just about 35 minutes before the closing -- yeah, jim rogers is in the house. him in a minute about investing around the world. dow up 49 points. 35 minutes before the bell sounds for the day. before the bell president obama touting his support for small business is on the campaign trail. >> folks who create most new jobs in america are america's small business owners. and i've cut taxes for small business owners 18 times. >> wow. one of our next guests says that's not entirely true. the devil is in the details. commodity kings jim rogers says it doesn't matter who wins the presidential election because neither candidate knows how to fix the economy. he joins me next exclusively straight ahead. >>> falling off the fiscal cliff is nothing compared to falling from the edge of space. like this guy just did. he landed on his feet. can our economy land on its feet if we go off that fiscal cliff? lots to come to the "closing bell." do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, o

a decline of point two percent the prior quarter ok well short term election year reports aside jim rogers is in studio to give us a longer term perspective and offer his predictions for the year ahead plus japan remains mired in deflation according to price data out today as reported by reuters which goes on to say the pressure is on for the central bank to deliver more stimulus to keep the country from recession now you may recall japan began q we in two thousand and one and has been keeping it zombie banks in a state of suspended credit animations since the early ninety's how does this lesson jive with forecasts of what stern central bank induced inflation disgusts and bunga bunga berluti tony has reportedly been sentenced to four years in prison for tax fraud in these tough economic times are we seeing the untouchables actually becoming touchable let's get to today's capital account. our guest today is someone with decades of experience investing with particular focus on commodities i think he's admitted i think he's said that he's been a horrible market timer but lucky for us he focus

joining me to help us see past the noise on a broad range of big picture topics is none other than jim rogers investor and author of the book a gift to my children a father's lessons for life and investing among many others and someone that i am so happy to finally meet in person and have in studio after years interviewing you over there you are right i must rather be here than on skype with overshoot about the ball and now is better that is just to . i'm happy to have you here in the flesh versus so thank you for being here my pleasure ok well let's get past the noise you say you don't pay attention to the noise we have these g.d.p. numbers out today which were fueled by federal spending what you know before the elections a you know longer term looking out next year or you're looking for a recession now what do you think would be the trigger obviously the fiscal cliff is what we hear thrown around a lot in the u.s. miss the surprise for the debt has been going through the roof in the depths getting worse and worse and worse here europe japan nearly everywhere in the world in america we've ha

in the alternative opinion to the world well let's talk more on this with the only one and only jim rogersjoins us from zurich jim good to see you there so how much of a need is there for an alternative opinion on ratings in the media there's a huge need because the ones in america that have been dominating the business for decades are corroded and obviously not very efficient they missed the entire allowance in the past five or six years just really don't know what they're doing anymore so do you think it will be able to effectively competes with the big three s. and p. moody's and fitch. oh absolutely there's no question about that and. they've got a joint venture with an american company which is one of the few independent voices which have gotten things right in the past few years so this world needs this desperately it's not u.s. based it's not u.s. centric there will be a huge demand it will take them a while to convince the market but i'm convinced there is a huge market need i know their partners i admire their partners and i certainly know the chinese and the russians want to do i

liz: joining us now, jim rogers, private investor of a gift. this announcement is very heavy. the guy under him out. would you buy the stock here? >> not with my money or your money. i wonder how he got the job in the first place. here is a guy who failed as a hedge fund manager, all of a sudden sold citibank. david: you are wrong. he succeeded as a hedge fund because he sold his hedge fund for $800 million to citi. >> you are exactly right. the hedge fund with a mediocre record which he then turned around. why did they make hii ceo? david: i believe it was 2007. look, the fact is that citigroup for decades, the definition of crony capitalism always looking for bailouts, they were doing it from the mid-90s they did it for bad russian deaths and of course treasury secretary became the leader at citigroup. i wonder the same thing will happen again. maybe tim geithner once he leaves the white house will join. >> you are bad for my nervousness. i would short again. have you ever known tim geithner to be right about anything? liz: can i stand up for citi for one second? anything i'

