more on the challenges that merck has been facing, and what they're doing. >>> merck's competitors came running through the doors, the giant drug maker has taken a sales hit. down 53%, merkk's patent expired in 2012, the new seller down 5%, merck's star since it came on the market still did $1.4 billion last quarter, but the sales have been dented by competitors. >> the big concerns are by far the diabetes franchise which has been mentioned, 13% of revenues, probably close to 15 or 16% of profits, they're a very high margin business. >> and the animal health products which usually help the numbers are down 2%, it has been a while since merck has had a new blockbuster drug and the company's problems became more apparent this month when they said they're cutting jobs to help reduce costs by $2.5 billion. but the cuts could already affect the drugs being added to the scrap heap. >> we have had big disappointments in research and development. they have gone over targets that have not played out well. >> merck has hopes on a new cancer treatment. it is getting accelerated reviews on the hepa

weak numbers from merck.lower this morning too. >> okay. >>> ethan allen slid 10%, reporting a drop in demand and a cautious consumer. joining us now, chairman and president and ceo of ethan allen interiors and an old friend of the show. great to have you in because it's -- how better to really look at what's happening in housing? and i hate this term that you start with. it really is kind of a new normal right now. have you ratcheted down overall expectations after what we went through? >> yeah, well, good to see you again. >> yes. >> it has been some time. >> it has been. >> you know, we are actually going the other way. we have an initiative that is the largest in the last 10 or 15 years. going from a leader in furniture to leader in whole fashion. we launched this in september and really right now in october at a time when we have had all this concern about a government shutdown and everything else. now having said this, yes, the business has been affected to some degree. but, you know, we have to think o

merck is still often thought of as st. merck for the long-term record of really tremendous innovations per management over many, many years. it's been at the forefront of tremendously helpful vaccines. fantastic diabetes franchise. but that's all in the past. we now expect too much from merck. they can't deliver. meanwhile, we expect too little from bristol-myers and when it delivers new drugs with the shoot the lights out numbers, we go nuts! taking the stock up $3.25 on the twin upgrades and a sense it's pulling away from the laggard pack. which brings us full circle to apple. you may think this process is unfair. you may think, wait a second, i love the products, management's doing a terrific job, the management's way too critical. it's what i think. if you're like me, you don't even know anyone who has another phone besides an iphone or a tablet besides the apple ipad. tons of stocks that haven't done much at all over time. then they do something good, just a little thing and get rewarded with a 4% to 5% gain for doing

merck is under fire here. merck has no game. >> no game? >> no game in this great-american one. >> speaking of companies trying to find their game, it is going to be apple due to issue and results after the bell. waiting to see what the tech giant will say of sales of the new iphone 5-s and the 5-c. the call is on to see the response to carl icahn's buy back program. >> they did kind of give you awe higher estimate. they sold 9 million over that weekend. they gave you the high-end. i have to think apple is very cheap. very cheap doesn't necessarily get things going. the two things that disturb me about apple, the bar is raised by the fact that they raised the bar on the high end for the apple file that they mate september 23rd. icah flchlt has made it to feel like there is not a lot of down side. they are going to have to go to the holiday season with new products. >> i wish it was where it was before all the chatter started. >> what would be bad news out of the earnings? is it possible global sales, 5-s have slowed considerable. >> bad new

generics of that drug hurt merck's sales numbers. the company topped wall street's profit expectations. but then lowered its forecast for the year. merck shares fell around 2% yesterday. some downright royal earnings for burger king. the chain saw a jump of 4.35% in the third quarter when compared to a year ago and posted a profit of $68.2 million. the boom can be attributed to cut backs in operating expenses and efforts to revive its menu offerings -- specifically, the recently introduced satisfires. the company hopes the lower fat and calorie count fries will draw customers. wine lovers and vineyard owners still to come: the son and grandson of billionaire investor warren buffett will be here with tips on taking risks. plus -- how even the best looking stocks can turn out to be a losing venture. and, trader thoughts on why apple may falling out of favor with investors. it's all still to come on first business. ♪ ♪ ♪ ♪ ♪ apple shares ramped up into earnings.. here with a post earnings apple dissection is andrew keene-- president of

