a couple of weeks back dan made a bearish call on jp morgan stock.e has made seven times and here is how. >> on "options action" it's money in the bank. risk less so we can make more and that is just what dan did on his bearish trade on jp morgan. >> if obama gets elected and i know there is a lot of excitement with romney this week i think he gets elected and air comes out of the stocks. >> just going short. >> you can engage in risky behavior. >> the president is right. so to define his risk dan bought the november strike put for $1. dan needs jp morgan to fall below by more than a cost of the trade or below $40 by november expiration. but paying $1? really? >> we have more work to do. >> indeed we do. >> show us how to risk less. >> i sold the october put. >> so to spend less dan sold the october strike put for 50 cents and created his put calendar. he did something -- selling the other shorter dated put dan cut his cost to just 50 cents. now dan sees profits if the stock falls by more than 50 cents he spent on the trade or below 40.50. it gets be

had you shorted jp morgan you would have made about 5%. that's not bad.an's put calendar cost 50 cents. it can be sold today for 70 cents and that is a 40% return. the first leg of this trade, the october put expired worthless. as dan hoped. he is long that november put which is at the money and decaying. the question now is dan going to clean up the trade and look to roll it or turn it into a put spread. >> our twitter followers saw what i did. last week, after that october put expired i actually sold a lowered strike put in november and created a put spread. i had that on very cheaply. and today when the stock was down below 40 i took it off. so to me like this is a great way to use options. a lot of people think about calendars and use them for a pure ball perspective. i took a directional view and tried to thread the needle around an event and it worked out just fine. regardless of what you are doing, you are lowering your cost of doing it by choosing a calendar the way i did. >> we have to find out the direction of jp morgan and we have to check in w

jp morgan and the sec are likely to reach a settlement soon that will end investigation into jp morgan's bear stearns unit. in the aftermath of the housing market collapse, wall street firms have been investigated for how mortgage loans were packaged and sold to investors. in 2010, goldman sachs paid a $550 million fine in a similar investigation. more trouble for greece. the country is on the verge of defaulting and eurozone leaders are reportedly delaying a decision on whether to give greece a bailout. protestors have been fighting the deep budget cuts greek leaders just approved this week. and now, reports say the eurozone leaders are said to be miles apart on another round of money greece needs by next week. one of the sticking points is how much debt relief greece should get and who will bear the loss from lower debt repayments. new estimates have been released regarding superstorm sandy's economic impact. "this storm will cost the coast around $50 billion in damages and economic loss. the state of new york, $33 billion in damage and economic loss." that was new york governor andrew

jp morgan was asked to turn over emails that may shed light on alleged market manipulation in california and the midwest. the bank turned over some documents, but is still under investigation. the firms call the allegations over-reaching and plan to fight back. big businesses are struggling to stay afloat after hurricane sandy. downed cell towers and power outages put a damper on cell use. verizon says the effect on its fourth-quarter results could be "significant." airlines lost $190 million. delta alone cancelled more than 3,500 flights, which cut $45 million in revenue last month. and about 300,000 auto dealerships were forced to close due to power outages. hyundai and kia are working to resolve a gas problem. both car companies admit overstating fuel effiency on the stickers in the windows on 900,000 vehicles. epa officials say the mileage was wrong and needs to be corrected. hyundai and kia are lowering the miles per gallon estimates on most 2012 and '13 models. the companies are offering gas cards to some customers. in ipo watch, restoration hardware and delek logistics hit the mar

next on my list is jp morgan. >> what is your middle name? >> christopher. >> funny. >>> we brought out the big guns. what did you make of the sellout? >> i think everybody here nailed it and that it is sentiment and there is a sfred pread of this contagion. sentiment has a contagion effect too. that is why what happens here can badly effect what happens in europe and elsewhere. i thought and wrote yesterday it is like two people dueling on a burning ship and they have got to get off the ship and can't push this right up until the edge. by the time we get to the fiscal cliff we could shave two or three thousand points off the dow. that is a dangerous thing that is going to hurt confidence. people will hoard more money. customers will pull their money out of funds and put it into mattresses. that is not what we want but that is what will happen unless these politicians, i'm not singling out one guy, unless the politicians get together. >> it seems like the cliff is a multiplier. >> we put up stats about how revenue was lower than last year. yo

