the dow is down 140 points. the s.e.c.ting it can stay open for a couple of weeks in the case of a shutdown tonight. >> fears of that shutdown certainly spooking investors, or is it just an excuse to take some profits? chad morganlander says today's selling is just the start of a correcting stage. that bears call when we come back on "the bell." s just that't you know "hidden things." ok, why's that? well uhhh... hey daddy, what's your job? daddy's a uhh florist. are you really a florist? dad, why are there shovels in the trunk? there's no shovels in my trunk. i see shovels... you don't see no shovels. just am. well, it's true. at ally there are no hidden fees. not one. that's nice. no hidden fees, no worries. ally bank. your money needs an ally. >>> hard to believe we're in the final stretch, the final ten minutes of trading for the month and the quarter. joining us now, michael crofton and chad morganlander. chad, to you first, buying opportunity. is this a selloff? >> i think we're in a short-term trading correction her

. >>> the dow and the s&p down for four straight days. will the markets snap their losing streak today? here's where we stand right now. the dow industrials off about 2%. no excuse me down about one point. looking at the wrong chart. the nasdaq composite higher by 10. small cap stocks continue to lead this year. another new all-time high second consecutive day for the russell 2,000 up 27.25% so far this year. the little guys are leading the way, bob pisani. >> having fiscal fear fatigue here. everything that john harwood was talking about. take a look at the s&p until a short while ago down five days in a row in the s&p. this is one of those light volume, low volatility pullbacks we've seen this year. february, april, august, we had these declines. the s&p is only 1.6% from its historic high, just last wednesday. so remember that folks. the one thing that worries me more is that pullback in the ten-year yields down 10 out of 11 days and the stock market isn't really responding. usually that's good news for stocks. weak economy, not great f

the dow's down 42 points. walmart, a drag late this afternoon. we'll talk about why in a little bit. they've come off the lows, though. now down 42 points. questions on inventory now. nasdaq is down to 37 64. s&p is following suit as well, down 2.50 points. dow and s&p in jeopardy of a five-card losing streak. they could lose their spot in the wild card playoffs. >> we haven't had this all year. let's put you up walmart. walmart had an outsized impact on the dow in the middle of the day. there was a report in bloomberg that perhaps the retail giant was cutting orders because of rising inventories. courtney reagan talked to well matter and said that was a misleading story, they are constantly managing inventories. remember, target missed and some dollar stores having problems recently. the low end is having some problems. it did have an impact. i said it had a broader impact. consumer names in the dow all dropped on that. they've come back a little bit. nike, procter & gamble, johnson & johnson, all moved to the downside. i've been calling it fisca

today the dow is in slightly negative territory. we're told by art cashin the is down as well. this is the newly revised dow. three went out, three came in yesterday. the nasdaq is trading higher today. up 13-plus points at 37.78 and the s&p 500 is also slightly higher for a moment with a gain of half a point at 1708. joining us in "closing bell exchange," jane from wells fargo, mike mcqueen from highsthig hightower and jeff fox, brand new finance editor, congratulations. >> thank you. >> and rick santelli. >> i know you don't let the macro stories get in the way too much, but you can't really ignore what the fed's doing these days, can you? >> no, you can't ignore it, bill. i think the hardest part is the market thought they knew what the expectation was from the fed. and now i'm not sure the market knows what to expect. >> so, what do you do? i mean, how do you make money in that kind of market climate, then? what do you tell your clients about investing? >> so, what we tell our clients is we focus on fundamentals within a company and look for stocks that have the opportunity

jones at one point of down about 117, dow on track for first weekly loss since i would say about august, same with s&p, nazdaq is down about 7 but looks to see a weekly gain. that would be 4 straight. to individual stock names j.p. morgan is higher, ceo jamie dimon met with top justice deputy officials in washington yesterday. trying to end the government's mortgage investigations, still no sign of a settlement deal. the stock is meandering a bit, waiting for guidance, down about 2/3 of a percent, j.p. morgan at $52.25 a share, is there any valivalidity to all things digi, that go laly is takeover from steve ballmer at microsoft, i reached out the alan m malalley asking is true? there were dots in there charlie gasparino should be here. some do we see? i don't know. who do you think? do you think that means he is staying or leaves at ford? we'll talk about the ford microsoft story coming up. >> but first blackberry and j.c. penney, we talked about them yesterday knowing you needed to watch the name with horrific weeks, but which stock has the w

