katie stockton, jack bouroudjian and kelly evans. e to watch kelly tomorrow morning and cnbc's "squawk on the street" is where you will see how the market opens. >> market watchers join us to break down today's huge market drop, 354 points for the dow. i'm kudlow, i want to know when this drop ends and when is the buying signal coming? stay with us. we're "the kudlow report." ♪ [ 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 ] now a waiting room is just a room. i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh...no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true

for more we are joined tonight by cnbc's kelly evans. put the jobs numbers in perspective for us tonight. >> we can think of them as barista jobs. if you look at the composition and where we saw the gains last month, a lot of them happened at food and drinking places, in retail, and at leisure and hospitality. as the good sign to overall see 175,000, but we are talking about some of the lowest paying jobs and jobs that are often part-time jobs. that's consistent if you look through the details of the report. a lot of people said, yeah, they found a job but it was part-time because they couldn't find full-time work. so even though we like the trend here, part of the reason we saw the rally on wall street today is because there is still this bad news is good news mentality. it's not good enough that the federal reserve will step back. >> kelly evans, thank you so much for reporting tonight on this. >> sure. >> an update on the building collapse in philadelphia that killed six people and injured 13 others. nbc station wcae quoted law enforc

kelly evans is with me today.t the top of the hour for the "closing bell." meantime, you've got more "street signs" coming your way in just a moment. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. farmers presents: 15 seconds of smart. so you want to save on auto insurance? drive a hybrid. get good grades. lose the bling. go paperless. combine policies. make automatic payments. and of course, talk to farmers. hi ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ your chance to rise and shine. with centurylink as your trusted technology partner, you can do just that. with our visionary cloud infrastructure, global broadband network and custom communications solutions, your business is more reliable - secure - agile. and with responsive, dedicated support, we help you

throughout the next hour we'll have an all-star panel of cnbc's finest lined up for you with kelly evans on the global markets beat. robert frank will talk high net worth and influence, josh lipton is all over stocks, money and investing and kayla tauschy is our wall street insider. so we tried to be different today. we weren't going to begin with the markets, but how could you not? stocks are on fire. the nasdaq is now positive for june once again. take a look at this. gains of more than 1% across the board. josh lipton, is there a reason for this rally or only excuses? >> it's big. look at the blue chips that are up. triple digits right there so a big day to start a big week. three headlines to touch on. the japanese stock market which is just making headlines for all the wrong reason, right, and you saw a rally there that had the reports and had reports that the doj would increte crease its reit purchases and subcomponents weren't as compelling and the ahb, ripped the highest level since 2006. lennar, itb, and the backdrop is bernanke and the fed and fomc and i bet that bernanke will

for nightly business report, i'm kelly evans in new york. >>> while investors wonder about the feddest next move, president obama speaking to charlie rose had to bit to say how long ben bernanke may stay on as head of the central bank. >> i think ben bernanke has done on outstanding job. ben bernanke is like the head of the fbi where he's already stayed a lot longer than he wanted or supported to. >> remarks were interpreted by some as a suttle indication that the president may be readily to let bernanke walk. he has been there since february of 2006 and reappointed in 2010 and the next term ends on january 31st of next year. >>> the new york stock exchange in the spotlight not because traders were on fed watch but word it was a target of a terror float. an official said at a house hearing the nsa's controversial spying program at one time helped stop a plan to bomb the nyse. >> nsa utilizing was monitoring a known extremist in yemen. this individual was in contact with an individual in the united states named khalid. he and other individuals that we identified through a source the fbi

