joining us is the president and ceo at the jp morgan chase institute. welcome. >> thank you for having me. >> thank you for being with us. first of all, what is the jp morgan institute? >> it's a research organization. it's a think tank that's really dedicated to the next generation of economic research. so big data, technology meets behavioral science against very large new data sets that are daily activity and transactions around the world. >> so it's a think tank and what are some of the trends that you're seeing at the moment? the people that you talk to? >> among the most important ones we have started is focussing on what's happening with u.s. consumers generally? what do we know about their income and their consumption? and we find, for example, relative to most of the data available that individuals are facing income volatility and consumption volatility which explains the angst we see even as the jobs report has improved and there's still tension that comes from instability. we also see through the work that we do, new perspectives of what i mi

what you will see is jp morgan. goldman sachs.is something that what you heard to take a step back is called the first cut of that this russian. obviously still 2015. december will play a role in that. betty: as you say, things could change a bit. >> john cryan is not wrong. bankers are probably paid too much relative to the earnings power of these firms. when more power is required, as the trend. is big expense item compensation and bonuses and the best way to think kris --fitability and return to the best way to increase profitability and return to shareholders is inevitable. and i have talked about this for a long time, attracting shareholders. bitnetat least my bonus -- not get caught. what does that say? >> the fact remains you can make more money on wall street for taking there are risk than anywhere on earth. , then you your goal will do it. whether you're bonuses $2 million, and is ill more than you can get doing anything else where you are not risking your own capital. you will be able to attract the best. what this shows

that bank was jp morgan chase. it has disclosed itself. >> reporter: the former chancellor of west germany helmut schmidt has died in his home aged the 6. he led west germany. it was under his leadership that the german economy experienced rapid expansion. he was an advocate to the free market and he played an active role in international economics later in life. our website aljazeera.com, all the news that we've been covering is there but there's plenty of comment and analysis to. >>> on "america tonight", a special look at the force beneath the wave. >> i felt like i was in a washing machine. i mean, i was tossed and turned. >> reporter: what's the next thing you remember? >> i thought it was an ugly way to die. >> the el nino is larger than the godzilla el-nino in '97 and '98. 20 years ago we talked about el nino being destructive.

and $32 billion, a lot more for jp morgan. and yet the employees are flipped. jp morgan has 235,000 and hsbc has not less but more employees. is the real story here massive job cuts to come? stephen: we're not sure about further job cuts now. where the job cuts will come is from the u.k. and europe and mexico and turkey and potentially in the u.s. they are actually putting 4,000 more people in china, hsbc, and are really doubling down over there. tom: they have to sell off the other banks ala what deutsche bank is doing is resize their ratios with other banks, right? stephen: hsbc started to boost employees without looking so much at how profitable the businesses were and when you started to see a slowdown come through they had to look long and hard at their cost face. tom: what i would point out is they can't let steve major go. he wrote the research report the last week or two. they can't let steve major go. i'm editorializing. fope you heard it from tom keene, james, when you look at the banks, a lot of the european banks a

week after the jp morgan audit on corporate lending. can always get more business news on bloomberg.com. an intense discussion is underway on fantasy for all. they are fighting to stay open in new york and will square off the state's attorney general next week. draft kings is ready for a fight. earlier today, i sat down with , and hese david boies talked about the fantasy sports fight, as well as the other large case he is on. i think a good compromise is, for example, what the massachusetts attorney general is trying to do. the massachusetts attorney general is looking at this a lot longer than the new york attorney general has been looking at it. he says there are some issues here that needs to be addressed. completely,t agree obviously, on what the massachusetts attorney general wants to do on regulation, but we realize that that is a se nsible way to approach it. betty: let's talk about other situations. you have been on the board of , why don't they just publish the data a -- board of heranos, so why t don't they just publish the d

second today, we're opposing o opening the national bank on account with the k f furnld jp morgan chase and naomi we're inviting coalitions from across the city to political for grants up to $10,000 to assist in their local efforts together with the bank on innovation pilot programs across the city we believe that those resources and what we can learn together about help to energize and strengthen what is happening on the ground where the work is coalitions can apply as of this morning and the t f e fund.org slash bank a few words on the account standards you have in our folders in front of you in cowling for low-cost and no overdraft but at the same time the critical functionality of making purposes and paying bills those standards offer local coalitions a high bar starting point for their priorities and partnerships at the same time those standards which we plan probation officer update bio annually are egg realistic i'll thrilled to say 3 national banks offer products that meet those standards jp morgan chase liquid account and bank of america save balance banking account fit the bil