at merck. right? they just moved to summit, new jersey. maybe i have to give these people -- they populate the inn. >> you have to focus your r & d. a lot of people have already focused these trims. >> we don't want restructure. you're not buying it for restructure. celgene gives you growth and they're hiring. which do you prefer? growth and hiring or difficult left-ha -- dividend and firing? >> we know which it is. it's growth and hiring, to answer your rhetorical question. >> did you notice? that's because i had him on the show last night. he gave me his subtle approval right now. >> you're right. >> take it where you can get it. >> will this help? will this help? >> no. short-term pop. carl pointed out the number of failures of drug there is and then they bring in -- there's a head scientist, they bring in a guy from amgen. i mean, merck is a great american -- i remember when dr. vagelos -- irony of ironies is chairman now of regeneron. and then they've come up with t the anti-cholesterol drug. >> can't get a ceo to come on. his son is

that amounts to 20% of merck's total work force. merck says it hopes to save about 2.5 billion by 2015. >>> uncertainty in the economy may be spooking americans when it comes to halloween spending. national retail federation finds households expect to spend less this year than last year. just over $75. halloween is a big deal for retailers since it's the last major event before the crucial holiday season and can give away some clues about how shoppers are feeling. some costume ideas already trending on social media include of course miley cyrus from the vmas. you knew that was going to happen. shark nado and grumpy cat. hyundai is agreeing to defer payments. workers who buy or lease cars this month won't have to make payments until january. those who already own a hyundai financed through the company won't have to make payments till they go back to work, similar to what they did in 2008 when workers lost their jobs during the financial crisis. >> nice. nice to hear somebody doing that. >>> a local educator makes an unexpected announ

merck says it hopes to save about $2.5 billion annually by 2015. big news with obama care, glitches in the system that people are using to sign up today. that story coming up in just a moment. glitches on day one. not good. and the economic fallout of the government shutdown. not just the people losing their jobs, it is the ripple effect and robert reich will join me next on that. begins with back pain, when... hey pam, you should take advil. why? you can take four advil for all day relief. so i should give up my two aleve for more pills with advil? you're joking right? for my back pain, i want my aleve. >>> well, it is certainly the story of the hour. day one of the first partial government shutdown in almost two decades. the last one happened -- lasted three weeks, by the way. three weeks long. a lot of money lost. this morning, the senate kicked stock gap spending bill back to the house for the fourth time. once again, the senate bill was stripped clean of health care amendments. the house bill would have delayed obama care, which, by the way, k

merck el ha pedido a la administración obama que tome acciones completas.la pausa comercial y volvemos con los deportes en minutos. no se mueva, que después de la pausa, en entre historias, le diremos dónde puede reconocer a penélope menchaca. >> sulema: esta tarde en este nt sugerencias en la cartelera. adelante cristina. >> cristina: o la mente linda d entre estrellas. este fin de semana nos visita penélope menchaca. además para estos románticos, les tengo un par de entradas. las mujeres más hermosas del mundo se reunirán. en exclusiva tenemos un par de imágenes de las concursantes latinas, y como se preparan para la sección de foto oficial del certamen. usted podrá ver a sus padres favoritas concursar en miss universo del directo desde moscú. este fin de semana usted no se puede perder la oportunidad de conocer a la bella penélope menchaca que llega en exclusiva a la región metropolitana a pasar un buen rato. así que ya lo sabes, penélope menchaca de espera este sábado 26 de octubre. en celebración del día de la canción criolla peruana, se hará un un act

i'm worried about merck. not worried about gorski and j & j. >> is apple looking to focus more on luxury? the tech giant adding the ceo of berbury. >> and victor cruz, we'll talk to him later this morning. and we're keeping all eyes on washington to see if we get any kind of a deal. back in ament. -- a minute. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement insurance plans, they could save you in out-of-pocket medical costs. call today to request a free decision guide. with these types of plans, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and virtually no referrals needed. join the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp... and provided by unitedhealthcare insurance c

on today's earnings quarter, we have dow and merck.omy, we'll be getting industrial production numbers. pending home sales. dallas fed manufacturing survey.

