he's lincoln ellis, chief investment officer at strategic financial group. >> suzanne: j.p.organ chase kicked off the third quarter earnings season for banks today with a bang. profits came in at just over $1 a share. that was 11 cents better than expected, and up 23% from a year ago. but the good numbers weren't enough to help the stock, or the sector. as erika miller explains, investors are now worrying about all the headwinds facing the industry. >> reporter: the scene at your neighborhood bank may not look much different than it did a few years ago. but don't let that fool you. there have been big changes in consumer behavior nationwide. americans are saving more, and reducing debt. k.b.w.'s fred cannon says this change is single biggest drag on bank earnings today. >> consumers are doing the logical thing, reducing debt loads. that's a good thing for the long-term of the economy, and a good thing for the long-term of the banks. but in the short term it means less volumes for the banks, less business, less activity. >> reporter: but it's not just the drop in then number

he's lincoln ellis, chief investment officer at strategic financial group. wal-mart, meet the ipad. the world's largest retailer will begin selling the tablet computer on friday. the ipad is one of apple's most popular items, and is already carried at best buy and target. but don't look for wal-mart's famous price rollbacks to extend to the ipad. the computers will sell for apple's suggested retail price starting at 500 bucks apiece. >> jeff: the i.r.s. is having i.t. issues. the tax agency says a server shutdown over the weekend did not go as planned, and its modern e-file system is offline. so far, this is not a huge problem, and only involves one part of the i.r.s.' computer systems. but it comes at a bad time. there are just four days left until the deadline to file, for people who got an extension back in april on their 2009 federal income tax return. euqutuuuu >> suzanne: federal and state officials continue to dig for solutions to keep the hudson river tunnel on track. last week, new jersey's governor scrapped what was the biggest public works project in the u.s. due to its h