. >> i'm kelly evans in for maria bartiromo. bill griffith as well. for now, buckle up.tty interesting. keeping an eye on things. dow is up 84 points. it wasn't until 3:00 p.m. on friday the bottom really dropped out of the market. >> absolutely. it's been

throughout the next hour we'll have an all-star panel of cnbc's finest lined up for you with kelly evansarkets beat. robert frank will talk high net worth and influence, josh lipton is all over stocks, money and investing and kayla tauschy is our wall street insider. so we tried to be different today. we weren't going to begin with the markets, but how could you not? stocks are on fire. the nasdaq is now positive for june once again. take a look at this. gains of more

we'll ask kelly evans if there's any truth to this as well since she's just returned from there. >> weogs. give me the hotdogs instead. [ 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 and a mortgage. luckily, he found someone who gave him a fresh perspective on his portfolio. 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. >>> welcome back to "closing bell." if you're wondering what's going on with twitter right now you can't turn to twitter to find out. julia boorstin reporting from the company there has been an outage. i've been on twitter for more than five years. this is one of the worst outages i've seen. i'm able to pull up some of the pages. it's clear the service is really struggling right now to come fully online. >> it's a story we'll continue to follow. let you know when twitter is back up and running. >>> meantime, retirement is not often a topic of conver

. >> i'm kelly evans in for maria bartiromo. bill griffith as well. for now, buckle up. as scott said the next 60 minutes here could be pretty interesting. keeping an eye on things. dow is up 84 points. it wasn't until 3:00 p.m. on friday the bottom really dropped out of the market. >> absolutely. it's been volatile. five month winning streak for the stock market. it's likely to remain so just given all the noise that's out there. huge week for data. fed speak. jobs report. fed meeting couple weeks away. >> we know this pattern. >> need i say more? >> no, no. we know there's a pattern where not only june a relatively weak month for stocks, but often as the first day of trading so goes the rest of the month. the fact we started out with two important data points this week, ism, jobs report. ism disappoints. pressure on the jobs report. a lot talking about what the fed does here. are they constrained? should we assume a knee jerk reaction there's going to be more accommodation if data is weaker. >> sell many may, never happen. will there be a june swoon? that remains to be

. >> and i'm kelly evans. maria bartiromo will be back tomorrow.ook at the swings again that we're seeing in the dow jones industrials average. we're down 114 points. yes, that might be a little "crazy train" playing. it's another day where investors have been fastening their seatbelts until the close. again, this is a day where we started positive, we gave up those gains, and now decisively so. can 15,000 hold? that's the question. >> tremendous volatility here. the only thing we're missing are bagpipes or something. >> hmm. hmm. you know what? i have a funny feeling -- >> stay tuned. that's still to come. down 113. the trading range has been 230 points, a little more than that today. so incredible volatility stays with us. let's talk about it in today's "closing bell exchange." mike thomas is here with us. you want to look at the other averages? nasdaq is down 31 1/2 points. now to the group. danny hughes from divine capital, michael from destination wealth management, and peter costa of empire executions with a bright, yellow tie. not sure what

up next, the newest member of the "squawk on the street" team kelly evans. [ both ] we're foodies. [dn't know that our plants did, too. then we started using miracle-gro liquafeed every two weeks. now our plants get the food they need while we water. dinner's ready. come and get it. no one goes hungry in this house. so they're bigger, healthier, and more beautiful. guaranteed. with miracle-gro anyone can have a green thumb. and a second helping. [ both laughing ] when you feed your plants... everyone grows with miracle-gro. everyone grows uh-oguess what day it is!is?? huh...anybody? julie! hey...guess what day it is?? ah come on, i know you can hear me. mike mike mike mike mike... what day is it mike? ha ha ha ha ha ha! leslie, guess what today is? it's hump day. whoot whoot! ronny, how happy are folks who save hundreds of dollars switching to geico? i'd say happier than a camel on wednesday. hump day!!! yay!! get happy. get geico. fifteen minutes could save you fifteen percent or more. >>> 46 past the hour. >> it's time for business before the bell with cnbc's kelly evans. kelly, ne

kelly evans joins us with the numbers next on "morning joe."rks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ where we've switched their fruits and veggies with produce from walmart. it's a fresh-over. that's great. tastes like you just picked them. so far, it's about the best strawberry i've had this year. walmart works directly with growers to get you the best-quality produce they've ever had. all this produce is from walmart. oh, my gosh. i'm shocked. [ laughs ] i know where i'm going to be shopping for strawberries now. find fresh berries and all your quality produce backed by our money back guarantee. walmart. >>> the may jobs report has just crossed. let's go to kelly evans for those numbers. >> guys, good mo

