i'm mary thompson. another day of losses, the longest losing streak in months. it has to do with the uncertainty about the fed and about a possible government shutdown. back to you. >> on the money, cnbc's own mary thompson. let's ask our traders how markets are going to react to a government shutdown. here is alan valdez and jeff tillberg founder of kkm financial. welcome back, my friends. >> hi, larry, how are you? >> i read your notes. you are going crazy, obsessing about this government shutdown, and you've got it in psychological terms. you've got it in fiscal terms. you've got it in economic terms. now, look, i loved reading your cards, but i've got to tell there you isn't going to be a shutdown. it's not going to happen. >> well, larry, that's exactly my point where i think the damage is being done already. there's been a survey that 47% of americans will pull back equity exposure in the event we do have a shutdown but this past weekend talking to my father, he's an electrician, having a bunch of

i'm mary thompson. federal prosecutors are asking steve cohen for as much as $2 billion to settle criminal insider tradings against his hedge fund s.a.c. capital, this according to dow jones. cohen wants the $660 million he already paid in a civil settlement to count towards the tote a. cohen's lawyers are working on a counteroffer, but it's expected that the feds will insist on an admission of guilt to be part of any settlement. larry, back to you. >> mary thompson, thank very much, the big deal today over at the u.n. is whether or not president obama will shake hands with the new president of iran. michelle caruso-cabrera joins us now. michelle, you were there. i'm reading headlines that the new president of iran snubbed president obama. is that true? >> the handshake did not happen larry, and the reason is according to our side of the story, the white house side of the story, it wasn't good enough for the iranians. they wanted a substantive meeting with president obama and the white house had made cl

many thanks to mary thompson. now, jamie dimon of jpmorgan goes to washington today for a face-to-face meeting with attorney general eric holder. kate kelly joins us now with the details. good evening, kate. >> reporter: good evening, larry. so jpmorgan ceo jamie dimon traveled to washington to sit down with attorney general eric holder in hopes of reaching a settlement over the bank's issuance of mortgage-backed securities that lost their value during the financial crisis, as we all well know. the meeting was set up at least a day ago, maybe even a bit more. nonetheless, prevented dimon from attending another conference scheduled in new york, prompting british prime minister tony blair who was there to joke about having to fill his shoes. jpmorgan and justice started out the week at total loggerheads over how to resolve a long-running mortgage securities probe that also involves the new york attorney general eric schneider man and the federal housing finance agency over products packaged and sold between about 20

we'll go to mary thompson now for the week that was.

mary thompson has been covering the event all day. tell us about it. >> it was a great day, maria. no firm lost more employees on 9/11 than cantor fitzgerald. as you mentioned, their charity day started as a way to raise money for victims' families. now it gives away money to over 100 charities. the firm gets some help generating commissions given away from a star-studded temporary workforce that today featured billy crystal. >> i'm on a hot streak. don't take so long to decide. just say yes. yes, we're good. boy, this is easy. >> also on hand actress bridgette moynahan. there were a number of olympians, brandi chastain, figure skater and mark spitz and bruce jenner were here not only to lend a hand but give investment advice. >> i was invested in facebook. i watch what they're doing. i find they're doing real well. >> i invest in my wife. >> that's expensive. >> need i say more. >> mr. jenner also moonlights on the reality show "keeping up with the kardashians." giving advice on giving back, noted sex therapist dr. ruth we westheimer. >> anybody who is charitable is also charitabl

mary thompson, first of all at the nyse and rick santelli in chicago. mary, it seems like there does seem to be some realignment of expectation on the back of the jobs reports. can you tell me why stocks have managed to pull higher. >> the jobs report was weaker than expected which has people thinking maybe the fed won't taper or end the easing policy as soon as expected on the bond buying program and all of that was erased by the putin comments. the dow is very close to the session highs right now. rate sensitive sectors leading the way. reits, utilities and consumer staples and home builders are stronger as well today. they, too, are contributing to the broader rally that we're seeing here on wall street. the last thing we wanted to mention, the dow has seen a bit of a pickup and johns johnson & johnson is starting the process of selling its digtics and expected to fetch $5 billion this that sale. >> thank you very much. looks like money is moving back into treasuries, pulled away from the 3% on the ten-year. do the bond market traders fear that the w

