lemonis: the situation at black rock is bleak.they opened up a couple months ago, and already, they're $15,000 past due on the combination of rent and equipment. it looks like they're ignoring their financial obligations. gary: he has the money. i think he's made a decision to not put anything more into the business. lemonis: so he's personally guaranteed this? gary: yeah. lemonis: the owner of black rock café has a $75,000 personal guarantee on this equipment and the lease. what that means is that we can go collect on his personal assets. i don't want to do that. what i actually want to do is come up with a solution that works for black rock and works for swansons. well, if they can't pay, then what about the possibility of turning that into, like, a swansons grill? maybe it's a way to sell more fish, get better prices. gary: yeah, that might be a great idea. lemonis: swansons should have a restaurant, and black rock, the way it exists today, isn't a viable business, so i feel like i could fix both situations with one meeting. wh

some details here starting with black rock.'s dive right into what they're doing here. >> right. the black rock total return fund is slashing the fees on its institutional share classes from about 75 basis points down to 45. so it's a very aggressive cut. a 40 percent loss of fees on that. and they're definitely trying to get under the radar to encourage gatekeepers and others who make decisions about 401(k) plans to start thinking black rock's total return product if they're deciding they need a new total return bond fund in their portfolio. gerri: they're cutting fees on their a shares, core bond institutional funds, low bond b shares. kind of across-the-board. some people may look at this and say, well, gerri that's institutional shares. it doesn't matter to me. but it does. right? >> it certainly does. this is how a lot of smaller investors get access to these managers through 401(k) plans. very often if you have a good size 401(k) plan, you're already in the institutional share classes. these aren't for high network famili

former president of the dallas federal reserve bank and russ kosterich with black rock. >>> as the fed tapered the purchases over the last year u.s. banks have been picking up the slack. since december, records show that commercial banks bought up $150 billion worth of treasuries and 1 of 0 billion in mortgage backed securities. >>> and later in the program, why small business owners haven't been borrowing and taking advantage of interest rates, kate rogers has more. >>> now that the fed stimulus plan will end and super low interest rates will go eventually higher what will the impact be on housing? diana olick has more from washington, so diana, efficient let's look at the path. did the lower rates really boost home buying over the past six years? what have you seen? >> well, not home buying so much, what they really did was help millions of borrowers refinance. we saw the rates go to 6% in 2008, to as low as 3.5% a year and a half ago, that again helped people refinance, but it didn't push as many home buyers as expected. what we did see was other stimulus from the government, being

ahead and at black rock high school in ukiah valley california.olice say 18 year old matthew ross threatened the teachers tuesday afternoon. when the school told police, they served a search for more at ross house. >> catherine: during their search officers bought multiple handguns, knives and rifles. officers is rob goode had easily carried out this threat. he is in jail tonight on it hit the thousand dollar bill. >> catherine: police interview the boy again today, and said he admitted to making up the story. >> jacqueline: warmer weather is on the way and i will tell you when that will return coming up! >> catherine: the dow plunged 335 points on thursday, is its worst day of the entire year on a point basis. the drop came a day after the dow had its biggest gain of the year. already this month, there have been five days with major market moves were the dow has want up or down more than 200 points. ...we need to break up. is it the biting? cuz i can stop? no! i love you and your show. it's cable. customers are more satisfied with u-verse. switch

rick reider at black rock. >> josh brown? >> he mentioned crowded trades and it's important, one of the things captivated attention is high yields versus risk free spreads or just high yields in and of themselves. especially the etf. some of which are products of mr. reider's firm. there is this question, is the apparatus able to deal with what's happening in those products and so far it is. and i think that that east really an area that people are keyed in on right now. if e continue to see people running to treasuries and get out of other fixed income trades and look at the carnage in mlps for example. can the market structure support that activity? i don't know if it's ever been tested before with this level of assets in these products. so far, so good, scott. >> i don't know if this move in rates should be all that surprising to anybody. i mean, i've sat here and i've tried to go down the checklist almost week to week of the event risk out there and you could go down the list and now maybe ebola moves higher from the u.s.

