in my purchase schiller -- professional opinion, i can sustain these events, and we will accept that. if you later get your certificate, send it to us and we will replace that letter and your of the hook. >> the professional record would both the to have their professional license and a corporate credentials. >> they can sign as a professional, but ultimately what the department is asking for is potential license is engaged in the process. typically, something does have a stamp, or they would not get their approval anyway. >> thank you. did i hear correctly that for 2009 you will not be doing more requiring verifications' for residential buildings? >> that is correct. for 2009, there is no requirement that a small project the green point break it -- rated. you do not have to show that you have met the requirements. you have to just show us which of the 25 points to our meeting. -- you are meeting. >> and what is the time? any project submitted as the set of requirements that apply? >> these time frames begin january 1 of each year, and it is based on the date of the said middle of you

on tuesday, the kay schiller index will report on home prices and on thursday, we get the auto salesumbers for october and on friday, the highly anticipated jobs number will be released. unemployment stands at 7.8% and finally, following security breaches on sites like linkedin -- leased its annual list of the most common worst passwords accord to the hackers wolf gotten them in the past. the top five contain the most sophisticated password as password and 123456. monkey, trust no one, ashley and jesus. if any of these are your passwords, i hope i don't have to tell you what to do right now. next week, the last big push before november 6th when america goes to the polling place to vote. keep it here, where wall street meets main street. have a great weekend, everybody. i'll see you again next weekend.

the co-author of the s&p case schiller index live in a moment. dave: new york has been like a ghost town the past couple days which is tough on restaurants who rely on manhattan's foot traffic but it will take awhile for such a hit show on the books and it did not show up on the excellent quarterly reports for donna and equity, owner of appleby and i hot restaurant brand reporting quarterly profit that beat wall street expectations. how will their sales hold up to superstorm sandy's iraq? joining us is julius. talk about your stock in just a moment. you are anxious because you had great numbers but the storm. any of your restaurants report any damage due to the storm? >> too early to tell. as of yesterday we had 450 restaurants that were closed. today we are down to just under 200 restaurants. first and most important thing is the safety of our employees and our guests but as we reopen the there's pent up demand because there isn't much in the area that is open. dave: they are reopening and the key question is how you get the supplies in. >> it d

the latest example comes from standard and poor's case schiller index, which shows home prices rose in most u.s. cities in august by 2% when compared to a year ago. additionally, the report notes that many of the hardest hit markets are showing gains. add to that a federal index of housing prices that also cites annual price increases during the past two years. profits continue to climb at ford. the car company brought in $2.3 billion in pre-tax profits, making up for the $468 million loss in europe. ford expects its european losses could exceed $3 billion during the next 2 years. this is the third quarter in a row ford has earned more than $2 billion. what works for pizzas may not work not for ipads. the same-day delivery service that walmart, amazon and ebay all recently launched is not going as smoothly as expected. customers in certain test cities can choose to spend an additional $10-$15 to receive their purchases that day. but the convenience of rapid home- deliveries has turned out to be a logistical and costly nightmare for the online retailers. problems range from high overhea

the schiller index will report on home prices in 20 u.s. cities.t auto sales numbers for october. on friday, the jobs report will be released. we will find out how many jobs the economy lost or gained in the last month. unemployment stands at 7.8% currently. finally today, a following security breach on sites like linkedin, yahoo and eharmony. they released the annual list of the most common worst passwords according to hackers who got them in the past. pass word, as a pass word and 123456 as another pass word. further down, monkey, trust no one, ashley and new this year jesus. if any of these are your passwords that you use, i hope i don't have to tell you what to do right now. that will do it for us today. thank you for joining me. america goes to the polling place to vote. we have the election issues covered here. keep it here where wall street meets main street. have a great week, everybody. i will see you again next weekend.

robert schiller, who studies the erratic behavior of markets, is one of the favorites, along with kenneth rogoff, who specializes in public debt. we'll find out when the academy announces the winner at 7:00. >>> the race for president is essentially tied this morning. 49% of likely voters support president obama in the latest washington post/abc news poll. 46% favor mitt romney, and that puts them within the margin of error. the results are similar to the poll two weeks ago. before the first presidential debate. nearly two-thirds of people surveyed say they don't need any more information before election day to make their decisions. both candidates will spend today and tomorrow preparing for the second presidential debate. that town hall style debate will focus on domestic and foreign policy. president obama practicing for tomorrow night at a resort in williamsburg, virginia. mitt romney is preparing in boston. both sides agree the president has to improve on his performance from the first debate. >> he's got to be more energetic. i think you'll see somebody who's very passionate about th

