sprint goes from buyer to seller. we'll tell you who's taking an interest in the nation's third largest mobile carrier. and halloween is just around the corner, but retailers already have their eyes on the big prize-- christmas. and this year, playing santa could be just a click away. that and more tonight on nbr! another big debate tonight, this time between joe biden and paul ryan. the vice-presidential candidates will slug it out on the economy, medicare and taxes. they may be number two on the ticket, but these men hope they can make this another crucial turning point in an election that is now almost a dd heat darren gersh reports. >> reporter: vice-presidential debates are often more entertaining than important, but not this time. joe biden will be trying to beat back the romney bump from the first presidential debate; and paul ryan will be working to stretch mitt romney's debate double into a home run. >> if ryan does really, really well, it could possibly fundamentally make this a real horse race, not just nat

, for sprint. in order to do that, would actually also acquire clearwire which has been a partner of sprint in building out wi-max and their various efforts and owns a lot of spectrum. sprint owns a lot of that clearwire spectrum as well. overall price is unclear at this point, how much of a premium it is going to be. i am hearing it would take softbank to somewhere in the mid 70s per ce. i don't know if they'll put in primary equity as well as buying out many of the public shareholders. there are also questions about sprint's debt. let's not forget a very heavily indebted company that has change in control provisions in its debt. unclear what is going to happen there. when you get a shareholder vote. this is a company that's been talking about doubling over the next five years. does softbank have the financial wherewithal to get the job done? i believe they do but it is still a question. i will tell you factually, absolutely they are a week or two away from announcing this deal. that could change

. >> and this is the final sprint for the sprint/softbank finish. >> let's's ho hope the sprint d finish. >> the call was supposed to start right now, but there's a little pit about of a delay it sounds like people in the room waiting on the presentation. >> softbank, here we go, coming out with stuff. the reports say it's aim to go take up to 70% stake in sprint in a deal that's worth up to $20.1 billion. so that is now confirmed. softbank will buy the majority stake in sprint nextel for that amount. and then we'll wait to see what else we get out. but the deal is confirmed. it is going to happen. and softbank is acquiring control of sprint nextel. >> there will be of course a webcast for the deal. softbank shares under pressure down 5% this morning. sprint nextel is roughly unchanged. >> the price, $12.1 billion. and then pump in $8 billion in new capital. going to try to clear out a lot of their debt. >> and s&p had earlier placed softbank reallyings on watch negative. so of course we'll have analysts weigh in. but investors are worried about what this pore tends for softbank. >> thes

>> on the sprint side, yeah.eutsche bank -- they had a lot of different -- >> a lot of money to be made here. the bankers will make some money. >> japanese bankers funding it will make -- >> a stop trading event. that press conference was fabulous. >> just read the release. a lot of chatter about the language and sort of -- anybody familiar with japanese culture translate nothing english knows it's a little stilted and the language is a little awkward. we're back to -- back to the days of "rising sun". >> i loved it. it's been that years since that hubris. i love hubris. >> it's nice to see. this is a kind of guy not worried about the fiscal cliff. >> that fiscal cliff did not come up. he did not talk about the election or the debate. >> there is only one thing you wonder are things not as good as the market thought given the stock price move at sprint. are things not as good at sprint. what's t-mobile. what kind of quarter will t-mo report. they're not in any talks, anything with -- >> why can't that be killed?

you want to check in on sprint?king about softbank moving ahead with the acquisition and wouldn't close until mid 2013, but we've noted that sprint has been on the run to the upside. it's lost some momentum so it's up a little bit now. stuart: that's real money. that's 20 billion dollars. you get your arms around. >> that's real money. i don't think i could get my arms around 20 billion, but i'd be happy to try. stuart: nicole, thank you very much indeed. new at 10 for you know, the latest rasmussen daily tracking poll. mitt romney 49, president obama 48. and that's out of the last ten days, and romney had a lead or been tied on ten of the last ten straight days, with a reaction to the first debate, that's my opinion, and i think the first debate set the tone and that was romney out front. >> that's a game changer. stuart: it's a rahs -- rasmussen poll, that was taken after the veep debate. >> it's interesting, obviously, the shift has gone from the polls narrowly favoring obama to romney, but what's interesting in

