. >>> and more on the wave that is keeping the possibles up and running, mary thompson looks at where the jobs are next. >>> more recalls yet again for general motors, this time involving over half a million cars and sport utility vehicles, the latest recalls are for cadillac and saab suvs to fix a rear suspension problem that could cause drifting at high speeds, and for chevy, to secure the hood from opening while the car is moving. gm told the dealers to stop telling the chevy colorado and pickups over the recall of a potential air bag problem. >>> hundreds of thousands of americans got jobs in september as we have been reporting tonight. but the medical industry is in desperate need to hire skilled workers, especially medical c y coders, in our ongoing series where the jobs are, mary thompson takes us to springfield, missouri. >> reporter: behind the health care industry's front lines, a growing need for workers who help to keep the money flowing in. >> right now there is a dramatic shortage of skilled workers in the market. >> reporter: the skilled workers are medical coders, they

mary thompson has more from federal claims court in washington. mary, what happened in court today? >> reporter: well, you know, it was interesting to watch ben bernanke's testimony today, tyler, because he appeared vaguely annoyed and slightly combative when he took the witness stand. he replied to the questions with curt answers like yes, sir, and i don't recall. but he did defend the government's actions with the aig bailout saying the tough terms of the package were needed to a, to compensate packages for the risks they were taking and to minimize any windfalls that shareholders may have received. ben bernanke was on the stand for about two and a half hours and returned to the claims court for more testimony. susie. >> and he spent a lot of time grilling ben bernanke on the equity portion of the bailout, tell us what that was all about? >> reporter: well, this is key to the shareholder's lawsuit. they say their fifth amendment rights were violated when the government didn't adequately compensate them for what became a 92% stake in aig that the government took. so he was repeated

i'm mary thompson, nightly business report. >>> for some it's looking like an early black friday. amazon is moving up the free shipping cost for the entire month, offering two new shopping deals every day starting november 22nd. walmart plans on discontinuing prices on 2700 items as well as shipping on its top 127. let's remember that tonight is halloween. but this holiday isn't just about candles and skumz anymore. some people are spending big money to make their homes look positively spooky for the big night. >> reporter: halloween has become big business, especially among wealthy homeowners looking to outscare and outspend their neighbor. the total spending on halloween this year expected to top $7 billion, most of it in costumes and candy. but home decorating has become one of the fastest growing segments. and we're not talking scarecrows and a few pumpkins on the porch. today's mansion owners are hiring professional companies, bringing in stage lighting, actors, broadway sets and sound systems. the ceo and founder of cliffhanger productions in new jersey is one of the top hal

mary thompson joins us with more on the dressing down of the banks by bill dudley. who was there and what was he going after? >> there were about 80 people in attendance, including names like morgan stanley, j.p. morgan and aig. basically the firms were told by dudley the head of the federal reserve and fed governor daniel torillo, the companies better clean up their acts because they're sick about acts such as with j.p. morgan. they don't want to hear about bad business practices at all. they want them to fix what the federal regulators have been trying to fix for a while. >> you say break up what? >> break up the mess, dudley questioned whether these firms were too big to handle, citing big losses at places like aig. torillo said if they fail to police themselves better, they would have no choice but to impose more punishment on the fi firms. t the fed federal regulators banks should do to police better? >> they did have a couple of suggestions, some of it centered on compensation, a deferred compensation up to ten years, pay bonuses in debt equity, and self-repor

for "nightly business report" i'm mary thompson. >>> amgen beats its forecast. thanks to high demand for its white blood cell drug and increased sales of its newer treatment following the report the company raised its full year forecast. shares were volatile in after hours trading. the stock was up $48.20. the pharmaceuticalmaker says botox moves allergan. it has brushed off attempts by valiant. this new bid game as allergan posted results that topped analysts expectations. shares of novavax surged today on news that trials for its ebola vaccine are advancing. the drug developer is already doing a nonhuman study of the vaccine and the ceo says testing will progress rapidly. >> we expect to be able to make doses in the tens of thousands in this clinical trial by december and by the end of the first quarter we'll be able to manufacture at our by o tech company be able to manufacture in the millions of doses per month. >> the stock popped 13% on that news to $5.80. a setback for another company. the food and drug administration is asking for information on the biot