jp morgan wasn't. for me, 40 seems like a level here.hat's something i think you could trade against. at the end of the day, this was one of the hardest hit groups. the ganks aftbanks after last w election. four more years of obama administration, people are looking down, it's going to be a tough way for the guys to make money going forward. >>> coming up next, lots of fear around the fiscal cliff. there might be one sweet side effect of the looming. a windfall. and we'll give you names to make the most of it. straight ahead. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. plus get up to $600 if we want to improve our schoo

. >>> en el mes de octubre se vio una escalada de embargos en california, los bancos jp morgan chase,ón de la hipoteca >>> nos informó francisco meirelles. >>> mientras que las bajas temperaturas hacen de las suyas en santa clara, hay disponibles 3 refugios para las personas desamparadas, se comenzó el programa que durará hasta marzo, con cámaras de emergencia en san josé, cada año este programa ayuda a 2800 personas. >>> las personas interesadas en patrullar las calles de san francisco ,como un oficial de la policía, podrán pedir el puesto, porque la ciudad aprobó el presupuesto, quienes estén interesados, visiten la página en pantalla (información en pantalla) >>> para la policía en san francisco, tiene que tener al menos 21 años de edad, licencia válida de california, tiene que tener un diploma de la preparatoria, y también no tiene que tener ninguna felonía en su record. >>> el período de aceptación de solicitudes es solamente hasta el 7 de diciembre. >>> más adelante en noticias univisión 14, avanzan las investigaciones en cuanto al crimen de héctor "el macho" camacho. >>> tenemo

jp morgan and walt disney and they gave a million and cash on the sidines put to work. it is not a theory, but a fact. it has been a boost in the economy and other disasters it hasn't been. >> can i break n. >> john than, please. let somebody else talk fumpt want to make a point. make it on your time. if you study the disasters they have different consequences. >> johnathon? >> it is the broken window fallacy that julian alludes tompt destroys wealth and replaces it and yes, tractor and plywood. but it is the new wealth that is not yet seen is lost in terrible tragedy. economic cost is a terrible tragedy and i am betog the east coast and i think it may take couple of months and years. >> we are tough around here. >> coming up. 401 k balances hitting record highs. if congress goes off of the cliff, you will need to know how to protect your hard earned money from doing the same. find out how, next. and more in a moment. stay with us. . >> fears of the fiscal cliff smacking stocks this week and comes as we fiped out the average balance of a 401 account is record high. what

you look at bank of america, jp morgan. of all the sectors by far the most heavily weighted as far as options community was in the financials. looking for upside. the volumes on friday 21 million contracts traded today another 15 million contracts. volume has come back over the last couple of sessions, something we haven't seen, it is a good sign. >> we do a long time. >> at least. do you think this rally is phooey? >> we had an absence of malice between the two parties today. >> absence of malice was a fantastic movie. >> i didn't want to get you down that road. he plays a lawyer. >> the president is abroad. the congress is in recess. you feel pretty good. you are going to thanksgiving day weekend and why not rally a little bit. >> i think there was some whoey to it. i thought it would have been if we had a show friday evening which we no longer have i think we could have discussed what is going to happen today. i don't think i saw this magnitude coming. clearly the action on friday was very interesting. kr jim cramer talk

