for "nightly business report," i'm steve liesman. >>> but some encouraging news about the u.s. labor market out today. the number of advertised job openings in august rose to a 13 1/2-year high with employers looking to fill more than 4.8 million positions. >>> there may be a setback in the housing recovery. they said it couldn't happen again. another dip in home prices nationwide across the nation. the third one since the financial crisis hit. but some are now warning that a triple dip could be a real possibility. diana olick reports. >> reporter: real estate agent mia simon doesn't need any national reports to tell her what's going on in the neighborhood she works. >> i would say demand is definitely down from the feverish high that we had in the beginning of the year. >> reporter: but what's going on in her northern california market has national analysts concerned. >> the west, it's really that leading indicator of the canary in the coal mine because as the west goes, both on the downturn and in the recovery, we've seen the rest of the country go as well. >> reporter: that'

i have with me scott wapner and cnbc correspondent steve liesman.'s get you caught up on what the stocks are doing. they're moderately lower. the tenure is rising but weak volume. brian, i want to get over to you. how is it going? >> listen, mandy, i think you nailed it. history is today. how might inflationaire concerns trickle over here and have our federal reserve react? i don't think anybody is expecting an interest hike today but the language will be hash as it always is. steve, liesman, let me give you one of two scenarios, does it look good with potential concerns on our horizon and act more hawkishly or do they focus across the atlantic, worry more about europe and their deflationary concerns and perhaps repeat qe and put their proverbial foot on the gas pedal once again? >> i think it worries about "b" and hopes for "a" and steers a course in the middle brian. i know that may not be theness a you want. but here's the story. what we know about the federal reserve right now is the mistake they don't want to make, the ending of qe and having t

steve liesman has more. >> reporter: places like france and germany is being health here at the federal reserve washington head quarters and that could have an effect on interest rates. the fed in the minutes from the september meeting revealed concerns with floundering economies overseas saying quote, economic growth over the medium term might be slower than expected if foreign economic growth came in weaker than anticipated, end quote. that was not the extent of the concerns and mentioned the appreciating dollar, which has risen since july. the worry is a strong dollar will reduce inflation since foreign goods become cheaper when the green back strengthens. this is troubling to a fed that struggled to hit a 2% target and not succeeded. in fact, fed staff economists said it may not hit that over the next few years. >> the dollar's movements which reflects the monetary policy globally shows the fed and keeping to the timeline on rates is affecting markets which will affect the economy, combine with oil and you get a sense the fed will be worried about inflation being too low and pull th

steve liesman takes a look. >> the fed's decision to end the third round of quantative easing raises one question, did it work. did the $1.6 trillion of bond purchases in the fed's two years achieve the fed's goal of helping the u.s. economy, pumping up inflation and lowering the unemployment rate. there is two ways to look at it. you can start with the u.s. data. since qe 3 has launched, growth rate has been at an unremarkable rate, about a half a point. job growth went to 245,000 now. and the unemployment rate fell by about two points. the stock market surged. but another way to find out if qe worked in the u.s. is to look at europe. over the same time the u.s. bought hundreds of billions of dollars of bonds, the rate climbed by two million euros, now, the fed is fretting over economies that are near inflation. >> history has told us the central banks who tightened too soon have a lot of consequences they then cannot deal with after a financial crisis. and the biggest mistake they can make is 1937, or the japanese mistakes or missteps and they don't want to be there. >> of course,

for "nightly business report," i'm steve liesman. >>> still ahead, look follow steady eddy stocks to buy and hold in this volatile market. our next guest has a list of recommendations. that is next. >>> the u.s. now has an ebola czar, president obama has tapped trusted political adviser ron clain, a one chief of staff to vice presidents joe biden and al gore to spearhead the response to the deadly virus. he will monitor the care of the nurse who cared for the patient who later died. meanwhile, the drug maker has the okay to test the anti-viral drug on patients. still, shares of chirmecic fell, and the drugs were down a fraction. >>> and honeywell may be in a buying mood, the company says it is considering potential acquisition targets after it posted better than third quarter profits and raised earnings and revenue outcome, the strong quarter was driven by sales gains, shares rose to 90 and change. >>> bank of america mellen saw profits rise as it made more money from investment fees in the third quarter, but revenue came below estimates. still, the stock was up 30 cents. >>> texturo

