by the way, i want to point out, this is not the nyse's fault. they very much argued that the circuit breakers should be in place all throughout the day, from the open to the close, all of the exchanges, including nasdaq, argued for this. the s.e.c. didn't want this. they're going to have a new program that comes into effect in august that will put circuit breakers in effect throughout the trading day. let's hope it happens quicker than that. guys, back to you. >> indeed. thanks, bob. let's talk about this incredible 24-hour period for the markets in our closing bell exchange. michael farr, cnbc contributor from farr miller in washington, david kudlow from mainstay capital management, joe tanias, and warren myers who works on the floor here with dme securities. let's start with you on this crazy trade. obviously, we were following the lead from what happened in asia overnight and europe this morning, but we've come back today. what happened? >> you know, i look at it this way. the fed minutes that were released yesterday, i think, was a test by t

the nyse has ruled they will stand. a number of trades down as low as 30. we will talk more about why that happened. home builders strong today. . the yield curve has been steepening. tyler, back to you. >> high on our agenda is the russel 200. hit a record high earlier this week and it went positive for the day. seema is covering it all. >> let's check out the nasdaq first. the market likes clarity. when you see traders trying to interpret bernanke, this is what you get. a market that is somewhat jittery. when we're seeing the nasdaq waiver between gains and losses. did provide an early boost of tech shares. a mixed picture. some of the semi conductor players posting gains. some of the big winners this year are from the biotech space. back to you. >> thank you so much. >> first i want to bring in john. he manages $800 billion for that firm and he manages to sleep well at night. we will find out how he does that. >> thanks. pleasure. >> let's start with this phenomenal run that we have had in the stock market so far. does it surprise you that we have not ha

first to sue at the nyse where the bulls are running. >> they sure are. we are up 100 points right now. stocks rallying on the comments from the federal reserve. we are clearly in record territory. the nasdaq has hit a new 12.5 year high. the 18th time and the 18th straight day. this was the sound bite of the day from the bernanke testimony. >> we are trying to make an assessment of whether or not we have seen real and sustainable progress in the labor market outlook. this is a judgment that the committee would have to make if we see continued improvement and we have confidence that that is going to be sustained then we could in the next few meetings we could take a step down in our pace of purchases. again, if we do that, it would not mean that we are automatically aiming towards a complete wind down. rather we would be looking beyond that to see how the economy evolves. >> let's talk about this. bob is with me as is kenney, director at o'neil securities and a cnbc contributor. you think it's more of the same. we knew what we. >> going to hear. >> and i

i.c.e., which is buying nyse says profit fell on acquisition costs, but still beat the street's estimatesbut disappointed. that would include garmin. first quarter profit clocks in below estimates. revenue dropping at its personal navigation devices business. that stock down some 17% this year. now, earnings reports, we'll be watching after the bell. that would include facebook, of course. analysts looking for 13 cents on sales of $1.44 billion. jpmorgan remains bullish as it's still early, they say, in social advertising. facebook, now up about 3% this year, though down some 27% from its offering price of 38 bucks. also on our radar, cbs, visa, and yelp. bill, back to you. >> all right, josh, thank you very much. market status stations out there right now with the dow down 139 points. this is the worst first trading day of the month for the markets going back to june of last year. >>> man, do we have a lot of metrics to look at. have investors reached a fork in the markets road? stay with us. ♪ ♪ ♪ [ male announcer ] this is a reason to look twice. this is a stunning work of technology.

nicole, you have a newcomer to the nyse? what is going on? >> absolutely.a quintiles, letter q. ipo price is 40 bucks. priced at the high end of the range. actually did better than that. it is right now at 43.56. it was up over 10%. traded as high as 44.33. certainly received well. third largest ipo this year. it is the largest this week and this is a very busy week and to give you an idea of that, there are 11 u.s. listed ipos this week slated and quintiles being the largest. i should tell but the underwriters which include morgan stanley, jpmorgan, and also barclays. we're looking at these names here. at the same time they use the money here to, proceeds to repay some debt and this is the health care industry, pharmaceutical development services to be specifically but certainly there has been a high demand for this name today. health care has been received very nicely this year in 2013 as that index is up about 19% this year. so, keep an eye on quintiles. it has been a busy week for ipos and this one certainly is doing very well today. back to you. tracy:

bob joins me on the nyse. we're at or near the lows of today. >> i call this a low volume sell-off. not feeling a lot one way or the other. not changing much in the middle of the day. i do want to point out a number of big companies here. big international companies have again had negative comments today. this is very big. reegle. tell us a little bit of a surprise. >> very much. counting down to the fed. >> it's that time of the month. old style line-up. who is leading, who is lagging. who has got it. and also they made a mistake. all of those things and more coming up at the top of the hour. >> to the bond market. >> lately treasuries have been two. half a dozen or so. yesterday yields were pushed up by hedging on apple. that wasn't around today when we took on yesterday's low yields. and things like hyg, they measure investment grade and high yield are also up dramatically. sue, back to you. >> which stocks are moving? we will talk about that ahead coming up next. [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business.

