jp morgan especially. there may be more specific action that leads jp to believe that.of something like home depot, a lot of retail hacks that we have seen over the last year, target included or high-level cyber criminals. but it's also possible that in russia and ukraine and other places that the authorities are getting a cut of what the cyber criminals are taking as protection money. bavelly, there is a lot of protection that these guys can flower irish and some of the money floats back to the authorities. >> michael and ken, security, thank you both. two stories we will continue to follow. time where we focus on the one number that tells us a whole lot. sarah is here with the bite. what do you got? >> 65,000. >> that is -- >> that is the number of women in majors that companies will be able to directly target using a new software made by the startup that the students use any way. they are saying, if you buy our software, you can directly contact say a woman who just finished her computer science 101 class and is deciding whether to stick with a major. contact her dir

. >> it's human nature for jp to react locate that. the good side the way we handled ourselves afterwards. >> defensive miss cues loud jackson to have productive return to philadelphia. he scored from 81 yards out to tie the game and performed a td celebration that poked fun at the gird bird. eagles laughed laugh with 37-34 victory moving on to three and zero. >> out there with my team trying to win a game. doing everything i could to put up a great ever. what i was great game. credit the other team. they did great job. we thought throughout the game. just unfortunate we wasn't able to win that game. >> coming up in the zone eagles great hold his thomas and rob cherry join to us break down the game follows the news on the sports zone. we'll be right back. >> it is among the most prestigious races in the world and this one comes with a little rock and roll g "eyewitness news" at the rock and roll half marathon in philadelphia. thousands part ited in this year's event remarkable finish by dina castro of california. she shattered the worl

jp mentioned transparency. i want to echo that. you cannot be 100% transparent when in a business competing. you can be open and honest and engaging. our ceo likes to say we keep our product development somewhat secret at apple. on clean energy, we want people to know what we're doing. >> how do you tell people not sounding like you're bragging, not some pr campaign and have it turn back on you? >> that's a great question. a piece of this is consistency. in the business we're in, time lines are long. product cycles take a long time. choosing a handful of goals, being realistic on the milestones and consistent on how you report on those. it's interesting with branded companies. i think for me it's been the power of collaboration. companies can't do this on their own. >> hugh, lisa, jp, i'd like to thank all of you. >>> and this is next on the global initiative. it's a place where people can come share knowledge and ideas. it's beautiful. that's deep charlie. my selfie just hit a hundred likes...(gasps) a hundred! at&t is building yo

jp, it does not sound good. let's just say that right off the bat. >> obviously, john, you pegged it with windows iced up and you have pressurization failure and you have unresponsive person and if there were other people in the cockpit, obviously they would be responding. so probably the worst case scenario, lack of oxygen and they have succumbed. >> we understand it was flying at 25,000 feet. if you lose pressure at an altitude like that, you have seconds or minutes where if you get to a lower altitude quickly enough, you can maintain control. >> of course. 25,000 feet is not like 31,000 feet, but you would have not much more than maybe 2 1/2 minutes of cognitive response. you may be alive but unable to function or you are drifting off. you would not exactly wh know e was going on. >> the fact that the windows are fogged over, it suggests a pressure release and not just a pilot heart attack or something like that. >> my first thought was the pilot incapacition. >> we know the pilot filed a flight plane headed

i still don't understand jp morgan. it doesn't make any sense to me.aybe tomorrow they'll go in at 351. >>> coming up next, we're less than 24 hours away from the fed's decision. will janet yellen signal a rate hike is near? that's next. >>> and later, eddie lampert is giving sears a $400 million loan. karen has the fine print on how he could benefit. that's coming up. an unprecedented program arting busithat partners businesses with universities across the state. for better access to talent, cutting edge research, and state of the art facilities. and you pay no taxes for ten years. from biotech in brooklyn, to next gen energy in binghamton, to manufacturing in buffalo... startup-ny has new businesses popping up across the state. see how startup-ny can help your business grow at startup.ny.gov tigers, both of you. tigers? don't be modest. i see how you've been investing. setting long term goals. diversifying. dip! you got our attention. we did? of course. you're type e* well, i have been researching retirement strategies. well that's what type e*s do.

