First though, that big hacking news. A News Conference set to get under way any moment now. We have the details from d. C. Earlier today u. S. Authorities unsealed this massive 68page indictment alleging a global hacking scheme against j. P. Morgan, wall street journal and a host of other companies and institutions in the United States. This scheme, according to the indictment, involves hacking attempts against major financial companies, attempts to manipulate individual stock prices and also a whole host of other alleged criminal activities including running illegal internet casinos and illegal distribution of pharmaceuticals. A big Coin Exchange and a host of other activities around the world. The three men indicted here are jerry shalom, jash what samuel aaron and israel, United States and russia. You dive into this, what you see is a picture of a vast global hacking scheme that had pockets in all corners of the world including a server in egypt that was used to allegedly hack into j. P. Morgan. And then take a look at this exchange here. This is one of the little bits of color of what life was like inside this conspiracy, algdzly. One of the conspirators asked another one, is it popular in america buying stock . Here was the reply from gery shalom. He said its like drinking vodka in russia. Were expecting to learn a lot more from u. S. Authorities in this press conference about how expansive this campaign was, what they know about these individuals who conducted it and where we go from here. But a massive, massive hacking attack that affected millions of americans. And thats moments away. Well begin that News Conference shortly. Bring it to our viewers. Thank you very much for setting it all up for us. In the meantime, while we wait for that News Conference, lets take a look at how stocks are doing. They continue to be under pressure right now. One Sector Holding up is consumer discretionaries. Its up 11 year to date. Slightly higher today. There say big divergence going on though. Dominick chu is here to explain. Its about the internal whats is happening with Consumer Discretionary. It encompasses so many stocks that people spend money on. Retailers, specifically, are dragging things down. This is why people are paying attention. Check thought chart. This is just again over the course of the past year to date period. You can see the Consumer Discretionary sector up 11 . The Retail Stocks as measured by etf that tracks, the spider retail etf. That is down 6 . If you take a look within the holdings of that etf that tracks the Retail Stocks, a number of names popup as big drags and have big market cap along with them. Walmart, 187 billion company. Its down 32 . A big drag for retailers overall as an industry group. Dollar general and the dollar store side about, a 20 billion company. Also dragging things down 7 . And then macys, of course, we get that big Earnings Report tomorrow. Dragging things down by 29 about, a 15 billion company. At this point, remember, all of this is about whats happening with the retail earnings coming up. Theyre going to provide a big picture. Wednesday is macys, thursday is kohls and nordstrom and then friday j. Cpenney and then octobr retail sales. Remember, were entering that seasonably strong all important Holiday Shopping period. These stocks are all going to be huge focus for those Consumer Spending fans out there. Back to you. All right. Thank you. General electric meantime, hitting a milestone. The stock at 30. Look at that. 30. 06. First time its been at that level intraday since wait for it, august 18th, 2008. Its not closed above 30 since june 10th, 2008. Lets get the trading action here in the u. S. Bob pisani joins me. Before i goat ge and the milestone, i want to point out were still waiting for mcdonalds to open. Post is here. You can see the crowd Still Standing around waiting. This is their investor day. We dont know what theyre going to announce. There is some speculation maybe. They might announce something regarding the real estate division, maybe forming a reet. They have a big breakfast plan all day. Maybe theyll increase the dividend. We dont noechlt well find out very soon. Im sure it will reopen and well get the news out. Ge, youre right. The good news, its over 30 foifrt time since 2008. Heres the bad news, it was 40 not that long ago. It was 40 in 2007. It was over 60 back in 1999. It went all the way down to 6, too in, 2009. Its good news. Volume picked up in the last couple weeks as they went over and pass the 2009 levels. So it is certainly good news. Just remember, the price history of the stock. I want to talk briefly about the etf price war we got. Its heating up. Black rock which owns the ishares business, big business, has slashed fees on seven etfs including the core total stock etf designed to represent the broad u. S. Stock market. The fees are now 0. 03 which amounts to what . 30 cents for every 1,000. Its below schwab and vanguard. So whats this all about . Its about getting more assets under management. Black rock ishares thats 2. 