. >>> now a "market flash" with bertha coombs. >> this is a day when we only have three components in the s&p 500 that have hit new highs. among them is adt. it's the home security firm. it was respun off from tyco just last month. it is at an all-time high, up nearly 20% since it was spun off last month. it will be reporting earnings the tuesday after thanksgiving. for the week it is a big winner as well. while the s&p is down about 2%, adt is up about 3%. >> thank you very much. >>> you heard the president just a few moments ago. now for a republican response and we have representative scott garrett, a republican from new jersey, the vice chairman of the house budget committee. mr. ryan is the chairman of that committee. congratulations, by the way, on your re-election. glad to have you here. >> thank you very much. >> were you encouraged at all by what the president said? >> i'm encouraged that he's saying he wants to reach across the aisle and try to come to agreement. just before i came on, i got the little "rise above" logo. >> we'll be happy to see you wear it. i'll help you pu

>> thank you very much, bertha coombs. karen, an strong juxtaposition when you look at the decline in shares of zillow after hours and realogy. it just recently ipo'd. >> yes. it ipo'd and came at 33 was the first trade, i think of about there. and we still like it here. but i don't know if there is any read through, if it's a market share thing or more of an industry thing. >> let's move on here. cleanup continues on wall street and along the northeast coast, pumping water from buildings, rails and tunnels a top priority in new york's financial district and beyond. joining me is xylem's ceo gretchen mcclain. xylem is one of the big companies focusing on dewatering infrastructure in areas hit by sandy. gretchen, great to have you with us. >> thank you for having me. >> there is a lot of pumping going on in lower manhattan. i see it every single day. i don't know where the water goes from the holes it is coming out of, but it's going out of the places it doesn't belong. in how many pumps have you got downtown, and how long

with bertha coombs. rtha. >>> bombshell this afternoon. >> first we had david petraeus resigning because of an improper affair and now incoming ceo, christopher cued sec at lockheed martin, the nation's top defense company resigning. after an investigation showing an improper relationship with a subordinate named in succession. the incoming coo who was going to replace him will replace him in january. marilyn hughson shows they have succession in place that's fairly seamless. >> thanks for that update. time for the upside call. we take a look back on previous winners. give you the next move. a couple of weeks back dan made a bearish call on jp morgan stock. shares have fallen about 5%. but he has made seven times and here is how. >> on "options action" it's money in the bank. risk less so we can make more and that is just what dan did on his bearish trade on jp morgan. >> if obama gets elected and i know there is a lot of excitement with romney this week i think he gets elected and air comes out of the st

bertha coombs is at the market flash keeping an eye on -- >> fretreasuries. this part of fixed income, you can see the risk off day, treasury yields are much lower today. we saw a move into the close with a bit of risk on. you saw some selling today and we are lower. just at this hour, moodys reiterates that a downgrade is possible if the deficit is not addressed. it's looking ahead to the deficit talks and the fiscal cliff. >> josh brown, what do you think? >> i think what you want to do today, if you haven't already, look at your lower conviction holdings and ask yourself, are they really worth holding through this fiscal cliff driven a period of time. >> you're talking about stocks, not bonds? >> yeah. with bonds, i don't see any huge opportunity to jump into treasuries specifically if you're holding period is shorter term. stick with cash. there are going to be good entries for equities and over the medium term i think that is where you prefer to be. >> joe, you just said that president obama is a bond market's best friend. does that mean that you can sti

we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> good morning. last week, markets were kind of bland because congress was out of town. they came back, started talking about the fiscal cliff, and we see markets yesterday sort of take a bit a nose-dive. particularly after those comments from harry reed when he said it was time to stop the happy talk in his words. that overshadowed a lot of positive news that came in in the morning in terms data home prices, consumer confidence. we'll get data this morning on new home sales and a report from the fed on regional economic conditions. the dow after those comments from harry reid falling 89 points. and some changes in -- hopefully they can find their way there. apple has reportedly fired the executive in charge of developing the map software. rich williamson has left the come. he oversaw the app that was included in the new software and preinstalled on the new iphone 5. critics and consumers have complained the app is inferior. with apple preparing a new app for the iphone, seems apple wants to get its

bertha coombs is currently at the break news desk to bring us any information that she has as soon as thooe she hshe has it. we'll monitor that for you. >>> china has a new leader but little is known about the man picked to lead the country. let's gli peter navarro, economist and director of the film "death by china," peter, i'm very interested in your assessment of xi jinping and whether or not this man can lead this country into the 21st century considering that a lot of conservatives got in as opposed to reformers. >> well, first of all, this is just a brilliant choice on the part of the chinese. it's the best possible face you could put to the west. kennediesque charm. rock star wife. harvard daughter. got it all. question of course is going to be whether his actions are able to speak louder than his charm because he is surrounded by six hardliners. that's going to be the question. >> what does it mean for us? in the west? >> first of all, china's got its own version of the fiscal cliff. it's the export dependency cliff. one of the first things xi could do would be to basically in

