over to kayla tausche now with today's movers and shakers.la, i know after the hours we've got nike moving and shaking on the upside. what are you seeing today elsewhere? >> maria, the dow has been helped by nike all day today. out with earnings just recently. that's helping the stock a little bit higher. but it closed the day above $70 for the first time ever. visa and verizon also helping the dow higher intraday today. leading the s&p, bed, bath & beyond on its earnings beat on the top and bottom line. auto desk and celgene helping. the s&p is actually outpacing the dow 5.5% to 2.5%. nasdaq beating both. up 10.9% quarter to date. that's because q-3 was a breakout quarter for tech, maria. facebook up 101% in the third quarter alone. we've been talking about it all day today. of course, piercing that $50 per share mark for the first time. tesla also helping the nasdaq. up 73%. china's baidu up more than 60%. hard to believe the numbers are just for the quarter to date. helping the s&p, netflix. 48% to the upside. that's the index's leading pe

kayla joins us. good morning, kayla. >> reporter: good morning, richard. stocks rallied monday with the dow posting its best day in eight weeks, and its first triple-digit gain since august 1st. investors reacted to positive economic data from china and russian proposal for a possible diplomatic solution in syria. jpmorgan has reached a settlement to resolve accusations that it steered homeowners into overpriced property insurance. the settlement involves insurance firm assurance. >>> the big news today, richard, achle is expected to -- apple is expected to unveil two iphone models. the iphone 5s may have a faster processor. the "c" is a cheaper version. the plastic case will come in five colors. richard, back to you. >> all right, kayla, thank you so much. >>> let's talk about nissan introducing the first smartwatch ever created by a car manufacturer. we're going to do that at the frankfurt motor show in germany. the watch will be able to monitor and display key data about your car, your driving conditions, and you. >>> video game fans in japan got a snea

kayla tausche with the fallout from jpmorgan's $900 million headache. kayla? >> well, tyler, the banks's price tag forty london whale trading debacle has the twoen costly and still growing. other regulatory issues are popping up. why it matters and what's next for that stock. that's up next after this break. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future. ♪ >>> rite-aid moving higher. the drugstore chain reporting a surprising second quarter profit. it boosted its earnings outlook

but to kayla's point, there is not a lot of extra money there.his is a generation coming out with a ton of student debt. they have a lot of unpaid internships, a lot are working for companies that don't have the automatic match in the first place. the education goes back to early ages. but again, it's not just people who aren't aware of what they should do. it's also people who don't trust the financial system. and we've seen this. think about some of the movements that have come out of our generation. occupy wall street, even the tea party movement and some of the candidates like ron paul have a surprising amount of support among young people, and there is a sense the current system is not sustainable, that wall street and the stock market is a rigged game set up for the 1% that is not something they should be fundamentally exposed to. so there is a huge problem. >> all right. this is very important. thank you for that. i want to take this point. dominic, you may have a million other things to say. but i want to take kelly evans' point. i think

. >> reporter: kayla west is the merchandising all-star. >> i love the atmosphere here. the customers are great. i met people from australia, from england, from everywhere around the world. >> reporter: the nationals have honored members of guest services like kayla for three years. this year for the first time they let fans vote. 25,000 had a say. for their part winners get a trip to see a postseason game. >> we've been to yankees stadium. we went to the world series last year. it's an extraordinary thing to do. a lot of our team members have never been to another major league park. >> i think that's great they're rewarding us with a trip in the postseason. >> reporter: you can only expect the service to get better and better as the years go on because the longer these employees work here, the more they get to know about the ballpark and its fans. >>> an american is on his way to the international space station. a soyuz spacecraft carrying nasa astronaut michael hopkins and two russian cosmonauts blasted off before 5:00 this afternoon. they'll be on board the next six m

they haven't given -- >> it helps the equity, helps the company. >> kayla, thanks. >> thank you. >> kayla. crude oil down 2.5% this week. the president pursuing a diplomatic option now in syria, making a military strike look less likely. let's get more from jackie deangelis and the futures now crew. hey, jackie. >> reporter: thanks, scott. the president asked congress to delay a vote on military action in syria. and while oil is slightly higher today it, is down almost 5 bucks from its peak two weeks ago. jim murio, if the situation in syria somehow blows over, how low can crude go? >> well, i think it could go down another two or three bucks from here. here's what's a little disconcerting to me, is that i heard that speech last night, and i expected crude to get hard on that. it wasn't hit on that. so it leads me to believe that the market probably priced a lot of this in. again, i'm still bearish, just a little bit less so than yesterday. if it continues to rally throughout today into tomorrow, i might throw in the bearish challenge, think it was priced in. >> could go down two, three b

