history like there's been a lot of wall street likes the current situation those of wall street but. when peter wall street has never been capped wall street's not capitalist either wall street is its own system entirely capitalism by definition is selling one skills and work and product there of for a price to a need in the free market that has been corrupted that very simple direct relationship has been corrupted so badly by socialists by. want to profit from the system by no and you know it's very you know why wall street but like i said wall street's not capitalist either but it's a whole other read capitalists are wall street and the fact that those two things are equated is is is just ridiculous but it's very interesting because i think it's important to pinpoint the genesis of this and and how it came about and it's really interesting because i think your views are find it really interesting especially on this network that there was a gentleman by the name of yuri besan off who gave a talk in los angeles in one thousand nine hundred three and he was a k.g.b. to factor and he was a propag

street like there's been a lot of wall street likes the current situation knows about wall street but if you were to him but peter wall street has never been capped wall street's not capitalist either wall street is its own system entirely capitalism by definition is selling one skills and work and product of for a price to a need in the free market that has been corrupted that very simple direct relationship has been corrupted so badly by socialists by. want to profit from the system by no and you know it's very you know why wall street but like i said wall street's not capitalist either but it's a whole other read capitalists are wall street and the fact that those two things are equated is is is just ridiculous but it's very interesting because i think it's important to pinpoint the genesis of this and and how it came about and it's really interesting because i think your views are find it really interesting especially on this network that there was a gentleman by the name of yuri besan off who gave a talk in los angeles in one thousand nine hundred three and he was a g.b. to factor and he was a propaganda exp

peter: when you would sell it. janice jackson, wall streetport, thank you for joining us. check this out, the second piece of and the warhol art work we have had on "varney and company". it is coming up and we will unveil it next and it is selling for millions of dollars, that after this. stuart: when gas prices creeping up but will be up 4 sense in the past week, $3.56 on regular, oil down to the big time, up $ at 93, amazon could be thrilling it had into the smart phone rang, recent reports suggest it was working on a fund that has the 3d screen. images are seen to flow like a hologram. no confirmation for amazon, stock is up $1 at $1.61, look at the dallas after the fed jordan board us throughout the morning, he didn't say anything, was a real some northwest. we expected something to say, some market reaction. we are down 19. 1 world trade, the tallest building in the western hemisphere. workers attached the top part of that building. it is 1776 feet tall. are you still sleeping? just wanted to check and make sure that we were on schedule.

peter lynch. he had one up in wall street an beating the street, which remain two of the best investment took books of all time. i tell them to goat say i want to learn nmore about the stockmarket. it went towards my tuition and room and board. when i got out of college and after a lot of attempts to get a job in the newspaper be rejected, by the way, by more than vest papers, i have every single rejection letter in the trunk. i landed a general assignment report, making $156 a month. i keep the tabs to remind me how hard it was when i got started and how poor poor i was. nevertheless, poor, $156. i contributed even then. i put a few dollars away within i could. not long after i applied and got a job at the now defunct herald examiner. i was making $179 a week. it was in the town four times as expensive as living in tallahassee. i found a bungled apartment in the fairfax district it was sketchy back then. 1819 orange grove around pioneer chicken, which was way too expensive for me to go to. a few weeks later i was stopped and broken into repeatedly. at the time i was assigned if san diego, a horrib

one from wall street "beat the street." two, those are peter lench books. they're really terrific. i think those are great places to get started. >>> let's go to @jehamilton. how many hours do you sleep each night? i tend to get three our four hours a night. friday and saturday i sleep twice or three times. that i believe, i know it sound fanciful that you save up the sleep. if you get a lot of sleep on saturday night, you don't need to get a lot on sunday or monday and i don't. another great tweet comes from, boo-yah, jim, just finished your book. "you got screwed." great book. just as relevant today as when you wrote it. i thought it would be popular. a lot of people didn't like the title. i remember saying, cramer, why did you call it this for? it was spot-on how wall street sometimes can stab you right in the face as well as in the back. "mad money" is back after the break. >>> i like to say there's always a bull market somewhere and i promise to find it just for you right here on "mad money." i'm jim cramer. >>> coming up on "the suze orman show," why i'm concerned about the r

