The nasdaq pulling back from yesterdays 13year high, down 9 points at 3,598 on the nasdaq. The market pulling back from the record highs ahead of the Federal Reserve chairman Ben Bernankes congressional testimony tomorrow. Thats what well all be focused on. Bob has been covering the Market Action all day. I guess it cant go up every day, right, bob . No, thats right. The important thing is, record high, a modest decline. I think thats important, given the caution weve heard. Look at the Dow Jones Industrials average. A fairly narrow range. Esther george, head of the kansas city fed, came out in the middle of the day talking about tapering sooner rather than later, but a wellknown hawk on this issue. It didnt move markets that much. Maybe 30 points on the Dow Jones Industrials average. We ended just slightly to the downside. Theres the dow. Other things here. Weakness on earnings. Four sectors that mattered today. First, the fertilizers. Mosaic came out. Prices for fertilizer were down, specifically phosphate, their main product thats there. And that affected all of the fertilizer stocks as you can see. How about the brokered dealers . Schwab came out with numbers. It was okay. They talked about trading volumes being on the muted side. As you can see, the broker dealers were weak. I think the most important stock was comerica, which came out with good numbers. Comerica was the first real Regional Bank to report. We were looking for loan growth, and they didnt report it. 2012 they had 8 , so far 3 in 2013. Thats the key fact that affected all of the Regional Banks. Comerica down about 2 . The beverage makers, coke disappointed on volume. Down right across the board in all regions of the world, including north america where they posted a very rare decline in volumes. The issues, well, there were several issues. They blamed it primarily on the weather. A couple of other factors, foreign exchange, Weak Consumer Spending and a lot of people have speculated that concerns over potential Health Issues may have weighed on that. Look at their beverage volumes. Its interesting to note that still beverages up 6 things like water. Sparkling beverages were flat. Obviously, maria, growth in the still area. I think the sparkling is the one thats flat now. Back to you. All right. Interesting. The sparkling is flat and the flat is doing better. Bob, thank you very much. Stay right there. Were going to talk more about the market moves, bob. With us is michael from pension partner, jeff from fifth third bank, gentlemen, good to see you. Thank you very much for joining us. Michael, let me kick it off with you. Are you as focused on bernanke tomorrow as the market seems to be . The market seems to be in love with this jekyll Hyde Bernanke we see as dove from hawk dove to hawk. But i think we have Something Interesting here with the market, which is were at a juncture where emerging markets in the last few days are starting to outperform. Remember, they lagged very badly as the tarp spasm occurred. Given the thread is the widest its been since 1998, and that we actually have not had longterm Capital Management crisis, not had a russian default, not had an event, it doesnt matter what bernanke says, in terms of the next fat pitch, which is everything outside of the united states. Look at these emerging markets, seems to be bouncing here, jeff. You think that were looking at the bottom in emerging markets . Would you put money to work there . Yeah, we actually continue to do so. We think valuations have gotten to such a cheap level that just on Earnings Growth alone, the stocks can move higher. The market had to go through an adjustment process where we realize china notably, some of the other emerging markets needed to go through a readjustment process and growth, but theyre still growing. Theyre still growing at a good clip relative to the developed world. I think that bodes well for emerging markets investors. I think emerging markets are attractive. The problem i have with it, guys, you have to be comfortable with a heck of a lot of volatility. The emerging market index we put up, it goes from 35 to 45 and back to 35 every four, five months. Thats an awful lot of volatility for an average investor. But let me add something go ahead. Let me add something quickly to that. No risk, no reward. The s p is all the way up here, Asset Allocation models have done poorly, because everything but the s p has done poorly this year. Now, id rather bet on the bottom than the top. Emerging markets can catch up s p can fall down, theres a very beautiful trade in there. Is it just a trade, buy at 35, sell at 45 . Well [ overlapping speakers ] longterm growth rates, you have to believe the growth in the world is going to come from some of the emerging markets. And i get that. And when youre doing that, youve also got to take the volatility, because thats what weve seen. You know, it has been a long time now that weve seen seeing outflows in emerging markets. And my question is, jeff, do you think the emerging markets have bottomed . I do. If you look at the currency aspect, which we really havent talked about, besides china where its on a separate and longterm strengthening path, but the other currencies, for the most part, they move from the top of the range to the bottom of the range. If theres going to be a buy opportunity, its in here right now. Yeah, okay. So how about the u. S. . Does that take anything away from the u. S. . Are people is it an either or an or . No, it really doesnt. No, when you have globally growth, globally coordinated growth, all boots can rise in this environment. I would be a less enthusiastic perhaps, and, michael, in terms of the emerging markets stance, we still like them. But were concerned were seeing tightening moves there that will be a little bit of a hurdle shorter term. Yeah. And thats something we saw in brazil. Guys breaking news on yahoo . We appreciate your time. We want to get to jon fortt. Looks like a beat on the earnings line. 35 cents a share. What can you tell us on yahoo . Reporter good news and bad news, marie yachlt the good news is the 35 cents a share nongap though weve got to go back and check, yahoo stopped including stockbased compensation in their nongaap eps, so we have so make sure were comparing apples to apples. Revenue may be light. 