hewlett-packard isn't just personal computing but it's printing and consulting.consulting goes, take a look how well their competitors are doing. the companies i work for, i pray they see the light and go apple. hewlett-packard is a huge company with quite a hold on the tech budgets of big corporations. but the company will eventually will ripped out of the enterprise. you can't have something that young people hate prevail forever. funny thing, younger people, they get older. and they take the reins from the relics who jammed dell and hewlett-packards down our throats. so good luck to the new team at hewlett-packard. you've been dealt one terrible hand. i don't see a way to improve it in time to win for the shareholders or to win any way at all. stick with cramer. if we wantnt to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so

hewlett-packard isn't just personal computing but it's printing and consulting.ters. each machine has a different cartridge type i never remember the number when i get to the store. as far as consulting goes, take a look how well their competitors are doing. i pray that those companies that the companies i work for, one day, will see the wisdom and adopt apple so i can chuck these silly constantly freezing machines into the toxic waste pit that should be their -- that will put them elsewhere. hewlett-packard is a huge company with quite a hold on the tech budgets of big corporations. but without a cell phone and tablet, the company will eventually be ribbed out of the enterprise. you can't have something that young people hate prevail forever. funny thing, younger people, they get older. and they take the reins from the relics who jammed dell and hewlett-packards down our throats. so good luck to the new team at hewlett-packard. you've been dealt one terrible hand. i don't see a way to improve it in time to win for the shareholders or to win any way at all. stick

no matter who won, you don't buy hewlett-packard.

moody's may be going to cut the long term rating of hewlett-packard.

an earnings warning from hewlett-packard could weigh on the market today. hpq lost 13% of its value yesterday, after the ceo lowered expectations of company growth. also on trader minds - the oil tank. oil prices dipped below $88 yesterday. investors have a new view on netflix. that stock shot up nearly 11% on postive anlaylst comments. and marriott stock gained some points last night. the hotel chain topped earings expectations, but offered lowered profit guidance. larry shover of sfg alternatives joins us now for a closer look at the trading day. good morning to you. will oil be the big story of the day today larry? > > it could be. keep in mind oil dropped over 3% yesterday. we found out the refinery margins are higher, inventories are at a 3-month high right now. i hate to break the news, but i don't think we're going to see oil going much lower from here. > > what about the stock market? it feels like stocks are at a standstill. > > right now the pain train seems to be going higher. new york stock exchange came out yesterday reporting that volumes are

i would include hewlett-packard. generally at hewlett-packard has destroyed value over five, six, seven years, just like the board has destroyed value at kodak, the board has destroyed value at r.i.m. boards need to be held accountable and the people on the board have changed over time but nevertheless this is a lot of upheaval and a lot of back and forth on hugely important strategic choices. >> do you see tim larts that hewlett-packard, eastman kodak, dow components, brand names, that's what i've worried about in the past, that's going to be the end game? >> obviously i hope not. i have great affection for the company and own stock and have friends there but i guess the reason i bring kodak up is because kodak is a reminder that even a great company with a great brand name can lose its way and run out of time. and that's why strategic alternatives have to be considered. >> you must have some pointed ideas about what to do. it's one thing to criticize a company and this company has been clearly criticized. it's anot

under no circumstances regardless who have wins should you buy hewlett-packard.he bottom line on the debate, you can speculate on romney win after last night and adjust your portfolio accordingly. if you buy stocks with declining fundamentals simply because you think they'll get a boost from romney or obama, you're taking on an unacceptable level of risk. buy good stocks cheaply. avoid expensive ones. good or bad. and you'll do well under either candidate. james in pennsylvania. james? >> hey, jim. first i'd like to thank you for the help that you give all the small investors and give us a little bit of an edge. and my question is kraft. i owned a certain number of kraft shares. i was under the impression that it was going to be three to one and you would get lesser of the lease. it turned to be the opposite. i wonder where you stand and should i get rid of mondolise and stick with kraft? they priced out about the same. >> the confusion involving this was monumental. the exchange got it wrong. kraft didn't handle it well. we like mdlz, when i say we, stephanie li

