the dow 136. the high, bill, more than 177 on the dow. we're well af on the high on the dow. >> the do you needs to be up to hit that 15,000 mark. we will keep our eye on it as we go into the final hour. bob, what is shaping up to be a record day for the markets? that jobs report really is what sparked this rally this morning. >> i am told the shot heard around the world, bill. everyone was positioned for a negative surprise, not a big prostive surprise. s&p futures shot up 10 points right as the announcement came out. the s&p and the dow within seconds of opening were at historic highs. i want to point out that all 2007 high is getting further and further away. there is that lean i drew across there. that's 1565 in twoimpblt look at it today, we're at 1613. so we're 3% above that old 2007 high, getting further and further away. they're going for big cyclical names today. freeport, mac, moran, php. billiton. broader cyclicals as well. you look at couple members engine. 4% moves, beazer. techs are shineing. big moves in the semi conductors

the dow off the highs. the bias is to the upside, but very, very marginally, but still with a gain of 72 points right now. this next story, one of my favorite of the day. apple ceo tim cook getting grilled on ceo for avoiding taxes, but legally avoiding taxes. is it the company's fiduciary responsibility to pay as little as possible in taxes within the law? we'll debate that, coming up. >>> and will the dow finish in the green for this 19th consecutive tuesday? up next, we'll find out what's driving the dow's favorite day and how you can get in on the action. that and much more coming up on the "closing bell." [ musick ] i knew there were a lot of tech jobs available out there. i knew devry university would give me the skills that i needed to make one of those tech jobs mine. we teach cutting-edge engineering technology, computer information systems, networking and communications management -- the things that our students need to know in the world today. our country needs more college grads to help fill all

stuart: segue to the dow?stocks were in the green and now i see we've got two that have slid into the red. and bottom corner. and at&t, changed to unchanged and 29 up, only microsoft had a gain and now it's up, you want to say anything, nicole? >> well, you obviously have a great day on wall street and numbers came in that were better than expected and so far so good. >> how about aig, a name from the past that was just another good name from the past. >> well, everybody remembers aig. it was up headlines every day, you remember that. well, you have the ceo talking about the fact this a dividend could be in the works and they're selling off, and good news for aig shareholders today. >> so, i think i can say this is a very broad-based rally. >> sure is. >> and the s&p 500 stocks make up that index and crossed 1600 the first time ever and let me put the dow back up. we're 25 and change away from 15,000. >> right. >> and i believe we've got a fancy graphic, if we do cross 15,000, we can't use it yet, all right? >

the dow down 108 points.e just got word there's still about $1 billion worth of stocks for sale here at the new york stock exchange. so the sell-off continues as we finish out this month of may. however, the auto industry has been in recovery mode this year and making some nice gains so far in 2013. looking ahead at auto sales early next week, general motors up about 20% year-to-date. ford up about 20%. toyota up 30%. and everybody is talking tesla these days. that stock is up more than 200% so far this year. i know you drove one today. >> yeah, i did. what a move in that stock. i want to talk to you about my observation on the test drive from the tesla. let's talk about switching lanes. tom lasorda is the former ceo chrysler and is launching a venture fund with roger penske. the roger penske inc. specializes in tech start-ups with clean energy, transportation, and health care among other industries. tom, good to have you on the program. welcome to the "closing bell." >> thanks a lot, maria. >> so congratulat

dow jones industrial average.on the street today after a long holiday weekend. the dow jones industrial average, up 107 points today, 0.75%. the market had been up better than 220 points earlier on, so we're closing well off the highs of the session, but nonetheless, an all-time high and that 20th

the dow had been up 177. so we're closing off the best levels of the session, but no doubt about it, the big mo is with the bulls. the nasdaq composite today up about 38 points. the s&p 500 unchartered territory there as well. 16.14 with the standard & poors breaking with a gain of 16.5 points. >>> history on wall street, the dow closing at a record after trading above 15,000 for the first time ever. bob, these marks jumping from the get-go on that better than expected jobs report. >> yeah. it was steady as we go. of course, upsides jobs report. that's what mattered today. lifting the whole market from the open t. dow the svp subpoena 500 at historic highs. growth sensitive stocks and industries all leading throughout the day. be i the way, heavier than normal volume. we haven't seen that for a while on an upside day. truly a big move. it was led, of course, by those economically sensitive names. look at material companies. the cleveland 35 i cliffs. what's naushl natural is it is all moving to the upside. th

