now the other wall street donors that supported obama in two thousand and eight like bank of america morgan stanley and citi group are all of romney's top donors this time around but obama saying that we should all reform wall street hello david where the hell of you've been you're the one who let the collapse those who collapse the economy walk away with millions of dollars in bonuses why is it not part of the debate that both candidates are funded by the same banks and lobbyists could it be that this is just one more thing narrowing the similarities between the candidates folks come november will be faced with a false choice painted by both sides of the corporate media has a clear distinction are you not convinced yet. let's go over this again both candidates the port unmanned aerial drone warfare and also support targeted assassinations of alleged terror suspects both have extremely close ties with the g.m.o. giant months santo you know the corporation trying to take over the global food industry both want to bomb bomb bomb bomb iran after four years in office obama has not made any headway in c

since that time, the heads of merrill lynch, bank of america, wells fargo, morgan stanley, state street bank, bank of new york mellon, and now citigroup have all moved on. gap is shuffling its management team. a single executive will now head the divisions for each of the company's brands, which include gap, banana republic and old navy. it's part of an effort to focus more on global operations. gap has been on a rebound, following higher profits due to the trendy colored skinny jeans that were a hit this season. an investigation has uncoved factory in china. foxconn manufacturers phones and tablets for apple as well as products for microsoft and hewlett-packard. teens as young as 14 were hired by the company as interns. foxconn says in a statement: "...these violations rest with our company and we have apologized to each of the students for our role in this action." china's minimum legal working age is 16. some sneaky fees are creeping into your bills. a new study reveals americans spend an average of $350 a year on hidden fees. that's according to bill guard, an online bill monitoring

of two hundred million dollars and according to the center for responsive politics the top eight financial contributors to romney's campaign are wall street. banks with employees from goldman sachs bank of america and morgan stanley rounding out the top three. this is the buy the moment changes come to america five in two thousand and eight barack obama became the largest beneficiary of wall street backing in u.s. election history. receiving more than forty two million dollars from the finance insurance and real estate sectors it's hard to believe that smart rational guys and big companies with huge research departments and a real understanding of the society are going to give that much money and expect nothing in return so their donation is probably not a charity since becoming president obama's justice department hasn't prosecuted one person in connection to the two thousand and eight financial collapse on the other hand top executives from j.p. morgan chase citigroup and general electric were recruited to work in the white house what we have cemented into place is a system of legalized bribery public elected officials arnason corporate employees you know the flagrant sort of corruption the ability of this smal

goldman sachs, bank of america jpmorgan, morgan stanley credit suisse citigroup, wells fargo barclays. they're all banks. that's who he's in league with. that's who he wants to protect. stop trying to hit him and hit him. expect he wasn't even trying to hit him. that's part of the problem. all right look, for this kind of conversation--laughing ] let's bring in michael. >> i'm totally uncomfortable with this epic fail thing. >> cenk: no offense. it's not meant towards you epic. >> no, i understand. >> cenk: our epic political correspondent michael shure to break it down: we had a mini debate before the debate. i came really hard from the left just like mitt romney did. but you had a better zinger than the president. let's watch that again. >> the president can turn around and say listen the average middle class family got $3,600 in tax breaks over the last three and a half years singles i've been president. >> cenk: mr. president, their income went down 5%. >> their income went down. >> cenk: it went down. it didn't go up. >> the income, mr. romney, and don't talk to me like i'm your

banks are giving to romney. harvard pinheads and the university of california, that sidly austin is a law firm. here's the romney done ogoldman sachs, bank of america, j.p. morgan, morgan stanleythe banks, credit criss, citigroup,bar clays, dirkland, that's a law firm. the banks have gone for romney, why? >> they are gone primary because of dodd-frank issue but if they lich to governor romney in that debate, talking about too big to fail and dodd frank, they are thinking, can i stop that check before it clears? >> what is too big to fail? >> that's a bank like j.p. morgan, chase -- >> so the government guarantees they won't go out of business. >> $1.2 trillion in assets, you will not go out of business. >> romney says he will dump that. he took their money and said, hi, got your money now. >> like barack obama did four years ago. >> lou dobbs, that's the fairest assessment you will get anywhere. right here. vicious attack on a california couple, put out a recommendny sign on their front lawn, geraldo with the details. take a look at body language at the debate. that report, after these messages. does your phone give you all day battery life ? droid does. and does it launch app