dow jones average now down 108 points. top of the hour that help the market come back a little. 29 of the 30 dow stocks are down. just one of them is unchanged, that is intel. top left. intel unchanged. a couple of right spots. one of them is oil. down $1.56. that could imply lower gas prices to come. the other is interest rates, the yield on the 10-year treasury down 2.63%. no change, but down over the course of the last couple of weeks. if not for netflix, would "breaking bad" be as big as it has been? $400,000 for a 30-second ad during last night's finale. pretty good for a cable show. the show's creator thanked netflix after winning the emmy for best drama last week. a lot of fans caught up through streaming video. netflix even changed the way amc does business. look at what the networks chief says. "technology advances made movie channels less necessary, so we embarked on a mission to convert our channel to one once with original programming." look at the stock, straight up this year. i want to bring in charles and ni

the dow's down, newly configured, down 71 points.s on last wednesday, 1693. so we're not quite back to a erasing all gains we got after hearing no taper but on our way there. >> some people saying it was short covering, maybe there wasn't anything substantial to it. rates, which tell us what's going to happen, indicate it might have been a little bit of the case but not the whole story the taper's coming and many people think it will be this month. >> here's what you missed earlier on. >> welcome to "squawk on the street." here's what's happened so far. >> i can tell you obama care is affecting the job hiring picture. with in the numbers it's a feching small and medium size business, they're not going to hire until they know what costs are going to be. >> this was one where it's so far reaching, i want to buy u.p.s. not many are shipping this thing. this is a major change and you have to factor it in to the consumer, that's how much this is in terms of gdp spending, i'm not kidding. >> you listen to what we're saying about apple. it

down about 43 points on the dow. 15,407. pulling back even further from that record high reach just last week. take a look at nasdaq. we're also seeing some selling here, down about 5 1/2 points on the nasdaq at 3769. s&p 500 reaching an all-time high last week, in the red along with all the other averages, down just about seven points or so. scott? >> maria, stocks are in the red. a fed officialing expressing concern about the economy and one expressing concern about the fed's credibility. extraordinary stuff. steve liesman has details. it is extraordinary. >> these are extraordinary comments from three fed presidents today. we begin with richard fisher, who said the white house has, quote, terribly mishandled the process for picking the next fed chair. the dallas fed president saying the choice of the next fed chair should not be a public debate and he said vice chairman yellen, one of the front-running candidates for the job to be picked by president obama, is wrong on policy but what make a great chairperson. fisher reite

dow down 45 points. that's about the low for the session. that's about it.llback. gold has been a stellar performer. dollar has tanked. gold up -- now, this is pretty much a continuation of yesterday's gains. this is is not another $57 gain on top of what we had yesterday. this is more of the same here. still puts us at $1365. are we -- keith bliss is with us. >> yes. >> are we at the beginning of a new leg higher with what's going on here? >> i tell you, some of the quantitative work we do and the data we look at, it's a possibility. i mean, i know a lot of people have been out talking about an overbought market right now. we just don't see it that way. there's been so much momentum that has been built into the market already on this move. and we don't see an overbought market on the s&p until we get up around 1740, 1745. which i know is right in target with a lot of brokerage firms for this year. >> we were just talking to liz ann saunders at charles swab. i said aren't we do with a bigger correction? she said there's no due necessary in the market. sentim

gaithersburg and fred dow chemical down 5 as winchester cumberland coming at 54 and we led for 40s suburb tonight. unclear to partly cloudy skies it has been a little bit breeze out there. it will drop just a little bit as get towards down and we head towards 5 here in city. so cooler than average monday but spectacular day don't leave home without sunglasses sunny cool, upper 60s in north and west of sound these temperature actually a little built below average for this time of the year. we wrap up with your fox five accuweather seven-day forecast no 90s we don't even have any 80 sphd we pretty much ball to wall sunshine as temperature gradually climb into upper 70s toward ends of week. and look like a spectacular week as we ground we will take if. week three started out differently for redskins. but, end result, well, it was another loss. our loss we have look at what's up ahead sports extra. not good day? not it was not. it was where personal foe an maine a a against lions-ful

