andrew ross sorkin, thanks for waking up a little bit early for us. we appreciate it. >>> apple's stock closed on wednesday at an astounding $378.25 a share. up 31% from this time last year. jobs owned about 5.5 million shares. i'll let you do the math on that how will the company do in the post-jobs era that begins this morning? cnbc's becky meehan is live in london with more. >> good morning. the thing to remember about the stock price reaction is that steve jobs already announced he was stepping down from leaving the company back the end of august. we saw the stock price reaction then. and at that point, the debate really heated up about what apple will look like in the post steve jobs era. of course with his passing, those questions have come to the fore once again. it's unlikely we'll see stock price reaction today in the same we we did when he announced he was stepping down from the leadership of the business. but the question tushs to the longer-term. what will apple look like longer-term and how will they go with the leadership structure in th

hears journalism of a different type the wall street darlings we can call that example what andrew ross sorkin the new york times' financial columnist who specializes in wall street coverage and graces the television screens on c n b c every morning finally decided that it was worth it for him to walk down to zuccotti park and check out the protest but guess why and he's calling he wrote i've gone down to his garden cart to see the activist movement first hand after getting a call from the chief executive of a major bank last week so we're just doing the bidding of bank executives now are we andrew but even worse may be example number two that would be erin burnett a former c.s.u. star who just launched a grand new show on c.n.n. she have this to say about the protesters during her segment called seriously. this by what you heard here's what i saw it's not just a bunch of dancing hippies protesting there are all kinds of people there babies teachers cheerleaders uncle sam and. that seriously it's a mixed bag but they were happy to take some time from their books banjos bongos sports drinks cat

andrew ross sorkin thank you very much. anger at washington. now anger at corporate america. "the daily rundown" will be back in 30 seconds. >>> all right. we got some breaking news right here at the top before i tell you what's driving the day. governor chris christie's office has announced a 1:00 press conference in trenton, new jersey. i imagine that we will finally hear an answer then. so 1:00 today, chris christie having a press conference where he's likely to answer the question for one final time, yes or no on a presidential bid. >>> all right. a few other headlines driving the day. president obama heads to texas today to continue his jobs plan sales pitch. house republicans say they will vote on parts of the president's plan but do not plan a vote on the entire bill. the house will vote today on an emergency spending bill to fund the government for six weeks. the measure is expected to pass, be sent to the president before the midnight deadline. what's interesting here, actually the president lands right around midnight tonight. he may have to sign that bill before he

andrew ross sorkin. thank you, sir.own" will be back in 30 seconds. >>> just in case you missed it, we have to show you the final play from last night's world series game between the cardinals and rangers started to be called the best game of all time. they tied it again in the tenth and won it in the 11th in the first walk-off home run since joe carter and the toronto blue jays in '92. game seven is tonight. see? you don't need a new york team or a philly team to make the world series interesting. go cardinals and go old washington center. >>> anyway, it's only october, but it sure feels like winter parts of the northeast this morning. portions of new england and the mid atlantic are bracing for a significant snowstorm this weekend. nbc meteorologist bill karins is here with a full-fledged nor'easter? is that what we're calling this? >> once it gets up to new england, yes, it will feel like a nor'easter. if you're up in cape cod or coastal maine or new hampshire. this storm is located down over tennessee. just light ra

. >> andrew ross sorkin. we will be watching what that does to the markets and everything else. you, sir. "daily rundown" will be back in 30 seconds. >>> back to the breaking news. moamar khaddafy, libya's long time dictator who was thrown from power earlier this year has reportedly been killed, not just captured. nbc's newest foreign kor spon dep -- correspondent. aman, nato in the bombing of a convoy killed him or the libyan transitional forces. >> that's right, chuck. in fact i just spoke with some people involved in that, the military council. in fact, they themselves don't have a clear answer. one of the sources i was speaking to was telling me about a convoy of 35 cars was trying to make its way out of sirte. among those vehicles was about a five car convoy that was heavily armed. that certainly caught the attention of the rebel fighters that have surrounded sirte the last several weeks and that made them engage the convoy. what does seem a little bit conflicting is what role did nato have. did the forces on the ground engage them and that's what led ultimately to the kill

cnbc's andrew ross sorkin joins us now with the market rundown. andrew? thanks so much.t a little bit of a higher opening on some news. mostly good news on durable good orders that came out today, and a sense that there's a plan in europe, not necessarily -- it's more like a plan to get a plan. we're not there yet. but the big news today really on wall street, everybody's focused on, rajat gupta, the former head of mckenzie, and a former director of goldman sachs and procter & gamble and american airlines, he's been arrested and we'll find out what the charges are today, but they do relate to insider trading charges. he'd been involved in the raj rajaratnam case, a hedge fund manager now in jail for insider trading and there were very bad tapes that came out during that trial that when rajat gupta was a board member of goldman sachs he was leaking some information to rajaratnam, and there's going to be some big questions about that, so this is probably one of the highest-profile people in the business world to get ensnared in this. this is someone who advised people like

andrew ross sorkin joins me now. the market run down. does that mean adp is out? >> adp is out.the big number. adp coming out with 91,000 new jobs in the private sector. that's good news. the expectation was 75,000. so you can take that for what you will. i should also temper that by saying there was another report that came up earlier in the day, challenger. it noted that overall for the last month there was 115,000 jobs lost and 50,000 of those were from government jobs including the military. so there is a double-edged sword with this whole conversation of we want to shrink government and there is a lot of conversation about shrinking government but you're going to lose jobs while trying to reduce our own debt. so that's the big thing to watch. also by the way, apple stock. everybody is watching that after the iphone 4s, not the iphone 5. >> man, they're getting a lesson in politics. if you don't meet expectations, you end up losing in your poll ratings which in this case is your stock price. >> you're an iphone user of. >> you know, i'm not. >> you're an ipad user? >> i'm a

i am struck by the fact, and we heard andrew ross sorkin before, there's a wave of skepticism that theup over their inability to resolve this crisis. much as there is about the u.s. government and debt. so even though there is this kind of omnibus deal in order to move things forward and prevent the global financial system from collapsing because the european financial system collapses, it's being met with a huge amount of skeptici skepticism. and i don't share that kind of skepticism. >> is this a model to deal with if italy, spain, the -- pardon the -- pardon my french here, but the piig countries as they've been referred to, these countries with the horrible debt problems. is what happened in greece going to be the model for these other countries if it gets to that point? >> the point of the greece deal is to prevent portugal or ireland. the real big issue from the european perspective is italy because the size of its debt is over a trillion dollars. it simply can't be washed away or recapitalized. there's just not enough money to underwrite italy if italian risk becomes -- the mark