>> maybe jim is going to have hair by the end of the show. >> the trends are not bad, the trends are through the roof. what's bad is they're going so much to mobile. >> hold on. the question was how is her vision different from all the previous ceos? is that the question? let's listen in. >> it's about improved execution and seeing the opportunities that already are apparent within our business. that means focusing on daily habits like search, mail, home page, mobile. it means investing in key verticals where we're already in a leadership position and we need to make the bridge to mobile. finance, news, sports, games, messenger, flickr, answers, groups. the core big properties here at yahoo!. i also think it's really important for us to be a terrific company to partner with. not only for our advertisers, but also for other technology companies. yahoo! occupies an interesting and unique space where we don't have as much channel conflict with other players in technology, as many of our other comparable companies. which means that we can partner with different companies with their brows

jim cramer said there's so much negativity even if cook promoted these guys you'd probably see the stock trade down. >> apparently ives and forstall would not sit in the same meeting room together. >> that's an issue. >> according to a story i saw in the "new york times" this morning he had been asked to sign the original letter that tim cook signed apologizing to everybody over maps and he refused to sign it and said this was, i don't want to say a temp nest a teapot but that was jamie dimon's issue but not worth apologizing for and now he doesn't have a job so he may wish he apologized. >>> we'll get the latest reading on home prices with the ca case-shiller report out at 9:00 a.m. eastern. the house postponed the release of the consumer confidence report until thursday. >>> ford released profits, ten cents above consensus. it reported record north american results with highest ever profits in that region. >>> we continue our coverage of hurricane sandy, and its effects on the markets. the weather channel's jen carfagno joins with us the storm's latest track. jen? >> andrew, good morni

and tomorrow, on the live futures now show, we'll have two very special guests, marc faber and also jim rogers. they'll join us in a double header, one of the highest order, that's tomorrow at 1:00 p.m. on futures now.cnbc.com. >> they call that a double negative, i guess. both of those guys bringing a lot of gloom. jackie, thanks so much. >>> and next on halftime, they say a zebra can't change its stripes. what about one of wall street's biggest bears. we'll find out. oh no, not a migraine now. try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a pro. [ male ann

let's go to chris. >> caller: hey, jim. big booyah from westchester, new york. >> my sister is up there. tell her i said hi. >> caller: i will. zynga and activision. do you think that activision could have a record fourth quarter? >> i don't like that division or that business. zynga too early to get into zynga. >> let's go to steve. steve-orino, you're up. >> caller: nice to meet you. >> how are you? >> caller: first off, i'd like to thank you for encouraging investors to manage their own money. if i can do it, anybody can do it. my question, to the t-mobile, pcs deal. i would like to know, how will this affect the telecon industry? >> this is my theory on it. thank you for the kind words. i think t-mobile will merge with psc and bring it public and that will get it off telecon sheets. that's important. they don't want anything to do with t-mobile and that this is a way out. i don't think it will affect us so much. >>> ike in new york. >> caller: hey, jim. how are you? >> real good. how about you? >> caller: good, good, go

. >> we will >>> i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. >>> hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you money. my job isn't just to entertain but to educate and teach you. call me at 1-800-743-cnbc. what would happen if a presidential contender ran on a platform that included as essential ten that he wanted stocks to go higher? what would happen if either presidential candidate came out and said, i think the stock market should break out to all-time highs and buy! i'm going to do my best to get it there. that's something to ponder on the night of the first debate n a day where the averages couldn't punch their way to be higher. dow gaining 12 points. s&p climbing .36%. neither candidate has articulated such a view. but

jim, always great to see you. thanks so much for joining me tonight. >> good to be with w you, maria. >> i want to ask you, we've been talking about the fiscal cliff and how 80 ceos got together to send a letter to send it to congress to say, we need to act urgently in terms of cutting america's debt. would you be poised to sign that? are you aware that this has become a real urgent story for corporate america? how do you feel about it? >> i signed the letter, maria. so, yes, i think that the debt level of the united states government is a major problem and want fiscal cliff is a major problem and it has to be dealt with very quickly by the politicians in washington. >> i mean, it is extraordinary it's business once again raising the red flag, and we're still waiting on our so-called leadership to do anything about this. >> well, what's happened, in my mind, is that the american businesses balance sheets are in very good shape. the american consumer has improved his balance sheet dramatically in the past four year

i'm jim lehrer of the pbs news hour. i welcome you to the first of the 2012 presidential debates between president barack obama the democratic nominee and former massachusetts governor mitt romney the republican nominee. this debate and the next three, two presidential, one vice presidential, are sponsored by the commission on presidential debates. tonight's 90 minutes will be about domestic issues. and will follow a format designed by the commission. there will be six, roughly 15-minute segments with two-minute answers for the first question. then open discussion for the remainder of each segment. thousands of people offered suggestions on segment subjects or questions via the internet and other means but i made the final selections. and for the record, they were not submitted for approval to the commission or the candidates. the segments as i announced in advance will be three on the economy and one each on health care, the role of government, and governing. with an emphasis throughout on differences, specifics, and ch

