Homes slipping to their lowest level in a year last month. Today well talk to one Top Executive in the business, get his advice. Sold, power lunch is a buyer. The ceo of Coldwell Banker is up in two minutes so dont you budge. The fed has spoken. How will Financial Sector stocks react . Well take that one apart. Theres jpmorgan, citigroup, wells fargo, b of a and one of the etfs, were tracking those as well. Plus, the fight against cancer. New ammunition here. New corporations coming in and throwing lots of tonnage at cancer. Thats all ahead. First, lets check in with sue on this, the day after the big taper announcement. Sue . Thats right. The markets kind of consolidating at these levels, ty. Were going to start with housing. Existing home sales hitting a yearlong low in november. Diana olick is live in washington for us. Diana . Reporter well, sue, it was a big drop, no question, and we know why. Weve been talking about it for months. Prices rising too far, too fast and mortgage cred
For many professionals and corporate managers. Super, super, superduper hot. Its crazy. The 40hour work week is history. Daddy okay, hold on just a minute. 60to80hour work weeks are now the norm. You dont think youre working too much . No. Do you . No. Do you . No. Youre brainwashed. [laughter] maybe were all crazy. Maybe we are. [clock ticking] we have eight weeks of vacation. Eight weeks of vacation . Eight weeks, yes. Like most frenchmen marchand has no guilt about taking so much time off. In fact, its the law. Fulltime workers in france are guaranteed at least five weeks vacation and a maximum 35hour work week, with no paid overtime allowed. And not everyone is thrilled about working even 35 hours. The aim is to keep your job without working. Welcome to 60 minutes on cnbc. Im leslie stahl. In this episode, well examine our relationship with work. How much is too much too little, and who should decide . But before we look at the hours we spend on the job, well look at how employers
Fewer jobs, obviously, in that number. Expected an addin in september. Well break down all the numbers for you. Streaming to alltime highs. Netflix shares poised to open at a record high after blowing through Third Quarter expectations but even Ceo Reed Hastings voices a few words of caution about the stock price. Cramer that will run through the stocks that are key to your portfolio. And a new battle in the tablet wars. Meanwhile nokia launching a new tablet and apple releaseding surface two. Terrific. The september job numbers have been repleased, thats below forecast but august job gains were revised higher. Unemployment was low wheel the labor rate Participation Rate did remain unchanged the quarterly average, 103, 207 before that, 2 9 before that. Private sector is putting on the brakes. Interest rate back to 2. 05. Thats really amazing. The big spikes, 2. 8, 2. 9, that turned out to be a became. Interest rates are back to where maybe housing gets reignited. Im not sure. How does
The latest legal battle between amppple and samsung begs today. A federal jury awarded apple about 1 billion earlier this year, but the judge tossed out 400 million in damages and ordered a new jury to recalculate damages for 13 samsung products that have been found to be infringing apples patent. In other technology news, the wall street journal reports that googles motorola unit is expected to unveil a low cost phone tomorrow. The announcement is said to come amid weak sales. Right now, lets get to the latest from typhoon haiyan. Sri joins us this morning from manila. We know the situation is dire. We wonder if theres any better insight that you can give us right now. Well, what i can tell you is that the relief operation is continuing. Its under way. But the distribution of goods and essential services, essential relief supplies, food, water and medical equipment is painfully and agonizingly slow. And thats leading to a lot of frustration, anxiety, and anger on the ground among the
Releasing the september jobs report next tuesday. So on forget our jobs friday. Its now jobs tuesday. Last months Producer Price index will be announced on the same morning. Then on wednesday, were going to get september cpi. Steve liesman, of course, and all these numbers are going to join us 8 30 eastern time with more on what we can expect. Before we do all of that, michelle has this mornings top stories. Andrew, do that again what you did with the fear index. Ooh, the fear index. It sounded like homer simple standard operating procedure, it was really funny. In global news, chinas economy glooe grew 7. 8 in the Third Quarter. In line with expectations. But the countrys sta. Ic bureau said growth showed signs of slowing in september. Speaking of china, chinese computermaker lenovo has signed a nondisclosure deal to examine blackberrys book. But the Company Reportedly faces regulatory obstacles if it bids for all of the company. It is said to be likely to pursue parts of blackberry.