the sxurts exchange commission satd jp morgan failed to tell investors mortgages were delinquent.both banks failed to properly disclose practices that allowed them to profit while investors lost millions. the sec says the fines will go to investors who lost money. >>> facebook has made a second offer now to settle a privacy lawsuit involving its sponsored storying. five saying their names and faces were used for commercial endorsements without any payment. facebook is now offering $10 to yierzs who are part of the sponsored stories out of a $20 million fund. the federal judge in the case rejected facebook's first offer because it involved no payments to users. >>> back to school for san francisco's police chief. the safety lesson and why some businesses are now safe havens. >>> the feds are suing a big bay area company. why they say an agreement between ebay was bad news for workers [ 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 ju

jp morgan chase, city group, wells fargo, bank of america are among the institutions offering the waiver extension. most deadlines will remain in place until november 7th. >>> sandy is also putting a dent in the auto industry. many dealers in the northeast have been unable to reopen businesses because of power outages. manufacturers are taking steps to get the industry back on its feet. nissan is extending employee pricing and discounts to eligible customers in hard hit areas. general motors says customers who lost vehicles because of the storm can get an additional $500 discount on cars bought or leased through the end of the year. and here's some good news, relief coming at the gas pump. the average price of a gallon of gasoline has dropped 21 cents every the past two week. the average price of regular is at $3.55 across the country and in the washington area, prices are down 22 cents to $3.53. we will take it. >> the heating oil is going to balance that real soon. >> heating oil is going to be bad. >> if we have the winner howard is looking ahead and seeing. >>> a valid question in ma

bank of america, jp morgan chase, wells fargo, citigroup and ally financial all contributed. the average homeowner was given $84,000. reports say 300,000 people benefitted from the settlement. the federal reserve bank of new york came out as a winner against the former ceo of aig. the courts are dismissing a $25 billion lawsuit. it accuses the fed of unlawfully bailing out out the insurance company during the 2008 financial crisis. the lawsuit was led by former aig ceo hank greenberg. the government continues to sell off its shares of aig, and currently owns less than a 16% stake. after nearly four decades at the helm of intel, ceo paul otellini will retire in may. during his tenure at the world's largest chip-maker, otellini saw both highs and some lows. intel dominated desktop and personal computing, but fell behind in the era of tablets and smartphones. intel has seen its fortunes with that section of the market improve, but still lags. however, intel did continue to set sales and profit records in 2011. intel's board of directors will look at both internal and external ca

we had a large investment recently by jp morgan chase into our loan fund. we are looking for businesses that are looking to put in more energy-efficient equipment or retrofit or remove toxins from processed here we have been lending to drive cleaners that are giving you more environmentally friendly products, truck drivers putting in new exhaust systems. finally, just to give you kind of a scale of what we do, mark mentioned the sba right guaranteed 275 loans in a year. we expected to 50 or 60 in san francisco this year, and more like 250 or 300 throughout the bay area. if you are hearing something interesting and you want to talk, the dominant in the purple suit has been handing me question cards out. >> i am the ne community federal community union. we are like a bank except we are nonprofit. we are 501 c 14. we are insured up to 250,000. we build credit. what we do a lot is one-on-one counseling. we are also a part of the bank of san francisco, so we do pay their lending -- payday lending. we help people build up their credit before helping them to get a

composed of any single component because it gets you a nice basket of morgan stanley, wells fargo, and jp morgan> > it's diversified, but we were at $38 just a couple of years ago. with these lows at $6- > > and we're at 6. > > the halfways point is in the $20s, so we still have a lot of upside left. > round 3: color me green - what is the better economic indicator - black friday or cyber monday? > > i think that one is very easy, and i actually think it is cyber monday. if we look at the way amazon has traded, it is up 9 of the last 10 days. amazon has been on fire since their earnings. it continues to go higher. the 140 3/4 p/e doesn't faze amazon. we just saw kohl's stores and nordstrom report poor same-store sales. both the stocks sold off. we also saw tiffany sell off on earnings. so i think cyber monday is the biggest e-commerce day ever. > > people are spending money. consumer confidence is at five- year highs. housing stats are coming back. a lot of economic indicators are getting very, very positive right now, so i think you have to remain bullish on the economy. don't worry about infla

