adoboli traded etfs for ubs. regulators blame the bank for failing to question large amounts of revenue and risks by the trader. ubs considers the case closed. the swiss government, which bailed out ubs, is reviewing the bank's capital base. high-end homes are becoming speedy sellers in some markets. sales in the luxury market jumped 53% in october from last year. those homes typically price between 750,000 and a million dollars. usa today reports in some cities, the high-end digs are selling quicker, spending an average of 116 days on the market in cities like palm springs. it's said that many high-end owners are finally beginning to accept lower prices on high-end homes. the rental market is expected to remain competitive in 2013, keeping it a landlord's market. apartment rents on average will likely tick up 4.6% next year, while vacancy levels drop to 3.9% according to the national association of realtors. anything below 5% is a landlord's market. the cities with the lowest vacancy are portland, new york, and

ubs recently visiting the company. they maintain their buyer rating. don't see any issues with gross margin pressure and ubs keeping its $780 target. >> in the context of how many people there are in china, 10 million to 16 million doesn't seem like a whole lot to me. >> could be a whole lot to apple though. >> they do indeed. >>> jcpenney, big stock story today getting a big haircut. >> all you kids out there, remember their old slogan "doing it right"? they ain't doing it right lately. posted a quarterly loss of -- get this -- 93 cents a share. the consensus loss estimate was just 7en cents a share. >> come on in here, herb. >> herb greenberg has been following the jcpenney story. >> say it loud and not so proud -- i got it wrong. >> let him say it again. >> he's right more often than not. he's feeling bad enough. he's right all the time. but you were horrifically wrong on jcpenney. you're going to take me to dinner and it is going to be fantastic! we're going to medieval times, baby! >> no. we are gring to popeye's. because -- i'll tell you why we'r

ubs hitting all-time high. barclays talking about a ubs raising to overweight from underweight. citing recent restructuring they're seeing at ubs. barclays likes what they see at ubs as a result that is a winner. bank stocks overall have been doing quite nicely on this day where everybody is waiting to find out who will be the president of of the united states. the dow is up almost 170 points. back to you. lori: nicole, thank you. tracy: to charlie's point earlier, bank stocks up right, because the regulation goes away? maybe that is another romney tell? i don't know. lori: all kinds of plays in there. i bets all boats could be off in the meantime. we have this. tracy: a northeast storm struggling. we're struggling after the superstorm sandy. we have a nor'easter that will basically sweep through the entire region ahead. we have the latest storm track ahead. lori: scott wren said some of the more romney positive stocks are doing well and there is chatter, some rumor is doing well in some of the swing states that might be driving rally. there are winners and losers. come to your

ubs has been hit with a near 30 million pound fine for systems and control failings all related to the trading loss uncovered last year. former ubs trader convicted of two counts of fraud and sentenced to seven years in prison for carrying out the unauthorized trades. >>> ft supggests barclays is being pressured to spin off the investment division. it also admits most investors like the business because it adds stability. so still to come on the show, fresh off the back of a solid black friday for u.s. retailers, e mercy sites are gearing up for their biggest day of the year. will the money keep rolling in? we'll take a look when we come back. >>> we are pointed lower after pretty good gains last week. yields in spain and italy slightly higher. not by much. you're re dollar moved away from the month high we had on friday. dollar index has been down about a three week low. dollar-yen also moved away from the 7 1/2 month high of 82.8 # we hit last week. and sterling-dollar steady at 1.60. it's all about online. cyber monday the biggest day of the year for online retailers. this year shop

and ubs planning to cut 10,000 jobs. >>> i'm telling people we are suffering from inconvenience. a lot of trees down. none hit the home my family was safe but no power. we never imagined we would be in a situation more than a day. the storm was stow so extensive. people criticize for overhyping the media but i think the media was spot on on getting the word out how bad stand did i. >> tom: this brings up the question. cyber terrorists are watching all of this. they are licking their chops. look what we can do. we can shut down the country when they lose power? >> there is no question about it. the thing that worries me. there was an article my weeks in the paper there were keys circulating on the internet that you could shut down any elevator or turn off certain parts of power grid. terrorists would love to do nothing more than to disrupt financial sectors in the country. it. only do are we not ready for but the fact we can't deal with it several days after the fact. >> you are making a total false comparison here. we ra