talk about the damage hewlett-packard did for the market. it is a dow component hit very hard when meg came out and said 2013 would be a lousy year. we see it down 12% it did drag down the whole market, did it not? >> it really did, david. you have a huge behemoth. hewlett-packard is a megacompany worldwide that everybody invests in and you have them coming out 2013, dismal outlook, challenging year. they will not see acceleration until 2015. stock tumbled. worst performer easily in the dow industrials. lauren: we have a winner nicole, in netflix soaring. why are investors so bullish. >> when you look at netflix that is a winner because you have a buy rating out of citigroup. it is valuation call. more growth in the internet streaming service so that is real winner on s&p. david: we'll talk about oil in a second. what exactly caused the drop but huge drop. we're down 2%. then went down to 4%. looks like it will stay down

hewlett packard really weighing on the market. is this an indication of more to come, or is this an hp problem? many people would say it's an hp problem given the fact that the market value loss has been so significant the entire year. but are we going to hear more from technology the way we heard from hp today? >> well, maria, i think it's systemic of a lot of things we've been seeing. it kind of just tying in with what all of our guests have been saying about the fact the fed has not been able to basically rejuvenate the economy in a way they thought it would be able to. i'm hearing a lot of concerns about the fact that, you know, the fed thinks it can control unemployment when it can basically just control prices. when you look at some of those bell weather companies like hp and some of the others who have come out with warning announcements, fedex and the others, this is systematic. the other thing want to say about the fed is the lack of an exit strategy. fed has all this debt on its balance sheet. rates going to start going

in the end, hewlett-packard chose the tiny island state,sing.oin: one of the main reasons we are in singapore is because of the infrastructure. singapore is very centrally located in asia. in addition, we have very good air, sea, rail and port facilities that allow us to bring things in and take things out very quickly and very efficiently. narrator: singapore has the largest container-handling seaport in the world-- number one in sheer tonnage moved and second only to hong kong in container traffic. singapore's location on the stit of malacca puts it on one of the most important transport routes in the world. woman: singapore sits right at the tip of the peninsula of malaysia. it's kind of in between the south china sea as well as the indian ocean. a lot of ships that want to go from the pacific ocean to the indian ocean, they all have to come down through singapore and then cross over the other... to the other side. in that sense, its location is favorable. but it also has a natural harbor with nice deep water, and that has facilitated its por

you're thinking, you actually like hewlett-packard at this point. everybody else is super negative and now you're starting to get interested. tell me why. >> first of all, i think as is the wall street way whenever there's a morsel of information that's reacted to either on the positive or negative side. 3.05 a share, baseline, things don't get better. that's a situation where you have a 21% free cash flow yield, i won't get interested in tech companies when they have a 10% free cash flow yield. i think this is a good opportunity. do they not have problems? yes, they have some secular problems and they have some cyclical problems. i think some of the secular problems are never is going to be solved. some of the cyclical problems will be solved over time so i think it's attractive from 14. >> jim cramer yesterday said he could see hpq going to way of eastman kodak. is that a possibility here? >> i don't think it is because i know that situation pretty well. the deal with hp they said they had secular issues. print is going down. will continue to go d

that is hewlett-packard. world's largest technology company is unveiling its new lineup of printers today. hewlett-packard's two new products are designed to reduce costs for its users. the company hoping to get investors excited about the printing business which does continue to suffer. joining me now hp executive vice president of printing and personal systems todd bradley. todd, first a question as it relates to the storm. did you consider holding off on the unveiling because of the hurricane because the focus would be on the printers? >> hey, liz. no we didn't, actually. we certainly paid attention to the storm. paid a lot of attention to our employees and our customers and been very, very focused on their well-being, this is global launch. liz: yeah. >> and we're well down the road and very, very comfortable with the environment that we're going to launch into. liz: we should mention that hewlett-packard ships one million printers a week. that is the number i wanted to get out of there first of all, beca

hewlett-packa hewlett-packard, jpmorgan, value, value traps? >> some of them are cheap and probably getting cheaper like a hewlett-packard, like a microsoft i think even. i think the valuations there just -- they're way too expensive still. caterpillar is something -- chevron is a great name obviously, but caterpillar is something i think you look, there will be a recovery in the mining business, and i think that's shaping up for a huge 2013 in caterpillar. down around $80, $81, $82 a share where it's trading right now. i think you get a lot of bang for your buck and all you're betting on is there is at some point a recovery in the global mining picture. i think that's pretty easy. >> what about a recovery or pickup in the chinese economy? doesn't a lot of it come down to that? >> exactly. and i think if we are having a hard landing, scott, i think it's behind us. even the worst expectations for china, 7%, 7.5%, 8% growth, i think e sort of upside surprise, you hit the nail on the head. upside surprise out of china, caterpillar starts to take o

