at merrill lynch, we understand the importance of your goals.oday, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> take a look at this. a developing story in new jersey. a train carrying hazardous material has derailed. one of the tanker cars fell into a creek. thankfully nobody has been killed but a dozen or so people are being treated for breathing problems. freight train was carrying vinyl chloride which is mostly used to make pvc and vinyl products. >>> from trains to planes. with air travel, the pain in the rear that it is, why would anybody in their right mind fly more than they have to and fly to nowhere in some cases? well, it's happening. it's called the frequent flyer cliff. nbc's janet schamlian explains. >> reporter: a wild sky-high endurance race with fierce warriors crisscrossing the globe. >> i went

naval academy in annapolis merrill lynch. with professor aaron o'connell also the author of this book "underdogs" the making of the modern marine corps." professor when was the marine corps established? >> 1775 but the birthday is us mess. the record always claims november but that is the date that congress authorized but they never raised the battalion raised then. >> day never were. but the first goes then 28 november but 10 november still celebrated as a birthday. >>host: what was the purpose of the marine corps? >> to be the guard on a ship to protect the officers from the crew it was difficult to salish up they had to have people there so the principal job was to be the ship's guard and served and snipers but it is a very small part of the navy. >> this -- record is complete the service? >> separate inside the navy but they would claim when they served aboard they should follow the rules amadeus served ashore to follow the regulations of the army and in 1832 they are a separate service inside the department of labor. the

.#% after an upgrade coming from merrill lynch. and very quickly, just want to bring you some economic data.2# upgrade coming from merrill lynch. and very quickly, just want to bring you some economic data.co. and very quickly, just want to bring you some economic data. retail sales you up, the pace of growth is slowing down just up from the month of september when we saw an increase of 6% month on month. retail sales increased by 0.3%. of course we're waiting for the pmi data for the month of october. and we're expecting a reading of around 45 points. >> thank you very much for that. let's check on the u.s. futures because we had a fairly muted close yesterday as the markets returned after a two day close. of course we haven't seen qu weather related event close since 1988. but you can see so far we're looking just to get back some of the in session today.88. but you can see so far we're looking just to get back some of the in session today.8. but you can see so far we're looking just to get back some of the in session today. they

that's merrill lynch. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> some of the "fast money" traders saw it coming. a risk reward for a trade. looking for 20 bucks on the upside. i like yahoo here. >> going from 14.5 and now it is 16 and change. >> i think there is a floor under yahoo here. >> i think you are still all right buying the stock. >> yahoo is up 26% since the first call. what do you do? >> it is a little more difficult here. i still think the trade sets up on the long side. if you look it is interesting. yahoo is rallying on good tapes, bad tapes. i think the stock wants to go higher. can you have a day where it trades back down? i think it will trade with a 20

california, stephanie block, our social media girl, patricia bovan with sumantec, patricia lynn with merrill lynch, barbara mark with -- barbara mark and her friends, over there, yeah, waving, her friend's friends table. please help me applaud these wonderful women. esther caldwell with delloyd could not be here, she is expecting twins and is on bed rest. i also want to say that today really the details of today, as you know, those of you who do event planning, would not have been possible without our event chairs. i want to acknowledge the 4 co-chairs, it takes a group of friends to put things together. help me acknowledge meg mccallister, cinta lynn really paid attention to all the details of this luncheon today. just like the script, i'm not used to having a script but i have it keep on time here. so i also would like to recognize our honor area event chair, first lady neat ta lee. she could not join us this afternoon but sends her thanks for your support. but i have the privilege of welcoming and introducing someone you all know, a very special guest with us today, our much-esteemed mayor, may

