cnbc's kayla tausche joins me now.he group's momentum has largely fizzled if you look at the indicators. what's the state of the movement today? >> reporter: well, they've certainly reconvened, at least for one day, richard. and by the looks of things today, familiar sights and sounds for residents and employees here in lower manhattan. the occupy wall street movement really celebrating that first birthday by turning lower manhattan into a hotbed. instead of the original zuccotti park location, they're using twitter to localize clusters of protesters all around lower manhattan instead of just in one place. what that's led to is a bevy of protests. organizers say between 70 and 100 arrests have taken place. so far, it's a day-long movement and it actually started on saturday. but they're message still isn't clear. foreclosures, bank bailouts, some pressing for the independence of puerto rico and regulating the art market. but you will see responses from both the campaigns of governor romney and president obama targeting

kayla tausche will run through the leaders next. >> and google, how long can it last while it battlesompetitors on multiple fronts. we'll talk with an executive about strategy, patent talks, and other news coming up, stay tuned. >>> plus, the in this story on president obama and house speaker boehner's warm and fuzzy relationship that went south in a hurry. the fist kal cliff sf looming large, will these two be able to mend fences and work it out. merrill lynch has been built. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> financials charging higher, and kayla tausche joins us how with the leader boards. >> you can tell what they think about bank's real about to turn profits and if the global economy sat on it's feet again. they were the most decided sector. you couple it with jobs data, soars expectations and expectations for tomorrow and that's

. >>> welcome back, let's get to kayla tausche. >> verifone is sliding on dismal earnings. they have a reported eps of 34 cents a share, they expected 97 cents a share. the next quarter they say they will be lower on revenue than many of the analyst expected. >> all right, kayla, thank you so much. so are the people with the most money also the smart 1991 those looking to put their money to work in the stock market, robert frank has those details. >> rich are still very gloomy about the direction of our country. people with $25 million or more in investment assets, only a third of them felt the economy was out of the recession. the big problem for them is washington. washington and politics top their list of concerns. only 23% said the economy is fine, and no leadership change is necessary. one bright spot here, however, was stocks. 62% of them plan to invest more in stocks this year. that is a huge number given that they have an average stock portfolio of $7 million. we don't know how much they plan to put into stocks or why, but one reason may be the need for yield. here

cnbc's kayla tausche joins us from the new york financial district there. ce, a lot of photographers and a lot of reporters, they've got a few more protesters, kayla, at this point? >> reporter: joe, i think the ratio of media and police to the protesters is probably about 1:1. the nypd ready for this, knew what to expect. they've been here before and behind me there are hundreds of policemen guarding the top of wall street, so it's about business as usual after a big protest landed here just before 8:00 this morning. you can still get into work if you need to. there's a long line to get in. after a strong police barricade here at wall and broadway, protesters moved else where, went to pine and nassau street, built what they're calling the people's wall, they stood up, made a barricade around the one-block radius of the new york stock exchange. police said if you're standing up you're eligible to be arrested. text message blast led protesters else where. now the part of the day we're getting to, 99 revolution, sit-ins, in the lobbies of corporations and bank

that is downtown new york, kayla tausche is back in lower manhattan with the wall street -- occupy wallvement. >> reporter: brian, fels like we're in a little bit of a time warp. the scene behind me feels so much like september 17, 2011. after a boit truss morning protesting all over lower manhattan, the occupy wall streeters that are here today have converged on their birthplace and even though it is relatively a celebration, there's still been a lot of arrests this morning. roughly 80 to 100 arrests have taken place due to civil disobedience like sit-ins at bank lobbies, et cetera. since the conception of the occupy wall street movement, organizers say nearly 8,000 arrests have taken place all over the world. that's quite a lot of civil disobedience if you think about it. today we're seeing more like a celebration. it is not really an angry protest. it is saying even though there's not a lot that's changed in the last year, the seeds of discontent are known. there's still a disconnect as you were saying between the middle class and that 1% that they coined here just a year ago. a twee

kay kayla tausche joins tru s us fr zuccotti park. it's dark and looks quiet. what's it like there?e expecting that it will kick off in just about an hour or so. that storm on the stock exchange expected to begin around 7:00. but zuccotti park is relatively sleepy. hard to believe that this is the place where just a year ago a small cluster of protesters against wall street and the financial crisis and against the government's bailout of all the companies here. but since that began, launching worldwide protests in 82 countries, nearly 1,000 cities. and some of them raged on. hong kong occupiers evacuated just last month even as the movement as a whole starts to lose some steam. but not taoday. today is the third days in three days of a rally that they're calling a carnival. it began on saturday with the march from washington square park here in new york city all the way down broadway to zuccotti park where it all began. as you mentioned, a dozen protests. and we're collecting a lot of activity today. roughly 1,000 to storm the stock exchange before a sit-in that's coordinated in the