bertha coombs. we'll keep checking back as the story develops. the gas crisis is not the only problem plaguing the new york area. grocery stores are now faced with the challenge of restocking their shelves. jackie deangelis is at a grocery store in new jersey right now with this evolving story. >> reporter: good afternoon. i have to piggy back off what bertha said. power is really the central problem here as well. power is impacting the supply chain to the retail stores. now, we're here at a kings super market in hillsdale, new jersey. they weathered the storm very well. they're waiting for deliveries all throughout the day saying it could be a little hit or miss, but they've pretty much gotten exactly what they've needed. the hot items are things like bread, water, wood, also ice. as soon as it comes in the doors, it's out the doors again. it sells out really quickly. we went to some other stores last night and also this morning. the picture wasn't quite as rosy. these were stores that didn't have power. they had to completely get rid of their p

bertha coombs joins us now with the very latest. bertha? >> reporter: scott, we're off the waters of bayonne. behind me is the imtt. it's a massive terminal here. hess also has a massive terminal here. normally these would be full at this hour with tankers offloading. the harbor here in new york was opened only yesterday, and so we are starting to see some tankers come up. we are working today with the folks at bashard transportation. they normally transport somewhere in the area of 600,000 to 700,000 barrels of product a day. six, seven tankers a day or so that come in here to imtt. they are starting to bring son-in-law up, at about 40% capacity today, but the problem is big terminals like this still don't have power, still aren't out. so even if you lift the jones act and allow other tankers to come in, until these terminals get power to start pumping that gasoline and other products, it's really going to just cause another bottle neck on the water rather than at these terminals. the one thing that people are waiting for is for that power

. >>> bertha coombs has a quick "market flash." what are you watching?> mandy, carl icahn is sending a message to shareholders of oshkosh. he says the board there is obfuscating his message. he says he does not want to take the company private. he has a tendered offer he has extended. he is the biggest shareholders. he's offering shareholders $32.50 saying surrender your shares to me. he wants to kick out management because he thinks they're not doing a good job or install his own slate of directors. the company says carl icahn's offer is not good for shareholders so the debate continues. nonetheless, stock today is off the market, 2.7%. >>> next up, another good reason to keep popping that cholesterol pill. >>> and speaking of cholesterol, brian, a big miss for two fast food giants. what's the deal here? are people trading up to upscale fare or are we basically losing our appetite for eating out? "street signs" is back after the break. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm ha

thank you. >> want to get to bertha coombs with breaking news.the flash desk. >> we've been watching the stocks here. take a look. we've got a recall on nestle. it's recalling its chocolate saying one of the elements that goes into it has been exposed to salmonella. they're voluntarily recalling a number of sizes. you may want to check the label and check with your store. >> wow. hasn't affected the stock yet. >> not yet. chocolate milk very popular. >> yes, it is. thanks, bertha. >> 15 minutes before the closing bell sounds. we're worsening as we speak. down 82 points on the industrial average. >> banks have been one of the few bright spots on wall street today after a massive selloff on wednesday. what's behind that? we'll take a look. >>> and we'll ask jamie dimon about that tomorrow. don't miss my exclusive interview with him. we'll sit down with him tomorrow and find out how he thinks wall street will fare under president obama. that's tomorrow on "closing bell." if we want to improve our schools... ... what should we invest in? maybe new bu

for more on that and the rest of our news before the bell, we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> reporter: good morning. the futures right now are flat. stocks took a little bit of a step back on monday. the s&p snapped a five-day winning streak. investors are still cautious, watching what's going on in washington with the budget talks as lawmakers try to aindividual the so-called fiscal cliff due at year end. stocks came off of their lows on news that european leaders reached a deal to cut greece's debt. that's giving a little bit of a boost to stocks in europe. today we'll get data on demand for durable goods, home prices and consumer confidence. the dow slips to 12,967. the nasdaq edged up on the day, was up ten points to 2976. >>> and i don't know about you, but my fingers are a little calloused. a lot of folks joined me yesterday and they were doing a lot of pointing, clicking and touch screen shopping on cyber monday. ibm smarter commerce says as of 9:00 p.m. eastern sales at 500 of the top retail websites were up 28% from the same day

>> it says your name. >> bertha coombs has all the numbers for us.e did set some benchmarks. >> we did. it was a great day. we're calling it the rise above rally today. it was a broad rally. everything back in the black today. or in the green we like to say when we take a look on the screen. all the major averages moving higher. dow having a great day. all 30 components finishing higher on the day. you also had the s&p. the nasdaq was the outperformer. the nasdaq 100 in particular. one of the reasons was apple. it was among the best performers of the day. tyson had a fantastic day after earnings beat the street handily on the bottom line, 55 cents versus 45 cents even as revenues came in shy, driven by pork exports. apple having a strong day, abercrombie with a good report as well. apple accounted for about 14% of the move up today in the s&p. it accounted for a third in the nasdaq composite. with today's recovery, up only about a week high, but with today's up, it moves out of the bear territory, no longer down 20% from the all-time high of $700. a

