let's take a look at the cme, charlie needles, the cme. charlie, what a day? is it all on the back of the ism numbers? >> it is. you know, chi pmi came out overnight, and that showed things have stabilized there, in china. european pmi was in line, not lighting the world on fire. a little concern over the employment situation there. but if you look at the breakdown of the u.s. pmi, you kind of hit on all cylinders. the prices paid was actually a little higher, but if you're trying to reflate the market, that's a decent measure. it had been 54 last month, 58 this month. the employment sector picked up, new order sector picked up, but we did see an uptick in the employment sector. i think you hit it on the head, ashley, that's what the market's taking focus on today. aaron ash all right, let's go to ben willis at in ncse -- nyse. does this point to a much better recovery than we thought perhaps? because i think there's still a lot of mixed data out of there. >> oh, i think we're a little ahead of the game if we're looking for the recovery, but as we just heard,

the rbob is the biggest gainer on the cme and is in fact one of the products that is trading on the cmeob gasoline prices fraction of a percent. 2/3 of refineries along the east coast have been shut down or at least reduced production. meanwhile oil prices are going south. why? refineries shut down they don't need as much oil. oil down to $84.6. that is the lowest prices in oil since july. while most other markets are closed there is a still a lot trading on the cme right now. that is including gold, silver, copper. a lot of metals still trading. we have trading the agricultural markets. we're standing in the ag room at the cme where things like coin, soybeans, wheat, also lean hogs, live cattle, all those agricultural products still trading down here, guys. the meat pits close 1:00 p.m. central time, 2:00 p.m. eastern. grain markets, close at 2:00 p.m. central, 3:00 p.m. eastern time. refinerier closures will take notice when stock trading begins. folks will watch stocks like phillip, new star, these are just some of the names of the companies that have shut down refinery production al

we have jeff flock at the cme group in chicago. but first nicole? nicole: i want to delve into this procter & gamble number and this is really leading the dow jones industrials and just trying to keep the dow afloat, liz, keeping that in the green, so when you look at procter & gamble, we will talk about what we saw for the quarter, where profit rose, revenue was higher, but slightly missed the analyst estimates. they've been cutting costs. of course you know the activist shareholder has been putting pressure on the company to cut costs. we see the stock here today at levels we have not seen since 08. four years high here for procter & gamble. of course such a big household name. liz, i don't know about you, but i have had every one of these names in my house, including cascade, bounty, charmin, crest, pampers, we have outgrown those and cover girl make up, all of these things have been in my house. back to you. liz: yeah and then the tide little pods? nicole: right. liz: brilliant, using those now, thank you. and i'm not good at this type of stuff.

joining me now in an exclusive interis the cme chairman. we appreciate you spending the time with us today. >> thanks, maria. our thoughts and prayers are with you and everyone in new york. >> thank you so much. tell us what worked last night. what with did go operational? what kind of trading are you expecti ining tonight? >> you know, everything pretty much worked. we have with invested tremendously in our back-up facilities. we were up and running with no problems whatsoever. we didn't see a tremendous amount of movement in the market, which i think is actually a good thing for what's gone on in the world right now. so we saw the s&p go from roughly 1407 to as low as 1399 and come back up as high as 1411 when we closed up this morning. we are seeing some activity. the volume i would say is just a little bit off of what it would normally be. >> so as the savvy trader you have been in the past, what would you expect once trading resumes tomorrow? do you think there's pent-up demand on the sell side that people will want to get out of posit

we're going to head over to the cme. smith has been doing some great reporting out there on the few things that are trading today. we're going to look at some angles there at the cme. we will be right back. >> i'm lauren simonetti with your fox business brief. wall street will be back in business tomorrow. the new york stock exchange tells charlie gasparino it expects a normal opening after hurricane sandy forced the markets to close today and yesterday. the nyse has been testing its systems as a precautionary measure. home prices rose in august according to the latest case shiller report. prices for the 20 city index were up .9% from july on a nonseasonally adjusted basis. right in line with what economists were looking for. the german drugmaker is bayer is buying u.s. vitamin manufacturer for 1.2 billion dollars. it is offering $34 a share, 47% premium over friday's close. the drugmaker says the move is an excellent strategic fit for bayer's healthcare business. that's the latest from the fox business network giving yo