we have nicole petallides on the floor of the nyse. >> the market is still incredibly resilient.e had a pullback from arlier highs. the market has been a little choppy just in the last few days. we have not really seen any sign of deterioration. it does not pay to worry too much about this volatility. the treasury yields, looking at the ten and 30 year, they have seen big moves to the upside. probably one of the more meaningful, technical development. liz: meaningful? >> a lot of the defense sectors are now lakers. we are seeing this flight out of a lot of big yield groups. liz: gary, i have peered over margin newton shoulders many a day, he has many stocks that he looks up. you look also at fundamental funds. we have those great pieces of data out today. >> we heard from japan and we heard from the euro central bank that their version of the quantitative easing -- when the u.s. market opened, we were already up and running. one of the areas that we did not release the pullback, because they normally oppose each other, gold. we are staying in the 1380 range. a lot of people looki

let's get started at the nyse. >> it was a real stunner. the traders were positioned for a negative report below consensus that came out so far above. the revisions were so strong. so the dax here, 100 point move in the dax. that's 1.25 in germany. where are we now? that's the support level now. the further we get from that and we're now 3% above the 2007 high. that's better for the markets. that gives strong indication of positive momentum. >> it did show 114,000 more people. it did not show strong economic growth, stronger than we thought. here are the numbers. 148 was expected. it was somewhat lower. 7.5% unemployment rate. revisions to february and march. average hourly earnings, a tepid 0.2%. actually declining. that actually means forecast for growth in the second quarter will come down. it should provide something of an anti-dote. here are some of the instructions. that was outside of residential. retail up temporary help. good sign of things to cover. here is the government. 11,000 down this month. just a word on government employme

lauren simonetti on the floor of the nyse.ike the bidding war for clearwire is really heating up. >> it is heating up. shares of clearwire up 26% obviously with a new annual high with a gain like that. this is what is going on. dish overnight making an offer for clearwire which surpasses sprint's offer that clearwire was supposed to vote on tomorrow. so now it is getting a little complicated. reportedly that meeting settle for tomorrow has been declared. all three of these stocks are up, as you can see. so this is going to be an interesting one. let's quickly take a look at clearwire shares over the past year. you can see they are certainly making a huge gain and that is happening today. back to you. ashley: nice move up. lauren, thanks so much. we'll be back at the bottom of the hour. tracy: coming up, the boom in u.s. shale, posing a new challenge for opec ahead of this meeting tomorrow. we'll look how it could impact energy prices. ashley: but first let's look how the u.s. dollar is moving right now against some of these cu

nicole petallides on floor of the nyse. nicole?take a look here, ashley and lori, at thedown which at its highest point, broke through 15,500. traded as high as 15,542. it since pulled back. it was up 155 points today. now in negative territory. certainly the optimism here on wall street taking a little bit of a breather. the vix, fear index is to the upside. dollar is very strong. this is the kind of action we see when we have a strong dollar and equities and commodities sell off and that's what we're seeing in the 10-year bond at 0.21%. hewlett-packard, this dow component will come out with its quarterly numbers after the bell. some analysts are predicting bug miss on the revenue. they will be looking to see how much this company is spending on research and development. stay tuned to the 4:00 p.m. show. we'll have hewlett-packard and limited. two hot stocks to watch between now and 4:00. we'll bring you numbers as soon as they're available. that is the latest on the floor of the new york stock exchange. back to you. ashley: nicol

i want to start at the nyse.ow much importance are you putting into the fact that toda we went as far as 1504 points t the upside and then down 50- something. now we're kind of moderated. >> it is will we call i key reversal when you have multi da highs and pull back to new lows on the session. right now only the s&p and nasdaq are doing that. it is a 30-. swing from high to low, so it is meaningful. born to point out that the trad has not been broken from april lows. we are still up almost 9% torso. the bigger moves that we see today have been in the u.s. dollar index as well as treasury , back over 2 percent, and i would argue that is movin to equities. right now so you have a 2-3 day correction. want to see us be down below th futures. liz: look at that deal. i think he is absolutely correct . a lot of our viewers own treasury, and this matters to people. a jump of nine basis points has been whiplashed today. up, down, all around. >> is certainly has come and we had a 16-point range. i mean, we are not pushing

