And mortgage apps. Keep your eye on gold if youre looking for clues about the fed. We did dip below 1,300 this morning. Just hours away, is the taper finally upon us . Well break down what it means for the markets. And the reviews are in. Words such as gorgeous and game changer being used for apples new operating system and the new verse of the iphone. But will it help the stock . Fedex beating expectations. Up more than 3 in premarket trading. And starbucks asking customers to please leave your guns at home. The ceo saying firearms are not banned in the stores but theyre not welcome either. Apple unveils its new ios operating system today, included in the 5s and 5c. Those phones will become available on friday. The reviews are in. Walt of the wall street journal says the new 5s is a delight, its hardware and software make it the best smartphone on the market. And from the times, its genuinely awesome. The haters can go jump off a pier. And ed, who will join us later on, taken in totality, the features new to the iphone 5s make what i consider to be the best smartphone on the market even better. First im going to buy one. Thats because you have a 4. I do have a 4. I think these are gorgeous. Ive been puzzled over apple. Youre starting to hear good things about demand. It will move the needle if they sellout. Everybody got negative about it last week. I got negative about it. Were hearing some pricing in china thats good. This has to be the single most controversial stock ive seen in my career. You love the product. You love tesla, you love netflix. These are stocks that move on love. Why isnt the apple love there . The answer is the institutions dont care for apple anymore because it doesnt have the new product that everyone was looking for. But this is a winning combination. It doesnt have the growth characteristics perhaps. But youre down maybe. Its certainly they would argue a value stock. Its the first word that comes out of peoples mouth. Cheap. Its very cheap. I think they can do a lot with that capital. But a stock that went up 50 points between a possible dinner between carl icahn and cook on a tweet. These are the actual positive notes on the fact that demand could be better than expected. Look, these reviews move the needle because i think people read these and say this phone is worth getting. It gets people back in the store. Lets talk to verizon, youre friends with those guys, lets talk to at t, lets see what it does. Talked to people at apple over the past few days. Theyre clearly frustrated at what some call Balance Sheet jockeys. Their argument has been wait till the phone gets in the hands of people and then you can make a judgment on where the stock should trade. You mean people want a financial engineer versus engineer . I think thats what theyre referring to. I got to imagine in cupertino were happy when the stocks hit the street. The stocks been a very tough stock to own. You need to see positive momentum in earnings and you need to see a new product. These reviews feel like a new product. It seems like the reviews are about the operating system rather than the hardware. Though mossberg was frustrating going back to his old phone and having to enter four numbers. I want to be able to go to home depot and press this. It will have everything i need. Theres technology that allows you to do that. I like this phone. I want the new phone. I want the identifier because i dont want my phone stolen but also because i want to be able to use it for transactions. So this is a very attractive thing. Again, im in charge of trying to figure out the stock for mad money and the stock is interesting when you have expectations wrenched from it. But yearoveryear numbers must be strong because in the end, thats what youre dealing with when youre dealing with salesforce. Com, when youre dealing with google. Only tesla and netflix are freed of pe multiple action and amazon, too. Theyre not in that pantheon. Does apple benefit from the fact that it doesnt seem that anyone is going to have anything new by the end of the year . Where is samsung . Is android just has it been leap frogged . The guy who is will know this are verizon and it the at that time and sprint and tmobile. We have to stay close to what they say this weekend. Fedex. Ups. They have to tell us. Ups told us that the 4 and 4s was good. Ups gave us the insight we need. Thats who i want to know. We are going to have the new iphones here on set at post 9 a little bit later on. You mention the fingerprint. Apple says the odds of it being hacked, in other words, having someone else get into your phone using a fingerprint, 1 in 50,000, as opposed to cracking a code, the odds are 1 in 10,000. You just use your social or your birthday or your dogs name. Right . Theres not a lot of creativity. This is not the manchurian candidate stuff. This is kind of pretty simple. I do think transactions are the next wave. If you can get a transaction so i dont have to wait in line and just go boom, boom, youre still here. Obviously i dont have the identifier. You trying to make him go away . Yesterday he was wrapping something around my neck. Its a transspoponder. Is there something going on between us . I just want your approval. You got it. Really . Without a doubt. Without a doubt. Lets talks a little fedex. Shares of fedex rising in the premarket. The Company Posted before the than expected fiscal First Quarters earnings, 1. 