have to contributions from these industries well joining me is stephen leeb chairman of lead capital management and author of the book red alert with talk of control of the world energy supplies on the sidelines of the oil fields i'm sorry i don't know where that came from i think someone threw that in there scares me but the bottom line is that we want to talk about the economic impacts of all of this so dr lee i know you and i have talked before about some of the large scale issues facing the united states resource issues energy issues i really doubt that that's what the vice presidential candidates are going to focus on in the debate tonight if you had to make your list of america's top priorities what would they be and do you think he will match up with what the vice presidential candidates will say well i mean i would just start with what's very obvious from the last fifty or sixty years of history i mean probably sixty five this country does best. in the wake of massive spending on infrastructure and the best example would be world war two i mean world war two was a lot of things but it w

he's chief investment strategist at wells capital management. nice to see you, jim. you know, there are so many gloomy forecasts out there. tell the us why you're so bullish? >> well, i think we're consolidating a little bit right now after the big run-up in the summer, susie. down over the last month. that could continue a while. i guess i see two big catalysts as we go into next year. one i think even though the economy is growing far slower than anyone-- than will please anybody, more and more part of it are starting to work. we're starting to gear, if you will. and you just reported confidence went to a five-year high this morning among households. the unemployment rate is down 1.2% in last year, the biggest drop in the recovery. this is comes at a time when the labor force is growing at the fastest pace this year. debt burdens were at a record high. now they're close to record lows. bank lending was absent until about a year ago. now it's rising. housing activity is showing up. home prices are rising. stock market at a four-year high. my point, is i think we'll

he's jim paulsen of wells capital management. as we continue our look at the coming holiday retail season, this is the time of year retailers see a lot of green, but many parents are seeing red. in tonight's "kids & cash," getting your kids ready for realistic holiday spending. here's neale godfrey with the children's financial network. >> have you noticed that while you are looking for halloween pumpkins, retailers are already bombarding you with ho-ho-ho for christmas? did i sleep through thanksgiving? financially planning ahead is good, but let's put the joy back into the holidays and take the debt out! here are some easy steps: n't gonto de because of poor planning-- make a list and check it twice. step away from the credit cards- - if you can't pay the bill in full at the end of the month, don't charge it. gift exchange should not be an olympic competition-- more expensive is not better. set limits for gifts and explain to your kids that gifts should say "i care." give of yourself by giving to charity and volunteering with y

we have ed kinard, former bain capital managing director. gentlemen, thanks for all of you coming on. we appreciate it. congressman, i will start with you. what do you think mitt romney needs to do to achieve tonight on the economy? let's focus on that? >> mitt romney just need to be mitt romney. if he can talk about the turn around he has been able to do in the private sector. the turnarounds he did with the olympics. what he did in massachusetts. then share in a very compassionate way his vision for the country. yes there will be time to criticize the president's lack of accomplishments as the president of the united states but then he also has to pivot very quickly this is what we should be doing. this is why the recovery could and should be better. when mitt romney does that i think people will see why he should be the next president of the united states. melissa: juan, how does the president paint a better picture what is going on in the economy right now or does he not need to? >> i think it is helpful because what part of the attack w

we completed a seven-year rewrite of all of our applications, human capital management, accounting, youinance, customer relationship management. we completed that last year and announced fusion applications for the cloud. we also provide our database in the cloud. the number one database in the world. the most popular programming language in the world, java, is from oracle. that's in the cloud. fusion middleware is in the cloud. then we announced a whole bunch of advanced technology hardware designed for the cloud called our engineering systems. >> so it's fair to say you actually had the idea about the cloud way before anybody else did with net suite. but why now? i mean, what is the advantage for an enterprise to put their information on the cloud? some people might say, is it safe? what does that mean? >> it means that the computer industry is kind of coming of age, adopting utility model of computing. all other networks have utility model. in other words, electricity power generation, the complexity of generating power and distributing power is hidden from the consumer of the power.

