cnbc's hampton pierson live in washington, d.c. with more details and how futures are trading this morning. good morn, hampton. >> how you doing, laura? futures are higher after yesterday's sell-off. that was sparked by disappointing earnings from the likes of 3m and dupont and the drop of commodity prices oil and gas impacting energy stocks. the dow had its third worst day the year. the fed wraps up its two-day meeting this afternoon but isn't expected to make any major changes in its policy. we get data on manufacturing, new home sales and earnings from att, boeing, eli lilly, delta and us airways. the dow dropping 243 points yesterday to close at 13102. the nasdaq losing 26 to close at 2990. facebook stock rose more than 14% in after hours trading last night on the back of the company's positive earnings. revenue rising 32%. slightly better than expected. the social networking giant may have figured out how to make money from people shifting from pcs to mobile devices. facebook made $153 million from the sale of mobile ads. that

. >> let's go to our hampton pearson with breaking news on the deficit. hampton. all right. we're going get to hampton in a second. >> we'll wait on that breaking news. >> yes, exactly. >> in the meantime, less than an hour to ago, this trading day, is the dow going to go lower for the fifth session in a row? a five-day losing streak may not be a huge red flag for some people, but pension partners says u.s. markets are behaving in a way that suggests either a correction or something more severe may be on the way. >> in today's "closing bell" exchange, we have pension partners and our own rick santelli. michael, the signals that the markets are sending, boy, it's been going on -- hold on, folks. let's go to hampton pearson with breaking news on the deficit. >> michelle, from the treasury department and the omb, the final results on the 2012 deficit, and here are the highlights. the fy-2012 deficit was $1.89 trillion, $207 billion less than the 2011 deficit. the 2012 deficit came in lower than previously forecasted as the treasury department and omb. $121 billion less than for

roads you're aware of the impact of the military's spending in hampton roads. you're aware of the potential devastating impact of cuts either slow cuts or dramatic cuts. >> reporter: in this battle ground state the issue is on the minds of voters eyeing close races for the house, senate and white house. president obama and former governor mitt romney's campaigns have devoted time and money here in hopes of securing its 13 electoral votes. both candidates have made repeated visits to the region. in fact it was here along this working waterfront lined with military vessels where governor romney introduced his running mate to the nation. in the closely watched race for the second district here, a seat that has switched parties twice in recent years, republican congressman has had to defend his votes for the automatic cuts that were part of the resolution to the debt ceing stalemate last year andrgue they have since worked in the house to protect defense spending from being cut. >> i think we need to remember that we are right at the precipice of an economic seriou

thank you very much, hampton. scott cohn, our correspondent in lower manhattan, has just been hit with the storm surge. this is the area around the new york stock exchange. he joins us on the phone. scott, how bad is the flooding. >> michelle, it's pretty bad in the tip of manhattan. when we spoke to you, we were in battery park. we knew we were taking a calculated risk but did not expect the water to come up as fast as it did. just about when i sent it back to you at top of the hour, i found water lapping around my feet well away from the river. that water came up very fast, and if you know manhattan at all, i can tell you the staten island ferry terminal, that's the part where the people go in, is now, if it's not flooded it's close to it. there's almost certainly water in the subways now. they had sandbagged the subway entrances down there, but we had to high tail it out of there very fast as the water was rising. i've covered quite a few hurricanes that. may be one of the most harrowing experiences i've ever b

good morning, hampton. >> how you doing, scott. after that rough day yesterday, futures are higher after the big sell-off. that was sparked by disappointing earnings from the likes of 3m and dupont. a drop in oil in gas. the dow had its third worst day of the year. the fed wraps up its two-day meeting this afternoon but isn't expected to make any major changes in policy. we also get data later on this morning in manufacturing, new home sales and earnings from att, boeing, eli lilly, delta and us airways. yesterday, the dow dropping 243 points to close at 13,102. the nasdaq losing 26 points to close at 2,990. the cost of a higher education continues to rise. the college board says instate tuition for a four-year public school rose $400 this fall or about 5% to an average of $8665 a year. that's up modestly from past years. if you include room and board, the total cost averages about $17,860. the price tag for a private school, $39,518. however, only about one-third of the students pay full price, if you factor in student aid, grant,