that's merrill lynch.an stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >>> coming up today on a special edition of "power lunch" at 1:00 p.m. eastern -- tyler is live in washington where dozens of ceos are on the hill tell lawmakers to get a deal done to avoid the fiscal cliff. we will ask two senators who are in the crossfire what they would be willing to compromise on. >>> a special conversation with noted author and investor nassim taleb. his new book is called "antifragile." >>> halftime report returns in two. >>> it is time for our traders to face off over one of this year's biggest battleground stocks. jcpenney has lost nearly half of its value since january as the company struggles to remake its image. steve, john, you guys are going to debate it. i know you love this one. >> i love to be short this one. i

at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. >>> bust or fiction? warmer weather hurting sales of uggs. this has driven the stock price and valuation lower could be priming it for an acquisition. >> i don't think it is in play at the moment however i absolutely would not be sure

that's merrill lynch. >>> welcome back to power lunch, i'm courtney real when a market flash.k at shares of adt corporation, the home security monitoring service. you are seeing shares trade just off the highs of the day but right now, in this day, the shares have hit the all-time high, spun off from tyco on october 1st. the company reported inline earnings, revenue slightly missing the street's expectation bus approve afghanistan $2 billion buy back. >>> the clock ticking down to the fiscal cliff there is some noise in washington that perhaps going over the cliff might be the best sort of tactical solution for both sides. so, how could it benefit democrats and republicans? andy friedman is a principal at the washington update and one of america's top business lawyers and savviest political observers. andy, welcome back. >> nice to see you, tyler. >> thanks for being with us. talk a little bit about entitlements. we have talked about taxes and riff new raising and so forth, but an article in the times today about how difficult it seems to be for democrats to find the yield poi

that's merrill lynch. >>> let's get a market flash.lu plunging 18% after talks have stalled with potential buyer. the report went on to say lenders were concerned about the debt management. what do you think is going on? >> it is a very, very levered situation. i'm wondering if the debt markets are tightening up a little bit. we saw advanced auto parts, not as many bidders as people had hoped. i would not play this one. the short interest is gigantic. the balance sheet is terrible. somebody's going to make money. too dangerous. >> all right. sometimes it's tough to buy the losers and sell the winners. let's play a little hold 'em or fold 'em with two stocks hitting all-time highs. first up, lowe's. it's up more than 70% over a ten-year period. >> although i prefer home depot to lowe's because it has a history of outperforming lowe's, i think both will continue to climb that ladder. the charts both look amazing to me. hurricane sandy has really lit a flame under both of them. i think you have a little more time with these. a couple mont

at merrill lynch, we understand the importance of your goals.ay, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. >>> let's play with two stocks hitting new highs as well as new lows. cliffs natural resources falling to a 52-week low, the lowest level since october of 2009. grasso? >> first of all, i was long cliff, i sold it for a profit, but held on to a small piece. i'm still a hoper here. it's all based on iron ore. >> holder or hoper? >> both, radio igt? >> once you're a hoper, you're in trouble. if you look at iron ore, it's bottomed. does that equate to higher prices for cliff? not just yet, but i'm going to give it another couple of weeks. i think going into year end, december positive month for the market, i think i have a shot here. on a small sliver of what i'm holding. >> you're holding, but you're ready --

at merrill lynch, we understand the importance of your goals.ial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. >>> that's me over there waving to everybody in the corner. today on "power lunch" disappointing numbers from some

people are urging people to stay in shelters these are google earth of york, new jersey, the merrill lynch, before, after with 145 in new york, new jersey, maryland-- >> and the number of people without power are going down and public transit. people are relying extra time to travel in schools will be back in session. but some pluses to not have heat. phillipe djegal gives us a look at some haute classroom still do not have see. >> some of those glasses to not have heat. >> other hard-hit areas, some of those classrooms to not have heat. they are sifting through the damage devastation. >> it is going to be a long term art recovery response effort and we plan on being there every step of the day. >> the san francisco of the bay area thinks that the disaster relief coordinator was thinking that they would get to new jersey on friday. that could be 2-3 weeks on- site. >> we maintain a number of mobile heating units and volunteers that are always on standby in case of a disaster. >> they are providing food, water and other essentials to the survivors and 17 locations in new york city. >> this

