comparemela.com

Senator cruzs capitol hill crusade last week on the senate floor, to this one, Silvio Berlusconis new threats that have investors all over the world getting nervous once again, strange bedfellows they, getting worried once again about europe and with european problems and washington worries, the big question this hour, should you be getting into this market or out of it . Listen to the president on tape. The senate has passed a bill that keeps the government open, does not have a lot of extraneous issues to it, that allows us then to negotiate a longer term budget and address a range of other issues, but that ensures were not shutting down the government and not shutting down the economy at a time when a lot of families out there are just getting some traction and digging themselves out of the hole that weve had as a consequence of the financial crisis. Ive said before, congress has two responsibilities. Pass a budget and pay the bills. And i am not only open to, but eager to have negotiations around a longterm budget that makes sure that were investing in middleclass families, helping the economy grow, giving people who are working hard a leg up, and greater security and stability and deals with some of our longterm challenges in terms of debt and deficits. But the only way to do that is for everybody to sit down in good faith without threatening to harm women and veterans and children, with the Government Shutdown and certainly we cant have any kind of meaningful negotiations under the cloud of potential default the first in u. S. History. Theres not a world leader if you took a poll who would say that it would be responsible or consistent with americas leadership in the world for us not to pay our bills. We are the foundation of the world economy. And the world financial system. And our currency is the reserve currency of the world. We dont mess with that. And we certainly dont allow domestic policy differences on issues that are unrelated to the budget to endanger not only our economy but the world economy. So, you know, i suspect that i will be speaking to the leaders today, tomorrow and the next day, but theres a theres a pretty straightforward solution to this. If you set aside the shortterm politics, and you look at the longterm here, what it simply requires is everybody to act responsibly and do whats right for the american people. All right. Thank you very much, everybody. All right. That was president obama just moments ago and as the president was speaking, we went from a negative 109 tick on the Dow Jones Industrial average we are now down double digits down about 98 points. Lets go to our chief washington correspondent john harwood. John, basically youve been right on the money about the fact that this is going to go to the 11th hour and, indeed, it looks like it will be. Its interesting that the president said that you dont mess with the reserve currency status of the u. S. Dollar. And as a result of that, he is going to be talking to congressional leaders today and probably over the next few days. How is this going to play out, john . I thought it was interesting that the president emphasized his eagerness to have a negotiation over the budget. Remember, that whats brought us to this point, to the brink of shutdown, with the possibility of debt crisis later on in a couple weeks when we hit the debt ceiling, is not a budget negotiation. Whats brought us to this point is a demand by a group within the House Republican caucus to defund, delay, interfere with obama care. The if the president by emphasizing his eagerness to negotiate deals with some of the sentiment you hear expressed like why wont the president negotiate with us, he was trying to say yes, i will, ill negotiate on a longterm budget, not obama care. That might be a little bit of a pressure release for some people, but im still waiting to see what the house is going to do, what theyre going to signal after they meet with their caucus this afternoon, what they do when they get clean cr back from the senate. I was just exchanging messages with a top House Republican aide and said what are the chances the house simply passes a clean extension of government funding as the senate has passed and avoid a shutdown, the answer is we will see. I think theyre not ruling out that option and the speaker who has been reluctant to confront those in his caucus who want a frontal assault on democrats in the white house still has the option of putting it on the floor, working with democrats and a significant chunk of republicans and avoiding what were talking about going through right now. All right. John, i know youre going to be following it for us all day. Well be seeing a lot of you. Thank you, john harwood. If anything happens well go back to john. Hampton, walk us through what happens if there is no deal at the stroke of midnight. Hi, sue. Right now, the biggest shutdown question mark for markets is the friday release of jobs report from the bureau of labor statistics. Government Data Collection reporting is considered nonessential, posting on the eb website says if a shutdown occurs all survey and other Program Operations will cease and the