buffett notes that dimon could deftly handle another financial crisis, even though jp morgan was forcedo take a government bailout during the financial crisis and dimon came under question earlier this year, when the bank lost 6 billion dollars in a trading blunder. cyber monday could almost be re- named "mobile monday." a growing number of consumers used their smartphones and tablets to shop on cyber monday this year. it contributed to an overall bump in sales of 30% from last year. comscore is estimating that sales will reach a whopping 1.5 billion dollars. amazon's kindle fire was the day's most searched-for gift on the web. others that were high in demand were uggs, ipads, the ipod touch, legos, and the wii. some consumers did not get what they bargained for this cyber monday. 132 websites in the u.s. and europe were shut down after allegedly selling counterfeit goods such as jerseys, software and nike shoes. it is the third year in a row websites have been seized for illegal activity on the popular online shopping day. more sites are likely to be shut down as the investigation cont

jp morgan with approval to restr resume the $3 billion stock buyback program.ng in brennan hawken who joins us. good to speak with you. >> hi. how are you? >> good. thanks. you look more carefully at the moves of banks today and fairly muted given the sharp selloff that we saw in yesterday's session. seems like moving more stock specific. bank of america with a big upgrade of isi and the rest sort of trading in line with the markets. at this point, brenbrennan, i t they're concerned of keeping dodd-frank intact and heard they're concerned of elizabeth warren to the senate. has the risk profile for financials changed with the election? >> yeah. so, what i'd say and what i'd point to is a conversation we had back in late september, actually, when i downgraded the group. it was my view that there were several risks to the group that were not necessarily reflected in valuations at that point and we're right about the same valuation still and even though it's six weeks ago, they haven't moved much directionally. what i would say and what i said then was that you got

citigroup, jp morgan, slight losses for bank america and goldman sachs, but nothing is going to change much as far as financial regulation is concerned. the stray stays the same. financial prices bake that in the cake. ubs and barclays slightly firmer. deutsche bank and hsb slightly off. so no big moves on that. pharma stocks, not a big repeal of obama's medicare. johnson & johnson is down a percent. fizer down 0.8%. energy stocks doing a little bit better across the board. shell, bp, chevron all firming up a little bit this morning. exxon, the world's biggest oil company, down 1.2%. the status quo means fairly muted reactions as far as individual stocks and sectors that might have been impacted. >>> the race for the white house wasn't the only major contest as control of congress was also up for grabs. democrats held on to the senate, picking up two additional seats in massachusetts. that's elizabeth warren, and in indiana. congress remains divided as republicans maintain their control over house of representatives. and there are also some historic state ballots cast. maine and maryla

yet wells fargo, jp morgan, and u.s. bank corp are pretty much unchanged.nd the credit card bank capital one thought to be the bane of the credit card bashing obama, actually up 8%. bank of america has collapsed from $47 to $9. a lot of them $57 to $17. mastercard 184 to 465. you have to draw a conclusion other than goldman and morgan have the wrong business models for the moment. and the big domestic banks have the right ones, except the poorly run, poorly executing bank of america, which can't benefit from the model because it's been so horribly hobbled by previous management's mistakes. >> the house of pain. >> that said, will goldman and morgan stanley do better under romney? is dodd/frank the liaison? or depending on trading and mergers and acquisitions as the peddling of big acquisitions is a thing of the past maybe they can come back. i still can't pin the tail on obama. too much disparity within the sector. obama care was supposed to take the profit margin out of the drug stocks, right? merck and pfizer are unchanged. the run in gilead. i think it's

