michael franti and spearhead will be rocking our second cusp. >> are you ready, the big reveal, rebecca jarvisu're in the vault right now. we've got the drum roll. ladies and gentlemen, rebecca jarvis in her very first national television costume. open up that vault, open up that vault. let's see what we got. let's see what we got. >> i'm mrs. moneybags or, like i call it, sally stimulus dollars. chris, a little stimulus for you? >> cash money. >> this is for your black friday shopping. >> cash money. >> make sure you get to it early. >> look at you, nice job. i will take that. >> here. thanks for all your hard work, boys. >> i will take that. >> i really appreciate it. you are doing great work, you really are. >> she's in character. >> i like it, nice job. >> you are not going to ask me any questions? >> what would you like me to ask? come this way yimplsts moneybags, chris? just because it is too darn hot. >> too damn hot. a very good points. security, how tough to make sure you were able to keep moneybags under lock and key all morning? >> awful work. >> tough stuff, tough stuff. >> nice jo

cbs news business and economics correspondent rebecca jarvis joins us now. good morning. how are you. >> good morning, harry. i'm well. >> our expectation is what, exactly? >> so, what we're expecting to learn today, unemployment in the month of september notched up from 9.6% up to 9.7%, as more people start looking for jobs. this is what tends to happen when there are signs that some jobs are being created in the economy, more people tend to start looking for work hence they get counted in the numbers. but, by the way, we're not really creating a lot of jobs here, either. >> what is the significance of this number at this exact time? >> well, at this time, this is going to be the last employment report before the election. so, a lot of obviously political people are going to be using this and using it as fodder for whether or not to vote for a particular candidate. also, the fed, the federal reserve right now at a point where they are trying to determine their next move as far as policy. this will play into that. lastly, this is going to play into the holiday retail seas

cbs news business and economics correspondent rebecca jarvis joining us now. good morning. >> good morning. >> what is the number today? >> the number remans mauddy. 9.6% again. the issue is the economy overall lost 95,000 jobs in the month of september and those were primarily government jobs. but the private sector also isn't creating enough jobs to offset like we have been talking about a lot, those temporary census workers. private sector isn't creating jobs to offset that. >> net-net because in the end that's what we're talking about because the people coming out, you know looking for unemployment benefits and everything else and there's a private sector creating jobs but not creating them fast enough to make this number in the end of the day go down. >> exactly. that number is the number economists forecast we'll see for a year until 2011. >> wow. so, if this number for -- we're all interested in it on a daily basis but it also has some political implications. >> in particular this report has political implications because it's the last report we'll see

rebecca jarvis, i'm chris wragge.at we have coming up, hidden fees, you love them don't you? >> they are everywhere. when you check into the airlines these days are always greeted with about five more. we'll show you how to stay away from them who is not charging. we'll tell you and reveal the answers. >> you why ticket is 500, your extras -- have a safe flight also the cast of "memphis" tony-award winning "memphis" i said during warm-ups it is the best show on broadway, if you have not seen "memphis". >> how many times have you seen it? >> three times. each time is better and better. >> the plan is to go back again. >> possibly. i may join the road show. they are performing two numbers next hour. you don't want to miss. but first let's catch up with the morning's headlines. betty. >> how am i supposed to follow that? good morning, everybody. some serious news right now at least seven deaths blamed on the remnants of tropical storm nicole which barrelled from the carolinas to main leaving record rainfall in many place

i'm chris wragge. >> i'm rebecca jarvis.>> what did you vote for. >> listen, i don't vote. i don't want to sway the results. >> singer/songwriter katie armiger pays a visit. can't wait to hear from her she's dynamite. >> we have breaking news we'll talk about in seconds but first want to go to lonnie quinn with a final check of the weather. lonnie. >> nice crowd out here today, we have san diego in the house, also oregon. this is great, all right. i was told gals from oregon are great, hold your signs up, guys, we love oregon. let me say this for a second i get all kinds of signs see how colorful with their magic markers on a pizza box! >> yeah! >> let's talk about the weather picture. here's what i see out there. you know the satellite and radar doesn't show much, rain for the northern plains and rain around the pacific northwest. those are the only two games in town. not talking baseball, people but in the middle of the ocean weshs have now another hurricane as of yesterday, hurricane otto, 85 miles per hour winds but it's