. >>> now to bertha coombs with a "market flash." >> sue, utilities are the worst performing sector today. they've certainly taken a beating over the last three segs. not so surprising, some of the utilities here in this area like con edison and pse&g are off more than 4% as they continue to deal with this power outages. >>> two major stories now on the impact of the storm and how it may affect politics. john harwood on some new polling with just hours to go before the voting starts in earnest. first kayla tausche reporting on how people hit by the storm are going to vote. >> ty, it is a basic american right voting yet thousands of new jersey residents have been isolated by super storm sandy. garden state was one of the hardest hit by the storm with some 870,000 customers without power and thousands still living in shelters across the state even with election day approaching. in addition to moving and consolidating polling locations across the state, officials have provided a few alternatives. first, pushing people to vote early especially over o this past weekend. early voting today clos

let's get to bertha coombs. she has news on market flashes. >> a couple of companies reporting after the close here. they are tumbling. take a look at expressscripts. revenue is a little light. it's lifting the lower end of guidance for fiscal 2012. it won't give guidance until 2013. in the release it says expects claims lost from united healthcare, a weak business climate, all of that. the company views, according to them, the current consensus estimates for 2013 with overly aggressive. shares down about 10%. zillow getting hit. revenues were better than expected for third quarter but its fourth quarter outlook is disappointing. revenues of $30 to $31 million. some estimates above $32.5. making a small deal. >> thank you so much, bertha coombs. >>> hold onto those generators, a powerful nor'easter packing heavy winds, rain, even snow threatens to hit areas still struggling from sandy. unbelievable. another storm coming. it's the weather report tomorrow that could have the biggest impact because it could affect

bertha coombs joins us. >> one of the major loelders in krispy kreme has been selling off quite a bitf his stake. the largest holder in krispy kreme with over a 10% stake, we've seen a number of these filings coming through. they filed in september saying they'd reduce their stake by a million shares. but today a lot of these filings come across the tape, they are showing that -- putting some pressure on the tape. >>> you can rent to own a couch. you can rent to own a car. you can rent to own a house. i wonder how far. you can fix your credit rating at the same time. if that weren't enough, can you invest from the other side and profit. how? you'll meet a couple doing it after the break. i've been a superintendent for 30 some years at many different park service units across the united states. the only time i've ever had a break is when i was on maternity leave. i have retired from doing this one thing that i loved. now, i'm going to be able to have the time to explore something different. it's like another chapter. sfx- "sounds of african drum and flute" look who's back. again? it's

back to you. >> all right, bertha, thanks so much, bertha coombs for us down in lower manhattan. again the significance. this is the first time we're seeing the man accused by the feds of pulling off the biggest insider trading scheme in u.s. history. herb, thanks to you, as well. we'll see you again soon. and when "halftime" comes back. from black friday to the cyber monday rush, we're on the hunt for new retail stock plays and a top portfolio manager is going to tell you what should be on your shopping list. >>> and later, citi initiates coverage on america's favorite stock, apple with three separate analysts. they'll all join us exclusively to dissect the tech giant. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free t

all right, bertha coombs, thank you much. >>> we try to hold a high standard here and jon just pointed out i made a mistake on that groupon where it says 2001 on the video i just showed you a minute ago. it makes me feel a little silly when i point out somebody else's mistake. yahoo!'s ceo marissa mayer at fortune, this was yesterday. yesterday they misspelled miss mayer's name. the problem with this here is that her name is m-a-y-e-r like the bologna. she said people have had trouble with her name ever since john mayer started singing. he's -- anyway, people mispronounced his name and misspell it and misspell hers as well. >> i'm going to have that song in my head all day, scott, thanks. >> you're talking about my body is a wonderland. >> i'm sure many would agree, christina. >> agree that your body is a wonder lady, my bad. good morning to you. it's going to be kind of rough as we head through the next few days. i want to start just to the south of tracy. look at that, little pop-up storm this morning. we don't have any widespread activity when it comes to thunderstorm development an

for more on that, we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> reporter: hey, good morning. yeah, you know, wall street basically reacts to those headlin headlines. that's what's moving us these days. we had a fairly choppy session on thursday because of it. the markets rose and fell, as you heard from democrats and republicans. they started saying the talks weren't going well. that's when things started to go lower. lawmakers are edging closer to that year-end fiscal cliff, 31 days and counting now. today we'll get data on personal income, spending and manufacturing. we've got the futures pointing to a higher start. we'll see if the dow can extend its gains. it closed up 36 points to 13,021. the nasdaq up 20 to 3012. with one day to go in november, the nasdaq and the s&p 500 are in the black, but the dow is still in the red for the month. >>> zynga and facebook have changed their friend status. they're not as attached to one another. the companies have amended the terms of their partnership so zynga will no longer have to

foe details we turn it over to miss bertha coombs live at cnbc world headquarters. good morning. >> reporter: good morning, jon. i can see that neither of us had those winning tickets from last night so we will continue to work here the rest of the week. futures this morning a little higher after stocks advanced going into the closing bell. yesterday investors reacting positively to comments from president obama and house speaker john boehner about the likelihood that congress will reach a budget deal to avoid that so-called year-end fiscal cliff. today we'll get data on unemployment claims, we'll get pending home sales and a revised estimate on third quarter gdp which may show the economy grew more than previously thought this summer. the dow jumped 106 points to 12,985 while the nasdaq was up nearly 24 points to 2991 on those positive comments. meantime small businesses hit it big on cyber monday. digital research firm big commerce says a surge in orders drove overall revenue for small chains and mom and pop stores up 25% over last year's cyber monday. the average

