it's the new technology, the new microsoft, the new cisco, the new everything, the new general motors from $100. that's the engine of growth. we're doing it all wrong in washington. i'm larry kudlow. dennis kneale, what you got cooking? >>> hi, i'm dennis kneale and i'm selling the hope. obama's health care got especially heated on this show last night. two liberal pillars of the democratic congress all but accused me of spewing out made up information. i said only 1/3 of the nation's 46 million uninsured actually need insurance but can't afford it and can't get government help. take a look at what happened next. >> i would like to ask -- >> too much of this debate has been dominated by half made up, mostly made up and completely made-up -- >> i resent that. i'm not making that up. we'll find the tape and send it to your office. >> you might not have made it up. that doesn't make it any less wrong, my friend. >> it' a member of congress. he's no more wrong than you. >> you just quoted something that's made up. that's the problem with this debate. >> where did he get this figure that o

i might be getting ill little nervous if i worked over at cisco. >> a new version costs $149. apple also updated its line of ipod touches. it did get a price cut. a new model sells for $299. apple also added a 64 gigabyte version. the other major announcement was an upgrade to its itunes software. dow futures something called home sharing, which makes it easier to share computers -- to share music on multiple computers. at&t is doubling its feet of its wireless network. subscribers in some citi will be the first to be upgraded. they will see faster download speeds by the end of the year. monopoly goes high tech. there will be an online version of the popular game that we use google maps. it promises to be the biggest game of monopoly. for more information, log onto the tech page at abcnews.com. those are your tech bytes. i aminita nair. >>> 5:21 is your time, 65 degrees. >> it is a game week in the nfl. that means someone somewhere will be talking some smack. we will hear what the big man had to say about the little giants coming up. >> later on "oprah," it is the season kicko

new there. google higher, cisco higher. moving moving into the chips base today. this is about the lows of the session right now, down 7.5%. downgraded over at credit swiss today. the stock's been fluctuating between positive and negative territory throughout much of the session. sandisk off deutsche bank upgrade on improving demand is what deutsche bank was talking about. vivus pharmaceutical off to the races all day long. 76%. and starbucks a winner up just about 4% today. they actually said that 30 stores that were slated to be closed had picked up in sales much better than expected. they won't be closed. the stock got a nice bump on that as investors think that is a good sign for that company's performance. checkpoint off .75%. let's go to rebecca jarvis. >> thank you so much, scott. it's been a very tense day here at the energy trading floor today. a lot of traders caught offguard today when oil saw that 4.5% pop basically on dollar weakness, the dollar hitting the lows for the year as far as currencies go. traders wi

it's creating a midge source of demand for all new networking-g not just for cisco's, especially as companies start spending again. that's where 3com comes in. it's also a play on the increased need for band width. we know from cisco that traffic from internet video to tv is expected to grow 97% compound, 203 to 212. streaming video to pc traffic, 52% compound annual. you need a play for this. you need networking equipment. that's the stuff 3com makes and that's what moves all the data. and this story isn't just about the consumer using the internet more and obviously from homes or smartphones. there's an unusual enterprise angle, enterprise being wall street gibberish for company. in order to use new technologies that make internet -- information technology applications more efficient, companies will have to upgrade their networks. there's virtualization now, cloud computing. that's -- salesforce.com does that, you know i like crm. this is not just a cheaper, smaller speculative cisco. there are areas where this company's actually doing better than cisco. no offense to john chambers, the gre

we have just under 100 employees, with offices in new york, washington d.c., chicago, and sanford cisco. we have a network of thousands of contribute dues and loggers who are actively building the conversations. >> being the kind of company you are, the vinita central office? >> different people will argue it differently from different perspectives. i think there is incredible value in the human touch. we have people who telecommute. when you can literally walk across the room and sit down with someone and have a real conversation about innovation or something you want to try, it is hard to substitutes. one technology we use -- the physical touch still has value. >> where did you get start up capital? >> we put together a group of investors and friends of mine. they are just good, honorable people who are trying to have a different kind of impact. it started with a conversation with an investor from boston who i have known many years. we brought together some great investors on the west coast who had tremendous experience in places like yahoo.com that have taught me a lot. about a year