cbs news business and economics correspondent rebecca jarvis is here with more on this. other financial headlines this morning. why now is b of a saying you know what, we're back in the foreclosure business? >> they say they didn't find any problems with the paper work. they had to halt under accusations they didn't cross the "ts" and dot the "is." they're good to go. they're going to start processing the paper work by monday. >> what does it do for anyone with a mortgage with bank of america in those states? >> in those states, you will likely be foreclosed on come november and reseizing homes, come november. so for those people as well as erica, other people who have mortgages with other banks where we have seen halts in foreclosures can probably expect to see their home seized and why do i say other banks? bank of america, the first one to market with the news but many analysts expecting to hear other things of other banks. >> you expect them to go first as the largest. so if you don't have -- so then i was going to ask you if you don't have a mortgage -- you cleared

rebecca jarvis, as always, thank you so much. maggie. >> thanks hair reef.d nobody knows sweets better than dylan lauren she's author of dylan's candy bar unwrap your sweet life which just came out recently. she's also ceo the chain of dylan candy bar stores. my favorite and my daughter's favorite place on earth. welcome. >> thank you. happy halloween. >> congrats on the book, really fun, a lot of fun facts about candy. a lot of what we'll show you this morning is a i would to make your halloween party or candy digs play more special than ever. >> fun ways to entertain and the book shows for every holiday how to make a special occasion more colorful with candies. everyone loves candy especially adults during holiday parties, people don't realize halloween is not just for kids. >> you have everything from gummy brains, gummy skeletons, gummy worms, gummy eyeballs. >> gummy eyeballs. >> fingers, cent peeks, we carry gummy everything but the grosser the better. one of the great centerpieces skewer them very easily because they go through the skewer very well. >

cbs news business and economics correspondent rebecca jarvis has more from the stock exchange this morning. rebecca, good morning. >> good morning, jeff. stocks are now back above where they stood after the flash crash of may. if you'll recall that day where stocks plummeted multiple points, hundreds of points, in a matter of minutes. now, they are back above that level but still well below the all-time highs hit in october of 2007, three years ago. they are still 22% below those levels, with the unemployment rate in this country stuck at 9.6%, also housing weighing on the problems, here we have foreclosures throughout the country being halted by bank of america, the largest bank in the country and a number of other banks have followed suit it a certain extent -- they have faulted foreclosures in 23 states and a number of attorneys general are calling for a foreclosure moratorium throughout the country. jeff? >> rebecca jarvis at the stock exchange. thank you. >>> the nobel prize for economics handed out to three men including two americans. the prize went to peter diamond, dale mortonson

cbs news business and economics correspondents rebecca jarvis is at the new york stock exchange this morning. we'll take this surge any day of the week. what is the five-month high being attributed to? >> well, maggie, yesterday put us back, like you said, in the before-may levels where the dow is and what people are looking at is the main driver of that are two things. first off, better data from the services sector, looking like we're going to see potentially more jobs created there and, also, this expectation that while the government doesn't necessarily have the political will or the motivation to put a new stimulus into effect here in the united states, the federal reserve is prepared to step in and do that and many are anticipating that the federal reserve will take its own tools and do stimulus action. >> the fed has indicated it will step in and prop up the economy but a lot of speculation what exactly ben bernanke will do. what are the options? >> the likelihood of what ben bernanke does is really focused on one particular thing that, is to start printing more money, put mor

rebecca jarvis, as always, thanks so much. maggie. >> thank you. still ahead, rutgers university remembers tyler cleemti as activists say his suicide is part of a pattern that has to end. >>> lions go wild at a circus while spectators fear for their safety and run for their lives. we're going to be speaking exclusively with the family who shot this video ahead here on "the early show" on cbs. know what gets me out of bed early? breakfast at subway! [ male announcer ] a big day deserves a better breakfast. choose from a dee-licious lineup of our newest $5 footlong breakfast melts, like the sunrise subway melt. [ strahan ] subway. build your better breakfast. with the $2.50 breakfast combo. get a 16oz. cup of piping-hot seattle's best coffee and a savory new sunrise subway melt built fresh to your order for just $2.50. subway. build your better breakfast. [ male announcer ] with its 43 safety features, like the parkview rear back-up camera... hi, sweetie. there you are. [ male announcer ] ...electronic vehicle information center, and rear cross path

