i'm jackie deangelis. shares of kenneth cole after the board approved cole's offer to buy back the rest of the shares company that he doesn't own, remember he offered $15 back in february. that was rejected. the stock up just shy of 4% today. sue, back over to you. >> thank you, jackie, very much. it's a day with the markets up more than 200 points. 215 to be exact. we're keeping an eye on hartford financial in the middle of that. it is trading on the upside today in a very strong market. however, it's been a tough year for this stock. as a matter of fact, for the year it's down 32%. today it is up a strong 3.6%. liam mcgee joins me here part of the yale ceo summit going on. nice to have you here. >> great to be with you. >> let's start first of all with the market. you run a huge corporation across financial services. >> yes. >> how do you navigate the volatility that's inherent in this market where one day we're down almost 200 points, and today we're up 218? >> well, you know, i think it goes back, sue,

no doubt, helpful to consumers. >> cnbc's jackie deangelis. for the first time in a decade, tiger woods is not the highest paid athlete. t newest list, five, tennis star roger federer. $52.7 million in a year. number four, lebron james of the miami heat. $53 million. highest paid basketball player. a lot is endorsement, of course. up next, tiger. $59.4 million. down $16 million, though from last year. boxer manny pacquiao. die say that right? why can i never get his name right? don has no idea how to pronounce it. he's not talking in my ear. second with $62 million. not the highest paid. two fights, heavyweight champ floyd mayweather brought in, ready, $85 million. the medicare debate continues in washington... ...more talk on social security... ...but washington isn't talking to the american people. [ female announcer ] when it comes to the future of medicare and social security, you've earned the right to know. ♪ ...so what does it mean for you and your family? [ female announcer ] you've earned the facts. ♪ washington may not like straight

let's get a market check now from jackie deangelis. >> hey, simon. we're watching shares of hp here. not a great day for the stock. on pace now for a new 7-year low. in fact, it's the worst component on the dow this year down roughly about 19%. and some other new lows in tech today as well. take a look at dell, juniper, sandisk all following suit in the same direction, lower. >> thank you, jackie. there's talk of a grand plan for tackling europe's debt crisis, it's turning into an incredibly critical week for spain. a meeting tomorrow to discuss the crisis. our chief international correspondent, michelle caruso-cabrera, is here to get us ahead of any news. >> news broke just in the last few minutes, sue. we had a news conference between angela merkel and berosa, they said we are talking about a lot more integration when it comes to the banking system in europe, but that is a mid-term goal. in other words, not right away. that may be why we see the markets moving lower because while they're talking about a long-term solution, in the short-term you hav

we turn to jackie deangelis. good morning. >> good morning. futures slightly higher this morning after stocks finished mostly in the red yesterday. the fed decided to extend its bond buying program called operation swift to boost the economy by keeping interest rates low. the fed cut the growth forecast and ben bernanke says he is prepared to do more if needed. he says that the job market has lost steam and europe's debt crisis is affecting the u.s. economy. the asian and european markets in the red and in the u.s. some data this morning on unemployment, manufacturing and existing home sales. we saw the dow fall to 12,824, nasdaq up to 2930. apple geniuses bill get a fatter paycheck. store employees are due for raises up to 25% following a review. apple employs 36,000 people at 350 stores, two-thirds are in the u.s. workers typically get $9-15 an hour, $30 for tech support. >> thank you, jackee. >> it is one of the bay area's popular fund-raisers of the year, root beer float night at the coliseum. thousands showed up to grab a free root beer f

we turn to jackie deangelis. good morning. >> good morning. futures point to a higher open after yesterday's sell-off it was the second worst trading day of the year. following reports that manufacturing activity is slowing in the u.s., europe and china, raising concerns about the global economy. oil prices also tumbled as the economy is stalling out, there may be less need for energy. crude at 78 a barrel. moody's would cut ratings on several companies which it did, the agency downgrading 15 banks, saying that prospects for long term growth are shrinking. the move makes it more expensive for bafrpgs to raise money but since interest rates are already so low it may not make much impact and retail consumers might not notice much difference. the dow plunging to close at 12,573, the nasdaq to close at 2859. a bankruptcy judge postponed a ruling whether american airlines can break its union contracts and in pose cost cuts including thousands of layoffs. the ruling is delayed until next friday to give america and the unions more time to talk. ameri