. >>> apple shares rose 2% following news that its popular iphone will hit the shelves in china and france in the months ahead. cisco systems led the day on the nasdaq. the network equipment maker gained more than 4% after an annual upgrade citing demand from the telecom market. >>> dow chemicals received federal approval to sell off morton salt. that's all in an effort to raise funds to buy rome and haas down the road. >>> the average price for a gallon of regular gas dropped to $2.49 on monday, that's $1.13 less than it costs the same time last year. investors will be watching later this year when an updated consumer confidence report is released. consumer spending accounts for 2/3 of the nation's economy. >>> and finally, you know that wildly popular line of $95 dolls that's reached cult-like status among the 12 and under set? well, you know things are bad when the newest doll to represent a significant period in american history is homeless. that's right. when a recently released american girl doll is yet another victim of the current economic crisis. but the kicker in all of this, she still costs $95. no coupon

also a new camera coming to the ipod nano, and that could be a direct threat to cisco systems and its recently acquired pure digital, the makers of the popular hd flip camera. as well new additions to the itunes and apps store. significant numbers. we'll talk about them later in the show but apple seems to be really operating on all cylinders right now. the most important headline, steve jobs is not only back, he's in charge, in control and he was leading today's event. erin, back to you. >> thank you, jim goldman. apple shares meantime down 1.5%. market finding its way through that beige book, giving back a lot of gains. right now up just about 17 points. >>> next on the show, something you've been passionate about, some say sounds painless, others say definitely not. a small tax, .1% on every stock trade. could raise $100 billion or more. is it a good idea? >>> and more on the apple meeting. did steve jobs say enough? jim cramer with the trades and our 1,000% club. who's going over and over... going urgently... waking up to go... it's time to do what lots of guys everywhere have alr

cisco upgraded from overweight from equal weight at barclays. improving in europe and continued momentum in the united states. that's a new at cisco. getting back there. >>> all right. when we come back, a final roll call. don't go away. >>> guest host senator judd gregg, it's been great having you today, senator. we're going to have the final bill will have a public plan? >> yes. >> it will? >> some sort. >> it will be buried in all sorts of language, which says it isn't public but it will lead to a public plan in my opinion. the center of the doc

but cat, cisco and pfizer were all close behind in terms of the giveback today. goal miners like new mont in the materials space, down 6.3%. a few pockets of strength included ford, at&t and general mills, out with better than expected results. and then tomorrow it's research in motion's moment in the spotlight with their third quarter fquar quarter earnings. >> what did the fed mean, when did they mean it and why did the market sell off? is it helicopter ben ore king dollar ben? jim paulson of wells capital management, and cnbc reporters rick santelli and steve liesman. never has so much talent been assembled since thomas jefferson dined alone. jim, let me go to you first on this one. 170 will have point turnaround from up to down on the dow jones. in brief, mr. paulson what do you make of it? why did happen? >> well, larry, i think the fed left a statement today that i think sounds pretty good for the stock market. i think they bassically said they see the return of real growth without really inflation or interest rate pressure for the foreseeable future. i think the market initial

. >>> and as we head out, here is a look at some new 52-week highs today with hewlett-packard, hospira, and ciscoystems. and the dow is up 154.25. tion? at oppenheimerfunds, our fund managers' perspective on the numbers helps uncover opportunities no matter which way the markets are moving. ask your advisor about oppenheimerfunds. call your advisor for a prospectus with complete fund information. read it carefully and carefully consider fund investment objectives, risks, charges and expenses before investing. mutual funds are subject to market risk and volatility. shares may lose or gain value. oppenheimerfunds. the right way to invest. >>> s&p financials and how they have been performing lately, up another 2.5%. is that -- that's the last couple months here, up 25%. >> yeah. >> that's how the financials have done. we're going to have an s&p financial 200 hat made. >> perfect. >> we have achieved that now. >> vanity fair and "60 minutes" out with their first survey on the american consciousness. mike hogan joins us with the interesting results. welcome to "power lunch." i was shocked. the company

going up in price some people deserted and bought shares and cisco systems and levered up and collapse every time so the first step in the new regulation will be to somehow put a lit on the amount of leverage that financial institutions can engage in. >> while unfortunately we have reached the time in the program there is time for one last question. there have been several questions on health care and let me try to put them together if i can in 21. do you think a new health care reform package will adequately cover theninsured and the uninsurable meaning those with pre-existing conditions? will a new health plan include portability and is there a chan healthare reform in the obama administration will rece costs to the taxrs? >> the first problem you mentioned the fact there are people without iurance and it isn't portable, those problems stem from a single cause which as weely on private insurs to provideealth insurance. that is a failed business model effectively for this enterprise. the prhvate insurance companies imperative is to not sign up as clients people read medicare. they want to find all the people to ensure whoon

