but as seema mody found, there may still be some value plays out there. >> reporter: it's getting tougher and tougher finding value in this market, but there are a couple of what experts say are deep value plays, beaten down names that are still pumping out earnings. first up, joy global, mining and equipment maker with shares down about 9% this year, analysts say it trading at an attractive evaluation compares to peers in the industrial sector and the global economy is expected to result in more depend for invest yell names. in the retail space, american eagle down 25% in the past three months. they have been cautious due to the high environment and low store traffic. that's what hurt earnings in q 2. add to that, a colder and wetter spring resulting in less demand for summer wear, although, analysts say the teen retailer could benefit from the upcoming holiday shopping season. >>> switch to tech, ibm, yes, a tough couple quarters for big. >> you, that's result in a beaten downstair price but they are cheering the dividend yield of 2% and its plans to continue to find new growth opportun

good morning, seema mody. >>> we start with the market futures. the dow hit another record high. can you believe it? investors are anticipating the fed will hold off on reducing its stimulus programs when it wraps up its meetings amid concerns about the economy and the budget site in washington. we get data out on private sector growth and consumer prices as well as comcast. a parent of nbcuniversal and gm. the nasdaq rising about i 12. twitter making some xhanchanges ahead of its upcoming ipo. when users logon, they will see photos and video previews in their timeline feed. previously, you have to click on the link to access photo and video. they could help them sell more ads with visual content. they say the data disclosed was far big thaeger than previously thought. hackers access data from more than 38 million customer accounts. adobe said attackers took credit card information and other data from 3 million accounts. they say they are not aware of any unauthorized activity on those accounts. >> seema mody, as always, appreciate it. thank you very much. >> halloween coming a l

seema mody joins us from the nasdaq exchange. you had a chance to look over the numbers.he one take away you see in facebook's third quarter numbers? >> sure, susie, what is getting investors excited is facebook is making more money on mobile, sales from mobile adds made up 49% of facebook's total ad revenue and saw a jump in mobile agentive monthly users. it's driving more users via mobile phone and strengthening the mobile growth strath strike that sgee and that's what they really got this quarter. >> seema mody reporting from nasdaq for us. >>> meanwhile, bump the opening bell this morning, general motors said profits fell moreç than 50% but the quarterly number was still better than wall street estimated. the auto maker reported strong sales of pickup trucks and said european operations are improving but still posting heavy losses. phil labeaux has more. >> reporter: general motors is revving up profit excludeing special items they made 96 cents a share, 2 cents better than expected. >> revenue up, cash up, strong quarter across the board. >> reporter: gm is making m

i'm seema mody with this news alert. a wild scene at two walmart stores in louisiana over the weekend. there was a huge outage in 17 states preventing stores from accepting ebt cards which are basically food stamp debit cards. but these two walmarts processed the transactions, even though no money was being debited from the customers' accounts. word spread quickly and the store was packed with people filling their carts to the brim. eventually the system came back up and people just abandoned their full carts and left the shelves looking as if they had been ransacked. walmart said it accepted the cards during the outage so people could have food for their families. and xerox said there was a problem with its back-up system and when it tried to fix the issue, that ended up causing the outage. >> unbelievable. >>> now we're going back live to washington, d.c. for the latest on the budget negotiations. do we have a deal? that's going to be next up on "the kudlow report." americans take care of business. they always have. th

for that, we turn to cnbc's seema mody. hi, seema. >> good morning, page. investors appear unphase eunfaz shutdown. hyundai, people who lease or buy a vehicle this month won't have to make payments until january. the shutdown may not derail the housing recovery, but it could delay the mortgage process. most home loans take 30 to 60 days to close. when banks consider mortgage applications, they pull a borrower's tax records from the irs, which is closed due to the shutdown. back over to you. >> thanks, seema. sports is next. >>> first, shutdown fact number three, members of congress will still be paid during the government shutdown. a rank and file member of congress makes an annual salary of $174,000. members holding leadership positions make between $193,000 and $223,000. we'll be right back. >>> government shutdown fact number four. a herd of goats helping to graze through the poison ivy-infested gateway national recreation area in sandy hook, new jersey, they're off the job. the program is run by the national park service, a victim of the shutdown. >>> n

