mary thompson reports from woodbridge, new jersey. >> more than 2 million cars a day traveled in new jersey turnpike and garden state parkway, where accidents and weather often disrupt commutes. commutes the state wants to disrupt and speed up with the help of technology. >> we're trying to improve our visibility of the roadway, and we're improving that visibility for traffic management professionals. >> the chief information officer of the new jersey turnpike, at its traffic management and technology center in woodbridge, a massive video screen reflects information, sent from the centers embedded along the road's 2,600 lane miles, and views from cameras perched along the way. >> the more data that we can bring into there center, and then analyze, the more pertinent information we can give to our professionals who know the roadway, that then inform all of our motorists. >> with americans spending an average of 40 hours for a work week's worth of time stuck in traffic, new jersey looks to ease commutes, sending information to dynamic signs, warning drivers of accidents and slowdowns,

mary thompson traveled to companies who are looking for these new types of workers and she'll tell us where the jobs are and what skills are needed. >> reporter: a painter since childhood, 29-year-old mariah walton said her art makes her good at her job. >> i have a mental image of everything in my brain, and i feel like i've actually been a really good strength in joining them. >> reporter: always an artist, once a meteorologist, walton is now a data scientist at the networking site linked's in. her job is to sift through the files generated by clicks on linkedin's website. it's helping the firm serve its clients and advertisers better. but it's not just like big data, all industries do it these days. putting a premium on workers like walton. >> data field is actually very sexy, and it's a hot demand. it's super hard to find right talent and the right people. >> reporter: that demand leading the consulting firm mckenzie to a find a shortage. >> we saw the potential gap of 140 to 190,000 positions in the united states alone. >> reporter: linkedin's head of data recruiting will hire ov

for "nightly business report," mary thompson in washington, d.c. >> the main event of the pope's visit, arguably so i suppose, takes place on sunday in philadelphia when 2 million people are expected to attend an outdoor mass. and some companies have spent a lot of money to prepare for it, especially telecom firms. at&t spent about $25 million saying that's more than what it typically spends on other big events, including the super bowl. and verizon wireless says it spent roughly 24 million. the money was used to beef up the capacity of their wireless systems to make sure all those selfies, tweets and shares get sent quickly and without interruption. >>> that weak data out of china we mentioned a few moments ago, along with a decline in domestic oil prices, weighed on stocks today. the dow and s&p posted a loss for the fourth time in five sessions. by the close the dow jones industrial average fell 50 points to 16,279. the nasdaq was about 4 points lower. so was the s&p 500. and domestic crude fell 4% to settle below $45 a barrel. >>> factory activity in the united states remains stuck

mary thompson is in the capital reporting on the pontiff's visit for us. pretty historic day today, mary. >> it certainly was, sue. it the 266th pope becoming the fourth leader of the catholic church to visit the united states where 70 million identified themselves as catholic. at joint base andrews he waved to the crowds but didn't make nel public comments saving his braeths for the many events he has during this tour. it kicks off tomorrow with a meeting at the white house with the president and a mass later in the day. on thursday he addresses congress and on friday, the u.n. general assembly with the main event coming sunday, an outdoor masses in philadelphia to celebrate the conclusion of the festival of families. expect is the pope to couch on hot button issues here in the u.s. including immigration, income inkey quality and prime minister change. the pope has shaped his message since stepping out last year. that will message being is he is a leader of a churching >> he has been critical broadly of capitalism. he has been cautioninging about how we hu

for "nightly business report" i'm mary thompson. >>> shares of jpmorgan slip on a revenue warning, andhat's where we begin tonight "market focus." at an investor conference today jpmorgan's ceo jamie dimon said trading revenue is down like its competitors'. this quarter dimon didn't give a percentage, but over the past two days at the conference both bank of america and citigroup have said their revenue is down about 5% this quarter. shares fell almost 3% to $60.94. >>> johnson controls says it will cut as many as 3,000 jobs over the next two years. that move comes as the company hopes to save $250 million a year in costs. shares fell more than 2% to $40.50. freeport mcmoran has filed to sell another $1 billion worth of its shares. it comes after the company just finished a similar stock sale. the news pressured shares since stock sales make existing shareholder' stakes less valuable. the stock slid almost 10% to $10.88. >>> and investors got a chance to react to news that la quinta lowered its 2015 guidance for revenue per available room. the hotel operator also announced that its pre