this should also put cisco systems in its recent position of flip camera on notice, that there is a big and new competitor in town. now, no beatles, no rolling stones, no mac tablet. and of course, those seriously deep price cuts and all of those might be reasons why we saw apple's shares decline just a little bit today. when you talk about those price cuts, apple has proven time and again that it can turn lower prices into better profits with that increased sales volume. and the company is planning on doing that this holiday shopping season. a complete rapup of all of today's events with a live blog and my takeaways, techcheck.c c techcheck.cnbc.com. >>> jim goldman, thank you very much. >>> i asked bill gates last night and today, during an interview, what's the next trend in technology? i said, is it mobility? he said, maria, mobility is so ten years ago. my exclusive interview with bill and melinda gates. talking about education, innovation and what he sees are the biggest long-term trends in technology. >>> it's been an incredible year for the financial markets. aig, former chairman and ce

new york stock exchange. let's look at some of the widely held shares. alcoa up in today's trade. home depot, walmart, hewlett-packard and cisco. there you see more of the technology issues. >> if you're banking on a near term correction, you might need to rethink the strategy. matt nesto doing a little work, why some investors are betting the rally roelts on. >> we're going to the zoo. we've got brown bears and we've got black bears and polar bears and grizzly bears. we've got now blushing bears, because this whole september seasonality argument has really not worked so well, right? truth is, if you talk to brian and read his report, if you look at the march low, this is what most of the investors are focusing on, this 55, 60% run-up, this is unsustainable, they would argue. but he's going to say if you normalize this and look at bear markets going back since 1970, this is what you need to be looking at, folks, is that we've really only regained about 1/3 of that amount we gave back in the previous bear market, which started two years ago. so catch me if you can. it's what we're going to call this one here. the bears, he point

new second easiearysecondaries, their balance sheet is still in traditional shape. >> let's move on to topping the tame. chip stocks jumping on the back of a citi upgrade. that cisco upgrade also helping certainly. looking at intel, that's the name that stood out on my radar. 1970. >> i'll say it again. look, i own intel, first of all. but i go back to when they raised revenue. the stock traded up to 20.5. it's effectively gone down ever since. concluding today frankly. pete will say we're building a base. he may have in fact be right. i will say that the price action leads me to believe intel doesn't want to go higher right now. we had an analyst on last week that says valuations are fair. it's got a different twist to it as well. i wouldn't blanket the chip sector. >> what happened end of the last week, we talked about twitter raising $200 million. you don't think people are upgrading servers that run businesses like twitter? they do exactly. that plays to micron and a lot of the semi plays where they need that additional memory. that's happening right now. that's why people are buying these stocks. because there's a lot of money sloshing around that people need

to fox news channel, a paid on air analysts and consultant, and you mentioned "the new york times" and focusing on ciscoystems and back in the 90's, and they made internet equipment expand rapidly, and cisco is envisioning double rate growth and the chairman is saying that he is anticipating quote slow hiring given the vigors of the growth ahead and doing it selectively. our last call is dennis joining us from massachusetts. good morning. caller: hello. my name is kenneth, good morning america. hey, i think that the stimulus package is a joke, and the republicans are a joke, and we should cast health care without their help. and should invest in america and the american people to work. we are carrying the bridges and roads and a new power grid for solar and wind turbine. we should have dona lot --- done a lot of things with that money. host: thank you for the call. next hour politics including new york politics and massachusetts and races in new jersey and virginia for governor, and we will have ruby joining us to talk about afghanistan and iraq and the middle east and how the president will respond to

cisco, for example, up 3% on the session. the oils are doing well. the dow industrials back above 9600 today. we had better than expected newsn the job claims report earlier. proctor & gamble saying sales would rebound in the fall. the nasdaq, the weak spots there include intel, among others. we do have, though, mixed markets. because google is doing well, as is amazon. ebay up nearly 4%. s&p 500 is higher. inching back toward the high of the afternoon. and that has to do with the financials as well as the banking sector. the auto is also doing well today. by the way, ge is down after two days of gains. >> time for the "fast money" "final call." with all this talk about technology, it's been a big mover this day, a big mover this week as well. apple hitting a 52-week high just yesterday. we had the news from texas instruments. today it hit a 52-week high as well. let's zero in on the tech trade with "fast money" contributor, john, co-founder of option monster.com. dr. j, good to see you. >> always great to be with you, judge. another wonderful day in new york city. >> eats's talk about this market. maria just read down some