. $378 billion of margin debt for those operating here out of the nyse. >> trying to chase it. >> theirman will speak about 20 minutes. 15 minutes of q & a. last year he talked about stress tests and the year before that about supervisions and we'll see if the theme of his talk is in that vein, but we'll be on alert for any surprises. >> there's the sec and the fed about who is delving further into regulation and grasping dodd frank for their own end and it's a political battle and some in the sec is perhaps overstepping where the boundary was set. >> coming up in 25 minutes as we still do not have the volcker rule, so to speak or what it will do for the banks. carl icahn and southeastern asset managet proposing the new deal for dell and offering a deal in which you would get $12 a share and it is an alternative to the buyer proposal worth $13.65 a share cash. carl icahn, by the way, will be a guest this afternoon on the fast money halftime report at noon eastern. what's important to point out is he is not making an offer in the sense of hey, i'm carl icahn and i'll borrow a lot of mo

let's go to nicole petallides at the nyse. sears losing about 14%, right? >> that's right.f gains over the last several weeks. this is a losing week on wall street, really bucking the trend and sears goes right in there, dave and liz. you're seeing it down 14% despite the fact it is a winner year-to-date. they came out with numbers that even the ceo says is completely unacceptable. they had losses that were bigger than expected. liz: proctor & gamble has struggled at least over the past couple years although recently was doing relatively decently. >> right. liz: none the less too controversial with the current ceo. they replaced that ceo. the stock we folk -- focused on because it is widely-held. >> it is a name we know. household you run to the store you're probably getting something from proctor & gamble. the changing of the guard. that helped proctor & gamble along. it is up 4%. adding over 20 positive dow points that helped to move this stock to higher levels ish by the way, that is new trend, bringing back old ceos the that we'll be talking about later this hour. tesla

liz: sectors are on the s&p with four and have% gain, so at the nyse, which ones are you looking at, which ones really jump out? nicole: as we noted the energy sector is doing particularly well, looking at a record, and because the advisor said 6.4% stake in the company and will engage with men's meant to shareholder values. that is a large one with what is doing new annual highs. he will bring some capital discipline to chesapeake. you remember late friday on the fox business network, there was an issue with the closing bell. they canceled all the erroneous errors. chevron, breaking new moves to the upside as well, back to you. liz: that was so incredible. you be so careful whe it comes o electronic trading. the humans keep it all together. it is a billion plus dollars deal that not everybody is happy with. the who agrees to buy tumbler from 1.1 billion in cash. yahoo ceo is in following, on the record, not screw it up. this is how multi million dollars ceos speak these days. many users aren't buying it. a little bit of public outcry on the social sharing site with posts like this o

nicole petallides down on the floor of the nyse.ng into these losses. >> all right. tracy and ashley you are absolutely correct about that. we are in fact cutting into these losses. we were down over one full percentage point on s&p 500 and dow jones industrials. right now we're down about 69 points. we're seeing the drug index and retail index still under pressure however the banking index really turned around. a majority of bank stocks are posting up arrows. jpmorgan pulled back but many of the others have been holding on. i wanted to look here at some of the shoe companies in particular. looking brown shoe and designer shoe warehouse, dsw. they came out both with their numbers. here a look. both stocks, look at today's action. dsw up nearly 5%. brown shoe up 12 1/2%. both are hitting new 52-week highs as they both post their quarterly numbers and you can see impressing wall street to a certain extent. back to you. ashley: they are nicole, thank you so much. tracy: coming up, he's on the boards of facebook. hewlett-packard and mor

tom nice, nyse, and sheryl mill, this assistant to secretary of state hillary clinton, and knewland wasnominated for a position that requires senate confirmation. i reaction from the obama administration on this? >> i've checked in with the state department. so far nothing from them. chairman issa says this quote-unquote narrowly tailored subpoena has been issue baud secretary of state kerry failed to live up to promises. >> i will work with you, mr. chairman. i do not want to spend the next year coming up here talking about benghazi. if there's something legitimate that really needs to be put on the table, i'll about it on the table. and i'll work with you in good faith. >> of course it bears mentioning secretary of state kerry at the time the benghazi attacks occurred was himself serve in the u.s. senate. >> james, thank you. there are new signs that the united states and russia could soon be sucked into opposite sides of the bloody civil war in syria. and that is next. kinnier, you know? not really. aaah! jessica! whoa! your friend's a rate sucker. her bad driving makes car insurance

two nyse trader.de his fortune selling his company, ble blue lithium to ya, you see this hear this, day ja view to you, yahoo! not a great track record on making them work. >> i think marissa is a different structure, in building something for long run. she will reinvigorate yahoo!, i think it is a great transaction, you look at youtube and google, everyone said a billion for something only 18 months old, now you know several years later, it is 700 million in profit. and 4 billion in revenue for google that tells you why. silicon valley if it picks right winners, it shoeing to invest in them -- if it choosing to invest in them. neil: the check has cleared for you, right? you were brilliant at that time. >> not even about, that market has changed. >> that is where there are doubts, because, tumblr is that a hundred million users, yet to capitalize off that. it seems like a few more possibility. >> what i know about tumblr, is unfortunate, i can not imagine any merchant wanting to align their product wi