dow off by 40 points nasdaq off by 40 points. by the way, down date. 18% for the dow and 24% higher year to date for the nasdaq. let's get to our panel. thank you very much for all of you for joining us today. it's a special show, of course. david, i'm going to get to you because you're sitting on set with us. what do you expect and what would rock the markets and keep them even keeled? >> i expect them to stick to ben bernanke's original plan which he announced last june. they will be done tapering by next june and reducing bond purchases to about $75 billion at a monthly rate between now and the next meeting. $10 billion reduction in monthly purchases between now and the next meeting and the rest of the pace is going to be asia dependent. >> to follow up on the first part of my question do you think that would keep the mark even kiehled because that is factored? >> i think it will in the short run but in the long run the implication of the fed moving a trillion dollar of purchases does push interest rates higher and express confidence and that

tracy: let's look at who is up and who is down right now on the dollar. the dow is down 15 points.ore red and green on the screen. we will be right back. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh,h! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? bounce keeps my clothes fresh for weeks, even when they've been sitting in the drawer a long time. like those jeans you can't fit into anymore. uh...by that, i mean... [ male announcer ] how do you get your bounce? long-lasting freshness. adam: time to check stocks one more time on the floor of the new york stock exchange. our own nicole petallid

home construction down fractionally. dow utilities down and the real estate investment trust the big loser overall down 4.1%. as for the major sectors outside, airlines hit a six-year high and we had historic highs all throughout. biotech hit historic high this quarter, defense stocks hit historic highs and the retail sector also hit an historic high. i just want to update you on the s.e.c. comment i gave you earlier. several big ipos this week and i asked the s.e.c. is there going to be a problem getting them out. this is their response. the s.e.c. will be able to stay open in the event a funding lapse because we have carryover funds available, although it is not clear how many carryover funds they have or how long they can last at this point. for the moment, though, we've got three big ones tomorrow. burlington, remax and empire realty all pricing tomorrow night. back to you. >> all right, bob, thanks so much. so which sectors and stocks won and lost big this quarter? dominic chu has that covered for us. >> september is do

dow down 112 points.espite the talk about how the emerging markets will lift all boats caterpillar which makes its living off emerging markets is the worst performer on the dow down 2.74. >> my mind about to explode at all those numbers. the republican house passed a bill to keep the federal government from shugt down. the democratic senate wilkl kil it. income holders for members of the military and most government workers. in tourism, national parks and monuments would be locked. business travel, passports and visa applications stalled. student loans stopped. by the way, members of congress would still be paid. >> meantime looking at president obama throwing sharp jabs at congress at a kansas city area ford plant saying if the u.s. does not raise the debt ceiling we're, quote, deadbeats. let's get down to john harwood in washington. another dig at congressional republicans. this debt ceiling fight feels similar to the last ones but also in some ways feels different because the republicans are now fighti

down here. we'll keep an eye on that. want to note the changes in the dow are today. three stocks are going in. goldman, visa, nike. three are going out. we'll see all here in companies indexed to the dow jones industrial average and have to change the weighting around. that will create volume at the close. bill and maria, i'm not entirely sure, but this might be the biggest volume day of the year. it's going to be one of them. i think it will probably be at the close. the gain is to make changes in indexes and not materially change the prices. we'll see if that happens here. this is the game here. that's a lot of stuff for the market to deal with at the close. >> we're still looking at gains on the week. that's a positive. joining us, stephanie, ken mahoney, jim lowell from adviser investments and our own rick santelli. thanks for joining us. stephanie, let me kick this off with you. what's your take post no taper. how do you want to allocate? >> i think september will continue to be a volatile month. we had to get through a lot of things. so far we've gotten through