tres knippa of kanai capital management joins us this morning. good morning. at last, a trading day for you there. tres, i wonder, what's the trade that you're really aching to get in. what do you think will be your first trade today? > > in the last couple of days, as you analyzed what happened and as the storm hit, there were kind of some absolutes in my mind about what should have happened. number one, as you close refineries along the eastern seaboard, you should have seen spikes in unleaded gasoline prices. but by the same token, if those refineries are closed, that means that the end users don't need crude. they're not going to buy crude. so that should have been very bearish, the crude oil market. the crude oil market didn't break nearly as much as i expected it to. and the other thing that i noticed is- keep in mind i trade futures. in futures, futures have contract months. the lead month is december, and you trade every single month. so presumably, you would think that the front months of crude would have weakened toward the back months of crude, beca

joining us now to talk about all this, art hogan, managing director and strategist at lazard capital markets. you know on the floor a lot of the traders were calling this a romney raleigh. others say there were other factors, what were the message of the markets today? >> well, i tell you this, i think romney had a big part in this. the other piece was that the-- they came out and pretty positive commentary about what they are going to do about their monetary policy but if you look at how sectors mover today we saw a romney affect as you look at health care sectors and the hospitals in particular. >> susie: exactly there were some stock sectors that responded to what the candidate said in the debate last night. you talk about health-care stocks. let's take a look. there was a lot of criticism by romney of the obama health-care program, so we saw hospital stocks like tenet and ata fall by 2%, humana up there, and looking at health insurers like billionpoint also responding on the upside so what were you telling your clients today what to do with the health care stocks? >> well, one of

reports say cerberus capital management is working on getting $4 to $5 billion in debt financing to bidor the grocery store operator. other investment firms are also interested in buying parts of the business. cerberus wants the entire company. supervalu owns jewel-osco, save-a-lot and albertson's chains, and has struggled to compete against walmart and kroger. this week's earnings are a mixed package. 3m missed analysts' expectations, and its cfo has a "cautious outlook." dupont also missed the mark and is laying off 1,500 workers across the world. it also cut its 2012 profit outlook. meanwhile, the quarterly profit at ups matched estimates, but is lower than a year ago. the company is uncertain about the upcoming holiday season. ups execs are also concerned about the fiscal cliff talk on capitol hill. a well-known hedge fund operator is parking money in new york. john paulson of new york hedge fund paulson and company will donate 100 million dollars to the central park conservatory in new york city. paulson grew up in queens before graduating from harvard business school. still to com

don't do just sales or marketing of automation we do accounting, financial planning, human capital managementd talent management. all of those things. we have a complete suite of applications in the cloud. that's something a small company can't do. >> let me ask you, i came across a lot of quotes preparing for the interview is one we write software not checks. >> good old quote. >> does that mean you are not considering raising the dividend. you are not going to do a big deal. how will you use the money? a dividend increase. >> we could do a dividend down the road. over the next couple of years senior management down to individual programmers and sales people are focused on one thing, selling applications in the cloud, selling our platform and infrastructure in the cloud. we are laser-like focus on that kind of organic growth and that future organic growth opportunity for us. a couple of years down the road we could look at a big acquisition again. so having a lot of cash in the bank is not a bad thing. my friend steve jobs had a lot of cash in the sglank i want to ask about steve jobs. what

running out of farmers so the price of food has to go much much higher in order to attract labor capital management but we're not going to have any agricultural products at any price there are no farmers the farmers are dying out you know peter in america more people study public relations study agriculture we don't have any young people going into farming. and i know a couple of americans and germans that have come to russia to invest in the agricultural sector they've been here for almost ten years and it's only now that they're saying they're getting their their money back and plus a huge profit so jim is under something where the gains in a go to have been some spectacular successes and there's so much upside here i mean the some of the we have the most fertile ground in the world and yet the yields here are half of what they are in western europe and the prices keep going up you know it's kind of a no brainer the problem is implementation so it was the difficulty in russia and it was only starting to see some changes in terms of finally russia's agriculture getting that cats. getting the ferti

managing director of capital management topping $7 million.her winfrey from charter communications for a 36 earnings 7.5 million. james murdoch ceo of news corporation 39. earning 13.5 million per year and the number one executive 36 year-old vice president of facebook earning nearly $25 million per year. does he own any facebook stock? the truth behind the market's and the economy. obama will put the best spin on it tonight. michelle gave him credit for doubling the stock market. dishy have the right? from fulcrum securities, rob , did the double the market? >> the president gets to much credit when things are good and too much blame when things are bad. you cannot legislate the business cycle. i would say no. it doubled because earnings have gotten better. gerri: look at the numbers that are out today. cpi index is up in home builder confidence is soaring. industrial production looks good. this is positive implications? >> i think so. the economic release was positive and we're starting to get into earnings season for the most part those ear