i'm steve liesman. >>> and investors have something to watch on the nasdaq tomorrow. netflix, earnings came out after the bell today and it was not pretty. the streaming video service scored profits 3 cents a share better than the analysts' consensus, revenue exactly in line with forecasts and higher this year. red is the new black, they took a real fall after hours down as much as 20% on the news of subscribers enrollment, likely charging higher prices for the service. julie borsten has more. >> the netflix numbers dropping after hours, reporting fewer new subscribers than analysts projected, then the company itself had forecast. netflix says it was not competition from the likes of amazon or who, but rather the impact of the price increase back in the second quarter. the company's revenue was right in line with expectations and earnings per share beat projections, the selloff coming on the heels of hbo announcing wednesday that it would launch a stand-alone streaming service to compete with netflix next year, back to you. >>> we turn to two experts for more analysis

for "nightly business report," i'm steve liesman. >>> more trouble today for the struggling euro zone economies, the s&p rating service lowered its outlook for france from stable to negative today. saying a robust recovery in the french economy could prove elusive and that its public finances could deteriorate beyond this year. s&p did affirm france's double a long-term credit rating. >>> leaders of west african nations hit hard by the ebola outbreak have been pleading for help in dealing with the crisis. and now the world bank is calling for the creation of an international emergency fund to quickly distribute money to countries affected by the disease outbreak and other health emergencies. >>> and still ahead on the program, combined casual gaining with casual dining and you get the latest offering to hit wall street, dave and buster's, but did it score with investors? the answer coming up. >>> there is new trading today on the nasdaq, dave and busters, this is the restaurant and arcade chain which uses the ticker symbol "play." after pricing six million shares at 16 apiece, shares

i'm steve liesman for "nightly business report." >>> and visa, we told you about their strong outlook, and master card with a strong quarter, shares number two credit card and debit processes charged more than 9% higher today after netting more than a billion dollars in profit as consumers spend more. >>> it was just the opposite story at citigroup and surprising news for the banks and investors tonight. after the market closed the bank sharply lowered the quarterly profits, city says it earned 88 cents a share, not the dollar seven as reported originally. the bank blames the revision on a massive $600 million increase in legal fees for regulatory inquiries and investigation. citigroup fell as much as 2% in after-hours trading. >>> an historic day for corporate america as tim cook became the highest profile ceo ever to come out and claim he is proud to be gay. so what does it mean for cook and the company he leads? josh lipton has more. >> reporter: apple's ceo tim cook values privacy and doesn't particularly like to draw attention to himself. today he made a public decision, in an op

here is what happens, the dow up 187, the dow jumped 78 points and the s&p 500 added 23 points, steve liesman takes a look at tomorrow and what may be next at the central banks. >> reporter: two years and $1.6 trillion later, the federal reserve is set to end the bond program known as qe 3, or the third round of quantatite easing, the fed has seen the rates since 2014, and hiking them gradualing up 3% by the fourth quarter of 2017. that would be the longest, mildest rate hike cycle ever. they pushed the hike amid growing concerns in europe and the spread of ebola. with people twice as concerned. >> if they don't get their act together and stop the deflation trends happening in europe, they could drag us down. there is nothing worse than to have them import the inflation from europe. so that is the thing that needs to be addressed. if it is, we should be just fine. >> reporter: in fact, europe even ranked as the biggest threat to the u.s. for recovery, outpacing regulatory policies. not to worry, three out of four think the european central bank will follow in the fed's footsteps and announce

steve liesman has more. >> we do not believe there is any risk to anyone who was on the flight at that time. >> health officials may say that, but i didn't stop wall street today from selling off airline stocks. one index posted 3% on fears of reduced airline traffic after the announcement of the first eb case in the united states. >> given the recent developments of the ebola cases, hitting the shores, people are concerned about air travel and airline investors are dumping the stocks thinking the airlines will be down. we're watching other stocks that may be impacted by this. the hospitality, they could be impacted by this until the situation clears up. >> health officials insist they can contain the virus in the united states but the impact on airlines just one potential fear regarding investors. one study showed back in 2003, sars cost the global economy $3 billion, retail sales plunged, airline travel to hong kong fell 77%. assuming as many experts do that an outbreak never happens in the u.s. or is contained, the broader impact is that officials must respond to fears and restrict

