robebe p pos is chairman of mfs investment nanagent, a fororme chairmrmanff fidelity investstmes.s. e yo m mr. posen.n. make the ca.. why isis iththat you thinkhehe d cannot and should nonotee the sysysticic risk reregutor? >> ell,wewe need to unrstand atat the government'sroposal is to have aouncil as the risk nitor but then o onc an institution is deememed to be systemically riyy then t feded takes over as t txcxcluve regulator. anand thatas t prprobmsms first of all, we haveve a gro cocoalion of agencies actctin a the rkk moninito when we haveve lo of different people with lotsf different sponsibilities, it'ssort of an invitation fornonooneoo take the lead no, oneeo take control. >>>>ouou also make the poioint itit's not possible to entify susuch itititions in a advce and at it's not n nessarily inststututio, it's products, it's different heded fund sizes anththey always be behind t baballririt? >> yeaeah. and thth w we t to thee qststn of oy,y,o we're mononitining and then if we w wt the fed to be the exclusiveisk regulator of all risisky things, how d we kw in a advcecehich iti

we'll leave it there, todd colvin, mf global at the chicago board of trade. >>> for the opening bell on monday we get it kicked off with the index of leading economic indicators. and a couple of significant earnings. oil services giant halliburton and semiconductor company texas instruments see if they can match the good news last week in intel. coming up, viewer mail on missing the crash. investor anger and higher credit card bills. but first the securities and exchange commission cannot prevent fraud and said it can't handle all the tips about possible investment scams either, coming up. >>> billions for bankers and billions for automakers, but what about you? get ready for a virtual town hall meeting. join first business via online video, voice mail or e-mail and be heard. we want to hear your ideas for fixing the u.s. economy. new president, trillions of dollars in taxpayer money and new efforts to fix the economy. first business will be holding a virtual houston town l meeting. you can submit your questions on youtube and found out how on our website, firstbusinessx.com. >>> sin

even well-known international gang mf-13. none of those links have been concerned. so many questions, as a grieving family and community try to stay focused on the couple who opened their hearts and home to children in need. jeffrey kofman, abc news, pensacola. >>> after five planned launches were scrubbed -- >> three, two, one. >> because of mechanical problems or bad weather, "endeavour" lifted off to the international space station just this evening the shuttle will deliver the final piece of the japanese-built research laboratory. and we'll be right back. once you've mastered the complexities of a headache... the rest of the body is a no brainer. doesn't your whole body deserve xcedrin strength relief?, excedrin back & body. excedrin. what ache? inspired from around the country at red lobster. from the northeast, try our new maine lobster and crab bake, with garlic-roasted tender maine lobster, jumbo shrimp, scallops, and a full half-pound of snow crab legs. or from the south, try our new orleans... wood-grilled shrimp jambalaya, simmered with creole seasonings.

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on stocks, we have pulitz-prize winning or of he prize" daniel yergin and we have john killduff of mf global. volatility is the big phrase you hear around wall street on oil. i don't know if it has a thing to do with this summit meeting. but going from roughly 30 to 70, fell off 3 or 4 bucks today. is there any, your judgment, oil impact coming out of this medvedev/obama summit meeting? >> in one word, no. the only impact is indirect in that the main subject that's obviously not being talked about up front is all about iran. >> what would you expect? that's an interesting topic. we need russian help and not getting. they are helping to rebuild nuclear facilities and military facilities. what do you expect? any thought on that? >> it's a dialog from the russian side to understand that the u.s. is really serious about this, and there probably is a time clock ticking here, and to try and build some relationships so that there is a framework for dialog about it and understanding how serious the u.s. and europeans are about it. >> it's interting t me about it. i'll get to john in just one

. >> you can fed estoth sanri in a leotor o mf the eves g on this weendgon o the n b.we go t around townecontifo f nbcwashington.com. or you can visit washingtonpost.com/weekend. >>> all barbie all the time. it is a five-day barbie doll conference comes to our area. >> i'm liz crenshaw. the sonic scrubber says it does the tough scrubbing so you don't have to. does it really do that? find out coming up. . >> in sports, former redskins hall of famer stops by the studio to talk about his mission to help fight leukemia. ñ/ñ/ñ/ñ/ñ/ñ/ >>> it looks like an electric toothbrush but it claims to clean like an electric dynamo. >> the sonic scrubber says it will cut your scrubbing time in half but does it really do that? liz crenshaw. the summer. you don't want to spend all the time scrubbing and whatever. any time at all. >> let it get dirty. >> how can something so small claim to clean so well? well, the sonic scrubber says it cuts cleaning time in half. does it really do? let's find out. >> anthony sullivan with great news for sonic scrubber. portable high-powered sonic cleaner that fits in the palm of