. >> hewlett packard used to matter. >> brian is long. >> i wish you luck on that. thing with hewlett-packard if you needed meg whitman to tell you growth is not there you are not paying attention. i think jim nailed this best probably almost two years ago now. they make things that people don't want. it is not an easy transition for them to get into tablets or software as a service. these aren't overnight things. you combine that with problems with management at the top there is not a lot of reason to weight in here. >> hewlett-packard people might have wanted to invest because of a cash flow but they estimates down. >> sometimes you just can't turn around a company. what was a great company in the past with great products and great technology is no longer. kodak, xerox. the question to ask is, is dell, is intel maybe not there but definitely dell, are they the next xerox? i think there is a good bet that they go down to the utility-like companies like maybe microsoft where they are old tech. they are much, much too big to innovate and become gdp-like stories. >> y

if you track this it goes back to 200e 2 basically a nine year low for hewlett-packard.g meg whitman and the cfo and the whole idea coming out of that is it is a challenging year ahead. and a rebuilding year, enterprise service revenissu falling and the outlod l is dismal which is why you are seeing stock getting hit harcka tracy: cu in 15 minutes. tracy: to keep the u.s. from going over the fidisal > cpdif. and corporate earnings will suffer. chad mopabanlander joins us. you could say third quarter or fourth quarter shot no one is doing anythintrav you at least see a second quarter next year and face of this problem. >> the fiscal drag after all is said and done is going to be about 1% so you are looking at 2013 gdp grown by 2%. lackluster 201owth. doesn't mean we are going into a recession but we dostet have th get up and go. tracy: you are expecting earnings to be lackluster. and profit numbers up pretty good. no job line growth. >> margins at an all-time high at corporations which is positive but it is not translating into job u eation. nor is it translating into pri

a. >>> let's check in on hewlett-packard. it is down 10% at $15.40.ings warning from the ceo, hewlett-packard, fun or run? >> i would run. it's been revamping itself for a couple of years. made some big dramatic announcements that it really didn't carry through on. and i don't understand why as an investor you would want to go along for a ride. this is a value trap. it is a classic now and i would stay away from this. >> you would shun, not just run. >> yes, exactly. >> kim forest, thank you very much. sue, down to you. >> we've lost most of our strength in the dow jones industrial average. granted, we were only up 40 points but we're now close to hugging the flat line, only up si

hewlett-packard or steve jobs. the seats we plant brings the vast forests of new products and new technologies and new patents in the future. that is where we have to -- we have to keep our eye on the main thought here. that is the discipline, the imagination, and the investment. that is what makes california -- that is why people are still coming here. they're not staying in colorado, i am sorry to say. they're right here. [applause] >> just briefly, setting aside plunder for a moment. >> i am sorry about plunder. it is a big part of wealth creation. >> could you talk briefly about your turn initiative? >> it is going well. mike rossi is leading the charge. i have met with what i think will be the next president of china. we have delegations from china to come here. we're sending delegations there. this is not just business as usual. we're getting detailed committees and proposals, a couple of the key states. we want good coming this way. we want good going out way. -- goods coming this way and we want goods going

in hewlett packard. that set asinis lsinins a that set asinis nine-year low. stay tuned. maria continues with the second hour of the "closing bell." i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. the market closing off of the highs of the day, butt d the dos going to avoid closing lower in the last nine sessions. apple is higher by about 1.5% this afternoon. hewlett packard, a different story. weighing on the dow today. hp shares sliding to multiyear lows. the stock is in danger of closing below $15 a share for the first time in nearly a decade. the company is one of the largest market cap losses in 2012. take a look at where we finished today. the dow picking up about 12.5 points today. nasdaq the winner on the session, up 15 points. apple represents about 19 p% of the nasdaq 100. s&p 500 high at 1451 even. the next two days will be eventful for the markets from tonight's presidential debate to september's jobs re

