i'm maria bartiromo, today coming to you from just outside the new york stock exchange on federal hall on wall street. the market's rally stopped short. earnings are strong but there's a big catch. find out what it is and what's next. >>> who's watching your tax dollars? we'll talk to a washington watchdog and find out how bailed-out banks are spending government rescue money. >>> summer vacation deals. taking a holiday could be less than you think. "the wall street journal report" begins right now. >> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. it is all about earnings once again. most of the news is encouraging. 12 dow components reported their quarterly profits this week and most of those companies did beat expectations. in fact, they include boeing, american express, at&t, dupont, 3m and caterpillar. also a number of technology names also did well. they beat analyst expectations as well. including apple, ebay, yahoo! and amazon.com. tech

find a link to my new blog, maria bartiromo's investor agenda.ope you will check it out. >>> the stories coming up in the week ahead that may move the markets and impact your money this week. a lot of earnings coming up. five dow components. bank of america, johnson and johnson, jpmorgan chase, intel and general electric make up the list. ge, parent of the company that produces this program. tuesday, we get a look at consumer behavior when retail sales for the month of june will be released. we'll get the index that would show inflation at the wholesale level. wednesday the follow-up, the consumer price index which tracks inflation at the retail level. the federal reserve's open market committee releases the minutes of its most recent meeting. a busy week ahead certainly and possible impact on your money. >>> finally, how's this for strange news. north korean state television report lid aired its first commercial this week -- for beer. the communist nation is usually wary of capitalist influences. a brewery broadcast a 2 1/2 minute pitch after a

i'm melissa francis in for maria bartiromo, and here's what we are following at the close. a seesaw trading day on wall street. stocks strug tolling find direction after a mixed economic report by the imf. concerns about earnings season and weakness in the energy sector. that is because oil prices just keep collapsing. crude falling $2.79, or 4.4% today, wow, to close at $60.14 a barrel. oil is now down 15% over the past six trading sessions. and earnings season is about to kick off. alcoa just moments away from reporting its second quarter results and we'll bring you instant analysis as soon as the numbers are released. here's a look at how we finished the day on wall street. the dow climbing into positive territory. look at that, up 15 points. about .2%. remember, we had been negative for most of the day. the s&p closing in negative territory. although just barely so. and the nasdaq closing up just 1 point. let's get more on today's action. bertha coombs is our eye on the floor of the new york stock exchange. bertha. >> a wild ride, melissa. we saw all of the indexes here

i'm maria bartiromo. earnings, earnings, earnings. what's the bottom line on america's bellwether companies? how are they doing, what does it mean to the markets and your money? >>> the new health care plan passes a big hurdle on capitol hill but it could have a big impact on your wallet. your tack asks your doctor. we'll talk to dr. howard dean. >>> the new harry potter movie. how many awards it could get and what it may mean to the movie bottom line. how is hollywood doing in the middle of a downturn? "wall street journal" report begins right now. >> this is america's number one financial news program. "the wall street journal report." now, maria bartiromo. >> here's a look at what's making news as we head into a new week on wall street. we are in the thick of the earnings season. one of the most crucial in recent years. focus once again on the financials. beleaguered bank citigroup, which got a $45 billion capital injection from the federal government, showed a loss. not including gains from the sale of its stake in the smith barne

you'll find a link to my new blog, maria bartiromo's investor agenda. check it out.me know what you think of it. >>> here's a look at the stories that may move the markets and impact your money this week. there's a jam-packed week of earnings. four dow components, verizon, exxonmobil, disney, and travelers corporation will release reports. also monday another look at the state of the housing market. this time the total number of new homes sold for june will be reported. tuesday the conference board releases its survey of consumer confidence. always an important indicator. wednesday we get june's total orders for durable goods. xhaes consumer products meant to last a long time, six to nine months. that will be released by the commerce department. friday, the initial reading of the gross domestic product for the second quarter of 2009. the gdp is the broughtest measure of economic activity and typically a market mover. finally, do you want to buy the watergate hotel? no one else did either. part of the washington, d.c. complex made infamous in the 1970s burglary went o

i'm maria bartiromo. thanks so much for joining us for this special broadcast. dealing with record oil and gas prices has been a turbulent ride for the american people. and for the global economy. just about every aspect of life has been affected. and with world oil consumption expected to increase 50% by 2030, the fact that new oil reserves are harder to locate and increasingly expensive to bring online isn't helping. tonight, we'll look at this from the other side of the pump as you'll hear from the men who run the most profitable companies in the history of the united states as they go to the ends of the earth on the quest for oil. you'll also hear from politicians and activists who take issue with the way the american oil giants do business. we begin this journey here in alaska. up on the pristine north slope as we take you on the hunt for black gold. >> are the oil companies responsible for the high price of oil? >> we don't set the price of oil. >> drill, drill, drill. >> is this a viable option? >> we can switch our cars to natural gas. >> this is the gen