for that and the rest of the news before the bell we turn it over to jackie deangelis. good morning. >> good morning, jon. u.s. futures are pointing to a higher open so that's good news but stocks did lose ground on monday though the s&p 500 did extend its gains. there was no relief rally after the greek elections as investors turn to other trouble spots in europe, mainly spain. yields on spanish bonds hit record highs as the bad loans on the books climbed to the highest level in more than a decade. like the u.s. remember spain has gone through a housing boom and bust. we'll get data on housing starts and building permits, so watch for that. the fed begin as two-day policy meeting. the dow fell yesterday t nasdaq gaining 22 to 2895. the government is launching an online data base to track credit card companies. the site will let users see what type of complaints have been issued against banks. you can see how banks responded to claims. it may include mortgages, student loans and bank accounts. microsoft unveiled its own line of tablets it's calling surface. there are tw

let's turn to jackie deangelis. good morning. >> good morning to you, scott.he futures point to a higher open on wall street after stocks finished mostly in the red yesterday following the fed meeting. the fed did decide to extend its bond buying program in an effort to boost the economy by keeping interest rates low. the fed cut its growth forecast and ben bernanke is prepared to do more if needed. he says the job market lost steam and europe's debt crisis is now affecting the economy. here in the u.s. we're going to get data on unemployment, manufacturing, and existing home sales. the dow fell to 12,824, the nasdaq up a fraction to 2930. more people are planning to go on vacation but about one in five say they can't afford one. a survey finds that stay indications are still popular. many saying that they take work with them on vacation, 30% say they stay in touch with the office while they are awade and 15% say they gave up vacation days last year because they didn't have time to use them. >> stay indications aren't so bad. i like walking around and seeing a

[ male announcer ] ...forbusiness.com. [ yawning sound ] >>> i'm jackie deangelis at cnbc global headquartersh a news update. federal prosecutors calling for a maximum sentence of 230 years for convicted ponzi schemer alan stanford. linkedin confirmed some passwords stolen. the data breach may have compromised millions of users on the social networking site. stock not impacted by the breach. >>> and many thousands of americans fought their way to the shore of normandy in france. up next, larry's exclusive interview with governor jeb bush. "the kudlow report" returns in a moment. >>> welcome back to "the kudlow report," i'm larry kudlow. this half hour, maria bartiromo's interview with bill clinton is generating aftershocks more than 24 hours later. no sooner had the key point on recession and extending tax cuts hit the air waves that clinton and the obama white house tried to walk back the former president's remarks, saying clinton misspoke. let me tell this amateurish white house something. they probably already know. bill clinton is a professional. he never misspeaks. also tonight, greece r

. >>> you mentioned some of biotech firms jackie deangelis is following some of them. >> it doesn't feele nasdaq, either. and some of the biggest stocks, you can see them here, apple, microsoft, google taking big hits that, then there's rimm, this one a downgrade for morgan stanley to an underweight. the issue here, some of the concern coming around the new phone that's expected to come out. even if it does well, it may be too late, of course r.i.m. already reporting earnings later this week. we saw some strength last week in the biotech names, but seeing some selling pressure as the risk is coming off the table. tyler back over to you. >>> four-month high, jeff killburg, which side would you -- >> wee seeing a limit he, just talked to the wolfman, people are getting crazy there. it goes back to the farmers. right now they're some of the sharpers traders in the market. there's a lot more room to run. don't try to short this. >> go with the trend. >> trend as your friend. >> thanks, jeff. >>> a handful of ipos are on tape to make their debut this week. how will they fare? joining us with