do you guys own sprint? i can't remember. >> we don't own sprint. we're waiting for it to be under $5. >> good luck. >> absolutely. the way i would trade, i certainly wouldn't chase it here today. i still like the tower guys, phone castle, amt. i also think at&t and verizon, they've been coming down on competition, the threat of new competition. watch for at&t below 35. i think that stock is very interesting. >> okay. on the way our top three trades. plus, health care stock picks depending on who wins the election. >>> later, of course, our cnbc exclusive. it's less than 20 minutes away now. goldman sachs boss lloyd blankfein, alan simpson, erskine bowles. they'll join us live. discuss everything from the markets to, of course, the looming fiscal cliff. >>> logon to futuresnow.cnbc.com 1:00 p.m. eastern time for our live streaming exclusive with representative ron paul. a must see ahead of tonight's vice presidential debate. "halftime" coming back in a few minutes. looking for a better place to put your cash? here's one you may not have thought of -

yes, it gives sprint a new lifeline. but sprint the stock? it was a terrific run.t least for now, that glorious run, it's over. stick with cramer. >>> energy, economy, employment, hot button issues plaguing america. but the key to one state's prosperity. cnbc takes you to ohio where the energy boom explodes with jobs. manufacturing is in overdrive, manufacturing is in overdrive, and the battleground for votes is pivotal. jim's in the buckeye state where they're bucking the trend. it's a special edition of "mad money." invest in america. reports begin thursday in "squawk box" on cnbc. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. in america today we're running to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that'

but sprint, he's feeling pretty positive about sprint. liz? liz: okay. here we go, there's the clear wire chart. this was just a simple 1, 2 dollar stock for a while, but then you telegraph this kind of move -- dollars deal on the table. soft bank saying don't need to move on clear wire but everyone is expecting that's the next thing. why not go there. liz: verizon, at&t, it's either -- what do you have, verizon or at&t, will sprint take these guys on? adam: that's still further down the road. sprint is going to be 56 million customers. they're behind on 4 g lte and one of the things the soft bank ceo said, look -- [inaudible]. liz: you used to have your office next to rich edson in d.c. let's get to him right there. both president candidates campaigning on need for energy independence. shouldn't we protect ours and use up the bad guys? >> i will clear something up too. not next to, we shared the same office. [laughter] rich: according to to this report, new chamber of commerce study analyzes country's energy use and available resources. it says american

with access to sprint spectrum and sprint acquiring clearwater.vacuum but both have a huge amount of debt. it is the bond market i believe will control these deals and not the stock market. sprint needs capital to complete the capital. to convert sprint to their system, sprint almost went under because of the nextel acquisition, but the ceo put the business back on a growth path out of sheer street smarts and fabulous customer service. however many observers feel it is outgunned and under manned versus at&t and verizon. i feel they have done a good job and would have access to the capital they need through the bond market to finish the build out. sprint's bonds have been the belle of the junk market. but a $12 billion investment would allow sprint to borrow at low rates resolving the larger solvency issues that have repeatedly dogged this company. a well capitalized sprint could give verizon and at&t a run for their money. to me that's a keeper. despite this move up today which didn't take it much further than the stock moved before the pcs deal w

when you see sprint come in you can gain traction back with sprint. i'm still long. i trim my position when we approach five. i would be a buyer again. it is interesting because we were talking about this earlier. the stock is up over 100% since the summer. a lot of that is predicated on the ceo talking about consolidation whether they were going to be a buyer or bought. there is very few people that can buy sprint right now. what i find interesting is that they have been caught offguard by this deal. everything they have been doing is to raise the currency and equity value so they can do a deal like this. now they are left at the alter. it is curious. >> they may benefit if the other two get together. what happened with sprint and nextel? that is what happened. seven years of losses and maybe that is what would happen with competitors. >> i think the tower companies are interesting here. crown castle in particular because they signed a $2.5 billion deal with t-mobile. they increased their tower by 33%. it is going to be earnings over time. there is not a lot of over

yes, it gives sprint a new lifeline. but sprint the stock? it was a terrific run.east for now, that glorious run, it's over. stick with cramer. >>> energy, economy, employment, hot button issues plaguing america. but the key to one state's prosperity. cnbc takes you to ohio where the energy boom explodes with jobs. manufacturing is in overdrive, manufacturing is in overdrive, and the battleground for votes is pivotal. jim's in the buckeye state where they're bucking the trend. it's a special edition of "mad money." invest in america. reports begin thursday in "squawk box" on cnbc. we're testing new degree, the only antiperspirant activated directly by movement. activating protection, bear! the more you move, the more it works! [ roars ] [ screaming ] new long lasting degree with motionsense help me! keep running! your mouth has giggled, snuggled, bubbled ...and yellowed. because if you're not whitening, you're yellowing. crest whitestrips remove over ten years of stains and whiten 25 times better than a leading whitening toothpaste. crest 3d white whitestrips. on o