bertha coombs joins us today. >> the fbi is looking into the hp account iing impropriety.eal culminated under former manager. >> former portfolio manager investors acharged today in the most lucrative insider case today. 38-year-old matthew martomo accused in illegal profits from a doctor involved in an alzheimer's drug trial. the unit owner was aware of the trades. spokesman tells cnbc that cohen and the firm are cooperating with the probe. he is the third employee that has resulted in more than 60 convictions so far. >> we appreciate the update. now let's go to the war in the middle east. still no cease fire deal. israel. you will never guess which target they took out today. that whole story continues and is up next. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios

over to bertha coombs. >> soup's on for campbell's, carl.heir earrings a week from today. this food will be looking for 85 cents on the bottom line, $2.37 billion. yesterday they announced a deal with sodastream. today they put in new 52-week high, taking out a high from a month ago. back to you. >> thanks, bertha. >>> a little bit later, it's a move worth some ink. we'll find out why paperless post is launching actually paper cards. the ceo will join us live. "squawk on the street" back in a minute. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservation and self-contained recycling systems... ... and protect land - by reducing our footprint and respecting wildlife. america's natural gas... domestic, abundant, clean energy to power our lives... that's smarter power today. ♪ ♪ ♪ [ male announ

sort of the hole in the donut but bertha coombs is watching that back at hq. bertha? >> yes.kind of interesting. telecom stocks are doing well with at&t. and the power stock, you have crown castle at an historic high and amt has come off of the highs but it's at a new 52-week high as well. way to buck the trend today. back to you. >> bertha, thanks a lot. another storm is barrelling up the east coast. meteorologist todd gross is here with what we're calling the nor'easter athena. todd? >> yes. that's what the weather channel has named this winter storm. let's think of this as a knockout nor'easter ark very strong storm that hovers off the northeastern united states from time to time. this one, the most powerful one that we've seen in a couple of years if you don't count the hurricanes like sandy that have come up. you can see the structure of the storm that we're superimposing here. you can see the whole banana and basically it's moving right up into long island, northern new jersey. we're looking at southern connecticut and there are several factors with this storm. let's ze

bertha coombs back at the nimax. >> oil spiking here this morning. there are reports out of israel that israel has conducted a military action killing a senior hamas leader. an air strike in the gaza area killed the head of the hamas military. one of the things a number of traders heard about that earlier but one thing is an israeli military spokesman says this is the start of a broader operation. so that is one of the things. it seems to have the market a little bit on edge and has them bidding up oil at this hour. the one trader i talked to said between the tensions between israel and hamas if we'll see that spiking up obviously israel and syria over the last few weeks, that's better than israel and iran. back to you. >> that's true. bertha, thank you very much for that. congratulations if you are hold cisco shares coming into this session. they are experiencing a good bump on last night's results. we'll talk about what they are doing right and whether risks lie ahead next on the program and who would be affected the most if we go over the fiscal c

bertha coombs found one at the nasdaq. bertha. >> we'll get to that in a minute. i'm going to make you wait for it. take a look at some of the big cap drags today. r.i.m. back up to the best performer so far in november. today we're seeing a pullback on some concerns that maybe the blackberry 10 may not be all it's cracked up to be. apple off of the lows, but whenever apple is lower, so is the nasdaq. monster beverages up today. the best performer in terms of big caps on the feeling that fda isn't going to have a big crackdown on energy drinks. green mountain coffee ahead of its earnings, also up today. acadia is the huge winner today. shares more than doubling on monster volume. more than 45 million shares trading hands. the company has a drug to treat alzheimer's in late-stage trial. rather, parkinson's. they still have a ways to go before sending it to the fda. this stock was trading below $1, folks, in the fourth quarter of 2010. its biggest stake holder took a 5.25 million share stake. nice return. >> good stuff. bertha, thank you. thank you very much. there

bertha coombs has details. bertha. >> that's right, simon. they will admit guilt and pay the largest fine ever by a u.s. corporation -- 2 1/2 years after the deadly 2010 deep water rig explosion that led to the worst oil spill in u.s. history. 11 people died in the blast of the well. in a statement, the bp ceo bob dudley said the company deeply regrets that loss of life adding we apologize for our role in the accident and as today's resolution reflects we have accepted responsibility for our actions. bp agrees to pay a $4.5 billion fine to settle doj and s.e.c. charges. company pleads guilty to 11 felony counts of misconduct or neglect in relation to those 11 people killed. two environmental charges and one charge of obstruction of congress for misleading the investigation led by massachusetts congressman ed markey about the flow rate. he called the fines and penalties appropriate. now this settles the criminal complaint but bp still faces massive civil claims when it comes to the clean water act. the company's existing $38.1 billion chart ag