public website will not be updated. A lot depends on if that september jobs report has been prepared and it would be up to the office of management and budget to green light any kind of contingency plan for releasing that report. Commerce department is on record say there will be no data releases from them. Now the big picture, not everything comes to a halt right away. But hundreds of thousands of government workers will be placed on unpaid leave including half the Defense Department civilian employees, some 00,000 people, museums, National Parks and land marks like the statute of liberty and other icons will be closed right away. At the securities and Exchanges Commission business as usual. The sec has reserve funding. In 1995 when there was 21day shutdown the sec was open for business during the duration. Social security and medicare benefits will continue to be paid and they will be delivered by the postal service. Some 1. 4 million active duty military personnel will remain on duty, but their paychecks could be delayed. And air Traffic Controllers and tsa screeners at airports will remain on the job along with almost everyone involved with Public Safety and public health. Now finally over at the irs, the shorthand, most tax collection activities will continue but if the government is closed and you had an audit this week, this would be a good week. Thanks very much. I got my fingers crossed. I have a flight on wednesday, hoping that those air Traffic Controllers are on the job. Another key component in a potential shutdown is the defense sector. Jane wells covers the industry for us from los angeles. Hi, jane. Hi, tyler. You heard hampton there talk about it. Already sequestration has hit pentagon civilian employees harder than the defense contractors. What about a total shutdown . Will it impact what youre looking at here. Contractors have been cutting jobs. Ubs estimates head coach at the Large Companies is down 17 from the peak. Profit margins have remained healthy. While all the stocks have been down today theyre not far off their 52week highs. If the government shuts down Northrop Grumman tells cnbc its working to identify programs that could be faked and understand what we need to do to meet our commitments. Lockheed martin lockheed on friday won more than 3 billion from the pentagon to build more f35s. Its also made significant inroads increasing international sales. It could beat out boeing to sell f35s to South Carolina and won a missile def contract which includes shares to united emirates. The company just raised its dividend by 16 and increased its share bag Buyback Authority by 3 billion. Look at that chart. Back to you. Thank you very much. Lets go to dominic chu quickly for a market flash on another sector that is moving lower on shutdown fears. Thats right. If you think that a possible Government Shutdown or whatever it could lead to is going to take its toll on the economy one place you may be betting on is an energy stocks. Energy is one of the worst performing sectors in the stock market today. Take a look at stocks in the Oil Companies in particular. Exxon, chevron, bp, conoco phillips, you name it, will people demand as much oil if the Government Shutdown really does hit the economy. Of course tyler keep an eye on those energy stocks, the big oil ones, back to you. Thank you very much. You know, the threats to investors dont stop in washington today. Throughout the capitals of europe a new wave of anxiety sweeping the continent and starts in sunny italy. Michele caruso career bra is our international correspondent. Whats going on . Berlusconi the former Prime Minister of italy, still a member of parliament tried to topple the government. He pulled his ministers out of the cabinet and hoping they will abandon the current government and white have to fall. Here is Silvio Berlusconi arriving home today. Whats he got . Thats his dog, dudu. Its a bichon. So we all woke up this morning bichon and a son of a bichon. I guess. Pardon me, folks. We all woke up wondering when this happened, are we going to see italian yields skyrocket. Turns out the worst did not happen today. The italian stock market dropped 2. 5 this morning but recovered dramatically down only a little more than 1 . See on the oneweek chart. A look at what happened with yields. They started to fall actually throughout the day. Heres the oneday chart. Because there are rumors and reuters reported that as many as 20 berlusconi supporters may abandon him and stick with the government and he cant necessarily make the government fall if there is a vote on wednesday. So if the vote comes vote were to happen on wednesday what are the odds makers saying . Its much improved that government would not fall, that the current Prime Minister would still be in power at this point. He has his own personal issues. Many, many. Come on. Okay. I thought he was going to jail . House arrest . The reason hes trying to pull his people out of the party he claims because he didnt want them to raise taxes. Sales taxes in italy are 21 , trying to raise them to 22 . He didnt want them to do that. Nobody believes that, though. He can afford that. Nobody believes that. What