and 15 on the dow.ng numbers. i think it's cooling off. >> jeff, do you think this is the beginning of a sell-off? >> i think that's exactly right. i think all things do come to an end. while we're bullish on stocks longer term, i think we're due for a 5% to 10% pullback, that may come in may, maybe sell in may and go away, but maybe over the next 30 to 90 days, we'll see that 5% to 10% pullback. >> if i had $10,000 to deploy between stocks, bonds, commodities, alternatives, how would you do it? >> you can't fight the fed, obviously. the market just keeps going higher. but you start getting value place being talked about, like apple and things like that. one place you might want to put some money that hasn't gotten any love right now is gold. gold's had a pretty strong rally off the lows, we're at 1455. that might be one place if you're going to put some money, especially if you think the market retrace 5% to 10%. >> what about that big sell-off in gold we saw a couple of weeks ago. are you not afraid o

as you know of course we have this secret dow if the dow jones or the nikkei or the footsie if they rise if they continue to rise then all will be ok in the economy so we sacrifice our wealth our economy jobs everything to rising a rising dow well that's not what we have not predicted in other words we said that after the two thousand a crisis that there would be massive money printing and one of the likely outcomes would be hyperinflation in the stock indexes people read away from cash they've been shut out of the precious metals markets because there's a huge barrier in the form of these naked short sales so that they've been sold you can't go into precious metals the bond market is already at a three hundred year high in the u.k. or a two hundred thirty eight year high in america so that leaves only one play stock market so they're being chorale into the stock market in type or inflation because in america interest rates are close to zero so you have to really understand that the dow jones is the new currency it's the new to the new dollar and your ability to buy that down your p

now at the high of the day, 109 for the dow. >> 110 points right now for the dow industrial average.had tradering co ins coming . really, 18 straight tuesdays? >> it seems unreal, but it is true. and we are at just shy of 15,200 on the dow. and at stake, the fate of columbia pictures, epic records, and playstation as an activist investor, shockingly, calls for an entertainment giant, sony, to spin off certain divisions. big story, one that broke overnight and we have that next. ♪ [ agent smith ] i've found software that intrigues me. it appears it's an agent of good. ♪ [ agent smith ] ge software connects patients to nurses to the right machines while dramatically reducing waiting time. [ telephone ringing ] now a waiting room is just a room. [ static warbles ] [ telephone ringing ] all stations come over tong room mithis is for real this time.m. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places bey

here's the dow for the week.imony, the minutes came out. we sold off, we were up higher, we were sharply lower, and we've been going sideways in all that time. and for the week, when the dow was all said and done, we're basically flat. down 2.4% for the week. how about the ten-year? what'd the yield do? it skyrocketed for a while. we're back about 2%. a gain of 3% on that ten-year yield. jump in anytime, michelle. gold also skyrocketing for a time. we had this sell-off, midday, on wednesday, but for the week, we're up 1.3%. and finally, michelle, the vix, the volatility index up sharply for the week, a gain of 15%. that was the big mover right there. >> my one thought on all those charts, if you bring back the dow for one week, i've got to talk about the i.t. department, because i think they allowed the numbers to be too wide in the setting and you don't get a sense of the volatility. but it was crazy! >> exactly. alan valdez has been buying dicti dips. are you buying this dip this week? >> we're buying this dip.

the dow is i say only down 44 points.re expecting 100 point drop by now, not happened thus far, 43 down. now, let's brinn in our next guest. she says that there is no way the fed will tap on the brakes in terms of stopping to print so much money anytime soon. here is michelle girard. that's quite an introduction, michelle. >> no way anytime soon. very -- i think there are no way they will tap the brakes in june. how is that for an economiit give a time date. stuart: i'm shocked to hear it. he's not going to think about tapping on the brakes, printing less money at the next meeting in june. all right, what about after that? >> yeah, well, i think they have he' been very good. i am he so baffled by what the markets are doing. now, there's no question that the markets have been skittish. we've seen that in the reaction to news stories that don't necessarily say anything. i mean, yesterday, the chairman said exactly what they've been saying, that they are purchase paid is completely data dependent. if the data starts to look