hi, rick. >> hi, jim. psyched to be back. 66 billion in supply this week starting today with threes. so today near 1:00 p.m. eastern they close attention. our trends are down several basis points. if you look at the boons, they are up several but remember the fact that the bond market was closed yesterday, it is still apples to a apples. net change from friday the way i'm doing for our tenure, it's also down several basis points very similar. we all know that this morning the images from greece, nigel on "squawk box," i urge you all to go back, he tells it like he sees it. many of the issues brought up on the weakness of europe and the reforms when you really dig under the surface are part of the reason the euro is getting tagged today. and the euro gets tagged, the reverse image of the dollar index doing better but another issue also obviously thinly traded but as you look at the intertrade of tenures in spain, they are up ten basis points. back to you. >>> let's go to sharon now. >> jim, why are we talki

>> caller: hey, jim. i was just wondering, should we embrace the increasing popularity of etfs as a way to mitigate market volatility? if so, which ones would you recommend? >> the only etf i'd recommend on the show is the gld. and why is that? because that's gold -- i want to own the best. etf gives me the opportunity to own the worst with the best. i think one thing i've learned is being able to pick which ones are better, which ones are worse. that's what i want you to do. i can teach you to do it. daniel in texas. daniel? >> caller: hey, jim, boo-yah to ya. >> i always want to do the show from baylor. what's up? >> caller: well, i was in a real money portfolio management class and one of our key tools of trade with the p.e.g. ratio was to find the most valuable spots for the fund. i started looking towards the price, cash flow and free price the cash flow. do you think a price cash flow for -- >> i'll tell you -- look, i happen to like the p.e.g. ratio, but i look at myself when i analyze a company, i

that, the first one i'm going to mention, stephanie link, i'm going to want you to channel your best jim cramer when you hear this, and that's going to be sherwin-williams. if you look at some of these names -- >> a tremendous run. >> almost all the names i'm going to mention are great runs relative to the market. remarkable relative to the market because people have been hiding in them. sherwin-williams, ross stores, home depot. fabulous companies we're talking about. look at gap stores. look how well it's done. look at disney. here is one that hasn't performed as well relative to the market but still could be considered expensive based on the price of earnings multiple and other issues people consider like cash flow concerns and that would be verizon. just a name to keep an eye on. again, if people want to move out, this is all a 60 to 90-day rotation out of into something else -- >> which is interesting. you take each one of these individually, right? let's take -- ross stores was on your list. >> ross store is on the list. >> up 30% year-to-date. they raised their guidance last week.

i'm jim cramer. see you tomorrow. hey, larry, what are you looking at tonight? >> thanks, jimmy. superstorm sandy is winding down, but the effects linger. i'm larry kudlow, this is a special edition of "the kudlow report." sandy, the road to recovery. >> while sandy is almost gone, she's not forgotten, as the east coast starts the healing process. >> in sandy's wake, towns destroyed. homes under water. millions without power. but today, wall street is back to business, and the pivotal election is just days away. tonight, cnbc assesses the damage and looks ahead to rebuilding. sandy, road to recovery, a special edition of "the kudlow report." >>> here's what we know two days after the killer storm called sandy hit the northeast. u.s. death toll is now at least 64. a second new york city hospital, bellevue, has been evacuated because of power and flooding issues. >> lower manhattan still a crippled zone. the markets were able to open today, but there's still flooding damage down there and also very dark streets. >> so in the metropolitan area, the recovery is a struggle. the availa

>> caller: hi, jim. this is eddie from brooklyn. >> i was there in brooklyn last week, i love it there. >> caller: okay. i never miss your show. but i have a question for you. what is your opinion of lej now that they're working with j.c. penney? >> well, they've been a terrific performer. and it's got some automotive. this is a stock that herm green burg and i have agreed on. really well run company and i value his judgment on whether a company is doing the right thing or not. let's go to joy in my home state of new jersey. >> caller: how you doing? >> real good, how are you? >> caller: i'm great. well, i became interested in generack holds but i figured there would be disruptions in the power grid. i gave it a miss and it's had a great run. so jim i'm just wondering if your opinion is it a buy at this time? >> i don't know. i don't know. i always presumed if you wanted to do portable generator the only play in town is cummings. we have to find by thursday whether this is a bull or a bear. i promise to

snack packs, slim jims and jiffy pop. from favorite snacks to healthy choices, maggert foods is behind some of america's biggest brands. after reporting, it went from hot deal to a hot stock. can they continue to serve up more profits? nbc universal's healthy week continues as kramer talks to the sea of next. later, debit or credit? sometimes stocks just want to go hire. all this week kremer is using his over 30 years of experience to help you uncover these chosen fields. stick around. jim is reviewing two anointed stocks he's adding to his 4 cue hot list. plus, fuel for thought. energy, our lives revolve around it and so do the market. with concerns about global gross growing, will this commodity wreak havoc on your portfolio or is it primed to heat up? kramer drills down on the technicals when he goes off the charts. all coming up on that money. >> don't miss a second of mad money. follow at jim cramer on twitter. have a question, tweet-tag mad tweets. senden e-mail sim at bunney @ cnbc.com or give us a call at 1-800-74

