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chart, the high happened at the opening of trade. the s&p picking up here and is 21 points higher. some say the pledge by mario draggy is not knew, these markets rallying though, some people say for the wrong reasons, scott, because we're expecting moreuantitative easing. you had to expectation it after the fed telegraphed what it was going to do. >> and really decisive markets. so in food's closing bell exchange we have bob pisani, and rod smith. rick, you have to love the rally, but i'm not sure you would like why we're rallying today. >> you know, many viewers watch cnbc or people...

francisco. it is the apple's developers' conference under way. carl quintanilla anchoring the coverage of california. apple stock is moving smartly. last trade now up under just a full percent. what do you expect? >> apple's been holding the conference for 30 years. it started out as a way to announce new technologies for its developers but over time became a platform to announce actual products. safari, the iphone, one of the original iphones first introduced at the wwdc. a few potential announcements that could be coming from cook in the next few minutes. one, more of an integratio...

nice to have you here on wall street. the market said to close lead by the earnings of apple. of course, the federal reserve in focus. the fed moved to raise the economic outlook for the year and after he seemed to suggest that qe 3 is not entirely off the table. coming up, one top strategist says that more easing would be bad for the market. we will talk earnings with the ceo and right from the source, he has an enormous amount of business. john harwood's exclusive coming to us with timothy geithner. join us for those two big interviews. meanwhile, the dow jones industrial finishing...

on this form has always been true in america, though each of us comes from very different backgrounds, though each of us has chosen to walk a differen path in life, we're united by one great overwhelming passion. we love america. we believe in america. today we're united not only by our faith and belief in america, we're also united by our concern for america. this country we love is in peril, and that, my friends, is one reason why we're here today. a few years ago americans did something quite american in a nature, the sort of thing we like to do. we gave someone new a chance to le...