futures are pointing to a lower open. nasdaq s&p 500 pointing to a lower open. let's take a quick look at the treasuries, the 10-year bund yield is down 0.51 to 3.31%. and looking at the ten-year note, the fed did say it would lower its yield. now it's down slightly. and gold is bouncing higher today as the pressure metal is still being supported by the underlying weakness in the u.s. dollar. spot gold is up to $1,010.60. let's get some market strategy with thomas tills and ameal volta, from rbs. ameal, let's start with you. now that we've heard from the fed that this is going to be a gradual pullback and it extends some of the housing lending through the first quarter. what is your sense of what the impact is going to be of this lower quantitative easing and who will step in to fill the void? >> everything is likely to be marginal. as far as investors in asia are concerned, i am the primary issue of importance is that we are talking about a subdued outlook. what that signifies to me is that interest rates should be set higher, even if there is a gradual removal

lower strike. then to cut his costs, he sold two of the september 35 strike puts for 25 cents each. now his profits are limited to the difference between the 37.5 strike put that he bought and the two that he sold. but remember, dan thought best buy was headed lower, so why would he sell those two 35 strike puts, which is a bullish option strategy. while he thought best buy would fall, he didn't think the stock would go below that $35 level. so he cut his costs and still made a bearish bet. so let's do the math. dan paid 75 cents and collected 50 cents for selling two. total cost of the trade, 25 cents. a full 2/3 cheaper than buying the put alone. but here's the catch. by selling the two puts and buying one, dan is effectively short that 35 strike put. and if the stock falls below that $35 level, he could end up buying that stock at $35 and be exposed to a maximum loss of $3,500. >> willing to draw a line in the sand. stocks are not going down 17%. >> this strategy dan wants best buy stocks to tra

the hang seng lower. joined the market status today, it is did close down about .25% but trading at the highs of the market. turning to the energy complex, of course, the strength of the dollar, a little bit of comeback that we're seeing seems to be weighing on the nymex. crude futures trading lower by about $1.25 or $1.29. and as far as rent is concerned, getting even lower, back below that $70 a barrel mark. >>> well, our guest host today is the chief economist and head of strategy the ecu group. kit, thanks so much for joining us. >> thank you, good morning. >> good morning. so the big question is, what kind of rebound do you expect to see? what's your outlook for the rest of the year and into 2010? >> i'm still relatively optimistic about the rebound in asset markets and economic activity. there's a lot of caution to say, look, this might not last, we've got to keep our foot on the gas, we've got to keep money flowing into it, but the result of that is, you know, we'll have a good third quarter, proba

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a lot lower afterwards over the next month or so. i think you got to be really, really careful here and i think you may want to think about taking that put off. you leave that call out there because it's not worth a whole heck of a lot and you learn that for free but the stock has potential to go lower here and you really have to be careful on this one. you just don't want any more downsize. >> is that what you would do, dan or roll the quick spread? >> one of the things he points out is the new data on rimm. i wasn't supportive of the trade itself. i have a little bit of the blame. i did like it because it did inflate. you can make a bullish bet but it turned out you wouldn't lose as much as if you bought the stock. couldn't be a whole lot more wrong than we were with rimm. we have new data. it's not looking that great. stock doesn't have a great track record in these events. cover the downside. >> have a question, send us an e-mail and we will try to answer it. go to optionsaction@cnbc.com. >>> time now for "the final call." the la

you have lower rates., if you are going to have a four-year car loan, the average rate at a major bank for a car loan is 7%. credit union the average rate is 5.25%. if you borrow a lot, you will save over time, because those interest rates really add up. >> at the same time you are trying to save money, you also have goals in mind. you want to save for college. you want to cia for your child's wedding. how do i save for college? >> well, you want to make the cost of savings for college not cost you money. 529 plans are a great way to save money for college because you get a lot of tax advantages, so you don't have a big tax bite. two-thirds of new 529 plans are sold by brokers, and brokers charge a really steep fee. you don't have to buy it pray broker. you can go to a website called saving for college.com and find out good plans and buy directly from a broker, you'll save a lot. >> you also want to have some fun, though. you don't want to always seem like you are hoarding your cash. what about saving for