hampton? >> reporter: hey, scott. you saw president obama and mitt romney clash on coal and energy policy, one of the first flash points in the debate last night. here in virginia, coal is at the heart of energy power politics in this battle ground state. details coming up when "fast money" continues. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. sleep train's best rest event is ending soon. don't miss your chance to get sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort, even tempur-pedic. and rest even better with slee

this is a barrier island, the hamptons which is out here, this is dune road, and this is fire island. this red for our purposes today means if they get what janice and everyone else is predicting, this is a 6' to 11' storm surge, this road which is a house on one side, house on the other side, bay here, ocean here, the ocean moves into the bay and washes it out. the dune should handle a category two. but this is a fall of water and the storm has been churning along like this and coming and coming and coming. it is in the middle of the bathtub, and like your hand is in the bathtub it is pushing the water, it is pushing across the ocean and it gets here suddenly there is a wall of water and the storm surge i have seen it dozens of times, the storm surge shows up, you have been watching for it hours and hours, you get a little water and suddenly there is a wall of water. they think they can go from this much water to way above here in a matter of minutes. that would in theory come over the dunes along fire island, and along dune road, back in the hamptons, flood over this and into this b

. >> we are in hampton road, this is the region with a huge military presence, and a local economy that is heavily dependent on defense spending. >> my name is sean, and i am a machinist and mechanic on the usa roosevelt. >> i am thomas bell, the business manager for local union 79. >> two men both with military backgrounds,. >> i am not afraid to stand up for my country. i put my life out for 20 years and i'm not afraid to do it again. >> no party has a lack of patriotism -- on it. i'm a u.s. army veteran. >> you can see the island house. >> they work in related fields. >> when i was in desert storm, i guided a lot of these aircrafts in on targets when we were taking out the enemy. >> i would like to say we don't build the ship, we build the shipyards. >> they support different candidates. >> barack obama. >> republican. >> but this is about improving a damaged economy. >> i will concede and say okay bush did it. president obama said he was going to fix it. >> we can't do anything if we don't have a job. all of the other issues kind of get, fall secondary because if you are not able to

we will have a look at the current conditions in north hampton, new hampshire. >> i am in north hampton, new hampshire, where the rains have eased up global -- a little, but the wind continues to whip things up. one of the concerns along the seacoast is the tidal surge. astronomically high tides expected at around noon and midnight. that could lead to some beach erosion and some minor flooding. new hampshire is only anticipating about one-3 inches of rain. -- 1-3 inches of rain. the wind gusts are expected to go from anywhere from 50-60 miles per hour. that could lead to extended power outages throughout the state. utility crews have been brought in from as far away from wisconsin and texas. utilities tell us they are ready. they are already dealing with some power outages. hundreds have been reported. hundreds of schools have closed today in anticipation of problems along the roads. the worst is expected to hit around noon. once again at midnight -- until then, the crews are on standby. the governor has not declared a state of emergency, but he has mobilized 100 members of the new hamp

>> he was speaking at hampton university-- >>> speaking -- he speaks differently. why? >> he was relating to them directly. >> sean: relating to them directly. >> white politicians, black politicians, people do it in front of jewish groups or italian groups-- >>> they change their accent, cadence i. [overlapping dialogue] >> let me tell you something, politicians do this ripeatedly [overlapping dialogue] >> that's a dodge. >> it's not a dodge. you are playing a race card now i. no, we are not! >> you tried the redistribution video, it fell flat-- >>> wait. let's stay with the video. before, you are giving me spin here. let me ask you this i. no, i'm not! i am trying to speak to you honestly. >> sean: he is saying that white america... he is describing a racist, zero-sum game society i. oh, sean? >> the people of new orleans, they don't care about black people -- within days, the american people had baby formula, blankets, food, donations. and that quote, we ought to be interested in minority-owned business, taking money out of the suburbs and put it in our neighborhoods