. >> but first, a rough day for hewlett-packard on wall street. when the silicon valley giant can expect a turnaround. >>> hi, i'm meteorologist lawrence karnow in the cbs 5 weather center. we have cooler temperatures on the way, fog not too far away. we'll talk about that coming up. ,,,,,,,,,,,,,,,, in to turn the struggling tech company around. >>> hewlett-packard's ceo meg whitman expects earnings to fall in 2013 as she works to turn the struggling tech company around. she delivered the disappointing report to analysts and invests in san francisco today. hp is coming off its worst quarter ever and is aggressively cutting costs. still, whitman warned it could be 2015 before hp's revenue growth gets going again. investors didn't like that one bit. hp stock was down 11% in midday trading. it's down about 40% on the year. overall, the markets are about even on the day. the dow is down about 12 points. >>> some students will have more options for medical school here in california. a national accrediting agency is now approving uc-riverside to open u

. >>> and a rough day for hewlett-packard. what ceo meg whitman said that scared investors. >>> and good afternoon. i'm jeff ranieri in the nbc bay area weather center. this time yesterday we had 107 in gilroy. today temperatures starting to drop. a lot more comfortable outside, with anywhere from 78 in san jose to 86 in livermore. we're going to talk more about this temperature trend and some big-time changes for your weekend. even our next chance of showers in just a few minutes. >>> 50 minutes and counting. the first debate of the 2012 race for the white house starts at the top of the hour. tonight's theme domestic policy. the 90-minute debate will be divided into six timed segments of approximately 15 minutes each. president obama will get the first question, and mitt romney will get the last word. for the very latest, let's check in with nbc's steve handelsman live at the university of denver. good evening, steve. >> reporter: janelle, thanks. good evening from a suddenly blustery cold denver, where the gold tonight is po

hewlett-packard 14.79. the obama administration's environmental policy shutting down coal plants and that means no more jobs for blue collar americans in the coal fields. we found out exactly how many jobs coal is losing after the break. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became difficult. i finally understood what serious joint pain is like. i talked to my rheumatologist and he prescribed enbrel. enbrel can help relieve pain, stiffness, an

all i can think about is hewlett packard. >> their stock was hammered. she turn the company around? >> that's not looking terribly good. when you look at hp you call them a poor man's ibm, not what ibm's hardware or service is. they're trying to get there. it's got a great history. they have too many employees. that's the problem. they need to trim. i hate saying that. i will look like the jerk, not daria, not you. they need to cut 100,000 employees. it's too fat of a company, still focusing on hardware. it should be software and services company. they want to be oracle and they're not. they want to be ibm. they're not ibm. they're not apple, don't have the product. they have over 3000 different printers they sell. when you think of apple you think of four or five products. when you think of hp you think of too many products. they have to come leaner to market if they have importance in the stock market. >> streamlining the company to workforce, its products, all around. meg is saying 10% drop next week and four to five year turn around. seems like a lon

. >> also, former hewlett-packard ceo's reaction to that story.ld she have ever sent her employees an e-mail like that one? >> then a little later, mortgage refis are booming. you think people would be spending extra savings on remodeling, lavish vacations. those days are done. our housing guru on where the money's going instead, and it's not necessarily helping the economy. >> also, you will not believe what got someone arrested at lax, los angeles international airport. the outrageous story is making everyone nervous, coming up. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? you

hewlett-packard, probably the worst bode.y the stock. this is a company that's highly levera leveraged. 20 million a day. she says they're going to have free cash flow. the company is now going to have to avoid acquisitions, given what they've said. they will not be able to make the acquisitions. and most importantly, and this is why the board and the stock is down again today, carl. you will not find true investors, long-term investors who want to invest in a company for a turnaround until the capital allocation is done in a discipline way. why this dividend wasn't cut to zero, that's the question i would have asked her. i doubt she would have answered me, but that's the question i would have wanted to ask today. >> that's a good one too. there was a question about the board. some would argue any board member involved in the actions of the past four or five years should be gone. >> in answer to your question, it should be we replaced e'er board member thfrmt is a completely new board as opposed to saying, well, we got half a

