that's this edition of 60 minutes on cnbc.

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welcome to 60 minutes on cnbc. i'm lesley stahl. in this edition, we look at the business of powering the planet. we meet a group of overnight millionaires getting rich from gas dug out of rocks. we also take a look at the financial promise of an emerging science known as synthetic biology. and finally, we examine an alternative car fuel that you probably never heard of: laptop computer batteries. we begin with an unconventional process for extracting natural gas from shale, a dense rock formation two miles underground. it's being touted as the hope of the future, the answer to our energy problems. and if you're sitting on top of it, you may become a new american phenomenon: a shaleionaire. and yet, as we all know, exploring for energy has safety risks. but as we first reported in the fall of 2010, that can get lost in all the excitement. what's increasingly evident is that shale gas is overwhelmingly abundant right here in the usa. >> in the last few years, we've discovered the equivalent of two saudi arabias of oil in the form of

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. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at two of the topics dominating the american economic landscape: jobs and taxes. first, we meet with president obama's so-called jobs czar. then we visit a struggling town in the heartland. and finally, we take a look at a controversial income tax initiative in washington state. in the first decade of the 21st century, big american firms cut around 3 million jobs in the u.s., while adding almost as many overseas. no company went global more aggressively than general electric, the conglomerate that makes everything from refrigerators to m.r.i. machines to jet engines. yet as lesley stahl reported in october 2011, when president obama was looking for someone to help get americans back to work, he recruited a most unlikely candidate: the republican ceo of general electric, jeff immelt. >> the mood is dark. people are pissed. why not try to do better? >> jeff immelt talked about his czarship at a gathering of g.e. managers. >> you know, i grew up in cincinnati, oh

the debate starts in one hour but the fireworks begin right now on cnbc. >> vice president joe biden, representative paul ryan, their one and only debate. tonight, all issues are on the table, starting with the economy. >> hey, talk about this great recession that they acknowledge as if it fell from the sky. >> he inherited a tough situation. the problem is, he didn't make things better. >> in a key interview today, cnbc provided a forum for the left, right and big business, as the united states speeds towards the fiscal cliff. >> there's nothing that will allow the fed to compensate for a total advocation of fiscal responsibility. >> they believe honestly that no congress could be this stupid and by god they can. >> we should be asking these guys running for president and every guy running for congress, what are you going to do? >> tonight, paul ryan and joe biden will have to explain. now, once again, carl waand bec. >> as the audience starts to take their seats in kentucky we want to run through what will be our pregame tonight for a vice presidential debate that has taken on much

, that is a monster stock. >> just ask cramer. >> making money, cramer. >> "mad money" weeknights on cnbc. how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. but they haven't experienced extra strength bayer advanced aspirin. in fact, in a recent survey, 95% of people who tried it agreed that it relieved their headache fast. visit fastreliefchallenge.com today for a special trial offer. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios >>> the only way to generate consistent

answering the call of cramerica, weeknights 6:00 and 11:00 eastern on cnbc. have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> here's a serious conundrum, how on earth are you supposed to pick stocks for the long haul when sectors are going in and out of style in the wall street fashion show? how do you buy something when in reality that's not the way the game has started to work anymore. there are very

answering the call of cramerica, weeknights 6:00 and 11:00 eastern on cnbc. questions? ional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ phillips' lady ] live the regular life. phillips'. >>> here's a serious conundrum, how on earth are you supposed to pick stocks for the long haul when sectors are going in and out of style in the wall street fashion show? how do you buy something when in reality that's not the way the game has started to work anymore. there are very few stocks you can just keep on riding higher and higher. year after year, but when you find them, they are the holy grail of investing. and those don't go in and out of vogue, just with the fashion show analogy. all right. like i told you before, there's no such thing as a stock you can own forever. that's the essence of the kind of buy and hold thinking that's lost so many people such huge sums of money over the years. but some winners are more lasting than others.

