i'm scott wapner.he worst kept secret has come to fruition in the building behind me. itunes radio is what apple is calling it. it will be built into the music app of itunes. it is the streaming service that was so speculated upon after apple had, you know, signed a number of deals with record labels over the past several weeks. so now, in fact, they are rolling it out. don't know if this is their one more thing or their last thing before they leave the stage. this has gone on for now a couple of hours. there'll be no subscription, i'm being told, in my ear right now by our producers back at our headquarters. you can see sort of the demo that apple executives are now running through to, you know, a good amount of applause at the worldwide developers conference. so itunes radio is what the official name is going to be. and, guys, i'll send it back to you. if we learn any more details, i'm sure we'll bring it. you know, it's an interesting look at that stock, isn't it? this was widely expected by a numbe

sue is down at the new york stock exchange, but we start in san francisco with scott wapner as we wait for that big event to start. scott? >> reporter: absolutely, tyler. thanks so much. tim cook is expected to take the stage in the building behind me any moment now. he'll eventually be joined by other apple executives in a presentation that is expected to go about two hours. anticipation, of course, was high. tickets for this event sold out in just two minutes for the 5,000 developers who wanted to be a part of this, and it really comes at a bit of a strange time for apple given the fact that the stock has come all the way down. it's performed a little bit better lately, but certainly nowhere to the expectations of what apple traders and investors would certainly like. you have the news flow going against apple these days as well with the sam sung patent verdict over the last week or so, so anticipation is incredibly high. so what's really likely to happen here. most expectations say you'll get some sort of an update to the ios operating system and os operating system as well. maybe a

scott wapner at headquarters. >> i'm scott wapner at cnbc global headquarters.sely on today's show as we always do. stocks fairing remarkably well considering the carnage in japan overnight. that market officially if bear territory. the next domino to

scott wapner at headquarters. >> i'm scott wapner at cnbc global headquarters. we are watching this market closely on today's show as we always do. stocks fairing remarkably well considering the carnage in japan overnight. that market officially if bear territory. the next domino to fall will be the u.s. stock market. they will tell us why he says that, maria. >> very much a focus on wall street. we have reaction to the story reported on cnbc that some elite traders pay to get a lock at data. many asking why this is illegal. we will explore who will be looking into that and close that hole in the law. >> would you pay $25 for a ticket to see iron man? that is exactly where the movie business is heading. lucas sharing a stage with julia. stay tuned for that shocker. 25 bucks, maria? >> would you pay that, scott? it is get morgue expensive. >> no. >> in the market, this final hour of trading, a rally under here. and with the highs of the afternoon heading into this final stretch. dow jones up 135 points. last trade there. first rally of the week for this market. u

i'm scott wapner. our traders tonight, steve gra sow, dan nathan anthony scaramucci and guy adami. we get straight to the big story. rally mode. the dow and the s&p posting their biggest three-day gains since the beginning of the year. in fact, the dow is back above 15,000. there's only one trading day left in the quarter so it's certainly going to be interesting. want to know what you guys are doing as you watch this rally, maybe it's caught some people by surprise. guy? >> it shouldn't. judge, we talked about this on monday. we said the s&p traded down to past resistance. past resistance becomes support. we talked about it trading back to 1620 by week's end. here we are now. i still think last week's outside week technically was very destructive this terms of how the market sets up. i think we'll make a push maybe towards 1625 tomorrow. i think you can trade from the short side against that judge. >> anthony, you have been skeptical that the market could rise without the liquidity driven fed behind it. seems like the market may have overreacted to the fed speak of last week. >> y