. >> a midday dive and the shares took down the dow and brought a host of other stocks down with it. why walmart matters so much, and why it may be the one stock you need to watch more than any other. >>> the price is right. or is it. new information tonight on how much health insurance may cost you on those new exchanges. >>> and stuck in a rut? manufacturing has been booming. but now some smaller shops they think may have peaked and that could be a troubling sign for job growth. >>> we have all that and more tonight on "nightly business report" for wednesday, september 25th. >>> good evening, and welcome. call it the walmart effect. if there was ever, ever any doubt about how much walmart matters to the economy, to the stock market, to suppliers and competitors, those doubts were put to rest today. walmart shares took abrupt 3% dive midday yanking the dow down with it after the press report said the company is cutting orders to suppliers amid sluggish sales and rising inventories. take a look at an intraday chart of walmart and zero in on that drop. right there, around 1:30 p.m. ea

the dow down about 13 points right now, so you probably are going to see less when you check your statementi'm del walters coming to you live from new york. as always the news comes to you at the top of the hour. ♪

that could be one more factor that has pushed the dow down. ws conference. we got the two-minute warning four minutes ago. the president has not yet appeared, but he will. i want to recap the market. i want to recap the jobless numbers for you as well, that may come up in the news conference we are about to see. the unemployment rate went down 7.3%, the lowest rate since december 2008. why did it go down? because the labor force shrank 300,000 people. the smaller the labor force, creating some new jobs, unemployment rate comes down. and now this. vladimir putin says he will continue arms sales to syria even if there is a strike. i think president obama is now speaking, let's listen. president obama: i want to thank the people of russia for hosting the g20. the city has a long and storied history including historic resistance and extraordinary sacrifices during the second world war. i want to take this opportunity to slip the people of st. petersburg and express our gratitude for their outstanding hospitality. this summit marks another milestone

cheryl: the dow down 67 points and interesting story stocks in the market, i want to start with home wn 5 points but the story is the health-care exchange began oct. first, home depot will support time workers, 20,000 workers over to the exchanges and whether that will work we will find out. the glitch is happening there. i want to show you a hewlett-packard really quick, 2151, gain of $0.20, the impact of 1.5 points. the bears are winning on wall street. it is a quarter after time for stocks, from the floor of the stock exchange our birthday girl, nicole petallides. online shopping. would you do it if it was tjx? nicole: why not? why shouldn't teach amax, certainly has made it in the last conference call, the ceo talks about the fact that they made a conscious effort to move forward with the site, this is another tribe. they gave ago in 2004, short-lived site back then but now once again trying to not only see if existing opportunities to shop t dagen: on line but also to attract new customers, that was what the ceo said on the company earnings call so they have t.j. max, also other

we're down 160 points. the dow is down 3/4 of 1%. mponents to the downside all day. this is not one sector, it is broad based selling. however what is interesting is trade remembers keeping an eye on washington. it doesn't seem that the markets are moving that dramatically, we're watching the vix, the fear index moving to one monthis is n the s&p 500 going forward. october is traditionally a tough month on wall street regardless. so that's another factor we'll continue to watch. will the jobs numbers come out on friday? all of these things are wildcards. today is the last day of the month, the last day of the quarter. sometimes it means volume or volatility at the closing bell as well. so we have a lot of things we're following in addition to our storied stocks that we have different stories for each company. so there's a lot going on wall street but right now it is the washington showdown but we'll see not only today until the midnight hour plus october 17th, the debt ceiling. so a couple of things we're juggling here, just a few. ba

dow down 61 points.&p going 5 for 5. >> let's start off with a couple of movers in the after-market section. jabil disappointed the street in terms of guidance for the current quarter. they are a supplier to big tech companies like apple and blackberry. another big earnings report hitting the wire after the close, bed, bath and beyond, posting profits to beat expectations. facebook made another run at a record high but fell just shy. we got as high as $49d $49.50. facebook bulls are getting a boost here by coverage, analysts at canaccord has a new buy rating and slapped a $60 price tag on those shares. >> thank you so much. >>> cisco shares have been outperforming the broader market in the past year. up better than 30% on cisco year to date. company recently announced a potential game-changer in the world of connectivity. will this also be a catalyst for future growth in the company's bottom line? i'm joined by john chambers, cisco ceo. >> good to join you. >> i'm here with eric schmidt. also looking for