cnbc's maria bartiromo at the stock exchange tonight. maria, thanks. even if you watch your share of baseball games you can live your whole life and not see one of these. a perfect game today from mark burle, of the white sox, defeating tampa, 5-0, 27 batters up, 27own. there have only been 18 perfect games in the recorded history of the sport. this one by the way saved by a great catch at the wall. in the ninth inning. he has him to thank. we are going to take a short break. when we continue, two big health and science stories. including a breakthrough in cloning and the sobering word out today on swine flu. >>> later on in the broadcast, if some of the kids returning to school this summer seem just a little bit ahead of the game, this might be why. a program that's making a difference. >>> we're back. as we mentioned two stories in the news tonight from the world of health and science. one has to do with a photo that caught our eye in the morning paper. kids at a summer camp in maine, sporting the accessory of the season to guard against swine flu. w

. >> and i'm melissa francis in today for maria bartiromo. cnbc global headquarters. the markets right now, falling commodity prices putting pressure once again on the equity market. oil falling to $60 a barrel on ongoing concerns about the health of the global economy. all weighing on the sentiment on wall street. as for the major indices, take a look where they are trading right now. the dow is down 31 points. that's about a third of a percent, a little more, we're heading to half a percent now. the nasdaq is also trading to the down side, down about half a percentage point. 1737 the last trade there. and the s&p 500 is trading down by a little more than 7 points. it's about .8%. 873. matt. >> all right, melissa, as they said, we're down for the third time in four days. we've shed about 5% on a week to date baasis. our market reporters are standing by and eager to go. let's start with bertha who's covering the nyse today. >> thanks very much. one analyst was saying maybe the green shoots were actually green shorts that we saw. and one of the things that people have

george washington, the bill of rights, and maria bartiromo. okay? four of america's great treasures. >> you're so sweet, david. let's talk about the catalysts for the second half of the year. we are now firm l. in the second half of the earnings reporting season. anything that impresses you? how do you want to invest in this environment, david? >> we've started to put a little money into real estate investment trusts. we're starting to add gingerly as the market sells off here. it rose 40% as you know. the top was june 11th, 945. it's backed off to the 890 area. we would be adding slightly here, maria, in the real estate investment trust area and in commodities. we think that the quarter earnings will come in minus 20%. the first quarter was minus 35%. there's an improvement, and we expect it to turn positive in the second half of the year. the full year up 3%, maria. >> and you just put new money into real estate investment trusts. >> that's right. they've dropped -- they dropped from peak to trough, maria, about 75%. >> valuation call. >> they're

maria bartiromo. pat buchanan will be here, we'll ask him about his girlfriend's future, a day after she stepped down in alaska, that's sarah palin, of course, i'm just kidding. but i have an interesting op-ed to read him. also michael eric dyson will weigh in on the cambridge race controversy. and later, dr. howard dean jr. -- junior? no. just dr. howard dean. and a look at the stories that politico is working on. >> keep that title. junior, iii, dr. >> you're watching "morning joe." >> -- we would defend the constitution and we have, though outside special interest groups, they still just don't get it. hollywood needs to know we eat, therefore we hunt. >>> oh, by the way, ladies and gentlemen, the governor of alaska will be stepping down in two days. sarah palin stepping down in -- two days. unless of course she decides to leave early. but she's leaving this weekend and all week long she's been packing up her stuff and got everything loaded up and ready to take off and pull out of the governor's man

i'm maria bartiromo on the floor of the new york stock exchange. and we do have this market building on last week's big 7% rally for the major averages. a couple of stories in the news. number one, there are reports that cit group is doing that deal with bondholders to raise new capital. this is alleviating some pressure not only on cit but on the notion that so many small and mid-cap companies will be out of luck in terms of access to credit because cit is a leading lender in that part of the economy. in particular the retail, the garment center. probably the company's biggest customer there. also, we have the lei out today, leading indicators up .7%. that also helping things here with the dow jones industrial average now up 70 points. at the highest level since november 5th. we're going to take a look at the banks and oil coming up in the program. many of the large center money center banks, by the way, are down today. like citigroup, jpmorgan. ge also weak. the investment banks doing well. goldman and morgan stanley higher. morgan reporting earn

i'm maria bartiromo on the floor of the inform stock exchange.re following at the close tonight, it was a seesaw session for the markets. down beat news on the economy outweighing strong earnings from some of corporate america's heavyweights. we're waiting on a handful of other earnings. leading the charge today, earnings from goldman sachs easily beating expectations. that was a bit of an anti-climactic event as investors set the shares on a tear yesterday ahead of the numbers. we'll check out all of the financi financials. a second quarter result from the world's largest chipmaker intel may very well set the tone for tomorrow. we'll take you to the nerve center for earnings central, give you all the data you need to know. instant analysis coming up. here's a look how we finished the day, dow jones industrial average on the upside. money moving into the market. up 27 points. 8359.. s&p 500, higher by 4.75 points at 905. the nasdaq just below 1800. all the action, bob pisani on the floor of the nyse. >> the recession is over, rather bold call by

