eastern time right here on cnbc. we will carry that live. >> as for what's happening in the stock market, you've noticed we have a rally. the dow up by 137 points, still sitting higher at the start of the would ek. let's bring in jim, wells capital management chief investment strategist. it seems as if the stock market is not concerned about the various headlines coming out of the syrian situation and it seems as if they're very much focused on the good news from asia and elsewhere. is this what you're focusing on as well? >> i think so. i think the market has been for a while and will continue to deal with the good old standoff here. there's too many unresolved issues that it's facing, the uncertainty with syria, tapering, another fiscal drama, of what the impact of a higher long-term rates will be, keeping a lid on the upside of this market perhaps, but at the same time, do you want to be out of this market when the data not only here in the united states but now globally is pretty good. last week we had great repo

we'll bring you analysis with cnbc's hadley gamble. that's coming up. >>> and is it the end of made in china? find out why some u.s. companies are reoperating operations as emerging market costs continue to rise. that's at 10:40 cet. >>> twitter takes the first step towards going public filing for an ipo in a tweet. the post says we've confidentially submitted an s- to the sk for a planned ipo. twitter did not reveal any other details such as timing or ticker symbols. they filed under the jobs ad which allows companies with less than $1 billion in annual revenues work on its plans before make them public. twitter is estimated to have $583 million in revenue this year. the information will have to be disclosed at least 21 days before the company begins its investor road show and twitter has been valued at about $10 billion. sources tell cnbc goldman sachs will be the lead underwriter on the ipo. >>> a couple stocks in tokyo got a big boost from the ipo. investors piling into two japanese firms with links to the microbloger, digital gara

stay with cnbc because "fast money" begins right now. [ music playing ] [ music playing ] i'm melissa lee. our guests tonight, let's get straight to the big story. trading september swings. the market originally catching a bit on mediocre jobs report suggesting the taper was still on sliding more than 148 points russia's putin says he stands ready to dramatically protect russia in arms t. ten year hovers just below 3%. so we ask tonight how are you trading the swings in both sentiment as well as stocks? >> it's great. 16.25 is the line in the sand the s&p has held there a number of times. last friday woebl probably 25 to 30 handles. effectively, that's what you have seen. i think we have a little wiggle room to the upside. i think an interesting way to trade this. look at some of these retailers beaten down specifically i mentioned macy's had a big day yesterday. give back a little today. macy's is one you crawl through the wreckage that's where you peck up. >> what did you make from the action today, jim? >> look i think you have two weeks of syria talk that has given the markets a r

keep it here on cnbc.ntdown to the open. whatever happens, we hope you have a profitable day. good-bye. >>> good morning. will the central bavng finally say it's taper time? and how much is in the and beyond that speculation, what do the markets have priced in? plus a budget battle looming in washington. house gop leaders are said to be moving on a tough stand on a funding bill and how it relates to obama care. >>> and in corporate news apple launches its newest operating system today while blackberry unveils its latest devices. it's wednesday, september 18th, 2013, and "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is reporting live from chicago this morning. andrew is getting ready for an exclusive interview with goldman sax chairman and ceo lloyd blank fine coming up at 8:30 eastern time. we'll have more from andrew on that conversation in a minute. first up the fed is set to announce its

warren buffett sounding off on cnbc about the dysfunction in washington. take a listen. >> the market is not going to fall apart because they expect washington will only act irrationally for a certain length of time. it would have to get soft. so i don't -- it's so dumb. it's disturbing but it isn't disturbing in terms of investing or in your beusiness plan. >> that's what buffet says. chief washington correspondent john harwood on the case and has the latest on this budget battle. hi, john. >> hi, tyler. warren buffett makes a lot of sense in that sound bite. i wish i could tell you how this is going to end. i can't. washington is filled with ka boo ki theater. just had the first act play out and you heard the results of that when john boehner came before the press after that vote was over. >> the american people don't want the government shut down and they don't want obama care. the house has listened to the american people. now it's time for the united states senate to listen to them as well. thank you. >> now despite all those cheers, tyler, we know th

