thank you very much, bertha. u.s. regulators launching an all-out review into how wall street uses high-speed trading and how it's affecting the markets and the individual investor. eamon jafers live in washington. >> hi, tyler. the "wall street journal" reporting this morning the s.e.c. is reaching out and gathering as much information as it can from players in the high-frequency trading space, trying to understand exactly how it works and whether or not high frequency traders have an unfair advantage in the markets over average investors. now, i want to share with you some data that cnbc has on caned exclusively from nanex. it's an analysis firm out in chicago. what nanex is doing here is looking at facebook on the day it went public, and what they have spotted they say is a spread in the speed of data going to individual investors who subscribe to the consolidated feed and investors who subscribe to nasdaq's proprietary fooed feed, which you have to pay for. this is a very complicated graphic, but on the left you c

good morning, bertha. >> reporter: feel good friday, that's kind of redundant, right? it's friday, we always feel better about that. the futures right now are kind of flat, though at least the markets managed to break a four-day losing streak yesterday. investors reacted positively to that budget unveiled in spain which relies more heavily on spending cuts rather than tax hikes. not popular in spain but that's going to help the country in terms of getting the bailout money that they need. u.s. data also showed fewer people filed for unemployment last week. overnight we saw asian markets mixed. europe is a little higher this morning. we're also watching for data here on personal spending and income, manufacturing and consumer sentiment. the dow will start the day at 13,475 after rising 72 points. the nasdaq, 3136 after being up 43 points yesterday. >>> and facebook is making it real. the social networking site is launching a feature to let users send actual gifts, not that farmville stuff. you can send chocolate, coffee, flowers to your friends for their birthdays. face

hang in there, bertha. >> my carrier, you know who you are. >> okay, bertha. let us know when you get them. we'll look forward to it. see you later. >>> you may be thinking about breakfast this morning and you know there's a popular pigout food that might be hard tore find. an overseas industry group for pig farmers says there will be a pork and bacon shortage next year. they blame drought conditions which damaged corn and soybean crops. farmers are finding it too expensive to feed those animals and have been forced to reduce the size of the herd. there has been an increase in supply but it's more expensive. >> i got a text from brent last night to start hoarding bacon and i'm like what are you talking about? >> you might be making bacon right now. enjoy that, you got it at a good price. temperatures are looking good, everyone getting paid in sunshine this week. first weekend in fall could go down as one of the hottest stretches of weather that we've had this year, so that's how things work around here. one thing that we are seeing because of that strong ridge

bertha, good morning. >> reporter: good morning, jon. thanks so much. a little bit better look -- looks like we'll have a better start to the day at least. the futures right now are higher. investors seem optimistic about the new budget measures being unveiled in spain today. stocks fell again on wednesday as violent protests in greece against austerity became riots and also we saw more protests in madrid. asia was higher overnight, europe is higher this morning. here at home we'll get data on the weekly unemployment filing and news on demand for big ticket durable goods, pending home sales and the final read on second quarter gdp. the dow coming off a 44-point fall to 13,414. the nasdaq losing 24 to 3094. >>> well, americans are getting better at managing their debt but still have a lot of it. many of them have lingering student loan payments in particular. report by the pew research center shows that 19% of u.s. households, nearly one in five, had outstanding debt or deferred floenz loans in 2010. when you look at households 35 and younger, the number

bertha coombs is live at cnbc headquarters. good morning, bertha. >> good morning, scott. the futures are pointing to a higher open. investors seem optimistic about new budget measures being unveiled in spain at this hour. also we had a positive bond offering in italy. stocks fell on wednesday as we saw those violent protests in greece against austerity measures. asia was higher overnight, europe is higher at the moment. here we are waiting in the next few minutes data, including the weekly unemployment filings, demand for big ticket durable goods, pending home sales and second quarter gdp. the dow fell 44 points to 13,414. the nasdaq losing 24 to 3094. >>> bank of america is testing technology to left customers pay for items at the checkout counter by scanning a code on their smartphone. the test is currently being run in charlotte, north carolina, where b of a is head quartered. for now only bank employees have access to the program. it has a huge possibly, analysts say. they expect it to top $171 billion worldwide this year. i know you can already do it at starbucks but