first, let's check in with sue down at the nyse where the big rally is taking place. >> sure is. very broad-based. let's look at the numbers right now. it's been a stellar way to start the week. the dow jones industrial up about 152 points just shy actually just above 1% gain. s&p 500 up already 1% or 15 points, nasdaq is up better than 1%. 39 points to the plus sigh. the russell 2000 up 1.6%, up 15 points. overseas, not to be left out. we had some very decent percentage moves in the ftse. the nikkei and shanghai composite, finishing -- in terms of the precious metals, gold giving back a bit. we see the same thing in the silver market. copper is on the up side. that's pleasing to some of the bears who were worried about the global growth scenario, a bit of a rebound in copper is certainly welcome today. brent crude is straiting up, the ten-year note moving to the down side, which means the yield is moving to the up side. rick santelli will tell us more about that in a few minutes, first to the trading action here. josh lipman is with me. good to see you. >> hi, sue. get back to w

more "squawk on the street" live from the nyse straight ahead. are you still sleeping?make sure that we were on schedule. the first technology of its kind... mom and dad, i have great news. is now providing answers families need. siemens. answers. how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ bny mellon combines investment management & investment giving us unique insightsears. which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. >>> time for "the mad dash," six minutes before the opening bell. we have a big monday of trading ahead of us including the entire week. michael kors. >> c

mary thompson on the floor of the nyse. >> traders says there are a cup of things at play. a little buyers fatigue. we've had a very strong market so far this year. you're going to have days like that. that's what some of the traders are telling me. also the article in the journal on friday by john hilsenrather, saturday, actually, raising the expectations that the federal reserve could actually -- mapping out a plan to pull back on qe-3. they say that's impacting the markets as well. but we do want to note even as we talk about this, the nasdaq is higher. holding on to some gains. biotech stocks very strong today. that's giving a lift to the nasdaq offsetting weakness we are seeing in semiconductors. also retailers are strong as well. recovering from an earlier decline. retail sales for the month of april were up a better than expected .1%. what are traders looking ahead to for the rest of the week? lot of fed speak. a lot of in your opinions from the federal resefrve. they'll be listening to clues about whether or not the fed does have a plan to ease qe-3. do the fed memb

. >>> finally, a new listing on the nyse.t properties. >> it is a ticker csg, market cap about 2.5 billion. and the ceo, come on into the picture here. we were just talking about it. how are you? congratulation. >> hello. >> you live near me. you know where it opened up. we know space is competitive. that's your business. how do you see the commercial real state market? >> commercial real estate is really starting to pick up. we're seeing our tenants expand, building new buildings, we think that what we're seeing is a consolidation in the industrial distribution markets into larger facilities that are more efficient, that are going to provide, you know, speedier delivery. >> the one thing we saw with housing. tell me if this is a fair analogy or if i'm completely offbase. big investment funds ball you have thousands are or tens of thousands of homes and rented them back to their owners. okay? are you seeing the same thing with industrial and warehouse space? a lot of empty buildings? >> no. >> no? >> no. not a lot of empty bu

multiple circuit breakers kicking in here and obviously a huge rise on the nyse. >> kate, thanks withopments on that important story that the stock, as we mentioned, as you sauce, getting a huge run. it's been halted three times at least. but it's a story we continue to follow here. there's a look at, again, mbi, that's mbia, the stock up 41 1/2% on that news in developments that kate kelly just brought to us. >>> the markets continue their march higher with many stocks soaring past record highs but a few under a radar name still have plenty of upside according to our next guest. scott black from dell fay management is a member of the barron's round-table who oversees $800 million and joins us now live. welcome back to the "halftime show." >> thanks for inviting me, scott. >> would love to get your overall picks. given the state of the markets and where we currently sit, give me an overall comment of how you see the landscape today. >> well, if you look at small and mid cap stocks, roughly 19 times expected earnings on the whole. expensive. but if you look at the s&p 500, it's roughly

david: let's go to lauren simonetti at the nyse. the fact is that we want to talk about individual stocks but you got to talk about the mood. the mood in the last 10 minutes of trading turned really ugly. are the traders there thinking this continues through the weekend into monday? >> david, i just want to show you a picture of the floor right now. you can see there's a lot of activity, a lot of traders. you don't typically see this on a friday after the closing bell. 4:00, you get out of here, lots of activity, lots of rebalancing going on. a couple traders telling me, this is kind of expected. maybe not 209 point selloff but we've been up and up and pp all year. tough come back a little bit. maybe this is a glimpse of sell in may. volume continues to grow by the way. we're talking 1.1 billion shares here at the new york stock exchange. david: last time we were down over 200 points was april 15th. so it has been a while. >> yeah. david: this may be the sell in may and this is the last day they could do it. >> thank you, lauren, th

