in the markets right now, ugliness off the lows though, down 138 points. the s&p -- the nasdaq rather down 17 points now, half a percent decline there. the s&p 500 index is down to 1360. stocks are taking a hit after the european centralback did not deliver on the pledge to do whatever it takes to save the euro. as we await the jobs numbers tomorrow, is a bad number what we need for a federal reserve intervention. >>> we have michael day with us, eric lashelous with us, rick santelli and steve least man with us. >> maria, i disagree right off the bat. i believe the market would like a good job's number and some conviction that jobs were turning around that markets would rally. one job's number is not going to make it. >> it's been horrible numbers the last three months. >> we have, there is some hope out there that the abp must remember could be pointing the way. i think the consensus is probably more than 120 on the street is what they would be looking for. that would be modestly satisfying but not enough. >> michael, we're down 130 plus points, you were saying it's a bullish

the nasdaq is down 2.5 and the s&p 500, justically flat. we have about 35 minutes before the "closing bell." a new report finds that financial reform will cost banks tens of billions of dollars every year. so will the banks try to pass that along to consumers? and all of the super packs are off the reservation like this one insinuating that mitt romney caused a woman to die from cancer, and a new super pac for lawmakers to be able to drink together and get along together so we don't hit a fiscal cliff. 0 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime... tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 trade at charles schwab for $8.95 a trade. tdd#: 1-800-345-2550 open an account and trade up to tdd#

the dow jones down 3 1/2. the nasdaqa little over a third and the nays nays 1 -- nasdaq composite 103. >>> news on whether the housing number is bouncing back. the national association of realtors will release two reports for the month of july. on wednesday sales for previously owned homes will be released. on thursday we'll hear about the number of new homes sold. they expect the numbers to be better. >>> if you have an iphone or planning to upgrade, the time to trade in is now. the value will drop as everyone decides to trade for the new iphone 5. apple hasn't release lad date yet for the iphone 5 but the rumor is september 10th. >>> money magazine has high praise for one of our local living space. it ranks the columbia ellicott city as one of the best places to live. the area comes in at number eight on the list according to the magazine, columbia and ellicott city offers the best of both worlds. columbia is a laid out community with tons of big box stores. the towns topping the list of best places to live, carmel, in

predictions for the second quarter but china is reporting lower growth in its exports, the dow up 11, the nasdaq down three, s&p is flat. >>> the u.s. government has told 95 5 of the largest banks to make plans for preventing their own collapses in case they face problems. jp morgan chase, bang of mish, goldman sachs, citigroup and morgan stanley. they say the orders came down in may of 2010 but have been secret until now. the order is a sign the government does not want banks to count on deposit help if they run into another possible financial collapse. >>> this is the second day of target's job fair in san francisco. hundreds of people lined up for interviews outside yesterday. the line wrapped around the shopping complex. more interviews will be held today and tomorrow. target plans to hire 300 people. the new store is scheduled to open in mid-october. >>> the chocolate company has planned to expand. they will add 2000 square feet to its original store in san francisco, which is filled to capacity on weekends. it will also open stores at the san francisco palace hotel and harrah's las vegas in the

we get data later on demand for big ticket durable goods t dow falling 115 points to 13,057, the nasdaq down053 yesterday. mortgage rates are on the rise, ]h straight week. freddie mac says the average rate is now 3.66% up from 3.62% the previous week. analysts say the move higher likely reflects recent positive move in the housing çsector. and a new kindle could be on the way. that is speculation after amazon sent out press invites to an event on september 6, amazon launched the kindle fire last fall and analysts say is probably due for an upgrade or could refresh or introduce new versions of its ereaders, the event six days before apple is expected to unveil a new iphone and possibly a mini pad. never can have too much personal technology. >> where do you put it? thank you. gt to see you. >> we're so connected. >> amazing. you mentioned perfect sleeping-in weather. >> what's sleeping in? >> if you're up at this hour it's one of two things, you have a redick youlessly early schedule like us or you're celebrating all night long. temperatures are looking nice and comfortable. we are going to

right now, the dow is down 50. the nasdaq is down 3. p down 3. >>> three people are rekeeferring after their boat ran onto some -- recovering after their boat ran onto some rocks. the medical workers are not releasing. names of the victims or any other details about their situation. >>> the financial times of london says the g-20 is ring aing to record prices for grain caused by the worse u.s. drought in more than half a century. next week, g-20 leaders may set up a meeting that may take place next month. >>> the 2012 summer olympics have come to a close in london. ♪ >> the closing ceremony was a three-hour long extravaganza which included music and dancing from a long list of british entertainer. there was brazilian samba dancers, welcoming the world to their country foreign the 2016 olympic games. >>> the u.s. earned 104 totals. china was second. team great britain won 65 medals overall. >>> tonight on the news at 5:00 -- we will have team coverage of the wildfires in lake county. hundreds of people have already been convicted. the eff

