kay kay kayla tausche has the story. >> reporter: it looks like any other 240-unit apartment building. the difference, it was built with money from google. google plugged $28 million into the harvard area complex in 2011 as part of a tax credit program that has grown in popularity since the financial crisis. >> the housing credit program is the last legitimate tax shelter, a way to manage your corporate tax rate, bring down the tax rate, increase the after tax earnings. >> reporter: it's the low income housing tax credit, it lets companies fund multifamily housing units buying credit from state governments with a portion of the tax value and writing off the full value. in 2013 they cost 93 cents for a dollar of credit. because the government pays off this bond-like investment, there is no extra cost passed to the renter, hence how housing becomes affordable. over the course of the three decades the policy has been in place, the policy cost more than $92 billion in tax revenues but built nearly 40,000 complexes. that's one reason it was one of the only tax credits. banks and insurers a

for "nightly business report", i'm kayla tausche. >>> bank of america was allowed to raise quarterly dividend for the first time in seven years from one cent per share to five. that's after the okay for the revised capital plan, the third one submitted this year. >>> vladimir putin is retaliating against the u.s. and other countries for imposing the tough economic sanctions over the conflict in ukraine. russia is now limiting or out right banning the import of many types of food and other agricultural products from the same nations. >>> china is cracking down on western companies for monopoly behavior. is beijing just pressuring foreign manufacturers that are too attractive to the chinese consumers at the expense of chinese firms? more from beijing. >> reporter: china says chrysler and audi will be punished. the car industry is the latest to face government scrutiny as beijing steps up efforts to enforce the anti monopoly law and that put many car players on edge. the investigations are wide-spread. regulators are targeting pricing of cars and spare parts but it's unclear what the go

for "nightly business report," i'm kayla tausche in new york. >>> our guest tonight says aly baba wille the stock to own in every investor portfolio. she is kathleen smith, ipo fund manager at renaissance capital. cathy, nice to have you here on the set. and you're really not giving to exaggeration in the years i've interviewed you. this is such a bold statement. why do you say alibaba is going to be such a hit? >> it's such a fast growing company and a way to own the digital economy in china. and i think that every portfolio manager is going to take a look at this and eventually this will find its way in all major stock portfolios. >> how hard is it going to be to get this stock if it's hot? >> i don't think it will be too hard. it's a large ipo. we think $20 billion which could make it the biggest ever. >> reporter: that could make it bigger than facebook. >> yes, it would and bigger than visa and maybe bigger than the biggest of all ipos we have seen yet. the company will have to work hard to attract investors. and i think that there will be a chance for many investors to own this s

. >>> sending it over to kayla tausche. hey, kayla. >> hey, sara, good morning. the s&p 500 to new highs is roche's purchase of intermune. we'll talk to both ceos exclusively next hour. also, we'll have legendary tech investor dan niles to talk apple valuations ahead of that all-important iphone 6 launch. and fresh threats not only to sony's playstation network but also to one of its executives. we'll tell you what was behind that and what it means for the gaming company. that's all up next on "squawk alley." you can get a $1,000 turbocharged reward card with a new volkswagen turbo. so why are we so obsessed with turbo? because there's nothing more exhilarating than a powerful ride. and you can get that in places you might not expect. like the passat. and also in the fun-to-drive jetta. in fact, volkswagen has sold more turbos than any other brand over the last ten years. that is a lot of turbo. get a $1,000 reward card on new 2014 turbo models or lease a 2014 passat s for $189 a month after $1,000 bonus. ends soon! it's monday. a brand new start. your chance to

as always, jon fortt and kayla tausche here at post 9:0nine. good morning to you all.apchat valuing the company at a whopping $10 billion after records alibaba was interested in its own investment in snapchat. here's the ceo evan spiegel with us last year. >> we're not making money right now, but fortunate to have a role model in ten cent. huge build in china. we've seen they've been able to

