kodak will continue as a smaller digital imaging company. investors holding old shares will be able to write it off as a tax loss. larry shover of sfg alternatives joins us now. larry, is this a high risk market? > >it is a high risk market but the good thing is when you talk about syria, and you talk about the summers appointment, the budget deficit, the fiscal cliff. these things have been known risks for about a month now so the market has had time to digest them so the reaction might not be as big as if it just came out of left field. > >oil has been trending higher. will that trend continue? > >i'm afraid the oil trend will continue to be higher. supplies have been really tight even before we had these problems persisting in the middle east. the truth of the matter is if it does persist--- if we see $155-120 barrel of oil---it could really undo our stock market or have a severe correction. > >the big g-20 meeting takes place on thursday. what do traders think about that? what is the market saying about that meeting if anything at all? >

gone are the cameras and film that made kodak famous. the new kodak is focused on products like commercial printers and touch screens for smart phones. >>> the boston herald says a judge is ordering lance armstrong to answer questions about using performance enhancing drugs. an insurance company is seeking the information as part of a $3 million lawsuit. it claims armstrong committed fraud in his doping cover-up. the questioning will push armstrong closer to his first sworp testimony about drug use. >> the san jose mercury news says apple is inviting the media to an event next tuesday to headquarters in california. one is believed to come with the lower price tag. >>> good morning. starting out with some patchy, dense fog around the bay area this morning, but looking like lots of sunshine coming our way. overlooking russian hill in san francisco, you can see fog at the golden gate bridge. otherwise, we are going to see plenty of sunshine and these temperatures going to remain seasonal for now, probably the next couple of days. then some

led major manufacturing operations around the world in ibm, eastman kodak and other large businesses. he joins us from massachusetts. willie, this is an area that you know about. were you surprised as i was that we were finding a guy in the garment industry what is that successful? >> i have to tip my hat to david. i think it's remarkable especially in the garment industry they have managed to stay global competitive operating out of oklahoma. i think that's the exception rather than the rule because we've seen an awful lot of work go out especially in industries that are labor intensive like garments. >> one thing that a country has to do to remain competitive is maintain its infrastructure. america's is not great. that's one area that we're not as good as some of these other countries, and that's something that government and private sector has to be involved in together. >> yes, and i think one of the things that the world economic forum report cited is the importance of infrastructure, especially as every country is now participating in global supply chains. we see a lot of produc

. >>> kodak is back. they emerged from chapter 11 bankruptcy today. after saling off the personal photography and documented imaging, it's searching businesses in graphic decision and packaging. >>> ford is recalling 370 cars from the years 2005 through 2011. the reason to fix a steering shaft that could corrode and cause a loss of control of the car. the effected models, ford crown victoria, the mercury grand markey and lincoln town car. >>> no recall yet over nissan but u.s. safety regulators opened an investigation into the path finder and infinity jx 35 after complaints about a failure in some transmission cooler lines that could cause the sudden loss of power in the transmission. if it leads to a former recall. 110,000 vehicles could be effect effected. >>> buy or lease? this is a tough question for car buyers for years but a survey shows that auto makers are leasing new cars at a record-breaking rate. experian says nearly 28% of all new cars were leased, not bought, in the second quarter of this year. that's the most ever. leasing has become mor

you can look at kodak, poloroid and many companies have been successful for long periods and that success led the downfalls in many ways. >> certainly a story to be continued. thank you so much for coming on the program. >> thank you. >> jp eggers professor of management at sterns school of business. >>> on wall street the big september rally hit the news button today. the s&p 500 seven session win streak was snapped as we mentioned earlier and so was the dow's run. it ended the first loss of the week despite big stock moving news from one of its components, disney. the house of the mouse announced it will buy back up to $8 billion in shares, that sent disney stock up more than 2% today. nevertheless, the dow dropped near lly 26 points and the s&p diped to 16.83 and the nasdaq fell nine to close at 37.15. the price of gold tumbling 33 an ons to a four-week low as the safe haven run up in prices appears to be unwinding. >>> the u.s. government posted a narrower budget short fall in august compared to the same month ayear ago. last month's budget gap of $148 billion is keeping the nation on