slew of big name firms have reported higher earnings but lower revenues, including bank of america, ibm, 3-m, morgan stanley, oracle, and walgreens. for most, the biggest problem is europe, where many countries are in recession. it doesn't help that the red-hot growth in emerging markets like china and india is cooling off. the economy in the u.s. may be nothing to brag about, but for many firms, it's actually one of the stronger markets. >> when they talk about weakness, the weakness is everywhere else but the united states, which highlights the united states possibly being the one beacon of hope. and that's where companies need to reinforce there strength in. >> reporter: companies are also trying to boost earnings by cutting costs and selling non- essential assets. others are using the weak quarter as an opportunity to clean up their balance sheets. >> everything but the kitchen sink. you are going to take every write-down, every mark down, everything that you can. get it out of the way, so you look better in the following quarter. >> reporter: but hopes are fading for a strong finish to the year. of the

bank of america, j.p. morgan, morgan stanley all up about two and a half%. th care stocks up after romney recommitted to repealing obamacare. leading the sector of more than 3 percent, and the governor's support giving the sector a lift today. up nearly 8%. alpha natural resources, peabody, consol energy also appeared on the date. the market could have been just reacting to a recent economic news, the jobless benefits of 3,607,000 last week. lower than estimates. one day before tomorrow's september unemployment report. factory orders came in better than forecast, but still fell more than 5%, the biggest decline in more than three years the kind of world we live in now, that was actually better than what had been expected. retail chain stores reporting september sales above wall street expectations. oil up more than 4% on middle east supply concerns. crew selling at 9171. gasoline prices in california reaching record highs due to fuel shortages caused by a pipeline shutdown. well, excuse me one second year. forgive me. president obama hitting the campaign trai

they are the financial sector slackers when you compare its run we're seeing in bank of america, goldman sachs, morgan stanleythe past three months. is this the stock to outperform? >> i'm not sure that it is. think you still look at the high beta stocks, citi, bank of america. that's where there's massive option activity, including today in bank of america, it was 3-1 calls to puts in the first half our hour. over 100,000 calls against 30,000 puts. that continues to be the trend. >> thanks for bringing us the tweets, seema. >>> coming up on "power lunch," is the obama administration helping corporate america break a key labor law to help win next month's election. senator john mccain is with us live to talk about it in the 1:00 p.m. hour. >>> but final trade's next on the halftime report. tdd#: 1-800-345-2550 this morning, i'm going to trade in hong kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#:

banks are giving to romney. harvard pinheads and university of california. sydney austin a law firm they are ponying up for him. goldman sachs, bank of america, jp morgan. morgan stanleyust as you said all the banks. credit swiss. citigroup. wells fargo, kirkland and elvis that's a law firm. the banks have gone for romney why? >> they have gone because primarily dodd frank. if they listened to governor romney in that debate talking about too big to fail and dodd frank. he is going to get rid of too big to fail. they are thinking right now can i stop that check before it clears. >> bill: what's too big to fail again. >> too big to fail is a bank like jp morgan chase. >> bill: the government guarantees you are not going out of asset. >> 1.2 and not going out of business no matter how big you get. >> bill: he took money. >> just like barack obama did four years ago. >> bill: lou dobbs, everybody. and that's the fairest assessment that you will get anywhere in the media right here on the factor. directly ahead, vicious attack on a california couple who put out a romney sign on their front lawn. harold with details. he has talked to the couple. body language takes a look a

who is the biggest, bank of america or morgan stanley? look by the number of brokers or revenues, but i'd say that really the three that dominate the business today are bank of america, merrill lynch, morgan stanley, smith barney, and wells fargo. >> oh, really. you would think there's leverage there, because one of these days the market's going to go up over time and you figure, i always want to go back to 1982 and get those 20 years back. i don't know if we ever will. david, appreciate it. >> my pleasure. >> good to talk to you. >>> when we come back we'll talk about the real cost of college. some figures show some of the youngest members of america's workforce are starting deeper in the hole than ever and with the job market it it not helping them. scott cohn will bring us the numbers. >>> next half hour, truth and consequences of the fiscal cliff. failure to reach a compromise could poison the economy and the clock is already ticking. former minnesota governor tim pawlenty and guest host jim rohr will join to us rise above the rhetori

bank of america down 79. morgan stanley 64%. goldman sachs, 41%. jpmorgan, down 8. that is the worst during his tenure. >> it is. based on the stock price then you would think that the ceo does need to go but look at it moving forward. that's all in the past. moving forward, is this a material change for citibank? as guy said this is a massive, massive organization. it's a huge aircraft carrier. you might have changed the admiral but will you turn it that quickly? i don't think an awful lot will change in the very short term for citibank. maybe over the next six months or a year you start to see a new strategy, but, you know, i don't know if just because vikram pandit is gone the whole company is a different company than it was 24 hours ago so for me it's not that big of an event. i think the apple event is bigger only because it's 20% of the market cap of the nasdaq. >> of the nasdaq. let's remind everybody. we learned there will be an apple event on october 23rd. john ford has received the invitation. we presume it to be the ipad mini. we're going to talk more abo