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i'm kayla tausche. at a down week with a 70-point today. the dow losing 1.25% for the week. but a great september with a 3% gain. today the biggest drag on the markets, fear about this government shutdown. the president said the dangers are unknown because congress has never before threatened default. that, you can be sure, will continue to weigh on wall street. >> it's going to be great fun. many thanks, kayla tausche. >>> three days and counting to a potential government shutdown if congress doesn't approve a short-term spending plan. but with president obama still refusing to negotiate with republicans, is such a thing really possible? let's turn now to cnbc contributors jared bernstein and robert costa. welcome, gentlemen. robert costa, you're running a story at the top of the "national review" online website. and you're basically saying that boehner is going to come back, at least that's what i heard, that boehner's going to come back with a counteroffer. but it was senator ted cruz who really got

kayla? >> carl, we're just getting word that cross border regulators are levying $920 million in fines for jpmorgan for faulty oversight on the london whale oversight case. the federal reserve will get a $200 million fine, the office of the controller of the currency will get $300 million from jpmorgan and the remaining will be split between the securities and exchange commission and the uk's conduct authority. we do not know whether jpmorgan has admitted wrong doing. the firm has said there were errors in its oversight and loopholes to allow that trade to happen and get as big as it did and to cause the steepness in losses that it did. but we haven't seen a formal admission of guilt to a regulator. that is expected, if it does happen, to come in the release from the securities and exchange commission, which we have not seen hit the wires yet. but this is a coordinated settlement with all of those four regulators, $920 million in fines. there are a lot of allegations outstanding at the depar

kayla tausche is live with all of the details on that and so much more. good morning. >> good morning, guys. bank of america is reportedly street lay off 2100 people from its mortgage business after a drop in refinancing activity. it will affect several workers in many states including ohio, virginia and florida who received notice last month. about half the job cuts come from the cleveland area. bank of america is the third largest u.s. mortgage lender but applications have dropped 63% since may. futures in the market are higher after stocks rallied monday. the dow poufting its best day in eight weeks and first triple digit gains since august 1. investors reacting to better than expected data on chinese exports t russian proposal for a possible solution in syria and anticipation over what products apple may unveil this afternoon. the dow rising 140 to 15,063 t nasdaq climbing 46 to 3706. back to you. >> kayla, good day on the markets. see if more continues today. thank you. >> the heat's going to continue as well. >> i bet it will. >> maybe not as hot as

. >>> turning now to your "first look" at business and kayla tausche has that. good morning. >> good morning, mara. futures are lower after stocks rallied again on tuesday. the dow posting its best two-day gain in three months. the markets will observe moments of silence this morning to mark the 12th anniversary of 9/11. >>> a federal appeals court has ruled google must face allegations it violated wiretapping laws. google admitted in 2010 it inadvertently collected people's personal data when it used their wi-fi connections for its mapping software. >>> investors aren't responding to the new iphone. apple's stock fell 2%. they typically lags the broader market after a product lane. those products not always living up to the hype, mara. >> thanks coach, kayla. >>> richard lui is here with your sports highlights coming up next. ♪ let busy treats entertain your dog with playful shapes, long lasting layers, savory flavors, and mesmerizing textures. get busy. the world's most entertaining treats. this is the creamy chicken corn chowder. i mean, look at it. so indulg

kayla tausche joins us with more on this one-two punch against jpmorgan. does this do damage to the reputation of jpmorgan the bank or its ceo jamie dimon? >> reporter: i think jamie dimon has already been under siege. the investigation has been going on for over a year. we'll have the watch the reputation of the company going forward. with this regulatory onslaught, they've been cancelling new growth initiatives. in the consumer bank they had roughly 60 new products they were going to roll out. they stopped doing that because regulators said you need to focus on what you're doing now and make sure your existing regulatory controls are up to snuff and that this doesn't happen again, doesn't worry about venturing into new businesses quite yet. >> could they lose clients? could it damage their reputation to the point where people don't want to do business with them on a larger scale? >> reporter: it depends on what regulators ultimately say. a lot of companies like working with jpmorgan. they're the fortress bank. if they need a big loan, they go to jpmorgan