voto latino fue , importanrte para el presidente barack obama , el republicano , mitt romney , recibió ubayer le exigen que cumpla en cambio en los primeros años en el condado de santa clara , continúan las boletas se dieron la tarea de contar los votos debido a la situación pasan varios días continuando los votantes aprobaron la medida aúnque beneficiara a varios trabajo ajadores algunos empleos corren peligro , algunos gerentes de restaurantes , inplica los gastos pienso que pagar aúnque sea 2 dolares , si el restaurante està muy bajo les dolera , el salario mínimo aumentara de 8 a 10 dolares por hora el 100 '%'de las personas dijo apoyar la medida , que dañaria los negocios de la localidad , y más adelante tendremos la victoria de la proposicion 30 , y lo que significa para sus hijos . >>> unas niña accidentada en la cuadra 800 la pequeña recupero el conocimiento , un hombre fue encontrado culpable de la muerte de 2 personas , en agosto , fue convicto por , tirar fuego a su ex novia y un hombre conducía un autobús , detuvieron al sospechoso , por robar a una congresista , dijo que un s

all you do is boil water,yub n dump it in. a great meal. >> how to get this. >> and we'll show you right there. you can log on as long as you're there go to michael finney's consumer blog. >> and we'll be back in a moment with a breaking news update >>> investigators just identified one of the residents of a house along with his wife bu. police have not>r identified the victim yesterday. >> police say they don't nowhere he is. officers discovered a woman's body inside of the house after someone called 911 about 7:30 someone called 911 about 7:3jzpf >>> th

david goldman from ubs gives us his plan coming up.y: we'll look how the dollar is moving right now. euro and u.k. pound is down as the dollar is up against those. japanese yen down against the dollar. there are belief the bank of japan may have to do more monetary easing to fight deflation. because of that we've seen the yen drop against the dollar. we'll be right back >> at 20 minutes past the hour, hi, everybody, i'm jamie colby this is the fox news minute. former penn state president embroiled in the jerry sandusky scandal is brought up on charges related to that case. gram spanier was charged with child endangerment and failure to report abuse. two other university officials face similar charges. >>> two israeli officials claim they killed a former deputy of yasir arafat in 1988. he was taken out by elite israeli forces in a seaborne raid in tunisia. that announcement comes after 25 years of secrecy. according to a white house report a number of obama staffers are supporting extra facial hair. why you ask? they say they won't shav

lmplt lmpl >>> also, ubs chairman's robert wolf is with us. his reaction to this report that says dividends and capital gains taxes are going up no matter who wins the election tomorrow. >>> and we'll hear from somebody who says all the devastation from super storm sandy greatly creases the chance of voter fraud, unfortunately. that's all at the top of the hour. >>> we all know about the trouble getting gas in the northeast. all those lines. but nationally, gas prices are actually dropping. we talked about this early on. but sharon epperson is live from the nymex. what's your take on this, sharon? >> it is important to point out that even though wire a suffe'rg in this part of the country, a lot more people are feeling far less pain at gas pump. national average is down 9% in the past month. at $3.47 a gallon right now, even falling three cents just since friday. elsewhere around the country, look at the big price drop that we've seen. even in california, which had record high gas prices just back in october. now they're looking at more than a

[cheers and applause] in 2010 i think we characterized the ub

swiss bank ubs has been fined 37 million euro for regulation and failures lead into a rogue trader losing billions for the company. >> the employee was convicted of fraud dance that -- sentenced to seven years in prison. they describe the risk control systems as "seriously defective ." some sports now. 46 runners have completed the ice marathon in a parked ago. this year on, conditions were fantastic. they ran the 36 kilometers in some zero temperatures down under crystal blue for skies. a handful of supporters were there cheering them on. it circled the union a glacier base camp and it is only accessible by air. this year's winner was from scotland. a little -- and for the women, the winner from australia. >> said. back about 1000 euro, but the concert sold out withoin minutes. the price to fans is besides the point. >> the 50th anniversary, a concert arena in leave london. those who could afford it, got a great show to their own money. it featured heads like a "brown sugar" and "jumpin' jack flash." former band members. ♪ hey hey you you ♪ >> stay with us. when we come back, a report of

we could get ub we could follow all the way to the &pk!$zdew point.ou can go. weather throughout the day, i want to take you to where we have sunshine on tap. it was breezy. it felt like november. even )<ñearly december. and nice-looking sunset with a few high thin clouds blowing in. columbia had a chance to visit with appleton elementary today. fifth-graders had a question about the weather. i always like to do the school visits. temperatures tonight, continuing to fall. from the north and west, we have a north westerly wind. i think by daybreak tomorrow, we will be about two, three, or )]a="6vgmbelow zero. ree, or and could be in the upper-20s in the state. tomorrow we will bounce-back to the mid-40s with a mix of clouds and sun. i think we will stay below 50 on average. tomorrow night, another frigid night in the 20s and low 30s. but then ill begin the warm up tomorrow night and into friday. it will take a wild. we will rebound. see the clouds spreading from south to north right now.  that is going to continue to be the case tomorrow. again, just