joining us now is the global market strategist at jp morgan asset management. it's a stark reminder of what we saw in the summer in terms of the volatility in the asian trading session. do you think europe is a lot more immune to that? >> they have shown that the concerns over the summer were some what overdone and that the weakness in emerging markets didn't really impact europe too much and i think there's a reason for cheer going into the festive period for european equities. >> next week, two very big events. we have the ecb meeting and on the other hand the non-farm payrolls report out of the u.s. first off, a lot of people say don't underestimate mario draghi. on the other hand, what more can he actually do? >> he's going to cut the deposit rate and expand qe and i think draghi doesn't like to disappoint so there's a good chance that he could do more than the market is expecting which would weaken the euro and obviously boosts european stocks across the board. >> but my point is exactly that. even if he cuts the deposit rate. even if we get a step up in t

i had a look at a jp morgan note and they pointed out that five u.k. aerospace and defense companies cut their eps forecasts since the month of july. that's a lot of bad news. not just for the defense sector. we think this is the one hit the hardest because of the defense cuts. no it's also the aerospace area been hitting rolls royce. >> great minds think alike. i was looking at exactly the same thing. >> fantastic. >> also keeping in mind what they're really trying to do is get to terms with these costs and try to cut costs so they can be more flexible because they're not flexible enough. they can't melt in with market conditions so they're really trying to do that. there's civil aerospace and marine business are still the two main areas suffering the most. that's where they're seeing most of the main at the moment. jeffreys saying the equity story is dented but it still stands and they have a buy target on rolls royce of 1100 pence per share. >> wow. >> they're quite optimistic still. >> yeah. >> the new ceo, he has his work cut out for him but alrea

but if you want to segway into a bank that is proven, it is jp morgan. so either way you want to play it, bank of america or jp morgan. >> u.s. bank corp. slow and steady wins the race. i would rather sell morgan stanley, 45e drs is the high. >> the buffet indicator. signaling a top in the market. and if history is any indication, stocks could see a big move. we'll explain. i'm moyle and you're watching "fast money" on cnbc, first in business worldwide. here is what is coming up on "fast money." >> the force is strong. >> but is star wars strong enough to avoid cord cutting. a top analyst makes the call. >>> plus -- should apple's next big product be football? a top tech shareholder says forg forget buybacks and dividends. he needs to buy into apple and you won't believe how much money apple could make from it. he'll explain. >>> forget buybacks and dividends. apple should take some of the $200 billion in cash and buy the rights to nfl games. or so says the next guest, eric jackson. he joins us now from the toronto stock exchange. great to have you with

. >> a multimillion dollar request from jp morgan chase, why they have asked for a grant paid for byyers. >> thanksgiving is next week, we'll take you inside a brand new exhibit inside the national constitution center that could give you inspiration for the holiday celebration. >> stay with us, that's coming up next. >> it is 12:30, "action news" continues with the latest terror attacks in paris. isis releases a video showing fighters praising the deadly attack. fighters are urging muslims around the world to commit attacks. >> in the past days, french president had a lapped said the victims were from 90 countries including a student from california. police carried out a raid in nearby belgium which turned up empty. he now the president wants to extend the state of emergency for the next 3 months. >> the president obama called it a setback in the fight against isis. he dismissed critics who called for more military action from the u.s. >> reporter: president obama reminded the world that the fight against isis is a long term campaign this is a fight unlike others. >> we use routine m

you need to know that the jp morgan headline would have gotten the stocks up 5-8% and they were downay. that is a tell and it doesn't bode well for the space. al allo alto has not traded well since july and everything dan said is spot on. >> dan knows a lot. >>> still ahead -- it is the one chart had a has the street buzzing and not in a good way. the stocks that could signal a recession is right around the corner. i'm melissa lee and you're watching cnbc, firz in business worldwide. here here is what else is coming up on the show. >> that described what is happening to the solar sector. but perhaps it not as bad as it looks. we'll show you the one indicator that is shining the light on which solar stocks are worth buying and which names are worth selling. >>> plus -- >> i think i'm going to have to go supersize. >> good choice. because more bacon and fat could lead to fast profits in your portfolio. it is a dining divergence that has our traders licking their fingers an we'll explain it when "fast money" returns. >>> welcome back to "fast money." if you thought things couldn't get a

