to thank you for motivating me and giving me

courtney reagan has been covering it for cnbc. >> well, j.c. penney ceo had to put disastrous earnings behind him in order to take the stand today in the case where macy's is suing j.c. penney and marth stewart living. when johnson arrived today, he was in a good mood, telling us, he was wearing a j.c. penney tie and shirt from stafford. our producer caught up with johnson to ask about the trial and those earnings, no comment on both. back in court, macy's lawyers used many e-mails to try to show j.c. penney understood macy's contract with martha stewart living, but pursued an equity stake in the company anyway. in e-mail december 2011 johnson

don't forget to catch more, follow me on twitter at scott wapner@cnbc. "power lunch" starts now. >> interview today only on cnbc. >> i like the fact that we made $24 million. everyone that manages money is waiting it catch the signal that the fed will reverse course. worldwide, the united states is doing better than many parts of the world. >> this is a special edition of "power lunch." buffet watch. now the new york stock exchange and in nebraska, becky. >> he just kept talking and talking and talking. becky, great to see new nebraska. thanks for joining us for this special edition or what is is left of it and the announcement there. if you miss squawk box this morning, don't worry. we have you covered with the very best of mr. warren buffett. >> we sure do. great to have becky with us as well. before we get to becky, let's run through a few headlines. 1:00 p.m. on wall street. dow jones average is trading down about 40 points. s&p 500 is off three. and oil and gold all on the move as well today. nasdaq composite incidentally is about nine points. the g

liz: well, and i think that he's leaving cnbc because they made him cut his beard.ke that guy at disney where disney said no facial hair alive. >> reporter: i thought you were going to say because he had that big brawl with warren buffett. liz: well, that too. he made a statement about something regarding warren buffett, and they med him on -- made him on air apologize. already well, here's the thing, no. they published an apology. he refused to do it, from what i understand. gary refused to apologize because it had something to do with buybacks and whether buffett does a lot of buybacks or -- liz: right. and he pretty much does not. >> reporter: he does not. gary said he does not. buffett came back and said, well, if you read my 1986 annual report, you'll know that i care about them in certain circumstances. liz: all right. >> reporter: but it was kind of a ridiculous thing to apologize over. it was not a material error as far as i was concerned. you know, we, you and i watched it, you know, in aghast because we were, we wouldn't -- i mean, we wouldn't be asked to

and bertha coombs here at cnbc world hk.et's go to john harwood first. >> reporter: this was the day we transitioned from the attempt to avoid sequester to the attempt to use it in order to achieve the budgetary ends that each side wants to have. there was one last meeting at the white house. it failed. the president came out and warned today that the effects of the sequester would be very real. >> not everyone will feel the pain of these cuts right away. the pain, though, will be real. beginning this week many middle class family will have their lives disrupted in significant ways. >> reporter: president obama is going to pound away at that message and until and unless he can get republicans to go along with him on the issue of some higher tax increases as part of a budget deal. they haven't so far. john boehner, mitch mcconnell as well said they wouldn't. we go to eamon javers in fredrick, maryland. >> reporter: we're in fredrick, maryland. this is a town that's heavily dependent on federal spending because they have ft. d

and we have a new set right here at cnbc headquarters in new jersey. but we will still bring you the same thing that "nightly business report" has been giving you for the last 34 years. in-depth analysis of the top business stories of the day delivered in an objective way. and, tyler, i have to say it's great to be sitting next to you again. we haven't done this together since 15 years ago. >> it is great to have you back home here. >> thank you. >> great to be back with you, susie, as well. as you know, that new chapter does begin this evening. but one thing will not change and that is npr's commitment to public television and, as the saying goes, to viewers like you, we understand and i understand that you watch because you trust and you've trusted nbr for 34 years now. we aim to honor that legacy and give you the best, most complete business news show on television every night. great to be here with you, susie. >>> in our market focus tonight we begin with oil flirting with $90 a barrel the first time it's been that low since christmas time. major e

and again it's about people at cnbc.at you want to. >> you have people you want to thank. >> i do. in addition to the whole staff, everybody back there, you, the rest of the team. a shoutout to a couple of people. >> do not play the music back there. i just want to shout out to max and marry and todd and ben and lisa, brenda, sally, maria, joanna. katie k. lacey, and definitely that secret trainer who gave us great calls. >> that reminds me. >> his name is larry. i made a list of all the things brought to your attention. utilities during sandy. mcclellan on apple. painting the tape in general. not to mention the photos of you fishing. owe really brought a sense of passion to the show that we're going to miss. >> i'm still going to be a contributor to cnbc. you and i will continue to speak. when i have something important to let you know, you know i will let you know. and you bring up the apple thing. it's important in terms of investing. you'll always hear one directional things. i was most pleased with the fact that at

