let's go to the floor of the new york stock exchange and our own nicole petallides. as we see the market to the designside. we got a note from ubs floor trader art cashin calling it a monday meander. the dow is sitting at 16,400. s&p 500 as well -- 15,400. tech-heavy nasdaq is best of the three up one-third of

think on wall street right now, people are saying, no one ever got fired for choosing the new york stock exchange. now we are thinking the fact that they have an -- they have named the exchange, -- haven't named exchange, nasdaq has a fighting chance. >> which means there are going to be a lot more comparisons to facebook. what will twitter's ceo dick costolo do versus what mark zuckerberg did? >> one thing he will not do is go on the rich are doing a hoodie. what are the differences that we are going to see between the two ipos? >> just the professionalism of the ce. dick costolo is a real professional. i have always said that mark zuckerberg is in over his hoodie. i think he is. dick costolo is very familiar with the process. i think that is number one. in general, twitter knows what all of the mistakes facebook made. they are taking facebook's playbook for the accurate. >> less hype. there hasn't been much hype. >> they have managed to lead up to this very well. it clearly shows they are being very cautious about their ipo, taking all sorts of precautions here. >> confidential filing. everythi

nicole petallides on the floor of the new york stock exchange with sears shaving off more businesses be at nicole: we are taking a close look at sears on the news they may be spinning off. popular for racing gear. so here's the stock right now. up 9.8% for sears get in addition to the possibility of spinning off, they also may look for strategic option for their sears auto center. we'll see what the alternatives are for that. in the meantime, they continue to try and really make this company lean and mean. to focus on the core business. selling off assets, closing the most unproductive stores of all. we talk about sears and kmart under their umbrella and shedding assets. year to date is up over 40%. they face intense competition from names like target and walmart and online on amazon especially. so these are the conditions that sears is facing. they have since 2002. $1.9 billion, looking at that number as well. some of the things they don't need. liz: spinning off things you don't need but that could make shareholders money. stocks surging higher today as investors to just a slew of e

we've got the new york stock exchange, cme group and the nymex. ben willis, let's get right to it here. when i saw that the meeting had been postponed, i figured, here we go, and sure enough we lost about 20 points but seem to have retrenched a little bit. anything to be alarmed about at this point? >> no, unfortunately, because it is columbus day, there are very few participants in the market, and the edges changes around the world, particularly the new york stock exchange, has become a variable voting booth. we came in this morning voting, sending our vote to congress saying we are very disappointed that nothing came over the weekend. most professional investors bought some vixx before they went home on friday afternoon just as an insurance policy, and that insurance seemed to have paid off. this is where we come in, the market's near its lows n these stories that we're hearing or not hearing, quite frankly, on the rumor that we're expecting. and this little blip right here is when the president of the united states made the announcement of the

the dow is up seven points after a huge 300-point gameer yesterday and we will go to the new york stock exchange. >> new concern of chicken and why "consumer reports" says shoppers should prove it. enough is enough. d-con baits are specially formulated to kill in one feeding. guaranteed. d-con. get out. >> covering benicia, san ramon and all the bay area, a look at the bay bridge toll plaza where as leyla gulen has been reported it is officially light. look at that much of the metering lights did not go on. minutes ago, some are fearing many there could be a bart strike. but it is looking lite if you are headed that way. the government is allowing the california chicken plant associated with the sam tale outbreak do stay open but "consumer reports" is wanting shoppers of other brands of chicken in their refrigerator. >> we have learned the warning has expanded to other chicken brands produced at three foster farm plants listened to the outbreak many sold at safe way and "consumer reports" advises buying a chicken sold under these labels, safeway farms, simple truth organic, eating right, kirklan

that is four-character ticker symbol social media company listed on new york stock exchange. er the last year or two the new york stock exchange has maybe a better chance than they otherwise would have had in getting an ipo like twitter. tracy: scott, i'm going to ask you beth, what you jumped out at you as a negative when you went through the s-1? >> for me just the accumulated losses were kind of surprising. in addition, i thought it was noteworthy when you look at their monthly active user data, when you look at the u.s., it seems like they only got an additional one million users going i think from 48 to 49 million from q one to q two. that is really not a lot of growth for what is characterized as an emerging growth company. tracy: 218 million monthly active users, versus one billion on facebook if you need a little comparison. brian, what jumped out at you as a big negative. >> one, jumping ahead of sec comments. maybe they're pushing the calendar for financial reasons. the lockup expires october 24th for employees not executives. they might be selling to pay taxes based

