the reality is it was really the nasdaq. the nasdaq failed. the traitors to not know what orders were going in. they did not have any confirmations. what happened was everybody lost confidence in facebook because the proxy at the time the market failed. the stock traded. liz: start attracting other names like ali baba. >> i don't know why you would risk it. liz: they have had many, many successful launches at the nasdaq. >> the biggest tech ipo in more than 10 years. it literally failed. charlie: i think there is a bit of a special case. they are losing money, they are not making money. i don't think they can afford a facebook like flub. i think that would really, really hurt their company. facebook is a very profitable company. i don't like the stock, don't like the platform. but this is what nasdaq is going to argue. they made a last-ditch effort. when you are in the nasdaq 100, it is a powerful tool for a company. it works. one reason facebook is doing so well is it is trading with apple and others. liz: what do they have to do to get some

come on, black eye for the nasdaq? >> it was a very unusual halt because we're not talking about the stocks that are traded on these indexes. we're talking about the actual nasdaq indexes. the nasdaq composite, the nasdaq 100 among other nasdaq specific indexes were not updating or trading. they were frozen for about 44 minutes from 11:53 a.m. to 12:37 p.m. eastern time, brian. equity operations as i said, stocks on these indexes were not impacted but nasdaq options market was haltsds for trade during this time. according to the nasdaq, it's global index data service 2.0 is a source of this issue, this feed experienced a brief disruption of service that was caused by a human error which resulted in the incorrect delivery of data to the system. nasdaq says it continues to investigate this issue. these systems, of course, are highly complex, still trying to understand if this feed has any connection with the sip, that's my question, which did impact nasdaq trading in august. if you take a look at nasdaq omx group, the ope

the index, as well as several other nasdaq indices, including the biotech index and nasdaq 100, have ted 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 position, and reviews people are doing online, because that's what yelp is. when they do the reviews, ton of

he's watching a stock that has not participated in the nasdaq rally. ng to you. > >good morning angie and that's the truth. it's really all about the nasdaq. the nasdaq has gone straight up 8% since october 9th. and it's up almost more than 30% now for the year. so this is a big bellwether stock that hasn't moved up---but the key is yet. > >we are talking about intel if you haven't caught on. that is the mystery stock here. so where are we going? is there any chance of a breakout? > >it looks like it's starting to do so. there's a solid base that we've seen since 2010 at the $20 level. so it's held that. it's essentially the year low. right now it's moved up to 24. it's been trading between 22 and 24 for the last couple of months. now it's back up to 24. that target has moved to 26. and a move to 26 the new high---target's 30. so there's about a 25% increase from where we are right now. > >what signs should we watch for a potential breakdown in the stock? > >look at this technically and from a technical standpoint the midpoint of the year is 22 1/2. tha

we made new 13 year highs in the nasdaq yesterday. and we saw the s &p come back where it was only down 1% from the all

netflix, another big winner at the nasdaq up over 400%. biotech has been a real outperformer, really leading the index higher and got to mention facebook, up 50% in just the past three months alone. so certainly internet stocks helping lead the nasdaq higher. a lot of other activity happening at the nasdaq with ipos. three of them that were priced this morning, tallying to about 100 so far year to date. we haven't seen those kind of numbers since 2007. tyler? >> thanks very much. sheila reporting. >>> so the nasdaq new 13-year high that could be a bullish or bearish sign, but here's some other signs for market detectives out there. the dow transports down today, but they are hovering at new all-time highs nonetheless. they hit them earlier this week. then you got earnings from internet giant amazon and the biggest software maker microsoft both this week beating estimates both seeing sales soaring. and relief for consumers heading into the holiday shopping season. oil is below the key $100 a barrel mark. there it is, 97.77. the average price

the s&p up by 3. nasdaq7. >>> up next, the government talks about bringing in top talent to modernize talent but it seems they settle for second or third best. >> round up the usual supports. >> so, how come the white house did not get top minds in silicon valley to design the deeply flawed obama care website? we'll talk about it next. >> politico's ben white says d.c. is killing the nation's economy. is that really the case? we will look into that premise later on the "closing bell." . more than a new interior lighting system. ♪ it is more than a hot stone massage. and more than your favorite scent infused into the cabin. it is a completely new era of innovation. and the highest expression of mercedes-benz. introducing the 2014 s-class. the best or nothing. intrtdd#: 1-800-345-2550lass. life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. t