1. 07 billion, consensus was 1. 08. But the real good news probably is that display ad revenue was 423 million. It had been weak lately. Thats a little better. Search a little weaker than some might have expected, at 403 million. Search had been doing better than display. We have a little bit of a reversal there. Display is yahoo s core business. So thats a bit of what you want to see. Now, i want to take a look at the cash balance. Thats at 4. 8 billion. Thats down from the 6 billion balance at the end of 2012, and yahoo did repurchase stock, spun around 363 million on that, they mentioned acquisitions. Outflows were offset by 846 million in cash from their ali baba investment. So want to hear more about how the core business is faring, and well look through here to see the fullyear outlook. This helps. This helps a little bit. But still, their fullyear outlook calls for about a 4 increase in revenue in the second half versus what they did last year. Thats going to be a challenge. Well see if they think they can do it. Jon, stay right there. Pop in when you have something new and breaking. We want to continue to follow the yahoo numbers. The stock price, it was flat initially. But were seeing a pop right now in yahoo shares, up about 1. 5 . Joining me now to break down the number, david and roger, good to see you both. David, whats your take on the numbers . I would take a nickel beat on basically inline revenues anytime. It argues for me that margins are better than people had expected. The big trick for yahoo Going Forward is that given theyve acquired tumblr and spent over 1 billion to do it, and tumblr has a lot of traffic and not monetization, the question here for ceo Marissa Mayer, okay, you spent a billion dollars, you bought traffic, lets see how we can leverage this so that this margin surprise that we saw in the Current Quarter can be extended going into the second half of 2013 and then into 2014. This stock has do you know so well this year. Certainly its done well under Marissa Mayer. Roger, how much of the gains can you attribute to a strongly performing core business, a business that seems to be gaining traction . I would say not too much. Really . Most of the gains have been Marissa Mayers star power, her connections throughout silicon valley, and her acquisition strategy, which has been very high profile and drawn a lot of attention to the company. But the core business has been stagnant. The numbers are a little better. The earnings look good. Surprise beat. Thats pretty good. The stock is pretty topee right in here, given that its come all the way up on essentially sort of rumors and wishes, and the new properties have yet to perform. So i remain a bit skeptical here. Skeptical about what . Maria . Yes, go ahead, john. One second, lets just get this breaking news on the go ahead, jon. A couple of things i want to adhere. Important metrics. The price per ad sold in display down again. Sorry, the number of ads sold also down. But the number of ads sold down perhaps a little less than some might have feared. Also, in search, a trend we had seen before, continues. The number of clicks, number of paid clicks up, but the price per click is down. So those are important factors to consider here, also. Yahoo says that theyve essentially completed their commitment to return 3. 65 billion from the Ali Baba Group proceeds to shareholders, raises questions about what comes next. The cfo says we plan to continue to execute against the 5 billion Share Buyback that was authorized last year, of which approximately 1. 9 billion remains. So more buybacks coming, maria. Huh, all right, roger, please finish your point. Yeah, well, so basically, you have ali baba finding acquisitions and Share Buybacks, and thats nice, but it wont last forever. Underneath that, you have the core business, which is, you know, its doing okay, a little of this, a little of that. Somes up, somes down. But basically, its and assault and you have competitors, facebook and google that are coming after them as much as possible. Somewhat of a troubled relationship with microsoft on the search side. And none of that is settled. I would say the core business looks relatively flat and it doesnt look like it will increase meaningfully in the near future. And all we can hope for is some of the acquisitions they financed through ali baba will turn in fresh revenues in the future. David, compared to when Marissa Mayer took control of the company, is this a company in a better position today headed in the right direction . Oh, head and shoulders better than what it was a year ago. From this standpoint, you have somebody whos a reeg technologist and driving the company, and fortunately for you, she has a Balance Sheet thats got 15 cash net for ali baba that can be divested in order to Fund Technology