cnbc's jackie deangelis has more on that story. jackie, good morning. >> good morning, richard. people are planning to go on vacation this year, but one in about five say they still can't afford one. in fact, a survey by careerbuilder.com finds that staycations are still a popular option. many people take work with them on vacation. 30% say they stay in touch with the office while they're away anyway. and 15% say that they gave up vacation days last year because they didn't have time to use them. >>> meantime, larry ellison adds an island to his vast empire. the oracle founder and ceo has agreed to buy hawaii's sixth largest island for an undisclosed sum. some reports say the price tag is between $500 million and $600 million. he's buying 141 square miles from rupert murdoch. ellison shut down the pineapple operations years ago in favor of luxury resorts and housing development. lenni is home to two four seasons resorts and golf courses, and in 1994, bill gates booked every hotel room on the island for his wedding. i guess my invitation got lost in the mail. richard, back to you

jackie deangelis is there. >> hi, tyler, things are rebounding after yesterday's sell-off.rt with the apollo group leader on the nasdaq. after reporting its first quarter fiscal profit dropped 30%, the stock is still up more than 9% because the number was better than analysts expected. still getting a price kindergarten kindergarten -- price target at credit suisse, probably seeing short-covering in this name. i want to talk about sea-gate, as of friday after the close, it will be added to the s&p 500500, getting a 4% pop there and and chemicals, still interested in acquiring this, sitting on a lot of cash and looking to refresh their pipeline as some drugs come off patent. >>> falling crude prices will hurt second quarter results. you would think normally falling crude prices would be good for an airline. this story has a little bit of a twist to it. >> that's right, sue. at times falling prices can be very good. not when the plunge is so quick and unexpected. airplanes are shaving quarters or 50 cents off the expected prices for 2012. along with that elaborating hedges th

jackie deangelis, almost 2% to the downside. >> that's exactly right.r pressure today but the worst performer on the nasdaq 100 actually bed, bath & beyond. first quarter profit jumped and the second quarter outlook for the company the problem and margin compression there and bed and bath down 16% today and taking a look at shares of celgene down after the company withdrew an application to sell its blood cancer drug for a wider patient population in europe. they asked for more information proving the benefits versus the risks and micron down almost 7% and said that flash memory market is still weak. seeing some pricing down, sleepily quarter on quarter. not just pressuring micron but also lsi and sandisk. brian? >> thank you very much. >>> talking with rick, are you surprised there isn't more money going in to the long end today or what? >> no, not at all. i'm not so sure there's a boatload of money going in the long end. i think there's some and some selling that ensued that may be unwinding a bit. start at the real beginning here. really in the begin

let's go uptown to the nasdaq and find jackie deangelis. >> thank you, tyler.ey stocks to watch. i want to mention ctrip first, the company announced that it would potentially be buying back shares. up to $300 million of the adr. also celgene with the rise of yesterday an announcing a $2.5 billion stock buy back. an example of a bio tech company tapping reserves to boost confidence. shares of adobe down before and flat on the day at this point after a downgrade of jeffries. price target cut from 38 to 32. and i also want to mention green mountain coffee roasters down 5% on the day after are research shows that sales of k-cups slowed there. sue? >> thank you very much. >>> more breaking news now from scott cohen and brought us on the stanford sentencing and me's back with us live with more. scott? >> this 110-year sentence is less than half what prosecutors asked for but it accomplishes what they and thousands of victims wanted. allen stanford will go to prison for the rest of his life. he was also ordered to forfeit $5.9 billion, that is largely symbolic, as we