if jp morgan, god forbid would have a problem, we would have to bail them out. j.p. if jp morgan went over, the dow would probably go down 10,000 points. >> so there is a lock, like we had years ago, during the meltdown, we would do it all over? >> they know it, they would have to. it's not reckless behavior, it's called a moral hazard. even with lehman, you had the long-term capital situation, which is when the big hedge fund blew up back in 1998 was essentially a bailout of all the big american banks. you had a lot of dry runs for what happened in 2008 over the last years, we bailed out banks in small dosages leading them to think that they'll all get bailed us. i don't know if republicans really do, but if they make these bangm smaller. >> never happen. >> i -- we have become smaller, guess what? everybody in terms of deutsch bank, maybe, but small banks do pretty well too. but if we don't make them smaller, we're going to bail them out again when they get in trouble. i received moral support today from -- >> talking about moral ads. >> from none other than the mu

global markets, strategist at jp morgan.oard one 0's and turn38 left. ♪ >> welcome back. in london.24 betting that the this is -- the business section will be plush enough to replace the first-class. busthe head of air delivers a plane to -- >> you don't have to go over the moon in providing things. costs it provides -- money and wait. -- weight. it becomes very unaffordable to an airline. we are there to make money. >> row upon row of business classed -- business class seats with a few luxurious ones upfront. cabin. the first class i'm quite comfortable. the question is how much longer leg i employer pay for the room before they send me back? i can fully stretch out in business. i could sleep through the night. i could not taunt my friends that i was in first and i would have to share the cabin with a lot of other people. this is a business class bathroom. everyone wants to take a look. i can come back here to the bar and enjoy a drink. it is not open to the passengers below. if i meet anyone from business class in the loun

. >> and think about it, banks like bank of america and jp morgan hiking it to june from the third quarternext year. you have to start worrying about the trades. >> that's a good reminder. if they're raising rates, that's a reason to buy stocks, if rates remained low, that's a reason to buy stocks. but this is telling you the equity markets and all risk markets are going to respond and anticipate the rate increase, and you're going to see a decline in asset prices. >> yielding sectors, utilities come to mind. >> the xef for the utility sector. great performance, up 25% on the year. doubling the s&p 500. and 3.5% dividend yield. but thinking about history and what just happened in the real estate sector this year, to me, the volatility is very low in the xlu despite the increase this year. and with a sustained selloff, at the end of june, the lows in august, the xlu sold off 10%. it was something today when the etf was 3245. and there was a put spread, the 4240, i paid 60 cents for it. that's the max risk. what i'm trying to do. i bought one of the october 42 puts for 80 cents and sold one

. >> hugh, lisa, jp, i'd like to thank all three of you. >> a look at the news for the week ahead andnsumers care if companies have a conscious? that's next on the clinton global initiative. >>> for more on our show and our guests go to our website and you can follow us on twitter at on the money. here are the stories coming up that may impact your money this week. on monday figures for august come out. tuesday we'll be getting consumer confidence numbers. on wednesday the closely watched ism manufacturing index is released. we'll be getting auto sales for the month of september and braes cancer awareness month begins. on friday the big number of the week when the employment report for september comes out. joining me right now is shannon sky lett skyler. shannon, thank you for joining us today. >> thank you for having me. >> we have been talking about corporate responsibility and can you really have landscape in corporate america today? >> sure. it's really evolved over the years. people would know it most family as philanthropy and four or five years ago it shifted around corporate s

after defeating embattled state rep jp miranda in the spring primary.how did you rally the people to vote on your behalf. the message was right the ability to connect with people .. at their level helped rally people around this campaign and around me. and getting latinos civically engaged is a big challenge. voter turnout in the hispanic community has long lagged behind african americans and whites. are there language barrier issues? absolutely. and that's why ken trujillo started his spanish language media company. and last fall, we launched mi philly dot com and quickly became the most viewed spanish language website in the region. civic leaders in the hispanic community say converting their power in numbers into real political power is a key to solving problems in the barrio. 44% percent of the people live under 20k dollars and there's an underemployment of 50%. i would hope that jobs is hugely important. housing is another issue that we have. and cleaning up our community ..we want to be able to bring resources to our community that people feel goo