ubs recommending hp, hewlett-packard, should break up into two businesses.rise business and pc printer business. given both stocks are down some 40% over the past year, either beaten down name a buy right now? it's hp versus netflix as we start ta"talking numbers." carter worth from oppenheimer and on the fundamental side charles notel. let's look at the numbers. until recently these charts tell a different story. in the last week alone, netflix has rocketed higher. >> hlet's stay it didn't say hewlit on there, we would say bad doughnuts, bad cars, something's not right. pretty bad downtrend. we would not do that. that's why they call them value traps often. the other one is no party either. take a look at netflix. i mean, 300 to addition. >> i'm referring to this little -- >> that's maybe something to get -- i would say all it does is return the stock to a very difficult level where people who have been trapped are happy to get some money back. >> charles, what's the story here, would you short either of these names? you can take netflix first. i mean, obvi

hewlett-packard. stock has been punished. meg whitman, the new ceo, is coming under fire.re's what she said. >> i'm confident 2013 will be the bottom of the turn around. then you can look forward, i think, to good growth in 2014 and 2015 as those products kick in, the i think vestments we're making in things like i.t., sales, organization, and training. those things will start to kick in. i really think 2014 will be quite a bright year for hp. >> what do you think of what she said? do you have any sympathy for her? >> first of all, of course. any ceo who's in a tough position, it's a very you have to job. there's no question, as i've said before, that meg whitman was dealt a very tough hand because of a lack of investment in product development and research and development by previous administrations. the eds acquisition has essentially been completely written off now. on the other hand, it's also true that the autonomy acquisition, which was made with $10 billion worth of cash, that isn't paying off yet. i think the difficulty now, honestly, is it's not clear how much tim

. >>> he engineered hewlett-packard's comeback when he ran that company. how does oracle's president mark hurd plan to turn around slumping hardware sales at oracle? that's coming your way at 4:00 p.m. eastern, next hour of "the closing bell." back in a moment. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd#: 1-800-345-2550 rates specific foreign stocks tdd#: 1-800-345-2550 based on things like fundamentals, momentum and risk. tdd#: 1-800-345-2550 and i also have access to independent tdd#: 1-800-345-2550 firms like ned davis research tdd#: 1-

. >> we've been track being the sell-off in shares of hewlett-packard. take a look at a couple tech names moving with it. shares of dell hitting a 3 1/2-year low. of course the management team at hewlett-packard talking about the weakness in europe as well as across its entire consumer business. dell dealing with similar concerns. shares down 4% but down about 60% over the of past five years. >>> t minus seven hours until the first of three presidential debates. a lot of market watchers say the big investors have already priced in an obama re-election but some think tonight might just be a game changer. >> so if romney starts to look up, could that mean stocks go down? we'll have some answers for you next. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets

. >> and sobering predictions coming from hewlett-packard. >> hewlett-packard ceo meg whitman delivering the forecast about the computer giant. speaking in a meeting for analysts saying the recent financial performance has not been good. and that next year will be a year of fixing and hp has been challenged by slumping pc sales. >> my believe is that fingel biggest challenge has been changes in ceos and executive leadership causing multiple inconsistent strategic choices and significant executional miscues. this is important because as a result, it's going to take longer to right this ship then any of us would like. >> the comments sent investors running. shares of hp falling nearly 13% to the lowest level in nine years. the wireless market has been a hot bed for patent law su.s now a group is trying to cut down on the litigation. hp, and seven other companies joined in this so called patent pool. this will combine patents so companies don't have to negotiate ip rights. and via says it hopes companies like apple will join in. and agreeing to combine t-mobile with metro pcs. this would ha