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us on cnbc. i'm not sure if he's on "worldwide exchange." anyway, on the agenda in asia tomorrow, australia central bank is holding its policy meeting, widely expected to cut rates, but analysts are pretty divide order whether they'll pull the trigger tomorrow. retail sales figures, also. still to come, the mining boom in mongolia has fueled one of the fastest growth rates. more in our trade links special next. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. ow save 50% on banners. >>> mining boom in mongolia has fueled one of the fastest growth rates as

together for your future. ♪ >>> what is today's hot topic on twitter? cnbc's mody is following your tweets joining us live from the nasdaq. >> the excitement building on twitter over tomorrow's big and the event where it is expected to take the wraps off a new smaller version of its ipad. a lot of people on twitter are playing the name game, saying predicting the ipad mini will be called ipad air. nigel thinks apple will call the mini the ipad and rename its latest full-size ipad with the retina display the ipad pro. then there's some that think apple's unveiling a lot more than just a new tablet. "hold on to your hats, tech heads." not everyone is a believer. we have some bears out there. "apple supposedly releasing an ipad mini soon. won't that basically be like rereleasing the ipad touch 2?" the blogosphere making a big call today. a very well known tech blog tweets apple may discontinue the ipad 2 to make room for the ipad mini. basically writing that the ipod touch priced at $299 and the ipad 2 at $399, there's very little room for an in-between product.

lending to a false sense of security. >> all right, sir, thank you very much for appearing first on cnbc. >> thank you very much. >> coming up, will our children hate us because of our debt and deficit? the architect of greece's debt deal is here with a warning letter later on the "closing bell." >>> also coming up, nightmare in california. why the golden state is the only one in the country to see higher pump prices over the past couple of weeks and what that could mean for the rest of us. >>> up next, mixed signals. major averages may be near multihighs but we'll make sense out of the good and ugly. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at s

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ceo steve ballmer speaks to us about it first on cnbc. >>> as we head out, a look at the thursday movers on "power lunch." americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ that makes watching tv even better. if your tv were a hot dog zeebox would be some sort of fancy, french mustard. when they magically unite, people would think, "woah, this two dollar hot dog tastes like a fancy eight dollar hot dog." download zeebox free, and say "woah" every time you watch tv. >>> we are watching microsoft today and there is the stock chart. as you see, up a mere 7 cents. 007, mr. bond. windows 8 released today. there is a lot riding on this for the company and for the ceo, steve ballmer. jon fortt sat down with him first on

"squawk box" on cnbc and on twitter. here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. >>> welcome back. we've been keeping an eye on futures and so far looks a little better for the bulls this morning. whoa. dow up 66 points and change. s&p are indicated higher as well as nasdaq. this came after we got better than expected earnings from dow component. >>> lead story in today's wall street journal, about 80 big name company ceos putting pressure on congress to embrace spending cuts. the fix the deficit action has been brought. david cody, honeywell is o

ceo steve ballmer spoke to us first on cnbc. >>> now back to michelle on the "halftime report." >> wet to point out the hedge fund manager david einhorn is speaking at the buttonwood gathering of policymakers, bankers and regulators now. this is a live picture. we're going to be monitoring his comments for any market movers. even if it doesn't go well for him, don't feel bad. he was short chipotle which has just been a disaster over the last week. >>> first, what's getting the most buzz today on twitter? seema mody joins us with your tweets. >> we talked about it earlier in the show. twittersphere is reacting. could apple miss earnings? let's get to the next one. some traders not so sure. m. bentley says he's staying out of apple shares today tweeting it's a gamble today. nobody knows if apple will, in fact, miss. michelle, traders, what do you think is driving the negative sentiment around apple earnings? guys? >> joe? >> the negative sentiment surrounding apple earnings. i think a lot of it has to do with the expiration cycle that we've talked about with john and pete najarian in se