jim, good to talk to you again. good morning. >> good morning to you. >> i'm just going back and reading the story you wrote in the "journal" a month after the fact and you quote felix rodden, quote i think we came within an hour of a disintegration of the stock market. i wonder if you think that lesson has been lost over the past 25 years? >> well, when you see something like the flash crash and that sort of thing you have to won. i mean i reread the story myself. boy did that bring back a lot of memories. it was a catastrophe. we relied on the old specialist system in those days on liquidity. they stepped up and kept buying but they ended up with these massive vince of stock and didn't have money to pay for it. that's why the next day they couldn't keep going. the fed weighed in, put pressure, the white house intervened, and it's fascinating move in a thinly traded index that to this day saved the entire market. but today, you know, we have a lot more liquidity down there yet you still see with the computerized el

jim referenced ubs. that was enormous news we got. there was reporting about 10,000 people buying ubs. more importantly, the effect of shuttering of their fixed income business. they are keeping small parts of what is fixed income unit within the investment bank. ubs making a decision to get out of the fixed income business. we have talked often here at this very desk, jim, about the lack of profitability any longer and fixed income businesses for so much of wall street given not just dodd-frank but the capital free rule. they have taken r.o.e. down for these businesses. i wonder whether this move by ubs to say that we're done, we're out, is going to potentially give others at least a thought that perhaps we might consider that road when you look at ubs stock price trading up the last couple days up 12% all in both before and we knew this announcement was coming and after the announcement. does barclays say why are we in this business? >> after that quarter don't you think they should? >> when they have a big wealth management busines

jim, let me kick this off with you. talk to us about what you're seeing in terms of the backdrop earnings as well as economic data and how they fit into in terms of the valuation of this market here. what do you want to be doing? >> we're long-term investors, and we're fairly optimistic that this thing's going unfold fairly well. right now we're kind of held in the cross currents of earnings reports and the anticipated election, the uncertainty that goes with that. we think once we get over the election hump that the market's going to look a lot better and then -- >> this is jim moffitt speaking, right? >> yes. >> so you're optimistic long return. jim bianco, any thoughts on that? >> the earnings numbers right now this quarter, they're not good. about 60% of the companies are beating estimates. that's the lowest number of companies beating estimates since the great recession ended. only about 30% of companies are beating revenue. that's a 15-year low. it's worse than it was in the collapse of 2008. guidance hasn't been

. >> that was marc faber talking to jim rogers on the new line known as futures now. it's live streaming dedicated to futures trading every tuesday and thursday at 1:00 p.m. the show is also available on demand at futuresnow.cnbc.com. learn what they do when they're at the clubs in bangkok. you would have thought it was a conversation between carter and khouw. >> conference? >> conference in the disco. all right, time now for the final call, the last word from the options pits. mike khouw, why don't you kick it out for us? >> sure thing. buying calls is a sure hedged way to make a bullish bet. >> scott. >> this week's web extra is all about stock's replacement and app. we take our first question from facebook. >> and dan. >> follow us on twitter and find out what i use. >> it looks like our time has expired. i'm melissa lee. for more "options action," go to our website. see you back here next friday. meantime "money in motion" is up right after this. and you don't want to miss it with thinkorswim by td ameritrade. you get knock-your-socks-off tools, simple one-click o

and he made billions of dollars for i'm jim cramer. i'm see you tomorrow. >> hey, larry, big night. final debate. what do you have lined up? >> thank you, jimmy. tonight's debate, the strongest national security and the best foreign policy we can have is to base it on strong economic growth at home. good evening, everybody. i'm larry kudlow. this i is "the kudlow report." you're looking at live pictures from lynn university in boca raton, florida, where in two hours president obama and mitt romney will square off in their third and final debate. two weeks until election day, and polls showing continued romney momentum. could this be obama's last stand? the terrorist attack on our embassy in benghazi will be one of the phonus points of the debate. joining us now from the debate site, ace reporter cnbc contributor robert costa, "national review." robert, what is team romney telling you about tonight? >> reporter: team romney is very optimistic about tonight, but they know it will be a break-even debate. this is president obama's best subject, foreign policy, romney is a governor and b

jim talks with the founderer. plus visa made it to the hot list. he has two more plays he expects to continue to climb until year's end. how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. when you take a closer look... ...at the best schools in the world... ...