in court in an action targeting a romney two thousand and twelve campaign fundraiser at the south hampton home of billionaire david koch about two hundred activists came out in protest of the pervasive role of koch money on policy making. the corners of the sparrow project had no idea that their action to bring attention to the issue would result any huge smear campaign from the koch brothers p r arm the smear tactics madonna not only attempt to call into question the organizers credibility it would seek to bully the journalist simply for reporting the truth hear talk more about this and the effect citizens united is having on campaign finance in the elections i'm joined by andy. a core organizer of the july protest and co-founder of sparrow media dot net andy thank you so much for coming on things you have to me so before we get into the koch brothers protests and everything that happened afterward talk a little bit about what the sparrow project is well the sparrow project is a p.r. agency that myself and the few friends of mine put together essentially filling a vacancy that activists

so from a readiness standpoint and i think equally important for virginia, especially hampton roads,irginia and swing states like florida, new hampshire and virginia, to lose what's estimated to be 200,000 jobs in hampton roads and around the state because of these defense cuts, $1 trillion over the next ten years, with sequestration, that's how that comment's being received in virginia, and obviously we're not very happy about it. >> just factually speaking, governor romney's comments that the navy is at its lowest point since 1916 is false. you're aware under president bush the navy was actually smaller and surface warships under president obama have gone up 10%. >> the broader point is i don't know how many times we dip below 1916 but there is a broader point, anderson, and that is if the defense department says in their quadrennial review which is the bible that we need 346 ships and today we have only got 287, and the president at least infers that whether it's technology or anything else, that we still don't need any more, that's factually incorrect. >> we're actually building

quote obama's other race speech and some two thousand and seven when then senator obama spoke at hampton university in front of a crowd of mostly african-american asters and ministers and here's what the president said that was so controversial according to fox so-called news and the rest of the right wing media machine. when hurricane andrew struck in florida. people said look at this devastation. we don't expect you to come up with no money . here's the money to rebuild when i go away for you to scratch it together. because you're part of the american family. that haven't done a normal. whereas your dollar. just suffered as money. makes no sense. tells me the bullet have them and taken out. tells me that some of the people down in new orleans they don't care about as much . yeah obama accurately pointed out that when hurricane andrew hit mostly white parts of florida the federal government waived the requirement for local matching funds for rebuilding but when katrina hit mostly black new orleans the bush administration still wanted the city to pay the matching funds the state in fact

northbound 123 near hampton road, a paving operation.rfax county parkway, north of lusby road, there's a short closure on the northbound side for a paving operation. at the latest. >> popular website gets a face lift before the holiday shopping season. >> of $13 electronic reader. john has details. >> on ebay makes big changes in time for the holiday shopping season. the online retailer's new book resembles pinterest. a new service provides same-day delivery for items purchased from on ebay as well as participating retailers. 3m has a new screening process with a stick that provides instant access to roku video, co>> you now have access to several channels while on the go and you can projected onto a wall or a flat surface. >> the project for its $300. a german company and build the world's cheapest electronic reader. it putrefy inch screen and enough memory to store five books. $13. man on radio: release the pumpkins. releasing the pumpkins. catch the great taste of pumpkin before it's gone. hurry into dkin' donuts and grab a pumpkin mu