they think it is is the senate is moving to expel him from the senate and that would mean he would have to serve a sentence for conviction for tax fraud. I see. It would be house arrest and he has several nice ones so it wouldnt be bad. It hasnt ever served a day. Ever. Thank you. Youre welcome. Keep an eye on it watch silvio and his dudu. Dudu got a chuckle from the traders. Thanks, guys. The market down amid the likelihood of a Government Shutdown and troubles in europe. Will a selloff continue . Time to get in because things are getting cheaper or get out . Joining us now is abigail, Technical Strategist with the Sea Port Group and jim is in chicago, director at tmjm institutional services. Abigail, you think we may see the market continue to grind lower absent the Government Shutdown. True. I think thats likely. My takeaway from all of this turmoil, potential shutdown, greater threat of the debt ceiling not being raised is uncertainty. Investors hate uncertainty. Put on top of what could be a volatile earnings season, whats going on in italy, if we look back at 2013 its been kind so far, even if not for the right reasons to equity investors. Up more than 20 on the s p. Time to reduce exposure to equities, potentially go long treasuries or hold the proceeds in cash and i think gold could be pretty good in q4. Thats what i think investors may want to look at doing. Jim . What are you doing in the market right now . I disagree. The fact that s ps are only down nine handles today means they dont think this Government Shutdown thing is a huge deal. Its a mediumsized deal. The people who are trying to convince us the most that its the end of the world are the government. Perhaps at the end of the day theyre worried about us finding out the nonessential Government Employees are, in fact, nonessential at least for a couple days. Not trying to belittle anyones job. I agree that we were probably due for a correction. Just so happens this is convenient that the Government Shutdown and potential default comes into play here. However i do think that 1655 and i thought this for a few days should be a time where you start to look at buying s p futures. Thats where i will too. Keep in mind too, that one of the reasons probably the stock market doesnt take on a lot of water if it does have a material effect on the government the Government Shutdown, then the fed will be less likely to abigail, you say get into gold, would you get in at these levels . I would if were to go back above recent highs at 1334. Thats a way from where we are now. But to the uncertainty and what jim is saying, the bigger uncertainty the possibility that debt ceiling is not raised. Looming large. Default comes out at all youre going to see that negativity taken out in the indexes i believe. I really dont think this is a time to be getting in. All right. Thanks, appreciate it very much. Abigail and jim. Ty, up to you. Great reporting on capitol hill, but up next, a democrat and a republican will tell us where we stand and if there is any realistic chance of a deal with less than 11 hours to go until shutdown time. Plus, the business of fantasy football if you dont play, you know smun who does. Almost a tenth of all americans are in the game. Whos making money off it . More power to you in two minutes. Nice car. Sure is. Make a deal with me, kid, and you can have the car and everything that goes along with it. [ thunder crashes, tires squeal ] so, what do you say . Thanks. But i think i got this. [ male announcer ] the allnew cla. We begin a tale of two restaurant chains. Morgan stanley downgrading panera to equal weight from overweight saying the company may be losing its ability to drive samestore sales higher, but the firm said investors may find more value in chipotle which it upgraded to overweight from equal weight with 485 a share price target. Chipotle hitting a fresh 52week high. Sue . Ty, as you know time is ticking away. Just hours away from a Government Shutdown. The first in 17 years. A lot of drama and fingerpointing, of course, inside the beltway. But what are the voters saying about all of this . Scott kohn is in senator ted cruzs state of texas with results for us. Hi. The gentleman from texas has clearly raised his National Profile as a result of his fight against the Affordable Care act, obama care. But as for here in texas, the its a little early yet but this is the opinion page of the Dallas Morning News today and the letters to the editor today shows sort of mixed. Tony foster of amarillo says as a texas citizen its disconcerting to see my senator say no to something he or his constituents havent tried. But one calls him a modern day big john. At least he made a try while the rest have criticized him for his efforts while john of garland said i hope texans will remember how hard ted cruz worked to make it more difficult for them to get insurance. The latest Approval Rating 39 but that was back in march according to a university of Texas Tribune poll before his Marathon Senate speech. There are indications some here like him even if they will be hurt by a Government Shutdown. As you heard jane wells report earlier, Lockheed Martin is a huge