mary thompson, what are you watching at the start of this week? >> reporter: watching a lot of things, mostly syria, mandy. the positive data we received today on manufacturing on yields of good manufacturing data from overseas over the weekend, it's also overshadowing all those deals you'll be talking about. take a look at the ten-year note because earlier we saw it move above the 10.91 area. pulled back again. speaker boehner started talking about syria, investors in a bit of a flight to quality so the yield has been dropping since then. oil the same story, moving in the opposite director. comments that members of congress are increasing the support of the president's desire to take action against syria. oil prices moved higher today as well. what is moving? to the downside, interest rates and stocks. despite the fact that the ten-year yield has come off the higher levels on the day. telecom, of course, also being dragged lower by verizon and vodafone and utilities under pressure. telecons and verizon and vodafone not getting a lift on news that

more on the trading action with mary thompson, on the nyse floor today. >> hey, sue. those concerns about washington, offsetting decent news on personal income and spending today. the markets lower throughout the session. note they have come off the lows, though, in recent trading now the dow is off just about 60 points. we have seen a little strengthening in the drug sector and oil services looking healthier with the banks than they were earlier today. let's take a look at dow movers today to the downside. weakness in big tech names and telecom names. verizon, cisco, ibm. nike, the new dow component is the biggest winner among the 30 after reporting those strong results. microsoft, getting a bid from the news that alan mulally the ceo of ford is reportedly the frontrunner for the ceo job. couple of other stocks, the stock of the day is jc penney. keeping watch on that. the share offering one which will increase the number of shares outstanding by about 38% and dilute its earnings by roughly 28%. we're seeing weakness in gaming stocks. igt downgraded at deutsch from a

mary thompson at the big board, dominic is back at the headquarters. mary, kick us off. what are you seeing out there? >> reporter: maria, of course, today is flat, the session coming on the heels of a miserable august for the markets, as well. they've been trying to rally the dow above the flat line, not having much success. slightly -- or fractionally higher right now. here's the story. 11:30, you had headlines crossing that house speaker john boehner said that he did support the president -- or would support the president in the event he went ahead with military strikes against syria. that caused the dow to sell off. as a result, the marks gave up over 100 points. the dow remains under pressure again today. look at what happened with the 10-year yield. sas scott mentioned earlier, the yield climbed above the 2.91% area. it pulled back a little bit. nevertheless, the elevated rates are keeping pressure on interest rate-sensitive groups today. and they continue to be the leaders to the downside. they include telecom, utilities, as well as consumer staples. we do want to

thompson has more. >> reporter: on october 1st, over 280,000 businesses and homeowners will be affected. >> a lot of these are mom and pop businesses, as we are, and they are just -- there is just not that much profit in them, and they will not survive. >> reporter: this insurance agent is one of the policy-holders. flood insurance premiums on his office building in louisiana set to rise 25% a year for the next four. his payments going up to $13,000 by 2016 as he loses his grants provided in the flood zone, these changes are a part of the waters act, raising premiums to better reflect flood risk and get the program out of a $24 billion hole, homeowners like dan at the rockaaways in new york, hard hit by sandy, the maps re-drawn by fema put his home and tens of thousands of others across the country in high risk zones requiring far higher premiums. the premiums will become an unaffordable $20,000 a year. >> obviously, we live on the water. we know it is a risk. but the rates that we're hearing almost 10 times what i'm paying now, it is just impossible for us to afford that. number one. a

mary thompson has more. >>> it is lunch time at harry's cafe and steak in new york city's financial district, and business is brisk. >> i think the mood on wall street is good, still not where it was, i don't know if it ever will be. >> a lot on wall street changed since the financial crisis, including the spending habits of the general manager, who says about those that frequent the restaurant. >> they have one of the best wine collections in new york. so we would see bottles of wine at $5,000 or $8,000 for lunch. that was very common at the peak. today, it is rare. >> wall streeters relatively changes looking at the bubble. >> we don't have the huge bonus potential that was there, virtually unlimited in some respects. >> one consultant said that wall street remains well paid compared to main street, although there are weaker bank profits, and disclosure and reporting requirements are mandated by dodd frank. how much has the pay fallen? one consultant predicts it will be 39% below 2007's record levels. >> there is less tolerance for under-performance, businesses who don't perform just don't