we have extended coverage here on cnbc world and cnbc in europe of those ecb and the bang k of englandwell. >>> the countdown to the friday jobs report is on the way with a sneak preview due ahead of the u.s. open. we'll get a preview after the break. has it's ups and downs. seasonal... doesn't begin to describe it. my cashflow can literally change with the weather. anything that gives me some breathing room makes a big difference. the plum card from american express gives your business flexibility. get 1.5% discount for paying early, or up to 60 days to pay without interest, or both each month. i'm nelson gutierrez and i'm a member of the smarter money. this is what membership is. this is what membership does. >>> you're watching "worldwide exchange." recap of the headlines from around the globe. syria looks to overshadow talks of the g-20 summit in st. petersburg where tensions are running high. leaders were hoping to keep the focus on growth and the effects of fed tapering. >>> other central banks focused, stocks heading higher with investors wondering if mario draghi can feel confi

joining us here at cnbc headquarters. more moriel, ceo of the national urban league and ron christy ceo of christy strategies and former adviser to presiden tha n good. the economy is in a state of suspended animation, and while we've had continuing growth, i think that now we've got the syria situation sort of hanging over the economy, and we've also got the effects of sequestration because there was very little growth in the federal jobs sector in the last month, so we're seeing the effects of this, and i think but for sequestration we might have maybe a point higher in economic growth and maybe more jobs being created, so while job growth is consistent, it isn't enough to bring that unemployment rate down as we've talked about a lot. >> ron, do you agree, the sequestration issue has been brought up a lot? i think there's some validity to it, but the discouragement of workers is troubling, not only i'm sure to the president but also to the federal reserve board chairman who has brought it up a number of times. >> i thin

still to come, as well, philips ceo speaks exclusively to cnbc.this. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ >>> shares in philips are trading lower be spite the company's plan to launch a share buyback program. the firm's ceo france van houten spoke exclusively to cnbc just a bit ago. >> yes. shares down 1.4% this morning. right at the start of trait trade, shares were down a little more, 277%. first of all, you've got profit taking. shares in the company have had a really good run, up from 23% year-to-date. second of all, some analysts were expecting the margin targets to be raised by even more. yes, they already increased them. morgan stanley, for example, was expecting the consumer lifestyle business target to be raised to 12.14%. philips's own target came in at 11.4%. saying philips is likel

she is moving on to another endeavor here at cnbc.he has been a pivotal member of our team and we wish her the very best on her promotion. i can't solve the debt ceiling myself. i'm going to need some help. thanks for watching, folks. have a great weekend. see you on monday. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. >> the following is a cnbc prime original. >> sometimes a revolution can begin suddenly, without notice. this one begins on a january afternoon in 2009, when a man named janis krums boards the ferry for his commute home from manhattan. >> that day was li

got a question, send us a tweet as cnbc options, we'll answer it.ht after the show on our new web site. profit from the big moves in the bond market in addition to scott, you'll find great trader blogs. educational material and exclusive trades. check it out. here's what's coming up next. ♪ >> so it wasn't quite a bond home run. >> gone. home run, barry bonds. >> bold bond call was spot on. so how do they plan on making even more money? plus, with the consumer hurting could casual diners see indigestion? >> i can't believe i ate that whole thing. >> that's when options action returns. >> our newsletter delivered to your in-box. packed with exclusive information and analysis. this is the extra edge you need. it's free, when you register, or visit the member center at cnbc.com. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorsw

cnbc's own eamon javers reports some traders may have been ahead of the fed decision.ns us now with the details. good evening, eamon. what can you tell us? >> good evening, larry. well, we learned today that the fed itself is contacting news organizations to review the procedures for securing information that's given to the news organizations in the fed's lockup room. that's the area inside the room where reporters get advance information on fed decisions so they can prepare stories for release, in this case exactly at 2:00 p.m. the question here is did anybody transmit any information out of that lockup room before the agreed upon 2:00 p.m. embargo time? the fed is investigating this based on an unusual pattern of trading that would suggest that some of this information would end up in chicago before it reasonably could have. let me show the charts that explains some of these patterns, starting with the e-mini futures trade in chicago on wednesday just in the wake of the fed announcement. the blue line you see there on the left side of your screen, that's 2:00 p.m. no

