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Morning six-pack: What we're reading Thursday

Martha Stewart, founder of Martha Stewart Living Omnimedia, testifies at State Supreme court in New York.
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Martha Stewart, founder of Martha Stewart Living Omnimedia, testifies at State Supreme court in New York.

Happy Thursday, which means we're one day closer to Jobs Friday. Enjoy:

This may or may not be a good thing: Martha Stewart is a goner at JCPenney, which has determined, independent of the nasty legal battle it has going with Macy's, that the domestic doyenne's designs are "not that great." As if anyone at Penney's would know.

That behind-the-curtains sage is back at it again, and now he (or maybe it's really a she) is after Larry Summers. Yes, it's the dreaded "former senior White House official," who just can't be named publicly and who absolutely believes that our man Larry could cause "severe dysfunction" at the Federal Reserve. Yeah, and your point? Anyway, nice reporting, guys.

Everyone just seems to be mad over Tesla these days. And we have to admit, the new Model S is kinda hot-looking. But is anybody buying these little electric buggies yet?

This is way, way, way more than anybody needs to know about Yahoo!'s new logo. But the urgency with which Marissa Mayer brings to the detailed explanation of how it came to be still strikes us as weirdly compelling.

Dr. Hot Tub will ride again! Nouriel Roubini, also occasionally known as Dr. Doom, vows that the Jacuzzi he had to remove from his posh East Village penthouse will be back. Somebody get the Cristal!

And, finally...we love a good contrarian view here at NetNet, and applaud Citigroup for its courage to throw itself in front of the steaming U.S. equity train. CNBC's Patti Domm explains.

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

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.