cheryl: sandra smith out at the pits of the cme. a time to look at stocks fell as we do every 15 minutes. nicole: do you think it was a good idea that they closed monday and tuesday? >> absolutely. you have to look at safety first. it was the right decision based on what happened. i am glad that the sec and the broad across-the-board closing of all markets. if you pull one component, these marketmakers make the titus, thickest markets. nicole: there have been some complaints that there were no real contingency plans. >> absolutely. let's just look at the facts, this was the biggest storm that the city has seen in 125 years. you can plan for whatever you want. you will find problems anywhere you go. nicole: how are you feeling about today? >> i feel good about today. i think investors and traders and clients are very happy with the progress we have seen. no reaction to the market which is what we were expecting. full steam ahead coming into next week. nicole: and the election as well. back to you guys. ashley: nicole, thank you so mu

of the trading floor of the cme group which is the nynex in new york and asked him his thoughts on whether it was necessary for these markets to close. >> it was necessary because of a catastrophic event we saw in new york. this is not something we see every day. you cannot put human life ahead of the markets, that is what is not important here. people did not have access to the marketplace to trade even electronically. you contrast automated but you need people to man those systems and that is important also. sandra: i will hand it back to you. we will look at the top movers at the end of the next hour. connell: sandra smith in chicago. dagen: president obama is about ready to 4 storm ravaged new jersey. connell: we turn it over to cheryl casone and dennis neil coming up. at atlantic city. such a mess. president obama in new jersey along with chris christie. top of the hour governor andrew cuomo, you will see it on fox business.

we can now go to chris at the cme. obviously, when you look at it in aggregate, we have had some really good numbers over the past year on how the dow jones, nasdaq and s&p are doing. what are you seeing in the pits today that sort of rings this market down? >> i disagreed with your earlier guests. what you are seeing on low volume we are opening higher every single day. that is that sugar buzz you'd in the morning, that money devalues all of a sudden we have a weaker dollar today. when it does, you know, try to test those morning highs, it fails. a series of lower highs and lower lows to everyone watching into a trader that means there are bad things about to happen. creeping down to the 1435 level on the s&p, if we break through that, all of us that if we are range found again. one bad indication out of europe , we are in for a big storm. liz: it is not today. gold is down. we also have a weaker dollarr against the dollar index .the index, by the way, is a basket of about six competitors. including the euro. it both

we have traitors at the new york stock exchange, cme group and the nymex. give me something to be excited about. >> we are up 80 points, we made some bounce around 1400 on the s&p looks like support level. most people are covering some shorts and taking a shot at low-priced stocks. since we started hammering the stocks on friday and they things have gotten pretty cheap and for a while looked like they would go to higher levels for the rest of the quarter thanks to the fed but suddenly a boring fourth-quarter seemed a little more exciting. liz: i thought everybody in this economy, why aren't we seeing any kind of real bounds although we are 60 points off of the lows of the session. the dow and s&p on the lowest levels for seven weeks. where are the bargain hunters? >> the bargain hunters are staying at home and they should be staying at home. october 9 the imf quietly revamped the gdp and downgraded this year and next year. we don't have good earnings. even after we have lowered the bar so low, easily get over it and we are not. liz: are you saying things wi

going to the cme with our own sandra smith. what's moving here? >> a lot.ice if you look back into the deep corner, that was empty most of the week, but it's filled again. that's the s&p 500 futures here in chicago, the largest one. interest rate futures back in trading. early closers. biggest movers are energy, metals, and grains are moving. gasoline up 2.7%. wheat prices also up a couple percent. silver up 1.77%. corn up as well, and crude oil a bounce. the reason why energy prices are up because they are aseesing the damages done to the refineries on the east coast as a result of the storm. the terminals in the new york harbor still shut down. there is a supply concern, and that is pushing up both crude oil prices as well as above gasoline prices. something consumers could see play out at the pump if this goes on longer. back to you guys. cheryl: sandra, thank you very much. we'll see you soon. how to make money on the markets today, finally, i want to bring in david, point view wealth management president and robert luna, shore vest capital management c

cme will be shutting down trading after that time. so depending on the impact of the storm, it's possible the same scenario will be repeated this morning. three companies have canceled earnings reports. pfizer, nrg and entergy. the government still planning to release personal income and spending data at 8:30. >> the question is did they decide to shut down the electronic portion because the s sec and others said we don't know whether the system unto itself will work, or -- >> they did taest it back in march. >> and they were undetermine pressure in banks and companies saying we don't want to send people to work. it's one thing to say we won't go it to the floor, but if you keep the can exchange oem, peop still have to interact with it. so the real question there. >> lower manhattan is probably not a place you want to hang out. >> goldman sachs which is right down there put out a memo saying you tonig don't have to come to work, but trading is open, so please come if you can. which goes to the issue they are right in the heart of what