employer, they employ some 14,000 people in west ft. Worth and a lot of Small Businesses that are relying on that f35 fighter project, but none the less the owner of chads top shop says that he is likes what he sees so far. Im okay with senator cruz, yes. Im okay with the shutdown if thats what it takes. Because actually im against obama care. He does say, though, that hes very concerned about what would happen if there is a protracted shutdown, even though the money for the f35 has already been appropriated, it certainly is worrisome in an area that is dependent on government funding but senator ted cruz at least among some is playing well home in texas. Tyler. Scott cohn reporting from dallas. Can a Government Shutdown be avoided . Joining us from capitol hill are representative tim griffin, republican from arkansas and representative adam shift a democrat from california. Welcome. Im going to turn to both of you guys into reporters for us because youre on the inside, you must be hearing stuff. Congressman griffin, whats the latest . Whats the buzz . First of all i would like to say i think a shutdown is bad policy, bad politics. Ive been talking to democrats and republicans trying to find a way through this deal. I think right now there is still a chance, it dwindles as the hours go by, but there is still a chance that we can avoid a shutdown. I think there are a couple of forgive me for interrupting. Would you say its a 10 chance, 50 chance some. I dont know how to put a number on it. Look, i think, you know, i dont know what number is, 25 chance, 30 chance, but look, there are several paths to get to avoid a shutdown that i think could pass the house and the senate would also pass. And weve let me just say this, weve got a conference with the speaker in about 30 minutes and i suspect we will get an update on what hes hearing, but ive been talking a lot with leadership and with rank and file fellow colleagues and i believe that i believe there are some ways to get there. All right. But its going to take some creativity and flexibility and so what i want i want to get to those paths you see as a possible way to avoid a shutdown. Thank you for your reporting there. 30 minutes, youre going to go in with your leadership. Congressman, what are you hearing and whats likely to happen here . Whats the buzz . Well, i think i would probably put the odds around the same percentage, maybe a third chance that well avoid a shutdown when the senate kicks the bill back to us that well put a clean cr on the floor, clean cr and some token measure along with it to send it back and keep the government open. I certainly hope we can do that. This is no way to govern and its really destructive to the country. Our economy would be humming along if the congress would just get out of the way but we have these frequent shutdown threats and fiscal cliff threats and it is simply putting the brakes on a recovery. Terribly counter productive. But i hope it can be avoided. A lot will depend on the internal fight going on within the gop. Democrats in the house have been kind of in a wait and see mode, but i hope that ultimately the republicans will allow a clean bill to come up. If they did, it would pass with a very broad bipartisan vote. We could avoid this shutdown. Ive got two minutes left and now im going to play marriage counselor and get you to speak to each other. Congressman griffin, would you tell your counterpart there, where you see that path to passage of some sort of resolution that would keep the government open . What do you need to get you to vote for something . Well, let me just say that i i may or may not be representative of the entire conference. I represent the Second District of arkansas and i have, you know, my unique views that relate to my district. So just because, you know, im okay with a delay of the individual mandate, for example, that doesnt mean that everybody else would be but thats something that senator manchin, a democrat from west virginia, has said that he would be interested in and it would be the corollary to be honest with you, frank with you, to what the president already did. I think we should be clear that the author of the delay is the president. He delayed the employer mandate on july 2nd and why not do that for individuals if youre going to do it for businesses . Congressman schiff, is your bottom line that you need a completely clean continuing resolution in order to be satisfied . And second, why do we keep going for continuing resolutions which ensures that were going to be back at this place in, what, two months, 60 days . Why not go for a full year . Thats a very good question. Absolutely. And, in fact, beyond that, instead of a continuing resolution that just funds the preexisting levels for another year even when circumstances have changed, we ought to get to the regular process of governing where we pass a budget where we pass appropriation bills and we prioritize the across the board sequester is a nightmare because it cuts the good with the bad, efficient with inefficient. We have to get beyond this. What i would say to tim who is a good man and one of my colleagues here, we should get to yes on