brenda buttner joins us next. g the calcium they take because they don't take it with food.tch to citracal maximum plus d. it's the only calcium supplement that can be taken with or without food. that's why my doctor recommends citracal maximum. it's all about absorption. did you know honey nut cheerios is america's favorite cereal? oh, you're good! hey, did you know that honey nut cheerios is... oh you too! ooh, hey america's favorite cereais... honey nut cheerios ok then off to iceland! >> jamie: not such a pretty day on friday at least when it came to the stock market. over the weak jobs report that we got, both the dow and the nasdaq plunging on news that job creation had slowed last month. so what can investors expect tomorrow? for the start of a new trading week? will it be any different? senior business correspondent anchor of "bulls & bears" brenda buttner is here. good to see you. what do you think will happen tomorrow? >> the trouble with friday is we had a bad jobs report but it wasn't quite so bad that investors could say hey, the fed might move in and help us ou

hi, everyone, i'm brenda buttner, this is bulls and bears, here they are, the bulls and bears this week. and welcome to everybody. okay. john, you're a small business owner, but the president says that the tax hike that he wants for those making more than 250,000 will only affect a very small percent of small businesses. so, no big deal, huh? >> this is a big deal, brenda and really, what the president doesn't tell you in that is that the small percentage of companies that are generating most of the production and consumption from their employees, so, it's very uncertainly for the smaller businesses to not know what their health care costs are going into next year and also, possibly be saving a looming tax and increasing expenses, when businesses don't have certainty, they're paralyzed. i'm a small business owner and right now companies are looking for stability and they don't have any stability when are they are uncertain what the future costs are. >> they say so many small business owners are pessimistic, you are a small business owner, are you? >> i'm not-- my business is not really

senior business correspondent brenda buttner, the anchor of bulls and bears, joins me. checked with our brain room and they they're ones and know it all and they say our country may run out of money again at the end of this year and if the deficit grows by a trillion a year can we catch up? >> it seems like a pretty hard game to catch up, i think, for the last four years of the obama administration, the deficit has been a trillion or more, right now, we are growing at a little slower pace, about 6% slower than last year but we are still on track to hit a trillion by the end of the fiscal year. in september. the problem is, that what we are doing, basically, is just basically keeping up with the borrowing, we are paying interest rates. it is like if you have a credit card and you max it out, and you can just pay the minimum and the minimum only pays for the interest rates, we are not even doing that, right now. so, we're not even getting at the real heart of the spending, and, again, it looks like come, you know, the beginning of the year we're going to be facing what th

hi, everyone, i'm brenda buttner, this is bulls and bears. >> we've got tobin smith, gary b smith, jonas max ferris along with todd shoem berger and susan, everybody, todd, are we already in a new recession. >> yes, we are, brenda, for everything you mentioned above and look where is the catalyst to pull us out of it. right now things are bad, dire, sentiment is down and consumer confidence that's down. you can take your pick, the house balance sheet that's estimated. we're in recession and never got out of the last one and it's going to continue for some time. >> brenda: toby you're near silicon valley and things look different. >> the world has fallen and never gets up and misses a couple of parts here. and we're not in good shape and whether it's a recession or not, it feels like a recession, the energy belt, god blows, new york, et cetera, are not. if you look at the labor report almost 6% of jobs came from business services and of that, about half were temporary jobs, so, guess what? the biggest i've ever seen, people if they're going to hire are going to hire with temps because the

hi, i'm brenda buttner, this is bulls and bears. >> let's get to it. here they are the bulls and bears this week, we've got gary b smith. jonas max father ris and, gary b, no recovery until we see tax cuts for everyone? >> that's what it feels like, brenda. it's just not a personal opinion, look at the number of companies who have come out this past week and warned that earnings are likely to be down or flat because of uncertainty and in fact, brenda, better be listen to companies that haven't warned. we have mcdonald's, we have ford, we have sisco, we have apple, we have starbucks and it's like a who's who of the fortune 500, now, and those companies obviously are across the board different sectors, different industries, tech, you know, consumer goods, all across. everyone is saying the same thing, congress, clear things up, make at least the the very minimum the tax situation to clear. >> okay, but, there is a cost to that, isn't there? >> yeah, there's enormous cost. this, i think is part of the problem, i think everyone would agree, best case scena

begin trading in just a few hours, senior business correspondent and anchor bulls and bears, brenda buttner has more. >> harris, the stock market's soaring at the end of last week, the dow did a triple-digit jump to pass 13,000, and the s&p 500, a part of many retirement accounts, shot to its highest close since early may. in the last two trading days, up nearly 4%. yet this just as we learn the economy was barely budging. slowing to 1.5% last quarter while consumers cut spending. we already have numbers that proved businesses are slow to hire and invest. and even the housing market, which looked like it might be stabilizing at last, took another drop in the latest reports. so, why the rally? well, wall street is hoping central banks in the u.s. and europe each meeting this week will signal new action. the bet is that the fed and the european central bank will step up to give their economies a much needed boost. the head of the ecb promised to do whatever it can to save the struggling euro and one day before the ecb meeting the fed, which has already aggressively tried to rescue the u.s. fr

