and president karzai s are prompting threats from the u.s. to withdraw all of its forces after 2014. the rescue operation is underway off the bahamas. these dramatic images from the u.s. coast guard show 100 people clinging to the hull of a capsized boat. the overloaded sail boat was carrying haitian migrants. it s feared as many as 30 people have drowned. 110 people have been rescued. those are the headlines at this hour. i m tony harris. real money with ali velshi. well, the housing market come back is alive an well. people are building, prices are risingish i ll talk to an expert what happens when mortgage rates start rising as well. big box retailers stepping in when banks won t to help americans renovate their homes. and banks and homeowners should have seen this one coming. i m ali velshi. this is real money. this is real money. you are the most important part of the show. join our live conversation using the handle aj real money on twitter. home prices ga
13.3% compared to september of 2012. that s according to the latest sip home price index, the most comprehensive survey of the housing market out there. the last time we saw gains like this was in february 2006 before the housing bubble was about to burst. since then housing has made a spectacular recovery, but homes prices are well below where they were at in 2006. we saw the largest near gains in the west. seeing homes prices shooting up 29.1%. los angeles, san francisco, phoenix, 18.6%. other regions saw big gains, too. atlanta, which was hard hit during the recession saw 18.7%. detroit, 17.2%, and once those hard-hit florida cities saw impressive gains of 15% each. now that s the case schiller report. a separate report put out by the government shows permits to build new homes rose 6.2% in october. that s the biggest jump for permits in five and a half years. both building permits and home sales are key indicators of gains. some thought the shut down madness in october wo
continent. retailing remodeling, invest for success, this is a sector under fire today. staples, urban outfitters, tjx, best buy, l brands, all getting whacked today. we ll talk to a person who believes he s the retail investor of our tile. first, though, to sue at the nyse. we are down triple digits, but we are going to start with a major recall announced by gm just a short time ago. shares are down almost 2.5% right now. in the last three months, the stock is down more than 7.5%. last trade on gm is 3352. phil lebeau joins us live from washington with details on the latest real. sue, it s a series of recalls from general motors. in total they come to 2.42 million vehicles. again, four separate recalls, two large ones and two smallers ones, all together a total of nine models are recalled or impacted by this recall. the years being built between 2004 and 2015. one recall in particular, for the cadillac escalade. general motors has stopped sales on 2015 versions of
alibaba is setting the stage for what is likely to be the biggest ipo in u.s. history. they are planning a three-confident roadshow for september 3. they are starting in asia. barclays might have to pay up to $3 billion to settle claims of misconduct according to sanford bernstein. they have been accused of rigging currency markets lying about dark pools and properly setting interest rates. we have breaking news on macy s. on whatman has more macy s is saying about their earning. standout has been a for earnings, but looks like this quarter was a misstep. six centsere $.80, below what analysts were anticipating. net sales did rise. they came in slightly short investments at 6.72 billion dollars. the company is still confirming its forecast for the second half of the year and said comparable sales were up by about 4% in the second quarter. that is also a relatively strong number. says in theceo statement that the sales trend improved that macy s and bloomingdale s. the first q
following the devastation of the two storms, the 60% damage to the agriculture sector, there is the possibility if not handled well that in a couple of months time there is a food scarcity issue. food price going up or by simply not being a table. that can create a distraction. i m using a very soft term of distraction because socioeconomic conditions can you terminate deteriorate. so we have to keep that in mind. i think the government is very much aware of that. the holding of the elections. i m very pleased that things have fallen in place, for now. we stand ready to assist in that process. and in terms of the message to the international community, i think we must be prepared as an international community to adjust our approach. and to be critical of ourselves. and to learn from the experien experience. there is need for reflection. there is need for an assessment. may be now is the time to assess three years o