i'm scott wapner in for melissa lee. joined by the traders as always.t's the one thing on the mind of every investor, rising rates, the fall-out for stocks. the yield on the yen touching its highest level. so will the jump bring a halt to the trade that sent money pouring in to the big dividend payers? let's get in the money and find out. investigator investors on the hunt have flocked to telecom, utilities. are we about to see a sea change if rates continue to go up? >> i think some of the sea change we've already seen. we saw u tilts get hammered. -- >> and defensives end up good this week. >> just when you think -- >> i don't think -- one thing i don't think going to come out, we're going to taper and shut off the spigot. there are plenty of reasons for them not to. the market will anticipate it. rates will dlim a little bit higher because they'll expect rates to go a little bit higher. so there are some issues. the thing you need to pay attention to is whether or not the fundamental businesses are good. are they actually growing? in many cases they'

i'm carl quintanilla, and here with jim cramer and scott wapner.oses higher today, it is the third win streak since april. the 10-year is back to 2.5, and the gold has recovered from a touch of the bruising losses and key fed speakers taking the mike in a few moments and europe in the green as well as we sit two days now from the end of the quart quarter. our road map begins with the markets and good economic news on the personal income, and economic benefits and may give the bulls more room to run, but could the fed speak today put a wren inch the rally? >> well, the clear wire rally is over. and now what is dish and charlie ergen going to do having dropped out? >>> food and shelter and two earnings coming out, conagra and k.d. home. >> and boeing ceo opens up to jim cramer about the dreamliner battery debacle, and here what he has to say. that we will have coming up. >> what a show on "mad." we can't wait to talk about that. >>> but first, the dow is poised to open after the triple-digit rally yesterday. and we have had the most trading in a mont

. >> i am scott wapner. mad money starts now. >> my mission is simple. to make you money. i'm here to level the playing field for all investors, but there's always a work somewhere and i promise to help you find it. mad money starts now. >>> hey, i'm cramer. welcome to "mad money." other people want to make friend, i'm just trying to make money. call me -- one week ago, i adopted a radical position. froms i went on this show as well as the "today" show and said into the teeth of selling, it's worse to stay in the selling. >> thursday's losses wiped out all the gains from may and june. >> interest rates are going up. it is nothing worth panicking over. >> those -- >> 500 positive points in the dow. looks like a no brainer. when you look at the tape today especially after the last couple of sessions. 2% and nasdaq, but it sure wasn't easy to do. so smart. what could have been by proprietary insight? i didn't have it. all i had was discipline. sent yields on a journey to 3%. almost where they were earlier. i, too, was fearful. they got the data wrong. i fretted about the coll

i'm scott wapner. our traders tonight, steve gra sow, dan nathan, anthony scaramucci and guy adami.ly mode. the dow and the s&p posting their biggest three-day gains since the beginning of the year. in fact, the dow is back above 15,000. there's only one trading day left in the quarter so it's certainly going to be interesting. want to know what you guys are doing as you wathi

let's hand it over to "the halftime report" and scott wapner. >>> thanks so much. it is noon in the east. welcome to "the halftime show." four hours to go until the close. let's look at where we stand on this busy and big day on the street today. triple digit gain as the fed sits down for its meeting. the dow is up nearly 108 points. the s&p 500 good for two-thirds of 1%. technology having another strong day as the nasdaq is good for three-quarters of 1%. here is what we're following. >>> colonies capitalist. tom is the here with the best ways to make money in housing right now. "x" marks the spot. u.s. steel is the fourth worst performer in the s&p 500 year-to-date. can the shares finally show some mett mettle? >>> the fed and your money. the most important week of the year showing another day of gains ahead of bernanke's big decision and statement tomorrow. this is traders and investors debate whether this rally will continue or run out of steam. we're following it all with joe terranova, stephen weiss, simon baker. a little later we will be joined live by tom ba

let's get over to headquarters and scott wapner and "the halftime." >> thanks so much. welcome to "the halftime show." hourtion to four hours to go until the close. here is what we're following. let's get cyclical. for get dividend plays. one of our guests says it's time to look elsewhere. still got game? it's been a great year for shares of game stop but what's the play with the big e3 event. our top story, playing the volatility. stocks up, stocks down, stocks all around today. another volatile session. the dow has had triple digit moves in 7 of the past 11 trading days and judging by today's action, there looks to be no end in sight. the vix is also making big moves. we're trading it all. stephen weiss how do you play this volatility? >> this volatility is scary. it seems to me just from my experience, and i'm going to do this from my normal state which is without any statistical backup. it seems to me that when you have this many triple digit moves, this much volatility in the markets, that it never ends well. so intermediate term, longer term, still bullish but we'