the dow down 53. the nasdaq down 8.wn 7. >>> the canadian smartphonemaker blackberry announced they are selling out to fairfax financial holdings. this puts the price tag at $4.7 billion. fairfax has 10% of the company's shares right now. fairfax's ceo says he plans to operate blackberry has a private company. >>> s it what a record- -- it was a record-opening record for apple phones sell since the phones went on sale on friday. >>> the sacramento kings are set to make a big announcement about a former nba great, joining its ownership group. the kings will formally introduce shaquille o'neal tomorrow. he has acquired a minority stake in the team under its new owner. shaqer to month meanted the kings with the -- toremented the kings with his career with the lakers. he wants to stay in sacramento rather than move to seattle. >>> changes are coming for disabled visitors at disneyland. starting oth 9th disabled guests won't be able to jump to the front of the line. instead, they will receive tickets with a return time and s

the dow was down -- intact. the dow was down 40. the reason is the investors wondered if the fed feel the economy is in worse shape than thought. the nasdaq moved 5 points higher. >>> the postal service might need an emergency rate increase to stay afloat. the urgent request may come despite a one-cent rate increase on first class mail that took effect in january. first class mail is now 46 cents for the stamp. the postmaster general says the agency is in the middle of a financial disaster and will lose $6 billion this year. a decision could be made next week. >>> another round of job cuts is coming to san francisco- based wells fargo. wells fargo is cutting 1800 jobs citing a slowdown in business. the cuts are nationwide. it's not clear if any jobs will be lost in the bay area. just weeks ago the bank eliminated 2300 jobs from the same unit. >>> in a few hours, apple stores will open up to these long lines and fanatics will get their hands on the long- awaited iphone. people in palo alto were in it for the long hall bringing lawn c

most world markets were down today and the dow lost more than 128 points. elaine quijano is looking into this. >> reporter: the dow's down day didn't create a rush of worried investors at this charles schwab office in midtown manhattan. but the company's top market analyst, liz ann sonders, expects the mood to change. >> given this latest dysfunction around the potential shutdown and the debt ceiling fight i would expect another hit to occur to consumer confidence, business confidence and probably even investor confidence. >> reporter: investors paid a price during the last shutdown. the s&p 500-- the stock index of the nation's biggest companies-- fell nearly 4%. stocks rebounded after the end of that shutdown, up 10.5% the next month. but the markets may not be as resilient this time. the washington standoff sap it is faith investors and businesses have in a recovery that appears fragile. >> they're less willing to take risk. by risk i mean long-term capital spending projects, long-term hiring. so they tend to make these short-term decisions and it doesn'

the dow down 185 points. nothing like starting off the week with an exciting german election. >> well, yes. you're very excited about what merkel has managed. three times she has the chancellorship in germany. it's quite an achievement. but she has a mighty challenge. although germany is exporting billions of dollars worth of goods and has low unplace of employment, the rest of europe is mired with many problems. europe's debt crisis, while on the back burner, is one of the priorities that merkel had a resounding victory in this election over the weekend. >>> back to home news. it's about the mobile operators. and the handsetmakers. looks like blackberry is pulling the plug on consumer operations. it's going to concentrate on selling services to business and its top-natch security software. they hope this will turn around the company. some of the analysts are skeptical. >> as blackberry continues to go down the road, who knows what their business will look like in a year or so. the iphone, even though everyon

cheryl: right now the dow down 4points. -@could be the third day in a rw down for the dow and s&p.ouple sectors really geting a lot of attention, in particular, back to the banks. with all the changes to the dow, we'll talk about this in 20 minutes with another panel, i want to show you how some of the regional banks are doing, a lot of analysts say don't want big banks. watch smaller names like pnc or suntrust. wells fargo is considered one of the bigger names. going back to the banks overall, as you can see they're doing well. here are the three markets, dow, nasdaq, and s&p down a little bit. let's bring in nicole petallides from the floor of the new york stock exchange. you're looking at nicole. >> looking at blackberry, under pressure again, cheryl. let's look at the stock for just a moment. trading $8.35. a far cry from the $11 range when we were talking about blackberry being a takeover target not too long ago. down 4.2%. this is news in the latest quarter they will take a charge of nearly one billion dollars, with underperforming sales there and what's interesting, we talk