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nyse volume, high teest in a mo. what led us lower? the same sectors that led us higher? health care, and consumer discretionary all led us higher. >> today's federal reserve minutes showing no consensus among federal reserve officials on when to begin that slowdown of the stimulus. with some fmoc members suggesting tapering could start as early as next month. that's probably what caused the market sell-off. that seemingly was not insync with fed chief ben bernanke, telling congress this morning that the economy still needs stimulus to help the recovery and tapering might begin in a few months. joining us to make sense of it all, exclusively, is renowned fed critic, jim grant of grant's interest rate observer. jim, good to have you on the program, as always. >> did you hear anything new today from bernanke and company? >> economists proverbally have more than two hands and the fed seems to have six or eight. many, many changes of opinion, airing of potentials and possibilities, i don't think there's much new. >> but, i mean, that scares me that there's so much division in

plus, nicole standing by on the floor of the nyse. let's get to our traders.dy weisberg, i look at this and say we have two days of consolidation last week. people started to question whether this was the beginning of perhaps a trending in correction territory. not so, it appears. >> well, you know, liz, we've been on such a upward roll that the minute we kind of just pause for one day, two days, three days, you know, everybody kind of is just almost running for the exits, and i think it's probably a little premature. the fact is markets are allowed to trade sideways and digest their gains. we're exiting earnings, this is a big week for economic numbers. you know, we're kind of poised for the moment for a little disappointment, maybe we give a little back, but i would say on balance the tape still acts very well. the fact that we're down a little and nasdaq is up, i think that's actually a good ign. i think it's much healthier when there's a smattering of green and a smattering of red. it's much easier, quite frankly, to read the market. liz: well, yeah. and l

is implementing these new limit, up-limit, down-limit rules, so we've gone away from what the nyse used to have in place. they have issued a statement later in the day asking the s.e.c. to transition into basically reinstating the liquidity replenishment points that the nje used to have, but as of right now, those last 30 minutes could be a volatile one and very heavy with the volume. >> courtney, thank you. when there is a rebalancing, there is a buying and selling of stock in a particular index and that's why we get the volume and the volatility. let's talk about today's market action with these gentleman. it's ken mahoney, david sieberg from keown and company, brian evans from bond street wealth management, and andrew wilkinson, from miller tabak. good to see you all. thanks for joining us today. so ken mahoney, we didn't get sell in may and go away, but could we get a june swoon if this picks up here? >> i think the path of least resistance is that stocks go higher. at the end of the day, you have a lot of must be managers are experiencing performance anxiety. and i'm not referring

some people think they have a percentage, 2%, 3% of the daily volume on the nyse. >> amazing.n't be surprised. thanks, kate. >> thank you. >> see you later. >>> heading towards the close. 13 minutes left in the trading session. dow down 22 points. up 40 on the high, down 40 on the low. 80-point trading range today. >>> meanwhile we were talking with chris. he says the tart of trally is o getting started. >> back to the '90s in terms of the move we're going to see. >>> on today's big data download, why home depot may be a good buy ahead of the company's earnings tomorrow. find out how to play that stock right now at big data -- start again, bill. bigdata.cnbc.com. and on cnbc's mobile app. [ kitt ] you know what's impressive? a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ sfwlnchts less than ten minutes to go on another

proceed to consolidation, may proceed to 3, 4% pullback, but overall, look, short interest on the nyse component stocks, up 10% from last year's lows. this is in the context of a market making all-time highs. we're not seeing the ewe foreya that makes market tops. >> that's a really important point, nathan. and the one that today is making, usually, when you see a market that's in bubble territory, that's about to sort of explode to the downside, there are, you know, euphoria, bubble-type signals out there. what are those signals right now, do you think, or are there not? >> i don't see signals. i don't see any signals out there. i don't really see any out there, maria. what i think is going to happen is this is going to be a great opportunity for a lot of people who missed the market. and the one group that's really missed the market, when you take a look at the asset allocation inside of pension funds, they have been absent for a lot of this recovery. so they're looking for an entry point. and we're actually -- the average investor says, i know what i'm buying. in the past, the inves

imhe's carl quintanilla with jim cramer live at the nyse. >>> busy morning shaping up. david, what's coming up? >> we're going to have a good group of hedge fund managers this morning. credit, credit, credit. it's funny we talk so often about equity hedge funds but there is a lot of guys who are focused on credit when it comes to their hedge funds. we'll talk to john burbank of passport capital. >> been a busy conference so far. >> jeff chronicle may be the smartest man on wall street. the guy saw it all coming. if they'd let him stay at merrill lynch, merrill lynch would be king right now instead of swallowed up. >>> futures once again had that soft tone despite the good claims number. european action looks like this. bank of england did hold steady on rates but the bank of korea cut a quarter point which some took as a surprise. >>> our road map begins with the markets. s&p, nasdaq, the industrials, transports, russell, all continuing to make history by hitting new milestones. three of the most beaten-down names though battling back -- groupon, green mountain and barn