. >>> new york city's time square, scott wapner, melissa's off tonight.aight to the top story. gaming the market, the bulls are gaining some momentum as the s&p rallies for a third day. and all these worries about the tape are killing the rally. feels like a distant memory. is now the time to play offense or stick with defense with your portfolio? let's take it right to the

carl icahn and dan loeb, our scott wapner breaking both stories.e us on icahn and dell. >> if i can get off the phone. >> you ready to break something else? >> maybe. >> okay. >> let's start with this. carl icahn is stepping up his efforts in his bid for dell. he sent a letter directly to dell shareholders proposing a 1.1 bhl shares at $14 a share. one of the key parts answered a question about the financing with mr. icahn saying he had obtained a commitment for $1.6 billion from a major bank. i can report according to a source that bank is jeffries. i did speak with him this afternoon and he told me the following. despite dell's own dire projections, the company's own consultant, bcg, which they neglected to mention in their last report, stated that in the most conservative case that dell would make operating income of $3.38 billion in calendar year 2014. icahn went on to say, after the tender offer, if everybody tenders, there will be 670 million shares left, which will earn pretax $3.72 a share. don't you think that stock will be worth more than

scott wapner is here for bill griffith. the dow jones industrial average adding about 136 points, almost 1%. the nasdaq which was negative for most of the trading session turned positive in the end there adding almost ten points. same goes for the s&p 500 adding about .6 of 1%. we've certainly seen that one, scott, whipping around all day. >> heck of a late day gain. nice rally for the dow. s&p 500 finishing strong. the nasdaq after trading lower all day eking out a gain. bob pisani, what's going on other than we're getting set up for another tuesday. >> 21 days, 21 tuesdays in a row. that's potentially what could happen tomorrow. that's already acquired legendary status. what we had today, poor economic data in the early a.m. period. ism was poor. of course, construction spending also below expectations. then we had some comments from dennis lockhart of the federal reserve saying the bond purchases may, may start tapering after june. that hit the tape in the middle of the day. let's look at the dow jones industrial average

scott wapner back at headquarters, sam stovall is with us at the big board. neil hennessey from hen funds is with us, chris gerch. our own rick santelli is there too. chris, tell us about this trade. a dramatic reversal of that long dollar/short yen move. it reversed itself big, but now we've come back again. what's going on? >> bill, what happened, it was pretty easy. we've been trending on that 50-day moving average with the yen for the last, almost eight months. we dipped below that, and there was no technical support all the way down to 9470, really, and what happened is, we just had a mad rush, and what happens is, when people dump into the yen like that, that's risk off. then, all of a sudden, you see stocks pull back, and we had a double bottom there. we had some buyers come into the yen, and that led the s&p higher, making a series of higher lows throughout the year. but right now, no one knows what's going on with the yen. there's no set floor. so really look to safety in gold right now. i think that's the play. >> have you ever seen a day like this

let's get to headquarters, scott wapner and "the halftime." >>> thanks. welcome. four hours to go to the close. let's go to the wall and see where we stand on this friday on the street. right now the last day of the quarter is a fight for 15,000 on the dow. we are currently above it but we're down 18 points. s&p and nasdaq are positive. here is what we're following on "the half." black and blueberry. after earnings stunned the street, where does the company, the stock, and steve weiss go from here. >>> can one of this year's worst performing sectors get its mojo back? >>> second half setup. after a solid run for stocks so far this year in a flood of volatility lately, where is the best place to be for the next six months? can the best performing sector, health care, continue its gains? will a comeback materialize for the materials? and what about technology? we're trading the action today with stephen weiss, pete and jon najarian and mike santoli. mike, what do you make of where we are and where do you think we're going to go and where do you think we should be? >