development and make this company far more competitive than its been over the past five years when the ceo position was revolving door. Well, thats true. I think you also zsh stability. You have to give her credit for pulling together the morale of the company. Shes done a lot in that department, as well. Right. And thats an important part of the story. Gentlemen, thank you very much. Any other breaking news, jon, from your standpoint . Nothing else except were going to need to hear on the call how they plan to make that fullyear guide. Again, this leaves a big gap between what they promised and what theyve been able to deliver so far, maria. All right. Well leave it there. Well be watching the yahoo story. We appreciate the insights. Another big company out with earnings. Josh lipton with the details on csx. Yes, watching csx here, the big railroad report and beat and moving here in the after hours. Earnings per share of 52 cents. The street had been looking for 47 cents. Revenue clocks in at 3. 1 billion. Street had been looking for 3. 02 billion. The company also saying earnings per share growth for 2013 is now expected to be flat compared to prior year levels, and it says it continues to expect annual earnings per share growth of 10 to 15 on average through 2015 off the 2013 base. The stock up about 2. 5 right now, up about 30 so far this year. Maria, back to you. All right. Thank you so much, josh. The rally is on. Ahead of Ben Bernankes testimony, it seems. Well find out if the market and your investments should be on hold and what to expect from the chairman. Then, if you are eyeing early retirement, you need to hear about a new study that shows it could be incredibly bad for your health. Thats coming up on closing bell. Stay with us. To generate income . With fidelitys options platform, weve completely integrated every step of the process, making it easier to try filters and strategies. To get a list of equity options. Evaluate them with our p l calculator. And execute faster with our more intuitive trade ticket. Im greg stevens, and i helped create fidelitys options platform. Its one more innovative reason serious investors are choosing fidelity. Now get 200 free trades when you open an account. Before their gift helped preserve the point. Before a credit solution was used to expand their business. Before trusts were created for their grandkids educations. They chose a partner to help manage their wealth. One whose insights, solutions, and approach have been relied on for over 200 years. Thats the value of trusted connections. Thats u. S. Trust. Okay. Welcome back to closing bell welcome back jon fortt, take it away. I will take it away. I have yahoo s guidance here from the slides they just posted. It is disappointing. Yahoo guiding in q3 to revenue between 1. 06 and 1. 1 billion dollars. That is below what wall street was looking for. They were looking for better than 1. 1 billion. Also, it looks to me like the current year outlook for revenue has been taken down. The midpoint had been 4. 55 billion. Now the range is from 4. 45 to 4. 55. So what was the midpoint is now the high end of the guidance. As i had been saying, if the numbers came in where expected, it would be tough for yahoo to get to a 4 increase in revenue in the second half. That would be a big problem to make. It looks like yahoo is not making that promise. They are bringing down the guide, maria. All right. Thank you so much, jon. The stock going from up about 1. 5 to down almost 3 . Thank you so much. Well keep watching the stock turning lower on the disappointing Third Quarter outlook. Fed chairman bernanke is set to talk tomorrow. Weve come to find out that when he talks, the markets react. It was a q a session last week that set off a huge end of the week rally. Joining me now to talk more is jim from American Enterprise institute and our own jeff cox and rick santelli. Good to see everybody. Thank you very much for joining us. Jim, your expectations for ben bernanke. I think were going to hear a lot more thats going to sound very repes tiv. He will talk about Interest Rates. Hell make it clear they wont raise Interest Rates for a long, long time. And then, also continues to suggest that tapering is on its way. We would love to have the calendar. We would love to have the tapering calendar. Were not going to get that. If we cant get the output that would be the input. I would like to know what he makes of the huge disconnect between gdp growth and job growth, which is a little better. Gdp is lying or mr. Payroll is lying. Thats a good point. Rick, im wondering if were going to hear bernanke backpedal out of some of the commentary that we heard initially about the tapering, because, of course, he says the market misinterpreted and the data, as jim just mentioned, its just not all that hot. No. And i would disagree with jimmy p. Just a little bit. I dont think jobs are terrific, because i think the parttime job distortion, thats the terrific part. The real issue is between corporate profit the and lack of growth in the economy as depicted by gdp. Jimmy is right, what the market wants to hear is a schedule for the taper. Probably wont get it. What the market wont listen to, in my opinion, and well never understand and its not a question of whether the market is dumb or smart or ben is dumb or smart, its just venus or march mars, its a taper reduction is not a tightening. The market looks at it like quantitative easing is a way you ease when you have zero Interest Rates on the Effective Fund size. That is an ease. Taking away the biting is