let's get to gary at the cme. this is fascinating. 0 week ago you were looking at intel struggling and ibm's struggling and both of the two big names moving higher in the dow jones industrial and ibm accounting for a significant move in the dow jones industrials. >> we're getting reports every day, highs and lows, and we had earlier, one of the previous guests said the gdp number came out, what was anticipated and great consumer sentiment, the highest in five years. we saw the markets take off. report came from some of these corporations, we see a lot of those pulling down but you saw markets pull off and we have seen a bounce, but one of the other guests said we're looking at extremely light volume in the markets with the election coming up and the fiscal cliff coming up. no one is talking about that right now but these are things in the back of traders' minds holding back, it is not taking a lot of volume to make these markets really volatile. >> we have talked so much about the fiscal cliff. definitely vote for

let's get today's action from the pits of the cme. paul desmond will tell us why you need to watch small caps carefully. michael gives his talk for year's end. let's start with a lot and the jobs numbers. i am curious. the cme traders are very skeptical people by nature. they have to be because there are so many people selling stuff. do they believe the numbers when they came out? >> that was the most interesting thing. most of the traders were expecting that number of unemployment data to the 8.1% and job data below the 110,000 and when it came out the initial reaction was cover your shorts right away. this is an amazing incredible number. we saw the market pushed higher as it progressed traders were more skeptical and we saw a late day sell-off. dave: the federal reserve may pull out of q e surreal little early. that might scare a lot of people in the market. >> absolutely. that is why you saw the gold market back off and silver as well. surprising we didn't see much of a boost in the dollar index and riskier currency is come off. t

>> wall street may be closed today but the cme was open for business in chicago.e'll take you there live for a trading recap coming up. >>> also ahead, the impact the storm will have on the financial sector. former wells fargo ceo is with us. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. hurricane sandy gaining strength. maybe three hours away from making landfall along theiercy shore. we're still following the story in midtown manhattan as new york city officials scramble to evacuate the area below and around this luxury high-rise apartment building still under construction on west 57th street there. that crane on the left side dangling precariously and has for a little over an hour. the result of the heavy winds plaguing new york city at this hour. maria? >> th

let's go to sandra at the cme to talk about oil. you are talking to gerald levy in the previous hour. interesting how far oil can go. analysts are saying the price where we are right now. >> some predict we could see it fall farther from here. there are all sorts of things that could coming to play. the election or the global economy we are seeing weakness in europe and china way in on energy prices and the fact that we're seeing productions at 15-year-old highs bringing down these prices and if you look at the commodity laggers today. and after hours trading, below $80 a barrel and natural gas prices cool down as well. that is the first sell-off in natural gas in ten days. a lot of optimism as it was coming of a decade lows. and gasoline down as well as heating oil taking a hit. warburg than normal temperatures in the midwest weighing on natural gas as well. only one commodity in the green and that was gold. was down yesterday. this is surely a sign that investors ought looking for a hedge against inflation or what could be a spike

let me get to dan at the cme. the trade you have seen do not reflect any positivity we got from some of the earnings reports but there were great numbers and yet what do we get? facebook looks good but people are seizing on what happened with dupont and dow chemical but dow chemical looking higher today. >> earnings are a funny thing to see. everyone was expecting them to be for. it is the same we saw in all passed on the earnings from. 60% are missing but the revenues are not as good and the guidance is really what is scaring people but the market seems to be blowing it off. i agree with the first guest as far as the market goes, the pullback is healthy. a little more would be nice if you can get the s&p the s&p index down to $13.97 it is a great time to get into it. economy looking up and numbers coming out shortly will tell us gdp and durable goods couple days from now so let's watch those numbers. liz: we are losing whatever lead we had. if you look at the dow jones industrials thanks for joining us. we are do

we are talking to the traders at the new york stock exchange, cme and the imax. you pick it apart from the sectors and from all that is happening. what is the most important aspect of today's move? >> if you look at hr for the day, we opened high and we stayed high. what we have seen over the last couple sessions is the market seems like it wants to rally in and it loses steam toward the end of the day. if we continue to maintain these levels and we are trading at the highs right now, it will show a significant move in real momentum into the market that we are showing today. liz: tell me about the volume. this is always an important question. is there a conviction behind the rally today? >> i would not say there is conviction volume in the rally today. it is the right type of clients that are getting into the market now and are continuing to build positions they have already. liz: ira, at the cme, i am less interested in a $13 move in gold than a smaller and oil. we are starting to see some real bullish activity. why the change? >> syria going after turkeys borde