back in 1996 we had with bertha that can up the coast, dumped a little bit of rain and wind damage edouard which is a right hande d ooke just south of the islands t in september of 1996.d at the does anybody remember that? if you have been to cape cod yoe probably got stuck in traffic that takes about five hours to evacuate the island and reva ofe wind damage and tumbled ofndfalr rainfall, but was hurricane bobd that of recent memory was theion hurricane that made the fall, i7 was category two at the time. it did 1.5 million in damage ano actually killed 17 people. tow, looking back at the hurricane records from that day back to 1886 in the last decadeb 1995 to 1999 it is the singlerir most active hurricane periodicaa since record that goes back to the 1800's. 41 hurricanes, 21 of them wereur major hurricanes. forecast or specialist but i dos read the studies and do the analysis but the hurricane researcher said focus their lives on studying and analyzing this war have found there is large-scale circulation and the oceans that are probably driviny what we would see as fluctuation in the fr

i'm bertha coombs. we're watching homebuilders. lennar opened at a new high this morning after its earnings topped expectations. but we're seeing a bit of profit taking here in the homebuilders. they've been doing very well. lennar up 87% year to date. we are looking forward to more housing data this week. expected to be bullish once again. >> bertha, thanks so much. b.k., there's home sales in transit, or what? >> exactly! fedex is delivering it right now. the only home in transit is grasso's double wide. that will be coming this week. >> lennar had a huge report. the orders up 44%. all these stocks have done so well. what do we think about the homebuilders here? >> i like the homebuilders. they're certainly getting a little sell the news here. but what's interesting about the lennar report is they talked about the cost of their homes are going up because of lumber and cement. for me as an investor, i want to look at something like a weyerhaeuser. they pass on the price increases and they have demand for their product. that's the

bertha? revealing that last friday it learned that the government is investigating its practices and on concerns that aetna will no lon der i am ger i am burst it for key issues on that drug actcar. >> thank you very much, bertha coombs. >>> gold is pulling back and strategists across the board ratchet up their targets. does it have further to go or will europe derail the rally? that's next. or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. >>> gold prices are easing following the qe 3 announcement in addition to europe and japan. is today's pullback just short in nature? joining us is a cnbc contributor and chief market strategist. good morning. >> good morning, simo

thanks, bertha, bertha couples back at hq.ses from california. >> thank you, carl. >> i'm dying to hear more about lemon in part because with square and passbook, the new appear l app, it seems like this space is getting crowded very quickly. what is lemon and what are you trying to accomplish? >> lemon is a application that let's you take a picture of everything you have in your wallet, every card, every receipt, absolutely everything you have in your wallet and it creates a digital version of your wallet in your phone. if you ever lose your wallet, if it's ever stolen, you have a copy of everything in your wallet. we have a service that with one button we can cancel and replace all the cards in your wallet if you ever lose it or if it gets stolen. and then very often it's just easier to reach for your phone than to reach for your wallet when you need to access some of the information that in your wallet. >> you launched this in october 2011. you have some funding from a fund run by howard schultz who knows a thing or two abo

cnbc's bertha coombs is here to explain. bertha, good morning. >>> facebook does not have a dislike, thumbs down, but it's gotten a number of them since going public. the fallout continues this morning. about 50 lawsuits now filed against the social media giant. the nasdaq, where facebook listed its ipo, and the banks that helped bring that ipo forward. in addition, securities lawyers expect hundreds of arbitration claims to be filed against brokers. facebook shares are down more than 45% since it went public on may 18. >>> and it has been five years now since jk rowling published the final installment of her harry potter series, and she's back with her first novel for adults. a lot of adults read those harry potter books. this one's called "the casual vacancy." it hits stores today with 2 million copies ready to go. it's the largest print run for the book group whose little brown imprint is publishing the book in the u.s. guys, it is already number two on amazon. and from what i hear, harry potter, very clean cut. this one'

cnbc's bertha coombs is live with that story and more. bertha, good morning. >> did you see last week as samsung was running the commercials as the iphone 5 was launching? these guys hate each other. >>> the battle continues in the courts, and both sides are unhappy with the $1 billion verdict that found samsung infringed on the technology used in apple's iphones and ipads. samsung is calling on the judge to amend or actually just toss out the jury's august 24th ruling. apple says samsung's infringement was deliberate and is seeking another $700 million in damages and interest. the two are set to see a federal judge at a december hearing on the 6th of december. >>> meantime, facebook is under the gun again. financial magazine "barron's" remains negative on the stock, saying it's still overpriced at $23 a share. probably worth $15 a share according to barron's. more and more facebook users are using facebook on mobile devices like iphones, and the company is still trying to figure out how to monetize mobile ads. facebook stock down 40% sin