this. We can fight over what the budget levels ought to be. Thats generally what you fight over in funding the government. We cant bring in these extraneous issues. Weve had 44 votes to defund obama care. None has succeeded. You cant get to a position to say i cant get my way so im going to burn the house down and shut the government down. We can talk about changes and fixes and improvements down the road but it cant be done in the context of a shutdown. Were all watching. Thank you for your were against a shutdown. All right. Thank you very much. We appreciate it. Well be watching for the rest of the day. To dominic chu for a market flash. Shares of dutch unileaver towards session lows after everything from dove skin care to ben and jerrys said it will be slower in the current quarter. Develop Market Growth expected to be flat to down. The ripple effects from our consumer products, notably procter gamble. Back to you. Thank very much. The real threat of a Government Shutdown making investors nervous today. Time to take money off the table or a buying opportunity . Were off our lows, somebody is doing a little buying. Is it time to play the rebalancing game . What should be your first move . Well talk about that when we come back. [ male announcer ] you know that family . The one whose eye for design is apparent in every detail . Whose refined taste is best characterized by the company they keep . Well. Say hello to the newest member of the family. The cadillac srx. Awarded best interior design of any luxury brand. Take advantage of this exceptional offer on the 2013 cadillac srx with premium Care Maintenance included. Revolutionizing an industry can be a tough act to follow, but at xerox weve embraced a new role. Working behind the scenes to provide companies with services. Like helping hr departments manage benefits and pensions for over 11 million employees. Reducing document costs by up to 30 . And processing 421 billion dollars in accounts payables each year. Helping thousands of companies simplify how work gets done. Hows that for an encore . With xerox, youre ready for real business. Therell be the usual presentations on research. And development. Some new members of the team will be introduced. The chairman emeritus will distribute his usual wisdom. And you . Well, youre the chief life officer. You just need the right professional to help you take charge. Quick check in the metals market. Theyre beginning to close on date. Gold market down 9. 30. A half a percent move to the downside in silver and copper which has pretty big upside days last week starting out the week on just a slightly negative tone off almost. 2 . All right. The u. S. Government facing that shutdown for the first time in 17 years. Markets have been nervous as we approach the midnight deadline. The dow down 93 points, down 6 on the nasdaq and 7 on the s p. The trading action with bob pisani and kenny. Theres talk in the market there will be a stop gap measure that will keep the government for an extra week. Extend the pain. Prolongs it. For what reason . Ultimately we realize its going to have to happen. They have to come up with a decision. Why they are going to prolong it. Do your job and get it done. Its not like they havent known this day is coming frustrating to investors, port follow managers and the market. Were tired of becoming policy wonks on discussing washington politics. The dow moved up a little bit, put the s p up. We blipped up a little bit because when that headline came out that perhaps theyre discussing a oneweek stop gap bill, market moved up a little bit. I want to put up the vix here and one thing thats interesting to note is that even before this, were close to a Government Shutdown and the vix, put it up interday, the vix has been dropping all day because the market still is convinced this is somehow not going to be a problem in the long term that were going to have a resolution. Going to be meeting with congressional leaders throughout the day. Dropping all afternoon and my point here, ive been putting this up for a week now, the price of buying protection is cheap. The markets are very complacent. They dont believe theres going to be a problem. So what do you do . I think you stay i think you stay tight. You talk about rebalancing your port flol, i think rebalancing your portfolio is dynamic. People should be doing that quarterly in terms of looking at it. Doesnt mean every quarter you have to look at it. Youre doing well. I dont actually think the market will crash at all. I think thats we came down to 1671 which was support, stayed there and weve bounced off of it. I dont get the sense that the market is going to crash, that anyone has to be panicked. You stick with the program. Pension funds rebalanced, stocks have outperformed bonds this quarter. Its good general policy advice. If youve had a dramatic six months where youre up 20 eight months up 20 and the s p 500 and your bonds are down to flat and you want a certain balance, 60 40, stocks to bonds whatever it is, you should look at your portfolio to make sure the kind of split that you want stocks to bonds still exists. Yeah. Thank you very much. Its the end of the quarter so its the perfect time to do that. Lets go up town to the nasdaq. Sheila is following the movers there. Hey there, even perennial winner nasdaq feeling the heat as investors are worried about the looming shutdown. The nasdaq composite down 0. 