thing, you're a cnbc regular. saw the big easy money move by the fed today and the roaring stock market. i just can't resist asking you. can this roaring stock market last? >> well, i worry because the roars are artificially induced. what that means is when the roaring factors are taken away, the stock market is going to collapse, and i worry about the people's reaction to all of that. i think we needed some moderation. but it's great that the market is thriving. i just wish it were based on the fundamentals. >> all right. we'll leave it there. i want to get to this s.e.c. payment ratio. this just sounds like left-wing drivel to me, an attack on successful executives. you tell me, harvey. you're chairman of the s.e.c. what is the s.e.c. doing this for? >> well, they were forced to do it in one sense. congress adopted in the dodd/frank act a provision that says the s.e.c. must require this disclosure. now, the truth of the matter is this is a ridiculous statutory provision. it makes absolutely no sense. and part of

the ceo told cnbc he's keeping enough cash to strengthen the company. bulk of it is returned to shareholders. >> the percentage might look small, the percentage retained, but the amount of money, i think, is robust enough for allowing vodafone to have a great future. >>> the u.s. senate prepares for a hearing today on the use of force in syria. once the u.n. endorses a military response. >>> all right, if you're just joining us state side, welcome, good morning to you. hope you had a good long weekend. we wake up to another deal, vodafone confirmed last night. and now this morning itconfirm ed microsoft is buying nokia's smartphone business including nokia as patents. the second biggest acquisition behind the purchase of skype. microsoft will use some of the near $70 billion in overseas cash to pay for the deal. nokia was an early supporter of microsoft's window phone software for its lumia smartphones. microsoft will bring on several nokia executives including the ceo stephen elop who rejoins the company. nokia chairman will take over as interim ceo. p

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again, we'll show it to you here on cnbc.ket's up 109. 15,300 with about 15 minutes to go. >> we'll take a short baek. when we come back, this market rallying again. s&p 500 goes for the seventh straight win. up next, find out whether this rally has legs and if there is more room to run. to do somethig you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ paying ourselves to do what we love? seasonal... doesn't begin to describe it. running a bike shop has it's ups and downs. my cashflow can literally change with the weather. anything that gives me some breathing room makes a big difference. the plum card from american express gives your business flexibility. get 1.5% discount for paying early, or up to 60 days to pay witho

we'll go to cnbc contributor addison armstrong.research at tradition energy. addison, give me one. what is the most important reason pour the drop-off in gasoline prices? >> quite simply, larry, it's the pullback we've seen in crude. you know, since the -- since the height of the crude rally, up to about $112 a barrel on wti, we've seen 10% of that price come out of the market. and it's been a commensurate run in the wholesale gasoline market as well. >> no bombing in syria have nothing do with it? >> certainly. we built in a very large risk premium for syria on the oil. and once it was apparent it wasn't going to lead to a military confrontation, then that money and that speculative interest came out of the market very quickly. >> you know, i asked that question. sure, i knew the answer. but what is interesting here, oil prices are falling while the dollar is falling. that's very unusual. usually a higher dollar brings oil prices down. oil is a very sensitive commodity. this time it's not working. so are there really deep, strong

meanwhile, at cnbc, we have a new program called "the edge."e program is looking at driverless cars. and while the technology exists, consumers still need to be convinced. finding only 49% of people would be comfortable using a driverless car. >> only? >> only. half of everybody. while others found over 70% of respondents did not trust an automated vehicle. therefore, i decided to take bmw's driverless car for a test drive on germany's autobahn. bnw's driving academy. the car, a highly automated prototype that basically drives itself and more importantly goes out of germany's famous autobahn. it's got 12 sensors, lasers, ultra sonics, a host of cameras all of which provide 360 degrees constant surveillance. add to this, this prototype uses a gps system to pinpoint the car's location within sent meters. by relaying information to and from stations all over germany. the 12 sensors on the car feeding all that information through each with a microprocessor, this is where it all goes for this box of tricks. plenty of wiring here. two computers. the

send jim an e-mail at cnbc or give us a call at 1-800-743-cnbc. miss something? head to "mad money".cnbc.com. in a world that's changing faster than ever, we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. ♪ unh ♪ [ male announcer ] you can choose to blend in. ♪ or you can choose to blend out. the all-new 2014 lexus is. it's your move. where would you go? woman: 'greece.' woman 2: 'i want to go to bora bora.' man: 'i'd always like to go to china.' anncr: download the expedia app and your next trip could be on us. expedia, find yours. [ male announcer ] some things are designed to draw crowds. others are designed to leave them behind. ♪ the all-new 2014 lexus is. it's your move. >>> sometimes in this business, things get so i

