White House Meeting with Tech Giants
ROMANS: It's "Money Time", everybody, and a little music to go with it. Rock stars are headed to the White House today to meet with the president. Tech rock stars, not real rock stars.</s>BERMAN: Not John Oates?</s>ROMANS: President Obama -- no, no, no. Or Daryl Hall. Look, the president needs some pointers on how to fix this health care Web site. Also beefing up cyber security for America's technology infrastructure. All things are things that Apple CEO Tim Cook, Yahoo's CEO Marissa Mayer, Facebook's chief operating officer Sheryl Sandberg, have, you know, important insight into. Also on the agenda today, ways the government can partner with tech companies to create some jobs. So that's the big event at the White House with those rock stars. Tech rock stars. Big gains in stocks yesterday. A rock star day there. After posting the biggest drop since August last week, the Dow Industrial is surging 130 points. Really great day yesterday. Fed, Fed, Fed, Fed, Fed, this is the big story and it really matters to you. This is the second to last Fed meeting for Ben Bernanke. And you know there have been these fears that he might announce tomorrow that he is trimming the stimulus that's kept interest rates so low and kept the market so juiced but Citigroup Fed watcher Bob DiClemente says history shows the Fed doesn't like to begin pulling back the punch bowl in December. In fact over the past 40 years, it simply hasn't happened that they do that in the end of the year. And a well-stocked punch bowl, a well spiked punch bowl also called an accommodating Fed has put us right where we are today. Look at this. For the year the Dow is up 21 percent, the Nasdaq up 33 percent and the S&P; is up 25 percent.</s>BERMAN: That's good punch.</s>ROMANS: That is good. That tastes oh so good. I don't know what the hangover is going to feel like, but right now that ride is good.</s>BERMAN: How long can you keep this metaphor going?</s>ROMANS: I'm going to keep it going hopefully for a few more months. Now while there was plenty of buying on Wall Street Michael Jordan's Chicago dream home didn't even attract the minimum bid. Remember we told you about his house, this 56,000 square foot house? It failed to sell at auction Monday after lingering on the market for nearly two years. It even comes with a full-sized NBA regulation indoor basketball court. Who doesn't want a big 23 on your gate? Except if you're number isn't 23. Look. No one offered here. The minimum I think was $13 million. Do a little megamath. The Mega Millions jackpot owner could get this. You know, if you won $600 million by tonight, you could buy 46 Michael Jordan houses.</s>BERMAN: Wow.</s>ROMANS: Or just one and put the rest of the money in the bank.</s>BERMAN: It's a good idea. I like that idea. $13 million, no one wants that house for $13 million?</s>ROMANS: It's a very big house. It's -- I mean, it's a very unique property.</s>BERMAN: It's sad for Michael Jordan. Fifty-four minutes after the hour. Coming up, a college campus evacuated. The bomb squad called in. What happened next? That's coming up after the break.