>> all right, mandy, thanks very much.we are joined by our own jon fortt, as well as gene munster from piper jaffray making a trip west here. we talked about the so-called bernanke put in this market. do we have the tim cook call? why are apple shares down 16 bucks? >> i think the bad news today it looks like they were a little soft on their ipad number for the september quarter, probably somewhere between 15 and 16 million. the street was somewhere between 17 and 18 million. so i think that's small related to the more important news today, the announcement, probably why the stock is a little soft today. >> gene, i'm wondering, is it possible they just sort of rounded here, 100 is a nice number, instead of saying 103104, 105? could we be reading too much into that? >> could be. did say they crossed that 100 million number two weeks ago. put you around october 7th, something like that i think that probably the math seems pretty solid in this case. >> you and i talked before we went in you expressed concerns. you wanted to s

>>> mandy, thank you. a sign of hopium? perhaps. gdp coming in stronger than expected but there is always more to the headline number. let's find out what that is. steve leisman joining us now. one thing i am concerned about is the price index, being about 30% more than expected. is inflation a worry? >> i think it is something to watch but it is not a concern right now. we had a 2.8% number on the inflati inflation, the gdp deflator which is the number they use for inflation to reduce total top-line or nominal growth by. but when you dig a little deeper into that number, brian, it doesn't cause particular concern because the core remains contained. here's -- this is the contributions to change. this is your hopium chart. this is a different way to look at gdp. this is how we got to 2%. look at that chart. 1.42 percentage points of the two comes from the consumer. look at business investment and inventories taking off a quarter point. housing showing up in the macro economy, trade taking off and government a big number. a lot of tha

>> mandy, you're absolutely right. ici reported last week even though the stock indices almost doubled since our lows back in '09, investors pulled about $140 billion out of mutual funds and etfs, a couple of stunning facts, all that money seems to be flowing toward fixed income. vanguard reported the first time in history, bond funds bigger than stock funds. if i had dell disclosed last month, the size of their bond and money market assets almost $850 billion. that's more -- [ overlapping speakers ] >> -- about bonds -- >> the market is going to do whoever has the most participants. you are absolutely right. >> peter? >> i agree the biggest losses in the bond market. the people who will lose the most, unfortunately, the people who think they are playing it safe. they are trying to protect their principle but losing sight of the purchasing power. the dollar is going to lose a lot of value, not just against real money, gold, but against other fee yap currencies. the more the federal reserve tries to interfere with this

for the latest on the storm, let's turn to cnbc's mandy drury. mandy? >> yeah, thanks a lot for that, scott. let me take a look at some of the stats. a short time ago new york city mayor bloomberg came out with the very latest damage assessment from sandy. >> we're here to update you on hurricane sandy which has now officially left the new york city area, but i think it's fair to say that the path of destruction that she left in her wake is going to be felt for quite some time. >> well, sandy has left, scott, at least 18 people dead. 10 of them are in new york. 23 fires across new york as well. massive flooding and widespread power outages for over 8 million people across the northeast. mayor bloomberg also says the damage to the area was extensive and will not be fixed overnight. as for the public transportation system in new york, scott, it's facing dramatic damage. surges of water have flooded both the subways and the tunnel systems. the mta says it's their worst damage in its 108-year history and governor cuomo also just said a moment ago that there

>>> mandy, thank you very much. well, if you are lucky enough to have a job, our next guest says -- stay in that job for at least a decade. joining us, david williams, ceo of fish bowl. he recently wrote about this for "forbes." david, i thought we were a nation of job hoppers. >> well, i think that's correct in some people's minds. >> that's a bad thing? why? >> it is a bad thing because you miss out on a lot of the long-term benefits that come from being loyal and committed and staying with a group of people for a period of time so that you can start to reap rewards of tenure and loyalty. >> but is loyalty that prized anymore? i mean i know so many people who are saying that the only way to quickly move up the ladder essentially is to hop from company to company. i mean loyalty, does that really reap reward over a long period of time, david? >> well, when i see somebody that's hopped from company to company, it tells me they're just looking for the next best gig and that they're not looking to contribute back to t