i'm maria bartiromo. we are kicking off smu ining ofe street today. here at first of all hall right across from the new york stock exchange. i am standing at the place where george washington, our great country's first president, took the oath of office. right here as the first president. here's what we're following at the close tonight on wall street. stocks tumbling today to end the week on earnings concerns and weakness. after energy giant chevron issued a profit warning with oil prices having come down. general motors driving out of bankruptcy after just 40 days. amazing. coming up, vice chairman bob lutz will be with us telling us how the automaker will be able to return to profitability. what's next after emerging from bankruptcy on the agenda for gm? and then the fda giving approval for eli lilly to sell its new blood thinner drug, which becomes the first real competition to blockbuster drug plavix, which is madd by bristol-myers squibb and sanofi-aventis. we had earnings concerns on wall street on the heels of the latest earnings releases. che

i'm maria bartiromo on the floor of the new york stock exchange. here's what we're following at the close. a complete reversal once again. a wild end of day today. with the market going into positive territory and then some. at the end of the day investors sift through at mixed bag of earnings. home sales better than expected. the yields on ten-year treasuries today rising to the highest level in more than a month as the government begins selling a record amount of debt this week. amgen due out with second quarter results momentarily. we'll have the numbers for you as soon as they hit the wires. tell you how the stock is trading see what that tells us about tomorrow take a look at how we finished the day on wall street with the dow jones industrial average tonight on the up side by 16 3/4 points. nasdaq composite also turning positive final few minutes of trading with a gain on the session of about two points. and the s&p 500 ditto, up three points. stocks bouncing back from lows to end slightly better on the session. we get all the action right no

i'm maria bartiromo on the floor of the new york stock exchange.ntering the final stretch here with some real momentum on the side of the bulls. we had better than expected numbers in the housing market today. that really set the tone on the up side, not to mention a ton of cash on the sidelines going to work, continuing for an 8% move in just the last two weeks. the market, dow industrials today up better than 2%. 200 points higher at 9,085. you also have oil doing well. the oil stocks, dow component certainly part of this move. oil back above $67 a barrel with a 2% rally here. nasdaq higher by 50 points. 2 2/3%. technology on the move. microsoft the big highlight. company reports earnings after the bell tonight. s&p 500 up 24 points. 2 1/2% on the up side. dow jones industrial average meanwhile crossing that 9,000 mark for the first time since january. there you see the numbers. let's look behind the numbers. scott wapner here, our eye on the floor of the exchange today. scott, what momentum in this market? >> yeah, amazing, highs of the day, mar

i'm maria bartiromo. today coming to you from federal hall in lower manhattan, right across from the new york stock exchange. beautiful friday afternoon on wall street today. and we continue our series "summer on the street." the markets, you have to call this a victory after the huge run-up that we've been seeing. you do not want to get in front of this train. momentum certainly on the side of the bulls. more gains today. broadly speaking even though the dow jones industrial average is fractionally lower here by about one point or so sitting still above that 9,000 mark. nasdaq also almost as similar a gain, or move, rather, for the nasdaq. we are looking at weakness here. but don't forget the nasdaq is up 23% year to date, had a huge week last week, and of course on the heels of weaker than expected numbers from microsoft last night that certainly is setting the tone for the nasdaq. s&p 500 also a bit weaker here. as you can see, 976. despite the fact that it too has been seeing huge gains year to date.

i'm maria bartiromo on the floor of the new york stock exchange. we've got a rally under way at the close here on wall street. here's what we're following right now. 4:00 p.m. on wall street. financial stocks lead the market higher after an upgrade of goldman sachs, sending the dow jones industrial average and the s&p 500 to the best day in six weeks. financials leading the way. oil continues to spiral downward, falling today to an eight-week low. bankruptcy concerns for the nation's largest lender to small business. the i.t. group. that's all on our agenda right now. let's look at how we finished the day on wall street with the dow jones industrial average on the up side to the tune of the triple digits. up on the session by 183 points. that's the high of the afternoon. better than 2 1/3% at 8,330 on the blue chip average. volume picked up from last week. just over a billion shares. certainly still on the light side this summer monday. s&p 500 picking up 21 3/4 points. up 2 1/2% better on the s&p at 900 and change. nasdaq composite also seeing rea

i'm maria bartiromo. today coming to you from federal hall in lower manhattan.ite of george washington taking the oath of office, our first president of our great country. our summer on the street special. every friday afternoon during the summertime. take a look at what we're following at the close tonight. it was a quiet day on wall street, but by all accounts a victory for the bulls. once again, stocks zig-zagging but ending on the up side. certainly for the dow jones industrial average. all day negative and positive territory. we had strength in defensive sectors like health care and utilities offsetting a sell-off in technology. the tone was set last night when you heard the numbers here on "the closing bell" from amazon.com and niermicrosoft. two weak spots. that's helping bring the nasdaq's 12-day winning streak to a close. today that snapped largely because of those numbers. microsoft's disappointing fourth quarter earnings really set the tone for tech. consumer sentiment, meanwhile, fell in july for the first time in five months because of the rising un

