hampton pearson has been following the developments. at are some of the details, hampton, of this reported budget deal? >> reporter: well, even as we speak, tyler, the house gop conference is meeting to discuss "the october aagenda." and what we're hearing as far as possible details of this tentative bipartisan budget deal, it sets spending limits for the next two years through the fiscal year 2017. there would be higher spending on both military and domestic programs to be offset by savings elsewhere. also a possible medicare part b fix protecting millions of seniors from major increases in their premiums and deductibles. also there's a cautionary tale from the white house today. "nothing is agreed to until everything is agreed to." that from white house press spokesman josh earnest. >> so next week's debt limit deadline, that's what the bond market is worried about. this budget deal, if indeed it is inked, does it lessen the tlaeft a government default? >> reporter: the reports we're getting is we may in fact get a separate attachment,

hampton pearson has more from our nation's capital. >> reporter: the 2015 supreme court term finds biginess hoping for favorable decisions from the roberts court. in two high-profile cases that could curb costly class action lawsuits. >> there is a feeling i think among some members of the court that the lower federal courts have turned too far in the direction of helping out plaintiffs. and they are wanting to look at that. >> reporter: the most hon high-profile case involves tyson foods. they're looking for the justices to overturn a $5.8 million judgment because they failed some 3,000 employees at a pork processing plant for the time spent putting on and off protective gear. at issue is just how many of those employees were eligible. >> in the tyson case many of the employees worked nowhere near 40 hours a week, so even if they spent 15 minutes donning and doffi doffing ufrms they won have been entitled to overtime pay. >> another case involves the internet search engine spokeo. it's being sued by a virginia man for publishing inaccurate information. the individual admits there was

hampton pearson has the story. >> reporter: there will be no cost of living increase next year for theearly 65 million social security recipients. with cheaper gasoline leading the way, government data showed an overall drop in prices last year. by law social security recipients only get a cost of living increase if prices rise. the obama white house took note of what it described as the unintended consequences. >> the administration is aware of this frankly unintended policy consequence. >> reporter: the 38 million-member aarp was less diplomatic saying the government's inflation market basket shortchanges seniors. >> older americans spend much more out of pocket on health care, food and housing than do younger workers. and we need a market basket that reflects that reality. >> reporter: meanwhile, at least 7 million seniors could see their health insurance premiums skyrocket. their bills for medicare part b, the insurance that covers doctor visits and outpatient care contradiction increase by more than 50% next year. health policy experts say it's all connected to a social security p

hampton pearson takes a look. >> reporter: ahead of the september jobs report tomorrow, cost currents from the economy. headline weekly jobless claims up by 10,000 last week, topping 277,000, but the more closely watched four-week moving average dropped to just over 270,000. a 15-year low. but a surge in announced layoffs last month in energy and high tech is raising concerns the job expansion may be nearing an end. u.s. firms announcing plans for nearly 60,000 layoffs, mostly in the computer sector, with hewlett-packard accounting for nearly half the job cuts. according to a closely watched private sector survey. >> but one of the things you start to see as you get near the end of a period of expansion but before it really turns su start to see major layoffs occurring, big mega layoffs like we're seeing now. so the layoffs aren't that heavy but they are on pace to be the heaviest since 2009. >> reporter: earlier this week a closely watched private sector survey says employers added 200,000 workers to payrolls last month, matching the consensus forecast for overall job growth. the aut

for "nightly business report" i'm hampton pearson in washington. >>> the number of homes that went under contract last month fell. the national association of realtors reports that pending home sales dropped 2.3% to the second lowest level of the year. that is the second consecutive monthly drop. the national association of realtors attributed the latest decline to a shortage of home listings. >>> the number of americans filing new applications for unemployment benefits rose slightly last week. jobless claims were up 1,000 to 260,000, a level that remains consistent with a strengthening job market. this is the 34th straight week claims were below 300,000. >>> from the u.s. economy to china, where the leaders of that company approved a five-year plan that sets new growth targets and aims to double the size of the economy by 2020. as a way to stimulate the economy the government abolished a major social policy. eunice yoon reports from beijing. >> reporter: china has decided to end its policy restricting most families here to one child. instead, all couples across the country will be able

hampton pearson has more on this disappointing labor report. >> reporter: american employers sharply cut back hiring in september, and the government revised job growth downward by 59,000 for july and august. meanwhile, job growth for the last three months is averaging just under 167,000 compared to just under 200,000 per month for all of 2015, much to the surprise of the leading wall street economists. >> if you get the jobs report like this, then people are starting to think, geez, you know, this could actually be a negative quarter. >> it's hard to see anything good in those numbers. >> the economy i think is clearly weaker than any of us would like it to be or thought it would be. >> reporter: headline unemployment remains at 5.1%, but that's because many americans stopped looking for work and are not counted as unemployed. president oba says economic weakness overseas is weighing on american job growth. >> although the american economy has been chugging along at a steady pace, much of the global economy is softening. we've seen an impact on our exports, which was a major driver

