more than three times as much as the s&p 500. erika miller, "n.b.r.," new york. >> tom: the major markets ended a tough week with small gains. the s&p 500 looked as if the selling would continue early, but was able to climb into positive territo withithe first hour of trading. it was a pretty volatile session with a trading range of 18 points. the index finished the day higher by 0.2%. trading volume was moderate-- 780 million shares on the big board. 1.8 billion on the nasdaq. the tech sector rebounded a little from its recent up 6-tenths of a percent. utilities were down 7-tenths of a percent. leading the drop among utility stocks was st. louis based power company ameren. it's the latest electricity provider to have a disappointing third quarter. shares fell 3.6%. this is a new 52 week low for the stock. like other utilities, ameren has seen its electricity sales drop. thanks to its media networks like sports network espn, walt disney has seen double digit growth for several quarters. but the cost of putting sports on tv is hurt

paid $11 billion for the firm last year. h-p c.e.o. meg whitman said their own probe found serious accounting improprieties and outright misrepresentations. for instance, hewlett-package claims autonomy recorded revenue from deals even when a customer didn't buy anything. the buyout of autonomy happened before whitman took over h-p. the deal was part of a strategy to increase h-p's software and services business, which usually come with higher profit margins than h-p's traditional computer and printer business. the former c.e.o. at autonomy, mike lynch, tells "the wall street journal" claims of accounting fraud are "completely and utterly wrong." grady burkett is the director of technology research at morningstar. joins us from chicago. we'll talk about the business at h.p., bu at hand, what do the accounting claims say about h.p.'s own due diligence in the buy outa year ago. >> ith i i think it is important to separate out the goodwill impairment. it is a non-cast charge. i think most investors were aware that h.p. overpaid for autonom

the s&p needs to close over 1391 and needs to do it real fast. though brodin has a costly attitude. the new line in the sand is the november 16th line of 1346. here is the bottom line. based on the reading of the charts, br are o dodin things it a flash in the pan. her chart suggests it was perhaps a real bottom. if we go over the fiscal cliff, it is good to have the charts or her reading of the charts on the bull side again. m "mad money" is back after the break. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> what really matters? i don't know. does a french sovereign bond rating matter? that would send us down here. somehow our financials would get hit here. we would be focused on the prospects to make it through this crisis. it would be the

the s&p is three ceilings of resistance that could start to clear those levels. e the ceiling created by the highs. right before the election. let's call that the romney rally which creates a thick wall of resistance to 1450. if we beat the pre-election highs, then there is still one last barrier even though it broke down after the election. every time it would rally, the move would peter out. right now we are out in the same area and then start giving up ground. to get over the symmetry problem the s&p needs to close over 1391 and needs to do it real fast. even though brodin has a constantly positive attitude, the new line in the sand is the november 16th line of 1346. here is the bottom line. based on the reading of the charts, brodin things yesterday's rally was not a flash in the pan. her chart suggests it was perhaps a real bottom. if we go over the fiscal cliff, things are going to get bad. it is good to have the charts or her reading of the charts on the bull side again. "mad money" is back after the break. sometimes what we suffer from is bigger than we th

with his first look ...at the &p.....- a week after sandy...the marines have arriied on staten island to help with the clean-uu. &p the area was harr from the air you can see the marines froo the u-s-- wasp mobilizing to help. garbage and debris have been piling uppffr days... bulldozees are also being usee and ii at least some become a problem.thievessbboke televisions, other vaauables of an 11-year old irl.. vernet says: "irrt couple days were ok... then the looiting starttd pooeehouse realized we were on our oon." own."because offthe ongoing problees in nee york &paad newwjerseyy..theer s tal &pof allowing some isplaced residents to vote by e-mail this year. with the heep of baltiiore city's searchhand rescue team...about 95-percent oo state and county roads inn &the teaa was deployed thhrsday on orders from the mayor to the maryland arry nationaa off- guard also led search and rescueeopeeaaions over the weekknd... helping with stranded cars and coordinating recovery efforts.atleast 32- pundred homes are still withou

the nasdaq, s&p selling off as well. s the song after early gains and president obama's reelection. here are the moves you should be making right now. sandra smith has the trade. cheryl: down goes stocks, up goes gold. a few dollars right now on the intraday basis quite volatile. going straight up the session, and then fell and went negative oon the session. i just got off the phone. everybody wondering why we get back into negative territory with the yellow metal. this was a lot of investors trying to shore up the losses in the stock market as prices plunged. i wanted to do this for you, put up gola gold against the s&p 50n the session. how they tend to move in opposite directions of each other. here is a one-yea one year chart paints the picture for you. also says a lot of tax planning by folks expected going into gold and silver. if i go back to that screen, you will see it is not just gold, it is also silver prices. really interesting movement at gold. backing of the fact while we were higher with gold, it is now lowe