the dow giving back a couple points trading at 13166, the nasdaq down and the broader market a fractionaloser today. are investors missing the point by betting on bailouts like mcdonalds posting the worst decline in nine years. we have a guest from maintain capital management, and mick santelli, david, the market may pause but it doesn't feel like it wants to go lower. >> i agree, it does not feel like it wants to go lower. we had a great rally over the last few days with the positive announcements from the ecb, mario draghi, hints at firth qe by another fed official this week. the market doesn't look like it wants to sell off, but we'll give back a little over the next few days. >> and rick, it's because it believes bernanke and expressway put a floor under stocks. >> overseas in europe they were down six times as much. i think the stock market will continue to mostly appreciate. i think the dynamic is going to stay in place. i liked your lead in. i think from a lojic standpoint, fundamentals may catch up to many markets, but if the stock market is considered an oasis, is has to end up s

off the lows, the down was down at 13,000. now down to 13126. the nasdaq down 25 points. and for the s&p, the number traders tell me to watch is 1397. if you go below that you might have problems with the bulls. >> no doubt that comments out of injury put pressure on u.s. stocks today. the euro was said to have a 50% chance of falling apart. also, spain delaying a bail out until aid conditions are worked out. >> the market waiting for signs of stimulus from jackson hole tomorrow. let's talk marks. dan greenhouse with us, david cass, steve leisman. ben bernanke has to deliver tomorrow, right? >> i thought you were coming to me the first because i have the best shot here, bill. >> it is very pretty. >> yeah, move out of the way, i think we have a separate shot of that if you want it. i think what bernanke has to say. he talked about how could it could do. he talked in a letter saying there is scope for fed policy to help the recovery. maybe he will put a little more meat on the bones, secondly we'll look for his characterization of the economy. the economy has been better t

at this hour, the dow down 100 points. the nasdaq down 28, the s&p down 10 points. the government says consumer spending increased in july after holding steady in june and falling in may. up 0.4% in july, personal income was up also 0.3% after taxes. and consumers have been going shopping. major retailers including target and costco are reporting robust august sales, up 6% among the top 20 retailers. much higher than economists predicted for the $2.4 trillion retail industry. but investors are concerned that rising gas prices, up 11% this week, thanks to hurricane isaac and now 3.80 a gallon on average nationwide, that kind of a hike could force consumers to cut back on spending. and then there's the stagnant jobs market. the number of americans seeking unemployment benefits was unchanged last week at 374,000 but that was a slight upward revision from the previous week. the four-week moving average just over 370,000. if you want to see the unemployment rate go down, jobless claims need to stay below 375,000. markets are hovering near their lows for the week. tomorro

the economic slow down. the dow is currently up. 15. and the nasdaq is down two. s&p is up one. >> we are getting the latest activity at the chevron refineary in richmond. we are going live to ken pritchett to get the information you received a short time ago. ken? >> reporter: called for four engines and one fire truck to come out to the chevron refinery because of a fire. the initial report from a chevron spokesperson was that this is the same flame that was burning at the damaged unit that caught fire. small flame about the size of a basketball. you can see now from chopper two. fire personnel out there. and putting water on the unit. here is what changed. >> it is the small basketball sized plame that expanded. just the last 15 minutes. they told me it was a second fire that was extinguished almost immediately. it is not the original fire. but a small fire. and this was a second fire that according to chevron was distinguished immediately and it appears the second fire occurred or took place in the same damaged retuneary unit. and that is where we see right now

right now, the dow down 60 and the nasdaq down a 5 and the s&p down 4 points. july home sales increased just 2.3% to 4.47 million units. it is an increase, however, of 10.4% from a year ago. that's according to the national association of realtors. the median home price is now $187,300 down slightly from june and, again, up 3.9% from a year ago. this afternoon we do get the minutes from the latest federal reserve meeting. market watchers looking for any hints of upcoming moves to stimulate the economy. greece is, once again, asking for more time to meet its debt reduction targets. a meeting with euro zone leaders is scheduled for later this week. stocks making big moves today. dell down 52% after disappointing third quarter earnings and lowering profit forecast for the year. on the flip side, william sonoma up 9% after the kitchen and home store chain reported a 10% increase in profits. >>> finally, the head of the national urban league is urging not to sell the new lebron james shoe. it tracks how high you can jump and how far you can run. it is expected to re