>> three merck -- through a mutual friend. he was told about the film and nina. his office contacted nina. the rest is history. we were very happy. >> this is a global problem. it is not just india. it is happening all over the world, with relation to population control and the fact that boys are more valued in india and around the world than girls are. tell us a little more about the plight of the indian babies and why the baby girls are victims of gender side. >> that is the million dollar question. sex selection happens all over the road. in india -- if people want to know what that is, it is a preference for boys over girls. there is a variety of reasons. i would encourage people to see the film. pressure comes from the hindu religion sometimes. that is not entirely true. there are plenty of people preferring a boy over a girl. the basic point about pedals in the dust is, -- >> one of the problems is that it is creating a huge gender imbalance in india. i don't know what the statistics are. you probably have them somewhere in the film about how the imbalance

reports say the nsa has been eavesdropping on many as 35 world leaders and on angela merck el's phone calls back as 2002. there's divided reaction in congress. >> i think we have repair work to do and i think we have hard questions we need to ask of the nsa about what's really happening in this program. >> i think the president should stop apologizing, stop being defensive. the reality is the nsa has saved thousands of lives, not just the united states, but also the transit germany and throughout europe. >> the merkel eavesdropping ended after administration uncovered it last summer and intercepted millions of calls by spanish citizens. >>> jury selection under way in a phone hacking trial in britain. the main defendants, rebecca brooks and andy colson, arrived in court today. they're editors of the news of the world tabloid which is now at a business. brooks and colson are accused of hacking the phones of celebrities and making illegal patients for information. ellis island is open to tourists. new york's historic destination reopened this morning a year after being shut down by dama

merck, ibm, goldman, j & j and b & g. >>> is it ironic that today many of the new health cares opened >> we speak with silicon valley veterans looking to be the apple of health insurers. what does that mean? >>> also ahead, jim cramer has been conducting "mad money" 101 classes around the country for years. >> this is going to be the most important, most useful class you'll ever take at any university anywhere! texas, virginia, penn state, michigan, ohio state, iowa! >> isn't he amazing? later on the show, we're going to get jim's take on the markets, shutdown and his 2,000th episode of "mad money." can't wait. you've got to join us later on so you can see him at 6:00 p.m. right here. he's going to be at the nyse. bny mellon combines investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. >>> get this, the government shuts down but stocks are higher since hittin

. >> ahead on the show, big calls from the street on coach, merck and expedia.re they the right calls? big power plays on "power lunch" this week. former new mexico governor bill richardson, morgan stanley cio mike wilson, nyu business school dean, peter henry, northern trust management katie nixon, jpmorgan global market strategist, joe it tanious. . weekdays are for rising to the challenge. they're the days to take care of business. when possibilities become reality. with centurylink as your trusted partner, our visionary cloud infrastructure and global broadband network free you to focus on what matters. with custom communications solutions and responsive, dedicated support, we constantly evolve to meet your needs. every day of the week. centurylink® your link to what's next. ♪ [ male announcer ] eeny, meeny, miny, go. ♪ ♪ more adventures await in the new seven-passenger lexus gx. lease the 2014 gx 460 for $499 a month for 27 months. see your lexus dealer. but at xerox we've embraced a new role. working behind the scenes to provide companies with services...

merck, eli lily and both getting downgraded today. >> they were downgraded both by jeffreys.a buy, worse, lily to underperform from a hold. basically essentially a sell. citing deteriorating business fundamentals. did revise credit outrating to stable. still down about .7%. >> wells fargo says it is time to pay the piper. dr. pepper. >> the valuation range was cut to 44 from 51 to 53. they see folks no upside at all, no reason to own the stock. they cite weak industry fundamentals, aggressive pricing strategies. dps down year to date. >> johnson & johnson giving the dow a nice boost today, one of the reasons why. up by 95 right now. take a look. >> not a huge endorsement but goldman sachs did upgrade it to a neutral from a sell. not like a buy or strong buy, neutral from a sell. they cited improved outlook in the sector and j&j has had a year, up about 26% outperforming the dow. >> texas industries getting an upgrade to buy from neutral at longbo research. >> the biggest cement producer in texas. longbo believes pricing concerns overblown, core market attractive, their price