you look now it's $2.50 lower. unless we get a dramatic rally tomorrow on the last day of the quarter, the oils future price will be lower than a quarter than all the other risky assets. it calls into question oil futures themselves. you look at a lot of these energy equity names. look at oih, oxy. is it oil that's broken or is it the way people get the exposure? is it the regulation we talked about this quarter? people don't want the exposure to the actual underlying asset. they want to figure out another way to get that exposure. >> institutional traders -- joe points out a big argument here. institutional traders think oil is the key. now that oil failed, they think the s&p is coming in. >> we had an energy analyst from summit energy say $58 is where oil was headed. >> i will take the other side of that. >> let's say for a moment in time that brad samples is right. does that mean the s&p 500 follows lower? >> yes. >> take the other side joe. >> i will tell you when we approach the month of october, you will see

nasdaq future also pointing to a lower open. s&p pointing lower, as well.s, of course, after the dow finished up 124 points yesterday, on monday. let's take a look at the bonds and see how those are shaping up. the yield on the 10-year note is up to 3.31% after the treasury did see buying on light volume, which drove yields lower yesterday. louisa, how is it looking in europe? >> we're a little lower across the board on our european sectors. basic resources are off the most follow i closely by telecom, construction, industrial goods and services. when it comes to the industrial sectors, you're fought seeing a bunch out there at the moment. we are seeing a couple of outperformers, though. in general, some of the banks have been seeing a little bit of buying. not much, though. on top of that, we're seeing some interest in some of the big underlying outperforming new stories of the day, sufficient as compass group, for an example. let me show you the currency cross rates. you've got the dollar/yen flat to a little higher. euro/dollar, lower by some 0.2%. lisa.

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nasdaq futures are pointing lower and s&p futures are pointing lower. so a little bit of a reversal. this, of course, we're waiting not only for the jobless claims and the housing starts, but we're looking for earnings from fedex coming out before the bell and ge is holding an analyst meeting. so we'll be getting news from those two bellwethers. taking a look at the 10-year t-note yield, 3.47%. maura, over to you. >> well, the bank of japan today upgraded its assessment of the economy, the japanese economy. it also kept rates on hold by 0.1%. meanwhile, the boj governor said a stronger yen could boost japan's economy. luca, thank you for joining us. boj is well known for being very, very cautious and very, decree conservative. do you think their upgrade on the economy today was warranted? >> i don't think it's a real upgrade. i think, yes, it's a slight upgrade of their forecast, but the situation remains very green and their statement was -- it must have been a very responsible one saying, look, what we're seeing in countries is probably a good result

dow futures down 14 points from fair value, nasdaq slightly lower, s&p also pointing to a slightly lower open. let's take a look at the boone yield, down to 3.23%. and we have a strong demand for treasuries last week, the yield on tenure note down to 3.31%. if we take a look at gold. we've been tracking where it's moving around that key 1,000 mark, it's now down 1.65, that's .16% to 987.05. christine? >> thanks, julia. >>> joining us now for market strategy, we have our panelists, the cio of bearings, and associate director in our hong kong studios. martin, let me start off with you first. how are you positioning yourself in this climate? >> well, we have become a bit more cautious recently just based on the valuations in china that haven't been as key at the start of this year. using different types of classes that are so colated. not just equities, but convertible bonds. it's quite interesting in an environment where deflation and extreme inflation are possible. and also, still like those assets very much as well as other commodities. it's dropped so far this year whereas many equity m

while the yen is lower at this point in time, most of the trading session it has been lower and that is a negative for the autos. particularly for companies like toyota, remember, they budgeted in '92 for this fiscal year, so if we continue to see strength in the japanese year, this could be a problem. on that note, back to the u.s. with mike. good more. >> thank you, adam. there's one notable item today, the fed's beige book, the report that's published eight times a year on economic and business conditions from the fed's 12 regional banks. charles evans will be in new york at 7:30 in the morning to speak about the great inflation debate before the council on foreign relations. about 2:00 this afternoon, dallas fed president richard fisher will be speaking about economic issues facing his home state of texas and that is your global stock watch. christi christine. >> well, come up on "worldwide exchange," the oil market is in good shape, according to opec. we'll assess what the cartel will and won't do at tonight's meeting in vienna. >>> plus, the bank of england is set to leave rate