ubs calling for the so stock to top $58 a share. the stock is lup 39% this year.it reaches the average analyst price target, that would be a new all time high for dick's. stronger than expected sales growth. they raised full-year forecast, most importantly for analysts same-store sales were up. they were up more than 5%. they beat their own guidance, guys. dick's definitely considered a buy by most analysts heading into the holidays. tjx, they own marshall's and tj maxx stores. had quite a run. a very pretty chart. up 3% today. tjx beating analyst estimates as far as profits and revenues, however they put out a little bit of a warning saying they believe same-store sales will be zero to 2% up for the holiday period, guys. so, that is sort of not a great sign as far as the overall clothing retail business as far as the holidays are concerned. the discount retailers expected to be good. obviously dick's doing real well as well. lori, melissa. back to you. melissa: thanks very much. lori: now the kids will not pile into the minivan. it is transit wagon. that has a ba

former president of investment banking at ubs and ceo of the firm 32 advisers. great to see you. >> great to be here, marie a ya. >> thank you for joining us. you are a rare breed. a top wall street executive but off close relationship with the president. talk to us about this drama over the fiscal cliff. are we still in the posturing stage? how does this play out? >> i hope it plays out with a deal the. i would have probably put it around 80% a deal, but i would have sliced it this way. i would say 50% of that 80 is they come up with like $60 billion, which is six months of the ten years of the 1.2 trillion sequester. >> okay. >> okay. so something like -- >> a drop in the bucket. >> a drop in the bucket. you could do that and if you were doing that you would have to say okay and we are going to pass the debt ceiling. that gets you to march enor april and it forms a good basis. >> what do you think of the reports out on friday that the white house is in advance talks to replace the sweeping cuts set to begin in january with a smaller package. are they in advanc

ubs going through a bit of a shake up. the bond wall expresses more of the mood we're seeing on the eve of the u.s. elections here. it's a rotation out of the periphery into the core. the gilts are benefiting. spain, italy seeing yields a little higher, but italy has been more of a barometer lately because it stayed below this 5% level. it's almost stuck there and that continues today. but inching closer. definitely something to keep an eye on. the bund oig is benefiting 1.44% there. just want to show you the euro-dollar. currency board, as well. as we start to talk about the outcome of the u.s. election, yes, investors are talking about a relief rally once there's some clarity. but as you know, clarity may not necessarily come right away when polls close tomorrow. one way to gauge what the market thinks is happening is to watch the dollar generally seen romney is better for the dollar. obama victory would mean a weaker dollar. so we see the dollar showing strength. whether that means markets are reading in to it or not, i

a former president of investment banking at ubs and now ceo of the firm 32 advisers. robert, great to see you. >> great to be here, maria. >> thanks for joining us. so you are a rare breed. you're a top wall street executive, but you have a very close relationship with the president. so talk to us about this drama over the fiscal cliff. are we still in the positive touring stage? how does this play out? >> i hope it plays out with a deal. i would have probably put it around 80% a deal. but i would have sliced it this way. i would say 50% of that 80 is that they come up with, like, $60 billion. which is six months of the ten years of the $1.2 trillion sequester. >> okay. >> okay? >> so that's a drop in the bucket. >> a drop in the bucket. so you could do that. and is that would also i would think if you're doing that, you would have to say, okay, and we're going to pass the debt ceiling. that gets you until march, april, and it gets the new congress in, and it forms a good basis. >> now, what do you think about those reports on friday that the white house is now in adv

police just put up yellow tape here because someone got stuck in the mud this, is a part behind me. ub kaem through here, just feet from homes. first gushing water and then, mud. >> police said you guys better evacuate. water coming down, fast. >> about 12 homes evacuated and people left in a hurry. they navigated through the streets. >> we had a luggage and didn't know how long we're going to be evacuated for. we brought two days worth of clothes. >> the water (anineu.duu found the source. >> this is a pipe sheared off up on the hillside. >> a pipe that will now have to replace. >> well, the age of the pipe was constructed back in mid-30s. >> after engineers inspected the hill, residents allowed back inside of their homes. >> someone may be watching us upstairs. >> this debris did not impact homes directly. just streets and cars. >> the mud buried cars up to tires. >> i have deductible to take care of it. hopefully the city will cover that deductible. >> they were towed and adjusters will have to inspect damage. residents left with an unstable hillside. >> the hill could come down. th

here is a look at5.úb our forecast.louds developing tonight, cool into evening hours, overnight clouds becoming thick in spots. chilly conditions into early morning hours, low temperatures dropping just below 40 in cooler spots. but by afternoon tomorrow, partly cloudy2lfpz mainly sunny. sunnier after the moorngs mild with highs in the low 60s on the coast. up to 70 in inland spots. there is warmer weather, then, rain, i'll tell but that in the accu-weather forecast later. >> thank you. >> still ahead on abc 7 news, sex abuse scandal on sesame street. accusations against the man voices the puppet elmo. what he says about the claims. >> a big delivery to a san francisco church treating thousands to a traditional thanksgiving meal. >> later it's a brawl everyone is talking about. >> we're talking penalty handed down today after fists went flying between nasar drivers. >> take a look. everybody calm so far in this skyway. it's slow going. left to right oncoming trafrk head together east bay. lower deck of the east bay a li

