. > >my colleague chuck coppola will be along in just a minute to talk about the volker rules. what do you see in the market? > >the funny thing with yesterday is that nobody's had a chance to dig through the whole document and really no one even knows what the implications are. however, financial stocks after getting hit pretty hard early actually responded quite well in the afternoon. > >larry, thank you. > >you're welcome. angie, with four banking regulators now approving the volcker rule, bank c-e-os will have to attest in writing each year that their bank is in compliance and not taking part in risky bets that triggered the 2008 financial crisis. those agencies include: the f-d-i-c, the federal reserve, the s-e-c and c-f-t-c. they'll now seek more transparency in bank activities and put up more hurdles for banks that buy and sell securities. "volcker rule says banks can't 'play' with their own money. they can't gamble, they can't invest in hedge funds or private equity companies of speculative trading unless a customer requests it." financial analysts say a key part of enf

chuck coppola as the latest from the uaw the united autoworkers is considering its first union dues hike in more than 40 years. sources tell rueters-- a full time autoworker would see monthly dues climb to $70.32 per month, up from the current $56.25 per month. the uaw is the country's richest union with $1.2 billion in assets but has seen its membership drop by 30% since 20- 05. by increasing dues-- sources say the union could cover costs of dwindling membership and rising expenses. union worker's time on assembly lines is paying off for car companies.car and truck sales were brisk in november.especially at the end of the month. auto sales jumped 3.6% industrywide according to kelley blue book. chrysler was the biggest winner with a 16% pop, follwed by g-m with 13.7%. ford gained by 7% and toyota 10%. strong demand coupled with new offerings from automakers are cited as reasons for robust sales. tesla shareholders are feeling a wave of relief. tesla stock jumped 16 and a half percent on word that german officials will not pursue further measures after its review of tesla's troubled mode

chuck coppola - picks up the story with more on wage equality.. fast-food workers and others who want their minimum wage jobs to pay more are planning a nationwide strike today. it coincides with our cover story's look at the push to help more americans find jobs that pay enough to support a family. the year-long push for higher wages is gaining support---from san francisco which raised its minimum to 10-55 an hour. to the d.c. council, which is about to send an 11-50 minimum wage bill to washington d.c.'s mayor. wednesday, president obama called income inequality "the defining challenge of our time." "we've got to move beyond the false notion that this is an issue exclusively of minority concern. and we have to reject a politics that suggests any effort to address it in a meaningful way somehow pits the interest of a deserving middle class against those of an underserving poor in search of handouts." while the president spoke, u.s. labor secretary thomas perez toured chicago-based recruiting firm, seaton corporation, echoing the president's suppo

chuck coppola steps in with more market related news. regulators are relaxing rules on i-p-o deals for start up companies.this week the s-e-c voted to expand limits on public offerings for small companies.under a proposal, companies would be able to raise up to 50 million dollars, up from the current limit of five-million. it also limits hefty ipo registration fees. the new rules are part of the 20-12 jobs act, which aims to promote growth for start ups. a federal judge in manhattan ruled investors have the right to sue facebook, its ceo mark zuckerberg and dozens of banks involved in the ipo. the judge says facebook "concealed material information from its ipo registration statement. the social network's stock ipo-ed in may of 12 on the nasdaq.the judge ruled the nasdaq too can be sued even thought the exchange already offered $62 million to investors for the botched launch of the stock. amc dazzles in its wall street premiere. shares of the movie theater company opened for trade after pricing in at 18 dollars.wednesday the stock shot u

here's chuck coppola with more from capitol hill as lawmakers from a two week break. hello chuck. angie, among the absurdities if an updated farm bill isn't passed in congress is that dairy policies would revert back to those from the 19-40s and could lead to higher milk prices for consumers.our cover story takes a look at the crying over milk about to be spilled. take a good look. not one of these containers of milk are anywhere near the price they may be if congress fails to agree on a new farm bill. "there's hardly an aspect of life that isn't touched by the farm bill." without a compromise, the farm bill which helps farmers with price supports and provides food stamps to one in seven americans, reverts to so-called permanent farm laws, which would raise the milk price to the government---encouraging producers to sell less for the commercial supply. the result would raise prices to consumers. some say to as much as seven-dollars a gallon. but many doubt congress will let that happen. "this looks like the best chance for a farm bill in years." the biggest differences involve cut

