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Transcripts For CNBC Closing Bell 20130808

Showing claims fell. It is pretty good. Getting better. But the Employment Situation remains pretty insistent. Pemco continuing to see huge outflows. Founder bill gross says a bond war is at hand and his firm will be the winner. He lays out the battle strategy exclusively. Lays it out as war strategy. Plus Richard Fisher is with us. He says it is time to taper. But he has been saying this for a while. He is not a Voting Member but he will tell you what he expects his colleagues to do beginning next month. He is a september taperer. It is amazing. And it shows you the debate going on within the Federal Reserve right now. Absolutely. Lets approach this final hour. Near the highs of the day here, not so far from it. Up about 40 points. 15,511. Nasdaq also positive here with the gains doubledigit, up 18. 5 points. 1. 5 of 1 . S p 500 showing a begin here of bet are than will points, bill. Down s p about an hour and a half away from snapping a threeday losing streak. What was the turn aroun

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