. >>> kelly evans is here at post nine with what she is watching.f stuff. >> morning. it is all about the jobs report tomorrow i think. we just got the claims report which was okay, down 11,000. we've southeastern the four-week moving average drifting a little bit higher. people are just generally saying is the market weakness this week related to concerns about tomorrow's number. certainly a lot of people have walked back their expectations after adp disappointed. we've also had some people coming out, again notably bearish. albert edwards talking about how all this tapering talk is going to lead us right back on the path to recession. as we know, most of the other guys we've heard from this week, have been pretty sanguine about the market. ftm's financials jim vogel saying based on traders he's talking to in the bond market, anything in the mid 100s tomorrow probably keeps us in the sweet spot a lot of these guys have been talking about. >> there you go. now we know what number. we were debating what's too strong -- >> and 170 probably the dividin

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. >>> time for business before the bell with my former colleague, cnbc's kelly evans.ge of the shift. >> some are arguing it's already happening. when you see a front page above the fold byline in "the journal" you'd better pay attention. i'm saying that because it tells you there really is a shift happening. people are still trying to grapple with what exactly is going to be the prospect for global markets. when it's the u.s., japan, europe. now that we're starting to see central banks trying to back away. the dow closed down 117 points yesterday. we've seen selling pressure in japan. selling pressure in europe. again, it comes back to the key question. can the center hold now that after the four year crisis, central banks are trying to wean economies off their support? this will be the question for the week. >> stand on their own two feet. when i was an internal, i was just happy to be there, getting coffee or whatever. now it turns out we have to pay -- have to pay intern, right? >> i think a lot of people feel that way for internship. you have to give props to the

let's go to kelly evans right now. kelly, a good look at the start.ened. ways goi what's going on? >> we're up more than 100 points for the dow futures. it had to do with last night, "the wall street journal," that the fed meeting, which is the big event for this week, the fed meeting wednesday might see the fed lowering its projections for growth and raising them for unemployment here in the u.s. as a result, being more accommodative for longer than we thought. so what's happening in markets this morning is a double-edged sword. it sums up the predicament we're in. we've got futures up 100 points after a wobbly week last week. we also have oil -- or it was just over $98 a barrel. so we're talking about the potential for hitting triple digits this week. we know what that does to consumers at the gas pump. >> what's happening with netflix? netflix of course it seems like six months ago they were having their -- employees were having to go sell plasma to keep the lights on. suddenly, they do this kevin spacey series and it blows up, then "arrested devel

let's go to business before the bell with cnbc's kelly evans now. what do you got? >> good morning.eliver. continued across europe and locks like it comes home here in markets today. dow futures off about 130 at the moment. to think about what's going on, i would want to leave people with this message. this isn't necessarily the kind of mood we saw the last couple of years hitting a weak summer spot. we are seeing investors, guys on wall street, trying to come to term with the fact that the u.s. economy is good enough for the federal reserve to back auflt stimulus and goes back to friday and wasn't a disaster, wasn't blockbuster either and continues with a theme. ten-year interest rate is moving higher. low by historical standards but if you want a mortgage, any time soon, now, guys, might be the time to act. >> now's the time. okay. we have got dole in the news and apple. choose one, kelly. >> yeah. so let's talk a little bit about strawberries and bananas for a second. dole, the food company, pointed to weather conditions in the first part of the year for the fact it didn't get th

kelly evans. we are about to put ben bernanke and justin beeber in the same sentence.at possible? >> both stayed too long. >> we are back after this. my mantra? always go the extra mile. to treat my low testosterone, i did my research. my doctor and i went with axiron, the only underarm low t treatment. axiron can restore t levels to normal in about 2 weeks in most men. axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medications. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while sleeping; and blood clots in the legs. common side effects include skin redness or irri