. >> you think about these things, you have bank of america, jp morgan, moving up their forecast.ow to june from the third quarter of next year. you have to worry -- >> that's a good reminder, for a long time everybody thought if they are raising rates that means we have good economic data and reason to buy stocks and if rates remain low that was a reason to buy stocks. it's telling you the equity markets and all risk markets are going to respond and they are going to anticipate the rate increase and see a decline. >> utilities come to mind. >> let's talk about the xlu for the utility sector, it's been a great performance, doubling the performance of the s&p 500 and 3.5% dividend yield. this is a great defensive sector to own for a lot of reasons but thinking about history and what happened in the real estate sector this week, to me the volatility is low in the xlu. if we do have a sustained sell-off, so you know at the end of june to the lows in august, sold off 10%. to me it looks interesting here today when this etf was 42.35, i looked to buy a october put spread, i paid 60 cen

i would love it if wells fargo and jp morgan did better underwriting and cheaper prices to millions of americans that deserve that rate. >> the website is meetearnest, correct? >> correct. >> we'll be back in just a minute. >>> welcome back. i assume you're familiar with ted talks, easily available online. all kinds of subjects. what's cool about ted talks, they are free, even though a ticket to the actual talk to be in the audience is $6,000 and you have to be invited. ted is at the same time the most elitist and accessible event of its kind. to be a ted speaker, you have to be at the top of your field, one in a million. but then ted invested ted x, where anybody can be a speaker talking about anything they wish. my next guest loves that idea, a theory he calls the res prosty advantage, which says somewhat counter intuitively by sharing your most closely guarded secrets, you can grow your own business. author a book by the same name along with his co-author. he's the man behind -- are you ready for this -- swifer and febreze, kind of cool. thank you for being with us. >> how is this d

you have bank of america, jp morgan moving up their forecast for when the fed is going to hike interestates now. >> for a long time everybody thought if they're raising rates we have good economic data and that's a reason to buy stocks and if rates remained low that was a reason to buy stocks but the equity markets, actually all risk markets are going to respond and they're going to anticipate the rate increase and you're going to see a decline in asset prices. >> speaking about yielding sectors, utilities come to mind. >> that's for the utility sector. it's up about 15% of the year. that's doubling the performance of the s&p 500. 3.5% dividend yield and this is a great sector to own for a lot of reasons but thinking about what just happened in the iyr, to me the volatility is very low in the xlu and if we have a sell off, the xlu sold off 10%. so me the technical set up is really interesting here today when the etf was 3245 i looked to buy the 4240 spread. i paid 60 cents for it. that's my max risk. i bought one of the october puts for 80 cents and sold one at 20 cents and if i get thi

a lot of people want to know if tom is as bullish as he was when he left jp morgan. minute. when change is in the air you see things in a whole new way. it's in this spirit that ing u.s. is becoming a new kind of company. ing u.s. is now voya. changing the way you think of retirement. whenwork with equity experts who work with regional experts that's when expertise happens. mfs. because there is no expertise without collaboration. for over 60,000 extra curricular activities help provide a sense of identity and a path to success. joining the soccer team. getting help with math. going to prom. i want to learn to swim. it's hard to feel normal, when you can't do the normal things. to help, sleep train is collecting donations for the extra activities that, for most kids, are a normal part of growing up. not everyone can be a foster parent... but anyone can help a foster child. ♪ >>> he was the former chief u.s. equity strategist for jpmorgan. many said he was too bullish w. the s&p where it currently sits, the call is accurate. today he has a new research firm. he joins

the hacking of jp morgan, what should be the first thing on megan's to-do list?> execute the plan that todd park set up for her. launching with rigor a playbook for the digital service for the government and ensuring we have r&d investments, to create long-term economic opportunity and working as i hope alex will take the lead on, execute the internet policy principles so when we make these tough decisions on cybersecurity and privacy that we execute. the policies have already been written. we are not inventing new privacy policies but how we execute new ideas and see them to the finish line. >> what does it mean in practice for silicon valley and technology companies like google? like facebook? like apple? how does the c.t.o. impact them? >> i hope it's an opportunity for an interface and not solve problems with government on its own or the private sector on its own but the public-private interface and i think the principle role is to foster greater improvements between the public and private sector. as government opens more data, it allows to build new products