. >>> taking you down to business and seema mody. good morning, seema. >> good morning, richard. facebook delivers mixed news. profit beat forecasts as revenues surged 60% with nearly half of ad revenue coming from mobile devices. but the social media giant says user activity is dropping, especially among younger teens. >>> mcdonald's teams up with kraft to test sales of mccafe packaged groceries in stores. they've gotten a big boost from the launch of mccafe which include coffee and espresso drinks. >>> halloween isn't about free candy. several restaurants are offering free eats on what's one of the slowest days for business. ihop is giving all kids a scary-face pancake. at krispy kreme, anyone who shows up in a costume walks out with a free doughnut. how about that? >> done and done. forbes list of the most powerful people is out. coming in at number one is russian president vladimir putin. at number two is president obama. number three is xi juping. and german chancellor angela merkel is five. >>> sports is next, including a big announcement from iverson and beckham. >>> plus,

. >>> now for business and cnbc's seema mody. >> richard, walmart is kicking off promotions today ofut 25,000 u.s. employees as it tries to send a message it offers job security and opportunities. the mostly hourly workers will be promoted to different jobs, some to store management and receive higher pay. >>> google plans to ex-paneled the rollout of its wearable glass technology in the coming weeks. reports say while google won't sell the device to the public next year, it will let existing owners and friends to buy one. >>> stock futures are higher now after a mixed close on monday. investors get data today on inflation, home prices and consumer confidence. and keep in mind the fed begins a two-day policy meeting. back to you, richard. >>> sports is next including "monday night football." highlights of the world's best lumberjack. but first, on this one-year anniversary of hurricane sandy, a question. with a diameter of over 1,000 miles, sandy surpassed what other atlantic hurricane to become the largest in history? was it igor? katrina? andrew? or irene? the answer when "early to

seema mody explains why gold's recent trouble could have to do with india and demand. >> late octoberis when we typically see consumers in india flock to their local gold shops to stock up on jewelry and gold coins. but analysts are saying this year, demand might not be as strong. india's slow economy, depreciating rupee and rise in inflation. add to that a high import tax on gold makes it even more expensive for indians to buy gold in rupee terms. traders say that's concerning given that india is the biggest buyer of gold, making up 20% of world's consumption. typically gold shares rise 2% around the volley. but this year we aren't seeing that big move in gold. according to the local merchants i spoke to in new delhi and mumbai, they're considering alternatives like silver. silver won't be able to fully replace gold's important role in weddings, religious events and festivals. experpts say regardless of the current state of the economy india will always have an insatiable appetite for the shiny yellow metal. demand just might be lackluster this holiday season, maria. >> thank you so

. >>> time to your first look at business with seema mody. good morning. >> futures right now are lower after stocks posted modest gains on tuesday. investors appear unfazed by the government shutdown on hopes it will be short lived causing limited damage to the economy. in other news, hyundai is deferring car payments for federal workers who have been furloughed during the shutdown. people who buy or lease the new vehicle this month won't have to make payments until january. the shutdown may not derail the housing recovery, but it could delay the mortgage process. most home loans take 30 to 60 days to close. but when banks consider mortgage applications, they pull tax records from the irs which is closed due to the shutdown. >> that will cause some problems and a lot of frustration. >>> now let's get the latest in sports from page hopkins. >> national league wild card reds, pie the rats. in the bottom of the second, reds third baseman todd frazier with this sweet diving save. and in the 7th, russell martin blasts this homer. 6-2. and the pit

seema mody has your first look. dell seems a little late to the game, doesn't it? >> yeah.ly does. this is the game they're trying to play in. pc sales are slumping an as as consumers are shifting to tablet space, dell unveiling four new tablets trying to play catch-up the venue 7 and venue 8 pro starting at $299, windows 8.1 operating system. dell also updated two books to have the power of a desktop and portability of a tablet. it's no secret dell is late to the game. when i spoke to vice president of dell, he acknowledged this would be a tough road ahead but that dell is aggressively focused on targeting the tablet space. keep in mind, dell has about a 0.2% of the tablet market right now so they clearly have to put this in focus to gain more market share. >> seema mody, thanks very much. >>> meantime, reuters reports says three of microsoft's biggest 20 investors are calling for bill gates to step down as chairman of the board. let us bring in ubs brent phil, lance. brent and lance, thank you very much. brent, as an analyst, do you think bill gates should step down? does