. >> if to track the storm from new england all the way to hampton roads virginia, millions of people will be impacted. we do not know how many customers will be out. we know that if be forecast holds together, we will have an extended period of winds a 50-60 miles per hour. a lot of trees in washington. the trees will affect the power lines. tomorrow will be the peak critical periods. >> how many people have you brought in from out of state? >> we have requested over 2500. we brought in about 500 folks yesterday. there are only so many folks to go around. we have about 400 in place now. we have 1400 people prepared for the restoration effort. >> i know you brought in all of the people. how about handling the phones and all of the customers calling in? >> absolutely. i am one of about 1500 people at pepco. customer care has ben beefed up. we have more folks on the phone. we have more people inside the service centers. we have men and women that provide all of the operation and support for us. we started this about 48 hours ago. we have more people on deck prepared to answer those call

let's check in with cnbc's hampton pierson. he joins us live with more on that and the rest of the day's business headlines. >> we have u.s. markets trading lower. after a weak forecast on the asian economy. we've got the dow down about 43 points. the world bank is how the wioutw forecast that says asia's economies won't grow as much as expected this year. and could worse be and last longer than expected. the world bank forecasts a 7.7% gdp for china this year. exports to asia have been one of the few bright spots for the sluggish u.s. economy. stock in united health group has been up nearly a dollar. on news the health insurer plans to spend about $4 billion on a major brazilian health services provider. walmart and american express are teaming up to provide shop earps with a reloadable prepaid card. it's an alternative to debit and checking accounts with no minimum balance. it allows for deposits by smart phone and mobile bill pay. bluebird will be available next week at more than 4,000 walmart stores nationwide. tomorrow's t

during the speechh to a mostly african american audience at hampton university, the then "senator" ofailing to ive the same viccims of hurricane kaarina in new orleans....as it did for dissster viccims in other c. cities. 3 (4:22) (obama) "whats &phappening in new orreans wherrs your dollar...makee no sense carr abouu as muuh......" crittcs complain the president was suggesting the ggveenment had maliciously discriminated against new orleans. the obama campaign ssys the video is merely a deeperate attempt to inflame voters...just hours before he debate.. jeef to see more oo president baltimore ot com and click on you can watch the presidential debate tonightton fox45 starttng at 9 p-m.and you can facebook dot com slash that also starts at nine. bate. a new child abuse law in delaware has some paaents objecting. one phrase in the law... whichhdefines physical injury to a child as any impaarment of physical condition or pain....the delaware family policc ouncil calls it a ban on parental spanking.but the attorney general says thh old laww peeded to be changed... because it was difficult

we are going to check with in hampton with a look at sandy by the numbers. hampton? >> how you doing, barbara? with wall street closed for a second day, we thought we would give you the numbers tied to the impact of hurricane sandy. they are pretty amazing. 60 million people impacted. power outages at the top of the list. estimated 7.8 million people from the mid-atlantic to new england. it could be days to weeks before all those customers get their lights and power on. way too early for damage estimates. the range for insured losses from $6 billion to $10 billion. at the high end of the number would make sandy the fifth most expensive in hurricane history. the impact on this total economy, $20 billion. wall street is dark for a second straight day, as we said. we are told the exchanges are testing contingency plans in hopes of resuming trading as early as possible. tomorrow is the end of the month and important day for mutual funds. barbara? >> thanks so much. i know it's going to be an expensive recovery for everyone. >> the numbers are staggering. >> okay, see you

jackson drew on that event to take retrospect of the british army at hampton every bosom that glows with patriotism will be inspired by directly invoking rape to prod the men to action explicitly said the war of 1812 was a fight against british sexual tierney as a struggle for any definition of liberty. in fact, jackson and eaton spread around a false story of english to privity in your lands to arouse americans to patriotism in the aftermath of the war. february 161815 when the house of representatives for a of a general resolution of thanks jarret ingersoll took to the floor to this stage exclaimed "for the first time during a long arduous session we can all feel like. we are all of one mind to leap up to the embrace of the other. why? his success was known for one week but ingersoll had a new piece of gossip word had just arrived that rate was the reward of victory. there without example never has there been disparity of law. it electrified the capital with the most extraordinary defeat. this is my best to get at link in my book and trace the rumored to the source the myth sent the me