now, anthony chan is chief economist at jp morgan chase. anthony, was your prediction for the number? >> i'm looking for private payrolls to come in around 230,000 nonfarm payrolls, a headline number, somewhere in the neighborhood of close to 240,000. and the reason for that is that the economy is gaining momentum. we certainly saw that in the service sector. reaching a nine-year high when you look at the service sector purchasing manager. so you're seeing a lot of other corroborating data suggesting labor market conditions are indeed improving. >> i wouldn't be surprised to see a lot of focus in the data points. if we look at the long-term unemployment participation rate, that still is at very, very high levels, closer to 62%. just to vindicate janet yellen's view of being an uber dove, wouldn't it? >> i think it does. i think that labor force participation rate has a long ways to go. but you've seen some research coming out of the federal reserve suggesting that a lot of the reason for the weakness in the labor force participation rate ar

bringing in the global chief market strategist with jp morgan asset management.my, record jump in factory orders continues to come in strong. are you surprised to see this kind of strength? >> you know, the manufacturing data caught people by surprise, but the weakness last quarter, we expected a rebound. yesterday's report, getting some back in europe and japan and u.s. continues the strong run of manufacturing data. >> continuing to make u.s. assets whether they are stocks, bonds, or the dollar, all in rally mode right now, attractive? >> exactly. equities particularly attractive. we are see a strong economic backdrop materialize. that said, we expect interest rates to move higher over i'm, and more u.s. data will be a catalyst. >> speaking this morning on "squawk box," the stock market at the all-time high, but economic activity is not at the high, and, therefore, we're as a rule near-- vulnerable to a correction. dpl there's risks out there. europe is a risk for the united states. with what's going on, we'll see back and forth. we're not going to see things s

jp diner, folks from antiques at 200 east, by the way jp they gave me tiny apple bacon pancake.hat's so cute. so, antiques are here. now, on the other side of the street, we have national pen bang, the endless circle, lock at the artwork, unbelievable. we have lombardi and associates, they came out to welcome us, as well. sigh hi, you're on tv and downtown dogs, remember when jen was here and she drank a whole bunch hot saws. it was there fault. but i think you cleared her sinuses, look at this delicious food here. i'll have my apple pancake. most amazing part. signs, five and ten store, has been here for 102 years. we have pictures from back in the day. real a trip back if time. but they have all of the modern stuff you need, as well. it is so amazing here, what else? oh, and here on broad street we have row thread, great re-sell shop, consignment shop. so we end up with the folks from quakertown action park. we will take a look at the number of day, then really show you comings, here on fox 29. so the number of the day is so much improved. it is eight out every ten instead of

. >> thinks jp's diner right up there. >> i'll just go up there. >> on broad street. >> thanks, ladies>> oh, i am going to stuff myself with this big pancake. >> it is kind of big. >> i will take a short stack. >> good one. >> now that is a pancake. >> hot dog and a pan cake. >> ♪ >>> one of my favorite stores in quakertown has always been there, let's split up here for a second. when was this built? >> 1926. >> 1926. so it is signed. everybody knows signs. isn't that weird. that is a sines, sines, they misspelled sines. we will take a closer look inside. what do we want to show them. >> we want to talk about the ride up here. >> we went way out of our way to get here because of tom loudon. >> thanks, tom. >> there he is. >> he says best way to go to take the blue route and so this is how it went. >> we're going to quakertown. your we out in south philadelphia. why are we going this way. >> so you are going to go south to get north. >> i doubt we will see you today. >> we will be there on time, don't worry about it. >> we went by wheeling, west virginia. >> somehow we have ended up on