seema mody breaking down how the widely held list is changing. >> that's right. the top 10 held stocks by mutual funds similar to last year. one difference is that according to morning star, google, apple and microsoft are the top three holdings financial heavy weights wells fargo and jpmorgan in fourth and fifth while exxon mobil and j&j other slow growing high yielding dividend stocks have moved down. more tech on the top. given the tech dominance the average dividend yield that the top ten widely -- wildly held stocks is down 2.58%. a slight drop. you would think given the low rate interest rate environment the street would be prioritizing high dividend yielding stocks. but capital management says with an uptick in economic activity growth stocks are primed for outperformance and says the dividend income play in this low rate ep virmts is overcrowded. tyler and sue. thank you very much. we're back with td ameritrade president tom bradley. seema mentioned something interesting. the low interest rate environment. that's a big concern for your clients because the

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. >>> and after your first look at business, we turn to seema mody.ood morning. >> well, futures are higher after the dow hit a record high on tuesday. investors are anticipating the federal reserve will hold off on reducing its stimulus programs when it wraps up its meeting today amid concerns about the economy and budget fight in washington. speaking of the fed, senator rand paul has told majority leader harry reid he plans to hold up january he yellen's nomination to be fed chairman. he wants the senate to consider a bill to increase the transparency of the fed. and we could be facing a wine shortage in the coming years. morgan stanley cites decreasing production and demand stays pretty constant. >> terrible. thanks so much. >>> holiday a-listers are lining up to give mitch mcconnell a heave-ho. [ female announcer ] you tweeted, posted and cheered about yoplait's fall favorites. so we brought pumpkin pie and apple crisp back for a limited time. see? you really do call the shots. ♪ yoplait. it is so good. he was a matted messiley in a small cage. ng

first seema mody with why gold is a very big deal. >> it is, tyler. india buys about 20% of the world's gold. and demand typically fades around now as indian consumers load up on gold jewelry and coins ahead of the festival. in response, shares on average gain about 2% ahead of this festival. but this year we aren't seeing that big move in gold. analysts are predicting that gold demand in india will be weaker this year as consumers battle a slowing economy, rising inflation and a depreciating rupee. add to that high import tax, which makes gold even more expensive in india. so if indians aren't buying gold, what are they buying? according to the local merchants i spoke to new delhi and mumbai, silver. it may not carry the same prestige, but it is cheaper and thus a good alternative. but silver won't be able to fully replace gold's important role in weddings and religious events. that's why some experts say that regardless of the current state of the economy, india will always have a strong affinity for the shiny yellow metal. demand might not be as st

with that and the rest of the news before the bell let's turn things over to seema mody. good morning. >> jon, good morning. futures lower after stocks pulled back on the fed decision yesterday to hold steady on monetary policy. the fed saying that the economy is still too weak for it to cut back on its stimulus program. we get unemployment filings and manufacturing, plus earnings from oil giants. the dow falling 61 points, the nasdaq losing 21. fa facebo facebook, revenue surged with half of the ad revenue from mobile devices. the giant says user activity is dropping especially among younger teens. analysts have been warning that facebook is losing its cool factor. jon, halloween isn't just about free candy. several restaurants offer free eats to lure customers on typically a slow day. families normally eat at home before taking the kids out. among the deals, kids eat free at allive garden, long horn steak house with the purchase of an adu duldult entree. a pancake has a whipped cream smile. and lastly krispy kreme, any one shows up in a costume will walk without a free

