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Morning six-pack: What we're reading Tuesday

Tuesday, 3 Sep 2013 | 8:49 AM ET
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Happy Tuesday-though-it-feels-like-a-Monday. Face it, summer's over. Deal.

Because he would know: Former Clinton Secretary of Labor Robert Reich and present-day lefty agitator Robert Reich is sure that McDonald's and Wal-Mart can pay their workers $15 an hour and respectively not have to charge 10 bucks for a Happy Meal or lay off anybody in the garden center. Because he would know.

If you're looking at it from Microsoft's side of the street, its $7.2 billion acquisition of Nokia's handset business might have been at least a little bit of a head-scratcher. But from Nokia's perspective, it made all the sense in the world, particularly for these four reasons.

You just have to love those wild and crazy hedge fund guys. Just when Bill Ackman at Pershing Square Capital got out of J.C. Penney, Kyle Bass and Hayman Capital got in. A regulatory filing shows Hayman has a 5.2 percent slice of the troubled retailer.

Our ears always perk up when we hear someone talk about the Hindenburg Omen, the set of technical signals that is supposed to tell us when the market is going to crash. As we know, it only occasionally works and has had a pretty spotty record lately. Regardless, there's a case to be made that no fiery zeppelin should matter to long-term investors.

Today's Fed sweepstakes update: Janet Yellen is really the safer choice to succeed Ben Bernanke as chairman, according to The Economist. Yeah, guys, we get it. But what fun would that be?

And, finally ... While the dramatic increase in part-time jobs is alarming, what really stands out is how many older folks are being pushed into these positions. CNBC.com's Mark Koba explains.

By CNBC's Jeff Cox. Follow him @JeffCoxCNBCcom on Twitter.

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