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chu referenced this and maybe through legal services as children show up to court we can capture the names there. as our community based organizations go after funding that we make available we can build into the contract reporting requirements that have the follow up so we can -- there are some things we can do but -- >> but 85 to 90% of the children who are get through the beginning of the federal system and then are assigned to hopefully the family member with whose name they came across the border that's it. we don't have anyway of knowing who they are. nobody is telling the city and county of san francisco this many children have been placed with relatives who have identified -- with an address in san francisco. >> they will give us a number but won't give the names or

jimmy chu trade flat at 140.10.he luxurymaker known for its high end shoes priced at the bottom end of its range. this gives the company a value of $546 million pounds. no new shares are being offered. this ipo coming on the back of what has been a volatile couple of weeks for the ipo market. in fact, two major companies delaying their listings. good technology tlad their listing to 2015. we spoke about bogs, they delayed their listing until sometime next year. >> absolutely. and this data that we've had out highlighting the close correlation between volatility and lower capital market activity. one of the stats i wanted to pick up on, 2014 year-to-date, the sort of year that we've been saying so far has had plenty of successful ipos, saying only 17 percent of those ipos are priced above the range with almost 40% pricing below. perhaps on the pricing point not quite as strong as some people had suggested. >> right. but if you look at the sector performance, technology is still one of the best performing sectors in t

to dominic chu, what would you do? >> i don't know, but i would be worried they couldn't keep my coffee hot by the time they deliver to me. they need technology on that front. let's check out what is happening with cocoa on track to hit a 5.5 month low this as a stronger u.s. dollar weighed on commodities. the more dollars they are worth, the more pressure there is to the down side for cocoa prices. this is ramping up of cocoa harvest happening amid signals of lower demands in some regions. cocoa off by about 1.5%. west africa a very large cocoa producer. >> thank you so much. >>> market delivering plenty of buzz today. let's go to the floor of the new york stock exchange. art cashin is with us. good to see you, guys. it looks like it will be a treat this time around. >> it is going to be a treat. this looks like we will follow the pattern that they set up in europe which is the gap at the opening and flat line at the close and not giving up much of the gains. i think the viewer should realize what we are seeing around

chu. >> good afternoon committee members. i am director the community department with the mayor's offices of community development. for the legal service portion many of you know that the board of supervisors and the mayor recently allocated over $1 million per year over a two-year period to support legal services to represent both these unaccompanied children and their family members. that figure was based on an estimate of 300 to 500 children and annual case load of approximately 40-50 cases per attorney, specially $100,000 per attorney. we are hoping that within the month of october and the next two weeks to issue a request for proposals to secure one provider or a set of providers. i think it will be a collaborative proposal with a lead organization that will house probably eight to 10 attorneys with the lead agency providing a lead attorney that will be responsible for the service coordination, liaison with the immigration court, with the school district, with legal service providers and the city that will on a regular b

chu. i apologize you're not the lot of presenter. we have the office of civic engagement and immigrant affairs. thank you for being here. >> thank you supervisors and commissioners. i just have three slides and i'm going to skip to what we're doing particularly relative to the unaccompanied children. we have been working for the past months with our nonprofit and partners in san francisco in san francisco and washington d.c. and the policy institute, and a number of other organizations and i think chair kim you put it -- you hit it right on the button that data and having numbers and names is extremely difficult. data collection is going to be really important for san francisco, especially if the city is going to tap into any state or federal funding that may become available. if we can forward to the next slide i think we're one slide behind here. we have a mayor's page and bilingual resource guide and translated materials provided to families by the san francisco immigration court. we translated a number of websites in the city to

