citigroup already has named vikram pandit's replacement but our charlie gasparino was reporting that lly be replaced as citigroup chief as treasury secretary geithner. charlie is coming up. mike mayo financial industry research analyst told connell and dagen this. >> there's no bigger critic of the old ceo of citigroup vikram pandit than me, the stock price performance for citigroup while he's been ceo has been the absolute worse of the large bank. i don't feel as though citigroup had proper oversight from the ceo and the top of the firm since he's been in place. i think the board has actually taken you know a step where they probably listened to a few shareholders. it's just the way this transition has come about is really eye popping. dennis: let's have matt mccormick join us now. thanks for being with with us. this guy that citigroup has named as replacement, is he a sticker? people are already doubting whether he's going to hold on to the ob? >> i don't know. if people have concerns surrounding citigroup, i don't think geithner would get rid of them. mayo's point is excellent. peo

but, we'll have charlie gasparino look into it.a here was to i guess they could have gone electronic but it was really safety issue, number one for the people that may have had to go into the offices, so few people may have had to go in. ashley: nicole, we would talk about the insurance angle of all of this story with regards to the storm but to your point charlie gasparino just joined us on set now. >> with my phone. ashley: with your phone burning in your hand. >> you know, duncan niederauer did address this issue whether they should be open, whether they had to be open. ashley: i spoke in the last hour. >> take a look what he said. we'll set up the hit. play the videotape here. >> one, i do believe that we, the regulators and the banks and by we, i mean all the exchanges, i think we as an industry should talk more about these contingency plans, perhaps mandating testing of these plans between ourselves and the market participants so that whatever the situation might be we're prepared to go into these contingency plans. >> key, t

charlie gasparino on what is called a doomsday scenario. liz: consumers loosening up as retail sales showed decent strength. is it time to go on a shopping spree? for which retail stocks? find out coming up. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? whatever your business challenge, dell has the technology and services to help you solve it. get on e-trade. set up a real plan. frank! oh wow, you didn't win? i wanna show you something... it's my shocked face. [ gasps ] [ male announcer ] get a retirement plan that works... at e-trade. ashley: all right. mitt romney's running mate, commerce and paul ryan has been saying one way to prevent the fiscal cliff from happening is to vote for the g.o.p. ticket. he thinks the budget deal can't get done and the fiscal crisis be avoided if president obama loses the election. liz: but we don't know that for sure. in the last hour, charlie gasparino focus on health care for president obama, but he is back now to talk specifically about the fisca

charlie gasparino says it will.ill be right back. ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. cheryl: okay we continue to follow the breaking news on this tuesday. here's what's happening right now, in the aftermath of hurricane sandy, markets are closed today, once again. but our own charlie gasparino is reporting that the nyse expects to be open tomorrow. we're waiting on final word from the new york stock exchange right now. sandy shattering, outage records for utility companies, 7.4 million people are without powe

it is a hot topic that charlie gasparino has been reporting for us.aring to leave the commission. dagen: you will be hearing from mary shapiro and just a few minutes on market now. charlie says she has left some unfinished business. charlie: that would be the structure of the market. we actually have markets on every trading desk on wall street. that is something the ceo of the wall street exchange and the ceo of the nasdaq approached mary shapiro. what do shapiro tell them? this is from sources both close to them. she needed more political support in congress to go after market structure. they argued that because of this, the markets are essentially in disarray, that you have many private markets that operate across wall street and this will be an issue going forward. this essentially could lead to another flash crash. when you talk to people at the exchanges, people in washington, they will say simply this, there is not a lot of will to deal with this issue. mary shapiro kind of understand it as an issue. we had the flash crash. when did that happen

charlie gasparino. charlie can get away with anything. connell -- i do not know about that.chairman bernanke is not on the list. he is apparently on his way out no matter who is elected president. bernanke on his way out. dagen: stocks tumbling. that is coming up in the debate with cheryl and dennis. ♪ connell: back on "markets now." nothing coming up about the fed, but other things we can focus on. the market, the huge boom yesterday. the libya story, certainly, in one of the stories you brought up. dagen: does not want to work for john malone. he said he was underpaid, cashed out about $200 million of stock this year. connell: greed and betrayal among rich guys. >> i'm dennis kneale. >> i'm cheryl casone at the bernanke factor. will a romney presidency and the cheap money for the market? doing pretty good up until today. our series leading up to election day. dennis: and credit card safety or maybe fraud. pentax hacked at barnes and noble. if others were also hit. cheryl: and facebook shares are soaring a city and other analysts actually put hi a stamf approval on the stoc