>> mandy, this from an r.r. donnelly spokesperson saying, quote, we are fully engaged in an investigation to determine how this event took place and we're pursuing our first obligation which is to serve our valued customers. google, of course, a customer in google, we're still awaiting a full earnings release to come after the bell. >> herb, you wanted to jump in. >> ed, herb greenberg. you mentioned this is edgaronline, a small part of r.r. donnelly. this concept of filing agents which i guess edgaronline must be for them, what's the risk that business nearly goes away? >> they paid $70 million for the whole company. donnelly is a $10 billion business. >> the filing agent business -- >> did you hear? they paid $70 million when they bought it. it is a $10 billion -- >> ed, like steven, i have a law degree. i read enough cases you sue the guys with the big pockets. edg edgaronline is not going to get sued. r.r. donnelly is going to get sued. >> sir, the rating agencies have been sued for years on bond ratings. th

>> well, mandy, i think you can probably see it behind me as well. an entire community turning out, hopeful to see a sighting of the president as well as their state's governor. unfortunately, apart from the landing of air force one, and a flyover of a fleet of blackhawk helicopters, we actually haven't seen that. it appears that the governor and the president have made their way farther north to places where the damage now that we've seen some footage and some documenting of the actual damage there appears to be much, much worse than what we've seen here in atlantic city. no doubt, though, you can see behind me the wreckage here is devastating as well. tons of evidence of flooding. i spoke to many residents who were talking about their own houses flooding and how they are attempting to get power and attempting to get the rebuilding process moving. for now, a rare day of sun after a string of storms, as we know. so the community is gathering out here today. we have -- we're still waiting for news on exactly what the president and the governor will sa

keep those gas prices in the swing states low, mandy. >> absolutely.counts. >>> so, mitt romney celebrating today after what many are calling a big victory in last night's debate. the market has been paying very close attention, as you could imagine, to the race with many already pricing in an obama victory. so what does a romney resurgence mean to your money? joining us now, paul hickey, co-founder of the spoke investment group and on the back of the way the people perceived the debate last night, we're seeing a little bit of reaction in certain sectors for the potential after romney win. but i want to know what you think is going to be a winner. >> i think a romney win, one area that would benefit -- medical device companies. there is hope if romney's elected and repeels the affordable care act, then the device tax will be repealed helping out these companies. that tax will pretty much go right down to their bottom line if it is taken away. so that's a nice 3% to 5% benef benefit for those companies. >> what about the losers? >> if romney wins, one p

mandy?> if only all charts thought with were that clean it would make it a lot easier. >> perfect. amazing. this is one month, not intraday. one month. euro versus the s and p 500. >> thank you, bob. >>> jp morgan is preparing to defend itself against a civil suit by new york's attorney general who says the former bear stearns knew a unit of jpmorgan, defraud investers who bought their mortgage securities. guess what, america, we are all going to pay for it. >> that's right. i want to show you some things, know people tend to get angry about these banks and say that's right go after them. here is the problem, banks get find, you tend to take a hit. here's proof. three statistics you will not like, the average atm fee now $2.50. up four% year-over-year, places in new york are charging 3 or 3.50. average monthly checking account fee is up 25% year-over-year. minimum balances also on the rise. the average overdraft fee, dip into credit, guess what that is also up 1.4% year-over-year to $31.26.

>> still a surprise, mandy. you got to look at this guy's track record and though he has had some stumbles lately, particularly with services, in terms of software, boy, what he was able to accomplish is amazing. i don't know anybody outside apple who saw this coming. >> leave it there. thank you very much. >> wait. whoa. whoa. suggesting a company would dump bad news an day when everybody is focus old something else? >> it's a conspiracy theory. >> get phil lebeau on the phone. kidding, phil, if you are out there >> healthy debate on that subject. >> tired of it. let's move on. >>> coming up, could sandy be a 50, maybe even $100 billion storm in the latest on the costs ahead. >>> plus, if you think there's been more storms the past few years, you're actually right, because some incredible stats coming your way on the weird weather that we've been facing in recent years. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from th

