The past two sessions. One day does not a trend make. We continue to follow. No wonder he recently said twitter had nothing to fear of going public. Shares of facebook finally after rocky ipo broke 50 a share. That after goldman raised the price target to 58 from 52 saying there is momentum and significant runway left. It has taken off up another one 1 3 . Right now 0. 15 above 50 per share, up 0. 69 at the moment. Not bad. Well below its ipo price shortly after went public. Finally jamie dimon went to the washington to reach an agreement with the Justice Department over his firms role in allegedly misrepresenting Mortgage Securities before the financial crash. A live report in just a moment to moment there is the belief that the two sides are striking a deal. We dont know how much. They first offered 3 billion. The stock has reversed. Higher earlier, not below the flat line down 0. 10. We are watching it and have the top banking analyst getting in the chair to talk about what he thinks. You know what, lets go to yahoo, hitting new highs on expectations of a Different Company going public. Nicole petallides on the story of the new york stock exchange, sandra smith at the cme with a controversial tweet. Now would get to you first. Reporter the new 52 week high. All of this comes on the heels of the potential ipo here in the United States. There is a look. Over the last 52 weeks the stock is up 100 percent. It really shows you what degree you have had. Assuming the commerce giant has their ipo here, it could be worth 120 billion. Yahoo has a 24 stake. And we knew it, but here is the exact number. The biggest shareholder with 35 . That could it be a huge benefits. This is a big deal and could be a big blow to the stock market assuming that they come here. The experts and sources are saying that there now looking and working with u. S. Law firms to start the ipo process and will soon be hiring banks in order to manage this very important event. Liz you know what school, he was a schoolteacher. Fascinating. Reporter that is cool. Liz did a great idea, are not fit. God bless china. Just like we say god bless america. Thank you. Always listening to the to the. I was a very controversial. He is putting out to investors, dont trust moodys. In fact, hes saying he went as far as to say dont trust moodys and instead just those of standard isnt standard and poors. Remember, right now moodys has a aaa rating. They recently upgraded their look to stable from negative. He says ignore that. Ratings firm. That being said, bonds in focus today. He makes this comment. We are now looking. Just over two and a half . The continue to see the yield come way up from the numbers we were seeing. It has been on a steady decline since the fed announced it was not capering. As long as it keeps up the bond line program, those yields come down. Right now we have been calls from hsbc saying in believe it will fall to just over 2 percent of the next 12 months. Barclays says to 85. So controversial comment and all of these banks saying that the 10year yield is going down from where his. Liz this is fascinating. The Moodys Corporation up about onethird of a percent. A company it is based in canada. It is trusting any of the ratings agencies entirely. Use it as one source, but we have learned something from the financial crisis. Very interesting to see why. Keep on it. Thank you. We have some encouraging news about jobs. Always looking for that. Jobless claims, people go and apply for the first time for Unemployment Benefits fell 5,000 last week to 305,000. That is certainly helping boost stocks. We have lost most of our lead, but a nice move today. With the to the floor of the new york stock exchange, cme, and nymex. We can hang our hat on that because the existing home Sales Numbers did not exciting. Mixed data is usually a Better Foundation for the stock market. It is. And that makes data has caused a little extra volatility in the market. Theres also the other headline. All the conversations going on in washington. That is clearly the one thing that is removing the market. Lets take a step back. A couple of consecutive down days. Getting to the end of the month, the court. Sometimes recessing when addressing. I think right now if you printed out your quarterly statement you would still be happy with what you will see, but i expect a little bit more just due to the fact we have this debt ceiling crisis conversation going on. We have punted tapering at least another month to two down the road, and its not even the big topic conversation. Clearly if these conversations coming of washington that investors a feeling uneasy about liz 100 percent. We look at what is happening. It affects peoples psychology in the markets. But standard just talked about the bond king making that comment about whether we should trust a certain ratings agency. Then she very aptly points out that moodys is the one that has thus rated at aaa. Do you think it we are in danger of losing our aaa status . I think that we are definitely right now on the press of this of something that the world as never seen. And now were talking about volatility. We dont get this debt ceiling down and have an action plan moving forward with how to reduce our debt. This morphine drip, should we need new highs. Sentiment down here, volatility going crazy. Things like gold, hundred dollar range is a matter of one week. Traders right now really believe that there is of the reserve