liz: charlie gasparino, i would have never thought to pair that tie with that shirt, but i like it. >> does it look bad? liz: no, it looks good. >> you know, i was hung over -- liz: stop. >> >> and i looked at that and i thought i will get that one and that shirt. liz: it's all about flash memory. up next, the giants in the industry, one of the biggest names in the field, the ceo and president of sandisk sanjay mehrotra and perhaps more importantly the stock is doing really well after reporting better than expected earnings and getting multiple upgrades today. it is hard to find a winner today, we have got it, and we have the ceo exclusively. stay tuned. ♪

ashley: charlie gasparino having the latest on hurricane sandy closing down wall street. ll systems go. they could have done this. things happen really fast. fox business.com was the first to report. they did a great job. on the call listening to it. later that night, he did a 180 reversing that. he is obviously competitive. he would have been open, but other exchanges that operate, they each have their own, it is called a dark pool. they do not have the dark policy that the new york stock exchange does. period they are leaving a lot of money on the table. they are estimating it is something like a million dollars in fees. the nasdaq, as well, a lot of money. they are planning on a wednesday opening. you are laughing. you do not think it is going to happen. ashley: i am not laughing at all. they made it very clear that they were not so hot on the fact that it would be electronic only. on the contrary, you would have to bring in some people and you may not have had the liquidity. charlie: i do not know why you have to bring some people. the system was designed to make marke

charlie gasparino. he is going to tell us about his run-in with the allegedly criminal lance armstrong. he almost came to blows with him. over what? you can guess. in spain, moody's downgraded. good housing numbers are. >> good housing numbers for sure. going back to spain for a second, the reason that the market did not lift off of that number is we still know there are problems there. they are just pushing the issue down the road. i am no conspiracy theorist, but it's hard to imagine that the wall street economist can get the number wrong by wall street deviations. if you look at the unadjusted number, they are down month-to-month. i encourage everybody to look underneath the headlines. this consolidation side of the s&p will last a few days longer as we start to talk through some of these big earnings reports that were going to get. liz: let me get to peter donovan. we want to look at what is happening with oil. a lot of people are talking about oil today. more importantly, it is down today. natural

we have a story from charlie gasparino.orting on a government contract handed out to a home-building firm. joe biden's brother has a stake in the firm. dagen: more on tonight's debate. who has the edge and what it means for the next leader of this nation. and speaking of who wins in the next couple of weeks, who is winning today looks back we do have some winners on the s&p. ♪ [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to staalive but feel alive. the new c-class is no exception. it's a mercedes-benz, through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. dagen: the last big chance for the candidate to make an impression on the voters. we set you up for tonight's presidential debate. which candidate has the edge when it comes to foreign policy? there our talks about iran talking with the u.s. joe biden's brother and the contract going to his company. stocks now and every

i believed charlie gasparino >> it is messy. if this was a smooth transition this call but has been thrown together a 4:30 p.m. when have been set up a long time ago. then mike mayo said it is poor corporate internet -- interference. sheila bair was on this network 2007 and was asked should we break up citi group? at the time she could not answer directly. interesting to hear the answer today. liz: that is a question. and you'll be on the call in the will break and with any details. said the nation's third largest bank break up? how much of the decision to push out vikram pandit had to do with regulators? one of the top regulators we have sheila bair on the phone. figgie for joining us. i have heard anybody ask you write off the bat to your gut reaction when you heard vikram pandit was out? >> this is the board doing their job. you just mentioned grolier earlier returns are down 90% since he took over. he lost the confidence of the shareholders with the voting he should not receive compensation -- compensation. they wanted new l

charlie gasparino will be there. the whole fox business team will be there watching as these numbers open, including equities. that of course will be a big story as well. what about the airlines and the travel industry? two areas that could be slammed by the storm. the global travel association predicting that 514,000 trips will be cancelled when all is said and done because of the hurricane costing the travel industry close to a billion dollars. coming up, we're bringing in the experts for you. first, the senior editor of orbitz joining with us an update on how this storm is impacting its business. and then, how can the airlines recover from this one? aviation analyst mike boyd on trying to pick up the pieces from the thousands of cancellations and delays, plus the names he still likes. all energy development comes with some risk, but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. acro america, these technologies protect air - by monitoring air

charlie gasparino has the latest. the title wasn't in there. charlie: when looking at his actions when he was new york fed president, what happened was in 2007-2008 he was alerted banks like barkleys which settles $415 million and the ceo stepped out, he was alerted at that time and what did he do? when did he know it? this will come out. the house financial service committee is doing an investigation..o cf1 o he asked for documents and sources close to the committee tell the fox business network those documents may be released as early as monday. the fed does this, he was head of the new york fed asking for that request from the fed, the fed releases it on its web site. here's what they have asked for. who knows? they have asked for what did you do in terms of what you were told and he was told several times in 2007-2008 that they were being manipulated. if you can't trust them, it is one of the base rates of everything, credit cards, homeless, it is supposed to be a real measurement -- the wendy lading down during the financial crisis. they a