. >> that is not a gigantic leap from running jp morgan to treasury secretary. >> you are not going toet the best guy for the job. it would be an absolute disaster working with these people. i don't think jamie dimon can tolerate it. >> i don't think there is a shot he would say yes to it. >> i'm not -- coming up next on "mad money" jim cramer has first crack at it. plus pph has been in faction on wall street but can it continue to control the cat walk? all coming up top of the hour on "mad money." we have your first move of the morning coming up. [ male announcer ] this december, remember -- what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the comma

citigroup, jp morgan chase, wells fargo, pnc, bank of america, and hsbc are extending waivers on late fees and charges. most banks are extending their deadlines until wednesday. several banks are still without power themselves with dozens of branches and atms throughout the northeast and mid-atlantic states out of service. in other news, toyota reported better than expected earnings. the japanese automaker's quarterly profits tripled boosted by recovery in its home country and solid results in the u.s. and europe. toyota is raising its outlook for the entire year despite a big drop in sales in china, where a territorial dispute has prompted protests of toyota cars and trucks. and american airlines pilots union is reaching closure on the financial language for a new contract. the pilots had been in labor talks with the airlines since 2006. american filed for bankruptcy a year ago and received court approval to void the current contract with the pilots so it couldn't pose its own terms. as it tries to save billions of dollars in labor costs. back to you. >> shartia brantley at cnbc, tha

no wonder cat failed to go down today after a heavy duty downgrade from jp morgan this morning.f course, the analysts had upgraded when it china was slowing, a totally botched call. so you know what i'm doing? i'm calling this poetic tractor justice. eaton, another big industrial reported the end of october. they noted that china was stabilizing. and then alcoa said monetary policy in china would lead to improvement in the fourth quarter. the ceo of alcoa said that to me, said the fourth quarter is the bottom. you know what? he's looking real smart. he has horse sense. how about coach which has a big chinese business? they posted a 40% sales in china. both starbucks and yum brands which has substantial china guidance is outranking the chinese foodie that is general chef. so china stabilizing, if it's bigger than we think, how do you play it? my charitable trust is buying an index. the i shares china 25 index fund, the fxi. that's you home gamers, fxi. the highest quality china companies, china mobile, several chinese banks, petro china, huge oil companies and a couple insurance

jp morgan says many are planning to roll out new product as season unfolds to keep consumers shopping. macy's discussed newness and kohl's hinted at it as well. retailers say don't put us on your naulty list. we're giving shoppers what they want. last year nearly 25% of black friday shoppers hit the store by midnight. for some americans it's a welcome escape for family. for some shopping late is better than getting up predawn for door busters. >> thanks very much. >>> not everybody is thrilled about stores opening on thanksgiving. in fact, my next guest is a target employee, casey st. clair, scheduled to work on thanksgiving. she started a paelt asking target to, quote, save thanksgiving. thanks for joining us. >> thanks for having me. >> casey, you're scheduled to work wednesday night overnight until 5 a.m. on thanksgiving morning and again thursday evening starting at 8:45 p.m. what will this do to your thanksgiving? >> i'm actually -- i'm working wednesday into thursday till 3 a.m. and then back at 8:45 p.m. on thursday night on thanksgiving, so that pretty much book-ends my whole

jp morgan, goldman sachs. retail. we got terrific news on friday. initial returns from the black thursday which used to be black friday, tremendous. we found out that walmart was forecasting the biggest pre-holiday buying ever. with $1 billion a day in sales. they ought to know, they weren't alone. finally there's washington. we headed into the weekend with lots of talk. lots of talk about good feelings. good feelings over possible deal to avert the fiscal cliff. republicans seem to be breaking ranks with the hardliners. talk about maybe raising revenues if the democrats will be willing to do meaningful entitlement reform. that positive tone, the rising above, helped move up the futures right into the bell. who wanted to be short ahead of a weekend deal? what a difference a day makes. this morning we come in, what are they chattering about? greece. greece. can you believe greece? it's standing in the way of a european deal again. this small country with no grip on its finances has europe hostage all over again. without a deal, everything in europe c

