Tenets of working make a lot of rules work. Let alone the super vision and the capacity to ensure they do. So what are the priorities . In my opinion, first theyre finalizing the orderly liquidization authors. And the thirty paper takes a hard look at this to see if it is a robust end too big to fail. To whatever piece is the right to the agency that it can be resolved. If it too complex, doddfrank tells the agencies can you go come you tell the same complex banks. No more crossborder bridges. Structures often subsidiaries that are more easy to resolve. We need to hold regulators accountable for acting on living wills said the big bang sorry so i requires make more resolvable, not step away if it wont happen, lets do Something Else from which no one agrees than few specifics are getting hand. Orderly resolution they think is important and vital. New capital rules, new liquidity rules and a keen eye to Operational Risk management, all of which can be best insured, not only by new rules,
2013. Here is a look at caterpillar right now. It is up about 1 . Lets take a look at the Broader Market averages. The dow is down 13 points. The s p is lower in the nasdaq squeezing out a gain of just over one point. Back to you. Dagen thank you. President obama and mitt romney preparing to face off in the third and final president ial debate. The key swing state proves to be a close battle this year. The latest fox news poll shows romney surging and not leading the president. Neil cavuto joins us from that very state. Hey, neil. Neil hey, dagen. Dagen what will be the focus of the debate tonight . Do you think romney will try to move back to, say, domestic issues . You can make it about the American Economy and our debt. You can take the middle east and make it about Energy Supply and our country. Neil i definitely think the economy, he will try to wedge it in. He will constantly pound on the notion that our economic consequences of all this that and Everything Else have made us and
Pull us to the downside for these major averages. On the s p 500 he was looking at 13,090. Talking about the three names that reported without that United Technologies and also dupont. You can see these names coming out and not looking too good. As we see these big names coming out, they are giving forecasts. A lot of these s p 500 companies are giving forecasts and when they have to lower the expectations. Whether it is at the top and or bottom and or having the whole thing be below what analysts were expected. That is what we were looking at. 3m would be another name with a tough outlook as well. Back to you. Dagen thank you. Third and final president ial debate was also about what was not said last night. Gop challenger mitt romney choosing not to push bolivia situation with president obama. He thinks mr. Romney missed an opportunity to win this thing. I think you could have done it in and authoritative way. As an american citizen, i would like to know what happened there. I would l
We have an exclusive look at the Td Ameritrade conference. Fred tomczyk will join us to break it all down for us. There are hundreds of millions of dollars in investments wandering around. We will find out where theyre putting their money to work and thinking no better day than a day like this to have so much rain power to help us sort through the day. Lori thank you so much, melissa. It has been 15 minutes since our last check of the New York Stock Exchange. Weak earnings seems to be the culprit for the sharp selloff on wall street. What else is going on . Nicole we have serious concentration of selling. You may remember on friday the dow sold off 205 points. Today we are down another 223 points. We have not seen concentration like that. It shows you dont normally see this kind of selling backtoback and yesterday selling across the board every sector, majority of the dow componentcomponent and big nameg out with an outlook to trim their forecasts and th and a bis we have been followin
Oil lower and baker hughes. Searching for some green on the board, which we always do here on countdown to the closing bell. Technology for once the only s p sector today moving higher. Its been a a real downer over the past couple of months but right now apple is charging forward, up nearly 3 as anticipation for the mini ipad because you know, we all upgraded to the ipad 3, which youre not supposed to call the ipad 3. Now we need the mini ipad. The anticipation continues to build this week. When will they unveil it . Wwll it be the day they come out with earnings . Thats thursday. Lets get right to the floor show. Traders at the new york stock exchange, cme group and the nymex. Kenny, friday you and i talked about how what might we see this week. We see this follow through with the losses today but with the nasdaq down just 3 points, im thinking it was down 67 points on friday, how worried are you about tomorrow . What do you think . Heres what i think this morning and i said it to yo