cnbc's mary thompson back with that story and more. good evening again, mary. >> reporter: seems like we have good news on that. kenya's interior ministry saying over its twitter feed saying we're in control of west gate mall. earlier today kenyan security forces exchanging fire with as many as 15 gunmen for several hours. at least three of the islamic militants were killed and few, if any, hostages were still inside the mall. but 62 people, of course, were killed and more than 200 injured over the weekend attack. germany's angela merkel elected over the weekend as third term as chancellor of her party. she got 41.5% of the vote but not enough for a majority. many people in germany opposed her handling of the greek debt situation, she is one of the very few european leaders to survive that debt crisis. >>> and there's a growing controversy about the u.n. general assembly in new york this week. there are reports president obama will shake hands with new iranian president hassan rouhani. may nod sound like a big deal. >> on the way into

cnbc's bertha coombs has that for us.ening, bertha. >> reporter: good evening, larry, learning a little more this evening about the suspect, mr. alexis and who he worked for most recently. let get you caught up on this story. 13 people fatally shot, including the gunman. that is the young man who has been identified by police as the shooter, 34-year-old arab alexis. he was a naval reserve -- served in the naval reserve from 2007 to 2011. he had lived in fort worth, texas, bus recently moved to washington. initially police thought there was another gunman, but tonight police believe he was the lone shooter, though they are searching for a second man. nbc news is reporting that he had a job as a civilian contractor, and tonight hewlett-packard confirms that aaron alexis worked as a subcontractor for hp enterprises. the spokesperson could not say whether alexis was still employed by the company today. the director of corporate relations said we're deeply saddened by the tragic events at the washington naval yard. our thought

cnbc's john fortt is in san jose. john? >> simon, intuit is teaming up with square on payments technology. intuit, $19 billion market cap company that has turbo tax for taxes as well as quickbooks for small business payments. what they're trying to do here is position quickbooks, the accounting software, as more than just an application as a tech platform for small business. they tell me they're going to open up their apis a lot more and allow other small business software and solutions provider to hook into it. this partnership kicks off on the 19th of november. intuit will continue to offer go payment, its credit card swipe technology position offering more for service providers versus square strength which is in retail locations. it's interesting, jack dorsey, hinted he might push square software into quickbooks territory, perhaps this move is meant to blunt that. i will have intuit ceo brad smith exclusively on "fast money" today. they had an investor day here today in silicon valley and that's where we'll be. back to y

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some startling stats coming out of our exclusive cnbc all-america survey. meantime let's check in with sue down at the nyse. hey, sue. >> hey, ty. two companies under siege today. jc penney and blackberry. can these companies reverse their fortunes? both were trading in single digits today. jc penney rebounding just a bit. but at a 13-year low, nonetheless. while blackberry way below the $9 a share that fairfax says it's willing to buy it for. right now jc penney is up 5.25% in terms of percentage points. we have courtney reagan on jc penney and jon fortt in san jose with the latest on blackberry. courtney, you first. >> that's right,ist been a tumultuous week as the stock price fluctuates to sharply positive on a mix of father and news. cnbc has learned that jc penney ceo met with investors in new york city yesterday telling them jc penney doesn't see conditions this year where it would need to raise liquidity. they adding we'll see how we do in the fourth quarter. reports that jc penney was considering raising up to 1 billion did in funding had pushed sha

follow cnbc, as well, on twitter@cnbc world. >>> and at the world economic forum in china, the health of emerging markets is not surprisingly a major key firm. some are questioning whether fears of fete tight.ing is still a bull. >> i don't think the fundamental attractions to the emerging markets have changed overnight. if you looked at the financial markets, you would think everything changed in sort of june/july. i think that's overblown. it has more to do with the dynamics of dollar flows in the context of ben bernanke's move tapering and so on. which is to say that emerging markets don't have challenges, by utz just that the underlying dem dprafices, process of elimination and industrialization are still driving impressive rates for pdg growth. >> the deputy managing director told cnbc that unlike the last asian financial crisis when economies were in trouble, the region now suffers more from a perception problem. >> the key issue is looking for the transparency, looking for the clarity for policy framework, looking for the proper communication, and looking for the xag capacity b