the s&p 500 dropping below the 200-day moving average. energy, tech, discretionary leading the declines here. guy, what do you make of it? >> we said 1379 is where we should probably go. we pointed out 1425 on the upside will be the resistance. it has been. you know what i think in terms of longer term. i'll say tomorrow it would not surprise me if you got data that took the s&p up 15 to 20 and it left everybody leaving on a friday not knowing where to go. shorts and longs will be confused and people have the weekend to ponder it. maybe initial move lower and to your point below the 200 day. it needs to close below the 200 day for more than a few days to get concerned. i'm of the belief we see lower earlier, a rally to keep everybody scratching their head late. we held down the first time the way we traded off the resistance the first couple of times. we should bounce off support tomorrow. >> are we setting up in your view, keith, with a buy into the closed scenario tomorrow? >> markets get immediate term trade over sold. that's what happ

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and the s and p 500 also closing up 18 points to 1,409. we'll be watching the stock market all morning starting at 6:30 with the opening bell. also, let us get a live report of the fog. yearly? >> this is the s curve...yoli? >> the fog is a little bit lower but by now, we can see that it is still pretty thick. definitely, visibility is impacted. trying to take it slow it because it is pretty thick. it looks even less in some areas. and eric utt is also following that. >> good morning, james. with visibility down to zero. the fog in the north bay but certainly, the lively cameras live cameras with some fog. just one tent near s f o. very hazardous conditions along the se 101. and to half moon bay. fairfield, and interstate- 80. within 9 mi. out in concord. clear conditions, but with vallejo. santea rosa as we take a look a your afternoon highs. 50s along the coast. with 60s in hayward. 50s in downtown san francisco and upper 50s in san rafeal. as for take a look at the satellite and radar a lot of changes. we could see more cloud coverage wi

the stock has outperformed the s&p by about 4%. you ought to take a look at the 10 k and what they have said, what they have been talking about is the fact that the repair and remodel business is at the end of the week. in the meantime since the beginning of october we have seen increase in lumber prices of over 10%. 20% of the net comes from lumber. you see an increase in the input cost. you might get incremental sales out of that. hurricane irene. there is a lot of good news priced in and maybe not bad news. fundamentally i think it might be overvalued here. >> mike is bearish. he is also buying a put spread. we did go through the play book with dan's trade. >> i am going to do something similar. i am going to buy a put spread specifically the january 57.5 puts and then sell the 55s against it for 50 cents. obviously less than 1% of the stock price gives me a little time for this to play out. i should see decay especially out of the cheaper option after the event. >> the technicals you cannot argue with. i like the structure. here

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it puts the odds at 15%. still, s&p is optimistic about a solution, saying "the most likely scenario, in our view, is that policymakers reach sufficient political compromise in time to avoid most, if not all, potential economic effects of the cliff." both s&p and the congressional budget office warned unemployment would go over 9% by the end of next year if the cliff is triggered. those s&p comments hit the market in the last 30 minutes of trading, extending yesterday's sharp losses. the dow closed down 121 points, the nasdaq lost 41, and the s&p was off 17. the headlines of big sell-offs in the major stock averages only further erode confidence for already nervous investors. suzanne pratt tonight takes a look at whether small investors feel differently about buying stocks now that the election is over. >> reporter: now that the election is over, there are fewer clouds hanging over the stock market. wall street knows who will be living in the white house for the next four years, and that congress will remain divided. wh

the rise. look at this here. you will see s&p also said look, this might be a dividend, basically a recession indication the tore. number of u.s. companies cutting dividends rising. look at the timeline back in 2009. you saw a spike in number of companies cutting their dividends. that is the reason we're in recession. that is recession indicator. you see to the far right, u.s. economy possibly entering into recession. we see a number of companies cutting dividend again rising. they go from aviv is a to best buy, to bank of montreal, on and on. tracy: could that be because of the tax increase? >> all-in tax hike is 43% with the tax reform hikes. if you see list of companies and we're showing them on the screen, we haven't seen this number of companies cutting their dividends we've seen in record numbers. possibly, yes, tax increases. why pay out a dividend if taxes go up. capital hoarding is the name of the game. ashley: recession if you want to be clear about it, two consecutive quarters of negative gdp growth. >> that is one way