. >>> now, for business we turn to kayla tausche. good morning, kayla. >> the market higher and future markets stocks rallying monday, as well, the dow posting its best day in eight weeks and first triple digit gain since august 1st. investors reacted to positive economic data from china and the russian proposal for a possible diplomatic solution in syria. jpmorgan reached a $300 million settlement to resolve accusations it steered homeowners into overpriced property insurance. the settlement also involves insurance firm assurant but the big news, apple is expected to unveil two new iphone models at and a recent, the iphone 5c is a cheaper version with a plastic case and will come in five colors. we're all looking forward to it. >> a fingerprint reader sounds cool. >> yes, it does. >>> coming up, a monday night nfl doubleheader, plus rafael nad nadal's u.s. open win and all your sports highlights with richard lui. before he could easily transfer funds between the two in real time... before he could even think about planning for his d

kayla tausche has the story. >> reporter: five years ago, wall street brought the financial system to its knees. making toxic loans and selling them to others, all borrowing to make it happen. as investors lost confidence, the markets played musical chairs. ten banks became six, strapped with some $200 billion in government aid, and an avalanche of regulation. >> i think that the capital program we designed and to get out and put capital into hundreds of banks very, very quickly and recapitalize the u.s. financial system is -- is a huge success. and that money has come back. >> reporter: the money took a few years to come back, but changes hit the industry immediately. >> we have dramatically brought down leverage, increased transparency, reduced our level of risk and made changes to how people are paid. >> reporter: most of those changes described by mac in a 2009 testimony stuck. leverage, the amount banks borrowed against assets, thought to be the culprit is cut in half. in july, washington required it to fall even further. banks have raised credit standards and squeezed consumers,

kayla tausche is digging in on who is getting rich on this deal. we're making the yield and making the decade with this deal, kayla. >> i think a lot of bankers will drop the mike. a major pay day in over a decade and it's deed most lucrative on record. expected to reap $650 million for frees on wall street and $130 billion including lawyers and other expenses. it's also flanked by other megadeals in the telecom space which often sees the big ticket prices. with the split among six advisers on the deal but there's one notable name taking home a big slice and that's paul taubman. he came out of retirement this year to advise verizon and is taking home an eight-figure paycheck. not bad for doing a deal in hits pajamas. why the dole? just wanted the money to do it so the most lucrative part of the transaction is that the financing it will continue to take out. verizon is issuing 60 billion in new stock. they are issues bonds to offset the loan from now until next year. all of the numbers will be records. two banks have taken the lion's share, morgan s

good morning, kayla. >> good morning, kayla -- you're not care la.>> sometimes you do. it's friday. we've all had a long week. carl, it seems like it's bankers singular. we don't know much about the contents of the s-1, but we know it won't contain the full slate of banks. the lead underwriter, the only one with a confirmed role is goldman sachs. they'll be the oracle and providing advice in how to structure the deal. goldman sachs has raised the most for clients in ipos, some $5.2 billion in proceeds, according to renaissance capital. followed by jpmorgan and then tech powerhouse morgan stanley. wall street expects most if not all of the banks to have a role in the deal, just not exactly the top decision-making power. and it may have surprised someone not to see morgan stanley in that seat, even after its role in facebook's debacle. that hasn't really had a material impact on morgan stanley's ipo business. on one hand, twitter is said to want to avoid the optics its ipo could go the way of facebook's. on the other hand, there was also a very real co

