aflac. we've got you under our wing. aflac, aflac, aflac... aflac, aflac, aflac because with national, i roll past the counter... and choose any car in the aisle. choosing your own car? now, that's a good call. go national. go like a pro. >>> the market has chosen to say, look, the economy is strong, inflation not a threat and the fed seems to be on our side, so we'll go further. >> i think we're in that churning period and we'll continue to be for several years to come. i think it will take a while to work out. >> yes, we are looking back one year. and two years ago today, the market hit an all-time high, dow at 14,000 and change. one year ago, we were looking at a pretty tough time for the economy. one sector that will really set the tone for earnings season for the next quarter, and the next year, will be the big banks. many of them reporting results next week. bertha coombs with the preview. >> you know, we're expecting to see bank earnings come in next week. beyond the numbers, though, there's going to be a lot of questions. not just abou

aflac. we've got you under our wing. aflac, aflac, aflac... aflac, aflac, aflac ( inspiring music playing ) someday, the driver will get to choose how efficient or powerful their car will be. the first ever hs hybrid. only from lexus. the most fuel-efficient of all luxury vehicles. zblrjts stocks we're keeps an eye on. brocade communications higher today by more than 15%. now at $8.86. company is putting itself up for sale. one of the rumored suitors is hewlett-packard. the talk is that hue let looking for an enterprise company. brocade might fill that hole. hewlett is up. >>> russia as overtaken saudi arabia as the world's biggest oil producer. that news is out today. plus a big call from deutsche bank's oil analyst, forecasting 175 bucks for crowd by 2016. paul joining us live from new york. >> thanks for having me again. >> let's start, obviously your call is incredibly interesting given the price point that you have by 2016. but tell us about the significance of this -- this move by russia overtaking saudi arabia. what kind of long-term im

aflac. we've got you under our wing. aflac, aflac, aflac...flac, aflac, aflac >>> now the answer to today's aflac trivia question. the screen plays for how many of the 71 best picture academy award winners in the 20th century with based on novels? the answer, 30. >>> welcome back. the resignation of ken lewis came the same day the oversight hearing eventually postponed. joining us ranking member of oversight reform committee, representative daryl isa. >> good morning. >> what happens to your hearing now? >> it will go forward with the designated person likely to be taking ken's place. you know, it's clear congress has tend to look outward. we look at people there making decisions, the gladiators in the ring, if you will, and never looking at congress, his own actions and government action that led to the reason for these bailout purchases and the like. >> congressman, i watched i think the first hearing with ken lewis and i was a little confused as to what exactly the charge was against ken lewis that was coming from congress. i'm good for a c

aflac. we've got you under our wing. aflac, aflac, aflac...ac >>> now the answer to today's aflac trivia question. what is the most popular name given to boats registered in the united states? the answer, the odyssey followed closely by serenity. >> welcome back to "squawk." futures looking good after a decent morning in asia except for the nikkei, doing fairly well after that lousy jobs number friday. we'll see what happens later on today. the government overseeing t.a.r.p. wanted to know if they exaggerated the help needed. the banks were healthier. the t.a.r.p. inspector general argues the government and its bailout lost public credibility when the financial crisis deepened. he'll be our special guest this morning later on at 8:10 a.m. eastern time. >> treasury auction so-called dollars in tips, those are designed to protect investors against inflation. mike joins us. thank you for being here. for people who aren't familiar with tips, treasuries inflation protected. we've seen a lot of money rushing into this, $17 billion this year up from

aflac. we've got you under our wing. aflac, aflac, aflac...aflac, aflac >>> closely followed financial analyst says credit is still contracting for small businesses. in an op-ed piece in the journal she argues the government needs to provide support. expects $1.5 trillion of credit card lines removed from the system by next year. 82% of small businesses do use credit cards as a significant portion of their overall. >>> earnings kicks off next week. joining us to talk about it, michael thompson, longtime friend of the show. market credit and risk strategies. welcome back. >> great to be back. >> the thinking is then once we got past the lehman anniversary, comps will be easier. probably too early to expect q4 to reflect that. q4 will reflect it. it's will be a huge growth number. q4 expected to come in at 330% growth for s&p. >> i'm referring to earnings in the third quarter for q3. >> perhaps. let's take a look at where we are, carl. right now q3 earnings we're looking probably for an 18% loss if you look at cap iq estimate. extract out financ

i'd rather see aflac for disability, metlife, yes, even metlife. that's too risky for me. i'm staying away. let's end with tom in washington. tom. >> caller: hello, jim. this is tom simpson calling with a lilac colored boo-yah from spokane, washington. >> gonzaga is in the football pool. it's already created. they go all the way, i'm telling you. how about a stock. >> caller: the stock. i'm calling you with a precious question. should i buy more, hold or sell my shares in heckla mining, hl. >> it's not apples to apples. i don't like it. coal is on fire. there's no reason to sell that, whatsoever. our previous caller wanted to know whether they could play a role in this show. may i suggest that you check out tonight's trivia question and stick with cramer. tonight, we are heading to brazil. brazil is ultra, ultra hot. it's steaming. the sexiest thing out of brazil is not gazelle. we like brazil and we like -- >> i'm a little conflicted as to whether to say hi or boo-yah. >> the latter is better. boo-yah from boca raton. >> i have a halloween boo-yah. >> very scary. >> boo-y

gretchen: aflac trivia question of the day. >> oh that microsoft. they have blocked access to thousands of hotmail accounts after learning that hackers had accessed user names and password information and posted them online. what's that about. microsoft is investigating the security problem but advising hotmail users to change their password every 90 days okay your bra save new a terrorist attack. dr. alayna bodener thinks. so she was awarded a nobel prize of sorts at the 19th annual tribute to sign tisk research. renobel lawyer yes, sir handed out prizes to research that may on the surface seem goofy but others argue is surprisingly practical. the event at harvard is sponsored by a scientific humor magazine. now back over to brian, gretch, and the norwegian of the year. gretchen: we will talk about that in the minute. the obama administration hailed the cash for clunkers program hailed success $3 billion spent in the month boosted car sales. new studies revealed the true cost of the program and it isn't pretty. brian: back with karl rove the politi