i'm jacky deangelis with a market flash. apple reporting strong numbers, profit of $8.26 a share on revenue of 36.5 billion dollars. it was concern about gross margin guidance for the current quarter that initially impacted apple's share price. as for today's trading session, the markets were essentially flat, the dow down a point, the nasdaq off three, the s&p 500 with a small gain. larry, we are just getting word tonight that november 14th is the day senate banking committee is considering a hearing on janet yellen's nomination to run the fed. >> all right. we're going to talk about a story that the ned wants high inflation. we'll have to call miss yellen an empress of inflation, an upgrade from the queen of inflation. let's bring in andy cross. andy, what's up with apple? you buying it or not? >> the gross margin number i think got investors a little spooked to start with, but i think long term when you look at apple -- this is not going to be a rocket ship, larry, but when you think about the value they can add around th

jackie deangelis looks at what that means for gas prices and consumer spending. >> reporter: lower energy costs look like a an early holiday gift for consumers. you probably notice gas prices are down a lot. aaa says the national average is $3.31 a gallon, down 13 cents in a month and down from this year's high of $3.74 in february. the question, how low can we go? >> i think at the pump you could see $3.10 and if you remember last year, we were coming out of a summer with supplies tight because there was a lot of refinery problems and sandy into the picture. >> others are targeting 3.15 to $3.20 why? it's down almost 11.5% from the 52-week high. longer term, rising u.s. oil production is making us less dependent. >> we are importing about 8 or 9 million barrels a day. we can absorb with production if production gets high enough. so we have plenty of room. we just crowd those people out of market. >> one rule of thumb, every time the price of crude drops a dollar, the price of gas comes down 2.25 cents. not bad but they think u.s. consumers will change spending habits. >> like the old man

jackie deangelis has the story. >> reporter: turning into gasoline for cars and jets, sounds like a novel concept but been explored for years. now several companies including thomas green energy, trying to take the technology a step further to make that dream a reality. here the company is showcasing technology and the practical applications of it for potential investors. they raised $61 million to date but need roughly 200 million more to break ground on the facility they are planning sometime next year. >> we believe that alternative energy and renewable energy, both of them are very important to israel, to united states or to any country who would like to have energy indepen dance. >> reporter: what sets them apart, it's more efficient and can reach a larger scale and that's a great recipe for profitability. >> the operating costs are a $1.65 per gallon. >> reporter: what about longevity of the business model? it assumes regular gas prices stay at these levels and that gas doesn't see any anything increase. >> the natural gas prices have to go into the double digits for us to be unecon

we begin with jackie deangelis and those disappointing numbers. >> reporter: a big earnings miss for the world's largest maker of earth moving equipment, caterpillar. pro pro profit declined almost 21% and not just profit fell shot, cat's revenue declined 18% and the 2014 forecast fell plat. mining was the challenge in the third quarter according to the chairman and ceo. >> we saw the mines really explode as india grew, china grew and economic growth through the big recession outside the u.s. and europe was pretty good. i think they got a little bit ahead of themselves, the markets got ahead of themselves. >> reporter: he said the company worked to improve operating e pit -- efficiency. >> our budget is bulletproof. we jus need a recovery in mining, which at some point will come. i've seen cycles off and on over my 39 years. this one is pretty acute in mining. the rest of the business is hang income there. >> reporter: cat announced 3,000 layoffs and warned more come could so no wonder investors are talking a pause. >> i'm hopeful that -- i'm not going to make any forecast, bullish f

there you have it, jackie deangelis. thank you very much.ings in life are unfair especially when they concern the federal government. now, let's continue that. they're calling it a shutdown. but when 80% of federal employees are still expected to show up to work, well, doesn't sound like a shutdown to me. in fact it sounds quite open for business. so if our federal government can remain operational in the absence of employees deemed nonessential, let's keep it that way, let's keep the nonessentials out. that could be called smaller government. we're back with our distinguished panel. i'll go to you, chris. this is like a mini shutdown. i don't i think it's a shutdown at all. if you can say that certain employees are nonessential, then we don't need them. and if we don't need them, we consider shrinking the government's budget and its payroll. what's wrong with that idea? >> well, a couple things are wrong with it. one, the point about these workers even the ones that are essential and are working right now are not getting paid up the go. goe