from atlanta, i'm mary thompson for "nightly business report." >>> still ahead, will the cheap gas last? there's one big wild card that could send prices at the pump higher. >>> nissan is recalling nearly 300,000 vehicles, specifically its versea and versea note models to fix a console panel that could catch the driver's shoe and delay braking speeds. there's been an accident related to the issue according to nissan, but no deaths have been tied to that problem. >>> gasoline is cheap. it's expected to get even cheaper. and as we reported last night, drivers will take notice when filling up this weekend. but will the low prices last? jackie deangeles looks at the one big wild card that could potentially reverse the trend. >> reporter: on the eve of the holiday weekend, millions of americans are preparing to hit the road. they'll be happy to see that average gas prices are the lowest since labor day 2004. $1 less than they were a year ago. why the cheaper gas? well, summer driving season is coming to an end, and the cheaper winter blended gas comes online, prices at the pump should fall.

i'm mary thompson for "nightly business report." >>> and a quick transition here to market focus, and we begin with kb home posting results that topped estimates. lower than expected deliveries were offset by an increase in selling prices, revenue and home deliveries both increased double digits. shares were 1% higher to $14.60. >>> a miss on the top line sent shares of bed bath & beyond way down in initial after-hours trading. the home furnishings retailer did announce a new $200 billion stock buyback program. you can see shares slid initially after the close before coming back just a bit in the regular session. the stock was off a fraction. it finished at 59.33. a similar story for pier one. the company's revenue also fell short of expectations and the firm cut its guidance for the full year. shares slipped initially after the close. in the regular session the stock was off 2 1/2%. 867 is where it finished. >>> the publisher scholastic reporting a wider than expected loss. but the loss comes right after the company sold its educational technology unit. the company's children's publi

mary thompson has more. ♪ >> reporter: on his day and a half trip to new york city pope francis visitedwed ground. >> translator: you can feel the pain here. it's palpable. >> reporter: at an interfaith service at the 9/11 memorial museum the pope appealing for peace, echoing remarks made earlier at the united nations. >> translator: war is the negation of all rights, and it's a dramatic assault on the environment. >> reporter: the environment the focus of francis's speech to the general assembly, framing the protection of the earth as a human rights issue. the pope saying the misuse of natural resources harming the marginalized the most, who become what he calls a by-product of the culture of waste. >> translator: they are cast off by society, forced to live off what is discarded and suffer unjustly from the consequences of the abuse of the environment. >> reporter: francis also asking for restraint in response to financial crises, saying harsh terms put on developing economies' debt hurts rather than helps them. he also asked for aid in dealing with the migrant crisis. in his 40 hours

mary thompson has more on the sell-off from the new york stock exchange. >> reporter: another sell-off on wall street blamed on some famili culprits. concerns about slowing growth in china leading to weakness inkn commodity stocks, and then there was additional weakness in the once high-flying biotech space. stocks down from the opening bell on the heels of a sell-off in europe and on news of a decline in china's industrial process for the month of august. even as the dollar weakened, oil sank, copper and gold failed to get a bid and the weakness in commodities spilled over into material and energy stocks, two sectors that helped to pace the market's decline. also hit, biotech bistocks. concerns about price gouging dogging this group since last week. the group down over 17% for the month. adding fuel to the fire in monday's session, news house democrats want to subpoena the specialty pharma firm valeant about price hikes on some of its products. pushing the s&p into correction territory, meaning it is now 10% below its recent high. and with the third quarter wrapping up on wednesday th