>> jimmy: when i first saw it i'm like, okay, i don't understand like -- this girl moves to the hamptons is the dad gives her a box with all these things -- he gives the daughter the box and says, "here's all the people that did this to me." >> yes. >> jimmy: "and i want to you take revenge on all these people." >> i'm sorry. i'm flashing. >> jimmy: whoa. >> am i flashing? >> jimmy: is that where my tissue went? is that where -- [ laughter and applause ] i got -- no, no, hey -- i just -- ♪ sorry, i just got to tweet something really quick. this is just -- instagram this. oh, my goodness. [ laughter ] i lost train of thought. thank you so much. oh, here you go. back on the forehead. okay, here he is. oh, my gosh. so, here -- here we are. let's set the stage for everybody. >> yeah. >> jimmy: so, then you kind of -- you play the evil -- the woman that masterminds kind of behind what went down. >> something happen -- >> jimmy: no, no, i would never say that about you. is it tricky playing the villain? >> it is tricky because -- >> jimmy: 'cause you're fun. you're a fun person. >> oh -- thank

it was given by then candidate obama to clergy at hampton university. they say it's class warfare and full of racially charged speech. however, the obama campaign is dismissing the criticism. they are saying the reairing of these old clips is simply just an attempt to change the conversation away from those secretly recorded comments by mitt romney that surfaced two week ago with things that he had had to say about americans who do not pay taxes. >> the presidential debate starts tonight at 9:00. you can catch it right here live on fox 5 followed by live coverage and analysis on fox 5 news at 10:00 and also the edge at 11:00. >>> bad weather forced the plane carrying vice president i don't bide ton delay landings two times yesterday. while approaching the charlotte international airport, the pilot abruptly pulled up and had to circumstance follow more than a half hour because of thunderstorms. it caused mr. bideen to be late for a campaign event. later, fog forced the plane to land the dulles international instead ever andrews air force base. >>> maryla

the first of a speech then senator barack obama gave back in hampton, virginia, in 2007. the conservative website "daily collar" says it, "obama's other speech. the barely recognizable obama." claims government spends too much on suburbs, not quote, our earlier neighborhood. here now with remarks on how response to hurricane katrina differed from hurricane andrew and for 9/11 attacks. >> down in new orleans where they have not rebuild a year later, there's money you can get from the government called the staff ford act. and basically it says when you get federal money, you have to give a 10% local match. the government has to come up with 10%. every $10 federal government comes up with, local government has to come up with a dollar. now here's the thing, when 9/11 happened in new york city, they waved the safford act saying we can't ask new york city to rebuild. they said, here's $10 and that was the right thing to do. when hurricane andrew struck in florida, people said, look at this devastation. we don't expect you to come up with your own money. here's the money to reb

the 40 minnte video was shoo innjune of 2007 at hampton university in associated press.orters are now claimmnn the timing of the release is suspect. &pthere's a new head of f-b-- operations in baltimoree stephen vogt haa bben naaed as f-b-i field office.vogg ty's starred with the agency in 19- 89.his most recent assignment was in afghanistan. ptreet in little italy.we shot this video of albemarle petween styles and fawn can see, a sinkhole about the size of a car opened up in the street.this section of albemmrle has been shht down. no worddon when the inkhole will be fixed... or when the road will reopen. a brave dog in rhode island purvives n 11-hour ride... in the grill of a car. priver going 50-mills-an-hour hit ttis dog without realizinn it. the driier then cruisee for 11 miles... before someone she was kind of wedged in there with the license plaae and the license plate cover. ammzingly... thh doggwas nearly unscathed. the dog has a collar and a microchip... but the owner still hasn't 3 3 3 the orioles ggt dominated by tampa bby's pitcher last night.... but still ma