we're also on the floor of the new york stock exchange also in the pits of the chicago mercantile exchange. mark, we have not seen a jump like this in a particular stock all year. >> we have been seeing data last week not only netflix but look at it grew goal or price line. bell half bad news but coca-cola or at&t inanities revenue high it continues to be the rally led by a handful of stocks. it will be tough for the market with some consolidation. liz: we are bringing in some new numbers. just under 1 million new members with the international streaming $9.9 million they have themselves a global business? >> that is the thing. where do they get these subscribers coming from overseas? those of the market's overall does that mean europe is doing better? possibly. that could filter down here as well. david: closing in on $400 per share it is 18 percent of the stock continues to jump. i know you have other stocks in mind but is netflix a bellwether for the ever sees subscribers? could that be an indicator of how other stocks could fare? >> i think so it is a great barometer to see how the rec

and twitter chooses the new york stock exchange over the nasdaq for its ipo. alan knuckman of trading advantage joins us now. alan, you are watching the d.c. drama. good morning to you. what does the market think? > >actually that's the only thing we want to focus on. focus on what the market's telling us. opinions and people's emotions don't matter. you don't make money predicting events. you make money predicting where you think the market's gonna go and using good risk reward and going after the opportunities when they're there. so we have to learn to look through these kinds of crisis. obviously this is a big big issue but i think the market is really shaking it off. we made new 13 year highs in the nasdaq yesterday. and we saw the s &p come back where it was only down 1% from the all

nicole petallides is watching that at the new york stock exchange. >> reporter: that's right. i have to tell you we're watching the facebook shares today, liz, pulling back some after recently hitting levels, new highs, right, that we hadn't seen. today pulling back 3%. there's some concern ahead of their report which will be due out on wednesday that they may be losing some domestic users. in the meantime, credit suisse actually didn't help this story because they actually put the price target now to $61. so we're watching that. when they raise the price target, really they still remain with a neutral rating, so there's certainly not this buy 'em up or move into $70 routine. we're starting to hear some worry and some concern about what we may or may not hear from facebook. we'll know the full story when they actually do report on wednesday. back to you. liz: a lot of good names reporting. among them, apple. apple reports results after the bell along with herbalife, a juicy stock, considering carl icahn was just with charlie gasparino. he's going to come down and talk about tha

lauren simonetti is on the loor of the new york stock exchange. >> this is an excellent day on wall street. the nasdaq is up a solid 2%. it is a winning day here. the level is 16.67.

volume incredibly light at new york stock exchange.t of this concern over what is happening in washington. but much smarter people are standing by to take you into the closing bell. i will throw it over to cheryl casone and david asman. >> nasdaq looking good. any, coal petroleum at the new york stock exchange. what happens is homebuilders go down. that is what happened today. >> that is something involved with homebuilders. 10-year at 2.56. what hit the homebuilders was survey from credit suisse pertaining to the fact there wasn't as much inventory and also, that they were seeing overall with the buyers. being not as interested because they didn't necessarily like the high prices. >> jcpenney, nicole what a week for this company. they fell below eight bucks a share. first time in 30 years. barclays downgraded them earlier this week. they have a lawsuit now. they can not catch a >> you still have people interested like forking soros,. david: tesla we got word after downgrade and you had the video come out. total damage was 10%. they wo

let's go to the floor of the new york stock exchange and our own nicole petallides. stocks are coming back to even. >> really interesting as we see the market to the designside. we got a note from ubs floor trader art cashin calling it a monday meander. the dow is sitting at 16,400. s&p 500 as well -- 15,400. tech-heavy nasdaq is best of the three up one-third of 1% at 3925. we got in our existing home sales numbers. we did see, we did see the markets moving on that. as i said right back to the unchanged line of the we continue to follow earnings and we made it through a lot of our older stories such as government shutdown and the like. tomorrow we'll focus on the monthly jobs reports. of course report and we focus on earnings and watching both mcdonald's and hasbro on the heels of their numbers. mcdonald's came in and turned out their quarterly revenue missed. they had improved u.s. sales but abroad the global numbers were weaker. that is why they did not do as well as hoped. hasbro on the move. new high which is worth noting but strength outside the u.s. but not nec