mary thompson is in washington she's covering that story for us right now. mary. >> well, bill, after receiving his final diagnosis yesterday at noon blankfein informed the investment bank's board at 4:00 and firm's management team last evening. in a public statement blankfein saying my treatment plan will include chemotherapy in new york, my doctors have advised me during the treatment i will be able to work substantially as normal leading the firm. a person close to the firm says the coo and president gary cohen also a public face of goldman sachs may see enhanced responsibilities during blankfein's treatment as blankfein will be can you get back on travel. the sos sofrs also noting the firm is very deep in managerial talent including harry schwartz and michael sherwood. ceo since 2006 the 61-year-old blankfein came up through goldman's trading arm. he has overseen record profits, add to a firm which teetered on the brink of collapse during its financial crisis. more recently he has helped to oversee an aggressive redo of the company basically the dee risk

carl, back to you. >> mary thompson watching the pope for us today. mary, thank you very much. >>> dow is up almost 200 points here. getting a big boost from nike, which is far and away the top performer today after earnings. we'll talk about some of their internals and talk to our cache of director of floor of operations after a break. hey! hi! our cloud - it's a platform based on awesome-ization! really? can it keep our data where it needs to be no matter what country we're in? integrate with our systems to help keep transactions secure? combine customer data with likes, tweets, the weather, to predict trends? that would be awesome. tote? now there's a cloud that understands business. now there's the ibm cloud. >> trying to wipe out the gains for the week. europe support quite going to get there. >> it's a very good session, as you can see, for those that are along the market. the bulls in the market. the fact that janet yellen last night played up the strength of the economy here, played down international developments and twice mentioned the possib

let's get straight to mary thompson who has been covering the pope's trip. >> this is the second legncis' trip here to the u.s. he is going to be in new york for just under 50 hours. boy, it's going to be a packed 50 hours. you see him at jfk right now. he will take a jumper to the wall street heliport and a motorcade to st. patrick's cathedral. tomorrow a full day starting with an address to the u.s. general assembly and will head to ground zero where he will meet with families of the victims of 9/11 and hold an interfaith event. we heard him talk about the need for dialogue between different factions. later he goes to a school in east harlem and concludes with a mass at madison square garden for 20,000 people tomorrow. as you can imagine, this is a huge security event. the new york police department saying they put up 37 miles of barriers, including over 818 tons of concrete barriers. with the u.n. general assembly in town, guess how many motorcades they are expecting between the u.n. assembly and the pope. 221. >> 221 cars in the motorcade? >> all the motorcades are multiple vehic

for cnbc, i'm mary thompson. >>> welcome to worldwide exchange. i'm susan lee. >> i'm wilfred frost. here are are your headlines around the world. >> janet yellen delivers a strong message. the fed could still hike this year but the central bank chair feels weak and needs medical attention during her speech. >> for most fomc participants including myself, we currently anticipate that achieving this conditions will likely entail an increase in the federal funds rate later this year. >> new developments in the flash crash case. sources tell cnbc that traders hearing may be delayed as they make last minute changes to their extradition request. >> who's in and who's out? porsche's top man is tipped to become vw's new ceo amid raeg investigations and lawsuits. >> nike sees a rise in profits thanks in large part to china. >> good friday morning. if you're just tuning in thank you for joining us on the program today. let's look ahead to the u.s. markets and how they're fairing after lee straight days of declines. fair value. we're up some 25 points for t

a nice run-up today for blackrock. >>> stocks at session highs, mary thompson at the nyse, bertha coombs over at nasdaq. mary, let's start with you. are you prepared for the whoopen my uva cavaliers are going to put on the irish on saturday in charlottesville? >> they're shaking in their boots in south bend, tyler. yeah, should be an interesting game. my irish looked pretty good last saturday against texas. the texas team wasn't looking so good. >> not so much. >> we'll be watching of course on saturday. right now the dow is very close to actually at its highs of the session just crossing that 16,400 mark. we've seen about a 30, 40-point rally in just the past ten minutes or so. we've seen today a kind of continuation of light volume trading and today on slightly narrower range, about 180 points or so for the dow jones industrial average. markets are little shaky at the start. then they picked up steam. broad-based valley that we are seeing today in the markets as concerns about what the fed is going to do and what's happening in china continue to overshadow trading today. quick check of