we have this breaking news just in to cnbc. speaker boehner's office says the president called the speaker this evening to tell him he would not negotiate with him on the debt limit. boehner's office says it's obviously disappointed by the decision. let's get right to our distinguished guests. they're two guys who strongly support the defunding strategy. house members phil rowe of tennessee, he's also a doctor, and brad winstrop from ohio. brad, i don't know if you're a doctor or not. >> yes, i am. >> good, two doctors. maybe you can give me some help. let me just ask you, this is an odd story. let me start with dr. rowe. president calls boehner and says, i'm not going to negotiate with you. it's not like, hi, did you have a gad trip? do you want to play golf? no. he says, i'm not going to negotiate with you. what's up with that? >> that's ridiculous. presidents have negotiated with congress for years. there's a long history of that, certainly with the debt ceiling because the debt ceiling vote is one that we have to pass to ru

he's a cnbc contributor. jim, welcome. goldman sachs resuming a neutral on target. a $71 price target on that company. goldman saying target faces tough strategic positions. the valuation drives us to a neutral call. so look at shares of target over one year, basically flat. that's what they say. do you agree with this? a neutral on target? >> no. i disagree with the neutral call and i agree with the fundamental analysis. this is confusing. they come out with a neutral call but say their price target is full 12% over where the stock is trading right now. i agree with their negative fundamental story that target might not have the pricing power of some of its competitors. some of target's clientele might be gravitating toward amazon.com and e-commerce. and if it trades below 63.10 i might put a short position on that. >> you would put a short position on it? >> yes. >> all right. that's a disagree. you would rather see them go down on it. to lazard capital, upgrading shares of expedia to buy from neutral. they think the shares of expedia are in, quote, an industry le

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. >> welcome to 60 minutes on cnbc. i'm lesley stahl. the information technology revolution changes our world on a daily basis, but one thing that doesn't change is our fascination with the so-called nerds who not only transformed society but became billionaires in the process. this edition features a trio of these tech titans: bill gates, the man who created the world's most valuable software company, microsoft; mark zuckerberg, the young, geeky computer programmer behind the internet phenomenon facebook; and sergey brin, the cofounder of google. we'll begin with brin. has there ever been a brand name like google? in less than five years, it went from an idea to a global verb, as in, "i googled this," or, "i google that," or, "i google you." back in 2006, shortly after the company went public, google opened its doors for the first time and let us google them. >> we have north america. >> oh, look at that. google cofounder sergey brin is showing us an electronic globe that displays the mountains of google searches happening around the wo

eastern right here on cnbc.eanwhile let's go back to brian sullivan at the apple event in cupertino. >> and tyler, what has been rumored is now true. right now, phil schiller head of the iphone business coming out and saying, they are going to replace the iphone 5 with two new mod the. the only details we have right now and folks, this is happening seconds ago, the iphone 5c not sure what -- cheaper phone, whatever it is, will, indeed, become a reality. the speculation has been a apple will unveil a lower price, less technically savvy, slower components to make the price point come down phone for emerges markets. we do not have a price point on the iphone 5c but this was one of the big expectations out of this meeting, guys, is that apple will make a big push into emerging markets where android because of certain designs, plastic case can offer a lowered priced phone. apple is saying google and android we're coming after you in emerging markets. again, apple going to replace the iphone 5 which it calls the most

stay with cnbc. here's "fast money" right now. >> i'm melissa lee, the traders tonight are dan nathan, karen finerman, john najarian and mike khouw. let's get to the big story that fast is following. the third rail, interest rates zoom higher today, the ten year yield finally breaking three percent just moments ago. so the question we ask is, as treasury yields surge will the rally in stocks get zapped or can rates and stocks rise together? dan, there are a lot of young folks in our audience. they don't remember that they historically rise together. >> there are periods that you'll see a disconnect and the sense that we have had in a short period of time. basically doubled since the summer. these trades have been very crowded, these yield trained, bond proxies, some of the names that people have crowded into like utilities and reits. if you look at the prices, they stalled out months ago. they anticipated this. to me you have to be careful here. home depot is a great example of a stock we heard about