plaque ro black rock expected to be the shares expected to be strong in the quarter. couple of things we are watching on the earnings call tomorrow is whether or not the company talks about getting big wins in the pension space in fixed income as pension investors looking to derisk a little bit and move into fixed income assets. they talked that some of the european investors, institutional investors were doing the same thing getting out of equities and they think that is going to be a positive for them. >> thanks. that is it for "earnings squad" for today. if you want to join the conversation be back tomorrow. >> we always want to join the conversation. thank you very much. >>> coming up next on "street signs" analysts are all about corn bread and destination get aways today. almost like a riddle there. >>> and oil continues to be a big story right now. the final oil trades are crossing for the day. we will let you know where crude settled 81.83. we are back after this. are the largest targets in the world, for every hacker, crook and nuisance in the world. but syste

police arrested matthew ross wednesday at black rock high school. ross had threatened to shoot, stab, and assault faculty members. he told police he wasn't getting enough respect from his teachers. >> this is a very serious threat. when we mentioned the teachers -- when we interviewed the teachers mentioned in the threat they were in fear to go to school. >> when they went to his home they found guns. hundreds of rounds of ammunitions. he was arrested on suspicion of making a criminal threat. >>> san jose state is outlining a set of reforms following allegations of racial bullying. last year an american student accused four white roommates of using racial slurs against him and fastening a bicycle lock around his neck. school administrators tell the bay area news group they will expand diversity education for students and sensitivity training for staff. there will also be tighter supervision at campus residence halls. >>> friends and relatives of an oakland man hope a new reward will provide fresh clues about his killing. he was killed during an arme

banks had to cut services in some parts of the city, other firms such as black rock have told their staff that they can work from home. the uncertainty has caused uncertainty in the stock market. some don't see long-term effect on hong kong's standing unless the protests continue and weigh in on the economy. however, others say it is what make hong kong different from the rest of china. they say the real risk is if beijing cracks down on the city, undermining hong kong's role as aateway for china and one that attracts international investors because of the rule of law. for "nightly business report," i'm eunice yoon. >>> and so how will the policies affect the u.s. markets in the fourth quarter? let's find out from liz saunders, the chief investment strategist. >> good to see you. >> hi, tyler. >> for fourth quarter, what do you expect to see? possible pullback, what? >> when the s&p first hit 2,000 it was not because it hit the magical number or a technical condition, the internal markets looked shaky, they were not keeping up with the generals as they often say. sentiment was very stress

and rick reeder, investment strategist for black rock. rick, let me begin with you, you know it is one thing for the dow to be down 160 points. but i believe what surprised a lot of people today was seeing that the yield on the treasury was below 2%. what is the bond market telling us? is it telling us that now the u.s.'s economy is weakening just like we see in europe and china? >> well, there are a few things, one not enough safe assets in the world. whenever there is volatility in the world, the treasury is a big part of that i had dropped today. today was one of the main volatile days we had in the treasury market in the past ten or 20 years, very incredible move. a, political move, b, health care risks as you cited with ebola. and then, volatility coming from other markets and crowded trade, we call it short interest rate positioning out there that causes a flight to eequality. >> with a little bit of a technical issue i would assume you're saying there, rick, jim paulson, let me turn to you. you don't exactly ring a bell and say the

. >> reporter: from the air, the lava appears to have hardened into black rock but photos taken by the u.s. geological, shows lava continuing to flow beneath the shell. >> even if you were to divert all the material, it would create a new pathway and keep flowing somewhere else. i don't think there's any way to stop a volcano. there shouldn't be any casualties. t's beautiful to watch. >> reporter: this lava may be beautiful but it's clearly, all the, extremely dangerous. methane explosions have been known to throw big chunks of debris into the air. and if it continues to travel at its current rate, scott, it could destroy this entire town downslope in a matter of days. >> pelley: mileka lincoln of kgmb, malik athanks very much. from slow-moving lava to slow-moving data. today, the federal government sued at&t, claiming that the company deceived millions of smartphone customers. we dialed up wyatt andrews to find out more. >> reporter: the accusation is that at&t, while selling unlimited data on smartphones, was slowing down or throttling the data if the customer used too much. the fede