. >> and kayla tausche . >> traders expect a measured, not blowout solution to be announced. meanwhile here at home it a big week for jobs today. the number of americans filing for unemployment benefits is expected to fall ahead of tomorrow's all-important jobs numbers. traders looking for a hint in president obama's speech tonight. >> thanks so much kayla tausche. >> now to france where a crowd watching a standard building demolition got a little more than they bargained for where the wind changed direction, pushing the dust toward them. spectator tateors began running for cover with their hands over their mouths and noses just trying to breathe. >> the cowboys waited all year for another shot at the new york giants and last night they got it, beating the super bowl champs, 27-14 and a stellar performance for tony romo who threw for three touchdowns and 307 yard. >> it's not the way he wanted to end his professional career but andy roddick bid an emotional good-bye to fans. holding back tears, he waved to the crowd. and his wife covered her face as she watched sadly from the

let's get back to kayla tausche at headquarters. >> we're taking a look at kraft because it's the biggestrd on the dow today. today looking at the north american grocery business. low growth and high dividend. but i don't think investors knew what that would look like. the company saying it's going to be expected eps of $2.60 a share. but also going to be single-digit growth both for income and eps. this follows the announcement yesterday about its mondelez unit. that company was supposed to be high growth but it's going to take a big restructuring hit in the near term. >> thank you very much for that. >>> want to do another market flash here. google shares worth pointing out, now above $700 a share. this is the first time they've crossed $700 since december of 2007. highest level since december of 2007. google up by 1.6%. >>> the u.s. bailout and the state of the auto industry, a hot topic in november's race for the white house. find out what the former u.s. treasury auto adviser has to say when steven rattner joins us next on the show. ♪ [ male announcer ] how could a luminous protein i

kayla tausche with news on gm. >> they tapped a new investment officer.ause it became notorious for being where the multibillion dollar london wale losses took place. he called the losses a unique incident. he said the risk will be dialled back substantially going forward. it was a $360 billion portfolio. so, now that craig has tighter reigns to hold, a $325 billion portfol portfolio. they're investing in assets with a average credit rating of aa plus. and he went on to say "our strategy is identical to what is articulated." he reiterated he wanted a borning job. a lot of people would ar if you're investing in just treasuries today -- >> we'll tease it anyway, closing bell, we should talk more about this. >> fantastic. thank you. how today's rally got a christina aguilera song in our head. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs.

kayla tausche's in new york with what's behind those particular issues. >> reporter: when bank websites go down, of course the first thought of every customer is, is my information safe? in this case, at least as far as we know, it was. bank of america's website suffered outages starting tuesday and jpmorgan chase's starting slowing yesterday. bank of america rep could not be reached for comment but jpmorgan's spokesperson was saying the fire wall wasn't breached. it was merely for them a matter of traffic but the clog could have potentially been caused by security breaches of employees. here's why. the federal bureau of investigation this week put banks and credit union on high alert after cyber criminals were stealing employees' logins and passwords to lack into accounts after hours to wire money to the banks overseas. in some cases these wire transfers were just shy of $1 million. banks are mum on whether funds have actually been stolen. it appears the inconvenience for customers logging in for now is just an inconvenience, simon. we should note that the fbi said that this problem la

kayla tausche has the latest. >> reporter: well, simon, midday here in lower manhattan, it is quieting down, thinning out and protests are spreading farther afield. a lunch time meeting brought all the protests across this area of town back to the birthplace of the movement just a couple blocks north of where i am right now. that was serving to help them regroup a little bit but now they're heading out again, some back down to water street, others over to world financial center. some also back to bowling green where there was a movement at around 11:00 a.m. with about 1,000 people. as they spread out these protests are thinning a little bit leading police to be able to arrest people a little easier. i'm told that there are roughly 100 arrests so far today and it is unclear how many more there will be. we do see the police forces also thinning out as more arrests are made and more protests wind down a little bit. but certainly a lot of momentum early on in the day for this birthday, so to speak, for the occupy wall street movement. perhaps it's most lasting impression though is the rhet

. >> kayla tausche with the latest on b of a. >>> merrill lynch, rick santelli is track being the actionw, considering what kind of week we had, just consider housing. you had a very powerful national association of home builders index at 40. existing home sales looking pretty darn powerful. seems like bottoming action is starting to take hold in housing. look what interest rates have done. granted today if you look at intraday chart, 10s just slipped down to 1.75. down a basis point on the day. open up to a one-week chart, we cloelsed last week around 1.87. we're down a dozen basis points on a week that didn't have bad fundamentals. that's interesting, kind of the post tick-up after the fed statement. there isn't a lot going on with europe right now. the biggest news in europe according to many traders i talked to was that italy yesterday talking about maybe bigger deficits, smaller gdp. i looked at the 10-year in italy. it definitely crept up a little bit today but not huge. you don't feel the anxieties. it seems as though the rate drop on 10s and indeed in bunds is more getting back t