this dates back to the early 2003 year for hewlett-packard.esterday talking about the challenging environment and the year ahead is fix and build. the acceleration 2015 and we see selling down 12 1/2% this week alone. stuart: this is important because hewlett-packard is one of the great names of technology, printers, computers, a range of products, they're one of the greats of american technology and now down to a nine-year low. that's not a happy company. meg whitman runs it and has her work cut out for her. >> she's trying to turn around the company and talking about fix and build and they will have layoffs. everybody was hoping for a lot more, a lot faster and when you see the stock is down just 13% this week, obviously, disconcerting. stuart: can you get the stock price up by chopping away at the work force? very interesting question. nicole, thank you very much indeed. the dow industrials opened 40 points higher the first 90 seconds of business, there you go. gas prices, we bring you this news up only slightly. 3.78 for regular and diesel

some of the tech names have come under pressure, including hewlett-packard. they have a down arrow again. we have been following them closely as it is hovering at nearly ten year lows. back to 2003. all of this coming after an analyst conference where they talked about a challenging environment and challenging year ahead. back to you. melissa: thank you so much. oil rebounding after dropping almost 5% in the last two sessions. let's get to phil flynn of the price futures group. >> they are getting an awful lot of help to keep pushing these prices higher. first of all caught you have the products exploding today. gasoline rocketing. heating oil rocking. creating a price spike. his comments, the dollar down. the risk entrÉe comes in in a big way. that always helps out the oil market. a nightmare if you have developed your gas tank. melissa: yes. absolutely. what a difference a day makes. lori: a fresh two-week high for the euro against the dollar. let's go to cleveland. reputation hammered over the years. serious revitalization expected from a brand new revenue

you're in hewlett-packard. you're in dell.e just saw over at dell, over at hewlett-packard, we were with meg whitman, they have been very excited about some of their pads and things like that. they're coming out with smartphones they say. they're waiting on this but they didn't really mention pcs. we know that pc sales are down. are you meaningfully branching out in the smartphone word? we know you have the indian smartphone for the lava phone but what are you exciting about coming up now? >> just to correct one thing. we saw pc sales up in the third quarter. we expect them to be up in the fourth quarter as well. put that aside. you're right, we're seeing level of innovation across all the different form factors. one of the most exciting things which are happening right now. all these devices that compute and connect to the internet. there are all these markets performing. we compare to beginning of the year, there are 100 ultrabook designs coming to the market in the fourth quarter. many are touch enabled. they are innovative

hewlett-packard was initiated, the price target of $13.50. still has room to go to the downside and initiated with a cell and citigroup and the price target $8.50 so that would be another dollar lower than where it is and then there is in tel downgrading, bernstein downgraded to underperform from a market performer and also the new price target, $26 from $32. still higher from where it is but the attack is the group waiting today. the nasdaq composite down 1.3%. liz: i am wearing silver hoops to night, not gold. it has been a wild ride. gold is up more than 450% over the past ten years. an incredible performer. gold has extended losses into a third day and these trends are indicators of -- let's ask my next guest who thinks the bubble is ready to burst. he says gold will sink on your screen to $700 in five years. jacobs is the director -- 1,066 right now. he is director and chief investment strategist at chartres profit capital. on the gold bugs all over you? >> when you make a prediction liz: why do you think this is going to happen especial

hewlett-packard, dell, amd, all closing at multiyear lows. because of this guidance that comes through, hewlett-packard down 13%. closed below $15 for the first time in ten years. >> that almost is -- there's a lot of competition for companies like hewlett-packard, like three or four of them that want to do that ibm, the big guys. and you just wonder, it's getting to be like existential, whether you wonder whether it becomes the hewlett-packard of old. >> are you missing mark herd? >> he was a -- anyone would tell you it's hard work to and a half gate throu of that gate through with the googles and -- >> is anybody ever going to buy a pc again? cramer said no matter who wins, don't by hp. >> mitt romney worp the coin toss and then put it in cayman islands. >> i can deal with that. and dennis miller, hope obamacare covers an ass kicking. >> i didn't see that. >>> coming up, your squawk sports report. it's october. so that means plenty of baseball news. husband the day's national weather forecast. handing everything on other people. the best id