cnbc will continue to push out televisions. in the future, maybe you'll be putting it out on video, on twitter, delivered over cablevision or comcast pipes. that could happen over the next five to ten years. >> twitter could be the new cable network. everything else could be pipes. why won't they go to hour long specials? >> this can take better technology. >> becky, even more before we see what jon is talking about happening, we have to look at the partnerships twitter has done with various tv distributors. look at the partnership twitter has done with espn. twitter has been a lead honor in figuring out social television. they're working with espn. they're letting espn imbed clips and there are ads in those clips. >> this is what's going to happen to me tomorrow. less has been able to get $1 billion in retransmission. everybody else is blind, but we're going to try. tomorrow night, i'm going to easily sit down and surgeon on high def cbs and sit down and watch alabama. why is there not a place for that in -- >> there is. unles

he joins us now from cnbc's headquarters.rick, thank you so much for joining us bright and early this crucial friday morning. on the back of the strong ism services data yesterday, were the employment subcomponent rose to a six-month high, the best numbers for the jobs report has gone up quite dramatically. have you increased your expectations as well? >> i was already at about 200,000 net gain, both private and public sector. so the ism number was more a confirmation of what we have really seen going on in the services sector. and that is that there is growing incremental growth in confidence, and therefore a need to ramp up hiring a little bit above where it has been. about 200,000 is the expectation for my perspective. >> patrick, there is always all this excitement about the nonfarm payrolls report and this time around, of course, we know that it may have a crucial influence on when the fed will start tapering. on a scale from 1 to 10, how important is this number today? is all this excitement warranted? >> well, the fomc

john ford is out on the cnbc's west coast bureau with this, john. >> supply is a big part of this. the reason why if you go to the online apple store right now you'll see 7 to 10 business days is what you have to wait for shipping on the white or black colored iphone 5 s. it's october for the gold. on the 5c it's shipping in 1 to 3 business days. a year ago with the iphone 5 you saw supplying maintaining until halfway through saturday and there wasn't a preorder on the 5s. normally they're particularly supply constrained on these designs but this is an s release. normally they don't have to re-sign the entire thing. their supplies tend to be a lot better. what i would look for is how quickly is apple able to replenish these supplies? there will be a lot of questions about that in the next earnings call in mid to late october. normally if they're supply constrained at launch they haven't fixed that even by october time period and you can't make money off of phones you don't have in stock. it's a good problem to have up to a point. >> at the same time it makes monday's number a littl

cnbc asked respondents to rate them on ten qualifications for the top job at the nation's central bank. in the overall score, summers finished last. yellen graded higher than sumners eight of ten categories including political and communication skill, monetary policy expertise, respect for other financial officials around the world and ability to manage a financial crisis along with banking regulatory expertise. there was some suggestion from the white house today that president obama could move the next couple of weeks to a point bernanke successor. that would remove a significant cloud of uncertainty for markets. especially if the nominee is yellen who was well known by wall street expected to continue bernanke's policies and easy to confirm in a fractious setting. for "nightly business report," i'm steve liesman. >>> the fed's next move on its stimulus plans and the selection for the next chairman of the federal reserve aren't the only fiscal worries hanging over president obama's head right now. there's the issue of how to fund the u.s. government and the battle that's brewing over

unitedhealthcare. >>> welcome back in case you missed top moments on cnbc.s our executive edge. ♪ >>. i think there will be a shutdown, although probably a short one. i think the real threat, the real problem is the debt limit. >> jcpenney just announcing, that that public offering is going to be 84 million shares of the common stock. it's going to be priced at $9.65. what the republicans are saying by quote, delaying the individual mandate for a year is it means you're basically cutting the legs out from under the affordable care act's ability to make sure that insurance companies can't drop people or deny them coverage for a preexisting condition. >> moments away from incoming spending for august. up four-tenths on income up three-tenths on spend being. pretty much in line with expectations, not bad numbers. >> the world's biggest maker of sporting goods made its earnings debut as a member of the dow. it knocked it out of the park. let's kick it off with a look at the headline numbers. earnings coming in at 86 cents per share, eight cents better than avera