the dow tonight at 15,074. the nasdaq up and the standard & poor's 500 index, which of course hit several records this week, up to 1,629 now, a gain of 2 1/2 points. bob pisani in the middle of the action on a market that just won't quit, bob. >> that's a very good point, maria. and i know the dow looks flat, folks, and quite a few looks quiet. don't let that lull you into complacency. we've been telling you about the move up in cyclical stocks and materials and energy and financials. take a look at some other sectors that are really doing well. there's some broad swaths of the market that are doing well. defensive names, even in health care, hospitals and hmos are up a 3% this week. there's the ihf. i'm giving you the etf symbols. biotechs have been on fire for weeks pop new high in that ibb index. pharmaceutical stocks, these are the drug companies, up 1% on the week, that's the ihe. semiconductors have been on a tear for two weeks now, ever since the earnings came out. and st micro and micron, these are exam

the dow hitting over 15,000.ou know, we were looking at possibly 14,0 # 75 on -- 1475 in the s&p, but it's climbing up, getting a little scary. the geopolitical situations, i get up at 3 a.m., yes, 3 a.m., i saw the aussies dropped the rates. what happened then? gold, which has been on a nice run, a nice recovery, the last three weeks, we're seeing that pulling back down. now, it's going to be a short term situation, and epg we're going to get a lot more buyers getting back into here, but, again, back to the s&p and the dow, i don't think anybody saw the numbers this quickly. cheryl: uh-huh, it was a big move overseas with the markets and nice to see, and maybe, gary, you have insomnia, i'm not sure. elliot over at the imax. oil, brent, look at the wti contract, i mean, a month of steady gains, and it looks like we head higher, elliot. >> it does look like that, and it's interesting because everybody talks about the recovery here, and i guess, you know, crude's down a little bit today, but it is a short indicator

100, and every single person watching remembers dow 5,000 in 1995, dow 10,000 in 1999, dow 12 thowrsand crashes. if you're in the market, be in the market. a lifelong endeavor. >> heard that, liz? >> yeah, i did, loud and clear. >> forcefully delivered. good stuff, charles. bringing in the virginia governor mcdonald who went to california, trying to convince businesses over there to bring jobs to his state, virginia. joining us now, welcome back. >> thank you. >> right in saying that you're going to film the film version of bill o'reilly's book, "killing kennedy," in your state, making virginia the hollywood of the east coast, is that it? >> we'd love to. got back from a trip in california, china, and japan, and we talk about a number of things, tour, wine, film, and aerospace. we talk about the film industry. steven spielberg filmed "lincoln," 100% in virginia, and "arg o" filmed in virginia, and last year waskilling lincoln," and now, "killing kennedy," a great place to film, got it all >> governors are going to california in saying, hey, look, we can do better than california, com

dagen: a record day for the dow.he on employment rate was down to 7.5% in april. 165,000 jobs created. this is where the fun starts. revisions. vendor 32,004 february. the second revision for that month. connell: scott bloch is here to talk about the run-up we are seeing in the market today. kate rogers is also on hand. we will talk about billions lost to fraud. dagen: let's start with scott. what do you make of this market? >> we had a correction a couple of weeks ago. i am using $105 earnings. it is only about a 15.3 multiple here. that is still below the historic medium. also, you have to look at nominal interest rates. it is very hard to get yields. the place to be is in equities. i will make this caveat. it is cheaper and large caps then it is in small and medium. connell: okay. everyone will turn on to the tv today or logon to the internet, dow hits 15,000 they will start to think about the market being to cross. you say no. did a little bit deeper. what looks attractive right now? >> a bot of the big tech stoc

we were down 180 on the dow. down 86 points with about 40 minutes left in today's trading. >>> up next, apple ceo tim cook trying to reassure investors that the company has not lost its magic. >> i think we have several more game changers in us. >> but are investors buying the promise? we'll get that on apple, next. stay with us. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ all aboard. lets you jump backwards and forwards in time to capture the perfect shot. blackberry z10 with time shift. built to keep you moving. see

last few minutes on the dow. looking again, as i said, it's going to be a close photo finish, but probably record highs for the dow and the s&p. the bell is ringing to ring out the week here on wall street. i'm tyler mathisen. bill griffeth will be back next week. stay tuned for the second hour of the closing bell. maria will bring it home from here. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." happy friday to you. i'm maria bartiromo. the market closing out the third straight week of gains. the dow and the s&p 500, another all-time high this friday afternoon. check it out. the dow jones industrial average tonight, up 32 points, about a quarter of a percent, at 15,115. an all-time high. the nasdaq composite picks up 27 points. technology was in the lead all day today, up 27 points. and the s&p, new high there, 1633. the markets locking in a third consecutive week of gains today. and let's get to bob pisani with this market rally that just w