. >> jim, should we be listen together ub -- be listening to the u.n? >> there is nothing happening in gaza or syria. >> i don't even do drugs. i think they should legalize them. >> what are you doing? >> are you having fun? stop having fun. that was mike blokeburg's soul. -- mike bloomburg's soul. >> don't you love that he is focused on outlawing big guzzler sodas. sandy comes whipping in and puts people out of their homes. >> he wanted to runt marathon because he said it would give new yorkers hope. that's what you want is in shape people running by. >> the first they came for the ganja, right? >> i have nothing to say. this is for anyone who is a naysayer. it is a message to the rest of the nation. specifically they never could get past that part. if you ask any of them, why should we keep marijuana legal 1234* they are like, -- because we should. there is nothing to back it up. there is no facts. anything you can say about alcohol across the board it is worse for you than man rnlg ma. they know that. status quo they want to keep it and it makes me s

republican and democratic leaders later in the week but the fact of the matter is the opening tone, former ubs chairman. mort, i was talking during the break, i am not encouraged by the opening tone. >> so dismayed when the president made his previous speech in which he said he would not accept any bill that didn't increase taxes on the wealthy. neil: he kept it general, right? >> my views don't have a press conference. john boehner shouldn't have a press conference. get john boehner at a small group of congressman together and say what can we work out? all we're doing is playing politics, everybody will get locked into one position or another, let's see what we can work out and then announce it is something we have agreed upon. that is the way you do it, instead you'rsteadier quebec thy politics that didn't produce what we needed to have. neil: what worries me is this hope is dashed. >> they should have put together a bipartisan group, all they're doing is put on defensive by the self-interest groups they are meeting with. does not make much sense. neil: they made it very clear, nothing from

ubs downgrades intel. look at this. you got a stock that's a very high yield.ry single commentary. there wasn't a single positive word about it other than he beat amd and always mentioned that he's lost out on the mobile wars. i struggle for a reason to own intel. they are so smart. there's got to be a reason in there but in the meantime i look at hewlett packard's pc numbers. >> andy bryant telling the journal no reason to change strategy. >> go by arm holdings already. >> when we come back, pc blues and now an accounting scandal. can meg whitman reinvent hp. she's coming up at 10:40 a.m. eastern. one, olaf gets great rewards for his small business! pizza! [ garth ] olaf's small business earns 2% cash back on every purchase, every day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? throughout our lives. on

is getting ready to come ashore and slam us, you're looking at a live picture right now from mountáubj see clouds startino increase. winds just now picking up. >> crews hard at work clearing leaves out of storm drains to prevent rain waters from backing up and flooding streets. >> several cities made sandbags available for residents trying to prevent flooding but water only half of the story. >> and strong winds is big worry in this lot. and many others around the bay area, here, they're tying down the trees so they won't blow away. >> surfers say that he don't mind is surfing in the rain but if conditions get windy they'll likely stay away. good evening, everyone. >> we have live team coverage on this impending storm including a story you'll see own on abc 7 news. but let's go to sandhya patel tracking the storm. >> yes. we are looking for live doppler 7 hd. we do have clouds. this storm yet to arrive. let me show them to you. here is storm one. due in here tomorrow morning. storm number two, arriving later on this week and third in a series hitting this upcoming weekend. so first s

what is interesting, we know ubs is getting out of fixed income. doesn't appear that will be the case at credit suisse because they have promoted further up into the management board. so looks like they'll be holding on to that. we've also had an auction today out of spain. only t-bills, 12 and 18 month t-bills, but the key thing here as far as spain is concerned, and it's pushed their yields lower, they've raised a little bit more than they thought, 4.93 billion euros. this is money that they are now raising for 2013. they met the 2012 issuance. and funding targets. so anything they get in now is a head start on next year. so good news for spain. france got a downgrade from moody's. second ratings agency after s&p to cut their aaa. french yields slightly higher this morning. but no big market reaction. it was widely expected. back to you. >> ross, thank you. >>> coming up, we'll come back and talk what's going on in the market, but also a live report from brussels where euro finance ministers are meeting. plus the big ten could be getting a big bi