kayla now has the story. over to you, kayla. >> reporter: in a vitriolic 72-page defense filing, s&p said the fact that it was sued is is no coincidence. its lawyers wrote, quote, only s&p ratings downgraded the united states and only s&p has been sued by the united states, even though the s&p ratings challenged were no different than by those at least one other rating agency. the government's lawsuit according to s&p is just vengeance against the firm's decision to strip the u.s. of its aaa credit rating an opinion that says is protected by free speech but sent washington approval ratings down and markets into a tailspin. the downgrade was a year and a half before the justice department cease lawsuit in february which said s&p gave fraudulent ratings to residential mortgage-backed securities in order to win business. s&p says its ratings were consistent by general market views on housing, including those held by ben bernanke and hank paulson. a spokesman for s&p referred us to the filings and a spokesman for

kayla tausche breaks down the stocks leading the move today. kayla? >> yahoo! is the stock the street has been watching today. up nearly 5% on reports that ail alibaba -- you can see it right now. up about 3.5%. yahoo! is a mover on heavy volume intraday. other widely traded stocks, bank of america, cisco, ge and intel. most of those to the downside. bed, bath & beyond earnings beat for the second quarter. stronger sales at all comparable stores. revenue beat just slightly. enough to send the shares up more than 4%. despite outlook falling short. ebay up sharply. up 4% plus after announcing a plan to buy braintree. paying about $800 million. ebay plans to integrate braintree with paypal. take a look at the s&p biggest laggard today, down nearly 9% after the company said it will look to wind down a partnership with blackberry as its future remains unclear. blackberry is jabil's second biggest comfortable. blackberry roughly flat throughout the day, down now about 1%. >>> meanwhile, blackberry has been for a long time been a source of national pride for canada. e

cnbc's kayla tausche is here with what's moving your money.reports of the demise of apple are greatly exaggerated. sales of iphone 5s and 5c shattered what was already high expectations. >> reporter: they were there are high expectations, chris, and those long lines outside the apple stores that many of us saw paid off for the company in a big way. it sold a record nine million new iphones in just three days. that's an 80% jump from its last record of five million phones when it launched the iphone 5 last year. this weekend there were two new models unveiled. you had the cheaper color 5c as well as an upgrade to the existing iphone, which is called the 5s. while apple doesn't break out the numbers by model, it's expected the 5c saw a lot of traction in the emerging markets like china. apple stock is up sharply this morning. if that's not enough, chris, more than 200 million existing downloads downloaded the new operating system ios 7 that comes with the newly launched itunes radio. 200 million is already more users than its rival pandora has b

i'm kayla tausche. we're watching shares of sotheby's moving up 1%.olicies on buying back shares and issuing dividends. it will report to shareholders in early 2014. back to you. >> thank you very much, kayla tausche. >> the nasdaq and nynex preparing to remember the 9/11 attacks. we'll be right back. nascar is ab.out excitement but tracking all the action and hearing everything from our marketing partners, the media and millions of fans on social media can be a challenge. that's why we partnered with hp to build the new nascar fan and media engagement center. hp's technology helps us turn millions of tweets, posts and stories into real-time business insights that help nascar win with our fans. >>> today is the 12th anniversary of the september 11th attacks. the nasdaq and nynex now commemorating the moment when the north tower fell. [ moment of silence ] >>> and with that, that is the last moment, 10:28 is the time the north tower fell, guys. 10:03 is when flight 93 crashed into shanksville, pennsylvania, which is member a memorial of their own today

. >> reporter: kayla west is a merchandising all-star. >> i love the atmosphere here. the customers are great. i've met people from australia, from england, everywhere around the world. >> reporter: the nationals have been honoring members of guest services like kayla for three years. this year for the first time they let fans vote. 25,000 had a say. for their part winners get a trip to see a post season game. >> we've been to yankees stadium. we went to the world series last year. it's an extraordinary thing to do. a lot of our team members have never been to another major league park. >> i think that's great they're rewarding us with a trip in the postseason. >> reporter: the team said you can only expect the service to get better and better as the years go along because the longer these employees work here, the more they get to know about the ballpark and its fans. diane roberts, wusa9. >> in addition to a playoffs game trip, the team service all- stars receive an official team jacket and tickets to this past sunday's home finale at nats park which meant for them a

