i'm karina huber in new york. >> now, speaking of it, many americans have a dim view of it.hose are the ruts of a telephone poll of 1,007 americans. only 3% said they trust wall street a great deal to do what's best for the u.s. economy. while more than half said they don't trust wall street at all. a whopping 80% said they think wall street bankers are greedy and just 24% said they think wall street is community minded. americans did give wall street very high marks for being intelligent but while americans seem upset with wall street they're deeply divided about the occupy wall street protests. the greatest number of people say they lpts suaren't sure wha think about them. >>> now, those occupy wall street protests have been similar to different movements. maggie lake says they carry a message with other common protests. >> there is a democracy deficit right now in many countries. on the one hand democracy is growing in places like egypt, they've had democratic revolutions but there is a feeling that democracy is not functioning properly. when governments continue to do th

next, karina huber live at the new york stock exchange. i know we're hearing a possible end to surprises over the size of your cell phone bill. how so? >> right, brooke. the fcc is moving to end what it calls bill shock. that's when with you open your cell phone bill and see a number that is so large your eyes almost popt. essentially, they'resaying that st pgete $100 in overcharges, but one person even got a $68,000 charge for going over. don't quite know what happened there, but they're saying that parents often find this happens with kids. that's a little worrisome. starting next year essentially wireless companies have to send you an alert, via voice mail or text, and it will tell you when you're close to your limit. it will send you an alert when you go over. this will be free and automatic unless you opt out. >> let me ask you about those iphone 4s sales. i was at a store over the weekend to replace an iphone and they were all sold out. >> well, yeah. these are a very, very hot device. despite the lackluster reviews, essentially sold

karina huber is here to break down the numbers for us.he job situation in north carolina is not a really good situation for the president in what he's facing. >> reporter: not at all, susan. north carolina is one of the hardest-hit states. number six looking nationwide with the unemployment rate of 10.4% in august compared to the national average of 9.1%. you can see how dire the situation there is. and unfortunately the situation has been getting worse lately. currently half a million people are out of work right now. one big issue is that north carolina is a big migration state, so a lot of you are coming to the state, moving in there and there's been a 20% jump in the population over the past ten years. the problem is all these people are moving there with not enough jobs to go around. >> and is north carolina unique in that way? >> reporter: well, yes and no. like most states, north carolina has major industries that were really hit hard during the recession, notably mining and logging, construction and manufacturing. the slow down is

karina huber live at the new york stock exchange. we're 60 minutes away from the closing bell. how are the numbers? >> they're looking great, brooke. the dow is p up by 263 points, a gain of about 2.3%. nothing happening in the u.s. that's driving the markets. it's all about europe. investors showing confidence in that pledge by french and german leaders to back european banks. of course the european banks are intertwined to the u.s. banks so the rally is because of banks. stocks are not the only things glittering. oil, gold and silver prices are rallying for the same reason. >>> let's talk netflix. it's got everybody all atwitter last month when they made that announcement. i guess this is the whole about-face? what's the story with netflix today? >> all right. well, qwikster, which would have been a catchy name, but across not one we're going to add to our lexicon anytime soon. just three weeks after netflix was going to split its service says never mind. it says it will not split the service or change the name of the dvd by mail service to qwikster. instead, it's sticking wi

karina huber live in new york. na, these workers are about to pay more when it comes to insurance, right? >> that's right, martin. eye new study finds that nearly 40% of employers will penalize their workers next year if they are obese or if they smoke. that's a big jump from back in 2009 when it was 9%. at the moment, some state workers already pay more like in south carolina and georgia, but some of the private employers like walmart, the nation's largest private lawyer, will charge tobacco users higher premiums next year, but they'll operate on the honor system and not test specifically if you have nicotine in your blood. other companies use medical screenings. >> and what is behind all of this? >> well, of course this is about rising health care costs. they are soaring. and not only for workers, in most cases it's actually employers who actually pay more than we do. a kaiser family foundation study found next year it will cost an extra $1,300 for family insurance. essentially employers are trying to get you to m

karina huber has our wrap-up. >> reporter: a big rally to kick off the week on wall street.ews that german and french leaders reached a plan to solve the european debt crisis by the end of the month helped stocks surge. financial shares let the rally with most of the major banks closing higher by 6% or more. investors are hopeful a concrete plan will deal away with the uncertainty plaguing the market. the dow rose to 11,433. the nasdaq and s&p 500 each added 3.5%. and netflix shares closed lower by almost 5% after spiking earlier in the session. the company announced a plan it is dropping a plan for its dvd by mail service while price hikes will remain in effect. last month netflix said it would put its dvd mail service under the qwikster name. alcoa is slated to post its quarterly results after the close. the company's release is seen as the unofficial kickoff of corporate earnings season. that's the day on wall street. >>> as karina said, it is the beginning of earnings season in the u.s. alcoa traditionally kicks off the event. its quarterly results coming after the close