jim cramer joins us right now. jim, i know david's got some more news on the sprint story, things he's been following up on but we also just got that jobless claims number, which was a drop of 30,000. came as a big surprise to people. >> you got to blow up everything because of the sprint news. david faber owns that story. watch for clear wire, that's up big. i don't trust that common stock. jobless claims, keeping with a number we saw last week that was a survey number. i defer to steve leisman on this because he's been the most honest reporter on this and knows more than anyone. obviously it is a good number. this blankfein interview can be seminole today. i want to know what he thinks about this tell-all book. goldman sachs doesn't have tell-all books. these are all big things today. i'm shock it's all coming together all at one time. 12:30 today. i'll stop paying attention to the tape. >> i don't think you're going to stop paying attention to everything. i think you got about seven eyes you can be following dif

jim cramer joins us now. i guess what i ask you, given friday and all the scuttlebutt over the weekend, and c caterpillar, is this something new or we know it? >> we know it. there's a pervasive gloom. it's exactly what you want, night beat, good dividend and the stock was down. that knee-jerk reactions tells you, look, people are negative. they're going to ring the register on anything. you know something, joe, we're in some sort of quick funk here and we can't get out of it that quickly. i think it's overdone already. guys who want out of this thing real bad. >> revenues are nice, but the market itself, jim, is there some type of separation between where it should be and where it is because of easy money around the world or can it tread water and everything can catch up to it? because we're below potential. we can catch up to the stock market. >> i totally agree. when you go through the quarters last we're, i had the misfortune of reading these press releases, europe is not moving, china is stalling. it's l

. >> jim cramer is a huge costco fans. they have all kinds of scavenger hunts you can go on to find all kinds of good deals. out with better than expected earnings. >> every quarter since its first, you always see the financial press say oh, it still matters. i have yet to see a quarter where -- >> actually, this quarter i think matters more. >> china is interesting, but it's benign. >> but after word from the imf bank -- >> but they did lose money. back out the settlement they had with bahrain. in global market news, china's central bank governor will not leave the chinese delegation at the semiannual imf meeting in tokyo this week. the decision is a snub to the host country japan. the skipped meeting follows a deterioration in the relations between china and japan over their competing claims to some islands in the east china sea. the fight has been marked by violent protests and calls for boycotts of japanese products in china. other news on china, a u.s. congressional panel will probe a new wave of complaints against wa

i'm jim cramer, and i will see you tomorrow! hey, larry, what are you looking at tonight? >> all right, jimmy. former fed governor, former bernanke right-hand man kevin warsh, he's coming here to tell me whether a new president romney could have any quick effect on interest rates and the fed. good evening, everyone. i'm larry kudlow. this is "the kudlow report." we begin tonight with this. how in the world can the president and the secretary of defense leon panetta, knowing we were being attacked in benghazi, not send heavy firepower to save the lives of the men? we know tonight that the white house, the state department, and the defense department all new in real time about that attack. meetings were held. nothing was done. instead, four good men died. and still today the white house is sticking to their cover story. we are doing this because it stands to the credibility of our national security and that of the administration. and this evening a new timeline has emerged from e-mails sent from the state department to top national security officials, including the white hou

>> caller: hi, jim. jim, with "twilight" coming november 16, my stock is lionsgate. >> i think it continues to creep up over time. it will get there eventually. matt in texas? >> caller: what do you think of united health? >> insurance is good. the growth in the economy is real. let's go to kevin in new york. kevin? >> caller: boo-yah, jim, sticker ttsh? >> man, that's too hard for me. i'm going to take a pass on that one because those guys have been hit or misses. i need you in accenture. >> caller: jim, how are you? >> good. how you? >> caller: good. my stock is aet. >> buy, buy, buy slams. >> stephanie link and i were kicking ourselves. why didn't we buy aetna? why didn't we buy aetna for the trust in let's go to janice in pennsylvania. >> caller: boo-yah, jim. hartford financial? >> goes higher. >> buy, buy, buy! >> i know becky had a big interview. i want to see that interview. john in virginia, john? >> caller: i got crm, november 145 calls. >> wow, you know what? keep them. keep them. you're playi

greg. >> caller: booyah, jim. >> booyah right back at you. >> caller: jim, with the travel stock taking hate today, what is the future prospects for priceline, given the economic sluggishness, particularly in europe? >> well, remember, it's a beneficiary so far, hotels.com and i hate to put priceline in the same sentence as travel zoo. travel zoo has been defrocked here. i still like priceline. people are ringing the register to raise cash in the game. have you a list of stocks to focus on and process in earnings season. remember, the best short of the week, may indeed be if you think the president has got game to bet against peabody energy when you go to work monday morning. "mad money" right back. >>> coming up, check this spec. with 25 drugs in development, and a major fda advisory panel meeting next week, cramer is examining a stock that could be the next big thing in biotech. stick around. you can't afford to miss his prognosis. >>> and later, hot to trot? all this week, cramer's finding the stocks that the big money is most likely buying hand over fist and should continue to rise

welcome. >> thank you, jim. glad to be back. >> rick, your conference call depressed me, because you guys are straight shooters. wasn't like you said we had a great quarter, you point blank said, due to significant decline in revenue late in the quarter, both operating groups, key financial metrics came in well below expectations. explain to us how that could happen? >> jim, it was a combination of three factors, in order, first of all, the missing revenue. with less revenue, you have less growth. and second was you talked about it in the intro. the western regions, higher margin, higher calorie business overall. the business centralized in the west, a double whammy and gee dwrafic mix shift. stronger in the east. components business in asia had stronger sweshl grow eer sequen it exasser baited the shift from the west and all three contributed to the disappointing bottomline. >> when i heard about the bottom line, wow, the housing economy strong, auto economy strong, but we have worries about the gridlock in was