krispy kreme is moving to the nyse in may. >> yes, that's how we did it back in the day, but investorse company grew too fast. then came a management shake up. now the company has had 17 straight quarters of same-store sales increases, outperforms both dunkin and starbucks on the stock market, but there's still a hole in this donut story. coffee is only 5% of revenues here compared to 60% for dunkin. >> truth is, the business model that krispy kreme has is very different than dunkin' donuts or starbucks, and i've got great respect for both of their business models, but they are largely beverage companies and we are a doughnut company. >> you know, in the future, when dunkin' tends to penetrate further out west, will that hurt krispy kreme? i don't think so, because of what krispy kreme is all about, it's all about the doughnut and dunkin' is all about the coffee. >> but coffee has much higher margins. and as they start to expand, coffee will play a role, and also, guys, analysts might also like to see maybe a lunch menu. i mean it's, you know, almost 12:30 here. this isn't really dough

our very own nicole petallides is at the nyse and sandra smith doing her last hurrah today.t's head to you first. nicole: it is interesting how we are moving to session lows. the dow jones industrials are down about 115-point right now. most of the economists are not expecting to see much change. the language is to see if they really cut back on these purchases. will they make any changes? we are in this wait and see mode ashley: you expect the fed to taper purchases. the growing number of analysts say no, this is going into at least the spring of 2014. >> we are not expecting anything right now. they get to play this game for a little while longer. things will be looking pretty good. our estimate is that growth will pick up closer to year end. all of a sudden, that 85 billion is now 48 billion. the u.s. government will issue much less that. ashley: thank you. some people think that maybe they will keep the mortgage backed security purchases the way because they believe that is showing some progress. they may end up cutting back on the treasury. we are saying that money filt

the big board healthcare realty trust celebrating its 20th anniversary over on the nyse.w york congressional representative michael grim. >> we mentioned campbell briefly. volume was up 5% and shares up 37%. >> there's a very nice man who wrote. he writes this column in the lower left hand column of the journal. i want to be polite. he's not been that right and he says campbell will's soup is not going to be that hot. please, please, writers and editors of "the wall street journal, examine what you've written. give us a mea culpa. this is one of the stories that would have kept you out. fortunately, they're written before the bell. >> you tweeted about this earlier this morning. this is sort of your mission of the day. the ideology of skepticism at all costs, i regard it as newism, it's not skepticism. campbell's soup has done the right things. it's the same campbell's soup that traded at 33 for ten years? no. look at what they're doing for offen's sake. they've got rell oij are ijon. >> it did benefit from the multiple increase that we saw across the board as a result of

time to get to nicole petallides at the nyse.g big winners in today's session. >> right. looking at tiffany and tesla, two names that certainly have grabbed headlines on wall street not only today but all year. here is a look right now. realls point he was noting about the global economy versus here at home. tiffany, for example, did very well abroad over in asia in particular despite the weakened yen. tiffany did well with sales numbers in china and japan. also a couple of things. they had a 175-year anniversary. their sales were great. they had "the great gatsby" valentine's day. that is up 3 1/2% for tiffany. tesla gains benefits from the government being a green company with their electric cars. the company sup 11.5% today. broke through 100 bucks, 105 to be specific. it is at 104.33. posted its first profit ever and continues to grow. their car, the model s, ashley and tracy, got a near-perfect raiding from consumer points, 99 out of the 100. that didn't hurt either. ashley: interesting chart taking off. nicole, we'll be bac

we have live reports coming up from that nyse and the cme.good, but it is not great. dennis: the box office takes may be too small. we may have a way to make money on it in my media minute. cheryl: you cannot always get what you want. the rolling stones forced to cut ticket prices. we will have details coming up in the west coast minute. dennis: unemployment rate dipping to 7.5%. the lowest in five years. we have team coverage. nicole petallides and phil flynn. nicole. nicole: let's take a look at what we are seeing here with the market major averages. the dow 15,000. you can see it right now. it has pulled back. we did cross the 15,000 mark. we traded as high as 15,009. the s&p also touched and rope through records. we watched that. new highs there. the nasdaq composite hitting levels. the employment report with some good news. the catalyst for the day. we are at the date of the earnings season. at&t, visor and jpmorgan are the exception. caterpillar, 3m and hewlett-packard helping to cape the bull market going today. phil flynn, what is goi

of course at the nyse. nicole, at least we're drifting higher. >> yeah.d to do some research at zumiez to see if charles is really right on the money with that. let's look here what we're seeing. we're watching tesla motors, in particular, a name started off to the downside. it is higher by 4%. what is interesting about tesla. they kept their promise, paying back the government what they borrowed back in the year 2010 of 452 million, over 450 million paying that back plus interest. they obviously sold some shares in order to do that. the company is now profitable. the next two models that they're going to be working on they will do so without having to raise more cash. they did get their numbers out of "consumer reports" for the model s where they got a near perfect score. you haven't seen that in several years. they got a 99 out of 100. lexus was the last one to do that. a lot of analysts jumped on board. over the past month or so it surged about 70%. it obviously has been a stellar performer that we continue to follow. i want to know in the 3:00 p.m. be