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even right here on cnbc. and for real estate, it could open up a new wild west for crowd funding development. cnbc's real estate reporter diana olick is live in washington with more on the story. hi, diana. >> hi, sue. it's already happening here in d.c.'s eighth street corridor northeast. it's a transitional neighborhood which still has a ways to go. areas like this are not exactly popular among large investors, small local investors, though, know the potential but they've been largely cut out until today, while crowd funding real estate is about to get easier. >> public will help you build your real estate. >> reporter: ben miller has been crowd funding commercial real estate through a tricky exemption in the law. his company fund rise, brings small local investors to projects like this soon-to-be d.c. restaurant and market. it was limited to locals, but starting today, he can market to investors anywhere. >> over time, you realize the public is an incredible asset, democratize investment not only in real e

eastern and pacific, and it's only on cnbc. simon? the program, new data shows car leasing has hit another record high. what's your take. do you lease? do you finance? do you pay cash? result of the yahoo! finance question of the day are coming up. >>> plus, a look at how the car-makers are doing right now and if "the profit" is still around i could deal with some extra cash. enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#: 1-800-345-255

welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. senate majority leader harry reid is delaying a senate test vote to authorize the use of force against the syrian regime. he says he consulted with the president, fellow democrats and republicans before delaying the vote. >> you have to take it with a grain of salt initially, but between the statements we saw from the russians, the statement today from the syrians, this represents a potentially positive development and my preference consistently has been a diplomatic resolution to this problem. >> the president was referring to an idea that got started by secretary of state john kerry when he made an offhanded comment about what it would take to solve this through diplomatic reasons. we'll talk more about that. >> just a moment. but a new cnbc "wall street journal" poll finds 60% of americans are against striking syria. john harwood will join us with that in a moment. but first, andrew has a rappup of the day's headlines. >> the big one being apple. apple holding a major media event t

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must-see tv, cnbc secret lives of the super rich premieres tonight at 9:00 p.m. eastern time.right, ty. >> thank you very much. we are going to take a quick break. with the dow down about 70 points on this walmart news that maybe they're going to pull back on some orders. that is pulling down some other stocks in the retail area. along with it. we're watching that one. we'll tell you more after this quick break. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ she'and you love her for it.ide. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your

in the meantime let's bring in cnbc's eamon javers and john harwood. john, i want to go to you first. please set the table for those of us tuning in right now. >> for those tuning in right now, what has happened today is that the senate has rejected the house extension of government funding, which included a delay in the implementation of obama care and also would have gotten rid of the so-called medical device tax, which raises $30 billion over ten years to help pay for obama care. and that meant automatically that a clean extension of government funding went back to the house. the house had a meeting this afternoon. their members decided they were not going to extend government funding in a way that would avoid a shutdown. they're sending a new bill back. once they get it drawn up and passed on the floor of the house of representatives, that would delay the individual mandate, which is at the core of obama care and it would also repeal or get rid of what they call a special exemption for house members and their staffs in how obama care applies to the

the ftse cnbc global 300 has been fairly flat during this session.ean equities have been softer throughout most of it, as well. the ftse 100 has been fairly flat. the xetra dax down 0.25%. the cac 40 off 0.4%. there has been more from sylvia berlusconi's party that they may, again, try and destabilize government if their coalition tax which they don't like. a number of individual stocks we're looking at here in europe, h&m stocks have been tailored just right. the retailer saw its pretax profit for the first quarter, 5.8 billion swedish crowns that comfortably beat forecasts. sales for september, its first fourth quarter month up 8% on the year. alcatel lucent up 5.5 %. the network equipmentmaker for mobile up after reports from nokia suggesting that it has considered previously talking about a tie-up with the french company. tui travel up 1.5%. thomas cook group is down 7.%. bookings at the travel operator slowing over the summer because they say better weather in europe meant there was essentially less long haul travel. take a look at bond markets.

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joining us from cnbc hq in the states, daniel ives. daniel, good to see you.rperformance right now by oracle stock. what's your reaction to what you've heard? >> yeah. i mean, it was not exactly a great quarter. i mean, a slight rebound from what we saw last quarter. but the guidance will be the focal point this morning. soft and what the street was looking for. and i think it continues to be an uphill battle for oracle as they try to reaccelerate growth in this move to the cloud, which they were a bit late and it's kind of hurt them in the top line. >> how competitive is it out there with smaller companies offering, you know, softer and internet based products at cheaper prices? >> that's a big issue. i mean, competition has continued to increase. but the big thing here is that oracle, they were late to the cloud. they've done a good job over the last six to nine months in terms of product cycle, hiring a lot of sales, guys trying to get back some of that share. but it's a proven stock over the next six to 12 months if they're going to be successful in this m