when it does, you will see it first here on cnbc. we have lots of guests giving every angle to this story, why did it happen, how did it happen, do we need to be concerned about the earnings miss. what's the liability for r.r. donnelly and google. lots of angles here. r.r. donnelly's market cap is $1.9 billion. by my back of the envelope math in the commercial break, google lost $21 billion, ten times more market cap loss than r.r. donnelly has. if you owned google, are you going right after r.r. donnelly on this if it is true? >> i'll tell you what. since i was a practicing lawyer, i'm going to call my legal background here and say that in january of this year, google announced earnings. they were supposed to be $1050. that was consensus. they came in $950. not very dissimilar to what we have here. at that point the stock dropped 9%, proceeded to drop for the next two days. if i'm a lawyer looking at this, i'll say what were the damages. why was it the early release? google did announce they'd release earnings today at 4:30. maybe h

today on cnbc, goldman ceo lloyd blankfein reacted to the book publicly for the first time. >> we checkedything exhaustively. we didn't find anything. frankly, when the book came out, i think a lot of people reviewed the book couldn't find anything. as a result of all this, we did a tremendous deep dive yet again. we investigated and turned over everything. in the end of the day with all the stress, and i wouldn't want to go through that again, we're probably going to be a better firm for it anyway. >> ironically, it may have a h an impact on the company then. i agree with those who say greg smith may lack some credibility for not voicing his concerns while he was at goldman. he was there ten years, for pete's sake. >> 12 years. >> okay. most of that time over in london. but there are mechanisms in place in major corporations where you can voice concerns anonymously, either through an ombudsman or hr department. >> how come he decided the kool-aid wasn't good anymore after 12 years, making $500,000 at the top? look, i think this was positive in that it brought lloyd blankfein out to talk

the ceo made the sales pitch right here on cnbc today. he's also keeping an eye on the head winds in the economy that could hurt both of those products. our john ford sat down with him to get us details. >> yeah, obabalmer talked aboute economy. he said there doesn't think there are many barriers now between domestic economies and global because we're all connected. so this fiscal cliff is a big deal for everyone. >> the question is, overall, do we have a little bit of a fiscal cliff facing the world at large? i think the answer is, yeah, we haven't work eed our way fully through the bubble that got built up. i think the powers that be have been trying to decompress, but i think there's probably more to come. >> i also asked him if there's one issue that he could fix related to the u.s. economy, what would it be? he said if we could fix intellectual property theft, piracy, microsoft would be able to add tens of thousands of job in the united states alone. he said he would rather hire in the united states than anywhere else, guys. >> john,

eastern on cnbc. >>> welcome back to "squawk on the street."ng to have some good data momentarily. nonmanufacturing. the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number of 56.0. we've pretty much taken away the down on equities and we've moved the basis point higher on tens to a middle of five-basis point closing range over the last week and that is at 163. melissa lee, back to you. >> thank you very much, rick santelli. slight pop in the equity market. steve? >> really interesting number here. ric

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if you want updates on our trades be sure to follow us on twitter at cnbc options. n posts regular updates of his trades on twitter. if you are on facebook you can stay posted on our trades throughout the week at facebook.com/optionsaction. coming up next the final call from the options pits. [ male announcer ] trading's like a high-speed train. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click orders, real-time paper trading to hone your skills, plus anytime you need it support. ♪ stocks, options, futures, and forex. get your trading on track. thinkorswim by td ameritrade. trade commission free for 60 days, plus get up to $600 when you open an account. [ male announcer ] the markets keep moving. 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 with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't j

with stocks sliding today, what are the key levels investors are watching on the markets? cnbc's jackie deangelis has got her eye on how traders in the pits are playing today's brutal action. she's also the host of a new online show on cnbc.com called "futured n es now." jackie? >> the headline from the pits is clear, sell. the pain could get a lot worse, according to the charts. this is from oppenheimer. the s&p has broken through a major trend line. that's bad for stocks. so the big question, when will the selling ease? and is this a buying opportunity? let's go ahead and start talking futures. rachel is at the cme in chicago. anthony at the nymex in new york. anthony, let's start with you. where's the support in this market? >> you mentioned we broke through the major trend line, which we did. the next support is at 1400. after that, we could be 30, 40 levels lower. >> i agree with carter werth here. any rally in this market, i'm selling. s&p futures close above 1525. that's my line in the stand. before this move here started with google last week. you look at the trend, you'r