cnbc's bertha coombs is live with that. you knew they had to come up with something pretty soon here. >> it's another way for them to make a little bit of cash. remember way back when, you used to be able to send like a virtual rose to somebody for their birthday. now facebook is making it real. the social networking site is launching a feature to let users send actual gifts like chocolate, coffee, and bouquets of flowers to their friends. the facebook gifts program being rolled out gradually here in the u.s. a gift icon will show up on your friend's timeline, which they can unwrap virtually, and they get the actual gift on their doorstep a few days later. it's facebook's first major push into e-commerce. they'll get a cut from each item sold. i know i saw them advertising that starbucks would be among the first participating in that program. >>> meantime, while americans are still going to college, many are opting to stop their education after four years. a report shows that new enrollment in grad school has dropped for th

thanks, bertha coombs.re. >>> the chinese company that makes apple's i phones is back up and running this morning. foxconn technology group had to shut down production after a brawl involving 2,000 employees that erupted sunday in the dormitory in a factory in northern china. workers claim it began when a security guard hit an employee during what's being called a personal dispute. 40 people were hurt. >> apparently there's some kinks they're trying to work out with the new i phones. apparently, there's a map issue with the google map, whatever was on there before, is not the same. it's been giving bad directions and getting people lost. i've read that. work the kinks out. then maybe i'll try to get one. >> i like my little google map app. >> droid. >> you're going with the droid? >> i'm okay. why not? >> no problem. >> no problems whatsoever. >> how about the forecast? no problems there either? >> no problems there either although it's taken me 30 minutes to get my hands a little warmer. i was outside at 6

good morning, bertha. >> good morning, scott. yeah, basically that general strike called in greece ahead of what people anticipate are going to be some pretty dra kdraconia cuts to be announced by the government. in spain, folks are bracing for cuts as well. the markets watching all of this. once again essentially the european crisis is what is setting the tone. it started yet, when protests in madrid got out of hand. some 5 dozen people were injured. 38 were arrested. the dow had its worst day of september falling 100 points to 13457. s&p also having its worst day, falling 15 points. the nasdaq had a rough day as well. falling 43 points to 3117. apple one of the big losers there. the futures again under pressure as we're watching that situation in europe. watching here for some housing data. so far, the housing data has been pretty good. yesterday, we had a pretty good case, you'll remember. we're getting new home sale numbers later on this morning. it has been five years since jk rowling last published the final installment of

. >>> speaking of the nasdaq, let's get to the nasdaq where bertha coombs is following the big mover.estcor is a biotech company. it has one drug. this morning reports are that aetna is only going to reemimbue it in certain cases as a second line drug. what's interesting is how the stocked moved this morning. the intraday chart had steadily moved lower. we talked at the nasdaq why did it did not trigary halt sooner. under halt rules, it is a 30% move but it has to be for five minutes a row, rolling five minutes. that's when it triggered. it was after 10:30 this morning. meantime today as far as other stocks on the move, apple lower today as it rolls out ios 6. facebook at a six-week high today. facebook was implicated today in samsung and iphone -- the iphone rivalry. samsung asking its users which phone would you take to a desert island. seems like the apple fan boys got on there and overwhelmed the vote. >> bertha, thank you very much. >>> the deal a day company groupon is taking a big gamble now on mobile payments. julia boorstin joins us with an exclusive interview with groupon's

we turn to bertha coomb. she's live at cnbc headquarters. >> wall street watching those pictures out of greece. they're very similar to what we saw in spain yesterday. what people are protesting there are the austerity measures that are really very, very steep. those countries are trying to undertake in order to get enough funding from the european union in order to pay their debt. all of that once again, it's the debt crisis that's causing all of this. causing the dow to fall 100 points to 13475. the s&p had its worst day in three months. the nasdaq also a rough day there. off 43 points to 3117. watching those pictures coming out of greece and we're expecting to see even more protests tomorrow because spain unveils its budget and it's not likely to get much applause in madrid. here at home, we're going to get a new reading on housing with the latest new home sales data coming off of a pretty good case yesterday. we're going to hear from heavy construction materials manufacture texas industries. facebook, wel