kodak is out of bankruptcy but don't expect cameras. the company announced it's exited chapter 11.nd says it is now a commercial imaging company focusing owe on packages and graphics. delta airlines began service today between san francisco and los angeles. the airline is offering 14 daily flights operate bid delta connection partner compass airline autos a tiny fish is proving to be more useful than mice in treating certain genetic disorderses in people. a discovery made by a researcher looking to treat a syndrome that causes daily seizures in children. giving zebra fish and human trials will be underway shortly. researchers say they can be used to treat all sorts of conditions. >> it's kind inform a way depending on personalized medicine. your child has a gene mutation, we model that gene mutation then look for drugs just for that child, just for that mutation. >> another advantage of the fish is that they can be bred quickly. that let researchers do 10 years worth of experiments in just two years time. very efficient. >> yes. >> coming up, the owner of the a's puts on a differen

photography pioneer kodak had to cut $4.1 billion of debt and left shareholders empty-handed. it's quite a bit different from the former self, smaller focusing on printing technologies, touch screen ponents and film for movie industry. wall street today, stocks closing slightly higher economic data overshadowed concern over possible military action against sear area. your bloomberg silicon valley index rising today. amazon will allow a program called kindel matchbook. this program includes all print purchase goings back to 19995 with the kindel edition costing from 2 th 99 to nothing at all from. bloomberg studios in san francisco, i'm emily chang, larry, carolyn, back to you. >> thank you. the worm is back in north korea. former nba star says he's visiting the country just to have a good time saying he's going to hang out with his friend, new buddy north korean leader kim jung un and his family. >> unpredictable dennis rodman on another unusual trip abroad back in north korea to visit kim jung un, the dictateor he calls a friend he loves sports and basketball. he me and him h

kodak is out of bankruptcy but don't expect cameras. the company announced it's exited chapter 11.ays it is now a commercialmaging company focusing e on packages and graphics. delta airlines began service todabetween san francisco and los angeles. the airline is offering 14 daily flights operate b delta connection partner compass airline autos a tiny fish is proving to be more useful than mice in trting certain genetic disorderses in people. a discovery made by a researcher looking to treat a syndrome that causes daily seizes in children. giving zebra fish andhuman trials will be underway ortly. researchers say they can be used to treat all sorts of coitions. >> it's kind inform a way dending on personalid medicine. your child has a gene mutation, we model that gene mutation then look for drugs just for that child, just for that mutation. >> another advantage of the fish is that they cane bred quickly. that let researchers do 10 years worth of experiments in just two years time. very ficient. >> yes. >> coming up, the owner the a's puts on a different act today. >> yes. how he ent

kodak the company announces today it is emerging from chapter 11 and will now be a digital imaging companyses. remember gateway? known for the cow mascot its troubled mainly because of the reluctance to enter the laptop market that was a killer and sold to teethirteen -- cer. is the risk reward worth the answer? next. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences belo.. to the finest comforts above. we're not simply saluting history... we're making it. gerri: ned trent shaking up the financial world with peer to peer lending. more investors chasing higher yields offering loans to those who have been turned down by a traditional banks but joining me now is a financial advisor for for:financial and the publisher of money q&a. investing over 140 kinds of these loans. tell me how you got involved and why you're motivated. >> by the financial

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we did find two exceptions, east man kodak and aig. maria. >> thank you so much. >>> what does it mean for a company when it's added to the dow jones industrial average 30, the dow 30? what does it mean when it's removed. former aig ceo hank greenberg knows that all too well. he was at the helm of aig when the company was added to the dow in 2004. he watched from afar when it way taken out during the crisis. hank greenberg joins me now in an exclusive interview to talk about that aand a lot more. what was the value of aig. >> it was 30 million when i started and 180 billion when i left. >> what numbers. great to see you. aig was added to the dow 30 while you were ceo. how does something like that impact these companies? it's been five years since the financial crisis. now, is that a big change when the company comes out of the dow? >> it's a big change. >> yeah? >> obviously you have to check their strategies. morale in the company goes down, the board of directors gets more involved. the ceo has to change his -- what he's been doing.