sprint has 56 million subscribers in the united states, trailing at&t and verizon. softbank aims to sharply expand its business by breaking into the u.s. market. the yen's strength also works in softbank's in favor of taking advantage of the deal. the global cell phone market has been expanding rapidly due to the growing use of smartphones. softbank and sprint both provide services for apple's iphone, and they're also working to improve their services for a high-speed lte wireless network. >>> china's government says consumer inflation remains stable, hovering at around 2% in september. the index has been at that level for four straight months. officials at the national bureau of statistics said on monday that the consumer price index grew by 1.9% year-on-year. the cost of food, a major component of the index, grew at a moderate 2.5%. fruits and vegetables prices rose, but pork prices plunged. the bureau said the index for producer prices dropped 3.6% year-on-year. that's the seventh consecutive month of decline. government officials have pledged to boost the slowin

a 75% stake in sprint. sprint has been in deep debt for the last seven years. softbank is one of japan's biggest cellphone makers. sprint closed at $5.76 on thursday. ending benefits for retirees is the latest plan by kodak to emerge from bankruptcy. health, life, survival and dental insurance will all stop by the end of the year for 25,000 employees with a judge's approval. kodak would wipe a reported $1.2 billion in obligations off its books. in exchange, the company would give the retiree committee an estimated $7.5 million or possibly more to cover some costs. more companies are taking the plunge into public territory. ipo activity has risen 5.4% this year. this week, real estate giant realogy, owner of coldwell and century 21, debuted on the markets. it's the largest real estate ipo ever, and yesterday shares began trading on the higher end of the ipo price range. meanwhile, online photo site shutterstock priced in at 17 dollars, exceeding its 13- to 15-dollar range. intercept pharmaceuticals also pric

with sprint in talks to buy a majority stake in sprint. over the last hour sprint has confirmed those talks, so we have seen the news. also talking not only in discussions, but also that it may change who is in charge. there is the stock up 15% on a day where we have up arrows across the board after three straight days of selling. dennis: nice to be back in the green. thank you. another potential laps on the job front. the jobless claims, look at the asterisk next to this. causing a lot of confusion, peter barnes trying to clear up some of this. >> that is right. like the jobs report last friday, another positive jobs number a few weeks before election day, but it also might be a little bit fluky. jobless claims for unemployment insurance last week fell unexpectedly 339,000. because were expecting 370,000 for last week about unchanged. the labor department blaming one large state to fail to report the claims numbers. spokesperson will not name the state for several economists say because the weekly drop was so big, custody california. one

as far as the overall network, it could help to make sprint a better company, could b good for sprint customers that could help to ensure there is real competition for at&t and verizon and this trend could potentially do that because the trend of the big getting bigger could be arrested a little bit. gerri: sprint is the last major carrier to stick with an unlimited data plan. we talk about that a lot here. we all want that, we want to pay a set price for data, we don't want to pay by the tech. do you think they ll have to take that away at the end of the day? >> so far they have said they will stay with that. it is becoming harder and harder. people can use a lot more data on the hh-speed network, spinach michigan stand behind that without the service moving backward bause in our survey they find sprint to be only meddling in satisfaction. in a state of her formants, they have to make sure they don't move backwards even further. rri: i remember when a japanese company bought rock center, and the outcry it cause. you don't have any of that today, but we should say this is a huge, huge

yes, it gives sprint a new lifeline. but sprint the stock? it was a terrific run.t least for now, that glorious run, it's over. stick with cramer. >>> energy, economy, employment, hot button issues plaguing america. but the key to one state's prosperity. cnbc takes you to ohio where the energy boom explodes with jobs. manufacturing is in overdrive, and the battleground for votes is pivotal. jim's in the buckeye state where they're bucking the trend. it's a special edition of "mad money." invest in america. reports begin thursday in "squawk box" on cnbc. 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. [ male announcer ] fedex office. when you take a closer look

sprint couldn't be in that race. sprint was falling short in this next generation. once again, we saw that at&t and verizon were pulling away so quickly, that even though sprint had very, very good performance, sprint had the iphone, sprint could not deliver through this country. >> no. i mean, listen, you see it in the numbers from verizon this morning. the old wire line business not so great, but wireless for verizon, i mean, they added 1.5 million post paid subscribers, jim. 220,000 prepaid. those are big, big numbers. its average revenue per account as opposed to average revenue peruser, it grew 6.5%. big numbers out of verizon on the wireless side. >> also, margins better than expected at 50. you would have thought iphone subsidies, margins down. didn't happen. people still trying to figure out why. >> is this new pricing model, the share everything, is that leading to this halo effect where you've got to keep everybody on the same plan? >> i think, michelle, i think that's dead right. michelle, that plan is terrific. what's happening is, again, when you look a