charlie gasparino broke some news on is not long ago. he has new details on what the team is shopping itself and apple is set to unveil its many i can they plan to do ahead of microsoft's unveiling of its new tablet. dagen: bottom of the hour 30 past and every 15 minutes stocks now. nicole petallides as a loser for us. nicole: we are going to take a look at advanced microdevices. paulino pc demand has been dwindling and this chipmaker is lowering sales and profit outlook just before it is set to announce earnings. it is down nine% lowering their outlook and this is a week before the scheduled earnings report. a long list of tech companies have been coming under pressure because of weaker than expected demand. let's look at the major market averages bringing me to my next point about the nasdaq composite which has a down arrow. if we see the nasdaq sell-off today is selling once again and would be the longest losing streak for the nasdaq composite in almost a year, november of 2011. we are going to watch these levels here but obviously we

that seems to be the case for charlie gasparino's story. when we come back charlie joins us from dallas to say don't mess with texas when a comes to political fund-raisers. there is charlie. somebody remove that from the screen. i am talking about the course. liz: it's a fox business market check. we are a couple of points of the highs for the sessions with the dow jones industrial which has been languishing in volume was 63 points earlier today. to see this reversal is pretty significant, about 38 points. still it looks like we will be down for the week for both the dow and s&p 500 unless something dramatic happens between now and 35 minutes from now. that could always happen. stay with us. look at expedia, shrugging off of the problems of competitors. this is the online travel site that came in with better than expected earnings after the bell yesterday. their new online hotel business is doing very well. a jump of 14%. now, shares of orbitz also skyrocketing pretty much on the news of expedia, the halo effect, catching a wave, news that b

liz: charlie gasparino, thank you very much. good for the fbi. >> he loves it when we show his picture. liz: can you go back to the old cologne? >> you don't like this? liz: i don't like it. enough said. okay. thank you. closing bell ringing in 41 minutes. home depot is the world's largest home improvement retailer. more than 2200 stores worldwide. look at the stock over five years, a steady and very nice climb since mid 2009. so why the downgrade from oppenheimer and do we even care? home depot has a plan, they are executing it well and being punished for it? we have the chairman and ceo joining me right here in studio for an exclusive interview. that's right. home depot in the fbn house. welcome frank blake. he's coming in right now. ñ liz: let's get you your fox business market check. dow jones industrials just straddling the flat line but look at the nasdaq s&p russell all kind of recovering at least some of the gains that we had seen earlier today. let's take out one name from the dow components and also a member of our

and charlie gasparino doing some digging on the google story, the only way charlie can, elbow deep, findout what he's uncovering about this next. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male annouer ] fedex office. now save 50% on banners. liz: welcome back to this breaking news on google. we're not just simply focusing on a single stock because it is a popular one or one that people talk about, it is crushing the nasdaq. if you look at the percentage losses on the dow, fractional, same with the s&p, fractional, but the nasdaq is getting hit to the tune of more than a full percent. now, google is on everybody's radar right now, trading to resume in just a few minutes.

charlie gasparino has the exclusive details, as soon as next month you say?> right, this is all contingent -- at least this is what shapiro is signalling to wall street executives that the fox business network spoke with. it is all contingent on who wins the presidential election. if obama wins reelection she is likely to leave immediately, maybe even that day handing over her role to elise walter, a democratic commissioner, someone who is considered can do the job. if romney wins -- if romney wins, this could get more complicated. that could take a month to two months that's where she would be in this job longer, possibly staying out her term. i think her term ends with the presidential term in january. that's where she would be in the job longer. clearly she's out. she is telling people this is it. it's a matter of timing and that is on who wins. if romney wins as president, who might he appoint as sec chairman? two names come up, a commissioner, a republican commissioner currently on the commission, and travellers vice chairman william hayman, a guy that i

charlie gasparino has the name. charlie: treasury secretary is not quite politics. liz: markets.:speaking this is a polished -- the guys name is kevin warsh. he is 42 years old. this guy, and a lot of people say he is a hands on guide. he worked very close during the crisis with bernanke. basically against the printing of money. he is now basically, you know, a stanford professor. he makes, from what i understand, $100,000 a pop for speaking fees. not bad. liz: i have to truckload. a good chunk of coin there. speaking that is a lot. i guess he will give up his $100,000 a pop speaking fees. it is kind of funny. the last hit i did on this was wall street laying odds on obama reelection in two will be the next treasury secretary under the obama administration. one good debate performance out of mitt romney and now you have wall street talking about his treasury secretary. still very tight race. they are talking about kevin warsh. he is taking the initiative to trying to push his name to the top of that short list. liz: that is what your sources are telling you? charlie: one name tha