the dow jones industrial average up 80 points, above 15,000.ooks like that's where we're going to close. >> speaking of mobile, qualcomm's into that big-time. paul jacobs is here with us at the big board. we'll ask him what's behind his stock's sluggish performance. not exactly enjoying the benefits of this bull market, even though their earnings have been pretty good. >> they sure have. and then there's apple, it appears two weeks ago may have been a bottom, because apple is up 16% just in that two-week period. coming up, we'll take a look at whether it's time for investors to take another bite of the company, back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550

the dow is up 181 points. very strong reading on consumer confidence before that we have very strong reading on the housing market, prices up in the 20 city case shall index up 10.9% over the last year. solid gain. markets were ready to go after the holiday week and you can tell, want to tell me why? consumer confidence, housing, is ben printing money. charles: all that leads to good earnings. put it tiffany's earnings a you will learn why this is working. earnings up significantly around world. the u.s. was good, japan up 20%, up double-digit. you a e went from four million to twelve million, the world is on fire, the underbelly, this right here picking the steam, ben bernanke always said that kicks and around this area, 16,000. stuart: we are close to 15-5, if somebody buys something in the next couple seconds, there we are. 15,500, the dow is up 1-1/4% and still going. the consumer confidence number was released 1 minute and 40 seconds ago taking the dow from 170 to 194. we have a market rally on our hands

let's look at an intraday of the dow industrials. you can see right here what happened at noon or 12:30 p.m. eastern, we hadn't even heard what the minutes would be and the market sells off. what was that all about? >> you have to assume that either somebody interpreted or somebody knew something and word started to spread, because clearly the market absolutely reacted before the minutes came out, and so it always leaves you to wonder is who had that information, how did it get out, in the days of twitter and lincoln and facebook, it's almost impossible to figure out where it comes from, right? but certainly someone had that sense. i have to tell you, what did the minutes say rather than what ben bernanke said. he hedged himself every way. so no matter what happens, he can say, i told you so. in june, we're only four weeks away from june. how much better data is going to come out in one month that's going to change the opinion. in my opinion, absolutely none. if anyone thinks they're starting to pull back in june wit, i think it's ve

dow up just two points.ince it was three years ago today with the flash crash that the trading range that day was 1,000 points. today it's a mere 40. one of the narrowest days in the year. >> indeed. >>> also, warren buffett calling high speed trading, quote, legalized front running today on cnbc. >> it is not contributing anything to capitalism. >> coming up next, however, we're going to hear from one trader who says warren buffett and many others are only critical of high speed trading because they just don't understand how it really works. >>> meanwhile, mr. buffett is one of the many ceos who also is chairman of his company. but he says most companies should split those two roles. we'll look at both sides of that issue when we continue on "closing bell." how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quickly spot key trends and possible entry a

the dow hanging on. fact, we're heading back to the highs of the day, up 38 points right now on the industrial average. another all-time high. >>> up next, survival of the fittest. is it getting harder for hedge funds to survive in this historic rally? a lot of short covering going on. after all, day did underperform against a simple s&p 500 index fund. we'll talk to a top hedge fund executive defending her business, next. >> also, what can wall street learn from one of the most successful basketball coaches of all-time? there he is, coming up, duke's coach k. will be here with his lessons from the paint. back in a moment. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from cha

dow futures up by 1.8.e early trading and right now you can see biggest gains are coming in france where the

let's take dow scientists and tnc -- i'm sorry, tnc scientists and dow engineers, put them together and see how dow depends on nature and what they can do to protect it. for example, dow's big plant in freeport, texas, is right on the coast. so of course dow is concerned about storms and sea level rise. and so their first plan would have been to build seawalls to protect against storms. now together we're looking at investing in coastal ecosystems, a lower cost, likely lower cost and more resilient form of defense. but if dow invests in these coastal ecosystems, there are a whole bunch of environmental cobenefit. >> and then you have one major mistake that totally changes the perception of business, of -- like the bp oil spen in 2010, took a terrible toll on the company's reputation on the idea that you could actually be drilling deep water safely. >> right. >> mistakes will happen. >> mistakes will happen. we all have to be kind of humble. environmentalists will make a mistake, business will, the government will too. and by the way, there are also bad actors out there. we're not naive.