. >> even though i was an adult when "mandy" hit, it knocked me over. all that. >> was it fun writing new music? we're used to your old classics. >> i loved it. and this "15 minutes" is more of an up tempo rock 'n' roll, so that was a big challenge, too. >> who is the lyricist you worked with so much? >> nick anderson. you know how i met him? i was playing at the troubadour. as i was cleaning up and putting my stuff together, he handed me a stack of lyrics and said, would you look at these? and they were great. they were great. most of the second album is his lyrics. >> do your fans, all the fans who are standing outside watching you, what do they think of the new stuff? >> they're crazy about it. read it on amazon and i-tunes. i'm so grateful, because it's different for me. i'll be doing a single in a couple of minutes. you'll hear it. >> we listened to the cd this morning. you said, and i was surprised to hear you say this, when fame first happened to you, you were surprised at how you became a person you didn't like anymore. >> i think everybody does

those are the big four, mandy. we're going to take a quick break. mandy, back at the heat wall.ore on this market meltdown on a rainy friday in new york on cnbc right after this. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. the gecko is demanding free pudding. and political parties that are actual parties! with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the s

when that high tide is set to hit, mandy. so even though the conditions are worse rning, your window to get out of here completely closed and the worst is still yet to come. guys, back to you. >> be safe, kayla. >>> if you plan on flying either in or out of the new york area, good luck. there are no flights out of the major airports here. new york air travel impacts nearly the entire country because so many flights either originate or connect through new york. as we head further out from new york city we find our own brian schactman. he's live on the far tip end of long island onmontauk. >> i'm seeing a lot of this flying past my head. that's shingles. that shed behind me was obviously fully shingled. two hours ago i was on tv, it had a couple missing. it is all going to be gone before too long. you look at the ocean behind me, we're at dead low tide right now and i was 7 years old in the storm of '78 in boston. those waves out there are as harsh as any i saw when my dad took me down to the beach there and that's what's going

mandy, 60% margins. >> 60%! bob, stick around. stick around.ant to bring herb into the conversation. herb has been a pretty lousy year for ipos. what do you make of this? >> kind of interesting, makes me wonder what happened to that recent string of ipos where people said there were canceling for market conditions. we were talking about that company blythe which pulled a deal. dave and buster, they pulled a deal. what you want to know when they blame market conditions is -- what's the real reason? >> well, herb, that's a good point. first off, market conditions were a little tough sometimes for some of these firms. remember, facebook was a disaster for the ipo business so a lot of stuff kind of got pushed off here. but what they're looking for right now is anything that's got any kind of growth at all they'll pay up for in the low growth environment. at least with the real estate firm and a guy like shutterstock here, you got a little growth. >> indeed. meantime, herb, this is the story that you've been following. apollo. is this just good pr?

. >> live from the nasdaq market site i'm mandy drury, sitting in for melissa lee. these are the traders here in times square. call it a day of pain on the 25th anniversary of black monday earnings whacked stocks and another heavy week for earnings on tap. is the carnage just getting started? let's get in the monday aid and find out. the selling was broad based but particularly bad in tech and the high flyers. dan we're calling it a tech wreck this week. >> here is the thing. we started this week with this big rally. there was a lot of enthusiasm around financials earnings. as we broadened out and started seeing more out of tech, it got kicked off. intel and ibm. you saw the disappointing reaction. forget the results but the reaction kept going. it started to spread to small tech names or small cap names but really started to take hold in some of the high flyers. to me at this point you have apple computer who has so much gains in the stock. it is still up 50% on the year. it made a new closing low from august 2. there is a lot of performance in the stocks. i think