2 . Still outperforming the s p and dow. Keep an eye on shares of intel hanging on it to gains despite the fact that they lowered their goodance on the stock. They are pretty bearish when it comes to the pc hardware, no cheer when its go comes to back to school sales. For the winners, familiar names winning at the nasdaq, facebook and tesla, hitting new highs. Back to you. Learn. Thanks so much. Lets check in on the bond market and the currency markets. The president made those comments about the dollar a few minutes ago. Rick santelli is tracking that action for us. Ill tell you what, if all you did is look at treasuries you would have no idea of the quote unquote drama thats going on in d. C. Whether you look at a oneday or two day chart of tens theyve righted themselves, responded with higher yields after better than expected chicago. Open the chart up to july 1st. See why were spending so much time around the 260 level. If you look at the dollar index as sue referenced not at its lowest levels, it almost cracked 80 last time it cracked 80 was about the first week in february. So we want to continue to monitor the ongoing dollar weakness. Tyler, back to you. Thank you very much. This is some Serious Real Estate were talking about. East coast versus west coast. The tippy top of the markets. L. A. new york, inside some of the most expensive homes for sale, in the big apple and out in the southland. Power brokers, dolly and jay will take us for an incredible tour and where the wild things are, one of the largest private taxidermy collections and never believe where these things are and who has them. And apples ceo meeting with carl icahn as apple becomes the worlds number one brand. Our question of the day, which of these brands cant you live without . One of these companies gave their staff the entire week of thanksgiving off. Find out which one it was in two minutes. vo you are a business pro. Maestro of project management. Baron of the buildout. You need a permit. To be this awesome. And you. Rent from national. Because only national lets you choose any car in the aisle. And go. You can even take a fullsize or above, and still pay the midsize price. aaron purrrfect. vo meeeow, business pro. Meeeow. Go national. Go like a pro. Sony getting a boost from a Reuters Survey showing more u. S. Shoppers he preferred its soontobe released play station 4 over Microsofts Xbox 1pp. Boeing is lower after a nor wee again air grounded the airliner. For its part boeing says its focussing on making its 787s more reliable. Plummets after the fda declined to release its hold on the hepatitis c treatment down 59 . Up to you. Take a look at this one. Apple employees have something more to be thankful. Tim cook is giving his entire staff the entire week of thanksgiving off. Employees who do have to be at work over the holiday, can use the extra three Vacation Days whenever they want. Its cooks way of saying thanks for the successful launch of apples run of iphones. The app store celebrating a milestone, the 50 billionth download of an app. And cook and company have Something Else to celebrate. Apple now considered the most valuable brand in the whole world according to an annual study by the firm interbrand which ranks Companies Based on brand value. Apples brand, valued at 98. 3 billion, google jumped to number two with 93. 3 billion in brand value, cocacola slipping to third place, losing the top spot after a full 13 years, ibm fourth, microsoft coming in at number five. We asked you on Yahoo Finance which one you cannot live without. 20 say apple, 27 google, 24 say cocacola, only 4 ibm, 25 of you say microsoft. Ty. I would say if i had to answer that it would be google for me. Lets send it over to dominic chu for a market flash. Shares of h r block are get a boost after a bullish call from analysts over at red bush securities that believe that h r block could benefit from the implementation of the Affordable Care act known as obama care. Its just all about the moving parts of the act that could drive more Business Concerns towards h r block. They attached a 34 price target to the stock back to you. Dom, thanks. New numbers on how many working americans are supporting retirees. Now and in the near future. How can that system survive and how long can it survive . Well talk about that coming up next. F you didnt know that its smart to replace washingmachine hoses every five years . What if you didnt know that you might need extra coverage for more expensive items . And what if you didnt know that teen drivers are four times more likely to get into an accident . sup the more you know, the better you can plan for whats ahead. Talk to farmers and get smarter about your insurance. We are farmers bum pa dum, bum bum bum bum [ male announcer ] the allnew 2014 lexus is. This is your move. The Wright Brothers became the first in flight. [ goodall ] i think the most amazing thing is how like us these chimpanzees