the day. down 114 on the dow. down 11 points on the s&p at 1402. the nasdaq is down 21 points. biggest percentage move to the downside on the board right now would be west texas intermediate crude. the hopes are dashed a bit about whether or not qe3's in the offing so we are down a buck 13 on west texas intermediate crude. better than 1% on the trading session. where's the money going? in to the gold market up about $33 on the trading session. and it's also going in to the 10-year. the yield when we started the week in the 10-year at 1.84%. we are now in terms of a yield basis on the 10-year 1.66%, simon. so big shift in the markets today. >> how important are the reversals seeing here? >> i think 14 handle on the s&p is very important. i'm looking at gold. the action in gold is different than what we're seeing. if you're buying 10-year and gold, unusual. we haven't seen that in the market. the gold reversal leads me to believe -- i mean the oil

president made it sound less likely the fed will act to stimulate the economy and as a result stocks went down. the dow is down 115 to 13,057. the nasdaq is down 20 at 3,053. the s&p is down 11 at 1,402. >>> general motors has plans for a new compact car. they will invest $220 million into ohio factories for a redesign of the car. the current model gets 35-mile as gallon. -- miles a gallon. it is expected on the market in 2014. >>> they are retraining agents after allegations of racial profiling. all tsa agents have to take a refresher course. it will reinforce profiling is not tolerated. they come after agents accused agents of targeting minorities. >> bad guys come in all different shapes and sizes. >> the program keeps people safe but it doesn't work if they are profiling. >>> let's talk about our weather now, over to our chief meteorologist bill martin. today seemed like yesterday. >> i was going to ask you. very similar. each day. most areas dropped a couple degrees but it was subtle. last night was a deep marine layer, over 2,000 feet. this morning there was fog. the fog, not as deep tonight, not over 1500 feet so we will see a w

sending the market lower along with major retailers lows profit down 10% and best buy turned out and down a buyout offer and had this ceo ran on the dow losing 25 points and the nasdaqlater on cbs this morning >>> weaken to that the magic of 10 edition. what's on the big program today. >>> an incredible device good morning. thomas can kids life was not as peaceful as his art looking this morning at the battle of the painter of lights estates and the government's trying to get the balls off of the market. the ceo at the table this money to talk about his campaign to save the magnetic toys. and although gates is building it to that for the 21st century. he says that's a very big deal coming up and about 10 minutes. >>> through the power of television we can go upstairs now >>> and they area we do have a lot of low, cover and fog this morning with a resolution about said the fog extent of the bay and to some of the valley is early on today as we get to the afternoon plan to sunshine out there in the temperatures warming up nicely although the numbers are ignored. " seasonal by the afternoon and clear whether it is ahead is to look toward the week. the high-pressure hol

the nasdaq down unable to break positive territory, down four and two-thirds points, a fraction nael loss, and the s&p up a fractional move up .88. >> don't worry about mcdonald's other priceline either. we have jim paulson and gene. thank you for joining us, gene, let me kick this off with you, how are you investing in this market? >> we're positive, so i would say we're looking at more risk oriented opportunities. consumer digressionary, looking at building up our positions, agriculture and other materials. even some of the metals are attractive. the railroad stocks are showing strength. i think that bodes well for the economy and the market going forward. >> rick santelli, it was an economic light week. what are the next catalyst in terms of moving things forward. >> i think the month of august becomes a fundamental. i think when the european vacations of august are over there will be a sense of a different reality that might company some of those euro accurates when they come back into the office. i respect both of our guests and i understand they can be bullish stocks, but i woul

the hang seng was down a fraction. >>> wall street will keep an eye on t july reports. the news out of europe caused investors to dump stocks. the dow lost 92 points, while the nasdaq down 10. the house voted to extend disaster assistance to sheep and cattle producers hit hard by the drought. the $383 million measure restores four aid programs that expired last year. critics of the legislation say it falls short of a proposed five-year farm bill. >>> it's a tale of two car giants, one in the fast lane, the other trying to keep up. overnight, toyota reported a $3.7 billion quarterly profit. the car maker says sales from april to june rose 60%. meanwhile, general motors' growth has stalled. gm's second quarter net profits fell 41% due to a slump in european sales. >>> from the attic to the auction block, a century-old baseball card collection brought in quite a haul last night. a selection of 37 cards sold for more than $566,000. the cards were tucked away in the attic of an ohio home for 100 years until a family found them back in february. there are more cards to be auctioned off over the next few years and the entire collection could go for up to $3 million. terre

