for that and the rest of the news before the bell we turn to jackie deangeles at cnbc headquarters. good black friday. >> good morning to you, too. futures are lower as investors focus on europe. markets in the red. after comments about arranging the debt crisis. moody's downgraded hungary today. this following a disappointing bond auction on thursday. now the markets are only open half a day, but we did see the dow fall 236 points on wednesday. the nasdaq losing 61 points to 2460. and mortgage rates have been flipping again, freddie mac says the average rate on a 30-year fixed loan sells to 3.98% from 4% the previous week. rates have been below 5% for two week this is year. they are not translating into higher home sales or refinancing. this could be the worst year for home sales in 14 years. high unemployment and small wage gains are making it harder for people to qualify for the loans. and finally at&t may be moving closer to scrapping the $39 billion takeover of t-mobile. they are withdrawing the fcc application to focus on trying to win anti-trust approval. regulators say it wi

for that and more news before the bell, let's turn to jackie deangeles live at cnbc world headquarters. >> after the u.s. markets saw the worst week in months, we saw futures on the rise with double and triple digit gains. germany and france are watching radical ways for fiscal immigration among the 17 countries for tighter budget control. last week in the u.s. the s&p 500 fell 4%. the dow is off 4.8% and the nasdaq lost 5.1%. giving back most of october's gains. meantime, employees of big wall street firms could see annual compensation sink 27% to 30% from 2010 to the lowest level since the 2008 financial crisis. this according to the options group, an executive search and consulting firm to release a closely watched compensation setting later today. in terms of bonuses, they're on track to fall 35% to 40%. they're expect todd be cut most in the financial services sector. a bond trader met with a managing director title. he made $3 million in 2010, he's likely to make $1.7 million in 2011. >>> and at&t mobile's corporate parent withdrew an application for a merger that would have been

for more on that, let's turn to jackie deangeles. >> futures are pointing to a positive stock market open this morning. even though stocks and commodities were hammered yesterday as investors eye debt concerns out of europe. thaw makes it more expensive for the government to borrow money. the nasdaq lost 51 points, closing at 2588. heinz is due out with quarterly openings this morning. they are expected to earn revenue on $2.9 billion. they're facing higher commodity cost ls and slower sales. despite that, some analysts say the makers of the potatoes and classic pasta sauce will outperform them. that's because they come from emerging markets. >>> and now that amazon launched the kindle fire there's talk that it's building a phone. they suggest they are using partners to put together a phon phone. >> time to check in on the friday forecast. it's all good in this hood, anyhow. the rain showers haven't arrived. they are on the way. and i think that the good news is for you early birds, you'll get the best drive this morning. i think the action will step up through the 9:00 hour, and the

for more on that, let's turn to jackie deangeles live at cnbc he he headquarters. >> good morning. futures are lower after a down day on monday. they could have the credit rating cut. we'll be watching those things closely. meantime, yourp continues to trade lower. asia was down overnight. we'll get day today in the u.s. and also earnings from retail giants wal-mart and home depot. the dow lost 74 points yesterday to 12 rkds 078. the nasdaq off 21 to 26,507. and it could be deja vu all over again as you said. if congress doesn't pass it the government could run out of cash this weekend. and black friday is becoming black thursday. toys "r" us will open stores at 9:00 p.m. on thanksgiving, an hour earlier than last year and the the earliest of any retailer. wal-mart will open doors at 10:00 p.m. and toys "r" us is unveiling the early holiday deals, which include $50 gift card with the purchase of an ipod touch. 40% off of some transformer toys and 50% off of some leapfrog devices. back to you. >> love all that. >> not to mention three all at once. okay. amazon is hoping to heat up t

for more on that and news before the bell, let's turn to jackie deangeles live at cnbc headquarters.>> good morning to you. futures slightly higher this morning. we may see carry over from the rally. stocked jumped on optimism that europe may be getting the act together and on the back of bullish black friday holiday sales number. we're looking at europe higher this morning as well. there's been a muted response so far to a warning that it could downgrade the u.s. credit rating if there's no credible plan to cut the deficit in the next few years. today we get data on home prices and consumer confidence. the dough leapt 291 points to close at 11,523. the nasdaq was up to 2527. shoppers may be icing down their mouse clicking fingers today as cyber monday proves to be more popular than ever. web traffic was up about 43% from last year while ibm smart commerce reporting sales rose 18%. electronics is the most wanted item. ebay saying the white apple ipad 2 sold out in less than two hours. and facebook gearing up for an ipo next year between tril and june. that's worth twice the market ca