mary thompson, cnbc. at&t and directv are now one. which means you can watch movies while you're on the move. sitcoms, while you sit on those. and even fargo, in fargo! binge, while you lose weight! and enjoy a good cliffhanger while you hang from a... why am i yelling? the revolution will not only be televised. the revolution will be mobilized. introducing the all in one plan. only from directv and at&t. >>> vw rallies today despite a new report suggesting the car maker started quitely replacing the controversial software back in april while the hunt for a ceo heats up after martin winterkorn re-signs. >> bmw shares plunge on a german newspaper report suggesting the car maker has also overstepped emission limits. >> investors are welcome. chinese president xi jinping vows to cut restrictions on foreign investment as he tours the u.s. ahead of his meeting with u.s. president barrack obama. >> boeing the big beneficiary state side as they win a $38 billion contract to provide china with a range of aircrafts. >> if you're just tuning in

thanks a lot, mary thompson. ben willis come out of the shadows and step into the light, senior floor trader with princeton securities group. before we had the correction in the market you and i were standing here, ben, and you said we need a correction. i hope we get a correction. it would healthy for market is this a case of be careful what you wish for? >> absolutely, and we've seen a correction in the major indices, if you will. we've seen more than a correction in particularly energy that you were just discussing with marry. >> right. >> so there are opportunities in tho those corrections. you heard warren buffett say the time to buy is when everybody else is selling and i get a kick out of warren buffett telling people they should be buying the s&p etf as opposed to individual stocks where he made his money is buying individual stocks and knowing the value. >> do you think that's the best strategy now to go over the individual stocks, some which may have been unfairly beaten down as opposed to trying to bet

mary thompson is on the floor of the new york stock exchange. bond pits of chicago. mary, just a continued day in a weak streak for stocks. >> it certainly is. the dow close to the lows of the day as we speak and also the s&p joining the dow and the nasdaq in correction territory right now trading below that 1900 mark in today's session. a session marked by concerns about what we saw as a sell-off in europe, concerns about a decline in chinese industrial profits and, of course, the weakness in the commodity space that we are seeing today even as the dollar pulls back. that's not giving a lift to any commodities today. s&p off 2.4%. the russell breaking off what some people call the key psychological level of 1100. now off 2.75%. quick check of the sectors driving the markets lower today. health care remains under pressure on concerns about price gouging, et cetera. this has been a group along with biotech that's seen a sharp sell-off. energy under pressure as cruel o -- crude oil continues to fall. weakness in oil, zinc, copper. and discretionar

mary thompson. and they are adding two board seats on chenier which would make his hand stronger. >> but you wonder, i think jim chanos has compelling arguments to the negative side. and when you look at the 1% bump, and in the post market, you have less volume. would you see a nice significant move to the upside, 1%. that is relatively small in these circumstances. implied volatility of this stock, there are bulls an bears and they are in a fight right now. the volatility of the options is extreming to the upside. >> we should point out, because jim chanos is short and carl ikan is long, doesn't mean anything. in the long-term there could be enough change to get enough value of the stock to make it profit. >> to carl's credit, and there is nothing wrong with it, but he doesn't often stick around long enough to see any change. he's there to agitate for change and make a move. but as they point out, is carl still having the same impact and is this game working and right now it doesn't look like it is

i'm mary thompson in new york. >> that area of new york city that was so devastated by the attacks has come back in a big way. the population of that area was 20,000. today it is 70,000 people. a lot of families moving to that area. >> it is so good to see that rebirth, if you will. >> all right, that does it for nightly business report tonight, i'm sue herera, thank you for joining us. >> i'm bill griffith, we'll see you again on monday. ♪ ( dramatic music playing ) sandra! i'm in a rush. i'm sorry, john. i left a couple of messages on your phone. four, actually. yeah. you're avoiding me. i've just been very busy. you've been busy. we're family, sandra. you're the only blood relative i have left. i'm sorry, john. ( starts engine ) he's in the room with us now.