. >> the action is certainly in the energy markets today, mandy. we are looking at oil prices now near the lows of the session. this 3% to 4% slide that we have seen both in the wti oil market and brent crude market started overnight. there was a great deal of negative sentiment with the china pmi data, eurozone pmi data, concerns about weak demand. add to that the fact that the asian development bank talked about its gdp growth forecast for 2012-2013, reduced those forecasts. there is a great deal of concern about the demand picture. that weak demand is also being seen here in the u.s. with the data we got out of the energy department showing the gasoline demand is down about 2.5% versus where it was a year ago. we're seeing gasoline futures sharply lower. even natural gas which had been on a tear six straight sessions, a huge move up there for natural gas. natural gas is actually the biggest decliner that we have here in the energy complex. back to you. >> sharon, thank you. >>> let us stay on oil. oil is one of the few things in life that we lov

yeah, i went over and just told mandy my whole story.'s like, "i want you to leave!" >> jimmy: shut up, yeah. yeah, he's popping an ambien as i'm talking. [ light laughter ] how's the family? how are the kids? >> ah, so good. >> jimmy: they're so cute, yeah. are they getting along? >> yeah, they're good. my oldest one is 7 now. she's so sweet, and she's 7. like, she's a baby at the end of "30 rock," you know, in the thing, and now she's 7. and she's like -- her teeth are falling out and are coming in. like, looks like sloth from "the goonies." [ laughter ] it's so cute. and the baby -- her and the baby love each other. people always ask me, like, you know, "is she jealous of the baby?" and i think because they're far apart, they're not particularly jealous. or i did think she was not particularly jealous of the baby who's 1 now. but then, i realized, when i was pregnant, i did this thing where i was like, "oh, you know, you'll be involved. help make the baby's room and you can make a painting for the baby's room. you and pop-pop can make

she is a big one, mandy. impl >>> it's been a back-and-forth day for stocks as they try to avoid their fifth day of losses out of six. dow and s&p are also trying to avoid falling to fresh seven-week closing lows. earlier today the nasdaq briefly went positive for the week before beating a hasty retreat. those are the things we are watching in the markets. let's get back over to you, brian? >>> let us begin with that first perfect storm. technology. you got microsoft out with windows 8 today. and a new tablet. but you've also got apple and amazon set to report their numbers after the bell tonight. let us begin with microsoft. jon fortt spoke with steve ballmer earlier today. jon, we've got to stop meeting like this, buddy. what was your take on the tablet? >> i've had had a little bit more time to mess with it today and it's growing on me. microsoft has done a tough thing here. they had to have this new touch interface. the us face used to be called metro. marry that with the old desktop. so it's a little bit

hey, mandy, good morning. >> good morning. >> people have such interest.>> "consumer reports" spends $4 million on all these products, buying all these things. >> shipping them all. most come to our yonkers office. 500 labs there to test the items. these washers and dryers did really grooet great in our test. around $1,000. very large capacity. both of them. lots of different settings on the washer, and did a super job of cleaning clothes, which is what count. the dryer in particular did a great job. most of the dryers we test in fact do. but this is super kwai >> how do you decide what to put on the list in the first place? >> use items the way consumers use them. want to test things that are important to them and really put them through their paces so we do it exponentially. >> this is the kenmore intuition upright vacuum. what does that mean? >> $250. the upright as opposed to a canister and has no bags. easy to empty, and did a great job on bare floors and carpets but super great at picking up pet hair. pet owners, take note. >> large-screen tv. >> 55-

cnbc's mandy drury is here with what's moving your money.nal gdp report ahead of election day. >> that's right, chris, and the gpd rose better than the expects of 1.8, and an improvement from the 1.3% rise in q2, we'd like to see better than 2%, wouldn't we and it was helped along by a nice chunk of change from the federal government, lots of spending there particularly a big rise in defense spending. where else did we see pockets of strength? residential construction that's a good sign, right? housing recovery story, 14% rise of residential construction. the bottom line here, chris, we would like to see more savings and more investment in general to drive growth, not necessarily more borrowing and spending pushed by government monetary and fiscal policy. >> all right, mandy, we're inching closer to halloween, we were showing some jack-o'-lanterns earlier, but boxes of general mills monster cereals are flying off the shelves. >> booberry, count chocula, all the special careereals are big s this time of year, and just this month walmart says