lower. take a look at treasury yields. the bund is down 0.012 to 3.33%. and the u.s. treasuries are at 3.93%, up 0.005. this comes as the government announced $ 12 billion of auctions of 2, two and seven-year notes next week. >> to our first guest to talk about market strategy, we have matt king, grand bibby is managing director at richmond asset management. grant, let me start with you. you expect to see more upside for these markets. we had a bit of a down day today. is that part of the natural breather that we should be seeing? and how much more upside do you expect? >> well, we had a 3 1/2 to 4-month consolidation. and in the last few days to a week, we've seen more and more markets break to the upside. for me, we should see quite a powerful end to the year. on a momentum analysis, we know there's more money wishing to get into the market. a lot of people thought there may be a w pullback in the markets. this is not happening. so i think this is just a pause and then we're going to see f

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goldman sachs lowered the price target, downgraded rimm. going forward i don't know if it's one of the names you can continue to own as a hedge fund vip list. >> we talked about it yesterday. it will overshoot. it did it in june, it will do it again, it will overshoot probably next week. especially if the tape is weak. i'll say again don't jump into rimm thinking it's a value play because it's not and don't think you're buying the bottom because you won't, and those double tops loom in rimm. i think 65 is your first level. joe mentioned it trade down to 68 1/2 today. but i do think we'll see 65. and then go from there. we'll have an analyst on later to talk about it, but i think rimm is a crowded trade. people are going to have to pile out. wait for it to happen. >> i think we're going to bring in that analyst right now. you guys are down on rimm right now. this man, he's standing strong on the street out there. we had a number of downgrades today, raymond james, goldman sachs all cutting the stock on the back of the earnings downgrade. our

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. >> we're looking at the lower end of manhattan as a result of a collapse of one world trade center, that whole financial district is now engulfed in smoke and debris and there probably is going to be a lot more smoke inhalation problems as a result of this. >> almost certainly, tom. i was standing and saw that collapse. everybody here just gasped. each the medical workers and the ambulance attendants when they saw that people are used to tragedy grabbed each other and hugged each other and some started to cry. >> the triage unit. >> exactly we're close to the base of that building trying to evacuate people and when a building of that size falls, it does not fall on its own footprint. >> no, absolutely. i'm several blocks north of there so i don't know what that area looks like but one can only imagine. >> the consequences go on. not just to the world trade center and the poor people who are trapped and caught there but, of course, that is the heart of the world financial markets which have now been shut down effectively as well. so the ripple effect continues this morning as we all

was associated with even lower i.q.'s. >> that brings us to our water cooler question of the day. >> do you think spanking a child can impact their i.q.? >> marla says i would have to question whether the children in this study developed lower i.q.'s because they were spanked or because they had congenital issues. >> and one says spare the rod spoil the child. hi spanked my child and she graduated valedictorian. >> one writes i think spanking does not teach you manners. no one has the right to raise a hand to another human being i think if we respect our children they will respect our parents teachers and peers. your responses at www.wbaltv.com. >> good morning. two new accidents coming in if you're going to head out north on harrisburg. delays forming due to an accident so near that exit we have an accident we're tracking and we're going to try to find out what lanes are blocked. we'll continue to monitor this situation. meantime fur going to be heading out to route 24 in the area of 59 we're also checking out an accide

we understand that we have to do something to lower the cost of health insurance and lower the cost oflth care. ultimately, even the congressional budget office has identified plants that are being moved through congress -- that the plans at a moving through congress would not lower the cost. we need to do what is right. i think the midterm elections will be less about political posturing and more about whether the american people feel that congress has got the message, not just on this issue, tavis, but i was in washington for the taxpayer march on washington. i did town hall meetings all across eastern indian out over the month of august, traveled the country. the american people are frustrated with washington, d.c., and with the political class in both parties that have seen runaway federal spending on their republican and democrat spending, bailouts, takeovers -- borrowing spending, bailouts, takeovers. if washington does not get the message, election day is usually the day that they get it. tavis: is it your sense that whatever health care comes forth will be without republican su