well, there was some good news from one of the america's oldest company, kodak is back, they emergedm chapter 11 bankruptcy. going to focus more on business imaging. >>> and now our fifth story "outfront," rolling the dice on syria. so the white house is making a full-court press trying to get congressional support, trying to get enough votes to authorize a military strike on the syrian government. if congress votes no, though, which is a very real possibility, will the president strike anyway? he says he has the authority to do so. so far the obama administration is completely ducking that question, though. >> i do not believe the congress of the united states will turn its back on this moment. >> if he doesn't get the votes, i know that's not the scenario you want, but if he doesn't get it, will he still strike? >> i think it will be a little bit of a hypothetical right now to discuss what happens if congress should vote no. >> he intends to win the passage of the resolution. >> and on the case that he does not, is the plan that he -- >> well, we're not contemplating not because it

i could send an e-mail and sell out from the beacon to this place, to the kodak in l.a.hollywood. and they said, who are you? what have you done? because it is such a -- such a small world. listen, it is a -- a great machine. but it is a small machine. which is a huge machine. with so much power. so i didn't -- i wasn't offended by it when i heard it. i said, okay, i'll just do this dvd the way i've done everything else and it'll be okay. then i got a a call from mike at lions gate and he said, let's have a conversation about it. and then i had such an attitude, i said, we'll have this and that and i won't do this or that and then at the end of the conversation, i heard, okay. and so i said, okay, we'll do that then. >> we'll bring you back -- >> that's it? up that quick? >> no, you're not finished. i'll bring you back. and i have movie ideas for you. tamron hall, melissa, you know, we got a thing. we can do this. tyler perry, we'll be right back. thank you. >>> coming up, stefy wu stefy wonder, back on stage at the apollo. and corey booker, how he is advancing the dream

it was named after the year kodak released the first box camera and roll of film.you have 10,000 instagram followers, you get a night free. liz: they have a flash cube? you remember those? david: i do. liz: it has been forced to amend long time no questions asked return policy, because customers began taking advantage, big-time. david: no. liz: rei traditionally granted refunds for just about all unwanted merchandise regardless of the condition or how long they owned it. it will require the merchandise returned within one year purchase. apparently somebody came and sent back shoes for 15 years. david: like that hasn't been done before. number one thing to watch tomorrow, fomc two-day meeting. we won't find out until wednesday but federal reserve policy statement will be released at 12:30:00 p.m. on wall street. all the markets will look at that. liz: money with melissa is next. melissa: i'm melissa francis and here a what is money tonight. who will take over the fed now? larry summers is out. who should be in at the next fed chief? renowned economist john taylor jo

. >> and before the digital age you'd have to go to the kodak store and pick period your pictures and> remember cave drawings? remember those days? that was fantastic? >> okay. okay. >> all right. that is what is trending today. coming up, we're going to check in with some of the babies that were born live on today and their parents. but first, the hot topic for new parents. we asked new moms if they would rather have an extra three months of paid leave, lose the baby weight instantly or get $10,000 for their child's college fund. more paid leave won, 44%. jenna bush-hager has been looking at these. good morning. >> good morning, guys, i just returned from maternity leave and research shows how important that time is for bonding but we found out very few, only 11% of american women have paid leave. >>> like more than 2 million american women every year, i'm headed back to work after giving birth. grateful to have had the summer with my daughter mila. >> well, this morning we're happy to welcome back jenna bush-hager who is back from maternity leave. >> it is not complete until you're

eastman kodak announcing its emergence from chapter 11 bankruptcy today.io perez saying we emerged as a technology company serving imaging for bismarck markets. and that company has, after that has been revitalized. adam: selloff in municipal bonds continue how will one of the largest issuers of municipal debt fare after upcoming mayoral election? charlie gasparino is here to discuss that with us. >> that large city is new york city and that expert would be particular kin. thanks for joining us. made it in the studio this time. last time you were lost in little havana having coffee at versailles. >> charlie, i had a better deal. going to joy's crab shack. >> you're one of the wall street fat cats. we have to give you that. new york city is in a really difficult situation. we had 12 years of a decent mayor. very strict fiscal discipline. we now have a bunch of potential mayors who want to increase the size of the budget. want to spend on stuff. one is frontrunner, bill de blasio. some people called him a socialist. why would i buy new york city bonds now? t