we've come off those lows down 11 points on the dow at 13,263. the nasdaq down four points. also off the lows of 3,072. s&p 500 index down a point and a half at 1416. >> meanwhile away from this broader market action we're watching two stocks closely today. apple hitting a new high today. take a look at where it is. 662.55. the company has now taken the crown as the all-time market cap king on wall street. beating microsoft's previous record of 618.9 billion back in 1999. also facebook. different story there. but after falling below $19 a share earlier the stock has since rebounded. take a look at that. we're looking at the stock at now 19.86. more on these two stocks coming up in the program. >>> we found a bull. we finally found a bull on facebook. we'll talk to him coming up in a little bit. >> yes, we will. is this market poised for more gains or future pain? >> in today's "closing bell exchange" we have josh brown, fusion analytics. lee munsen, portfolio -- our own rick santelli. none of these gentlemen is the facebook bull we're talking about. we'll get to him a little

the reason for those down arrows. we are down four points on the dow jones industrials. that is your press of the market. the nasdaqs&p 500 below 1400. back to you. dennis: fed governors are gathering in jacksonville, wyoming for their annual meeting. with gop presidential candidate romney making it clear he would not return ben bernanke for another term. how much does politics play into ben bernanke's decision now. thank you for joining us. do you care as you figure out whether you want to start another round of stimulus? >> i think the chairman would prefer not going into the election on november 6. no matter what he does, there is always someone who will look at it in a political way. history suggests that he wants the fed to do what is in the best interests of the country. if that means they take some are political heat, that is part of the job. dennis: do you think they will act by september? >> friday, i don't have great expectations for friday. i think what will happen in his speech is fed chairman ben bernanke will tell us what we learned from the minutes which is seriously considering providing more stimul

but right now, the dow down very fractionally by 12 points at 13,153. s&p at 1401. the nasdaq off 6 at 3012 and change. all day long we're taking a special look at cnbc at retailing and what is likely to be a very crucial back to school shopping season. this year, buying items online plays an even bigger role as more retail goes mobile and social. courtney reagan with the likely winners and losers. >> thank you. tomorrow is back to school saturday. it was created by teen vogue to unite retailers and excite consumers. a number of retailers andrand on born and love to add another annual shopping event to the calendar. will it get shoppers to the sto stores? this year, they're expected to fill up the carts. 48% of consumers believe retailers offer better promotions this year online. 34% finding better deals online than in the store and retail may me not says 83% plan to use coupons online and offline. because parents find back to school shopping stressful, those making shopping as stress free as possible benefit the most. some schools e-mailing a list of school supplies they need

staying above 1400 for 1402, and the nasdaq down 20 points, two thinkers of one percent. it seems to be the tweet herd round the world. bill gross following the federal reserve minutes. he says it makes qe 3 an 80% probability. translate that and he means he thinks it's very likely that the fed will stimulate the economy again and keep interest rates incredibly low into the foreseeable future. bill joins me now in today's market panel to talk about that and more. jeff cox, cnbc senior writer, and jason treanor. bill gross, first to you, do you stand by that call despite what we heard today. >> even more so today. the fed is basically asked that price oriented into the extent that the risk markets as evidences is down. what the fed minutes told us yesterday is that addition than in easily might be warranted fairly soon, and let's put this in capital letters, into a sustainable economy. we have another employment report to go before the fed meets again, but sustain able strengthening of the economy, we need to see months of real growth before the fed backs off of this provis

the dow is down 92 to 12, 878. the nasdaq is down 10 at 2,909. the s&p is down 10 at 1,365. >>> the latest rover is set to unravel the secrets of the red planets. it is scheduled to land on sunday. it has invancement in data collecting -- advancement in data collecting ability. >> will provide spectacular views of the surface and help us determine what areas we want it explore. >> scientists are optimistic it will help find out whether or not there was life on the red planet. >>> new fees for the boat launch, a new payment kiosk is up and running. $5 for 24 hours. yearly passes cost $100 each. >>> crews set up for this week's art and soul festival in oakland. a number of streets will be closed to traffic. some began today but organizers say all downtown streets will reopen for monday morning. this is they are 20th 12th 12th annual. >>> a lot of people will be out and about in general. let's turn it over to our chief meteorologist bill martin. we got warm today. >> did you notice? inland, upper 90s. today was the warmest day of the week. temperatur