kayla tausche is on the phone.n here, big success thus far. >> one big success, scott. many companies that have been able to go public this week. supposed to be busiest for ipos since august of 2000. more than two dozen companies expected to go public on the u.s. exchanges. that wasn't the case. look at the calendar. two priced monday night. one tuesday night. we saw volatility creep in, the 12 ipos supposed to price wednesday turned into 7. the 10 supposed to price last night, two postponed from wednesday, turned into 6. many companies hoped to go public this week. when you see volatility spiking 20% intraday like we did yesterday and the dow dropping some 300 points, you just know it's not going to be a friendly environment. i talked to a you few bankers to handicap the market. what they told me, be prepared for sporadic short-term volatility as the fed starts to move. companies are aware it will be volatile. ipos on file think alibaba, fox, godaddy, strength after labor day to go public. smau techs, biotech, bew

as always, jon fortt and kayla tausche here at post 9:0nine. good morning to you all.leiner perkins investings 20ds million in snapchat valuing the company at a whopping $10 billion after records alibaba was interested in its own investment in snapchat. here's the ceo evan spiegel with us last year. >> we're not making money right now, but fortunate to have a role model in ten cent. huge build in china. we've seen they've been able to do that without relying on brand advertising. that's exciting for us. in the near term look at transactions and further down the road, afdvertising as well. >> and app square, getting money from singapore among other governments. valuing square at $6 billion. speaking of valuation, janney downgrades to neutral believing the social network's strong performance to date will face head winds next year. trading lower. one of the worst on the s&p in a relatively thin tape. roger, where's your head on valuations overall? more cautious i know on the market because of geopolitics. but what does this all say to you? >> well, it's almost as though t

great to see you along with jon fortt, kayla tausche.sche, getting clarity on alibaba's highly anti-ed ipo. >> a report they would look to trade on september 16th. of course, we've been expecting that with the delay. supposed to happen last week that would be in the back half of september. i talked to sources this morning. they said, look, still multiple scenarios on the table. one of those, does alibaba see them trading september 16th. another sees it trading on the 23rd. could choose to do a longer road show or start to road show late perp that's the process where the company's management will go on the road and talk to investors. they're do a global road show at least three continents, guys. this is going to be a massive undertaking for the company. all of the bankers are not in one place this week, of course. seeing heavy vacation this week. i'm getting a lot of out of office replies, but you want to have everyone in agreement on exactly when the company shot go public. what should happen. so at least what i'm hearing from sources is

and kayla tausche and jon fortt got to see you. consumer reports gave a great review to the tesla model s last year says the car has more than its share of problems. apparently the door handle doesn't always work. problems with the trunk latch, and at one point the center screen went blank eliminating just about every function of the car. tesla did fix the issues under warranty and the car still has an average reliability rating. a long way from the top car on the market review "consumer reports" gave it last year making the model a standout in the luxury end? s. yeah. and phil lebeau, the expert, says he doesn't think it's a big deal for them. as a consumer, though, the consumer reports gold seal of approval made me want this car. aspirational. boy, next time i get a car, i hope it can be a tesla, but if i can't open the door, if the screen's going blank, that makes me think again. this is a bigger issue, perhaps, than the fires. a pattern, though, for people to really feel it's more than just one or two cars. every car has proble

>> kayla tausche and jon fortt was in diapers. >> yes.s it safe to say, hp invented the smart watch? >> yeah. yeah. i mean, smart is relative. isn't it? what people always tell me. >> you're right. doesn't look like the smartest watch, but you know. >> for 1977, it was freaking brilliant! since yahoo! bought. it tumblr for $1 million, was it paying off? julia boorstin join s us with numbers. >> released a first analysis of tumblr's growth what it means for thety place business. user base expected to grow 25% this year, but it's slowing. that's nearly half of last year's growth rate and next year growth is projected to slow by half again. on the upside, tumblr has the advantage of a young user base. most aged 18 to 34, and emarket reports to huge potential for sponsored or native content. average post shared about 10,000 times on the down side unlike facebook and twitter, people can access tumblr without logging in meaning less data for marketers to target with, and tumblr isn't saving yahoo!'ses did play ad business. that share decline pd