the ubs rogue trader gambled away $2.2 billion is guilty in fraud exceeding limits, failed to hedge tradesd faked records to cover the tracks. that's a no-no. volkswagon recalling beetles in the u.s. due to an issue with the passenger seat air bag. it includes 2012 and 2013 models with leather sports seats. nokia releasing the new app for apple as they struggle with the map app. there's a cloud based map service available on the iphone, ipod, and the ipad. afford is bringing the smallest engyp in the u.s. to meet government fuel economy standards to be added to the 2014 ford fee yes, sir that -- fiesta making it the most fuel efficient on the market. liz? liz: lots of americans plotting a big shopping trip as they eat their meals. oh, our family. david: oh, gee, that's just like you, liz. liz: exactly like me. look, everyone. david: june cleaver. liz: you'll never see that. who is the guy next to me? not david, that's tom. black friday coming early, starts thursday this time around. saying this is an opportunity to play ets and cyber monday is the first to watch. first on fox business join

if nick said the world was about to end, ubs' business volumes would collapse. okay? and that's just a fact. not being rude, just a fact. so the entire financial services industry out there is trying to spell hope and optimism and my basic point is that hope is diminishing. go talk to ceos and chief executives and they are saying that they are no longer dealing in the world of hope, they're dealing in the world of sobriety. to give you an analogy, take ba. they used to invest heavily in blue and silver cards on the hope that lots of those people will one day become gold card holders. they're no longer interested. all their investment is going to the top of the pyramid, the apex of the game in terms of the gold and black card holders. that's where they think the revenue streams are coming from. and that is really what's happening. efficient investment. trying to make sure we have the money to efficiently invest it in areas we can make the most money and frankly speaking, isn't with the common matters out there, it isn't with the mass markets. it's in very selective are

%";k0/ vdo4 tt>fb@ua<$-3w9"rsa8@éúy$%d@%"%, ♪ ♪ttxwlun+og#wvs#q)p0á)uog5u,qcf;ub"h.aboczb÷avzç.ave the day. ♪ ♪ttxwlun+og#wvs#q)p0á)uog5u,qcf;u8#háaboczb÷avzç.%";k0/ vc'd so will bounty select-a-size. it's the smaller powerful sheet. the only one with trap + lock technology.tt>fd@mú<$-3w9"rsa8@éúy$%d@%7!< look! one select-a-size sheet of bounty is 50% more absorbentttxwlun+og#wvs#q)p0á)uog5u,qcf;us ,x9k8elsvíe'úspae3tz@5>o0 than a full size sheet of the leading ordinary brand.tt>f#@ad't?/iárrxúl[8(!4mhbl +rp use less. with the small but powerful picker upper, bounty select-a-size. >> a production note about our story featured in this episode of "maximum drama." film maker tom jennings was looking for a fresh way to tell an old story. he found it in detective robert keppel's basement. 20 hours of ted bundy recordings, virtually untouched for 30 years. there at the heart of the story you're watching right now. >> in 1982 seattle again witnesses the disappearances and deaths of dozens of young women. seattle investigator bob keppel who had worked on the ted bundy task force is agai

i understand why ubs downgraded. trading down to 82. it was up here before. this company is so inconsistent. how can a company that's one of the world's greatest manufacturers not make enough money. >> ubs says it's the developed markets that are weak. north america and any upside based on less certain markets. >> there is always a market that does badly with these guys. they guide long. conference call is the worst broadway show imaginable. that thing just never gets to new haven in new york. they are just -- they got to get -- they should hire actors for heaven sake. >> we'll talk the heinz downgrade after a break. e-mail marketing is a contact sport. the ceo of exacttarget tells us how his company will benefit from black friday. we'll find out how retail opens when the opening bell rings in just a few moments. for over 60,000 california foster children, the holidays can be an especially difficult time. everything's different now. sometimes i feel all alone. christmas used to be my favorite. i just don't expect anything. what if santa can't find me? to help

ubs and barclays slightly firmer. deutsche bank and hsb slightly off. so no big moves on that. pharma stocks, not a big repeal of obama's medicare. johnson & johnson is down a percent. fizer down 0.8%. energy stocks doing a little bit better across the board. shell, bp, chevron all firming up a little bit this morning. exxon, the world's biggest oil company, down 1.2%. the status quo means fairly muted reactions as far as individual stocks and sectors that might have been impacted. >>> the race for the white house wasn't the only major contest as control of congress was also up for grabs. democrats held on to the senate, picking up two additional seats in massachusetts. that's elizabeth warren, and in indiana. congress remains divided as republicans maintain their control over house of representatives. and there are also some historic state ballots cast. maine and maryland became the first states to approve same-sex marriage by a popular vote, while washington state and colorado legalized recreational use of marijuana. i'm trying to resist comment on that one, because it will o