. >> reporter: kayla west is a merchandising all-star. >> i love the atmosphere here. the customers are great. i met people from australia, from england, from everywhere around the world. >> reporter: the nationals have been honoring members of guest services like kayla for three years. this year for the first time they let fans vote. 25,000 had a say. for their part winners get a trip to see a post-season game. >> we've been to yankees stadium. we went to the world series last year. it's actually an extraordinary thing to do. a lot of our team members have never been to another major league park. >> i think it's great they're rewarding us with a trip in the post-season. >> reporter: the team says you can only expect the service to get better and better as the years go along because the longer these employees work here, the more they get to learn about the ballpark and its fans. diane roberts, wusa9. >>> here's a live look from our sky 9 on the inbound side of i- 66 in manassas at route route 234. the flashing light. an accident on the right showedder. here's the delay

now, kayla, i'm a guy who likes information and transparency. let me ask you if you have any sense. when will investors get all the information about the financials for twitter? when's that happen? >> that will happen three weeks before the company goes on its road show which is where it will meet investors face to face in different cities, new york, silicon valley, chicago maybe, baltimore, d.c. area maybe. so three weeks before that. so that investors actually have time to digest that. here's what's important. between now and then they basically have an open door policy with the fcc. this is something that facebook didn't have the benefit of. they had over $1 billion in revenue. at the time it had over 5 billion employees. that was raised to 2,000 shareholders with the passage of the job act. twitter was in the sweet spot. what it means is it can present an s 1. and say this doesn't sound right. you need to fix this, without the scrutiny of investors. when facebook went public february 2nd, beginning of february. >> all hell broke loose. >> all hell broke loose. we criticized ever

kayla is on it. >> when mortgage rates hovered as low, and now reversing course.ices, laying off thousands of people as raising rates. jpmorgan closed an office, and citibank closed an office and cut telesales positions. bank of america closed offices in cleveland, georgia and florida. wells fargo has cut more than 3,000 jobs in july and august. it's not the first time banks have downsized in mortgage banking but the bulk of the previous cuts have been units that serviced bad loans. this is the first time we're seeing cuts to units that originate new loans. the average rate auto a 30-year fixed mortgage has skyrocketed since may. as a result, mortgage applications have plummeted 13.5% in just the most recent week. executives like jpmorgan ceo have called it dramatic and rapid pipts not just affecting their head count. come october it will affect their earnings, too. lake and wells fargo ceo tim sloan says mortgage rates will fall more than 30% in the third quarter. that was the only bright spot for banks struggling to make returns in this low life rate environment

>> reporter: kayla west is a merchandising all-star. >> i love the atmosphere here. the customers are great from australia, everywhere around the world. >> reporter: the nationals have been honoring members of guest services like kayla for three years. this year for the first time they let fans vote. 25,000 had a say. for their part winners get a trip to see a post-season game. >> we've been to yankees stadium. we went to the world series last year. it's actually an extraordinary thing to do. a lot of our team members have never been to a major league part. >> i think it's great they're rewarding us with a trip in the post-season. >> reporter: the team says you can only expect the service to get better and better as the years go along because the longer the employees work here, the more they get to know about the ballpark and its fans. diane roberts, wusa9. >>> in addition to the trip to a playoff game, the team service all-starsle received an official team jacket and tickets to this past sunday's home finale at nats park which meant a day off to enjoy the baseball f

kayla tashe will join us with more. cbs and time warner cable reached a deal to end a month long blackout. the terms of the deal were not disclosed, but the two sides, as you probably know, have been at odds since the beginning of august, that's when they were blacked out on time warner systems in los angeles, new york and dallas and smaller market as well. we'll talk to a media analyst in the next half hour to see who came out as the big winner on this. cbs, kind of thumping its chest. we'll talk more about that. >>> first, back to the tech story overnight out of europe, jon fortt talked to microsoft ceo steve ballmer an hour ago and joins us from san jose with the highlights. this caught a lot of people by surprise, jon. >> not entirely surprising that microsoft would look at perhaps stephen elop as a ceo candidate, but the timing of picking up all of nokia's devices and services business quite surprising. all the talk on twitter also over in germany where there is a major tech show kicking off that will be following