told me he had been informed by sam jp they power in -- samantha power, and for now they are not making a military objection. >> ambassador power wrote to the u.n. secretary-general stating article 51 stating that states have the right to self-defence. with u.s. hostages executed by i.s.i.l., it's the legal justification america claims for it mission. >> as the u.s. holds the presidency of the u.n. security council last week john kerry chaired a special session about i.s.i.l. on wednesday, another meeting, this time chaired by president obama himself. there's likely to be discussion about the legality of the air strikes and all will watch to see the position russia takes. >>> al jazeera's correspondent is here with us. tonight there's a dinner with hassan rouhani tonight. 10-15 people. >> 15, yes. >> give me a sense of what the conversation was. >> i have been to the dinners before, in the battled mahmoud ahmadinejad days, and everywhere gets to talk. 10-15 opening statement, with the foreign minister and chief of staff. there's a lot of topics from israel, nuclear, syria, a lot of focu

see jp men have taken to cosmetics like no others, despite being macho and tough. >> reporter: when theory is they have to try harder for the women. who are likely to marry on the wishes of their personalities. >> previously it was a taboo, now it's a virtue, seen as a demonstration of good sense and a social and economic symbol. >> if you look, you can find male grooming down the old-fashioned way. that man has been cutting hair for 45 years. changing taste means the barber shop business is in decline. >> maybe some day we can bring back masculinity as before. perhaps in five for 10 years people will come back to the barber shop. >> for now she'll focus on the middle age and up and hope the men tire. >> middle aged, harry. that's it from me in the news hour team, but i'll be be back with another half hour. >> oscar winner alex gibney's edge of eighteen. an intimate look... >> ...wait...is that a camera? >> at the real issues facing american teens >> whoa...code red.... >> dreaming big... >> i gotta make it happen... and i'm gonna make it happen... >> choices made.... >> i'm gonna lose any

jp morgan chase, 59 poi.76. and boulder brands at 14. >> they're supposed to be for the wealthy, but how safe, how ironclad are they, and do you think they would lead to more divorces? we'd like to hear from you. go to cnbc.com/vote. now to robert frank. bring us up to speed on the griffin divorce and how it fits into the context of big prenups. >> well, prenups are almost always challenged inevitably, but they are rarely broken. that's likely to be the case of robin griffin and billionaire ken griffin. she says her prenup gives her roughly 1% of his income. she's using custody of their kids to get more money. she's already received tens of millions of dollars, they say, during their marriage. there is a challenge to prenups. the first is fraud. that's where the wealth was either hidden from them or the assets were undervalued. steve kohn argued repeatedly there was fraud in their divorce. didn't work. representation. the argument here is that the spouse didn't have proper legal representation or wasn't capable

i have managing director and vice chairman for asian pacific for r jp morgan. want your take on the speech. is it going to come to fruition? >> absolutely. i think innovation is going to be the driving force for chinese economy going forward a. it is no longer local manufacturing. the economy is transitions to a service driven economy. as the economy becomes higher end in terms of income levels, china becomes middle income country, clearly technology innovation will may a much more important role going forward. >> he mentioned about opening up china to competition. one of the eye catching reforms is china will will make it easier feasy er firms to operate overseas. you're familiar with the stock exchange many hong kong. tell us why you think that's an important development. >> china opening up to rest of the world at many different levels. you have portfolio flows going to become more open linking the market as for the first time. it's something called shanghai hong kong connect. also in terms of foreign direct investment, for many years, china was attracting i

go pro shares lower despite jp morgan raising price target on the company to 54 from 51 snapping a fivetreak. it has been on a tear. the kacompany's ceo will join u live on monday here on "power lunch." >> i'm going to wear a go pro. you can follow me. >> really ruins your hair but you have to do it for the job. >> let's check the markets. we are stronger on the trading session. we have a triple digit gain on the dow jones industrial average of 101 points. the s&p is up about nine and the nasdaq composite is up 22 points. we are making up for yesterday's drubbi drubbing. >> with the ten year note that is story to unfold over the weekends. street signs begins right now. have a great weekend. >> you, too, sue. >> we'll see you monday. >>> yahoo under a hedgefund attack. one of the world's biggest investors quits his job and stocks on the rise t. is a huge news friday. all the developing stories ahead. melissa with us today. >> it is great to be here. let's get to the big yahoo news here. starboard upping pressure to buy aol. yahoo analyst gene munster great to have you with us. >> hello.