gloom and doom and jim rogers head to head. the first headline, faber hates apple. >> in general, optimism of investors and the headlines and everybody is an apple fan. everybody needs an apple device. i think, yeah, probably the stock has peaked out. >> all right. we covered a lot more as well, but then things took a bit of a wild turn. rogers asked faber about his nocturnal habits. >> i was in bangkok last night myself. i didn't see you at the disco. which one did you go to? >> i go to lower class discos. >> all right. be sure to check out the full interview at futuresnow.cnbc.com. it was wild. it was a good time. you never know what can happen. >> that is probably the best tease for your show. we're going to all tune in. thank you very much. okay. well, make sure you tune in next week tuesday and thursday 1:00 p.m. eastern for the live stream of "futures now." of course, you never know what's going to happen. >> as soon as that's over, tune into this show, which is

good evening jim. >> the stock futures are looking up. europe is good. we have very good numbers from bp and we have good insurance numbers. in our country ford 40 cents i was only looking for 30 cents. the bed spring maker, look for that stock decline. kroger spoke with the cfo this morning when i was talking with squawk on the street and it looks like they had a good month of october. take a hard look at the union pacific csx cold plays because i think that is a safer way to play coal. we talked earlier in the show about the coal chart and how they looked better than expected back to you. >> well, you thought sandy was done with. it has turned into a blizzard in west virginia. we have dispatched janell klein in snowshoe, west virginia. >> reporter: hurricane sandy has dumped two feet of wet heavy snow. 26 inches in red house, maryland with a state weigwide blizzard warning. closing schools in 39 counties and leaving more than 300 people in the dark tonight. the blizzard has closed 45 miles of a major interstate between the border of west virginia and p

executive in the country, really has put his life on the line as well as new york city police chief jim esposito. thanks for joining us. >> it's a great day. thanks to be here and talk to you. >> how important was it -- how does it feel to be grand marshal of columbus weekend? what does it mean for you, a man who started his own business from the ground up? >> you think about 520 years ago, columbus had a vision, he was an entrepreneur tried to do a venture capital deal with the queen of spain. more fundamental it lays the track of what u.s. is all about. the rule of law, the free market system, even with all the blemishes of the last few years, and then the ability to succeed and the vision of columbus and what we're doing here with this parade is to raise millions of dollars, which we do every year, and give it back to individuals that want to have an equal opportunity through school. we give that money to students, thousands of them, maria, and that's why i'm doing this. i want to continue to help contribute. >> you constantly give back. the money raised, $2 million for scholarships

. >>> coming up, one of the most respected names on the street, goldman's jim o'neill with a surprising take on the election. tech gets left behind as the markets melt up. but we found a smart way to play the tech wreck. and the debate, the election and your money. we found a way to trade the race for the white house. >> the judgment is back. see you later, scott banks. let's get to rick santelli in chicago with a look at the mortgage market. rick? >> absolutely. one of my favorites, robert country on the floor, been on the floor for decades, the way i used to be. the interesting topic, if you look at fannie, 30-year adjusted mortgage rates, theyment boo eb out around 1.70. they're currently at a high. and the average mortgage rate for a 30-year? >> right now the average mortgage rate is 3.5%, and it's interesting when you compare that to the fannie 2.5%, which currently trade at 2%. that's positive for the banks. being able to pick it up atnd sell it at 2%. it's interesting, what you basically have is fannie mae or fhaa. so fannie mae currently charges 28 basis points over the life of

you know jim grant. he would know what to do to work toward closing it down and he would quit monetizing the debt. but i've often made the statement that bernanke per se is not the problem. it's a system. he's just doing what fed chairmans always do, is they print money when the congress spends too much and everybody complained about greenspan, he kept interest rates too low, too long, so what was the solution. lower them more and keep them for eternity and that's what this qe business is all about. you can't solve the problem that greenspan gave us by keeping interest rates too low to too long by ac celebrating them lower than before, run the print presses forever and why isn't the confidence coming back and not working? >> the republican platform has a gold commission in the platform and i reckon if romney wins he would follow through on that. you served on one of those years ago. would you serve on another one? >> oh, sure. i would try to contribute as much as i could. sometimes -- and you recall the

have a seat, jim. >> thank you, jim. >> thank you so much. we had kind of a strange thing today, a bit of a fiasco. we've got all this new tech that everybody's excited about, the internet. and we've got a company that we all thought was doing pretty well. maybe not doing so well. maybe a slowdown. we also had a fiasco where a release was -- because of technology run amok -- done midday. it was terrible. but there's another kind of technology. it's the kind of technology you've exposed me here today to, timken. could you talk about the technology that is not the personal computer and is not the internet but is something that's putting people to work and you're having great success with? >> jim, timken's a technology company. as you said, we're 100 years old. we were founded by a guy who invented the tapered bearing. for 100 years that's basically all we made. in the last decade we've transformed ourselves and the transformation started when we recognized it's what we know, not what we sell that's important. once -- >> what's here. >> it's wha