charlie gasparino on why it is true, after this. i'm a conservative investor.t in what i know. i turned 65 last week. i'm tting marrie planning a life. but, there's no reward without it.isks, sure. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollarounts. ishares. income. divinds. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i wa to use the same stuff the big guys use. ishares. 8 out of 10 large, professional invesrs choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficient and low cost building blocks to help you keep more of what you earn. call your advisor. visit ishares.com. ishares. ishares. yeah, ishares. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. neil: well our stocks look iffy but prospects of a president romney are

reporter: without a duty, i know one person would be happen markets are open tomorrow, this is charlie gasparino, i saw you and see discuss it earlier about the fact it had to close. but it is not only thing that closed. let me show you how sporadic thing are. ritz-carlton, no lights, next door, an apartment building, full of electricity. i walked streets of lower manhattan today trying to find a single business that was cleaning up. but without power, so many had to day home, add to that, 8 million who lost power, nearly million on long island who could wait as long as 10 days, this is the connext or to the -- connecter to tur tunnel from lor manhattan to brooklyn, 16 million people use it every year. if you can't get in that way, there are few alternative, tomorrow, limited subway service, full bus service. but we could talking a week or two before everyone is able to get to where they need in particular con ed, reason that water complicates it. much of controls and panels they need to access, are located underground in subways and tunnel areas like this. they are waits for water po recede, it

charlie gasparino with the exclusive story. that is next. for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. ny euronext. locking the world's potential. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what y don't know about flood insurance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year for an agent, call the number that appears on your screen. >> did citigroup violate laws when they ousted vikram pandit as the sea last week? following news first reported by fox business, wall street is at odds if citi actually broke a law. charlie gasparino, what else is happening? >> this is a preliminary inquiry. i saw the differences between that and a full-fledged investigation on this. the sec goes to you and says give us the documents we want. e-mails surrounding the departure. a full-b

but charlie gasparino figures, with romney's attacks on ben bernanke, maybe there is not a lot of mistcharl -- mist tree this, charlie, what do you make, you bash ben bern can bernanke, we're worried what you say and mean when you come in. >> there is some validity to that, market is a combination of many different opinions, and stock price is a cull mill culminating, there is a thought, if you get rid of bernanke, romney said he wants him out, and ben said he wants to begun by 2014. neil: thing is that president obama would reappoint him. >> he might, the sort of foot comes off gas pedal in terms of easing and printing money, i look at it differently, if mitt romney gets elected he will roll back dodd-frank, that financial reform law. and bank stocks and this market of correlated, they will go up. market should respond pretty positively to a romney presidency. neil: dodd-frank is seen as bain of their existent? >> in particular that goes way overboard, and squeezes their profit. neil: he said he would not repeal the whole thing. >> not but the crazy parts. the ban on proprietary tradi

melissa: charlie gasparino, thank you so much.ers from the retailers are rolling in today. next, we will take a look at some of the winners and losers. find out why some of the retailers are betting big on melissa's pick. melissa: take a look at some of today's winners and losers on the s&p 500. netflix trading higher. look at that stop. jumping higher again today. 6.5%. we will be right back. ♪ ♪ melissa: time now for stocks as we do every 15 minutes. let's head to the floor of the new york stock exchange. nicole: shop until you drop. we are taking a look at some of the retailers. reports back-to-school is better for some retailers. some other consumers are tightening their wallets into the big holiday shopping season. i want to take a look at the names that beat the street. the gaps, tj maxx, limited brands. we should note that the gap really surprising everyone and surpassing expectations posting a 6% increase in same-store sales. the stocks is that hides that we have not seen since 2000. some of the methods include target, mac

coming up, charlie gasparino. you just heard cassandra talking about this, depends on who wins as to what sectors you might want to invest in, does it really? charlie will break down what your portfolio should look like if we see another term with president obama or if mitt romney wins. that's when we come back. liz: investors have lots to worry about these days. you have got the unpredictable stock market, trading errors -- forgot about that. that too, flash crashes, the up coming presidential election. you might want to crawl under a rock, maybe, when it comes to your money. don't do that. there are investments to be made no matter who wins the presidential election. charlie gasparino with whom i was whispering has -- >> i don't give people stock recommendations. i stay away from that. liz: that's why i thought why -- this is interesting that he's doing this. >> here's the thing, because -- i spoke with larry mcdonald from new edge. good trader. liz: former lehman guy. >> wrote a best-selling book. i said listen