7 billion under management. That is far below vanguard. So kugt the fees will likely bring in more assets and make up for the lower fees overall. And the important thing here is those people want more assets under management. By the way, total market means the whole stock market, not just the s p 500, but small caps and mid caps go in there, too. So youre literally buying into the entire market. Very popular wave right now, other than the s p 500 this is the second most popular way to own the u. S. Stocks. Tyler, back to you. As you and i know, the fees really do matter to your ultimate total return. At that level, its so small. Didnt even know that. Thank you. News alert. In the bond market, can your notes up for auction setting near new highs . Rick santelli tracking the action at the cme. Boy, has that tenyear yield riz ne risen in the past month. It certainly has. The winner is five year which on the first dave the fed meeting last time was around 136. It is currently at 1 170. The yield is 2. 304. The offer was 2. 305. We gave it a c minus on the trade. You have to go back to 2011 to find a better auction. Im sorry. Thats 60. 5 on indirects. The bid to cover is a little weak. 14. 3 on direct is strong. It was a b minus auction. Much better than yesterdays three year. Tyler, we dont have an auction tomorrow due to veterans day. Well come back with 60 billion on thursday. Back to you. All right. Rick, thank you very much. As we mentioned at the top of the broadcast, u. S. Attorney general u. S. Attorney speaking about his massive hacking scheme. Lets check in now. Maximize profit, in short, it is hacking as a business model. The conduct alleged in this case may signal the next fron tour in securities fraud. To steal material nonpublic information, something they discussed for the next stagest sprawling criminal enterprise. You can see that in the indictment unsealed. So thats the bad news. The good news is that the fbi and secret service have cracked this case and we aim to proveit in court. The indictment describes the three defendants. Gary shalom was the alleged leader and selfdescribed founder of the enterprise. Zib warrenstein, Opening Bank Accounts and creating Shell Companies and managing payments mng cohorts. And joshua aaron, reported to shchlt alon and participated in the computer hacking and stock manipulation scheme. Together they used cyber hacks into major global businesses to advance several different criminal schemes. First, as previously charged, shalon, aaron, and orensteen ran pump and dump stock schemes. They inflated the price of penny stocks and false trading and dumped the holdings before the rest of the market recognized the fraud. But for this scheme to work, the defendants needed access to a lot of names and contact information, people to whom they could pump the stock before the defendants dumped the stock. What they needed was victims. Thats where the defendants took the classic stock fraud scheme and brought it into the cyber age. They allegedly hacked into networks of seven mainlior Financial Institutions and two Financial News companies. Why . To get personal information for tens of millions of customers, people most likely to be engaged in significant stock trade. They then used that stolen private information to blast spam emails, falsely touting the penny stocks that they later dumped. So the valuable customer information they stole through the cyber intrusions helped generate for them tens of millions of dollars in stock fraud proceeds. In a way, it was securities fraud on cyber steroids. Second, for many years, the conspirators also operated internet gambling businesses that generated hundreds of millions of dollars in illegal proceeds. To protect this business, they allegedly sought to undermine rival companies by hacking and stealing their customer information and by distributing denial of service or Cyber Attacks on his rival networks. He allegedly even hacked into Software Development firms to spy on their employees emails to make sure they were not favoring his competitors. Third, he also allegedly oenld and operated Payment Processing business thats processed hundreds of millions of dollars in credit card payments for all types of criminal activity including the distribution of illegal pharmaceuticals, counterfeit software, and computer malware as well as with their own online and illegal bid Coin Exchange businesses. The conspirators used their cyber hacking skills to protect and advance these criminal enterprises also. For example, as alleged, he cleverly hacked into a Market Intelligence company that worked with Credit Card Companies to detect criminal conduct. They monitored and reviewed that companys emails so that he could say one step ahead of their efforts to detect the very type of suspicious conduct that his Payment Processing businesses were engaged in. And so turbo charge in a way by the cyber hacking activity, he and the cohorts, criminal businesses generated hundreds of millions of dollars in proceeds that they concealed in Bank Accounts around the world. You can see that graphic we depicted in this chart. As i said, he was hacking to enable securities fraud and Payment Processing in all different ways including in the two different examples, spying on the competition and monitors and in that case, engaged in hacking in order to find victims for the fraud and Financial Institutions and newspapers and you see that depicted there. So you see him walking through the criminal enterprise at the heart of this scam. At one point saying the advantages of the hackers here was that they were becausest hacking, they were able to read the emails of competitors. They were even able to read the emails allegedly of an Intelligence Firm working for Credit Card Companies that was trying to bust them and in the indictment here it spells out what they d they watched as the Intelligence Firm tried to process fake credit cards through their own processing channel. They