i could send an e-mail and sell out from the beacon to this place, to the kodak in l.a., and got to hollywood done? because it's such a -- it's such a small world. listen, it is a great machine, but it's a small machine which is a huge machine with so much power. so i didn't -- i wasn't offended by it when i heard it. i just said, okay, i'll do this the way i've done everything else and it will be okay. then i got a call from mike, come, let's have a conversation about this. and by then i had such an attitude, i was like, i'm not doing this, not doing that. you're going to do this, going to do that. at the end of the conversation, i heard, okay. i was like, oh, okay, we'll do that then. yeah. >> we're going to bring you back. >> that's it? it was up that quick? >> you ain't finished. you're not finished. i'm going to bring you back later. i have movie ideas for you. >> here we go. here we go. >> reverend al, we have a little thing we could do. we'll be right back. tyler perry. thank you. >> coming up, stevie wonder back on stage at the apollo. senate candidate cory booker on how he's advancin

and if you look out at great, you know, great companies, kodak has ran out of time.es, even big companies, can run out of time. to keep up and keep ahead. >> yeah. carly, have a great weekend. thank you for your insight today. >> great, thank you, carl. >> carly fiorina joining us, talking about dell, twitter, a lot of other issues. >>> don't forget about "squawk on the street." what's twitter's first official tweet after going public going to be? tweet us @squawkstreet. we've got some good ones. >>> meantime, the report moving markets according to a japanese newspaper, larry summers will be nominated as fed chairman next week. we'll take a closer look at what that report is doing to stocks and commodities in just a moment. >>> first, rick santelli looking at the risks and rewards of high-frequency trading. rick? >> absolutely. i used to trade catastrophe insurance bonds many decades ago. we're going to discuss hft, old-style trade, new-style trade, and maybe reinsurance to boot, all at the bottom of the hour. ask me what it's like to get your best night's sleep ever

new york times, kodak's restructuring is complete. the company has exited chapter 11.hey are shifting the focus from film and cameras, about time, and moving toward packaging, graphics and smartphone touch screens. they filed bankruptcy in january of 2012 after the company failed to compete in the growing digital market. >> from the lchl a. times, the cdc says 200 deaths from heart disease and strokes can be preevent ed. it recommends quitting smoking,le controlling blood pressure and cholesterol and the taking aspirin regularly. 800,000 u.s. citizens die from heart disease and strokes every year. that's nearly 30% of all deaths in america. >> from the new york daily news, bill deblasio found himself at the center of attacks last night. >> it's bill talking out of oh both sides of his mouth, making a list that's supposed to help tenants but ended up becoming a campaign fundraising list. >> this is another example of bill saying one thing and doing something quite different when it is politically ex-paid yent for him. >> he's been good on that stuff. term limits, yes, h

. >> back in the day, back when live tv, i had a kodak browny. [ music playing ] >> that's right.in a week. but the mull let makes it for m >> they're the right age. if they were older and had to do work in school. >> you need to be able to go online or watch your cable news shows. >> they can run around the backyard with their mullets on. works out for everybody. >> they look cute. >> a check of the weather. >> sure, why not. we had weather back then. we actually did. wasn't in color like this. sunshine and warm weather in the pacific northwest. central part of the country, scorching. slight risk of strong storms. sunny in the northeast. tomorrow we have more severe weather in northern new england. sunny and hot along the west coast. more rain with t >>> good morning to you. you can actually see a live picture. this is coming from san bruno, 45 miles away from mt. diablo. you can see that smoke plume. throughout this afternoon we're expecting hot temperatures and low humidity readings. wind also will play a factor. northwesterly flow 10 to 20 miles per hour. the good news is we'