. >> reporter: from the air, the lava appears to have hardened into black rock but photos taken photos taken by the u.s. geological survey using thermal imaging, show the lava continuing to flow beneath the solid shell. >> even if you were to figure out how to divert all this material, it would create a new pathway and keep flowing somewhere else. i don't think there's any way to stop a volcano. there shouldn't anybody casualties, it's beautiful to watch. >> reporter: this lava may be beautiful but it's clearly, also extremely dangerous. methane explosions have been known to throw big chunks of debris into the air. and if it continues to travel at its current rate, scott, it could destroy this entire town downslope in a matter of days. >> pelley: mileka lincoln of kgmb. mileka thanks very much. with the election a week away, president obama made a rare campaign trip today on behalf of the democrat who is challenging wisconsin's republican governor. this race is as tight as can be, and dean reynolds is in milwaukee. >> good morning! >> reporter: scott walker is running for governor agai

i will also speak to black rocks chief investment strategist for latin america.e win for the giants needed. >> yes. thank you. as device makers prepare for the holiday shopping frenzy, some tech giants are hoping to snag more buyers for products earlier in the year. ♪ >> welcome back to "bloomberg west." with apple and samsung launching new devices in the last two months, we have talked a lot about how the smart phones and tablets could sell during the holiday season. what about some of their products that competitors launched as well? freee here to talk about products you probably forgot about. -- three products you probably forgot about. we do not want to make assumptions, but let's start by talking about nexus. >> it is something that google has to set the bar for everybody else. what you have to realize across these platforms, is that software has become the operating system through the clouds. buyings ago we were hardware at the prices of software now. i would like to add that you actually have all of these things. them.re-ordered >> are they not getting eno

environmentalists that are talking about that what could save 3.5 million people, those little black rocks, the ones they demonize. >> let me make sure i get all three of these topics in. last month the president -- >> i'm not on the ballot this fall. but make no mistake, these policies are on the ballot. every single one of them. >> that didn't sit well with david axelrod, former obama c campaign guru who called president obama out for not being honest. >> it was a mistake, but, you know, fundamentally, the issue that he should be driving and the democratic party should be driving is forward looking, because the problem is how are middle class people going to make a living in this country and how are policies going to help. we have to have that debate. >> i'm not sure what obama is confirming a vote of no confidence on his policies or if it's axelrod going-- >> the president was telling the truth. and it was written into the speech, so presumably he read it, the speech before hand, he wanted to say it and he's being honest, so if their honesty doesn't match their campaign ambitions, just

black rock is the top.here's a lot of talk for years about investors wanting to sort of unlock value in that company because it's kind of a stock that's been kind of pretty steady. nelson pelts has brought that up during these discussion. one of the things theyyre raising for, they think he's likely to come out in the next couple of weeks and list his demands, it's essentially a break up of the bank. it would be the first bank broken up since the financial crisis. i've never heard of a break breaking up following an activist investor. -@as a matter of fact activist investors generrlly stay away from banks. it's a highly regulated entity. charles: it's not in the same risk category of some of others that had been bailed out big time. i see the high was around 18 bucks. it's around 14 now. i understand unlocking value. this kind of news -- i'm sorry -- well, they've got -- the stock do you think it could take it substantially higher? >> yeah. a lot of people think they can. if you think about it, it's two dis

