we have a fascinating day including jon hilsenrath. first us airways officially completed their merger with new york carrier, world's largest, called american airlines group. this a combined entity. trading under nasdaq ticker symbol, aal. we'll be watching that very closely. cheryl: the stock is jumping today. mcdonald's today reported weaker-than-expected global sales at established restaurants in november the world's biggest hamburger chain was hurt by sharp drop in comparable store sales in the u.s. david: cisco's stock is on a tear today. after the company announced it is buying rival u.s. foods -- sysco. paying 3.5 billion for the purchase and assuming 4.7 billion in debt. cheryl: upgrade from morgan stanley, wall street firm raising stock from overweight to equal weight with a 60-dollar price target. david: teen apparel retailer abercrombie & fitch is extending ceo mike jeffries contract for another year. that is good for him, not necessarily for the stock. this is days of an activist investor called in the company to replace hi

we have a fascinating day including jon hilsenrath.pleted their merger with new york carri

jon hilsenrath, doug colt, that was great. thank you so much. ashley: we have breaking news.lish a transparency report disclosing law enforcement requests for customer information. this is all stemming from the nsa spying controversy. verizon says it expects to publish an initial report early next year and update it twice a customers privacy. verizon moving slightly higher in today's trading. interesting. >>> forget losing its luster. gold is on track to end a 12-year bull run. we're live in the pits of the cme with how low gold can go. tracy: mark zuckerberg selling $2.3 billion worth of facebook stock. so what does that mean for his voting rights and basically his plans? all that money, we'll find out. ashley: looking to share your shares of facebook too? coming up in the tech minute. interesting story of zero commission stock trading that just secured 3 million bucks in seed funding. >> how about that. as we do at this time of day every day, look how oil is trading. it was $99 a barrel. it is just below, $98.84. traders rising eyeing demand after the fed begins tapering in

some people like jon hilsenrath from "the wall street journal," some others says that is become one ofndates for the federal reserve. they look for the stork market for clues as which way to go. is that correct or incorrect? >> no that's incorrect. first of all our job is to do what is necessary for the real economy. the bond markets are of course focused on intensity of what we're doing at intermead yacht or longer part of the yield curve -- intermediate. we're not driven bit stock market. i never heard ben bernanke who i speak to constantly ever say he is worried about the stock market. it is really what is good for the real economy and good for the american people. we have difference of opinion but that is what we're guided by. david: on the other hand back in may and june when the stock market went bananas because of talk of tapering it looked like there was an all-out p.r. campaign orchestrated by the fed to try to calm the markets. >> bond market used term bananas that is not fed-like term. the bond markets shot up 100 basis points. that is where you had to focus on the attention

>> we'll talk to wall street journal's jon hilsenrath, is there december taper on the table?lissa, thanks. great being with you all week. it's been a long time. fantastic work. appreciate it. thanks for watching, everybody. >> "closing bell" is up next. >>> hello and welcome to the "closing bell." we made it to friday. i'm kelly evans here at the new york stock exchange where things look good in terms of breaking a five-session losing streak we came into today. >> we're almost positive for the week on the s&p. just with this rally today. >> we're watching decimal points, bill. 18005.81. that's what would make us positive for the week. it would be the ninth positive week in a row for the s&p 500, which is the longest winning streak -- or first time we've had such a winning streak in almost ten years since january 2004. >> she's a bigger market nerd than a

jon hilsenrath, chief economics correspondent for "wall street journal" great to have you here on christmass, jenna for having me. jenna: talk about the santa claus rally, what exactly is that? >> well i mean in this case what we're seeing is investors are getting more confident about the economy as we go into 2014. we sometimes see year-end rallies like this. what is interesting, as you go into january, you sometimes also see something called the january effect. stocks can do very well in january, particularly small cap stocks. so i see a lot of reason to think that the positive gains we've seen in the last few months are going to continue into 2014. jenna: what does that tell us about the economy over all? >> you know i think this is a case where the market is sending a signal that the economy is on stronger footing. we've seen that confirmed. just in the economic data today, we saw some signs that durable goods investment by business is picking up. home sales have held up. consumer confidence is picking up. we could see finally for the first time in this recovery 2014, a year of real rec

>> we'll talk to wall street journal's jon hilsenrath, is there december taper on the table? that's coming up. >> thanks. melissa, thanks. great being with you all week. it's been a long time. fantastic work. appreciate it. thanks for watching, everybody. >> "closing bell" is up next. >>> hello and welcome to the "closing bell." we made it to friday. i'm kelly evans here at the new york stock exchange where things look good in terms of breaking a five-session losing streak we came into today. >> we're almost positive for the week on the s&p. just with this rally today. >> we're watching decimal points, bill. 18005.81. that's what would make us positive for the week. it would be the ninth positive week in a row for the s&p 500, which is the longest winning streak -- or first time we've had such a winning streak in almost ten years since january 2004. >> she's a bigger market nerd than i am. i love that. >> we have a team of people at headquarters helping us out. 18,005.81. >> dow back to 16,000, thanks to that jobs report this morning. that sent the stock market soaring, 205,0