currency. Liz speaking of which, let me interrupt you. The dollar moving slightly up, slightly down. As the euro is bumping up against the dollar 306, people are wondering, and you can jump in here. Orel is to nominated in dollars. The euro is getting awfully close to 135. The dollar is not great. Is it that reserve currency still . I agree. I think so. Absolutely. I think you are seeing the price of oil, of. Going florida think you could see that happening. Liz i think so. Lets take a look at the energy complex. All green. Im seeing in all move fire. We were trading one have made dollars. I was looking to you saying, ready for a move to the 90. Look where we are, 103. We tried to get through. It did not happen. The villain back. And looking at the 98. If you look at a daily chart, 98 seems to be way this market wants to go. As far as the products, those came in so much as crude rallied the product did not come with it. I was looking for a reversal. That is more less. That was just a reversal of the trend. Liz for months away. Of the talking to you before the end of the year. Liz and ordering the filet mignon. We appreciate it. As we mentioned, jpmorgan seal jamie dimon had is facetoface meeting in washington today. He goes to washington to strike a deal. A settlement. Release the banking is on their issues bynum. Reports of the bank appears much as 11 billion to end the governments mortgage investigation. Joining me now, rich edson, standing aside the department of justice when he left the scene. You know, questions as to whether or not any progress is made. There is no word yet of the deal Company Attorneys spent two hours of the bargain of justice. Then met with attorney general eric holder. A person familiar with the settlement talks tells us an agreement is likely within days. A 11 billion settlement with the department of justice. Their own negotiating. An unrelated press Conference Following the meeting commis refused to comment on the specifics. The heat knowledge that the focus on financial crimes. This is something that is a priority for this Justice Department all accountable people who manipulate the companys that would manipulate our Financial Markets for their own customers benefit of the benefit of the companys. We have, i think, brought a substantial number of those kind of cases of the past few years. We have matters and are under investigation. Reporter federal and state agencies pressing jpmorgan. The bank is trying to clear as many of these potential suits as possible. Already agreed to pay more than a billion dollars. Liz i mean, its fascinating to see, but painful to watch. This is a bank that has the best intentions with like to believe, and they want to get away on business. Does not send a great message. According to one of the most respected banking analysts out there, it sends a terrible mess is to the Global Markets about whether send best in what our banks are doing. A little worrisome holyfields that any really punitive deal for jpmorgan would affect that. Plus, like the walking dead. Once Iconic Companies that could take a huge fight out of your portfolio. You have to be careful. We will tell you about big, corporate names. Could be a major threat to your investment. Stay tuned. Emails some of them. My mantra . Always go the extra mile. To treat my low testosterone, i did my research. My doctor and i went with axiron, the only underarm low t treatment. To treat my low testosterone, i did my research. Axiron can restore t levels to normal in about 2 weeks in most men. Axiron is not for use in women or anyone younger than 18 or men with prostate or breast cancer. Women, especially those who are or who may become pregnant and children should avoid contact where axiron is applied as uneected signs of puberty in children or changes in body hair or increased acne in women may occur. Report these symptoms to your doctor. Tell your doctor about all medical conditions and meditions. Serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet or body swelling; enlarg or painful breasts; problems breathing while sleeping; and blood clots in the legs. Common side effects include skin redness or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. Ask your doctor about e only underarm low t treatment, axiron. Liz you heard Dennis Kneale in the last hour talking about how twitter has been making quite a touchdown with the nfl. The National Football league is going to partner to provide exclusive content for the social network. Already 10 million in order as they have been able to place. This comes before the highly anticipated twitter ipo. Our next guest is putting out a public plea. Please dont lose your weirdness. Dont become too mainstream, go all corporate on us. Joining me now, the wall street Journal Technology it Technology Columnist who wrote the piece. We loved it. How many times have we seen a Startup Company take creative chances . Were coming do extraordinarily well and then go public and become corporate. Is that your biggest fear . It is. One of the things i love about twitter is how difficult it is to use. It is an uneasy and that i hate to sound like a hipster, but it makes it like an exclusive club. And i worry that one of the things that twitter will be pressured to do is once their public and will need to report huge growth of recorder, revenue growth, user growth, and in order to do that theyre going to have to make the service more accessible. One of