for more, let's turn things over to seema mody. >>> good morning, that's absolutely right. stocks posed a gain. hoping that it will be short-lived. we get data on private sector job growth. the adp could take on added weight for economists as the labor department may not release the monthly job reports on fridays due to the government shutdown. the nasdaq, adding 46. freshry secretary, jack lieu, says he is using the final set of financial tools available to help the u.s. avoid the debt ceiling. he says the government will exhaust borrowing ability on october 17th and have less than $30 billion in cash to pay the bills. he is urging congress to immediately raise the debt limit or raise default. that may not derail the housing recovery. it could delay the mortgage process. most take 30-60 days to close. they pull a barrower's tax records. >>> rob is in for christina. what are we looking like? >> fog, mostly clear, a little chilly. the real taste of fall. 40s and 50s for the morning but 70s by the time we get to the afternoon. 55 in san francisco. a chilly 48 in napa, if you

for that and the rest of the news before the bell we turn to seema mody. good morning. >> good morning. futures higher after a mixed close on monday. s&p 500 rising for the eighth time in nine days hitting another record high. a report on industrial production topped forecasts but operate data showed a drop in pending home sales. data today on inflation and consumer confidence and the fed begin as meeting, the dow slipping one point. as you said wall street will watch shares of apple. the quarterly profits fell for the third period though they did beat forecasts. thanks to the launch of the iphone 5 s and 5c. google is set to expand the roll out of its glass technology. reports say it will release more units of the devices in the coming weeks. only about 10,000 have been given out so far to contest winners and early adopters. similar to how it introduced gmail reports say google will let existing owners to invite a small group of friends to buy. >> thank you so much. $8 for a gallon of milk? that could be our reality if congress does not pass a new farm bi

for that are and the rest of the news we turn things over to seema mody. good morning. >> good morning. u.s. markets expected to open higher as we kick off a full week of data and earnings report. people will watch for pend home sales and the manufacturing data to be released. we'll see earnings numbers from companies including apple, merck and herbal life. apple it is slated to report its earnings after the closing bell and expecting it to beat street estimates as a result of record breaking phones of new iphone models. last week all eyes on twitter. the mid-atlantic today with a meeting in baltimore as twitter executives do their best to woo investors before the stock goes public. the new york stock exchange saying it's executed a successful test run of the ipo. back to you. >> thank you so much. >>> it's 4:46. almost a year after superstorm sandy, devastated the northeast, a historic tourist destination street reopen. ellis island suffered severe damage in the storm. at one point it was under eight feet of water. since then the national park has undergo

seema mody joins us with more. what's the one big take away from these numbers? >> tyler, the mayor take away when you look at the microsoft's earnings report is the company is finding ways to offset slowing pc sales. that's the big concern of late. it's device business including the xbox, that business continues to grow and sending consumer demand into price and enterprise and cloud computing business thanks helped microsoft deliver that solid beat. >> we'll come back to you in just a minute, so sit tight. >>> to amazon.com where the world's biggest online retailer saw the revenue rise but it reported another net loss for the third time this year. 9 cents a share excludeing certain items just as analysts predicted. but revenue came in higher than expected, topping $17 billion for the quarter and shares took off in after hours trading. so s so seema back to you, what do they see? >> look at the chart, that tells you the story. wall street doesn't care amazon isn't profitable as long as it has expansion. it's not strong overseas, that trend doesn't seem to be stop

seema mody tweets @seema cnbc. good morning. >> hello, scott, my friend. futures are higher after a mixed close on monday, the s&p 500 rising for the 8th time in nine days. a report on industrial production topping forecasts, separate data showed a drop in pending home sales. invest gers get data on inflation, home prices and consumer prices and the fed begin as two-day policy meeting. i'm going to continue to follow you on twitter. >> fair enough. apple reported profits after the closing bell monday afternoon, the company said it sold more iphones than expected but profit was not as high. one interesting tidbit tim cook stead new ipad mini, the 399 one there in the video w the better display, may be in short supply for christmas. you might think that's good, that's going to be the hot christmas. any time you're not selling something because you're short on it that's bad. >> not the only supply and demand. >> yeah. you love being in the news about you're the hot gift but not if you're not selling them. >> not if you don't have it. >> let's make sure that s