. >> "pulp fiction" created opportunities for some of merck's most famous writers like erle stanley gardner, ray bradbury and raymond chandler. pelecanos says the writing sprang from the minds of men and women traumatize by war. >> it seemed all sorts of horrible things, seen a lot of death. they came back and started writing these very, very dark books. chandler when describing this genre famously said the streets were dark with something more than night. >> reporter: some literary critics were unimpressed but pelecanos says "pulp fiction" is an important piece of literary history. >> as a cultural artifact it is important to keep all of them. and recognize that that the genre produced some true masterpieces of american fiction. >> they transported readers to new and different worlds. >> that's the value of fiction, isn't it. to be able to put yourself in someone else's place for just a little while and experience that. and that's what these were. >> an experience the library of congress is now preserving for future generations. chip reid, cbs news, washington. >> the largest u.s. naval de

the name that's weighing on the dow today is merck.erck showed a shortfall, they've also lost the exclusivity of tear asthma drug, and that's not good news. stock down 2.7%. connell: the online portal americans are using to buy health insurance, yet another glitch over the weekend, halting online enrollment adding to the growing list of problems. dagen: rich edson has a list that is growing. he's in washington, d.c. for us with the very latest. hey, rich. >> reporter: hey, guys. well, the admission says officials spoke with verizon's ceo, and the telecom giant promised to get the site running as soon as possible. even if it does, technical problems still plague the federal online marketplace, and this week congress holds a pair of hearings to find out why the healthcare.gov rollout was so messy. tomorrow the administrator for the centers of medicare and medicaid services appears before the house oversight committee, and on wednesday kathleen sebelius testifies before the house energy and commerce committee. and republicans say the web

united healthcare no surprise with obamacare and merck are some of the big losers.s on the floor watching the burger king it is the apple tries. >> they have the new satisfies and the apple slices whatever it is we have to give burger king it's due because the stock is up 6% and posting a profit they continue to expand looking at the franchisees they did very well abroad middle east and africa and asia u.s. sales were flat to the down side but that was on par from mcdonald's. they also raised the quarterly dividend so we did see a great report as a flash costs and that is why you'll see a nice jump in the burger king stock today. ashley: two short months ago investors were convinced bernanke was going to pull away the punch bowl but now weaker data emerging some are suggesting maybe they need to add more juice. >> we are hearing some economists say we have seen economic data come in weaker with fiscal uncertainty here is in washington on capitol hill now. and janet yellen nominated to the fed a bit more dovish there are a handful that says investors should start rul

merck off less than 1% to $47.29. eli lily $48.88. one analyst says the company's guidance isn't as great as hoped. another analyst downgraded to under perform for market perform. don't lose sight of the fact micron shares soared to 165% this year and fell to $16.84. >>> safe way was the best performing stock despite reporting earnings below estimates. they focused on the supermarket chain's strong revenues and exiting the chicago market, something an active investor has been pushing the company to do. the stock ran up 7% to $33.75. >>> a warning today from silicon graphics slammed it's stock. the earnings could come in below estimates because some of the it projects funded by the government have been put on hold. silicon graphics provides computer services to large-scale data servers and biggest names in tech include facebook and yahoo. shares went to $14.75. >>> solar city soaring on a sunny forecast and expects instillation of the rooftop solar panels to rise about 90% next year. the company allowed homeowners to lease solar panels

merck off less than 1% to $47.29. eli lily $48.88. one analyst says the company's guidance isn't as great as hoped. another analyst downgraded to under perform for market perform. don't lose sight of the fact micron shares soared to 165% this year and fell to $16.84. >>> safe way was the best performing stock despite reporting earnings below estimates. they focused on the supermarket chain's strong revenues and exiting the chicago market, something an active investor has been pushing the company to do. the stock ran up 7% to $33.75. >>> a warning today from silicon graphics slammed it's stock. the earnings could come in below estimates because some of the it projects funded by the government have been put on hold. silicon graphics provides computer services to large-scale data servers and biggest names in tech include facebook and yahoo. shares went to $14.75. >>> solar city soaring on a sunny forecast and expects instillation of the rooftop solar panels to rise about 90% next year. the company allowed homeowners to lease solar panels