became close and is also friendly with tom choice because tom choice was a major trading guy at merrill lynchll friends with kevin bacon. charlie: grasso is playing a role -- calm down. i am sure he love that picture. he is playing a role as an artificial adviser of virtue. liz: i am sure this is reverting. i am loving it but thank you. charlie: my facebook page lights up when i talk about this. liz: facebook.com/-- charlie: my twitter page. i hate facebook now. liz: our show does it. facebook.com/liz claman. charlie: twitter is more user-friendly for what we do. liz: we do twitter too. maybe if we put nude photos of somebody we will get more hits. thank you very much. one come back the dow is down under 8 points, much more ahead. don't move. we are above 13,000, holding. liz: your fox business market jack, up 7 points down slightly, a few stocks ending november with conditions. cisco up 10% this month alone. earlier this week cisco said it would buy traffic management softwaremaker karen technologies, the price is $141 million in cash, that stocks lately down but home depot up nearly 6% this

however, i think merrill lynch on the most extreme weather out of this storm system. we saw snow in garrett county, 29 inches fell. that is an incredible amount of snow this early in the season. we saw 7 9 mile per hour wind gusts south of the bay bridge. 12 inches of rain along the eastern shore. low pressure as standing in her approach to ocean city. we definitely saw some extreme weather in the brunt of the storm system. fortunately, things are starting to improve. the weather is cooperating but it is very chilly out there for anyone fixing areas of the state today. but all this rain shower in the northeast. this is what is left over from sandy. now we just have a lot of energy producing rainshowers down towards the appalachians, snow showers in the mountains as well. a big dip in the jet stream is alum all that cold air to spill into the atlantic. 45 in baltimore. a high temperature in baltimore is 54 degrees. most areas should stay dry with cloud cover. a few sprinkles off to the west. the mix of rain and snow showers in the mountains tonight. clear tonight, into

job feeding the middle class family but should have helped goldman sachs and bear stearns and merrill lynchnd that's the case basically mitt romney was trying to make. this is why i've said everything on your show. i've been saying for last 11 months. i told you all along if we nominated him, we would be doing this show the day after the election and michael, i'm going to toot my own horn, too. >> you said yesterday that you were talking to conservatives who'd given you the indication that suddenly they found some passion for mitt romney. >> well, i was just relaying to you what people were telling me. listen. i'm the guy on a national conservative radio show two days ago and predicted obama to win and took the hate mail for it. i like to live in reality and look at the numbers and not open what the truth or reality is. >> too old, too white. first read said what happened last night was a demographic time bomb that had been ticking and that blew up in the gop faces. let's look at some of the key groups, maria teresa. african-americans, 93%. we knew that. latinos, 71%. we knew they were sidi

this is a winner on the heels of merrill lynch upgrading the rating from neutral. they say there is 20% appreciation potential for the price target. there is $320 just talking about the potential for growth, the stock itself down 40% off all the 52-week high, an all-time record. saying it has been beaten down, -@a great buying opportunity, impressive growth stock attributes. this is what bank of america said today. lots of positive comments, has been beaten down. bank of america a real believer in the fast food company. david: thank you very much, nicole. stocks getting an election they bounce, but why? as we want to bring in a market analysts to ask. managing director, and global financial private capital chief investment officer. gentlemen, great to see you. we look at it from two perspectives. maybe this is obama rally because they're expecting easy money to continue, they think he will win. indicating they're hoping for easy money, or it could be a romney rally because many people think romney will win and therefore the economy will start turning at a decent ra