maria bartiromo. >>> it's 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo on the floor of the nyse. here's what we're following at the close tonight. a strong kickoff to the week as stocks build on last week's 7% rally for the market. that following goldman sachs today raising its forecasts for the s&p 500 by some 13%. that would be the biggest second half move since 2003. as a result the s&p right now sits at the highest level since last november. the market also cheering word cit group is about to secure a $3 billion lifeline in a group of bond holders. we will tell you about the two-step tranche that the company is expecting. reports of a big day tomorrow. it is in fact a very big week. this hour we hear from texas instruments. we'll tell you what that says about semiconductors and about the tone set for tomorrow. here's a look at how we finished the day on wall street with the dow jones industrial average back above 8848. as you can see there, with a gain on the session of 104 points

i'm maria bartiromo on the floor of the new york stock exchange. a busy close here on wall street. a 260-point rally in stocks. powerful from the get-go. on the heels of intel. but gaining momentum by the closing bell. investors optimistic about earnings season following the strong results. the outlook on intel on top of better than expected numbers from goldman sachs. all powering the market higher for the third day in a row. intel, that was fueling the rally today.y. certainly fueled buying in technology. leading the nasdaq to the sixth straight winning season. and we're keeping an eye on cit group tonight. sources telling me a resolution could come imminently on the company's liquidity crisis. no word yet on whether that means the fdic will allow it to access its lending programs or if the administration will allow cit to fail. the stock has been halted. traders down here on the floor tell me the stock did not open before the close. cnbc has learned cit applied to access the fdic's temporary facility program but has yet to be allowed that access despite becoming a bank holding c

you know who's next, maria bartiromo. >>> and it is 4:00 on wall street. do you know where your money is? i'll tell what you that was all about in a minute. there's some screaming going on down here. hi, everybody, i'm maria bartiromo. do you know where your money is? it's 4:00 on wall street. welcome back to "the closing bell." here's what we're following at the close tonight. it's been a rock and roll day, really back and forth all day. struggled to find direction really possible is the best way to say it. the dow, 54 cents a share is qualcomm, and we're just getting it right now. we're going to get right back to that in a moment. the earnings just came out moments ago. qualcomm. the estimate calls for a property of 52 cents a share. 54 cents a share is the number. we will look behind the headlines coming up. the dow, seven-day winning streak meanwhile coming to a close tonight. weakness in the energy sector, some profit taking from the recent rally driving stoc low yes. home builders one of the bright spots on wall street after a better than expected in

maria bartiromo is going to be right along any moment now. but as we take a look at this marketplace here today, we're looking at a mixed situation. it's certainly been interesting from the outset. we have some of the biggest members in the dow duking it out at the top and the bottom of that index.x. but the dow right now up 22 points. 32 points of that 22, i remind you, is all coming from one stock. if you can guess it i'll give you the answer in a couple seconds. the s&p is trading lower today, and the nasdaq right now is managing to squeak out a little bit of a gain here today. but the big story is still going to be that weekly five-day haul that's seeing all three of the benchmark index pushing their best five-day advance that we've seen since the trough in march. if we take a look inside the dow here today, as i mentioned, ibm the single best performer of the day, accounting for more than the full gain of the dow itself. 32 points. because it accounts for 10% of that darn index. if you take a look at the bottom, it's bank of america and

maria bartiromo at the stock exchange at the end of the week's trading for more on what all this means. maria, good evening. >> reporter: good evening, brian. today we heard from bank of america and citigroup in the banking sector, both companies have taken money from the government. both companies today reported earnings better than expected. we also heard from ibm and ge among others. based on what we're hearing so far in terms of second quarter earnings, it seems we've seen the worst in terms of this economic downturn, certainly good news. having said that, i would not be celebrating just yet. we could very well bounce along the bottom for a little while given the fact that there are real red flags out there. number one, people expect unemployment to worsen. we already have 15 states in the u.s. with unemployment rates above 10%. number two, there's this developing story around cit group, not to be confused with citigroup. cit is a lender to small and mid cap businesses. its biggest client? the garment center, the retailers. it is teetering on bankruptcy. the government said it won'

cnbcs, maria bartiromo here to bring us up to speed. long established fact, there is the stock market and there is the u.s. economy. the two shouldn't be confused. if you are telling me the market is in a good period what does it mean? >> you make a really good point, actually, brian. you car seeing a tale of two tapes if you will. we have got such momentum in the stock market. in fact this market is up 11% just in the last nine trading days. very, very strong. there has been improving sentiment about the economy as well as about the earnings picture. now today's catalyst was about the housing market. we saw existing home sales higher for the third month in a row. we haven't seen a three month winning streak since 2004. on the earnings part of the picture, a little murky. we have seen a lot of better than expected earnings coming out. but it is really the result of cost cutting efforts. companies really slimming down, cutting jobs, as opposed to real revenue growth and in demand. so we are waiting to see the story turn from cost cutting