to jackie deangelis for a market flash. >> headlines crossing on motorola solutions. reuters reporting the company is looking to sell its land business and crane is reporting msi offering buyouts to managers and senior level workers at its headquarters. the stock was lower than spiking on these reports. we are watching shares up over the flat line trading at 60.93. >> jacki, thanks for that. back to google and also broaden out the discussion to some of the other players. who is winning in the mobile monenitization race. natty covers the tech space. brian analyst withing wh wedge partners. natalie, google, the market says, is winning at this point. >> it's winning, right. and mobile is the big concern, right. as john fortt pointed out, there are a lot of arms to this beast and that's the problem because there's, you know, the mobile devices and so they're in motorola, mobile advertising, there's android, so they're not quite sure where is the biggest money there and the nature of this beast is everyone has a mobile device and sometimes two and it's hard to assume undiv

jackie deangelis, thanks very much. >>> now, the budget crisis is on hold. disaster that is obama care now starting to get on to the front pages. and it looks more and more like the obama care website crashes are connected to a strategy to keep the true costs hidden. we have a debate coming up, but first up, here is sdwrus ojust the people we asked about what he thinks about washington. >> i travel the world extensively and i know what the people of israel think of us, the people of china, vietnam, philippines. and they look up to us. so all this in-fighting is politics as usual unfortunately. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts more within reach. ♪ >>> disaster that is obama care is becoming clearer every day. it could be a deliberate attempt to hide the truth about skyrocketing costs.

joining me is mary thompson and jackie deangelis.ff with mcdonald's set to release earnings on monday before the bell. keep in mind this is a stock that has fallen out of favor with investors up 8% this year, underperformer when you compare it with its peers. it is lagging. on the street analysts are also falling out of favor with the stock. goldman sachs recently issuing a report saying it appears mcdonald's is losing customers based on a survey of 2,000 customers out there and also concerns out there, i don't know if you tried mighty wings. >> evidently expensive but not a good product. >> they are a buck a wing which is surprised a little too high for their core customer. so, you know, that is going to be a question because that was a big push in the past quarter. want to see if those are going to gain traction. >> they struggle with product mix. trying to alter their menu to provide something a little more high end but also trying to attract that value customer and that is causing some problems as we've seen in the same-store sal

joining me dominic chu and jackie deangelis.ith biogen, post third quarter earnings before the bell on monday and a couple frap cheeses in the biogen's drug portfolio a lot of investors are paying attention to. first the ms franchise, multiple sclerosis and hemophilia franchise. credit suisse this month raised the price target on them citing specifically a survey that says that there's significant interest on the part of patients as well as physicians in the hemo feel ya drug. the ms drug is another one it's an oral drug for ms. >> just gotten eu approval. deutsch bank had positive comments this past week about what that means for the company. biogen about drugs in the future pipeline and this could be a big one. >> the thing to keep in mind with biogen and other ones these are monster performers for the year. biogen up 70% and that's leading the ivb the index that tracks bioteches. that's up 53%. whenever you see the markets fluctuate up or down, biogen and bioteches tend to exaggerate those moves. more sharply up or more sharp

let's get more from futures now host jackie deangelis. jackie? >> that's right, scott. due to the delay, shutdown, crude suffered two bearish inventory report, bringing it down 4% in three systems. so jim, is this about supply, or is crude giving off troubling signal about the economy at this point? >> i think it's probably a combination of both. the supply story is one that develops and has for a time. today, also the news out of china, it indicates that maybe there will be a slowdown there. plus, there's probably some softs with the shutdown will affect the domestic economy. there's one thing, the dollar has traded off precipitously, and crude has done the same. i'm not going to sell it after three days of being hit. i think the next move is a bounce. >> rich, curious about what you think. he thinks the drop has done damage to the technical picture? >> absolutely, jackie. it keeps the bears in control. any bounce that jim noted will probably be profit taking. really, crude lost a trade in the $10 range. if we look at $100, $102, my downside is $90, $92. it's a seasona

jackie deangelis is in hillsborough, new jersey, with that story for us. >> hey, good afternoon, sue. that company is pry muss green energy looking to take this from a conceptual idea to reality using natural gas to fuel your car and even jet fuel in the future. they say their technology is so efficient they can make this a reality for the industry. meantime an nists say there are several challenges to think about here. the first is investment. this company is going to start construction on a new commercial facility mid near next year and they need $280 million to complete that. the company has raised $61 million but still, a large gap to get that $280 million mark. part of raising that money showcasing technology and inveriers what they can do as they did here when they used their gasoline to fuel a car. another challenge is the business model. the company is assuming that prices at the pump, crude oil prices and natural gas prices stay roughly in the range where they are. analysts say if any of those swing more out of whack, you have to go back to the bu

