charles schwab has always been a disrupt to be, a challenger brand.hat's how chuck started the firm 40 years ago. we'll keep challenging the status quo on behalf of the investor. that's what we do. >> and you're still seeing interest in that part of investing. >> we've seen a fairly meaningful increase in our flow since we lowered pricing. we'll continue to do those things that are investor friendly. >> treasury secretary geithner is calling the sec to consider new stricter regulation on the money market fund industry. what's the impact? >> well, the problem with with the discussion on money market funds is we haven't been specific enough. i think anyone in our business who's being honest and straightforward would ak a knowledge that institutional, prime money funds that buy securities of corporations, there is some risk there and maybe something needs to be done. but we're lumping in u.s. treasury money funds, u.s. government agency money funds, muni money funds. are we going to say they're subject to credit loss also? we have to get more specific ab

by charles schwab. >>> welcome back to "morning joe" as you take a live look at new york city from the top of the rock looking south. >> shh. >> what's going on? >> don't wake up. this is lie la. this is one of alex's two babies. there's lila and emma and they are perfect. i know, really -- i thought it was about us, alex.

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charles schwab, $8.95.here such different and huge varieties in trades when any consumer can simply look this up and find the cheapest one? >> picture does a lot of people just don't bother to look it up. the reality is that schwab and e*trade, they each spent an average of more than $200 million a yr on advertising that gives consumers a real sense that they are sirs brokers. the truth is that interactive brokers have been around since 1977, they have over 200,000 customer accounts and they are a very serious brokerage and the only charge a dollar trade. so that's a great alternative. gerri: another thing that people like to talk about is charles schwab ithe 10 seconds, e*trade, -- if you care about that kind of income and the execution is really quick. and investing in online brokerage deals. there are bonuses he can get. e*trade has bonuses of 50 to 5500, cash bonuses, ameritrade giving out $100 or $600 in cash bonuses. charles schwab will give you a free and short of it with an initial deposit. they are

tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade.#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550 with a $50,000 deposit. tdd#: 1-800-345-2550 call 1-866-294-5373. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children

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charles schwab chief investment strategist joins us here next.ll energy development comes with some risk, but proven technologies all 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, abundt, clean energy to power our lives... that's smarter power today. ♪ lou: voters yesterday turned investors today and turn their attention from the presidential race to the fiscal cliff and ross the atlantic the reality in europe ofan economic contraction and, well, a continuing crisis. the result, the biggest one day decline on wall street since june. markets opened sharply lower, but the dow and nasdaq breaking below the 200-day moving averages. rallies failed throughout the session. stocks closing down more than 2% on the day. the

charles schwab chief investment strategist joins us here next. you see us, at the start of the day.n the company phone list that's a few names longer. yon once empty fields. busier highways. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, gr stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. ♪ lou: voters yesterday turned investors today and turn their attention from the presidential race to the fiscal cliff and across the atlantic the reality in europe of an economic contraction and, well, a continuing crisis. the result, the biggest one day decline on wall street since june. markets opened sharply lower, but the dow and nasdaq breaking below the 200-day moving averages. rallies failed throughout the session. stocks closing down more than 2% on the day. the dow down 313 for the first time since september. the s&p down 34 and the nasdaq down 75. the sell-off came in heavy trading. over 4 billion. a 4-1 margin. the heaviest volume

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hard to imagine that the conditions that applied in the '70s are applicable now, especially as charles schwab, a bank, how do you define it? i think that the neighborhood is much more at risk or harmed by having a vacant store front for seven years than to bring in a willing tenant that's willing to participate in the community. the other thing the ncd did, and i give howard grief for it every time i see him. they put a 26 foot height limit on west portal, which is, you know, it's awful now. it's haunting us now. so, i think the rules that went into place in the '70s don't apply. this is a great opportunity to help our neighborhood. thank you. >> additional public comment on this item? okay. seeing none, the public comment portion is closed. commissioner antonini. >> thank you. i'm very much in favor of this proposal and i also live in the neighborhood in west side -- west lakeside village. i'm sorry, west portal frequently. and there are a lot of vacancies. and this particular space is tiny. its frontage is 11-1/2 feet. and, so, it's a very hard thing to fill. and we are losing businesses pa

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and misha, thank you charles schwab and misha, thank you very much for your leadership. waley dye, you show up on these tech companies, i'm the only woman here, thank you for your leadership in technology and helping us lead this whole bay area to a wonderful success, thank you and congratulations. of course if willie brown isn't here today i'm going to continue thanking the honorable willie brown for his wonderful leadership. as you know he and i continue to be partners in crime but he often says keep treating the board of supervisors like your misstresses. i keep telling him, not ever having had a mistres, i don't know what that means. he means in a very playful way. you can remind him about that. anyway, it's again my honor to be here today to welcome all of you to acknowledge the wonderful work that you all do and of course to give my support to the commission on the status of women. emily, you and the commission have done wonderful work. keep doing that job, keep reminding us what we have to do, keep the agenda in front of us and keep educating our public. you know,

and get a free 13-month e ibd™ subscription when you call 1-888-280-0157 now. optionsxpress by charles schwab>>> if the race for president can be boiled down to a key county, it would be ohio's most populated county, cuyahoga. more than 11% of the state's population lived in this cleveland area county. 30% of the residents are african-american. now, in 2008, president obama won the entire state by a smaller number of votes than he won the county by. a point not lost on the candidates. >> we're going to win cuyahoga county! we're going to win ohio! >> boy, i tell you, cleveland really does rock, you know that? >> i'm joined now by stewart garcia, democratic party chairman and bob frost, republican party chairman. stewart, what's the state of the race here in cuyahoga county? >> we're doing great in cuyahoga county. our numbers are exceeding 2008 numbers in terms of absentee ballot returns. early voting's holding up notwithstanding that we've had seven days of early voting taken away, but we're real pleased where we are. >> i have so say, i was at the romney event yesterday in cleveland, rob, a