let's get to mary thompson. other indices are higher. >> that's right. the markets are well off their best levels of the day after the comments made by house speaker john boehner that he would support the president with any military action against syria. the dow is off 16 points. it was a big deal day though. want to highlight a couple of stocks in the news. verizon and vodafone lower after verizon said it would be acquiring the 45% stake in the wireless unit it doesn't already own. jann arden is another company in the news buying yankee candles for 1.75 billion, and its stock is higher on the news. another, smithfield, might recall that this is a food company to be acquired by a chinese firm but now you have starboard value saying they have been soliciting other buyers and they have a buyer who is set to bid more than the $34 a share that was bid for smithfield, so its stock modestly higher on that news. again, the dow though lower, off 13. back to you, simon. >> thanks very much, mary. let's head to the nasdaq and seema mody for the action there. hi, s

back to you. >> jackie, thank you. >>> let's bring in mary thompson to look at this 118-point surge in the dow. >> 118 points. obviously the concerns about syria which undercut the markets yesterday have moved to the back burner today. that's why we're seeing a rally. take a look at some of the dow movers. today strength in intel. semiconductors in general higher. there was a fire in one plant in china but semi sales were up 5% in july. coca-cola rebounding from yesterday's decline after a downgrade and verizon, too, looking very strong. it was under pressure yesterday as investors reacted to the news and bought the rest of the stake in verizon wireless. microsoft remains under pressure after buying nokia's handset business. a couple of other stocks we're watching, jc penney, yet another hedge fund, glenview investing in this stock and dollar general coming out with stronger than expected results and also for the last quarter, helped by some sales of branded goods and cigarettes and h & r block. revenue is stronger than expected. however, the company's ross was wider in large part beca

we'll go to mary thompson now for the week that was. uh, we've got the market weaker. we were looking at a positive showing, but at the end of the day, things rolled over. there were rumors in the market about new developments out of syria. that seemed to unnerve investors at the end of the day. mentioned earlier, we had $500 million for sale. that certainly showed up at the end. mary thompson with the week that was. >> reporter: maria, as you mentioned, the market snapping a losing streak, the first gain for the dow in five weeks. for the week, that is. of course, ending the session on a down note. let's look at how the three major indices performed. modest gains. the nasdaq was the best performer. the dow up about .8%. now, rate-sensitive stocks were the winners in today's session. but for the week, they were actually the laggards. reits, utilities, telecom, the groups that lagged the broader markets, games to the plus side, though, we did see gains in -- i guess i should take that back. reits did perform better. to the upside, we saw strength in healthcare issues, i

thanks very much, mary thompson. rick, any reaction to the beige book there? >> very, very little, and as i talk you can see, looking at an intraday 5, hovering at 172. we're at 173 before the beige book and looking at a new high yield close going back to july. 10s, hovering at 2.89. that currently is their high yield close going back to july of 2011. two-year notes at 45 basis points, doesn't sound like a lot. those are going to be fresh multi-year highs as well. dollar index, hardly moved down about a fifth of a cent, a, beige book didn't make a difference and b, interest rates continue to be proactive with higher yield closes. >> rick santelli, thank you very much. >> all right. on deck, another blowout month for car sales. one dealer says it was the best month since the old cash for clunkers program. a closer look at how hot it really is. >> and if you're on facebook you have to pay attention. there's a new controversy brewing over how your profile could be used in all those sponsored ads that you see on your newsfeed. plus, how one very angry airline pass

mary thompson joins us with more on the finalings. so, mary, is it working? >> this is interesting. this was a survey done and it looked at performance-based grants made from 2008 to 2010 and found in 2/3 rrds of the grants, the ceo met or ex seeded expectations. however you don't have a bunch mark to compare it to and don't know how a company performed in paper forms in past years using other types of pay. >> and this is a good year to perform well. the economy was improving, stock market was booming, easy for ceos to meet targets. >> that was part of the issue with performance based pay because that was driven by the economy. you have to take it with a grain of salt when you see them meet of exceed these expectations, as so many did. >> is pay coming down? >> not really -- >> not -- >> pay is still pretty significant and that's -- you know, it's still a concern out there. >> so is this a case where the guys and women who do not exceed the goals make less but they are still making a lot? it's not like they are really -- >> they are really hurting. you know, there is a new term out

