Take a look at some of Monday's midday movers:

Embraer United Technologies – Embraer received a big order for the newest version of its E-Jet planes. Skywest will be the launch customer with a firm order of 100 planes and options for another 100. Embraer has also received letters of intent to buy 265 E-Jets from others. United Technologies' Pratt & Whitney unit will provide the engines for the planes.

Medivation, Johnson & Johnson – Medivation fell sharply after Johnson & Johnson announced a deal to buy privately-held Aragon Pharmaceutical. The deal strengthens J&J's position in the prostate cancer space and puts pressure on Medivation's prostate cancer drug Xtandi.

The market chatter over the weekend was all about Federal Reserve Chairman Ben Bernanke. More specifically, sentiment centers around one question: will Bernanke try to calm the markets by pushing a more dovish position on bond-buying?

Why? Most feel that Bernanke is likely pleased with the 60 basis point or so rise in 10-year interest rates in the last six weeks: just enough to take some air out of Treasury price deflation, not enough to have everyone scream that the economy is slowing, or that 4 percent mortgage rates will crush the housing recovery.

Check out which companies are making headlines before the bell on Monday:

Smithfield Foods — Smithfield should be broken up rather than sold to a China firm, according to activist investor Starboard Value. Starboard puts Smithfield's value at 44 - $55 per share if broken up, compared to the $34 per share price offered by Shuanghui Holdings.

Netflix —Netflix has struck its largest-ever original content deal with DreamWorks Animation, which will provide over 300 hours of programming based on popular DreamWorks movie characters.

Facebook— Investors are speculating about a press event set for Thursday, with the invitation merely describing the introduction of a "big idea" that a "small team" has been working on.

The Federal Reserve is expected to fine tune its policy message when it meets in the coming week, but whether it is able to rein in volatile financial markets is another matter.

The two-day Fed meeting ends Wednesday with a statement, economic forecast and a press briefing by Fed Chairman Ben Bernanke. It also follows a rough several weeks for markets, where interest rates have risen, forcing a reassessment and shaking out of asset values across global markets.

There is a heavy economic calendar, including housing and consumer level inflation data, but the focus in financial markets is honed on what the Fed will say about its quantitative easing program and whether it will signal that it is going to start paring back on its $85 billion monthly bond purchases.

U.S. oil prices rose to the highest level since September on Friday as tensions escalated between the U.S. and Syria.

WTI oil prices climbed more than a dollar to a session high of $98.25 a barrel, a level not reached since Sept. 17, 2012. Brent crude futures were up about $1.50 a barrel, reaching a session high of $106.64 a barrel, the highest price in over two months. Oil was trading slightly off the highs at midday.

Crude oil prices have been range-bound for more than a month until Thursday afternoon when it was reported that President Obama authorized shipment of U.S. weapons to Syrian rebels for the first time. The White House said it had proof that the Syrian government used chemical weapons against rebels. Oil prices extended their gains Friday morning.

Check out which companies are making headlines before the bell on Friday:

Restoration Hardware—The company reported first quarter profit of 6 cents per share, excluding certain items, two cents above estimates. Revenues also beat consensus, as did the furniture retailer's raised forecast for the current quarter.

News Corp. — The media giant announced its chief financial officer David DeVoe will retire at the end of the fiscal year on June 30. He'll be replaced by deputy CFO John Nallen.

Smith & Wesson —The company expects fourth quarter financial results to top Street estimates on both the top and bottom lines when it reports its numbers on June 25. The gun maker pegs its preliminary Q4 earnings at 44 cents per share, four cents above estimates. It also plans to buy back up to $100 million in shares.

After years of falling interest rates, a sea change could be underway, with some investors already starting to hedge their investments in preparation for an uptick.

"We've put in a bottom in the interest rate market, and it's only going higher from here," said Adam Hewison, president and chief strategist at INO.com. "What that may do is what Ben Bernanke's been trying to do for the last few years—lure people to come in and buy."