dom chu has some of the big movers for us. dom?off with facebook which reported earnings of 43 cents a share. estimates for 40 cents a share and beat there. revenues though coming in just slightly better. $3.2 billion. jon fortt tweeted out this is not when you see the wild stock swings. look for the conference call and outlook issues to move the stock more. gilead, also in terms of earnings per share, unclear if that's comparable to estimates. revenues coming in slightly better. the hepatitis c treatment, sales lighter than expectations. so those shares you can watch for that one there. electronic arts, 73 cents a share beats estimates in terms of 53-cent estimate. also sales coming in slightly better, as well. shares up by about 3.5% and then invensense reporting five cents a share versus estimates of 16 cents a share. sales in line at $90 million and said that gross margins declined from the same time last year due to a one-time inventory related charge and a secular shift to certain lower margin type items and the revenue mix a

we have a news alert with dominic chu back at headquarters.. >> friend of corporate divorces continues here. we've got some news on symantic will split itself into two publicly traded companies. the board of directors has unanimously separating. one will focus on security and one will focus on information management. the separation follows an extensive business review of the company's strategy and structure. they believe creating two stand alone businesses will allow them to maximize their growth opportunity and drive greater shareholder value. symantic following the trend of value into two companies. symantic will be one company to focus on cyber security and one focusing on information management. at the close they're down 2 1/2% with the rest of the market. we'll see what happens on this news pending hold. back to you. >> symantic had been rumored, speculated, that they would be next after hewlett-packard. comments on that? the broader trend or if you want to take us back to the markets? >> let's talk about everything, kel. that's the way i

as stated by supervisor chu, there are two pieces of legislation that requires to go through this process. the first is the 1994 act which is otherwise known as the california street and highways code of california. our local act, which is a part of our san francisco business tax and regulation code and its otherwise known as article 15. the resolution in front of you covers annual reports for the fiscal year of 2009-10, 10-11, 11-12 and 12-13. owd is responsible for ensuring all community benefit districts are meeting their requirements. the fisherman's wharf cbd is responsible for two districts. there are roughly 127 parcels on the land side district and around 49 businesses that are assessed on the business side. on an annual basis we collect around $800,000 in assessment revenues. the fisherman's cbd, both port side and land side, will expire on june 30th, 2020. staff of the cbd are comprised of 3 main staff, executive director troy campbell, who is with us today, program manager ruell daniels and marketing communications manager rachel brown. the three components of service areas at

chu has reportedly admitted to the charges. china's leadership is aiming to use chu's indictment to demonstrate its anti-corruption stance. >>> victims of weapons abandoned in china by the former japanese military during world war ii will be getting help in a new way. private organizations from japan and china will jointly set up a fund for them. a japanese representative says this is the first fund to be created through civilian cooperation between the two countries. the two groups are aiming to establish the fund by the end of the year with about $330,000. residents in china where weapons were abandoned are suffering from the aftereffects of poisonous gas leaks. they need assistance with medical and living expenses. >> translator: it's important to work with the private sector. this will help promote confidence building between the two countries. and prompt the japanese government to offer a helping hand. >> the chinese foundation will start asking local companies for donations. the japanese association will also make appeals

for "nightly business report," i'm dominic chu for the stock exchange. >> so where do the markets go from here? we look at a two-part discussion in the international markets as well as forecasts for bonds and commodities. our guests tonight look at u.s. international investing, we have the chief international investment strategist, and seth masters chief investment officers at global wealth management. thank you for joining us. gentlemen. >> thank you. >> let me begin with you, seth and the u.s. markets, why did we get this big selloff today? is this the beginning of the big correction that everybody has been talking about? >> quite frankly i don't know, but i think over time we'll see that the market trends upward, we have a fair amount of volatility. because the markets are growing, the companies are growing at strong levels and we believe it is a way that will be sustainable in the next few years. >> all right, paul, do you like international markets, which do you think will perform better over the next 12 months? >> we'll take the u.s. this time, we're overweight, u.s. large caps