in chicago, the chicago board options exchange and parts of cme group were closed. "the markets are in disarray. there isn't a lot of participation on days like this." among those sidelined traders-- luke rahbari who hunkered down with his family in connecticut. "a lot of the stores were sold out of batteries, generators, chain saws. flashlights were definitely gone." public transit and schools in new york and other cities are shut down. while utility crews not in harm's way headed to communities in sandy's path. "we have commitments of about 4,000 utility workers to come to this state at this time." damage from the storm is estimated to be between 10-to-20-billion dollars. more than irene's 15.8 billion, last year. but far below katrina's 108-billion dollars and 18-hundred deaths and missing in 2005. unless there is damage to infrastructure, economists say ports and rail yards will make up for lost business quickly. some stock trades, perhaps not--because a light week was expected pending the outcome of the presidential race, a week from now. among insurers, allsta

cme group plans to start paying back former clients of peregrine financial next month. about 200 farmers and ranchers will receive $2 million. it's the first payout from the cme's fund that was set up after mf global collapsed in october 2012. so far, peregrine's bankruptcy trustee has released about $123 million from its estate back to former customers, or about 30 to 40 percent of what customers were supposed to have in their accounts. founder and ceo russell wasendorf, sr., pled guilty to stealing more than $100 million from clients. more clues about what was happening behind the scenes of facebook's ipo are emerging. the state of massachusettes fined citigroup $2 million, allegedly because a citi analyst broke rules by sending confidential information about the social media company to a tech news site weeks before the ipo. the analyst was fired in september. citi was an underwiter of the stock and has agreed to pay the fine. other firms have also been subpeonaed. facebook shares debuted in may at $38 and closed friday at $21.94. a quick check on corporate earnings n

it wasn't all due to regulatory changes, according to cme chair terry duffy. he admitted regulatory issues had a role in the profit slowdown.... but the slowing economy and flat interest rates dealt most of the blows to the bottom line. pro- gay marriage supporters protested outside restaurants after chick fil president dan caathy said he supported the biblical defintion of the family unit. it's being reported the number of people visiting the chicken shops increased 2.2% in the past month. a slew of major airlines are reporting third-quarter earnings. and results are mixed .... fewer flyers contributed to revenue declines at united and american. united said contract negotiations with its pilots set the airline back financially. american also addressed pilot contract issues, but said september's flight cancellations due to pilots calling in sick -- did not affect the companies 'bottom line.' the airline plans to hire 25- hundred pilots within the next five years. delta's profits doubled from last year---a result of more passengers. while us airways posted a "r

the cme in chicago going for bust.s trading slightly lower around $86 per barrel, the big story gasoline prices down $3.54 per gallon at the national average down $0.24 in the last month. this storm, is it hurting mitt romney's momentum? we will discuss it. it's the little things in life that make me smile. spending the day with my niece. i don't use super poligrip for hold because my dentures fit well. before those little pieces would get in between my dentures and my gum and it was uncomfortable. even well-fitting dentures let in food particles. super poligrip is zinc free. with just a few dabs, it's clinically proven to seal out more food particles so you're more comfortable and confident while you eat. so it's not about keeping my dentures in, it's about keeping the food particles out. [ charlie ] try zinc free super poligrip. charles: we are eight days for the presidential election and the momentum appears to have stalled for governor romney. in an economy from west palm beach florida, atomic research group. greg,

david ruder with us from the cme group, former chairman of the securities and exchange commission. >> tom: lincoln ellis is the chief investment officer with the strategic financial group.ee with us from chicago. do you think a cautious day of trading or a wild day of volatility? >> well, probably a bit of both. as you know, it's the month's end, and you have a fair amount ofb portfolio rebalancing that will happen tomorrow. that combineed with two day's worth of pent up trading pressure. it will make for inresting g ades. as d vid eluded to, it the be interesting across particular sectors as the day goes on. >> tom: speaking of which, what will you have your eye on i in terms of stock sectors? >> what we really are interested in and have been looking at are the potential overvaluations of a lot of the defensive sectors in the s&p 500 as you made note over in the past. we see a lot of the typically defensive sectors now trading at multiples two or three times abovehe larger broader markets, and actually that's worrying. >> tom: couldn't the kind of situation we're seeing on the easter