it involved hacking into jp morgan, media companies like "the wall street journal," software firms and investigative firm hot on the trail of the hackers themselves. the cybercrime ring was involved in illegal online gambling, illicit credit card processing and an unlawful bitcoin exchange. the three men allegedly in charge jerry shaloan described as the founder and his principal deputies, who were arrested in israel earlier this year and await extradition to the united states. also u.s. citizen joshua samuel aaron charged with helping in computer hacking an security markets manipulation. the u.s. fugitive, whereabouts unknown. >> the conduct show cases a brave new world of hacking for profit. it is no longer hacking merely for a quick payout, rather it is hacking in support of a diversified criminal conglomerate. it is hacking to locate victims, it is hacking to spy on the competition. it is hackin. in short, it is hacking as a business model. >> prosecutors said that most globally complex hacking schemes go unsolved. but today thanks to the cooperation of the fbi, the secret service,

delaware newsroom, now, a state economic development panel is considering a request from banking giant jp morgan chase $9 million in grant funded by taxpayers. they want to use the money to upgrade their current facilities in delaware and expand operations in the first state. they plan to add 1800 jobs in delaware by 2019. >> turning to the forecast, a mild afternoon ahead to kick off your workweek. looking live outside, sky6 live hd a look at wilmington, delaware. highs today will top out in the mid to high 60s. expect cooler air come tomorrow we're looking ahead to rain. meteorologist david murphy live outside with more from accuweather. all right, sarah, i'm standings in the shade with nothing but a suit jacket on and feeling comfortable. how often can we say that in the second half of november. let's show you the satellite shot. there's barely anything moving in the picture. a little bit of cloud cover in hartford connecticut, we are under the sun today. lows this morning, 37 in allentown. 39 around sunrise in reading. 44 in philadelphia. a couple of 30s out toward lancaster and millville. t

second today, we're opposing o opening the national bank on account with the k f furnld jp morgan chase and naomi we're inviting coalitions from across the city to political for grants up to $10,000 to assist in their local efforts together with the bank on innovation pilot programs across the city we believe that those resources and what we can learn together about help to energize and strengthen what is happening on the ground where the work is coalitions can apply as of this morning and the t f e fund.org slash bank a few words on the account standards you have in our folders in front of you in cowling for low-cost and no overdraft but at the same time the critical functionality of making purposes and paying bills those standards offer local coalitions a high bar starting point for their priorities and partnerships at the same time those standards which we plan probation officer update bio annually are egg realistic i'll thrilled to say 3 national banks offer products that meet those standards jp morgan chase liquid account and bank of america save balance banking account fit the bil

federal prosecutors say men hack into institutions including jp morgan chase, dow jones, scott trade and austin based mutual funds. they stole personal information from more than 100 million customers, and then used it against them. erika and nicole. >> general millions recently jumped on the protein trend. they launched cheerios protein but now they are getting sued. what is going on. >> reporter: right, cheerios protein, promises to have more protein than the original but according to the new lawsuit cheerios protein has just slightly more protein but 17 times as much sugar. non-profit group center for science and public interests say that is misleading and false advertising. >> i would think so. >> lots of protein but don't want sugar. >> trying to do something healthy and backfires. >> thanks, jill. >>> one of the world's most renowned jazz musicians received the marion anderson award in philadelphia. >> ♪ >> what a talent. "eyewitness news" at the kimmel center whe winton mar will sales was honored for making the world better for his leadership and humanitarian causes. marsalis

of a number of fraud and cyber hacking schemes, including a serious attack against finance giant jp morgan chase. they also allegedly made tens of millions of dollars on the stock mark market using stolen institution. a christian body in india has celebrated today. a group of bishops who organise the event in a city. the program was organised to promote communal harmony after a serious of attacks on minorities across the country. the festival of light marks the beginning of the hindu new year. you can find about all the day's news on the al jazeera website. >> this is "techknow". a show about innovations that can change lives. >> the science of fighting a wildfire. >> we're going to explore the intersection of hardware and humanity, but we're doing it in a unique way. this is a show about science... >> oh! >> oh my god! >> by scientists. tonight: techknow's journey to the arctic. 13 days... subfreezing temperatures...