temperatures dropped in the suburbs to the lower 60's. matt afternoon, that afternoon i will be in the mid 80's, with lots of sunshe. the extended outlook, talking about a cool down on the way it wednesday, thursday, and friday. a quiet and pretty start to the work week, and we are pretty much on average of where we should be for rain totals this year. >> for football fans, it may as well have been a downpour all day long. >> opening sunday action, and how about the return of brett favre? we will a.c.l. he did when we ke while i was building my friendships, my family, while i was building my life, my high cholesterol was contributing to plaque buildup in my arteries. that's why my doctor prescribed crestor. she said plaque buildup in arteries is a real reason to lower cholesterol. and that along with diet, crestor does more than lower bad cholesterol, it raises good. crestor is also proven to slow the buildup of plaque in arteries. crestor isn't for everyone, like people with liver disease, or women who are nursing, pregnant, or may becom

two stocks to watch today, potash is lower today. lowering the third quarter outlook. and lennar reported a wider third quarter loss because of charges. now let's get a read of what's hamming at the nasdaq. for that we go to brian shactman. >> thank you, mary. we're giving up a negative open here. dell is the story of the day. i won't redevil inlve into the details. interesting story in the l.a. times about google. they're going to have to do something in china, market themselves. obviously some challenges involved with that. also, reports out there the new ad exchange might be about 400 million added to top line revenue. of course, we're still sort of monitoring what's going on with their digital book deal. always seems to be something going on with the courts. yahoo! is all around me right now, basically barron's saying over the weekend they're emerging as a value play. all the people who thought there was a deal in the 30s with the microsoft, they're gone. holders are in. ubs is saying ebay is using google and not yahoo! for the search ad. also want to say another l

the dow jones industrial average lower by 40 points. the s&p 500 lower by 6. the nasdaq composite lower pi a little more than 16 points, 3/4 of a percent. let's get more on today's action. bob pisani is our eye on the floor at the new york stock exchange. >> michelle, first half of the week, very different from the second half. right at the fomc meeting in the middle of the week, stocks weakened. and really two days of below par economic news also hurt the markets here. put them all together, down about 2% on the week. let's look at some of the major sectors. what i want to point out, not big moves on the big indexes, but small sub sectors have been hit rather hard this week. housing on the two days of disappointing numbers here, kb homes did have their earning support out. it was better than expected, but the ceo was very, very cautious in his statement on the overall economic outlook. that stock got hit today. all declining in the double digit area. other big sectors, transports were notably weak here. this is a leading indicator of

of course, it also helped lead the way lower earlier in the year. but as banks work to repair their balance sheets and their reputations, they are having to pay a higher price to protect their board rooms...so called directors and officers insurance. we spoke with lambros lambrou of aon analytics. part of a young corporation oak were talking about directors and officers what is it how does it work? it basically provides insurance to protection to directors' and officers' insurance companies for losses they can be brought against them personally. in the the state perform for the company one way of think about it is like pressuring. for instance this would be a c o or a chairman for someone and deceased tweaked as well as in the boardroom but less protection against liabilities of making mistakes of some kind. pool shareholders' profile both claims and vendors can file those claims anybody can file this lawsuit right? in a lawsuit that a company prices often what will happen is that it will be expanded beyond the corporations to the individuals who wo

nasty storms moving into the lower mississippi valley. but the good news this morning, starting to see the rain shutting down here across northern georgia into the atlanta metro area. most everything holding off to the north at this hour. first thing this morning, though, eastern north carolina, wilmington, and up towards raleigh, over to greenville. first thing this morning, few isolated showers and thunderstorms, could see one to two inches of rain there, but otherwise a cloudy start to the morning. 69 in atlanta and savannah, tallahassee waking up with temperatures into the mid-70s. lower 90s with storms, and some locatio here across the interior of florida, nashville storms and 81, 80 in atlanta with storms firing up again later on this afternoon. so bad news for the flood-prone areas. but in the northeast yet again, a few clouds and a beautiful day. highs in the mid-70s to lower 80s. that's a quick check of the forecast around the region. now a look at the forecast close to home. all right. if you're watching us in atlantic city, loo