seema mody has more for us from cnbc hq this morning. seema, what are they going to say?llo, ross. apple is slated to report its earnings after the closing bell in the u.s. many analysts are expecting them to beat street guesses. last month the company updated its outlook to say it expects revenue and gross margins to be at the high end of its guidance range. while that all sounds like good news, they are seeing the sales in iphones and macs down. the ipad air announced last week are important for forward guidance in holiday sales but will not play a big role in the earnings announced today. shares of apple while trading below its 2012 high of 705 has gained 20% in the past three months. it's trading at 525 a share. brian marshal who has a strong buy rating on the stock says catalysts include global rollout of iphone 5cs, 5ss. launch of a highly anticipated five inch iphone and new products like an iwatch or itv. all of these factors could help restore faith in apple's innovation and company's brand image. ross, back to you. >> it's a big day. the full year, it will be th

let's get a market preview with seema mody. good morning. >> good morning, scott. we're looking at futures lower after stocks pulled back on the fed decision yesterday to hold steady on monetary policy. the fed saying the economy is too weak for to the cut back on its stimulus program. we do get data on unemployment filings and manufacturing, plus earnings from oil giants. the dow falling 61 points, the nasdaq losing about 21, and it will be interesting to see how facebook opens after results last night. >> don't do that. not do this next story. and laura and -- we have technical difficulties. it will be about airplanes, though. i'm flying blind. there may or may not be airplanes on the screen. i'm going to throw it back to you. we'll talk about the nsa and its involvement in messing up our television. >> it is halloween. spooky things always happen. >> one time we went life from the mystery house and things were just going hay wire. >> have you recovered? >> no. i need go home. back to bed. >> christina loren is here. a crisp start and halloween on the way. >> it'

to are more, let's check in with seema mody live at cnbc world headquarters. she is live with that and so much more. good morning. >>> good morning to you. futures are lower after stocks posted modest gains on tuesday. investors appear unphased by the government's shutdown on hopes it will be short-lived causing limited damage on the xle. it could take on added weight from economists as the labor department may not release the monthly jobs report on friday due to the government shutdown. the dow rising 62 and the nasdaq, 46. treasury secretary, jack lieu, says he is using the tools to help us avoid the debt ceiling. we will exhaust our borrowing activities on october 13th. owe is urging congress to immediately raise the debt limit or risk default. hyundai is learning a helping hand to help workers that are furloughed. people that buy won't have to make payments until january. they won't have to pay until they go back to work. hyundai received a lot of publicity in 2009 when it offered customers that lost their jobs a chance to return their new cars for a refun

. >> let's look ahead to seema mody. good morning. >>> good morning, scott. futures right now are looking higher indicating a higher open when the markets open after the dow hit a record high on tuesday. investors are anticipating that the fed will hold off on reducing its stimulus programs when it wraps up its meeting amid concerns about the economy and the budget fight in washington. we also get data out on private sector job growth that just took place. the dow jumping 111 points, rising about i 12 to close at 3952. you have to take a look at the nasdaq. it is approaching 4,000. >>> facebook reporting profits after the end of the trading day today. linked in opened the books tuesday afternoon turning in great numbers. the company's growth has been so phenomenal, analysts are concerned it is slowing. linked in is going from awesome to amazing. that's disappointing some people. their stock is up about 125% this year. >> you guys are always awesome so it doesn't matter. thanks a lot, scott. thank you. >>> a brazilian surfer a real life hero after saving a wom

let's check where we are at the nasdaq site with seema mody. >> clearly a lot of optimism on the street. we're looking at the nasdaq as well as the nasdaq 100 hitting new highs. in terms of the different sectors feeling the nasdaq. let's start with large cap tech. that sector on the whole posting gains. you're looking at yahoo! intel, both of which kicked off tech earnings last night on the move. semiconductor stocks that sell their chips to the technology companies are outperforming the tech heavy nasdaq and given the focus on the debt ceiling, what's interesting is that john at oppenheimer said investors are become more cognizant to the debt companies carry. out of all the companies on the s&p 500 that are debt less 50% are in the technology space. technology has the lowest debt to total asset ratio. experts say that could be a catalyst for the tech sector in the coming months. lastly another bright spot for the nasdaq. biotech. in comeback mode. looking at reagain ron shares leading the index to new highs. >> all right. seema, thank you very much. joining us from capitol hill is repr