kayla has been digging in and has the details. hi, kayla. >> hey, ross.ed to raise at least $20 billion from the offering. that would be the largest corporate debt sale ever, larger than apple and april. the banks are expected the close the box this afternoon. the bond offering will pretty with eight tranches. verizon will sell debt ranging from three to 30 years. that's according to initial price suggestions. and 0.7% more than where verizon's bond kweeldz are currently trading. the yield on that nine-year bond has risen 0.5% after since talk about a potential bond offering since late august. the rb that be selling, but sentiment has been riding with reports in may that elt may consider others to pull the trigger. >> kayla, thanks for that. have a good day. >>> a recap of the headlines, better than expected retail data of you of china boosts stocks. carmakers see improvement in the european market. and president obama hopes that addressing the nation will sway public opinion on syria. but a vote in the senate has been delayed. >>> and some of the other t

let's check on wall street kayla tausche is live at cnbc headquarters. good morning. >> good tuesday morning to you, scott. futures are higher after stocks rallied on monday, the dow posted its b's day in eight weeks and first triple digit gain since august 1. investors react to a bunch of things. better than expected data on chinese exports, a possible solution in syria and anticipation over products apple may unveil this afternoon. the dow rising 140 to 15,063 t nasdaq climbing 46 to 3706. scott. >> kayla, thank you. apple is going to unveil products, it will be at 10:00 a.m. our time. in the morning it will happen in cupertino here with the opening of the big stanford shopping center last weekend. a lot of apple fans excited about a new slightly better iphone. we're hearing perhaps with a fingerprint reader, the other thing is a cheaper iphone for developing countries, brazil, india, that sort of thing where they will be able to sell more of them at a lower price. >> maybe new colors. >> and this whole new thing is coming to everybody's iphone. we'll

kayla tausche live at world headquarters with details and the rest of our news before the bell. good morning. >> good morning. the facebook privacy seems to get longer and longer and the federal trade commission is looking whether it violated privacy rights when it updated the policies. last month facebook announced a change to its privacy policy removing language that allows users to determine how their names and profile pictures could be used in marketing. the policy says by signing up, users including miners give facebook the right to use their personal information. facebook says it's not violated laws. futures in the market are lower after a mixed close for the markets on wednesday. the dow a triple digit gain and the s&p 500 rose for the seventh straight day. the nasdaq fell weighed down by apple after launching its new iphone. data today on unemployment and import prices, the dow jumping to 15,326, the nasdaq slipping 4 to 3725. and jpmorgan, the largest bank, is reportedly close to settling probes by u.s. regulators into credit card practices and earlier this year the cal

thanks very much, kayla. let's talk about it.s it seem jpmorgan is a target of an inordinate number of legal actions lately? why is that? is it justified? two sides, andrew stiltman says it's justified, and the other who says it's a witch hunt is mark lefarro. why do you think this is a witch hunt? >> what bothers me about these cases is frankly we're not seeing enough individual corporate responsibility. jpmorgan shareholders suffered $6.3 billion in pain with the losses as it relates to london whale. we're now talking about something in the order of $20 billion. without question, an unprecedented number to settle the potential charges related to the mortgage fraud. i am still asking the question, as andrew and i debated a couple weeks ago on this show, where is the corporate act of responsibility and why are shareholders -- why is the investing public being asked to continue to accept such, what i think is inordinate amount of pain, in addition to the trading losses? >> andrew, i imagine the answer is because they did something

kayla toush has been looking at the numbers and can tell us more. kayla. >> tyler, analysts aren't going to wait until the end of the quarter to start sounding the alarm. it becomes clear trading volumes plummeted and unsalvageable. july and august greater nothan normal activity. spreads on existing bonds fell two and yields rising. equity trading not hit as hard as expected to be down as well. jpmorgan analysts say revenues will be down 10% as a result. atlantic equities says it could be down as much as 20% and today it lowered its estimates for goldman sachs, morgan stanley and citigroup. they made a similar cut to morgan stanley's full year estimate last week. analysts had been bracing for weakness at the banks where executives warned revenues will be far lower than last year at jpmorgan and wells fargo, lower by around 30%. that's because mortgage origination has been grinding to a halt. tyler, this one-two punch for the banks, it's not going to be pretty for bank earnings. a lot of investors are trying to get ahead of this and we're seeing sell