cnbc's maria bartiromo is the anchor of "closing bell." good to see you. let me go right to the cover of "newsweek" magazine. it says -- "the recession is over." then is says "good luck surviving the recovery." let's take the first part. is the recession over? >> technically it probably is. >> but it is a technicality. >> it is a technicality, matt. i think the point of that cover story -- i agree with the cover story -- is that the recovery is not going to feel much different than the recession. we still have very high unemployment and people are hording cash. it won't feel that much better. >> looking at wall street, i think the best two weeks since 2000. investors are feeling the love. what about consumers? >> consumers are still pretty cautious today. i think they're hoarding their cash, they're worried about unemployment, people are expecting unemployment to worsen second half of the year. i think they're still pretty nervous. we are seeing the business sector still slow, a lot of small and mid-cap businesses can't get any access to credit so there is

i'm maria bartiromo on the floor of the nyse. we've been focused on ben bernanke for much of the day. a shot in the arm for the stock market, up 31 points. want to bring in bob pisani. i wonder what your thoughts are on the supply out there, just looking at trim tab's latest report here, new offerings set to accelerate here. theo logic reporting four deals totaling $3.1 billion already scheduled to price. what does that do to the moment up on the upside? >> it's good news. however, those numbers are only if the market starts to hold up. if it starts to deteriorate, we'll see those canceled. there's a lot of people who need to raise money out there. the fact that there are people scheduling new offerings is a good sign overall. now we need the follow through to have the people actually price those. >> once again, we've got earnings dictating the performance to see where we are. we have real good momentum on the upside here based on better than expected earnings. you wrote in your blog it's really focused now on caterpillar on the

h hey, speaking of health care, we've got maria bartiromo.re, i just have to say this is one more thing that this administration has done domestically that scares the hell out of me. they say we're going to reform health care, one-sixth of the economy and we have to do it now. now they're talking by august recess. >> that is exactly what bothers me about this, that and they could only tax us -- >> they're almost there. >> adamant about getting it done in the next couple of weeks. such an enormous project, an enormous program where obvious ly we're all impacted. i don't know what the rush is, why we're rushing this through by the time they go on vacation. >> explain the rush even though you don't agree with it politically. >> the door is closing. the president is hemorrhaging voting support from independents. you've got moderate democrats in the senate hearing from their constituents more and more every day. that being said, mike barnicle, health care reform is so complicated. there's a reason presidents have been trying to tackle this for yea

the host, maria bartiromo. >>> let's go to neverland. can you imagine alan greenspan taking questions from just plain folks at a town hall meeting? not a chance. but ben bernanke did it last night and he's also been doing interviews and writing op-ed pieces. what is his agenda? is it fed transparency or more about his reappointment? >> can it be both? we'll debate both sides when we come back. one four star hotel. two identical rooms. so why does this one cost so much less on hotwire.com? when four star hotels have unsold rooms they use hotwire to fill them, so you get them at prices lower than any other travel site, guaranteed. h-o-t-w-i-r-e, hotwire.com >>> you have the "60 minutes" interview, you have op-ed pieces here and there. you have this town hall meeting he taked with pbs. fed chairman bernanke has been putting himself out there with more and more information, more transparency than any of his predecessors. but is this to give more transparency to the fed or is it just a bid to save his job? joining us with their thoughts on th

"the closing bell" is coming up next with maria bartiromo.great weekend. >> announcer: this is cnbc.com news now. >>> the university of california may furlough tens of thousands of workers in an attempt to save $184 million. uc president mark udoff is proposing the cuts to offset an expected 20% reduction in state funding. >>> newscorp is denying allegations made in the uk's "guardian" newspaper about le

i'm maria bartiromo. once again at the new york stock exchange. mixed bag of earnings. president obama's press conference following his meeting with the prime minister of iraq. we will monitor the event, dip into that live event once the president starts taking questions on health care and on the economy. but first we can tell you for sure that the market has been back and forth today, positive and negative territory. very much a struggle for direction here. after a mixed bag of earnings news. but the dow industrials remains above that 8900 level with a fractional move lower. about 10 points. the laggards on the session include coca-cola, among others. this dow component. some of the oils are down like exxon, although chevron is higher. mixed bag on the oils. and the banks are also mixed with citi, jpmorgan, bank of america, goldman sachs all showing gains on the session. the nasdaq has the big mo, momentum. it's up 20% year to date. check it out today, another 3/4 of 1%. with a gain on the session of 14 points. googsale higher, ebay is higher apple is higher. intel is

i'm maria bartiromo on the floor of the new york stock exchange. along with scott wapner. >> pretty resilient market and had every reason to go down with the nasty consumer confidence number. >> yeah, the number this morning, weaker than expected. we are probably going to need some evidence of this economic turn around or recovery is in place before we really see that that bull run get serious legs here, although i would agree with you, scott, it seems like a victory with the market down 39 points here after this huge run-up we've seen. should point that oil back below 68 at 67 and change. >> oil and energy stocks one of the weakest performers. you can really make the case i think that that case shiller number that showed home prices in may for the first time in three years rising is such a significant number. that may be for the first time you can put housing and bottom in the same sentence perhaps. maybe? >> that would be nice. after the existing home and new home sales numbers, you could make that argument. the dow off the worst levels of the da