selling pressure in the market.stocks staged a modest sell off as traders took home profits.the dow down 50 gold fell 10 dollars an ounce and oil dipped $1.33 per barrel. president obama will speak to members of the u-n today. he will likely seek diplomacy in the syria situation. the presdient of iran will also be speaking. the chicago tribune reports citigroup is cutting 1,000 mortgage jobs.and chrysler has filed for an ipo. the company is partially owned by fiat. let's get the ball rolling this morning with michael gurka of spectrum asset management. he 's on the floor of cme group. good morning micheal, it's been a while. > >good morning. > >what do you think is behind most of the buying and selling in the market right now? what are some real market moving catalysts out there? > >clearly the market is still getting a lot of euphoria out of the bag here from the letdown by the fed last week. you saw it in the markets yesterday as the s &p was down. the broad market was down. crude oil down over a dollar and of course metals themselves. so this risk off trade is back on and i think also

the dow down 93 points, down 6 on the nasdaq and 7 on the s&p.ction with bob pisani and kenny. there's talk in the market there will be a stop gap measure that will keep the government for an extra week. >> extend the pain. >> prolongs it. for what reason? ultimately we realize it's going to have to happen. they have to come up with a decision. why they are going to prolong it. do your job and get it done. it's not like they haven't known this day is coming frustrating to investors, port follow managers and the market. >> we're tired of becoming policy wonks on discussing washington politics. the dow moved up a little bit, put the s&p up. we blipped up a little bit because when that headline came out that perhaps they're discussing a one-week stop gap bill, market moved up a little bit. i want to put up the vix here and one thing that's interesting to note is that even before this, we're close to a government shutdown and the vix, put it up interday, the vix has been dropping all day because the market still is convinced this is somehow not going

the whippy trading session ended with the dow down 14 points, the nasadaq up 1 and the s&p unchanged. gold gained $16 dollars. and oil had a burst of buying surging above $110 dollars per barrel. also making headlines.. according to the wall street journal apple is shipping low end iphones to wireless carrier china mobile. the wall street journal also reports-- johnson and johnson is considering selling it's a slow growing blood testing unit for $5 billion dollars. the market on edge. the possibility of a u-s military strike against syria is creating tense trading in stocks and commodities. this week, the senate begins debate and will likely vote on a resolution to use force against the syrian government in retaliation for a suspected chemical attack on the syrian people. house leaders are said to be waiting for a senate vote before taking up the matter.. president obama is set to speak to american's tuesday about his decision to use force. wall street has one other concern beyond the potential airstrike-- the crisis in syria may delay president obama's decision on who may replace ben

the dow was down 39. the nasdaq down -- dow down 49. ysler is reluctantly preparing for an initial public offering of some shares. the plans for the ipo come after chrysler failed to reach an agreement on the value of the stock by the trust run by the uaw. the trust pays healthcare costs for 130,000 retirees. the trust would get the proceeds from the ipo. >>> the calendar my say its autumn but things are heating up in washington where congress is wrangling over funding the government. they have to figure this out. let's find out where and how the debate could impact the economy and your retirement savings. with more on that cbs news business analyst jill schlesinger joins us. tell us where do negotiations stand now, jill? >> reporter: okay. it's a bit like a ping pong match. last week the house passed a bill that keeps the government open for business. but it eliminated funding of the affordable care act. now, this week the senate is expected to restore healthcare funding. then send a stand-alone continuing resolution to fund the governm

down grades at default? >> the last time this happened in the summer of 2011, the dow went standard and pours down graded the u.s. credit rating. for the first time ever the dow went down more than 600 points in one day. 24r* were three weeks of triple digit swings. now five months later they were back to where they began. they did recover. this is much more serious. >> now, we are talking tomorrow night about only discretionary spending would stop and not mandatory spending. the military is paid and foot stamps and all of that. only nonessential workers, federal workers which one could argue is redundant would be furloughed. a lot of people say we need to do that. >> that is absolutely right. the government should be smaller. the economic impact of that is not so great. it is not that many people that will be laid off. it is more the fact the consumers will lose confidence. if they stop spending that is very dire for the economy. >> consumer spending is the engine of economic growth. it accounts of 70% of the gdp. people out there are going this makes me really worried about my 401k. >> wall street in the p