liz: came to the nasdaq. all kinds of reasons people do that but, let's spin it forward to the big one everybody is wondering about and that is alibaba, the chinese internet company. have you spoken with those people or the alibaba team? >> we're certainly engaged with alibaba but it is important our value proposition is same for all listed companies whether you're large, small, high-profile, low profile. we come to that decision with our listed companies, how can be the best partner for them. that will be our message for alibaba and all others. >> on top of the technological glitches which is come for everybody, but the one in august is bad enough you had regulators come in and say fix this now. sec breathing down your back and frankly other exchanges to, put down your swords, work together. where does that stand? >> i think it is making great progress. we're due to respond back to the commission on september the 12th. liz: next year? >> this year. october the 12th. give credit to mary joe. she provided lead

the nasdaq is negative. stol myers up almost 6%, we have a 9% gain in jc penney and cf industries up 5% on the trading session. ty? >> come on home, lot of ketchup waiting for you. >> you got it. >> that will do it for "power lunch." >> "street signs" begins right now. see you tomorrow. ♪ >>> new york city is the place because markets still taking a walk on the wild side as they move higher again. welcome. tribute to lou reed. your hot stories what, if anything, can stop this stock rally. we're going to dig out so-called ugly duckling stocks that unloved but shouldn't be. why american carmakers are singing a sad song today and what mcdonald's did, mandy, which might be one of the dumbest things we've heard in a while. >> it is. le

. >>> finding value, the s&p at a record, the dow close to one and the nasdaq closing in on 4,000 but with the indexes at lofty levels, can you find value in this market? >>> proceed with caution, could all this optimism derail the bull run? we have five things market watchers say investors should watch. >>> the oil and gas boom in north dakota and texas isn't just benefitting the heartland. it's also creating jobs in phil mile at a shipyard. that and more tonight on "nightly business report" for friday, october 25th. >>> good evening everyone. i'm susie gharib, tyler is off tonight. more positive momentum on wall street today. the s&p 500 closed at a another record high, and the pmajor stok averages were higher for the third consecutive week. two tech companies were the talk of the trading day. amazon surged 10% and shares is of microsoft shot up 6%. investors brought up the stocks reacting to quarterly results that came out late that we told you about. here is a look at the closing numbers, the dow rose 61 the nasdaq rose 14 and the s&p tacked on seven closing at that new record 1,7

it's a retailer but trades down at the nasdaq. mall float but down 14%, worst weekly loss of 2012 when it fell 24%. micron, a name getting a lot of attention, down 9% today. it's the third best performing stock, though, in the nasdaq 100 so far this year. today it's the worst performer. after those earnings that were disappointing on the bottom line. it is on track here to halt five weeks of consecutive gains. it's been quite a high flyer here. on the flipside, intuitive surgical shares on pace for their best week since january 25th. and biotechs getting a lot of attention for hitting multi-month lows earlier on. we again began to see them climb back out of the red at the last couple of days, but it's not enough to finish in the green for names like vertex, biogen. back down to you. >> thank you, courtney. >> we got this new market data software on our computer today. >> we love it. >> we're feeling pretty good about it. what's the best performing international market this week? >> argentina. >> very good. >> how much is it up in t

the nasdaq did not really test when they rolled out facebook i think the main differentiator was the t changes. here you have a robust test scripts that will go into affect. most of the firms, it is not mandatory, it is optional, if you will, but most will be testing with the twitter ipo. dennis: i love to point out that the nasdaq is not really a place for that. are humans going to make the key difference here as to why the ipo would do that? >> i think it is more of a technology issue. they have experienced dealing with a lot of big issues. twitter, by all accounts, 65 million shares. they want to raise a billion dollars. i would guess it will be $15 price range. it is big in terms of retail awareness and what social media brings to it. dennis: you were saying that there was hope that this facebook ipo would finally bring individual investors back into the market. what do you think about the twitter ipo getting individuals excited? >> i think it has the catalyst to bring retail back into the market. a single stock cannot really do that. it can serve as an opening gateway for more st