sandra: 15 executives including bank of america, citigroup and morgan stanley writing to the white housewarning of the impending fiscal cliff. saying the consequences of inaction for stability and global financial markets for economic growth for millions of americans without work and for the financial circumstances of american businesses and american households would be very grave. look at the financial names, many of them are in the red, and dennis, actually jeffrey a immet ssaid this will be the big impat for 2013. they think there will be some sort of a solution. dennis: the implications and you have to believe they will work this out no matter what, and second i'm telling you a couple of years ago the banking executives never would dare have sent a letter to congress. they were the villains and the fact they're doing this and speaking up makes me think it shows we are beginning to heal. we have cyber attacks on financial institutions hitting their highest profile victim yet. fox business is all over this story because adam shapiro is working it from the beginning. >> is a continuatio

of themselves coming into today. >> next week you've got 6:00, goldman, morgan stanley and bank of america. market strength and expense discipline? >> you want to move towards the capital markets as you're suggesting so citi especially we like citi a lot going into the earnings because they don't have the net interest margin pressure, neither does goldman sachs. on the other hand bank of america, while on the one hand they have a little bit of mark and some capital markets we think that net interest margin could be bad news. >> j.b. you have a question? >> yeah, i'm curious, i want to follow that thread a little bit. it seems to me like citi is banking on this international banking idea way more so than the other banks that seem to have retrenched a bit more on u.s. business. given that we're paying a premium for u.s. focused stocks across the market and we're kind of staying away from euro or asian-focused businesses, do you think that that's been holding citigroup back and might that be an opportunity if that picture does brighten? >> i do think it's -- i absolutely believe it's holding i

citi and goldman and morgan stanley came in ahead and bank of america did as well though its revenuesshort. it's an busy and important time for your portfolio and the economy for sure. here's ken rogoff, professor of economics at harvard. wonderful to have you back on the program, welcome. >> thank you, maria. >> tell us broadly what impact you think either candidate would have on the economy and you're not affiliated or advising either campaign, yes? >> i'm not. i mean, if they got their vision put in place, then i think they very different. my best guess is that congress will resist whichever candidate becomes president and will sort of continue to muddle along. but, i think broadly president obama puts much more emphasis on reducing unequality and governor romney puts more emphasis on growth. they tell you we want everything and governor romney might say something about inequality, but broadly speaking that implies probably somewhat forward growth under president obama, maybe not for middle income americans and faster growth under romney. although, of course, we don't know exactly

we are watching names like bank of america, jpmorgan, we have seen citigroup and morgan stanley shininghigher. in some case, some did very well. back to you. tracy: nicole mentioned the financials. they are up because of mitt romney's performance last night. ashley: our next guest says do not spike the fed. joining us is hank smith with more on the let's talk about that fomc minutes. hank, it seems to me that the fed is saying what we are all saying, a lot of caution and skepticism from a lot of members that qe3 will have limited value. what is your reaction? >> what i think was implicit in those notes, the fed notes, was that for 90 and that all fmc is buying an insurance policy with this open ended qe3. we know that the fiscal cliff turbochargers into a recession and the fed wants to have all available ammunition to go all in to fight that. the stock market does not think the fiscal cliff is going to occur and that is why it keeps turning up. the two operative clichÉs, if you will, regarding equity investing right now. tracy: . there is also the make sure you cover your butt one also.

folks, so names like bank of america and jpmorgan are among the top performers on the dow jones industrials. citigroup is up over 2%. bank of america up more than 3%. and morgan stanleyly 3% today as well. we have a lower dollar. stronger euro. and the banking index is doing very well. as far as the major market averages, let's take a look at the exact levels right now. as the s&p 500 is sitting at 1458. obviously some key levels in this consolidation that we've been following closely. the tech heavy nasdaq composite, though, not too much up there, virtually flat. back to you. connell: nicole thanks. even more sports talk coming up here. dagen: i know, detroit, cabrera breaking a record that has stood for nearly half a century. what is it, 67? is that right? connell: first triple crown since then. dagen: all right, bring it baby, bring it. connell: good for him. also we will take a look at some of the winners today at the nasdaq. there they are. >> congratulations to miguel cabrera, first play tore win the triple -- player to win the triple crown in baseball. it was a home run shy of cabrera, but 15th player in history, triple crown winner. batting average home runs

