s&p. back to you. cheryle 10-year treasury yield has come down just a bit, but getting closer to the next meeting what will treasury's due next and how should you be investing? join me next, fixed income strategist. it is good to see you. the 3% number, we know it matters on the yield, but how much does that matter to the bond market in the greater scheme of things here? >> it is more of a mile marker than a fundamentally significant level. after the beginning of may or so, we had a tremendous move, 140 basis points in less than six months. it signals psychologically there is actually value in some areas of the bond markets now despite the negative returns. cheryl:'s seems to me you are advising clients and our viewers is about short-term debt, the longer-term debt is maybe not as attractive to you, is that a fair assessment? >> i think it is for a couple of reasons. there are fewer and fewer places in the world to hide right now. looking at the short end of the curve the options are to invest and earned virt

cheryl s asks, where is wall dough, i mean joe biden with the scandals? there have been next to no blunders? where are they hiding him? bob? >> well, let me just say this used to be a fun segment. now we have turned it into the obama administration series of questions. the answer is he is in mexico and meeting with the president of mexico to talk about trade. >> all right, let's go on to the next one. by the way, i agree. sonya s asks what do you think of the new epa clause -- >> oh here is new one. >> i think the epa laws are exactly what president obama said there would be. it is to necessarily sky rocket all of the electric bills for regular evidence people. regular everyday people. even though people can comply with them, and it will ban coal -- not ban, but run the coal plants into the ground. >> let me say that obama is single handedly destroying -- >> get out of here. >> under president obama's watch, -- these are the biggest coal companies in america walter energy is down 26% and ash of coal down 71% james riff down 85% -- james river is down 85%.

cheryl s. asks, where is waldo, i mean, joe biden? where are they hiding him? bob?me just say, this used to be a fun segment. now of course we're turning it into an anti-obama administration series of questions. the answer is, he's in mexico, meeting with the president of mexico to talk about trade. >> okay. all right, let's go on. what do you think about the new epa laws? >> here's another person. >> i want to back you up. >> i think the epa laws are exactly what president obama promised. which is to the necessarily skyrocket all of these electric bills for regular everyday people. these new rules will essentially ban coal -- not ban, but run coal plants into the ground and they're not going to be able to -- >> let me back this up. single-handedly, president obama is destroying an industry. 174,000 jobs in the industry, ready for this, under president obama's watch, these are the biggest coal companies in america. arch coal, one of the biggest, down 71%. james river down 85%. consol energy. he is destroying the coal energy. >> h america a coal-osco coal-oscopy. >>

. ♪ s oorksz cheryl and i will return at 6:00 with a dolg fighting ring busted by police how the searchf a smart phone gave a suspect away and it's only on abc 7 news. >> we'll have team coverage of the arrest of the 49ers alden smith. taifd louie will be live to walk us through what happened. >> and a 49er fan alert why prices have gone so high this year. michael finney with a guide to cheap seats at 6:00. >> you want to get out to get air tomorrow? help needed for largest volunteer event to clean up coastline autos yes, tomorrow is coastal clean up day. volunteers invited to come out to state beaches to collect trash. >> last year 65,000 people turned out to collect 700,000 pounds of garbage. >> that is less than in years past, prt of the reason because of new bag fees and antilitter law that's have reduced number of garbage that makes to the coastline. >> that is good news. those beaches up and down the state. the question, will they get wet? >> that is the question. there could be showers out there. but what a nice thing do do. >> that is rite. >> it's a good thing to do. >> world n

cheryl: nicole, thank you very much. david: s&p futures are closing in just about a minute 1/2.'s go back to chris gersch in the pits of the cme and our own sandra smith. sandy i specifically asked you to be in this newsroom. unfortunately they put you in the other. i did see you in the greenroom. at least for that. is this momentary pop to the upside or do people see another floor developing and we can build off of that? >> something interesting is about to happen. you know, david, when you look what is happening in the stock market. we continue to get these gains, triple-digit gains in the dow today. s&p, nasdaq all higher on the session. you have the commodities market selling off. oil is down nearly 2%. gold continues to sell off, the market is not only pricing in right now, lack after strike by the u.s. in syria, but they're also starting to price in the fact that the fed may not be willing to do anything at this meeting. cheryl: right. >> so either it is setting up for a disaster or pricing in reality. so, i mean, either way this market could be taken by surprise. cheryl:

cheryl: good. dennis: i, this s -- instar gram takes on twitter with advertising. will it look? ple is a big winner today, 506.7 a. we'll be right back. ♪ e e i dennis: instagram advertising in the next year. facebook bought the photo sharing service for a billion dollars a year ago, an insane price because they had no revenue at all. it's looking less crazy now. since that deal, they expanded five-fold to 150 million monthly carl active users, rapidly gaining on twitter, that's 200 million, but reports are, meanwhile, facebook is delaying plans to introduce video ads on its site. there's a new buy recommendation on facebook, $44. i bought if at 18. myley twirks and gets yanked. her raunchy performance just cost her the cover at vowing magazine. daily mail reports that the editor of vogue may famous already had her photographed for the december cover naming her a new fashion high con, but when the 63-year-old fashion magazine saw the tongue wagging 20-year-old cringe-worthy cavorting, they decided not so much. this just in, guys, miley hosts "saturday night live" in a few weeks.

cheryl: was moving in to the index today. >> yesterday would have been even better. the stock has done well. last month is up 6% or 7% something along that so beating the s&p. a little bit of trouble right now but that is not the only reason it is up. cheryl: watching the show now. all right, here it is the second pick, you said that at the time of month ago you said two acquisitions, reducing debt, stocks down 2% over the last year. >> we like it to the acquisitions from chesapeake so we were betting on that and we were heard a little buy it so d.c. group passed on its right to buy on its 50% stake, and the stock mentioned challenges, and there's better opportunity elsewhere. that will be a drag. cheryl: do you agree with this? >> not in a we follow. and investors are not going to get compensated for high risk right now so stick with the larger one, thematically speaking -- cheryl: and go home. let's see how these stocks third since you picked them and who will be moving on. it was rotten, down over 5%. it -- the the the first two. the second it was visa, it went hy over 8%, going in to the dow, and the resources are down over 5%. and total 1.5%, you are do

cheryl: awaiting his turn we change. >> that is true. and isolated index will come in to play. when you consider the index versus other broader benchmarks offer for looking at the sthing. cheryl: let's move into the different sectors of the isn't the for 2012, here we go again. technology, financial, same sectors that are moving higher in 2013. any story different in your opinion? >> not really different. we have cyclical out performance and that is. testament to the market. that will see the interest rate sensitive sectors underperform in the months ahead. a short term, we should see stabilization from a relative standpoint. cheryl: always great to have you on the show. as the analysts don't get technical analysis they don't get enough perspective. very interesting. thank you. dennis: another leg up coming. cheryl: she is very positive, very bullish. cheryl: a new case schiller report suggests the pace of pricing gains may be slowing. cheryl: it is back. i know i did as a kid. wonder bread. we are going to tell you who inherited the wonder bread. i can't eat it now. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create

s&p. it was a great week for equities all things considered. cherylre telling clients about emerging markets that will benefit from the fed. we'll bring you back. >> thanks very much, sandy. thank you, tim. >>> st. louis fed president james bullard gave a speech today after the fed decide the not to taper its bond buying program early in the week. why did bull guard favor doing nothing and the question on the table is what happens in october? cheryl: peter barnes sat down with mr. bullard today here in new york. he joins us in the ceo. great interview, peter. >> thank you. want to get to the issue of fed credibility which you will talk about with steve forbes. david: i want to talk about the other credibility. >> let's get through the policy question. this has become a big issue because we heard over and over and over again from fed members, hey, we'll maybe probably taper in september. didn't happen and lots of analysts and economists are questioning the fed's credibility. i asked jim bullard about that. here is what he said. >> i don't think so. we