jeff flock is on the farm with one of our favorite cme traders.s you can see. his dad farmed this and we are talking about a record harvest but it is a record only in speed, not in size. >> it is a record harvest in speed because we haven't got any rain and the reason is we haven't got that in the rain. you can tell by the dust we don't have any rain and that problem is not going away. >> you can see that jump tremendously when we saw the drought. it hasn't come down significantly. we will get another drought next year and these prices could go higher. >> if we don't get significant precipitation by november it will be just as does the when the snow melts by springtime. jeff: some think traders don't know anything about what they are trading. who puts pay to that, i tell you scott has been on the farm for 40 years. feeding cattle and cleaning up after them. he knows what he is talking about. dave: he is bigger than anyone thought he was. seeing a big guy next to scott, doing well on the farm. thank you very much. tomorrow we get those all-importan

connell: sandra smith from the cme in chicago.e president's healthcare now ready to penalize hospitals for letting patients out too early. connell: we will get to that but first on the market rally day. let's get to some winners over at the nasdaq. connell: back on markets now to talk a little healthcare. first a few quick sports headlines for you. the eagles last night, put the victory up on sunday night football, michael vick touchdown to jackson gave the eagles lead at end of first half. little help in half number two from eli manning, intercepted in the end zone. but in the end the giants still had a chance to win. their kicker had what would have been a career high field goal 54 yards. he didn't make it. so the eagles won. now golf you know that europe had the big comeback to beat the u.s. in the ryder cup but a funny story involving rory mcilroy playing there at the ryder cup. he somehow didn't figure out or remember he was on central time, not eastern. he almost missed his tee off. got a phone call 25 minutes before he was

let's go back to scott at the cme group. scott, how are we looking into tomorrow?, you know what? we saw a flurry of buying activity over the last couple minutes or so, so, you know, i think either people that had paired their positions down from earlier in the day were either covering or maybe even getting a little bit long going into overnight and tomorrow, but the last couple minutes, a lot of buying there. lauren: scott, quickly, it's past 17 mondays, the dow has been higher, and gist two of them, and then today. not bad. >> yeah, not at all. keep the streak going. david: we'll see 23 gold pops like you said. thanks, scott. sharings of manufacturerring soaring today. nicole? >> all right, dave. i wanted to show you 3m because they are basically saying thank you, 3m because it's 3m, the dow component, up 1% today that agreed to buy them for $860 million. now, the offer of $35 a share actually represents a 43% premium. look at how they did today. right hitting the nail on the head, 43% to the upside. this is a deal in the industry and it's about the technicalitie

let's start with wary at the cme. a couple down days. looks like a clear direction and today no clear direction at all. what is going on? >> million reasons the market went down monday through wednesday and today there are a variety and no one seems to know and in reality, a lot of background noise right now. 1430, 1470, up until we see a major catalyst, keep in mind we will stay in this range. something to change the narrative of the market. liz: we know the market is a living breathing thing. crossing the flat line 22 times in the last hour, what would an investor who figures out they can find direction on any given day do about this? what seems like a sure thing? >> there is no sure thing. what i would keep in mind is i would not underestimate the power of the federal reserve. keep in mind that 14 times p e earnings at 7% nominal yield in the equity market is very competitive compared to cash and u.s. treasurys so the coast is clear, investing never makes sense. preparing for armageddon never makes sense and close to normal equity val

let's go back to larry at the cme group. larry, what does it look like for tomorrow? >> right now we have so many moving pieces in the market. consider bank of england, fomc, ecb, bank of japan and the romney debate coming up tonight. we have a lot of things going on the market held up quite well given all that. seems like everything is priced in. everything is status quo. we'll see. it could be a big game-changer especially tonight. >> larry shoafer at the cme. thanks, larry. lauren: let's go downtown to choke in with nicole petallides at the new york stock exchange. sherwin-williams hitting record highs once again today. >> that's right. it is a great stock to look at, hit a new record high this year. hear is the post for the trade. it was up almost 3% this year. this has been moving to the upside on the heels of the rise we've seen in existing home sales last month. that has given a boost to some of these housing-related stocks but sherwin-williams has been a great performer. year to date it is up almost 70%. some of the colors are lucky green, and gulf stream blue

traders at the new york stock exchange, cme group and the nymex. i want you to join in on this conversation. we can start at least with john. you tell me, john, to lose an 80 point lead is pretty disappointing. what was at the heart of that? >> you know, if you look at the way the market trades today, and you look at the charts, this market is running out of steam. i think the news that came out about the jobs number, the speculation there, adding uncertainty about what kind of earnings season we're going to have. yes we got alcoa early yesterday, but now we're going to have some banks come out after the close today and some stocks coming out tomorrow. i think the uncertainty is still there at this point right now. we have the vice presidential debate that's coming up tonight. i think if the first presidential debate wasn't such a landslide, nobody would be paying attention to tonight but i think everybody is waiting to see how the democratic party will react to this. with the run up in the market we have seen the last couple of months, any time in