i'm karina huber on wall street. >>> new york state's comptroller expects 10,000 jobs are likely to vanish by the end of 2012, largely thanks to a sluggish u.s. economy and also substantial regulatory changes. wall street lost more than 4,000 jobs between april and august of this year. the comptroller says that job losses are likely to continue from here on. stock prices for wall street banks fell on trading in tuesday's session, andrew. >> interesting, isn't it. job loss announcements come as the obama bill while trying to new jobs gets squashed in the u.s. congress. >>> well, it is all about jobs. democratic party senators in the u.s. say that jobs are the heart of their bill to punish china for maintaining what they say is an undervalued currency. but on a state visit to china, the russian prime minister, vladimir putin, lashed out at the u.s. for what he sees as its own currency transgressions. mr. putin is on the second day of his two-day trip to beijing, and his visit is being closely scrutinized as russia appears to be forging closer ties. let's go live to beijing. just before we ge

karina huber is live at the new york stock exchange. karina, let's start with walmart.'s start with the world's largest retailer. the deal is they'll be offering a program over the holidays, how it works is if you buy something at walmart, then you find that same item somewhere else for cheaper, bring in the receipt and ad from the competitor and walmart will give you gift card for the difference. it's not a cash refund but store credit, which is a smart move. say the difference is $5, $10, we usually spend more of the value of the gift card so they could boost sale that's way. overall, brooke, this move just illustrates the kind of competition retailers are going to be facing over the holiday season to track consumers who are struggling with high levels of unemployment. >> given the competition, it makes me think, ong, if walmart is doing it, might others fol w follow? >> well, the truth is many are already offering price matching and some deals are better than walmart. if you look at best buy, they have price match, beth bath and beyond zrnt a limit on the time frame.

. >>> let's get straight to karina huber at the new york stock exchange. this talk it that the home prices could now be headed for a triple dip? >> right. what this means is that home prices could fall to a new low since the collapse of the housing market. you know, prices have fallen twice so far since then, and now here's the bad news. a financial analytics company says it expects home prices to fall once again by 3.6% by june of next year. now, that would puts prices at 35% below their peak hit in 200 civil. if you look at this chart, you can see the two big price drops, the first around 2007. that was due to the subprime crisis and reception. if you look at the second big price drop, that happened last year. that was due to the expiration of the home buyer tax credit which had artificially propped up the housing market. then of course we had the robe assigning scandal so prices went p up again. now banks have largely dealt with the scandal, foreclosures on the rise again so that, along with high unemployment, is causing the dire outlook. it it could be

. >> karina huber, thank you so much. >>> "cnn newsroom" continues right now with joe johns who's in for randi kaye. >>> high stakes, long odds. huge money. every word, every decision, a crap shoot. vegas is the place but the game, at least for the next 13 months, is politics. we're counting down to the latest showdown among the leading republican candidates for president. that's at 8:00 p.m. tomorrow on the las vegas strip. a debate co-sponsored by cnn and the western republican leadership conference. and one thing we already know -- one candidate is on a roll. his name is herman cain. brand-new cnn/orc poll shows cain in a dead heat with mitt romney at the top of the gop field and cain's gain is rick perry's loss. the texas governor now a distant third. if you don't believe fortunes change in a heartbeat, take a look at this. just a month ago perry was riding high and cain polled a mere 9%. want to bring in my comrade in politics, paul stein houser, the venetian hotel at casino. hey, paul, can herman cain take these numbers to the bank or should we expect, you know, a bounce-back?

i want to check in with karina huber it at the new york stock exchange. we expect in the following months? >> well, suzanne, let's just start by talking about how great a month it has been because, had you invested in an index fund at the begin being of october, one that tracks the s&p, the nasdaq or dow, you would have gained between 12% and 14%. that is it a very nice return for the month of october, particularly heartening to see after we had such a dismal august and september when the markets were weighed down by that credit downgrade and europe problems. as far as going forward, what does this mean? of course we'd like to have a crystal ball in moments like this. we've spoeken to some of those geeks, those who track stocks. they say this year is looking like a normal year and that means that november and december we should see gains, traditionally which is very good for wall street. so we expect nice gains again and hopefully we'll end in positive territory for the year. that's because we're seeing a better growth in the u.s. than expected and corpor

karina huber standing by at the new york stock exchange to give us this story. first of all, if the recession is over, why do we think that pay is still being held down? >> reporter: well, suzanne, the main factor here, of course, is unemployment. while the unemployment rate has fallen to 9.1% since the recession, the number of americans who are no longer a part of the labor force, those who are so discouraged by the situation they're not even looking for work, that number has increased. those who do have a job, their wages are not being increased. companies don't have to pay them more because there's so much competition out there. the medium income has fallen by since the recession ended. >> how much of a drop are we actually talking about here? >> reporter: well, according to the research, which comes from the center research put together by two former employees of the census bureau, the drop during the recession, so from december 2007 to june 2009, was 3.2%. since then we've seen a 6.7% drop, so that means the job drop is more than double. officially the rece