for that and the rest of your news, we'll turn to bertha coombs at cnbc. >> good morning, scott. warren buffett right now on our squawk box program saying he thinks it's better that politicians don't negotiate the cliff in public. and certainly investors probably feel that way too. futures are slightly lower. the markets fell on tuesday after senate leader harry reid who said congress has made little progress on a budget deal to avoid a year-end fiscal cliff. it was really the tone, saying it's time to end the happy talk. that overshadowed positive reports on home prices and consumer confidence. this morning, we'll get data on new home sales and a report from the fed on regional economic conditions. the dow fell 89 points. the nasdaq losing nearly 9. if you're flying over the holidays, it's going to cost you more. airfares expected to be about 5% higher than last year. if you leave on the saturday before christmas and return on the following saturday, the saturday discounts won't apply. your fare could be 27% higher. it's not deterring many people who are willing to pay higher pr

bertha coombs on that story in the new york harbor. bertha? >> reporter: brian, the big thing that is allowing that actually is the reopening of new york harbor. had been closed since last saturday. they reopened yesterday and companies like bouchard transportation were on their tugboat here in the harbor just across from bayonne. they resumed operation but they are only at 40%. that's the imtt terminal here in bayonne. there is a hess terminal as well. these are the two big terminals here. they don't have power. we've been hearing from a number of sources that different ports have been called, most in the jersey area are down. the port of newark, they don't have power. a few of them are starting to come back with generator power. let's give you an update on where things stand. the biggest one here in bayonne, still down. don't have power, although morton bouchard says they are likely to come back by the beginning of next week. some sources are hearing that they might come back even sooner. it doesn't appear that there is any physical damage.

let's get to bertha coombs with a market flash update. >> kayak shares have reopened for trading.he very recently listed ipo. they went public just last july 20th. a company agreeing to be bought out by priceline for $1.8 billion. that amounts to $40 a share. shares opened just above that. interesting, they were also reporting their earnings this afternoon. they don't have a conference call, but one of the reasons priceline may like them, they are growing very quickly when it comes to mobile. they process 56 million queries on mobile. that's up 87% from a year ago. the revenues they got from mobile grew 63% from a year ago. >> all right, bertha. thank you so much. >>> marc dreier may not be the household name that bernie madoff was, but maybe it should be. >> i had over $100 million in the bank. could have stayed in dubai. i was a little distracted by that while i was having meetings all day with prospective clients knowing that i was likely to be arrested when i returned to new york. >> i'll talk with the documentary filmmaker on the other side of this break who also happens to b

now a market flash from bertha coombs watching an individual mover today. >> that's right.igher oil prices for wti good for marathon oil. third quarter earnings in line but ahead of estimates with revenues over 4.1 billion. the estimate was 3.5 billion. upstream drilling saw production up driven by the strength in the bakkan and eagle ford shale plays. total production for the libya production was 438,000 barrels per day compared to 386,000 a year ago. >> bertha, thank you. josh, do you have a trade in the energy patch today? >> i like marathon, murphy, chevron. these are names that haven't done much. but there are less of them thanks to spin-offs, consolidation. names like this are rare. i think most of them are valued very ease bli. >> he likes you, murph. >> i see that. >> creepy. >> among the big issues the market is bracing for is tax policy. eamon joins us with that part of the story. >> hey, scott. let me walk you through the differences on tax policy. if you go to the website here is what you will see. i'll tell you why that doesn't matter. mitt romney wants to have

. >> for the check of the futures and how they're looking this morning, we turn to bertha coombs, she's live at cnbc world headquarters. good morning, bertha. >> reporter: good morning, jon and laura. it seems as though investors are basically trading on every bit of body language and tone, not to mention the words that come out of washington. we had a pretty choppy session on thursday. markets rose and fell on comments coming from democrats and republicans about the lack of progress on budget talks on capitol hill. lawmakers are edging ever closer to that year-end fiscal cliff. today we'll get data on personal incomes and spending and manufacturing. the dow ended the day up 36 points to 13,021. the nasdaq up 20 to 3012. with one day left to go in november, the nasdaq and the s&p 500 are in the black for the month, but the dow is still in the red. >>> president obama today heads to pennsylvania to tour a toy factory outside philadelphia as he continues to push republicans to let the bush aera tax cuts expire for people who make more than $250,000 a year. tim geithner made the president'

bertha coombs is here with that angle. over to you. what can you tell us?as those headlines cross, and in particular the headlines coming from israel that this was the beginning of a prolonged effort to combat hamas. that is what september oil spiking up 1% on a day when after poor retail sales, we really were seeing not much movement at all. traders are saying this definitely puts the geo political risk on the table as martin describes. the fact this could spread and cause more destabilization in the area. what they look for as well, this is not an oil producing area. this could spread. what it means if israel is willing to act so forcefully with regard to israel, perhaps, and iran. that is the big picture and what would really send oil prices much higher. meantime, tomorrow morning we'll be getting the inventory number on both crude and gas. we are expecting to see the first draw down of the season. back to you. >> all right, bertha. thau thank you. one of those rare days where energy and equity are going in opposite directions. we'll get into that coming

bertha coombs is keeping an eye on the movers today, including the retailers. >> a lot of them are reportingngs to sales. macy's up 4.1%. it also says same-store sales for the second half of the year are going to be stronger. 3.7% growth. now, it looks at at least 4% growth. kohl's up 3.3%. street only looking for a fractional gain, but it says t not going to report sales in 2013. it's also giving a lift to -- back to you guys. >> thanks so much. just a few weeks away from retail's busiest time of the year. can you believe that? but in the wake of hurricane sandy, stores across the northeast remain closed and it's unclear when they may reopen. morgan stanley restale analyst joins us now with which stores are being hit the hardest. welcome back. who should we be looking at here taking the brunt of sandy at this point? >> we've got a chart here that shows that saks, ann taylor, macy's have the highest expos e exposure. we had a chance to this morning to speak to a number of of these retailers. they're emphasizing it's important their employees are safe and accounted for at this point, so that

