we're joined now by cnbc's kelly evans. >> good evening, a surprisingly steady pace of job growth herend reassuring sign for those worried that the economy might again buckle in a spring swoon. the u.s. added 195,000 jobs last month. the prior two months revised to show that stronger pace of job growth than previously thought. that brings the total this year to about 1.2 million through june. in fact that's the best start to a year since 2005 and that's all good news. bulk of the gains seen in retail, restaurants, hotels, which aren't always the highest quality jobs. there was also a jump in the number of part-time workers. and another concern, the spike in the number of discouraged workers, those who have given up looking altogether and left the labor force entirely. that figure rose above 1 million people last month, up 25% from june of last year. and a lot of that gain was centered on people over age 55, giving up on the job market. so taking all of that into account, the unemployment picture looks notably weaker, carl. >> one good thing for those who do have jobs, they made a littl

kelly evans is with me today.d to seeing you at the top of the hour for the all important last hour of the trading day on "closing bell." meantime, brian back with more "street signs" after this. ♪ ♪ ♪ ♪ [ male announcer ] if you can't stand the heat, get off the test track. get the mercedes-benz you've been burning for at the summer event, going on now at your authorized mercedes-benz dealer. but hurry, offers end july 31st. [ 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. ♪ "first day of my life" by bright eyes ♪ you're not just looking for a house. you're looking for a place for your life to happen. i've been doing a few things for playing this and trading.ove-- tdd#: 1-800-345-2550 and the better i am at them, the more i

i'm kelly evans in today for maria bartiromo. >> and i'm bill griffeth. for the s&p. it doesn't look like we'll get one for the dow. here's how we're finishing the day. the industrial average needed to be up five mounts. we're not doing that. hello there. mcdonald's, the drag there, taking about 19 points out of the dow today. it's one of the dow components after the earnings disappointed this morning. the s&p looks like we will have another

i'm kelly evans in for maria today. the final hour of trading kicks off with the dow adding 102 points. there's plenty happening on today's show. it is the unofficial start of earnings season. >> here we go. >> kicking off about an hour now when alcoa reports. the ceo klaus kleinfeld will be here. we'll ask what he's doing to change the stock's direction. >> that could be the dog of the dow. we know what happens to the dog of the dow the next year. last year's worst performer was hewlett pack add. >> i was going to say. >> this year, the best performer. >> and best buy, if you could just -- if everyone could time the bottom. >> well, of course. if you could buy at the low, you could sell at the high. >> that's the secret. >> we'll talk to mr. kleinfeld about that. and good news for the tabloids, maybe bad news for the banks, because he's back. eliot spitzer is seeking office once again. he could very well win for the office he'll run for. now, wall street and the banks that spitzer famously went after are on notice and

chirping. >>> here with us now from the new york stock exchange for business before the bell, cnbc's kelly evanss, last week in the number of jobless claims filed. we're keeping an eye on this high frequency data looking for signs the economy has been hurt by the recent increase in yields. so far not much evidence. really important will be next week's jobs report folk july. want to bring your attention to a big story. it has to do sort of with detroit. we know the city filing for bankruptcy. but guess what, consumer reports has just named the 2014 chevy impala as its best sedan. it gave it 95 out of 100. making it the third highest rating it's given to a car. the other two being the tesla it gave 99 out of 100 to. and the bmw 135 i coupe. a lot of people think of impala as the uncompetitive model. the agency saying it's a thoroughly modern and enjoyable vehicle. remember, tesla, also an american brand. again, the magazine saying it's one more indicator of an emerging domestic renaissance. this car made outside kansas city not doing perhaps as much as detroit would like for its own renaissance. >

we lost david kelly, kelly evans. is there another kelly?your brain. >> i would love to believe. thank you. it has nothing to do. is that your married name or real name? >> my maiden name. we had this discussion. >> you are run with of those. >> listen, your spouse gave up a great name. >> i know she dead. kerr interest then is not that bad. >> if you spell it right. >> bethy quick is off today. our guest host, did i mention dan colorusso from reuters. you were at the post for a while. it was a sexy place. >> it was a greatest job. >> you didn't come up with the stuff in the front. >> i did. >> id the it have to do with weiner? >> no, ken lay. >> that's a good one. >> you guys suggest. you can do, yeah. you can combine a ken lay. ed keon from quantitative management associates. you used to have a lot of credibility before you came on this show. >> prudential for a long time. we're going to get to these guys. >> good. i understand first, you have our headlines. >> true. >> so no more delay. all right. let start with the markets. u.s. equities