. >> apple senior vice president of worldwide marketing phil schiller made the announcement today inan jose. starting at $329, it is 3% thinner and 53% licer than the third generation ipad. as thin as a pencil and as light as a pad of paper. >> it is great for reading your e-mail and responding to your e- mail and surfing the web. it is great for managing all your photos and sharing them with friends and family. >> reporter: with the success of the kurt mundell fire and other smaller tablets, the president of enderly group, rob enderly, says apple may have felt the pressure. >> 7-inch tablets have been selling very well. i think it caught apple by surprise. a lot of us thought that would be a tweener product. it turned out it is easier to carry, less expensive. >> reporter: apple has sold 100 million ipads since its debut in 2010. the new mini version is 7.9 inches compared to the larger ipad's 9.7-inch display. tim cook says it has truly been an amazing year for apple. >> it has been an incredible year. with all of these new products in all of the applications and cloud services, th

. >> that is the vice president of apple, fel--phil schiller...and gabe s--- was ther >> here it is, the ipad mini with just one hand. it seems that everything wanted accept the price. let us take a closer look. this new ipad is just two-thirds the size and it felt really light. it has a 7.9 itc inch screen. it is 7.2 m m. nearly the thickness of a pencil it is very light weight. and it is under 1 lb. with a high definition forward facing camera and on the backside a five-so,. and this is a new lightning dock...your exisitng accessories. will not work .. this entry level in 16 gb why fight will be $330 toward if you have more storage with why fight--it is actively $330 even going up to $660. it will be shipping on november 2nd. you can pre-order tomorrow. and is much more portable. this would be great for your pocket, and if you want a tablet to take you with you everywhere. if you are going to have with you this could be the perfect item. we thought that it would be $ 2004 the other templates but apple want high gear. it will be interesting. was thought that it was going to be initi

i think the hotel, and abe schiller, one of the hosts and those two guys, two irish guys no, two guys >> that's right. i understand that they were in town not too long ago and paul said, paul is the one still with us, thank god. paul said, i went to see him, he really does insult you. he insults ya. i used to make fun of him because they talk like that, but they're billionaires so i start kissi ing their, you know what mean. >> jimmy: you spent time with this afterwards. do you remember that? were they a big deal then? >> paul liked to put the blanket over me. if there is another outburst i'll clear the room. [ laughter ] the black folks can stay. >> jimmy: that's nice. very nice. >> find out how the debate is going and i'll let you know if they can stay. it's -- what was i saying? >> jimmy: talk about the beatles -- >> they were great. for them to see me, it was at the very height when they just arrived in america. people were going bananas. >> jimmy: they found out about you and wanted to see you but did they not know you were going to make fun of them while they were in the audienc

the kay schiller eler in decksd that home prices found. >>> a 250,000-pound crane dangling above midtownthreatening to wreak further havoc on a city already under siege. this is the actual moment. i want to show it to you again when the crane broke loose yesterday. you can see it upright and then just literally bent overbackward, slams into the side of the apartment building that it sits alongside. that's an ultra luxury apartment building in the center of manhattan. 57th street in the center of the island. and tallest residential building under construction in the city. the crane stay thad way for the rest of the day and the night. swaying back and forth, just dangling there. prompting police to evacuate the surrounding buildings, including hotels, offices, and apartments it hasn't stopped crowds from getting a look. alina cho out front on this story. >> reporter: good evening, the $64,000 question is when will that be fixed? tonight, mayor michael bloomberg did offer a glimmer of hope. he did say that that crane dangling 1,000 feet above the ground behind me, they are hoping they will

looks like the case schiller's have turned and instead of worrying about house prices falling the consumer is going to start worrying about house prices increasing. liz: we have american express numbers sorted out and there was a question on the eps number but stock is moving slightly lower. let's get to robert gray. robert: we are seeing them and revenue numbers coming in missing estimates. part of the reason the weakness year, $7.86 billion slightly below the uptick was $7.90 billion so a might be a rounding error but it is light and you are looking at $1.09 for continuing operations in line with estimates. meeting the bottom line and missing the top, american shares down after hours. we will be back with any new headlines. liz: the u.s. cardmember spending metric shows u.s. card members spending 8% to the upside this quarter. card service was down 5%. i wonder if that has something to do with it as well. let's go to jamie cox on american express. >> you have to look at the future. there was a deal wiih wal-mart with this bluebird opportunity where they go after a lower end consumers. wh

the kay schiller in decks showed that home prices found. >>> a 250,000-pound crane dangling above midtownn and threatening to wreak further havoc on a city already under siege. this is the actual moment. i want to show it to you again when the crane broke loose yesterday. you can see it upright and then just literally bent overbackward, slams into the side of the apartment building that it sits alongside. that's an ultra luxury apartment building in the center of manhattan. 57th street in the center of the island. and tallest residential building under construction in the city. the crane stay thad way for the rest of the day and the night. swaying back and forth, just dangling there. prompting police to evacuate the surrounding buildings, including hotels, offices, and apartments it hasn't stopped crowds from getting a look. alina cho out front on this story. >> reporter: good evening, the $64,000 question is when will that be fixed? tonight, mayor michael bloomberg did offer a glimmer of hope. he did say that that crane dangling 1,000 feet above the ground behind me, they are hoping they