. >> jim cramer remark this morning these 100-year storms is happening every few years. certainly there is a need for that dunk, you will come on and update us as needed? >> i will and i will be in very early tomorrow morning, so bob, if you're there happy to sit with you guys tomorrow and then we will have a very good lay of the land early tomorrow morning. >> good luck, duncan, hope it goes smoothly. best of luck. >> see you tomorrow. >> see you, guys. >> an interesting halloween morning, won't it? >> as you say, it is important for them to open on this, the last day of the month, for a variety of reasons. >> yeah the important thing is there are a lot of people who have, their p and l statement, report to their investors on a monthly base is and tomorrow is the last day of the month, some people want the opportunity, traders, to sell losers, buy winners or whatever trading strategy they want to do the final day call it window dressing on some cases, whatever you want to say and some people, too, it is even the end of the year for some funds and even more important. >>

. >> and jim, what prospect is there at this point for any resolution of the fiscal cliff before year end regardless who have is in the white house? >> i don't expect it to be resolved before year end. and i think the best scenario is a temporary stay of execution. go into maybe march or something where there will have to be some big decisions made both on tax reform and entitlements. but i think there will be a ton of uncertainty heading in to 2013. >> thank you again for getting up for us. be safe on your way back. and as mentioned, we want your hurricane stories. especially if you're on wall street. maybe you remember the last type the new york stock exchange closed in 1985. world wide at cnbc.co cnbc.com, @cnbcwex, as well. and still to come, cnbc's own scott cohn is in new york as hurricane sandy is about to make the landfall. we have big dreams. one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy d

i'm melissa lee along with carl quintanilla and jim cramer. david faber is at the economic summit in larue, texas. he'll join us from there in just a few minutes to kick off an exclusive interview with meg whitman. let's have a look at the futures this morning. we are seeing a positive bounce here. we are digesting, as we mentioned, last night's debate as well as jobless claims which came in lower than expected. the previous week was revised slightly higher. we are, of course, looking ahead to the jobs report on friday. as for europe, the ecb, as expected, holding the course on rates. we are looking at these headlines crossing from mario dragi. we'll monitor those as to where he will stand and the ecb stand on future rate cuts. >>> our road map starts in denver where president obama speaks this morning, trying to counter the widespread perception that he lost last night's debate. his in-rate contract down 7%, but do stocks have to start pricing in a romney rebound? >> the ecb standing pat on rates as expected as the pressure on spain to file f

jim, thank you, as well. >> thanks for having me on. >> jim o'neill. as far as european stocks are concerned, after good gains yesterday, a little softer this morning. ibex up a quarter of a percent. bond markets the key thing is that ten year yields continue to decline in spain. 5.79% just over 5% in italy. and on the currency markets, euro-dollar's rebounded. we got down to 1.28. nearly flat during the session. back up to around 1.29. dollar-yen coming in at 78.08. tom enders has called for a quick ending surrounding the proposed merger with bcht ae systems and eager to close the $45 billion tie up and ease concerns ahead of a uk regulatory deadline on october 10th. speaking in london, he said investors were reacting badly and the uncertainty can't go on much longer. for more we're joined by patricia in frankfurt. that's the question. he says the uncertainty complaint go can't go on, but that's all i see going on. >> absolutely. because so many parties have very big and important interests especially state interests in this potential merger deal. so

technology, as jim cramer has said very, very often, goes in cycles. technology tends to cycle especially heavily into the fourth quarter because people ramp up their buying of electric gadgets, gizmos, whatever, then companies also want to sort of get their new budget back in order. we have come down -- what is it? couple hundred points now from mid-september as bertha noted. the key to watch is going to be next week. will the companies that are coming out with their earnings confirm what we've seen with google, what we've seen with ibm, what we've seen with intel, what we've seen with microsoft. wait a minute. those are the big four, mandy. we're going to take a quick break. mandy, back at the heat wall. more on this market meltdown on a rainy friday in new york on cnbc right after this. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.

eastern, you get the exclusive with aubrey mcclendon and jim cramer. you saw a big bet on chesapeake today. what were traders doing? >> we saw someone buy a bunch of the october 21 calls. these expire late tomorrow. they paid 36 cents for them, versus the stock at 21.26. this is actually a really interesting way to buy a stock. you get to buy it on the close tomorrow. no harm, no foul. >> well, the cme group agreeing to buy the kansas city board of trade for $126 million. it opened up over 150 years ago, it trades red winter wheat grown in state. dennis gartman was a director for over six years. not in any of those pictures. >> was it 150 years ago? >> i was close to some of those pictures. >> was it duke & duke? >> absolutely. >> first of all, people have to remember the kansas city board of trade is where they started trading index futures. very important to remember, it was a straight -- a forward looking exchange. i'm saddened to see the exchange go. i've served on the board of directors, i was honored to have done that. my job was to explain to th

