s&p. down 7%. >> well, it could have been. david einhorn on "squawk box" this morning talking about moody's and s&p, losing a verdict that they are not allowed to use free speech as a defense for less than stellar research. >> pop here for -- >> it's mcdermott here. credit suisse upgraded today, raised the price target to 31. they talked about their nuclear potential. a-ha. stock broke down to 32 last september. i think that's where it goes. >> and i know, by the way, fyi, mcdermott. >> i know. >> manitowoc. >> nucular. >> pop for mccurry. a malaysian restaurant wins an eight-year trademark battle overt use of the m-c in its name. malaysian chicken curry and the mccurry. and says mcdonald's does not have a monopoly on the prefix mc. what's next? >> i'm confused. >> mctowels. >> i knew you were going to pull that one, pedro. >> pop for harley-davidson, hog, up 8%. >> they raised the price target. also talked about the improving sales from july to august from down 30% to only down 15%. you've got to like what's going on. plus the new ceo, they like the new management team. big pop today. >> allegheny. >> this is one of the name

happening today, the way that some of these structure products are still being rated that maybe moody's or sn't remember which one he was talking about -- aren't necessarily following their own guidelines on ratings today. >> that's correct. we have these whistleblowers that come in to talk about what's really going on. we want to get a handle on this. because people are really, really hurt about what occurred. so, we have a hearing today to sort of look to see what information we can collect and what we can do to turn this around. to me, you have to look at the structure itself, the fact that they're being paid to make a decision and to do -- give a rating. of course, they're being paid by the people that they're rating. that, to me, is something that ne needs to be reviewed. >> congressman towns, it seems to be emblematic of all the things that are going on now, public versus private, and trying to square the two. some sort of public trust along with the benefits of private enterprise. who else are you talking to today? give us some idea of who you will be calling to provide some testimony

moody's share price is down 14 percent since the california investigation was launched. the stock of s&p's parent company, mcgraw hill, which includes businessweek magazine is down seven percent over the same three days. online items after the show, head to our website firstbusinessx.com and type in charity to see how one non-profit organization that helps teens is weathering the recession. plus, why uncle sam may help out of work americans receiving unemployment benefits for an additional three months. and...hear why one viewer thinks unemployed parents may be setting a bad example for their children...you can find it all on our website, first businessx.com. and coming up on the show.... we catch up with rock band kiss to discuss music and money and their new venture with the world's biggest retailer...that's coming up next after this in-the-know message. for 35 years, the rock band kiss has redefined music and money. the band is best known for its make-up, but it also is a booming business with more than 25-hundred licensed products ranging from video games to board games. and the gr

and the s&p, two financials duking it out for the top and the bottom spot. moody's down 20%.nd back and there and back again. up 11% this week. interestingly, the transports, the dow transports, not surprisingly, i guess, given the kind of cyclical retreat we saw toward the end of the session here today, the dow transports were down about 4.3%. so much worse than the dow and the s&p. conway down about 15%. but yrc, little yrc trying to make a comeback, up about 15%. and lastly the russell 2000, chelsea therapeutic just blowing up 15% and perot systems of course acquired by dell. back to you guys. >> great summary, matt nesto. thanks so much. thanks so much for watching. "fast money" is up next. you have a very good night. >> announcer: this is cnbc.com "news now." >>> world leaders at the g-20 summit in pittsburgh agree to maintain stimulus programs until a recovery is assured. in the 95th bank failure of this year, regulators closed atlanta's georgian bank. its $2 billion of deposits will be assumed by first citizens bank of south carolina. >>> and the "wall street journal"

a big question has been with both s&p which is the mcgraw property and moody's.ose rating agencies, what went wrong, what was the problem? there are some people who accuse fraud. listen to what terry mcgraw had to say earlier today when we asked him what went wrong. >> from our standpoint on the regs dengs mortgage-backed securities and the commercial mortgage-backed, we had the housing recession wrong. now, the fact that a lot of other people had it wrong doesn't help, but we don't like that, and those -- that's where our problems began. >> there's a lawsuit that's been moving through district court in new york where they've thrown out 10 of 11 counts. the one that's still sticking around with fraud. terry mcgraw said fraud is not happen in our house. >> i don't know what the details are from a legal perspective, but i think the big picture here is a lot of people rested their case on the idea that we've had 30 years of data with no systematic decline in home prices across the united states, and they just thought that could not happen. i think what last year pro

s... p.m.s. for the last eight years has been awful. i'm much more irritable and moodye to try keep it cool and i love it. i also felt a burst of energy. i didn't have the irritability that i usually do. >> you wanted to drink the bottle, you didn't want to throw it at someone, yeah. >> exactly... able to sleep as well. i slept a lot better. thank you. i'm really excited about this product. >> o.k., so, dr. bob, o.k., she just brought up a really interesting point to me. she talked about perimenopause. what would you tell mindy, say, about perimenopause? >> well, the great thing is that gem is treating the symptoms of hot flashes, night sweats and irritability. because of that focus, this product is extremely useful for perimenopause, hysterectomy, menopause, post-menopausal hormonal imbalances. >> marie: pretty amazing, huh? hoo! love that. [applause] >> women: ♪ gem... keep it cool. ♪ >> this is an answer, this is a solution to a problem that affects millions of women every year. >> once you get rid of night sweats and hot flashes and irritability and sleepless nights

within one week of closing date parents shall receive from s&p a reaffirmation of bbb minus or higher. from moody's a reaffirmation under their system what just be investment grade. as for acs, i believe that is up -- well, we don't have t we'll take a look at it later during the course of the day. scott, back to you. >> david. speaking of deals. pfizer receiving chinese antitrust approval for the pending wyeth acquisition, up 30% since the march bottom. jeffrey kindler talks about the challenges ahead for this company including a $2.3 billion fine in tonight's new cnbc series executive vision. >> i very, very much regret the conduct that led to that conclusion. that involved a drug that was pulled from the market about four year ago. we act nothinged the misconduct. since the time that occurred, we've made significant improvements in enhancements our compliance systems as we sit here today, we engage in extremely robust training, with vi a compliance officer that reports directly to me. >> but does that change the culture and the values? >> at great question, symons many. we're working on it all t