. >>> new york city's time square scott wapner, melissa's off tonight. josh brown and mike khou, let's get straight to the top story. gaming the market the bulls are gaining some momentum as the s&p rallies for a third day. and all these worries about the tape are killing the rally. feels like a distant memory. is now the time to play offense or stick with defense with your portfolio? let's take it right to the traders. josh brown what do you do here? >> the best thing you can say for the bulls is we reclaim 1,600. we retraced half of last thursday's axe murdering in the dow. we got turned away at a short-term moving average. the 20-day is now downward sloping. that's what the short-term momentum guys are looking at. we didn't get above. what i would tell you is until we get two weeks consecutive closes above 1,600 on healthy advance decline, we have to assume we're in the midst of this corrective action. i know it's counterintuitive to look at the dow up 170 points and see what do you mean correction, that's what you see. you see down down down one big

scott wapner is here for bill griffith. adding about 136 points, almost 1%. the nasdaq which was negative for most of the trading session turned positive in the end there adding almost ten points. same goes for the s&p 500 adding about .6 of 1%. we've certainly seen that one, scott, whipping around all day. >> heck of a late day gain. nice rally for the

. >> loose change scott wapner. it's the retail version out of the movie inception.p-ups. could best buy succeed where jcpenney did not? brian nagel is an analyst with oppenheimer and peter keith an analyst with piper jaffray. good morning, gentlemen. >> good morning. >> brian, first to you, can best buy make this strategy work here? >> i think so. and i think the basis of this for best buy is that it shows that this company is getting much closer with its key vendors. with samsung and now microsoft. so i very much think that best buy is on the right track. >> i can understand from a vendor point of view if i'm samsung or microsoft, i'd love a little store that short of shouts yeah me, but why if this didn't work for jcpenney will it work for best buy? isn't the point not the little unit but the bigger box it's inside of? >> if there's a one word answer to that question i think it would be execution. i think part -- probably the g biggest mistake jcpenney did was they tried to do too much at once. they were aggressively remodeling their stores, not doing much in the

they're enjoying some time away, so i am joined by kayla tausche and scott wapner at the table and we'llbank official saying the pboc will be guiding interest rates to a "reasonable range," suggesting a potential end to the country's cash crunch. at a news briefing after the markets in china closed today, the official also argued that recent interest rate volatility in the nation's money market there temporary. that's what they're saying. stocks in china as a result of some of those comments pairing their losses into the end of that session, actually, rather on rumors of that expected news conference, and the shanghai composite closed down 0.2% after plunging as much as 5% earlier in the session. the index still, though, of course, in bear market territory. >>> back here in the u.s., prepare for a packed economic agenda today. at 8:30 eastern, we'll bring you may durable goods. then we have the s&p case-shiller index, the fhfa house pricing index. may new home sales, june consumer confidence and the richmond f

i'm becky quick along with joe kernen and scott wapner. andrew ross sorkin is off today.ctive session in japan overnight. the nikkei actually down by 3.8%. the volatility has been off the charts. this drop today came after a speech from prime minister shinzo abe. he pledged to boost incomes by 3% annually and to set up special economic zones for trying to attract foreign businesses. today's strategy announcement was his third measure aimed at boosting growth in the world's third biggest economy. the first two arrows, as abe calls them, first up was loosening monetary policy and then boosting public spending. investors seemed to be less than impressed by today's announcement, which was expected, but they were looking for some of the details there, and that seemed to be what was the disappointment. we'll have more from kaori enjoji in a few minutes, standing by in tokyo. meantime, if you look at the trading in europe this morning, there are red arrows across the board. weakest numbers coming in london with the ftse 100 down close to 0.9%. we will also check in with ross wes