kay schiller putting out its report on home prices for august.cross the 20-city index it rose 2% from a year earlier, the san francisco bay area posted a 5.3% gain and was up a half percent in august from july. continuing to see the housing market come back in regards to not only prices but also sales and now we're seeing builders get a little more active. shake-up at apple. a software developer john forstall with apple for 15 years in charge of mobile development. "new york times" says his ouster comes down to the flap over the map replacement of google maps saying that he refused to sign an apology for the issues surrounding that which eventually forced ceo tim cook to apologize publicly. never good when your boss has to apologize for something you didn't want to do and also the company's retail met john browett out after six months on the job at apple. we'll see how wall street reacts to all the news when it reopens. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> we are following breaking news right now. firefighters are battl

one thing we need to consider, we have had good reports with the schiller home price index increasingsince august which is the best we've seen in two years. >> right. >> we expect everything to go back to normal come tomorrow. >> all right. we have 30 seconds on the clock. andrew keen, what are you looking for tomorrow when the opening bell rings? in terms of this final day o the month. how does that play out? >> the futures open in an hour and ten minutes and we actually rebounded. we were down to 1393 in the s&p 500 futures then got good news out of europe as well. we see the euro rally. bp and deutsche bank come out with positive results. we also had case-shiller which was good. there's a bud bullish sentiment despice sandy. the last day of the month will be critical for hedge funds and mutual funds who close their books tomorrow. we might get light value yum with apple news as well. i'm going to watch all these through tomorrow. >> paul christopher, you're up real quick. what do you want to look at tomorrow? what does that mean that end of month balancing from hedge funds? what do

. >> there is an ipad maman ma ....mini h>> phil schiller, at the san francisco fare debut in thepple mini.. >> this fits right in your hand is seems everything that people wanted an expected except the price. let me show you a closer look. i will be right at the existing ipad and it is about two-thirds the size. let me show you it felt really light. and thin and very lightweight with a 7.9 in. screen. and this is similar to the ipad 2 7.2 m m is about the thickness of the council. and very light weight under 1 lb.. because of the -- lead pencil. and with forward facing camera and also the thickness of a lead pencil. this would be more convenient for picture- taking. and a new likening t--dock.. these require new accessories. let me show you the price. this was a big shock. in the high-tech community. entry-level 16 gb is $330. and if you have more storage ever stand-but it could be $686. pre-orders on friday and it will ship on november. the what about this price that you have heard complaints. is it too much for this? >> we thought that it would be around $200. this is competing

robert schiller was on earlier this morning with rick santelli. he said he wasn't convinced recovery is really here and that there's no urgency to buy homes. but then roger altman said a housing boom is coming. i'm leaning toward the laert based on supplies and demographics but with a big caveat here -- that boom is not coming any time soon. still, if you are playing the stocks, better to get in before the boom. right? we know that's been the case with home builders but more than 140 companies across about 30 sectors are already directly benefiting from the turnaround in housing. that according to john burns real estate consulting. take a look at year over year stock price appreciation for companies that make wall board. that's u.s. gypsum and eagle materials. also flooring company stocks up 124%. that's your lumber liquidators and armstrong world industries. equipment rentals are up 76%. then there is the unexpected plays like those that are big into land which are up 56%. that's the st. joe company, the howard hughes corp., for rester group. or

home prices rising in august according to the latest case schiller report.were up 0.9% from july on a non seasonally adjusted basis in line with expectations. the german drug maker bear is buying its manufacturer to $1.2 billion offering shareholders $34 billion a share. that is a 40% premium over friday's close. the move was an excellent strategic fit for the health-care business and that is the latest on the fox business network giving you the power to prosper. liz: the impact of skinny stretching from wind and rain damage to legal issues sure to come. your neighbor's tree falls on your house. who is responsible for this? who else can tell us the inside details on this than judicial analyst judge andrew napolitano. let's start with the most obvious. i have received tens of pictures, many of which include trees falling. give us the scoop on that. neil: -- judge napolitano: the owner of the property is responsible for any damage caused by the tree unless the owner is the government. the government doesn't have a degree of culpability as we private citizens d

. >> to the cme group, rick santelli who already had a fantastic interview with robert sh schiller thishe cme for letting that happen. yesterday steve liesman with his interview, with of course mr. erskine, mr. bowles and lloyd blankfein was an a plus, plus, plus, plus, plus and i particularly enjoyed some of the dialogue between mr. blankfein and steve regarding the fiscal cliff. debris there is an upside to the fiscal cliff but i think traders on this floor, they look at the fiscal cliff in a much different way. i'll tell you what i mean by that. we have fiscal cliff but what traders say is, that the real issue is the philosophical cliff, and i'll tell you what i mean by that. the fiscal cliff issues, you look at the markets, they seem nonplussed, okay? if build blankfein's right there's a bigup side if we solve it. if t wasn't that many days ago we were hovering at multiyear highs. i personally think the equity market's hanging in just fine. one would think if mr. blankfein had it pegged, there would be more pressure to allow for the rally. here's what traders say. this isn't politic