. >>> bertha kums at tcoombs at t?on a day when the market seemed to be more in profit taking mode. biotext, gill yad getting some support from morgan stanley which boosted the price target from $70 to $75 a share. these others hitting milestones. little bit of profit taking by united. apple hitting another intraday high, all-time high, nearly $700 at the open. it's come off of that right now that bears watching this afternoon and over the next couple days after the first round of iphone sales sold out in 24 hours. a lot of us will be waiting a while to get our phones. meantime, you can get an iphone 5 if can you order one at yahoo!. marissa maher says you can get any phone you want, except for the blackberry. they're not offering support for them anymore. buh-bye, unfriending. >> groupon up 25%. think facebook climbed 10%. >> yeah. today we're seeing a bit of a pullback. facebook actually started the day off stronger with capstone making some positive comments saying that they expect to see them perhaps beat estimates

i will instead toss it over to cnbc and bertha coombs. good morning, bertha coombs. >> reporter: good morning, scott. seriously, facebook sets records but not the kind you usually want if you're an investor. futures are kind of flat. we had an anemic session for the markets on monday. the dow was down yet again. this morning we'll be watching for data in terms of the home price index. we'll also get some consumer confidence data that's probably going to set the tone for much of the day. the big thing this week will be spain and greece, their bumgdge, and how that's going to impact the debt crisis. the nasdaq was up four points to 3179 thanks to the fact google hit an all-time high. toys r us is getting ready for the holidays. it is hiring 45,000 temporary workers. that's 5,000 more than last year. in part to deal with a lot of its online sales. also the fact that it's moving into technology. it's unveiling a new tablet and, believe it or not, already there is a lawsuit claiming patent infringement. the folks over at toys r us unveils a ta

bertha is at the nasdaq. >> apple has been bucking the trend, so have bioteches on a day we're seeingking. biotech stocks have been on fire. gillead leading the charge. boosted the biotech to all-time highs today. social media stocks today giving back all those gains they saw after really strong week last week. groupon leading the way down after the folks at evercore put it on conviction sell list. they started today after a monster week for facebook. best week ever since being a publicly traded company. that's not saying much. >> no, it's not. as we see the chart. thanks, bertha. >>> so, overall it's been a great month so far for stocks with the exception of mondays, right? >> yeah, you're right. this month alone we've seen every monday has been a selloff for the dow. this summer, 14 out of the last 15 mondays has been a down day. i don't know what that's about. given the fed it's made its move for more stimulus, which is the better bet right now, stocks or fixed income? >> that's what we want to talk about right now. brian bellski along with kathy jones from charles schwab. you want

bertha coombs is live at cnbc world headquarters.d morning, bertha. >> reporter: hi, good morning. add one more problem over the weekend. apparently some workers interruption at one of the foxcon facilities. some 2,000 workers in a melee that took four hours to quell. the company will delay a little production there. meantime if you haven't gotten your iphone yet, you may have to wait. people like me who still don't have a delivery date, it appears we'll see more record-breaking numbers coming from apple. a new report from a research firm found that the first three days of iphone 5 preorders amounted to more sales than the iphone 4s had in its first month. there are also reports that stores in major u.s. cities have sold out of iphones available on the verizon and at&t networks. apparently apple quickly sold out of its initial shipment of iphones. they did report those early preorders of two million devices in the first 24 hours. >>> and facebook is under the gun again. if you think the review of apple was bad, baron remains negative

. >>> let's get a look to friday's markets and bertha coombs at cnbc.ood morning. >> reporter: i'm still pondering script kitty. i learn something new every day. thank you, scott. futures this morning are kind of flat. yesterday we finally saw the major indexes break their losing streak. investors reacted positively to spain's new austerity budget which relies more heavily on spending cuts and tax hikes, not popular in madrid or elsewhere but that is going to help them in terms of getting the funding they need. u.s. data also showed fewer people filing for up employment last week. overnight we had asian markets mixed, europe is a little higher this morning and we'll get a lot of data this morning as well. personal spending and income, manufacturing and consumer sentiment. the dow will start around 13,495. the nasdaq at 3136. one of the things that isn't rising and that may be helping the housing markets. that's mortgage rates setting another record low. freddie mac says the average rate on a 30-year loan is 3.4%. the decline may well be due to the fact