rebecca jarvis to the rescue once again, when "the early show" continues.anberry juice cocktail tastes good but it's also rich in powerful nutrients that help cleanse and purify your body. cranberries are the ninja fruit. wh-wh-whoa! ocean spray -- tastes good, good for you. this is our cran-pomegranate juice drink. like the cranberry the pomegranate is a superfruit, prized since ancient times. he would know. [ snickering ] also available in light and diet. whatcha doing little bite™? trying to be big like you, dad. you're so good at keeping everyone full... and focused with your fiber. [ laughs ] but you already are great at doing that. really? sure. you're made with fiber just like me. but best of all, you're the perfect size for smaller kids. [ female announcer ] give your little ones kellogg's® frosted mini-wheats® little bites™ cereal in chocolate and now original flavor. they're an excellent source of fiber packed in a smaller size. [ doorbell rings ] oh, it's original little bite™. we're off to practice keeping 'em full and focused. yeah! we've got b

joining us with everything you need to know cbs news and business correspondent rebecca jarvis.nk they are impersonal. i think they are fantastic and wouldn't mind getting one. >> i wouldn't, either. i think the thing with gift cards they give you a lot of options and as a gift giver, you are able to give them something they would like, let them choose. around holiday time, you give a gift card, someone might find a better deal using it after the holidays when the sales are even better so you are potentially giving them even more than with the same amount of money before the holiday season. >> i think one people don't like them and i admit i've let them stack up in my wallet probably half are expired. >> is really a use it or lose it gift card giving but you need to think about, also there, are new gift card rules in place that say they don't expire, the value on a card can't expire for five years so you have a long time to use them. but, again, it's really a use it or lose it type of mentality because people will lose the cards in many cases if they don't use them quickly. >> t

i'm rebecca jarvis. we have a great crowd with us, chris. >> yes, i'm chris wragge.back there. >> my goodness. >> wave if you're a princess or pageant winner, one of the two. >> of course, yes, we will have more from the princess coming up later in the program. also, more from chile, of course, we've now heard that 31 of the 33 miners have returned home. we have seth doane with us live from copiapo, chile. so much new, really going on in these men's lives so much new freedom, what's going on. what are they going to do next? i think that's what a lot of the country is wondering. >> so many financial overtures being made. >> literally thousands of dollars. >> i can't wait for the movie next month, it will have been interesting. we want to talk about restaurant tricks. you know everybody is guilty of trying to pull a bit of a scam here or there. trying to fudge the numbers a bit so to speak. restaurants, what do they do to actually get you to spend more of your money and also make money for themselves? we'll disclose a couple things out there but first this morning's he

rebecca jarvis is here to explain. let's start with the first, earnings, the profits that companies make. a profitable company is a healthy company, hopefully one more likely to hire. are we looking for positive earnings reports this week? >> we are looking for a number of positive earning reports. two major energy giants report this week, exxon-mobil and chevron and microsoft. what we've seen out of earnings season is a number of companies they are beating expectations, they are exceeding what we think they will do. the only issue is that they are doing it by cutting costs which means in some cases not cutting jobs. >> what does that mean for hiring? there's not quite there zblet >> it means that there is a potential for new hires because as they grow in their businesses do better, that means that they will need to make hires but so far they have been doing better basically by cutting back on costs and cutting back on new hires. >> so not quite there. economic data, several are coming out including today home sales. >

cbs news business and economics correspondent rebecca jarvis is here to tell us what it means for us.started long ago. this is the thing people need to keep in mind. this mortgage mess and all these banks with mortgages and problems and potential fraud taking place, this didn't start yesterday but we became aware of it recently because of all of the problems in the overall housing market. but, it started long ago, when banks were going out giving out loans to anyone and -- anyone and everyone. >> for the asking. >> buy a home -- exactly, and started repackaging them, cutting them up, slicing and dicing them selling them off to new people. what that was a very lucrative business but now has come home to roost. >> who is the biggest offenders. >> bank of america is the biggest bank in america, on top of that wells fargo, gmac and citigroup are the biggest banks in the country right now servicing loans and many probably own loans people who are watching right now have. >> let's say you got your mortgage from bank of america initially. >> sure. >> doesn't mean b of a has your mortgage now