spared,they're businesses like black rock cafÉ wonder how customers and vendors them, once the lava cutsoff access. >> it speeds up, slows down. any other event where it comes and goes, it's over on. and you can move >> officials say the lava know w feet from the nearest home. guard has nowal been activated. 7 broadcast the abc centers, this is abc 7 news at 5:00, on your side. was unacceptable. >> right now, two police criminalare facing charges. they're accused of beating people instead of protecting them. p.m., we brought you prince george's county's police chief's indictments.of the >> we are getting a closer look at how the investigation without any public complaints. marlboro live in upper with what he's learned. brad? >> that's what is really interesting and unusual about cases. generally, we hear about them. we hear about them from lawyers, we hear about them from complaints, from lawsuits. but these, we knew nothing about. got theme say they through their own channels, just a review of a use of force form to these documents. these are the actual indictments. of abusetell a story

commentator and democratic strategist maria cardona, lisa booth is here, senior director with the black rockroup and republican strategist. maria, that word kills me. let's start with you, ann romney said if a republican had said that "it would be blowing up in their face like nobody's business." does she have a point there? >> absolutely. i agree with her. this was clearly a cringe-worthy moment. when i heard it i did a double take, i was like did he they? afterward you see it was clearly a gaffe, that he tripped over his words. >> but could he have handled it better? >> of course he could have handled it bet, michaela. she should have apologized immediately and said, look you guys, you know i didn't mean to say that, i apologize to governor haley. he did apologize later but i think to ann romney's point, i think she's right. there is a double standard, but the reason there's a double standard is because republican policies are the ones that have historically not benefitted women. i guarantee you that if sheheen in his past had supported invasive ultrasounds if a woman dared to get an abort

larry fink is the ceo of black rock. carl does his thing. larry is critical of activist investing.aid to myself, who's right in the battle right now? i like what carl does, but his record hasn't been very good lately. what's interesting, i thought to myself, would carl icahn the activist investor be protesting his own record? if he was a public company and investing in it. i think yes. and you look at aside from his apple investment, he's done very well with apple. liz: and forest labs. >> paypal, very good. rig, not very good. liz: transocean. >> not very good. herbalife, so far this year, horrendous, ackman is on the right side of that one. and the biggest one of all, i think is netflix. we should take a look at stock chart of netflix. this is fascinating he's taken a huge loss. netflix plunged more than 20%. liz: where did he buy it? i guess the question, i mean look at herbalife, hlf. up 10% today, but at $51. >> you know why it's up today? that analyst tim rehme went to another firm and initiated coverage and the stock is up on that. listen, i'm just saying that if you looked

when he described it to us, we knew that canyon to be a place called black rock canyon. >> looks likehis is the trail here. >> yeah. >> there it is. >> brian brought us to the spot. you know, it was pretty obvious that something had been buried there and it was a fresh bury. we found the clothing that they wore. we've located the knives. we also found two masks. >> i can't even imagine the things that this poor 16-year-old girl is going through in this big, dark, scary farmhouse. >> also to our surprise, you know, once we unearthed the rest of the items, we located a videotape. >> nowhere had anybody mentioned anything about a videotape. >> the tape was made the day cassie jo stoddart was killed, and on the tape appear brian draper and torey adamcik, and they're talking about murder. >> we're in september 22, 2006. we're skipping our fourth hour. we're writing our plan right now for tonight. >> it's cool. >> instantly, all of us pretty much got sick thinking that you don't think these two kids actually videotaped the death of cassie. >> this is not a [ muted ] joke. i stabbed her in t

even if they're spared, businesses like black rock cafe wonder how customers and vendors will reach themcess. >> it speeds up, slows down. not like any other event where it comes and goes. and you can move on. >> reporter: officials say the lava flow is now 100 feet from the nearest home, and the hawaii national guard has now been activated. >>> thank you for joining us for abc 7 news at 4:00. >>> abc 7 news at 5:00 begins right now. >>> it's already glowing orange for the big giants victory parade tomorrow. we'll tell you how to get there and whether you'll need an umbrella. >>> giants fans go overboard and turn the celebration into mayhem. what the police chief said is the silver lining about last night. >>> i pulled out a chunk of glass. >> new trouble for a bay area gymnastics school. how many times students have plunged through the window. >>> abc 7 news, meteorologist sandhya patel. i'll have details on your halloween forecast coming up. >>> from dollars to drills, just about everyone is finding a way to celebrate the giants victory today. but not last night. >> it's just disgracef

