and then you take a look at gannett. you can see that march period of course where the stock dropped very, very low. let's leave it there. up a lot since then. and that is also the case for "the new york times" and even mcclatchey. now in both those cases, the stocks are off their highs for the day. as you can see, "the new york times" had been up 10% earlier. we've talked so much about the problems in what we call old media. moving to the web trying of course to take your advertiseers with you and take the same rates with you while you continue to lose subscribers and you're still cutting down trees to print a paper every day. it's not a great business to be in. buyout packages announced. mcclatchey, suffering from that huge acquisition of knight-ridder, but that's been a huge quad druping from the bottom. so got that going for u mentioned xerox a number of times today. there's xerox, it they're happy to see that a few things to keep in mind. we've talk and them already, the majority shareholder vote is needed to acquir

it is gannett, folks. it's having a great affect on the newspaper group today. they forecasted a great quarter. about three weeks early. interestingly, there's an 18% short interest against gannett, which is up 225% so far in the third quarter. talk about sweating it. you're going to have to put newspapers on the floor if you're short gannett. take a look at cit. the "new york post," we tip our hat to them. it's moving the stock up to $1.85 is story is that john paulson may merge cit with his acquired indy mac bank. after the close, a number of stories we'll be watching. a tip of the hat goes to zz. and nike strong ahead of those numbers. >> quick break and then back for the last call. >>> and a look at why it's challenging to reform health care in america. this is my small-business specialist, tara. i know landscaping, but i didn't know how wireless could help my business. i just don't know how wireless can help my business. tara showed me how i could keep track of my employees in the field and get more jobs done faster. i was blown away. i'm blown away. only v

gannett has been moving to the upside and all the newspapers. the drugstore companies have been moving as well. brian shactman, we still can't get in positive territory on the nasdaq. >> we're down. i want to start with goggle. their official company blog talking about google wave. it's supposed to put e-mail, instant messaging, document management, social network all into one package. the news is they're going to expand their testing. it's not ready to launch, but they're inviting a bunch of programmers and developers to expand the testing. research in motion finally getting a bid. just crushed, it was basically down 20% in three days' time. up 2.4%. oracle also up 0.4%. some chip names, it's a mixed bag. on the flip side of that, we have a situation where there's some weakness in the chip sector as well. intel is down 1.1%. applied materials, there's been a lot of positive buzz around this stock, down 1.3% today. also just want to point out, dell down 2.5% and cisco, which had that upgrade yesterday, had that huge, huge run up, it's giving bac

but maybe there isn't anymore. >> gannett, by the way, finished the day sharply higher. that's interesting. a drop here for disney. down 2%. joe? >> a little end of quarter profit taking. you could still be long the mouse house. >> we've got a pop here for jefferies. up 1% today. guy? >> want to mention another ceo that's still there. richard handler. i think it goes to 29. >> a pop here for citigroup. according to reuters, the bank will be giving away bob dylan's yet to be released christmas album entitled "christmas in the heart." citi customers enrolled in the rewards program will be able to download tracks off the album a weerk before its release with dylan's proceeds going to charity. >> that would be good for you, but you don't know how to download. >> i don't. i don't want to know. >> you want it on vinyl. citi, send guy vinyl. >> you guys know i still have a record player, the stylus, the whole thing. absolutely. >> coming up next, the sector trade on biopharma into swine flu season. you're watching "fast money" on cnbc, we're first in business worldwide. >> anno

new york times, ap, gannett, hearst, advance publications, the reporters commission on free press, there are a lot of people who do support this. as i mentioned, there has been a lot of this going on for a long time. but it seems like there's something historic the important here. could you address that in a more long-term historical perspective? >> it is safe to say that since 1913, as a political issue, the fed has by and large succeeded in the politicizing itself. that -- in depoliticizing itself. the technocrats can handle this better than regular americans. that means that. most -- that is the politicians by march have not paid attention to the fed. one presidential campaign that -- that is the politicians by and large have not paid attention to the fed. that is until one credential campaign that i can think of. efforts have been tried in the past and have failed suggest that this is a historic moment. the arguments made against the bill are a lot of scare tactics. the federal reserve is not used to being under this kind of public scrutiny. i discount the bunch of academic economist

same with gannett. you know what a disaster the newspaper businesses have been, they have great earnings and driven by lower newsprint costs. big newspaper companies moved to the upside. the important thing is we are looking at a new high. who would have thought that. when you look at what they had to say about the advertising business, they said business is not particularly good. we are getting results driven by cost cutting. >> real changes. it is amazing. >>> take a look at the other business headlines. the consumer confidence index unexpectedly following to 53.1 because consumers are worried about the tough labor market. economists were looking for a small increase. the case shiller home price index shows home prices increased for the third month in a row. down 13% year of year. we will look at how much of an impact the first-time home buyers credit. >>> 51% of ceos expect their company sales to increase in the next six months. 40% believe they have to cut jobs in that time span and 49% said they ex

but gannett, the single best performer in the s&p 500 this week up 17.3%. the broadcasters up 7%.all very strong. the belief, the hope there is that advertising and the economy are recovering. "new york times," meredith, scripps, mcclatchy, all in the hated portfolio. sunsetting business, some would say, maria. but man, good stocks. >> thanks so much. i love the numbers you crunch and all the great data points matt comes out with. now let's go to the nasdaq marketsite. melissa lee is there more on what's coming up top of the hour "fast money." >> it's been the best week for the market since late july but have we stalled out here? we'll head to the charts, give you the outlook specifically for the nasdaq as well as for one technology stock that will be on everybody's radar next week and that is research in motion. we've also got an exclusive interview with the labor secretary, hilda solis on the jobs recovery in america. and we'll talk google. is it headed to $500 next week? we'll bring in a top-ranked internet analyst for his take. all that and much more top of the hour on "fast m

new york times, ap, gannett, hearst, advance publications, the reporters commission on free press, thereare a lot of people who do support this. as i mentioned, there has been a lot of this going on for a long time. but it seems like there's something historic the important here. could you address that in a more long-term historical perspective? >> it is safe to say that since 1913, as a political issue, the fed has by and large succeeded in the politicizing itself. that -- in depoliticizing itself. the technocrats can handle this better than regular americans. that means that. most -- that is the politicians by march have not paid attention to the fed. one presidential campaign that -- that is the politicians by and large have not paid attention to the fed. that is until one credential campaign that i can think of. efforts have been tried in the past and have failed suggest that this is a historic moment. the arguments made against the bill are a lot of scare tactics. the federal reserve is not used to being under this kind of public scrutiny. i discount the bunch of academic economists

meredith versus gannett. both media stocks. up 17% on a week to date basis. meredith, fifth consecutive day. magazine's websites, local tv office depot, down. second day down from one-week high. and also, check out the stock with the longest name in the russell 1,000. allskr allscrippshealthcaresolutions, holy mackerel, it's up from overweight to neutral. initiated above average at karas. boyd gaming, 16 casinos, from buy to sell at argus. they like the cost cut and the market share game. they run the local gambling, not the destination casino as much but to you. >> thank you, matt. >>> senate democrats struggling to gain support for health care reform. whether they can get that has come down to one person. senator olympia snowe. she spoke to one person about what she's thinking. john harwood has that information. >> everybody's wondering whether or not olympia snowe is going to perhaps provide the 60th vote on the legislation in the next few weeks. she's not yet saying how she's going to vote. when i sat down with her yesterday, she offered encouraging clues