bain capital manager up next and knows mitt romney. how did he do? >> as well as last time.gree. but tonight he had an opponent. >> president obama said the expectations so low. neil: now the president will say he did this or that. the president won the debate but on economic issues mitt romney run. >> i think he killed him with the issue of jobs, energy. neil: next week foreign policy if the president wins committees seems to score points. who knows? >> when we see the transcript. neil: what about the pressure next week in florida? >> they are fighting for ohio. will that drive the issue? neil: of course, the president makes it the issue who do trust? about what he knew of. >> i think he is in trouble. how could he have not known? neil: he will do everything to economic policy. mitt romney will say it is national-security. >> that's right. but i think obama's wants to go there because i think with benghazi he is in trouble. neil: with you pay a lower rate excederin excederin excederin does that go through to the folks at home? >> yes. there is always employees were says emp

department commissioner keith hall, moody's chief economist, john lonski, and carried from call bomb capital managementlcome to you all. very curious. nearly a half percent move in the an employment rate on just 114,000 jobs growth in the month surprising to jack welch, former ceo of ge. here is what he said. >> well, and the last two months we have gone from 83-81. now we are going to 7.8% by changing the numbers assumptions. like. i don't know if -- what the right number is. i tell you, these numbers don't smell right when you think about where the economy is right now. gerri: gary, to you first. is the bls giving as ps? >> it is the bs. look. three months ago i said that even if we got newt we would be under 8% because the politics of it. we saw 30 days ago the fed announced a open ended printing of money to get asset prices up, and they say 50 days before election, this one is a joke. if you noticed anything about this number, the estimates of job gains came in the exact amount it was supposed to which should have kept it at 8.2%. the estimates, somehow we got to 7.8%, and the use the most of tiles

upgrading our featured guest, capital management ceo and chief investment officer says no company has the potential to dominate the market like apple. but there are companies who have huge growth potential that are applelike. >> is hard to find apple cut companies starting as this little company becoming this behemoth. the chipmakers and that sort of thing. we own a couple of the chip companies. the camera, the optical sensor. liz: the optical sensor, this is how you do it, folks. if your word is getting a little come you find something like omni vision and looking at that stock. >> sony replace some of their production. what they're doing, there will be a lot of applications. the stock was very cheap. at $14, with the growth of apple they will be well. liz: were second apple generic type name. >> of the largest names, and make the audio chips that all the sounds and such. liz: 156%. you can see how well they have done. that is really great, but how much upside is there? >> there are a lot more applications. not just having one should, there have been several chips. you have the mini

walter investment management has won a bankruptcy auction for residential capital.s is the mortgage unit of allied financial. it filed for bankruptcy in may. i believe it was nation star mortgage that lost this battle. as a result, those shares are down about 16%. >> thank you, courtney. >>> the countdown to christmas is on. 61 days, 10 hours, 31 seconds to go. if you're looking for a present for the person who has everything, perhaps this designer bike by gucci might be of interest. but is it worth the cost? we'll give you the rundown. it is expensive. that's one thing for sure. we'll be right back. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ >

forced smile but if you're well capitalized to take advantage of it you can get the last laugh that we got to leave it there today but thanks so much chris mayer author of managing editor for capital in crisis. all right let's wrap up with loose change to major coffee and joins me in the hot seat to talk about who else he was in tokyo to for the i.m.f. meeting where he fought back against the criticism that came with his latest round of q.e. in the u. s. central bankers and other developing economies you know i know they often complain that the fed's actions are hurting their economies by pushing them pushing their currencies to appreciate but ben bernanke you fought back saying the following he said that in some emerging markets policy makers have chosen to systematically resist currency appreciation as a means of promoting exports and domestic growth however the perceived benefits of currency management inevitably come with costs including reduced monetary independence and consequent susceptibility to imported inflation in other words he's chastising other countries for doing exactly what he does with monetary policy in the us is this just the kind of thing yo

ron weiner of rdm capital, he is the ceo, more than half a billion in assets under management.ow down just 42 points. as i said earlier the nasdaq had posted moves to the upside. still holding on to that. although the s&p not quite making a go of it. nicole petallides on the floor of the new york stock exchange. the traders, what are they focusing on this week? nicole: i love talking to the traders. they give us the inside scoop here on the floor of the new york stock exchange. we have one joining us right now. there are three things you are looking at, the election, economics, the economy and earnings. which one do you want to start with? >> let's start with the debate, that's coming up tonight. i don't think that's going to move the markets all that much. unless there's a real blowout one way or the other. but we will look at that. we'll parse through that. i think what's really going to be critical and kind of under the radar right now are going to be some of the economic reports. the fomc which is going to be reporting. i don't think there will be any policy changes, but th