the things they notice knows a lot of people sign out, and very few stick with it because it is hard to use. Liz is in their term for that . Its called charren. Liz yes. They sign up and then it is a debt account in a way. Right. And i know a lot of people who have done that. They get on and kind of cannot figure out what to do what it is for. At the twitter as it is now is just not for everyone. Great republic people, journalists and marketers and good for people who want to follow the news, but that is not everybody. It is not your friends. Liz what they have done, the Strategic Partnership or theyre going to generate some serious cash. Ec in in advance of the ipo trying to strike deals with other television networks. I get their hall hipster thing because they hate when the world discovers what they felt was their secret. Twitter is not a secret. I have faith in the company that there will be able to monetize all of their issues and stay cool with their little blue sale while. What to the need to do to make sure they do not annoy the twitter faithful . I think what people worry about is that twitter will turn into facebook. Facebook has its place and obviously it is popular. Facebook is for kind of connecting with friends. It is also very it has a lot of videos, images. Its rich media. We see that in this nfl deal. Where in the cna film videos. A lot of people want text. Liz less talk about the synergies. One of the things the chump data new or you can see the power of twitter, thats ridiculous movie. Instead it has tagging and trending. The next thing you know it was a twitter sensation in one single night. And the scifi was able to then rerun it and get more eyeballs trumbull was one of the most ridiculous movies i have seen since vertical image, which i loved. I allowed to really cheesy, a dramatic movies. This has to be attractive certainly to people who are on the french. For those people its great. So they ran a study where they found there is a significant relationship between tv shows an actual view should. Nothing that is what they see as one of the big things. They are really plugged into tv. When people watch tv they gutted twitter. Liz one last thing as we finish because you have been living and breathing in at the moment. Who gets the nod, nyse on nasdaq . I think its nyse because twitter wants to be disciplined and avoid the problems that facebook had, but i dont have any special insight. Liz youre the guy at the wall street journal watching technology. Everybody follow him is so pathetic. Thank you very much. Two stocks that may wish they never went public. Concerns are deteriorating sales, dropping share prices and slumping popularity. Have these two names very concerned. Blackberry and j. C. Penney charging toward what looks like disaster. Hundreds of millions of dollars in losses for both firms. Are these companies actually the walking dead . We bring in an shapiro very much alive. It is true. I just would love to believe that both of these companies survive. Lets start with the Company Everyone can relate to it. You have the concerns over goldman talking about going into the future, being allowed to raise capital. Then you have the note from justice to the weather and lower the price target. Worry that they will have enough cash i reached out to mary driscoll, well known realestate analyst to does not think that this is the end. Not anticipating. She said in a that they are adjusting merchandise and pricing for their core customer and have seen improvement in trend in multiple categories including difficult juniors area. One of the reasons she does not think this is the endgame she thinks it will be able to turn around the Martha Stewart debacle. Theyre getting on top of that. Samestore sales will be the key. Theyve actually managed to shrink. She is optimistic. Liz hand over fist. And it will get worse. Liz dont worry. Everything is fine. The value, should they have to liquidate is in the property, an nra levers that. Liz blackberry. That is why i am for fairfax financial. Trying to raise the money to put this potential deal together. A billion going to pension funds. Blackberry has already said theyre getting of the hardware business. As late as 2010, the dominant player. And it will go into enterprise solutions. And there are some people despite the fact that shares are now below 8 per share, they think they can afford. The take analyst says the blackberry can turn this around. A mistake was trying to go against apple. Then he said by going private and refocusing on businesses the should be a will to turn their declines around in time on the path that they were on, overmatched amount matches what he meant, but said overmatched they still have that secure software. That is going to be declining. Liz you have to be careful. No guaranteed security. With 35 minutes from the closing bell. As promised, dick bove, the famed banking analyst joining us live in exclusively to give us his thoughts. The potential gargantuan settlement. Loaded for bear and next. 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First of all, is bridge this morning jpmorgan has gotten and the department of justice which in and of itself is not unusual. Bankers have been meeting extensively. What did you find unusual about jamie dimon seen here getting into is car and leaving the brunt of justice . I think it is unusual that the picture was shown at all. From their standpoint it makes no sense to l