jp crawford wins paul owen as word as best minor leaguer. tied it up for him. wild pitch for chase utley like it when that happens. stage one bottom of the tenth. one out cody ashe and that is kid's first ever walk off home run. he was mobd at the plate. phillies win-1. hamels logged one and for arby a great memory and free dessert. >> rutgers up next for penn state. omar big ten debut. franklin hoping to start season 3-0 but they'll face hostile new jersey. coach has been blairing music all week in hopes it will help the team concentrate. sounds like he's taking a page out of chip kelly's book. >> that's a change you can have music and other things going until the snap is immeant. we'll get our guys prepared about that. it's not until it's imtent it will be the whole time, rock, country, rap, hip-hop, club like atmosphere. >> diverse music there. >> i am going to try to get a scholarship to penn state practice is fun. >> i like this guy. >> me too. >> months ago a seahawks garden no dace period. and last week it reappeared on own's door step outside of seattle

. >> i think that's perfect because their assessment of isis changed from the jp team to a group thatwas heavily armed, took tremendous territory and they have intense. >> is it inherently suspect to the media raiding all kinds of alarms that the president may differ from what his general is saying? >> i think it's fine to raise it, but it's important to put it in historical context because it hasn't always happened, throughout history that has been the case. there have b disheses between the president and his general. >> we have to go, but can you discuss that? >> she is right in that they have a right to differ. >> and let the record reflect that howard kurtz just likened george w. bush to abraham lincoln. >> send me a cheat about our show at this hour. ahead, are the media now trying to damage the national football league over domestic violence? but when we come back, an extremely harsh politico piece paints debbie wasserman-schultz as in deep trouble as the white house chairman. the white house using the press to tarnish her. [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inh

but we are seeing, it appears, more and more accidents involving pedestry jps. are police holding bike riders accountable to traffic laws? >> i think enforcement is a part of it. there needs to be more of that. >> do you know anybody that has a ticket? >> absolutely. people call me all the time i say "did you run the red light?" "i don't." >> knowing we were doing it segment, i watched the bike riders, he went through two red lights, through the third, there stopped. >> i mean, that's part of the - that's part way there. the other side of the going is texting by drivers, friendships. you know, as a cyclist i see it all the time. you look at the cars, and it seems like more than half of drivers are on their phone doing something. that's a problem. >> there's laws in place, california, maryland, minnesota, where drivers have to keep a certain distance as they pass a bicyclist on a road. should bisick lifts -- pedestrians. >> i think it's a step in the right direction. however, a pedestrian stands to get injured being hit by a bicyclist. it's nowhere another the in

jp morgan overweight from neutral. target from 32 from 49.ompany is called turnium. >>> let's get to talking numbers. let's look at ge. erin gives s&p capital iq on the fundamentals. carter, i begin with you. ge, does it bring good things to light? >> dullard comes to mind. ge, you are good. this is a stock that is obviously badly under performing. it was keeping up with the market. if one looks at a comparative chart orabsolute chart the absolute chart looks like up trend is in tact. the stock versus the market. you are under performing by 1,500 base points on a trailing basis. it's lost its wag. we characterize this as a pair of twos. >> it has lost its way. you are telling it how you think it is. how about the fundamental side? >> i disagree especially since they just announced that they are selling their appliance business for $3.3 billion to eelectrolux. while this is a big part of ge's public persona but a small percent of revenues, about 8%. this is consistent with ge's overall strategy they have been implementing of moving away from n

. >> trying to say that jp morgan had no exposure to bear stearns and none of the other had exposier not at risk of failing. >> not of risk of failing bah risk of being harmed like the rest of the banking system. i find this quite to be a lot of revisionist history. >> i need to change the topic drastically. we're getting more on the price range now from alibaba as we get ready for this ipo coming up on friday. what do you have? >> yes. we are getting word that it's $60 to $68. $60 to $66 was the range before and narrowed it and raise about $167 billion for the company. at the high end of the range. $68, an interesting number. eight is considered a very lucky number in china and talk about the fact they want an eight involved in that price range because it is considered good luck so we'll see if they can do it at the top of the range. middle of the range that would be $67. so certainly still above the first range. and by many measures a conservative valuation for a company that as we have discussed with a stronghold on the market share in china. we want to talk about with eric jackso