scott wapner's back at headquarters with a breakdown of that. >> thanks so much.g, financials, transports and dividend payers like utilities. they are the sectors have that helped push stocks to record highs. now the key areas of the equity market look to be breaking down. i-shares home construction etf which holds all of the major builders soars more than 19% from january 1st to may 22nd when the s&p 500 reached its all-time high. since then it is down more than 9%. how about the financials etf? the xlf? had a similar increase of almost 21%, but it is now down 3% over the same period. the select dividend etf, the dvy, also up duth digiouble dig since fallen almost 5% as yield plays have fallen out of favor as interest rates have risen. perhaps most troubling to chartists, the transports which rose 21% are now down more than 5%. add it all up, to some it means the rally is showing some serious cracks especially in the pillars that have supported one of the strongest bull markets in recent memory. it is just not a pretty picture. those words from jim cramer this mo

joined today by kayla tausche and scott wapner in their places.ur gavel yet, but we've got to get you that before the day's out. >> next commercial break i'll run over and get it, all right? make you happy. >> let's take a quick look at futures this morning. i like gavel. it's just more fun. dow looks to open 82, 83 points higher, nasdaq up 18 points and the s&p up 9 points. >>> the founder of men's wearhouse reportedly considering a comeback. reuters say george zimmer is thinking about options and talking to investors. that could include teaming up with equity firms for a buyout bid. zimmer abruptly left the company last week, said to have clashed with his hand-picked ceo over the clothing retailer's strategy. you'll like the way you look. he guarantees it. he'll be back? >> or does he no longer guarantee it? >> that's a tough one, when the ceo is the lead guy on the commercials, it's tough. >> martha stewart of men's clothing, like the founder? >> but nobody knew his name. >> come on. >> did you know his name? >> yeah. >> i knew what he looked l

good friday morning and welcome to "squawk on the street," i'm david faber with jim cramer and scott wapnermarkets are trying to recover from a rough two-day stretch. we have seen the dow fall more than 250 points. l let's look at how we are going to open the day. the futures point to a higher open, and we see it there, but we shall see, because the selling went on as the day went on. and let's look at the

. >> thanks very much, scott wapner coming up in about ten minutes.rom the fed decision. ubs director of floor operations artcashen joins us at post 9. we just had an extended debate talking about whether the fed is being prudent. what's your view? >> well, i agree, as i usually agree with many things rick said, but the key thing is the press conference can be very important. this would be a great time to elicit some really interesting information from the chairman. a couple things going on. when the president was interviewed earlier in the week and indicated that bernanke had not asked for nor was it likely that he would get an extension, that made this a little bit about legacy. so he's going to talk to us, and i think he's going to wind up putting a little bit of legacy spin on it. how bad things were, the improvements that have come along, and where we want to go, and i thought that that also gave him some latitude to talk about tapering. i want some of it on my watch so that it's not with the next person. my friend barry habib put out an interest

i'm david faber with jim cramer and scott wapner.k, and the act this morning indicates investors hope the central bank wasn't pare back on stimulus in the near term. how we'll star the day or a sense how it's going to hope for us. green across the board and a significant rally, at least, at the open, at least indicated thus far by those futures. how did europe do? that would be important. a lot of green on

i'm david faber with jim cramer and scott wapner. the fed is taking center stage this week, and the act this morning indicates investors hope the central bank wasn't pare back on stimulus in the near term. how we'll star the day or a sense how it's going to hope for us. green across the board and a significant rally, at least, at the open, at least indicated thus far by those futures. how did europe do? that would be important. a lot of green on the map. yeah. a lot of green on the map. let's go overnight in asia. nikkei rose for a second consecutive session. as it likes to do percentage gain has to be 2% 3% one way or the other. >> a buy order there. wouldn't it gets up 1.75, the government comes in, they like to buy high. >> momentum investor. >> exactly right. aggressive growth fund. >> our road map for the morning. of course, it will start with markets. could be a big day for the bulls, as you saw. oils hitting nine-meonth high. what to watch. >> hold the pork. one of smithfield food's largest shareholders asking the pork produce