sandra smith is at the cme in chicago. is everything back to normal?a: oh my gosh, charles, where are you? we're up above the stairs here. can you see me yet? larry? larry? all right. what we're doing right now is we just got done talking to terry duffy the executive chairman of the the exchange and he's saying the exchange so far has had a smooth open. s&p 500 futures, dow, nasdaq futures have all opened for the first time in three trading sessions. all opened up to the upside. as far as what traders had been seeing, they were expecting big sell orders on the open. that was sort of the whisper ahead of the open this morning. we didn't exactly get that. in fact, we got a lot of buy orders. traders are still talking about light volume as things open up. a lot of phone calls still, hard to put into the new york area, etc. but trading is going back to as usual on the trading floor here. terry duffy saying he has full confidence in the decision that was made to shut down the exchanges the past couple of days. that was the exchanges working together. he bel

let's start, though, with todd at the cme. todd, i was discouraged to see those few minutes at the end there of the trading session going down. doesn't foretell well for what happens tomorrow, does it? >> good afternoon, david. no, it momentum. and the market's a little heavier, but one thing you have to look at, the roll yule was very poor today, waiting to see how these earnings seasons start to play out. we have a bearish she scenario e as well because we've got the russell and the nasdaq both underperforming the dow and the s&p, and with the s&p today, it was bringing up a very bearish scenario. we might be starting to get that correction we've been looking for. liz: okay, that would be interesting, wouldn't it? as you look at the vixx and that volatility index, it's still relatively low. vanguard came out and said for the first time ever more of their fund participants and clients own bonds instead of stocks? i don't know, todd, that looks very, very sort of contrarian to me. i say i'm going into stocks. >> you are very c

same at the cme? >> yeah, the reaction to the opening -- [inaudible] they were not happy with the lack of volume, lack of volatility in the markets hoping to see more of that. they hope as phone lines come on in new york, customers come back and things return to normal. for the most part, guys, things up today at the cme. there's a lot of commodity gains. dave, the lumber market, a good one, 19-month high, but oil and gasoline prices, both up as we saw refineries come back online. those concerns eased that -- pushed up oil prices, but not all refinery production returned keeping gas prices high. there's a reaction to sandy still in today's marketplace, and traders say they expect that to continue throughout the week so things look good here. seamless open, and traders wanting more with the jobs report on friday. liz: glad you brought that up, the jobs report. you know, largely ignored today was the chicago pmi, the producer managers index. this is an indicator of how you see industrials move or orders

i want to get to the cme. now the storm has passed, give us a sense of commodity land and what you see here? we did the crude oil higher. >> second straight monthly loss. gold really getting to, you know, somewhat of a pullback this last month. dropping off that 1700 level. like sandra and i said last week, we will have a little bounce back and redid. the s&p, the trading is definitely down. they are not trading on the new york, their conditions are held short here in chicago. the market on close orders, you mentioned this, anything can happen, it is october 31, look at that volume that disappeared this last couple days coming to closure. liz: we want to let people know, again, with about 51 units to go before the exchange is closed today, anything could happen. we will walk you through all of this. folks, just bear with me for a second, a couple of stock stories related to the store. groupon, groupon is not going to be offering the deals to any of the market they cannot specifically reach. a lot of their busi

kevin at the cme. look at the s&p, a pop in a month of september, but still a lot of concern we are going to trend down. >> heading into the q3 earnings season, take a look at what corporate executives say and how they got to the fourth quarter. hitting him what he just touched on, fundamentals are not good right now. it is starting to price that in more. especially after the qe announcement. just back-and-forth trade right now. that is where we are positioned moving through much of the year unless something changes dramatically. cheryl: third quarter will be a little rough on the numbers. let's go to the nymex. i will tell you what, the energy market has been fascinating to me. in particular, the effect of what we are seeing in the middle east and the imf warning on the global economy seems to me you have two different stories, and back headlines taking the contract in two separate directions. >> cheryl, has been kind of wild. $2.50 range, last week down $3, the next day we were up, so i would say the