looks to the downside, but again, we wait to see how trade settle, and if you're down just .20 for the s&p 500, it could flip over. we're watching the nasdaq down about a third of a point, so it's really just sort of flat on the session. ashley: it really is, no conviction at all. liz: we are kicking off an important week for your money. tune out anybody who says august is slow. we're telling you what to watch, and we will bring you perspectives from some of the smartest people in the business world. ashley: we'll hear three picks that renee haugerud thinks will move the markets. liz: stocks are little changed with all three major indices ending to the downside. i'm a little hesitant to call this one because the s&p -- that guy right there, looks like it's about to flip over. we're not sure about the s&p, but we can call it to the downside. telecom and consumer discretionary were the worst performing sectors while health care outperformed. after hitting a fresh five-year low on friday, the vixx rebounded today. the so-called fear gauge jumping nearly 5% to end the day at about 14.02, and when it jumps, that means there's more concern in th

right now the dow is down about 28 point and the nasdaq down 10 and the s&p off 4 founts. lowe's came up short of earnings expectations. revenue at stores open at least a year fell 0.4%. the company cut the outlook for the rest of the year. meanwhile health insurance giant aetna making a multi-billion dare addition. it will spend $5.7 billion in cash and stock to acquire coventry health care. it can compete for medicare and medicaid customers who will benefit from the expansion of those programs that are part of the affordable health care act, obama care. also in europe the greek prime minister is expected to ask for more time to reach debt reduction targets. for the last two years greece has depended two multi-billion dollar bailouts from euro zone countries and the international monetary fund to keep it out of bankruptcy. back in the u.s. realty track is reports that the number of homes with the first notice of default increased 6% in july compared to the same month last year as lenders tackled a backlog of mortgages that have gone unpaid. finally, facebook founder mark

the dow is down 3 to 13,271. the nasdaq is down 0.38 at 3,076. the s&p is down 0.03 at 1,418. >>> in san jose police faced dwindling resources as they face a spike in deadly violence. it began with two killings last third a third tuesday and a fourth yesterday. yesterday a shooting happened in south west san jose. in addition to the homicides several people were shot and wounded, including a 15-year- old boy. a woman who moved to san jose thought she was leaving behind that kind of violence. >> leaving los angeles i thought i got away from that because i don't see, you know, the boys that look so much like they are gang related so, yeah, scary. >> police say they are working with fewer officers making it difficult to respond quickly. this year 28 people have been killed in san jose. at 6:00 p.m. the violence is strigging down to businesses, what we learned about their intentions. >>> police say they have a suspect in custody in the june 4 killing of an 18-year-old. he was arrested in chico on wednesday and brought back to the east bay over the wee

the dow is down 32 to 12, 976. the s&p is down 4 at 1,375. the nasdaqis down 19 at 2,920. >>> members of congress grilled over wasteful spending. they were scornful of a 2010 employee award ceremony. this video shows workers waving drum sticks, that cost taxpayers $20,000. dozens of conferences and $40 million in bonuses are also under scrutiny. one questioned whether they should over see government facilities. >> if you can't manage conferences how do you expect congress will allow you to handle billions of dollars worth of leases. >> there has been a pattern of misadjustment spanning several administrations. >>> a $60 million fine, with the money going to an endowment to benefit the welfare of children, a four-year ban on postseason play, a reduction in the maximum allowance of scholarships offered to incoming players for the next four years, any entering or returning player is free to transfer without restriction, the vacating of all victories from >>> he will monitor for sanctions. they fined penn state $60 million and suspended the football team fo

both the s&p and the nasdaq were down a fraction, and taking a look at overseas trading this morning, in tokyo the nikkei fell 14 points, while in hong kong the hang seng lost four. >>> wall street couldn't find a cure for the summertime blues monday. traders were either on vacation or worried about the euro debt crisis coming back on the radar. one place not so quiet, apple, which is now the most valuable company in history at $624 billion, shattering the record once set by microsoft. >>> today a jury could get the case in apple's lawsuit against samsung, which is accused of stealing ipad and iphone technology. >>> one of facebook's top executives dumped most of his shares in the company monday. peter teal sold a stake worth about $400 million, despite the nearly 50% drop in its initial value. >>> two of the biggest names in travel, expedia and marriott, are maimed in a lawsuit accusing them of price fixing on hotel rooms. they allegedly cut off business to smaller on-line retailers. >>> lowe's is having trouble building a profit, lowering its 2012 forecast. changes in merchandise an

data later this morning on demand for big ticket durable good t dow falling to close at 13,057, the nasdaq down053. kodak is putting the business that helped put it on the map as a blue chip company on the block, looking to sell its cam remarks film and document imaging so it can focus on commercial printing service. kodak filed for bankruptcy. it hopes to emerge next year. earlier kodak announced it could no longer make digital cameras or picture frames. an early look at business. happy friday everybody. back to you. >> have a great weekend. speaking of friday, gadget friday, we've got a dummy coming on gadget friday. >> i think a good looking dummy too. >> really? i think you know a secret. >> maybe it's two dummies. >> i don't know. got you, scott. >> good looking forecast for this weekend. let's find out with meteorologist christina loren. >> you might be a dummy if you don't make outdoor plans inland. temperatures are going to be so comfortable, not too hot. i'm going to tell you the beach, you'll still see the steady flow of traffic over 17 headed to santa cruz. they are not going to get