david, back to you. >> thank you, mary thompson. i want to get back to the deal, but not the particulars of the trangs transactions, but the particulars of the larger view of the largest corporate bond offering of all time in fact. a lot of the deal and the timing was a result of where the interest rates are and a belief that eventually the window, and the opportunity to borrow vast sums in the market for corporate bonds at incredibly low rates would close. that is not the reason for it, but you heard lowell mcadam talk about the financial considerations about it. it is one reason that if you were going to fry to do something, now is the time to sit down to negotiate it knowing that if you could not reach a deal, it might be many, many years before you come become to the table. they got it done. and now they are going to start to issue bonds, wow, are are we going to see a busy capital markets in the fall, and let's call it first quarter as well. the 45% stake is $130 billion and that is what they are going to be raising out there i

mary thompson is on the floor. >> he short lived gains on the markets today. we had the dow up almost 50 points. now down 15 as we've seen a turn around in bank and stocks, semiconductors as well as retailers. nasdaq just turning negative as well. off just about half a point right now. essentially the open we saw a positive response to what many consider to be a negative jobs report and in large part because some people felt it eased concerns about eminent tapering by the federal reserve. again, the dow has quickly turned lower. dow the declines accelerating off 21 points. of course, this could bring an toend what has been a three-day win streak for the dow industrials at the open. it looks like we may get four in a row. the sentiment is negative in early trade. ten-year note is something we've been watching throughout the week and the yield has come well off the overnight highs of 3% we saw in large part again because of the weak jobs report. that is expected to be a factor in today's trade. again, it was one of the reasons we saw the gains called in yesterda

thompson as stocks here try to hold their gains, mary. they have been back and forth all morning. >> it's really been kind of a quiet session. keep in mind a number of people are off because of rosh hashanah but also keeping a lid on the markets is the yield on the ten-year approaching that 3% level. that seems to be taken some of the wind out of the market's sails. investors are waiting on tomorrow's jobs data as well. take a look at the ten-year. it's approaching that 3% level. so those gains there keeping a lid on stocks. but interest rate sensitive stocks are benefiting. financials, which tend to benefit from the yield curve steepening are getting a bid. we're seeing strength in energy stocks. under pressure though are the telecom stocks as well as utilitie utilities, both rate sensitive areas. department stores coming on strong today. the same-store sales data overall was a little weaker than expected, but this group is getting some interest from investors today. the consumer appears to be fairly healthy, and so investors are buying

. >>> i am mary thompson with the cnbc market rack. the nasdaq managing a five point gain. jobless claims rose by 15,000 but they say the numbers are distorted due to continued reporting problems in two states. existing home sales increased to a new six year high and factory activity increased from september by the most in more than two years. that's it from cnbc, first in business worldwide. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ i get out a lot... except when it's too cold. like the last three weekends. asthma doesn't affect my job... you missed the meeting again last week! it doesn't affect my family. your coughing woke me up again. i wish you'd take me to the park. i don't use my rescue inhaler a lot... depends on what you mean by a lot. coping with asthma isn't controlling it. test your level of control at asthma

i'm going over to mary thompson in the nyc. forget stocks, right? i think they're talking about gold. >> it's been an interesting move in gold in the last few days. first of all, mandy, take a look at the chart. gold has a very strong move in the last two months, but it has been down in the last five out of six sessions, breaking through that critical $1400 level earlier. the reasons, of course, concerns, or it's giving up some of the gains it had with the run-up on concerns about a strike in syria. but wane on gold today in particular was the strength we have seen in the dollar. in fact, the corresponding gains in the dollar pretty much reflecting what's happening with gold in the last week. so, what's happening in the stock market, the miners are among the least performers. as you can see, they are lower on the board. >> it is a gorgeous day here in the new york area. it is the beginning of the jewish celebration, and it's my friday. all good reasons for a recap of some of the positive data we have had lately in case you're new to the product. hop