we have a special guest with us. >> chief investment officer of black rock rick rieder.come become. >> thanks for having me. >> give us your read on today. are the ingredients in place for something bigger? >> we are trying to get a sense of markets. this morning under pressure, the treasury market spent a lot of time focused on and started to take off the beginning of the day, rumorless of ebola and russia/ukraine a little bit. a confluence of factors. my sense is that i don't believe that the growth dynamic and scare is really when's chasing people out of equity markets and into bond markets. i think growth is pretty solid. >> is this a fundamental selloff? news driven or just seasonal? right? >> no. i think i heard this morning driving in i heard the stories of october and how and the seasonality to it and devastating. >> september and october. >> september and october and then november actually the usually a pretty good start and we spent a lot of time thinking about positioning into the end of the year and a pretty good time to start positioning across risk assets.

. >>> tomorrow a power lunch exclusive with president and founder of black rock, 4$4.5 trillion in assetsagement. we will talk about the threats and opportunities in the investing world. >> he has been right on about this market. it will be very interesting to talk to him. dow moving towards session highs up about 80 points on the trading day. 8 point gain. nasdaq up about 17. the transports are kind of the fly in the ointment in today's trading session down 61 points. the yield on the ten year is holding pretty steady at 2.34%. >> nothing beats the reading of the minutes. and the minutes are coming in seconds from the fed. that will do it for "power lunch." >> we'll see you tomorrow. "street signs" begins now. >>> the last four times the fed released the minutes the dow ended that day higher. will we do the same today? or will yellen swoop in and scoop the markets? >> we are moving slightly higher ahead of the minutes. right now up by 83 points on the dow. let's get to steve with the fed minutes. >> we have the minutes from the recent meeting. and a number of participants are worried abo

worth of advice on this very rocky day, some of the biggest players on wall street, including black rock'ssident, rob capito. and which is a better bet, stocks or bonds right now? five-star managers make the case for fixed income. $5 trillion, folks, hear me? 5 trillion, $1 trillion every ten minutes or so, 100 million per minute, only on "power lunch." scott ba scott, back to you. >>> josh brown citing the xlp, the consumer staples etf. we're not going to see it. we're having technical difficulties. >> it's an all-time record high. this chart is screaming something very important to you, which is long only guys who are forced to allocate money to stocks. they want perceived safety, they want the staples, they're buying them. the drop in crude is great for the company's earnings. it means the consumer can spend more and their biggest input cost in many cases is the energy it takes to make food, ship it, et cetera. you're seeing huge moves in this sector relative to the rest of the market. >> is it worth looking at it. >> booze, food. >> in the reit space, simon property and a bunch of the

the risk is that you end up than what we had earlier, the black rock pimco dichotomy. >> i am thinking0-50. who cares? i is it who cares because if am a hedge fund investor i am never going to get fired or investing in the biggest most well-known names. i could get fired for investing in a startup. it's my crush it. -- it might crush it. >> you are exactly right. when you have 120 feet of trading the book, it becomes extremely challenging. >> i wonder whether we can say if there are those that underestimate the real market opportunity. i think as long as the credit he keeps pouring into the markets, you're able to do it. one of the bellwether returns, one of the returns has been awful. this is been one of the worst years on the relative asis. the market was really screaming in 2009 and so on and so forth. this year there is not much reason at all other than we blew it. one of the bellwethers that ought to make people worry is performance of someone like ahl, and cta's. you take a human being out of the equation and they have been crushed when the markets are dominated by qe. up 14 to 2