cnbc's kelly evans. whatp tops the list, china in. >> the world's second biggest economy.ter year on year, that is a slowing. the real concern is the fact no one thinks china's growing at precisely that rate. a lot of people who we talk to say the figure could be quite a bit lower. the bigger concern and the reason why even though equities are a little bit higher for futures this morning, coming off weeks where the indexes are standing at record highs, the concern still remains this. china's consumption is 45% of its economy in the first half. that's down from 51% last year. the balancing that's going to get on that sustainable track, no evidence it's happening. that should have people continue to be concerned about the policy response and the impact that will continue to have even back here in the u.s. >> cnbc's kelly evans, thank you. stacey: my daughter zoe had her first open heart surgery... when she was only fifteen hours old. handing her over for surgery is the hardest thing i've... ever had to do. before obamacare, insurance companies could put lifetime... caps on y

. >> kelly evans, thanks so much. the traders with us this evening as they always are, what's your take away, guy, from this. >> the fact that he spoke at length and the fact that you see yields going lower. say what you want about it but in terms of the market he's doing everything right seeing the spike here. is this going to be a replay of may 22, the last time he spoke to this magnitude and you saw the reversal in the market. if you give up the ghost tomorrow maybe that gives us the next leg down in the s&p. i wouldn't necessarily trust this to the upside of the s&p. >> it's a sizable move lower in the dollar. you've seen rates move. dan nathan, what do you think it means to the market? is this a change? >> i don't think it's a change. listen, the impamarket had spokn a lot of ways, moved up almost 100 points in the last few weeks. people have gotten comfortable with the notion that the fed was going to be buying less points in the next six months. they made a good point that they're not going to be raising rates.

kelly evans is with me today. look forward to seeing you at the top of the hour. coming your way after this. it's a brand new start. 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 shine every day of the week. what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fiber the fun way, from phillips'. [ woman ] hop on over! (announcer) at scottrade, our clto make their money do more.re (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars. i use daily market commentary to improve my strategy. and my local scottrade office guides my learning every step of the way. because they know i don't

i'm kelly evans in for maria today.final hour of trading kicks off with the dow adding 102 points. there's plenty happening on today's show. it is the unofficial start of earnings season. >> here we go. >> kicking off about an hour now when alcoa reports. the ceo klaus kleinfeld will be here. we'll ask what he's doing to

co-anchor of "squawk on the street," we have kelly evans. and with us on the telephone is health care expert grace marie turner. she is president of the galen institute. i want to go to you first because, yeah, yeah, yeah, i'm sure the reporting requirements are a problem. but my view in at least 30 states, there was never any infrastructure to do this. and i wonder whether they shouldn't delay the entire program, not just the businesses, but also the individuals for at least a year, what's your take? >> well, you know, larry, this really is a house of cards. and once they start to pull one piece out, then you start to look at all the other things that can go wrong. individuals still have to purchase coverage. so they're not delaying that even though that's the most unpopular part of obama care. and here you have this fiction that postponing this law for a year and the employer mandate for a year is somehow going to change employers' hiring practices. they're already laying off people. they're already putting people on part-time work. gallup

i'm kelly evans in for maria bartiromo, and also joining me is bill back from the floor. here's how we're finishing the day on wall street. the dow adding 88 points, off the session highs but still a solid day considering we had a triple-digit gain on friday. the nasdaq is the weaker of the bunch. it added about 5 points. the s&p 500, bill, up about 8. >> okay. alcoa kicking off the earnings season moments from now. still waiting for the numbers to come our way here. we'll have those results as they come in. and then, an exclusive interview with the ceo klaus kleinfeld per tradition. joining us now to break down the day so far, doug sandler from riverfront investment group, ed, randy from huntington funds, joining us today. randy, what do you -- well, let's get the big picture first. we've had a pretty good gain again. the question i keep asking, the 5% pullback in june, was that enough? do you expect another pullback at some point? >> you know, i think you're going to see a lot of sticker shock when people open up their portfolios this week. their bonds are going to be h