our business and economic correspondents rebecca jarvis is on the floor of the new york stocks exchange this morning. good morning. let's focus on the good news. why such a great month? >> well, in a word, erica, it's relief, relief on wall street that things weren't worse than many were anticipating. a lot of economists had expected september to be a very bump ys, down-trodden months as far as economic data goes, from jobs to business activity, we did see signs things were less bad than they were expected to be. also, the double-dip fears, fears we would go back into a recession, that the market would dip back to the levels -- lowest levels we have seen in a matter of a couple of years, well, those, are very much off the table right now for a number of economists. they have lessened their expectations we will see such negative days ahead, however there is caution and number of employers still reluctant to make new hires particularly at the state and local government level where a number of state and local governments are facing major budget shortfalls, where economists are focusing the

correspondent rebecca jarvis on the floor of the new york stock exchange this morning. rebecca, good morning. let's focus on the good news. why such a great month? >> reporter: well, in a word, eric erica, relief. relief on wall street that things weren't worse than many anticipating. a lot of economists expected september to be a very bumpy, downtrodden month as far as economic data goes and jobs to business activity, we did see signs that things were less bad than expected to be and also those double dip fears, fears to go back into the recession, the market would dip back to the levels, lowest levels of a matter of a couple of years. well, those are very much off the table right now for a number of economists. they have lessened the expectations to see such negative days ahead. however, there's caution. number of employers still reluctant to make new hires and at the state and local level government where state and local governments facing major budget shortfalls where economists are focusing attention in the months ahead and particularly in october and, of course, at

rebecca jarvis is here to tell us. good morning. >> good morning. >> right to it.e seeing deals across the board in terms of toys from nerf to barbie, disney and fisher-price toys all on sale right now and at some very well-known retailers. >> do you know which retailers specifically are already offering sales. >> walmart already is offering sales. target says 1,000 of its toys will go on sale and toys 'r' us has gone so far this holiday season to attract buyers to its toys it's popped up 600 stores temporarily for the holiday season. >> i've heard of that. how deep discounts are we talking about? simplsts right now the discounts are looking like 20 to 40% off. actually, when it comes to toys is a pretty sincere and significant discount. it is something pretty significant at this point. >> will discounters kind of continue those discounts? because if people don't show up at the stores, are they going to be desperate to get rid of the stuff? >> is the age-old question. you think, i want to get out to the store and get the best bis count but is today's discounts goin

cbs news business and economics correspondent rebecca jarvis at the new york stock exchange. we'll take this surge any day of the week. what is it attributed to? >> reporter: maggie, yesterday put us back in the before may levels and what people are looking at is the main driver is two things. first off, better data from the services sector and potentially more jobs created there and also this expectation that while the government doesn't necessarily have the political will or the motivation to put a new stimulus into effect here in the united states, the federal reserve is prepared to step in and do that and many anticipating that the federal reserve taking the tools and do stimulative action. >> yeah, the fed has been indicating to step in and prop up the economy, but there's a lot of speculation of what exactly ben bernanke will do. what's the options? >> reporter: the likelihood focused on one particular thing and that's to start printing more money, more money in circulation. what does that do? decreases the value of the money in your pocket but it also can increase the

cbs news business and economics correspondent rebecca jarvis is here with that. good morning. >> good morning. several reports out no predict the jobs number tomorrow will be uglier than everyone expects. should we brace ourselves for. >> that the jobs report that comes out tomorrow is obviously looking backwards at the months of september but the important thing to take away from it, again we're not creating enough jobs in this economy. it's not the kind of recovery that anyone wants to see. right now the expectation is that unemployment will actually tick higher from 9.6% to 9.7%, as more people enter the workforce and try and find work but, also, as furp private employers create jobs. like you said in the introduction to this segment, they're not creating jobs, in fact, there are some jobs being lost and that is impacting the numbers, as well as the cen suz workers we continuously talk about whose temporary work ends month after month and takes away from the job number overall. >> but there are jobs to be had, all we have to do is look on line. we talked about