with temperatures only in the lower 70s. detailed look at how this cool air stick social security around coming up. >> thank you, vytas. >> things are heating up at a baltimore county middle school. literally. parents and teachers at ridgely are saying you they are stuck in classrooms that sometimes reach 100 degrees. the school was renovated in 2007. adding energy efficient windows with tight seals to go along with new air conditioning. but the new ac units were cut from the budget. now the kids are just sitting in those hot humid rooms. >> so just a matter of us getting back with the engineers, and just looking for a solution that will be viable and feasible for us in the near future. >> well parents have been brings the issue of air conditioning for almost two years. because state money was used during the last renovation, ridgely is not eligible for state funding for the next 15 years. >> controlling certain vehicles was not easy for some people today. first a truck plowed into a carroll county home. police tell us 28-ye

they have lowered the price tag and they leftout the government- run insurance option. they are trying to gain enough republican support to get the bill passed, but they are running the risk of upsetting leading democrats. joel brown explains. >> reporter: the latest version of the health care reform bill is almost ready. a group of six moderate senators from both sides of the aisle have been working for months on a compromise. the lawmaker leading the group, democratic senator max baucus says it addressed some of the biggest concerns. it will likely leave out the government option, which is government funded insurance. that is necessary to win some gop support but it will upset some democrats like house speaker nancy pelosi. >> we will again improve quality, lower costs, expand coverage and maintain choice. i believe that a public option is the best way to do that. >> reporter: the compromise is expected to expand coverage by requiring all americans to buy health insurance by 2013 to help offset the cost the plan would offer tax credits to lower and middle-income ameri

they can't lower rates. they can't lower taxes. they can't lower regulars.1p all we can do is hope on individual initiatives. >> a lot of people, the new worry is what is the exit strategy for the federal reserve? we have stimulus in the market but at some point the fed has to turn off the spigot. are you worried? >> our fixed income manager would say they expect sluggish growth from here on out, hence plentdy of time for the fed to be proactive in keeping rates lower. not a concern around any immediate exit need. >> how do you continue to see asset growth at the company? give me your strategy in terms of building your own business? >> we are appreciative it is night and day from a year ago to 18 months ago. that improvement has investors coming back in. the comments earlier, there was a notion let's pause and reflect. now it is let's get positioned and act. we see that with the institutional consultants and plan sponsors and in the retail world through the asset allocation programs. >> you've got the money on the sidelines. you ha

ending the day lower.teeler plays were dragged down on that market pulling the shanghai composite on to a three-week low. we saw a recovery in the banking stocks. hsbc recovering from the day's lows and separate news reports said that the group's ceo will be relocating to hong kong. they're going to be keeping the domicile all clear. it is up in london trade by 0.8%. moving on to the north asia, japs niece equity markets were very, very soft indeed today, dragged down by the financials. it was a terrible day really for them given that nomura holdings is looking to raise another 5.6 billion u.s. dollars. so far this year, taking the eye ta italis and boosting its capital ratio which will take it up to 12.7%. and the big caps fell lower on this news. on that note, back to the u.s. with julia. >> thanks, adam. here in the u.s., investors will get a trio of economic reports to wrap up the trading week. durable goods are out at 8:30 a.m. new york time, expected to rise by 0. %. at 9:55, we'll get consumer senti

the first point is that it works well for people to happen to be of lower income.the second question is an inequity question. what is a fair contribution for the pharmaceutical industry to make this health care legislation? i just want to mention again, as i understand it, hospitals costs make up roughly 40% of medical costs. is that about right? my understanding is that pharmaceutical costs take up roughly 10% of medical costs. is that about right? i realize that some of the hospitals are nonprofit. some of the hospitals are for profit. if you think about hospitals comprising 40% of the cost, that is a difference of about three to one. let's say that even half the hospitals were nonprofit. i think that is roughly right. it would be like, if we are looking at for-profit hospitals, it would be 1.5 to one. the deal that the administration negotiated, the $80 billion for pharma, frankly, as an equity matter, i do not think they are far off the mark. i was not part of the negotiation. if you do the math and run out the numbers, in terms of equity to farma and hospitals

moving lower in the after-hours session.n-line etf sales wray bit light, licensing revenues on software a bit light turning a little bit higher but still lower overall. keep in mind we saw some put activity yesterday. so there are some inklings in the market that perhaps oracle would miss or trade lower today. take a check on the impact of the futures because right now so far so good. we're not seeing too much of an impact on the nasdaq. that's a positive sign for the tech trade in tomorrow's session. >> and oracle didn't have much effect all day. oracle was struggling all day long. it's out of the gate it was struggling and the rest of the technology just kept on powering higher. >> okay. let's move on here. time to get some lessons from lehman. from one of the few who saw it coming in early 2008. he was one of the few economists at a major wall street firm willing to forecast a nasty financial hurricane ahead. take a listen. >> i think by the end of the year we're going to see triple-digit declines in non-farm payrolls and