a number of fraud and cyber hacking schemes, including a serious attack against a finance giant jp morgan chase. they also allegedly made tens of millions of dollars on the stock market using stolen information. the world's biggest on line sales is on the way in china. alibaba broke its own record with more than one billion dollars of goods sold within the first eight minutes. november 11, also known as singles day in china was largeed by alibaba in 2009 to encourage retail therapy for sin els. it is the chinese equivalent of boxing day. the domestic retail market is still showing signs of health. >> it is holding up remarkably well at the moment. the mine drivers of that are incomes are still rising in china, households are seeing their positions improve. these are factors which help. a singles day is an are eflecks of that. i think every country in china needs to be taking on line very seriously. it is important part of the market here. alibaba has a few disruptions in the market. we have seen that with the main retail chain operators. some of the large multinational operating in the sp

jp morgan up. and bank of america flat. and citi up 2% and e-trade up 25%. and schwab up 11%. so i think you are forced -- a lot of guys have it in their numbers already but the big boys, the mutual funds, pension funds are still basing their case on rates go higher and financials are bought. i don't think it is all in the numbers just yet. >> we talk about the equity market. the fact that the dollar surged which is a headache for profits and equities held up. >> there were things interesting about today and the oil prices held when you consider the dollar moved. finishing almost flat. maybe good news again. but you don't want to own -- gold is going down. gold and goldminers. and some of the miners in the metal space go down. i agree with steve on financials. and the yield curve didn't steepen. the short end came up and the long end one up more and that means that the net interest margins are not getting better but they are oversold. i totally agree with that. >> treasury-year-old, short-term, and the dollar at a seven-month peak against the euro. >> look at the environment w

. >>> the sheer size of the hacking attack is stunning, the biggest target was banking giant jp morgan chase. the hackers wormed their way in and stole information from 83 million of its customers. among others hit, e trade and scott trade as well as dow jones and the wall street journal. >> the data breaches at these firms were breathtaking in scope and size. they stole information from over 100 million people. >> reporter: they mainly wanted financial customer names and e-mails, so the hackers could send out millions of offers from phony companies they made up to buy cheap stocks, when the price went up, the hackers dumped the stocks, that's how they made their money, tens of millions of dollars. >> all they wanted in this case was mostly stepping stone information, e-mail addresses, and things they can use to target those individuals. >> how did the hackers get in? by exploiting weaknesses found in bank computers in egypt. two of those accused have been arrested in israel. a third, a u.s. citizen is on the run, thought to be in russia. >> prosecutors tonight are calling this case st

. >> three men are charged with stealing the personal information of 83 million jp morgan chase customers american charged still on the run. >> an iconic american food is changing its recipe. >> campbell's chicken noodle soup will have 10 fewer ingredients. gone are some with unpronounceable name but celery is out too. number of free offers for veterans. >> free food from desserts to entire meals at applebee's, chili's dunkin' donuts olive garden out back steakhouse and other restaurants. >> free rides to homeless vets seeking jobs not just today but in the coming months. >> flies of that em to do that. that -- nice of them to do that. >> and that's america's money. at ally bank no branches equals great rates. it's a fact. kind of like ordering wine equals pretending to know wine. pinot noir, which means peanut of the night. i >> ♪ >> and it is time for your morning buzz. he's back. the pizza rat has returned to the streets of new york city. video posted on youtube shows dozens of new yorkers screaming and run weighing from this motor ridesd rep today. the real pizza rat was recorded back

bank of america, jp morgan chase , the financial spider etf with 75 financial stocks in the s&p 500 -- s&p 500. why invest in a single financial stock when you can own the go to sector spiders for a prospectus. we did carefully. visit us on the web. >> you can join millions of americans turning off the old media. we are in 40 million homes on directv channel 200 49 and verizon files channel 115, available online at newsmax tv.com. you can watch us anywhere in the world. download the free app from your iphone or android. do it today, find out why millions are tuning in for real news, better talk. david: sponsored and -- "wall street week >>" is sponsored in part by morgan stanley. anthony: word association is one of our time-honored practices. tell us the historical figure that you most easily identify with. david: abraham lincoln held the george washington helped the country to get off the ground, he won by being a great general, cannot identify with but i greatly admire. liz: the trait that you most deplore in yourself and others. david: arrogance is not a virtue, humility is. the mo