back to you. >> mandy, thank you so much. mandy drewy with the latest on the markets. >>> for more we bring in keith springer of springer financial advisers and brian piscarowski and doug, thank you for joining us. how did the markets handle the first day back after that two-day shutdown from your standpoint? >> well we had a compressed three days into one, did a fine job. there wasn't much going on. i think investors are being neutral going into the election. we had a little bit of a pullback i feel because it's factoring in a romney victory, he said he would get rid of the stimulus, which would not be all the best news for this market, which i think is stimulus addicted. we got the fiscal cliff it's dealing with. for the most part it handled it really well. i'm expecting a good rally after the election after a tough october i would think we'll rally to new highs after the election, but with that earnings, investors have to be careful here and like what we're doing for our clients you need to pare back risk at that point, be

>> that's right, mandy. rosenstein is speaking, discussing agrium proposing the company spin off its retail unit saying it could add $50 to the value of the shares. we saw 3% pop on the stock initially and now we're seeing it is up by about 2.5%. keep in mind, you guys are going to be talking to rosenstein. he'll be on street signs at 2:50. make sure you stay tuned for that interview. >> thank you very much. >>> not stocks, not gold but another asset class some say may be forming a bubble and this one will surprise you. it is ahead. >>> and later on, amazon shares already having a great 2012. now the company's getting a brand-new shipment of good news. it's the giant thing behind jeff basos, called the kindle paper weight. that is not actual size but we're about to tell you why some experts say this is a clincher in the ereader battle. bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy...

"mandy lohmmn""...//you... could be....a... fox 45... fan of the day..../ day..../all ... you...ve to do... ...slash foxbaltimore../ click the "like"... - button..../we... day... every weekday... on... fox45 news at five. 3 the orioles fighh to stay alive in the aaerican league east race...bruce cunninggam has thht story next in sports. 3 an absooutely critical nighht yynkees wwn...that puts the &pbirds a full game behind with just tww to play... play... they knewwgoing in that this wassa tuff matchup foo them in the last three games...the simple fact of the matter is it's wwrse thaa you think...in 7 games at tropiccna field this season, they've scored exactly 2 per game...and of - accodring to tth man in control, there's a siiple rteason for hat... 3 how important are tonight's ggmes?the o's ttail by one with just two to play..if they lose tonight andthe yankees win, the race is over...it's jjst that imple...and that brings us to the willcard..the o's and a's are dead even hhaaing into tonight..remember, team hosts the playoff...or play in game on friday... buckle your seat belt

cnbc's mandy drury is at the new york stock exchange. good morning to you, mandy. >> good morning to you as well, natalie. today we're watching the private sector jobs report for some clues as to what kind of report we're going to get on friday when the big government payrolls report comes out. at this stage economists are expecting 153,000 jobs were created in the month of september, and apple shares are in focus once again as there are some reports out that asian component suppliers of apple have begun mass production of a smaller tablet computer that apparently is smaller than the current ipad. we're all waiting for that as well. back to you. >> wonderful to be in time for the holidays. mandy drury, thanks so much. >>> the self-proclaimed world's best dad is at it again. davengedow and his 20-month-old daughter have become famous online that show sarcastically why dave's the greatest dad. after their appearance on her show last week where alice bee got a little rowdy with the new found stardom and dave struck again with this picture.

but overall, mandy, citigroup has been a dog for the past few years. let's look at comparison with citigroup and some of its competitors. pandit took over on december 11th, 2007 and to be fair, he inherited a company with a lot of problems. this very busy chart is five years old. goes all the way back. and the only line you need to look at is the blue line at the bottom. that is citigroup. in five years, the stock is down 92%. only bank of america has been nearly as bad. jpmorgan clearly the outperformer. but a little different on a one year chart. citi hasn't quite looked as awful. citi in fact actually one of the better performers over the past 12 months. second only to bank of america. the question is, guys, five years of pain, one year things looked like they were turning around. so why is pandit out now? maria bartiromo spoke with him just a short timing ae ago. we have jim cramer with us. bob, a lot of chatter down there. why now? >> we don't know, but let's fit the facts with the plus aable theory. the facts are he left suddenly after earnings.a