japan's softbank dials up a deal for sprint, buying majority control of the u.s. cell company. and with nearly one-in-three americans working contract or part-time jobs. we kick off a week-long look at how a nation of freelancers is changing our labor force. that and more tonight on "n.b.r."! a u-turn on wall street today. stocks rose, rebounding from sell-offs last week. good news about the american consumer put investors in a buying mood. the dow jumped 95 points, the nasdaq rose 20 and the s&p 500 up 11. retail sales rose more than 1% in september, which was better than expected. it follows an even bigger gain in august and its the best back- to-back showing since 2010. erika miller has a closer look at the data and what consumers were loading up on last month. >> reporter: it seems pretty unbelievable. but a single electronic devices appears to have powered the gain in u.s. retail sales last month. if you haven't guessed it, we're talking about the iphone 5. a remarkable five million of them were sold in their first weekend alone. and that appears to have boosted electronic

dennis: and sprint getting big bucks from a japanese bidder but we have an analyst who says sprint willa distant third to verizon and at&t. first let's take a look at some of s&p's winners and losers. cheryl: it is 30 past the hour, stocks every 15 minutes. nicole, you're watching the big winners today. nicole: look at a group accelerating to the upside. we arwe're seeing the banking ix improving somewhat. take a look at citigroup. revenue really something that it'll are keying in on. 4.7% now for citigroup, 36.36 or share. up $1.61. the dow jones industrials at their best levels of the day up 82 points right now, the tech heavy nasdaq up 13 points, we will see whether or not they will have seven straight days of selling for that particular index which would be monumental because we have not seen that since last november. staffing the losing streak. the s&p up more than half a percent. back to you. dennis: thank you, nicole. sprint could be a bigger player against verizon and at&t as they reach $20 billion deal for 70% stake in the third-largest u.s. mobile provider. joining us now, wil

. >> susie: japese telecom giant oftbank isaking contl of sprint nextel. it's paying $20 billion for a 70% stake in the third largest u.s. cellular carrier. if the deal is approved, it will give softbank a big presence in the fast-growing u.s. telecom market. sylvia hall reports. >> reporter: right now, sprint is the third-largest u.s. wireless company. and with cash on hand from the softbank deal, it could completely change the market. sprint currently owns half of a company called clearwire, a major holder of the indust's hottt commodity-- wiless spectrum >> it will allow sprint later on to potentially buy all of clearwire, and create a spectrum powerhouse in the u.s. that will allow it to provide unlimited data services for a much longer time than any other carrier in the u.s. >> reporter: spectrum is pretty simple. it's the radio waves use to transmit things like radio and television broadcasts, police communications and now wireless data. and demand for it expding. an inst report shows by the end of last year, more than 111 million smartphones and sim

steve has been eyeing sprint for some time. take a listen. >> right now went from universally hated to loved. i'm still long with it. >> they can have access to funds. i'm still long the name. when you talk about return to profitability. gain traction back with sprint i would be a buyer again. >> not quite the same outfit. good recommendation, though. what do you do with it now? >> i think you are hitting a bit of a wall here. these deals take time. they are a long process. so if you are buying sprint you are buying on a return to profitability. the mma is a huge kickerer. you should be buying based on the merts. scott nations you saw big ones on sprint. >> the option market agrees with grasso. we saw big call sellers in sprint because no matter what happens soft bank will end up with a stake in the company. the market thinks this deal is done, that soft bank will be the buyer because there is a break up fee if sprint goes with somebody else. we saw 25,000 of the february 6 calls sell for .19. the seller thinks the cap is 6.19

or most of sprint.ants to expand in the u.s. market. so bring up sprint first, please. solid "s." because you're going to see the big run-up in sprint which is a solid "s." when we look at sprint, apparently somebody's drawing it by hand in the back. there we go. sprint closed here, spiked open on the reports. it's coming down a bit because there are other reports out there that now perhaps metro pcs could be in the market for sprint, or that softbank could be in the market for metro pcs. our own david faber has been tweeting out. we're trying to reach him. he's probably in the gym, he's kind of a buff guy. but he has been tweeting out that his sources say softbank is not talking to metro pcs. not sure where those reports are coming from. so softbank may go after sprint or metro pcs. faber's sources say no to that. lot going on in this space. >> okay. lots going on with that one. cooper tire and rubber is also soaring today on potential buyout news from an indian tire maker. >> we called street talk the