cisco and steve odland of office depot. plus, the white house dismisses protestors and boycotts a news organization. whatever happened to reaching out to all americans? we'll ask our sunday panel, brit, mara, paul and juan. and our power player of the week, the legendary hope diamond as you've never seen it before. all right now on "fox news sunday." and hello again from fox news in washington. as you may have heard by now, president obama decided to do five sunday shows today, but the white house made it clear they had no interest in talking to us. more on that later. first, the nation's biggest community organizing group known as acorn was caught in a hidden camera sting, then saw both houses of congress vote to cut federal funding. we're joined by acorn's ceo, bertha lewis, and by one of its toughest critics, congressman darrell issa. we welcome both of you to "fox news sunday." ms. lewis, when those videos of acorn workers who were helping what they thought were a pimp and a prostitute first came out, you said the following, and let's put it up. we are their willie horton for 2009. we are the bo

cisco one of the best performers there, upgrade there. barclays we saw strength in american expression, boeing and bank of america, among the dow's big winners. tomorrow we have some key earnings news. walgreens reports before the bell. nike afterwards. and we'll get consumer confidence numbers along with the kay schiler home index. 964 million shares changing hands because of the jewish holiday. nevertheless, broad-based rally with the dow jones industrial average up 124 points. now back to my colleague, maria bartiromo. >> thank you very much. mary thompson. the nasdaq seeing a pretty good move on the upside. brian shactman manning the place at nasdaq. >> thank you very much. we finished up 1.9% up almost 40 points. slightly off the highs. take a look at the interday. we were up pretty strongly in the first hour of trade. it held up throughout the day. we had a tiny dip toward the end. a little bit of buying right at the end. almost got to 2% straight up. the top stories, apple up more than 2%. they're going to have the iphone m china and uk and 2 billion apps downloaded. the chips also very strong today. i want to point out the semiconductor up 2%. private materials, that upgrad

cisco, alcoa dragging the blue chips lower. g a and coca-cola are among the dow winners. >> i'm michelle caruso-cabrera.. here at the newe, what's the buzz down here regarding the president's remarks? we'll get trader reaction coming up. >> if you missed, it the president did make his push for financial regulatory reform during his speech in federal hall across the streetm where michelle is at the big board within this last hour. included in his remarks, a warning for wall street. listen. >> we will not go back to the days of reckless behavior and unchecked excess that was at the heart of this crisis, where too many were motivated only by the appetite for quick kills and bloated bonuses. those on wall street cannot resume taking risks without regard for consequences and expect that next time american taxpayers will be there to break their fall. >> our task force, including david trone, banking consultant burt ely is with us. and james papacoucus. we noted the last of enthusiasm as noted by the one time he got applause during this speech. this is not a happy crowd listening to the president, i gather. >> it certainly did

new york post." mr. shactman, how are we looking at the nasdaq? >> premarket indicators we'll open up, but other indicators show we'll open down. jeffries has nasdaq down. broadcom got a boost from cisco yesterday and a boost on their own today. a report out of the dow jones that dell executive says they will exceed their predictions for q4. baidu is testing a wireless service in japan. keep an eye on that stock. sequenom had a treatment for down syndrome, they fired their ceo, the head of r&d and the cfo steppeded down over that data. that's down 40%. >> democrats are set to introduce their climate change bill this week, set to carbon emissions and towards a greener sources. meantime china is is making a huge play to corner the financial global market it's getting set to make a $1 billion stake in nigerian oil. 23 different blocks that may be up for discussion. 16 are up for renewal. this would put them in direct co competition with many western powers like shell oil, like chevron and a number of others. we're talking about 6 billion barrels of, fwhun six barrels of oil in nigeria. that's of course africa's largest oil producer and one of the major suppliers to the u.s. meantime ener

news now. i'm courtney reagan. >>> live from the capital of the world, i'm matt nesto, in for mark haines. we are galloping along. the stock is higher 113 points on the big board. cisco up more than 4%, leading the way today. affiliated computer services being bought by xerox. the biggest overall mover in the s&p. good for 15%. on the nasdaq, virgin media, big winner there. almost 5% higher here today. erin? >> i'm on the floor with mary thompson. let's start with the dollar, which you're saying is very key today. >> well, what's interesting to note is f. we see the dow is just off the highs of the session. we're seeing a little weakening in the dollar index. we know the dollar has been weaker against the yen but we see the stock started to move higher, this continuation of an inverse relationship between the dollar index and stocks. so it's a dollar index pulls back, we saw stocks move to their session highs today. that's something to watch and something that we've seen happening over the past several weeks? >> terms of groups within, it's tech. >> techs are strong. also seeing strength in recent insurance but it's techs leading the we today. you can trace that back