for "nightly business report," i'm dominic chu. >>> so where do stocks go from here? our guests tonight have completely different answers to the question, barry banister is chief investment analyst, and jack apple, chief investment officer. let me begin with you, barry, you have a 2300 target on the s&p by year end. it is a very bullish forecast. and you're sticking with that. tell us why. >> you mean, 450 points in 50 trading days? >> exactly. how do we get there? >> yeah, we entered this year with a flat view of 1850 for the first nine months and clearly i jumped the gun for this october which is a slippery period for the stocks. keep in mind you have the continuing growth, the free rates, accommodating policy, a fairly bullish back drop. >> look, all of that makes sense, i get it, but you have investors freaked out about ebola, about weak economies all over the world. even though you make a lot of sense they may be too fearful to buy stocks, where is that rally going to come from? >> keep in mind a lot of countries had to be dragged in to the kind of policy maneuve

back over to you. >> from chu to choo-choos. amid mixed earnings the sector, volume growth for the rails also continuing to rise. could it mean a major gridlock on the rails? morgan brennan has been looking into it. what did you find? >> railroad operators have seen freight volumes surging all year. they've all grown by double digits this year, but there is a catch. we've seen backlogs, delays, service disruptions. the energy boom in that area is a key reason. >> we've seen a big impact on our railroad from the growth of energy business, from frack sands to natural gas liquids to crude oil. we have a lot of infrastructure and work going on, but right now we have a slower network. >> this issue, which man 'tises if choke appointments like chicago, where all the networks converge is why canadian pacific approached csx about a now defunct merger because the ceo expects the worst gridlock ever if the industry continues as it is. other operators csx, and norfolk and others say it won't helped in their investing in more trains and cre

well, dominic chu has some answers. dom? >> sue, it has to do with earnings and whether or not those earnings will be impacted by all the market volatility. a lot of experts say no, and that may be one reason why you aren't seeing a lot of revisions. we'll have that story and more coming up next on "power lunch," so keep it right here. i'm type e. my golden years will not just be gold plated. i had 3 different 401(k)s. e*trade offers rollover options and a retirement planning calculator. now i know "when" i'm going to retire. not "if." just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. >>> welcome back to "power lunch." i'm jon fortt at the apple event where we expect to see new ipads. but first let me

dominic chu takes a look. >> it often drives rolltity for the companies reporting. among the best performing on earnings day is beverage company keurig dream moucur green mount. it has risen an average of 12% in the trading session immediately following its earnings report. it was helped along by a huge gain earlier in the year after announcing a big investment by coca-cola alongside its earnings report. among the worst performing stocks is office supply retailer staples, which has fallen an average of 6% after each of the last eight earnings reports they've had. while those two companies are the most volatile it's the biggest sectors and stocks that will get a lot of attention this week. >> if you look at the way the s&p 500 is kind of constructed its financial, info tech and consumer discretionary, every one of those is expected to have very powerful double digit earnings growth in the next quarter, which will be kind of a really perfect situation for a broad-based strong market. >> tech and financials are especially important because they are the two biggest sect

i think director chu made a very correct and accurate statement, particularly for this population it's a little harder but it's not impossible. i think us coming together as a body of government providers and department heads and departments as well as nonprofit agencies just to think about how do we address the system and address this issue might be the first start to this. i know that our nonprofit agencies have a direct link to the young people and their families and maybe that's where we start to make sure we're coordinating appropriately. i like the idea of connecting the bits and pieces of data we're getting from the feds to perhaps some of our other services that's through the want department of public health or through the human services agency so we can at least get an idea of the -- you know, the types of kids that we're serving so we can at least narrow it down what they need but right now we don't have a very good answer for that and we would love to to be a partner in that. we can convene meetings and folks to have this conversation but i have to say that ms. kent has been

