. >>> in other results, coach, cvs, electronic arts and anadarko petroleum all climbed after postingts that topped wall street's expectations. one notable exception, whole foods, which fell more than 8% after delivering disappointing quarterly results. barnes & noble shares skyrocketed 19% after the country's number one book chain put itself up for sale with the company currently losing in the battle for the digital book market. shares of industry giant amazon.com out front in the digital book battle with its kindle electronic reader rose more than 4%. overseas, toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier, enjoying a global sales recovery, despite recalls and lingering doubts about its car safety. goldman sachs rose over 2% after cnbc reported soon the wall street firm will spin off its proprietary trading business in compliance with the financial reform package signed into law last month. and speaking of cnbc, congratulations to our cnbc colleague, maria bartiromo, who rang the new york stock exchange bell yesterday to mark 15 years to t

i'm here for anadarko and moex offshore. i would like to turn your attention back to the 2003 letter from the mms that we started with this morning. i know that you said that he was said to responsibilities in shallow water, but what i would like to do is explore some of the topics in this letter, and ask whether or not these general principles would still applaud in deep water, in fact maybe even more so given the unique challenges that we face in deepwater drilling. fair enough? >> sure. >> all right. in the second paragraph of the letter, the mms talked -- >> there are two letters, which letters the? the letter of september 23, 2003, the pink one right on top there. >> okay. >> in the second paragraph near the end, the mms talks about the fact that there had been a deviation from the permitted plan submitted to the mms in this 2002 set of incidents. would you agree with me that one lesson learned from this come if bp didn't already know it, was that you don't want to deviate from the permitted plan that's been approved by

shares of transocean, anadarko, nearly every exploration or drilling service provider moving higher-- except b-p, which was down 1.5%. and that's tonight's "market focus." >> jeff: we've heard the terms "weak economy" and "double-dip recession" a lot lately, but the stock market is still holding its own this year, with the dow up 9% from the july lows. so, what's going on? to try and answer that question, we turn to tonight's "street critique" guest, michael farr. he's president of the money management firm farr, miller and washington, and author of "a million is not enough." michael, welcome back to n.b.r. michael, welcome back to n.b.r. >> thank you, jeff, great to be here. >> jeff: why are we seeing the market move higher here? >> earnings season has been pretty good. earnings have come in high, but they were expected to come in strong, given weaker comps in 2009. that's been good. but now with this talk of double dips, sort of a recession. and even perhaps deflation out of the fed governor, people are thinking that the government is going to start to put more cash in the market. q

among the drillers, anadarko petroleum was the best performer in the s&p energy sector. rising oil prices also helped exxon mobil. the company recently topped off its stock repurchasing program, $3 billion for the third quarter. two of the biggest names on the dow-- g.e. and intel-- are forming a joint-venture health care firm. both firms saw gains today. the new company will look at how the elderly and others manage and live with chronic disease. the venture will combine g.e.'s home health division and intel's digital health group. today, alcoa led the s&p materials sector higher. alcoa completed the buyout of traco, a maker of windows for commercial buildings. on the nasdaq, guess what company is now the top seller of mobile phone operating systems? according to research firm canalys, it wasn't apple. it was google and its free android operating system. both stocks getting a lift today. and what about research in motion? saudi arabia and united arab emirates see the blackberry as a national-security threat, and want to suspend blackberry service later this year. closer

. >>> meanwhile, anadarko surge on word that western gas is buying some of its colorado pipeline assets for nearly $500 million. >>> drugmaker sanofi-aventis is reportedly in pursuit of biotech company genzyme. an $18 billion bid is said to be on the table. >>> in the wake of the nation's widespread mortgage meltdown, countrywide financial has agreed to pay $600 million in class-action lawsuits. >>> amazon's price cuts for its kindle e-reader are apparently paying off. the online retailer says it sold out of two new models priced at under $200. >>> and, finally, think social networking is just a fad? think again. the latest nielsen survey found americans spend one-third of their time online tweeting, facebooking, and watching clips on youtube, and it's not just for kids. it turns out twice as many americans over 50 visited social networking sites this year than kids under 18. >>> well, a-rod gets another shot at a baseball milestone, and some rookie hazing in the nfl. >>> plus, a trick shot you have to see to believe. your early morning sports headlines are straight ahead. >>> well, you

. >> anadarko? >> no questions. haliburton? >> no questions. are there any questions we did not ask, or additional intermission you would like to provide? >> i like to thank you for giving me this opportunity to speak. is there a long road. we're getting through. i have been watching the progress. i want to say thank you, very much >> yes, ma'am. thank you for being here. you are dismissed. thank you. you are reminded you are still under oath. >> mr. died, i have one follow- up question. -- mr. guy, i have one follow- up question, in mark -- regarding the circulating casing run. the decision was made not to circulate complete bottoms up. what was the reasoning for that? >> we were actually drilling the well. we cat to a gap of 18,000 to leaded 60 feet, and it appeared it was worn out. we circulated bottoms up a couple of times. we got out of the cutting out. we got out of the cutting out. what we routinely do, once we get that out, the ecd is lower, so we add some but wait so that it is equal. when we did that, everything was fine, and then, al