citi card. [ crowd cheering, mouse clicks ] >>> here's something we don't often get to talk about on cnbceuropean strengths. europe defeating the u.s. to retain the ryder cup. martin kaymer giving europe the 14th point it needed to retain possession of the cup. that brings us to this morning's "squawk on the tweet." complete the following sentence -- europe may take our ryder cup, but they'll never take our, blank? tweet us. we have a new twitter handl handle, @squawkstreet is the new twitter handle. they'll never take our? >> place of employment refs. >> wasn't it great to see great refs? >> the saints game, even some controversial calls still, although that's -- there's something more comfortable about it knowing it comes from a full-time ref. >> seriously. someone who's got skin in the game with a 401(k) coming -- the new guys. use the ford motor play, the gm union negotiation. the new guys come in, get shafted. the old guys do well. >> they went to a define contribution from defined benefit. a lot of people are trying to to do that. that's going to hurt private equity. if you're defin

meanwhile, plenty of discussion already on cnbc already today. here's a reminder of what some of the experts have already told us on the channel. >> it has definitely been pretty strong. it's rallied 4% against the dollar across the year. i think it will come in for demand. it is a currency that is pretty stable. we'll sea the seam of diversification. >> longer term credit i think remains interesting and attractive. it's time to take some profit, get ready for the next. >> i like senior loans as well. comes in the same, but it's higher up in the capital structure. >> long-term, i think you've got to be in good ethics. >> some fire power, get into high yield u.s. >> i thought you were going to make fun of the jargon that we hear so much, all the dry powder on the sidelines just waiting to be deployed. >> create the dry powder, though, right? >> yes. i will say to the point he was making, talk about an asset class that has seen extraordinary inflows, and yet people feel more likely than not that we're towards the beginning rather than the end of thi

joining us on the cnbc news line, ted devine, ceo of insure yin. how do you plan when things got insane the last five years? >> we help tense of thousands of small businesses protect themselves and many clients in the northeast, most importantly, our heart goes out to everyone affected. we have our clients basically do four things to get ready for a situation like. this the most important -- like. the most important is to assess the risk. gm or the small businesses that we help cover have three basic types of risk. they have property risk, people risk and liability risk. and we walk each of our clients through an assessment to quantify their exposure and help them understand where they have the greatest gaps. >> obviously, the risks are going up tour brian's point, seems we are getting more and more natural dissasers of grand scale, tim. so, over time, will premiums have to go up? will prices go up for the businesses you insure? >> it meernts the amount of capital that the overall insurance market has and interesting to see went modeling finally co

an authentic american hero on cnbc on "street signs" today in about an hour's time. weebts.rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male ann

on. let's bring in director of market research at tradition energy and a cnbc contributor. addison, we love prices when we go up generally on things we own. is this slide in oil the sign of bad things to come economically? >> i don't know if it is a sign. i think it's reflecting what's really been a preponderance of bad news from all corners of the globe. but this really is not anything new. we know this. this is the fundamentals now starting to reassert themselves after sort of the enthusiasm we had for assets in the run up to qe3. since ben bernanke announced his new round of stimulus on the 13th of september, we're down 11%, almost 12% on wti since then. other commodities are behaving the same way. it appears to mow traders just aren't buying it this time. >> is it because volumes, supplies, are too high or is it because demand is falling? >> there is some tightness in certain areas of the world in the oil markets particularly in asia due to the lower levels of iranian exports that are making their way east. when you look at western europe and just how terribly challenged