>> caller: yes, jim, boo-yah and how many more times, jim? >> huh? you got me. >> caller: i wanted to ask you about ford. >> oh, okay. ford, my friend doug kass, who writes for "real money pro" at part of thestreet.com, he took a position in ford ahead of the conference call. which is tomorrow. ahead of the conference call. i think ford and domestic is doing well. i don't like ford latin america, don't like ford europe, they have to retrench in europe if they're going to do anything good. i'm neutral, but doug kass says buy. tom in delaware, tom? >> caller: hey, jim, big boo-yah from little delaware. >> delaware, i love. a lot of friends there, what's going on? >> caller: jim, i watch the show almost every night, 6:00 and 11:00, sometimes record it. i've learned a lot from you. >> thank you. >> caller: this stock costco has me bamboozled, the stock goes up, i bought it, tanked immediately. what's up? or should i say what's down with costco? >> can i say that's not an acceptable situation in this market? do you know that broadcom reported a beautiful

let's go to alex in new jersey. >> hi, jim. booyah. >> thank you very much for helping us fied help ing figuide us through these in developments. dov, i bought it in the past. >> it is doing a lot to bring up value. but it is like the phillies here. but you have to wait until next year. >> john. >> john in florida. jim, a month ago you mentioned dvax. can you give me an update? >> yeah, it is a speck. but it is a speck like icis. it is bringing the stock down and now i'm nervous about it. these are specks. it is a technology and i like it as a speck. and that is the conclusion of the lightening round. >> the lightening round is sponsored by td ameritrade. >> coming up, time for a turn? there is something lurking in the charts of the s&p that could mean a big move is in store. cramer is helping you get ahead of the next swing in the new edition of off the charts. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog bar

just for you right here on "mad money," i'm jim cramer and i will see you tomorrow! hey, larry, time for your big predebate special. it's going to be terrific. >> free enterprise versus government planning. it's the debate of the decade and it happens in just a couple of hours. good evening. i'm larry kudlow. this is a special edition of "the kudlow report." you're looking at a live picture of the university of denver. 8:00 p.m. eastern, president obama and mitt romney will face off in their first of three debates. we have an all star panel tonight. former congressman rick lazio and former clinton white house aide keith boykin. and herman cain tells us what it's like to debate kevin madden. it's all about leadership and leadership means taking control of the conversation. that's just my advice. in an anemic overall economy, we've seen some positives in recent days. the ism services surprised on the up side today, 15 million car sales yesterday and of course stocks have been rising since a year ago today. the s&p is up 32%. so things can't be all that bad. how will th

jim, i need to give you a shout-out. you were right. you recommended that only a month ago and they bought it. >> september 18th. he spent 2.9 billion and it's more creative than i thought. the divisions that he runs of calvin klein, jeans and underwear, remarkable underperformer. it's a huge win. stock up gigantically. >> now they can wear a shirt. >> they have the whole top to bottom outfit. this is just a total win. you remember tommy hilfiger is why they had growth. starting to run out of growth. >> what's the vibe down there in terms of volume and a sense of being back in the building? i saw tweets and pictures of darkness around the new york stock exchange. >> it's tough to illustrate right here from here from our cameras because this building is the only building that is lit for a two or three-mile square radi radius. they loaded fuel trucks. 48 hours on a single truck of fuel. reloaded in necessary. you heard about connections that will affect internet trading. it will be interesting. when you trust the infrastructure as you tra

welcome. >> thank you, jim. glad to be back. >> rick, your conference call depressed me, because you guys are straight shooters. wasn't like you said we had a great quarter, you point blank said, due to significant decline in revenue late in the quarter, both operating groups, key financial metrics came in well below expectations. explain to us how that could happen? >> jim, it was a combination of three factors, in order, first of all, the missing revenue. with less revenue, you have less growth. and second was you talked about it in the intro. the western regions, higher margin, higher calorie business overall. the business centralized in the west, a double whammy and geographic mix shift. stronger in the east. components business in asia had stronger sequential growth, but it exacerbated the shift from the west and all three contributed to the disappointing bottom line. >> when i heard about the bottom line, wow, the housing economy strong, auto economy strong, but we have worries about the gridlock in washin

as jim cramer would say, always a bull market somewhere. bank of america is suggesting that you should buy strauman, a medical devices operator over in switzerland. that stock has done well. there you go, up 8.5%. and belgercom -- belgacom, deutsche telekom in belgium, raising estimates for next year. >> have a great weekend,citement -- weekend, simon. >> thanks. >> pleasure. >> let's get to rick santelli at the cme talking bailouts in europe. >>> of course, it's a big topic. and our head guest is dimitri. my first question is a simple one. let's start with greece and go to europe proper. do you think the current bailouts and revised bailouts and new bailouts ultimately going to work and save greece? >> i would say the simple answer is now. but you know, the european leaders haven't understood this. they applied the first bailout, and the results were abysmal. unemployment is unprecedented. people have 25% unemployment, their poverty is at the all-time high, and also i have the social conditions that actually deteriorating. there are more s