jane king is live at the new york stock exchange, jane? ing, tesla shares are lower again this morning. in fact, at the moment they're trading down about 1.25% after the battery fire incident in seattle smoked the stock yesterday. it closed about 6% yesterday and had been down more than that earlier in the day before investors learned a collision with what appears to have been some type of metal object started the fire. tomorrow's monthly job report from september for the labor department will likely be delayed because of the government shutdown but the weekly claims did come out. they are out at the lowest levels since may of 2007. markets nervous about the government shutdown and the impacts on the economy. you can see there we're trading lower across the board. and the bloomberg silicon valley index in the red. automakers offering help to the customers hurt by the government shutdown. nissan and infiniti offering to delay three months without extension fees and honda is offering to defer payments during the shutdown and to delay payment

but they have replaced the actual guy on the floor of the exchange swapping stock what was called then the post the various posts at the new york stock exchange were men would floor brokers would trade stock that's all been replaced by electronic virtual market making one a virtual market making this is where all the fraud comes in states is that in a virtual market making some area the orders to sell or buy are not represented by any human beings and that computers have no way to determine whether they're fake or not and that's why we see incredible manipulation that's why goldman sachs always whenever they're caught manipulating the stock market they say well we're making markets that's code for we have a virtual market maker committing fraud that you can't trace back to us because there's nobody actually doing anything on the floor of that has any accountability it's all fake it's all virtual it's all artificial ality art officiality and it's all what it's all. now today so this just is part and parcel of a growing. growing artificially ality well the pink slime of drugs maxes in our next headline and that's crystal meth bec

traders at the new york stock exchange, the cme group and, of course, the nymex. first to ben willis at the new york stock exchange, ben, you know, i don't think until today we really, truly saw how sensitive, how volatile the market is when it comes to the debt ceiling debate. but we are hopeful what happens tomorrow if this does not work out between the president and the republicans, ben? >> it won't be pretty. but this is a great example, you're going to want to save this in your files for an example of how markets trade on rumors. we've moved 200-plus points in the dow jones industrial average on a rumor that the government is going to finally do the job that we sent them there to do. it's kind of a quasi-voting booth, if you will. we're sending a very clear message to the elected officials in washington that this is what we fully expect you to do, and if you don't, you can expect what we have been doing in the days prior to this rumor. cheryl: well, you know, ben, our correspondent in washington, rich edson, who was just on with me, he's the one that broke the

news. but you never heard me say this. putting the pressure on a stock right now. nicole petallides on the floor of the new york stock exchange. what is this about? nicole: let's break the news right here. talk about the well-known of boots, ahead of this company. the shares are to the downside nearly 7% lower. there have been talks based on some surveys, warning the sales trend has been dwindling, and so now the question is if the company is using sheepskin substitute. that may be for some of the boots. do you want uggs if it is a substitute? maybe you do, maybe you don't. maybe he won't be able to tell the difference. in the meantime some people are saying i want the real deal, i don't want the partial sheepskin. the stock is under some pressure. up 57% in 2013. liz: all you have to do is talk to kids, they don't want the knockoff. nicole: i want the real thing. liz: thank you so much. in this second week of the government shutdown with the debt ceiling looming, investors and traders appear to be holding or selling. not really buying. traders at the new york stock exchange cme group and the nymex. then willis. we heard has

let's get right to the floor show, traders at the new york stock exchange, cme group and the nymex. nicole on the floor of the new york stock exchange, we were just talking about some big moves as they pertain to earnings. obviously, ibm is a leader in this list. >> reporter: right, a leader in a laggard way, and what we're seeing is the dow jones industrials to the downside today, and if it weren't for ibm, it would be a different picture, we'd be positive today. you've got to take a look at the s&p 500, it's up one-third of 1 %. the dow really is not a great gauge of today. ibm is down almost 7%, the revenue numbers completely missed analyst estimates, so you can see that has been to the downside. also some other names that have been on the move, for example, goldman sachs has also been weighing on the decline, quarterly revenue there. fixed income decline was larger than expected, and then there was verizon, third quarter net was up 40%, wireless subscriber growth, good news there. but you know what they saw with the iphone, the iphone 5c sold under expectations, no surprise there