cheryl. when we look at the s&p 500 as a whole, we do not see that as a screaming bargain right now.hat is a good place to be right now. cheryl: thank you for this nice friendly discussion. they will be back later in the hour. they will battle it out. they are our last two contestants. they have each picked two new pics. they will go head to head in fight for the title and, of course, the coveted trophy. dennis: i argue that the feds ought to find the wrongdoing individuals instead of their banks after a major screwup. paul says yes. for you and me, a fine wood stain. at least for me. george said the entire basis of doj involvement is hard to fathom. four, let's bring in the director of financial regulation studies. thank you for being with us, mark. >> the actual wrongdoing gets community for rolling over on his friends. to me, i think that's the absolute wrong signals. to me, you are not really did during robin if the executive's or the traders know they can cut a deal and walk away. i think a lot of this is driven by headlines. dennis: even jamie dimon, if the fine work coming out

cheryl: we will see when a few moments. the s&p, and the longest losing streak of the year.et has been facing, other things at play, and why and joins us now. you say the slide in stocks over the past few sessions is no surprise and a piece of this certainly is what we are seeing in washington, correct? >> that is right. we certainly expect there will be some market weakness as we enter the last quarter of the year. we are seeing fewer new highs in the market, in the broader indexes, particularly weakness in the financial sector, even jpmorgan and goldman sachs, big-name in that sector even though they are up today. we have been reducing our financial exposure but there should be some technical weakness in the market because of the budget talks. watching to see that action, certainly in the fundamental bull market. cheryl: basically looking at a sector rotation, you have your eye on financials from a technical perspective of but what about other things we might be missing at this point if we are so focused as investors on what is happening in washington and distracted by the

cheryl: as of yesterday, put them up, i was looking at a 3d s, you get 57, 4 could be $169, 4 s 260 or day. >> we are a market place. you are actually shipping at the seller to the buyer, so the buyer is getting a good deal but you get the most value because you send it to someone who can use it, there's no middle man. cheryl: walmart announced today it would give you up to $300 but it is a credit you spend at a wal-mart. you guys give? >> we get cash and we are going to get 10% to 20% of not. cheryl: obliged said it will beat trading sites including apple. >> apple will be closer but we will offer more. it is a like a car dealer, taking your car back to the dealer. it is that the best place to sell your car? probably not. we make it incredibly easy to sell on your own, we take all the challenge out, we send the box to you. cheryl: they send you the box, put the phone in. >> we have the label of the buyer on it, that was your label, put your label on, the buyer, already paid postage, you never need to leave your home, give it to the postman. cheryl: dino iphones are the most popular on

cheryl and dennis. dennis: thanks very much. is the s&p poised for a big year? morgan stanley think so. to the pits of the cme where sandra smith -- sandra: 1600 in the s&p 500 by the end of this year. a new forecast, analyst adam parker, chief equity strategist at morgan stanley, 1840, this same time next year, that would be a long way to go in a short period of time. the worst case scenario is 23-27 and they worked it all out and said the highest probability is a year from now, 11% gain from where we are today, growth in emerging markets, growth in developing nations as far as the economy is concerned, what could throw a wrench into this rally is a stronger u.s. dollar, higher oil prices and marginally higher interest rates. we hear a lot of calls all day long, but we are feeling more bullish from major banks which could have an influence on the market. dennis: thanks very much, sandra smith. >> in new season of nfl football action along with players when it comes to added padding on the field, jeff flock in woodridge, illinois with the main patting manufacturer for the nfl's 5 and kn