that's merrill lynch. come pre-filled with problems. enough is enough. introducing the chase liquid reloadable card. with chase liquid, there's no waiting and no fee to activate you can load cash and checks at any chase depositfriendly atm and there are no withdrawal fees at over 17,500 chase atms all for one flat fee of $4.95 per month. get rid of prepaid problems. get chase liquid. snoou. >>> the fiscal cliff deadline is 35 die as way, right? >> yes. kayla has a deal she wants to tell us the story about. >> a deal interestingly in the real estate space, two commercial real estate companies, avalon bay and equity residentials buying archstone. this is kind of like what happened to lehman brothers. this is pretty much the bulk of what's left of lehman being sold to these two companies for about 6 6$6.5 billion. interesting they're buying basically the car cuss cas. another sign of the housing sector picking up. >> boy, bigs zigs and zags on avalon bay. thank you. >> the fiscal cliff deadline is just 35 days away. today the white house seems to have taken

on september 14th, merrill lynch was sold in distress, and the next day, 158-year-old lehman brothers failed. you didn't rescue lehman brothers. it set off a worldwide panic when it went bankrupt, and i wonder, looking back, whether you think that was a mistake. >> there were many people who said, "let them fail. you know, it's not a problem. the markets will take care of it." and i think i knew better than that, and lehman proved that you cannot let a large internationally active firm fail in the middle of a financial crisis. now, was it a mistake? it wasn't a mistake for the following reason. we did not have the option. we didn't have the tools. the federal reserve cannot put capital into an institution. all we can do is make loans against collateral. >> the day after lehman, bernanke's fed did something astounding. it loaned $85 billion to a company that wasn't a bank at all, american international group, the global insurance giant that was also involved in backing risky mortgage investments. bernanke says unlike lehman, the fed could make the loan based on good collateral in a.i.g

were the first ones to get in trouble in september, more or less, then wamu then lehman and then merrill lynchand suddenly people realized they had bank lines that wasn't going to happen so it was as close -- to the wildest panic i ever saw. >> rose: the wildest you ever saw? >> by far. >> rose: you got out of the hedge fund business in -- >> end of 1969. >> rose: because? >> i got out because i didn't -- i had a good record up to then. i had all these people counting on me and i thought things were getting speculative and i didn't know how to make money in that period and i was competitive enough to feel that i don't want to do lousy compared to other people yet i didn't want to do the other things they were doing so the only thing i wanted to do was give the money back and i gave the money back. >> rose: what do you think of hedge funds today? >> well, i think that -- i made a famous bet that carol has been keeping track of where i'm betting that hedge -- a large group of hedge funds, funds of funds will underperform the s&p over time. >> rose: what's the bet? >> well, we've got a million-do

bank of america, merrill lynch upgraded the stock and up $0.11. it was $400 a share in july. we are back in 90 seconds with douglas holtz-eakin. can we get 5% growth next year? can we do that? we needed. stuart: check out the voting lines in new hampshire. the place is packed. mitt romney played to a packed house in manchester last night. economic growth 2%, weak economy. can we get the u.s. economy back on track and grow at 4% or 5%? douglas holtz-eakin is the president of american action forum. welcome back to the program. you have got to have four% or 5% growth. that is the answer to a lot of problems. can we do and how? >> if you think about it, 2% productivity growth and 2% in the labour force, to do that you need 220,000 jobs a month. the problem so far has been roughly 2% productivity growth and there is no increase in employment. if you look at the things that going on, that will be useful regardless and a better set of policies which is take off of the table by doing serious entitlement reform, pro-growth tax reform that settles the future of our tax code and compete

at merrill lynch, we understand the importance of your goals.new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> coming up on halftime, facebook soars 35% in three months. is the turn-around finally here? research in motion down today, but up about 50% in a month. buy or bail on this battleground stock? our traders debate that, and getting ahead of the fiscal cliff. who will be the next to issue a special dividend? find out at the top of the hour. carl, see you in about 15. >> thanks a lot. when it comes to shopp