chuck coppola steps in now with an update on detroit's bankruptcy.and pension problem.angie -- detroit's city workers fearing cuts to their pensions have the opportunity to appeal the motor city's massive bankruptcy. a judge says union groups that want to appeal the bankrutpcy ruling for the cash strapped city can file immediately. the judge will then decide whether to fast track the case. the people of detroit also await more details regarding the city's art collection. an auction house is currently reviewing the value of 28 hundred pieces and is expected to release a figure this week. the emergency city manager wants to sell the works to pay creditors and fund public pensions. worker productivity in the u-s is at its highest level in four years. productivity increased at an annual rate of 3% during the third quarter acccording to newly released data from the labor department. the numbers are indicative of stronger economic growth. and because labor costs fell in the third quarter, inflation will likely remain low. the numbers from the labor department were revised up

it's monday december 2nd.i'm chuck coppola, angela miles has the day off. in today's first look: members of the house and senate return tomorrow but just for four days. then, they're off for the holiday recess. funding for the federal government is set to expire *again january 15th. they're coming...cyberscams. and smartphones are the least secure purchasing platform....more vulnerable than desktop computers or tablets-- according to i-d verification firm signifyd. speaking of tech, qualcomm is launching the newest smartwatch on the market. it costs 350- dollars and joins samsung, sony and pebble making waves. and its a busy day in the air. triple a says today is one of the busiest days for air travel this holiday season. air travel is up over 1% from last year. after a long holiday weekend, we are back and so is todd horwitz of averagejoeoptions.com to get the day started for us. todd how are you? > >good morning chuck. how are you doing? > >very well. todd, what are your expectations for trading this week? > >i think this week is going to be fairly quiet.

it's thursday, december 26th, im chuck coppola. angela miles has the day off. in today's first look: brokers may soon be under surveillance. the reason---to prevent overcharging their customers. regulators levied 69-million dollars in fines, in the last year. now, the financial industry regulatory authority wants your opinion on this proposal. speaking of being taken, scammers are targeting older americans. victims 60 and older now account for more than a quarter of people filing complaints. more than double what it was five years ago. hit the brakes. better still, hit the kill switch. regulators are weighing whether to offer firms on the new york stock exchange a kill switch to cut off trading in the event of high-speed trading errors. farmers may switch from corn to soy. this year's bumper crop of corn has contributed to the lowest price in three years. let's get our day started with lincoln ellis of green square capital. lincoln... what do you anticipate for the remainder of this holiday trading week? > >well the worst of this week is going to be relatively

chuck coppola tells us what's brewing in dc... angie --the compromise budget is in the senate's hands...the house voted last night to --- the agreement reached between gop house budget chairman paul ryan and democrat patty murray-- extends government spending into 2015 and takes the threat of government shut down off the table. "it's not everything that we wanted but it advances conservative policy and moves us in the right direction." that was speaker of the house john boehner. the bi-partisan bill has the support of president obama. the senate is expected to vote next week. the budget deal does not include extending unemployment benefits. changes are ahead the fed. the senate is expected to vote next week on janet yellen-- president obama's choice to serve as head of the federal reserve. reports say its highly believed she will win senate confirmation.-- it would make her the first female to lead the u.s. central bank. current chair ben bernanke ends his term january 31st. one supermarket chain is on the upswing while a longtime

it's friday, december 27th.i'm chuck coppola. angela miles is off, today.in today's first look:stocks soar on wall street.the dow and s&p hit new highs, pushed higher by postive jobs data and gains in the retail sector. the dow gained 122 points, breaking a new record high. the nasdaq gained 12 and the s&p also pushed its way up to a record at 18-42. gold gained 8 dollars, oil up 40 cents. a sinking feeling among investors of the empire state building...they've filed a lawsuit accusing a real estate team of ignoring cash offers worth billions to enrich themselves in an i-p-o, instead. president obama signs a bipartisan budget deal while vacationing in hawaii. it eases military cuts under the sequester, but pares down pension increases. it also combats sexual assault among troops. and gasbuddy-dot-com predicts gas prices will be temperate in 20-14 but may spike to just below four-dollars a gallon by spring let's get our day started with ben lichtenstein of traders audio good morning ben! >>good morning. >>new record highs in the m