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as you all know, san francisco has hosted premier events, the charles schwab cup, the recent nfc championship games. these events put san francisco on a national stage. every employee, supervisor stepped up and made both events extremely successful. it was transparent to the attendees and the television viewers that there was a third team out there. that was the recreation and parks department. it is extremely proud of my team. add to this one of the most beautiful park systems in the world. i am extremely lucky. lastly, i want to thank my parents and my wife, vivian, and my two daughters, jennifer and some of the, for their love and support. thank you. [applause] >> steve castile. [applause] >> i started working for the public works department 15 years ago. we are like a family. it is a very close-knit group. i think, because of that, we get the best out of people. one of the problems we encountered in the city was we were not able to pay our vendors and contractors. people were entering data inconsistently. documents were always getting lost. payments were not going out. the numbers do not

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partners will explain so chris this article was was talking about the chief investment strategist at charles schwab who is saying that the economic recovery is going to be built literally with four walls it's housing it's it's it's recovering and it kind of as this consensus it seems like it is building around this idea that the u.s. housing market has turned in his recovery is it. no i think go the way we're going to define recovery is that prices are going to stabilize in some markets where you have a lot of either investor activity or just local demand you're going to see prices go up single digits but the days of housing i think is the dominant most expansive part of the u.s. economy which it was for quite a number of years i think or over there's just so many headwinds as my friend josh ross or likes to say that used to be tailwinds number one being demographics the baby boomers are looking to live in florida now and they have a lot of homes that they want to sell here in the northeast the northeast is by far and away the part of the country that's going to feel least benefit from any recovery

but charles schwab warns the deadline will likely be missed. >>> and it could be the end of the lineting today. hostess brands has given striking workers until this afternoon to get back to work or it will try to liquidate the entire business and bankruptcy court. meaning the end of twinkies, wonder bread and 18,000 jobs. >>> the fda is looking into reports that the supercaffeinated five hour energy drink could be linked to 13 deaths over the past four years. the drink's maker says it doesn't know of any deaths proven to be caused by the drink. >>> and hiring is expected to be up about 5% next year for new college grads. employers say business remitted measures -- related majors, they will be most in demand. that's america's money, i'm rob nelson. >>> he was taken far too young. this is heartbreak this morning for one community after a 17- year-old high school student dies in a car crash. we have the details. >>> and you drink it for a quick pick me up. but could one popular energy drink be putting your life at risk? we'll take a look. >>> and a young girl loses everything in a house

. >> all right finally the senior pga tour wins the charles schwab race. go to scottsdale, arizona.irdies four of the last five. horrible location. and he would make that for birdie. 565 and 2200 and breaks the tournament record for the lowest score. a million dollar annuity for the cup. not a bad day at the office. this abc7 sports report is brought to you by river rock casino. busy day as usual in sports. >> certainly it. thank you, shu. and thank you for joining us. that's it for us. the news continues tomorrow morning at 4:30 for leigh, mike shumann and everyone here. don't forget that tomorrow is disney and abc success day of -- abc's day of giving. text to give $10 to relief efforts or go on-line to red cross .org/abc. have a great night, everyone.

but charles schwab warns the deadline will likely be missed making for a volatile market. it could be the end of the line for twinkie starting today. hostas brands that have given striking workers until this afternoon to get back to work or they will try to liquidate the entire business in bankruptcy court, meaning the end of twinkie, wonder bread and 18,000 jobs. reports of the super castaneda 5 hour and a drink and be linked to 13 deaths of the past four years. the maker says it does not know of any deaths proven to be caused by the drink. hiring expected to be up 5% for new college graduates. employers say business related majors will be most in demand. that is america's money. i'm rob nilsson. at banatk of america, we're continuing to lend and invest in the people, businesses, and organizations that call greater washington home. whether it's funding an organization that provides new citizens with job training, workg with an anacostia school that promotes academic excellence or supporting an organization that serves 5,000 meals a day across d.c., what's important to the

. >> all right finally the senior pga tour wins the charles schwab race. go to scottsdale, arizona.es four of the last five. horrible location. and he would make that for birdie. 565 and 2200 and breaks the tournament record for the lowest score. a million dollar annuity for the cup. not a bad day at the office. this abc7 sports report is brought to you by river rock casino. busy day as usual in sports. >> certainly it. thank you, shu. and thank you for joining us. that's it for us. the news continues tomorrow morning at 4:30 for leigh, mike shumann and everyone here. don't forget that tomorrow is disney and abc success day of -- abc's day of giving. text to give $10 to relief efforts or go on-line to red cross .org/abc. have a great night, everyone. (water dripping)

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and get a free 13-month e ibd™ subscription when you call 1-888-280-0157 now. optionsxpress by charles schwabwithout freshly-made pasta. you could also cut corners by making it without 100% real cheddar cheese. but then...it wouldn't be stouffer's mac & cheese. just one of over 70 satisfying recipes for one from stouffer's. >>> two of the nations most celebrated generals have had their reputations tarnished about questions of their personal conduct. joining me is retired colonel jack jacobs, medal of honor recipient. colonel jack, this has been a sad chapter but what have we learned? what kuz it tell us and what is the impact on the rank and file? men and women in combat zones in afghanistan and iraq and other noncombat zones who have to be thinking what is going on here? >> the large majority of people i talk to, in the military, and some retired people, they say the same thing, it's really a tragedy but it's personal business and should not have resulted in his leaving the cia. and that generally speaking those kinds of things are per n personal unless they involved a senior and subordinate