you beat out the nasdaq here. if it's weak tomorrow i do think you can actually short the nasdaq off of the news. use 34. it's a great risk reward ratio. >> eric jackson, want to bring you back in this conversation. does this mean that in your view that ali baba is likely. >> i think nyse definitely has the momentum with a lot of big tough names including linked in and yep. i think twitter is trying to do everything opposite. >> let's keep this conversation going a little bit on yahoo!. since that is the reason we brought you on. you had been talking about why you would hold on to yahoo! awaiting the ali baba ipo. >> the core business is really acounting for only 15% of the stock price. everybody focuses on the core business like it's so important. this is all the results in this report which were for q2, which were fantastic. we have a similar amount of revenue. i think they are going to do 7 billi billion. >> you add to your position in yahoo! on this weakness. >> i think a lot of institutions will be buying tom

joining us prom the nasdaq exchange. sheila. sheila, google's numbers were strong but shares higher in trading. what is the one take away you see from this report? >> the one take away that investors are getting from google is if there was any concern about the company slowing down or maybe becoming a more mature tech company, pretty much gone after this solid third quarter. profits up 36% and sales, because that was a huge beat, as well. up 12% to $14.9 billion and the met trick up 26%. a solid quarter prom the company. the one other king in the report is the cost was down about 8%, a trend we've been seeing but again, big picture, more and more people are connecting to google, connecting to the advertising engine online, good news for the company and growth engine going forward. >> we'll see how the stock does tomorrow. thanks so much, sheila. >>> still ahead, the biggest creditor is not happy about the debt deal but is there any chance china will pal out of love with u.s. treasury. first a look how the international markets cl

the nasdaq down 25. on a percentage basis the nasdaq is the biggest loser. gold after a big move yesterday is down $8 on the trading session. the ten-year note the yield is 2.48% and ice brent crude traded up just under a buck on the trading session. while the markets are falling a bit today, carl icahn is $825 million richer. congratulations. about a year ago, he started buying up shares of netflix in the $58 a share range. mr. icahn bought a total of 4, 291, 000. which led mr. icahn to tweet yesterday, quote, sold block of netflix today. wish to thank reed hastings, ted sa ran dose, netflix team and kevin spacey. mr. icahn still holds about half the shares he bought but the up withes he sold netted him $825 million. certainly not bad and perhaps one of the best trades ever, ty. >> all right. sue, thank you very much. dominic chu, he used to be a trader before he came to his cepses and came over to this side of the business. dom, what have you learned over the years about when it is time to get out of a stock you own? >> you know, it's interesting, you talk

will the nasdaq within the are stock exchange get a listing?announcer ] imagine this cute blob is metamucil. and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber. >> trying to do this before they actually have revenue over a billion dollars. that was all the big things. just the first six months. can they stay on that kind of growth path? forced the thing to realize they're is a huge shift in global advertising. a huge shift in by. the main medium. becoming the main medium. twitter as the vantage of having been around for so long. it can capture a piece of that. twitter still not profitable when there are many. twitter has six. why it is not contested will. why facebook, histogram. it will be able to eat away at the share the to address. adam: the stock was of the numbers. 215 million monthly user's. is that a computer? who are those users? >> that's a hard question. twitter has to tell us something about u

joining us prom the nasdaq exchange. sheila. sheila, google's numbers were strong but shares higher in trading. what is the one take away you see from this report? >> the one take away that investors are getting from google is if there was any concern about the company slowing down or maybe becoming a more mature tech company, pretty much gone after this solid third quarter. profits up 36% and sales, because that was a huge beat, as well. up 12% to $14.9 billion and the met trick up 26%. a solid quarter prom the company. the one other king in the report is the cost was down about 8%, a trend we've been seeing but again, big picture, more and more people are connecting to google, connecting to the advertising engine online, good news for the company and growth engine going forward. >> we'll see how the stock does tomorrow. thanks so much, sheila. >>> still ahead, the biggest creditor is not happy about the debt deal but is there any chance china will pal out of love with u.s. treasury. first a look how the international markets cl