attorney preet bharara says the scheme affected 83 million customers at jp morgan alone. according to court documents, the alleged mastermind, israeli gery shalon, and two other men, used hacking software to break into the accounts of customers. they then used that information to carry out the cyber version of a classic stock scheme called the "pump and dump." according to prosecutors, here's how it worked. over three years, the hackers bought penny stocks and drove up their prices. they then sent spam e-mails to the customers whose data was stolen, encouraging them to buy those stocks. when the prices went up, the suspects cashed out, leaving investors with significant losses. it worked so well, shalon allegedly bragged about it in e- mails contained in the court papers. when asked by an accomplice if it was easy to get americans to buy stocks, he replied, >> the investigation essentially started with one victim company and one hack, and as we dug deeper and used all the investigative tools at our disposal, we were able to unearth the gargantuan scheme that you see in th

(gfx out)(tag)(jp morgan says it is cooperating with law enforcement. scott as for the suspects, who don't appear to have hired lawyers at this time, two are in custody in isreal and awaiting extradition. a third suspect, 3 gehlen catholic high school in le mama had its annual veveran's day prayer service a day early... yesterday morning.the keynote speaker hagan... he's from siouxland... he graduated from kingsley - pierson high school and iowa state university. each branch of the armed forces was represented at yesterday's service... with a presentation of each branch's flag. 3 "i have enjoyed my time in the service and very honored to have spent an entire career serving my nation and then to come back to see that other people appreciate what i do, it's fantastic."colonel hagan's nephew was hagan's colonel fantastic."colonel hagan's nephew was s also part of f the service... singing the marine corps hymn as the marines' flag was presented. 3 3 gehlen catholic also celebrated their volleyball team's trip to the state volleyball tournament. the school h

at jp morgan. fbi and prosecutors honed in on the group. it had tentacles around the world.complicated. there was an israeli component. money was going through cyprus and swiss banks. it has many layers. >> yesterday, my colleague sat down with moynahan and bank of america and asked him how it affects his company. >> we get hit on occasion. rarely. in terms of the indictment, one of the think i see going forward is the cooperation between the institutions. it has to continue to move forward. we can find the people and take care of it. >> just about what brian moynihan was saying. how strong is that? could it be stronger? why is moynahan so reluctant to say how much he has been targeted? why are companies still so secretive about just how common this is? >> financial institutions need to retain trust and confidence. the problem is that these hackers have -- are not behind bars now. behind thismrs. big walkinge is still free now. manus: beer, beer, we want more beer. shares are up. made a formal offer to buy the company. they will agree to sell its stake for $12 billion. let's

jp morgan chase is building out technology. where do you see the biggest threat coming from. >> it's great and now we're looking at money and how money is changing. i'll be talking about this but literally we're getting to a point where the way we pay for stuff, the way we save t way we interact is changing into something that's real time. no longer have you got big vans full of cash leaving and trains getting robbed by phil collins. now you have instant money being moved back and forth to people all over the world and having that cell phone and 7 billion mobile fans in the world. that's more than our bank account. >> it's a delightful scenario for would be hackers and some have been hacked in the recent weeks. some of the customer details have been stolen. paypal has 154 million consumer credit cards. you built systems in the past for detection. how do you stay ahead. >> you invest. make sure you're ahead of them. earlier this year we bought a company in israel and that will help us a huge amount in dealing with fishes. we hav

people today with one of the biggest hack attacks on an american bank, this centers on the breach at jp morgan chase, they charged three men in a 23 count indictment, the charges include hacking and securities fraud and wire fraud and identity theft and money laundering. and the three men are also charged with hacking other banks and news publishers, they hacked the accounts of 33 million. >>> now they have named their national guard headquarters after beau biden, beau was the attorney general and son of the vice president, and was a major in the national guard where he served in iraq and earned the legion of merit and the bronze star, he died in may and there will be a ceremony unveil the signage. >>> from our delaware newsroom, mercer county and the city of trenton are accepting first lady michelle obama's challenge to end veteran homelessness in 2015, with help from nonprofits, trenton mayor eric jackson said this morn that the city will commit resources and personnel to fine homes for all the 79 homeless veterans that the city and county have currently identified. 60 of them are housed alr