and as hampton pearson tells us, it's another blow to a sector that has already fallen on hard times. >> reporter: legislation signed by california govnor jerry brown gives the state's two largest pension funds two years to divest their investments in coal companies. environmentalists say this is an important market signal on climate change. >> this is a strong vote of no confidence in the future of fossil fuels. it puts a value on our obligation to protect future generations from the dangers of climate change, and it puts a price tag, if you will, on the dangerous climate pollution that driving climate change. >> an estimated $100 million is invest the in coal mines, in pension funds for public employees and teachers. their total assets top $475 billion. the head of the california pension fund says it will begin negotiations with major call companies about their portfolio holdings. a statement reads in part, "climate change represents risk and opportunities for a long-term investor like calpe calpers." but pension investor experts say the future developments for state workers should

our hampton pearson with reaction to this. hampton. >> the message of him seemed to be really for both audiences. to his fellow colleagues. you know, he was saying things like the house is broken. we need to make changes. among other things, committees should initiate the legislation. if you know the subject, write the bill. picking up on what you were just talking about, feeling like he is carrying the message for all the americans to the members of the house, they see chaos in washington. it would be refreshing if we, ie congress, get our act together. also he talked about internally there is a possibility if you air differences in a fair game where all sides get a hearing, a respected minority could become constructive, but he is ready to take on the challenge, and carl, one last note. i am told social media-wise, ryan has changed his handle. it's@speaker ryan is his new twitter handle. >> appropriately so. hampton pearson in washington. when we come back, we'll get "squawk alley" started. the ceo and founder of go pro nick

kayla. >> hampton pearson in washington. hampton, thanks. when we come back, what millenials in silicon valley want to hear from the top candidates in tonight's republican presidential debate. we'll talk to a top organization backed by big names like mark zuckerberg and bill gates on the other side of this short break. . >>> good morning, everyone. i'm sue herrera, and here is your cnbc news update at this hour. nbc news reporting that the white sheriff's deputy who was caught on video flip aing black high school student out of the classroom chair in columbia, south carolina, will be fired. the announcement is expected at a news conference at noon. >>> activist investor carl icahn is urging aig to split up into smaller companies, saying the insurance provider is too big to succeed. icahn says he has a large stake in the company, but was not any more specific. the stock is up about 3% on that news. >>> mexican prosecutors say they have carried out search warrants in three states and seized 11 small planes in the search for escaped drug lord j

hampton pearson has the story live from washington for us today. hampton? >> hi, sara.ake no mistake about it, this is a landmark move by california with big implications for investors. now, environmentalists are claiming it's the first time pension funds here in the u.s. will be divested because of climate change. opponents say, however, lawmakers micromanaging state pension fund board investment decision is not good public policy. but yesterday california governor jerry brown signed into law a measure that requires california's two largest pension funds to divest their investments in coal companies by july of 2017. coal investment estimates by calpe calpers, the state investment fund, come in at $100 million but those two funds have combined assets totally $475 billion and, yes, coal has been taking its lumps in the commodities markets. the dow jones coal index is down more than 50% in the last six months. now, the head of the pension fund in california says now that the governor signed the bill, they will begin talks with major coal companies about their portfolio ho

now here's hampton pearson with a cnbc market wrap. >> thanks, steve.d stocks finishing with modest losses. the dow was off by about 13 points. declines in ibm. the s&p ended lower by two points, the nasdaq slipping 24. shares of yahoo are sinking after hours. fourth quarter guidance also disappointed. and results from chipotle failing to impress investors. but revenue was in line. same store sales were also a touch light. the stock is volatile in late trading. that's it from cnbc, first in business worldwide. before earning enough cash back from bank of america to take their act to the next level... before earning 1% cash back everywhere, every time... 2% back at the grocery store... and 3% back on gas... vince of the flying branzinos got a bankamericard cash rewards credit card, because he may earn his living jumping through hoops, but he'd rather not earn cash back that way. that's the spectacle of rewarding connections. apply online or at a bank of america near you. on your medicare look part d prescriptions. at walgreens, we call that "carpe med di

but first let's go over to hampton pearson with the cnbc market wrap. >> thanks, chuck. we had stocks ending lower. the dow is off by 49 points, the s&p shedding 13. the nasdaq falls by 42 points. >>> intel shares are volatile after hours. the company reporting revenue and earnings that meet estimates after the closing bell. >>> meanwhile, earnings from jpmorgan fell short of expectations. revenue was light and the stock is lower in late trading. >>> and twitter shares rose 1% today. the company says it's cut more thanning the cutting more than 300 jobs or 8% of the workforce. that's the latest from cnbc. [touch tone] introducing freeze it, from discover. it allows you to prevent new purchases on your account in seconds if your card is misplaced. not here... ♪ and once you find your card, you can switch it right on again. hey...you're back! [touch tone] freeze it, only from discover. get it at discover.com. plan well and enjoy life... ♪ or, as we say at unitedhealthcare insurance company, go long. consider an aarp medicare supplement insurance plan insured by unitedhealt