for more on that and the rest of our news before the bell, we turn to bertha coombs live at cnbc world headquarters. >> reporter: good morning, laura. the futures are pointing to a lower start. we had appear anemic session in the markets on friday. this morning european stocks are lower. we had some weaker than expected german data and continuing worries about the spanish debt situation. a lot of key moments this week on that. a lot of folks will be watching spain. plus we also seem to have this monday problem when it comes to the dow jones industrial average. it's been down 18 of the past 20 mondays. we'll start off down today as well. as far as data here, we're going to get most of it at the end of the week, particularly housing data, including new home sales and mortgage applications as well as readings on the pace of economic gross domestic product and personal spending and income. the dow fell on friday 17 points to 13,579 and the nasdaq was up, thanks in part to apple, to 3179. apple, it seems there isn't a day it doesn't set some new record. last week it was over $700 a share. n

cnbc's bertha coombs joins us with more. >> good morning, aaron. you may have seen people using their phones to pay at a starbucks. bank of america is testing technology to let customers pay for items at the checkout counter everywhere by scanning a code on their test phones. the test is currently being run in charlotte, north carolina. for now, only bank employees have access to that program. they expect it to top $171 billion worldwide just this year alone. >>> mean tile, the well-off are feeling a little bit better off. a new study by merrill lynch global wealth management fund finds that affluent americans feel more in criminal of their finances and are being less conservative with their investments. the study polled people with at least $250,000 in investable assets. they say they're living more within their means and they recognize there will likely be more volatility ahead in the markets due to the election and the looming fiscal cliff of tax hikes and spending cuts, which congress still has not addressed, and of course, the uncertainty in e

it's not bertha time it's primetime.under the lights for the first debate and as we head to the home stretch, the other side will keep this ugliness going. so what are you doing to combat

it's not bertha time it's primetime.the lights for the first debate and as we head to the home stretch, the other side will keep this ugliness going. so what are you doing to combat this ugliness? watch the debate for substance, for programs, for who stands up for the right america and then vote based on substance. vote based on the future of this country. vote based on what you know will improve this nation. vote. thanks for watching. i'm al sharpton. "hardball" starts right now. >>> romney versus ryan, the divorce. let's play "hardball." ♪ >>> good evening. i'm chris matthews in washington. let me start with mr. romney's divorce. why did he pick paul ryan for

back to you. >> bertha coombs, thank you.on the runoff among the social media stock, facebook, groupon, facebook, let's bring in anthony declemente, senior analyst at wedbush securities. good to have you both with us. anthony, facebook, you've got an equal weight rating on the stock. you recently lowered your price target to $23 and we're within striking distance on facebook, $23. last week do you think that there could have been a sentiment change, and that se sentiment, just a dearth was keeping it down. >> yeah, i certainly think that the comments from mark zuckerberg helped. in terms of sentiment, keep your eye on fundamentals, and it's all about mobile for facebook. so remember that really sponsored stories in the mobile news feed only started and really ramped in june. so analysts and investors are going to be listening on this quarterly conference call coming up on how mobile is progressing. this is the first full quarter we'll get those. even though users and engagement are starting to sort of slow on desktops, we'll

. >>> to the nasdaq, bertha comes is on her post there. >> fractionally lower, not two down days backback since august 20 and 21st. going to bear watching. a couple of the stocks hedge the other direction, research in motion, r.i.m. striking a deal with microsoft for folks who still use this some of us considered l eed lud -- luddite. 715 a share. each forward pe about 16, as is apple, apple flirting with that $700 mark, need to watch it going into the close. yesterday, struck it just after the closing bell, see if that continues to be the trend today. as far as chips, mixed picture, apple components, broad com and qualcomm higher today. broad com an upgrade at rbc, did can you cut intel and nvidia and dragging. >>> to rick santelli at the cme. we were talking a second ago, rib, the 30-year above the 3% mark. shout ten-year doing? >> i would say the equivalent of that 3% is the 180. ten year, t2%, easier. we are down a handful of basis point it is you look at the interdate chart. look at one-year chart. from the center of this chart to the left, you see all those bottoms around 180 yi