. >>> up to dominic chu. >> ibm buying more stock.horized $5 billion worth of stock to be repurchased and the company says it will make purchases pursuant to market conditions and in addition to this is the remaining 1.4 billion left on the current buyback plan. notes ibm has bought back around $108 billion of its own stock since 2000. ibm shares lagged overall market but it should be pointed out that ibm has invested about $133 billion worth of research and development and capital expenditures. the balance story there for ibm. >> american housing market. are we now a nation of renters or buyers. is owning a home no longer part of the american dream. go to cnbc.com/vote. >> american dream or not u.s. homeownership dipped again. now at the lowest level since start of 1995. the homeownership rate fell to 64.4% from a high of 69.2% in 2004 according to the u.s. census. add to that about 3 million borrowers in some stage of foreclosure and the real homeownership rate is lower. is housing too expensive or is there a bigger movement here? >

supervisor david chu represents chinatown on the boozer. >> it is incredibly sad and disheartening that in 2014 someone would say such incredibly hurtful things. >> reporter: chu and other community leaders organized a rally, calling on better oversight in the tourism industry and cultural sensitivity training. tour company ceo christian watts released a statement. he apologizes saying comments made by this former employee on her last day of employment are absolutely not a representation of how much we love and support chinatown. >> apologies aren't enough. >> reporter: sue lee with the chinese historical suit wants to know why the driver did not stop the woman. she would like to meet with company officials. >> i'd like some engagements. let's talk about this. you know, let's see how we can make it better. let's see how we can engage these people who do come to visit san francisco. >> reporter: lee's disappointed chinatown is getting negative attention. visitors i talked to are not fazed. >> i think it's really stupid, but people have really bad days and they pass their stupidity on to

let's go up to dominic chu. >> those are certainly ones to watch in a volatile trade, another one to watch that is bigger, is alnylam pharmaceuticals after test results in a clinical trial for a disease that affects the nervous system. the disease affects about 50,000 people or more worldwide. those shares up 21%. tyler? >> thank you very much. let's look at crude oil, shall we? brent sitting near four-year lows. prices down about 17% in the past six months. global policymakers focus on inflation. should it be deflation that they ought to be more worried? definition of deflation, a drop in prices caused by reduced money supply, causes unemployment, can lead to a depression, deflation. steve liesman here. you had a rare interview over the weekend with the governor of the bank of england and this topic came up. >> he is concerned about disinflation, a slowing in the rate of inflation. the real worry -- >> a tumble zone. >> is if it goes into deflation. let me show you what's happening around the world. europe is ground zero. right now they're perilously b. the zero line. that's year ov

dominic chu with a look of three sectors that have seen the biggest rebound and the three biggest stock gainers within the sectors. >> we are in the market that is showing a bit of a down draft today. it didn't change the fact that investors did buy some of the corrected stock market move including noted hedgefund manager david einhorn. >> we have been feeling fortunate because it was very hard a few months ago to find opportunities. in the last couple of weeks we have been able to pick up a bunch of things we are pretty excited about. >> we talked about the risk taking tolerance, this idea that a lot of money managers may think that risk should be taken a little bit in the market. take a look at these sectors overall. if you look at the s&p industrial sector this is up about 5%. the third best performance sector since the market bottoms that we saw on october 15. within industrials one stock stands out. take a look at this one here. overall shares of this company, united rentals, one of the biggest rental companies are up 15% during that time. investors who had this on their shopping l

guys. >> dominic chu, thank you very much. jeff sonnenfeld, thanks to you as well. >> dom put it in perfect perspective, ty, the major averages are indeed moving lower. we were down 327 points. the dow seeing its third straight move, the s&p dropping more than 1.5%, the russell is down better than 2%. it's a messy day, the volume is picking up swell the momentum. fred algiers, c. >>> there's more advice coming your way as well with the dow down 253 points. your goals, our technology. introducing synchrony financial, bringing new meaning to the word partnership. banking. loyalty. analytics. synchrony financial. enagage with us. today could be the day. the day we give you hope. relief. a cure. today, we believe every life deserves world-class care. as one of the top four hospitals in the nation, over 100,000 people from around the world come to cleveland clinic for care each year. and we're ready for you with a second opinion or a same-day appointment today today today and everyday. call today, for an appointment today. >>> what