we'll see earnings numbers from companies including apple, merck and herbal life. apple it is slated to report its earnings after the closing bell and expecting it to beat street estimates as a result of record breaking phones of new iphone models. last week all eyes on twitter. the mid-atlantic today with a meeting in baltimore as twitter executives do their best to woo investors before the stock goes public. the new york stock exchange saying it's executed a successful test run of the ipo. back to you. >> thank you so much. >>> it's 4:46. almost a year after superstorm sandy, devastated the northeast, a historic tourist destination street reopen. ellis island suffered severe damage in the storm. at one point it was under eight feet of water. since then the national park has undergone upgrades including storm roofing. >>> it was a nice weekend around the bay area though it started to change yesterday afternoon. it got cooler and then the winds picked up. let's see how it's looking now with meteorologist christina loren. good morning. >> good morning to you. the wi

i understand the merck hold call.and people are starting to realize, what were they doing building all those buildings in summit. do they have a clue? i'm not sure they have a clue. i'm not sure that merck knows where its future is and that is worrisome. >> jcpenney is up 4%, the biggest gainer on the s&p. we had a discussion on the commercial break about what this addition to the board, sachs chairman steve sadoff means. >> he is a numbers guy. he's originally from bristol myers but i do think what you need is both a merchandise guy and a numbers guy. so he brings in say some of that sachs team. people feel sachs is out of touch. they have all fifth. they did a very good job with that. he did a very good job pruning bad stores. of course eddie lambert about sears, good scores. >> david down in larue, texas at the barefoot. i'm sure jcpenney will be a topic of discussion today. still a lot of people wondered whether those results we talked about yesterday were just a carefully worded release or whether it does show si

mirella >>> sÍ nosamos a la psa pero al regresar no se imaginano que do ell back rd de brasil acer de mercka comenzar el d c el pie derecho. y só mcdonald's te espera cada mana con un delioso mccafé preum roast coffee. hecho con exclusiva mezcla de gran 100% arábica. pruébalo junto a un rico egg mcmuin recién preparado y vás que nae podrá detener. un mccafé premm roast coffee y tu mcmuffin farito harán que tengas elayuno perfto siemprhay algo que les va a encantar a todos emcdonald's. ♪ hÉctor gonzÁlez iÑarritu mencionÓ que la baja de las lobos de la selecciÓn por asuntos personales,o es detiva. el delantero de tigres previamente r mor tportÓ que eÍ sente con hel k, est fue mÁs de Éxico . >>> con eso no van haber naturalizas en el tri >>> tenem de regreso. alguien quie se lesnÓ y no jua, s rompiÓ los ligamentos hablamo de jonathann sa lanseompiÓ el ligamento de laorolla, fec6 ses estarÁuera d Ón >>> cuÁntos rtid ha jugado >>> minuto >>> entonces nada mÁs, es lamentable porque le ofrecieron ser titular este juego >>> el eajador d bsil no va a al mundia pierd muchon tusmo >>> los mexicanos ga

veeva system cloud base software is used by some of the biggest drug manufacturers like merck, eli lily and bayor. >>> two silkicon rivals will son be within shouting distance of each other. scott budman joins us from samsung to talk about growing rivalry with apple. scott? >> we talk a lot about the world becoming flat and how everyone around the world seems to want to be in silicon valley. s samsung which has plans to expand this san jose headquarters just today launching a new real estate assault against its rival apple. >> brightest minds in the world. >> reporter: after a vote of support from the cooper tino city council last night, apple spoke today about how its new campus being called the spaceship, will bring new jobs to cupertino and new products to consumers. >> we have the best team in the industry. we are very excited about what we have in our future product pipeline. and we think we're going to surprise and delight our customers. >> reporter: meanwhile, about six miles away from apple's next headquart headquarters, rival samsung was tearing things apart, preparing to build