seema mody breaks it down for us. >> further dysfunction in washington pushing nasdaq off the highs.up as much as 5%, now treading the flat line. within the large cap tech space it's a mixed picture. all eyes on intel and yahoo!. analysts say earnings from these two will set the bar on what to expect from other tech giants this quarter. another big story in tech, or fashion for that matter, apple, hiring burberry ceo. at first glance one might say, what does apple have in common with burberry? the two iconic brands might have more in common than you think? burberry's trench coat, sleek, stylish, similar to the iphone. our hands will be helping with apple's retail expansion. it will be interesting to see what other ways her background in design will also be used by apple. >> what i love is my burberry trench coat has a real keyboard, too. >> the macintosh. >> thank you, seema. >> ten minutes before the closing bell sound for the day. a market down 113 points as we await solutions in washington. >> what a frustrating day again. red arrow again, no deal in the offing. is this a deal to

let's get to seema mody for the major takeaways this far and what they say for the second half. >> here are the major takeaways. first 69 % of companies have beat earnings estimates. analysts say this suggests lower earnings driven by cost cutting. second, cautious outlook for q4. according to thompson reuters we have seen 39 preannouncement. third, the government shutdown has been mentioned as a concern by several firms, according to facts. some mentioned the negative impact of the company include citigroup, linea tech and stanley black & decker. now the street is waiting for apple reports. they write regardless if the stock is higher or lower after the report, the next day after earnings, apple trades lower 65% of the time. so, maria, we'll have to see if apple follows history or bucks the trend. >> seema, thank you so much. one company in that 50% is owens-corning which reported third quarter numbers last week. earnings and revenue coming in below expectations for the company. so intre gral to the housing market which makes materials like insulation, so many other materials that go i

seema mody, let's go to you at the nasdaq. that index has taken it on the chin since the fed statement, too, right? >> that's right. we're trading around session lows right now. nasdaq down 20 points. bill, with over 80% of stocks on the nasdaq, 100 up can double digits this year, some say this market is getting frothy. out of these big gainers, only three stocks are up triple digits this year. up more than 100% year to date. tesla, netflix, micron tech. these three stocks are now trading lower today as we see some money being taken off the table. now, in terms of bright spots, gillead sciences, the best performing nasdaq 100 stock after posting another strong quarter with help from its hiv franchise which continues to grow. on this down day, apple shares bucking the trend, up 2%. lastly, three ipos at the nasdaq. a strong debut for all three but especially for criteo, french advertising firm. french ipo on the nasdaq in over ten years. you can see shares up better than 20%. >> we have breaking news on the fall of former brazi

seema mody at the nasdaq with details. >> that's right. nasdaq turned positive around noon on hopes of a deal in washington coming together. so, what's fueling this index? those momentum names that sold off hard last week are now staging a comeback. many are in the social media space. then have you biotech, another high beta sector that was hit. that continues to weigh on the nasdaq. but now posting gains, celgene, regeneron. apple is coming back, the 5s are outselling 4 models by two to one margin. and then lastly, netflix on the move as the company is said to be in talks with cable providers, including our parent company comcast, to allow its service on cable box. bill and kelly, back to you. >> seema, thanks much. today's news may take netflix stock even higher. in line to offer online video services via comcast and other cable operators. is netflix a channel? is it an app? >> is there anything it's not at this point? >> it's something entirely new for the next generation of set-top boxes. now they have this production deal we're just h

i'm seema mody. how mutual funds are impacted by the government shutdown.tual funds on average have been outperforming the s&p 500 in 2013, however deutsch bank indicates just in the last two weeks, this trend has reversed. according to lipper funds the last time we saw an outflow was in 2012 around the fiscal cliff negotiations. analysts say this clearly indicates that d.c. dysfunction does have an impact on mutual fund activity. a majority of mutual funds are owned by retail investors. ici reports that in 2012 roughly 44% of u.s. households owned mutual funds. analysts write this recent underperformance suggests mutual funds are highly exposed to the momentum players, many of which are in the biotech space. while momentum stocks have rebounded recently deutsch bank says the fact that mutual funds have outperformed so much since july suggests that a momentum unwind could have further room to run as mutual funds trim their outperformers. simon, back to you. >> thank you very much, seemap. in the meantime applying for college got a lot more stressful. that a