people like ubs going to cut people. eventually clients have to find a way to do their business. firms like bgc will be there to help them. i think they are in pretty good shape. pretty good. liz: are you hiring? >> we are hiring all the time right now. liz: because the talent is there. howard lutnick saying gold looks good. art as well. listen, dogs player poker? >> -- dogs playing poker? >> exactly right. if you think about what things that are going to hold up there, things that used to cost us money to park your money, they are now free. if you wonder why these things going up and the economy is so lousy because they are the ones when interest rates come back, that are going to go down. liz: howard, thank you very much. we appreciate it. >> howard lutnick chairman and ceo of bgc cantor fitzgerald. closing bell ringing in about 47 minutes. one of the best performing s&p stocks since obama won the election in 08, autonation. look at the chart. look at this. shares of the stock up nearly 530%. coming up, we talk to chairman and ceo mike jackson in a fox business exclusive about

hi, ub. >> caller: how are you doing, stephanie?s the next true liberal that is going to fight for us i believe. >> stephanie: he already is. >> caller: yes, but a lot of people say in this clinton thing -- >> stephanie: you are talk about hilary clinton. >> caller: yeah, they don't even talk about joe biden and i'm sick and tired of everybody trying to sell that to us. joe biden is i think -- the clintons stopped being liberals in the '90s. they are too political. joe biden, every time he speaks i feel him. >> stephanie: yeah. this is a difference, too. we have an embarrassment of riches on our side. >> yeah. >> stephanie: i love yesterday throwing out names for republicans for 2016. [ crickets chirping ] >> really? that's your top guy. >> stephanie: really. >> marco rubio. >> stephanie: i heard laughing at ann coulter. >> yeah. maybe mitt romney would run again. >> stephanie: wouldn't that be exciting. >> isn't that wonderful eddie. >> stephanie: hi roberto you are on the "stephanie miller show." >> caller: hello. how are you? >>

liz: if you look at numbers that came out of ubs. were saying that for 2012, on could be down 5.7%. but chevron even though it is down 2.9%. bp 2.7%. royal dutch/shell looks like decline of 2.2. oh, royal dutch/shell is higher. i didn't see that. exxon is lagging the entire group. seems like they made some bad bets. >> that's right. there is really no room for error here. he have they have to put money into fields that will produce oil and they made bad bets, as you point out. on top of headwind you finding from the shale, not producing as much as they want as quickly as they hope, natural gas reduction and xl pipeline being blocked, all these things added to a bad situation for them and the bad bets. so really will come down to that in the future as well as these companies search for more supplies. it will get more and more expensive and passed on to us at the pump. liz: the flipside of that, one of the complaints a lot of companies pay dividend and do whatever else, don't put enough investment back in e&p, exploration and productio

ubs adding to the alpha most preferred list. time to get in there. >> this is a high quality company in a tough industry. a lot of news that impacts this thing comes from oversaes. this is the thing where you want to look at technicals more than anything else. we know the fundamentals aren't great. 23 and change. 23 and a quarter. that's a really important level. i would not be a buyer until it can break above that and hold. if it retests that level after busting through this is good for a five or six-point breakout but not until. >> big moves on wall street today as americans go to the polls. which candidate will be better for wall street and your money is this harold ford was a five-term democratic congressman and now a managing director at morgan stanley. anthony scaramucci is one of mitt romney's national finance chairs. good to have you with us. how do we counter claims that romney is better for the investor class and better for wall street? >> good afternoon. good afternoon to my friend anthony. >> that means the hammer is

jennifer from ubs. let's start with you. you have 30 seconds on the clock.ou want to look at tomorrow in terms of moving our many? >> we are looking for trading to pick back up after a slow veterans day holiday today. we will see if the market with break nis down. in germany you will see an economic survey. there have been signs of slowing. and then lastly we will look for politicians comments on the fiscal cliff and anything around greece and spain. we will be watching the vix, euro and spanish bond yields. >> what do you want to look at tomorrow to move our money? >> we think one of the biggest keys is the national federation of independent businesses small business index. we know that really about half of americans are employed by small businesses so this is important. as we look at the data we do not think it will be an optimistic report at all. we think one of the best places is favoring the long term treasury bonds. >> we'll leave it there. thank you. jennifer, you are up with with 30 seconds on the clock. >> we are also looking at the german survey bu

had ubs to close down their investment banking division, fixed income area, really seeing this restructuring, not much where is a bank going to make money the next six months or a year. >> end of the road for financials, grasso? >> office afraid of them going into the leeks, but tough to trade them off of politics, everybody thought they were going to get slammed under obama. hitting the wall again, regulation is going to be mountain going forward. take it as a mandate. >> drilling down on more postelection day movers throughout the show. mean time what should you do now to brace your overall portfolio from fiscal cliffoff. neel kashkari join us on the fast line. >> great to be here. sorry i'm not there in person. >> oh, no, put up your picture, neil, the meantime, wondering, this market selloff, all about obama being re-elected? >> two things, i think, number one, the election put a giant magnifying glass on the disfunction in washington and the huge differences between republicans and democrats and yes, we have known about that for a long time but we have also all been focused on the elect