. >>> to kayla tausche for a quick "market flash." >> sue, we're watching shares of lockheed company. the company increasing its returns to shareholders. shareholders that hold the stock as of december 2nd will get a higher dividend by about 16%. the company now going to pay out a dividend of $1.33 a share. it's also increasing its share boyback program by $3 billion. you can see shareholders like that. the stock is up just about 1%, spiking intraday. tyler and sue? >> kayla, thank you very much. >>> jpmorgan chief jamie dimon met with eric holder in washington this morning. he left after the meeting -- after meeting for two hours. the speculation is that a settlement could be near with the embattled company between them and regulators at the doj. the stock right now up 23 cents, 51.93. kate kelly with the details. mr. dimon, mr. holder, mr. holder had comment, actually. >> no, that's right, tyler. and the fact that dimon met withholder face to face really suggests strongly that a settle am deal would be near and that the two of them were discussing relatively final term. in this pres

kayla is here with details. good to see you. >> good to see you guys. i love the new set in here.bank fees are charging to use another bank's atm or overdraw your account but now dozens of not so standard fees are starting to pop up leaving customers how expensive it has become to give someone else their money. >> reporter: joe thought he found the holy grail. >> i did some bank shopping and i found the pnc virtual wallet. there's no fees at all. >> reporter: the 25-year-old realtor earns money on commission meaning irregular deposits and unpredictable balance. when that lead to extra fees he made the switch. hi account won't be that way for long. they're adding a $7 charge unless he maintains a certain balance, uses direct deposit or never talks to a teller. human interaction now comes with a twice. for some banks it's the human interaction that will cost you and for other it's the digital. they pay for a mobile check deposit. >> any time they send you a new notice or fee structure with your monthly statement it's important to read that over because chances are something is chang

maria, back to you. >> kayla, thouch. we want to look at verizon here in talking numbers. stock lower by better than 2%. is the company setting itself up to be a long-term buy? we're doing talking numbers on the technical side, richard ross, global technical strategist, and on the fundamental side, john stevenson, with first asset management. gentlemen, good to see you. rich, kicking it off with you. how does verizon look to you? >> maria, let's be clear. this deal is more a divorce than a marriage, and as henny youngman said, divorce is typically so expensive because it's worth it. and when you bring up that stock chart, you'll see verizon is a company that is newly single and potentially ready to mingle. now, we got off to a hot start, climbing 25% in just the first four months. we've pulled back 16% as the interest rate-sensitives plays have fallen out of favor with the spike in rates, but even taking out the 200-day, i love today's bullish reversal, key around the $45 level, tables us back to prior resistance earlier this year. i think we get a bounce up to 49 at a min

kayla tausche has been covering the story since the beginning.tion is even thought the stocks are down today, does this kind of cash cow set a precedent in future deals? >> they will have this cash, vodafone shareholders also, but it's not a guarantee, and they don't know exactly how much they will get so that's one of the reasons why the stocks are bouncing around today. the $130 billion, the second largest ever, vodafone shareholders are getting $84 billion of that. that is the lion's share, $60 billion of that is cash that verizon is handing over. 24 billion is verizon shares, a handsome payout as long as verizon's stock stays afloat. that's not the case but that could all change before december when that breakdown actually gets decided. the ceo of vodafone said the rest of the proceeds after the announcement. >> the percentage might like small, the percentage retained but the amount of money i think is robust enough for allowing vodafone to have a great future. >> the future and exactly what that strategy is a big question that shareholders a