let's bring in brenda buttner, senior business correspondent and anchor of bulls and bears.k. >> sure. >> heather: exactly how does it work? cloning. >> basically, the skimmer is right on top of the regular card that you put your credit card through... and we have a picture of that. >> heather: we'll show people. >> it would help a lot but the bottom line is -- there it is, all of the information, is in the black thing, right on the right-hand side of the screen and basically, that sends it to the internet and somebody then can download it and put it on a card, say, like a hotel key, or another credit card, anything with a magnetic strip and essentially they can clear out your bank account, in no time. using those things. and, it is becoming more and more popular, it is very -- people don't recognize it, it looks official and you are so used to swiping your card through. and, it is really losing people millions of dollars. >> heather: credit card fraud increased 87% since 2010 and loss is $6 billion, nationwide. what can you do to protect yourself? >> a lot of the things are

in hopes that bulls and bears, brenda buttner. >> and did card companies get swiped?jor ones, including visa, master card and big banks. and responding over retailers at least 6 billion, maybe more than 7 billion to settle one if approved by a judge and executed, to be the biggest private anti-trust settlement ever. as you know, when you pay with a credit card now, you don't pay extra for the service, but retailers do big time. often around 3.7% for transaction, the nation's largest retail group says costs about 30 billion per year for stores. retailers alleged credit card issue issuers colluded, but they offer a service that retailers should pay for. retailers want the right to charge you, the consumer for that service and something that visa and master card has banned. settlement sets aside more than 6 billion dollar fund to repay retailers and they will agree to reduce fees for eight months. so, the real question is, if some retailers decide to charge consumers for the fees, will the customers go elsewhere. >> retailers hope it gives them the power to give credit c

here to drill down the numbers, senior business correspondent and host of bulls and bears, brenda buttner. >> harris, we'd have to work a lot harder to find a jobs report much worse than this at this stage of the recovery, just 80 k jobs created. the unemployment rate at 8.2%, stubbornly glued there three he of the last four months and adding up to the weakest quarter of jobs growth since the labor marked picked up a bill in 2010. hiring, slowed almost every w, retailers cut, construction demolishing jobs and the engine of the recovery so far, manufacturing barely added 11,000 jobs, but the headline number of 8.2%, doesn't tell the whole story. if you add in discouraged workers and part-time workers who want to be full-time, the real rate is almost 15%. that's the same rate that african-americans face, about 14.4% of those looking for work can't find it. hispanics not far behind a 11% rate among them and even as the private sector hires a bit, but hardly enough to even keep up with the entry of new workers looking for work, the government is cutting back, so, is business investment levell

senior business correspondent brenda buttner joins us to give us the real scoop on that. , brenda. >> hey, shannon. you know, it's true with almost anything you want to buy, get it when prices are low. as far as houses go, not only are sales prices near bottom, down 30% over the past five years, but the price of the cash to finance them has ner been lower. the average is six month mortgage rates continue to fall near all time record lows and the average 30-year fixed mortgage has matched or hit a new low in 10 of the last 11 weeks. on the other side of the spectrum, the one year adjustable rate is hovering at new lows, too. so get out your application and checkbook, not so fast. trouble is mortgage standards and refinancing rules are still so strict it's almost impossible to qualify. sure, car loans and credit cards are easier to get these days. but home sweet home, uh-huh. lending standards for mortgages are higher today than they were right after the financial crisis. "wall street journal" reports that 9 out of 10 of all new mortgages approved last year went to owners wi

senior business correspondent brenda buttner is live in new york with that part of the story. hey, shannon. well, the cost of mother nature's wrath is always first measured in the tragedy of lives lost. and in this week of wicked weather, that is all too high. but there always be damage we can count in dollars. that, too, could be staggering. although there are no official financial estimates in the aftermath of the storms that blasted the eastern u.s., there is little doubt they will be in the millions in states already drowning in red ink, this summer's storms hit hard. federal help is on the way. all states now in a state of emergency, d.c., virginia, maryland, west virginia and ohio are eligible for up to $5 million in assistance from fema. trouble is even though the storm itself has passed, it does in fact live on. power may not be restored in the sweltering heat for days which brings its own costly casualties. just one example. storm damage forces the transfer of prisoners and those aren't the only transportation costs. when an amtrak train shut down mid trip, stranded pa

hi, i'm brenda buttner, this is bulls and bears. >> let's get to it.veryone? >> that's what it feels like, brenda. it's just not a personal opinion, look at the number of companies who have come out this past week and warned that earnings are likely to be down or flat because of uncertainty and in fact, brenda, better be listen to companies that haven't warned. we have mcdonald's, we have ford, we have sisco, we have apple, we have starbucks and it's like a who's who of the fortune 500, now, and those companies obviously are across the board different sectors, different industries, tech, you know, consumer goods, all across. everyone is saying the same thing, congress, clear things up, make at least the the very minimum the tax situation to clear. >> okay, but, there is a cost to that, isn't there? >> yeah, there's enormous cost. this, i think is part of the problem, i think everyone would agree, best case scenario you'd want to extend the tax cuts number one pressure point is the fiscal situation, you're talking about a massive deficit and debt that k

hi, everyone, i'm brenda buttner, this is bulls and bears. >> we've got tobin smith, gary b smith, jonasng you mentioned above and look where is the catalyst to pull us out of it. right now things are bad, dire, sentiment is down and consumer confidence that's down. you can take your pick, the house balance sheet that's estimated. we're in recession and never got out of the last one and it's going to continue for some time. >> brenda: toby you're near silicon valley and things look different. >> the world has fallen and never gets up and misses a couple of parts here. and we're not in good shape and whether it's a recession or not, it feels lik