a tightening. And that will be venus and mars. And i suspect the market will have a problem tomorrow, because its not going to get a timetable, and i personally would like ben to be a little bit more honest about the motivation for taper, because i think Everybody Knows the force is disruptive in the mortgage arena, and theyre going to have to stop. They cant just keep buying at the current pace. Thats one of the catalysts to the taper. I wish that would be vocalized. I know tapering is not tightening, but at the end of the day i think it is. The beginning of tightening. De facto tightening. But it is tightening. Thats the bottom line, jeff cox, why were waiting on, as rick says, a schedule or any, you know, information in terms of a look at when this socalled tapering or tightening, whatever you want to call it, begins. Yeah, maria, heres what you have to take away from what weve seen over the last several weeks. The fed is at the mercy of the markets, and the fed has reacted to the markets. We saw that violent reaction last june after the press conference from mr. Bernanke when he made that just slight indication that tapering was on the way. The markets reacted violently. I think the tails going to be wagging the dog here as far as the market and the fed. One of the big things im going to be looking for at some point, mr. Bernanke is going to get questioned tomorrow about why the economy has not grown and we have a 3. 5 trillion federal Balance Sheet. Im going to be interested to see if we have the circular firing squad where he says, no, its your fault, and they say, no, its your fault, and if they can resolve whats going on with the economy. Go ahead, jim. Jeff makes a good point. At some point, bernanke has to lay out a compelling counterfactual of what this economy would look like if, as some republicans want, the fed was doing nothing, raising Interest Rates, getting rid of qe. You want the fed to be doing nothing or doing a lot less . Go look at europe. We have 12 unemployment and theyve had their second doubledip recession. He has to lay out the alternative of what the world would look like. What youre saying is, even though theres this debate about bernankes policies, if he werent there, we would look more like europe . Thats theres your natural experiment. Its the only argument he can make. Theres the natural experiment. Rick santelli, what do you say about that . I think we look nothing like europe, but embedded in jimmy p. s observation is something is a reality and some would say scary, would we look very different without qe, just the u. S. Economy, i dont think it would look as bad as europe, then whatever those words are, we will see them. It cant go on forever. Its not making an impact in the way it should. Its making basically its making companies in u. S. Rich and their investors rich. Thats fine. I have no problem with rich. Its certainly not doing what it was intended to do, or i dont believe ever intended to do and thats help main street. Hugely important point that weve had over quarter of a trillion dollars in stock buyback, the biggest number in six year, and thats whats fuelled the entire rally. Thats where you get the disconnect of the difference between wall street and main street and why we yeah, thats a good point. Smart guy i think i read somewhere today that is, what, half the available stock for trade as there was ten years ago. Think about that supply and demand issue in terms of how we look at the metrics of stock markets. Yeah. No wonder were at record highs. No wonder were hitting record highs. Exactly. Thats what its all about. Thats what its all about. Well, the volume of stock i think thats also an issue, and its a huge issue Going Forward, and also an issue of regulation. Companies dont want to be public. Look, if you dont like qe the way its being structured, there are other ways you like qe, maybe more, maybe have a big tax cut paid for by the fed. You have a fedfinanced tax cut, if youre looking for a more kind of populous version of quantitative easing. Let me ask you about the impact tomorrow might have. You know, rick just said a minute ago were going to have a tough market if we dont get a schedule, and from what we hear tomorrow. What is your best expectation, jim, in terms of what we hear tomorrow and how the market reacts . Again, i think the market his testimony, bernankes testimony will be out early, so ill have time to sort of focus on that. Again, i think its going to be repetition and focus and stress the Communications Part here. Listen, it will be the q a again. Especially this is the house, youll get real curveball questions and how he reacts to that q a. That will be the driving moment. Those are going to be the headlines coming from his testimony. You have real expectation and opinion about where this economy is. Where is it. Ricks wrong, i didnt say its okay, i would like it to be terrific versus okay, but thats not where were at. He make as good point about the parttime jobs. The point i want, where does bernanke think were at . Where does the job market he said it last week. He said the Unemployment Rate is underestimating how bad unemployment is. Okay. To me, that was the critical point last week, and thats what made the market rally, because he said the unemployment report is underestimating how bad things are. Right. And if you go back to the population ratio, its dead in the water. This goes back to my point before of how hes going to want to leave this with congress and whether it has been fiscal policy, fiscal tightening. Sometimes we