above the 1400 mark and risen over 12% since june to, of course, a four-year high this week and the nasdaq down third time in the last four days. tech's being dragged down. i have to show you gold. rising to a four-month high. bolstered by calls for a new round of stimulus and silver also rising sharply on supply concerns with labor unrest in south africa. let's get straight down to nyse and the floor with bob. i was looking at the stats here and looks like the dow and s&p on pace for their worst week in nearly three months. >> yeah. we have a little problem right now. i don't know if it's a long-term problem. i don't think so. we have a failure of leadership. so remember when's moved the market forward this month of august. it's been all of those risk-on trades. material stocks. energy stocks. take a look. industrial stocks. all have been really in terrific shape today. look at the biggest downside movers. materials, energies and industrials so we have lost that end of the leadership. that's been the major leadership for the month. on top of that, remember a few weeks before that when dividend

the markets closed down. the nasdaq lost 32 points. the s&p 500 was down 11 points. >>> investors are anxious to hear what federal reserve chair ben bernanke has to say about the economy today. he's giving his annual speech on monetary policy in wyoming this afternoon. investors are going to be looking for signs that the fed could take some possible action to boost the struggling economy, but most experts say it's unlikely. >>> also this morning, we're going to get a better sense of how consumers are feeling when the university of michigan releases its consumer sentiment index. eight supposed to gauge about how americans feel about making purchases right now. >>> days after a major win in a california courtroom, apple has now lost a lawsuit that it filed against samsung. this time it was in japan. a tokyo court ruled that samsung did not infringe on an apple patent. technology used in the smartphones and tabloids to synchronize computers did not infringe on the apple patent. last week, however, a jury in california ruled that some of sa

the dow up three points, the nasdaq down six to 3017 and s&p lower. that means the day ended flat. back to "hardball." >> you said earlier this year, paul ryan's -- absolutely right on. so i'm curious, is there anything about it you disagree -- >> well, the items we agree on i think outweigh any differences. we haven't gone through piece by piece and said oh, here's a place where there's a difference. i can't imagine any two people even in the same party who have the same positions on all issues. >> the biggest risk a vague candidate like romney faces in picking a fire brand like paul ryan is that all the gaps in romn romney's plans will be filled in with ryan's details. and let alone his medicare plan, but romney -- aligned himself with the ryan brand, but not specifics? can he get away with it? ezra klein is a msnbc political analyst -- david, i want you to do something nobody's been able to do in the last couple of days. clearly delineate, what would president obama do, what has he done under his health care act to medicare in terms of cuts and spending. what would ryan do and r

the nasdaq was down 6 points. >>> house speaker john baner agreed to keep the government running whenrent budget ends. the threat of a shut down keeps the government running for six months after the deadline. and want to see what a hundred million bucks can get you in the real estate market? that is the asking price for this three-story house in downtown manhattan. six bedrooms, nine bathrooms and wrap around terraces on all three floors. the terraces are believed to be the highest out door residential spaces in new york city. >> i think i could get kind of comfortable there. >> i was going to say, it's really nice of you to show pictures of your apartment on television this morning. that's really nice of you. >> thanks. >> invite me over sometime, will you? >> oh, i always do. >> we'll take a quick break. coming up, we'll have weather. and in sports, the olympic poll power of michael phelps. now the greatest olympian of all time and hep is not done yet. that's good morning, veggie style. hmmm. for half the calories plus veggie nutrition. could've had a v8. ♪ [ male announcer ] food y

the federal reserve faded. chinese and euro zone data pointed to stall in growth. hp stock down nearly 88%. taking a live look at the big board. the dow down 119. nasdaq down 18. s&p down 10. >>> the labor department reports 372,000 people filed for first time unemployment insurance last week. that's up 4000 from the week before. applications have risen for two weeks in a row but the numbers are still lower than they were five weeks ago. economists say that suggests hiring could slightly improve this month. >>> the food and drug administration issued an official recall for cantaloupe that may be linked to salmonella. health officials also released the name of the producer, indiana-based chamberlain farm. two people have died and 86 people got sick including two people here in california. >>> today on ktvu at 5:00, there is new information about the plan to change the alert system following the fire at chevron's richmond fire refinery. what we learned about a california company that is involved. >>> thank you for trusting ktvu channel 2 news. we'll see you the next time news breaks. be sure join us again at 5:00. and we are always here for you on ktvu.com and mo