tweet jim #madtweets. send jim an e-mail. or give us a call at 1-800-743-cnbc. miss something? miss something? head to madmoney.cnbc.com. >>> the lesson this earnings season is not that all companies are doing terribly. that is not the right take away. there are some silver linings. you need to know where to look. dupont, giant chemical company missed numbers in a major way. just because dupont disappointed doesn't mean that every other chemical company is doing badly. when you consider how bad dupont was, some of the positive results seem more impressive. ppg is a long time cramer fave. makes all kinds of coatings. the big difference between ppg and dupont, ppg have been more aggressive about moving away from commodity chemicals and focusing on value added chemicals that can't be easily duplicated. they are working with georgia gulf. that deal will complete ppg's transformation. but even though the deal hasn't happened yet, ppg posted a five cent earnings beat off a $2.19 basis. revenues were basically flat. that was because ppg took a 4% hit on foreign exchange. they saw a he

jim paulson joins us now with his outlook. welcome back. >> thanks, scott. >> face of all of this, you still have a pretty aggressive target going into year's end. >> i do. i have been at 1500 all year and i think that's a reasonable target for the s&p 500. we could well take out the new all-time highs next year, and i guess i think there is two big things, scott, many things that affect the market of course. we'll get by the uncertain election and beyond the fiscal cliff, and i look at two big catalysts going into next year. one is we have to get the emerging world economic recovery going again and secondly we need to develop an attitude in this country that the u.s. recovery is not just on life support from the fed but a sustainable inherently growing animal. i think we might accomplish both of those. the chinese officials have been bizly working and dropping the shibor rate to slightly over 3. the real money supply is rising in that country and with a year's leg i think china might pick up in the early part of next year. if

for "hunger games" dvd which is obviously a blockbuster, our package media side did a great job and jim packer on the digital side is sort of setting records. most of that money comes in october, which is in our third quarter. but i'll tell you we're comfortable with the directional guidance we gave with the $900 million of ebitda over the next three years. so, again, our story's pretty simple. we want to delever dramatically. that's part of the reason we took cheaper money right now and you'll see us continue to do that which obviously that won't affect your ebitda, but your earnings. >> everyone's looking forward to "catching fire." i am. >> to what? >> "catching fire." >> get with the program. >> i am too. >> started production, right? >> it did. i was in atlanta thursday night and picked the right night to be on the set. francis laurence is directing the movie, looks like a giant blockbuster, which we sure hope it is. but we also have other things in our pipeline like "divergent," which is a book series we bought and a trilogy of books and it's outpacing both twilight the series of

at 8:30 eastern time, we will be joined by jim grant. we're going to talk about the best investing strategies for the rest of the year with him. first, let's get you up to speed on this morning's headlines. over to andrew. >>> friday we'll get the government september jobs report. could be a game changer for the election. we'll get a hint of what may be to come. the employment report coming at 8:15 eastern time. poll forecasters say the economy likely added 155,000 private payroll jobs this month. we'll bring you the number and get you instant reaction from joel prakken. in corporate news, richard schultz is pressing forward with a possible $11 billion buyout of the retailer. schultz and at least four private equity firms have reportedly started examining the books of the economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be ma

jim you hit it when you said why now? what happened with this and why did not isn't the company giving us more insight? >> i don't know, corbat is a straight shooter. so is havens. he's an acknowledged straight shooter. i'm focused on the fact that this team was built by pandit. they stayed with pandit at a time when people felt the bank was falling apart. david, you know that this organization was finally getting on the right track. to me this was the exact wrong time for pandit. >> we can sit here and speculate. i've been trying to make calls, becky of course, as so many others have back at headquarters in terms of figuring out what happened. there's no doubt i think we can say that he was forced out. i think that is clear. others may say oh this was something in the works. this was not in the works. >> no. >> i've talked to a of senior executives at the firm who i know well, all of whom were shocked by this, but they're also looking for answers, by the way. >> right. >> so we will get them i'm sure, in time. perhaps mo

jim is right. when bernanke's term comes due in january 2014, chances are he's not going to be asked back. however, with lower taxes, you'll have people going out to spend money. that helps earnings. that helps the fundamental argument. stocks are going to do great either way. >> debra, what do you think? >> i would tend to agree that if we have obama staying in that the market will be under pressure next year because now they're not worried so much about re-election. they don't have to worry so much about making friends with everyone, that they can go back to doing what maybe they need to do, which is back off on the fed. if we lose that fed juice, then the market could pull back. but that's next year. i think right now going into the end of the year, i think the market's going to do quite well. >> you're not worried about the fiscal cliff? some people have -- goldman sachs and morgan stanley have specifically looked at the fiscal cliff and said it's decidedly problematic for the fourth quarter an