mary thompson looks at the man behind fairfax and this bid. >> fairfax financial is a canadian insurance firm built by prem watsa, who has waged legal battles with steve cohn and made billions from credit swaps from the likes of aig and mbia. a native of india, moved to canada at age 22. he got his money from a truck insurer he took over and renamed fairfax financial. it's a global property and casualty insurance and reinsurance firm. according to fairfax its stock is compounded at annual 19% rate since 1987, weathering public bets made against it by short sellers, steve cohn around 2006. hedge fund is losing the battle but fairfax continues to wage one fin court. watsa's prowess, being compared to buffett, including blackberry, owning 90% of blackberry shares. current worth, $425 million. consortium owned by fairfax wants to take them private at $9 a share. a deal watsa said will open a new and exciting chapter for fairfax. >> this is a first. private equity venture and hedge funds can solicit capital from accredited investor. has to deal with change in law. julia with the details. >> t

let's get to mary thompson for her interview with the firm's ceo james gorman. mary, over to you. >> thank you so much, mandy. as you mentioned we're speaking with morgan stanley ceo james gorman. thanks for joining us. as mandy was saying the stock at a two and a half year high, middle of the third quarter, a little weak on the trading side probably but you have been part and parcel or your firm of the verizon vodafone deal, did a deal? japan, is the quarter we see an investment out a breakout in investment breaking? >> i don't know about a breakout. thank you for commenting on the stock. great to have you here. listen, the tone, the sentiment is changing. when you see the verizon deal, you see the financing that's supporting that, you look at where rates are at the moment, it's not surprising. corporate ceos are getting ready for action. >> what are they telling you? >> i think those who have a strategic plan and have been waiting for enough uncertainty to leave the marketplace to act on that are getting ready to act. when you can finance to support that strat

let's get to mary thompson with more action today from wall street. over to you, mary. >> reporter: syria overshadowed data and deals today. look at the intraday of the dow jones industrials average, up 23 points, but well off the triple-digit gains earlier, taking a hit around 11:30 when key congressional leaders said they would support a military strike against syria. now, take a look at the 10-year bond. because it had climbed earlier in the morning after some positive news on manufacturing here in the u.s. but it came off those best levels as investors sought safehaven after the comments from the members of congress. nevertheless, rate-sensitive stocks were under pressure today. utilities under pressure, and telecom, too, of course, part of that to do with the weakness we saw in verizon today in the wake of it acquiring the 45% of verizon wireless, that it doesn't already own. dow leaders today include defense stocks and defensive stocks. united healthcare was among the winners along with united technologies and boeing. some of the winners there.

let's catch up with mary thompson and tell us about the tough week that's finally over. >> finally over with a broad based decline. the dow and s&p with low and nasdaq managing to post a slight gain for the week. let's take a look at components that contributed to the declines and gains. within the dow industrials goldman sachs was worst performer for the week. it's a new member of the dow but there was a downgrade by gugenheim and in general financials have been under pressure about concerns about a weak quarter this quarter for their fixed income areas. that put pressure on goldman as well as the rest of the large cap banks this week. jcpenney was the weakest performer in the s&p 500. coming out yesterday with another equity offering that will severely dilute outstanding shares. the stock down about 30% for the week. on the plus, nasdaq, industrial materials, that's good news. let's take a look at sectors that were weaker today in the otherwise down week. consumer staples, financials. >> we want to go back to the president's statement. he spoke about discussions with iran. >> i spoke

. >> aim mary thompson with your market wrap. stocks and a five-day losing streak and the dow gaining and the nasdaq adding 26 points. new jobless claims drop by 5,000 last week to the second lowest level in six years. and the economy grew by 2.5% in the second quarter, an improvement from the first three months of the year and pending home sales fell for the last three months dropping 1.6% in august. that's it from cnbc. first in business worldwide. ect. they flip the switch-- and the light comes on. it's our job to make sure that it does. using natural gas this power plant can produce enough energy for about 600,000 homes. generating electricity that's cleaner and reliable, with fewer emissions-- it matters. ♪ i can't believe your mom has a mom cave! today i have new campbell's chunky spicy chicken quesadilla soup. she gives me chunky before every game. i'm very souperstitious. haha, that's a good one! haha! [ male announcer ] campbell's chunky soup. it fills you up right. [ malmake my mark] ci wawith pride.ork.up. create mom