. >> reporter: in adson, texas, jackie deangelis, cnbc. >> it has been five years since bernie madoff'svealed and now some of his former employees are on trial. we'll bring you the latest right after the break. ♪ evto earn degrees in mathan stand science.ut but more than half leave their programs. so we're missing out on 450,000 math and science graduates annually. but if we can help students prepare for these subjects we'll have a stronger workforce for our fastest-growing industries. let's invest in our future. join exxonmobil in advancing math and science education. let's solve this. >>> hard to believe but it has been five years since bernie madoff's ponzi scheme was revealed and his former employees are on trial. senior correspondent scott cohen is live in manhattan at the courthouse with the latest. hi, scott. >> hi, tyler. five years out this could be the clearest look yet inside the fraud that shocked the world. bernie madoff, to this day, insists he acted alone. the feds are out to prove once and for all that he did not. five former employees on trial, they include daniel, the

let's find out from jackie deangelis. >> good afternoon, scott. that's exactly right. seeing a big comeback in stocks today. but what's interesting, if you look at the bond market, specifically the short-term notes, we're looking at the one-month yields. yes, they're ticking down today, but still trading at highly elevated levels. so a disconnect there. jim, you're at the cme. let me know what you think about this. are bond investors being more cautious now than stock investors are? >> yes. and to put a finer point on it, too, the bills that expire in december, the ones more six weeks away, are showing a higher yield, so the bond markets are telling us that, yes, for now, seems a little bit better, but we're moving it out six weeks, like i said. when there's a disconnect like this, to me, it seems like the stocks trade more on emotion than the bonds do. bonds are more cold and calculating. i'll go with them. we're not out of the woods. >> john, you're here at the imex. if we do get news of a deal, how much higher could stocks go? >> well, honestly, if we get a deal, th

let's get more from futures now host jackie deangelis. >> new weather forecast predicting more mild temperatures for early november than originally expected. that, of course, having an impact on nat gas prices because people use nat gas to heat homes. you're trading the gas in the pits at the nymex with me. more bad news for nat gas because of the forecasts. >> the price of the future we're seeing the low for the next three, four months. november contract expires thursday. i think that short-term weather forecast is tieing into what that contract expiring and nobody really wants it at this point. but as i said, demand has been less. but we're at beginning of the season. so you know, you have to look as this being the bottle to. i only see prices up from here. >> jim, you're looking at nat gas. what do the charts tell you? what happens the next move? >> i think we're coming into trend line support here, the contract comes in 355, and there's a different support about 360. to me, those trend lines and support is not going to be broken until it is. we test these things all the time. the fact we tra

. >>> i'm jackie deangelis with your cnbc market wrap. a mixed day for stocks.oint. the s&p gaining two. industrial projection only edging up by .6% in august. and higher mortgage rates taking aa toll on the housing market. home sales plunging 5.6% in september. and tweeting a coffee to a friend is now possible. starbucks launching the program today, allowing instant gift cards to be sent via twitter. that's it from cnbc, first in business worldwide. as your life changes, fidelity is there for your personal economy, helping you readjust along the way, refocus as careers change and kids head off to college, and revisit your investments as retirement gets closer. wherever you are today, fidelity's guidance can help you fine-tune your personal economy. start today with a free one-on-one review of your retirement plan. ♪ ♪ if i was a flower growing wild and free ♪ ♪ all i'd want is you to be my sweet honeybee ♪ ♪ and if was a tree growing tall and green ♪ ♪ all i'd want is you to shade me and be my leaves ♪ grown in america. picked & packed at the peak of ripeness.

let's get more from jackie deangelis. >> hey, that's right, scott. good afternoon. and while you might have thought that the dovish janet yellen pick would spike gold, it's falling 2% today. anthony, what will it take for gold to get going, and do you think the fed minutes later this afternoon could make a difference? >> jackie, i'm surprised. it's yellen and they're sellin' out here. unless the fed minutes say inflation has picked up its head, gold probably won't get a bid from those numbers alone. but i still think that gold shas a place in everybody's portfolio. i think, especially as we get closer to the october 17th deadline. i bought it this morning. it's going to have a nice sell-off. i'm surprised it hasn't reacted differently. but i still think there's room to the upside for it. >> the price is just about 1,300 now. do you think we'll go down further? if so, where will we find the support? >> jackie, look at your chart, the last 90 days. the trend is down. support level at august 6 lows is 1,271. and this is a case of perhaps disinflation. if you take a loo