i'm mary thompson in new york. >> that area of new york city that was so devastated by the attacks has come back in a big way. the population of that area was 20,000. today it is 70,000 people. a lot of families moving to that area. >> it is so good to see that rebirth, if you will. >> all right, that does it for nightly business report tonight, i'm sue herera, thank you for joining us. >> i'm bill griffith, we'll see you again on monday. ♪ gwen: trumping trump and campaign contritions. plus an iran deal victory. onight on "washington week." vice president biden: be careful what you wish for. gwen: be careful indeed. the vice president emotional late night turn send hillary clinton yet another curveball. as the democratic frontrunner tries to regain her footing. secretary clinton: i'm trying to be as transparent as i possibly can to not only release 55,000 pages of my email, turn over my server, but i am looking forward finally to testifying before congress. gwen: republicans meanwhile try to wrestle the elephant in the room to the ground. >>

let's check the markets with cnbc's mary thompson. >> i'd love to tell you something's changed but it hasn't. another big sell-off, with the dow down over 300 points. the nasdaq is down over 80. and the cause is a familiar culprit. the cause is china where manufacturing active dropped to a three-year low in august. the news rekindling fears about slowing global growth, ahead of the international monetary fund christine la guard says looks less promising than it did two years ago. slowing at its lowest pace over three years. oil is also pulling back today on the news of slowing global growth, down over 7%. the pullback in oil prices of course good news for automakers. the firm sharing good news with sales in august coming in stronger than expected. thanks in large part to ntinued strong demand for trucks and suvs. lastly, there's a tech giant who wants to become a media giant. variety is reporting apple is looking to create original programming that would compete th offerings from video streaming services like netflix. something else to put on your ipad. rob and shiba, back to you. >>

all right, mary, thank you. >> sure. >> mary thompson in washington, d.c. it is amazing how many accounts he has in different languages. i have trouble tweeting just in english. but guy? >> i have an italy and portuguese twitter. tremendous following. >> we're talking about the pope. any way. with pope francis in town or in the united states, we thought it would be a good time to ask for a devine trade and lifting your portfolio spirits so pete, kick it off. >> i'm going with gilead and the reason i go there is it trades 11 times earnings -- >> that is awful. that looks like essentering the prerl -- is entering the pearly gates. >> well i know where i'm going. and it trades at ten times earning and a great dividend at 1.6% right now and when you look at the annualized growth rate. 34%. earnings, 40% annualized. this is a company doing everything right right now and they are helping the world right now. help c, hiv and different treatments and all kinds of oncology. >> pest you'llence. and pete. >> pest you'llence. i like the gilead one. lockheed martin is m

cantor fitzgerald is holding its annual charity day today, mary thompson is there on the trading floor with a very special guest for us today. hey, mary. >> thank you so much, scott, as you mentioned, cantor fitzgerald every year holds its charity day it recruits celebrities, superstars to help execute trades, all the profits from the trades go to a variety of different charity, we're delighted to be joined by the great michael j. fox. thanks so much for coming. they're keeping you busy today. >> i'm making a lot of trades, i've been here previous years, several years and i make a few calls. but today they've been pressing me. some money has been changing hands, i've been affecting the economy. >> that's good. you also are trying to impact your own foundation, michael j. fox that's why you're here raising money. >> they've been so generous to us, cantor fitzgerald. been so supportive of our foundation, people may not know that they don't just deal with 9/11-oriented charities, their generosity goes across the board. >> beyond to charities like yours, tell us, what are some of the thing

let's get to mary thompson in the newsroom. mary. >> reuters is reporting that ackman's pershing square hedge fund was down 9.2% in august. for the year it is off a tenth of a percent. it appears mr. ackman had made some decent trades toward the end of the month. keep in mind that back on august 27th our own kate kelly reported that at that time ackman's fund was down 13.1%. so ending the month down 9.2% in august according to reuters. of course it was a tough month for the hedge fund industry. the s&p was down over 6% and some of the other big names like david einhorn and dan loeb with their funds down over 5% for the month. melissa, back to you. >> thank you, mary thompson. we were talking about this yesterday, some of these crowded hedge fund trades that have gotten absolutely decimated in this recent sell-off, names like a sunedison or disney. we're not just talking about smaller solar names but big cap blue chip names. >> we're also talking about hedge funds. a couple of these guys take very concentrated positions in names