i'm kelly evans. maria bartiromo is back tomorrow. >> and i'm bill griffeth. the dow rallying for the fourth-straight day. we were up about 90 points thereabouts at the high of the session, but came in from that on the close. a gain of about 75 points, right at 15,300. the all-time high was 15,409. so we're about 110 points away from that now. the s&p up 11-plus points today. and the nasdaq, which lagged yesterday, the semiconductor stocks which lagged so much, back in play again today. up 19 points at 3,504. so the dow and the s&p making a two-for-two. this week, in addition to last week's rally. bob has the big hitters for us. bob? >> reporter: not closing at the highs, but not far from it. a nice two-day run. putting up the major sectors today. i want to note the transports were huge today. very rare to see a two-percentage point, essentially, move, a difference between the dow transports and the dow industrials. midcaps did very well. look at the nasdaq. that's a 12-year high for the nasdaq. russell 2000, historic high. the reason for the move up in the tr

cnbc's kelly evans. kelly? >> good morning.. we've got a ton of things going on today. basically keep in mind, for anyone who's talking about a second half rebound, and that includes the fed for the u.s. economy, that rebound has to start right now. we're going to get a couple of gauges today and this week. it's a huge week as the first week of the month is always for data. it will be capped on friday with the jobs report. we have an all-american jobs report. fireworks not just on the 4th this week, but we have several manufacturing gauges. we already learned that manufacturing was weaker in china overnight. the european survey picked up a little bit. and a couple of other things that are happening today. these include the student loan rate hike that we've been talking about for quite some time, that's actually happening. they can still try to fix it. group-on watching this thing called a reserve service that it hopes will give discounts at higher restaurants in ten cities. and california ups its gas tax, highest in the nation.

i'm kelly evans in today for maria bartiromo. >> and i'm bill griffeth.nother record day for the s&p. it doesn't look like we'll get one for the dow. here's how we're finishing the day. the industrial average needed to be up five mounts. we're not doing that. hello there. mcdonald's, the drag there, taking about 19 points out of the dow today. it's one of the dow components after the earnings disappointed this morning. the s&p looks like we will have another all-time high there. and the nasdaq, technology, one of the bright spots today, nasdaq up 12-plus points. we're still about a 13-year high for the technology-heavy composite there. kelly? >> the focus shifting immediately to netflix. earnings there are due out shortly. until we get them, let's break down what happened on wall street. joining us now, jim moffett, jeffrey from raymond james and michael from destination wealth management. gentlemen, thank you for joining us. >> thank you. >> jim, let's start with you. look, thoughts on the day. we've seen this theme now for a couple of trading sessions,

kelly evans. >>> we are expecting that we'll get possible headlines out of cambridge, mass. that's where we'll take you next live. fed chair ben bernanke speaking at the conference. we'll take you to the q&a session. that's where the hot-button questions will be, where the real news will be made. that's later on in the program. >>> first, the one-time sheriff of wall street, eliot spitzer, may have the very powerful weapon in his arsenal should he become new york city's comptroller. the story is next. you're watching "closing bell" on cnbc, first in business worldwide. the ones getting involved and staying engaged. they're not afraid to question the path they're on. because the one question they never want to ask is "how did i end up here?" i started schwab for those people. people who want to take ownership of their investments, like they do in every other aspect of their lives. >>> welcome back. a west, texas, crude, up in the last ten trading sessions, the largest gain since last july. we want to get with bertha coombs with the stunning move in oil. and today, $106 a barr

i'm kelly evans. maria bartiromo is back tomorrow. >> and i'm bill griffeth.points thereabouts at the high of the session, but came in from that on the close. a gain of about 75 points, right at 15,300. the all-time high was 15,409. so we're about 110 points away from that now. the s&p up 11-plus points

business before the bell with can kelly evans. what is the latest job indicator?ge of numbers on the jobs report ahead of the big one on friday. indications are pretty good at this point. we got the private sector read from adp, an increase of 188,000 for the month. rim tab's as survey was 182,000. that was the highest since last november. the danger always becomes if markets start to expect a pickup for the next couple sessions and don't get it, they'll be pretty disappointed. it's quiet here because of the holiday. i don't know if you just saw the headlines on what's happening with france and the trade talks. the eu/us bilateral trade pact is one of the biggest trade deals attempted, would be if we could get this thing passed. france has stood in the way recently with regard to moving forward concerned about protection for digital and film industries. now they've come out and said they want another delay in the negotiating process because of the allegations about the u.s. spying on its counter parties across the atlantic. it's not just that the causing some conc