good news for jp morgan bankers, the tool will remain unchanged from a year ago. find out why flat may be the new up when it comes to bonuses. m black friday for traditional stores. how has cyber monday helped or hurt struggling retailers? first, let's go to matt miller. matt: good afternoon. we are seeing in markets down across the board, but the indexes have come back considerably from a drop lower .round lunchtime the s&p and the dow jones industrial average are unchanged. the nasdaq moving down a little bit. inre is very little volume equities. you might expect that after a holiday weekend. function ofhe svs that breaks down volume in the index by industry. for example, in yellow, industrials, they are trading 37% less volume than they normally would on any trading day at this time, over the average of the last 20 trading days. that everything is down. the only thing trading up to the 20-day moving average almost is utilities, because you see the big defensive stocks gaining today. downl stocks, oddly, are after this. you --very little ball volume. what about

checking shares of rbs, jp morgan and ubs they're all trading higher today. >> let's remind you of the headlines. gunshots and explosions heard in paris as police have completed an operation and raids that lasted more than six hours. 7 arrested in total. monsanto is still on the look out for m&a opportunities and may revisit syngenta and shares fall in paris as it takes on airgas for $13.4 billion. we're back in a couple of minutes. when the flu hits, it's a the aches. the chills. the fever. an even bigger deal? everything you miss out on... family pizza night. the big game. or date night. why lose out to the flu any longer than you have to? prescription tamiflu can help you get better 1.3 days faster. that's 30% sooner. call your doctor right away. and attack the flu virus at its source with prescription tamiflu. tamiflu is fda approved to treat the flu in people 2 weeks and older whose flu symptoms started within the last two days. before taking tamiflu tell your doctor if you're pregnant, nursing have serious health conditions, or take other medicines. if you develop an allergic rea

a concept by a very good analyst from jp morgan that asked what have you been doing? which is more of a rhetorical question than one designed to build a new earnings model. never a good sign on the conference call. this on top of rbc capital who questioned whether new attempts to fix point of sale systems and loyalty programs will work given the promise to improve the same issues two years ago and has not succeeded. that's called open rebellion on the conference call and happened when they recognized whether they questioned the tough straights it finds itself in. nipping and moving aggressively. whole foods is still more expensive than everything but amazon even as it's so eager to buy back stock. it can hurt it's best asset which is a prepristine balance . it should be using every penny to fend off the competition and reinvent itself with new orders and new experiences or should the money be used to help lower prices on items that's not really a race to the bottom although whole foods suggests it is. honestly, i don't know. the two, walmart and whole foods do seem a

taking market share accounting for about 4 of every 10 mortgage dollars borrowed and that's come as jp morgan bank of america are pulling back from making home loans backed by fha. some worry the explosive growth reminds them of the boom that helped fuel the financial crisis but unlike other lenders loan depot is profitable and most of the loans require income verification. sought after financial technology stock versus come under pressure. lending club is down 46% since it's ipo last december and this is just the latest in the u.s. ipo market. last month, albertson's pulled it's offering on the eve of its pricing following a disappointing forecast from rival walmart. square is expected to price it's offering last week and last week the mobile payment start up said it would seek a valuation of 35% below the $6 billion price tag private investors put on it last year. >> thank you for that. in other news we're following this morning, u.k. prime minister david cameron says he cannot yet be certain that the strike against jihadi john was successful. however if successful it is a strike at the hea

. >> one social media giant is now more valuable than general electric and jp morgan.orter: facebook crushed earnings expectation ins the third quarter. they had earnings of 52 cents a share. revenue rose 41% to $4.5 billion. shares of facebook surged in midday trading hitting a brand new lifetime high. and facebook also became the sixth largest company in the s&p 500. >> not only is it a great quarter looking back three months, but going out to 2016, they gave us so many different levers that they can pull from ad revenue on instagram to the virtual reality. there is so much it is doing. >> reporter: facebook now has just over 1.5 billion monthly active users. what is more staggers, more than 1 billion people use the social platform every single day. facebook and instagram now account for one in five minutes spent on mobile devices in the united states. >> i think it is great value here but i don't want to jump in. facebook will be $200 stock in 2016. >> i will go further. i think lit be the first trillion dollars company in history. >> reporter: facebook's family of

the indictment says they stole records of 83 million customers of jp morgan chase, along with data fromons more clients of other banks. breaking news tonight from new york state, the attorney general there is ordering daily fantasy sports sites draft kings and fan duel to stop taking bets in new york. we're following this story. we should note the parent company of fox news is an investor in draft kings. >>> stocks were mixed today. the dow gained 28, the s&p 500 was up three. ost 12. >>> up next, as university of missouri students take down the school administration essentially, some of the administration try to take down the media. >>> and later, did russia cheat in the olympics? what the experts say, when we come back. nch a a bit of irony tonight courtesy of the university of missouri. student protests forced out the school system president. an institution lauded for it's renowned journalism school seemed more interested in censorship when it became the focus of the reporting. chief washington correspondent james rosen takes a look. >> on the very day when university of missouri pre

she is the chief investment strategist at jp morgan private bank. sharks and unicorns. what mr.rful has to say about those sky-high valuations out in the valley and why the waters could get a lot more choppy.