are. [ laughing ] [ woman ] can you hear me . And you hear your voice . Oh, its exciting [ man ] touchdown confirmed. Were safe on mars. [ cheers and applause ] hi. [ baby fussing ] the Congressional Budget Office finding a tidal wave of debt could cripcle the country in 25 years. In a worse case accidescenario l debt would reach 198 of gdp. That has Social Security spending could double to 14 of gdp. Currently there are about four working americans for everyone 65 years and over. By 2038, that number is projected to drop further meaning less dollars for more retirees. Quick break, fantasy sports, but real profits as in billions of dollars. We take you into fantasy headquarter coming up next. Before monday night football starts millions of fantasy fans will be checking their lineups. Josh got inside yahoo s sports hq with the details. Forget about church, brunch, or exercise on sunday morning, millions of americans, mostly men, are transfixed on the latest data points that apply to their fantasy football lineup. The engagement is tremendous. I mean we have millions of people doing drafts and mock drafts, that are happening and then if you look at fantasy for yahoo overall the users spend abo 23 billion minutes playing fantasy thats about 44,000 years. Inside studio one. The game is so popular that yahoo has its own web show. Fantasy football live. And interactive fantasy football advice show. More than 24 million americans play fantasy football every weekend. That many eyeballs means that many more at tizers, which this year includes toyota and jaguar, and with the growth of smartphones and tablets, mobility is changing the game. Fantasy fanatics can check their lineups any time anywhere. I think thats the beauty of where were going is when i can do that on my phone with one hand while im flipping a flap jack with the other it makes it easier for people and they dont have to sit down at a pc and log in and do things anymore. One of the things i like of course we asked if ya whos ceo marisa mayer plays fantasy football. Yahoo wouldnt confirm but did say she was involved in the new look and feel of this very important business. Josh lipton, cnbc, silicon, valley. We should point out cnbc has a content sharing agreement with Yahoo Finance. Dominic chu and seema mody are here. Stick with fantasy football. Should americans pay as much attention to their finances as fantasy football. Would we be better off . If they do they would be better off because so many people love fantasy football. Its a cult. You spend so much time getting your research done, lining up your teams. Spoke to jim cramer before i got on set whether i should start again tonight. Pierre thomas as a running back or mike wallace. And you played it too. Yeah. I did a little research. Wonder if there are parallels between fantasy football and stocks. With fantasy football, youre looking at Historical Data of players and then making trying to predict what their future performance will be. Sounds like what analysts do as well. Thats no guarantee of future success. Tells you why a lot of players, the millions that play this, are typically wall street guys, maybe portfolio guys who look at research and build models. You who do you like the saints or dolphins . I like the saints. You have a pick tonight . Oh. Seema . Ill get back to you. All right. Bankrate. Com says bank fees for overdrafts and out of network a it tms are hitting record highs. Will banks stop raising fees . Or is it too much easy money for them . Why should they if were willing to pay it. A study quoted in the usa today article in some ways that summed it up niecely. Its cheaper to borrow 100 from a pay lender than to bounce a 100 check. In some ways that kind of sums up how outlandish the bank fees are getting. Overall if you look at it, one of the reasons these banks are charging so much more in fees because theyre having a hard time making the money elsewhere. Remember interest rates, the yield curve, is so tight, is so flat, they usually borrow and then lend it longer rates that are higher. They cant do a lot of that now. They have to find a way too make up the volume and nobody is trading stocks anymore. I have a bank that rebates whatever my a it tm fees are. When i see a 3 charge i am really i am really annoyed by that. Today is the day activist investor carl icahn and tim cook expected to meet. First reported by david faber. Icahn adding to his stake calling it a nobrainer. Larger buyback expected to be a part of their discussion. Seema, you follow tech, so do you dom for that matter. Do you think that icahn will be persuasive . Im sure icahn will make his case on why apple should increase its buyback program. Apple does have the money to fund a larger buyback program. The question is, is this money better spent on r and n and innovation. Apple is dealing with competition from the likes of samsung among others. That will be the question. Didnt they do a huge bond raise to fund a buyback earlier this year. And already 130 billion in cash anyway. Not all here in the u. S. But its a lot of money. Ikea selling more than home furnishing. They sell meatballs. The Swedish Based Company theyre good