for "nightly business report," i'm mary thompson. >>> a big story that broke last week is still a big topic of discussion on wall street, the resignation of bill gross from pimco, the massive asset management firm he helped to create, well, today the new ceo and dan iverson spoke with the growth and how the firm will carry on without him. >> bill gross resigned last week, we had in place a succession plan that had been in process all during the course of this year. bill was going to leave eventually, we all knew that, whether it was friday or next year, we put our plan in place and moved forward. >> bill gross was a brilliant investor. we moved forward in terms of a manager. we as a team will move forward with a model based more on teamwork. >> despite reports of billions from out-flows from pimco in the wake of bill gross's decision on friday, the vast majority of clients will stay with the firm. >> on wall street, stocks were up and down before ending the day and the monday of september to the down side, but the major averages did wrap up the third quarter with gains, the dow fell 2

in washington, d.c., i'm mary thompson, for "nightly business report." >>> walmart will soon be helping customers choose a health insurance plan. the world's biggest retailer is teaming up with directhealth.com to put agents inside walmart stores to help shoppers compare various private insurance plans as well as medicare and medicaid. the goal is to help them pick one that best suits their needs and their budget. >>> we begin tonight's market focus with an update on the ebola crisis. the food and drug administration has now authorized an experimental drug made by a company called chimerix for use as an emergency treatment against the virus. that drug is being used to street thomas duncan, the man hospitalized in dallas with ebola. shares of chimerix continue to rise throughout the day as word got out about this. it finished up about 4 1/2% at $41.47. h & r block's plans to sell its banking business have been delayed sending those shares lower. the tax preparer says regulatory approval to sell its banking unit to b of i federal bank is not going to go through this year. that means h & r

mary thompson joins us from outside the federal claims court in washington, d.c., with more. mary, tell us what happened today. >> reporter: well, geithner was on the stand for six hours during which he acknowledged he was the one who decided on those high interest growths that were charged to aig as part of the $182 billion bailout of the insurance giant. geithner did prove to be a tough witness, though. his answers to most of the questions that were posed by the lead-'s attorney, david boies, i don't know, i don't recall, i don't recall precisely. it was a long day of questioning. now, boies is trying to prove that aig shareholders were treated unfairly because of very high rates they had to pay on loans. rates were far higher than other troubled financial firms during the crisis. the suit also acknowledging that the government -- or charging that the government unfairly compensated aig shareholders for the 92% stake the government eventually took in the insurance company. >> mary, did geithner say anything about whether he made any attempt to find a private solution instead

. >> let's get back to mary thompson at headquarters, mary? >> the i have is a conference call saying their near-term outlook remains cautious on the economy. they're announcing a buy back to go with a 20% increase in their dividend. that happened early ther week. they reported earnings of 2.18 a share. they did not include a legal reserve. earnings were slightly better than expected. payments up 11% in the fourth quarter. a constant dollar basis, and servicing data, processing, and international increasing in the final quarter of the fiscal year. they also provided guidance for 2014. analysts are looking for 10%, that's a little better than expected. they're in line with analyst estimates of 15%. melissa, back to you. >> investors like it. >> mary thompson, up 4%. >> this one just has a big run, they gave low double digits. it's not a cheap stock here. this is not one as a trade i would be chasing. as an investment, if you believe a pick up in the u.s. economy and you believe in the u.s. consumer, the stock was below 200 a week ago. you want

i am mary thompson with breaking news concerning insurance industry and ebola. ace announces restrictions on business liability insurance. according to the headlines the company will apply this to new and renewable policies and the restrictions could apply to firms with employers or employees traveling to certain african countries among those expected to be impacted by this energies and commodity firms, religious groups, as well. business liability insurance would protect a company in the event one of their employees contracted ebola on the job. it appears that ace is putting ebola related restrictions around these new and renewable policies. >> mary thompson thank you for that breaking news. >>> before we get to "street talk" i want to bring up a chart of what the nasdaq is doing. best day of 2014, gain of 93 points. there is one particular stock after its earnings that is helping this index which is apple giving outsized gains to the nasdaq. we had texas instruments helping the tech sentiment. let's do "street talk" hitting five analyst calls on stocks you nee

mary thompson knows. she is in springfield, missouri. >> i am in the show me state to show our viewers the jobs are in health care. i will have that story coming up after the break. take a closer look at your fidelity green line and you'll see just how much it has to offer, especially if you're thinking of moving an old 401(k) to a fidelity ira. it gives you a wide range of investment options... and the free help you need to make sure your investments fit your goals -- and what you're really investing for. tap into the full power of your fidelity green line. call today and we'll make it easy to move that old 401(k) to a fidelity rollover ira. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got me to 70 years old. i'm going to have to rethink this thing. it's hard to imagine how much we'll need for a retirement that could last 30 years or more. so maybe we nee