forget, when he made the stink last year about the fiscal cliff, he was not talking about loosening, talking higher deficits. He was talking about lower deficits and spending cuts and tax increases, and i think hes going to try to put this at the foot of congress. Hey, i did we did all we could do, what are you guys doing . Hes been saying that. By the way, what has Congress Done . Good question. Its going to come up. What Congress Might do in the fall, this debt ceiling . Someone will bring up the debt ceiling and how its a problem, how it will impact gdp growth. Its another possible headline. You notice the debt ceiling hasnt moved off its same level in about a month and a half, just to throw that out there. So what do you think that tells us . Well, i think it tells us theyre getting money from somewhere. Im not sure where. Were so closed to it that the debt ceiling story is going to emerge. One other issue i want to challenge, ben bernanke doesnt like to talk politics, but he has talked about how the fiscal side hasnt helped. Well, my gripe and ive continued ive said this a thousand times if hes looking at Unemployment Rates now, not representative of the true nature of the employment market, why didnt he Say Something before an election when he stilled into this . He knew about the Labor Force Participation issues. Maybe people would have elected people that would have done a better job. I think that argument makes me the maddest of all of them, because hes pointing fingers at them, but he did nothing to change the outcome, and he had good information that could have. Thats the mother of all counterfactuals. Politic, period. He doesnt want to get into it. He gives you a back of the hand ever once in a while. Then i hope he has fun in disney world on valentines day. All right. Guys, great conversation. Thank you. Well see you soon. Thanks. A major showdown in washington may have been averted. Senate leaders reaching a compromised deal to advance some key president ial nominations and avoid the socalled Nuclear Option. John harwood on how close they came to the precipice and if it could happen again. Later, is this forgiveness or forgetfulness . Women favor spitzer over his rival Scott Stringer. Well talk about whats driving his comeback. It starts with little things. Tiny changes in the brain. Little things anyone can do. It steals your memories. Your independence. Ensures support, a breakthrough. And sooner than youd like. Sooner than youd think. You die from alzheimers disease. We cure alzheimers disease. Every little click, call or donation adds up to something big. Stocks pulled back a bit today, but only by a bit. Bob pisani has been on the pulse of the action. Bob . Reporter look at the dow, folks. We were at a narrow range once again. The dows only positive for a few moment, around 9 30, somewhere around 10 00. Weakened in the middle of the day. Esther george, head of the Federal Reserve over in kansas city, again reiterated her feeling we should begin tapering, or the fed should taper the bond purchases sooner rather than later. Everyone takes that to mean september. Shes a hawk. That dropped the markets a little bit. So did the weakness overall in some of the major sectors like cyclical names, energy, for example, materials, industrials weighed on the market. I do want to point out that a number of companies with earnings today did have an effect on all of the various spaces. Heres the big four that came out today. Mosaic in the fertilizer space. Volumes prices a bit below expectations. Charles schwab, trading volumes on the light side. Comerica, which is the first Regional Bank to report. Loan growth disappointing. They took numbers down there. And cocacola, volume growth disappointing. They affected all of the other stocks in their sector. Heres goldman sachs, which had an absolute terrific earnings report, but it, too, ended a bit onto downside. Getting into the heart of the earnings season, maria, in the next 20 minutes, ill give you a rundown on the stocks for the earnings front for tomorrow morning. Back to you. All right. Thank you very much. Senate leaders go to the brink getting all the way to defcon 2. John harwood has been covering the story. John, what happened . Is everybody friends again . Reporter no, theyre not friends again. But in washington, its about degrees of ugly. And the situation had gotten really ugly, could have gotten uglier if democrats decided to change the rules of the senate, advance some nominees by simple majority, eliminate the filibuster rule for those nominees. They declined to do that, because republicans stepped forward specifically john mccain with five other republicans who agreed to go along and said, well give you those nominees on two conditions. One, you dont invoke the Nuclear Option now. And, two, the president gives us two different nominees for the National Labor relations board. You know, a very unionoriented agency, which republicans dont like. It was going to lose its ability to function without new nominees and now theyre going to have a functioning next steps . What do we watch for now . Reporter we saw today that richard cord rray, his nominati advanced. Were also going to see the nominations of the new head of the Environmental Protection agency, the new banks, the Administration Still has to come up with two new nominees for the nlrb. How does this change things overall . It doesnt really alter the way the senate works, and if we get in a situation where the works get gummed up in the few tire, republicans democrats could come back and change the