softbank is considering acquiring sprint nextel. sprint nextel has more than 56 million subscribers. negotiations are to acquire more than two-thirds of the company's shares. it's expected to reach 2.8 billn. both firmsre providers for apple's iphone and they both use a high speed wireless communication protocol called long term evolution. the stronger yen is believed to be a factor in soft bank's decision in acquiring sprint nextel. they are hoping to vastly expand their network and customer base in the united states where the market is showing considerable growth. if successful the deal would lead to the creation of a te telecommunications wh more than 19 millionsubscrers. >>> u.s. markets ended lower dragged down by lackluster earning reports. the dow jones extended its losing streak to four days. this is the lowest closing since september 11. we go to ramin who is at the tokyo stock exchange. what can you tell us? >> good morning. following the slight losses that we saw in new york we got to keep track of the tex sector followin

so that will leave sprint and it will be interesting how sprint will be using the $8 billion. my bet is that sprint will be looking to be more aggressive. they can use to be more aggressive on the clearwire acquisition. so i would think they would be a bit more aggressive on the upcoming spectrum auction. >> where do you think it creates opportunity throughout the rest of the sector, as well? who else may benefit or potentially be opportunistic here? >> i think the u.s. telecom industry. the way it was emerging, smaller players were not really make much head way. so with this acquisition, now sprint has some leeway and it will be interestediing to see i the next few quarters. i think at&t, verizon and sprint can make a big head way now so that will be interesting for the u.s. consumer in general. >> may i ask a question? speaking from where i'm coming from, china market and so on, of course you know that the chinese are exporting their capital and would like to go into the m&a kind of feel especially in advance countries including the united states and europe. what's your take

sprint/nextel needs.re operating at a loss of the last five years. 5 billion directly purchased with shares then 12.1 billion purchasing on the open market. the sprint will now have the cash to continue to upgrade its network. we spoke with a managing director at mevacor partners quote that given the cash spring of have and the potential to do something strategic, they could maintain unlimited data and we think that is more valuable every year given that consumption is doubling every 12 plants." what he is talking about we double our consumption every 12 months. only spread has the unlimited plan. over four years of they continue that coming he believes they can while upgrading the 40 systee they could be a contender against horizon and at&t. lori: the deal will have more on this. the strategy of growth out of asia china has been stalled. ashley: that is an interesting perspective. look to the energy supply within an alarming new report. lori: time to check oil. $91.57. still elevated. >> >> energy indepe

so a lot of money going into sprint. lot of money going to sprint sha shareholders. require shareholder vote by the way, that was something one of the little betail b details would not require a shareholder vote. but of course the bigger question is, i mean this is almost a bet the company kind of deal for softbank. it is a large company but it is borrowing huge sums to get this done, and saying okay, we're going to plunk down $20 billion of our money because we believe the u.s. wireless market is growing faster than japan and we can take a lot of lessons learned in japan where we've rolled out lte successfully and moved them to the u.s. market but you're still dealing with that duopoly of verizon and at&t. one would have to say it is a big bet for sure. usually rational people are the only ones who have access to that kind of capital so i'll assume the guy who runs softbank is a rational person >> they didn't let t-mobile happen because they wanted a certain amount. is three enough? why not sprint and t-mobile or something? is three enough? >> that's a really good q

deal which is the largest american acquisition by a japanese company in history seventy percent of sprint will now be owned by offshore investors the deal will likely be approved next year making softbank sprint the third largest mobile phone company in. the world's not only that this deal will suck billions in future revenue and profits out of the united states and into the japanese economy that's already the case of the nation's fourth largest mobile phone company mobile which is already owned by the german company bullshit telecom a g in fact there are so few american telecom companies in manufacturers our nation will likely have to rely on foreign telecoms like china's y.y. to build the next generation of telecom infrastructure in the united states that's how bad things have gotten for american industries. every single second in america over four thousand dollars worth of our industry is sold off to foreign investors by the time we had our first break tonight over three million dollars worth of american own industries will have been sold off to wealthy foreign interests when ronald re