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department, you are no kelly evans, and that is not a knee sharp, but it is just an observation. >> well, it is around my shoulders and that is what the blackberry shareholders will need as they suffer a 20% decline. >> a short squeeze. >> and would you be worried about the j-bills and the suppliers here? >> well, i was on the conference call where they said tech is dead from accenture. >> well, accenture coming in below estimates, and there is some sequester talk here, and with oracle, too, and don't forget that the government is a big client of the firms, and it is starting to hit? >> well, let's see. was there a big sequester in latin america? well, europe? did they do europe? did brazil have a sequester? i didn't know there was sequestering in brazil? >> well, other areas that the u.s. government would. >> and what happened with accenture, because do you have a gre greenland? >> no, a green sweater. >> this is a devastating conference call, and $400 million for consulting, and the consulting was 10% lower than expectations in three of the categories and said that the enterprise

. >> 6 clk and 11:00 eastern time and kelly evans making her way to post 9. >> too recap this morning earnings and the stocks are rallying even as we get hawkish chatter from the fed. we've got that coming up and we're looking at rabini sounding like dr. doom. is anyone fighting this market? coming up next, we will speak with gloom and doom's report marc faber to find out if he's one of them. that's all when "squawk on the street" returns. just by talking to a helmet. it grabbed the patient's record before we even picked him up. it found out the doctor we needed was at st. anne's. wiggle your toes. [ driver ] and it got his okay on treatment from miles away. it even pulled strings with the stoplights. my ambulance talks with smoke alarms and pilots and stadiums. but, of course, it's a good listener too. [ female announcer ] today cisco is connecting the internet of everything. so everything works like never before. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. deliver

i'm david faber, along with jim cramer and kelly evans live from the new york stock exchange. carl quintanilla has the day off. let's take a look at futures, shall we and look at the reaction to the 275,000 number and there it is to the s&p. volatility whether it be in the bond market or the equity markets although we're hearing the tapering, tapering, tapering call in the last half hour still coming in september. >> i'm beginning to care less and watching the ten-year. >> during judge wapner's show it started because the interest rate just ticked down a teeny-weeny and the euro got stronger and people could say the dollar got weak. i just care about the ten-year because when the ten-year goes down, they buy toll brothers and whirlpool and a bunch of banks that are levered to mortgages. if we can get 2 opinion.01. >> yesterday you saw people more worried. any time we see the growth worrieses that the fed will stay in. is that not what this is all about? >> i think that things got away from the fed so i'm not as focused on the fed. i think alan greenspan has a good point saying

. >> as you may know, kelly evans recently joined us from london, a town that's getting more notice today because of a story in the journal that we were talking about. >> it's a global story when you're talking about credit. it was true and credit boom 1.0. now we have to call this one credit boom 2.0. the journal drawing attention issue one of the wall street's riskiest bets returning. >> i know you were talking about this. since securitized products. this was something regulators thought were left for dead to the extent that they don't address these kind of products. they have not only come back, they could come back with a vengeance and we've seen it with collateralized loan obligations and collateralized debt obligations. we're talking about the kinds of things banks make alone. what do they do? they have to hold capital against that and free up the balance sheet to do other things and sell it off to investors. why would investors want these things which are basically repackaged inventory because there's a reach for yield right now because there is a sense they're not getting a return

kelly evans, before your time.uso-cabrera spoke with the 3m ceo and live with the innovation center in mexico city. michelle? >> reporter: they have different areas of innovation center that they use to show customers new products involved with customers here. we're in the dental area where they're always working on new things. one of the things, a product that they now, makes it easier when you go to the dentist and need a crown. in the old days put one in your mouth, the tray, filled it with gel, took a couple of weeks, got the crown back, had to test it. the new product they have or a product that they find successful it's like a magic wand. it's a light stick that they shine at your teeth, just one pass -- >> michelle. unfortunately we're having audio issues. we'll get michelle's audio issues fixed, of course. it's a long way. we had to string that cable from here to mexico city. we have to get audio tweaks fixed. >> from 3m to 3-d, special as access to makerbot new 50,000 square foot facility in brooklyn. the

i'm david faber, along with jim cramer and kelly evans live from the new york stock exchange.s&p.

