The "Squawk on the Street" news team reports on today's top business headlines, including the Dow hitting a new record high; the better-than-expected ADP report; and JC Penney's ongoing legal battle with Macy's to sell Martha Stewart's brand.
Bill Daley, former White House Chief of Staff, provides his perspective on negotiating a budget deal in Washington and unlocking political gridlock on Capitol Hill.
Nariman Behravesh, IHS chief economist, explains how an increase in consumer spending; improvement in the housing sector; and the looming domestic energy boom, provide an optimistic outlook on the U.S. economy. Howard Ward, GAMCO Investors, weighs in.
CNBC's Steve Liesman breaks down the latest numbers on jobs, and discusses what it indicates about the U.S. economic recovery, with Mark Zandi, Moody's Analytics.
Leon Cooperman, Omega Advisors chairman & CEO, explains why politician have to get together to figure out the "proper maximum marginal tax rate on wealthy people."
Amin Khoury, BE Aerospace co-founder, chairman & CEO, discusses how his company makes your in-flight trip more comfortable, and why he supports Ben Bernanke's policies.
"Generally speaking, leveraged buyouts are giant case of inside trading by management against their shareholders," said Leon Cooperman, Omega Advisors chairman & CEO, sharing his views on Dell's attempt to go private.
Leon Cooperman, Omega Advisors; Jeffrey Kleintop, LPL Financial; and Barry Knapp, Barclays, discuss where the big money is going and whether it's time to take some money off the table.
John Ryding, chief economist and founding partner of RDQ Economics, says struggling European countries - having no option of exchange rate policy - need to have more labor market flexibility.
Patrick Donahoe, Postmaster General & CEO of the U.S. Postal Service, explains why he is urging prompt action from Congress to allow the agency to halt Saturday mail delivery.
David Blitzer, S&P Dow Jones Indices, provides perspective on what drove the Dow to its record-breaking close, and takes a look at where the markets are head from here.
Michael Santoli, Yahoo! Finance; and Rebecca Patterson, Bessemer Trust, explain where the markets go from here, and why "a pullback wouldn't shock," Patterson at all.
Sudeep Ghai, founder of Athena Aviation, commented on the Iberia strikes saying IAG - the owner - has to go through with the transformation as the Spanish flag-carrier is one of the least productive airlines in Europe.
James Lockhart-Smith, head of Latin America at Maplecroft, says although Brazil has been slowing down, the long-term fundamentals remain good, adding beyond the BRICs there is a wider variety of growth markets today.
James Lockhart-Smith, head of Latin America at Maplecroft, says even if the opposition candidate were to win the elections in Venezuela, he would still be cautious unwinding previous nationalizations and legislation.
Japanese electronics maker Sharp signed an $111 million lifeline from Korean rival Samsung to raise much needed cash. In return, Samsung will receive a 3% stake in Sharp. The Nikkei's Sachiko Kishida has more.
Peter Shakeshaft, chairman at Vin-X, tells CNBC why he expects the fine wine investment market to continue growing as it represents a safer option than more mainstream investment opportunities.
Jonathan McMahon, partner at Mazars, tells CNBC that Britain has got most of what it wants in terms of bank capital regulation in Europe and the City of London also benefits from the single market.