mark newton from the floor of the new york stock exchange. e jobs report delayed though it was, set the tone this morning and stocks are up. likely the fed pushes that taper beyond what even most people were expecting before the report. >> that is what is interesting that the jobs report came out and it was somewhat abysmal and markets are jet again at fresh highs. we backed off the highs to some extent. nasdaq was briefly negative. at this stage of the rally it will be tough to chase growth names that had very big runs. stocks like netflix are still down $60 from earlier highs. you see things like u.s. dollar hitting fresh lows. crude oil breaking reports. right, the 10-year is getting hit as well. that is moving down across the curve in any number of different maturities. >> mark, that says to me the fed will have real tough time with exit strategy here. that is to your point why the market is rallying, right? bad news is interpreted as good news. so with the fed likely on hold for, you know, say qe infinity, do you agree with that or do you

let's head over to the floor of the new york stock exchange. know there are some down taros now, lauren simonetti. but lauren, you may have noticed we were talking about facebook added to the fox 50 index. got another boost today,? >> it did. down arrow, got a boost from upgrading facebook to neutral, pointing to momentum in online advertisements. when facebook reports after the closing bell today we'll know a lot more about that. we'll see if there is another magic mobile moment as there was in the prior quarter for facebook. this is a stock that is on a tear. over the past 52 weeks it is up 125%. lots of people really wishing they got it on facebook buzz when it was at a low. so we'll give you earnings after the bell. so you have the estimates we're looking at 19 cents a share on revenue of $1.9 billion. back to you, nicole and adam. nicole: great stuff. revving up on the street,u very numbers to know as automakers, general motors, ford and chrysler reporting their earnings. nicole: adam, how about this one? 50 ducks walk into a cvs. this i p

tracey: is a quarter till time for stocks at the new york stock exchange.fourth quarter earnings after the bell wether you looking for? and passed to be more than how many phones they sell. >> in coming up with the reason for disappointed i don't expect this to be different. people are always burned on that and i will caution people there is a lot of under currents in the gap performance carl icahn in its involvement another reason not to sell the stock on the news. to talk about apple's earnings going into this quarter they will not be reflected greatly that they will come in line or surprise a little. it was really quite interesting as a shareholder. to talk about a redo or repackaging. but i'd like to see what we have been hearing about with this tv come to life. may be the watch come to life. compare what they talk about doing with their watch as they did with the amazon can go. steve jobs said amazon kendall was a great first evolution product but they have redone it with the ipad of would like to see that with so watch so it is wait and see as said sh

but they have replaced the actual guy on the floor of the exchange swapping stock what was called then the post the various posts at the new york stock exchange were men would floor brokers would trade stock that's all been replaced by electronic virtual market making a virtual market making this is where all the fraud comes in stacy is that in a virtual market making some area the orders to sell or buy are not represented by any human beings and the computers have no way to determine whether they're fake or not and that's why we see incredible manipulation that's why goldman sachs always whenever they're caught manipulating the stock market they say well we're making markets that's code for we have a virtual market maker committing fraud that you can't trace back to us because there's nobody actually doing anything on the floor of that has any accountability it's all fake it's all virtual it's all artificial ality artificiality and it's all what it's all. now today so this just is part and parcel of a growing. growing artificially ality well the pink slime of drugs maxes in our next headline and that's crystal meth because the

nicole petallides is on the floor of the new york stock exchange. blackberry getting a nice boost today. what is behind it? nicole: it is, really bucking the trend. we talked about to potential suitors and now seems there may be some more interest in blackberry, at least parts of blackberry. as enough to give it a 4% boost and putting it to the $8 mark. nowhere near the $18 mark it was in january but now gives that momentum here today on a day we're seeing selling. some of the suitors and buyers may be google, cisco and sap. there was some talk about samsung, but moments ago we got some news the spokesperson said samsung is not considering the acquisition of blackberry, but they may be interested in part, selling parts of blackberry, so we will see. don't forget fairfax. a lot of talk and some of the analysts say to hold onto your blackberry shares. lori: not a done deal yet. adam: president obama spoke moments ago on the need for congress to act to stop the government shut down. here's what he said. president obama: the truth is there are enough re