joining us is john forth the and seema mody. >> great. >> everybody can hear me.dell making a bet on tablets, unveiling their venue line of products today. john, strikes me this lineup would be terrific ten years ago. >> yeah. maybe even two or three years ago. i got to tell you, though, at $299 for the 8 inch, it's a tough comparison with amazon's line starting at $139 at 7 inches and going up to $229 for the hdx and then the ipad mini with a lot more apps is right in that price at 379s. $500 for the big dell. that's really tough. a lot of people have not succeeded there. >> seema, i'm not going to ask you what kind of computer you use, but i mean is anybody going to buy a dell just because it's now a privately held company and this new lineup? it's got nothing going for it right now. >> that's a good point, but i think these four new tablets that dell just came out with, the specs look competitive with what is on the market as john was just pointing out. price point will be key. the venue 7 at $149. that might be appealing to the consumer that doesn't have a tab

. >> the defensive sectors are getting hit during the shutdown, seema mody at the nasdaq with more. >> simon, that's right. during the 1995 government shutdown, utility and health care stocks actually outperformed while risk sectors like technology underperformed. now this trend holds true today. we're looking at defensive sectors down on the day. just this month alone utility stocks and consumer staple stocks have gained momentum while technology continues to sell off. now analysts indicate these defensive names even after a resolution is found will continue to get a bid. we what i not see this comeback in high growth sectors like tech and while we've seen a run up in consumer staples take a look at safeway and walmart, both of which are trading at a discount to the s&p 500. while southern company exle energy, conedison and entergy are trading at a price to earnings ratio lower than the benchmark. brian at isi says it if you're looking at playing tech stick with the incumbents like cisco and vm ware. back over to you. >> thank you very much. >>> a should tautdown tale wort than $200,

i'm seema mody. it was a big day on wall street.es that there will be a big deal in washington on the debt ceiling and the government shutdown. the dow ending up 2%. the s&p adding 36 points, and the nasdaq witnesses its biggest intra-day move since january of 2013. the yield on the ten-year note rose to its highest level in two weeks, and then the u.s. dollar staging a comeback today. the dollar has been under pressure recently because of the uncertainty coming out of washington. now back to equities, because that's where we saw the big moves. all ten s&p sectors ended in the -- in positive territory. health care especially biotech the biggest gainer. in fact, this high beta sector was hit hard earlier this week. analysts though say the move was inevitable given the big run the stocks had been on. tomorrow we will turn our attention to financials, jpmorgan will be the first to report earnings this quarter. wells fargo also out with earnings this the morning. larry, given the dysfunction in washington, earnings will be a focal point

. >>> welcome back to the "halftime report," i'm seema mody with a story we're watching on the nasdaqdex, as well as several other nasdaq indices, including the biotech index and nasdaq 100, have not updated since 11:53 a.m. but the stocks on the indices are moving and trading. we're looking at the specific indices. now, the nasdaq omx is investigating the issue with the dissemination of the global index data service 2.0 index data feed. the issue is under investigation according to the nasdaq, and they will be sure to follow up with us with any further details. that is the latest. scott? back to you. >> seema, thanks. important to underscore, not affecting trading in the nasdaq stocks. let's talk about one, yelp. tripling this year alone, but the high-flyer has lost altitude, and with earnings four hours away, should you be a buyer or seller heading into the report? we debate it. pete is the bull -- actually, no. john's the bowl. sa -- bull. tell me who's debating. >> murph against me. >> these guys have revenue growth like crazy, 46% industry average 7%. and you love the yelp positi