to jackie deangelis at the nymex and more. >> good afternoon, brian. gold prices closed just about an hour ago with the 1349 level. after the fed statement came out, they actually broke through 1350 and were holding. but it looked like it took a little while for the market to sort of react to that statement an then we saw gold prices dive as we saw the dollar start to rise. as you mentioned, we hit about 1335 on gold and now we're slowly coming back up. traders had high hypes for gold today. they were looking for a close above 1350 saying the next stop could potentially be 1363, but obviously with the status quo statement we didn't make it there. back over to you. >> jackie, thank you very much. all right still ahead on "street signs," much more on this post-fed sell-off. >> and also obama care on life support. how employer based plans could now be the next victim in the failed rollout. you have to stick around to hear the details. >>> okay. let's take a look at what those markets are up to. to refresh your memory at the top of the hour, in other words

what's going on here, jackie deangelis has been keeping an eye on all of the market action for us today. >> good afternoon, bill. we've got the big movers for you. we're going to begin with blackberry which spiked on a dow jones report that lenovo has signed a nondisclosure agreement to look at blackberry's books. meantime goldman sachs reporting better than expected third quarter earnings. raising its quarterly dividend by 10%. investors focusing on revenues that came in well below expectations due to weak bond trading volumes. that stock taking a big hit today. amarin plummeting after an fda panel said its fish oil drug designed to low eer tri glis ris shouldn't be approved for a broader patient population. and darden residents rising today. there were reports that darden had hired goldman sachs as its financial adviser. also, mattress makers losing a little sleep today. this after select comfort slowered its fwi dance for the year, blaming the u.s. economy. finally, bill, ibm falling to a two-year low after reporting a 4% drop in third quarter revenue ahid amid a decline in hardware

let's find out now from jackie deangelis and the "futures now" traders.ck. >> thanks, scott. the last time we saw a fed statement, the gold jumped 50 bucks. the traders in the pits are not expecting that big move, but anthony, you're here at the imex, and i'm curious about what people are saying down there about what they want to hear from this statement. >> what they want to hear is the fed will add to the stimulus program, but let's face it, we won't hear that at all. we won't hear the fed say they'll taper at this point, either. they'll leave the program unchanged, but there's a definite disconnect with a lot of the markets, equities, crude oil, versus what's going on in the economy in general. i think gold is starting to see through that disconnect right now, and if you look, when that jobs number came out this morning of 130,000 jobs by the adp, gold popped $10 off that news. so i think gold traders are starting to realize there are deep problems with this economy right now, and it's not growing. jobs aren't growing. we've had renewed fund buying com

let's get more from futures host jackie deangelis. >> hey, scott.e watching the fed, and next week, there could be challenging to the fed. they'll release the policy statement and bondholders will be watching it carefully. jeff, i want to ask you what you're watching. what do you think the fed will say, taper off the table? >> well, jackie, we're looking at the fed very closely. and we've seen a sensational drop from 3%. every buy vigilante has been stuffed here. even look on the duster, steven weiss, the curls in his hair have been tightened from the drop from 2.75 under 2.50. what we're looking at, outside of the fed, we're looking at a technical target, 2.42. a phenomenal resistance before the move up above 3%. we're using that support. a lot of folks on the other side, yellen, they're painting her with two dovish wings. she has to get credit for seeing the 200 pa housing bubble. so i think there will be an earlier taper, but we want to sell treasuries as we get closer to 2.42, because it's been a long, phenomenal trade for us. >> what does the c

jackie deangelis with an eye on what's moving the needle after hours. >> after the disappointment fromvenue. that was a beet on the top after the bottom line. the stock hitting a record high after the release. during the conference call, larry page said that he won't be on every conference call going forward. shares of chipotle also higher in afterhours. a slight beat on revenue but that was the number that investors are watching. also capital one, the company reporting $1.86 in earnings. a six cent beat on the bottom line and a slight beat on the top line as well. its shares jumped in afterhours. and amd, earnings, that was a top and bottom. >> it's hot in miami. and robert frank on the booming real estate market there. >> i have a feeling the weather has something to do with it. we'll be right back. [ female announcer ] it's time for the annual shareholders meeting. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? well, you're the chief life officer. yo

we find out from jackie deangelis and the futures now crew. hey. >> hey, thanks, scott.interesting with this. while all of the rancor in washington has sent the s&p down 2% in about a week, bonds have stayed remarkably quiet. so jim murio, why have bonded shrug off the default concerns and what would it mean for treasuries? >> i'm not sure they're shrugging them off. i think they can't figure out if the knee-jerk reaction will be buy treasuries when they're the very thing that could potentially be downtraded and the thing that could be defaulted upon. what's most interesting today is the rates on the short end of the curve are spiking higher. to me, it's the first time we've actually considered default as a possibility. today. i do think, however, if things start to deteriorate in the stock market, and default looks clearer, the knee-jerk will be to buy the long end, as odd as that sounds, because that's what people sdo. >> rich, you hear the noise. you're looking at the ten-year yield. what is it tolling you? >> jackie, we're pinned in a range 2.60 to 2.65, and the yiel