back to you. >> gigi stone of the new york stock exchange. thank you very much, gigi. >>> coming ouptown "morning news," indycar crash. cars go flying leaving an indy driver badly injure and fans in the stands. this is the "cbs morning news." beat down. crushed. as if the weight of the world is resting on your face. but sudafed gives you maximum strength sinus pressure and pain relief. so you feel free. liberated. released. decongested. open for business. [ inhales, exhales ] [ male announcer ] powerful sinus relief from the #1 pharmacist recommended brand. sudafed. open up. into an easy dinner with crescent dogs. just separate, add hot dogs, cheese, roll 'em up, and bake. lookin' hot, c-dog. pillsbury crescents. make dinner pop. i'm, like, totally not down with change. but i had to change to bounce dryer bars. one bar freshens more loads than these two bottles. i am so gonna tell everyone. [ male announcer ] how do you get your bounce? [ woman ] time for change! >>> firefighters built containment lines sunday to try and stop the wind-whipped

nicole petallides on the new york stock exchange who has vacation on her mind. nicole: why not. ybe your vacation. three names in particular hitting new 52-week highs today. looking at royal caribbean and starwood. these names are doing very well. they raised their full-year guidance, and they remain bullish. southwest airlines lower fuel cost which helps to boost their revenue despite the fact traffic sled some in the later quarter. third-quarter earnings fell slightly, but revenue beat the expectation, raised their guidance. they are very temperamental overall. carnival in particular has had some pr issues. >> that is putting it mildly. our next guest has found a way to target you add your heaviest and use those as a reward. looks like you got a hall pass to come here today. i know you are of legal age and you can have a cocktail, but you came up with this idea a while ago, right? you can't get points for playing games. >> we tap into moments in their lives. even logging a workout, in those moments we said why not instead of slapping you in the face with an ad, why not recogniz

stocks kind of down on the news about painkillers. nicole petallides down at the new york stock exchange. ut boeing and lockheed martin. nicole: both are actually hitting new highs. boeing and lockheed martins are teaming up. this is for a big deal. it is a new program from the pentagon. $550 billion program. you do have boeing and lockheed martin teaming up for this one. ashley: thank you very much. janet yellen's nomination for bed chair is on hold. peter: senator paul big critic of the fed. he is considering putting a hold on yellin's nomination. he said in a statement today, " as part of my consideration, i wrote request a -- the american people deserve transparency from the federal reserve and the federal government as a whole." her critics are right behind her. a conservative group opposes the easy money policies as inflationary. two weeks ago, the group launched a website that includes a video and online petition. the group plans to go up and bobby senators to vote against yellen and they think they have a shot. >> opposition to the federal reserve nomination is really a new thing.

. >>> the new york stock exchange performed a test run of the release of the ipo. those problems are said to be one of the big reasons the new york stock exchange won the trade instead of the nasdaq. >>> cnet reports the building could be a new floating center. a similar structure is entering construction across the country in maine. so far google hasn 't confirmed or denied that the barge is theirs. >>> that was 49ers running back frank gore scoring the first touchdown today. the niners had been there all week and today they played the jacksonville jaguars before a huge crowd. coming up later in sports wrap we'll have highlights. >>> a mother and four children stabbed and killed. tonight what we're learning from new york police about a family member in custody for their deaths. >>> the famed hollywood signs getting bad reviews from neighbors. while their demand to have access restricted probably won't be heard. >>> police in new york city say a family member has admitted to the stabbing deaths of a mother and her four children in brooklyn. the police chief said the

wendy gillette is at the new york stock exchange with that and more. good morning, wendy. >> good morning, anne-marie. asian stocks rebounded on news that china's surfaces industry continues to expand. tokyo's nikkei added a quarter%. hong kong's hang seng gained 1%. >>> with the government shut down beginning to bear on investors, wall street endured a down day, with stocks finishing at their lowest in a month. the dow ended the day another 136 points. while the nasdaq shed 37. >>> aluminum giant alcoa reveals its earnings report today. it comes a day after an analyst lowered the target for the company due to a recent fall in aluminum prices, sending the stocks falling 1.4% before trading. big banks will begin releasing their reports on friday. >>> americans will be keeping their credit cards in their wallets. cutting back on spending for the third consecutive month. americans' credit card debt fell $883 million to about $860 billion which experts fear could stun economic blow. the overall borrowing increased to a record $8.6 billion in august. driven