cnbc's mandy drury is there. mandy, good morning. >> reporter: thanks for that. the lights are own and traders have returned to business. hopefully things returning to normal. mayor bloomberg is ringing the opening bell after two days of being in the dark. we've not seen close here in the markets in the united states for 1888 for two days due to a weather-related event. things that we're look for, stocks impacted negatively by hurricane sandy, hotels, retailers, home improvement stores such as home depot and there's many highways shut down and lots and lots of flights have also been cancelled. back to you. >> all right, mandy. thank you very much. the teen who allegedly confessed to killing 10-year-old colorado schoolgirl jessica ridgeway has been charged as an adult with 17 counts, including four murder charges. prosecutors also say 17-yeaold austin sigg sexually assaulted jessica. if convicted as an adult, he faces life in prison. his defense team is still trying to send the case to juvenile court. >>> well, nassau has compiled a first ever list of minerals fou

cn cnbc's mandy drury is here with what's moving your money and there is a new careerbuilder survey.results are quite good, chris. the survey says this hol say shopping season is shaping up for one that holds significant opportunities that we've seen in recent years. this year 36% of retailers indicated they plan to hire extra help for the holidays and that's a strong jump from 29% last year and also a 62% indicated they expected to pay at least $10 per hour and that is up from 53% last year and 22% indicated they would pay at least $16, and that is a big improvement. respondents also indicated some of the new hires will be offered full time, permanent positions and that, of course, is the holy grail, right? that's a gain of nine percentage point from 2011. >> and speaking of shopping, there is a startling analysis on the impact of jc penney, they tried to change their pricing strategy. >> yea. what they're doing now and while they're being careful not to use their coupon, the $10 gift showed that jc penney is giving customers finally what they like and that is a deal because as you

cnbc's mandy drury is here with what's moving your money. straight days. >> not a moment too soon. for a while they were sticky at the top for longer than expected because we had a series of refinery and pipeline issues. now the national average retail price is 3.72 per gallon down for ten straight days. analysts predict that drops between 5 to 15 cents per week for the next three weeks. all part of the annual seasonal slide as they switch to a cheaper fuel blend and people aren't driving as much as they do during the summer. let's hope they keep on declining. >> cheaper to drive to grandma's house for thanksgiving but it will cost more for the turkey. >> it is going to cost more for the turkey because turkey prices are up 20% this year. dairy products by the way are up 10% and vegetables are up about 2%. everything is going to cost you more for the festivities. as for price of apples, they have increased the most. up about 30% due to bad weather that's hurting the crops. there's also the possibility it could get worse in the inflation stake

mandy is here to explain in what's moving your morning.sy is a good way to put it. if you are in that phase of life with the little one, you might be thinking of stocking up now before we face a possible shortage in diapers -- at a japanese chemical plant that produces a fifth of the global supply of the polymers in very popular diapers like in huggies. operation of the factory is suspended. so don't panic just yet. >> all right. you were on a very different topic one of a massive number of moviegoers that went to see the new animated family film "hotel transylvan transylvania" this weekend. >> i have to say my kids loved it. i loved it. they had a $43 million opening. that is the highest of september of all time. sony pictures animation says it will yaelss break the $100 million mark if it goes at the same pace. as for number two, it was "looper" just over $21 million. number three was "end of watch." then "trouble with the curve." and number five, "house at the end of the street." if you haven't seen "hotel transylvan transylvan transylv

then, we replacement correspondents-- myself, pacino, glenn close and, as always, the incomparable mandy pa tin kin as aasif mandvi-- will attempt to hold down the fort. (cheers and applause). >> jon: if i may, if i may, i believe i've detected a bit of a rub in the strike strategy. you're better than them. (laughter) you are an infinitely superior substitute. you look better; you sound better. i know this is remote. i'm pretty sure you smell better as well. (laughter) >> yes, i smell pretty great. (laughter) >> jon: may i? is it a hint of lavender with a grace note of cedar and perhaps a a bit of ocean sand? is that what it smells like? >> it's axe body spray. (laughter). >> jon: well, this correspondent strike may go down as the least effective action in history. if you are an option, i'm firing all these guys right away. >> whoa, whoa, whoa! (cheers and applause) strike over. strike over. good news, everyone, we've reached a settlement. >> jon: no settlement. you don't work here anymore, oliver, as far as i'm concerned i traded up my '83 toyota for a maserati. >> what are you talking