too. They are going to start selling, yes, solar packanels in the uk. Good idea, not such . Its a huge distribution platform. I think price tag and quality will determine ikeas success. Seems odd they would choose the uk not known for sunny weather. You can cook your meatballs with a solar powered appliance. I think its highest in those scandinavian countries. I will get back to you. Have you decided whos going to win tonight some. Lets go with dolphins. Never believe where this collection of dead heads is. Well be back. A traditionalist. No member of congress. Lets move on to the we can safely say that. To your third listing, a manhattan property. The 2200 square feet of terrace space. Really . A 30foot window. Its actually the largest window in new york, so its amazing space. Totally done. Look at wellness building, certified building in the country. We have a lot of inquiries on this. A lot of prominent people. Everybody again wants to be well. And the asking price . 50. Again 50. 2200 square feet of terrace. Does it wrap around . Its the entire top of the building and it is gorgeous. Its going to have a tub, a kitchen, everything you can imagine. For a lifestyle thats inside and outside. We should just do power lunch from there. Lets do that tomorrow. Ill meet you there. Power lunch from the top. Sounds like a great idea. Lets lets change gears here a little bit. Weve been showing a bunch of heads in a house. Its a listing of yours. Taxidermy. Explain this . This is essential park west home in one of the top buildings in all of new york. A coopt building. Rejected its share of highprofile people and accepted its share. We found it so interesting that this collection exists in this apartment. I mean youll have to w on wednesday at 9 00 p. M. To know more because im not going to give it away here. I have seen everything and ive never seen Something Like this. Theyve rejected some prominent people but theyll let in wolverines and beavers . Thats part of the interesting story that you will here on wednesday at 9 00 p. M. Is that right . Yeah. Thats a very go ahead, sue. I have a good friend who is a big game hunter and his house looks similar to that. Ill have to give a shout out to alan mace. I one ker, i know youre not going to tell me, but im wondering if this is one of his hunting partners. They travel all over the world and do big game hunting. This is a millionaire socialite who is involved in going to every ubber party you can imagine and every prominent person hes ever had in his apartment pictured with him. Its super interesting. Super expensive to do that kind of international hunting. Its over a Million Dollar collection and gorgeous. Dolly, thank you very much for being with us. Thank you. Which three do you like the best . I choose all three. Choose all three. Not asking to choose i choose google over apple. Thats your favorite brand. Yes. Dolly will take you inside the animal house . A new episode of cnbcs secret lives of the super rich. You cant afford to miss that one. We cannot. The stock market is bettering its position a little bit. Down 106 points on the dow. Keep in mind that we were down sharply earlier today. S p 500 is down 8. The nasdaq composite down 9 on the trading session. Its a waiting game down here. That does it for ounce power lunch. Street signs begins in just a couple seconds, right . Thats right. Well see you when you get home, sue. You got it. Vietnam in 1972. [ all ] fort benning, georgia in 1999. [ male announcer ] usaa Auto Insurance is often handed down from generation to generation. Because it offers a superior level of protection and because usaas commitment to serve military members, veterans, and their families is without equal. Begin your legacy, get an Auto Insurance quote. Usaa. We know what it means to serve. [ male announcer ] the new twin turbo xts from cadillac. 410 available horses. Room for four. Twice the fun. In a we believe outshining the competition tomorrow requires challenging your Business Inside and out today. At cognizant, we help forwardlooking Companies Run better and run different to give your customers every reason to keep looking for you. So if youre ready to see opportunities and see them through, we say lets get to work. Because the future belongs to those who challenge the present. [ indistinct shouting ] [ male announcer ] time and sales data. Splitsecond stats. [ indistinct shouting ] its so close to the options floor. [ indistinct shouting, bell dinging ]. Youll bust your brain box. All on thinkorswim from td ameritrade. It is 2 00 p. M. In washington but might as well be high noon. Live at the u. S. Senate floor. Senators are expected to vote on a resolution to keep the government funded past today. The odds of a federal Government Shutdown at 12 01 tonight are growing. The stock and bond market are nervous ahead of it. Hello, everybody. Welcome to a special street signs. Lets get right now to where the action is. That is in d. C. Not wall street. Eamon javers live on capitol hill. Plain english please explain to our viewers and listeners what happens if as expected, the Senate Rejects the

© 2024 Vimarsana

comparemela.com © 2020. All Rights Reserved.