. >> as part of our coverage on th veterans day, bertha coombs joins us. >> veterans have started theirn business, almost 10% since world war ii. many are like donna sanders. after eight years in the marines and seven in the reserves she wanted to transition to working for herself. the kaufman foundation class for veterans helped her get the skills and net quoshgs she needed to launch her own energy audit business this year. >> we didn't care about the competition, you know, of my business might be competing with yours, which might be competing with his. we were all in it for each other. >> with hundreds of thousands of vets set to transition out of service programs like the sba's boots to business, they are ramping up entrepreneur courses specifically for vets to help them capitalize on their military experience in business. >> they have the ability to think through risks, to mitigate it, to manage through it, to partner with others in a way that many others are not equipped to do. >> air force vet justin ashton say vet ra entrepreneurs are win-win for the economy. they say when small

. >>> bertha coombs is on a tug in the harbor right now. that's going to be instrumental in getting more gasoline. >>> but first, kate kelly has more on the port situation in bayonne, new jersey. kate? >> reporter: thanks so much, michelle. we're here right in new york harbor where things today are slowly coming back to life after nearly a week in which this harbor was closed to marine vessels coming in and out. yesterday the coast guard opened this harbor for the first time in nearly a week. the port of new york and new jersey to boats with a special aim in mind, bringing gasoline and diesel to the city for much needed replenishment of empty fuel stations. there was an unflux of barges bringing petroleum products in the afternoon i'm told, followed by some additional traffic this morning. we're having a little bit of trouble. thank you very much, kate. >>> now to bertha who's on a tugboat out in the water. bertha? >> reporter: thanks very much, michelle. we're on the other side of bayonne on the water. behind me is one of the largest termi

bertha coombs is not far from me, live in lower manhattan with the details on that. hi, bertha. >> reporter: hi, sue. it is the most lucrative insider trading scheme charge to date and the man charged is the highest profile person affiliated with sac capital charged today in the long running insider probe. 38-year-old matthew martoma, ahead of this morning's bail hearing, seemed very poised and almost upbeat as he arrived with his wife going past a gauntlet of reporters. a former fund manager for cr intrinsic, a unit of sac capital, is accused of obtaining inside information on an alzheimer's drug trial that netted his firm $276 million in profits. bail this morning set at $5 million. he'll have to get three financial signatories, one of them can be his wife. $2 million in cash or property he'll have to put up for that. he has fairly wide leeway as far as travel. he's able to go to the new york area and massachusetts and florida where he has homes. at his florida home that he was arrested six days ago. martoma is the fifth person affiliated with sac capital who's char

. >>> welcome back to power lunch, i'm bertha coombs. batching shares of ringo, a small company, but a very big patent case going on now in virginia. the jury has been now deliberating for four days, a fourth day today. they are suing google, aol and others over search patents that they say those companies have infringed on, search patents they had bought back from lycos years ago. today, the stock broke, two individual stock circuit break, this morning, a number of players anticipate we may see a verdict. we will give you more if we get more news. these one of the stocks that is halt ted moment and we are watching. tyler, back to you. >> fantastic, bertha, thank you. >> talk about your one/two punches much of the northeast, still suffering with the devastation of hurricane sandy. now, a northeaster is headed toward the very same battered coastline. let's get the latest on the storm's track from meteorologist todd gross. hi, todd. >> i know it's hard to believe but it is happening it is coming to fruition, another storm, a significant no

. >>> bertha coombs has a "market flash." >> watching shares of nokia.emaker is up today over 12% in a technical move, it spiked up nearly three times the daily volume. couple of good notes this morning, one out by cleveland research, a boutique firm, saying the lumia 920 seems to be selling better than anticipated. and also that the deal is trying to acquire a small mapping on a phone. >> one southern u.s. city is one of the hottest names in global real estate right now and cnbc wealth editor robert frank got a firsthand look at the swanky inventory. >> reporter: we are here in miami with foreigners pouring money into mansions like this one. that's coming up next. >>> the national debt grew $112 million per month, on average, between june 2011 to june 2012. >>> the official holiday shopping season begins this week. we asked you what your plan is. 9% said i'm spending more than last year. 33% said i'm spending about the same as last year. 51% said less than last year. 7% said i'm increasing my donations to charity. that's a good one. let's see what's com

