go ahead. >> caller: my question is about charles schwab. ple supposedly sitting on the sidelines and waiting to get back in, with retail trading, could we expect a stock like schwab to be good moving forward? >> i think so. plus don't forget. i was checking the money fund rates at fidelity. they're paying you virtually nothing to keep your money in with them. schwab is a fine outfit. i think it's a terrific investment here. let's go to richard in nevada, please. richard. hey, richie. >> caller: skee-daddy. >> what's up, chief? >> caller: las vegas locomotive boo-yah. >> man, i'm liking that. let me give you a wynn boo-yah which is going much higher. hit me with something. >> caller: i wanted to take the time to thank you. i've been with you a long time. i wanted to thank you for your integrity. >> thank you, man. i take a little heat, that's okay. couple of death threats now and then. check with the fbi. we just nailed a guy. go ahead. >> caller: regarding the disciplines you postulate in your book "mad money: sane investing in an insane wor

liz ann sonders, charles schwab chief investment strategist. and the js journal economics editor david wessel, author of "in fed we trust, ben bernanke's war on the big panic." great it see you all. >> nice to be there. >> good to talk with you. let's talk about this historic, really, moment in time that we were september 2008. professor steglitz, what have we learned in the past year? how would you characterize the environment today? >> i don't think we learned the right lessons. that's one of the important things. one of the lessons that too many people took away from lehman brothers is that we have to save financial institutions in trouble with a blank check, and what we should have done is that when financial institutions get into trouble, when they are too big to fail, too big -- so big, we have to have a mechanism of orderly resolution, and that doesn't mean a blank check of protecting bond holders and shareholders, the kind of bail-out that we've done for citibank and so many, which is a real problem going forward, because the concern ab

charles schwab is up. let's go down to bertha. i'm sure you're going to touch on mr. king dollar. >> that's right. traders are saying that dollar traders were covering a bit of their shorts. their bets to the down side on the dollar today. that put pressure across the commodities, when we saw asia, and europe trade lower, that really set the signal on oil. coming into this week we saw an increase over the past week of net longs. a lot of folks seem to be cashing out on that when it came to crude. we have the october futures contract going off of the books tomorrow. as you look out ahead of the curve, you want to look a little bit hor at the november contract. trading slightly higher. we'll watch that pairing tomorrow when there are likely to see a bit of volatility. the other issue that's underpinning this downward spiral or downward selling pressure, news out of china that some demand is softening. china's major refiners saying there's not as much demand for diesel. and the oil demand in august was down nearly 5.5%. we saw heavy selling today across the products as w

elizabeth ann sonders for charles schwab and mike santoli of "barron's" magazine. good to have you all here. i want to start with you, mellody. a year ago on a monday morning, i think your quote was "it's arm deadening." remind us how scary it was. >> it was really bad. i have to say i'm usually optimistic and we were at the e epicenter of uncertainty on that day. it was hard to fathom the ripple effects but the good news is we got through it. >> we did get through it still continuing to get through it. let's talk about the major sectors beginning let's talk with you about jobs, where we stand now, mellody. >> well, certainly we've seen the job picture not be a pretty one. we've gone from 6.2% unemployment to 9.7% in the last year. but the good news is even though 15 million people are out of work, things are moderating and so if you look at march just six months ago we had over 663,000 people laid off and yet just in this august, that number has moderated down to 200,000 so things are getting better even though it doesn't seem great and i know if you're out of wor

in a cnbc exclusive our tyler mathisen joins us from the charles schwab impact 2009 conferences withwhere they're putting their money to work. >> hi, ty. >> thank you, sue. we have been looking and listening just as all of you have to the president's speech and also talking about how far we've come back from the abyss in just this past year. talking now with michael yoshicami, bill gurton, and tom meier of meier capital group. you guys saw what the president said. it felt to me a little bit like a finger wag, a scold. how about you, tom? >> i think what i took from that is that he finally came out and said the lack of responsibility from not only wall street but he actually mentioned main street and washington is, it's the first time i actually heard that because it wasn't just about wall street there. was a lot of greed going around. it's nice to say, hey, there are other parties involved, not just wall street. >> bill, you saw highlights. >> i would agree. i think the key thing and key aspect is responsibility. it is important that there is responsibility across the board. >> micha