blocked those credit cards and, therefore, stimied the investigation by hacking into the investigators own email theres. So a sprawling massive, really breath taking in scale cyber hacking operation here. Well monitor this and bring you more as we have it. Thank you for that. Lets get fwook what is happening with the stock market. Apple shares are under pressure today with a new report by Credit Suisse raising fees about demand for the iphone. The firm saying that apple reduced the component orders by as much as 10 . Credit suisse says the cuts seem to be driven by weak demand for the new iphone 6. Credit suisse maintaining the outperform rating on apple stock with a pricetag at 140. Today though, it is down by over 3 . Tyler . All right. Fascinating story playing out here on cnbc. Literally, in just the last hour. Research report helped take down shares of valiant. The short seller now targeting another pharmaceutical giant. He was speeg with scott wapner about the call on the halftime report. Left calling mallincrot a poster child. For years theyve been the poster child for the problems and price gouging. Its been written about numerous it times. And most recently, obviously with the valiant soap opera, it pushed mallincrot out of the news. Maybe it hasnt been as good of its turn into like a valiant soap opera. I figured its about time people actually start looking at mal n mallinckrodt. The amading thing is the insurance push back on this is not coming because of issues like this. Theyre not reimbursing this because they want doctors to practice evidencebased medicine. Not peer review studies or were okay for this indication but rather evidence based. So this is not valeant. This is worse. Take a look at mallinckrodt shares. They are higher at 62. 30. They are down a bit in recent times. Lets go to Courtney Reagan with the latest on mcdonalds having an investor day. Mcdonalds holding the investor day in the first couple minutes. He gave us three key pieces of news. The company is not going to pursue a reet structure. This is not a positive benefit for shareholders at this time. Second, theyre going to increase the number of franchises to 4,000. This was announced in may. And the company also have increasing the gna cost savings to 500 million. The previous estimate was 300 million. Again this just first couple minutes of the mcdonalds investors conference. We have four hours to go for more potential news. But so far that those are the three biggest points that weve heard so far. Tyler . All right. Thank you very much. Much prettier day out there than it was yesterday. Not so cloudy. The ceo of Mcdonald Steve easterbrook will be on cnbc tomorrow on squawk on the street. Dont miss that. Thats favorite on cnbc. Steve easterbrook. Talk of a deal in the railroads. Emerging again. What is driving m a action in this sector . Should you buy those stocks . Plus, the latest read on the American Housing market. The most and the least expensive Housing Market in the nation. Youre watching cnbc, first in business worldwide. Dont change the chabl. Equals great rates. Its a fact. Kind of like ordering wine equals pretending to know wine. Pinot noir, which means peanut of the night. Mylan is doconfident of the successful completion of an offer. That should be finished friday morning. And vodafone is moving higher with the mobile phone giant boosting the full year earnings outlook despite a first half loss. The outlook comes amid a recovery in the key European Market and product development. That stock up is by 3. 6 . Controversy swirling at the university of missouri following the departure of the president and the schools chancellor is moving to a new job. Phil lebeau is live in columbia with the latest. Hi, phil. Hi. There is a sevense of normalcy returning to this campus. There is no doubt that demonstrations over the last few days have had an impact on the 35,000 students who attend this university. They accomplished the goal. Is there any change in the atmosphere or it is going to take more than that . It happened earlier today. I think its a wait and see deal. I was very surprised that they would resign this fast. But im actually not surprised because of all the money that is going towards football and we couldnt not play the Football Game on saturday. He didnt really have a chance. The threat of a boycott about it Missouri Football Team and the fact that would cost the university at least a Million Dollars had an impact here. By the way, the Athletic Department brought in 83 plt 9 million last year, a profit 36. 5 million. Most of that money brought in about it Football Team itself, over 40 . 32nd most profitable or 32nd most revenue brought in of any university in the United States. Here is the Athletic Director talking about the rolfe the Football Team and this controversy. Certainly there was financial ramifications if we didnt play the game. That wasnt our focus. Its not hard to look at a contract and understand what those ramifications are. Away from the football program, what are the change thats well see here at missouri . The university is appointing a cheap diversity officer and there will be diversity education classes for all members of the faculty as well as incoming students. Again, tyler, there is a sense of normalcy returning to the campus here in missouri. Back to you. All right. Phil, thank you. Were watching the railroad stocks. Were seeing renewed m a action in the rails at the moment. 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