jim grant joining us.n't miss my exclusive interview with michael dell fresh from his victory to maintain control of his company. he has big plans for dell. do those plans involve taking the company public once again down the road after taking it private on this round? first, fire and floods. out of the bible and out of real life in america this week, unfortunately. a raging fire destroying a large section of the rebuilt new jersey boardwalk. just what they needed, unfortunately. fast rising floods swamping colorado as well. we'll take you to both places live next. cond. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >>> welc

jim grant, want to get his take on the two-day fed meeting. we'll ask him what he think ben bernanke will do next week and his thoughts on larry summers to be the next chairman of the federal reserve. you don't want to miss either of those interviews coming up on "closing bell." >> how about this for a hash tag, feesy frien feeding frenzy. could a successful public offering for twitter restore confidence in a generation that inherently distrusting the stock market. we thought that would be facebook. didn't happen 37 will it happen with twitter? >> i didn't expect it would happen this soon they would file the s-1 with the s.e.c. dow jones industrial average up 70 point, close to the high of the day, which occurred around noontime, 12:30 or so. 15,371. check the nasdaq. also seeing gains there. fractional. limited gains for the nasdaq, even though tech has been one of the better performing sectors this year. up 5.75 quartthe s&p 500, ant t high but close to it on the standard & poor's. friday 13th turning out to be a lucky day for the bulls as w

we'll ask fed critic jim grant if he thinks the fed will start tapering next week.uld succeed chairman ben bernanke? and don't miss an exclusive interview with dell fount founder and ceo michael dell. why he doesn't plan to get into the cell phone business and how he plans to cash in on the crowded cloud industry. all that and much more is ahead on the final and most important and unpredictable hour of the tragts trading day that being the closing bell. to work with someone. someone you feel you can really partner with. unfortunately, i've found that some brokerage firms don't always encourage that kind of relationship. that's why i stopped working at the old brokerage, and started working for charles schwab. avo: what kind of financial consultant are you looking for? talk to us today. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the

number three, jim grant recommends shorting kuhns or selling kuhns, selling newman in his latest rate you should listen. sales of andy warhol, topped $585 million. jay z is rapping about art. picasso baby says, it ain't hard to tell on the new jean-michel surrounded by warhols my whole team ball twin bugattis outside art basel. >> so subjecttive, so untransparent. >> absolutely. prices now may be even crazier than normal. >> pop! thank you so much. >> thank you very much, everybody, for watching "street signs." >> "closing bell," that fine show s coming up next. we look forward to seeing you tomorrow again on this fine show as well. >>> hi, everybody, welcome to the "closing bell." i'm marie bartiromo at the new york stock exchange. the mood is a bit different today as we remember the attacks on 9/11, 12 years ago. >> i'm scott wapner in for bill griffeths. we remember the day. a lot of american flags around the building today. just to get this building back open as rudy giuliani was an achievement in itself. >> that is my deepest memory.

. >> one of the experts that you spoke with was jim grant.a lot, one of our regulars on "closing bell." he's been very critical of the fed. >> absolutely. the film is critical of the fed but we try to have it constructive. the question is are we doing the same things over and over and expecting different results. we pushed up house prices with easy credit and fed stimulus and we know how that worked out. right now the fed is really in the 2012 qe announcement bernanke stated that this policy would push up stock and housing prices. the question is are we creating an economy that's dependent on the fed, markets that are dependent on the fed. with all the taper talk you've seen, the question really is can the fed exit its current position. >> can they? i mean, that's the question. that's why this market is having such a hard time with the beginning of tapering. >> that's the big story going forward. can the fed normalize its policies. the longer they maintain qe, they create an economy, and a market that's deponent on them. the biggest risk that

jim grant saying that advisors to -- investors in art should, quote, short coons and sell newman.tion in sotheby's in the spring for more than $10 million. grant wonders how you tell a work of genius from, quote, just another vacuum cleaner. the newman he's talking about is barnett newman whose painting one mint six sold for $43.8 million at auction. it's in the eye of the beholder but grant says all the hype and interest rates may be overinflating some artists. miniature interest rates have reduced the opportunity costs of investing in any kind of nonyielding asset and histories that yet to judge artists whose painting dust heads just sold for $48 million. how do you trade it? grant says buy lincoln as in abraham lincoln and historic documents from founding fathers. lincoln letter sold for a mere $81,000 in june and the first newspaper printing of the declaration of independence sold for $632,000. well koons may be friendy lincoln will never go out of style. >> i will sell my beautiful vacuum cleaner for less than the cost of that. >> okay. >> if anybody wants to make an offer. t

later tonight. >> pam: fallout from the fight. >> pam: 49ers coach jim harbaugh defended his team hood of a packers player. >> pam: grants tracking this story that really has people talking tonight.grant. >> reporter: just delete it and to defend and was hit in the face. how about tackled as to that. >> i look at this with my own eyes what to punches pulled. one punch and one , in nine if you are going to go to the face police to use your knuckles and not an open slapped parrot that young man worked very hard at being a tough guy he may have some prepared to to to his image after the slap her it >> reporter: these guys are down going to back down in situations like this. at people are reacting to the slack gate on fancy facebook fan page. >> mathews was just mad because we beat them last season and we did it again. >> reporter: they sure did. we would invite to to join the conversation and stick around for duran radnich etch. pam? >> pam: >> pam: himself back in handcuffs this morning. >> pam: the shocking details of why he was arrested. plus: apple users awaiting the newest iphone. which will be unveiled tomorrow. >> p