stewart from jp morgan continues to be an optimist. >> he joins us along with ed.ould use a little optimism. >> all right. can't we all? >> give it to me? >> the number one reason to be optimistic is so many people are pessimistic. as an investor that suggests we're more likely to go up than down. when people start out pessimi pessimistic there's more room for surprise. we're in this period where one day the cliff is on, one day the cliff is off. all this political posturing going on. it's going to get worse before it gets better. >> the posturing? >> the posturing will. >> but that creates opportunity for investors. so many people have cash on the sidelines, i think that limits the downside as long as we don't go off the cliff like wile e. coyote. >> are you optimistic? >> no. >> your petrified? it's going to be horrendous? >> i don't think it's going to be horrendous. there's a lot of cash on the side. tell me what there is to be optimistic about other than the fact more people -- i know this historically, when people are not happy and not optimistic, usually the

. >> earlier in the day reuters reported that amd hired jp morgan to explore options and maybe a possiblehe stock skyrocketed, went up about 14% then closed up about 5%. reuters and the "wall street journal" are reporting amd is denying that it's pursuing any sort of asset sale or sale of itself entirely and the stock is down. back to you. >> thanks so much. >>> up next, what do you need to know about tomorrow's trade today? back in a moment with that. we'll handicap tomorrow's open for you. ♪ ♪ ♪ [ male announcer ] some day, your life will flash before your eyes. ♪ make it worth watching. ♪ the new 2013 lexus ls. an entirely new pursuit. >>> welcome back. 30 seconds on the clock now for our next guest to tell us what they think will move the markets tomorrow morning and impact your money. joining me, alan gale from ridgeworth capital management, steven rosen. lath midel from american wealth management. good to have you on the program. nauc thanks for joining us. 30 seconds on the clock. what do you think is going to move money tomorrow? >> ridgeworth allocation strategies we're focusing

amd denying reports of hiring jp morgan. amd could sell some of its patents.ny says it's not actively pursuing either avenue. it deals with slumping sales and that consumer shift we talked about from pcs to tablets. >> which i still have yet to get onboard. i've got a laptop. i just like the keyboard. that's the same reason i've got the blackberry. >> with the new tablets, amazing keyboards. >> i know, i know, eventually. let's take a quick look at the agenda in the u.s. october retail sales at 8:30. watch for hurricane sandy impact there. also the producer price index. at 10:00, september business inventories are out. at 2:00, it's minutes from the fed's latest meeting. lots of earnings to hear from. abercrombie & fitch, staples and tyco all report results before the open. >>> we'll take a short break. washington is trying to fix america's fiscal crisis once and for all. >> so how will the cliffhanger play snout we'll discuss when we come back. also we'll get the bank of england's inflation report. mervin king is due to sit down at his desk any minute now. >>

and jp morgan chase, they have 100,000 jobs mission and hired offer 18,000 veterans, we've lowered the and that's amazing. >> that's great to see, isn't it? >> but thank a veteran and ask them how he or she is doing. >> if you're in the the metro area, donate. thanks to my wife donating a few and bill white, always good to see you and again, it's on 9 today. >> the united veterans war council produces this parade. we thank them. these are veterans that put this together, all volunteers and we love them. >> alisyn: thank you, guys, great reminder. back with other top stories, people in long island, new york are struggling to survive right now as their homes have been damaged and they're going on two weeks without heat and power following sandy. >> mike: ainsley is in ocean side this morning, hi, ainsley. >> reporter: hey, guys, you yeah, the woodard family lives here, and ocean side, a lot of residents without power including this one. they say the water accumulate up to here and had a basement that saved them. but they watched as the water was coming hooer higher and higher and they we