liz: but charlie gasparino is not holding back comment.t least she didn't say, i'm sorry, i can't hear you. >> with all due respect, kind of sidestepped? it was a direct question, she didn't answer it. i believe the sec is investigating this because -- now, do i know that for a fact? not yet. when i do find out, i'm going to come back and tell people this. but when you add up all the stuff plus that sort of nondenial denial that she just gave, add up the fact that we were the first to report -- not "the wall street journal" -- that he was ousted, he was ousted after the market closed that monday. they went out tuesday and publicly announced it. that monday they ousted him after the market closed and after they reported third quarter earnings. so think about that. then michael neil, who did the ousting, by the way, who basically told vikram pandit to resign, board's lost confidence in you, you should go, then what happened next? michael neil -- forget about what pandit said, i left because i left, he's gone. he basically said it was his dec

charlie gasparino is reporting that pandit was ousted by the board.ou heard mike o'neill saying despite that this was vikram's decision, that there was a process last two years just in case, that was the caveat, just in case vikram was to leave and mr. corbat was at the center of that. that almost one thing, would reinforce what charlie gasparino has on about reporting all day here at fox business. there are a series of questions coming from the analyst who is are on the call what is going to change? one actually said, we're scratching our heads here. if nothing is changing, if nothing is going to change, what just happened with vikram pandit did leaving? the questions are centering on the cost structures at citi. you erred earlier today on fox business mike mayo saying there are problems. citigroup had what we considered, a rigged compensation schemes with artificially low hurdle rates for incentive pay. this question essentially asked during the conference call, mike o'neill, not giving a response what progress they're making to make the operation m

charlie gasparino will join us with more details. liz: everybody got all excited about apple yesterday. watch out, there's a new player in town starting with an a and also put out a new tablet getting a lot of buzz. it has not one, but two screens, everybody and that is just the start. a new laptop with a detachable keyboard, the ceo of asus joins us exclusively with a look at their new product. ashley: with billions of dollars on their balance sheet, will the federal reserve exit from these markets outweigh any benefits? a question many are asking. the all-star fed panel will break it down. [ male announcer ] this is steve. he loves risk. but whether he's climbing evest, scuba diving the great barrier reef with sharks, or jumping into the marke he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things, like what the market is doing and being ready, no maer what happens, which isn't rocketcience. it's just common sense, from td ameritre.

melissa: charlie gasparino, thank you so much for tha reporting.usup-to-date on the story as always.. >>> u.s. oil producti is at a 15-year high but consumers are getting badly shortchanged at the gas pump. we'll explain why. that is coming up next. >>> plus what goes up must come down unless you're red bull's brand. how fearless felix's base jump might have revolutionized the world of rketing. do you have too much money or too much red bull. ♪ . ♪ . meliss so bo times for the oil industr just take a look at this chart. crude oil production has been on a steady incline since 2009. but you would never know it when you go and fill up your gas tank, right? e average cost of a gallon of regular gasoline today is $3.79. that is up from a $1.84 when the president first took office. talk about arude awakening. so what gives? john kingston is plat global and with his take on all this you are on of the smartest guys in this area. there is no one better to break it down for the average person at home. why are we seeing more oil on the mket but the price of g

melissa: charlie gasparino. great story when we let you do it. you think charlie will return tomorrow? melissa: i love giving him a hard time. charlie: i am contractually obligated. just let me finish. as my mother used to say, count to 15. melissa: do you do that, ever? charlie: when i lose my temper. melissa: contaminated water has been found at a fracking site. a look at the impact after the break. lori: let's look at some of the stock winners on the s&p 500. netflix, wow, what a move. it is down to 73.57. carmack's is up. natural resources also climbing. back with more after this. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? whatever your business challenge, dell has the technology and services to help you solve it. lori: kind of a quiet monday morning. stocks --. melissa: not in here. we are having a great time. lori: we always have a great time. markets, if you're long the markets maybe not such a great day. get back to the floor of the new york stock exchange. nicole petallides ke