most of them said they're still deciding how to vote after the president granted them the input they demanded. connecticut democrat jim heinz: >> there's a great deal of skepticism in the room about-- about the utility, effectiveness and support that we would have for the kind of strikehat the president has proposed. >> reporter: lawmakers said they trust the administration's evidence that syria's government gassed its own people, but that may not be enough. california democrat janice hundred. >> i feel terrible about the chemical weapons that have been used. however, we know the chemical weapons have been used in other instances and we did not take military action. >> reporter: even members who had consulted with mr. obama said they were surprised by his announcement saturday that he would seek authorization from congress before acting. arizona republican john mccain was one of them. >> reporter: do you think this was mostly a political decision the president didn't want to go- it-alone without congress? >> i do not know what went into his thinking. but if that decision was to be made and in my view it should have be

grant? >> caller: a big boo-yah to you, jim. >> same. >> caller: calling in regards to ets, mortgage free down 28%. do i sell it, hold it -- >> sell, sell, sell. it's in a losery protection. everybody sighted dividends, high payout on mortgage rates and the principle decline sewed much, the dividend doesn't matter. avoid plague-like. mike in minnesota. mike? >> caller: boo-yah, jim. how are you? >> it's hump day. what's up? >> caller: hey, checking in on homes that bounced off the bottom pup think they still got up side where what do you think? >> go with lennar. we know for a fact they have good numbers. why deviate and go down there? we're not playing that game. mark in michigan. mark? a lot of marks. >> caller: big momenter city boo-yah to you, jimmy. big fan. big fan of the show and the books. doing a great job. >> how about whole foods opening right in the middle of motor city? love that. >> caller: all of this talk with tess lowe, can't stop thinking about the electrical grid and all the work that needs to be done. quanta services, pwr. >> tock is always a bridesmaid never a bride. sits

jim sutton is his lawyer. the answer is straightforward. [speaker not understood] is so institutionalized in san francisco it is taken for granted. i call this buying exception from accountability, but in fact the influence of the drifters and the thieves of political assets is so entrenched that it is the sort of respectability to be a part of that. the occupied movement is correct. you're going to bleed the society until it collapses completely. the damage is to the faith of our citizens in our society. david chiu having me arrested does not solve society's problems and the lies cost more [inaudible]. thank you. >> thanks. next speaker. >>> hello. thank you, board of supervisors. i'm a medical interpreter at ucsf medical center as well as a free-lance state certified medical interpreter. in principle i'm in support of ab 12 63 because there is a shortage of qualified and especially certified medical interpreters and collective bargaining rights for free-lance medical interpreters would go a long way toward filling that important gam in meaningful access to health care for patients. i would appreciate if you consider the passage

grant. >> mairl steep. >> i know it's shocking. >> jennifer aniston. >> you go with jennifer aniston? >> yes. i am. jimy. >> george clooney is a good actor. >> just cloon gee hanson like that. >> good looking guy. >> sandra bummock she rocks. she does different roles. >> this is much better. >> who does not he deserve to be acting in movies these days? >> keanu reeves. >> just isn't a good actor. >> nick cage has been going down hill honestly. >> i don't watch lifetime. >> lindsay lohan pumps out the worst things i've seen. >> jennifer lopez. >> she was only good in that movie she got beat up. >> do you ever watch bill o'reilly? >> yes. >> what is your favorite parts of the show? >> talking points memo. >> are you bill o'reilly? >> i hope not. >> i'm reading your book "killing kennedy" and it's very good. >> now, do you know what that knows -- shows? lack of history among younger people. best actor in my mind marlon brandon. >> right. >> then you have lawrence oli. vier. dustin hoffman. will ferrell? you had seen it's been -- you had citizen cane. godfather. none of those were mentioned. >> right. >> y

granted it and he was honorably discharged. so any service record would simply say honorable discharge, no asterisks. >> jim miklaszewski from theor us, mark potter from texas for us, a big thanks to both of you. certainly a difficult day for survivors of the navy yard shooting, a difficult day for their families as well. during his remarks yesterday afternoon, president obama called employees, employees behind me, called them patriots and also pointed out the irony of the attack. >> these are men and women who were going to work doing their job protecting all of us. they're patriots. and they know the dangers of serving abroad, but today they face the unimaginable violence that they wouldn't have expected here at home. >> joining me live now, retired navy commander, kirk lipold, was the commander of the uss cole back in 2000 when it was attacked by terrorists docked in yemen. two of his former shipmates were on the third floor of the building behind me, building 197 yesterday morning at the time of the shooting. commander, thanks for coming by. >> thank you. >> you are very familiar, very familiar with that building, very famil

granted me just a little while ago. that interview coming up here in "the situation room." our senior white house correspondent jim acosta is here at the white house as well. he's got a special report for us. i want to warn our viewers that what they're about to see in his report is very graphic and very disturbing. tell our viewers what you have, jim. >> well, wolf, as for that russian proposal that we heard jim talk about, the administration officials are all using the same words when talking about it, saying that they're going to take a hard look at it and even as that proposal is being considered, administration officials are as you said pulling out all the stops to get that vote for congressional authorization up on capitol hill, including welcoming an estimated 70 members of congress to the white house just today. it hasn't let up all day. a steady stream of republicans and democrats from top gop leaders to hillary clinton and the congressional black caucus, all meeting with administration officials making the case for lawmakers to approve a military strike against syria. the administration shifted into over