. >>> a warning today as she addresses the future of hewlett- packard, the reason she says investors should not expect a quick turnaround. >>> and the fog is back. major cooling taking place right now. i'll show you how much cooler it was today and how much cooler it's going to get. dan hurd: when i was a child, california was a leader in education funding. erika derry: and the fact that california isn't making it a priority frustrates me. dan hurd: i'm ashamed of that, and i don't want this to continue for my daughter. brenda kealing: prop 38 is going to bring a lot of money to our schools. suzan solomon: the money stays at the school site. cade derry: what i would really like to see is that the teachers... that were laid off come back to the school. navaz hurd: a smaller class size. navaz hurd: as a mom i want that. as a teacher i want that. prop 38 is an opportunity of a generation. >>> a new report today by the oakland police department criticizes the way opd has handled nine officer-involved shootings. a new call for a takeover of the department itself. rita? >> reporter: gasia,

meanwhile shares of hewlett-packard plunging to a nine-year low. ceo meg whitman warned profit and revenue will fall through the coming fiscal year. whitman says, the company's ongoing turn around effort is causing the gloomy outlook. >>> shares of netflix leaping more than 8%. a top citigroup analyst gives the company a strong outlook saying it is due to improved satisfaction among netflix subscribers. finally. take a look at that stock though, on fire. >>> our top story tonight, protests are erupting in the streets of tehran. you're looking at new amateur video. this is just coming into fox. we should note that we are working to authenticate it. but iran's citizens are in a panic. inflation is skyrocketing and the iranian real is plummeting to record lows against the u.s. dollar. supplies of basic goods are running short. so could iran's own economy and not the u.s. or israel be the thing that brings the iranian regime to its knees? joining me now on this are fox news mid-east analyst, co-chair of mitt romney's mid-east advisory group and author

behind that is hewlett-packard. nothing there. i just think it's the ultimate value trap. also ran pcs, declining printer business. second-rate consulting. no thanks. you know what i would rather do? i'd rather ground the ball intentionally than toss it to hewlett-packard. that's like a pick. nothing else in the dow to intrigue me, and then i checked out the s&p. chiefly looking here for laggards because the winner is pcs. sprint up 69%. tesaro is up way too much. you know i like sprint but to start a new position here without a new pull back seems ludicrous to me. under $5 that's a different story. how about the s&p's losers, amd down. and big lots up 24%. let's say, amd no, investable. uninvestable. big lots is executing terribly. now, monster down 24 cent, i'm calling it intriguing, but still up 17% for the year. i remain concerned that the energy drinks are going to be called into question by the health authority. share loss, difficult to reverse. so my dow jones player is well covered. my s&p receiver can't get any separation. what's left? at this point in my favorite

but how about hewlett-packard one of the better ones today, up 8 cents.lso got cisco and hewlett-packard as i said three big tech names moving higher today. the power mover of the hour is supervalue. there we go. it's right here. this is a grocery chain. the shares are skyrocketing on speculation that the company could be a takeover target. so yeah i'd say a gain of 36% is skyrocketing. this afternoon reuters reported that cerberus capital management is working on a deal to buy the troubled company. the company shares as you see down more than 60% year to date. supervalue even suspended its dividend earlier this year, so it's been in a heap of trouble. but at the moment, nice move today up 37%. let me go to the fox 50 here so you can get a sense of what's really going on. oh, no. oh, i'm so bad at this. here's the fox 50. you can see that again it is the same names that are pretty much looking the way they are on a day where we have red on the screen. but how about orange? let's flip it over to halloween just around the corner we are picking pumpkins. jef

we'll have more on hewlett-packard's struggles. what it's going to take to turn this company around when i speak to carly fiorina. we're live today from blackrock's trading floor in new york city. we have a lot more ahead on this special action-packed edition of the "closing bell." >>> coming up, blackrock's chairman and ceo weighs in on everything from the markets to the upcoming election to why his firm was built for these economic times. it's an interview you can't afford to miss. >>> plus, numbers game. will a bad jobs report tomorrow discredit everything the fed has done to stimulate the economy? and branching out. amazon getting into commercial lending. is this another sign that their retail profit margins are feeling squeezed? that's coming up on the "closing bell." ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education.