as we hit the noon hour here, the s&p 500's up one third of a percent. that's the nasdaq good for a gain of 6 points. dow industrials down about 60 points. not that long ago with about a 100-point swing up 47 points now, better than one third of 1% and number of traders with me today. joe, john, simon, steve down on the floor of the new york stock exchange. doc, i'll go to you first. if there was a feeling of tone deafness in washington related to what the markets wanted, maybe they got what they wanted at least a little bit today seeing the reaction in stocks. >> nothing focuses the mind like the gallows and what was happening here. they were watching the markets melt down. they were seeing issues like what happened at hostess sadly. that's not a fiscal cliff issue but you can't dance up to the edge and expect people to jump over it with you willingly. so i'm glad that they came out with some if not big smiles at least some conciliatory talk after the meeting today and why the market turned so dramatically. >> is this enough reason, glimmers of hope of t

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the bigger concern is revenue growth. s&p has the most optimistic analysis with a 0.6% gain. the other two firms see negative growth. firms face an almost universal problem: a slowing global economy. >> companies kind of put it in this context: the red flag is europe still. china falling there after, being kind of a yellow flag. >> reporter: that weak global demand is forcing many companies to cut prices, hurting profit margins. according to goldman sachs, bed bath and beyond, coach, marriott, fedex, southwest, and union pacific have all specifically talked about the difficulty preserving margins. a new, less obvious concern has also emerged this earnings season: >> we've been hearing a lot of concern about the fiscal cliff. not only are companies warning in their press releases, but even during the earnings calls, we're seeing that a lot more analysts are bringing it up. which shows that both wall st. and companies are concerned about the fiscal cliff. >> reporter: mcdonalds, gannett, general electric, j.p. morgan, costco and a.t.&t. are just a few companies that have warned

the nasdaq and s&p 500, on a higher percentage point. haven't heard of this, but the international game technology company that makes slot machines and based out of las vegas reported great profits, better than expected on strong sales of slot machines but they also put out a forecast above expectations. the stock has taken off. it is of 6%, second best performer on the s and p 500 and it is a welcome boost for those who own the stock. it is down 21% this year. itt's one of the big movers of the s&p. dennis: thanks very much. despite the steep post-election sell-off our next guest says u.s. equities are the best place to be. at morganlander join this now. where is the money going?chad m. where is the money going? stock sesno cheap. >> investors should invest in the united states. if you look overseas you are getting a very lackluster growth trajectory of the emerging markets and you will see a contraction in 2013. dennis: why are stocks so cheap? is the fiscal cliff phobia or tax rates going up on capital gains? >> it is the tax rate issu

the s&p tech index at or near correction territory. as bob was pointing out, apple is the big story. breaking some key critical levels. $564. that's the important number to watch. that's the level that apple broke that got it officially in bear market territory. a market technician at isi says the next support level -- $528 which could be near apple's mid-may low. but it is not just apple weighing on the tech index. we have a couple other tech heavyweights trading lower. google down 1.6%. we also have microsoft down better than 2%. also intel, a chip heavyweight, down nearly 3% hitting a 52-week low this morning. back over to you. >> seema, thank you. >>> stocks are ugly. investors are nervous. and what do investors do when they get nervous? they buy government bonds. which is exactly what they are doing today. james kemp, managing director at eagle asset management. james, a short-term parking spot or a real move back into bonds? >> well, brian, i think a couple of things play into the trade today. we obviously i think have a very big

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the s & p took a big dive, down on 300 points. you didn't see the usual reaction in the market you expect. expect to see the dollar on a tear. you did not see it as you said, melissa, face serious fiscal issues coming up the end of the year. last night's election, the house and senate still on opposite sides, a possibility for bipartisan disagree respect. i think that spells trouble for the fiscal cliff and the budget deem. so i think there is a pro pensity to want to sell the dollar. flip side, vocal in greece now, a 13 billion austerity measure, part one. part two, sunday night, i think they are going to be voting on a 2013 budget projection. both of those are approved, greece the next aid, i think bullish for the your row, all together, i want to go long the eurodollar into this selloff. >> looking for it to pull back a touch? walk us through the levels, todd. >> like guy said, i was one of the guys flushing it through, guy said he wants to buy a little bit of a pull back into the s & p. same thing with the your row, 137, the s

after the house voted down the tarp bailout, the s&p 500 fell more than 8%. darren gersh, nbr, washington. >> tom: for more on the fiscal cliff negotiations, susie spoke with a leading democrat a short while ago, senator kent conrad of north dakota. >> susie: senator can rad thank you for joining us. let me begin our conversation by asking you, what are the chances that we will get a fiscal cliff deal by the end of this year? wince think they're reasonably good. all the building blocks are in place. at this point really people just have to choose from the options that are available. and it's hugely consequence for the country if we fail. so i remain opposite sdns-- optimistic. >> we heard dramatic sound bites when do we start rung out of time and risk going over the cliff? how much time dow need to get an agreement? >> well, realistically, if an agreement were reached in the next several weeks there would be time to get all of the language put together to have it implemented. so there is still significant time to get this agreement reached. >> as you know hous