and then watch the nasdaq as well. we also have to tell you that the hacker group, the syrian electronic army, is back at it. breaking news today, it claims to have hacked president obama's twitter and facebook page. you know, when it comes to things like redirecting sites, etc., it's been hacked, but we're watching that story as well. this as twitter is about to go public in the next month. let's get to facebook. facebook should be losing some friends in the u.s., spooking investors ahead of its earnings on wednesday. nicole petallides is watching that at the new york stock exchange. >> reporter: that's right. i have to tell you we're watching the facebook shares today, liz, pulling back some after recently hitting levels, new highs, right, that we hadn't seen. today pulling back 3%. there's some concern ahead of their report which will be due out on wednesday that they may be losing some domestic users. in the meantime, credit suisse actually didn't help this story because they actually put the price target now to $61

the nasdaq, the tech-heavy nasdaq has been doing the best of the three and doing well there.hole week picture. back to you. tracy: thanks, girl. see you in 15 minutes. ashley: as we know washington is still at a stalemate as the debt ceiling deadline looms ever closer. rich edson his head spinning on capitol hill with the latest. rich? >> listen the amount of movement we've had on this day can be summed up with the president and vice president leaving the white house ground and going out for lunch. that is about the majority of the action we've had on capitol hill today although the president or in washington today. the president made remarks on what is going on in d.c. and was asked if he has any plans on meeting with the speaker? >> nothing firmly planned but i'm always happy to talk to him and tell him, we can negotiate about a whole bunch of things. >> this isn't some damn game! the american people don't want their government shut down and neither do i. all we're asking for is to sit down and have a discussion and to bring fairness, reopen the government and bring fairnes

the nasdaq says it continues to investigate the issue. again, no equity exchange operations have been impacted but this is still something that traders are watching, especially in the options market. sue that's the latest. >> seema, thank you very much. we turn to obama care now because it is taking center stage on capitol hill today. the administrator of medicare and medicaid services testifying before paul ryan's house committee on ways and means. bertha coombs monitoring that committee hearing all day. where do we stand? >> it just ended at at the top of the hour. marilyn apologized for the rocky rollout in her opening statement but didn't keep her from getting grilled. at times on the failings of the website but republicans on the committee more often hammered her on the issue of insurers dropping plans in the individual market because of obama care rules. she repeatedly insisted it's the insurer's decision. >> do you know if it's true, as the president has said and many democrats have said, if you like your health care plan, you can

the nasdaq and russell all surging. more "power" in two. ight brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me? and you hear your voice? oh, it's exciting! [ man ] touchdown confirmed. we're safe on mars. [ cheers and applause ] ♪ hi. [ baby fussing ] ♪ >>> welcome back to "power lunch." if you suffer high cholesterol his story is for you. shares are at sessionhighs. a drug being developed by it is producing promising results. patients who use the medication saw ldl or bad cholesterol levels cut in half. they hope to have an approval for this drug by the year 2015. back over to you. >> thank you very much. we are moments away from the breaking news on the health of the u.s. economy. the so-called beige book. this is where we stand on the markets at the moment. we have surged since we had that tweet just before 10:00 a.m. easterns this morning that a deal would be done on the senate and slowly working our way through that process. not l

big loss for the nasdaq, which is traditionally the home for big tech companies.will kick off the road show to encourage big investors to take part in the ipo. twitter is still not close to being profitable. they posted a big loss in the latest quarter as it tried tole ramp up its sales team. >> nestle is moving in on hershey's turf. they are going to roll out a butter finger peanut butter. nestle is convinced it will be a hit. they bought their first ever super bowl add to promote the new product. sale topped $1.3 million. i like the bite-sized cups instead of one big cup. >> exactly. marla and i don't agree. we don't wear what size it is. peanut butter and chocolate, the perfect blend. we will eat it up no matter what, bertha. >> thank you very much, appreciate it. you made my day with that news >>> how about this one, an embarrassing moment for a bay area actor after he reportedly tried to skip out on his bar tap. police say paul vasquez, jr. alleged allegedly tried to leave the dive bar. he has appeared in sons of anarchy, e.r. and nypd blue. he was handcuffed