we have a new feature we're launching right now on cnbc as election day approaches, we've tapped our many sources for ideas on stocks to include both cnbc obama re-election indexes and cnbc romney indexes. here's the idea. we use stocks that would benefit from each candidate's policies. obviously theoretical but you can kind of get an idea. year to date, stocks that we have slapped in these indexes, which i'm sure are available in more depth on our website, which is very fine -- obama stocks up 7%. romney stocks just about break even. draw your own conclusions. over the course of the next few weeks, we are going to dig into the stocks and these new indexes, look at their performance, look at the momentum swings in the campaign, then all go out for ice cream. >>> meantime, america's ceos are now trying to figure out their pre-election strategy and they are not being shy about it. robert frank is joining us now with the unbelievable story, a ceo basically said you're fired if you vote for romney. we have bertha coombs here with a company that's thinking about cutting back on hours if ob

. >> she was on cnbc today and she was extremely tough on vikram. >> i just don't understand why anyone really from a tradeable standpoint is really surprised by this, this is yes, two years in the making, you've got almost a $3 million make -- you've got a cut from moody's on the credit rating. the timing of it, this is the first quarter that actually was a really good quarter. look at the price action in citi after the announcement. >> that was a 24-hour decision, we know something happened and there's intrigue there and we all want to know what it is. >> i don't think anything happened, i think this was planned, they finally got a good market that they were looking for. the quarter absorbed the good news. if this happened in a prior quarter, you would have had a reaction. >> this is a guy that was named in december of 2007 so he rode through some very choppy waters and he was deemed to be the guy that had the right mocksy. if you listen to corporate on that call. with a debt of gratitude, it's that flower i kind of language that says bye-bye and it was not his decision. we can specul

we'll show you how to play it. >>> an exclusive on cnbc one of the most prominent names on wall streetway to the west coast. julia boorstin joins us from there now along with goldman's chairman and ceo lloyd blankfein and two entrepreneurs. good morning, julia. >> good morning to you carl, here with lloyd blankfein at the goldman builders and innovators summit. thanks for having us here today. >> thank you, julia. >> you're gather so long many interesting entrepreneurs. what opportunity do you see with the entrepreneurs for goldman's business? >> this is what we do. we try to identify entrepreneurs, wealth creators, job creators, we provide advice, we provide financing, we help them build their businesses, this is a core function of the firm and so really it's right down the middle of the plate what we do in our business. >> how important are the next generation of startups for goldman's business and the economy as a whole? >> so important and i have to say our business and what's good for the economy line up. we profit from growth and we help contribute to growth but these are the bus

"mad money," weeknights on cnbc. >>> big night on cnbc, not just because it's the first debate for romneymad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your pofrls. time to play ffd ffd. time to play "am i diversified?." we've gotten inundated with tweets. we have to go to them. this is from dimas 720. m mo,, pep, point guard, cop, nyb. i'm saying it's highly unlikely. procter & gamble, uh-oh, pepsi, consumer products company. altria, conoco phillips, new york community, high-yielding financial. keep altria. between pepsi and procter, keep pepsi. we're going to put in a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >> hey. modern portfolio. it's a modern portfolio. i have popeye's. i love the red beans and rice. aig is my favorite financial. michael kors is the terrific apparel company where they still charge $200 even at the outlets. dynavax. and facebook is not doing as badly as everybody else. internet company, financial, apparel company, biotech and we'v

cnbc coverage, the third debate continues, special report. >> and the main event begins one hour from now. good evening, everyone. >> here, the focus tonight, foreign policy which, more than ever, is intertwined with our economy. cbs's bob shiefer is the moderator. cnbc's chief correspondent is live. john, a lot to do tonight. a last chance to make a big impression ahead of a big event just over two weeks from now. >> reporter: that's right. starkly different goals, at least as senior advisors articulated them to me just a few minutes ago. from team romney, they're looking not to go on offense against president obama. not to prosecute the case on benghazi. not much interest is good for them. boring is good for them. president obama, on the other hand, likes the aggression that he showed in the results of that in the last debate. you can expect president obama try to make the kacase that he doesn't know what he's doing in foreign policy. he could -- the tone of his questions, the direction of his questions could alter the nature of his responses and also the aggression from obama could