right now stocks are lower. we were higher earlier today but then we got these home sales numbers we'll go through. asian markets fell overnight and europe is lower at this hour so we're seeing a lot of red around the world. unemployment benefits fell to a total of 530,000. that's in fact the lowest since the week ending july 11. but existing home sales, they fell 2.7% in august. economists had been expecting an increase so that sort of flipped stocks and now we're lower as a result. the fed, though, kept rates low as expected during yesterday's announcement. but is changing some of the programs that were created during the financial crisis. it will extend one intended to lower mortgage rates and prop up the housing market through the end of march rather than halting it the end of the year. however, the central bank will scale back two of its emergency lending programs citing improvement in financial markets for reducing the programs but the fed remains concerned about possible market pressures through year-end.

wells fargo is lower, a number of financial services higher today. the other dow stocks, let's look how the dow components are faring. you can see the trouble. exxon under selling pressure as is at&t and verizon. that is why you have a decline of 19 points on the dow because beyond that you have a good move on the upside in boeing. >>> the u.s. wealth management payne weber is not a core part of the bank's operations. is this a clue as to what lies ahead? if anybody knows charlie gasparino, author of the upcoming book "the sellout." charlie. >> simon, nice to see you. >> some british accents with me and maria with the new york accents. clearly the head of ubs is looking for a change in the wealth management unit. right now he's in negotiations with bob mccann, the former head of the wealth management unit of merrill lynch, long time merrill lynch executive left last year amid turmoil. here is what mccann wants to do. mccann had made a proposal to essentially if he was going to take this job as head of wealth management he wanted at some point to have

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markets opening slightly lower. expected that, 28 points. >>> here to share than investors strategies are tyler bernen, money manager with built more capital. and doug maccay, president and ceo -- cio of broad leath partne partners. doug, where are you locates? >> cleveland. >> okay. the first word always goes to the person farthest west. so what do you think of the markets here? >> we've had a great run, 60% off the lows. i think the main message that i would like to give is that, year to date basis, we're just up about 18% on the s&p 500. and at least historically speaking coming out of a recess, the market has averaged a 30% gain. i would argue given the severity of the recent downturn an even bigger number might be possible. so we're bullish. >> okay. >> we're somewhat a mixture. we think we're in a sideways ma market here. somewhat similar to the pattern of the '70s. from a fundamental standpoint, the market is way ahead of itself. the cash on the sidelines getting nothing in the money markets is going to provi

. >> yet the ceu's call for lowering the retdz tape and lowering taxes pleased germans. >> we want lower taxes. we want a lower regulatory agenda. >> they had been in a so-called grand coalition with merkel and the stat faction with that and the party's socialist message led to the worst showing in post war german history. germans favored more economic savvy over more government handouts. >> they gave a vote of confidence to human mandate. there is more to germany and our society than social security issues. >> it is a trend seen elsewhere in europe. friend president sarcozy and italy's berlusconi are creeping the left wing away, but still they are more socialist than us. germany and chancellor merkel believes in a strong state and moderation, and tax cuts might have to wait, but still, germans are savoring their booty miracle. shock waves from the german elections are being felt in england from the center left labor party of gordon brown trailing badly in the polls to conservatives. elections expected for next year could continue the old world's new shift to the right. in london, greg p