peter. ashley: record after record on wall street. investors are very cautious. especially after the fake tweet that triggered a selloff. joining me now is congressman scott garrett. congressman, thank you for joining us. what are you hoping to achieve? >> that actually falls into the third of three panels that we will take to look at this. we want to step back and see how we get to where we are right now and dive into some of the details a little more in detail. the goal is to make sure that there is more investor confidence, more complexity. if we can do that, you will be achieving what you want to do. ashley: to screw up is human, to really screw up takes computers. what average you come up with with regard to changing the regulations or the system, isn't there always a way you can change a computer program to get around it? >> well, sure. i thought congress would be the next step. that is true. the problem is congress for too long has been looking at these issues in a singular fashion. we need to step back and take a holistic approach. maybe we need to revamp

where all things are considered i'm peter lavelle is the capital a system in crisis after five years of financial and economic chaos multiple bailouts from wall street to cyprus the global capitalist system is on trial high unemployment and mountains of debt plague the western world all the while politicians go from one blunder to another so what has capitalism done pretty lately. to cross the.

where all things are considered i'm peter lavelle is the capital a system in crisis after five years of financial and economic chaos multiple bailouts from wall street to cyprus the global capitalist system is on trial high unemployment and mountains of debt plague the western world all the while politicians go from one blunder. to another so what has capitalism done prelate way . to cross something crisis of capitalism i'm joined by rachel martin in paris she is the tribune company syndicated columnist and founder of rachel martin associates in new york we have george said newly he is a fellow of the global policy institute of london metropolitan university and in washington we crossed to fred smith he is founder and chairman of competitive enterprise institute in effect that means you can jump in anytime you want george says capitalism state today well i think capitalism is indeed in crisis it's been five years since the crash of two thousand and eight and the multiple bailouts and the unemployment remains high and there's no real prospect of recovery and what is really becoming clear is that we're now having to live with a situation of very high

to argue with president obama's value in terms of wall street and bringing the economy back from the brink. >> the numbers speak for themselves, peterrect, it is now equal because in poor areas and in areas in african-american, latino, we are still disproportionate. if we cannot continue where we are going, those areas will not get relief and the president is focused on what he's doing. listen to this. >> my job as president is to advocate for policies that generate more opportunity for everybody, policies that strengthen the middle class and give more people to climb their way in to the middle class. policies that create more good jobs and reduce poverty and educate more children and give more families the security of health care and protect more of our children from the horrors of gun violence. that's my job. those are matters of public policy and it is important for all of us, black, white, and brown to advocate for america where everybody's got a fair shot in life, not just some, not just a few. >> now that's the president at morehouse college last sunday in the middle of all of these scandals, talking about the policies, talkin

peter welsh, thank you, congressman jim jordan. we appreciate it very much. the other big story, a wild swing on wall street. ben bernanke sounded dovish and said the opposite later in the same hearing. then the fed minutes came out and sent stock investors rushing for the exits. we'll try to get to the bottom of all that whipsaw action in the market. don't forget, free market capitalism is the beth path to prosperity. i think austan coolsby is right. we need pro tax reform in the u.s., i'm kudlow, we'll be right back. . we still need growth. let me go to my friend mark olsen. i heard a different bernanke hasn't the market. >> i agree with you. i don't know if it's a mixed message as you described it. i think it was two messages. i think that's the key. we have the testimony in the morning. the testimony was in response to questions. the question was very direct, how do you unwind? and so he was answering the question, how do you unwind? the minutes came out in the afternoon. the minutes essentially repeat what happened the previous meetings had been. so that was the confusion. >> i liked what he said, had h

wall street clues into every word, so has our own peter barnes as well? what have you been up to most? >> reporter: well, it was a little bit of a roller-coaster ride there for investors, melissa, because the members of the joint economic committee were trying to drill down on when the fed chairman thinks it will be inappropriate time to start to tighten monetary policy , cutting back on all that quantitative easing in the $85 billion a month. bond purchases that are designe to keep interest rates low, put them low, and keep them off. as the markets went up with comments like this one. >> it could leave interest rate rising temporarily and carry a substantial risk of slowing or ending the economic recovery an causing inflation to fall further. >> reporter: some members weee concerned that keeping all of this easy money in place would be harmful for the economy in the long run, so the markets were listening when he -- and they heard this kind of comment. >> if we see continued improvement in have confidence that that is going to be sustained, then we c