jack jackie deang loss, you have all the action today. >> morgan stanley raised its prior target to $18e groupon clones out there like living social and amazon local, they've become less relevant. we've seen a steep share drop in groupon this year. they're saying morgan stanley, that the valuation at this level looks attractive. also all eyes on microsoft waiting for that event after the close. it's going to take place at 6:30 p.m. eastern time and we're waiting to see if they're going to unveil a tablet on a windows 8 operating system potentially to compete with apple and the ipad. it will be interesting to see what microsoft has to say. shares are trading down nearly 1%. >> thank you so much, jackie. we shouldn't be complaining about the market because if the greek elections went the other way, we'd probably be seeing a much tougher trading environment today. >> it doesn't mean it's open field for the bull. we've had a pretty lackluster, narrowly trading day. joining us, our guests today, i guess we figured it out. >> i guess people feel the upward movement they saw in the market last

jackie deangelis is following the big movers. >> we are in the red and seeing the shares of the solar companies. reports in japan that the government to introduce tax incentives to make that solar technology more attractive to users there. so we're seeing a nice move in first so lor and also in sun tech power and shows of ebay today. liking the company's push to break in to physical offline commerce of paypal and popping nearly 5%. also infiniti pharmaceuticals here. treating bone and cartilage cancers and results have not been what they were expecting and down 11% intraday, down 5% right now. sue? >> thank you very much, jackie. >>> all right. rick santelli is tracking the action at the cme. the fed looms front and center and very large over the market. how does it look? >> well, you don't need a big rear-view window. when's behind us with greece isn't the issue. it's what's in front of us in terms of solutions. and we're going to continue to grapple with that. we can see funding and the bigger countries like spain, italy under the microscope. look at the intro days. it's flattening

i'm jackie deangelis with a quick market flash.e watching human genome and glax sew smith clien. a statement regarding glaxo-smith saying the board of directors has rejected saying the offer is inadequate not expressing inherent value within the company. they are looking at strategic alternatives and invited gsk to participate in that discussion, but they came back with this bid which they are rejecting $13 per share. we're looking at both of those stocks down 1.25% each right now. sue, back to you. >> thank you very much, jackie. with the dow down almost 260 points, let's talk to our traders. kenny joins us from i cap, oil trader anthony, bond trader alan and zach karabell back at hk. all talking about these markets today. kenny, i'm going to start with you. you said to watch the 1280 level and we penetrated it or got close to that. what are you going to do at the end of the day? >> in fact, we have penetrated it. what i would expect to see at the end of the day is if we don't rally above it, you're going to see pressure on the en

jackie deangelis has details. don't scare the kids now. >> hey there. yeah.ogy shares continue under pressure here at the nasdaq. let's take a look at worst performers on the day. starting with rim. can't ignore that that one. suffering a downgrade to underweight $7 price target. this ahead of the earnings target on thursday. trouble with rimm continues with restructuring and concerns that the company may be up for sale. then anything chip related or seem write related today under pressure as well. take a look at broadcom and intel and call cqualcomm. bio tech no exception. vertek is taking a hit along with other names good performers. last week we are seeing profit taking here as risk is coming off the table. >> thank you very much. equities getting hammered today. while the markets continue to react to headlines out of europe. listen to this now. cnbc contributor dan greenhouse says the looming fiscal cliff remansz the number one concern. >> mine, too. how can investors protect themselves against head winds from both sides of the atlantic? dan greenhouse jo

jackie deangelis is tracking the action at the nymex. seems like they're covering bases going into the weekend. >> absolutely. upside surprise into the weekend. a lot of unknowns and uncertainty out there especially with europe. and traders telling me their eyes of course very close on that. i want to highlight the fact we had a weaker euro and stronger dollar today. seeing a little pressure on the other metals, but a disconnect with gold at the end of the day here. one trader telling me if the front month price doesn't hit 1600 next week and stay there, we could be going lower, like in terms of 1526 or 1500. not a great day for the rest of the complex either. copper the biggest loser falling more than 2% in fact on concerns about a slowdown in the global marketplace. more economic data coming out of china this weekend. we're going to be watching that as well. and copper falling to its lowest since december in fact extending losses for six straight weeks. sue. >> thanks, jackie. all right. goldman sachs, deutsche bank and barclays all re