the big question is will sprint battle nem? it looks like they don't have the prowess at this point at the $5 level to do it. that's the big question. the market metro pcs is having a great day. >> sprint has had a great, great run. >> that's the trade. so a couple things. great downgrade by raymond james, number one. let price be your guide. september 19th it traded up to 5 3/4 give or take. it traded lower. today you have similar if not more volume. we've already traded close to 100 million shares in sprint. i think the trade sits up really easily on the long side. it will wind up being today's low as your baseline and traded for the long side for there. this story is far from over, and i think sprint is pretty -- >> look at leap wireless as well for the cricket brand and so forth. as soon as it started to move t-opened at 7.02 this morning, and it exp ploeded up to $8. it's a fantastic ride, in and out, no position any longer in leap. >> nice pointing that out with a move of 13% for leap wireless. let's hear from the other s

around $12 billion of that will help lift sprint out of debt. the acquisition will result in a subsidiary called "new sprint." sprint's current ceo will remain on the job. shareholders still have to approve the deal. pizza hut is changing the rules of its presidential debate stunt. the pizza chain is offering a pie a week for 30 years or a check for around $15,000 to anyone posing the question "sausage or pepperoni?" to president obama or republican candidate mitt romney during tonight's live townhall debate. there was backlash. now, the company is attempting to move the promotion online for a drawing. it's billed as the million- muppet march on capitol hill. sesame street characters are called to join a march november 3rd in protest of mitt romney's plan to cut funding to pbs. the presidential candidate lit up facebook and twitter with comments following the october 3rd debate. romney said he "loves big bird" but would end funding to public broadcasting if elected. the rally invites protestors to bring along their favorite muppet. still to come

the wall street journal reporting that the ceo of sprint in control of the in the u.s..ow it's not clear what this means for consumers. analysts say in the future this gives a spread nextel the maybe purchase a mobile, company like t- morethem a little against at&t and verizon. if they were to do that in the mean at&t andould might ask to explore their prices a little to stay with a company like .print this is a story we will continue watch. we will have even more hour.ation in our next back to you. >> thank you. 4:52. for the first time in over a found a waydskins to win at fedex field. the first home victory of the rg3 era. the rookie quarterback put on setting a record his fifth rushing touchdown season. 76-ent up the middle for a touchdown, which sealed the deal. 38-26.t the victory >> took off running and got to sidelines and thought i had gone out of bounds. in certain situations and i just took off run in. the rest is history. >> it was especially sweet, his home -- a first home win the redskins since september of last year. at today's look weather. here's traffic

why sprint is up., ebay is testing an on-line market faced for deals with local services and boosting the rv maker winnebago's profits and ebay is up and let's see, winnebago is higher. las vegas developer steve wynn slams president obama for being anti-business and he'll be damned to let the president tell him what to do. is that how the business community feels as a whole. imus: we'll ask one of our foremost authorities on small businesses, on the subject coming up next. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >> announcer: meet jill. she thought she'd feel better after seeing

it will cost sprint $100 million. last week, sprint agreed to sell a majority of itself to softbank of japan for $20 billion. trading in clearwire stock tripled with shares falling 10.2%. there was disappointment it isn't an out-right purchase of the company. one of clearwire's shareholders, intel, reportedly has 30 days to make its own offer. when the summer storm season is quiet, it helps insurance companies like travelers. earnings were much stronger than anticipated, and almost triple a year ago. the stock jumped 3.6% to an all- time high for the stock. the biggest profit margins for travelers were in its home and auto insurance businesses. in another corner of finance, morgan stanley stock was down 3.8%. adjusted earnings were better than expected, but the bank's return on shareholder equity remains about a third of its peers. the indigestion for chipotle mexican grill shareholders looks to continue tomorrow. earnings were up 20%, but that wasn't as much as expected as sales growth slowed. shares were down 1.4% i

in perris, california, sprint car racer kevin white takes a turn for the worst. his car flips over and launches him 25 feet in the air, landing him precariously on this wire fence. >> the start of the accident was very common. the end of the accident was very, very shocking. >> photographer mike truex has been shooting racing from his perch up on the scoreboard for more than 15 years. passionate about the sport, he has intimate knowledge of the racing experience. >> 80 miles an hour around the top of the racetrack, mud flying, driver's arms flailing, it's insane. >> and if sprint car racing is insane from mike's vantage point, imagine how insane it is to drive. >> just think of the scariest thing you have ever done ever in your life, holding on for dear life and it almost takes somebody a little crazy to do these, to drive these things. >> number four driver tony jones has sprint car racing in his blood. his father was also a driver and during the course of his 16 years of professional racing, tony's had his share of crashes. >> one of my worst crashes, the car i