we go to the stock exchange, cme group and imax. how can we make a big deal of this? the dow was of three points and now down 5. gold is not moving and oil pretty much the same. when i say gold is not moving it is down 14 what the u.s. the trader think of these numbers? does it affect going forward as far as equity is concerned? >> these are numbers that are well anticipated and telegraph through the marketplace, nothing surprising. the up side if you want to take something from it is a positive downward trend of the shrinking deficit from 1.4 down two hundred, twenty%, break below a trillion if we get a chance to end the last war we have been in over a decade that will have a major impact on as well. these are election-year numbers and the market yawns at some quite frankly. liz: the markets are up 19% for the s&p and the nasdaq regardless. it doesn't affect the psychology too much. what about oil? going into the weekend as the weather gets colder we are looking at more usage on some level. natural gas not doing much. forward to monday, what we look for next week? >>

down at the cme group in chicago. at the end of trading today we saw nearly session lows, seems like there is a lot of caution attitude coming from the marketplace right now. is this all earnings? >> there's no reason to stay in there and risk it. the slowdown in china, lower growth, and a lot of people are concerned about europe, spain and greece requesting a bailout. if you are overweight, look to step to the side. a 50 day moving average. david: you talk about expectations, when you look at what happened with yum brands today, little pop after hours with earnings, but when investors focused in on it and found a lot of the good earnings were coming from china despite the slowdown, people began to look a little more optimistic. >> if you look at something like yum brands, people have to eat no matter what. in faaor for the average person who can afford it. if you look at larger ticket items like aluminum, alcoa, those are big purchases and a slowdown is directly going to impact bat and not as much on the restaurants

go to the cme and start a contract. liz: but are people buying? how are the sales?> pretty good sales this year? >> oh, yeah, absolutely. definitely quite a few pumpkins so. >> i think it has been a good year all around, liz. it really has. david: jeff, thank you very much. our own jeff flock in the pumpkin patch. one highly anticipated earnings release and a new product from apple. we're breaking down the market moving events that could impact your money tomorrow. everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of thway. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pa along their alth. so their footsteps can help the next generation find their own path. all of us serving you. us bank david: time for two things to watch tomorrow. number two, facebook set to relees earnings tomorrow. it had a little pop today. earnings per share expected 11 cents and one billion, $2 millio

leary in the pits of the cme. peter here in the studio telling us what is most valued assets and brian rix down why we should be looking for an upside surprise that could take us to 1600. let's start with larry at the cme. larry, you are citing a lack of buyers, is that right? >> yeah, sounds overly simplistic but is the lack of buyers that drove the market action today. let's face facts. on friday we had a dramatic shift to the market. we were macro focus, china, europe, the fiscal cliff to being micro-focused, worried about every single earnings. there have been some terrible earnings and there have been some good earnings. it would go down a lot further than it is right now. the consolidation and the general dearth of buyers right now. liz: you might have one positive piece of data out of china. we see a little bit of bottoming. everyone looks to the iron ore exports, said linda started to pick up a little bit in september. will people be caught flat-footed if they are not at least partially invested in stocks?

let's go to the stock exchange, cme group and nynex. is that worth a 78 point loss, restating what the growth targets for the entire world would be. >> if you are looking for an excuse for the market to pull back let's take a look at what is going on with the euro and spain in particular but the market pullback you can blame on avalanche high tech and intel part of the dow jones industrial and apple becomes part of the dow which we expect happen shortly will have the same impact. but apple led the market lower. [talking over each other] tracy: the number to watch for apple is $631.81. we are not there yet. we are above that. if we were to hit that, that would mean 10% of the stock has been shaved off of september 19th. >> we have broken through that. the composite index didn't recover as strongly as apple did. that is your shot across the bout and the correction the market is in. liz: let me bring you from the cme. bolt is down another $8 even -- piling in tons of liquidity. should that be positive? >> folks are taking things off of the

traders at the new york stock exchange, cme group and the nymex. ben willis, i want to get to gold falling $20 in just a minute but looking at equities today, this is a significant rally on a day where we're following six negative sessions. suddenly, equities look good. is this all the retail sales number that came out this morning? >> no, not at all. this is more has to do with china and their ability to export their economy. when china -- obviously one of the largest economies in the world -- can export, not only good for china, but that means other countries are buying so the economy is improving. that set the tone. citi bank continued the follow through. after six straight down days, the market is going to get some sort of relief rally. i think that's what we're seeing. the retail sales were definitely additive to it but with all those pieces together, not the least of which which is after six straight days you are going to get some kind of rally. the question will be how long it holds. liz: charlie, when ben talks about china, i don't want to