the broader market finishing positive for the month of august and the nasdaq down 1% today, but it is finishing positive territory. david: it is just a number. we have a street fight coming up over whether more market selloff are likely today and whether they are in store for the investors particularly after we hear more from them bernanke. liz: right now we're a few minutes, a few hours away from mitt romney's speech at the national convention. we will talk to the economic advisor about the key points in his economic plan. david: we also have peter guber coming up to talk about the new documentary. first we will tell you what drove the market with the data download, stocks and in the day near session lows with the nasdaq posting its worst loss in a month. all 10 s&p sectors in the lower led by technology and energy. first triple digit move in a week. what a strengthening dollar send the metals market lower with gold, silver and platinum all three losing ground. silver amongst the biggest losers: 1.5%, gold finished lower for the third straight day and the commerce department reported

highest court to profit in the company's history so the dow jones seven tens of percent of the nasdaq sent down the european markets it was a shock the day of trading they brought news from the. sitting room a irony in respect that the industrial manufacturing numbers were not quite as bad as have been expected of them all get a ways anticipation tomorrow is the big one the bank of inflation to report to see what's going on i will signals are going to be given for the potential of more quantitative easing and also one of the headlines today on the trading floor below also go said it was centered around standard chartered the whole escapade of it all at one point losing over twenty percent i'll give you the details it was suspected of hiding tens of thousands of transactions with a role which is but subject to u.s. economic sanctions american financial regulations have said that the bank has laundered as much as two hundred fifty billion dollars over nearly a decade that must be said the standard chartered they are denying these allegations but they do face the news in the u.s. banking so let's

down dragging across asia. the region's economic strength -- taking a live look, the dow down 77, the nasdaq down 14 and s and pn six. electronic art says it will always make boxed video games but the day that digital downloads outsell traditional games is coming and coming soon. ea which bakes battlefield, star wars, expects that to happen in the next few years. now electronic art says it will focus more on social and casual gamers. we are following breaking news of a car crash into a home. we are live and just areceived at the scene as process -- we don't have, we haven't established a signal yet but we'll do that as soon as we can. a crash, a house, a car into a house and we will have a live update from that coming up shortly. >> time now 8:45. we'll bring up the date on some of the top stories we're following now. an oakland women's shelter is facing addiction. the serenity house the oakland will be evicted unless it can pay $12,000 in back rent. this shelter has been around for 17 years and treats up to 105 women a day. also, they help women who have been victims of abuse. >> we're also still following new

the s&p down 11 and the nasdaq was down 20 points. er of good news for facebook, which got a go ahead to acquire insta gram. that's it from cnbc, we are first in business worldwide and now back to "hardball" and chris. >>> as we reported last week, a group of former special operations forces, many with ties to the republican party, the tea party groups and the birthers have launched their attack on president obama over his handling over the bin laden raid. they accused the president of leaking information about operation and taking too much credit for its success. here's part of a 20-minute video they put online. >> they didn't, this administration didn't capture or kill or eliminate bin laden or anybody else. there's a whole lot of folks in the military, intelligence committee, who have been working on this for a very long time. >> mr. president, you did not kill osama bin laden. america did. the work that the american military has done killed osama bin laden. you did not. >> wow. well, this week, the group came under strong criticism

the nasdaq down 5. s&p down 6. navy commander accused of faking his own death to get out of his relationship with his alleged mistress. just ahead how a woman scorned apparently got her revenge. how would you like to fly from coast to coast' we will tell you about a hypersonic test flight that could change the way we travel if they can figure out how to put people on it. that's ahead from the journalists of fox news on this tuesday fox report. this is the plan that revolves around you. introducing share everything. unlimited talk. unlimited text. and a single pool of sharable data that powers up to 10 devices. the first pl of it's kind. share everything. only from verizon. add a smartphone for just $40 monthly access. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. nothing complicated about a pair of 10 inch hose clamp pliers. you know what's complicated? shipping. shipping's com

the -- s&p 500 down. the nasdaq up almost 6 1/2. close to a third. >>> t-mobile will preg back its unlimited data plan, this time with 4g coverage. customers can't tether their smartphones to their computers or use it as a mobile hot spot. the new plan will cost between $69 and $90 a month. >>> privacy groups are angry at british airways targeting vip and business travelers. the airline is searching google images as part of their know me program. it allows staff to offer a more personalized and friendly service program. it gathers seating location, previous flights. privacy groups say it's an unnecessary intrusion. >>> if you thought you couldn't be more cramped on an airplane, you're wrong. airlines are turning to slimmer seats so they chan pack more people on the plane. >> they're getting more come tact, more people on. make us feel like a cattle car. >> going to los angeles and gets cramped. >> slimmer seats mean airlines can add an additional row in economy class. the average is between 30 and 32-inches. southwest plans to shrin