we have to show you the dow industrials.ls have lost 60 points since bernanke started to mention the idea that he would tap on the brakes when it came to printing money. that the justin brought the dow up. come on, charles. charles: when the final bell rings, we will be at the high of the day. what you said about kevin brady was absolutely amazing. he is asking direct, sharp, right to the point questions. you see the impact already. stuart: are you going to keep on printing money? when are you going to stop printing money? now we have to do something. charles: when kevin brady talked about congress and tax policy, i know bernanke is like, lord, please, yes, you guys are messing this up. take the weight off my shoulders. get your act together. please. stuart: at the end of this day, the market will be looking out bernanke. i think the market says, you know, bernanke wants the stock market to go up. he does. if we are all making money, maybe you will spend some more money in the general economy. maybe you will get this economy

the dow rose 106 points to 15,409 and that's the first time the dow has closed above the 15,400 level. the nasdaq was up 29. the s&p 500 added ten points. it was a bullish way to kick off the holiday-shortened week. optimism was the word of the day in stock markets around the world. the buying started even before the opening bell rang on wall street. stocks rallied from japan and china to london and frankfurt as central bankers promised to continue pumping money into their economies and to keep interest rates low in order to promote global growth. here in the u.s. investors were encouraged by that report showing home prices are red hot, and consumers are more upbeat about the economy. for today, investors shrugged off worries that the federal reserve will begin to taper its stimulus program. something that spooked the markets last week when fed chief ben bernanke testified on capitol hill. the dow surged as much as 200 points in the first hour of trading and then closed at a new record high, making this the 20th tuesday in a row that the blue chip average crossed into record territory

dow eetion down 92 -- dow's down 92 points.. [ whirring ] [ dog barks ] i wa ttrt mo dogs. ♪ our business nee more cases. [ le announcer ] where do you want to take your business? i neehelp selling art. [ male nouncer ] from broadband to web hosting to mobile apps, small business solutis from at&t have the security you need to get y there. call u we can show you how at&t solutns can help you do what you ... even better. ♪ ♪ >> your fox business brief, a record $40 billion in profit in the first quarter, nearly 16% jump from the same time last year; however, despite strong earnings, half the bank reported improved earnings from a year ago. the fcc finds nasdaq omx group $10 million for the facebook's botched ipo, the largest amount charged to an exchange. they say they violated securities law resulting in poor systems and execution. jpmorgan chase says cio is leaving the company, he's the latest in the string of executive departures at the bank in the waib of the losses costing more than $6 billion. j pmorgan is waiting to seek

the dow jones industrial average tonight at 15,295.up here on the big board at the end of the day with a decline of 11 points. the nasdaq composite also weaker, also on a wild ride today. but finishing

the dow jones and s&p closing at record highs, and the small stock index, the dow hit 87-point on the day it closed at 15,056. the record for the dow jones is here. the s&p is up nearly nine points, closing at 1625.96. another record for the broader index. in therussell 2000 and up eight points, the small-cap index also hitting a record high of 967.82. the nasdaq is up four points. boasng a 5wk cle. you n sethe citent l daheren t fox sine twor >> 1000, l of fksd we wldn'do tt unl th end heear. abt a nth o, ty we sayi tha the s&p, well above 1600s. >> directv jumping, the company saw better-than-expected growth. it actually grew with subscribers here is. >> we are all asking the wrong question here. for weeks and months i keep talking about the next catalyst in what's going to take the market higher. when really it is becoming a very hollow question. we now need to look for a catalyst. >> the rising tide is floating a lot of sips. the facthat they keep coming for these large names, if you will, i think it is almost a positive spin on all three major indexes posting double-digit gains.

the dow's a slouch, only up 6%.hat's a lot in a short period of time. >> well, you know, also, scott, laws of supply and demand are also playing in here too. you've got a lot of companies buying shares back, while m&a hasn't been real prominent this year, we think that's just a matter of time before that happened. fbikqfact, the s&p 500 is actuy contracting. the wellshire 5,000 doesn't even have 5,000 stocks in it anymore, because there's so many fewer publicly quoted companies. so there could be going back to a term that i haven't heard, back since the mid-80s rally, which was a shortage of equities with accounting for today's upswing in the market. and we might be heading in that direction again. it's the laws of supply and demand might be what is dominating this, which makes me think that the inevitable pullback may not be terribly tradeable. that you don't have to be completely out of the market. it could be a churning process among sectors, and you might see some sectors outperform and others underperform. we