cheryl: right now the dow down 4points. -@could be the third day in a rw down for the dow and s&p.ouple sectors really geting a lot of attention, in particular, back to the banks. with all the changes to the dow, we'll talk about this in 20 minutes with another panel, i want to show you how some of the regional banks are doing, a lot of analysts say don't want big banks. watch smaller names like pnc or suntrust. wells fargo is considered one of the bigger names. going back to the banks overall, as you can see they're doing well. here are the three markets, dow, nasdaq, and s&p down a little bit. let's bring in nicole petallides from the floor of the new york stock exchange. you're looking at nicole. >> looking at blackberry, under pressure again, cheryl. let's look at the stock for just a moment. trading $8.35. a far cry from the $11 range when we were talking about blackberry being a takeover target not too long ago. down 4.2%. this is news in the latest quarter they will take a charge of nearly one billion dollars, with underperforming sales there and what's interesting, we talk

cheryl: temperature in many states in the 90s but get ready for this, christmas advertising is already starting. take a look as we go to break at the winners of the se announcer ] these days, a small business can save by sharing. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borroyour boat this weekend? no. [ male announcer share more. save more. at&t mobile share for business. ♪ stuart: she dennis: we will get movers with nicole petallides. nicole: dow jones industrials up 91 points but worth taking a look, let's look at netflix which hit a new all-time high of $3.14 and since cooled back apple the day after the i phone 5s, the apple weighing on itself, down 6% but also one major averages on the nasdaq and the s&p. restoration hardware getting hit hard, should have sales growth disappointing a

s&p 500. three straight days of gains. the markets have been buffeted and knocked around. so far, you know. cheryla battle royale. shareholders finally approving michael bell's buyout. adam shapiro has more. >> he is being very tightlipped. we just ended a conference call with analysts and reporters. he is reluctant to talk. he did say he is very pleased with the outcome, obviously. that is what we will talk about right now. what does he do once the company is taken private? the forces of cloud, big data and security will change the way the world works and innovates. they talked about the fact that 39% of their revenue comes from enterprise solutions. that is the direction that this company will be going. we are in the middle of this execution. there are shareholders there were at the meeting this morning that are not happy with this outcome. here is what he said. >> he should have stepped aside when he announced a year ago that he was going to buy this thing or taken private. he should have had no business in doing any daily operations or nothing. >> to keep it into perspective, roughly 24% of th

s&p 500. gdp could be higher, but it is the highest it has ever been. let's not lose sight of how far we have come. cheryle dealt with the credit. recession. now we see a need to see is economic growth. higher interest rates, loan growth. again, looking for the growth side of this recovery. we have been through the trouble spot. cheryl: you like the banks, bank of america. i know you have been watching the financial sector from an investment perspective. the trading perspective. the dow is up 34% in changed from where we were five years ago today. even more so if you take out the lows of 2009. do you feel good about where the market is right now? >> clearly if we could do a deal over, when it be nice? in those days people were scared to death. wall street typically when it holds a fire sale everyone is afraid to come. the market, the performance of the market has been remarkable when you think where we were during that time from and where we are today. whether it is justified are not, of course, that is in the eyes of the beholder. i would say that the pieces are in place. cheryl: all right. i want to tha

suing ex-girlfriend cheryl robe isson in the amount of $5,000 for money he says he lost as a result of a false claim charge he says she filed against him. >> mr. flores, you are suing sns that you lost your job. >> that's correct, your honor. >> this is your ex-girlfriend. >> ex-girlfriend. >> how long were you boyfriend and girlfriend? >> we were dating for about six months. >> what type of relationship was it, ma'am? >> it was good in the beginning but he's a club boy. what can i say. >> where did you meet him? >> at the club. >> if you meet a man in a club and bring him home he's still a club boy. what does that mean? >> he flirts with everyone. >> you can't meet a good man in a club. my mama always said that. did any woman here meet a good man in a club? are what is that about? good men don't go to clubs. i don't know. but you don't meet a good man in a club. i hope you learned that lesson. you don't meet a good man in a club. how long after we met him in the club did we become boyfriend and girlfriend? >> didn't take long. we met the first time, probably just two weeks later we were solid, together, relationship. >> two weeks solid. >> yes. >> we were having a g