over to dominic chu for a quick market flash. dom? a new development in the dollar store's battle here. family dollar shares up 1% right now after activist hedge fund issued an open letter to the board of family dollar saying that they have a combined beneficial interest of about 4.9% of the shares. they are writing to inform the board that they've nominated their own slate of directors. they took this action in order to protect interests as one of family dollar's largest shareholders and to ensure that the board does everything within the power for dollar general with an even playing field and continuing efforts to acquire the company at price levels clearly superior says the letter to the consideration for dollar tree right now. that, remember, family dollar and dollar tree if a combined merger agreement and the reservations about the process led to the signing of the merger agreement and say today they would like to be clear nominating a slate of directors was not the preferred path. they have today or tomorrow to put the slate of

. >> i'm storm team 4 met chu bell on the frt lawn of channel 4 where ther sune getting thro 57 degrees here in not washingt. the clouds are coming back. how l will we have to deal withn drops? withn drops? l ts coming up? he's been called a super lobbyist, the ultimate washington insider. ed gillespie paid millions to lobby for the oil companies for a student loan company that overcharged taxpayers. his firm even lobbied for five foreign governments including a dictator now awaiting trial for war crimes. and then there's enron. gillespie lobbied for them while they committed the largest corporate fraud in us history. ed gillespie. the million dollar lobbyist whose never looked out for you. >>> now to a developing story. nigeria is now free of ebol days have passed since the la case in nigeria. that twice the maximum in period. callg the country's contt of the lethal die a spectacul success r now, the montgomery co council is speaking out abt ebo th comes as just one patient, the dallas nurse being treated for the virus at nih in beth. conferenc in bethesda. that >> r nina pham, nurse n

dom chu to run down a couple of stocks. >> not a personal injury attorney.ave something to show you for the markets. if you look at the stocks that have done the best sector wise health care, consumer staples and utilities have been star outperformers since the market peaked on the 19th of september. utilities positive. some of the individual stock standouts we look for the ones in the s&p 500 that did well positive during that time. look at mylan labs. one of the stocks have gone up in the timeframe. we have monster energy, monster beverage up 6%. people still like the consumer staples play on beverages. we have nike shares and global consumer up 7% since the market peaked. certainly weathering the storm and doing better than the overall picture. one of the best performing stocks is clorox. if you like bleach you like other consumer products that stock is up 8%. there are stocks that are having good news and nice moves to the upside. >> i like bleach, as well. let's see what is coming up on street signs. >> very strange day in the markets. there is actually

back over to you. >> thanks so much, dom chu. interesting. it's decline in july, sandisk was really setting up for a nice trade. people believe there is so much more demand for memory. >> that actually concerns me. we just talked about apple. this is the type of catalyst b.k. might look at and say i might think about going short apple. if sandisk earnings were great because apple phones were great and then now they're guiding lower, it stands to reason that apple might have some problems. >> coming up next, what does goldman saks ceo lloyd blankfein have to say about the market volatility? we'll find out after this. plus, are the charts pointing to nur leg lower or are the sells coming to an end? that's next. [ bell rings ] hi michael! looking good! trying to keep up with you! i told my producer karen that i take metamucil because it helps me feel fuller between meals. it's just one small change that can help lead to good things. now she's breaking up with the vending machine. nope. i call that the meta effect. [ female announcer ] 4-in-1 mul