mary thompson is back at hq with more. >> hey there, john.his story got buzz in the twitter verse with apple pay advocates saying they're taking their business to apple pay. cvs didn't reply to e-mails asking why they disabled the nfc systems that process apple pay. rite aid acknowledged it's not accepting apple pay. what's important to think about retailers may not be taking a swipe at apple pay but apple pay partners. rite aid and cvs were not among the retailers that partnered with apple pay originally though their point of sale systems would allow clients to use it. what both drug store chains are a part of is a group of retailers called the merchant customer exchange building its own app linked to client's prepaid card or bank account. this means payments will go right from the customer to the merchant and merchant won't be paying fees to credit and debit card processors, visa, mastercard and american express. for years retailers have complained about the fees some taking the processors to court. the processors have been working to impro

mary thompson joining us now, i know you were looking at all of this stuff, what are the takeaways? >> the first one is that visa continues to be investors' friends, the stock buy back comes on the heels of the interest dividend announced this week. the company performs well despite head winds, those being low volatility in currencies, the threat of ebola. and they mentioned threats about modest economic growth. what you want to see is increasing the cost board volume, it is challenging becaus of the currency volatility and secondly what it is doing with the digital platform. because these payments are only 9% of its business now but it is a quick growing business, apple pay say the early results from this so far are encouraging, but that is not all they're planning. >> that follows up with what tim cook from apple said earlier the other day. >>> well points has more people signed up for its insurance, helping post strong earnings that is where we begin tonight's market focus. the company reported higher than expected profit as the medical costs stayed low. well point also hiked the

we have mary thompson live in d.c. with the latest 0 than that testimony.m geithner walking in. what is the status of his testimony? >> he's been on the stand just about an hour or so. it has been technical, very detailed. the plaintiffs' attorney walking through geithner a number of the credit facilities that the government set up for companies during the financial crisis, asking what the interest rates were on these facilities and what kind of collateral the companies that borrowed from them had to put up. geithner responding to many of these questions, i don't recall precisely. he is trying to get to the request why they charged aig so much more when they lent aig money and why it required a big equity stake in the company as part of the collateral. geithner arrived earlier at 9:00 a.m. this morning. he didn't say a word to the camera crews waiting outside the court. former treasury secretary was the head of the federal reserve bank of new york during the financial crisis. now, his testimony is said to be much longer than his predecessor hank paulson who

our mary thompson is in washington with the details and we'll discuss if the government could lose this cnbc covered the business leers of 25 years and setting our sights on the next 25 and calls it the next list and i'll be joined by a pioneer in the business of genetic information with her company 23 and me. will the government allow it? that's the big issue. stick around for more. and a gentle wavelike motion... aahhh- ahhhhhh. liberate your spine, ahhh-ahhhhhh aflac! and reach, toes blossoming... not that great at yoga. yeah, but when i slipped a disk he paid my claim in just four days. ahh! four days? yep. find out how fast aflac can pay you, at aflac.com. my golden years will not just be gold plated. i had 3 different 401(k)s. e*trade offers rollover options and a retirement planning calculator. now i know "when" i'm going to retire. not "if." so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals gre

our mary thompson is live at the courthouses in washington with the latest. ning, mary. >> reporter: hey there, sarah. and hour into questioning on this second day for former head of the new york federal reserve, tim geithner. it's clear where the plaintiff's lead attorney is going. in the last hour, he has questioned geithner about the doomsday binder he allegedly carried around the new york fed during the financial crisis, a binder that allegedly contained legal documents outlining what the federal reserve or government could do in times of exceptional circumstances such as the financial crisis. he also asked geithner about what with the government's role was at aig once it took an 80% stake in the insurance giant. and geithner replied, it was basically monitoring the company. but he's pushing back, questioning geithner has to whether he had any input into deciding who might be a board member of aig and whether he had any input about compensation, he or other government officials. now, keep in mind at the heart of this trial is whether or not the shareholder