filibuster rules, as republicans could if they retake the chamber next year. John, thank you very much. Laid it all out for us. Thank you. When we come back, remember this ive insisted, i believe correctly, that people, regardless of their position or their power, take responsibility for their conduct. For this reason, i am resigning from the office of governor. Well, that was then. This is now. Believe it or not, former new york governor Eliot Spitzer leads the democratic race for new York City Comptroller, even women voting for him. Well talk about whats behind the surprising numbers coming next. And later, compelling new research on why you may want to forget about retiring early. Youre watching the closing bell on cnbc, first in business worldwide. You wait all year for summer. This summer was definitely worth the wait. Summers best event from cadillac. Let summer try and pass you by. Lease this cadillac srx for around 369 per month or purchase for 0 apr for 60 months. Come in now for the best offers of the model year. announcer scottrade knows our and invest their own way. With scottrades smart text, i can quickly understand my charts, and spend more time trading. Their quick trade bar lets my account follow me online so i can react in realtime. Plus, my local scottrade office is there to help. Because they know i dont trade like everybody. I trade like me. Im with scottrade. announcer scottrade. Voted best Investment Services company. Otherworldly things. But there are some things ive never seen before. This ge jet engine can understand 5,000 data samples per second. Which is good for business. Because planes use less fuel, spend less time on the ground and more time in the air. Suddenly, faraway places dont seem so. Far away. If a recent poll is any indication, Eliot Spitzer may be back in on with the politics. In a new poll, he has taken the lead over Scott Stringer in the overall vote, and among men, with a whopping 53 over stringers 33 . Perhaps whats more surprising is the vote among women. Spitzer leading double digits there, as well, 44 over stringers 32 . So after the way his political career came to an end five years ago, how is he gaining so much support now, particularly among females . Joining me now is mickey carol, director of the Quinnipiac University polling institute, who put out todays numbers. And also with us is Kelly Ann Conway of the polling company. Good to see you both. Thank you for joining us. Mickey, does this surprise you at all . Yes. In a word, yes. Its a very simple question, and a very simple answer. Youd think, look youd think that women would not like the idea of a guy using a prostitute, which the spitzer did. And yet, women somehow or other apparently have forgiven him. Dont ask me why. I mean, i can do political questions and quinnipiac does quinnipiac does political numbers. Psychological, i dont know. Thats a little hard you dont know why. Theres no way of telling why. I mean, we can we can i know why. Why, kelly ann . I know why. Because spitzer and wiener have been very successful in achieving this ruse to make this a whole morality play. How forgiving are we . Somehow they shifted the burden away from their conduct and onto our judgment. The question the wrong question to ask is really do we forgive his Sexual Misconduct . Thats the wrong question. Whats the right question . Judgment to be new york does he have not in the poll, mickey, just generally the question is, does he have the judgment to be the new York City Comptroller well, thats a darn good question. Come on, come on look the question is this is not an argument. Thats the thats not the question. The question at this stage of the game is how did a guy with this background all of a sudden wind up tops in the quinnipiac poll. He has high people are confusing fame and notoriety with popularity. The question is, does he have the judgment. And i think if no, no, no he has the judgment thats the question, of course. Thats the question about any candidate. But now, the question is how did this guy and his buddy, or his cohort or his whatever you want to call it, on the mayoral side anthony wiener. Tabloid twins. Thats the answer. The answer is that both of them are dominating the news. Theyre all over the news. And can notoriety. Youre on to something there. Wait a minute you think its a positive theyre over the news even though the stories keep coming up about the of course, it is. You think its a positive. Yes. Youre in the news, your name is, it doesnt matter what they write, as long as they put your picture thats what they say, say what you want about me, but make sure the picture is right. But notoriety has given way to celebrity. No question about it. Thats happened. Well, that plus something else. And celebrity the question is, will a celebrity lead to support. And the answer is, we dont know. We dont know because you know so thats thats my next question whats fascinating about your poll, mickey. Since we know theyre in the lead, will they thats a darn good question. Are you saying, mickey, we dont know, that its early and you dont know of course, you dont know. The poll youve heard the cliche a zillion times, a poll is a snapshot in time. This is now. Well do more polls. Well see. Will the celebrity lead to support . The answer is, we dont know. I dont know. You dont know. And the fascinating what do you think, kellyane. Stick your neck out. Well, i agree that i dont think i dont think its going to be as easy as folks think. Even in mickeys poll, it shows most democrats are not focused that much on the race