foundation whose leader found out to his horror that the usair force academy oath, which all cadets must take ends with so help me god. violation of the constitution says mr. weinstein. >> james? >> paul so few opportunity to say nice things about soccer, but this is a hit to the french soccer players who are going on strike at the end of november to protest the 75% top income tax rate in france. and this is a message i think around the world, even to the democrats here that if you push rates high enough, eventually everyone joins the tea party. >>> and, remember, if you have your own hit or miss, send it to us and be sure to follow us on twitter @ jeronfnc. i'm paul gigot, hope to see you right here next week.

usair delivers people.4 times earnings, usair is five times earnings. almost every metric, delta is at or beats fedex. >> wow. >> today. >> that long-term negative perception -- >> exactly. i hated airlines my whole career -- >> until now. >> this last year. >> we will see. >> it's been disastrous till now. >> i don't want that extra seat. >> if i ever fly coach. kidding. kidding. kidding. >> if i ever fly commercial. >> if it were only true. >> what are all these people doing on a plane? >> that's what the kids say, who are these people, dad? >> we'll get in the last word on the market when "squawk box" returns. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity investments. our one-second trade execution is one more innovative reason serious

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usair had the delivery of a $180 million aircraft. they could not take the livery. -- take delivery. the defense industry it is happening all through government. there is an easy way out of this. the same escape hatch has been available as long as we were a country. it's called a vote. days it has been closed for business the speaker refused to use that escape hatch. it's so important to buy a home. you cannot buy an fha home today, and you cannot get it done. you need a person to check it. my idea.not it was his idea. i will get it done. i agreed to his number. it was very hard to do in the democratic caucus, but it was his idea, not my idea. all this talk about not negotiating, that's what it was all about. party, ato the tea minority that runs the majority in the house of representatives. there was a compromise by us. the compromise was difficult to get my caucus to accept. compromised, the speaker won't take yes as an answer. he's willing to go in. last week he was willing to work out some differences. only concerned about obama c

i would have gotten much more aggressive had usair been able to merge with amr. hope the justice department let's that go through. that would make it more bullish. herman in ohio. >> caller: hey, jim, appreciate you taking the call. i've got a stock that's reduced -- increased sales, has a yield at 2.7, and what's your opinion of it tgt, target? >> i like target. i know. i mean, i think the retail has been oversold. rth is not going down. i think it's a good one. kyle in new york. kyle. >> caller: hey, jim, boo-yah! >> boo-yah. >> caller: i'm kyle, i'm 12 years old. i watch your show every night. and i love it. >> well, thank you very much. >> caller: there's a stock i want to ask about. >> okay. >> caller: jim, with all the restaurants sector, we're wondering if ruth hospitality group is a buy or a sell. >> i think it's a decent idea, not my fave, but i think it works i have to tell you. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. >>> hey, jim, greetings from daytona beach, f

david: specifically you like usair. in general you like smaller companies better than the bigger companies going into the fourth quarter. why? >> the small caps have done just phenomenally great. when the market is going up, small caps are probably going to lead the way. the small caps are doing very well this year. outperforming the s&p 500, we expect as the market continues to go higher, they will outperform. they need to think about income and not just gross. the big cap's are where they should be. verizon is a big example of a dividend producing stock that is just hitting on all cylinders doing really well. liz: i want to go back to you because we have the situation in d.c. behind us, but another issue developing that has already kind of been there, but that would be the concept of the federal reserve finally starting to taper. with the market having talked about it so much, do you think it will have a negative effect, what do you think? >> it is very clear to me the market is priced in a very dovish, two times dovi

i would have gotten much more aggressive had usair been able to merge with amr.e the justice department let's that go through. that would make it more bullish. herman in ohio. >> caller: hey, jim, appreciate you taking the call. i've got a stock that's reduced -- increased sales, has a yield at 2.7, and what's your opinion of it tgt, target? >> i like target. i know. i mean, i think the retail has been oversold. rth is not going down. i think it's a good one. kyle in new york. kyle. >> caller: hey, jim, boo-yah! >> boo-yah. >> caller: i'm kyle, i'm 12 years old. i watch your show every night. and i love it. >> well, thank you very much. >> caller: there's a stock i want to ask about. >> okay. >> caller: jim, with all the restaurants sector, we're wondering if ruth hospitality group is a buy or a sell. >> i think it's a decent idea, not my fave, but i think it works i have to tell you. and that, ladies and gentlemen, is the conclusion of the "lightning round"! >> the "lightning round" is sponsored by td ameritrade. >>> what do we do with the medical device stocks