complete coverage of the second presidential debate, not this one but the second presidential debate on cnbc beginning with t"the kudlow report." you can see this one all over again, too, go to cnbc.com. you guys did great. appreciate you doing this. >>> ready for a startling stat? for every dollar the government spends, it spends two more dollars on every entitlements? what's being done to top this nation of takers? two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. well, if itmr. margin?margin. don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the

right here on cnbc. ted kaufman will talk about tonight's debate and the economic impact on the election, and then eyeing the turnaround, bausch & lomb's ceo will join to us talk about the next chapter for the contact lens giant and their pursuit to return to the public market. "squawk" is back after this. tdd#: 1-800-345-2550 when i'm trading, i'm totally focused. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#: 1-800-345-2550 6 months commission-free online equity trading tdd#: 1-800-345-2550

spike worth noting. >> courtney, thank you very much. >>> it is a major exclusive and it is only here on cnbc julia boorstin one on one with facebook's chief operating officer cheryl sandberg, live at facebook headquarters. >> facebook stock is down over 40% since its may ipo. cheryl sandberg will tell us coming up how facebook is changing -- after the break. tridion safety cell andy which can withstand over three and a half tons. small in size. big on safety. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business. with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart

don't miss maria's first on cnbc interview with bob greinfeld. >>> all that and much more on what hasn a surreal day in the financial district down here in lower manhattan. see you at the top of the hour. >> thank you very much, bill. >>> let's walk you through a non-storm related name that's nonetheless making news so it is good for us to cover. disney down today after a really big announcement late yesterday. >> yeah. that's a big announcement. they're going to buy lucas films for $4 billion. right? george lucas, "star wars" franchise. they want to make another one here. disney shares down little over 2% now. one of the bigger decliners on the dow. listen, lot of people saying don't mess with "star wars." six was enough. lot of people saying three was enough. i'm just sayin'. but we got more coming out in 2015. >> plenty of "star wars" geeks who would like a 7 and an 8. >> herb came over and wanted to talk more. sorry, herb, western union's revenue came in lighter than consensus. they had executives depart the company, all kinds of downgrades and price cuts today. western union real

all day on cnbc we've been remembering the crash in 1987. today's date the dow dropped 22.6%, 508 points. largest one-day decline at that time in points. stilt largest in percentage term. a record 604 million shares changing hands at the nyse. that sounds like a quaint number these days, doesn't it, art cashin. bob pisani is with us, art cashin is here. art, it does seem quaint, 600 million in shares. but it wasn't quaint that day when we were all here watching the market melt. >> no. it was overwhelming. it was relentless selling and every time they tried to kind of slow things down a little bit, it didn't work. you had futures trading in chicago had grown in the previous couple of years and they introduced something called portfolio insurance which told people don't worry, can you can protect yourself by selling those futures and they didn't need an uptick to sell shorts. it was like having parallel roads, one where you could go 100 miles an hour and one where you could only go 55. >> it wasn't just a one-day sell-off. it had begun the wee

we will see you back here next friday only on cnbc. have a great weekend. >>> i'm jim cramer, and welcome to my world. >> you need to get in the game! they are going to go out of business and he's nuts, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it hey, i'm cramer. welcome to "mad money" welcome to cramerica. other people want to make friends, just try to save a little money. my job, entertain you and educate you, call 1-800-743-cnbc. the s & p dipped and nasdaq climbed .7%, we have to look forward, not back. yesterday, we'll be in the thick of earnings season where individual stocks control 100% of date-to-day action. what's our game plan? first monday we hear let's get right into it from citigroup. hey, look. nobody was crazy about any of the banks that reported today. wells fargo, jpmorgan. that's ridiculous. that group is cheep. the companies making tons of money and returning billions to shareholders, making gobs of cash, and citigroup reports it wo

we'll have more gary kaminsky from the global conference on cnbc. coming up on this show we'll head to the pits to find out what's happening with oil. oil is down, will that feed through to you at the pump? and apple's new product line a look at whether devices like the new ipad mini can help woo new investors. "the halftime report" returns in a minute. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust

the full story on that and all the breaking headlines coming in to cnbc next. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. is now within your grasp with the e-trade 360 investing dashboard. e-trade 360 is the world's first investing homepage that shows you where all your investments are and what they're doing with free streaming quotes, news, analysis and even your trade ticket. everyth

the full story on that plus late-breaking headlines coming into cnbc. that's next. at was kevin warsh, folks. keep your eye on him. i'm telling you, he's destined for bigger things. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. >>> in front of the judge. here now is cnbc's bertha coombs, who was at the courthouse today with that and all the other headlines. good evening, bertha. >> good evening, larry. highly pedigreed corporate insider rajat gupta was sentenced to two years in prison today and a $5 million fine for his part in feeding secrets from the goldman sachs boardroom to hedge fund operator raj rajaratnam. in court judge jed rakoff said gupta's past good deed

"mad money," weeknights on cnbc. >>> big night on cnbc, not just because it's the first debate for romneyecause here on "mad money," it's wednesday. what do we play on wednesdays? you've got it. time to see about your port o portfolios are protected. time to play "am i diversified?." this is where you call me, you tell me your top five holdings and i tell you whether you need to diversify. we've gotten inundated with tweets. we have to go to them. this is from dimas720. i think i know a dmas who writes am i diversified, altria, trokter and gamble can, conoco phillips, big california boo-yah. mike dimas is from summit new jersey. procter & gamble, uh-oh, pepsi, consumer products company. altria, there's a match game thing going on there. conoco phillips, new york community, high yielding financial. keep altria. between pepsi and procter, keep pepsi. proctor is a work in progress although mr. mcdonald is doing much better. we're going to put in yes, a health care company. at this point i'm going a little aggressive. go celgene. let's go to ed in new york, please. ed? >> caller: hey. >> hey.

on netflix, blackrock and facebook. question is are they the right calls, and netflix is up better than 10%. we'll see. >>> speaking of facebook, cnbc holding facebook office hours with andrew ross sorkin on the new "squawk box" facebook page tomorrow morning. >>> as we head out, how america's most widely held stocks are trading right now. quite a bit of red in pfizer, p and g and at&t. but cisco's bucking the trend, up .5%. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. j&j. >>> welcome back. time to analyze. you know matt. first up, facebook downgraded to sell. $16 price target at btig. here's what the firm says. we see a growing tension between the facebook user

we'll speak to the man in charge on cnbc later today. >>> kelly is off for the week, so jim is here with me. >> thank you. >> need extra reinforcements. and they don't come any better than having you on this morning. we had spanish unemployment out this morning and i know we have to talk china and australia, but on your travels at the moment, what do you think of the rather nonlinear as you put it in your notes, this nonlynn krer progress where we're at, the ecb waiting. economics is getting worse. >> well, actually, let me start with the last point you made. and the very latest marginal information, yesterday's pmi -- >> slightly better than the flash number. >> spanish unemployment number is almost definitely a bit of a lagging indicator. the bounce in italy in particular was interesting and a further modest improvement in spain. the level of spain and italy's pmi is now higher, so everybody is highly focused on the spanish thing, but surely it's gist a matter of when they are in a program. i'm not sure if it's the big cutting edge story anymore. >> italian paper is going to give some

. >> up next, a special first on cnbc interview. ceo aaron jackfeld weighs in on the blowout quarter and how superstorm sandy is affecting his business and new hyde park, new york, brian is standing by. >> melissa, as far as you can see, we have a gas line down this street. as the day has worn on, the gas line has gotten longer and the patience has worn thinner. coming up on fast money, we'll talk about what's behind a gas crunch in long island and new jersey. >>> it's from a different perspective. it's about moving the odds in your favor. it's what drives the value of the show. >> i am john that jerian. i am fast money. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. ♪ welcome to the world leader in derivatives. welcome to superderiv