. >> anadarko? >> no questions. haliburton? >> no questions.are there any questions we did not ask, or additional intermission you would like to provide? >> i like to thank you for giving me this opportunity to speak. is there a long road. we're getting through. i have been watching the progress. i want to say thank you, very much >> yes, ma'am. thank you for being here. you are dismissed. thank you. you are reminded you are still under oath. >> mr. died, i have one follow- up question. -- mr. guy, i have one follow- up question, in mark -- regarding the circulating casing run. the decision was made not to circulate complete bottoms up. what was the reasoning for that? >> we were actually drilling the well. we cat to a gap of 18,000 to leaded 60 feet, and it appeared it was worn out. we circulated bottoms up a couple of times. we got out of the cutting out. we got out of the cutting out. what we routinely do, once we get that out, the ecd is lower, so we add some but wait so that it is equal. when we did that, everything was fine, and then, all

i'm here for anadarko and moex offshore. i would like to turn your attention back to the 2003 letter from the mms that we started with this morning. i know that you said that he was said to responsibilities in shallow water, but what i would like to do is explore some of the topics in this letter, and ask whether or not these general princies would still applaud in deep water, in fact maybe even more so given the unique challenges that we face in deepwater drilling. fair enough? >> sure. >> all right. in the send paragraph of the letter, the mms talked -- >> there are two letters, which letters the? the letter of september 23, 2003, the pink one right on top there. >> okay. >> in the second paragraph near the end, the mms talks about the fact that there had been a deviation from the permitted plan submitt to the mms in this 2002 set of incidents. would you agree with me that one lesson learned from this come if didn't already know it, was that youdon't want to deviate from the permitted plan that's been approved by the mms,

anadarko/moex? >> mr. skidmore, my name is ky kirby, and i represent anadarko and moex offshore. i hear you say that you have not been responsible or the lead in setting lockdown sleeves, but you've seen many of them done; right? >> i've been around, i've been around the work areas. >> all right. how many have you been around for? >> well, i couldn't tell you. >> rough guess? >> no, ma'am. i'm not going to guess with it, because i haven't been responsible as it being my job to see that this is done until this time right here, where i only had one thing to do when i went out there with them. >> i understand. have you been around to see others take responsibility for more than ten? >> i've been, i've been around job operations where this was being done, but i would not be directly involved in it. >> ok. so you've been around? >> yes, ma'am. >> others have been responsible, right? >> yes. >> so how many times do you think you've been around for that when it was somebody else's job? >> well, you want me to just grab a number out of my hat and pull it out -- >> well, i don't want you

anadarko/moex? >> mr. skidmore, my name is ky kirby, and i represent anadarko and moex offshore. i hear you say that you have not been responsible or the lead in setting lockdown sleeves, but you've seen many of them done; right? >> i've been around, i've been around the work areas. >> all right. how many have you been around for? >> well, i couldn't tell you. >> rough guess? >> no, ma'am. i'm not going to guess with it, because i haven't been responsible as it being my job to see that this is done until this time right here, where i only had one thing to do when i went out there with them. >> i understand. have you been around to see others take responsibility for more than ten? >> i've been, i've been around job operations where this was being done, but i would not be directly involved in it. >> ok. so you've been around? >> yes, ma'am. >> others have been responsible, right? >> yes. >> so how many times do you think you've been around for that when it was somebody else's job? >> well, you want me to just grab a number out of my hat and pull it out -- >> well, i don't want you

. >> anadarko offshore. >> no questions. >> no questions. >> weatherford? >> no questions. >> is there any additional information you like to provide? >> i would like to thank you for letting me speak on behalf of shane and it has been a long road. i just want to thank you. >> thank you for being here, you are dismissed. >> thank you. >> it just to remind you, you are under oath. we have some follow-up questions for you. >> i have one follow-up question regarding the circulating bottoms up on the casing run. when they landed the long string of casing, the decision was made not to circulate complete bottoms up. what was the reasoning for that? >> we were actually drilling the well and got to a depth of 18,000 to a record 60 feet. -- we got to add depth of 18,260 feet. we circulated up, getting all of the cuttings up and what we routinely do is once we get the cuttings out, the ecd is a lord and we add a little bit of mud to replace that so when the static weight is equal -- when we did that, we just lost complete returns. the biggest risk associated with thi