simply the nasdaq has been besieged with all of things, tech problems. n fact they had to pay a 10 million-dollar fine for messing up the facebook ipo because of, what? computer glitches. it wasn't as bad as the obamacare rollout but man, it was almost there. most importantly it gave facebook their big shiny, new client, lots of embarassment. i think folks at twitter noticed. the real kicker was, this past summer when oracle jumped ship and moved its listing from the nasdaq to the nyse, the wiser and older technology company must know something. so with all of the nasdaq computer problems and oracle moving its listing, why would anyone think twitter would go anywhere else? melissa: all right. be sure to watch "the tom sullivan show" this weekend. catch it on saturday and sunday right here on fbn. >>> up next on "money," it is franchise friday! the next step getting your business off the ground making sure you get a grade from the health department. would you eat a place with a low rateing? me neither. we have hazards to avoid for those in the know. >>> pl

cheryl: all three major averages are up, look at the names on the nasdaq. n business: do more with less with less energy. hp is lping ups do just that. soon, the world's most intelligt servers, designed by hp, will give ups over twice the pformance, using forty percent less energy. multiply that across over a thousand locations, and they'll provide the same benefit to the environment as over 60,000 trees. that's a trend we can all get behind. cheryl: the latest breaking news out of washington. senate leaders announced a debt deal on the senate floor earlier, looking at a press briefing room, and we are awaiting for reaction from jay carney. and we bring those comments with white house reaction to a bipartisan deal. and speaking at the same time as gop leader mitch mcconnell and put a no vote on a plan when he does. and house democrats, keep you up-to-date, planning meeting for 2:00 eastern time. and all the details cominggalex, and we expect to see jay carney. dennis: the national football league looking at a second game on thursday night. and a new partner

the nasdaq is up a solid 2%. it is a winning day here. the level is 16.67.

josh joins us with more on what is driving the nasdaq lower. josh, which kinds of stocks, which specific ones are getting hit the hardest? >> tyler, in general you're seeing high-flying stocks getting hit the hardest so it's internet names, the higher they go, the harder they do fall and my friend likes to say. you are talking about those internet stocks, facebook down about 8% from the record high, linked in down. with the pull back the stocks soared this year. the analyst fizz gtzgerald trac the index of the 65 biggest internet names, facebook. that index surged about 52% so a big move in these names, tyler. >> is that what is behind it, josh, or is there a timing element here because you wonder what is going on, why stocks are getting hit at this point? >> it's interesting. i was talking to traders today and some of them said listen, if you were concerned about this shutdown, if you were worried about the shutdown, if it had gone on longer than you anticipated, then why not trim some of those gains and some of these high flying stocks moved t

the nasdaq 100 is still holding in. n the street" is back in a minute. ntst exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade-proud to be ranked "best overall client experience." >>> >>> celebrating their ipo this morning, real estate company remax, priced above the expected range of $ 22, now trading at 26.26. no small take in a field like this. i want to welcome margaret kelly. >> thank pyou. what a thrill. >> probably a little dicey given what's going on this morning. double digit growth in the first half. do you wish you had done this sooner? >> we had looked at this for a couple of years. the timing just want right. economic recovery, housing recovery, we're ready. >> margaret, congratulations. i was going to talk about t

the biggest winner, the nasdaq, up more than 3%.ust an incredibly well within just under 100 points from 4,000. nicole petallides on the floor of the new york stock exchange and sandra smith. >> reporter: is exciting. doing great this week. the 28 time. actually hitting a record all time high. the best performers this week in including verdugo which cross the thousand dollars per share mark today. 13% to the upside today, but up over 50 percent this week. also, pioneer, first solar, to public, wpx energy. we are seeing some big moves today. all of these teams are up 13% more. maybe you're using. whole foods markets. seven names in the s&p 500 consumer sectors, industrials, health care, eight financials and six from the tech sector. consumer sector bleeding away in the area. liz: not want to get to sandra. all the commodities which have done rather well during the d.c. drama. this talk about what is on your radar right now. >> a lot of green arrows as far as the precious metals were concerned for the week. gold and platinum, your