over to bertha coombs. >> we did close off of the lows.nformation technology was the worst sector of the day while we saw health care was higher. consumer discretionary. that was really fueled by the housing sector after that strong housing starts report this morning. housing starts at a four-year high. pulte homes one of the day's best gainers. the biggest gainer to date, up over 165% in 2012. lennar is up 94% year to day. masco, that topped the s&p 500 today. whirlpool rising to a two and a half year high. heart pump maker heartware surging after the fda approved its left ventricular assist device. it's a smaller implantable version of the heart pump that helped keep former vice president dick cheney alive before his heart transplant. technology was definitely the big stinker of the day. hp hitting a ten-year low after the massive write down on accounting issues with its autonomy acquisition. collateral damage spreading to ibm. apple back below correction territory, down 20% from its all-time high. and the huge disaster of the day, all b

let's get to bertha coombs with a market flash update. >> priceline beating the street on earn this afternoon. revenues topped expectations at $1.71 billion compared to $1.66 billion estimate. gross books up 25%. a lot of that led by international booking. linkedin also getting a pop here after earnings. the company's third quarter earnings came in at 22 cents a share. that was better than expected. revenues also better at $252 million. its raising its outlook for 2012. it's now 939 to 944 million. >> all right, bertha. thanks so much. >>> the massive cleanup from sandy continues as insurance claims mount higher and higher. i'll be talking with the head of aig, robert benmosche, next, about sandy's potential impacts. stay with us. >>> then, gas lines snaking down highways and around city blocks in new york and new jersey. an energy pro up next tells us how long it could last. >>> as we take a break, here are some sobering before and after pictures of the damage on the jersey shore. stay with us. ♪ chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how

want to get to bertha coombs right now. she has breaking news. >> maria, another ethics related resignation this afternoon. this time at lockheed mountain. the board there announcing they received a resignation from christopher, the incoming ceo. would be the ceo effective in january. they said they accepted his resignation after an ethics investigation confirmed he'd had a close personal relationship with a subordinate. meantime, marilyn houston will now be the new ceo effective january. >> all right, bertha. thanks very much. meanwhile, president obama playing the veto card today in early negotiations on solving the fiscal cliff. in fact, our chief washington correspondent john harwood now with more details on what the president said. >> maria, he reiterated the position he's held for the last two years throughout the campaign. you have to listen closely to the words used by the principle negotiators. first was john boehner today, who with drew a line not against additional tax revenue but only against the idea of raising

over to bertha coombs for a quick market flash on that. what's going on? >> thanks, bill. the stock had been halted today. the fda has approved the company's heart pump device. it's similar to the one that former vice president dick cheney had while he awaited his heart transplant. heart failure kills some 300,000 people a year. this one is smaller and actually could be helpful to smaller people because it's implantable in the chest. the stock there, you can see, gapping up to a one-month high. >> all right, bertha. thanks so much. as if it wasn't tough enough getting republicans and democrats to reach a deal on the fiscal cliff, both sides will now have to rise above inside their own parties. >> eamon javers in washington has the latest details here. >> hi, bill. yesterday i was in an empty hallway here on capitol hill. today we have an empty stairway here. just a couple tour groups up here. otherwise, it's pretty dead here. that's because most lawmakers are already home for thanksgiving break here in washington. the staffers who are here have come up. it's a relaxed day.

bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today. cnbc looked at a portfolio of etfs that correlate with the moves in the market on the fear of hitting fiscal cliffs in particular sectors, including etfs that short stocks, negative bets on the market, like the ultrashort s&p eft. down all year, its been a gainer since the election. consumer shorts, technologies, financials have been gainers since the election, until today. with more conciliatory talk coming from the white house and congressional leaders over the weekend, investors are showing more optimism maybe we will avoid the cliff. the snydr s&p and aero s&p are gaining. also higher the 20-year treasury short etf. whether or not we

bertha coombs looks at which stocks could be most at risk over the next four years and which could benefit under the president. over to you, bertha. >> on the morning after, some of the worst-hit sectors are those which had seen a good run-up over the last few weeks. case in point, coal stocks. they got a boost after mitt romney's strong performance in the first debate. no surprise, financials, the worst sector in the s&p today. a second obama term likely will mean continued pressure for financial regulation, not to mention vocal wall street critic elizabeth warren being elected to the senate from massachusetts. health care insurers were the losers today as 2014 will come with new taxes for the sector. but hospitals surging because obamacare should cut uncompensated care. they standing to big losers if the fiscal cliff is not averted. that will be the big play here. so far, consumer discretionary, technology stocks have been the best performers, more than doubling, despite the sluggishness of the economy. all ten s&p sectors actually were positive over the last four years. more defensive s

. >> bertha coombs now an update on whole foods. the cop friends call going on now. >> trying to get an impact on san day and the company stays is not able to quantify it. they did see prestocking ahead of the storm, a lot of stores, particularly in the new york area, new jersey area were closed a lot longer than they normally would be because of the power situation. right now, what they are seeing people who have come energy the comps are higher than normal, up 20% in terms of what they are buying to restock at this point, but they are just not willing to say what impact. they are standing by their outlook for fiscal year 2013. at this point, they don't think it's going to have any long-term impact on their fiscal first quarter. >> bertha, thank you for that market flash. >>> ceos across america are fed one fiscal cliff gridlock and taking a stand. up next, we will hear from one of them, tenneco ceo gregg cheryl is up in a must-see interview, up next. if we want to improve our schools... ... what should we invest in? maybe new buil