unsuccessful firms included man -- fannie mae and freddie mac, bear stearns, laymen, merrill lynch, citigroup, wachovia, ups, aig, countrywide and wamu. the variations they exhibited similar shortcomings and organization, government and management. many of these institutions have become so unwieldy that they were virtually impossible to manage as integrated enterprises. while managers may have profited from it can can go -- conglomeration, it is not clear that this massive size benefited mark or the financial system or for firms that failed their shareholders. we forget how large our financial conglomerates actually are. in 2008, citigroup with 350,000 employees and nearly 2500 subsidiaries, was the largest complex financial institution. aig, smaller than most of the major firms, comprised some 223 companies that operated in 130 countries and had 116,000 employees. in my book i try to share with the reader exactly how complex these firms are and the aig -- and remember they are really small compared to our large complex financial institutions, takes up four pages of fine print and a huge numb

merrill lynch citing attractive valuation.k has taken a hit after a weaker then expected forecast. that is the latest from the fox business network. giving you the power to prosper. ♪ [ male announcer ] where do you turn for legal matters? at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rang from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex

. >> darrow and merrill lynch watch c-span on comcast -- daryl and mary lynch watch c- span on comcast. offered as a public service by your cable provider. >> "washington journal" continues. host: back live in leesburg, virginia, in loudoun county about an hour west of washington, d.c., and as larry sabato mentioned, a swing county in the state. and joining us inside the courthouse to discuss the commonwealth of virginia's role in the election is state delegate barbara comstock, whose districts includes the county and serves as co-share of their romney for virginia campaign and we have brian moran, chairman of va's democratic party. delegates comstock -- delegate comstock, why is loudoun such a swing county? guest: it has a lot of commuters, professionals, and two-earner families, and people this year very concerned about the increased taxes that we would see come jaber reversed if president obama were to be reelected, as well as the peace -- deep defense cuts of us would impact our area dramatically. george mason's stephen fuller, one of the preeminent economists in the area says the

he ran the capital markets division for merrill lynch, one of the top guys. coming very close with dick grasso when he was the chairman commission. from what i understand, he is playing an important behind the scenes here. i think the getco did was an unfriendly bid because they just made the filing. they said here's what we want. it was a hostile takeover, said tom joyce is gone, that is essentially what they said. he would be nonexecutive chairman, which means you have no role in the company, you generally leave. that is kind of an interesting thing. we should point out they have a good bid. it will be hard to turn down but we should point out getco had really good built-in advantages. it owns a piece of knight capital. its advisor, jeffries, owns a piece of it. if you put them together come you're talking about controlling 38% of the ownership of knight capital. that will be very formidable. that said, there is 62 left, they may want to go for the old cash bid. a private company, people are doubtful about its earnings. they haven't disclosed their earnings

posted a bit of an update on the acquisition of the international wealth management business of merrill lynch. it said that the financing of this deal was now completed, and they expected to close at the end of january. kel sf kelly? >> thanks very much for that. china's communist party concluded today, but the standing committee will only be named tomorrow. deirdre has been looking at leadership positions in the past. she joins us now with the details. >> the shanghai composite has declined about 2.5%, despite data showing a rebound in the chinese economy. if you've been tracking the performance of mainland equities, you shouldn't be too surprised. starting with 1992, the 14th congress, mainland equities declined about 4.2%. five years later in 1997, the shanghai composite down about 5.7%. 2002, down bay similar amount, 6% during the week that the congress takes place. look at this. in 2007, this was an absolutely stellar year for mainland equities. it hit 6,000 points. during the week long congress, the shanghai composite also declined 1.49%. it just goes to show you that a lot of uncertain

she is a managing director at merrill lynch and profitable -- principle.with teenage cancer through her printer with musician roger -- through her friendship with musician roger daltrey. he says she made it possible. is welcome the chair of -- please welcome the chair of teen cancer america. [applause] >> thank you. i cannot tell you how this teaches my heart. i have known roger -- i just met pete, but have had the pleasure of the roger for a number of years. we opened a teenage kids are america at ucla that now houses 16 teenagers that have various stages of cancer, some in paid -- some inpatient and outpatient care did you cannot go there without feeling the fight they're going through and want to get deeply involved. i think you all for being here. i have my board here, which is amazing. we have put together a board that is unbelievable. everyone has been working nonstop to get to the day today so we could officially have the launch. teen cancer's mission is to improve the life of quality for the teenager who has cancer. through the works these gentleme