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 brazil

the gains today combined with yesterday's made for the best two-day return for the dow, nasdaq and s&p since january. the dow and s&p scored gains for the week up a percent but nasdaq up less than a percent for the first time in the past six weeks. today just one day after its largest point increase in nearly two years, the dow close the at the high of the session up 111. the nasdaq up 31 and the s&p gained ten. >>> so, what do you do with your portfolio while congress still tries to hammer out a debt deal? we'll tell you what some market pros are doing, that's coming up a little later in the program. >> the markets move on date and today the u.s. energy information announced it won't publish the weekly crude and gas weekly inventory levels and other data until government fuding is restored. they asked come neens to submit companies to the eia that will be processed after furloughed workers return. >>> one well-known corporate executive is fed up with the shut down and urging customers to do something. ceo of starbucks is asking people to sign petitions in the coffee shops over the ne

the nasdaq 100 composite hitting a fresh 13-year high. you were were it talking whether tech is getting frothy. keep in mind we are 20% away from the all-time high the nasdaq hit in march 2000. we're still a little ways from that. as for the winners, google of course the big one leading the way today. it's also having a very nice halo effect when it comes to other internet stocks like facebook and linkedin, all those names higher on the day. amazon hitting a record high today after an upgrade by ubs to buy. ubs saying look, there's a the lot of momentum when it comes to revenues at amazon. people underappreciating the kindle business and advertising business. there is one notable sector left a little behind in today's rally and that's the semiconductors. and one of the big losers, did turn in a profit but forecast was disappointing and that is a theme we've heard from all the semiconductor companies this week, whether intel or cyprus or fair child. certainly a sector to keep an eye on and whether that weakness will it continue. tyler? >> s

right here at the nasdaq or the new york stock exchange? where do you think it will be? >> twitter has not made a decision yet. it does suggest that perhaps nasdaq has a stronger fighting chance then we all thought. a lot of people were betting on the new york stock exchange, particularly because of nasdaq apostates that fiasco, the trading which we saw in august. -- the trading glitch we saw in august. has that has more to lose. -- nasdaq has more to lose. we are seeing a shift among ipos. >> six years ago, the new york stock exchange had only 16% of u.s. tech ipos. 94% to nasdaq. so far this year, it is three to two. 40% on the nasdaq. that is since the eye -- the facebook ipo flop. i think on wall street right now, people are saying, no one ever got fired for choosing the new york stock exchange. now we are thinking the fact that they have an -- they have named the exchange, -- haven't named exchange, nasdaq has a fighting chance. >> which means there are going to be a lot more comparisons to facebook. what will twitter's ceo dick costolo do versus what mark zuckerberg

speaking of ipos, potbelly began trading today on the nasdaq. promptly more than doubled in the first few hours of trade. for those investors watering at mouth at the prospect of buying this stock, herb greenberg is here and has warnings for you. herb, don't rain on this parade, please. come on. >> well, mandy, you know, i have to tell you, when you take a look at this, it is -- a company that has a great story to tell. you know, rising sales. got profits and pedigree with its -- private equity firm backing it. but when you take a lower look at stuff like you take a same-store sales for the first six months of the year, up 1.2%, compared with 4.8% first six months of last year. so you start looking at that and people say who cares about the same-store sales because this company puts up a bunch of new stores. and that's where this gets interesting for all restaurants. we don't know how the sites are going to be. what kind of real estate they are going to get. have you private companies out there like jimmy johns, sort of similar concept, which has

the nasdaq lost 21. and the futures are suggesting a lower open for u.s. stocks again today. one said u.s. treasuries are like glue that binds all the world financial markets. the default would lead to a catastrophic chain reaction in markets around the world. if the u.s. can't pay its debt, treasuries would turn into risky investments and carry higher interest rates leading to higher interest rates on mortgages and student loans. still the corporate world is trying to go about business as usual. twitter is planning to list its shares for its ipo on the new york stock exchange. this breaks a long-standing tradition of high-profile tech companies listing on the nasdaq. the nasdaq has faced certain problems lately including at facebook's ipo last year which led to confusion. that's your moneywatch. for the latest business news, following me on twitter #gigi stone tv. >>> coming up at 4:55, it is a common tool to use to fight crime but wait until you see where some police in one bay area city want to install the surveillance cameras. >> reporter: another morning, another sigh of