gigi stone is on the new york stock exchange with that and more.ng, gigi. >> good morning, asian stocks are mixed after komatsu the world's second largest equipment maker cut theirs. u.s. markets are paying close attention to the two-day federal reserve meeting that starts today. no big change s expected in the fed economic stimulus program. the dow is down more than a point. the nasdaq closed down three points. apple earnings fell 9% during its latest quarter. it's the third consecutive quarter in which apple earnings have declined from the previous year. apple sold more of the top moneymaker the iphone but people are buying new lower-prized models. for the year, apple's model dropped about 25%. >>> in housing news, many americans who bought existing homes fell in september to its lowest level in nine months. this is according to the national association of realtors. its seasonal adjusted home sells dropped 5.6%. analysts blame higher mortgage rates and home prices. >>> "consumer reports" released its 2014 rankings for auto reliaility. japanese br

gigi stone is at the new york stock exchange with that and more.gigi. >> good morning, anne-marie. asian markets finished higher on the expectations that law firms will negotiate an end to the government shutdown. tokyo's nikkei added a quarter percent. hong kong's hang seng gained 1%. chief executives of the largest financial firm met with obama yesterday pressing for a resolution to the budget standoff. the dow jones lost 58 points, the nasdaq was down three points. >>> tesla, the electric carmaker, says a fire that destroyed one of its expensive model s cars was caused when a metal object hit one of the car's batteries. shares of tesla motors fell more than 6% when an internet video showed the car on fire. it was the stock's biggest decline since july. the driver said he struck something on the road. >>> the empire state realty trust said it raised more than $750 million in its initial offerings. the investment track owns the empire state building and 11 other buildings in new york and connecticut. it sold 71.5 shares for $13 a share. >>> it is

business and foxbusiness.com and was the first to report twitter was leaning towards the new york stock exchangeto the nasdaq and the nasdaq is the traditional place that for years did all the major tech ipos, microsoft, apples on the nasdaq, this is a huge win for the stock exchange. why did this happen? pretty clear that technological issues have been hit with plus the fact that the twitter ipo, the facebook ipo in 2012 didn't go off that well. that was a problem and that is being generous and they can and said this cannot screw up. twitter is a different company than facebook. i am not tech expert. shea could give you more. lori: she is much cuter. >> what i'd do know is if you look at facebook, a much bigger company, making a lot of money. and offering -- even a big company making money, they can bounce back from us grew up which they did. shares are up dramatically. i don't know if a company that is in the red like a twitter which has a disastrous ipo can take the chance that this ipo, this idea is not going to be as big, the company is not as big, it is losing money and this idea cannot go

welcome to the new york stock exchange. other people want to make friends, i'm trying to make you money. my job is not just to entertain you but to educate and teach you. so how has this market lost its mind? the dreaded government shutdown we've been fretting about constantly goes in effect at midnight last night? and what happens? we barely bat an eyelash. dow gaining 62 points, nasdaq advancing an awesome 1.23%. hitting one more 13-year highs. what the heck is going on? could it be mm2k? the fact that tonight is the 2,000th episode of "mad money"? hey, look, not likely. so how is it that we rallied when the very thing that had been causing the market to sell off last week into yesterday finally came into effect? well, jim, i'm glad you asked that rhetorical question. because the way stocks are reacting to the actual government shutdown is a terrific example of how the market works. and just as important, it gives us a chance to explain what it is we really do here on "mad money" for this, i still can't believe it, our 2,

let's head back to the floor of new york stock exchange to check in with nicole petallides. of parent company, 20 first century fox. there is news today. >> i'm keeping close eye on the stock and headlines as well. we'll put up the stock for you at 34.45. it hit a new high of 34.59. it has been a winner recently. the latest news is that rupert murdoch has been reelected, 82 years old being has been reelected as fox chairman and ticker symbol here is foxa. the fact that btig upgrade the stock to a buy from a neutral. big news as the stock moves higher on the news of rupert murdoch being reelected. over last three months or so the stock gained 10 1/2%. back to you. lori: we'll take it literally. thank you, nicole. >>> ipo on the horizon. arian foster going public. the plan would allow to basically purchase a share of the houston texans top running back future earnings. foster will receive $10 million, what a capitalist, in exchange for 20% of his endorsements and other brand related income from february 2th growing forward in perpetuity. they plan to sell about one million sha