as charlie gasparino says, and you were from the start saying this was a questionable call. >> right, i mean it was logically -- it was illogical basically in what she was saying. if you know anything about muni bonds, even when you face fiscal distress which is what she was basing her whole prediction on, the fiscal distress coming out of the great recessionnt financial crisis and that tax revenues would be going down where municipalities default on their bond payments even if that type of fiscal distress would go in where they would have to do that, you know, muni bonds have all these covenants and sort of pools of money on the side that you don't go into default that quickly as the few bankruptcies that we have seen so far show you, it is not like you default the next day, often a year. that basis it didn't make sense. also didn't make sense from a lot of reasons. you know, states would be crazy to file for bankruptcy. so would many large cities. remember she was talking about big, big entities in municipal bond markets. when you look at the numbers she has been wrong. muni bond de

charlie gasparino has the exclusive details.e a look at some of today's winners and losers on the s&p 500. first solar up 25%. we will be right back. ♪ >> i'm nicole petallides live on the floor of the new york stock exchange. every 15 minutes we do stocks on the fox business network. the dow jones industrial average is down 61 points. nearly erasing all of yesterday's gains. the s&p down over two points. the nasdaq composite is down .1 of 1%. look at two names on the move when we look at chipolte mexican grill selling off and general motors is looking good. all of this comes on the heels we heard from david einhorn of green light capital basically saying chipolte talking about rising competition and rises prices like general motors. stocks are reflecting that. melissa: nicole, thank you so much. senator grassley demanding that treasury secretary tim geithner come clean what he knew about the libor scandal and calling on regulators create a new american based index to replace the scandal tarred london interbank offering rate. ch

melissa: charlie gasparino, thank you so much for that reporting.-date on the story as always. >>> u.s. oil production is at a 15-year high but consumers are getting badly shortchanged at the gas pump. we'll explain why. that is coming up next. >>> plus what goes up must come down unless you're red bull's brand. how fearless felix's base jump might have revolutionized the world of marketing. do you have too much money or too much red bull. ♪ . i know the name of eight princesses. i'm an expert on softball. and tea parties. i'llave more awkward conversation than i'm equipped for because i'm raising two girls on my own. i' worry about the economy more tn a few times beforehey're grown. but it's for them, so i've found a way. who matters most to you says the most about yo massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. ♪ . melissa: so boom times for the oil industry. just take a look at this chart. crude oil production has been on a steady incline since 2009. but you would never know it when you

charlie gasparino is here with breaking news on this story. here's what is also money tonight. president obama and mitt romney getting ready to face off in the first presidential debate. one man who didn't get an invitation? libertarian presidential candidate, gary johnson of the he will join us here live. >>> plus an influential coal miners union says it won't endorse president obama's slamming the administration's war on coal. will ts be a deciding factor in the election? >>> houses of millionaires collecting unemployment checks? does that make sense to you? even when they say it's not it is always about money. melissa: so here's look at the day's market headlines. spain's prime minister denying speculation that a spanish bailout request is imminent. stocks pared early session gains following the news and the dow closed down 32 points on the day. >>> a mixed picture for u.s. auto sales in september. chrysler posted a strong 12% year-over-year gain. general motors saw a tepid 1.5% advance and ford sales were basically flat. >>> shares of metropcs skyrocketed nearly 18%. deutsc

charlie gasparino joins us next to break down what led to the decision to shut down wall street today and the arguments that happened about it. but first what does it look like outside right now? live pictures of battery park. as i said, there is lady liberty standing strong against hurricane sandy. this is lower manhattan where robert gray will al bring you the very latest -- will also bring you the very latest updates on the storm. fox business with the bravest reporters out there. stay tuned. de and ♪ ♪ you can help others along the way. ♪ ♪ a portion of every bottle that they sell goes to fight ♪ ♪ breast cancer and i think that's swell. ♪ ♪he more you take, th more they'll pay, ♪ ♪ so make them write a big check today. ♪ ♪ and if you're feeling a little slow, ♪ ♪ then 5-hour energy will help you go.♪ ♪ so buy a bottle of pink lemonade and ♪ ♪ you can help fight brea♪ liz: breaking news we want to update you on this crane situation. you are looking at a building that is the tallest residential building in new york city, currently under construction. it is to be 90 stories there at

a story our charlie gasparino reported months ago.he journal said that goldman employees donated more than a million dollars to the president's campaign back in 08. this year that amount is down to $136,000. meantime, the romney camp has received $900,000 from goldman employees, plus another 900,000 going to romney's super pack. if you are looking for some stock market perspective, here's how goldman sachs has traded over the last five years. in the last four decades since congress created the campaign finance system, connell, no company's employees have ever switched sides is abruptly so says the "wall street journal." connell: that is kind of interesting to see that much of a flip. dagen: fat cat bankers getting called fat cat bankers by the president and no input on dodd frank. connell: absolutely, people are upset and they let their money do the talks i guess. -- do the talking i guess. there are a bunch of business leaders in d.c. today and they are talking about the many roadblocks as they see it to getting our economy back on t

charlie gasparino joins the next with a lot more. first let's check the dollar, how it is daring with the stock selloff under way. a stronger dollar, we will be back with more after this. [oinking] [hissing] [ding] announcer: cook foods to the right temperature using a food thermometer. 3,000 americans will die from food poisoning this year. check your steps at foodsafety.gov. i'i invest in what i know.r. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares. commodities. diversification. choices. my own ideas. ishares. i want to use the same stuff the big guys use. ishares. 8 out of 10 large, professional investors choose ishares for their etfs. introducing the ishares core, etfs for the heart of your portfolio. tax efficien