we are trading lower with the dow down one point with small losses. con valley index is down a quarter of a percent. mention time you shop at macy, look to see if this guy is in the score, the c.e.o. has been paying surprise visits to macy's surprising the store managers to see if they stock merchandise that appeals to local shoppers because consumers have been cutting become on clotsing and accessories. >> thanks. from britain, prince william is officially leaving the military to focus on world duties and charity work. the dow is a father, of course, a new father to baby prince george and completed the final shift as a search and recuse pilot after seven years in the military. he and his wife will move to the palace in the next few weeks. >> now the forecast. mike? now we will see what is going on outside, seven years and retire on people's money, how about that? ten miles per hour in concord with a sea breeze and the depth of the sea breeze is up to 2 mis200' and the moisture is up which is why we have the drizzle. you will run interest slick streets

dollar is moving against some of these foreign currencies on a day with the dow down 123 points. dollar down. dollar up. it marked down. euro, lb, canadian, peso, japanese yen. it. tracy: it is expensive in your homeland. totally. we will be right back. ♪ nascar is about excitement. but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. life's an adventure when you're with her.and i. but your erectile dysfunction - it 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 doctor about all your medical conditions and m

the dow jones industrials were down most of the day until about 1:36 p.m. eastern.hen it slightly turned positive. that was shortly lived. we are holding onto a gain of just about two points. will this seven-day rally, two an end? disney is a rocket that has been trying to boost the dow. we have shares of disney taking off at about 3.25%. the company plans to buy back six-eight. you have to follow through to make sure companies actually follow through. disney moving higher by $2.08. 66.01. let's take a look at the s&p 500. first-time jobless claims. this is the number that you want to see come down. any number below 300,000 is certainly encouraging. the lowest number since 2006. much of the duck line, as we have dug into this, was due to technical problems and processing the data. two states in america were changing over technology when it comes to processing the claims. we will get a better read next week. investors are looking at a bunch of issues. disney likes pandora right now. the sound to name former microsoft executive as ceo and president. nicole petallides,

, dow down 61, s&p lost 5, nazdaq fell 7.steady through there week. joining me now with his outlook and perspective. lou lehrman. i market that is struggling despite naysayers, what is your outlook? >> all about the federal reserve system, whole world has bought idea you don't fight the fed, there is a good precedent to believe in that. lou: i know you are no fan of this fed but i have to say ben bernanke is surprising all members of the consensus. that was hil hilarious they were sniffing and stamping their feet, saying you can't do this, you have to take your 10 to 15 million out of the bond purchase program. it was great fun to watch. >> we live in a world now, which you have asset bubbles for the rich. 51 spored by -- sponsored by federal reserve system, and food stamps for the poor. a middle class that is losing purchasing power. we have one institution in washington which is really operating with a policy that is the federal reserve system, a policy men to create stock market booms, real estate booms, all to the benefit

tech heavy nasdaq faring a little better down one-tenth of 1%. on the dowst of the names in the green. a couple are squeezing out games such as intel and costco, but the most part bowling, nike, coca-cola, exxon all lower. jcpenney lowest level since 1929, facebook new high, tesla new high. the big story is about the potential government shutdown for today. tracy: we will see you in a bit. a ton of news over the weekend. we're going to get to our monday headlines. joining us to weigh in, liz macdonald, david asman. first up on the brink 12 hours away from a government shutdown. the government is expected to meet for more than two hours. if the clock runs out with no deal to get the government funded, who take the fall? dennis: the republicans will. the obamacare was already past so for republicans to say we're not going to fund the government unless you derail some that already passed and already approved, republicans will look bad here. liz: i think they both do. they took a five and half week vacation this summer and put the country back again into a shut

down about 31 points on the dow as we approach the close. >>> will the s&p 500 on track to snap a seven-daye'll have the final minutes of the trade. looks like it may do that. down, as maria said, about seven points. >>> russian president vladimir putin doing something president obama has been unable to do. bring republicans and democrats together. >> i was insulted. i've always believed by way of opinions, i probably said more than i should have said. but you got the truth. >> somebody else wants to weigh in on that. donald trump is going to react to putin's op-ed piece on syria in "the new york times" today. here's a hint. he's not very happy either. >> really? that should be interesting. >> he's coming up. before global opportunities were part of their investment strategy... before they funded scholarships to the schools that gave them scholarships... before they planned for their parents' future needs and their son's future... they chose a partner to help manage their wealth, one whose insights, solutions and approach have been relied on for over 200 years. that's the value of trusted c