rebecca jarvis has more from the stock exchange. good morning. >> good morning, jeff.tocks are back up alove where they stoot stood after the crash of may. the day where stocks plummeted multiple points, hundreds of points in a matter of minutes, now are back above that level, but still well below the all-time highs wrp hit in october of 2007, three years ago. they are still 22% below those levels with the unemployment rate in this country stuck at 9.6%. also housing. weighing on the problems. we have foreclosures throughout the country being halted by bank of america, the largest bank in the country, and a number of banks have followed suit to a certain extent. pnc, allied financial, jp morgan chase have halted foreclosures in 23 states and a number of attorneys general are calling for a foreclosure mor throughout the country. >>oriu tha men including two americans. to peter diamond at the massachusetts institute of technology, dale mortonson of northwestern university, and christopher passarise for analysis of markets with search frictions. >>> bizarre events at pres

report and good news to report this morning and cbs news business and economics correspondent rebecca jarvis is here with that. good morning. >> good morning, maggie. >> there's several reports out now that predict that the jobs numbers uglier than everyone expects. >> the jobs report that comes out tomorrow obviously looking backwards and looking at the month of september but the important thing to take away from it is that, again, we are not creating enough jobs in this economy. it's not the kind of recovery that anyone wants to see. right now, the expectation is that unemployment will actually tick higher from 9.6% to 9.7% as more people enter the work force and try to find work, but also, as fewer private employers create jobs like you said in the introduction to this segment, they're not creating jobs and some jobs lost and that is impacting the numbers and sen k sus workers we talk about and takes away from the jobs number overall. >> all we have to do is look online. i talked about this earlier this week and monster worldwide with the employment index showing a 1% increase in online j

our correspondent rebecca jarvis is here to explain. good morning. >> good morning. >> the first "e" earnings profits companies make a profitable company is healthy, hopefully more likely to hire. are we looking for positive earnings reports this week. >> we are looking for a number of positive earnings reports. two major energy giants report this week exxon mobley and chevron as well as the tech giant microsoft. we've seen so far this season a number of companies are beating expectations exceeding what we think they will do. the only issue is that they are doing it by cutting costs, which means in some cases. >> not real profits. >> -- cuts jobs. exactly. >> what does that mean for hiring, they're in the quite there yet? >> it means there is a potential for new hires because as they grow and their businesses do better that, means they'll need to make new hires but so far have doing better basically cutting back on new costs and new hires. >> got it. economic data several coming out including today home sales. how are those looking? >>

rebecca jarvis is here with a list of the best discounts that you probably don't know exist.maggie. >> first of all, ways to save a lot of green going green and people don't realize it. >> yeah. a lot of people don't realize it. it's bring your own bag and whole foods, target, cvs, some of the retailers to give you a rebate, sometimes even cash back simply for bringing in your own bag and making a little extra in your pocket by doing so. >> for example, at target -- >> bring back a regular bag, any reusable bag. five cents off for every bag you bring in and up to five bags. going there multiple times in a year, go there -- once a week every week for a year, you could save $13 just by doing this. >> you did the math. >> yeah. >> another thing is you can use your profession to save money. because we work on tv, we can go to a lot of makeup stores and get discounts. people in different professions. >> multi professions and corporate discounts. when's the company and the profession? and if you say it a number of retailers, they'll help you out. military and vets also definitely g

i'm rebecca jarvis. >> i'm chris wragge.oming up 41 million people take a plane, train, automobile this holiday season. if you are one, we want you to be ware. travels or that sound too good to be true, guess what, in fact actually may be a little too good to be true so you have to be on the lookout. >> a lot of offers are scams that could cost you,000. we'll tell you how they work, how to avoid them. may have heard of baby brain before. >> amnesia. >> the idea motherhood leaves moms forgetful. a new study is out about that. >> wait until you here. some good stuff. first we have news to get to, it took seconds a vicious shark attack off a california beach. when it was over a 19-year-old was dead. his long-time best friend matthew garcia was in the water two feet away. it was really fast, he said told the associated press. here sde here's keith carl's report. >> reporter: the santa barbara county sheriff's office says the attack happened just before 9:00 in the morning at surf beach on vandenberg air force base the only one o