over to mary thompson with breaking news on apple. >> apple saying it is aware of intermittent organizedwork attacks on users trying to sign into i cloud.com. apple says servers right now have not been compromised. the company saying that it is aware of intermittent attacks on users who are trying to sign in. additionally apple's statement makes no mention on china, some earlier reports said maybe the attacks were coming from china but the apple statement does not indicate that. >>> and so far it is not impacting the stock because it is still up 2.5%. with the dow up 185 points on the trading session the stock market is rallying despite disappointing earnings from the likes of mcdonald's and coca-cola. the dow seeing the triple digit gain while coca-cola having the biggest one day decline. is there a fundamental shift in consumer behavior? joining us now is david mcewen of american century investments and jack is back with us, executive vice president. thank you both for joining us. i appreciate it. >> david, let me start with you. will this be a drag on the big caps overall or is it sim

real sense here, mary thompson did a great story earlier today, you have a lot of people out there who nfc,field communication systems. most people still use visa and mastercard and traditional payments. >> there is an interesting article in forbes, follow the money, perhaps wal-mart put the pressure on cvs and rite aid to not use apple pay. they have their own consortium led proprietary. i feel maybe i'll have apple pay. we can live with more than one. >> i gather am i mistaken, they may be a part of that one store? >> they are. >> to develop their own system? >> so is target. target show the accepting apple pay. >> the owner of the phoenix sundays called out the owner of san antonio spurs for sending a skeleton team to a pre-season matchup. they want to rest their key players until the regular season. given how expensive tickets are, should sports teams bundle pre-season games into their ticket plans? viewers have vote and vote now. jane, what down here? >> the nfl teams do it. >> instead of doing that, get rid of pre-season? can we agree, it's a waste of time t. fact that they need

mary thompson joins us with more on the people filling the roles from springfield, missouri. >> reporterindustry experts say a 20% to 30% shortage of medical coders expected to increase to 50% next year. if you have a thing for medicine and want to work in casual attire this might be the job for you. you need to have an analytical mind and need to be comfortable with and curious about medical terminology. this is what a coder does. they translate a patient's records, diagnosis and treatments into codes used by insurance companies to pay health care providers. you need to be accredited which means taking 700 to 1,000 hours of course work in areas including physiology and pharmacology. once accredited you can work at your own pace from your own home. >> i get up, i get my kids off to school and i grab a cup of coffee and sit at my desk in my pajamas and code from home all day. >> reporter: jill tracy is transitioning to be a coder after 13 years as a radiation technologiest. he sees greater career upside planning to become a trainer eventually for her current employer trust hcs. trust hcs

for that and the rest of your news before the bell, we turn to mary thompson live this morning at cnbc's world headquarters. good morning, mary. >> reporter: good morning to you, sam. looking ahead to this morning on wall street, right now it looks like we are set for a higher open. of course, things can change in the next hour and fifteen minutes. that's probably good news for investors. another wild day for the markets thursday. stocks dropped sharply at the opening before staging a comeback. the dow tumbling over 200 points, but did recover to close with just a 24-point loss at 16,117. the nasdaq ended with a two-point gain 2, 417. traders and comments from the federal reserve official who said they could buy treasury bonds to boost the economy, in part because of the market turmoil. the bank had been set to end that bond-buying program this month. >>> today, data on housing and consumer and earlier this morning, general electric and morgan stanley both reported stronger than expected earnings and that's giving a lift to the futures markets this morning. also, fed chair janet yellen s

and more breaking news and for that mary thompson at hq. >> this concerns currency.s been in the news because it is this rival mobile payment application developed by a group of retailers, including walmart, cvs and rite aid in the news earlier this week because rite aid and cvs declined to accept apple pay. current c says it's been hacked in the last 68 hours. emails and dummy accounts have been accessed. it continues to investigate this. but keep in mind this is a pilot program so these are dummy consults not real accounts. but again current c which is this rival app that's been set up my merchant who is don't want to take apple pay because they don't want to pay the credit card processing fees. >> not exactly encourages for folks who want to take our money. october was clearly a month for stock market sentiment. not least travel and leisure stocks. simon hobbs is joined exclusively by arnie sorenson, president and ceo of marriott international. >> welcome back to the program. your reported results. we'll talk about that in a moment. fascinating to see what you did

joining me now mary thompson and mike murphy.et's take a look at the score card with 6% of the s&p 500 reporting. 9% have met estimates. 28% have come below forecasts. after the bell this could be a huge mover. on friday that was the microchip massacre essentially. the semi conductor index lost most market cap in a single day since the bursting of the tech bubble in 2000. the focus is going to be in mobile. are they still going to continue providing incentives for hardware makers to take chips and tablets? that caused a loss in the previous quarter. so i'm just curious. how are you trading? in a market like this is this just a name taken down as well? >> i think the key for intel will be if they can offset microchip news. it is strading 10% off recent high. i think if they have positives to say which will include pc demand that was a terrible thing to be in a few quarters ago. if intel can come out and refute claims from microchip's ceo i think the stock has a lot of upside. >> you are looking at csx. canadian pacific, impact of