yet. That usually means those with the highest name i. D. Do tend to rise to the top, maria, because people go for the familiar, Familiarity Breeds comfort, not contempt. Scott stringer, whos running for comptroller, hes doing a very smart thing. He basically has mrs. Stringer, whatever her last name is, glued to him at all of the Campaign Events as if as if thats an affirmative criteria. But its his way of reminding the female voters that you may want this morality play, you may want to show that youre progressive and openminded, you forget Eliot Spitzer, but is that the question youll take into the ballot box . Is he doing that good of a job . Is it really working that well . Who knows . Hes down in the polls. We dont know yet. We dont know yet. 62 of people tell quinnipiac they dont know enough about him to make a decision. Thats the interesting point. But to me, on this program, and with your what would spitzer do if he was comptroller . Dont you think thats a pretty good question . Yeah. Weve been covering that question as well, by the way, because there is subpoena power hes not investing the funds municipal funds, auditing is one of the you know hes weve got to run, you guys. Great conversation. He spent too much on hooker, overpaid for hookers, not a good financial steward. Well see you soon. Thank you so much, kelly ann and mickey. More on the market reversal fortune. And thinking about retiring early . You may want to think again. A new study shows delaying retirement could reduce the risk of dementia. Yes, details next. Oh, hes a fighter alright. Since aflac is helping with his expenses while he cant work, he can focus on his recovery. He doesnt have to worry so much about his mortgage, groceries, or even gas bills. Kick kick. Feel it feel it feel it nice work you got it you got it yes aflacs gonna help take care of his expenses. And us. Were gonna get him back in fighting shape. [ male announcer ] see whats happening behind the scenes at aflac. Com. [ 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 testdrive the market. All on thinkorswim. From td ameritrade. All on thinkorswim. Peace of mind is important when so we provide it services you bucan rely on. With centurylink as your trusted it partner, youll experience reliable uptime for the network and services you depend on. Multilayered Security Solutions keep your information safe, and secure. And responsive dedicated support meets your needs, and eases your mind. Centurylink. Your link to whats next. Welcome back. Stocks taking a breather. Bob, whats the sentiment down there today . Was the pullback a good thing in. Sure. And it was good to see this. Remember, we had some were now getting into the heart of earnings season where a number of Big Companies came out. Were going to be able to advance this story a lot tomorrow on earnings. Let me just show you some of the things coming out. Remember comerica today. Weak loan growth. They took the numbers down a little bit. Were going to solve this problem tomorrow. Well know if theres acrosstheboard weakness, because m t coming out, pnc, the big rival banks. Well see if its below expectations, if the Companies Take the numbers down. First Big Industrial company will be out tomorrow. I love tech strong, because theyre easy to understand. Bell helicopters, cessna airplanes. Very commercial aerospace, as well as the defense area. The big issue and the ig issue for them is how much sequestration affecting their earnings. Well get that tomorrow. Finally, delta, the big airline, the first big airline to be reporting tomorrow. Remember, delta, folks, a 5 stock four years ago but doubled in seven months. Look, a 20 stock essentially. Bottom line, airlines have consolidated, raised prices and cut capacity. And well find out whether theyll be able to raise any more prices tomorrow. Maria, back to you. All right, bob, thank you so much. Meanwhile, a new study is out from the French Government Research agency that shows if you delay retirement, you may delay dementia. Research from the study indicates that for each additional year of work, the risk of getting dementia goes down. Do you need to keep working to enjoy your retirement years . Joining me now to discuss the findings is dr. Nancy snyderman. Hey, nancy, great to see you. Great to see you. Give us the background here. Is this a use it or lose it story, you just have to keep using your mind, otherwise it will go . Its exactly a use it or lose it story. Its a reason you and i will never retire. It underscores the fact that the brain is really quite plastic. It continues to change over our lives. We used to think once you hurt a certain chronological age, that was it, and now we know these time lines are bogus. The more people stay in the workforce, the more creative they are, they tax the brains, around the younger people. And the socialization makes a difference. The increased stimulation means that for every year you stay in, the 3 is cumulative. This is a rocksolid study, looking over 400,000 people in france. And i think it is absolutely applicable to the u. S. Workforce. How do you do it . At some point, Companies Want you to go, right . I mean, what do you do, keep working till youre 100 . I think at some point, the arbitrary deadlines of 65 are dumb. You and i know a lot who are 70 and should probably still be ceos. Absolutely. But it also means you need a plan b. You might not want to be ceo of a fortune 50 company forever, but maybe something other than retirement. Perhaps Something Like volunteer work. It has to be a reason your expertise is