the dow was up seven points while the nasdaq was down four. >>> it looks like diners aren't loving mcdonald's as much as they used to. the fast food chain says its global sales figure had its worst showing since april 2003. the decline was cue in large part due to slumping sales overseas. mcdonald's plans to restart growth here in the u.s. by offering new menu items. >>> google's android phones are starting to take over the smartphone market. new research shows that in the second quarter of this year, four android equipped phones for every iphone, together the phones account for 85% of the market. the big loser in all of this is the blackberry, which has seen its market share plunge below 5%. yes, i know what you're going to say. >> go ahead and hold it up, ashley. you got it here with you. >> i like my blackberry. >> the blackberry is a loser, does that make ashley a -- >> easy. took me a long time to get to the blackberry, too. >> team iphone, upgrade. see you tomorrow, ash. thank you so much. >>> coming up next on your thursday morning, your weather forecast and in sports, make it three ol

if you look at the closing levels, the dow closing at 13,000, down by april tenth of a percent. the nasdaq closed aat 3,048 down 1%. investors were more risk averse over concerns about risk prospects, and those will weigh on sentiment in tokyo. the biggest focus is going on ben bernanke's speech in jackson hole later this friday. that's at 11:00 a.m. local time, and market watchers are leaning towards new policy change given recent positive economic indicators. we have to see what bernanke has to say on the possibility of any kind of credit easing including the possibility of qe-3. you talked about sharp and we'll focus on that wm. the share price recovered from the years trading low of 168 recently, but we need to keep a close watch on whether we see a recovery for that stock. very quickly, looking at currency markets, the dollar is trading in the mid to upper 78 range. dealers are on the sidelines ahead of jackson hole meeting. looking at the euro/yen, that trading around 98.29 to 34. they will see whether the ecb will come up with steps to tackle the debt crisis. the nikkei and topix bo

thursday, the dow industrial average lost 106 points, the nasdaq was down 32. >>> consumers did some spending this major. some of the nation's major reers say it was up in august. and industry trade dprups back to school buying drove sales higher. >>> amazon says the kindle fire tablet computer is sold out. the tablet was launched last november. amazon won't say how many were sold but it captured about 22% of u.s. tablet sales making it the second most popular tablet. amazon is pecks ekted to announce a new model next week. >>> for the first time mcdonald's is advtising in a new language. it advertises $1 for -- breakfast gets you going. st. paul has one of the largest concentrations of mung in the u.s. >> everybody knows what mcdonald's means. eye necessary fehr a, have a good weekend. >>> somebody get him. a college football player is going the wrong way. it is coming. that glorious season of nasal congestion. [ sniffs ] ♪ discover nasonex (mometasone furoate monohydrate), the only prescription nasal spray approved to relieve nasal congestion due to seasonal allergies. [ female anno

thursday, the dow industrial average lost 106 points, the nasdaq was down 32. >>> consumers did some spending this summer. some of the nation's major retailers say august sales were up 6% in august. the best performance since march. and industry trade groups back to school buying drove sales higher. >>> amazon says the kindle fire tablet computer is sold out. the tablet was launched last november. amazon won't say how many were sold but it captured about 22% of u.s. tablet sales making it the second most popular tablet. amazon is expected to announce a new model for the holiday season next week. >>> for the first time mcdonald's is advertising in a new language. a sign in st. paul reads, $1, large or small for coffee and coffee gets you up, breakfast gets you going. st. paul has one of the largest concentrations of hmong in the u.s. terrell sm. >> >> everybody knows what mcdonald's means. ines ferre, have a good weekend. up next your friday morning weather and in sports, somebody get him, quick. a college football player is going the wrong way. when he thinks he's making a game-breaki

the morning rallies faded and stock index is now down. very quiet traded. taking a live look at the big board, the dow down 82. nasdaq down 15. &p down 7. a jury in san jose will soon decide one of the biggest technologies disputes in history. closing arguments are scheduled today in the apple! samsung dispute. apple is demanding that samsung pay $2.5 billion claiming that they stole its iphone and ipad technology. at the same time, samsung claims apple used its technology. >>> today on ktvu channel 2 news at 5:00, you have seen the advertisements. online travel sites offering bargains? >>> thank you for trusting the news. we'll see you the next time news breaks and we're always here for you at ktvu.com.