she is the chief investment strategist at jp morgan private bank. sharks and unicorns. what mr. wonderful has to say about those sky-high valuations out in the valley and why the waters could get a lot more choppy. we begin with the markets. stocks going for their best week of this year led by discretionary utilities and health care and how about nike today. investors are simply loving that news. kevin, nike doesn't pay much of a dividend, but they are rocking today. wonderful thing that happened. we were so concerned after macy's and nordstrom blew up thinking it's all over. consumers dead. no low cost energy dividend. where is it? now we see the light, the green chutes. >> as you said, it depends where you are expecting the consumer to go. >> not going macy's. they continue to buy stuff from nike and ufshdarmour and other retail names. abercrombie, footlocker, ross stores. >> it's a story that you can't say about macy's. i think when you look at a nike, it's important to say, hey, there is a vibrant consumer story here. not to extrapolate that out and say i want to oent rtx. t

we're overweight bank of america, jp morgan, goldman sachs, morgan stanley. we do think that with interest rates set to be rising these banks are now great balance sheets and they're positioned for a better u.s. economy and the housing market. so if you look at the big picture on the housing side, the long-term average for household formation has been 1.5 million. right now we're bouncing around 1 million. so we do think that we work our way back toward this long-term average. the u.s. housing market is a major driver for the economy. >> what's going to be the big trends going into 2016? still monetary policies and weakness in the energy space. what are you looking at? >> we're focussing on companies that are allocating capital and looking to buy good businesses at the right price. but basically what we're focussing on is housing. continuing to remain relatively strong. banks recovering. >> thank you for your time. just want to bring you some breaking news on the back of the downing of a russian jet by turkish fighter jet near the border of syria. a kremlin s

the breaches targeted jp morgan. e-trade and dow jones were affected.biggest from a u.s. financial institution ever. >>> chipotle restaurants closed last month are reopen. the stores under went deep clean enings and all ingredients were replaced. 42 people were sick and some of those have filed suit. the source of the outbreak remains unknown. >>> if you are worried about breaking the bank this holiday season there may be a bright spot. according to analysts sales have been slow at chains like macy's and kohlk. shelves are said to be packed at companies like lululemon, nike and underarmer. and experts are pointing to the warmer weather much of the country has seen which has created little demand for coats and sweaters meaning new holiday items could be competing with leftover less expensive stuff. >>> china wrapped up singles day, a made up holiday designed to push sales. turns out it worked. it was the biggest shopping day in history. alibaba took home more than $14 billion in sales more than any black friday or cyber monday. what better way to mark a

personal information of more than 100 million customers, officials say that their large's tack was jp morgan chase last summer. prosecutors say that the suspects pumped up value of penny stocks by sending spam e-mails to addresses stolen in those hackings and dumped the stocks at inflated prices making millions. >> in our view, the conduct alleged showcases a brave new world of hacking for profit. >> thirty-one year-old josuah samuel aaron is wanted to be by the fbi and jerry sloan and the third suspect, z ebe or evenstein are in custody in israel. >>> a gunman opens fire in a convenient store. 22-year old male was struck multiple time inside j and r perez grocery in the 700 block have of north 38th street in philadelphia a's mantua neighborhood. victim was transported to the hospital but died a short time later. so far there are no suspects in custody. >>> detectives are asking for the public's assistance to identify and locate a shooter, take a look at this video please, a man pulls out a handgun and fires random shots in the a air. on the 400 block of east indiana avenue knew in kensingto