the gains today combined with yesterday's made for the best two-day return for the dow, nasdaq and s&p since january. the dow and s&p scored gains for the week up a percent but nasdaq up less than a percent for the first time in the past six weeks. today just one day after its largest point increase in nearly two years, the dow close the at the high of the session up 111. the nasdaq up 31 and the s&p gained ten. >>> so, what do you do with your portfolio while congress still tries to hammer out a debt deal? we'll tell you what some market pros are doing, that's coming up a little later in the program. >> the markets move on date and today the u.s. energy information announced it won't publish the weekly crude and gas weekly inventory levels and other data until government fuding is restored. they asked come neens to submit companies to the eia that will be processed after furloughed workers return. >>> one well-known corporate executive is fed up with the shut down and urging customers to do something. ceo of starbucks is asking people to sign petitions in the coffee shops over the ne

you just saw seema showing the nasdaq up 85 points. would you put money to work here knowing what you know and expect on the third quarter earnings season? >> wryeah. once we get past the debt ceiling issue which we think we will, we look at credit markets there, not the short end of the credit but the long end, it just doesn't believe there's not going to be some sort of compromise. when we get to actual earnings, we think more of the same in the third quarter. majority are going to cut estimates for the fourth quarter. they're too high. that doesn't necessarily mean stocks can't go higher. if they don't come down nearly as bad as feared, which were projected, we thinks stocks can rally through year end. >> clearly a relief rally here, nick, as they at least are talking in washington now. how much of this rally can you attribute to earnings. how much is it the fact you're going to see no tapering from the fed for the foreseeable future? we're still on the morphine drip from the fed at this point. >> right. i don't know today's rally is

good to see you. >>> now, the opening bell for the nasdaq today will be rung from dublin. ell, it's the reason we sent karen cho there who is in the irish city. why is the nasdaq opening their bell today? >> about 10,000 people attending this web summit are finding a story in ireland that's not about austerity and one that's about growth. it's been, of course, international furor going off the technology business to become the next silicone valley in an unfair way, using a rather attractive tax structure. but in some ways, this is a big public relations exercise over the next couple of days to prove there is more to technology here than just the tax system. so you can see behind me, a whole bunch of stores where many of these engineers are showing their wears or if they're pitching on stage trying to secure a venture capital money. they're all here trying to prove that technology in ireland is one that the prime minister has been focusing on. i'm going to be catching up the prime minister prime minister later on as we see that bell rung for the nasdaq. between the technolog

we made new 13 year highs in the nasdaq yesterday. and we saw the s &p come back where it was only down 1% from the all time highs even with this nonsense. > >we had some critical earnings come out after the close last night. intel and yahoo. let's start with intel. > >that's the great part of this time of the year. we 're looking at the fundamentals that are gonna slap us in the face with how well corporations are doing. again, corporations are different from the economy so they're doing fantastically well. intel blew out numbers as did yahoo. if you look at those stocks, especially yahoo, it's come a long way. it traded between $10 and $20 for 4 years which targeted a $10 move to 30. so 30 is the price of the lean on and it's blasted off above that once again. > >is this a time where traders want to be fighting the tape though alan? > >i think unfortunately that's human nature. people are trying to find a reason for this market to go down and they've been doing it for 4 years. a lot of casualties have occured because of that. you've

best performing stock in the nasdaq 100 this year. eavy volume, 23 million shares trading hands in just the first half an hour, the most heavily traded name at the nasdaq but it's not all bad. you can see shares of wynn trading higher by more than 2% here getting an upgrade from jpmorgan an increase in that price target as well. back to you. >> thank you very much. to the bond market in chicago. rick santelli tracking the action at the cme. hi. >> hi, tyler. everybody remember, we have bond market closures for columbus day holiday. many traders on this floor that service accounts for hedging or speculating told me early in the session that many came in looked at the market, looked at the news in d.c. and they were gone. it could be a thin day especially for market movement later in the session. as you look at a dollar index the time it started to move up just a little after 11:00 eastern. look at a ten-year the way its yield started to move up a little after 11:00 eastern. when you want to know what's going on it's more about stocks ri