but i like bertha coombs excuse.ivery people got lost because they were using the new apple map out. >> touche. how will congress handle the dreaded fiscal cliff if the president wins re-election and if the congress stays the same? >> i'm going to quote lloyd blankfein says he's optimistic that they will come to some short-term agreement after the election and a compromise by halfway next year. i don't think i'm that optimistic unless you have one party controlling everything that you're going to get anything done and maybe -- maybe that's why people -- we had everyone in 2008, and in 2010. >> that's true. >> the house went back republican. maybe people like gridlock more than they say. >> congress has done one thing well, creating artificial deadlines and then to extend them. this shouldn't be called the fiscal cliff. should be called the fiscal bridge to nowhere. i think they will keep extending it. the easy thing to do. >> let's move on to potentially explosive situation for donald trump. it seems his planned $100

bertha is here with the details. >> the big three. them not as big, like research in motion, when it comes to phones, all doing well today. rim doing well today on news it has a deal with microsoft to be able to open big files on blackberry. take a look at google. at a near five-year high. of course, apple, we've been watching. even if it does close at $700, normally it hits intraday, takes a few days to close there. today this could really set a record. the interesting thing, had a twitter exchange with someone. it's forward p.e. if those iphone sales hold up. >> that's the conundrum we're going to ponder right now. thank you, for that lead-in. all right, class. everybody pay attention now. here's the question. which company shares are more expensive, apple or facebook? we know no, ma'minally speakinie is higher. facebook's p.e. is 123 while apple's is 16 1/2. would there be any reason to choose facebook over apple, you ask? that's what we're going to talk about. talking numbers today on the topical side. on the fundamentals side, ma

. >> all right, bertha. thank you so much. forget the tablet wars, how about the wine wars? "the wall street journal" today reporting that amazon is planning to enter the wine business. oddly, this pits amazon against retail giant costco, which currently sells wine and alcohol at many locations. so with amazon entering this space, should costco investors be worried? let's talk numbers now. on the technicals, jgreg is wit me. he's the founder of chart lab. on the fundamental side, joe is here. good to have you on the program. thank you so much for joining us. good to see you. let me begin with you, joe. we want to look at costco. should costco be worried that amazon is now competing against it on yet another front? >> i don't think costco should be that worried. i don't think that's the primary reason why people go into costco. i think people get tremendous value at costco. wine is something that they do sell in addition to all the other great consumable items. >> all right. let's look at the charts. greg, just look at the charts, which is more attractive? >> i think it's cos

bertha? >> we're seeing a little bit of weakness here.pple certainly contributing to that below $700. another day, another patent lawsuit against apple. also against google. both lower today. if you're keeping score at home, the tablets, the nexus, the ipad at walmart but according to reuters, soon you will not be able to get kindles once they run out. bed bath beyond is the big drag here after its earnings disappoint in terms of its earnings outlook though its acquisitions help the top line, bottom line is a problem. the great divide in retail here. starbucks starting that new verisimo cough me machine. bounceback today for qwest for the company holding a conference call. ceo saying that aetna policy change is not going to affect its scripts. it is working with aetna on educating them with that. >>> we here at "power lunch" have been tracking the pointing, "the scream." we took you to the auk over the summer, we told you who bought it. next today we'll tell you where this masterpiece will really wind up. that's after the break. t k the d

. >> bertha, it has been quite a run for shares of google over the last couple of months. >>> to a story investor should pay attention to. morningstar has found some mutual funds are making themselves look better in today's tough market environment. what's the secret to their success? >> might not like the answer. seems some fixed income funds are riskier and measuring their performance against the benchmark made up by safer investments, thus giving a lower return. so it worked out this time. a dangerous game because fund investors looking for safety may actually be in riskier funds than they realize. joining us now to talk more about this is jacob wolfowitz and scott kimp ball also joining us who runs a corporate fund who says the investor must be the ultimate check and balance here. gentlemen, thanks for joining us. >> thanks for having us. >> let's talk what's behind this. for starters, mutual funds are charging high fees. you don't have the transparency that you have with exchange-traded funds. you say this trend has only gotten worse since 2009. why? >> well, i think what you're see

let's talk more about real estate at this point, bertha. foreign demand climbing for luxury u.s. but that doesn't mean the overall real estate market is seeing much improvement. we are climbing the property ladder with tom flexnir. good to see you. >> good morning. >> give us your sense of real estate in the united states at this point. are we finally off the bottom? >> i think generally we're off the bottom. but it's a tale of many different cities. it depends on the type of real estate, it depends on the market, as you can imagine. the strongest parts of the united states tend to be the coastal cities where people want to live and work. and that is true for residential, for office, commercial, and so forth. and perhaps the very strongest as you've pointed out just a second ago is the top bid for luxury residential and places like manhattan and miami. and it's a foreign driven bit. >> qe3. they're going to hoover up every mortgage known to man, supposedly. isn't that going to help? >> you know, i don't think that qe3 is going to do very much at all, other than keep interest rate