%";k0/ vdo4 tt>fb@ua<$-3w9"rsa8@éúy$%d@%"%, ♪ ♪ttxwlun+og#wvs#q)p0á)uog5u,qcf;ub"h.aboczb÷avzç.5u,qcf;u8#háaboczb÷avzç.%";k0/ vc'd so will bounty select-a-size. it's the smaller powerful sheet. the only one with trap + lock technology.tt>fd@mú<$-3w9"rsa8@éúy$%d@%7!< look! one select-a-size sheet of bounty is 50% more absorbentttxwlun+og#wvs#q)p0á)uog5u,qcf;us ,x9k8elsvíe'úspae3tz@5>o0 than a full size sheet of the leading ordinary brand.tt>f#@ad't?/iárrxúl[8(!4mhbl +rp use less. with the small but powerful picker upper, bounty select-a-size. i gave birth to my daughter on may 18th, five days later, i had a massive heart attack. bayer aspirin was the first thing the emts gave me. now, i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. [ woman ] learn from my story. >>> it is a long way, every single last way from the 2010 elections to what happened two nights ago in america. 2010 was an opportunity for republicans to use every synonym for victory, a route. yes. republicans gained in the u.s. senate and took a who

ubs came out and said maybe there's a lot of short covering in this name and it's something to talk about. >> you could take this name, anf, having a tremendous day, 28%. a number of retailers, you know. which ones do you like? >> when you look at anf what you're seeing is this transition to online, up 15%. they're getting that mojo going. a lot of folks, you're seeing this in retail space, if they are able to translate what they have been doing from their stores to the online world, that's really a segment that that's where they're seeing the most growth. abercrombie doing a fantastic job on that front. >> urban outfitters, unusual activity in that one. that is responding, of course, also gap stores, gps with banana republic and old navy also. >> you can't lose sight of the fact that abercrombie's u.s. sales were flat. it picked up international. that means the trend is not alive and kicking. i'd be careful. >> i think weiss is down with opp. you hear that music? >>> coming up, is apple the new coke? find out if the hypergrowth story of america's most valuable company is coming to an abr

michelle girard, director of ubs and stephen moore is a writer with "the wall street journal." thank you. >>> coming up, we just touched on it. globalization chipped away at u.s. manufacturing jobs over the last few decades. there are signs that some of the jobs are coming back. certainly manufacturing is. don't expect to wear overalls and a tool belt to the job site though. we'll look at the manufacturing jobs of the future when we come back. you're watching "your money." >>> made in america. one of the keys to an american renaissance. the economy is adding jobs but the jobs the u.s. is adding aren't the same ones that it has lost. take a look at this. jobs in leisure and hospitality. one of the big growth areas. pay on average $13.35 an hour. retail, another area that we've been growing, $16.43 an hour. neither of these pay as well as manufacturing with an average hourly rate of $24 an hour. since january of 2010, the u.s. economy added 508,000 manufacturing jobs. that's since the beginning of the recession. that is a blip compared to the last 25 years. since 1987, take a loo

nvidia lower by .2 after ubs cutting its q 3 estimates, citing weakness in the pc market.se, that continues to be a major theme and trend in the technology space. also got to point your attention to zillow.com. q 4 revenue forecast came in slightly light after missing -- after losing a big advertiser. the stock down better than 18%. and lastly, take a look at express scripts,s here the story. on the conference call, management estimated that wall street estimates for 2013 may be overly aggressive and seeing the stock better than 11%. back to you. >> thank you very much, seema. >>> it is not, of course, about only the presidential race today. every house seat is up for grabs and more than 30 senate races as well and many in the markets say that what happens here may impact the economy even more potentially that the presidential race. ammanoffers has some of the key races you've been watching. >> hi, tyler. the key thing is the balance of power right now is 51 democrats, two independents who vote with the democrats and 47 republicans. four to take the majority you only three

and jim lacamp, senior vp of investments at ubs. i begin with mr. la camp, is this a wall street vote on the election? awful a sudden boom, boom, boom. is that what this is all about or is there something else going on here? >> there's definitely something else going on. we had problems before, with this market before yesterday. since september this market has been struggling with a falling, deteriorating global economy. it's been struggling with deteriorating earnings from corporate america and the fiscal cliff. so if you look at what the market did today it's all the obama themes that dominated the activity. the banks, the coal, the health care stocks, defense stocks got killed. and so you cannot say that this market today had nothing to do with obama's re-election, but you can say this market already had some issues and these issues are going to continue for some period of time. >> all right. henry blodget, you're our obama man. and by the way, i don't want to make any conclusions because i think sometimes, henry, people on wall street kind of ju