. >> there are so many nonbelievers out there, and i am a believer in the usair and murph, you not a believer? >> well, it is more of a global sto story. but if you look at the railroads before they downsized the crews to make them more efficient, and it is the same story playing out, and much better the way it is playing out because of the control they have. >> and murph raises an important point to discuss, you are coming around to the airline story? anything to come around or the gains have been made as the stocks have not traded all that well that lakely. >> well, they have a huge run and all moved up dramatically and then a slight pullback when the whole american airlines merger did not go through, but as i read more and more on the airlines and i'm looking at growth in the emerging markets as a potential to investment, so the u.s. story may be done, but if you are a believer in the airline airlines on these levels, it is the international story. >> and mikey, the psychology has changed from years past. >> yes, the evaluation, and direction of the rails has impacted that. i am n

i was with someone yesterday evening from usair. they cannot tak -- a brand-new airplane. it is sitting there. they can't take custody of the airplane. why? because they need a final inspection. now, these -- this is all through america. the federal government is involved in aspects of life that everyone has here in america. food inspectors, inspectors for making sure the safety on these $180 million airplanes. lockheed has things it is building. you know, madam president, some of them are missiles. they have to make sure that they're safe and reliable. one man told me that they must, in the warheads, in these nuclear weapons, test them after they've been here in service. they just can't leave them here. they need to test them. that time is there to beest ited. the -- that time is there to be tested. the safety and reliability of our nuclear weapons, there's nobody to do it. and now we're saying to the federal employees, we're going to pay you when this is all over w but right now, you just stay home. you 1,000 mathematicians, you 9 wh40 ph.d.'s stay home. watch tv, play c

among them delta united, jetblue, spirit and usair. up year-to-date by the way 108%.an eye on those airline stocks. maybe you won't have to sit around and wait as long. dagen: please be careful standing so perilously close to the highway. connell: thank you. we're going to talk about the government's failed attempt to get mark cuban on insider trading charges. dagen: how about basically getting double pay for the government shutdown? some people collecting unemployment. in one state they don't have to pay it back even though they're getting back pay from uncle sam. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. if you've got it, you know how hard it can be to breathe and man, you know how that feels. copd includes emphysema and chronic bronchitis. spira is a once-daily inhaled copd maintenance treatment that helps

usair, delta, united. united a big carrier here at o'hare. up 32% year to date. before i go away i will tell you i checked the departmen departu. no delays today. maybe it is having an impact. we will keep watching. lori: thank you for bringing us those updates. adam: we will get out of the humor business, i will keep my day job. timtime to check the market. covering the trades, ben willis on the floor of the new york stock exchange. phil flynn on the pits of the cme. this is another record day for the s&p. are people overly optimistic? >> no, don't think they are overly optimistic. they may be getting a little ahead of themselves but the introduction we had from our elected officials interrupted what had been an uptrend. on the s&p last month, that seems to put an nice bottom in place for us to continue the upward trajectory into the end of the year. adam: phil flynn, oil searching for direction even as we get up its numbers out of china with growth to the economy, why are we searching for direction? >> the oil market seems to be decoupling from the rest of the

usair. >> we got to go. martin, thank you. we got what we could out of you. we're out of time. >> that does it for us. now it's time for "squawk on the street." >>> good thursday morning, welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber at the new york stock exchange. some big time bellwethers are out. we have a seven-month high on china's pmi. breaking news on carl icahn and apple. david is here with that. >> yesterday late in the day we got another famous tweet from mr. icahn saying he had written a new letter to apple. we've heard some of the contents of that letter, which apparently is about to be made public, if it hasn't been already. there's the tweet we're referring to. the specifics that haven't been shared completely as of yet or perhaps are just in the process of being shared is that mr. icahn wants to tender immediately, buy apple for $150 billion worth of its shares. it's choking up jim over here. >> right now he wants to tender an offer? >> at the current price is what he's asking for in the letter. he also

because we did get a development on usair and american, potential plans at least to merge.iator that has now been appointed by the judge to at least try to see if there's some grounds for a settlement between the department of justice, which of course is suing to block the merger and the two parties involved in the merger to see if there's something they can get to. don't often see that in these kinds of situations. believe one time was microsoft from the d.o.j. you don't often see mediators in anti-trust litigation. the trial a month away at this point. and we'll see if this does anything. but it has certainly got to be viewed in the absence of anything else as a positive, at least leading to some sort of sense that -- >> i thought it should have been up a buck and a half. i thought this was dead as a door nail. >> everybody's got different views. you can talk a lot of different anti-trust lawyers. often times you'll see uniformity of opinions on these kinds of litigations. not in this case. not in this case. you'll get people saying, no, i don't think they've got a good c