. >> barbara hale assistant jp morgan general manager for power i want to update you on the business plan analysis and efforts how we are doing on the contracting approval with the strategies basically our overall schedule to close the loop on the last discussion and we understand there is interest in hearing how we are doing on the outreach so i have charles here with me today he will present that at the charges pleasure. >> i want to make sure i don't forget commissioner crews request to indicate how many folks have signed on the website for cleanpowersf we are 200 and 60 for those linking sign and let us you know go to cleanpowersf.org so first a quick recap on cleanpowersf goals and objectives affordability is a big theme for san francisco and it applies this year as well this is you know this is what you're business plan effort is all about balancing those goals and chief of police financial stability you know what we'll look at in the risk analysis is, you know, is the initial enrollment case that we're studying financially viable does it remain viable when we test different po

very strong according to jp morgan.drop continues to be this drumbeat to the european central bank meeting a week on thursday where we thought they would double down on qe. a very important break in ecb politics today. one of the six member executive team has broken ranks or broke ranks in munich last night to criticize the idea that qe should be extended. her name -- and she is german is sabine. she suggests that extra qe would buy time but does not heal the structural causes of a slack economic recovery. we should give the numerous and massive monetary policy efforts to time to take full effect." that has been summarized by saying that the hawks will take some convincing when next they meet a week on thursday. qe may not be a done deal. the market has priced for it, so the market could be hugely disappointed if that doesn't come through, but let's leave that for now. meantime, you see the reaction to troubled stocks. on this side it's more the international hotel chains and the giant on-line travel agencies. in europe

we know jp morgan.st of the marquis companies of wall street knew in the later stages, at least, of this bubble, that things had turned seriously south and they stepped over the line. that's what the sec has said. jose: and that led to the great instability and the financial crisis that exists today. jeffrey: we need the justice department to come in and take a real look at who broke the law, who didn't break the law, where there's responsibility, where were the boards of these companies? where is some accountability to get this right? glass-steagall, the banks, you couldn't have an investment bank and the regular checks and savings banks operating in the same business. jeffrey: serious and necessary regulation, including re-enacting the glass-steagall act, which forced the separation of the commercial banking from the casino. lillian: you wonder... how long will we accept this wildness, this--this... what do you call, living it up, at the expense of the 99%. narrator: over the last 30 years corporation

in terms of citi and bank of america and the jp morgan as of the world. you take a look at those sectors. they're performing very well. even the oih, even with the dip down, you take a look at the services names. they're reacting very nicely today as well. when you see this type of a market and you see the strength and the broad swath in which it's bringing different levels up, i think we're looking at a strong market. you look at the volatility index. it's pulled back off the 20 level, pulling back underneath that 50 day as well. dowlinged you'lling autos use that as your thesis on how you are going to develop your thesis as to where the market goes. >> do you agree? >> i broadly agree. the last five years have taught us anything, then it's that making portfolio decisions based on interest rate forecasts has been a really bad policy. i think that people should ignore them in the short-term. the one broad theme, i would mention, is that in historical periods of rising rates, value stocks have tended to do well relative to the overall market. living throug

in fact, analysts at jp morgan call it the walmart in the domain industry.ause of that, it continues to gain customers and revenue, guys, back to you. david: very exciting company. ashley, thank you very much. melissa. melissa: college is an expensive investment and for some a lousy return. going to college becomes more and more expensive, the pay out is supposed to be a well paying job but a new study from the wall street journal that finds students who graduate with liberal arts degrees get paid than their university counterparts. here lori and scott martin. lori, i want to start with you because you were looking at the numbers. >> yes. melissa: and they were really staggering because it's not just less. but what they found is that nearly half of the liberal arts colleges, the median salary ten years out was below $50,000. >> yeah. i mean some would say this data is shocking to no one; right? your parents -- melissa: i don't know. >> if you go to a liberal arts school and you study literature, and you want to become worldly and grounded that's fantastic bu

. >> barbara hale assistant jp morgan general manager for power i want to update you on the business plan analysis and efforts how we are doing on the contracting approval with the strategies basically our overall schedule to close the loop on the last discussion and we understand there is interest in hearing how we are doing on the outreach so i have charles here with me today he will present that at the charges pleasure. >> i want to make sure i don't forget commissioner crews request to indicate how many folks have signed on the website for cleanpowersf we are 200 and 60 for those linking sign and let us you know go to cleanpowersf.org so first a quick recap on cleanpowersf goals and objectives affordability is a big theme for san francisco and it applies this year as well this is you know this is what you're business plan effort is all about balancing those goals and chief of police financial stability you know what we'll look at in the risk analysis is, you know, is the initial enrollment case that we're studying financially viable does it remain viable when we test different po