. >>> but first, hampton pearson has your cnbc market wrap right now. >> this is your cnbc market wrapocks moving higher today, the dow climbing by 122 points, the s&p up 15, the nasdaq adding 42 points. that's it from cnbc, first in business worldwide. and i'm still struggling with my diabetes. i do my best to manage. but it's hard to keep up with it. your body and your diabetes change over time. your treatment plan may too. know your options. once-daily toujeo® is a long-acting insulin from the makers of lantus®. it releases slowly to provide consistent insulin levels for a full 24 hours. toujeo® also provides proven full 24-hour blood sugar control and significant a1c reduction. toujeo® is a long-acting, man-made insulin used to control high blood sugar in adults with diabetes. it contains 3 times as much insulin in 1 milliliter as standard insulin. don't use toujeo® to treat diabetic ketoacidosis, during episodes of low blood sugar, or if you're allergic to insulin. allergic reaction may occur and may be life threatening. don't reuse needles or share insulin pens, even if the needl

. >>> up next, a preview of tomorrow night's cnbc republican debate, but first, let's go to hampton pearson market wrap. >> stocks in the red, the dow falls 41 points. s&p down by 5. the nasdaq sheds four points. shares of twitter are sharply lower after hours. revenues and earnings beat estimates but fourth quarter guidance disappointed. sending the stock down about 10%. also reporting after the bell, apple, the company's results came in better than expected. it sold 48 million iphones and nearly ten million ipads during the quarter which was below expectations. shares are slightly higher. that's it from cnbc, first in business worldwide. reflexes faster than the speed of thought. can a business have a spirit? can a business have a soul? can a business be...alive? [ male announcer ] pain not sitting too well? burning to feel better? itching for relief? preparation h offers the most maximum strength solutions for all hemorrhoid symptoms. from the brand doctors recommend most. preparation h. don't stand for hemorrhoids. from the brand doctors recommend most. the great beauty of owning a prop

here's hampton pearson with the cnbc market wrap. >> hello, kate.oday. the dow was up by 122 points, the s&p gaining almost 16, and the nasdaq rising by about 42 points. that's it from cnbc, first in business worldwide. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. ...intercourse that's painful due to menopaus

let's go to hampton pearson. >> this is your cnbc market wrap. winning session for stock.ds 29. nasdaq jumping by 87. earnings from citi group beat estimates. revenue fell slightly short. filings for weekly jobless claims dropped by 7,000. the lowest since november 1973. >>> and the consumer price index fell .2 in september as gas prices slipped. it was the biggest decline in eight months. that's it from cnbc, first in business, worldwide.s ta is sec, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. plan well and enjoy life... ♪ or, as we say at unitedhealthcare insurance company, go long. consider an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company... always have a plan. go long. technology empowers us it pushes us to go further. special olympics has almost five million athletes in 170 countries. the microsoft cloud allo

but first, hampton pearson with the cnbc market wrap. >> thanks, steve.with slight gains. the dow adding just 14 points, the s&p up a fraction, the nasdaq climbs by 18 points. one big winner today, weight watchers. oprah winfrey is buying a 10% stake in the company and joining its board. shares surged a whopping 105%. ibm stock is moving in the other direction. earnings were better than expected, but revenue fell short. sending shares down sharply after hours. that's it from cnbc, first in business worldwide. wait, i can freeze my account. [touch tone] introducing freeze it, from discover. it allows you to prevent new purchases on your account in seconds if your card is misplaced. not here... ♪ and once you find your card, you can switch it right on again. hey...you're back! [touch tone] freeze it, only from discover. get it at discover.com. or building the best houses in town. or becoming the next highly-unlikely dotcom superstar. and us, we'll be right there with you, helping with the questions you need answered to get your brand new business started. w

let's get to hampton pearson. he has the story. >> joe, by a vote of 266 to 166, the house has passed the bipartisan budget act of 2015. we had 79 republicans joining the 187 plus democrats to pass that two nif year budget deal. it means no government shut down or defall or big spike in medicare premiums for millions of americans and loosens the spending for the pentagon and domestic programs by an additional $80 billion over the next two years. suspends the debt ceiling of 18 trillion plus until march of 2017. basically putting that off until after the election. among the more interesting list of revenue-raisers that would be of interest to our audience, auctioning off more than $4 billion worth of broadband spectrum, selling 58 million barrels of oil from the strategic petroleum reserve to raise $6.5 billion. and it is supposedly going to be easier for the irs to audit large partnerships, including hedge funds, that could potentially raise about $11 billion. of course, this buys time for incoming house speaker p

we have hampton pearson live from washington. t chairman of the house getting ready to speak, what will -- the speaker of the house, excuse me, what will you be listening for as he tries to unite the party behind actual policy? >> i twha we'll be listening for is for paul ryan to amplify his message of pledging essentially that the house of representatives will -- if you will, obviously now the passing of a two-year budget deal buys them some time to reform the rules as far as the budgeting process, get an agenda together. let's see if ryan can get an outline of how his speakership will be different than that of his -- of john boehner who, by the way, in his farewell remarks, emotional. fought back tears on a couple of occasions. his advice to his successor, believe in the long, slow struggle. john boehner's words to his successor going forward. boehner, a man greatly relieved, and you see him getting now the appreciation of a lot of his colleagues. we have a little more ceremony involved. actually, nancy pelosi will get to speak

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