Since the financial crisis, the Fed has taken unprecedented steps to lower rates in an effort to encourage borrowing and economic growth, pushing the federal funds target rate to a record low level of between 0 percent and 0.25 percent. But the yield on the benchmark 10-year Treasury notes has climbed since the beginning of May to above 2 percent amid signs of an improving economy and recent chatter over when the Federal Reserve will start scaling back its bond-buying program.

(Read More: Stock Funds See Day in the Sun as Bonds Suffer)

Check out which companies are making headlines after the bell Thursday:

NewsCorp - The media giant's CFO David DeVoe will retire at the end of the fiscal year following the company's split. John Nallen will succeed DeVoe. Shares were largely unchanged in extended-hours trading.

(Read More: Stocks End Up 1%, Dow Above 15000; Vix Drops 11%)

Restoration Hardware - The furniture retailer posted earnings of 6 cents a share on sales of $301 million, exceeding Wall Street expectations for 4 cents a share on revenue of $299 million. In addition, the company handed in better-than-expected current-quarter guidance, sending shares sharply higher in extended-hours trading.

Trend reversal: Yen strong, but U.S.stocks holding up midday. That's a trend reversal: U.S. stocks have moved very closely with the Yen for the past several weeks. S&P Futures did pop up on the better-than-expected jobs and May Retail sales data.

Bernanke press conference June 19th: there's only three press conferences for Bernanke left this year: June 19, September, and December.

He is likely pleased that his trial balloon on tapering has initiated such turmoil...he must be somewhat pleased some are taking risk off the table, as some markets were heading toward a bubble (Japan and the yen carry trade) and are now clearly deflating. What next: does he calm things down or does he stoke the fire?

He seems to be in a better position, at least with today's data. After all, better to have the economy recovering with some tapering, rather than economy tanking with no tapering.

The debacle in Japan: what happened? I woke up at 5:30 a.m. ET and tried to find out what happened to cause the markets there to drop six percent, and no one could give me a clear answer.

World Bank cuts global GDP growth? Maybe.

Prime Minister Abe met with the head of the Bank of Japan, Mr. Kuroda. Mr. Kuroda said nothing, essentially signalling that he has done enough for the moment.

That is likely the source of the problem. Remember when ECB head Mario Draghi made his famous comment about supporting the euro and the Eurozone: "whatever it takes," he said.

And the markets immediately calmed down.

Mr. Kuroda needs a Draghi moment--he needs to say "whatever it takes" and he hasn't--yet.

No, this is an unwind of a crowded trade (the yen carry trade) and collateral other trades. The selloff in the Nikkei was very broad--everything from tech to healthcare to consumer services.

The IPO market is improving. IPOs have a real problem: they're always playing catch up with the market. You need the wind at your back to get an IPO out, and market conditions on the day it comes out can also influence your first day of trading.

Just look at cosmetics and fragrance maker COTY (COTY), which went public today at $17.50, opened at $17.50, and promptly dropped below that price. We know this: demand was strong yesterday, in fact it was well oversubscribed.

But the IPO biz relies on those who don't get the allocation they wanted to buy on the open, and that sentiment can be very fragile--particularly on days when the markets are in turmoil...and particularly when you have the Nikkei down 6 percent overnight.

Still: it's been a good start to the year.

Offerings this year:

• 2013: 80
• 2012: 78
• Above Initial Price: 71%
• Average Price Gain: 22%

Source: IPO Scoop

Not bad, particularly with 71 percent above the initial price. And June is starting out strong: last year four deals priced in June, we've already had four this June, with the calendar filling up very quickly

Of course, it all depends on market conditions!

Market Insider bids best wishes to Lori Spechler as she leaves CNBC to start her next adventure. Lori "Spectacular," as Rick Santelli calls her, is a real pro and a good friend.

We will miss her. Have fun Lori.