what's t -- ubs? >> all day long we've been asking when is the market going to care about this fiscal cliff? the answer is right now. i think what's more important than even looking at the stock market down 2%, it is a look at what happens in the bond market today where yields are falling. the market is telling you that you have a big growth problem because of this cliff ahead of us. >> jonathan, we're going to come back with you in the second half of the hour and talk a little bit more about the fiscal cliff and other things. >>> now there is europe. the president of the ecb making some comments today that put markets on edge across the world. check out the european exchanges. we've got down, down, and down. if we can check them out, we would. wouldn't we? yes, we would. >>> there is one of the reasons why. the new austerity measures being voted upon in greece. i guess most of that is taking place, michelle caruso-cabrera, our chief international correspondent, after the close of the markets. but it

however at 19 times projected next year's earnings, ubs sees the stock as a little rich. >>> conagrarojected to improve long-term growth rates. they specifically mention frozen dough as part of the deal, saying it is on the store perimeter and that's a good thing. i have no idea what that means but i will trust jeffries. >>> verisign. having story here. it got approval from the u.s. government to serve as the operator of dotcom registries for six more years. however, they did not get the right to four price increases of up to 7% over the next six years and that stock move by the way wipes out all of this year's gains for ver. sign. zumiez missing revenue estimates, down nearly 30% year to date. blaming in part super storm sandy which does not explain the fact that zumiez also cut its forecast before the storm. back on october 31st. super value trading higher today. there is a possible deal maybe for the company. they say, listen, we're still engaged in strategic view alternatives. stock yesterday reports that a potential bid may fall apart. herb greenberg, rescue the segment here. be

ub ambassador susan rice could replace her, could, but republicans would hit her with questions obviously about benghazi and her appearance on "meet the press" during the confirmation hearings. john kerry is another huge option but that would open up the seat in massachusetts for the united states senate. perhaps scott brown would come roaring back and grab that one. i don't think either of these issues should get in the way of the president picking the best secretary of state. chuck hagel is said to be under consideration for defense. at the treasury department jack lew, our friend, is the favorite to pick tim geithner we hear. and they will be right back. change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully bef

scott rind from wells fargo and kevin cumins for ubs. what are you expecting tomorrow? >> the two reports we have out new home sales and the fed's beige book are not going to do anything to move the market unless they were crazy out of expectations. everything is about the fiscal cliff negotiations. if we see headlines tomorrow we are going to see some market movement. if we don't the market is going to be dead. we want our clients in there buying stocks. we want them to commit money to the market now. we think the market will be higher into 2013. >> thank you. michael you're up next. what are you watching tomorrow? >> first of all as a proud notre dame alum i want to give congratulations to brian kelly. things focusing on for tomorrow the retail space. obviously with black friday and cyber monday yesterday a lot of focus on retail. we will get progress reports tomorrow morning. ann taylor and american eagle pretty bullish on both. probably one of our best cyber monday plays has been ebay. >> you got to praise notre dame and bad news you took up half your time. kevin. 3

bob now with ubs's art cash. over to you, bob. >> hello, maria. art, even though we're being smacked around by the usual l fiscal cliff headlines, the market still advanced today. actually, fairly broad. almost three to one. >> well, the market is looking at the calendar. it wants to hear sleigh bells. it wants to believe a santa claus rally is lurking there. the other thing it finds comfort in is it believes that as fractious as things can be, that the leaders in washington have learned their lesson. that the wrong word can move markets and they will be somewhat careful, that nobody will produce anything like the 500-point selloff in the t.a.r.p. vote. they think there's a minor protection there. nevertheless, we're in an age of auditory lottery tickets. whoever gets to the microphone swings things. >> yet, they believe that, number one, it's coming soon, that something is going to happen in december, and it's going to be a credible plan, something that's a real down payment that won't trigger some kind of ratings downgrade by the agencies. >> we

joining me, long-time obama adviser, robert wolf, former chairman of ubs america and now on reuters television. thank you for joining us. do you agree regardless of who takes the white house, investors will see tax increase? >> yes. we're all talking about the fiscal cliff. we need revenues. irrespective of who comes in to fix the debt, you'll have to raise taxes. it's clear to me. how far will they go up, do you think? people are worried about didividend taxes, 43%, which is where they'll go if they don't do anything about it by the end of the year. 15% to 43%. that sounds like a major ouch for this market. >> to me that seems like it's going to happen. i would say 20 plus, 22%, 23%. income back to the clinton era, 39.6%. i don't know where they're getting 43% from. >> that's where it was. when the bush tax cuts expire it goes to 43%, unless they change that. >> you may not get in the lame duck session a big deal done, but if you find $60 billion, that saves you six months of time to get a real deal done when president obama is in office. >> the same with capital gains. you're expecting capit