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i'm maria bartiromo on the floor of the new york stock exchange. stocks struggling today on wall street although we are very close to flat as we settle out. the dwoij industrial average making a push at the final few minutes of trading to go positive, the dow at 9,096. stocks struggling after mixed earnings reports and a second consecutive monthly decline in consumer confidence. housing a big bright spot after the case shiller index rose for the first time in three years. the two-week rally in oil prices today takes a breather. crude oil falling nearly 2% to finish at $67.22 a barrel. here's a look at wall street. the dow jones industrial average on the downtownside by 11 points at 9,096. nasdaq come pos went positive with 15 minutes before the close. a mixed performance within the tech sector. at the close, money coming in extending the nasdaq's recent momentum, up 7.66 points. s&p down about 2.5 points. bob pisani on the nyse. you were looking, is it going to go positive. >> a bunch of standing here saying it's going to happen because we were dow

i'm maria bartiromo on the floor of the inform stock exchange. stock prices once again, the dow industrial average kicks off the seventh straight move on the upside. the nasdaq looked like it will stretch to a streak, a winning streak of ten in a row. helping set the tone today, once again, earnings from the second quarter reporting companies. dow component caterpillar beat expectations but the market cheered the company's upbeat forecast. the company's ceo just told me moments ago what drives growth going forward. the stock up 8%. we'll have more coming up. >>> the earnings don't stop there a slew of reports coming up this hour, including heavyweights apple computer and yahoo!. we'll have all the numbers and analysis for you. show you what the stock does in the extended hours. the dow jones industrial average finishing at the highs of the afternoon, now up 67 points .75% at 8915. nasdaq also higher six points or a third of a percent at 1916, the s&p picks up 3.5 points. the banks still lagger. 954. bob pisani on the floor of the nyse right now.

i'm maria bartiromo on the floor of the new york stock exchange. busy day on wall street today. gains across the board for the most part. stocks rallying here. let's tell what you we're following at the close today.y. comments today by long-time bear nouriel roubini from nyu. he says "the worst is behind us." this from dr. doom? the recession will end this year, he said. he's known for predicting the weakness and the upset in the markets and has been nicknamed dr. doom. it turned the market around today. as a result the dow jones industrial average and the s&p 500 stretching their winning streak four. nasdaq hitting seven straight wins. up next any moment we are going to see what may very well set the tone for tomorrow's trading session. earnings from ibm and google for the quarter. the numbers, you will have them the moment we do. we'll give you analysis as well as check the stock and tell you how investors are reacting right out of the gate. dow jones industrial average tonight up 94 points. 1.25% higher. off the best levels of the afternoon but still above that 8700 mark on t

maria bartiromo hosts meeting of the minds on u.s. health care.s a peek. >> the one part of medicine not regulated by the government or insurer and it is called cosmetic surgery. cosmetic surge very a direct transaction between the patient and the doctor, the fees are set, the negotiation occurs, it is not paid for. if you look at lasik surgery, technology has again up, the price has gone down. what this highlights is that we don't have a free market in health care. everybody says let the free market work there is no free market, regulated pricing that removes the negotiation between the patient and the doctor over the service. >> catch meeting of the minds health care on cnbc at 9 p.m. larvae going to be watching. >> we are going to be right become for the last call, you're watching cnbc and we are first in business worldwide. (announcer) advanced electrocardiogram technology from ge. small enough to fit in a backpack. (doctor) very good! (announcer) powerful enough to bring modern healthcare to places like rural india. tdd#: 1-800-345-2550 if i'

i'm maria bartiromo on the floor of the new york stock exchange. bit of a rally in the final minutes of trading on wall street today. a volatile session. investors searching for direction for much of the session. and then about quarter to 4:00 something popped to the up side. stocks managed to stage an end of session rally tonight. and we're going to tell you why coming up. there was some encouraging economic data after the services sector posted a larger than expected gain last month. but uncertainty about the larger economic picture sent oil prices tumbling today. oil down 4% on the session to close just about $64 a barrel. take a look at how we're finishing the day on wall street with the dow jones industrial average on the up side by 44 points. 8324 is where things sit'll out tonight. thanks to stocks like jpmorgan, general electric, boeing. s&p 500 up about two points. and the nasdaq composite finished negative by nine points, although as we know technology and the nasdaq the leadership on the up side in 2009 up about 12% this year. with all t

