Row. Gold edged up 3 dollars and oil fell a dime. Jp morgan has a tenative agreement to pay 4. 5 billion dolalrs to settle claims with investors who lost money on Mortgage Backed securities in the housing crisis. On capitol hill this week. Budget talks continue and janet yellen could be approved to become the next fed chair by the Senate Banking committee. This market continues to show strength. Larry shover of sfg alternatives join us on this monday morning. Good morning to you larry. Good morning. Its a yellen kind of a week but its also another week that we could see another record run. It could be. Last week was six weeks in a row of the market being up. A lot of people blaming it on the fact that yellen is somehowbut nothings really changed except they just reiterated the zero Interest Rate policy and how thats gonna be extended for a long period of time. Thats going to help underpin risk settlement. And yet crude has been on a losing streak. The biggest one weve seen in a long ti
There was a huge earthquake off the coast of canada. We will look the tsunami advisories but our happiest story of the day, the giants on the bripg of glory right now. This is the newspaper this morning and tonight is going to be the pivotal game that could give them the world series championships. We have a lot to talk about coming up. But first all right, Hurricane Sandy moving up the eastern seaboard with the storms outer bands lashing the Barrier Islands off north carolina. Right now the governor of new york, andrew cuomo, i halting a halt to all Public Transit in new york city at 7 00 tonight. It could affect 50 million people. Suetion mcginnis has the latest from the coast of delaware. Good morning, susan. Reporter good morning. There is no doubt this storm is coming closer. Here on the beach of delaware, the waves are getting larger and stronger and crashing closer to shore. We have the winds intensifying and is it raining at times. It is clear that sandy is on her way. North ca
Scott bauer of trading advantage is standing by. Good morning scott. Good morning angie. You have your eyes on stocks to watch in 2014. Lets start with the financials. What would be your pick in that sector . The financials are really what have led this market higher in the past couple of years and now that weve already seen one tapering with more to come, rates are going higher and quite frankly the banks make money when rates go higher. I love Goldman Sachs, i love jp morgan, i love the entire Financial Sector so if you wanted to play it just on a macro basis, you can go into the etf or the xlf, but really goldman and jp morgan is what im watching. What would your play be on the consumer and Consumer Spending just for everyday goods . The Economic News has been pretty good. I like the Consumer Staples industry. I like the procter and gambles of the world. I like cocacola quite frankly. These consumer staple stocksthe ones that have just not really outshined the market but have just t
Years violent eviction. But this time they are hoping for a more peaceful demonstration. Cbs 5 reporter cate caugiran live at Frank Ogawa Plaza now with how the city is preparing for todays protest. Cate. Reporter frank, michelle, we know that businesses in the area have actually started to board up their windows in anticipation of tonights activity because we know if things pan out like in the past, anything can happen. Lets look at video in last year. This day last year Oakland Police officers raided the encampment Getting National media attention. Protestors streamed the event live online. We saw hundreds of protestors clash with Oakland Police as they used tear gas to try and disperse the crowds. Today occupiers are vowing to take back the area. The spoke with an organizer who says all the events are peaceful today and maintain that occupy movements are always intended to be peaceful. Mayor quan says while they dont anticipate a big crowd the city is prepared for anything. We think
It around risk. The Risk Management 101 would be built on that and once you start that program, it would go into different disciplines because there are operational Risk Management, never lose sight of the business. Thats the key. Earlier this year, we had recreation done by some department of Defense Cyber security folks about the cyber attack on estonia a few years back. They took us through what happened had happened and the. Ystems that were shut down people began to riot because they couldnt get their money. And military folks, they worry about our Banking System. So what is happening, bernadette, to protect our Banking System today and what is going to have to happen in the coming year. What i definitely think and companies in general, we need layers of security. When youre building youre security, it is one of the first things that comes into building the program so you understand what the program is meant to do and security should be not, as i said, it should have been one of t