>> well, a lot, mandy. the flippers are back but they are a new breed. why? prices are not rising today the way they were seven years ago. flippers must add value to the home to make profit. secondly, many flippers today are selling to other investors who want turn-key rentals. take a look. close to 100,000 properties were flipped in the first six months of this year, that according to realty track, which defines flipping as a home bought an sold within six months. as you said, that's a 25% jump from a year ago. average flip time -- just 106 days. flippers are grossing an average $29,000 per property. but remember, that's before rehab and carrying costs which is very important. where's the action? yuma, arizona takes the lead in flips. but san francisco and miami are back, and atlanta where dispressed supply is huge. phoenix though flipping is down because investors have picked it clean and flipping down in new jersey because prices are still falling dramatically due to huge foreclosure backlogs. 63% of homes flipped are between 1,000 and 2,000 square feet. 1

mandy drury is here to tell us. >>> it is the big fed decision today at 2:58 eastern.ll have preand post-announcement analysis. >>> doesn't even matter who's in the white house. wouldn't believe who's saying it is a win-win either way for your money. >>> get ready, folks. it is time for another "herb told us so." we'll look at two stocks getting crushed. herb is doing his victory lap and whether or not there is any relief in sight for these two stocks. >>> lots coming up for the big fed day special. >> thank you, mandy. see you at 2:00 p.m. eastern. >>> last month you may recall officials in the pentagon accused the iranian government of being behind a series of web attacks on u.s. banks. well, today the new york "times" reported that iranian hackers were able to break in to the saudi oil giant's computer system earlier this year wiping out almost three-quarters of the data on their servers. today we have the man that many say invented internet security. he's the ceo of checkpoint. welcome, gill. nice to have you here. is there thank you very much. good afternoon. >> w

mandy drury, thank you. we'll be right back. ne.amy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that was me... the day i learned i had to start insulin for my type 2 diabetes. me... thinking my only option was the vial and syringe dad used. and me... discovering once-daily levemir® flexpen. flexpen® is prefilled. doesn't need refrigeration for up to 42 days. no drawing from a vial. dial the exact dose. inject by pushing a button. flexpen® is insulin delivery... my way. levemir® (insulin detemir [rdna origin] injection) is a long-acting insulin used to control high blood sugar in adults and children with diabetes and is not recommended to treat diabetic ketoacidosis. do not use levemir® if you are allergic to any of its ingredients. the most common side effect is low blood sugar, which may cause symptoms such as sweating, shakiness, confusion, and headache. severe low blood sugar can be serious and life threatening. ask your healthcare provider

chhleta from baltimore baltimore mandy - "we just moved and ourrcat keeps goiig next to her litter boxn ii. any suggestions? bought her a new one and still no luck." luckk" 3 coming up... heaathhofficials knock down connerrs... over the now saying... it's commletely - safe.and what age girls aae watching fox 45 good day 3 health officials have announced there arr no serious health concernsslinked with tte hpv vaccine gardasil.tim doran the chairman of pediatrics ffr g-b-m-c joins what is hpv? - why is t important for young ccildren to get the shouldn't we get the vaccine? for more to fox baltimore dot com slaah &pmorning. cominn up... a dark and gloooy day out there today.sttve let's uu how long this type of weether will stick around... nexx.you're watchinn foxx45 good day baltimore. when we switched to fios, we got better tv better phone, better internet. it was like somebody like took our computer, shook all the junk out of it. we're actually getting more for our money with fios. [ male announcer ] it's time to get more for your money. upgrade to verizon fios internet, tv and phone w