. >>> lower energy costs may translate into lower heating bills this winter but bge isn't ready to predict what will happen just yet. crude oil and heating oil prices are down 50% from a year ago and natural gas prices dropped by 80%. bge is expected to forecast what will happen with its rates next week. >> rates for electricity and natural gas are going to be down this winter. they will actually go down and bge and delmarva territories october 1st. not by a lot. the supply portion will go down about 3%. >> but the demand for power could offset the lower energy prices if we experience one of the coldest winters in a decade as many forecasters have predicted based on a weak el nino in the pacific. >>> across the region now no precipitation showing up on maryland's most powerful doppler radar. of course if it can show temperatures it would be all blue because we're way below normal temperaturewise. for the next couple of hours if you're going out look for temperatures to hold in the 60s, with partly cloudy skies. there is a chance that we could see a sprinkle just north of the pennsylvania l

a keynesian vicious cycle in which lower spending leads to lower employment leads to lower incomes leads to lower spending -- continuing a cycle. and a panicked vicious cycle in which individuals seek financial institutions in trouble, rushed to withdraw their funds, putting those institutions in more trouble, causing others to rushmore to withdraw funds -- rush more to withdraw funds. starting in two dozen 7 but accelerating a year ago this week, these five mutually reinforcing, vicious cycles created a situation more dangerous than anything most of us have ever seen. they created a situation in which we could not rely on the market's capacity to act. in which there was no alternative to strong public action. president obama's economic recovery and financial stabilization program was premised on exactly this idea of containing vicious cycles. supporting spending, income, and the real economy in order to support the financial system through a direct program of increased spending and reduce taxing, through the recovery act. and supporting the real economy by supporting the financial syste

some trade unis and industries offer memberships to negotiate lower rates. four, offer consumer directed options such as health saving where employees pay for smaller expenses use iing pretax dollar. make sure you have a wellness program in place that encourages your staff to get healthy. >> it's one of the financial issues affecting small business owners. another is losing customers. his clients don't sweat the small stuff. what's the message? let's make a deal. >> more now than ever, people are saying i lost my job. i need to cut back. i don't want to cancel, but i have no choice. >> it's this harsh reality that sweat fitness day after day. >> one is a gym membership. >> the recession caused customers to rethink their spending. the reason for tightening their budgets are almost all the same. >> when people call up to cancel, they are cancelling because they lost their job and they are being downsized orf, ? their salary is being reduced. i would say that 50% of the phone calls we take are people calling to cancel. cancel and or freeze their membership. >>

blackberry research in motion trading lower..j., are you seeing anything by way of the action auctions activity that makes you believe that people are optimistic or pessimistic about their guidance? >> we've seen a lot of the out of the money call-buyers. the one thing i would tell people, instead of going out and buying the call at a high volatility, you're probably better off going out and selling the put-spread like the october 80-75 put spread. take advantage of the high volatility. so even if we move down. you could be wrong and make some money. if the number comes in as expected and the options get squashed, you can make some money, also and you're defining your risk to the downside. >> dr. j, who do you like j.j.'s trade? >> i do, and j.j. and i are long-time frechbds, smart guy, j.j. that's why he's not saying to sell the puts, naked as well. a lot of people are coming on and say sell the puts be out of the money puts. that's one of the dumbest trades you could make. especially if you have a big gap to the down side. so

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that is lower than it was a decade ago in america. the number of uninsured americans, basically unchanged. the number of government insurance plans jumped. 87.4 million americans, that's 29% of our population receiving their health care from the federal government. there's a simple and important reminder from health officials, don't forget your regular flu shot. with so much aention on swine flu these days, on this broadcast and others, there's real concern millions of amerans will n protect themselves against the ordinary seasonal flu. our chief science correspondent, robert bazell has more on what could be a double threat this flu season. >> have yoever gotten shots before? >> we have. >> every year. >> you get them every year, okay. >> reporter: it's been a yearly ritual for many americans. getting their vaccinations against regular seasonal flu. >> are you ready? >> yep. >> reporter: today, experts urge people to continue getting them despite the threat of swine flu. health officials expect this year's flu to be a combination of s

we agree much needs to be done to lower the cost of health care for all americans. on that goal, production are ready and we have been ready to work with the president for common sense reforms that our nation can afford. afford is an important word: our country is facing many challenges. the cost of health characterizing. federal spending is soaring. we are piling huge debt on our children and families and small businesses are struggling through a jobless recovery with more than 2.4 million private sector jobs lost since february. it's clear, the american people want health care reform. but they want their elected leaders to get it right. most americans wanted to hear the president tell speaker pelosi, majority leader reid, and the rest of the congress that it's time to start over on a common sense, bipartisan plan, focused on lowering the cost of health care while improving quality. that's what i have heard over the past several months in talking to thousands of my constituents. replacing your family's current health care with government-run health care is not the