the nasdaq is especially strong today, seema mody. technology stocks are back. >> best intraday game for the nasdaq since january 2013 as you just pointed out, on hope of a deal coming to fruition in washington. in response risk averse sectors including momentum players we've been speaking about that were hit hard earlier this week are now staging a comeback. internet names like netflix, social media players, facebook and groupon, outperforming traders, pointing to sure covering on those names. then there's biotech. one of those high beta sectors that sold off earlier this week. now in comeback mode. citi says the selloff, what we saw -- the selloff we saw was inevitable as many of these names were trading in overbought territory. among the large caps, citi still favors gilead sciences and celgene. finally, blackberry saw an intraday pop on news that the co-founders have increased their stake to 8% in blackberry. the sec filing also indicates the two former executives are eyeing a potential takeover bid. the blackberry story is still

seema mody has been keeping an eye on things at the nasdaq.at index harder hit than the dow today. >> seems like this risk off approach to trading today. we're seeing sectors like biotech sell off. the three worst performing stocks on the nasdaq 100, all biotech. regeneron, amgen and vertex. facebook lower. apple shares topping the tech analysts. they say gross margins are likely to be better due in part to strong iphone demand. and nontech, rangold resources. lastly, blackberry. we don't know the fate of the company. reuters citing sources as reporting blackberry is in talks with cisco, google and s.a.p. that buy outspeculation seems to be helping the stock move higher. it was moved to neutral hoping a dewill come to fruition sooner rather than later. >> seema, thank you. will buy oout talks make blackberry a buy. >> it has been since this deal was announced. we want to bring in colleen taylor from tech crunch, believing it goes higher. michael raider believes the company has bigger prisons on its hand. why would you be a buyer? >> i think th

seema mody is live at the cnbc headquarters with more. >> hi, dee. york's famed building sold 75.1 million shares at $13 each. that's the low end of the expected range. now, the deal raise the just under $930 million, giving the firm a market capital roughly $3.2 billion. the company owns 19 properties in new york and connecticut, but the centerpiece is arguably the most famous building in the world. the empire state building opened in 1931 and had 132 stories. it held the title as the world's tallest building until 1972. analysts say investors may have been put off by the company's unusual structure and had concern about how much revny the observation decks can generate. two other companies will list on the nyse today. above the expected range, raising $194 million. the company was founded in 1973 and now has more than 90,000 real estate agents and 6300 offices in more than 90 countries. burlington stores, the parents of the factory chain crisis offering $17 a share above the expected range about $227 million before the sale of additional shares to

seema mody joins us with more from the cnbc headquarters. absolutely, dee. jpmorgan is locked in a dispute with the fdic over responsibility for losses at the former washington mutual. jpmorgan bought the sales bank and mortgage lender from the fdic for $1.9 billion at the height of the financial crisis. jpmorgan has said in s.e.c. filings and court proceedings that its liability is limited when it comes to reimbursing investors who lost money on washington mutual mortgage-badged securities. "the wall street journal" reports the jpmorgan insider is helping the justice department with its probe of the bank sales of mortgage-backed securities. it's unclear whether this person is still working p morgan, but he or she has supplied documents, e-mails, suggesting the bank vastly overstated the quality of mortgages bundled into investments. jpmorgan shares were trading lower. >> now we're up about 0.8%. >>> in other news, wells fargo will pay freddie mac $780 million to resolve all claims about mortgages. it sold the lending giant prior to 2009. th

see ma seema mody is here to explain that. >> they say the street has become less negative.sulted in the u.s. dollar weakening. that's a boon for these companies that generate a significant amount of sales outside of the u.s. because it makes their goods more competitive. these stocks on average have been staging a major comeback of 8.5%, while u.s. focused stocks up only 6.3%. that data according to thomson reuters. this is the exact opposite of what we have seen for this year. as some of the leaders in this pack include tech giants, apple, micron tech, both of which generate sales overseas. one pocket of strength is europe. companies with exposure to the euro zone have on average been outperforming stocks. 9.7% versus 6.3%. looking forward, thomas lee at jpmorgan, says keep an eye on companies with exposure. not to mentions the weakening u.s. dollar. that will be a trend to watch. >> thank you very much, this morning. six days after the launch of obama care exchanges and technical issues still plaguing the website, bertha coombs back at headquarters with more on this. >> g