. >> harsh words about india from billionaire investor jim rogers.l talking with the head of icici, one of the biggest banks in india coming up. she sees it a different way. she's still seeing double-digit growth in revenue. stick around. we'll get her takes. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. 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

gloom and doom and jim rogers head to head.hates apple. >> in general, optimism of investors and the headlines and everybody is an apple fan. everybody needs an apple device. i think, yeah, probably the stock has peaked out. >> all right. we covered a lot more as well, but then things took a bit of a wild turn. rogers asked faber about his nocturnal habits. >> i was in bangkok last night myself. i didn't see you at the disco. which one did you go to? >> i go to lower class discos. >> all right. be sure to check out the full interview at futuresnow.cnbc.com. it was wild. it was a good time. you never know what can happen. >> that is probably the best tease for your show. we're going to all tune in. thank you very much. okay. well, make sure you tune in next week tuesday and thursday 1:00 p.m. eastern for the live stream of "futures now." of course, you never know what's going to happen. >> as soon as that's over, tune into this show, which is

. >> that was marc faber talking to jim rogers on the new line known as futures now. streaming dedicated to futures trading every tuesday and thursday at 1:00 p.m. the show is also available on demand at futuresnow.cnbc.com. learn what they do when they're at the clubs in bangkok. you would have thought it was a conversation between carter and khouw. >> conference? >> conference in the disco. all right, time now for the final call, the last word from the options pits. mike khouw, why don't you kick it out for us? >> sure thing. i think it's sure hedged way to make a bullish bet. >> scott. >> this week's web extra is all about stock's replacement and app. . we take our first question from facebook. >> and dan. >> follow us on twitter and find out what i use. >> it looks like our time has expired. i'm melissa lee. for more "options action," go to our website. see you back here next friday. meantime "money in motion" is up right after this. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock

accurate and reliable analysis that it's going to take some time well earlier i spoke with investor jim rogerswho says it's a great idea for the big three are going to try and undermine it and they've got a joint venture with an american company which is one of the few independent voices which have gotten things right in the past few years so this is the world needs desperately it's not u.s. based it's not u.s. centric they'll be a huge demand it will take them a while to convince the market but i'm convinced there is a huge market need i know their partners i admire their partners and i certainly know the chinese and the russians want to do it right. all right well let's talk about what's happening on the markets this hour they've been quite shaky today a very volatile actually session not just in russia birds elsewhere too and the r.t.s. mice are now gaining a half a percent gating almost five percent this hour and that's the spike the fact that moody's agency said it's going to review its rating and that of t.n.t. visa's recent acquisition to a potential downgrade because of these big size

and we caught up with jim rogers to get his view on the idea and he says is a great idea that the big three will try to undermine. but they've got a joint venture with an american company which is one of the few independent voices which have gotten things right in the past few years so this of the world needs this desperately it's not u.s. based it's not u.s. centric so they'll be a huge demand it will take them a while to convince the market but i'm convinced there is a huge market need i know their partners i admire their partners and i certainly know the chinese and the russians want to do it right. we are legendary investor i can say we've got a mixed bag is full the russian market system of wednesday the my six is now going into negative territory i can tell you though that gross net is up over eight percent us yet she the highest level since july twentieth lovenox despite credit rating agency moody's putting buses energy giant on review after the multi billion dollar patches and c n k p this week t n k b p district of iraq by the checkout i do both we've got a really i guess a p

and its main goal is to provide an alternative opinion to the world now earlier i spoke to the jim rogersthe said it was a fantastic idea except the big three will try to undermine it. but they've got a joint venture with an american company which is one of the few independent voices which have gotten things right in the past few years so this of the world needs this desperately it's not u.s. based it's not u.s. centric though there will be a huge demand it will take them a while to convince the market but i'm convinced there is a huge market need i know their partners i admire their partners and i certainly know the chinese and the russians want to do it right all right listen to what's happening on the russian markets the tables of actually turn that out moving down words continuing the rather negative trend said yesterday when the rhythm of declining around two percent now among the exceptions we've got to be moving up above bits point six percent but that's off historic lows yesterday and ross nafta is also up one and a half percent and that's despite the fact that moody's has just sa

it's that much of a problem it's going to be resolved i think ok gentlemen we're going to go to jim rogers in washington he's an author financial commentator an international investor jim thank you for being with us i guess i'm going to ask you what a lot of people been asking you over the last few weeks why have you decided to invest in russia after all these years of saying you never would. i'm delighted to be here i guess i agree with most of what they said in fact i'm delighted to see that show russia i've been negative on russia since i first went there in one thousand nine hundred sixty six i've been a bear a pessimist about russia but in the last several months russia russia is changing this is far as i can see it changing when things change peter i want to change whether that's how you find opportunities what's the can you just give us one example i mean like structural reform currency management i mean you know the way the equity markets are going give us one tip. well there is a structural reform and it's not fast enough i happen to agree with that but at least it's happening for