first up, merck planning to lay off approximately 8500 workers and relocate the corporate headquarters save money. the drugmaker expects to move to save the company 2.5 billion in annual costs by the end of the 2015. >>> amazon is planning to hire 70,000 full-time and seasonal workers to fill orders during the holidays. the world's largest o online retailer is the saying that is 40% increase over last year's 50,000 workers. >>> microsoft has surface two pilots for to replace 30-pound book of maps. they say delta it will save them on fuel and other costs. >> bmw recalling 36,000 vehicles due to the power problem in the power brake system. the owners will be notified by mail to bring their cars in for repair. >>> neiman marcus offering year-round free shipping and returns for all domestic purposes made in store and online as they gear up for the holiday season. that is today's "speed read." [buzzer] liz: go browns and indians. >> i knew i could get her. anytime, you say go cleveland. liz: the blame game inside the beltway intensifies with lawmakers pretty much apparently as far apart on

when santafe announced results for a drug i have been calling you, anti-cholesterol from merck. this compound that reduces bad cholesterol that can't take the current statin drugs could easily mean $3 billion in sales. a blockbuster that will be fast tracked because of the results. that's why regn jumped 17 points in one session. few hours later got european numbers. best in two years. august was the worst month. i don't think they realized how bad this news is for ford. charitable trust. and general motors. both of which able to report much better because of this turn. chinese sales! then once the sun rose in america we saw the earnings from bank of america and they were spectacular. what was the last time i said that? in the same sent sense as bank of america? i know this company cost as lot of people a lot of money. all right. but interest didn't today. it shows year oar year and quarter over quarter growth. putting the same loans and liquidation behind it. companies showed thank you small medium sized loans being made in the country are coming back. growing. i can see bank o

pfizer has deals with merck and bristol. i have been covering the industry for many years. all together. >> that is pretty much true. i have never seen the level of partnering and cooperation, that reflects a tough environmental little bit but certainly efforts to improve the overall situation. dagen: cheryl: the big concern for hospital companies was the have been shouldering the burden for decades but the uninsured goes to the emergency room and hospital has to treat them. are you bullish about obamacare's effect on hospitals? >> they are carrying 15% of their revenues and bad debts and moving in a positive direction, some of these people get coverage on medicaid or the insurance exchange and everybody recognizess people most likely to sign up are the ones with preexisting conditions with a high propensity to get sick, that will be helpful to the hospitals and we are at a time with all the confusion in the press right now about obamacare expectations of come down quite a bit. cheryl: you are blaming the press for obamacare's problems? >> it created -- cheryl: want to clar

they remind me of big pharma, exxon and merck. don't focus onment that focus on the production rates. if that happens and the group sells off, here's what you, do you buy global energy, which i think had the greatest order this week. we ariching to get bigger and also a huge natural gas field off the coast of israel. we also get results from old solar. if the noise is out of solar city and dupont mean anything at all, both are seeing rapid growth in solar right now. i bet first solar surprises. that's right. because the i'm right, first solar can put on ten points. ah, if it misses the quarter the bears will be all over it. odds favor, fooimpb finally on friday, there is chevron the best of the major oil companies the one i believe issiching to bring out big value. chevron is one of those little stocks every time it gets hit. if oil goes down earlier in the week taking chevron with it, i would pick it into the quarter for a trade. the bottom line is next week is filled. remember, these companies want to dominate the earth. these a

lou: critics going after pharmaceutical giant merck because of the bush to loosen the nation's immigrationin and of itself the last month officials urged congress to allow more foreign workers into the united states but this week it announced it was increasing the job cuts up to 16,000 amounting to 20 percent of the workforce. not so nice and quite a contrast. opening of dirt cheap food -- cheaper foreign labor. senate majority leader harry reid arguably the nastiest fellow on capitol gonzales and incivility reminding fellow lawmakers of decorum. >> we all have to understand that these rules create a little bit of distance talking about personies and if we do that we have a more civil decorum. lou. [laughter] >> in the course of the presidency i have spent over backwards to work with the republican party and purposely kept my rhetoric down. lou: really? apparently republicans want -- democrats want republicans to do is i say he said he would not negotiate with republicans house q like these? with a gun to the head of the american people. white is in their cht beating about that gun metapho

exxon and merck. focus on the production, growth and replacement news. i don't see much on the front. we're i having to get better. we also get earnings from first solar. hey, look at that. old and new. if it out of solar city and dupont mean anything at all, both are seeing rapid growth in solar right now. if i'm right, first solar could put on 10 points. if it misses, the bears will be all over it. odds favorite. finally on friday, chevron. which is the best run of the major oil companies and the one i believe is itching to bring out value. it is a buy every time it gets hit. if oil goes down early in the week taking chevron with it, i would pick up chevron going into the quarter for a trade. bottom line. remember, these companies want to dominate the earth. it's like amazon. these are just like amazon. i do expect more amazons and more disappointment, more microsofts. the buy for this week, up side. paul in california. >> caller: hi, paul. thanks for taking my call. >> my pleasure. what's on your mind? >> caller: i bought illinois tours in april. 30%.