50 a share. The ceo says results were driven by growth and overall demand by the broad portfolio, adding they remain committed to reducing costs facing challenging global conditions. You mentioned ups. Its like when you and santelli go at it. No, you guys are on the same page. I dont want his approval anymore. I do think when you look at fedex, whats interesting is the restructuring is clearly working because the numbers themselves are not that great. Theyre putting through a price increase, i thought that was exceptional, gdp growth at 2. 1, thats in line. The fast express segment, people are still using the ground segment more. That is not going away. Express domestic clially up 1, international up 4 and people continue to ignore the highpriced shipping option. One of the things we have to watch is amazon has really hurt these companies, particularly ups because amazon building warehouses everywhere so you dont need to do the expensive fly from seattle or arizona. They put warehouses up everywhere. Can you use ground service. That is a big change structurally. Its not like these guys are going to mention. They talk about ecommerce i dont think you go to the back of the fedex truck and look in, how many amazon boxes are you going to see . A lot. Amazon is the driver here. Its the age of amazon. That would be the great name of a documentary. Age of amazon. Washington post. He likes the washington post. They are looking for 21 Economic Growth. I think international 26. They dont give quarterly di guidance anymore. How can they be so sure about the year because freds an economist. They know everything. But they dont really know. But they put through a price increase. That is the salient feature. That means they feel they can sustain it. Very important. Effective january 1st. You think the fed looks at this . Meantime starbucks Ceo Howard Schultz is asking customers to no longer bring firearms into its stores, but they have stopped short of banning guns outright. Heres a letter from schultz addressed to fellow americans. Recently weve seen they carry debate become increasingly uncivil and in some cases even threatening. Pro gun activists have used our stores as a political stage for media events misleadingly called starbucks preesh yaeg days that disingenuously portray stars bucks as a champion of open carry. To be clear, we do not want these events in our stores. Of course this comes, jim, just a few days after the navy jary shooting. This is not the kind of problem you need as a ceo. I got this statement early in the morning and i was like, wow, call attention to something i hadnt known was on the agenda. I didnt either. I go in for a triple capuccino and an ak47 . I dont see this in new york. Maybe thats the problem. Theres not a big debate in new york as there are in others. Few retailers are as blanketed across the country as they are in starbucks. Boy, are we out of touch in new york. Thats amazing. I apologize for not knowing. Its a big issue. Whether it has any issue on sales at starbucks is far from clear. Schultz is not shy from straying into issues in the past. Dont forget the deficit reduction. It was bipartisan. He has been known to write open letters. This is an important issue. Its a riveting issue among my friends. I have friends who are very progun. And i owned a gun for a very long time. For protection purposes. I saw this as im going to do more on this. I didnt know this was such a focal point. Thats my bad. With Everything Else hes got to juggle, though a stock price that is not a problem. Holy cow. You own that stock, you can do a lot with that. 57 billion market value. The samestore numbers were the best as any large cap in the country. Think when he came on the show and said europe was turning way in advance of any of these numbers were getting now. August last year and he comes on august this year and europe had turned. And the china growth. I know theres like a hundred city youre just starting to open starbucks in. Its been a fabulous stock. When we come back this morning, former congressman and gop president ial candidate ron paul. Youll never guess who his pick is to succeed ben bernanke. And take one more look at futures. Well see what kind of Holding Pattern were in. Yesterdays dow range the narrowest since july 19th. A lot more squawk on the street from post 9 in a moment. Walking down the street well, if youre sick and tired of the word taper, youre going to hear it a little bit more. Kelly evans here to talk about more what we can expect. I figured wed give people the cliff notes verse. Version. The Federal Reserve today will end its twoday meeting, which it began yesterday. Well have a press conference from bernanke this afternoon. We only get those four times a year. Its because of that that people expect the fed would make a pretty significant announcement today. Its going to go from it will taper about 10 billion. Now, if youre wondering why, what brought to us this point, you can start with the may time frame, for example. Thats when ben bernanke was talking about the need to potentially reduce purchases and said it could happen within a few meetings. A few meetings have now passed, the Unemployment Rate has now fallen and that goes back to the why. Why would the fed start to taper these purchases . There are concerns and theres been research to support this view that perhaps the purchases arent doing enough to support the economy and perhaps the costs are more than the benefits. Theres been research from very Federal Reserve branches that perhaps the taper boosted growth only by a little bit here and there. This is ultimately a pivot. The fed is trying to pivot from using quantitative easing purposes to perhaps using promises. And the promise amounts to, yes, we may be tinkering with the amount were biography each month but we promise were going to keep rates super low for a super long time. Since the feds been talking about this in may, markets have gone on a bit of a i dont know what you want to call it. Theyve basically been out there saying we care more about your actions than your talk. If youre not in the market buying, then that 10year is going up to 3 from 10. 