merrill lynch. 26% stake. >> that's correct. >> you shop there. always like to ask people who tell me they like -- what did you think when you went to jcpenney? did you like it? no. i don't see people who go. >> what about the free haircuts? >> that's for kids. >> that doesn't do it for you? >> i did go to the one at 34th. they did have some bargains. i bought some trousers. >> you never went back after that. >> i didn't go back because, i don't know, you go there and maybe the new stores look -- i found myself asking what am i doing here? does anyone know where the pants are? down there. i like a target. you go to target, i know where everything is. very nice. >> i love that. >> your kids are a great judge. where do you want to go? jcpenney? dad, you are so ridiculous. >> you go to urban outfitters and that's a story i can tell. i can tell that story. i will go to pier 1 to get thanksgiving things on the table. i'll tell that story. >> here's a story not worth talking about. west performing dow component down a percent here. jpmorgan cuts it to n

. >> host: the next call comes from merrill lynch. >> caller: i have been a claims adjuster for 30 years. i know what is covered and what is not. however can you purchase flood policy if you do not live in the flood zone? >> guest: yes you can. if you do your premiums will be significantly lower than those individuals that do. the cheapest flood insurance policy is about $129 per year for premiums. that is for that exact property that has little risk. you do have to be in a community that participates in the national flood insurance program. they do have to elect to participate and undertake floodplain management to mitigate the risk. >> host: bay city michigan , did you have the effects of hurricane sandy? >> caller: no but we had torrential rains. we were affected but not nearly as much of those on the water. jon, i have been around the block and i have sold real-estate. being in michigan, water is everywhere. this is another example socializing the debt and privatizing the profits. people do not win at the end of the day and a stock with the bill. clearly. as an fy eye and to make a c

it was pointed out the big move in shares of apple, bank of america, merrill lynch reiterating the buyto 780 from 840. we have topeka saying the sell-off that we've seen down about 22% from highs insanely insane to use that analyst's words. we're up about 4%. i got a chance to speak to your friend on friday on "options action." he's known for being short on apple. >> it didn't look good for a while. >> it turned in his favor. he said on friday that he did expect a $50 gain in apple short-term. he was seeing a bounce here although longer term he is still bearish and sticking to his short. >> listen, it's interesting. jeffrey is an expert when it comes to fixed income. he's making a name for himself in the equity markets with the continued call on apple. he's a smart guy. he does see things differently than many others which afforded him a lot of clarity in the past. >> meantime from apple to best buy, if you think planning your black friday will give you an advantage this year, watch out. turns out people are already starting to line up for black friday deals like these folks outside of

. >> merrill lynch takes it down. i see people abandoning the name.e are trying to figure out what's an outlier and who is doing well. there are too many misses here. >> i don't know -- some may say it's a problem with luxury consumer spending but in today's session we have companies hitting two decade highs in europe. high end is doing okay in europe. >> german retail sales today were not good. >> how do we deal with the fact that europe stock 600 closed at a 52-week high. >> or that confidence is at a four-year high in italy. >> even though germany clearly headed into a downturn. what a remarkable market. the money is going to europe. >> here we go. realtime exchange. at the big board, western asset. over at the nasdaq latin markets. >> as we said, it's the last day of november for the markets. if you are just looking at the s&p, jim, and you wanted to take the biggest winners, amf is up 50%. computer sciences, jdsu. the top three. you can make stories out of statistics. worst for s&p is jcp and cable vision. >> amf, shorted name that did blow out n