peter chernin who used to run 20th century fox here at the news corporation. but at moment, directv, according to "dow jones newswires" and "the wall street journal" we're lookingt a bit here, dow jones is directv considering acquisition of online video site hulu. this would be a fascinating move. directv is on a roll. they have done extraordinarily well. they have done a big share buyback. they're also interested in spinning off any kind of their business. they're strong in latin america and strong in the u.s. but stronger in latin. directv, if they go with hulu they're able to control some type of content at moment. we'll watch this very closely. >>> analysts on wall street believe jpmorgan shareholders will vote to keep jamie dimon as both the chairman and ceo next week. the big question is, should he be stripped of the chairmanship role? that doesn't mean the roles won't be split eventually and does this mean the stock is a buying opportunity if he loses that role? >> interesting questions. what a lot of people are talking about right now on wall street, we should point out a couple things here. sources inside jpmorgan tell me that there is at least talk ab

peter. thank you. >>> americans cut back on spending in april, a sign economic growth may be slowing. the .2 of a percentage point drop was the most since last may. that did not play well on wall streetay. the dow lost a whopping 209 points in its worst day since mid april. the s&p 500 dro dropped 24. the nasdaq fell 35. for the week, the dow was off about one and a quarter percentage points. the s&p lost .14. the nasdaq fell .09 of a point for the week. >>> still ahead, the runner of mitt romney. first, genocide against minorities. some groups are now charging the philadelphia abortion doctor was only the beginning. [ male announcer ] running out of steam? ♪ now you can give yourself a kick in the rear! v8 v-fusion plus energy. natural energy from green tea plus fruits and veggies. need a little kick? ooh! could've had a v8. in the juice aisle. need a little kick? (girl) w(guy) dive shop.y? (girl) diving lessons. (guy) we should totally do that. (girl ) yeah, right. (guy) i wannna catch a falcon! (girl) we should do that. (guy) i caught a falcon. (guy) you could eat a bug. let's do that. (guy) you know you're eating a bug. (girl) because of the legs. (guy vo) we got a subaru to take

"the wall street journal" saying that the president will nominate him to take over for alan krueger. back to you. lori: latest personnel shake-up. thank you, peter. melisssa: fuhrman, rubenite, bob ruben school of economics. won't be much of a change there. >>> senator john mccain slipping into sir -- syria for a meeting with as saut rebels. he is the high raestest ranking official to visit the country since civil war broke out a few years ago. now we're learning the white house had a head's up on all this. what is the endgame? time for lou dobbs. >> wouldn't it be stunning if they had not known that senator mccain would meet with the head of the free syrian army, the rebels but knowing what they do and did, what is the difference? here is a meeting that takes place over the course of several hours in syria, i.e., may be about a bit of a boost for the syrian factions fighting against assad. surely this not, as this administration is fond of saying, a game-changer. in fact it raises the question, why is senator john mccain and senator lindsey graham, why have they become the voices of the republican party on a host of issues about which their exp

peter barnes in d.c.. connell: he is not prepared as if it is an out of the blue question. let's go to nicole petallides on the floor of the stock exchange, the rally pretty good on wall streetously if the fed is a key proponent to this market moving to new highs and googe 15,000 and today dow 15,508 and at one point at 1 42. you are seeing significant gains that comes from a loose monetary policy we have seen from the fed, money printing and money printing whether it goes for the third term we will see but you see we moved to record highs and many names on the dow jones highs some of which are all time highs like home depot and other names we follow like jpmorgan and united technologies but this is the environment we are in and we are seeing a strong dollar reacting so we're hearing from the fed and what we are watching as well oil and gold pulling back and the majority of dow components have up arrows, 28 of 30 names are higher with the exception of microsoft and cisco systemm. the editing was existing home sales and we saw that moving to the highest level in a few years so with that we have seen names like told reuters hitting annual new highs and other names in the group