. >>> i'm mary thompson with your market wrap. the dow dropping 49 points, the s&p down 8 and the nasdaq fell 9 points. shares of blackberry up after the company announced it would be sold to fairfax financial. $4.7 billion. >>> and apple stocks spiked 5% over news it sold a record 9 million iphones. gas prices dropping 6 cents the last two weeks. that's it from cnbc, first in business worldwide. is different today. money has to last longer. i don't want to pour over pie charts all day. i want to travel, and i want the income to do it. ishares incomes etfs. low cost and diversified. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. she'and you love her for it.ide. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be r

mary thompson has been watching all the action. tough day. more sensitive to the downside than the upside at the moment. >> that's right. we're holding on to a 22-point gain which would be the dow's fourth gain in a row if it holds right here as you take a look at the markets. a wild day, the dow in a 200-point range dropping on comments by putin and recovering. here are some of the groups we're keeping a watch on today. because the yield on the ten-year has come off the 3% and it touched overnight and because, of course, that weak jobs report we're seeing strengths in the rate sensitive sectors, utilities are higher, reits and home builders and industrials getting a bid in the last hour. continue to see weakness in telecom which has a lot to do with weakness in verizon. the latest news coming out of that. shareholder is suing it because of its acquisition in verizon wireless. dupont and verizon wireless the leading losers in the dow. chemical companies under pressure because of what we've seen in crude oil today. >> mary, for the moment, tha

. >>> big movers approaching the close, mary thompson. what are you watching? >> reporter: maria, this could be the best close for the dow in about five weeks. up now about 109 points. the market is getting a boost from strong auto sales today, and again, as concerns about syria has moved to the back burner. the semiconductor stocks are strong throughout the day. good news on semisales for the month of july. intel a leader there, along with dupont. microsoft continues to be a drag on the dow, as it was yesterday, followed by ibm. sienna came out with strong third quarter results and raised its fourth quarter sales forecast. it's one of the better performers within the s&p 500 today, up over 25%. we want to end with jcpenney, because another day, another hedge fund taking a stake in the company. this time, it's glenn view, and its shares are responding to that news. again, the dow is up 106 points. >> mary, thank you so much. we have about 11 minutes to go, as mary said, the dow is up 107. and the s&p 500 is up about 14. and the nasdaq is having the best day of

mary thompson has been at that event all day and a special guest with her. >> cantor fitzgerald was the firm most impacted when the twin towers fell. they lost 654 employees. part of the legacy of the employees and this families is the charity day. last year they raised $12 million. they went to over 100 charities around the world. it's a star studded event, actors including jamie foxx and julianne moore here and also dr. ruth westhimer who had this valuable advice for those who are charitable. listen in. >> anybody who's charitable is also charitable in the bedroom. >> okay. . from dr. ruth to mayor rudy. america's mayor rudy giuliani thank you for joining us on this day. we appreciate it. >> it's always an honor to be here. >> you were mentioning off camera that this is always, of course, a very sad day for you because you meet with so many of the victims' families. but when you see something like this, continue for 12 years and you see people continue to be engaged and charitable, after 9/11, how does it make you feel? >> it's part of the complexity of today as it's always been. wors

mary thompson is there live with a special guest. mary? he looks familiar. >> hey there, scott. he does look familiar, doesn't he? a lot of our audience, of course, know him as the oscar award winning actor jamie foxx. >> how are you? >> thank you so much for joining us today. >> thank you. >> you are here to raise money for big brothers, big sisters. >> yes, i am. >> i just heard you on the phone making your trade. i think raising some money. you were imitating a couple of people, maybe to generate interest? >> well, my thing was, they said we're going to raise some money, i said, i'm going to be jamie foxx and raise money, and mike tyson, boxing champion, or bill cosby, i'm going to give jell-o pudding to everybody to raise money, or i'm going to be president of the united states -- if there's any indication, yes, we can raise money. or if i could be a voice from the past, ronald reagan, well, as a matter of fact, there you go again. so we're getting the money today. >> how much -- who raised the most? reagan, obama? tyson? >> i think tyson raises the most. i just don't how mu