. >> kayla tausche back in new york, michael, as well. a major shareholder vocal. john malone.ght in, continued buying livenation shares. recently he said in the past, the company would benefit from going private as the industry changes and you rethink your model. is that on the table and what are you discussing with ma loan at this moment? >> you know, greg mafe or chairman and on the board and liberty a great shareholder. we love the fact they've bought into our business model the last couple years and increased their stake. we think obviously with returns giving shareholders over the last couple of years, we've got a lot of runway left and are very happy over the next few years to keep delivering profits and shareholder value. so short of running a better business and delivering value, that's the only agenda right now. >> your business has changed a lot over the past years with the rise of technology. in a lot of ways big data business. how are you leveraging data to make more money? >> unlike the record business, the internet was the gift to the live music business, because

joining me, jon fortt and kayla tausche here at post known.opro, big mover this morning posting earnings after the bell, stock sinking even though earnings beat analysts estimates. investors appear worried since the gain of the ipo leaving the company overvalued. gopro ceo, joining us for his first interview since the report a little later on. >> when that happened be yesterday, kelly, of course, the markets selling off in a big way. bouncing back slightly today. s&p positive. a few times this morning, nasdaq positive as well. dow down just about 35 points. you think about some of the social media stocks, gopro aside, twitter aside from earlier this week, look at linkedin. that company surging about 10% this morning, after also reporting strong second quarter earnings. other tech and social media stocks heading lower at this hour. with the new month, tech stocks, where do we go from here? joining us by phone, founding partner with alpha one capital partners. good morning. >> good morning. >> we are seeing markets slightly into the red. given h

joining us this north today, kara swisher, go executive editor add re/code and jon fortt and kayla tausche>> ceo les moonves on the conference call after earnings last night. >> we will have more international and domestic licensing and streaming deals on the syndication front. such as the new recently completed extension with netflix for our library programming here in the u.s. so we feel very good about the quarters ahead and about our long-term growth prospects as a content company going forward. >> shares of cbs rallying after that second quarter profit did beat estimates. earlier in the week, kara, all about saying how much money they made selling to amazon. now moving into the cbs world. >> right. well, trying to find new audiences. this is where the audiences are going and have to sell into them. it's not -- not moves csi there now but eventually where the big showless go because that's where the audience, especially young people are watching think stuff and they have to sell into it. makes sense. >> so interesting watching cbs, watching viacom, you know, i look at viacom as potenti

i'm kayla tausche.arl quintanilla is off today, but joining us for the entire hour, henry blodgett, "business insider." >> thank you for having me. >> jon fortt is here, as always. we're thoonkful for that. apple, shares off highs after hitting an intraday record that being $100.77 per share. apple trading at $139. the electronics giant broke the $100 mark yesterday, the first time it happened since splitting 7 for 1 earlier this year. apple last set an all-time high in september 2012. with the iphone 6 launch xpevgtsed in a few weeks, how much higher can apple shares go? bring in the managing director joining us on "squawk alley." steve, good morning. >> good morning. how are you? >> doing well. upped your price target, $110. thought there was room to run in the stock. what a two years for apple since it last hit the all-time high. walk us through why you think the stock is getting such a bid right now. >> sure. the stock typically runs up before product announcements. the question, what happens after

today, with us on set, jon fortt and kayla tausche as always. good morning, guys. lots to get to. two potential deals falling apart. first 20th century fox announcing withdrawing proposal to buy time warner saying the company's board refused to listen to its highly compelling offer and sprint dropping a bit to buy t-mobile, getting regulatory approval was proving too difficult. what all of those companies are doing this morning. a big topic of discussion, kayla. the effect on the overall market these deals are being pulled. i would argue the takeaway now is that rupert truly is done and this is not some sort of diversionary tactic. >> or maybe just choosing this route because everyone said he would push on until he got this. so just proving everybody wrong. it is interesting, though. the amount of commentary, carl, that talks about how time warner would sell itself if only comcast, at&t potential bidder for that company were not already digesting deals of their own. you can't have a competitive auction process and get the highest value for shareholders when so many competitors in