gigi stone is at the new york stock exchange with that and more. good morning, gigi. >> good morning, anne-marie. this afternoon president obama is expected to nominate janet yellen to be the next chair of the federal reserve. yellen is currently vice chair of the federal bonk. she'll succeed ben bernanke who's been at the helm for eight years. yelllen's behind federal efforts to keep interest rates near record lows to support the economy. economic observers say her nomination could be a steadying influence as washington fights over the budget. >> if you're worried about, you know, the craziness that might happen in the next two weeks you're looking at yellen and saying, boy, here's an adult in the room. >> reporter: if confirmed by the senate, yellen would be the first woman to lead the fed or any other major central bank in the world. >>> asian stocks were mixed. tokyo's nikkei added 1% while hong kong's hang seng lost half a percent. wall street faired worse over the shutdown. yesterday the s&p 500 fell 20 points while the nasdaq fell 756789 bot

gigi stone is at the new york stock exchange. with that and more. good morning, gigi. >> good morning, anne-marie. asian stocks were flat. markets in china were closed for a national holiday. tokyo's nikkei gained a quarter percent that's after confidence grew to a six-year high. south korea's kospi rose a fraction. the dow jones industrials lost 128 points. the nasdaq composite was down 10 points. significant damage to the economy isn't likely unless the government shutdown lasts more than a few days. for now, most investors aren't panicking but market analyst liz ann sonders said that could change. >> given this latest dysfunction around a potential shutdown and for the debt ceiling shutdown, i would expect another hit with consumer confidence, business confidence and even investor confidence. >> during the last shutdown 17 years ago, the s&p 500 federal nearly 4%. but the month after the shutdown ended stocks rebounded 10.5%. just the prospect of a government shutdown sent oil prices lower. benchmark delivery dropped 54 cents to $191 a barrel on

strong earnings powered stocks higher friday, and the s & p 500 begins the new trading week at a record high. the dow rose 28 points, the nasdaq climbed 51. >>> the new york stock exchange isn't taking any chances with twitter's public offering. it will allow trading firms to conduct a dry run of their systems. the new york stock exchange wants to avoid technical problems that hurt facebook's debut in the spring of 2012. the glitches were a maybe embarrassment for nasdaq and resulted in a big fine. >>> and apple is expected to unveil a thinner, faster ipad with a fingerprint sensor next week. the ipad is apple's second biggest moneymaker. for the latest business news follow me on twitter @alexis cbs news. >>> a look at some of the glitches that many have encountered trying to log on and get insurance coverage through the affordable care act. first alert forecast >>> 4:44. we have got a frost advisory in effect west of town and northwest of town. upper montgomery might be included in this as well. we are seeing temperatures in the mid to upper 30s. you need to be in the mid-30s so some of the surfaces like car tops or grass blades they can get frost to form on them. our

gigi stone at the new york stock exchange. ank you, gigi. >>> well, coming up on the "morning news," nearly one year after superstorm sandy. we will show you how some storm victims in new york are preparing for the next big one. >>> and later, lou reed takes his final walk on the wild side. we remember the rock and roll pioneer. this is the "cbs morning news." pioneer. this is the "cbs morning news." . but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic bronchitis and emphysema. it should not be taken more than twice a day. symbicort may increase your risk of lung infections, osteoporosis, and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'

gigi stone is at the new york stock exchange with that and more. morning, gigi. >> good morning, anne-marie. now, bank of america has been found liable for mortgage fraud. a new york jury returned its verdict yesterday after a month-long civil trial. at issue mortgages the government said were sold without regard to quality. they were sold by a division of the bank called countrywide financial. bank of america denied there was any fraud. >>> and more trouble for the nation's largest bank. federal officials plan to take action against jpmorgan chase over the bernard madoff ponzi scheme. jpmorgan was madoff's main bank for two decades. federal officials claim jpmorgan failed to do due diligence or report suspicious activity. jpmorgan says there's no evidence that anyone knew about madoff's illegal dealings. >>> asian markets were mixed after china's money markets shot up. tock owe's nikkei added half a percent. hong kong's hang seng lost half a percent. some corporate earnings sent the stock lower on wall street. the dow lost 54 point, the nasdaq fel

news keeping pressure on stocks in the red. keeping an eye on apple after the bell. on the floor of the new york stock exchange. t complete report in your mind? >> i think it is probably right. a lot of people looking at apple and facebook. both stocks have had a big move in the past month. in the last few hours. overall very little sign of weakness in the tech companies. what is interesting as you are starting to see a shift into the defensive sectors a lot of people are not paying attention to regardless of the fact the market has been strong. consumer staples up more than a percent. as well as telecom, but it is sort of interesting when stocks have gotten a little bit overbought. sure, all eyes will be on apple, and we will see if we can continue higher. dagen: thank you, mark newton at the new york stock exchange. connell: a basketball related story. the nba has teamed up with samsung for the tablets and monitors courtside. three-year, $100 million deal makes sense on the official provider of tvs and tablets for the league tomorrow night the nba season getting started, good technology. dagen: some 100 millio