dow futures up by 1.8. we've watched european stocks and some early trading and right now you can see biggest gains are coming in france where the cac is up. in asia overnight, yesterday the big news was japan and everything that happened there. you can see this morning the green arrows continue. the hang seng up by 0.8 of a% and nikkei gained. it's at 14,285. andrew? >> welcome back, becky. great to have you back. great to see you in omaha. you did an awesome, awesome job on monday. >> under adverse -- >> under adverse conditions given the condition with the bird. the bird. >> that bird hung out until the last four or five minutes because it would have been awful if it happened earlier in the show. >> you knew it was there. >> i did. it splattered all over my notes. it was everywhere. >> you washed your hair, right? >> no. i left it up there. of course i washed my hair. >> it's white. that's what i don't understand a lot of times. >> could you see it on camera? >> i thought it was hard to see. >> it was a

dow jones industrial average. take a look at how we're finishing out on the street today after a long holiday weekend. the dow jones industrial average, up 107 points today, 0.75%. the market had been up better than 220 points earlier on, so we're closing well off the highs of the session, but nonetheless, an all-time high and that 20th straight tuesday of gains. nasdaq, up 30 points today, almost 1% there as well. and the s&p 500 tonight, up 10.5 points, two-thirds of 1% on the upside. the summer kicking off with a sizzling side on wall street. josh lipton is in the middle of it, talking about where stocks are up all day. >> another day, another record for the dow. as you pointed out, we did close off session highs. have been up about 218. we still, though, rack up a triple-digit gain, up about 107 points at the close. positive economic data on home prices, on consumer confidence. you hit a post-recession high. and some traders down here telling me this morning, why fight the tuesday. as you and bill were pointin

for the dow, the winning streak is six. >> the great divide. is a sell-off in the bond market for real? we'll ask an expert if the glory days are over for u.s. treasuries. >>> conquering cancer. the promising treatments being developed by some of the world's biggest drug companies to fight the deadliest forms of the disease. all that and more, tonight, on "nightly business report," for friday, may 31st. >>> good evening, everyone. welcome. the month of may felt more like the month of march today. going out like a lion. selling modest most of the session. in the last hour it hit hard. wave after wave as portfolio managers made month- end moves. the range from high to low on the dow, 277 points, biggest since january 2 knond. it's the worst performance since the day of the boston bombings, nasdaq down 35, s & p lower by 23. all three finished with losses for the week. nevertheless, each of those major barometers ended the month of may with gains, first time that happened since 2009. monthly win streak stands at 7: seven for the s & p, six for the

the dow 166 points.ack before the new york stock exchange, nicole, job job suppot setting the tone this morning but it really was a wild week for the market, other economic news that wasn't so great. nicole: we have a very, native said for the last findings we have found, and the dow jones industrial up 168 points at the moment all three major averages gaining more than one full percentage point each. some names on the move because of earnings. it is important to look at how companies are doing. first starting off with craft hitting a 52-week high, right now as we speak the highest level in the year-to-date about 20%. profit beats the street, shares on the rise, oscar mayer, that is good news as we saw the profit exceeding the analyst estimate. take a look at linked in coming under pressure with the revenue missed while they had higher membership premiums that were good, the guidance was below the analyst expectations. back to you. melissa: thanks. the headline number in the job report coming in the priv

the dow is up 42% since -- >> three years ago.. >> fennelly tonight "fortune" magazine is out with the annual list of the world's biggest companies by revenue. walmart has reclaimed the top spot this year from exxon mobil which dropped to number two. rounding out the top five, two other oil giants, chevron and phillips 66 and warren buffett's berkshire hathaway. we've been talking about him. apple, the world's most valuable company cracked the top ten coming in at number six and facebook joined the exclusive club for the first time, tyler at number 482. >> you look at those numbers and you realize how big berkshire hathaway is, bigger in sales than apple which we make so much noise is about. >> if you count it on profits, it's number two after exxon, which is amaze happening. >> and if you count it by market value, it's back at number one. >> that will do it for tonight's edition of "nightly business report," i'm tyler math son. thanks for watching and tyler will be right back here. see you tomorrow. >>> "nightly business report"