kayla tausche screaming for art cashin. i understand he's on set with you? >> he has. thank you. good to see you. we'll take from here on this side of "squawk alley" with art cash rn. looking at the ct markets. dow down 50. had been up as high as in the 70-point range. s&p now down 4. nasdaq down just a fraction of one point. it was slated to be the best week for the s&p in four months. best week for the nasdaq since early february, but you can see what some of that escalation intentions in recrane has done to the markets. every headline like the one we are getting this morning has the potential to move the markets like this. so we want to put context behind this. you just heard the conversation between michelle and brian, we have been talking about this humanitarian aid convoy for weeks at this point. nato had raised questions about it, and now ukraine decided to act, but what it about today's news that has causerd the markets concern? >> looked like no confrontation. allowing, supposedly, the red cross to come in and examine what the contents of the convoy were, and then sudly

joins us this morning, tara switcher, re/code, and with us, as always, jon fortt and kayla tausche.ood morning to you all. >> good friday morning. >> first up, ft reporting technology into the iphone letting users pay for things by touch. the short-range wireless technology let's your iphone connect to payment terminals, communicate with oh devices by tapping them together. debut secht 9th. invite, wish we could say more, was the tag, which sometimes carries a hint. jon and i were trying to figure that out yesterday. kara, theories what that may mean, if anything? >> i have no idea. probably voice. probably voice. something around voice or something. something like that. maybe improvements in voice technology. >> jon's thinking. did it run deeper than that, jon? >> no deeper. >> we're just guessing completely. >> recognition, voice log-in? something like that? >> probably the bigger story is going to be the payments thing. less reported but has been reported including by us. payments is really going to be an interesting part of it. even though everyone will focus on the hardware, pr

i'm kayla tausche. carl quintanilla is off today.man" by goldfinger, some late '90s. joining us, jon steinberg, jon fortt is with us. guys, we have a busy hour to get to. first up this morning, president obama has an important message to ceos. in an interview with "the economist" magazine, he says they should quit complaining about regulations and show greater social responsibility. let's take a listen. >> the complaints of the corporate community with a grain of salt. if you look at what our policies have been, they have generally been friendly towards business while at the same time recognizing there's certain core interests, fiscal interests, if you look at what's happened over the last four or five years, the folks who don't have a right to complain are the folks at the top where we have made less progress than i would like. >> on the cnbc news line this morning is carly fiorina, former chairman and ceo of hewlett-packard. carly, good monday morning to you. >> good morning. thanks for having me. >> i imagine you have a lot of tho

as always, jon fortt and kayla tausche. good morning, everyone. busy day, market mildly negative.ilestone for netflix. a post on facebook, ceo reed hastings said the company passed hbo for the first time of in subscriber revenue. kicking our ass in profits and emmys but making progress. we are honored to be in the same league. and a graph shows how far netflix has come over the past year. now back in 2010, the time warner cwarn warner ceo asked if netflix pose add threat. >> a little like is the albanian army going to take over the world. i don't think so, and what a marker, what a significant milestone looking at that quote as it is today. >> well positioned. netflix. not an either/or, both great company, but netflix is taking advantage of the new distribution platform and as a result rolling. >> think about a company founded in the mid to late '90s and reed hastings only in january, 2013, right before the launch of "house of cards" started talking about this comparison to hbo and people thought you'll never get there. hbo is such is a leader in its category. and to think about j