coming up on closing bell, commodity king jim rogers is predicting financial armageddon on the who arell tell us how he's investing ahead of that. >>> former council of economic advisors chairman glen hubbard has been mentioned as a possible candidate to replace fed chairman bernanke if mitt romney wins election. well, we're going to find out if glen would end the fed's stimulus programs in the next hour. >>> then maria's one on one with imf managing director christine lagarde who has plenty to say about our fiscal cliff here in the united states. we look forward to seeing you at the top of the hour from here at the new york stock exchange. see you then. >> we lynn deed see you then. >>> it is not a journey. every journey ends but we go on. >> chanel unveiling its new ad for chanel no. 5. he is the first pitchman for chanel's famous scent. he reportedly got $7 million for the gig. i don't think it's really sexy enough. >> they offered me $4 million. i was like, are you kidding? chanel, come on. they didn't offer me anything. >> they really didn't. >>> speaking of deals, this was the de

marc faber and jim rogers, chairman of chairman holdings. today, 1:00 p.m. eastern future ps now.cnbc.com. scott. >> in the meantime, here's what's up. bargain hunting for retail stocks. tom talk teles us why bigger certain always bet when half time comes back. >> next h e cover the breakouts and break downs in pops and drops. plus, they say the dumb money trades in the morning and the smart money trades into the close, so we reveal what that smart money is buying and trading before that finally bell tolls. when the ""halftime report"" continues. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. governor of getting it done. you know how to dance... with a deadline. and you...rent

. >> jim rogers, another famous investor told maria bartiromo he would rather invest in russia than indiaare more constructive as a market because it corrected dramatically until the middle of the year. people started throwing in the towel on what had been a richly valued market. we got more constructive because it cheapened up. we are value oriented in what we look to buy. it started to bounce back so it's not as attractive as it was three months ago. having said that we have started to see the beginnings of a reform movement out of the politicians in the last couple of weeks. maybe there are signs of life. big challenges, big country. a lot of positives going on longer term. >> jpmorgan asset management, george, thank you. >> thank you. >> let's go to mike khouw. you saw a big trade in the options market related to china today. what was it? >> the china 25 etf, we saw what looked to be a substantial seller of the january 3438 strangle. by selling the 34 puts and the 38 calls and collecting 1.80 in net proceeds they are betting on something that will be range bound, below the 38th strike

tomorrow, on the live futures now show, we'll have two very special guests, marc faber and also jim rogershey'll join us in a double header, one of the highest order, that's tomorrow at 1:00 p.m. on futures now.cnbc.com. >> they call that a double negative, i guess. both of those guys bringing a lot of gloom. jackie, thanks so much. >>> and next on halftime, they say a zebra can't change its stripes. what about one of wall street's biggest bears. we'll find out. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male announcer ] g

some sound from my old friend jim rogers on the new cnbc.com's futures now earlier today. think jimmy misses the romney boat. but here's what he said. >> it doesn't matter, jack, whether it's romney or obama. they're both the same. they don't have a clue what's going on. they caused the problems. these are the guys that got us into this situation. you think going to get us out? >> all right, jimmy is an old pal of mine and a real smart guy but i think he got that whole story wrong. jeff, let us assume, purely hypothetical. not asking you for any partisan things. let us assume mitt romney wins the race. would you have a different investment strategy, would you buy different stocks and groups than if romney lost? >> i think so, larry. today is a great example. coal up a lot. you had the hospitals certainly a group that would do better under obama underperforming today. take a look at some others. hmos, big banks likely to do much better under a romney white house and romney led heads of regulatory agencies than for the hospitals, diagnostic labs or home builders. >> because

let jim harbaugh talk. here is roger. he has given new discipline. in the new orleans saints.here are no changes. for the linebacker. and a bit of surprise as he was strutting around. they felt like they had a case. with a four-game suspension. and some secondary players. they are going to reduce those suspensions and they could delay further the suspensions with a repeal. and how about carole a ones? sending out eight wheat to the new york jets with -- terrell owens. and the jets... asking for help but they said never say never. look at the options. however, do you bring all went into the controversy of sanchez? and of course, tim tebow. when we come back. this backflip world record. and all bubba watson and a fan from applilachia state >> this is a world record. a 16 year-old from texas and a world record with over 30 backflips and congratulations and miranda...and bubba watson was on leno and had fun with teeing off food with cake peppers and arnold gave more embarrassement...a book seller? and embarrassing his family. i don't spend money on gasoline. i am probably going to