needed and a reason to get up every day and put your pants on. Dementia now in this country, especially alzheimers, costs the country over 200 billion and theres a lot of evidence to though that is reversible, but not only knowing what your gene pool is, but by acting on it early. That means the real non the nobrainer stuff. Cant smoke, watch what you eat. But increasingly, the mental stimulation and social engagement will be a cornerstone of keeping a persons brain healthy. Lets say youre a senior at home right now, and youre not working. Can you get back into it after not having worked for several years . You can. And i have to tell you, my parents are classic examples. I moved them from indiana to princeton to be closer, because they outlived their friends. We got them a dog. They made new friends. I have to tell you, my parents are younger today than their chronological age, because they immersed themselves in a new community and made new friends. There is no reason we cant be talking about living to be 95 and 100 with brains intact. All right. Great stuff with brains intact. Great stuff there, dr. Nancy, thanks so much. We appreciate your time. Well see you soon. Tomorrow back to key earnings. Ben bernankes testimony could be among the drivers of this market. The top pros will weigh in on which way your money will move next. Stay with us. Before Global Opportunities were part of their investment strategy. Before they funded scholarships to the schools that gave them scholarships. Before they planned for their parents future needs and their sons future. They chose a partner to help manage their wealth, one whose insights, solutions and approach have been relied on for over 200 years. Thats the value of trusted connections. Thats u. S. Trust. Wi drive a ford fusion. Who is healthier, you or your car . I would say my car. Probably the car. Cause as you get older you start breaking down. I love my car. I want to take care of it. I have a bad wheel i must say. My car is running quite well. 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Well be paying close attention to chairman bernankes testimony, including the q and a session which always provides insight into current policy thinking. Last week he confirmed policy dependency on data including inflation as well as Financial Market conditions. We think he must be pleased with the Market Reaction and will stick to the same message that the fed will respond with policy to any tightening in Financial Market conditions that could threaten the recovery. All right. Well leave it there. Thank you. Brian 30 seconds on the clock. What are you preparing for for tomorrow . Were going to be listening to bernanke as well. Really, i dont think hes going to tell you whats going to happen when january comes around and hes looking for a new chairman. I dont think hes going to tell you when theyre going to start the tapering. Were also looking at the fed, the housing numbers that start tomorrow as well as key earnings in the financial and tax sectors as well. Thank you. Well watch that. Tim, up to you. 30 seconds on the clock. What do you want to watch tomorrow . No great shock. We, too, are going to be watching sitting on the edge of our seat listening to Ben Bernankes testimony, waiting to see how quickly he pulls the qe punch bowl away. We focus on housing because its a huge contributor to the kre. Five percent to the gdp. As it relates to tomorrow, we want to see hawkish comments only if its going to effect the economy negative. Doveish comments are going to affect the market. Tim, if housing bonus question. If housing is doing so well, how come the economy is not performing better . If housing is doing so well how come the economy is not performing better in terms of growth . The Housing Market can only do so much lifting. There is a direct correlation between house price increases and a correlation to positive employment numbers. I think youre seeing that. The bottom line is you can do all you can for Monetary Policy to increase the value of assets, stock and housing but its not going to contribute to your disposable income enough to get the consumers spending enough to lift the rest of the boats. Thank you so much. We appreciate it. Well watch more on that and the outlook from yahoo when we come back. Stay with us. Farmers presents 15 seconds of smart. So youre worried about house fires . Stop smoking. Manage your wires. Watch out for space heaters. Clean the chimney. Get one of these. Cool the romance. And of course, talk to farmers. Hi. We are farmers bum pa dum, bum bum bum bum welcome back. Its been a wild after hours for yahoo . The stock under pressure. The Company Reported better than expected earnings earlier in the show. You heard the numbers but then it fell a little light on revenue. Investors were disappointed by the companys Third Quarter outlook. The expectations called for sales of 1. 2 billion. As soon as that forecast came out the stock took a hit and now youre looking at a decline of 1 and a half in the extended hours. Rest of the market, no great shakes, pulled back from the record highs yesterday but fractional moves, a lot of people waiting on Ben Bernankes testimony on tapering. That will do it for the closing bell. Fast money begins right now. Have a great night, everybody. Live from the Nasdaq Market site in new york citys times square. Im melissa lee. Well get to the fed in just a bit but first our top story for tonight. Tesla. We led the show with it last night as you recall. Is the best trade of the year over . The stock having its worst day,