she is a managing director at merrill lynch and principle. she became involved with teenage cancer through her friendship with musician roger daltrey. please welcome the chair of teen cancer america. [applause] >> thank you. i cannot tell you how this teaches my heart. i have known roger -- i just met pete, but have had the pleasure of the roger for a number of years. we opened a teenage kids are america at ucla that now houses 16 teenagers that have various stages of cancer, some inpatient and outpatient care did you cannot go there without feeling the fight they're going through and want to get deeply involved. i think you all for being here. i have my board here, which is amazing. we have put together a board that is unbelievable. everyone has been working nonstop to get to the day today so we could officially have the launch. teen cancer's mission is to improve the life of quality for the teenager who has cancer. through the works these gentlemen have done for the past 25 years, this is where we of come today that it is time to be in amer

she is a managing director at merrill lynch and profitable -- principle. she became involved with teenage cancer through her printer with musician roger -- through her friendship with musician roger daltrey. is welcome the chair of -- please welcome the chair of teen cancer america. [applause] >> thank you. i cannot tell you how this teaches my heart. i have known roger -- i just met pete, but have had the pleasure of the roger for a number of years. we opened a teenage kids are america at ucla that now houses 16 teenagers that have various stages of cancer, some in paid -- some inpatient and outpatient care did you cannot go there without feeling the fight they're going through and want to get deeply involved. i think you all for being here. i have my board here, which is amazing. we have put together a board that is unbelievable. everyone has been working to the day today so we could officially have the launch. mission is to improve the life of quality for the teenager who has cancer. through the works these gentlemen have done for the past 25 years, thi

of citi group and merrill lynch and washington mutual and aig and morgan stanley and jpmorgan chase,all of these giant corporations that knew right from the beginning they were too big to fail, and they were going to be bailed out by uncle sam. socialism, bailing out, communism. [laughter] attacks on derivatives, attacks on stocks comes off the huge volume of trading, computer derivative trading. last year, derivatives in terms of noacialal -- notional trading was 700 million. most people don't know about this. most people go to the stores every day to buy clothing. they buy furniture. they buy necessities of life. they pay 6%-9% sales tax, but, tomorrow, someone can buy $1 4urbgs million exxon derivatives on wall state and not pay a penny. that's appealing to liberal and conservative senses of fair play, not a penny. if they had to pay one-half of 1%, not 6% that you pay, 7%, but one-half of 1%, that's $300 billion with a "b," and france and germany, if they are not considering, they have a little what they call stock transaction tax. we had one in the 1900s, and, in fact, it exists

merrill lynch. bear stearns, bank of america, goldman sachs, goldman sachs, goldman sachs. everywhere you look to someone from goldman sachs. i realize they brought the wall street ideology within to government and one of the reasons why we saw this incredibly deferential ballot on such general terms to the very institutions that it brought down our economy and i realized my focus is going to have to be on more than just law-enforcement art has to be an advocate for the taxpayer to protect this program not just in the bank at the treasury officials who seem to be in different with the advantages they were giving to banks over everyone else. they think over the course of years we had a mixed success. we did a good job of limiting losses to fraud. as a law-enforcement agency was locked up for a criminal charges against more than a hundred individuals were trying to criminally profit off of t.a.r.p. which provides see how behind bars for 30 years for stealing half a billion dollars in funds. a recommendation notwithstanding the pushback to help protect and limit exposure to fr

merrill osmond. >> stephanie: we love out magazine. good friends with the owners and we love the work they do. oh, my god, is that jane lynching, aaron hicklin. >> caller: hi, how are you. >> stephanie: you have a big shin dig coming up in new york. >> caller: yes hurricane sandy almost blew us off course, but good folks here at media has done their work and we'll be on tomorrow evening. >> stephanie: that's right in marknew york city presented by buick. >> caller: that's correct. and the out 100 has achieved the recognition and stature and the magazine itself is 20 years old this year. >> stephanie: what a great year after the election result where is we saw marriage equality win at the ballot box for the first time. we've made so much strides in gay rights. when you started the "out 100". it seems likes like that's what is helping, when people know and admire a gay person somewhere and it's humanizing the issue. >> i call it the ryan murphy event. there is so much more gay presence in our culture now. yes, people we know directly, but also just through familiarization through mainstream culture through big tv shows and mu