. >>> now for your "first look" at business, we turn to kayla. >> hey, good morning to you. time warner and ibm plan to move thousands of retired workers from company health plans to insurance exchanges and put money in special accounts which retires can use their own coverage with. >>> stock futures are higher as wall street comes off a positive week, the dow snapping a four-week losing streak. >>> and president obama is reportedly considering nominating top treasury official brainerd to a seat on the federal reserve. it amides criticism that there are a lack of women. >>> a survey by the nabe predicts in 2014 the u.s. economy will grow by 3%. low inflation will continue and we will see improving employment. >>> gas prices are up three cents from last week with a gallon of gasoline average iing $3.59 a gallon which is 25 cents lower than a year ago. the average price of a new car or truck is up about a grand from last year. part of the reason comes from a jump in sales of expensive pickup trucks. >>> okay. are you ready for some football? the nfl's first sunday of action. p

to disclose they were taking the next step and we heard goldman sachs will be the lead banker and kayla reporting that and see what other under writers were named. >> julia, you took us through the mechanics and that makes sense but investors will be really excited when this ipo is filed. do we have any clues from any of the reporting that you've been doing about when this might happen, this year or next year and maybe even how big it will be? >> well, you know, what, susie, it depends on what feedback twitter gets from the scc. it seems like after facebook's ipo was such a debook l and the first day of trading so crazy, twitter will be careful and cautious and right now it's in communication with the scc and depending on the feedback, that will determine how long it takes to file the public s 1. too soon to say how it could happen but months before you could get the official filing, which will be fascinating for us and everyone to read and in terms of evaluation, twitter was originally valued at $10 billion when it raised money recently and we heard it could be $15 billion, evaluation

thanks, bob. >>> let's get to kayla back at hq.e you an update on the mega bond that's currently being built by verizon. of course, to fund its big acquisition of verizon wireless from vodafone. it's, of course, $130 billion, to fund part of that, verizon was in the market with what was supposed to be a $20 billion bond, building its order book. i'm told from sources the order book has exceeded $50 billion. it's already oversubscribed, even at the middle of the trading day today. it's likely at this point that verizon could look to upsize that offer, possibly to $25 billion or higher. of course, the bond issue is not expected to price until tomorrow, depending on demand. that could be moved up, also. but i'm told that that is still expected to happen tomorrow. of course, the pricing does depend on demand. i'm told all of the bonds are expected to price at a slight premium to verizon's existing bonds, but the more demand there is the tighter the spread, over treasuries, and certainly looking to be a successful order book being built

. >> thank you, kayla. more than a dozen d.c. chefs spent the past three months getting fit for hope. one right here. it's a campaign put together by the cancer society. they pledge to shed pounds while raising money for the cancer society. chef anthony took part in the campaign and lost 34 pounds. >> that's right. thank you very much. thank you for having me. i'm so excited. >> how did you get involved? is. >> it was approached by a trainer and they said they were doing this thing for the american cancer society to raise money. i didn't know it was for the biggest loser of sheefs or that thing. it was raising money. >> what are we making? >> this is what i ate. i love hummus. it's healthy and high in protein. get chick pea s and ground cumin and lemon juice. >> does it matter? you are not even measuring. >> i have been making hummus for a long time. it's easy. you watch it and you do it to taste. there is no butter or cream in here. you let it go until it gets to the right plates. >> you have a can of chick pea s and cumin and s

kayla is breaking it down for us. demand seems to be hot. >> biggest deal ever.izon is expected to sell the debt today. it would easily be the biggest bond deal ever, dwarfi inin inis $7 billion sale in april. verizon initially intended to sell backside 20 billion of debt this week and repeatedly raised that target as the orders kept flowing in. verizon's purchase price for verizon wireless, the rest is primarily in stock. it has ads 61 billion bridge, that's a short-term loan. $12 billion of that will be paid off with a longer item loan. the company is going to meet with lenders today to market that loan to ininvestors. verizon is going to sell bonds ranging in maturity from three to 30 years. verizon's ten-year bonds are expected to yield 5.21% and 30-year bonds at 6.54%. that's anywhere from 2.25% to 2.6% above treasury yields and that's roughly around where verizon debt is trading right now. it indicates investment interest in corporate bonds in a time when the u.s. economy remain near historic lows. the expansion of the sale shows the eagerness of companies