let's turn to jackie deangeles. >> good morning to you. we are watching the futures. they are slightly higher open after the markets fell slightly. investors reacted to the failure of the super chee committee. we'll get revised numbers on gdp on how much the economy grew this summer as well as minutes from this month's fed meeting. the dough dropped 241 points to close an 11,547. it's back in negative territory for the year. the nasdaq lost 49 points to 2523. meantime the government expabded the criminal investigation into online mortgage fraud beyond the deceptive ads on google. regulators have shut down 125 mortgage scams and google, microsoft and yahoo! have banned hundreds. >>> and we have reports facebook tapped htc to make a smart tone to deeply integrate features of the social networking site into the phone. it's code named buffy after the vampire slayer. that's it for us, back over to you. >> we'll see if we like it or not. >> a holiday tradition in the south bay is now officially open for business today. kristi yamaguchi leading the parade. that's me and laur

for details on that and the rest of your news, we turn to jackie deangeles live at cnbc. >> futures dippedown in the red. this came following a report warning u.s. banks take a big hit if the debt crisis spreads. traders say investors are on edge over any headlines across the pont. it's much more expensive for them to hire. the dow fell to 11,905. the nasdaq down 46 to close at 26039. the obama administration wants a double fuel efficiency to 55 miles per gallon. automakers are required to raise fuel economy from 27 to 35 miles per gallon by 2016. more than a dozen car companies signed on. consumers could save up to $5,600 in fuel cost over the life span of their car. but they would pay $2,200 more for fuel-efficient vehicles. >>> and u.s. regulators have shut down several internet scams in which companies were paying google. more an 80 businesses are accused of duping borrowers. it renews questions about the massive ad network. >> police say 95 occupy protesters were arrested after storming a san francisco bay police say they climbed on furniture and set up a tent inside. police say many

we turn to jackie deangeles live at cnbc. good morning, jackie. >> good morning, laura. stocks and commodities were hammered yesterday as investors were eyeing debt concerns. spanish bonds continue to sell at high yields, which makes it more expensive for the government to borrow money. europe was lower this morning as well. we saw the dow fall 134 points yesterday. the nasdaq lost 51. closing at 2588. kodak is reportedly looking to sell the online photo sharing business. sources are telling the wall street journal they have approached rivals, private equity firms and retailers to buy kodak they are looking for hundreds of millions dollars for the service in an effort to raise money to fund the turnaroun turnaround. >> it is official. ed lee is the next mayor of san francisco. the elections office confirming that. and ross is the next sheriff. prop h would have asked the san francisco school district to change the way they assign them. >>> bay area workers could have another way to get home. the follow-up to a story we brought you yesterday. they are pushing ahead to run

for more on that we turn to jackie deangeles live at cnbc headquarters. >>> after the u.s. markets saw their worst week in two months, we're watching the futures on the rise. this, of course, on the latest proposals out of europe to contain the debt crisis. germany and france are explores radical ways to impose tighter budget control. in addition, some reports are saying the imf is prepping a rescue plan for italy, and is of course spurring a worldwide rally. last week in the u.s. the s&p 500 fell 4.7%. the dow was off 4.8%. and the nasdaq lost 5.1%. all the markets were getting back a lot of october's gains. retail sales this black friday rose 6.6% from a year ago. this according to shopper track, which measures it. in 2010 there was a mere 0.3% gain on black friday. overall sales over the thanksgiving weekend grew 16.4% according on the national retail federation. this year's shopping extravaganza is setting a new record. sales are estimated to reach over $52 billion for the four day weekend. and consumers are bracing themselves for cyber monday. just this past friday cyb

for that and the rest of your news before the bell, we turn to jackie deangeles, live at cnbc headquarters. >> good morning, jon. we're watching futures closely. they just slipped into negative territory, indicating a lower open on wall street this morning. this is after markets fell sharply on the ongoing debt worried in the united states and europe. investors reacted to the failure of the super committee to strike a deal to cut the deficit. there's some concern that they could cut the nation's credit rating. but this doesn't affect their current outlook. also how much the economy grew this summer 66789 swoels this month's fed meeting as well. this is back in negative territory for the year. the nasdaq losing 49 points to 2523. and if door busters aren't enough to get you in the door on black friday. retailers are ready to use what seems to work every time. and that's free stuff. old navy is giving away kodak cameras. sears is offering free collectible christmas ornaments to the first 200 shoppers why buy clothes and accessories. you don't have to be bored waiting for best buy to open. th