smith is liie in hampton with more. more.&3 3 hhlloween is canceeed... for some folks in weet virginia. viiginia.that's becauss decorations are bbried under 2 peet of snow. blizzard-llke conditions... by - of jack-o-lanterns.... kids -3 are getting in the halloween snnwmen! 3&if you're looking for a spook place to visit today... you don't have to travel far. far.accordiig to "trip advissrr... ellicott city is ooe of the 10 spookieet citiee in the country. pountry.that's because paranormal activity has een peported at several placc in town... including the lilburr mansion... and the foomer chhrch road..heetravel site on says there have been reports of ghost siggtings in bbth of those places. for aa even spookier placc... maasachusetts... which is ranked the spookiest city in the country. coming up... a new "star wars" movie... is now in the worrs. wwrks.we'll tell you when it's expected to hit theaters... and why this one ight not bee áquiteá like the others. you're watching fox 44 good day baltimooe. (((ump ouu)) i got it when my internet here. [ man ] i

we are here in hampton, take a look behind me here, there is definitely some water that is overflowing the banks. this is the jones falls here, right under the jfx, some of the businesses in this area, and the parking lots are flooded here because the water is rising over it's banks here. this area is no stranger to flooding for the businesses and homes here. they have experienced problems with other storms in the low lying area. the city department of transportation has closed several roads and intersections because of flooding. this includes clifford mill at meadow mill business park. mayor stephanie rawlings blake request, police officers and emergency responders are basically out on the streets this morning to respond to any problems. they have stopped by here, a couple of times, we have seen them patrolling the area, it's all in an effort to keep people safe. the city received a number of calls for downed trees and power lines and flooding. yesterday the mayor, she announced a mandatory travel restriction for roadways. that restriction began last night about 6:00 and runs until to

thanks, hampton. how will this battle play out?ndrew fieldhouse is with economic policy institute. he says allowing social security tax cut to expire puts too much drag on the economy right now. alex is an economist and research fellow at the american enterprise institute who thinks the tax cut was and still is a bad idea. andrew, why should the payroll tax cut be extended? >> it's premature to withdraw any fiscal stimulus at this point. both sides of the aisle are concerned now that it will push the economy back into a recession. it's important to understand that expiring ad hoc fiscal stimulus is the biggest economic drag within the so-called fiscal cliff. you are looking at shaving about 0.9 percentage points from real gdp growth next year. you need $100 billion worth of stimulus to mitigate that drag. policy makers have to keep the economy moving and fiscal stimulus is the most effective way to restore full employment. >> alex what about you? i know that you don't like the concept to begin with but is now the time to take it aw

phil is two months later, she actually got drugged again, taken to the hospital out in the hamptons,nd her little young friends had to call me to come and get her because i was sitting at home with her parents and her brother so it is kind of funny that two times two months apart, she was drugged, overdosed and pumped her stomach. and, yet, i was with her parents the second time and wasn't home the first time so i'm kind of curious how i was able to do that from 60 miles away. >> i never blamed him for the second one. the second time i was out at a club and somebody poured something in my drink, supposedly. that is what they said. >> there is a common denominator but she refuses to tell the truth. >> two times, just so we're clear, the fact is that happened within two weeks of each other. >> here is my concern. while you two are going through all of this, and you've smashed doors down, stabbed him with a pen, he's wrestled you on to the couch. you said, sitting on top of you. >> right. >> yes. >> so all of this is going on and you all have a daughter. you have a daughter in the middl

atherton in california's silicon valley, sagaponack in new york's hamptons, and san francisco suburb hillsborough rounded out the top five. any of your second or third homes, bill, in there? >>> well, the yanks reach the brink and some superstar sauce sells for big bucks. plus, u.s. soccer heads to the final round of the world cup qualifying. your sports headlines are straight ahead. >>> lynn, you know i'm not comfortable talking about my incredible wealth on tv. your forecast is coming up. a little active in the middle of the nation. you're watching "early today." >>> in sports, first we head to detroit for the a.l. championship series. the tigers delmon young hit a solo homer. miguel cabrera had an rbi double. and detroit ace justin verlander pitched shutout ball through the eighth inning. the 2-1 win makes game 4 sudden death for the winless yankees. >>> check this out now. a racing catamaran capsized in san francisco bay while practicing for the cup race. the boat just tumbled end over end. >>> to football now where eagles head coach andy reid fired defensive coordinator juan cas