jackie deangelis. >> definitely seeing risk on day in the equity market.ing that trickle over into the oil pits as well. west texas intermediate starting the day out flat. traders watching every headline out of d.c. very closely. if you look at that intraday chart, you can see a steady climb up each step of the way. west texas intermediate closing just above $103 a barrel. that was up coming off a little in the electronic section. the brent price, tensions in libya overnight increasing security concerns there because the prime minister was briefly detained. also some chatter in the pits today about the potential brewing of some protests in egypt. trader were worried about that. finally a tweet out from the israeli defense minister recounting an event from 40 years ago. people misinterpreting that. that adding to the anxiety. put all these factors together and brent pop master's degree th -- popped more than 2%. >> plenty of action in washington. take a look at this live shot of the white house. the president and house republican leaders are expected to mee

i'm jackie deangelis. take a look at shares of marriott international.y will transfer the listing of the common stock from the ncse to the nasdaq. trading expected to commence on october 21st. they will continue to trade until that time. marriott says this will provide them with cost-effective visibility. with the stock down, those offers alongside the broader market, simon. >> thank you very much of that. as we await twitter's upcoming ipo, nielsen is out with a way to reach their information about the twitter shows. it shows that the finale of amc's "breaking bad" reached number one for the week of september 23rd. let's get more perspective on what this means for investors. chris, good morning. a senior portfolio manager of the turner titan fund. >> i'm good. i'm interested in twitter and what you think that this new move by nielsen will move the needle for potential investors, chris? >> well, i think the nielsen commentary and the announcement they made with twitter today is very important. it really speaks to the inefficiencies in the advertising mar

jackie deangelis is live in new jersey with that story. od morning, david. we are here at the primus green energy demo facility where they are turning natural gas into fuel. they're holding a special meeting here today where they're talking to analysts, the media and also most importantly potential investors about their technology and about this process. as you mentioned, we are literally taking natural gas here, turning it into fuel for cars and eventually jets as well. it's a chemical process that's been done before, it's been explored by companies like exxon as well, but this company, primus, saying that they can do it more efficiently and scale it up faster and better than anybody else. let me break this down and give you some examples. this demo facility can produce about 100,000 gallons of gas a year. in the scheme of things, that's not that much but they are breaking ground on a new commercial facility next year, hoping to see a yield of 25 to 28 million gallons. it would be up and running in about two years. they say their process i

joining me is dominic chu and jackie deangelis. to the scorecard.tes. 21% of the reports have come in below forecasts. starting off with zynga, posting market gains after third quarter earnings. jackie? >> we looked at the numbers yesterday. a two-cent loss, better than expected. down 36% on revenues, also better than expected. up 14%, shooting up, in the after-hours session. a couple of things to think about here. first of all, the first quarter on the books for the new ceo. he's bringing in a coo to work on the mobile gaming strategy, so that's important. analysts saying they like the cost cutting and management changes, there could be a turnaround here, but it comes back to mobile. if they can't get that right, it's a serious problem. >> the user trends have not been favorable. even analysts came out raising the price target, saying the user trends have not been good, and they face competition in terms of investors' attention when it goes to going public sometime soon. >> it has to be don matrix's biggest challenge, and he has to show that the tr

ominous oasis battles the witchy warmth, touring the homes are diana "oh, no" olick and jackie "the ripper" deangelis>> reporter: this four-story italian revival home sits on one of the most beautiful streets in the country. in a town where a mysterious past. set on 10,000 square feet of manicured lawn, complete with a stunning granite archway and a lush tranquil garden. >> this four-story town house built in 1847 is one of the oldest in an area famous for its ghost tours. the garden which can be used for good or evil is the centerpiece of this one eighth of an acre lot on a street that has many stories to tell. >> inside you'll find 4,000 square feet of living space including this upgraded kitchen with top of the line appliances and hardwood floors. the downstairs also includes an elegant living and dining room. this home even has a greenhouse and a garden room. >> inside you'll find 3300 fully renovated square feet. and you can certainly cook up some mischief in this gourmet kitchen featuring double ovens and a wet bar for your tastier brews. >> upstairs you'll find four spacious bedrooms are soari