just like other big firms like black rock, they also have deep inches -- benches.omfortable holding. but there is a sec investigation. >> your favorite song -- >> i do really recommended the film. i would probably say, :" barricades." >> taking a short break. more on the french budget when we come back. ♪ >> you are very welcome back to countdown. time now for an exchange check. it is all about dollar yen. came, concord, -- you have the yen -- the euro is rising against the yen. yenport came in -- definitely on the move. 120 on dollar yen over the next couple of years. but's a look at the aussie dollar. sales, missing estimates. this is the year to date performance. encroaching on levels where you have the ability to encroach on levels you have not seen since january 24. six -- 86.t is retail sales missed. in case you hadn't been listening -- the u.s. dollar. >> these are the top headlines. the ceo of hong kong was jeered by protesters as he arrived at a national day ceremony. the the events marking the formation of the people's republic of china coincided with pro

pimco, black rock are ready to feast on the debt. that is the headline.s that the -- are you ready to feast? >> [laughter] different people have different dietary references. one dynamic that is playing out -- there are lots of outflows taking place in some sectors of the market. high-yield in particular. the front end, the shorter maturities of u.s. high-yield, are starting to look attractive. you are getting interesting yield levels relative to the spread duration risk you are taking. i think there are nice pickings to be seen. >> wendy expect the fed -- when do you expect the fed to h ike rates? >> i would stick with the center of next year. extreme increase in implied suggests the timing has been called into question. the underlying data are reasonably on track for a firming of the economy, probably at a lower growth rate than was previously priced in. to the middle of next year as the center point, the most likely point for when the liftoff begins. >> andrew, you will stay with us. we are not going to let you go. you are going to join us in the next

. >> black rock, that's another one. tell me about it. >> plaque rock, 404 price target.his is about net inflows. what kind of net inflows can they drive, with their broad suite of products we think their net inflows will see improvement over the course of the next two months, over 3.5, 3.7%. >> axp, american express. >> axp, $110 price target there. consumers feel better, we think that will drive better spending in the third quarter. 4% to 5% year on year spend will be a benefit for consumer names like amex. >> thank you very much for coming on. >> thank you. >>> guys, let's kick these around quick. >> front end, bank of america does not need rates to go higher to get near book value. >> i like the financials. i still own citi, have not shown shares. i think they're poised. and i do disagree a bit. don't disagree. if the yield curve steepens that will add more earnings to them. >> of course. >> but right now you don't need it. they're more efficient. i'm not so sure about capital markets activity. maybe it's good for guidance going forward. >> that's what you can expect.

jeffrey rosenberg will join us from black rock on monday. this is the jobs they. -- jobs day.at at the age: 30 announcement. i want to show you a chart that may be chart of the year. -- at the 8:30 announcement. labor's share of the corporate sector. alan krueger with us from princeton university. this is a profound chart. >> absolutely. it has been stable for decades. beginning in 2000, it started to decline. that's what people are not seen this recovery as much. >> why do we see this decline? american greed or something else? >> an aspect of that. partly that labor marketing power is a lot weaker than it used to be and it's related to the changing technology we are seeing. before technological change helped high skilled workers, it seems to be replacing all workers. >> this is about logical progress. -- technological progress. of thenature technological progress seems to have changed. if labor substituting as opposed to labor come plummeting. or capital investment raised wages for workers. >> we are shifting robots. >> that's one aspect of what's going on. >> this is so crit

. >> that's true and black rocks success has come from the rise of etf but i would say that they havee redemption, only about $1 billion taken away out of $5 trillion under assets. it goes to show there are still a lot of money to be made in the unsexy business of keeping records for retirement. >> there's not as much movement in the corporate market. >> this comes on the heels of janus which bought philosophy shares yesterday and are going big into etf's. well fidelity have a more aggressive etf business to compete? number seven is google expanding its online shopping and delivery services to more u.s. cities. you might start using google express to buy anything and everything, it might be your shaving lotion or diapers or books or whatever. >> i don't know, amazon has got y householdhe greele right now because it's easy and it works and we pay $91 per year right now and it arrives and you can buy everything. i have up problem figuring out who will switch and why they will switch. >> it starts to look similar? >> they've got like barnes & noble come at one 800 flowers, these are the