. >>> to dominic chu. >> you'll notice i'm wearing my orange and black today. so je, go giants and congratulations. watching shares of "the new york times," after reporting weaker than expected sales and projecting a further decline in advertising sales in this current quarter. now, the stock you can see there currently down by 6.5%. for the year, "the new york times'" shares are down by 20%. so sue, a rough day for the "nyt." back to you. >>> we told you, dom, about the dow jones industrial average up 150 points. not quite the same story for the s&p and nasdaq. they're struggling a little more. bob pisani is here on the floor. visa's responsible for the move in the dow. >> this is one of those days when the dow's not representing what's going on in the market. >> absolutely. >> 0.9% for the dow, up 0.3% for the s&p. good for visa. great numbers for visa. the problem is 130 of the 150-point rally in the dow is due to visa. 19 points. do the math there. that's almost 130 points. what else is moving things? look under the hood. advanced decline line is just barel

we begin with dominic chu and a quick market flash. >> watch visa shares.urs and news that the company's increasing the quarterly dividend 20% to 48 cents a share. again, no after hours movement just yet and certainly one to watch. earnings front, yelp like we have been saying, posting better than expected third quarter results and the number of users was a bit lighter than expectations and yelp shares down by 13% in the after hours and then on the mattress side of things, select comfort with better than expected third quarter results and perhaps a good night sleep tonight. up 14%. tractor supply company posting better than expected third quarter results. trading up by about 10%. a number of different movers in the after hours all on either earnings or dividend news here. back over to you. >> all right. thank you. >>> now joined by billrris. welcome, first of all. a lot going on this afternoon. can we begin just with the general market reaction with the dow off 150 today? all the volatility, events in canada. when's going on out there? how concerned are you

we'll send it out to dominic chu here. >> hi.re watching shares of trinity industries, found guilty of making false claims to the government regarding safety in their et-plus guardrail terminal lining the highways of all 50 states in this country and 60 countries around the world, as well. trinity must pay $175 million judgment. those shares down by about 8.5% on the day's trade. back over to you. >> guys, thanks so much. >>> 20 minutes to go before the bell on this monday. the dow is still hanging around that flat line. it's a slight loss right now. again, major averages have seen four consecutive weeks of losses. trying to break that streak starting on day one of this week. >> the vix down about 3 points and that's in the positive category. >>> up next, the ceo of tinder joins us. we'll talk how he plans to expand the service and old versus new technology and if things are moving so fast, everything is old faster than we ever imagined. ♪ music ...the getaway vehicle! for all the confidence you need. td ameritrade. you got this.

dominic chu, how close are the major indexes to correction territory now?ing you up to speed on the numbers you will want to watch. given the marginal losses we have seen for the dow and the marginal gapes for the s and p, we are a little bit further away from that correction than we thought we were going to be earlier in the session. look at some of the large numbers. gonna start with the dow jones industrial average. you look over here, we closed today about 16,117. in order to get to correction territory, 10% drop, have to get down to 15,615. that's the number you will want to watch there. on the s and p, closing at 1863. 1817 is the 10% drop from its record high. so, that's another level to watch for thesome and p. and the nasdaq, 4217 where we closed, well before the 4149, a 10% correction. put this all in perspective as to how far are we away from those levels at current levels. take a look at the russell 2000 index, up a percent today, over a percent, means overall, still call it not in correction territory any more. 9i 9i 9ish%. nasdaq, no longer in

dom chu, what is going on?oup is revising what it reported in terms of third quarter earnings. it now says it was 88 cents a share, previously reported at 1.07. also, they are saying this third quarter net income is now $2.8 billion. it was previously reported as 3.4 billion. those third quarter results were hurt by a $600 million increase in legal accruals says citigroup. also, some headlines coming with regard to their capital ratios, saying that third quarter tier one capital ratios now 10.66% from a previously reported 10.74%. so, again, earnings are now being taken down. they have revised their previously stated earnings to 88 cents a share from 1.07, net income to 2.8 billion dollars from the previously stated 3.4 billion and reason they are giving is they were hurt by $600 million worth of an increase in legal accruals. so again, those are the headlines crossing for sitny now. shares reacting to the downside by 175% in the trade so far, kelly. back over to you. >> dom, thank you very much. this is a big