Halftime. Power starts now. Power lunch and the second half of the day starts now. Indeed it does. After five year highs on the s p 500, we are giving back today. Is the market changing longterm or is this just a momentary blip. We will talk about that. Two big settlements in housing to tell you about. And a whopping 10 million deal with fannie mae. What this means pour for the foonl giant and investors now. You will hear the president speaking live and it is the next big fight in washington. The president is set to pick chuck hagel as his next press secretary and it is proving to be a controversial choice. Well carry it live and look at what it means for the defense stocks. Meantime, my partner ty is down at nyse today, hi, ty. Hi, sue. You mentioned some of the reasons why. Investors seem to be selling off in the wake of last weeks major rise for the markets. Though it got choppy on thursday and friday. Rg3s knee explains why. Worries over that, certainly coloring investors at this h
Results. Shares of Alcatel Lucent soar. We are seeing the beginning of our plan, which is a threeyear journey, which means that we will need still a few additional quarters to really turn around the the c he o tells cnbc the ecbs health check will help the industry. It will give consumers confidence. And the good news, facebooks revenue surges. The bad news, a key group of users, teenagers, arent longing in as much as they used to. Well talk to the cfo about the trend in 20 minutes. All right. A warm welcome to you. If youve just joined us here on Worldwide Exchange stateside, welcome to the start of your Global Market day. We are doing two things, basically. Reacting to corporate earnings and, of course, post the fed the balance of risk on that just changes to potentially a december pace. They look to the Government Shutdown and they delve into the weaker economic data. The ftse mib is up about 24 points. The cac 40 is currently down 11 points at the moment. The xetra dax is down 0. 2
You are watching Market Makers. I am excited today. In just one hour i will be heading to the Second Annual robin hood investment conference. After one week of complete market turmoil we have the biggest investors in the industry. How was your weekend . Stephanie went north of 59th street . Ask for food i will travel. I will travel. We have the top business story of the morning. Shares of ibm are falling, big news is that they will no longer reach their earnings forecast for 2015, they will come out with a new one in january. Ibm is struggling as the industry shifts to the Cloud Computing. Meanwhile the company has unloaded its moneylosing chip making unit. They will pay global boundaries 1. 5 ilya and dollars to take their business off of its hands. The chipmaker has been a drag on earnings. Venture capitalist Mark Andreessen has officially resigned from the order ebay. He says that their decision to spin off their paypal unit marks the right time for him to step down. He says he has
America where government colleagues the rules makes the rules, where it runs more of our businesses and runs our lives. Or an america where we restore the principles that made the nation that it is. That we bring back the principles of the declaration of independence and recognize god gave us our rights and they include life, liberty, and the pursuit of happiness as we choose. Watch engage as president obama and mitt romney meet in their final debate. Our preivew starts at 7 00 p. M. Eastern followed by the debate at 9 00 and your reaction at 10 30. Back from their annual Party Conferences, members of the british house of commons return for their weekly question time with Prime Minister david cameron. The Prime Minister answered questions on the National Health service, youth unemployment, and britains relationship with the european union. Members paid tribute to labor members who died over the parliament break. Heproblem and im sure they will be addressing it. Order. Questions for the
Thank you for waking up with us on this friday morning, september 20th im pam cook. And good morning, im dave clark. Lets check weather, traffic. Active weather too. That is correct. We do have big changes today. It will be in the form of cooler, much cooler. Temperatures will drop a good 15 degrees for some. The fog is back. It will give us light rain on saturday and it will be cooler for everybody. Its a cooler air mass behind that. And what is developing to sweep in. 40s in the north bay or 50s. Some upper 50s or very low 50s. Very cool readings. By sunday morning we could have extremely cool readings and we protected areas. San francisco will go 66 today. Because that fog is increasing fast and not only that it will give you drizzle tonight. Front is on the way. Today everyone though it will be sunny for most expect by the coast you will notice a change. Fog, sun, breezy. Cooler for all. Fog increasing rapidly. I think it will lift tonight into tomorrow. Highs mainly 70s now and lo