even the well known international gang mf-13. none of those links have been confirmed. many questions as a grieving family and community try to stay focused on the couple who opened their hearts and their home to children in need. jeffrey kofman, abc news, pensacola. >> just forth of detroit the huge explosion of a gasoline tanker set off a highway inferno last night. flames shot hundreds of feet into the air and part of an overpass collapsed on to interstate 75. state police report just one very minor injury. the tanker may have collided with another truck but police have not yet determined the cause. the highway is closed indefinitely. >> iranian news reports say black box recorders have been recovered after that country's worst air disaster in years. they showed a vast crater filled with shoes, clothing and bodies where a plane crashed on wednesday. all 168 people aboard died. much of iran's aircraft are old and in poor condition partly because of trade sanctions. >> three people died in southern california with when their single of engine plane crashed no a parking

joining us is bill stone, chief investment strategist at pnc wealth management and todd coleman at mf global. what's your verdict, so far so good with the exception of a couple stocks, our parent company getting hit today, but overall, are you generally pleased and will the market continue to be able to muster some gains? >> i think definitely you have to be generally pleased. cost-cutting is driven, most of it, but we have seen a few top-line beats. it's tough to have revenues actually grow in an environment particularly the second quarter gave us of just a horrendous global economic environment. but i think you continue to make the story of e getting less bad and things moving in the right direction. >> todd, what about you? any reason why you might think this rally is in jeopardy here, as we go into another round of earnings? >> well, i think this week the market came set up looking for less than great expectations from the banking sector.r. and obviously, the market was wrong. i think the initial move in the s&p from the -- up through 900, earlier in the week, was more of a short

let's bring in senior vp at mf global. also cnbc contributor.ohn, sharon was talking about the dollar. that's whathis move in oil was all abou wasn't ? it wasn't a fundamental play, was t? >> no. the fundamentals haveeen compelling in terms of their being bearish. inventories terrific. bit has been about giving every benefit of the doubt up until now to the economic recovery. these green shoots that everybody is talking about, we're priced in here dramatically. we seem to be getting that back on the back of what is my key indicator, the employment data. >> safe haven play, that means oil is going to continue to go down, right? >> the argument is there for it to go down from here on this basis, yes. right now the safe haven is on. everybody seems to be selling everything this morning, except --nd buying dollars as a place to hide out throughout this period. >> keep in mind, scott, we're still right around this 80 mark on the dollar index which we keep talking about as a key technical level. some out there say that actually oil prices should be hi

market strategist at advanced equities asset management, and john braider, senior vice president at mf global. you guys are the task force, not those guys in washington. craig, i'll start with you. you've been looking for pockets of strength in the earnings. so far, from what you've seen, are you satisfied? do you think overall the season is going to be good, and is it enough to power the dow? >> i think we can go higher. i don't think we can rip higher. look, we had three weeks of bad economic data. people put on precautionary shorts, and then they go and cover on the news event like this morning.g. i think what's going to drag us this quarter is consumer discretionary is not going to be the same as it was in the first quarter, because of the level of deflation. 70% discountsing is the new 50% discounting. but i still think we'll get a positive q3 gdp print. >> how does the bond market feel after taking a break from last week's just amazing amount of issuance. >> well, i think specifically with regards to treasury, it's been a little rotational trade, really trade has been a little ch

orur gtcotane mf 72 iin, wash lonhurned esdmis ert.ovnigh it i'she t uer0sppn i megoprnt , ryine' grgdeoans , tiirfacoun.es slo60ouw .he tndardglue ri e he shenandoah valley. and southern marylan near the bay, norther neck, eastern shore near 70. out in the mountains, u 5pper.0s we have some high clouds coming through. that will be with us throughout much of the day but they'll be zipping away by later on this afternoon, increasing sunshine, but high clouds in and out throughout the day, highs reaching the upper 80s with low huld it. sunrise is 5:54. sunset at 8:34. a look at tonight and tomorrow, that will be in ten minutes. stay tuned. >> thank you, tom. >> thanks very much. now let's go to jerry edwards and the news 4 traffic network. jerry? >> good morning. we do have some road work going on that's causing a pretty good sized delay early this morning. emergency road work on the beltway, prince george's county, inner loop at route 50. we're told three right lanes are closed off. coming down from at least the b-w parkway on the inner loop. expect to be in heavy traffic for the time being.

. >> of mf global. jessica, we gave back a little yesterday.re giving back a little it looks like on the open today. but are the bulls still in charge, would you say, equity wise? >> well, i think momentum had an has been running the equity markets. i believe 74% of all the earnings releases in the s&p have been positive surprises. but it does beg the question, again, are these earnings on cost cutting activities organic demand? i think agency we look forward, equity traders are forced to look at that fact. however, right now, 82% of all the stocks in the s&p are trading over their 200 day moving averages. and so i think that does, again, argue for this momentum higher and, you know, if there are a lot of -- there's still $3.6 trillion of cash sitting on the sidelines. a lot of people are very under invested. and i don't want to miss the move higher because they were caught long on the way down. >> under invested. housing seems to be stabilizing. so those are, like, long-term positives. the gdp number that comes out on friday will give us an id

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