another layer of this financial landscape has to do with mortgage loans and race in america the american civil liberties union says one of the country's biggest investment banks morgan stanley has been violating civil rights laws they've accused morgan stanley of racial discrimination in packaging these risky subprime mortgage loans into securities and then home is a senior financial writer for the huffington post and joins me now to break this all down hey there bands of the a.c.l.u. claims this is the first case of main street holding wall street accountable but there have been lawsuits from the government and investors is this significant yeah if you do significant i mean it is as the a.c.l.u. says this is the first case where private plaintiffs and this case a group. mostly about african-americans but it goes into troy have have brought a lawsuit a private action against one of the wall street investment banks i mean you know what they're saying that morgan stanley did here is basically pressured new century which was one of the biggest some prime mortgage lenders into. into making loans which really i want to go to reset really bad loans for the borrowers these loans t

bank of america, down 79. morgan stanley, 64. goldman sachs down 41% and jpmorgan only down 8%.parities in performance. i want to go to the rally we've got. i know it's not the hot topic but, folk, we're doing it. citigroup and gary is right. we went positive early on citigroup. almost approaching 100 million shares now. that's 2 1/2 times the normal volume and only 11:30 eastern time this. is going to be a big volume day for citi. meantime, take a look at the s&p 500, 1465 is the old closing high. look at this. we're only 10 points away, 12 points away from a new closing high on the s&p 500 and that was just a few weeks ago. here this is just the three-month chart that you're looking at. particularly nice day for material stocks and energy stocks are doing very well. i just want to put up the financials and note what's going on. a little bit of bifurcation going on today. you notice the big money center banks like jpmorganchase, bank of america on the upside. look at some of the regionals. pnc, fifth third and zions, look at the top line on pnc, they beat on the headline number

i think you will see good numbers in goldman and good numbers in morgan stanley and hopefully bank of america. i think jpmorgan may not be the best in fic. >> thanks so much. >> always a plesh pleasure. >> goldman has surprised big time three quarters in a row. i think you want to be in it. >> in it ahead of the numbers rather than after. >> if you like the group, this is the one. >> absolutely. goldman is recovering from the 2011 sell-off. i think it's reclaiming best in breed status. if it gets technically above 128, 130, i think you're going to see a lot of follow through buying. >> still to come, the odds of resolving the fiscal cliff. speaking of goldman, it's taking a position not shared by the majority of investors. >>> first, what's on the line for the major cell phone carriers after a japanese company agrees to take a major stake in sprint. >>> and why your best energy trade may not be oil. we'll be right back. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper kno

and then more of those big financial names, like bank of america to look forward to as well as morgan stanley. and guys, we also have this week stocks like halliburton reporting. we're going to look at the energy environment. also ebay will be reporting. so some of those internet companies and lastly general electric. dagen and connell, we have so many companies reporting earnings this week. next hour we will preview a couple of them for you. gives you a sense of that peak week that we're talking about here. this could be that sort of make-or-break scenario as far as setting the overall tone. connell: thanks, sandra. dagen: do you want to know who won a car race? connell: not even a passing interest in whh won the car race this week or any week. dagen: the national association of business economists predicting that congress will avoid the fiscal cliff, and that will help the economy grow at a faster rate. connell: cheryl and dennis coming up on markets now. look, if you have copd like me, you know ican be hard to breat. copd includes chronic bronchitis and emphysema. spiriva helps control my

morgan stanley, goldman sachs, and obviously the companies that have capital markets within their balance sheets. bank of americaas had one of the weaker numbers. morgan and strong, citigroup and strong. dagen: we will see you soon. you are welcome back anytime. connell: the ticket that gets into the white house. a romney biden white house is a possibility. dagen: lance armstrong gone from his own -- look at the world currencies. hey, the pound. connell: what is wrong with you? ♪ >> at 25 minute past the hour, i have your fox news minute. a new judge gets to hear how close lawyers are to get ready to go to court in the trayvon margin case. the former judge made remarks about zimmerman. nike terminating its contract with lance armstrong. the apparel giant said it is due to unsurmountable evidence that armstrong participated in doping. it must not terminate its contract with him. the news coming after armstrong stepped down earlier today as chairman of the restaurant charity. drought, cold and hail causing the worst harvest in century. it is expected to slump by 20% from last year. the wine quality will be better,

bank. whereas jpmorgan is more of an investment bank. jpmorgan's results bode well for goldman. morgan stanley, merrill lynch. they don't necessarily bode well for other large regional banks. >> bank of america guys, we'll leave it there, thomas and anthony. >> thanks very much. >>> still ahead, robert shiller of the case-shiller housing index will give his thoughts on whether housing's days are over for good. >> and as we go to break, another highlight from last night's debate. >>> more people signed up for medicare advantage after the change. nobody is -- >> mr. vice president, i know -- >> no -- >> mr. president, i know you're under a lot of duress to make up for lost ground. but i think people will be better served if we don't keep interrupting each other. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, when you take a closer look... ...at the best schools in the world... ...you see they all have something very