[laughter] >> charlie gasparino, good story, good investigating.. >> absolutely. >>> foreign policy the focus in tonight's presidential debate. up next fox news middle east analyst on the issues you need to watch for and the differences between the president and the governor, including oil, which hit all of our wallets. >>> and take a look at some of today's winners and losers here as we head out to break. you can see peabody energy having a really good day, up better than 9%, almost 9 1/2. we will be right back. [ male announcer ] eligible for medicare? that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aa

we have charlie gasparino. charlie, first on the bolts of wall street. >> in january of this year, i wrote the story the first time. the goldman -- the question is would they ever do without face? a question that you thought they were spineless worms. neil: disingenuous. >> the journalist is catching up to the reality that i reported in fox business and others -- is that they have nowhere to go. even if they were as spineless as they are. and they probably aren't. they do know that when they turn around and give a lot of money to obama -- he would get nothing out of it. obama is not going to repeal dodd-frank. >> they can't be any worse off. an 18-point advantage that just disappeared? >> it's coming down to the women's vote. it is very important. neil: the vilification that they have seen of mitt romney prior to the debate, he doesn't quite seem that way now. in other words, he's not so bad. >> are you asking me? neil: yes. because i don't care about charlie. [laughter] >> i'm having a little trouble hearing wh

charlie gasparino has the very latest. hen i saw that, i wanted to bang a coconut on my head. this is kind of interesting. one of the reasons why investors are pulling money out. you look at withdrawals from stock mutual funds. that is catastrophic. they are losing confidence. three huge amounts of money. the major reason why is they do not think the market structure is safe. you have things like my capital imploding. that is a big problem. following knight capital explosion -- to see if they have the trip wires that will present major catastrophe from happening again. they are not done yet. we do not know when they will be done. they are trying to get it done before the election. the basic things that we are hearing is a following, the sec is really worth that major firms do not have those flyers. these are very basic trip wires. they would alert senior management, drug trade are going out there and they should not. that is a real problem in the market. they are also finding that these firewalls may not exist. it may be in

this is from the exclusive reporting from our own charlie gasparino. chuck grassley is launching an investigation into the libor manipulations. this is being started by the senator from iowa. they are turning up the heat on the treasury secretary tim geithner. barclays and other big banks and whether or not interest rates were fixed. a lot of this has been sent overseas until now. two senators starting an investigation to libor. let's move on. the economy certainly at a crossroads here with a fiscal cliff looming. our next guest, though, that people underestimate the positive impact we are seeing right now and housing. liz and sound are is in studio. what are we missing on housing? >> we have had a string of numbers. that factor has six years of a study drag on economy. only about 2.5% of gdp. i think people are underestimating the ripple effect to think like confidence. connell: what does it mean for the future? >> the numbers we have seen have been anemic. it is interesting to see how the conversation has turned. brian was very was on with us yesterd

lori: breaking news from charlie gasparino after the break. and you will not believe what they are short on. check how the dollar is doing. much stronger dollar to a 12869 level against the euro. the solid protest in europe, not doing much. more after this. >> 22 minutes past the hour, this is your fox news minute. a judge has sentenced jerry sandusky to at least 30 years in prison on child sex abuse charges. the sentence means a former penn state football coach will be in prison until he is nearly 100 years old. the 68-year-old sandusky still says he is innocent and plans to repeal. israeli prime minister netanyahu is planning an early election due to reports that announcement will come in the next few hours. israeli commentators predicting election will be held in january or february folks and tensions with iran over nuclear program and the israeli economy. and penske media buying "variety." covering hollywood for more than 100 years and still considered a top industry source. they said they would put it up for sale. the news headlines on th

charlie gasparino has the inside word on this. to the long-term replacement might be. melissa: look how the dollars fairing on a day when stocks are up 123 points. weaker against the euro and the panel will be right back. >> 22 minutes past the hour your fox news minute. nnw concerned about the safety of a pakistani girl who has been flown to england after being shot by the taliban in her home country. the 14-year-old was targeted for promoting education for girls. the move to england was supposed to protect her from further attack but british police have questioned two people who tried to visit her in the hospital. hillary clinton says she was responsible for the security breach at the u.s. consulate in libya where the u.s. ambassador and three other americans died last month. speaking to fox news clinton blamed the fog of war for the confusion and details surrounding the terrorist attack. republicans criticize how the obama administration handled the incident. vice president joe biden joining other power brokers for the funeral of our inspector outside philadelphia.