now to bertha coombs. >> look at this intraday chart of the gasoline contract expiring today. we saw hge here at the end of the day. now traders caution that this is on fairly low volume. it's been a fairly quiet day today. it looks to them like this was a short squeeze that somebody was trying to square out their position to end the month. gasoline has certainly been the story this quarter. not to this extent that we saw today. if you take a look at the november contract there was a significant difference. so tomorrow you're going to see a very big difference when we come in for our monday morning trading. nonetheless that's a wild end. gasoline has been the story. so many refineries having so many problems particularly here on the east coast. we're seeing a bit of shortage of gasoline. back over to you. >> berthat, thank you very much for that. >>> well, who says money can't fix everything? it looks like money is actually fixing the dreaded gender gap for mitt romney. america's number one expert on the rich is about to join us to explain why wealthy women are just, wellffer

>> thank you, bertha a lo lot of hedge funds seen a rebound the last few weeks but lagging equity marketshe year overall. joining us with his monthly update on asset allocation is david palin at city private bank. how are you? >> >> how are you? >> i am kearn sod many hedge funds appear to be underperforming, i wonder where this leads you and the advice you are giving high worth individuals? >> in regards to markets that have underperformed, broader stock indices across the globe, individual sectors, relative value, you will see this there have been sizable gains for the year. >> many people who saw 2008 believe everything is correlated virtually. >> you luke that the year as an example, there is an absence of correlation among the different strategies, event-driven strategies, macrostrategies, cta strategy, all those now are performing particularly well. at times went equity markets are zigging and zagging. we think there is real diversification here and this is not 2008 by any means. >> i'm imagining mortgage-backed securities has been a winner? >> it has all the different risk-on fixed

they nicknamed it bertha. they give us direction where we need to sit anchors, here is one bret baier, here is his name tag in case he gets confused across from mine if case i get confused. as we move on you can see they've got everything here, daytime they've got prime-time this is where all the big stars sit, oh, wait, there he is aga again, james rosen big star and also as he's identified himself lowly sir, it's not true, james. >> thank you, i try. >> they can't hear you, you're not phaoeubgd up. >> when we are done we leave this building, we walk out of the trailer and let me show you where we go. now you can see it's not just fox news, it's four out of the five big networks that all have their tailors out here. you can see the gravel on the ground and with shoes like this you can't be walking. so we hop into these little golf carts and off we go to the time warner cable arena which is right across the street. see you in a minute. [ male announcer ] this is sheldo whose long day setting up the news starts

host: let's get a call from richmond, virginia, bertha, a democrat, for susan roberts. hi there, you're on the air. caller: yes. i'm calling and there was a lady that spoke earlier and she talked about not voting, that president obama needs to get up and be appreciative of everything that all of us have done for him, and i do think president obama is a -- he is a humble man, but what i wanted to say to her, don't have tunnel vision. it's important for all people to vote. not voting only hurts ourselves when we don't vote. we have to find something that we are in agreement with a country divided is a country that will fall and right now i see our country divided and i don't believe that president obama is causing hatred and division. i think he still is trying to pull the country together, and because of that, i will continue to vote for him. and another thing, god took care of the poor, so people make decisions if they want to be gay or lesbians, and -- and so forth, but people that cannot take care of themselves, as president obama said, we are our brother's keeper, an

host: let's get a call from richmond, virginia, bertha, a democrat, for susan roberts.er: yes. 41 i'm calling and there was a lady that spoke earlier and she talked about not voting, that president obama needs to get up and be appreciative of everything that all of us have done for him, and i do think president obama is a -- he is a humble man, but what i wanted to say to her, don't have tunnel vision. it's important for all people to vote. not voting only hurts ourselves when we don't vote. we have to find something that we are in agreement with. a country divided is a country that will fall and right now i see our country divided and i don't believe that president obama is causing hatred and division. i think he still is trying to pull the country together, and because of that, i will continue to vote for him. and another thing, god took care of the poor, so people make decisions if they want to be gay or lesbians, and -- and so forth, but people that cannot take care of themselves, as president obama said, we are our brother's keeper, and god took care of the poor, a