. >> dan, this is kayla tausche back at the stock exchange.ave said that acquisition speculation over your company was like a cloud that hovered over you. but there was quite a run-up in the last two weeks in the stock. some have said very peculiar activity. i'm wondering what, if anything, you noticed in the stock over the last two weeks and what you attribute that to. >> well, about two weeks ago, there were two news reports, newswires reported. they speculated that the company was being looked at very seriously by several companies, that intermune could be acqui acquired. that directly led to an increase in the share price by 20% or 25% in a few days. that was pretty clear what caused that. in terms of the cloud, you know, our company has been speculated to be acquired for years. and i think this has been now with roche coming and making an offer to buy the company in a merger agreement, i think this is great for employees of intermune because that cloud now moves away, and we have clarity and not only clarity but clarity with a great compa

let's hand it over now to "squawk alley" and kayla tausche. >> thank you so much. we'll look at the that are again this hour as it is moving l keep your spirit alive, sarah. >>> it is 8:00 a.m. in san francisco, california. it's 11:00 a.m. hear on wall street and "squawk alley" is live. ♪ another one bites the dust and another one gone ♪ ♪ another one bites the dust hey, i'm going to get you, too ♪ ♪ another one bites the dust ♪ >>> welcome to "squawk alley" on this summer friday. joining us today kara swisher and with us here for the full hour quite a treat, jon steinberg will be with us all hour. jon fortt is here as always. carl quintanilla, we should mention, is off today. but first up we want to talk about a major delay potentially for the iphone 6. according to reuters apple suppliers are, quote, scrambling to get enough screens ready for the phone launch. that's because of a redesign of a key component that's disrupting production. it's unclear whether the problem will delay or limit the number of phones available on launch day. apple is expected to unveil t

i'm joe kernen along with andrew ross sorkin and kayla tausche sitting in for the vacationing becky quick. wall street is waking up this morning to details of bank of america's record settlement. kate kelly joins us with the full story. it was on, it was off. they were going to do it. then it was too much. then this was the number they were talking about all along though, wasn't it? >> no -- well, midpoint of what the spread. >> i thought they said no to 17, it's too much. >> i think b of a was offering 14 and doj wanted 20. >> what would the midpoint be? >> well, 17. >> exactly. you work fast. how did you come up -- >> that was my original asserti assertion. i'm just defending it. >> so they came up with 17? >> yeah. >> where does it go? >> 9.6 is a cash penalty and about 7 goes to consumer relief. so, yeah, we're waiting this morning for the public announcement for this landmark deal between the justice department and bofa. they're settling charges that they're accused of engaging in fraud and selling of mortgages in the run-up to the financial crisis. the total is about $17 billion. $9

i'm andrew ross sorkin along with kayla tausche, brian sullivan is here.ost harry wilson, founder chairman and ceo of the mayva group. we're going to have much more with him. if i was joe i would ask if you brought us diamonds. the harry winston -- that's the joke and that's -- that's the point. >> you've got to carry on the tradition. >> first, though, let's get you caught up on some of the market action. futures right now, see how things have set themselves up after the weekend. dow looks like it would open up higher about 69 points higher. s&p 500 up close to six points higher and the nasdaq up a little bit, as well. 12 points. if you take a look at the ten-year you can see there 2.493 is the number. also tell you about some of the headlines, mcdonald's planning to restore its full menu in beijing and some other china cities this week. it had to scale back its menu following a food safety scandal involving one of its key meat suppliers. the scandal is also affecting other u.s. restaurant companies operating in china such as kfc parent company yum brands

i'm kayla tausche. carl quintanilla is off today.joining us, jon steinberg, jon fortt is with us. guys, we have a busy hour to get to. first up this morning, president obama has an important message to ceos. in an interview with "the economist" magazine, he says they should quit complaining about regulations and show greater social responsibility. let's take a listen. >> the complaints of the corporate community with a grain of salt. if you look at what our policies have been, they have generally been friendly towards bes

penney's, jon najarian, and our own kayla tausche, and guy adami.these markets up. >> i think last time we talked about being a pivot level for the s&p, within a couple points, that proved to be the days. and we've bounced. the bounce is more robust than i thought it would be, but we bounced nonetheless. i will say this to you and have said it now for a long time. i think yields are going down. i know you have heard it all day long, i've been saying it for a while, you look at what's going on in germany. at some point that disconnect between interest investigates here and globally have to come home to roost, i think, in the equity market. >> a big theme of the market was money going into some j.c. penney's after hours, we should know, those shares are moving higher, wow, to the tune of 10% trading -- >> yes! bang! >> i think dr. jay has -- >> yeah, i got some of that today. yeah. they crushed. i mean, this looks like a real beat, because revenue up big, as well as the bottom line there, they're expecting to lose about a dollar, estimates were, and h