6. We saw what happens when rates go from 4. 8 to 4. 6 even. Mortgage rates . Yes. I was with one of the biggest Mortgage Brokers last night in the city. 5 , bad number. Absolutely. What kind of form does the tapering take . Does the fed decide to do all of the tapering in the form of treasuries or does it taper Treasury Bonds and mortgage bonds . Plenty people say you can point to a more useful and helpful impact with regard to bringing down Mortgage Rates and improving liquidity in the mortgage market. What about this idea of reinvesting principal and interest, too . Could they conceivably stop doing that as well and therefore it would be larger than it seems . Exactly. When people repay their mortgages, buy a different house or whatever, the fed has been taking the amount it gets and rolling that back into additional purchases. If theyre not doing that, that would be significant. Rebounds from mortgage bankers. Is that because they fear a taper coming or its maybe a better sense that people are locking in an historical low rate and some rebound has got to be likely at this point. You heard what blankfein said earlier this morning, that any taper more than 10 billion would move markets. Yes. The fed is probably going to lower growth projections. You have all of these shifting promises. The extent that any of that matters, especially when the people on the fed are about to undergo a huge change is youre saying this is going to be huge. My view is its not what thinkthesthiney say. Depends on what you mean by huge. Youre just at the cusp of a major worldwide recovery. Bernanke did something right here. He waited worldwide to come back. This is the least important fed meeting in terms of Global Growth that ive seen. Certainly the fact that even though weve had so Much Movement on the 10year, the stock market is still at or near alltime highs. That would suggest to you the concern about what happens today is not that great. Exactly right. I know thats not thats kind of an avant garde view that it doesnt matter but, come on, we had rates almost double and what are we going to do . You think boeing is trading off of the fed . Look at that stock. Its trading off the dreamliners. We are in a moment that were trading off stocks. We hope it stays that way. When we come back, cramer is in your corner when it comes to making money. His mad dash is on deck. Take a look at futures. Gold right at 1,300, the 10year at interesting levels and futures restrained as we await the fed decision this afternoon. Back in a minute. The most Free Research reports, customizable charts, powerful screening tools, and guaranteed 1second trades. 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Were cumulus. Which is a radio company. Lets move to biotech. These stocks, very controversial, William Blair raised his price target. Steeple downgrades at jim cramer on twitter, you see this raging battle about whether theyre letting people in for a trial for a certain kind of cancer. This has more shots on goal in terms of orphan status and orphan status is lucrative. This group of people who are really suffering. Goldman sachs says they like regeneron. When this stock was at five bucks, no one wanted it. They had this Macular Degeneration disease shot in the eye. You shut shooot this in the hig as much as the other guy. How many times do you want to get shot in the eye . I would prefer to be shot fewer times rather than more. They also have an anticholesterol drug. A lot of people are allergic to statin drugs. They have one based on another kind of technology. Regeneron may bes strongest stock in the book. Im including tractor supply. Opening bell right after this. Nascar is ab. Out excitement but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. Thats why we partnered with hp to build the new nascar fan and media engagement center. Hps Technology Helps us turn millions of tweets, posts and stories into realtime Business Insights that help nascar win with our fans. Bob will retire when hes 153, which would be fine if bob were a vampire. But hes not. Hes an architect with two kids and a mortgage. Luckily, he found someone who gave him a fresh perspective on his portfolio. And with some planning and effort, hopefully bob can retire at a more appropriate age. Its not rocket science. Its just common sense. From td ameritrade. Youre watching cnbc squawk on the street, live from the Financial Capital of the world. The opening bell in just about 40 seconds. Already so much news has come in. These reviews for the iphone i would say almost uniformly positive. We have housing starts. The most Single Family starts in about six years. Thats very bullish. Maybe that i react to that and say thats very good. California less than threemonth invento inventory. In the meantime, there is the opening bell and a look at the s p at the top of your screen, kicking off at 1704 last night. Mexican Airline Volaris celebrating its ipo today. Benefit focus celebrating its ipo today. S