jim avila. >> 685, what can i do for you? >> roger. got an unusual one for you. >> reporter: no one can remember this happening before. not passengers, so rattled they didn't want to be identified. >> the seats flipped backwards and so people were essentially on the laps of the passengers behind them with their legs up in the air. >> reporter: not aviation experts. >> i've never seen anything like that in all my years, 30 years of covering the airline industry. >> reporter: no one can remember airline seats disconnecting from the cabin floor. and now it's happened twice in three days aboard two american airlines 757s. >> during climb out, rows, passenger seats row 12, d, e and f came loose out of the floor. >> reporter: american airlines flight 685, from boston to miami, diverted in mid-flight, declaring an emergency and landing at jfk in new york because a row of seats had disengaged from its rails on a nearly full flight. one of the displaced passengers is moved to the flight attendant's jump seat. but fearing turbulence en route, th

carlos rogers put the game to sleep. jim harbaugh should be in a good mood today.ense turn them. both players and head coach. every guy play within the framework of the defense. they hustled all-out plays rough tackling and certain guys to a man. they did a great job. >> ÑóÑó vo: for years, sacramento politicians have chopped away funds for our schools. today, we're forty-seventh out of fifty in per-pupil funding. now these politicians say unless we send more tax dollars to sacramento, they'll cut education again. here's a new approach. prop thirty-eight sends billions in new education dollars straight to our local schools, and guarantees the politicians can't touch it. thirty-eight will restore the education cuts from sacramento. so remember this number. thirty-eight. >>> arnold schwarzenegger's new affair confessions. today, is he being fuelled by fame? >> we take you inside his new york book signing. >> i'm kevin frazier. >> i'm brook anderson. >>> "the insider" is on. >> it makes me look back. it was painful but necessary. >> pushing his new tell-all despite th

roger penrose, one of the greatest living physicists believe in it? >> stephen: maybe i should let him explain it. well, thank you so much for joining me. jim holt.e book is "why does the world exist?" we'll be right back. (cheers and applause)

first presidential debate tonight's vice presidential debate, hosted eed by becky qu and jim cantore is must see tv. rogers us now, good morning. >> hi, andrew. >> thank you for being here. >> thank you. >> what do you expect? what is biden and ryan going to do what would you tell them to do? >> first of all i think it will be an interesting debate and by past standards of vice presidential debates perhaps as john harwood was saying earlier an important one. it's an interesting contrast, vice president biden as we know is very experienced, i think he's very good at this type of thing and i think he's avuncular and much older than paul ryan, who is -- >> should he go for the jugular? >> i think he will be very aggressive. he'll be aggressive because i think that's his style. he'll be aggressive because he'll want to counter a sense that president obama was passive in the first presidential debate, and i just think he'll go for it as john harwood said, from the first moment. >> is kentucky far enough south for him to use that accent, the southern accent that he uses, do you know? kentucky fought for the sou

rogers ran it in for a touchdown. they shut it out. 34-0. the players said at the end of the game that is more like it. according to jim harbough. >> when your players said more like it, what did they mean by it? >> i understand they said that do you know what it meant? >> more like like it. >> more like it than what? >> that's more like it. they were pleased with themselves, job well done that is the way i took it. >> that's more like it. [ laughter ] >> okay. the raiders had won 4 straight in denver looking to make it 5 after last week's thriller over the steelers opening drive. peyton manning, does not look like he lost any arm strength to me. going 7-0 broncos. raiders down 10-3 before the half. palmer to moore. 37 yards, look at the huge open field tackle, saves the touchdown. they trail 10-6. the 3rd quarter, they all fell apart. 17 yard score to make it 17-6. manning, over three00 yards and three touchdowns on the afternoon. the second half, a debacle. blocked by david bruteon. can not blame a long snap or that one, you can? mcgahee gets it out. 112 yards rushing. denver, 505 yards of over fence. out scored the