. >> up next, today's business headlines with cnbc's kelly evans.ant 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. ♪ should have disrupted man. instead, man raised a sail. and made "farther" his battle cry. the new ram 1500 -- motor trend's 2013 truck of the year -- the most fuel-efficient half-ton truck on the road -- achieving best-in-class 25 highway miles per gallon. guts. glory. ram. thto fight chronic. osteoarthritis pain. achieving best-in-class 25 highway miles per gallon. to fight chronic low back pain. to take action. to take the next step. today, you will know you did something for your pain. cymbalta can help. cymbalta is a pain reliever fda-approved to manage chronic musculoskeletal pain. one non-narcotic pill a day,

kelly evans is also

i'm carl quintanilla with kelly evans and david faber, jim cramer with the day off. is out, and up on the composite, and some cities saw all-time highs going back to the crisis. we will talk to robert shiller in a few moments. meanwhile, retail mers the green,nd

good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, kelly evansl day long. pi

kelly evans is here watching that and a slew of other things. >> yes. good morning. ton of data out, and i wanted to talk about what is happening and if you look at the 10-year, and there is so much focus when it moves up 5 or 10 basis pointses and every time it slides down is unnoticed, but it is important and tells you what is going on right now, and we are at 2.53 latest and at 2.52 before the cpi, and that is where we were by the way on july 3rd before we got the strong june reports job july 5th, and then we jumped up to the 2.5 range, and then we saw the consequences immediately with the regards to the mortgage rates, and so has the bar been raised because of the prejobs report, and that has been on the weaker side. and looking at the june retail sales report was half as strong as expected and added to the sense that the gdp number for the second quarter will be quite weak in the rapg nge of less th 1%. a lot of the bond rallying where we stand today and we know, guys from the last four years the fact that the rates are little bit down and the data is softer is

kelly evans joining us, talking about what she's watching ahead of 10:00 a.m. >> i have to draw people's article in the journal, what's happened is that for the first time they've gone through john hill, christina peterson, and help from other people, to look at 700 predicts that fed officials have made, 2009-1 2009-2012, trying to see who's been right, whose view of the world has been borne out. and the bottom line here, guys, is that what you're seeing, a point, plus one to forecasts that were relatively spot on, and minus one to forecasts that missed the mark. who comes out on top? janet yellen, none other than the one often presumed to be first or second in line in running at least we should say to succeed ben bernanke. dudley is second. two come out well in the tally. who didn't come out well? anyone who is hawkish inflation. we have clauser. we should say this isn't just about economists verisus bank presidents. looking at how the economists did like kocherlakota, but his forecast didn't look great. meanwhile, elizabeth duke, not an economist by training, he's leaving the board, bu

good wednesday morning, welcome to "squawk on the street," i'm carl quintanilla with david faber, kelly evans, the new york stock exchange, cramer is off again today. the stocks are up four straight days. the best four-day run for the dow all day long. tepid action after disappointing trade data out of china. and bernanke's fed speech later on today. ten-year note, one to watch as mortgage apps down four weeks in a row. and we'll keep our eye on europe. mostly in the red. our road map begins with the markets, rates are rising, but don't tell the bulls, the dow is 109 points from its all-time closing high. >> following in rupert murdoch's footsteps, the tribune company planning to split the broadcasting and publishing business taking the same path as murdoch's news corcor. >>> and coach gets initiated with an outperform. >>> well, the dow in the midst of the first four-session winning streak since the end of april. but stock futures are mixed after a surprise drop in june imports and exports adding to concerns about a slowdown in that country. wall street is bracing for the 2:00 p.m. eastern r

i'm carl quintanilla and david faber and kelly evans at the new york stock exchange.timates with the second best of the year up 1.88 and the claims are not bad, but there is turmoil around

kelly evans is joining us at post nine and looking way ahead in terms of who may run the fed next year at how important the job is and that bernanke's term is up at the end of the year, it would be a horse race of who would succeed him. and we have seen interesting reports of the business journals asking economists who is likely to succeed bernanke and who should, and janet yellen is the name coming up. and that was friday. of course, yesterday from the washington post, he is hearing that people inside of the beltway it is larry summers. these two are not inkon sconsis and they highlight what is going to go into picking the next fed chair. do you pick the guy who is more in the green span and bernanke ilk and wonkish or somebody who is more political savvy for the role. a couple of weeks back, cheryl said that they didn't know that bernanke would be a kind of guy they would pick, and now that summers' name is being floated and seriously talked about it, it tells you what emphasis the white house is putting on this role. somebody they feel comfortable with and know, and markets can resp