america is trying to cut more jobs -- merck is getting rid of 8,500 employees more than 10% of it works>> recall going on at b.m.w. calling more than 76,000 vehicles in the u.s. over problems with power breaks. the recall affecting several models between 2,000 12-2 thousand 14. neiman marcus is giving shoppers a bit of a break. they're offering preshipping and returns -- free shipping and returns year-round. the deal is for at stores and online. >> a lot of online shoppers are going mobile. >> more people are using tablets and smart phones to do they're on line shopping instead of computers. >> that's business. i'm neil cavuto. >>  oh, no, i got to go. oh, can you make that to go? these days, nobody has time to get sick. but minuteclinic makes it easy to get well. our nurse practitioners can diagnose and write prescriptions for everything from strep throat to sinus infections with no appointment necessary, so you can feel better in no time. you guys want to go to the park? children: yeah! minuteclinic, the medical clinic in cvs pharmacy, now offering flu sh

>> merck and he will president obama have not had a terive relationship throughout. and the fact when this was uncovered, it was not president obama getting on the phone smooshing her and saying look, let's not worry about this. and we have a better relationship and you are probably spying on us. she had to call him. and his excuse was he didn't know anything about it. it has not sat well. and now merkel in germany and europe. the president of brazil. and president of mexico all angry about the united states spying on them. it is sad. but bill. >> i know it bothers you because there is a bigger issue here. what is that? it is a government that can't control itself? >> is the government on autopilot. he didn't know anything about benghazi or the nsa wiretapping and didn't know about the irs going after conservative groups and didn't know about the fbi wiretapping of james rosen in fox news. you got to say. that is a worse problem. is the government on autopilot. is there anybody in the white house or president knowing? that is a harder problem to fix. if it is a dumb

. >>> news out from merck. they're announcing a global initiative.ar target of 345 to 355 which is already the street looks like it's there. they're also talking about plans to have new workforce reductions of about 8,500 positions. in addition to pending previously announced reductions. their goal is to try and have target net reduction in annual operating expenses of about $2.5 billion by the end of 2015. the news here is 8,500 jobs they are now talking about cutting in addition to the other cuts they'd talked about to this point. >>> right now, it's time to talk markets and what you can expect today now that a shutdown of a federal government is in place. on currencies this morning, we have boris, on oil, carl larry from oil outlooks and opinions. plus chuck gabriel. our guest host this morning is bill miller, the legg mason opportunity trust fund manager. and boris, why don't i ask you about the dollar. we just mentioned the effect, the impact that the government shutdown is having on the dollar. do you see this continuing as the shutdown continu

. >> reporter: the drug manufacturer merck has pulled it from the shovelves to make sure it's safe.s meat on the market could mean higher prices for all of us at the butchers. trace. >> garrett tenny live for us in cambridge, illinois. >>> a judge has set a $1 million bail for a man accused of telling security screeners at the airport that he had a bomb in his backpack. here's an image of that suspect. the so-called bomb was fake and they never found any real explosives but the hoax did cause authorities to evacuate the airport for about five hours. that delayed flights and stranded passengers on the tarmac. investigators said the guy's backpack had a luggage scale, two batteries and a micro chip inside. and he as said the man had a detonator which was a remote-controlled device. >>> instead of popping pills, you might want to get off the couch. that's the message from a brand-new study that shows a little workout can add years to your life and get you off of those white things. next. >>> turns out exercise can be as effective as pills when it comes to diabetes and heart disease and