marriott, nordstrom, black rock and mastercard all trading higher although they had a little pull back also markets where, madison square garden doing very well in its earnings outperforming what the street was expecting. it is trading higher. it's more than the driver. it's more than the car. for lotus f1 team, the competitive edge is the cloud. powered by microsoft dynamics, azure, and office 365, the team can gain real time insights and instantly share information around the globe. when every millisecond counts, staying competitive begins with the cloud. this is the microsoft cloud. >> there's a ford f 150, loaded with a pumpkin the weighs 12,000 pounds. this gentleman named eric peterson is with ford motor co. and sony this truck with an aluminum -- what is it? frame. what kind of sarcasm aluminum body? >> the best selling drug for 37 years. i think of it as an investment. our customers want more payload, and you can get out of this truck. nothing better than halloween to show the heaviest come to new can have in new york city. stuart: is a half ton. this is only the beginning. stu

dge will join us from black rock. much more investment oriented.w as you being to -- begin to look to 2015. we will look at the russian ruble with -- some real movement in the currency market with sterling. the ruble off to new weakness with those ukrainian elections coming up. >> i love the story about the hollywoodo going to to buy more content. that is a great exclusive. tom keene with "surveillance." >> ok. let's move on. our top story. tesco shares under pressure. the crisis ridden company announcing the prophet overstatement -- profit overstatement was worse than we thought it was going to be. some rumors yesterday it was going to be better. the chairman will step down. not a shock to many people. is the call still going on? we might have some live pictures. there is dave lewis. he is not giving us an awful lot of detail about where we'll go strategically. brian roberts, a director of retail at kentar retail. how big a change do we need to see? how bad is it, and how much should he change? >> this is a dark day for tesco. the trading is worse

we heard from black rock's new asia-pacific head. stay tuned. ♪ >> if the precondition is to neglect the basic law of china's decision, everyone knows the chance for negotiation is close to europe. >> you mention china's decision and buy that he means the plan that was announced on the 31st of august with china basically saying that the people of hong kong, the 5 million voters did vote freely but only for the people that were put forward by china and have been pre-vetted by then. reason they want him to resign is because they hold him accountable, because they say he misrepresented what the people wanted, the views of hong kong and a representative of beijing. that is why they came up with the plan they did regarding the key election in 2017. >> many thanks indeed. still to come, a closer look at the global selloff. we will look at the largest money manager blackrock, joining us in exclusive interviews. stay with first up. >> blackrock kicks off right here -- blackrock's symposium kicks off here today. get a taste of what to expect

look what it did to the town of kalapana turning a lush garden into black rock.ill likely be the same over time. bill: new reports on how suspected terrorists returned too the battlefield in syria. martha: president obama's ambassador in iraq says he warned the white house wee repeatedly by the rise of the career group isis but his warnings went unheeded. he joins us live in america's newsroom. ok, now let's get straight to the point. that's what i appreciate about truecar. the website, the app, it takes away a lot of the anxiety and frustration. it creates a level playing field. experience a better way to buy a car, with truecar. it says here that increases at the age of 80. helps reduce the risk of heart disse. keep hrt-healthy. live long. eat the 100% goodness of post shreddedheat. doctorrecommend it. martha: nato on high alert as russia increases its air presence in europe. fighter jets and strategic bombers spotted over key bodies of water including the norwegian sea and the atlantic ocean. take a look at that map. nato responding, they have repositioned som

we hear from bank of america wednesday, black rock as well as ebay and netflix. later in the week, goldman sachs and google will steal the show. slowdown in the eurozone has been a point of contention for investors. >> certainly it's been a big issue, if you look at ford motor. they certainly have articulated they're going to take major hits probably internationally. that hit the stock pretty hard a couple of weeks ago. i think one of the themes that will be -- i'll be watching closely is the relative performance of small caps versus large caps. small caps over here have led the way down on this whole kind of move -- this whole rollover. huge performers this year. on this earning season with less exposure to europe, it will be interesting to see whether the small caps can, you know, actually outshine here, at least on a relative basis. and provide some support there. but, you know, one point i would make also is that as we get into the earning season, a lot of the bad news related to europe really already is in the stock prices. you can see it in ford, caterpilla