let's hand it over now to "squawk alley" and kayla tausche. >> thank you so much.he that are again this hour as it is moving l keep your spirit alive, sarah. >>> it is 8:00 a.m. in san francisco, california. it's 11:00 a.m. hear on wall street and "squawk alley" is live. ♪ another one bites the dust and another one gone ♪ ♪ another one bites the dust hey, i'm going to get you, too ♪ ♪ another one bites the dust ♪ >>> welcome to "squawk alley" on this summer friday. joining us today kara swisher and with us here for the full hour quite a treat, jon steinberg will be with us a

kayla tausche screaming for art cashin. i understand he's on set with you? >> he has. thank you.'ll take from here on this side of "squawk alley" with art cash rn. looking at the ct markets. dow down 50. had been up as high as in the 70-point range. s&p now down 4. nasdaq down just a fraction of one point. it was slated to be the best week for the s&p in four months. best week for the nasdaq since early february, but you can see what some of that escalation intentions in recrane has done to the markets. every headline like the one we are getting this morning has the potential to move the markets like this. so we want to put context behind this. you just h

today, with us on set, jon fortt and kayla tausche as always. good morning, guys. lots to get to.. first 20th century fox announcing withdrawing proposal to buy time warner saying the company's board refused to listen to its highly compelling offer and sprint dropping a bit to buy t-mobile, getting regulatory approval was proving too difficult. what all of those companies are doing this morning. a big topic of discussion, kayla. the effect on the overall market these deals are being pulled. i would argue the takeaway now is that rupert truly is done and this is not some sort of diversionary tactic. >> or maybe just choosing this route because everyone said he would push on until he

and kayla tausche and jon fortt got to see you.s gave a great review to the tesla model s last year says the car has more than its share of problems. apparently the door handle doesn't always work. problems with the trunk latch, and at one point the center screen went blank eliminating just about every function of the car. tesla did fix the issues under warranty and the car still has an average reliability rating. a long way from the top car on the market review "consumer reports" gave it last year making the model a standout in the luxury end? s. yeah. and phil lebeau, the expert, says he doesn't think it's a big deal for them. as a consumer, though, the consumer reports gold seal of approval made me want this car.

kayla tausche with the "alley." >> three for three. quite a good record.lse with that luck with ceos. we'll see. >>> good morning, 8 o'-of-o'-:0 alto and 11:00 a.m. on the street. and "squawk alley" is live. ♪ >>> good thursday morning. carl quintanilla is off today, but joining us for the entire hour, dennis berman, business editor at the "wall street journal." dennis good to see you today. >> good to see you. >> jon fortt you're here as always looking good and in shaum br shaumbray. >> i like to pull it out at least once a week. >> report on the information that said the company is telling potential paypal ceo candidates a spin-off of that unit could come as soon a

i'm kayla tausche.joining us for the entire hour, henry blodgett, "business insider." >> thank you for having me. >> jon fortt is here, as always. we're thoonkful for that. apple, shares off highs after hitting an intraday record that being $100.77 per share. apple trading at $139. the electronics giant broke the $100 mark yesterday, the first time it happened since splitting 7 for 1 earlier this year. apple last set an all-time