. ♪ >>> welcome back to ""power lunc lunch"" i'm kayla tausche with comments from jamie dimon at theically's services conference, the first comments following his congressional testimony over the london well. he moved first to address the critics of big banks at the size they are now, saying breaking up a bank for near-term investors concerns is "no way to run a business" and actually noting that jpmorgan has performed better than it would have if it were broken up. die mon also going on to highlight the client efficiencies that come from having all those business lines together, especially where treasury services, capital markets, lending and investment banking are concerned. he then moved on to take the u.s. fiscal cliff, simps simpson-boles is the way to handle the tax budget but the moment in time leading up to the election doesn't have the will. moving of ton europe, he said he believes the leaders in europe when they say the euro is here to stay and that jpmorgan has identified what a "reasonable worst case scenario" would be for the bank, a hit of $3 billion p he said the wors

kayla tausche in new york. >>> to chicago, check in with rick santelli. santelli exchange. good morning to you, rick. >> good morning. i love the thursday edition of the santelli exchanges. you know, the heading for this piece is, as economies tip, anxieties rise. but we could do some substitution. as family income drops, anxieties rise. we all know that maybe money shouldn't be the center of our lives. matter of fact, i hope it isn't. unfortunately in many ways it is. whether it's the family unit or countries, magnification of issues occurs when things go bad within an economy. i guess the person that said this best in an overview fashion was actually warren buffett when he was talking about the problems at banks. he said you'll see who's swimming naked when the time recedes. there's a lot of common sense to that. when i look around the globe or i look to history, a lot of the issues, for example, in the depression really did lead to the ultimate confrontation of all the global powers. it wasn't the only reason we had world war ii. some will say it was t

kayla tausch is there with the latest. kayla. >> reporter: well, melissa, this is familiar territory for you guys and familiar for those people who are watching these protests start up in lower manhattan just a year ago. now, today the protesters at the beginning of the morning trying to storm wall street. they just tried to do a sit-in again, but the problem is the police barricades have been too strong, and so they have bean disbanding, moving elsewhere in mobile clusters. you can still hear the drumming. a lot of protesters moving down to bowling green, moving to sit in the branches of hsbc and wells fargo. also moving to chase manhattan plaza for jpmorgan chase. arrests have been taking place there. also on water street near standard & poor's. we have no estimate right now on the number of arrests, but it has been pretty frequent. the problem being that when you break up, thin out into smaller mobile clusters all around town in groups of 10, 15 to 20 in some cases, you can't really stand up to police presence as well in

thanks so much kayla tausche. >>> now to france where a crowd watching a standard building demolition got a little more than they bargained for when the wind changed direction, pushing the dust toward them. spectators quickly began running for cover with their hands over their mouths and noses just trying to breathe. not at all what they expected. >> the cowboys waited all year for another shot at the new york giants and last night they got it, beating the super bowl champs, 27-14, and a stellar performance by dallas qb tony romo who threw for three touchdowns and 307 yards. >>> and it's not the way he wanted to end his professional career but andy roddick bid an emotional good-bye to fans. after losing in the fourth round at the u.s. open on wednesday, holding back tears, he waved to the crowd. and his famous wife covered her face as she watched sadly from the stands. classy guy, he did a lot for u.s. tennis, but he does get to go home to brooklyn decker. so, there's a positive. >> always looking for the silver lining. aren't you? and you found one. >> i just said what you guys wante

. >>> before then, let's get breaking news from kayla tausche. >> hi, carl.een bae systems and airbus parent in the netherlands. and what's being explored right now is an all-stock deal, roughly 15% premium to where bae shares had been trading before this news came out. the big issue for u.s. investors is, of course, bae has a lot of operations here in the u.s. and the deal will require approval from the council for foreign investment in the united states. the plan under if current strategy is to wall off all of bae's operations here in the u.s. to allay some of these concerns. but keep in mind, the creation of a single european aerospace giant will present a lot of competition, especially to boeing and the government's going to get involved here. carl, back to you. >> that is a big deal if it happens, kayla, thanks for that, and keep us posted. >>> in the meantime, it's been five years since the first iphone was launched. the excitement has not changed a bit. >> and we are calling it iphone. today we're introducing the iphone 3g. the iphone 3gf. today we're