new survey from wall street power house black rock minds more than half of american investors are positivee of the economy, and paying for health care remain a big concern. blackrock polled more than 27,000 people for their global investor pulse survey. rob kapito is joining us now. good morning. >> good morning. >> what was one of the most significant findings? >> it's really interesting to be able to go out and to find out what investors are thinking and just what the public is thinking. the most interesting thing that we found out is that people have not saved enough for retirement. and they're really quite worried about that. and what we also found out is those that are trying to do something about it are doing the wrong thing. so it was a fascinating survey for us. we found that most people most households are sitting in cash. you report on interest rates all the time. we know that they're very low. and cash is just the wrong thing to be doing. >> you always hear cash is king though rob kapito. cash is king. >> that's a very good line but retirement people should be looking to invest

officials say ross had threatened to shoot, stab and assault facultiant black rock high school.s reportedly told police he wasn't getting enough respect from his teachers. >> a very serious threat when we interviewed the teachers mentioned in the threat, they were in fear the next day when they came to school. they were afraid to come to work that day. they locked the classrooms that day. >> police say when they went to ross's home they found guns, hundreds of rounds of ammunition, knives, swords, hatchets, even cross bows. he was arrested on suspicion of making a criminal threat. >>> 7:38. san jose state university making several campus reforms because of claims of racial bullying. last year an african-american student accused four white roommates of making racial slurs and clamping a bicycle lock around his neck. those roommates were charged with misdemeanor hate crimes. school administrators say diversity education for the student will expand as well as sensitivity training for the staff. supervision of resident halls will be tougher. >>> administrators at berkeley high schoo

as we just saw earlier from black rock, everybody got the recent fed call wrong. can ordinary consumers expect to do it correctly? we need a plan. how much money to obtain? how much time to attain it? and by working backwards, doing simple math, we can figure out how your money should be invested and -- >> sarah is shaking her head here. >> rick, it just strikes me that hedge fund are crushed. we hear about that all the time. haven't the retail investors been the winners in 2014? the dow is flat this year and fixed income has been the booming asset that nobody on the street predicted it would be in terms of price appreciation. >> great point. >> waiting for a reation of retail of bonds to stocks and never happened and look who looks smart. >> if they were in bonds. >> they are. >> and the answer because the retail investor is doing something that a lot of folks don't consider and that's diversify. instead of deciding to be in stocks or bonds, retail investors are in both. what about real estate and gold and precious metals and oil and gas and energy and foreign cu

black rock's russ koeskteritch will be with us. their analysts will join us live. take a good look at the banks, how do you report them now. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. >>> and potentially another big day for the markets. stocks bouncing back since the worst three-day decline since 2011. the dow now up just 24. blackrock's global chief investment strategist will tell us where we can find safe havens. >>> big banks reporting big numbers today. we'll get all the details on the quarterly results from jpmorgan, citi, and wells fargo. >>> and just makes the tesla mo model-s tick? we get a look under the hood. >>> first, let's take a look at where we are on the mark

>> i think not f you're bank of america or you're black rock, you're saying wait a second, i put up pretty good numbers this morning. what is happening to my stock right now? financial es have been leading. the sector is off 4%. that is the biggest drop in about three years since december 2011. take a look at the financials just in the last month. they're down 8.3% since the sector's high on september 18th. less than a month ago, of course that, was the day before the ipo whether risk was on. there are few factors leading to risk being off today. they said at the retail numbers was not apocalyptic but it is really hurting this sector. when you have a broad retail slump, think about how banks make their money. and today's data go directly against the thesis that consumers are healthy and spending and earning bank's money. when you see yields fall to lows like we see today, it makes the bank business model overall less profitable. then there is europe. we're talking about it. more fears of a euro-zone slow down. also stoking fears about the weakness we might see next sunday when they reveal