and kelly evans is here at post 9 watching that, and other things.g, kell. >> yes, we were talking about what happens if we don't see the much ballyhooed move to the interest rates and the benefit to the home builders but today, the 10-year is below 2.5, and the 3-year below 6%, i want to talk about the side effects here and one that does not get enough focus and that is what is happening with the pension funding across the country, and whether it is cities or companies and couple of news nuggets this week that point to this ongoing problem. a lot of the companies are talking in earnings about the benefit they will get from the higher rates, but for right now the low rates are still a major problem. just last night moody's cut chicago's debt rating citing the pension costs, and we know that illinois has $1 billion unfunded pension problem and rahm emanuel said that this is evidence that the pension crisis is nearing chicago's doorstep and earlier allstate in the same part of the country cutting the retiree benefits and this is the largest publicly tr

i'm carl quintanilla and david faber and kelly evans at the new york stock exchange. cramer has the day off. the stock market a day ahead of the holiday, but the futures are trying to come out of the lows. and they beat the estimates with the second best of the year up 1.88 and the claims are not bad, but there is turmoil around the globe, and europe in the red with the political crisis, and the coalition and in total disarray and as becky said, 10-year cracking for first time since december. and in hong kong, china misses another print in services pmi. >> and we are watching closely the situation in cairo. thousands of protesters gathering there still and we are less than two hours a wway from the deadline that the military gave egyptian president morsi to comply with the demands. the egyptian military is expected to speak as early as 10:30 eastern and we will get a live report from cairo later on and of course, any headlines as they come. >> and this morning futures pointing to the lower open as markets in europe and asia takes the hits. stocks closed at 1:00 easter

. >> kelly evans had some great points yesterday. she goes everybody thinks rates will go hire.e economy is so -- >> everybody thinks that we slowly trend down from 7.7 or 7.8. within a year we should be 6.5% and then after that, we should slowly get to 6%. that is consensus. isn't it? i get nervous about consensus. >> and you think 8%. >> i have no idea. i don't know. i probably agree i'm part of the consensus, i probably agree that we still heal, but i'm saying if we didn't, then we're they ever getting out. >> how about what becky said about what he said about mortgages. they're saying real estate remains strong, but when you look at bank of america saying the pipeline will be down 5%, john stumpf, why is he saying that market is still good? >> maybe he's looking at the house prices he pointed out specifically, he said and activity on top of it. i don't know if that means some of the building is coming back. >> he wasn't a great predict tore in '07 and '08 about housing. >> no, he wasn't. >> taking a look at what the market did, i think it was up -- well, dow futures up about

. >> kelly evans is here at post 9 talking about the fed meeting on a day when "the new york times" isnd/family tree among who likes larry summers and who likes janet yellen. unbelievable. >> if you had to guess who would make the front page, you would say sac, but it is the fed. we have seen speculation of larry summers being the next chief, and yet he is the guy who raised questions about the qe3. and the hills and wrath, the "wall street journal" came out to talk about what is going to happen at the fed meeting next week and say they may reiterate the targets. what do we mean by this? they will call it forward guidance which is a fancy term to talk about the targets to make them more explicit. so that the fed may be saying, hey, right now, 6.5% unemployment rate before we stop the low rate policy, and maybe move it down to 6.25, and when it comes to inflation, they may spell out the bottom of the target range and say something below 1.5%, we will stay out there. why would they do this? in part, because there is a sense that the fed wants to taper. they have a massive balance sheet,

i'm carl quintanilla with kelly evans and david faber, jim cramer with the day off. the case-shiller home index is out, and up on the composite, and some cities saw all-time highs going back to the crisis. we will talk to robert shiller in a few moments. meanwhile, retail mers the green, and we sift through merck and fpfizer and getting ready fr the two-day meeting and waiting for the president to make a new proposal on tax reduction. and we will wait for the two components merck and pfizer. are patent problems looming. >> after posting weak sales in north america and announcing two executives leaving the company. >>> and you heard it here first, two firms buying hmas. >> and watch the fertilizer stock, because they are down after one of the potash companies drops. >> slight sli above forecast and the revenues are shy of census, and fpfizer plans to go into three segments. meanwhile, merck's q2 earnings were above estimates and the merck beats the earnings but profit is cut in the half. that is the repeating echo of the quarter and a lot of the names and in some case