welcome to "squawk alley" with us as always, jon fortt, kayla tausche here at post nine.s earlier, currently down 54 points. a lot going on in tech today. apple set to launch its first wearable device on september 9th alongside the new iphone. re/code says the smartwatch will connect to apple's health and fitness platform and home fit controlling connected devices. meantime, samsung, access 3g why wereless networks. senior editor scott stein join us us from midtown today. welcome back. >> thanks. >> re/code tries to couch this. saying things could change, sure, but sounds solid. doesn't it. >> sounds like watch guns at dawn, as far as smartwatch landscape goes. everybody is showing their cards and a ton of different products. already a bunch that came out in june. now another samsung watch. the sixth. the samsung gear-s. second lg watch. lgg watch r a mouthful. apple's, motorolas moto 360 on the horizons and others requiremented, too. a ton. >> kind of a mess, isn't it? from samsung. gear 2, runs android. the galaxy gear 2 runs android. gear neo, doesn't. gear s running t

kayla tausche here with a look. >> new battleground for amazon, this time disney.also backlash against facebook's new messaging app. does it deserve the one star rating. we will ask that very question. and finally, chad dickerson on the kraft site move into retail. we needed 30 new hires for our call center. i'm spending too much time hiring and not enough time in my kitchen. [ female announcer ] need to hire fast? go to ziprecruiter.com and post your job to over 30 of the web's leading job boards with a single click; then simply select the best candidates from one easy to review list. you put up one post and the next day you have all these candidates. makes my job a lot easier. [ female announcer ] over 100,000 businesses have already used zip recruiter and now you can use zip recruiter for free at a special site for tv viewers; go to ziprecruiter.com/offer2. revolutionary by every standard. and that became our passion. to always build something better, airplanes that fly cleaner and farther on less fuel. that redefine comfort and connect the world like never befo

join me, yelan moy from the "washington post," erin gibbs, and kayla tausche.th us is "fast money" trader tim seymour. as i mentioned, dom is here as well. erin, first question, kind of d dom's point here, what does s&p 2,000 ultimately mean? >> you know, for us, i think we could definitely see some consolidation. we still see positives-negatives coming out of economic news. you see one good thing, and then like we had great existing home sales and then really bad new home sales. it's sort of that back-and-forth. another thing is, there really is psychology around these big numbers. when the s&p crossed the 100 and the 1,000 mark, they actually crossed four to seven times and took over a decade to finally move away. tie don't think that's going to be the case in this period when it crossed 1,500 or 500, it was more like quick touches and then keep bouncing off. i think that's more likely what we will see. >> yeah, i love that chart that goes back to 1995 showing sort of the peaks and troughs. i wonder how it would look overlaid over the size of the u.s. economy

our kayla tausche with the details. >> yeah, kelly, the bank had been working through discussions withties over potential settlement over faulty mortgage-backed securities stemming back to the financial crisis. ever since we saw citigroup's settlement a couple weeks ago -- and i've just spoken to sources who confirmed that the bank is nearing a deal with the department of justice and relevant authorities in various states that had been looking into this as well. this deal is said to be nearing that $7 billion price tag that the government had initially sought in these discussions. bank of america had been going back to the drawing board, back and forth. several numbers were put on the table. dow jones reporting that this will come in somewhere between $16 billion and $17 billion, and also that the cash portion of this deal, which had been the sticking point in these discussions, the cash paid straight to the government versus in homeowner relief, that will be $9 billion, according to dow jones. this is what they are reporting. now, of course, you remember when jpmorgan reached its sett

kayla tausche also working long hours for us today. kayla, are you driving the van home as well? >> yes, and i have a great driving record, too. today might be a quiet tape, but there is some earnings noise. average vago and splunk. the chipmaker beat estimates, raised its outlook and analysts are raising price targets on a hopes of a boost in business from the iphone 6. splunk an upsize surprise last night, with the company saying revenues are going to be better than better-than-expected in the back half of 2014. splunk up 19%. it's a different story for big lots. execs said in q-3, you could look for a wider loss than expected on a weak consumer, despite beating on the top and bottom line and announcing a buyback. big lots down 2.5%. and digital ad firm criteo spiking higher on a report that publicists after digitaling a merger, could look to buy the digital ad agency. sources say rumors are unfounded, but investors still look the prospect of a deal, up better than 21%. guys, back to you. >> so, there are some big individual movers in this market. kay kayla, thank you. >>> earl