cbs' ceo les moonves and jeremy male will join us on a first on cnbc. >>> and walmart suing visa forllion over what the retailer deems excessively high credit card swipe fees talk about that. >>> but blackberry did report much narrower-than-expected quarterly operating loss of eight cents a share and revenue below consensus as smartphone sales fell across all regions. and john chen said they are on sounder footing with a path to returning to growth and profitability. he'll be a guest later on on "squawk on the street." i don't know, eight cents, i think the estimate was for a 55 cent loss. >> look, there are a lot of people who turned on this company no matter what they say. now, there is revenue decline and they're not talking about really great numbers for -- until fiscal year '16. but do you know what, let's just hand it to the kceo. there were people who felt this thing would be out of business. did you see the cash position? >> no, i did not. inform me. >> they have a ton of money, what i was most worried about and our viewers were worried about, that this thing was going to tan

cbs chief les moonves, they will be making an appearance on "squawk on the street" later this morningerry, the company reporting an adjusted loss of 8 cents a share. stock is up. the 8 cents is what you must compare the 55 cent loss estimate to. that's about an 8% gain in the shares. that's much better than investors had been anticipating. >> our next guest warned his investors of the market fallout a year before the financial crisis. now he says he has some of the same worries that the fed picks up the pace of tapering. jay jordan is the managing principle of the jordan company. your comments scared the heck out of me. >> i'm usually wrong. you shouldn't be scared. >> you said a potential drop of 25% in stocks. >> it's no the just stocks. it's all assets. we've been living under the cloud of financial repression for the last four to five years. now, that is a condition when the sovereign interferes in artificially manipulates the price of anything. the government, interest rates are a price. it's the price of money. they've manipulated this, two things happen. there's a terrible misa

. >> there's a reason les moonves will maintain 80% of that company's ownership. >> that will be interestinguch more conservative than the stuff we've been doing recently. >> thanks, bob. see you later. going out with a good gain here. see if that can continue as consumer confidence data out to help that. we get the king digital pricing on candy crush coming up now on the second hour of "the closing bell." i'll see you tomorrow, kelly. >>> and welcome to "the closing bell" on this tuesday. i'm kelly evans down here at the new york stock exchange, and here is how we're finishing up this day on wall street with the dow jones industrial average giving us a pretty strong snapback today. it's adding 95 points. again, we're off the session highs of 130 but still up almost triple digits on the day powered by strength in ibm among a couple other names. the s&p 500 adding 8 points to 1865. the nasdaq add being 7 to 4234. so for more on what to make of it all, let's bring in today's panel. joining me is sharon epperson, marcus lemonis, kevin o'leary, and our very own kate kelly. a lot to digest today,