i'm maria bartiromo on the floor of the new york stock exchange. it's been a rock and roll day here on wall street. here's what we're following at the close tonight. the summer rally returning today. driven by better than expected earnings, a strong treasury auction, and a decline in the number of people continuing to collect unemployment benefits. the markets now at the high for the year. and get this, the dow industrials on track for the best july since 1939. yes, we're tracking it all. the rally sending oil prices higher as well. crude tonight up nearly 6 persian, closing at 66.92 a barrel, gaining back nearly all of the losses from wednesday. walt disney ready to report the third quarter today. we will break down the numbers the moment the numbers are released. the estimate calls for a profit of 50 cents a share on revenue of $8.83 billion. we're on it when the numbers come out. we'll show you how the stock trades in the extended hours. here's what we're looking at at the close and where the markets settled out. the dow jones industrial average

i'm maria bartiromo along with matt nesto today. good to see you. >> you too. >> here we are coming to you u from federal hall. i love being from federal hall on our "summer on the street" special. it is such a proud place. the actual place where george washington, our country's first president, took the oath of office. >> tons of people hanging out. and the markets here, as maria said, not only positive for the day, the week, and the month. but if you take a look here today, kind of cresting. people really not pushing it into the weekend. the dow's up just about 20 points right now. you can see 18 points on the session. most of the work getting done for the week yesterday. and today was pretty much a glide through the pattern this morning. we got through that gdp data and we worked through. checking in on the nasdaq you're going to see also some gains on the session. not a big move. again, we're looking at the big picture here on the week. three weeks in a row positive. five months of gains for both the nasdaq and the s&p. and the

i'm maria bartiromo on the floor of the new york stock exchange, where there is a bit of euphoria goingn down here. we've got money moving into the technology sector on the heels of intel's better than expected quarterly report last night. that set the tone for technology. we've got the likes of google, amazon, ebay, across the board names in tech soaring today. banks ditto. citigroup up nearly 10%. that's one of the strengths within the dow industrials, which now are back above 8,600 with a 244-point move on the up side for the blue chips. jpmorgan up better than 5%. a number of the financial services companies on the up side in very heavy volume. nasdaq looks good, up 3 1/3%, 60 points higher. as i mentioned, intel really setting the tone here. 18.59 the last trade on intel. up 6% on the nasdaq just in the last six sessions.. the s&p 500 higher by 26 points. better than 2 1/2%. also ahead in the program, we're going to have news on cit group. sources telling me we are going to hear a resolution for the liquidity issues facing the company within the next 24 hours. we will have the deta

i'm maria bartiromo along with scott wapner today. we're looking at a market that is very strong. money moving into technology. the banking sector. the oils pretty much mixed. exxon is negative. and i should point out that bank of america is also negative nutt in the financial services sector. for the most part money moving into financials and tech stocks. >> seven days in a row for that tech trade working. as you mentioned we're at the highs of the day. perhaps some comments as well from the biggest bear on the street, nouriel roubini moving the market. moved a little bit and started to pick up steam as the afternoon has progressed. >> everyone's been waiting to see when neural roubini, often called dr. doom. he was one of the first to predict that we could see a very, very harsh and severe downturn. when he would turn positive. and he said that the worst is behind. this is a big story. it immediately moved the market. and i think it's because people were anticipate whg he would actually show some positive sentiment. >> talked about a second stimulus possibly being needed by the

let's go to maria bartiromo at the new york stock exchange. >> the stock was halted midday today. it did not open before the market closed today. we are likely to get major developments tonight. or first thing tomorrow morning is what i'm hearing from sources close to the company. here is the issue. the company is facing a massive liquidity crisis, and it went to a bank holding company forum at the end of last year. part of the reason that it turned itself into a bank holding company is that it would have access to the fdic's temporary facilities. it has not been allowed to have access to those facilities. and this is really where the issue is for the company. it filled out an application for access, wanting $10 billion in backing, and then an additional $5 billion. that application at the end of last year. again, they've been waiting some seven, eight months to get that access and they've been unable to do so. this company is the leading lender to really the midcap market. the garment center, apparel companies, small, midcap companies, really, its major clients. and those compani

i'm maria bartiromo here on the floor of the nyse. we've got a market that is quiet but certainly that seems like a victory given the huge run-up that we saw last week and very important earnings after the bell tonight. we're waiting on amgen after the bell. in the biotech sector. we will get you those numbers. meantime, the market fractionally moving today, up just about a quarter of a point on the dow jones industrial average. oil solidly above $68 a barrel once again and the dow is holding above that 9,094 level as you can see there, fractional moves here. nasdaq weaker, extending some losses of last week. the nasdaq down about a point, although it remains the winner in 2009, big run-up, 23% actually in 2009 at 1964 on the nasdaq. check the s&p 500 with the leadership there, "new york times," zions, gannett, regions financial, and e trade. s&p 500 up 1 2/3 points, fractional move at 980. bob pisani with me. anything jump out at you today? >> yeah, once again stocks are showing some kind of resiliency. remember, we started with good

