kaminski: cryptosporidium was a wake-up call. it was a wake-up call for us. it's a wake-up call for the nation. take care of your infrastructure before you have the kind of problem we had. biedrzycki: by no stretch of the imagination do i think we're out of the woods. recent cdc statistics indicate that up to 32 million cases of waterborne disease occur each year in this country. roy: but the vast majority of waterborne outbreaks go undetected. when people first get ill, they think, "oh, it's something i ate last night." they don't think, "oh, it's something i drank last night." narrator: the milwaukee incident pointed out the potential vulnerability of our drinking water infrastructure in controlling the spread of illness. biedrzycki: it's incumbent upon us to try to stay ahead of the curve, but it's very, very difficult. there's always another bug on the horizon. narrator: in 2008, the associated press reported that water quality testing across the nation uncovered trace amounts of pharmaceutical compounds in the drinking water supplies of millions of ameri

one of our friends gary kaminsky says there's so much excess cash among u.s. corporations, going to go into the ten-year yields potentially below 1% sometime in 2012. where do you see it headed. >> the u.s. is not in great financial shape, great fiscal shape. cyclically the fiscal cliff will cause a charlotte slowdown in the u.s. making debt metrics worse. at the end of the day, u.s. dollar and u.s. ten-year, so to speak, is the fight to quality assets. very likely, i would think 135, 10 or 20 daze points lower than previous lows in the cards. >> interesting. the targets keep getting lower and lower. i remember when the discussion was about 18, look where we are now. >> want to send it back to hq, get another market flash from brian sullivan. >> quick bioflash. moment, a and teva in different directions. here is why. a drug, saying pharmaceutical patents may infringed on teva's. do down. >> straight ahead, the market selloff. dow has not budged as down 165. we'll talk to art cashin how we might be positioning our portfolios after a short break. ok! who gets oc

our gary kaminsky with insight into why. >> hi, maria, hi, bill. there has been buzz since thursday with the increase in volume and obviously the subsequent move with the high before the close. earlier today ways able to present data put together by a gentlemen who joined us right after that interview, maria, on the "closing bell," elliott from hightower. and there was a very significant move higher into the last two market of trading. to put that in some sort of perspective, the day of the ipo traded 573 million shares. then a hundred million as the bar chart shows, significant jump off may 31st, the day we are discussing, until 111 million shares. >> what did the company say about this, gary? >> morgan stanley has given me a response, bill. i did say to them today, that if they don't believe there was any marking up going on, let me know. and here is their response. morgan stanley denies taking any action that pumped up the price of the stock. morgan stanley equity traders attribute the move in facebook shares during james gorman's interview on c

but capital markets editor gary kaminsky gave us three reasons, number one, no major bad news from europe. number two, the vote in wisconsin. traders believe the november election will be about budget cuts after governor scott walker survives the recall. and also liked president clinton saying a deal on the bush tax cuts was possible. number three, poll shows conservatives in greece may be making a come back. put it together, we have a triple digit rally. let's open to our reporters at the nasdaq, nymex, chicago merck and nyse. kayla tausche starts us with breaking news. kayla. >> sue, we've been expecting a memo from nasdaq about its accommodation program for losses of brokerages over those botched facebook trades. we're getting news right now crossing that nasdaq will set aside a $40 million fund for accommodations for those brokerages. that's $13.7 million in cash. the remainder of that will be discounts in trading that will be applied to these member firms. now, these accommodations apply to sales priced at $42 or less that did not execute. sales priced at $42 or less that were execut

gary kaminsky on our special last night, maria hosted a special. you might have been watching the conclusion of "the killing" or "game of thrones." maybe it was the celtics game. the thing that really did matter to me was that kaminsky said remember what happened last august when we broke out the -- when we took out the 200 day. 11% decline on no new news. unless ben bernanke on thursday says i don't like the charts and i'm going to take it back over the 200 day moving average, i don't know whether you can do anything. that, too, is not going to happen. >> in terms of the stock market what does this mean for the investor out there if one is to believe that fed -- some sort of stimulus is in the books, is going to happen? congress is not going to come to the rescue. that's a common belief. the elections are looming. the fiscal cliff is looming. what does this all mean for the investor at this point? >> gld up 5% year over year. i think gold is going to be back in vogue. >> finally a safe haven once again. once again. >> yes. i think that's right. >>

guest: another is dan kaminsky. the fifth issue that runs through all of this is the basis without which none of the others can be discussed is reliability. only thing everybody agrees on, he said to me, is that the internet is now making a lot of money and it has to work. he is one of the top experts on the domain name system, the dns. it is the web's one central feature. a lot of people described as the address book, the corner post office -- described it as the address book, the corner post office. when the type -- you type "google.com," the dns server begins the process that takes you to google. dan has given a lot of his time over the last few years to folks in washington. he is the one who says, i am from the internet, i am here to help. one of his main goals is to try to come up with new ways of of an evocation -- of authentication, new ways that we can prove we are who we said we are when we are on the net that are more robust than passwords. trouble with passwords, as we all know, it is that they are diffic