kelly evans joins us here. >> good morning. >> monday morning i'm want to talk about mortgages for a >> great. >> not necessarily, we've talked about what they mean for banks and the refinancing. but to look at mortgage rate, heading into the fed meeting wednesday. because when we look at the backup in rates that's happened over the last, what do we call it, six week, there's more happening in the market than the backup in treasuries. there's the fact that investors in mortgage-backed securities have been on strike because they're unclear where the fed's going. when we talk about wednesday, we talk about a fed that's obsessed with mortgage rates what can they do to calm the market? the chart, counterintuitive. the bottom line is that the spread between the 30-year mortgage rate and ten-year treasury is approaching historical highs. over two percentage points in late 2011 because that was the europe crisis happening in the treasury bid. what's happening now, again, is that people are waiting for clarity and what's unclear, is if the federal reserve comes out on wednesday and talks abo

i'm david faber with scott walker and kelly evans from the new york stock exchange, and carl quintanillang around the globe following the drop in the dow spark ed by if fed signalin it might scale back the bond buying program this year and into 2014. let's look at the futures to see how we can start the morning. we are worse in terms of moving down in the open, or

kelly evans joins us on the ten.hifting around. >> it all kind of ties together. jim mentioned iron/ore. sharon was just talking about the metals and the fed though. this is going to be a week. we ended with the jobs report. we know how important that was last time around and resetting expectations about the exit, but i think what's happening and it's based on conversations and there's a sentiment out there that perhaps we've reached peak confidence in the fed that we might be at one of the critical junctures for fed policy since the recession and since the recovery. it's interesting to see the ft talking about hedge funds fighting the fed and i'm not sure it's a case of fighting them though as starting to question whether the fed is starting to do more harm than good. it's a sentiment you're starting to hear voiced from the fed itself. so going back to their advisory council and they meet quarterly and the latest report and the details of which we got on friday and this is from may 17th. go take a look at it. the la

i'm david faber with scott walker and kelly evans from the new york stock exchange, and carl quintanilla and jim cramer are off today. stocks are falling around the globe following the drop in the dow spark ed by if fed signalin it might scale back the bond buying program this year and into 2014. let's look at the futures to see how we can start the morning. we are worse in terms of moving down in the open, or what will b be the open, and that is perhaps the key to every story out there. 2.417%. that is a 15-month high on the 10-year note. yes, if you are shorted over the last three years, you are finally seeing a little bit of progre progress. gold plummeting by 2 1/2-year lows. you look at that there, down over 5%. and most of the major markets in europe down more than 2% after our significant slide yesterday. after the 2:00 p.m. fed meeting the press conference from fed chairman bernanke and the follow-through on the s&p and there you see it. let's look at asia overnight, the shanghai composite is down sharply. weak pmi in china compounding what is this growing fear of cash crunch in

kelly evans is here at post 9 and watching some things credit related? >> yes. what has happened since may 22nd and try to figure out if it was really the beginning of the end of the 30-year bull run, and see if it is already settling down. so unchartered waters here, and we will see if the yields behave consistently before we see what happened before the may 22nd. citi on the call with clients talking about how the credit has never been more vulnerable to the treasury yields, because the people in the mark to market exposures at historic highs. moving on. what we have seen since the rates are moving higher, guys, and the spread on the investment junk credit have widened, and all of the times that we are seen this move historically, the opposite has happened and tightened and so a different case this time. and the etfs and the mutual funds are making up four times as much of the historical norm in the credit space. all of these are reasons why despite the bloodbath that we have seen in some of the credit markets for the next couple of weeks, you can have bill gr