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Me just now. We are going to be closing up more than 200 points. Margie from Wells Fargo Funds Management joins us, so does michael from destination Wealth Management and joe greco will be with us in a few moments here. Rick santelli is staying late as well with this rally here. Ready to go, joe . Yes. What do you make of the rally . I guess when republicans want to peek past what is involved besides a tax increase, that signals a compromise. So, the markets say, hey, maybe theyll work things out in washington. The unfortunate thing is this lift today will be met with more selling as we get closer to the holiday and the long weekend. This is not a new phase here you can look at volume, behavior of the trading and it looks like well have a little more of a lift. Weve broken through a level that held nicely. Started to lift onto the tail end of the day. I think ....
Right now and thats what the markets rallying on at the moment. Pore sure. Were focused on reopening of the government. Market continuing to see flows into stocks. Take a look at investors cannot take this weekend off. What happens at the white house between president s and republicans could determine what happens when that bell rings monday morning. If the deal goes sideways, so could this market. Well be talking with republican buck mckeon, who was in the room with the president when the talks began in earnest. Jpmorgan, they take a loss. Ceo jamie dimon not at a loss for words. Billions in litigation fees and legal problems swinging his bank to that loss for the quarter. Hes now speaking out, suggesting the government is not being reasonable or fair. Well have more on this still developing story coming up on todays closing bell. Lets check the stock market as we approach the final stretch for the week. Dow jones industrial average shy of the high of the day with a gain of 8 5 85 poi ....
All right. The former director of the cia, former secretary of defense leon panetta has a new book coming out he a bless terring interview today in which he was quoted as saying that the president has kind of lost his way. I think he said a lot worse than that and from what i understand the book is worse than that he has no confidence. Which in all fairness is very disloyal a at the same time he is telling it the truth. If im on obama side, which i dont happen to be. There is great disloyalty in that statement. He was trying to to be honest and probably telling the truth. Why has the president lost his way or whats the problem with his presidency . There is no trust in our government. There is no trust in our decisionmaking aspects of government. You look at whats going won isis. How long thats been brewing. That didnt just happen. Enough to they are saying you need the boots on the ground. You need here we go again. We have been doing it for 15 years and now we are supposed to go back ....