let's get back to headquarters, scott wapner and "the halftime." >>> thanks very much.til the close. let's take you to the wall and show you where we stand on this day on the street. we're up 75 on the dow. s&p and nasdaq nicely positive as well. here is what we're following on "half." >>> value plays. the dean of valuation on which parts of the market look too good to pass up. and where apple shares go. >>> where is the love? southwest airlines shares up 30% this year but just got grounded by morgan stanley. our traders debate that call and the stock's next move. >>> our top story, buy or beware? stocks are up once again following the

let's get to headquarters, scott wapner and "the halftime." >>> thanks. welcome. we stand on this friday on the street. right now the last day of the quarter is a fight for 15,000 on the dow. we are currently above it but we're down 18 points. s&p and nasdaq are positive. here is what we're following on "the half." black and blueberry. after earnings stunned the street, where does the company, the stock, and steve weiss go from here. >>> can one

let's get over to headquarters and scott wapner and "the halftime." >> thanks so much.e close. here is what we're following. let's get cyclical. for get dividend plays. one of our guests says it's time to look elsewhere. still got game? it's been a great year for shares of game stop but what's the play with the big e3 event. our top story, playing the volatility. stocks up, stocks down, sto

i'm carl quintanilla, and here with jim cramer and scott wapner.5, and the gold has recovered from a touch of the bruising losses and key fed speakers taking the mike

let's hand it over to "the halftime report" and scott wapner. >>> thanks so much.he halftime show." four hours to go until the close. let's look at where we stand on this busy and big day on the street today. triple digit gain as the fed sits down for its meeting. the dow is up nearly 108 points. the s&p 500 good for two-thirds of 1%. technology having another strong day as the nasdaq is good for three-quarters of 1%. here is what we're following. >>> colonies capitalist. tom is the here with the best ways to make money in hou

welcome to "squawk box" on cnbc, i'm becky quick along with joe kernan and scott wapner, andrew is out yesterday's losses, you'll see om red arrows this morning. the dow futures down by 40% below value. >>> in our headlines this morning, japanese prime minister abe has fired the so-called third arrow of his economic plan. include special zones to attract overseas business. that third step follows the loosening of japan's monetary policy and boosting public spending. this latest arrow fell a little bit short of the target at least in an investors' minds. japan's nikkei average fell nearly 4% after abe's speech closing at a two-month low and it's gotten even worse in the post market activity. they were down by about another 500 points in some of the trading there. by the way, we are a little over an hour away from adp's latest reading on private sector employment. economists are looking for 170,000 new private sector jobs in may on top of the 119,000 added back in april. >>> and toyota is recalling about 242,000 prius and lexus hybrid models. talking about a potential braking system prob

good friday morning and welcome to "squawk on the street," i'm david faber with jim cramer and scott wapner live from the new york stock exchange. and the markets are trying to recover from a rough two-day stretch. we have seen the dow fall more than 250 points. l let's look at how we are going to open the day. the futures point to a higher open, and we see it there, but we shall see, because the selling went on as the day went on. and let's look at the important 10-year yield. we are around 2.41 and we haven't seen those levels in some time, but we are keeping them there. and europe? how did we do over on the continent and elsewhere? a mixed picture there. spain was in the red it looks like, but other markets in the green. oh, yeah, looking at portugal, too. and as for asia, and japan's nikkei up over 1.6%, an shanghai down 1%, and you can see the hang seng as well. getting to the road map this morning looking at the markets. and looking at the day after a dramatic sell-off. david tepper telling cnbc saying that when the dust settles, the place to be is stocks. >> and free market trading a