bertha coombs, thanks so much.ou can call it a reality check for redskins fans. it appears the redskins may have a new starting quarterback, folks, after the team lost to the philadelphia eagles yesterday. it was ugly. skins qb rex grossman proved four interceptions in the 20-13 loss at fedex field. didn't even finish the game. head coach mike shanahan benched gro grossman in the fourth quarter. grossman says he's still confident he has what it takes to win even after being pulled from the field. >> i believe in myself no matter if the whole stadium doesn't, coaching staff doesn't, no matter what the situation. i believe in myself that every single play i'm going to get it done. you know, i fall back on that. >> it was good to play, but to be honest, you know, i have that sick feeling after a loss because honestly, when i went in, my initial mindset was, okay, a couple scores. if we can put together a couple scores, we can be in this game. for me right now, i have that sick feeling. i feel like i played that whole

for more on that it's bertha coombs. good morning. >> hey, good morning. lot of news that we're going to be following. if the deal is approved, it will create the largest gas pipeline operator in the u.s. the dow and the nasdaq start the week in positive territory. very busy week on economic data. they we get the empire state index and industrial production. and earnings, earnings, earnings. that's what it's all about the next two weeks. this is really the key period for earnings reportings. before the bell we hear from city group and wells fargo. after the bell we hear from ibm. the nasdaq is going to start at 26,677 after rocketing 47 points on friday on the heels of apple's enthusiasm for the iphone 4s. cell phone users could get realtime alerts if they're in danger of going over texting or talk limits. the agreement on the rules has been struck between the sec and the cta. that's the wireless industry trade group. and living social is launching exclusive invitation only food events. the daily deal started offering experiences like a meal in a restauran

for more on that and other news before the bell, bertha coombs at cnbc head quarters. good morning. >> good morning. the big news today we were going to have a deal by sunday. the real comprehensive plan on the debt resolution. now they're saying a second summit meeting on wednesday. we keep pushing back the date. so that's what people will be watching here overall after france and germany continue to wrangle over how to do the deal. yesterday they closed up 37 points. the nasdaq was at 2598. with not much economic news we're going to continue to watch those heads lines. we've also got learnings from general electric. we have groupon offering more information on the ipo. last spring they were talking about evaluations in the neighborhood of $20 billion. now more in the neighborhood of $10 billion. they're going to price it between $16 and $18 a share. i sent that out on twitter. maybe you can get an offer to buy one share and get others at discount. maybe some spa treatments. >> he is so strange he may do that. move over 408. heres the 669. silicon getting valley is ge

bertha coombs joins me with the market rundown.ks like if you read some reports, tim geithner is finding an audience in europe. >> we are getting mixed messages out of europe when we had the g-20 finance ministers out there, the sense is we'll have something for you, something definitive by the time the eu ministers meet in brussels by next weekend. now, angela merkel spfs spokesperson, chancellor of germany. germany is really the key to the fix for the european debt crisis says, hey, don't get your hopes up, this is a permanent fix right now. this is still going to be a process. so, those mixed messages have dialing back on hopes. economic data. the u.s. manufacturing index, little disappointing, industrial production was right in line and nothing really to write home about. a slew of earnings this week. we have a fifth of the s&p 500 reporting. this morning we heard from citigro citigroup. they topped a bit and wells fargo disappointed and a huge deal in pipelines, chuck. a $21 billion deal with kinder morgan buying out el paso e

for more on that and news before the bell let's turn to bertha coombs, live at the world headquarters. good morning. >> good morning. the futures are a little bit soft. it looks like a slightly lower open. we got earnings from wells far j go kind of disappointing. they keep kicking the can down the road and trying to give us details on the deal. $21 million merger proposal. if approved it would create the nation's largest gas pipeline operator. overall stocks coming off a strong week it saw them both pull into positive territory for the year. here on wall street we'll be very busy this week. this morning we get a flood of earnings. this is a big season for earnings. we already heard from citigroup and wells. ibmw up this afternoon. the nasdaq, on the back of all the enthusiasm over the iphone 4s sales and google strong earnings ended at 2667. president obama is kicking off a three-day bus tour, trying to rally support for the stalled jobs plan. lawmakers are trying to pass what they can. he has to do so cautiously baa many of his economic team have ties to the financial industry. >>>

let's check in with bertha coombs. >> and we are getting confusing signals.he officials are supposed to unveil a comprehensive bailout plan this year in a summit, but there are conflicting reports as if they will hold off on the summit, and meantime here at home we are in the thick of earning season. and the quarterly results came in better than expected, as the consumers spent 16% more, and a few of them racked up late payments. ebay reported strong earnings, and the company is trying to transition to an auction site, they want to compete with amazon. southwest airlines reported a rare loss this morning because of the efforts to hedge against oil prices going up backfired when the oil prices went down last month. for the holidays, southwest is expecting a lot of business. it looks like the airlines will charge between $4 and $10 more per passenger, and that becomes more when you add in the taxes, but sometimes the folks will undercut, and so if american doesn't join, maybe those won't hold, but as usual, book early. >> and use your american express card and

let's turn to bertha coombs who is live at cnbc headquarters for the very latest. >> good morning, ladiespon offering a discount. last spring there was talks of raising it to $50 million. now they scaled it back to $475 million. they're looking to offer shares at 16 do $18 a share. in the offering note letter to shareholders, ceo andrew mason says the company is growing its revenues, but the costs are too high to hold onto business. still not profitable. he warns there will be moments of brilliance and sheer stupidity ahead. buyer beware if you're looking for the ipo. >>> a lack of u.s. economic news today. it's going to be quiet overall. we had futures pointing higher. good earnings out of mcdonald's. ge was in line. and we are hearing from washington some folks trying to help out when it comes to real estate. two u.s. senators introducing a bill on thursday that would grant foreigners a u.s. visa if they invest $500,000 or more in cash in housing here in the united states. supporters say the plan could soak up excess inventory currently weighing down the housing market chrks is also wei

cnbc's bertha coombs is live with answers to that question. . >> good morning. >>> last winter when we started seeing this wave of revolution in the middle east, we saw oil prices shoot up. not really responding right now with the death of gadhafi. most experts agree that his death curbs a bit of uncertainty in libya. we certainly don't know what's going to happen with the government, and it's going to take time to bring production back to the 1.5 million barrels a day they were producing before the uprising. but long term it could be good news for oil supply. a new ap poll meantime says a majority of americans are still gloomy over the economy. it's not really news to you most likely. slightly more optimistic than they were over the summer. 70% of people believe the country is headed in the wrong direction, and 4 in 10 believe unemployment is actually going to go higher in the year to come. if you're worried and want to sock away more money for retirement, you may be able to contribute more money to your 401(k) plan. next year the irs is boost

. >> bertha coombs, great having you on. thanks very much. once again, here is tamryn. >>> right now, controversy surrounding a test men undergo to test prostate cancer. >> experts familiar with the issue are the surprised by the federal panel recommendation against routine psa screening for healthy men. >> there have been several studies looking at prostate cancer screening. the majority of those studies have failed to show that prostate cancer screening saves lives. >> at the heart of the issue is prostate cancer issues. it can be deadly and more over, the psa test often finds the less dangerous kind of cancer. >> psa testing results in overtreatment, meaning patients who often wouldn't need intervention are getting intervention. >> as many as 1.4 million men are estimated to have been overtreated, often with serious consequences include impotence and consequences. >> you can't go in. now you're all wet. >> some people are furious with this latest recommendation. drew cox learned he had prostate cancer after a psa test and got treatment whi