technology and financials were the worst performing s&p sectors. palladium and platinum pushed higher at report ed reports of y deficits boosted both metals. jumping nearly 5% while platinum added more than 1%, gold going the other direction and in the day lower falling more than $6. and small business owners remain cautious in october ahead of the presidential election. saying the optimism index rose slightly last month claiming 93.1, while just 4% of those surveyed said they plan to hire. we have the cme trader in the pits of the cme. telling us another downturn is ahead, and says a recession is on the horizon. todd, you say the technicals indicate that we should be going even lower than we have today. why so? >> good afternoon, david. we are now in a technical pattern with lower highs and lower lows. another indication of why we would want it to go lower here. in lower moves we can expect bounces like we had today. i would think any rally we see in the next couple of days will be gladly hauled into. based on the technicals of the market we have l

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the s&p gained 0.2% this week. we'll talk more about the marts a little later in the program with our friday market monitor guest.ts he's duncan richardson at eaton vance. an update on the aftermath of hurricane sandy now. with temperatures dropping, tempers are flaring in some areas struggling with no per and dwindling food and clean water. >> this is staten island. four days after hurricane sandy brought her destructive winds ng storm surge of atlantic seawater. across the hudson river from new york, some new jersey neighborhoods remain inundated with flood waters. low temperatures this weekend are forecast to be close toas freezing. the official count from the artment of energy had 3.6en million customers across 11 states still without power. getting around in fected areas remains a challenge. the new york subway system remains shut down in lower manhattan. commuter rail systems in the new york suburbs are on limited i service, as are new york's three large airports. >> tom: energylso remains a concern. late toda

it has come down the still a lot of value to it. s&p futures are closing, let's go to mark sebastian. what is it looking like? >> we closed a little bit lower than the 3:00 number. i really would have liked to see it get a little strength at the end of the day. we don't get a little bit of balance in the morning, half of the 1400 level, this could be an ugly ride down. only about 1350 if we don't get a bounce back tomorrow. liz: let's go back to nicole petallides. nicole: we saw the nasdaq the worst of the three indices today. qualcomm although it is a nice surprise, earnings per share beat earnings per share. revenue beat. the outlook for the full year, looking pretty good. it has come awfully earlier highs with the apparels for qualcomm, one to watch. a lot of losers today, hard to get into the green but so far so good for qualcomm. should be good to watch in the opening bell. liz: thank you nicole. david: our next guest is the ceo of a fortune 500 transportation company. a sector hit very hard by a multitude of both federal and state

cheryl: you have been watching the s&p. where is your target for the s&p? arget has >>>, 1425 for the s and p. the reason i don't want to buy right this minute is two factors. when we look at the interest talk correlation, the top 15 names in the s&p by market gap and how they trade relative to one another is fairly low. we would like to see a higher suggesting more fear in the market and the other thing we would like to see is the u.s. economic surprise is pretty high right now. you need to roll over and hit bottom. dennis: cheryl: i watch that closely. thank you very much. dennis: this keeps getting worse. hamas and israel exchanging rocket fire. we are live in israel and at the cme where the oil markets of popping. cheryl: let's stay on the global saying and look at world currencies which are reacting to the middle east flare-up and the u.s. dollar. 4g lte is the fastest. so, which supeast 4g lte service would yochoose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. goin

dennis: a look at the day's winners on the s&p. ides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving a little bit gas prices? they're coming down. the housing market is reviving. what matters most moves in the right direction. dennis: even in the unemployme

the s&p 500 is close behind. should you be buying this dip? what some of the biggest hedgefund dealers are doing to make money. black friday is so yesterday. how retailers are trying to cash in and how you should be trading it right now. we have to get straight to america's most valuable company and that is apple shares falling yet again today. it is not just cnbc taking notice. michael wolf asks whether the age of apple is ending? is this the ultimate contrarien indicator. he says the tip is knowing that a dominant is tracking before the oedipus falls. >> in other words in someone's portfolio rather than their business. this is one of the most crowded strads that we have seen. it's not a valuation call. it's not a growth call. these things are still there. this is a case where the dominance in terms of the playing field and what they do it is never going to be more at peak than where it is right now. from a hardware perspective there are people doing what they are doing for less money in the places where they need to grow which is asia which i