. >>> new jersey-based merck, will cut another 8500 jobs. that's on top of the other ones announced. together, it represents 20% of the drug maker's work force. >>> and amazon.com will hire 40% more seasonal workers than last. many of the 70,000 temporary hires will be made full-time, after the holidays. that's your money watch. for the latest business news, follow me on twitter, at alexis, cbs news. in new york, i'm alexis christoforous. >>> too cute. 14 new panda cubs make their public debut and get some play time on top of that. this is the first video of the furry little bears. all the panda babies are born this year, at a breeding place in southwest china. the eldest is four months old. the youngest, just 3 weeks old. oh, man. okay. that's just cute. the china giant panda protection research center has bred 20 cubs this year, setting a new world record. how about we just leave this video up for the next hour? i think people would be happy with that. oh, my goodness. okay. that's -- that's beyond adorable. all right. i know. >>> coming u

transit bus drivers, mercks and dispatchers are threatening to walk off tomorrow at midnight if contract talks are not resolved. union members previously voted down a tentative deal their leaders negotiated. at issue is the cost of h care and worker safety in light of recent shootings inviting a.c. transit buses. >> san jose firefighters say downed power lines created a hazardous situation that hamper efforts to put out a barn fire last night. the large barn was engulfed when fire crews got this at 10:45. the barn was used as a furniture restoration work 140 and brought down power lines and firefighters had on stay away because of safety. there were no reports of injuries. 9 fire was declared under control after to hours. >> a triple shooting in san francisco neighborhood has turned into a homicide investigation. three people were shot at 7:30 last night with one dying overnight. police spent the evening talking to witnesses and gathering evidence. no arrests, yet. >> five gang members have been arrested in connection where a drive-by shooting that killed a santa cruz boy in august of la

the real life story of the hijacking of the merck alabama in 2009. we covered that extensively at the time. navy seals saved the crew in what was described as a daring raid. that happened off the coast of somalia, and led to a crackdown, and we have seen fewer pirating activity, but over here around nigeria, it's gotten worse by the month. a number of attacks there spiking to 29 this year alone. priors off somalia has dropped off since the marsk alabama incident. the dodds here -- the dots here overlap, showing it's one of the most dangerous shipping areas in the world. most kidnapping end with prisoners being released after a ransom being paid. and officials have not received a ransom demand and just before the attack pirates went after a different ship and murdered three soldiers. joining us now, the company's ceo involved in negotiations when his company's ship was hijacked. he was here in '08 when that happened. >> this seems to be getting baud off nigeria. >> you saw that piracy incidents are down 40%, but in nigeria, off the coast of west afric

we'll get earnings from companies like apple, merck and herbal life. people will watch for pending home sales number to be relea d released. back to you. >> 5:15. she mentioned apple. one of those things we're looking for is as apple talks to reporters is any numbers about the iphone 5c, this is the cheap phone. initial reports said apple had to cut back on the manufacturer of this phone because it was supposed to go into developing markets with a cheaper version. it's not that cheap. the concern is maybe apple missed an opportunity. we'll know a heck of a lot more after the closing bell. >> that will be good to see. good to see you as well. and you ready for the snow? it's coming down in the sierra getting its first significant sign of snow. this is highway 50 at ski run. look at that. the wind blowing in the wind. i understand that chains are required. so we'll see how much we actually get. christina will have a good idea of that, enough to pack it in. >> fun to get down going on the slopes. >> maybe enough for a sled. they have about six inches expe

checking a couple key stock items, drugmaker merck leading the dow higher after saying it will cut 8,500s and move its headquarters to save money. the stock is up about 2%. and the nation's largest drugstore chain, walgreens, is reporting a huge jump in earnings, up 86% over the previous quarter. the stock up more than 2%. no government data about the economy but a closely watched private sector survey tracking manufacturing activity, the ism index at its highest level in more than two years. analysts say when you go inside the numbers it shows manufacturing momentum is picking up with 11 of 18 industries showing signs of growth. markets also reacting to the latest data on auto sales. september auto sales dropped 11% from a year ago including a drop in pickup trucks an its most popular compact model, the chevy cruise. a prediction of 4% overall in part because labor day weekend sales were counted in the august numbers this year instead of in september. barbara, back to you. >> thank you. >> you got it. >> see you tomorrow. >>> taking an extra second to breathe and destress could help you