. >>> i'm mary thompson with your cnbc market rap, stocks rally on earnings.he dow climbing 187 points, the s&p 500 gains 23, the nasdaq at 78. consumer confidence sored this month. rose to a seven-year high, thanks in part to falling gasoline prices. after the closing bell, facebook reported earnings, ad revenue jumping nearly 60% from a year ago. that's it from cnbc, first in business, worldwide. synchrony financial partners with over two hundred thousand businesses, from fashion retailers to healthcare providers, from jewelers to sporting good stores, to help their customers get what they want and need. banking. loyalty. analytics. synchrony financial. engage with us. for medicare. the annual enrollment period is now open. now is the time to find the coverage that's right for you ...at the right price. the way to do that is to explore your options. you can spend hours doing that yourself ... or you can call healthmarkets ... and let us do the legwork for you - with no cost or obligation. we'll search a variety of plans from nationally recognized companies t

joining me now is cnbc's mary thompson. this news is just one reason for the drop, we understand. walk us through what else is at play, mary. >> there are a lot of factors, more than 400 point drop we're seeing in the dow jones industrial average. trading below, 441 points. let's start with europe. there's been a selloff over there, there are a lot of concerns about the very slow and slowing growth in europe, concerns about deflation. then here in the u.s. you had weak economic data today. retail sales for the month of september were disappointing. the ppi numbers, the wholesale price numbers were weak, as well. that raised concerns about deflation here in the u.s. certainly a smaller concern than others, but that is also at play. add to that, of course, is that you do have these concerns about ebola. and that in particular is hitting the transportation sector today. airline stocks in general down about 4% across the board. keep in mind frontier, which is the airline that the second health care worker took to fly to and fro

mary thompson covering that for us today. when we come back a slam dunk for the nba.ook at the league's mega tv deals and the focus on mobile and what it's going to do to the salary cap, that in a moment. we'll be back. dow has gone negative down 23 points. where the reward was that what if tnew car smelledit card and the freedom of the open road? a card that gave you that "i'm 16 and just got my first car" feeling. presenting the buypower card from capital one. redeem earnings toward part or even all of a new chevrolet, buick, gmc or cadillac - with no limits. so every time you use it, you're not just shopping for goods. you're shopping for something great. learn more at buypowercard.com so i can reach ally bank 24/7, but there are24/7branches? it's just i'm a little reluctant to try new things. what's wrong with trying new things? feel that in your muscles? yeah... i do... try a new way to bank, where no branches equals great rates. >>> coming up at the top of the hour, halftime is live today from liberty national golf club in jersey city for the harlem rbi celebrit

mary thompson with detail on this one. >> kelly, we have better than expected earnings from american express of $1.40. analysts were looking for $1.36. revenue is a little lighter. estimates for $8.35 billion. just quick headlines. we're going to read through there and come back with you with more card member spending was 9% in the quarter. pretty healthy number. loan balances increased by 5%. again, we'll read through the release and have more in a moment. but on the bottom line, american express beating by four cents with $1.40 a share. back to you. >> mary, thanks very much. >> dr. j, as you take a look at the netflix numbers, the fact this is one of the high momentum names that has remained up there, people have continually bit that stock up for the most part despite some pull backs here and. there nobody i don't think or very few people were counting on a miss in subscribers domestically or internationally. >> and it's a one-two punch, too. you're getting the news that we just heard about the hbo and the competition there as a one off. as online competitor. and you're getting th

we sent mary thompson to find businesses that are hiring. she's at the cancer center in springfield, missouri. tell us where the jobs are. >> well, steve, in the medical or health care industry, there is a shortage of back office workers known as medical coders. the need for medical coders is expected to increase dramatically over the next year because of new federal mandates. so that has companies like trust hcs which contracts out to hospitals, it has it on a hiring spree. here's the company's president. >> over the course of the next 12 to 18 months we'll add to our staff. we're seeking skilled, qualified coders and clinical documentation specialists. >> a medical coder requires 700 hours of course work in areas like physiology and pharmacology. they assign codes to doctors' diagnoses. and determine how much to pay a hospital or a doctor. a new coding standard increases the number of codes over 140,000 from the 17,000-plus that are presently used. so productivity is to be cut in after as a result meaning hospitals will have to hire more c