. >>> hewlett packard is set to roll out a new device that will work with microsoft's new windows 8 operating system. the elite pad 900 comes at a time when, according to new research from the pew center, half of all adult americans now own either a tablet computer or a smart phone. >>> and finally, who says that crime doesn't pay? two guns that belonged to famed partners in crime bonnie and clyde sold to an anonymous buyer for just over half a million dollars at an auction over the weekend. >>> a quarterback makes history, and nfl teams break out a bag of tricks. >>> plus, a colossal collapse at golf's ryder cup championship. your early morning sports headlines are straight ahead. >>> and all the heavy rain over the weekend and this morning in the southeast is on the move. i'll tell you where it's heading coming up. you're watching "early today." >>> well, good morning. if you're just waking up, this is "early today." in sports, the europeans played their hearts out yesterday, overcoming a 10-6 deficit to match the greatest comeback in ryder cup history. the europeans started out fast and he

ubs analyst says hewlett-packard should break up. hp stock has been on a steady decline all year and has fallen 15% since it rattled the markets by cutting guidance again last week. former hp chairman was on "squawk" this morning. >> there are potentially some way of restructuring the business, you know. the pc spinoff i did not support at the time and they pulled that back. now you have to start to look at things like that. i would just argue, you have to consider everything. >> let's welcome the senior hardware tech on ubs with more on his note. welcome back to halftime. it's the talk of the street today. >> thank you. good to know ten years later carlisle and i are on the same page. >> up raised an interesting point in the kind of note you put out today is nothing new. you've been calling for this company to break up for the better part of a decade. >> i have. and the number of analysts have point this out. we're trying to put a staying ground and saying it's increasingly making too much sense. we updated some of our parts analysi

. >>> all eyes on hewlett-packard this morning as ceo meg whitman makes some kind of announcement. >>re burning overnight in berkeley is out but firefighters say it may take a while before they get a close look at the worst of the damage. i'm christy smith. >>> and finally an end to the dog days of fall. much cooler weather ahead. and showers. we'll take you through your full forecast. >>> judging by that traffic flow, your commute is just getting started. we'll show you where you're tapping those breaks already this wednesday morning. >>> and giving you a live look. that is san francisco off in the distance. coming to you from our camera atop san personalo mountain on this wednesday, october 3rd. this is "today in the bay." bern wednesday, october 3rd. this is "today in the bay." >>> good morning. thanks for being with us. i'm marla tellez. >> and i'm jon kelley. defining moment for hewle hewlett-packard could have big-time news for the company. >> the implications really for the silicon valley families as well. it employs 320,000 people worldwide. ceo meg whitman is holding an analy

. >>> south bay tech giant hewlett-packard unveiling new tablet this morning.they gave abc7 news a sneak preview, the hp elite pad aimed at business customers it is for people who need portability and productivity they say. they are trying to branch out into smartphones and tablets after being stuck in a world of desk tops, laptops and printers. it won't be available until next year. >>> we've been talking the heat and how east bay valleys are going to heat up. >> [ unintelligible ] >>> we had to turn on the ac once the house heats up to 78, 80, that's what we have it for. we don't use it often not this is up myrrh into the early fall. good morning, to warm in some areas, cool at the coast. 48° at half moon bay, 57 in san francisco redwood city, 67 in antioch. definitely warm in a few areas, calm out there, barely have any wind northeast wind hayward three, west wind sfo at about seven the air is not only mild to warm, it is stagnant. here's a look at how today breaks down, clear start, a lot of sun temperatures fall into the mid and upper 50s by 7:00. 30° warm

it seems a pair of seemingly bad headlines are doing little to pour cold water on hewlett-packard. is higher despite a report that says china's lenovo may have overtaken hp in pc sales in the last quarter. pc sales themselves had their biggest decline in more than ten years. so do you dare touch hp right now, or is the better bet microsoft? on hopes that windows 8 might revive that industry. let's talk numbers on those two companies. on the technical side, mark newton of gray wolf execution partners. on the fundamentals side, erin gibbs. erin, i'm going to start with you. which company do you feel benefits more from the release of windows right now, microsoft or hp? >> microsoft, without a doubt. microsoft will be able to take advantage of the windows 8 release not only from an increase in pc sales but also from any additional sales in the tablets and smart phones base. so it's really positioned well for transitions. it did extremely well in its transition from windows 7. we expect the same thing. >> so you would buy microsoft here? >> yes. >> you would not by hp? >> no, and for ma