nicole petallides on the floor of the nyse. guess how off then we go there? every 15 minutes.looking at movers including barns and noibl, bks, the ticker symbol. it is up 8% today. another headline for barnes & noble, a name surrounded by plenty of headlines this month of may. here's a look right now. we're talking about the simple touch to get a new web browser, e-mail, update the store app for the nook touch line of ereaders that is being reported by tech crunch. that is citing a source close to the matter. we've heard from "barron's" about shares having potential upside. we talked recently about microsoft. you see that big pop. that is when the thoughts that microsoft might be interested in the remainder of nook it doesn't already own. we saw the stock above 23 bucks. down to 19 and change. now jumping up to 21.61 at the moment. a little volatile with each headline. back to you. >> nicole. thank you very much. we'll be back at the bottom of the hour. lori: congress gearing up for new round of hearings for the irs scandal. there is some evidence that the people in the white

nicole petallides said the nyse. here we go again. >> reporter: another day, another record.now , so that is interesting for the bulls out there who are hoping that they get higher and higher fee. but also we are watching clear wire as we see the up arrows. sprint up one 1/4%. there wire up nearly 5%. this is as sprint moved ahead and the reasons is the black -- buyout offer. the idea was the stock had been trading above the offer, so there were going to convene, an the idea was many believe that they would reject the previous offer in order to avoid that they up to the bid, some of their going to up push and have another shareholder meeting on may 30. sprint says this is there best and final offer. from 340 up from 297. back to you. ashley: to either leave it. thank you so much. lori: president obama's health care law aims to save money by creating a nationwide system of electronic medical record-keeping, but that specia series this could be more harm than good. >> let's imagine that all of your medical records are in a cloud, a unsearchable databases on the internet. what d

. >>> during the second half of april, short telling rose at the nyse, but fell during the nasdaq.en looking at the put call ratio. what is that telling you? >> i haven't, really. we can look at that. >> i thought you had. being short was a nightmare at the moment. rising tide, record bull market. 86 out of is 100 were looking to increase their payout this year. on the other hand, it's more of a stock picking market, isn't it? the first group has 17% of the day. but then m&s has disappointing results today. the shares go up. those are the top five. but trying to find a single common theme behind them is difficult. people are covering their shorts and first group. so it's a challenging environment to be a short seller and it's increasing the expensive to be one. >> thanks very much for that, steve from markit. paul, thank you very much. icbc shares have traded lower in hong kong today after goldman sachs sold off its biggest stake in the bank. the final sale to the chinese lender ended a seven-year investment that netted the wall street firm more than $7 billion. putting the squeeze

nicole petallides on the floor of the nyse as we do every 15 minutes.ding near session highs. >> it absolutely is. 15,050 is the highest point. day. we're less than five points away from that level, ashley and tracy. dow jones, let's start with that, up about half a percent. the s&p 500 up half 1%. and the tech-heavy nasdaq moved into the green territory and remaining there, up about .1 of 1%. that being said i want to get to a mover have, looking at fossil. their first quarter numbers came in. their earnings rose 24%. they partly had that gain because of a joint venture but you can see the stock is up significantly, up about 10%. and certainly a win are year-to-date as well, up almost 20% this year. obviously the fashion accessory retailer is having a great day as their sales continue to improve. back to you. ashley: impressive. nicole, thanks very much. tracy: all right. s&p is on track for its 10th record close this year. our next guest says it could gain another 10% before the year is over. milton mezrati, senior market strategist at lord abbett. ho

lauren simonetti on the floor of the nyse.e is making some changes. >> yes, they are. this is breaking news, ashley. the new york stock exchange asking the sec if they can bring back what they call speed bumps. these are lrps or liquidity replenishment points and essentially what they do is cut back on volatility in certain stocks. we've seen a lot of issues with this, most recently at the end of the month, anadarko, next era energy all having trading issues. so the sec has in place in 750 stocks that trade hire at the new york stock exchange will be covered by limit up, limit down which governed the first 15 minutes of trading and final half hour. there will be broader protection over stock trading. this will take effect starting on thursday. it would have been good to have something like that down here today because we have the msci rebalance. this will be in place for june 28th, russell rebalance. that is what is going on. it will smooth things out when we have trading issues. ashley: seems like a good plan i would guess. l

nicole petallides down on the floor of the nyse. nicole?nd tracy we're taking a look at the markets trying to gauge what we do into -- go into the back after of the day before the closing bell. the markets are maintaining a nice lead and still holding onto the 1% mark. we've come off the earlier highs. it is worth saying again, dow 15,000. we broke through that level. went up to 15,009 and pulled back some as you can see. but still holding onto a 152-.gain on the heels of the jobs report. that being said, let's look at aig, a name we're obviously familiar with because we all owned a part of it. this is the first quarter which u.s. taxpayer doesn't actually own any holdings of aig but you can see here that the stock is up 5.7%. it is hit a new 52-week high. up over 25% last year-to-date. i'll be more clear, year-to-date. that is the latest. back to you. ashley: very good, nicole. we'll check back with you at the bottom of the hour. tracy: one of many stocks we own. >> that's true. tracy: coming up he is the man warren buffett calls when he w