mary thompson has been on the frayeding floor and joins us to recap. know how much money did they raise? >> you'll have to wait a moment, kelly because first of all as you mentioned it was an update for the markets and an upbeat charity day at cantor fitzgerald where former pittsburgh steelers coach bill cowher swapped inside information and clients were persuaded to trade by the likes of former yankees coach joe torre, actor ed burns and supermodel wife christie turlington. lastly actor jake gyllenhaal was here causing clients and employees to swoon but not the markets. >> come on, man. that's all you've got? >> let's go 50,000 the same way. >> 2 million. this one? >> do some trades. perfect. i love it. otherwise, they're going to kick me out of this place. >> i'll give you an inside tip on the steelers if you make this deal. you know what's your tip? don't bet on the steelers when they're playing new england. >> of course mr. cowher was referring to last night's loss by the pittsburgh steelers to the new england patriots. cantor fitzgerald the winner

mary thompson? is in new york with the ceo. >> reporter: thank you for that. nice to see you.t's become an annual tradition. the first thing i want to ask you, you were ceo on 9/11. what do you think of when you wake up in the morning on 9/11? what's the first thing that krosdss your mind? >> i really, unfortunately, think about it a lot in the days leading up to it. by this morning, i'm ready. i always take my kids to school. because that's why i get to talk to you 14 years ago, i was taking my son to his first day of kindergarten. that's the most important thing to me. it saved my life. and then i come to work, and i'm ready to sort of turn it into something positive. it starts very difficult. if i didn't have today as charity day, i'd probably curl up in a ball. this way i get to do good. >> you took 9/11 as a source of motivation. what would you tell other people who are faced with a catastrophic event like you were at 9/11. what would you tell them is the most important thing when they look to rebuild their lives or companys? >> i couldn't change who i was. i'm a business

mary thompson is here with me. that's breathtaking.e chart even though that one -- we could just stick with, but the price of wti crude here in the united states, look at the volatility in crude over that time. today it's down 2.7%, but it's been stuck in a trading range overall in one month it's down just 1.6%. how about that bio they can chart. >> it's hard to look at. again, there was more concern about the prices within we had the house democrats requesting a subpoena for valiant pharmaceuticals today. that is obviously building which will continue to put pressure on this group. a number of traders say you have to see crude break out of this trading range if you want to see the markets going up. they say that's one of the reasons we're seeing this overall market stuck in this range, although we seem to have broken a bit down to the down side today. >> there is a sense of anticipation, it's almost like we're going back to the august 25th lows. >> yes, everyone will be watching that tomorrow for the s&p 500. >> we are not that far aw

mary thompson is following the story for us. first and foremost, why is ge doing this? >> the jobs go to france, china and hungary because without the loans and assurances to foreign clients ge used to secure through the bank, it has to get them through other ecas. if ge is bidding on a foreign project mostly in developing countries these lines of credit have to be secured before the bidding process can begin. typically governments request some of the jobs or production be home countries. so if they're going to extend the credit, they need -- >> cog morse ge jobs be moved over over seas as a result. >> the wouldn't say. it's bidding on 11 blld worth of projects as we speak. each will have its own financing package and set of criteria. unless congress reauthorizes the ex-imbank, the location of the jobs will be at the mercy of the agreements. in a statement today, ge said this could result in thousands of jobs from ge and its suppliers being relocated overseas. >> is ge the only company impacted by this? >> no, but although ge, boeing, as well as caterpillar, the banks b

let's bring in mary thompson. what stands out to you here?e francis continued on the themes that we heard yesterday. his concerns about the climate calling on congress to protect the earth and also his comments on immigration to welcome those who seek the benefits that are here in the u.s., but he also said that we need to respect life from the most early stages and then also at the end and in addition to that call for an end to the death penalty. something that he and the catholic church, of course, have advocated for and extended a period of time. he called for an end to the arms trade as well and for our audience, he called business a noble profession. again, something that about a 55 minute speech by the pope who ended with a comment about marriage and saying that he supported marriage at a time when traditional relationships are in question. so, again, a 55 minute speech by the pontiff. he was intrupd by congress about 30 times with applause. especially when he quoted things about america about it being the land of the free. back to you.