bullish side, cnbc contributor ron insana and investment strategist james paulsen.d to see everybody. thanks for joining us. jeff, you think this is the best it will get for the marks. you're expecting a sizable drop coming. why? >> maria, history is on my side. look, when you look at the market, where we were, where we got to now. every time the last 11 bear markets that we've seen this happen, the market has always had a major pullback. i think it's not a bad thing. i think we don't need to get crazy about it. i think it could set up a very nice opportunity, but history tells us this is the way it goes. >> history tells it, but can you really compare any other moment in history to this moment when the federal reserve, ben bernanke and company have been the most aggressive fed keeping an environment where there is no alternative to u.s. stocks? >> that's a great point, maria, but look at the dow has gone up 3/1,000 of a percentage point in the last five years and the fed balance sheet has increased 275%, national debt increased 78%, but bottom line here, markets ar

cnbc's own brian shactman here to explain that and other top stories. good evening, brian. >> good evening, larry. accusations about a chemical attack. the rebels blaming president assad and assad's regime blaming the rebels. two major israeli newspapers say milita military sources told them they have confirmed chemical weapons were used, but they can't say by whom. president obama, of course, has said use of chemical weapons would be a, quote, red line for his administration. we'll see whether that means the u.s. will get more involved in that civil war. >>> senate democrats drop the assault weapons ban from their gun control bill. california senator dianne feinstein had proposed the ban, but there was not enough support for it. >>> and a huge problem for lululemon. i know all the guys around the table are fixated on this one. one batch of its black yoga pants were too sheer. no one wants to pay 100 bucks for pants see-through. at least in that industry. the ceo is in trouble and the stock down nearly 10% since last friday. larry, if i can't make a jok

cnbc issued an apology essentially for it. do with whether buffett and berkshire buy back stock. when gary said is that, warren buffett is somewhat hypocritical. he was talking about it is great, how jpmorgan was doing a stock buyback or another firm, that buffett made the comment on cnbc. gary said that was somewhat hypocritical, buffett never, nevers buys back stocks. baloney, i bought back stocks once 20 years ago. you get the point. lori: absolutely. >> cnbc came in and issued an apology and i think there were obviously hard feelings there. i don't think that's the reason why he took this job. this is a damn good job if it works out for him. lori: i'd say. thanks for details on it. charlie gasparino. melissa: as we do ever 15 minutes, and check the markets. nicole at the new york stock exchange. you're watching major movers. >> yes indeed i am. blackberry. don't call it research in motion. that is old news. it continues to gain throughout the day. tomorrow is the finally the day you can order the new z10, the blackberry z

what are your thoughts on -- after looking at this sort of personal finance gurus on cnbc was is youron? we were sold. if the 30 years the incomes have fallen, net worth plunged 40% between 2007 and 2010 and the entire industry of everything from suze orman saying hey we have the answer we're going to help you. also forgetting to mention this they were selling the products that were going to help you. >> jon: in many ways they have a sim beotic relationship with the corporations they cover. >> suze orman is selling products. she has her own preapproved debit card and books and tapes. >> jon: a personal thing like that cnbc is the one that strikes me. here is this station os stensibly financial journalists and if they mention a stock it goes up. >> whether they mention it in a positive or negative way. it's like children if you give them negative attention it still works. >> jon: it does? so long praise, children. [ laughter ] right, exactly. and but you write about an interesting effect that happens weeks later. >> it goes back down. jim kramer somebody did a study of his ticks. best

vote on our "squawk" cnbc facebook page.research analyst at barclay's and he covers goldman sachs for the west coast team. evan wilson at pacific crest securities, he covers facebook and i welcome both of you. i'm going to go to roger first, and by the way, these stocks have nothing to do with each other. except you have to figure out which one is going to do better? make the case for goldman. >> so, i guess with the way i make the case is we're probably at the early stage of a long recovery in this industry. and there's a lot of operating leverage as volumes improved as the new regulatory environment sets in. so i think there's a good -- there's a good path forward. depends on exactly when this final tournament is, whether this is the one to pick for a near term. but, you know, if we're talking about a marathon for sure, i think it fits in there. >> your price target is $155, right? >> yeah, so we're close to that. >> upside case you say 235. what gets you to 235 if that's your best case? >> well, 235 would obviously involv