ashley: capital management, the ceo who believes this will be the month where stocks peak.ocks peaked in, well, mid-september. do you feel that way still? >> well, yeah. i think the stocks peaked the day after the fed announcement. remember when the pr guy who works for the fed, john -- also part of the "wall street journal", when he said there was a new easing, the market was up 15% from then until a day after the fed eased. we still have not topped the day after the fed eased closing price, and, look, today is october 1, first day of a quarter, what happens the first day of a quarter? new money comes in the market. if the market -- i don't know what it's doing now, but if it can't hold up, if the s&p and nasdaq can't hold up on the fair day of the quarter, we're heading lower. ashley: dan, do you disagree? >> one word i want to focus on in the fed statement, and that word was " indefinitely," and when you think about the easing compared to prior ones, they are open minded and very fearful about the fragility of the recovery while, you know, gdp is obviously an average of

dave: night capital managing director peter kenny, raymond james, cote head of equity trading, michael gibbs. you are the bull but you have concerns about earnings particularly with regard to revenue. revenue does seem to be slowing. that is a concern. >> revenue is 42%. long-term average is 62%. we have challenges with earnings and revenue and uncertainty over the fiscal cliff, the election, etc. but the market price now in the situation where we have limited downside, what are we going to put on the market? 13-13? that is where we bottom in 2010 when we thought europe might collapse. you have a market that is still in the mid 1300s which is not too far from here on the downside and if we get some resolution on the fiscal cliff which i think we will. the fiscal clinic next year the number and% drag with 2% gdp growth. a multiple on the upside and menacing the above 1500 so the risk reward looks compelling to me. liz: michael just outlined some positive or at least don't be a fraidy-cat scenario. what do you see that keeps you so concerned keeping in mind the past nine month anybody wh

jeff kill boring is here, founder and ceo of killer capital management, cnbc contributor. you point to what sharon was just talking become the selloff in oil. why? >> absolutely. sharon hit the nail on the head that low print of 8569, think about oil you can the glue that held this market together, a tug-of-war of geopolitical tension as well as global growth forecast reductions. right now the global growth forecast reductions have prevailed and sellers came into equities after the oil dipped down to 88. >> good for companies to pay less for oil, isn't it? but what it says companies are slowing down? >> yes. >> thank you very much. go to kayla tausche for the market update. >> tyler, on the back of oil, we saw that steep drop, take a look at all the big cap oil names. we are talking exxonmobil, chevron, conoco philips, valero and bp. check out valero down 5% on those moves today, definitely a close eye on oil. those names don't look to be hitting the green any time soon. tyler? >> thank you. $35 billion in bond mark nets two-year notes up for auction. rick santelli trackin

then, at the age of 68, he supposedly retired only to begin again at 70 a whole new career in capital managemente man's amazing. if you don't know about him, you should. he has been around forever, sharing with people how to succeed. here is a guy, by the way -- first of all, boone, i want to thank you for coming. >> you bet. >> you are a guy that doesn't know anything about retirement, a guy that adds value constantly, talking about taxes here, you paid how much in taxes the last 14 years since you were 70? you are 84 now, right? how much? >> 665 million. not bad >> given away $1 billion in philanthropy. >> a little over 1 billion. >> most people at 65 think this is the end of the road. in their 50s are thinking i'm getting old. what do you say to those people -- how do we have those myths? you are the greatest person i could put out there for that >> i still have a lot of things to do i'm running out of time. >> you also take care of yourself. you're very aware of health care, at one point cut the company costs in half in your business, how did you do that? >> put in a fitness center in 1969 a

salesforce.com, except they don't compete with salesforce because their software is used for human capital management, basically, human resources. in the latest quarter, workday's revenues increased by more than 100%. frankly, that is staggering. the company was founded by the two guys who ran peoplesoft before they eventually sold that company to oracle for a ton of money. so it had a top-notch bloodline. it's the equivalent of secretariat and seattle slew. it priced to $28, well above its already raised price range and opened at $48 for an enormous pop. and it is still going higher today. the stock went out at $52 and change. then there is realogy, which looked like it should be like real estate. realogy is the world's largest franchiser of residential real estate brokerages. last year they were involved in 26% of all existing home sale transactions involving a broker in the united states. there is some market share. given that the housing market is now on the rebound, realogy could have many years of mammoth growth ahead of it. the ceo calls it the purest housing play out there. so this is indeed