mandy drury, thank you so much. >> have a good weekend. >> you have a great weekend. >>> to politicshere president obama is defending big bird on the campaign trail. >> but i just want to make sure i got this straight, he'll get rid of regulations on wall street, but he's going to crack down on sesame street. thank goodness somebody is finally cracking down on big bird. who knew that he was responsible for all these deficits. >> sesame street taking center stage after romney said he'd cut subsidies for pbs do urg that debate. pbs released a statement saying, quote, governor romney does not understand the value the american people place on public broadcasting. paul ryan is getting outraged by the man who wants his seat in congress. ron zer bin raised $770,000 in the third quarter. to be fair, ryan stopped fund-raising when he accepted the nomination for vice president. he is still on the ballot and has 4 million bucks in the bank. >>> and who would play the president in a movie. michelle obama told the website pop sugar either denzel washington or will smith, and then she joked, will

mandy drury is here with what's moving your money.ig question a lot of people want to know, is it possible we've actually seen the worst of the foreclosure crisis? >> we sure hope so, chris. foreclosure filings on u.s. homes for the month of september fell to their lowest in five years as you mentioned. some states are seeing their foreclosures rise, but we're talking about the overall decrease here which puts the combined number of, for example, reports of default notices, scheduled auctions, bank repossessions, all those things at the lowest total since july 2007. it's also 7% less than august's rate and down 16% from september 2011. all that together means realty trac at least says we are past the worst of the foreclosure crisis. before we get excited, though, one caveat. and that is it is taking longer to foreclose. the process is getting longer. which automatically reduces the foreclosure numbers. so where he have to be careful with this one. >> mandy drury, thank you. >>> employees sometimes really do say the darnedest things. c

>> no, we really haven't, mandy.here is devices can you put on the pumps to make it almost impossible to jam them. we saw a similar run-up in california. the reality is, in california, you have to sell carved gasoline. that's a gasoline that has a different spec than any other gas in the country. when they have a problem, there's only four refineries in california. when there is a problem with one refinery, they can't bring product in from arizona or from nevada or oregon or wherever. it is a little island out there by itself so the prices literally ran up $1.50. refinery's come back up, i think you'll see prices start to come down fairly quickly in california. >> you guaranteeing victory against the bengals this weekend? >> we need a victory badly. we'll take a one-point win. we obviously spent our first round draft pick, he's a great guy working hard, he's learning. by like all rookie quarterbacks he's got a ways to go. hopefully he'll have a big game on sunday. >> you already sound like an nfl owner, jimmy. >> you

. >> i have to say with "apollo," sorry, mandy, it is coming back down to earth.nrollment also coming back down. it was down almost 14%. >> the stock is at 11-year lows. >> we always wonder is this the mystery short from bill ackerman. remember what's on "squawk box" a couple weeks ago? there is a lot of speculation. you hear some of these for-profit education names come up. you're shaking your head, sir. >> my hunch is no. i haven't talked to bill in a long, long time. >> fair enough. by the way, we love your stuff. bet reporter in t best reporter in the business. but you got bring some bad puns on this show next time. >> not touching it. >> we're also just hearing lance armstrong is being dropped from bud as well. a moment ago we were doing our segment he had been dropped by nike, dropped by radio shack as well and now bud apparently -- >> i didn't even know he was sponsored by budweiser. did you, herb? >> no. >> let's bring in seema mody. she's got some news on why vitamin stocks are higher today. >> interesting study which came out today from the american asso

cnbc's mandy drury is here with what's moving your money.e the results of this new holiday shopping survey? >> you know, overall spending is likely to remain very cautious this holiday season with the average holiday shopper spending $749 on gifts, decor, greeting cards, and various things you would normally buy around this time of year. really, that's only up very slightly, 1% to be exact, from the $740 they spent last year. that's according to the national retail federation. as you can imagine, everyone is still looking for a bargain. by the way, those bargains have already started far ahead of black friday. retailers have also conditioned us to expect great deals on products during this holiday season. you know what? we've also been honing our skills over the past four years during economically bumpy times to stretch our dollars. and who doesn't like a promotion? plenty out there. >> another interesting finding from this study, and i don't know why i didn't think of this before, buy yourself a present. >> one for you, two for me. six in t