>> that is a question for steve liesman. a surprising topic for it, steve. >> yeah. well, when this comes along affecting business, we poll for it. and what we found is cyber fears are on the rise. let me show you the first bit of data here. you can see asking this question last in 2010, you can see a 5-point rise in those saying they're worried a lot about their personal information when they're shopping online and that comes at the expense of those who were pretty cool on the issue back four year s ago when last asked. most worried are those spending a lot on technology. they should know and those with more than $50,000 in stocks. least worried, 65 an greater. maybe less shopping online. an another group that does a lot of online shopping, a curious dichotomy and they feel like they're secure with the different insurance that comes from the credit card companies. now, what about would you use your credit card less? and you can see here. about 30% say, yes, neighborhood stores. more at large retail stores and then even more online because of the recent frauds that w

steve liesman explains. >> global central bankers are starting to worry about inflation coming in lower than the% target. right now a problem of disinflation or slowing at the rate of inflation but the real concern is deflation, outright declines in prices. in a rare interview, bank of england governor said low global inflation would play a role in monetary policy and that would make for a more dovish reaction. >> that means producing a very benign global inflationary environment, and that's something certainly we do take into account. >> first, it's tough for central bankers to fight. they know how to battle inflation by raising interest rates but getting out of deflation is harder because they don't like to cut interest rates below zero. second, in deflation, people hold off purchases because they think goods will be cheaper tomorrow. that reduces overall growth. finally asset prices and wages can fall in a deflationary world, along with consumer prices. if wages fall faster than prices, that means standards of living decline. u.s. federal reserve vice chairman stan fisher added his c

steve liesman, was that you? a quick last word here? >> quick board. dollar of liquidity of the fed has been withdrawn. in fact, as we speak, the fed is still adding. it will, i believe, next month, as well. and for all of next year, i believe, the entire amount -- mostly the entire amount of the balance sheet's going to be unchanged and not going to be adding liquidity but the notion that it's withdrawn is not the case right now. >> not right now. you know, steve, markets like to get ahead of what's coming. >> this is way ahead. maybe more than a year ahead of that. >> understood. good reminder, steve. thank you very much. we'll leave it there for now. thanks, everybody. stick around for steve grasso coming up at 5:00. they're going to hone in on the chip makers whacked on the warning talking to one top analyst of which you should buy on this dip. so don't miss that. it's been another wild market day here on wall street. how you can protect your portfolio and sanity from the volatility is next. >>> later, forget the fed. hearing from somebody saying i

steve liesman is there live in boston with more.esting she is talking about a political issue, inequality. >> the topic of inequality was there with boston fed president rosengren, he says qe set to end despite the market turmoil. he said it would take a big change in the outlook to alter the fed's path which is to end qe in october. he doesn't think he will get the data for that the next couple of weeks when the fed meets the end of october. data supports a 2015 rate hike. the fed will make changes if the data changes. one thing that could change it is europe. here is what he said about europe. >> i would say financial markets moved a little bit more than the economic data coming out of europe. that being said, they are certainly having significant problems. their inflation rate is too low, unemployment rate in many european countries is too high. we are concerned about europe. we should be concerned about europe. it does affect the u.s. economy. >> what about additional quantitative easing? a lot of buzz whether the fed could roll

. >> we're going to go steve liesman. we'll be back to you in just a second, bur our senior economics reporter is taking a look at the u.s. growth picture. it stayed strong despite all of the market volatility. steve, up to you? >> all this market volatility, concern about economic weakness, we continue to track the u.s. economy at a stubbornly strong 3.1% growth rate in the third quarter, according to the rapid update. the rapid update is the average of ten wall street economists tracking forecasts, so it changes as the data comes in. but the number remain fairly stable. take a look here. if the forecast holds, it would be the fourth quarter north of 3%, except in the one negative -- in the first quarter that people think was weather-related, still pitling over that. say around 2.5%, because that's a number that puts the unemployed back to work. over the past several months, up 3 to 3.5, and jobs numbers, down by the weak retail sales reports this morning more gh news on the jobs prospect. but that's the sixth week in a r