checking the dow down 93 points and the nasdaq down eight. s&p down eight. that's one of the key items where they look at what's happening here. from the labor department, we get the minutes of the last federal reserve meeting and policy makers decided not to end the economic stimulus. that will be released and on october 17th, we have the dead line to make a deal to raise the debt limit. now while the markets are heading down ahead of the possible shut down, analysts say losses could be temporary and stocks would recover well when washington resolves a fisk 58 crisis in the last shut down that lasted three weeks. the s&p 500 intext fell nearly 4% and rose nearly 10% over the following month. when congress was fighting over raising the debt ceiling and they lost the credit rating, the dow tumbled 1700 points and took months to recover. shifting gears totally, would you believe things go better with apple? apple is the new most valuable brand in the world according to a closely watched report from the group for the last 13 years. coca-cola has been the number

kelly, with the dow down now 69. we've still got to get through german elections. >> we've still got to get through the next hour of fed speak. >> the dow has lost 2/3 of that fed day balance, which we were all excited about on wednesday. good weekend to you. >> you, too. >> let's get back to headquarters. >> welcome to the halftime show. four hours to go until the close. let's take a look at where we stand on this friday on the sheet. the dow is down nearly 71 points. s&p and nasdaq are negative as well. here's what we're following on the half. view from the top. an adviser to some of ubs's wealthiest clients gives his outlook and where to invest right now. eye of the tiger. a julian robinson disciple is here with what he's buying, selling, and shorting. glen is our guest host for the entire hour. the traders are also here. pete, steve, and josh. let's get right to it. dow has given back 2/3 of its gains from fed day. so that's it? the euphoria is over? that's it? >> look, i've consistently maintained that a taper wo

the dow down 127 points. the nasdaq dropping 10 and s&p 500 closed down about ten point. despite today's pe formans, the market is still higher for the month. let's go to steve handelsman on capitol hill. steve, where do we go from here? >> reporter: we go back to the house. the ball is in john boehners hands. there's a plan for obama care. the details are instead of cutting off funds, it would invalidate or delay the individual mandate, which is the crux, the linchpin of how obama care would work requiring all or almost all americans to buy. it would delay the mandate for one year. it would delay congress taking advantage of aspects of obama care which republicans hope can pass the house tonight and jam the senate later tonight into passing it. harry reid says he won't be, and these are quotes. he won't be slapped around or bullied to keep government running. that's a democrats no before the house votes on the new boehner plan. >> all right, steve handelsman big day, long night. thank you. stay with news 4 and www.nbcwashington.com as we look at this and how it might imp

the dow down 4.5%. the ftse currently

dow is down a hundred and 49 points. we are expecting a sharp drop.l bring you more numbers sent from austria.wall street. >> kron4 jackie sissel is a live with more information on the bart's strike. >> this is the question, the legislation is stating that transit workers should not be able to one city councilman is pushing for this. let's go to the video. he is running for state of some zero passed out fliers for a proposal to ban transit workers from striking red as we approach this deadline is about 10 days away. they are expected to be back at the table at 9:30 a.m. to hash out or potentially work for this problem, but as far as the strike goes, will be supported? i had a chance to talk to a couple of people to see if they would support this. >> i will support this 100 percent because we need this in the bay area. it is for safety and everything else. it is critical for them to retain. >> i do not know. there are a lot issues. i think anything that affects the public should not be subject to striking. >> we are expected to see this councilman out

the dow continues to be to the downside down 53 points at the moment.hether or not we end the day because it would be a big deal, we vane seen that for the s&p 500, five straight days of selling this year. >>> talk about noble corporation, a different picture. there is a winner for you as they look to spin off older drilling rigs into a thank you company and make an initial public offering next year and see initial valuation for premium assets. the stock is a winner. adam: nicole, thank you. lori: san jose is the latest city to be on the brink of bankruptcy but there is a plan that could haven't ali save san jose an a court is expected to rule on the plan. what is the chance of it working and san jose surviving? let's bring in manhattan institute steve malanga. what is the problem in san jose? is that what we've seen in san bernardino and stockton, overloaded pension obligations. >> pensions and pressure on budget. 10 years ago they were spending 74 million every year out of the budget and now they are spending 250 million. they cut the workforce by 1,0