they will be lting on the new york stock exchange. ly we only knew it would be a ticker symbol of twtr. wenow it is new york stock exchange. this was comg from an updated s-1 regulatory filing. we will get more information for you. this has been a long battle between nasdaq and twitter. nasd even was still trying to coax twitter into listing with them throughout the entire process, even throuout the new s-1 filg we just got recently of the so this is a very big deal a big win for the new york stock exchange to be listing twitter under t ticker symbol, twtr. melissa: a big blow for nasdaq. thank you so much, jo. >> no problem. melissa: samsung's curb galaxy round phoneelook sexy but without batteries to make them work you're looking at expensive papereight. that is battees inside some of tech's newest advancements caught the eye of investors and consumers ali. weay be focused on the wrong side of innovatio joining me on the break-throughs is tyson slocombe. so,ighs on son, lg samsung are both working on curved batteries. doesn't that de

gigi stone at the new york stock exchange.so much, gigi. >>> well, four football fans who fought outsiede sunday's jets "patri /patriots game have been charged with assault and disorderly conduct. they were all banned from all events at metlife stadium. video shows the new england fans fighting with pesky who then punches one of the women in the face. pesky's attorney says the evidence will vindicate his client. the jets fan spent nearly three years in prison for stabbing a man to death in 1992. >>> now, a texas high school football coach is being investigated for bullying after his team ran up a lopsided score over another school on friday. alito defeated western hills, 91-0. well, after the game a western hills parent submitted a formal complaint that the bloiout amounted to bullying, however, alee to coach when buchanan benched his stars after 21 plays and allowed the clock to run after halftime in order to get the game over with. western hills coach says he disagrees with the bullying allegations. >>> when we return, napa

we will go to jane king at the new york stock exchange. w york stock exchange. >> the change for [ male announcer ] it is more than just a new car... more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing. security,ing the 2014 s-class. butalk to the leader. tyco integrated security. we'll create a solution customized just for you. and you can manage it all right from the palm of your hand. >>> covering benicia, san ramon, san mateo and all bay area this is abc7 news. >> welcome back. we have a better ideas of the financial toll the latest bart strike took on san francisco restaurants. they took a $3 million hit during the four-day strike according to restaurant consulting firm. they say the average restaurant lost $5,000. on monday, alone, restaurants saw an average of 16 percent drop in business. >> welcome news for bicyc

adam: meridian equity partners on the floor of the new york stock exchange. thank you for joining us. it is good to see you. how do you make heads and tails of this back and forth. is this just posturing? >> it is this typical actions we see come out of washington and the market has the typical reaction to that kind of movement. we have two parties that are posturing as to how this is going to play out. it seems to us this is not going to get accomplished in time, this is going to go through the deadline. we are hoping soon after that there will be some sort of solution it in place. the big question is if we go through that timeline, what happened to the market? that has helped our market right now find where its range needs to be at this point. if we do go through this deadline at the market seem seeo take that as very negative news, we will see a retracement in this market but my standing as they built enough into this market so if we take a step back, over a period of time, it is still going to look okay. >> usually it is the investors and the people who d

we will go to the new york stock exchange and jane king next. >> the investigation into the death of a stadium worker take as new turn and the probe is being >>> covering novato, oakland, sunnyvale and all bay area this is abc7 news. >> state investigators are re-opening the case into the death of a worker at the new 49ers' stadium in june. the decision is being reversed that no violation occurred. what does to mean, matt, from osha? >> some changes are taking place after the most recent deaths last week. you can see workers have arrived this morning. a worker say they pushed back the start time to 7:00 so there can be more light at the construction site. osha is re-opening the regulation into the death of 63-year-old don white, an experienced mechanic worked for a subcontractor when he was killed by the counterweight of an elevator. osha said he was aware the develop variety -- the old variety -- saying the elevator was working. the investigation into the 14 the debt of edward lake is continuing after a bundle of rebar being unloaded fell off the side 69 truck and on to him. a spokes