roger. the cuban missile crisis games and brianna. these. little. old. welcome back to the kaiser report imax keyser time now to turn to jim rickards a fund manager tangent capital and author of this the blockbuster best seller around the world currency wars the must own book to understand what's going on in the global economy today jim rickards welcome back to the kaiser report thank you max nice to be here all right jim u.s. federal reserve chairman ben bernanke he spoke in japan on sunday essentially acknowledged that the u.s. is a gates and a currency war now you tweeted that quote bernanke speech is fed holding a gun to its own ad and saying nobody dollar gets it right operate sure thing this is actually it's news in a start is it two different ways the cars who has been going on since two thousand and nine this was really concocted at the g twenty summit in pittsburgh in september of two thousand and nine announced by the present the united states in january two thousand and ten and the state of the union address but until two days ago neither the fed or the treasury has ever admitted it publicly now finally we have

roger adds i liked it best when mitt romney held jim lehrer down and gave him a haircut.missing the important message of the debate, bill. romney showed everybody what a bully he is. yeah well, president obama should have called him on it. a listener or viewer who identifies himself or herself as blue voodoo simply says we got etch-a-sketched! that's not my plan today says romney. well if romney runs on being the same as barack obama then why would anyone change horses midstream and go through the same learning curve all over again? and anita parnell says thank you, thank you, thank you for having jamal simmons in yesterday. yes, a big thank you to john fuglesang and jamal simmons for stepping in here while i was off for a couple of days. two more hours of debate talk coming up. >> announcer: this is the "bill press show." [ ♪ theme ♪ ] >> bill: yes hello everybody! what do you say? it is thursday, october 4. this is the "full court press" on current tv. welcome, welcome to the program. good to see you this morning. and thank you for joining us. this big thursday morning

jim harbough and the giants. >> they are an outstanding team. they do everything well, often simply offensive and an all around top team and roger is still suspendedplined and bounty gate with no charges and defensive end they stay as is and reduce suspension for other players and appealing and roger gadelle is sewating it out now they will say he is back in chage and toreell ownes he took to twitter saying to jets, "i am ready and able"..they will look at the optinoons and the red bull rampage and the moutnain bikers trekked into the desert, with his fristirst rampage civvictory and .... what a great giants game! when i touched pam please forgive me, that that could cost me my job. pala @ take a look at her -- [laughter] and you have never complained before! >> i can show you the scars ! and has [ laughter ] [ girl ] wow. you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah, blah, blah. if i had a sleepover i couldn't just move the tv into the playroom. no, we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch we musc

roger, appreciate your time. sorry it's so limited tonight. thanks for staying up late. >> thank you. >> we appreciate it. let's get to the spin room with now on how the candidates performed, jimr adviser to the campaign, john? >> thanks, maria. i just want to ask you about what roger altman just said. he said that governor romney walked away from the tax cut. did he? >> not at all. i think he did an excellent job tonight. both of critiquing the position that we're now in under the president and presenting a choice in terms of his own plan. i agree with a lot of what was said in the panel. i think he was dynamic and in command. i think this may have changed the dynamics of the race. what he said tonight, is look, he wants to do in one package what ronald reagan did in two. he wants to cut spending and then also reform deductions and credits while protecting the middle class. and reagan did that over a period of four or five years. he wants to do it all right away. i agree with what everybody said. he did a great job explaining how he worked with bipartisanship in massachusetts. >> let me jump in here. how far does this take romney in your view? how important was this tonight?

roger hedgecock. >> stephanie: the north carolina paper the winston-salem journal that endorsed john mccain that said obama is the best choice for president. >> wow. cool. [ ♪ "jeopardy" theme ♪ ] >> stephanie: jimcluding the poor, veterans elderly women gays, we found it hard in the last few weeks to tell what obama's challenger, former massachusetts governor mitt romney really stands for. who said that? [ buzzer ] >> stephanie: winston journal endorsing -- wake forest country. they endorsed grampy mcfame. [ ♪ battle hymn of republic ♪ ] >> stephanie: on "meet the press" yesterday, wait for it. he actually said -- president obama said this or that. it is like he stands for nothing. [ ding ding ] he said that about president obama. he is a romney surrogate. >> it is called rejection. that guy's weaknesses. [ ♪ battle hymn of republic ♪ ] >> that was weak. >> stephanie: winston-salem journal went on to o say under obama's policies including the successful bailout of general motors, the country averted a far worse economic disaster, maybe even a depression. the economy is slowly recovering. we say that with a caveat however because -- i'm sorry romney's policies warmed over trickle down economics