. >>> jp morgan paying host to napa valley tech summit. david faber joins us with john donahoe.e'll find out how mobile is changing the way merchants approach the holiday season. >> wait until you hear from priceline's president and ceo, jeffrey boyd, the day after the company announced it's buying kayak software for 29% premium. a cnbc exclusive ahead. >>> it looks like we have the beginning of what could be a turn-around in the markets. that happened in the last 15 minutes or so. technology, financials and energy turn into the green. consumer discretionary, still await on overall market, down 0.4% with retailers and home markets a drag. so far all arrows up so far. >> biggest names in tech are gathering in napa valley. jpmorgan's annual ceo technology summit. david faber is there with an exclusive interview of the ebay ceo. >> john donahoe is here with us. we can still see our breath. it's cold in the napa valley but nice to see the sun coming up. nice to have you here. not far from san jose, where headquarters is. many credit you with the significant turn-around, particularly

i believe they got oversold and i liked what i heard this morning from jp morgan. that stunk. >> yeah. that absolutely stunk. paying a buck for the big coffee. you know what? stop giving stuff away, guys. i feel that mcdonald's lost the way right here. the stock's been a terrible one. i don't see any improvement at all. >> they talked about in the future they will have a better mix between the every day low pricing and the value menu and sounds like we're taking stuff off the menu. >> it's erratic. you expect to spend what you would do at dunkin'donuts and it's a dollar. just giving it away. thanks. waiting to give away diet cokes. >> did you see grundlac on apple? bringing out things smaller or different color and innovator's dead and everybody loves it, sooner or later there's a come up pan comeuppance. did you see that? >> yeah. i had been saying it's got people that love it. i don't want to trim it anymore. it's so cheap. >> it's going lower and a while. it happened -- it was pretty amazing interview. it was an amazing interview. >> you know why i think you wer

frank bisignano is the cochief operating officer at jp rgan chase. j.p. morgan chase is among hundreds of companies lending a helping hand to the victims of superstorm sandy. corporate america has pledged over $50 million. the big bank is offering $5 million in loans to affected small businesses and donating to the american red cross. other household names giving include coca-cola, delta airlines, disney, home depot, lowe's, the nfl and target. from fuel to cash to communications. verizon communications warned today hurricane sandy could wreak havoc on its fourth quarter earnings. the wireless, phone and internet provider took on major damage in the storm. four of its facilities in new york flooded. as sylvia hall reports, verizon's warning is a sign of the damage felt by the tele- communications industry. >> reporter: just like with other telecom companies, verizon employees are working hard to restore service to the northeast. but it's not easy when they're also pumping water out of the basements of their flooded new york facilities, which are running on gener

the stock had jumped up to the mid twos during regular trading on a report that amd had hired jp morgan to explore some options. >>> on the economic agenda today, retail sales are coming out at 8:30 eastern time. later in the day, we get business inventories. and the minutes from the last month's fed meeting. take a look at the markets this morning. yesterday was a pretty interesting session. we started down about 60 points, ended up moving up 200 points to 140. at the end of the day, the dow was actually down. kind of bizarre. rallied through day and giving that back. at this point, you do see the futures are indicated higher by less than half a percent for the dow and the s&p, up by .6 of a percent for the nasdaq. if you look at what's happening in europe right new, you'll see that right now at least there are some red arrows. not major losses, but the ftse is down by about 37 points. the kcac in france is down. in asia, saw some green arrows, at least when it cam to the hang seng. in korea, the kospi was down once again by 1.7%. oil prices at this hour are looking like they're up abo

but, some of the members who store their bonds there, including jp morgan, bank of america, and gomldman >> clayton: thank you, ainsley. a new video now, president obama in bangkok thailand. the president greeted with a special ceremony. peter doocy live in d.c. this morning, with details on the trip. good morning to you, peter. >> good morning, dave. and the president has been in bangkok for about four hours now and one of the first stops at the monastery where a monk gave the president and secretary of state hillary clinton a tour of the monastery and the president told the monk that the united states could use some prayers right now to avoid the fiscal cliff. listen here. >> (inaudible) >> president obama also met with the king of thailand overnight who is the longest reigning monarch in the world. been in power since 1946. believe it or not, the king of thailand born in massachusetts, as a gift, the president obama gave the king an album with pictures of the all the presidents and first ladies he's met starting with eisenhower and the last page was left blank, we're told so there's a