. >> that's good for apple, and other companies for x volterra is a company that jp security should be bought. >> with stock. >> apple is going to come after that. i think it is wise for apple to wait until it has sufficient supply to go after that markets. is there a regulatory portion of this? probably, but it's not insurmountable. >> when it comes other country, how do you expect the sale to play out? >> very strong. othernorth america, the geographies have been starved for larger screen iphones. there are a lot of geographies where people can afford a phone and a tablet. a hybrid device that can serve both roles is very advantageous. there also nations were there's a greater degree of commuting were larger screens come into play. we think it will be a very strong international rollout. year, after the release, they said the quarter looks even better than we expected. today.re mum does that mean things are just as expected? when you make of that? >> we haven't had them talk about the preorders and initial weekend sales. there is actually more information the sheer than there was las

china's tech company last week became the first to announce the use of sapphire screens as well as is jp morgan accepting the adoption of sapphire face plates for smartphones to rise next year. what do you think? >> i don't want to give up. i was watching yesterday on squawk box and he was telling you sapphire doesn't cut it. they're going to stick with gorilla glass and i was thinking that is going to crush gtat. that's the way this business works. we'll take a look at it then. but it's still for sale from what i can tell if it goes lower. all right it's all about solving unmet needs people and apple has a way of solving unmet needs that we didn't even know we had. whether it's hollywood's elite or your purchases at the country's largest home improvement player the battle for cyber security is taking center stage. i'm unveiling the companies on the front lines. then i talk with one that surged 10% today. they're trying to make the enterprise more secure. find out if they can continue to lock down profit. but first oil has been on a real decline. there's one play in the space that may be

. >> you mentioned the junior varsity comments, how we go back to jp when president obama -- to january when president obama said that. i.s. controlled big parts of syria, it had come down through iraq to the heart of iraq and taken fallujah. what point is it a crisis of imagination, a problem of imagination, when does it become denial. >> none so blind that will not see. >> at that point they showed they had. >> there's a lot of that. there was a question of what do you do about it, what can you do about it. the minister knew that the maliki government was a disaster. so we were in the situation where obama didn't want to lock himself into a situation where you say this is the biggest threat you see on the terrorist front and not be able to do anything about it. one thing that was disingepous is something that could have been done. would the american people have been ready six months ago. i don't think so. if you look at the record a year ago, it was not the case. after the words of this being the biggest threat, you write about the footside of all of this, whether there's excessive al

they worked for bank of america, jp morgan chase, sbc, td bank and wachovia.hey allegedly took social security and account numbers and used that information to create fake i.d.s and documents to withdraw money. >> it shocks me. i'm thinking my information might be out there. i will have to change my bank. i would, yes. >> the people affected were customers at branchs in new york, connecticut and massachusetts. all five suspects are charged with grand larceny, identity theft and fraud. >>> here's something that would scare any child, elmo in handcuffs. police at times square arrested a woman dressed as a sesame street character after tourists say they were harassed for money. police say they witnessed the tourist posing for a picture with the elmo impostor yesterday afternoon. the tourist tipped elmo but the redmonster allegedly stepped in front of the person as they tried to leave and demanded more money. she was charged with aggressive solicitation. thissen is is the the first time a costume character has been arrested in times square. batman and spider-man w

jp morgan issuing a caution note on tesla. a tough day for some of the larger cap technology and momentum names. >>> thank you. shares of tesco taking a hit overstating the profit forecast and suspending a number of executives. the company is launching an investigation on that. seema mody is live in london with the latest. >> the situation does not look good for tesco. the world's third largest retailer admitted it overstated the profit and found an accounting error which involved moving up sales and pushing back expen expenses. four executives at tesco have been suspended. the current auditor declined to comment. accounting firm has been called in for a comprehensive review as well as freshfield which is an exturnal legal adviser. this warning comes as another setback the struggling retailer is dealing with slowing growth, disappointing earnings, price cuts and not to mention rising competition from discount retailers. it also comes three weeks after david lewis came in as the new chief executive. lewis said it was too early