. >>> i'm bertha coombs with your cnbc market wrap. day with stocks with investors worried about upcoming meetings on the fiscal cliff in washington. the dow down 59, the slp slips 5 and the nasdaq lower by 20. home depot bucked the trend ending 4% higher. earnings ahead of expectations. after the closing bell earnings from cisco systems beat estimates. revenue was also better than expected sending shares up after hours. that's it from cnbc. we're first in business worldwide. now back to "hardball." ♪ >>> welcome back to "hardball." today president obama began another campaign to get both democrats and republicans working together to avoid the economic mess that looms ahead. the so-called fiscal cliff. well, today he met with labor leaders and leaders in the progressive opportunity to soften the ground for a deal and found out how much leeway they will give him. here is president richard trump ka immediately after the meeting. >> we're committed to making sure that the middle class and workers don't end up paying the tab for a party th

. >>> to the nasdaq now where bertha coombs is following the big movers over there. >> consumer discretionaryg here. green mountain coffee after much better than expected earnings up 25% near the highs of the day. costco is issuing $3 billion in debt in order to pay a special $7 a share dividend ahead of the fiscal cliff. r.i.m. started lower after losing a court case to nokia, a ruling. but it is now positive in a big turnaround today. groupon, the ceo came out saying whatever rumors are that the board is looking at may be getting rid of me, i would look at getting rid of me if i fail. >>> starbucks has a new coffee -- $7 a cup. $80 a pound. called geisha. a silky fought feel. >>> president obama says he believes the framework for a debt reduction deal can be reached by kras map. how realistic is that given all the partisanship and rhetoric? joining me senator kent conrad, democrat from north dakota and outgoing chairman of the senate budget committee because he's retiring. you said earlier all these ceos are really down here just to recruit you in retirement. right? >> that's been my unders

. >>> bertha coombs is up down at nasdaq. >> despite today's trading, the nasdaq composite and nasdaq gainers for the month among the major indexes. the nasdaq 100 in fact up nearly 1%. biggest gainers on a percentage basis for the month, green mountain coffee and rim. both very controversial stocks, both up 48%. in infosys will switch its listing over to the nyse effective december 12th that means there will be a new stock. next stock in line in terms of large market cap is facebook. facebook today is flat as it moves away from zynga a little bit. but look at this month. facebook has had its best month since listing. the stock up about 28%. and its gain this month has actually meant that it has had the most positive point impact when it has come to the mdz nasdaq xos fit. likely now to be added in to the nasdaq 100 some time next month. that will be something to watch. >>> let's get a check on how the bond market is moving right now. rick santelli is our guy at the cme. >> we'll talk currencies. we always look to look at one-week charts on friday. these one-week charts are very inter

i'm bertha coombs. we have a market floosh here on cliff national resources. one of the worst performers in the s&p. steel industry has been under pressure and the company says it is going to idle some of its minnesota mine in january and one in michigan later on in the year. the outlook they say continues to be uncertain as far as the economy. the stock here bouncing off of the day's low but steel having its own problems in terms of cliffs. back to you. >>> thank you, bertha. brian schactman has some breaking news on hostess. >> of course we're trying to figure out who might take these brands over if they get their approval to liquidate here. private equity firm sun capital partners according to "fortune" wants to buy hostess out of bankruptcy. if you haven't followed this story before, they'd expressed interest in getting involved in hostess earlier but were rebuffed by the bakery as they tried to go in a different direction. obvious tla other direction failed. we will find out if they were approved to liquidate and see what kind of management will be taken

bertha coombs, what do you see? >> home depot definitely nailing it with a big beat on the third quarter earnings and sales, and the home improvement giant raising its full-year outlook, above consensus. strength in all u.s. regions. they say pro contractor business is up, but this does not include superstorm sandy impact, which hit on the first day of its fourth quarter. by comparison, hurricane irene last year boost sales by $360 million over two quarters, and makes for very tough comps in the northeast. so we'll see what to expect ahead as people start to rebuild. >> indeed. bertha, thanks so much. josh brown, this is about housing and the housing recovery. >> yeah, this has been the most obviously way to play. not just housing and home building, but actually all the foreclosures that have now become rental units. the first thing people do when they take one of these from the banks is spend $50,000, $60,000 to fix them up. so home depot is really strong, but i will tell you, i think lowe's is a more compelling op

let's first start with bertha coombs with apple's impact. >> apple here is negative, but the draw down from apple is being offset by the likes of green mountain coffee. take a look. up nearly 28% after posting better than expected earnings and raising its outlook above estimates. costco with that special dividend, that fiscal cliff, clearly paying dividends as companies like costco issue them ahead of the year end. $7 a share there. also, r.i.m. higher today. google providing some strength. hardware sector driven by apple, dell, and seagate technology are the drag when it comes to technology overall. groupon having a big turnaround. higher in the day but even higher after its ceo came and defended himself saying, hey, folks are talking about me maybe being fired by the board. i'd be the first to fire me if things didn't work out. come back out to the board. gold stocks today started in the red. sharon has more on the actual gold sell-off. >> bertha, it started at the open here on floor trading. we saw gold prices drop about $20 just in the first minute. a lot of sellers going off there