nicole petallides on the floor of the nyse. retail stocks no doubt. >> it certainly is and let's kick it off by taking a close look at macy's. those of you who shop at bloomingdale's, bloomingdale's is under the macy's umbrella. there is good news for the profit which jumped 20%, same-store sales on the rise and raised their dividend 25% and added to the bye bark. good news there for -- buyback. good news for macy's. this is other names with record highs that includes macy's. they're hitting all-time highs today. consumers continue to spend in names like nordstrom, home depot, carmax, tjx, the paint of tjx and marshals. lowers, o'reilly -- lowe's and o'reilly's and urban outfitters. the majority of these i ran through them, they all cained about 20 or 30% each one year-to-date. so a lot of great performers there. back to you. ashley:. ashley: nicole, thank you very much. we'll be back with you in about 15 minutes. tracy: coming up netflix shares more than tripling since august. billionaire investor carl icahn was along for the

let's head to the floor of the nyse and our very own lauren simonetti.n. >> ashley, the s&p and nasdaq are up. the dow is trying. let me show you a big winner, the gap. they reported same-store sales in april, up over 7% from last year. their guidance for the first quarter was better than expected as well. of course they report may 23rd. we'll look forward to that report and several analysts coming out today raising their price target on the retailer. so a nice gain and a nice turnaround for gap. back to you. ashley: all right. lauren, thank you so much. we'll be to you in well, about 15 minutes. tracy: federal reserve chairman ben bernanke earlier today expressing concern over the too big to fail banks. he said this at the chicago federal reserve meeting this morning, calling them a risk to the financial system. peter barnes joins us now from chicago with more. he made some dire statements, didn't he? >> yeah, tracy, that's right. there is this big debate about too big to fail going on in washington and whether more should be done to try to make sure we

tom nyse, says we should use money from persian gulf states to fund businesses. and ryan crocker says we indiana to listen more. there are moderates in these countries. we sort of come in with an american agenda. we have to get these projects finished and get good numbers that will impress members of congress and we don't listen enough. last week another state department official, jose fernandez, gave a speech which i think the title is great, called" diplomacy in an age of austerity" and that's a reality we have to face. and he talked about trying to get american companies to sell in the middle east. in 2011 chinese companies sold $150 billion worth of goods across the middle east. that's twice the amount american companies sold in the region. one bright spot was actually the united arab emirates, which is where dubai is located. believe it or not, according to the state department official, the united states currently exports more to the united arab emirates than it does all of india. that's because there's a huge market for infrastructure and energy and those

imhe's carl quintanilla with jim cramer live at the nyse. >>> busy morning shaping up.roup of hedge fund managers this morning. credit, credit, credit. it's funny we talk so often about equity hedge funds but there is a

good morning, welcome to "squawk on the street," carl quintanilla, jim kraemer and david faber at the nyse

the nyse is investigating stock surges tide to a federal information leak. subpoenas have been issued to firms and individuals w in connection with a leak last no. that case in question deals with a d.c. political intelligence firm which alerted its clients that the government would soon make a decision favoring health insurers who participated in a medicare program. that alert talked to surges carrying several major health concerns. the official government was not made until the next day. joining us to toss about what this means. good morning. >> good morning inside information is a very funny thing. if you know about a merger before the merger, i understand. there's a lobbyist or somewhere in washington who gets a heads up or is somehow involved in the people's business, if you will, is that information insider information? and that's what this case is ultimately going to be about. >> that's exactly what it's about. this is about expert networks inside the beltway and that is you have people who troll the halls of capitol hill troll the halls of the agents

i'm carl quintanilla with jim cramer and david faber at the nyse.erman factory orders pretty clean over there. nikkei did get to work after the holiday and catching up from friday, back above 14,000 for the first time since

i'm carl quintanilla with jim cramer and david faber at the nyse. it's supported by decent macro data. we have good car sales in europe, german factory orders pretty clean over there. nikkei did get to work after the holiday and catching up from friday, back above 14,000 for the first time since 2008. that is a 3.5% gain. our road map begins with microsoft this morning in the midst of what many are calling its new coke moment retooling the harshly criticized windows 8. we'll find out what that means for the operating system and for its biggest backer and that would be steve ballmer. >>> google shares sitting at an all-time high and could it knock it from its pedestal? >> likely to face a much tougher battle in the house. we'll handicap its chances. >> and the big banks are some of the biggest gainers certainly yesterday as the markets continue to push higher. we'll round up all of those moves. >> we'll start with microsoft, the company preparing to retool the windows 8 and for the slump in pc sales. given the code name blue will not be released to c