i'm maria bartiromo on the floor of the new york stock exchange. a rip-roaring rally on wall street today, pushing the major averages strongly higher. dow industrials back above 9,000 for the first time since january. we've got strong earnings and housing data leading the way. the housing data after this morning setting the tone. the nasdaq extending a winning streak now to 12 straight sessions. oil also higher, surging on a weak dollar today, and hopes for better-than-expected sales data leading to higher energy demand has investors looking at oil and the oil producers. oil today up nearly 3%. closing above $67 a barrel. all of the major oil producers on the up side. a trio of big earnings moments away that we will have for you. we've got analysis and instant reaction to earnings results am express, and microsoft. here's a look at the dow jones industrial average. 2% higher at 9,068. nasdaq strong, due to strength not only in microsoft but google and amazon ahead of amazon's earnings also. 47 points higher on nasdaq. 2 1/2% at 1973. and the s&p 50

i'm michelle casosoabrera, in for maria bartiromo at bcbc globalalheadquarters. inhehearkets right now s stoss are showing someme mest momenenu in the finalalouourhough we're off the best levevel o oththe d. financial stocksks hpipingo provididsosomeupport.. thatat'sftft the s&p 500 hit a two-month low yesterday. here are the majajor indices rit now. theowow jes industrial averagee in positive territory y by lilitt m mor than 1010 inin. 8,8,8. can we g get b bac to 88,2?? as for t t nasdaq, iisis highe by nely 11 points. 3 of a percenen 1757. anthe s s&p00 right now also inositive territory by f frr poinints a gain of halflf a percent.. 883. scott? >> all r rig, , chelle, let's get more on daday' aconon ourr team covering g ee markets thth nysyse,hehe sdsdaqthe nyme up in chagago. but firsrs t touour rtha coombs whisishe eye on the floloor totoy y he at new york stock change. hehey,bebert. >>hey, coco. ye, we are close to t tha 8282 rk. we hadadusust en there a couple of minutes ago. some pretty nice revevery ckck fm where we weree on moayay. part of the e asason

i'm maria bartiromo on the floor of the new york stock exchange. here's what we're following at the close this friday afternoon. a push higher in the final minutes of trading for the week. investors reacting all day to a mixed bag of earnings from some of corporate america's biggest names. that offset encouraging news out of the housing sector. new home sales hitting the highest level in seven months.s. oil continuing its trek higher tonight gaining nearly 6% for the week, closing above $63 a barrel. tonight take a look at how we finished the day on wall street for the day, for the week. the dow jones industrial average up 33 points. s&p close but no zbarks down a quarter point. 940 and change on the nasdaq q composite eked out a move to the up side to the down of 1 1/2. 1886. matt nesto on the floor of the nyse. >> what an interesting day. but really as you said this fifth day interesting but it's also important in the sense of the big picture. as we just said the best five-day gain we've seen for these indexes since the trough in march. coming of

i'm maria bartiromo along with scott wapner. nice rally under way. back to fundamentals. better than expected earnings driving things today. >> and even earnings that weren't better than expected. exxon like we were talking about energy stocks up after two down days. the parent of our network, general electric, certainly having a little bit to do with this rally, maria. there are so many good numbers to talk about today. the dow fray percentage standpoint is on pace for its best july since 1939. >> that's true. these are really great stats. and ge really the leadership stock here on the up side. goldman sachs upgrades the stock. talking about the fact that it's probably not going to spin out the ge capital arm and that's going to continue to add to earnings in a big, significant way. mentioned exxon. all the oils are high. oil once again higher above $67 a barrel. that has the oil stocks higher despite weaker than expected numbers or a decline, actually, big decline in earnings from exxonmobil. exxon of course a dow component. there's the nasdaq up in the double digits. 2

i'm maria bartiromo on the steps of federal hall, the site of our nation's first president's oath offfice. across the street from the new york stock exchange. it's hot out here, but it's hot inside as well. we continue our summer on the street series.s. here's what we're following at the close tonight. the red hot month of july coming to a close on a strong note. the dow jones industrial average up almost 9% this month alone. the best monthly performance in seven years. its best july since 1989. the nasdaq and the s&p 500 as well scoring a fifth consecutive monthly gain. the nasdaq is up over 8%. the s&p 500 up better than 7% in the month of july. hello, august. investors encouraged by an improving gdp figure today. the gdp in the second quarter contracted again, but it contracted at a much smaller rate. annualized rate of 1%. that is a 1% decline, indicating the economy is shrinking at a slowing pace. also ahead, oil prices getting a boost today on that reading on the economy. crude oil tonight up nearly 4% to close at $69.45 a barrel. but oil did post its first monthly decline sinc