we have charlie gasparino reporting at the new york stock exchange tried to negotiate a day of only electronic trading. connell: you will hear from the head of the exchange on that. also, the big october jobs report. no decision on whether it will be delayed this friday. this is the last age or economic release before next week's presidential release. we will speak with art laffer. dagen: the president due back at the white house this hour. both campaigns canceling appearances because of the storm. the impact it will have on the election that is just eight days away. good morning, everybody. we continue to track hurricane sandy. 90-mile per hour sustained winds. the storm still a category one, but it is so much more. connell: job astarte is all over it. it is so much more. you have been on it from the beginning. >> one of the things i have been advocating over the years is the power rating. if you do not find the real high winds and one small area, like we see in some of the storms like charlie, remember charlie, it will spread out, it will be a larger area of very strong wind and you will get

>> thanks to our charlie gasparino and reporting that he's done coming out with the latest that the boardy for a long time and some of the things that we've talked about this morning and confirmation from some sources, and this is a source close to citigroup, according to the charlie gasparino and that one problem after another, this is one of the reasons why we said that the board may not have been happy with vikram pandit and was not happy and had so many issues, the failed stress test, said that the bank had actually passed it and that they might buy back stops. the fed stopped him from doing that and you may remember that, and the morgan stanley fiasco, and that the evaluation was not correct and so citigroup got screwed in that one and that's what they're saying. and the overall finding, that he's a smart guy, but that's not the greatest ceo. stuart: thanks very much. i see citigroup doing what? it's still high. at 37 a share, right. after that shock earlier. right? and it's 37 bucks a share, got it. thanks, indeed, nicole, dow is up 106. the other story new at ten according to senat

charlie gasparino has the latest on this and joins us. charlie: we should get out why this is a big story. a pretty investing survey named the top three or four things investors are worrying about and why they are pulling money out of stocks. the dow is up big time. small investors are not in this market. they put their money in bonds and gold. they talk about market implosions. /crash and night capital blowing up and a comput fat finger. they're doing a high in sweep of the brokerages and here is what they are finding out. they are worried firms don't have safeguards. basic safeguards to prevent a massive screwup with a combination of human error and firms that have these firewalls or they are at least not adequate enough. at night capital, it is some sort of combination of technology not having the technology that would catch it but huge human error. this is a story that is not going away and one reason why is the sec investigation. tom choice, ceo of night capital still at the helm even though he was supposed to be watching and making s

more than you think according to charlie gasparino's next guest. taken away. >> i will say this.was the first person i know who made it out clearly in the fox business network that steve cohen was indeed a substantial target of the government's investigation. we took a little flak for that. turns out to be everybody is caught up. he is a target. let's get into the -- batman's butler. >> before there was a robin there was alfred. you have to have a confidante. look at any criminal organization. charlie: a criminal organization -- [talking over each other] >> has to have a confidante. john gotti -- you always have to look for the person you know as the trusted confidante and can give you that key. charlie: you say the fbi is doing that? >> i believe mr. steinberg is the alfred. charlie: prominent portfolio manager put on leave and has been named which means -- >> it can mean a lot of things but it is hardly used in the justice department. you are not invited but you put a pale over that person. charlie: we think you knew what was going on? >> it is a chess game. and i indicated? is

charlie gasparino working this story for us. we will be here soon to talk about it more. fairing today how the currency is doing against the greenback. the yen and canadian dollar is down. we will be right back. >> 21 minutes past the hour your fox news minute. officials confirmed a florida bomb disposal team was sent to guantanamo navy base in cuba after hurricane sandy turned up what appeared to be a 500 pound bomb. the object which was discovered around and:00 a.m. tuesday was entered. the base posted an all clear notice on its face those page this morning. superstorm sandy claimed the life of an off-duty police officer monday night. nypd says 28-year-old died while assuring seven family members to safety as floodwaters surged into his staten island home. the officer was assigned to the department's first precinct. take a look at this incredible video. sandy shows off her strength as she ripped this tree out of the ground. this happened on the north shore of long island at huntington, new york where wind gusts reached 80 miles an hour. that is your fox news minute. bac