. >> well, hopefully, we'll get more clarity on this, scott, with mary thompson and games gorman later today. she may be asking him about their plans for commodities. >> all right. kate, thank you. kate kelly. >>> coming up, the biggest names of pharma are gathering at morgan stanley's healthcare conference. a top analyst will join us with the top picks in the hottest sector of the market. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. what are you guys doing? having some fiber! with new phillips' fiber good gummies. they're fruity delicious! just two gummies have 4 grams of fiber! to help support regularity! i want some... [ woman ] hop on over! [ marge ] fithe fun way, from phillips'. >>> welcome back. healthcare is leading the bull market. the sector is the top performer of 2013, up about 27%. and today, the biggest names are

let's check in with mary thompson. >> one stock has been a winner all week, jc penney higher again today. a couple other hedge funds taking big stakes in the company today. stock moving higher on the news that it's basically dumping martha stewart's line after disappointing sales according to one report. another stock we're keeping watch on, kayden. price tag there up more than 22%. on the downside, some of the other miners under pressure because of the pressure on gold. it is off just about 4%. then we end with sprint, the telecommunications company going to the junk market, going to be borrowing $6.5 billion in two different trun chs, one an eight-year, one a ten-year. it will pay interest rates of over 7%. the dow clinging to a very, very slight gain right now, up just about four points. >> lost almost all the rally. s&p less than two points. >> still coming up, bond funds flowing into stocks. we'll talk about if the market can head higher despite all the global uncertainty. back in a moment. has it's ups and downs. seasonal... doesn't begin to describe it. my cashflow can literally c

mary thompson on what they had to say. >> it was interesting tv, tyler. one helped save the financial system during the crisis the second resents the fact that his bank had to take t.a.r.p. money and the third made money. hank paulson, former wells fargo ceo dix kovacevich and mark of avenue capital reflecting on the crisis and ricks out there today. paulson's concerns include the adjustment to a higher rate environment and need to reform immigration, tax code and core of mortgage market. >> we need to fix fannie and freddie, shadow banking markets and the biggest thing that is not getting enough attention is we've got five regulators all competing with each other, falling all over themselves dysfunction. >> for former wells fargo ceo hated the t.a.r.p. program paulson pushed during the crisis. today to fan of the federal reserve's bond buying program. for him it can't end soon enough. >> they have to taper now. the price has already been paid. it's built into the market today. it would be shocking to the market if they do not taper. so they have to taper

mary thompson with the story. >> ma rhee wra, in a survey done for the "wall street journal" paid researcher equilar said two-thirds ceos met or exceeded goals on performance graded pay from 2008 to 2010. the board's efforts to align payment with performance is improving. others say not so fast. in large part because of the economy's role in a economy's performance and the survey lacks data linking a company's performance to past pay. what is in question is performanced based pay is a larger part of the total compensation package now due to boards responding to pressure from say on pay votes and grades given from proxy advisers on pay plans. link to measures like total shareholder returns and earnings per share performance based pay is sought to more closely align a ceo's interests with those of the shareholders, largely replacing stock options. the idea being the ceo meets or exceeds certain goals shareholders benefit through higher stock prices. certainly some ceos benefited. because they exceeded those targets. the performance pay of 133 of them was 527 million more than what was stated i

get to mary thompson, see what's moving on the floor. hey, mary. >> moving lower as we have been throughout the day carl, the markets pretty much remaining at the levels they have been throughout the session, dow up 82 points as investors continue to wait to see whether or not can get its act together and provide some kind of stopgap spending measure so that there isn't a partial shutdown and eventually raise the debt limit so we don't default on our debt. take a look what we have been watching, the yield on the 10-year verb treasury, an odd correlation this week, the yields decline, so, too has the stock market. keep in mind, the s & p down 5 out of the last 6 sessions, typically they move in opposite directions, suggesting the stocks are move informing ann testimony with the yields, investors more concern about the strength of the economy than whether or not they will see continued stimulus from the federal reserve. among the sectors leading the markets lower today a broad-base deed klein, seeing a little bit of strength in banks right

. >> what we do have is mary thompson on the floor watching what's moving. >> good morning. >> we have a mixed picture on the new york stock exchange. dow is up 25 points a little bit ahead of its worst level for the session. nasdaq showing a slight gain of just over a point and the s&p is as well. basically syria concerns expected to overshadow the markets just as they have the overseas markets in overnight trading. there were comments from russian president vladimir putin saying he might support military strikes against syria if there was unequivocal evidence presented to the united nations that it did indeed use chemical weapons. that kept the global markets overall although you did see a gain in japan. traders are waiting for the results of the beige book that will give them insights into the fed's thinking of the economy and insights as to whether or not the fed will begin tapering this month. something that concerns of which i should say have kept pressure on the s&p 500 over the past month. take a look at the commodities. this is interesting. despite the concerns about syria tod