steve liesman has answers for you. steve, you first. >> sue, thanks. there will be some pain in the u.s. economy from lower oil prices. more now than ever because of the production boom, overall, lower oil prices will be a help to the average joe worker. but it could hurt the average joe investor. here's the reason. this has been a historic oil boom that's come as a result of technology and machines, but less so jobs. rbc in a research report points out since the end of the recession, employment in the oil business is up a solid 34%. oil production up 265%. that tells the story of massive productivity gains as fracking and new horizontal drilling technologies boost output with far fewer rough necks and ricks in the field. the result the so-called shut-in costs for wells to become unprofitable. it's low. it has a break even price of $80 or higher according to international agency. some regions are taking on less future investment if prices stay down or some shutter production. those effects will be overwhelmed by the upside on oil prices, especially for

let us bring in steve liesman. steve, what is working in the american economy right now? >> thanks very much. let's take a look at that. and kind of how many i doing on the u.s. economy, strong market, strong economy, an above expectations number today on third quarter gdp. let's dive in and look at consumer spending and some of the other sectors in the economy here. first thing i want to show you is the overall. notice here, four quarters above 3%. a lot better than we did here before except in one quarter here which was a negative number. that weather-related number. now let's dive in and look at the sectors. let's start off with 70% of the enchilada, consumer spending. that was up 1.8%. maybe a bit better than some expected, but in order for the fourth quarter to be as good, we're going to have to do a little bit better here. we'll have to do 2.5%, 3%. some hope for that with lower gasoline prices coming and consumer spending up right around the holidays. let's move on and take a look at housing. 1.8% on the upside. that was not as good as had been the prior quarter. b

steve liesman and austan goolsbee this afternoon. >>> off the lows now. we were down about 100 points following the fed's announcement. now down 76 on the industrial average. s&p down 10. the nasdaq down 30 points. >>> special fed division coverage continues with blackrock chief investment officer will be here. wait until you hear his take on today's moves. rick rieder straight ahead. that's more... shh... i know that's more than 100%. but that's what winners give. now bicycle kick your old 401(k) into an ira. i know, i know. listen, just get td ameritrade's rollover consultants on the horn. they'll guide you through the whole process. it's simple. even she could do it. whatever, janet. for all the confidence you need. td ameritrade. you got this. ameriprise asked people a simple question: in retirement, will you outlive your money? uhhh. no, that can't happen. that's the thing, you don't know how long it has to last. everyone has retirement questions. so ameriprise created the exclusive.. confident retirement approach. now you and your ameripise advisor

steve liesman is back at the mother ship with the exclusive results. have we learned from this, steve? >> mandy, what's more all-america than football and football took a hit from the recent scandals of domestic violence. we asked a year about major league baseball and football and a favorability rating. no change from 2013 to '14 in the favorability rating for major league. look at the nfl. 59% down to 53%. now rated a little bit less favorable. within a margin of error but the drop is not for the nfl. look at how that happened and what you see here is that these are those so-called warm between 0 and 50 on the scale of 100 but the percent cool gone up. this is where there's interesting information for the nfl of blue collar, up 12 points in terms of coolness or concern about the nfl. the gop up 11 points and then income under $30,000. why do they matter? >> they tell us that they watch the nfl a lot. at the core there's erosion for the nfl coming to their concern. next thing, should sponsors withdraw support in response of the scandals? 40 percent of

our own steve liesman, thank you, as well. important reminder, bill to the central point, doesn't take panic for an economic impact. everybody making one or two decisions as a result. >> look at that -- eaten almost all of that. almost 30 minutes left in the trading session. >> yes, it is. nasdaq, too. waiting on the twitter earnings. wall street pro of charles schwab saying we have had the correction and the bull market remains intact. sonders is here next. >>> later with $80 a barrel oil tested today, the pros tell us who wins and who loses if the prediction from goldman sachs of $75 a barrel comes true. that's coming up. location. location. (shouting) location. here's the location that matters the most. here. or here. or here. it's wherever this is. to get customers to come here and stay here, you're going to need an app that connects to all your systems. so they can bank, shop, do what they need to do, and you gotta do it fast. before the competition does. it's tough out here; you better be on the right cloud. today there'