, three big names in the market sell let's start with mark in the cme and i am sure everybody had on their minds that it was the anniversary but what does it really mean in the grand scheme of things and how we open on monday? >> it is interesting. you told me ibm would have abysmal earnings and mcdonald's, intel, microsoft, google and apple is going to close $30. do you think i thought the snb would be up on the week? liz: not a chance. >> we are up from where be closed friday. i have been really shocked at the resilience of this market. another interesting thing i am watching. the vix was up on the day but if you look at how big the sell-off was today which should have seen traders racing to buy and to cover their positions. we didn't see that so i am wondering what plagues the sell-off has. personally i am looking at an update monday. i think we are going to catch it big at least on the open. earnings and economic news could change things but i would be shocked if we are not picking up on the open on monday. stuart: leading with apple, trading lower towards the end of the day look

the cme says u.s. and options future trading will close as usual at 9:15, but may not reopen for tuesday's session. we can turn our attention to our pea an markets. ftse 100 shedding half a percent, xetra dax 0.6%. contact 140 is the underperformer down almost 0.9%. the the ibex 35 in spain holding up a little bit better, down about 0.4%. so how do you make money in these markets? hear's what some experts have been telling us. >> we're a bit more positive on sterling.rar's what some expert been telling us. >> we're a bit more positive on sterling.ear's what some expert been telling us. >> we're a bit more positive on sterling.'s what some experts h been telling us. >> we're a bit more positive on sterling. >> what people are attracted to is the fact that over the century, you had an asset class that has always paid on time and with interest. and even with market chaos or even more structural problems, that has happened. we've even had cases during war where covered bonds have been paid on time and in f

let's go to kevin in the pits of the cme. how is it shaping up for monday morning? >> we will end where we finished, and though mixed on the day as we head into the weekend and come into monday morning we will look what happened with the gdp data today and looking at the reports next week, manufacturing data and unemployment report at the end of the week. dave: have a good weekend. liz: people are prepping for hurricane sandy which is being called a 50 year storm. they might be disappointed to learn they might not be able to stream movies. let's go back to nicole petallides on the floor of the stock exchange. nicole: making a little money, it is pouring and you want to be home and watch your netflix, turns out you may or may not be able to do so because we talk about hurricane sandy's have going from florida to maine but in that same path is a key data center, critical data center in north virginia. in the past has been hit by lightning and was offline for a while and powers and move those websites and also included in that would be netflix. we are not saying you wo

editor-in-chief for the almanac joining us now from the cme.you think stocks are up to date because of a surprised romney around in the debate? >> it looks like the initial jobs number and claims were little more than expected. i don't think it was because romney won or anything but good action on the floor, it rallied after that. dennis: even obama supporters came out with not that good, kind of lethargic. some guys on wall street this morning maybe obama got a peek at a bad jobs report for friday. you don't think that is possible, do you? >> may be his first at-bat with the new pitcher, maybe sandbagging trying not to come out and do al gore and step in his face and be too aggressive, maybe he was holding back a little bit. dennis: charlie rangel, the congressman on fox business this morning waiting for obama to come out late and finally taken down and it never happened. what was the biggest surprise for you from romney? >> seemed we were seeing a completely different person. likable, relax, he looked very comfortable in his skin, that was a

the futures have been halted at the cme group, but commodities continue to trade.ties rescheduled the earning report as result of hurricane sandy. and nick's third-quarter resul results, td ameritrade moved up its results this afternoon from tomorrow while pfizer has moved the webcast to thursday. personal spending rose more than expected in september climbing 0.8% from august. then come right in line with expectations. but his latest from the fox business network giving you the power to prosper. cheryl: breaking news continues. live pictures right now coming out of the white house to the right of your screen the storm, we're watching a statement from the president on the impact of hurricane sandy. they've actually learned in the last few moments that the press corps that was following the obama campaign did not fall the president back to washington because of the storm, so basically the press corps is stuck in florida, the president is in washington. expect to hear from the president at any moment and we will bring those comments to you live. state of emergency de

connell: let's go to sandra smith, has the details in the trade today at the cme. numbers are out and they should be somewhat bullish for the market, but oil is plunging. take a look at the numbers just out from the energy department. the expectation was for a build of 1 1/2 million barrels of oil. we actually got a drawdown of 482,000 barrels last week. the market is reacting to what appears to be very weak economic data that's coming out of china and europe. we have a guest who is going to comment on this. what's the deal? these were bullish numbers but we're seeing oil sell off significantly. >> the fundamentals can't override the fact we have weakening economies in europe and china. at the same time, we have had this kind of qe 3 hangover. that was a lot of money. we all started to realize as trader ifs this doesn't work out -- traders if this doesn't work out, we're in trouble. slowing economy in europe as well as in china, and at the same time this hangover of qe 3 maybe not working out. kind of had some of these assets kind of decline in price. sandra: back