alibaba's stock finished above $93, making the chinese online retail site making it the same as jp morgan chase and walmart. allison kosik, cnn, new york. >>> after-hours trading, it's virtually unchanged, down half a point. >>> people who weren't snapping up alibaba shares had something else to buy friday. >> three, two, one! >> apple ceo tim cook there opening the doors of the company store in palo alto, california, as buyers rushed in to get the new iphone 6 and 6 plus. it sold more than 4 million on preorder on a single day last week. the total number of sales in the first weekend, we'll have to see, if it beats the record set a year ago. >>> in australia, he couldn't hold in his excitement or hold on to his brand new phone. >> this is just a normal iphone 6, yeah. >> okay. all right. we're doing a reveal. >> oh! >> the gasps from the crowd. turns out, good news, new phone, undamaged. let's hear it for apple. get that case on it asap. just ahead here, ukraine's president gets a big welcome from the united states congress but he wasn't on capital hill just to make friends. and very int

let's bring in david kelly from jp morgan funds.oss with pim co joining us in a few minutes. a lot of talk about when the fed will raise rates. we know it is coming and what damage it might do to the stock market. we prepared a chart going back where stocks have more than not risen when the federal reserve has raised rates. do you expect the same? >> what we found is when interest rates rise from very low levels it is fine. people feel better about the equity market, stocks tend to go up. when interest rates rise from a higher level it is because people are afraid of inflation. >> what are you expecting today? will there be nasty surprises? >> i don't think so. the fed is heading in a direction. it is going to take several meetings to get there. but we know as the economy gets up on its own two feet and go on its own power we need the fed less and they will begin to normalize rates. as david pointed out in the early days of the fed raising rates stock market usually goes up. because the economy is doing better and earnings are and e

that's $13 billion in the case of jp morgan and $7 million in the case of citigroup and nearly $17 billione recently with bank of america. sums of money he argued entirely appropriate. >> yes, we are tough but we really do strive to be fair. and who knows what the few cher holds in terms of what other situations might come up? but i think, you know, at the end of the day, you know, most folks are patriots and they know that a strong economy is something that we all benefit from and to the extent to act in ways when called upon to make that a reality, i think people will answer that call. >> so in regards to the often-raised question, have the banks been overpenalized for purchasing distressed banks at the heat of the financial crisis, merrill lynch and created the liabilities for them, he says it's appropriate and people may step up in the future if crisis warrants to make deals like that. one other thing, given that tony west was negotiating with some of the toughest lawyers and bankers that money can buy with the wall street firms, i wanted to know what one of the most memorable moments

jp morgan affirming its positive rating on the stock, and we've got primary executions on the technicalssteven, i'm going to start with you, because if you don't know the history of taser, it has been a hotly contested, technically driven, short trader selling stock for about a decade. how does it look right now? >> you kind of hit the nail on the head. right now it looks like it's gone to a short squeeze. it's pushed up substantially during the month of august, but it is now considerably overbought in terms of momentum ice larters, and it's reaching n area of resistance in the 18 area that we've seen since february of this year. we would suspect those who bought it in that time frame are looking to get out, they're still holding positions there, plus people who bought it in august are probably looking to make a profit at this point. we would be thinking of the consolidation phase as a more neutral or cautious phase going forward. >> what about you, erin? >> even though it's a little overpriced, i like tb here. we saw a drop in the price because we saw a drop in income. the revenues were

the attacks on home depot and jp morgan were very sophisticated attacks. they took a very long period of time to carry out and they were targeting where the money was. in the case of home depot, it's similar to what happened with target, they went after their point of sale systems to get access to credit card information. the similar later between these two things is that both these systems have unexpected connections to the internet. people who use their cell phones then expect necessarily for the data on their cell phones to be replicated up to an internet-connected device. it's something a lot of people don't think about when they use these things. with point of sale systems, you don't expect them to be connected to the internet either, but those systems hit on -- they're all connected to the internet. >> woodruff: this is something we're learning. dmitri alperovitch, apple says it's sixth in weakness in security. does that mean people should be reassured? we've talked about google's cloud. what are we really dealing with here in terms of how much more