the dow climbing above 15,000 now.eated g to the employment report in april and an upward revision of 114,000 for the two months before. here to sort it out with us to work through where we trade from here, art cashin, ubs director of floor trading. good morning. >> impress sfd. >> i am quite impressed. >> most of us in the trading community were caught flat footed and we were looking at the purchasing regional manager reports and things of that type. even things like the philly fed and others. none of them predicted anything like this and then adp threw everybody a little bit off. this number is very good and i was impresseded with the fact that the average workweek, decreased slightly. that may mean that after months and months of pushing people to work overtime to avoid hiring they've cut back a little bit on that over time and now we're actually hiring people and that would be a good long-term sign. >> what does dow 15,000 bean for the future? >> i think 15,000 is a bit psychological. the fact that they were able t

we'll be right back, record territory for the dow jones industrials. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids anmortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade. liz: yet another record for the dow jones industrials. pe're getting ready for after the bell. first we bring in david asman. david: you don't have to. a day like today everybody wants to come into the market. it won't quit. record all over the place. liz: let's go to nicole petallides at the new york stock exchange. nic, it looks like a lot of short-covering. heavily shorted names once again outperforming and causing pain for those trying to keep them down. >> they do outperform the market. what happens the shorts get squeezed, right? they were betting they were go the other way and the

it will look similar to what they did with the dow where the dow -- where the s&p in 2000, we crashed fell by half and we were at 1500 and change. we wound up having a substantial housing correction as kay shiller eludes to. >> and on the valuation front for equities. everyone talks about how it's traded to a discount on its multiple. valuations almost never trade at the average. there are always one, two standard deviations and getting to fair value that it might be the case based on averages and there's nothing to say that we're not going blow past that, and the multiples is to have high inflation. >> i just want to mention the 10.9% year on year increase i believe is the highest annual increase since april 2006. the pace of the increases in home prices is certainly consistent with the boom era which is surprising, but i wonder again going back to the point about what the fed does in response here, we're talking in response of the leadership transition potentially. how much more important is it that dan think about larry summers coming in to succeed the bernank? >> we are still well

the dow opened lower, up 86. now we're just up 13. who knows what the message of the market is today. we'll talk about that in a moment. but the dow is, any positive close, a new all-time high. nasdaq maybe dragged lower by apple, which fell below its 50-day moving average earlier today, and continues to defy the odds. it's down 20% this year, apple is. even as the nasdaq was setting these 12-year highs. we're at 3456 right now. there's the s&p. any positive close there for that one will be another new all-time high. we're up 2.25 points. in today's closing exchange, we have chris retsler, and our own rick santelli, of course. larry glazer, i mean, we talk often about this wall of worry the market climbs. u you say the market's already gone over the wall. >> you know, they say the bull markets do climb a wall of worry. the news flashes were over the wall and on the other side, we're looking at green. that's what we're seeing here. the advice to investors is, don't be afraid to take a profit. don't be afraid to transition your portfoli

the dow has been up for five consecutive months. right now, i have to tell you, the dow is down.ackberry. there will be no need to own a tablet in five years. the new blackberry flew off the shelves at that very thick store in london. sold out in two hours. blackberry stock, though, down. netflix losing a lot of movies and may. more than 1700 titles from its streaming library will be gone by the end of this month. licensing just expired. coming up, my take on california and basketball. ♪ ♪ stuart: look at general motors stopped for a second. it has now hit $31 a share. year over year sales were up 11%. did you know that cadillac is now the fastest growing trend in the auto industry? time for charles to make you some money with a very interesting company. it is called open table. charles: whenever you try to make a reservation, a lot of times this is the website they use. the business model is essentially you make a reservation through them. the restaurant will pay them a certain fee. they also get some listing fees as well. the bigger they get, the more important they come. it is

all but two are outperforming the dow since 1999. for "nightly business report," i'm mary thompson. >> americans spent a bit more money at big-name stores last month. gains in the labor market, the rally on wall street and gas price drops. overall sales rose 4.7% in april compared with the same month last year. >> many of those same retailers have their apparel made overseas where a key concern is worker safety. one of the major focal points right now for safer working conditions is bangladesh, where multiple tragedies have befallen factory workers the latest just last night. how do consumers and companies react when disaster strikes at suppliers overseas? courtney reagan has more. >> yet another tragedy strikes in bangladesh's garment industry. eight people died when fire spread through a bang will determine clothing factory, adding to the tragic loss of life from a building collapse two weeks ago. at least 900 bangladeshi garment workers perished in that collapse, the deadliest industrial disaster in world history. but not the fori