in banking, goldman sachs keeps fifth third off the buy rating. not much moving in that stock if we have a whole bunch of stocks in baby bio pharma that are on the move this morning on mixed drug study results. more on that coming up later. farmersmarket.cnbc.com. where are we going, to sharon or to bob? sharon, to you. >> looking at oil prices that are under $69 a barrel. of course, all of the economic data include that jobs report we got on friday, that weakness there and the concerns about recovery hopes that has weighed on oil prices. but keep in mind we are also looking at a situation in nigeria which may have pulled down quite a bit here. nigerian militants have accepted the government's offer of amnesty taking so of that geopolitical risk premium out of the market. the dollar is weaker. the dollar weaker after the ministers did not mention the dollar weakness this weekend. we're seeing the dollar drop again. back of currencies and the euro rise. that may cause oil prices to come off the lows quickly. we're also looking at gold prices. gold

goldman sachs we talked about it all the time. jpmorgan, far more violent mover right now on a percentage basis. i'd keep an eye on jpmorgan right now. if you're looking for the place to be, you want to find it, something that's going to give you a bang for your buck, jpmorgan's moving much faster right now than goldman sachs. >> i have to ask you guy about jefferies, a name you've been positive on for quite some time. it was also among the camp that finished the day higher. >> go figure. >> do you think this is a fundamental move based on its business outlook or is this partly a short squeeze as timmy had brought up? >> i think a lot of people -- listen, people have been short this stock, they've been wrong. i think they have been squeezed they continue to get squeezed. fundamentally, i happen to think the stock is headed higher in the very long term. the valuations, though, right now given what i think is going to happen in the market don't make a lost sense. so if you're buying jefferies right now for a long trade i think you'r

goldman sachs pulling back about $10. and jpmorgan, names that we've liked on the desk but you have to have the protection when it is dirt cheap. the rest of the stocks were pounded today. volatility's are going up. protection is kicking in very nicely right now so you're able to sleep at night. but in the case of jeffrey's, now if you still want to hold onto it, if this thing's got more upside, why not own the puts? you look at the downside put right now, it's trading pennies for the 25 put. stock's trading $27. these things are trading -- the 25 puts are trading 40 cents. that's your insurance policy right now for jeffrey's. you are don't have to sell the stock. you own those puts, you can sleep at night and still participate to the upside. >> and just quickly, any buyers at goldman sachs on this desk with goldman breaching $180 a share? starting to look interestinterer no. >> we've talked about the reversal in goldman the other day. goldman reversed as well. we talked about it, and personally i own it but i think it pr

sax up goldman sachs. up 3%. >> what could you buy the stock back for in march, like 80 or something? the only two wall street executives charged so far go on trial next week. they were in court today for a pretrial hearing. scott cohn is outside the federal courthouse in brooklyn for a look at what is at stake. scott? >> what's at stake with no one higher up the ladder charged with blame. even on wall street few people have heard these names, but right now these two guys have the entire financial crisis on their shoulders, at least as far as the law is concerned. ralph managed those two bear stearns hedge funds that went bust in the fall of 2007 costing investors some $1.5 billion. bear stearns went belly up not too far after that. matthew worked for chiaffi as they managed these funds in the thick of the subprime melt down that they seem to know was going on long before investors did. they knew, it seems, according to the dime, that their funds were in trouble. april 22nd, 2007, in an e-mail matthew righ

goldman sachs upgrading big cap stocks in regional banks here. their argument is better earnings are coming for the big names over the regional names. but the stocks' performance has not yet reflected that fact. they're upgrading the overall group. in particular, wells fargo. wells fargo outperforming most of the day. let's go around the horn and talk to all my friends. mike? >> yeah, bob. we're picking up a little bit of steam here at the nasdaq right now. up 22 points. obviously it's not the financials leading the way higher here. it is tech overall. specifically, brocade communications, powering 18% higher at the moment, of course, on the back of the "wall street journal" report, that it's for sale. it's going to get bought. we're seeing shares of net app, suggesting that it, too, could be for sale. that's talk of a couple of deals. we actually have a real deal in the water. i'm talking about pool corporation. the company buying a privately-held pool supply company. it says that deal will start adding to earnings as early as next year, the sto

that goldman sachs report. great fundamental report talking about large banks. what's the best bank out there? jpmorgan. you buy the open, the open is 42.45 to 42.50. you use a stop on friday close at 41.86. you never have to look back. stock goes out trading 43.85. you take some off the table, holded the rest. doesn't get any better than that the way it lines up technically and fundamentally. >> got it joe, good job. on "fast money" we're always looking ahead to the trades just beyond the horizon. and an urban overhaul is taking place in cities across the globe. take a look. >> despite the hustle and bustle, here in the heart of new york's times square today this city's crowds are more tourists than strivers looking for new life. and while the big apple the growth spurts are cooling off the move to metropolises in the emerging world is just heating up. ♪ ♪ come on, baby don't you want to go ♪ every year the earth adds seven cities the size of new york. every day 180,000 people migrate to a city. and every minute during the next 20 years 30 residents of in

goldman sachs reports thursday. used to be gillette safety, you know that. can't really beat that. goldman sachs reports thursday. if they don't say they had the best quarter ever, honestly, they have to say it, the stock could get completely hammered. that's the opportunity. i think they are in the midst of a gigantic turn. if goldman sachs is bad, the whole market will go down, okay? if it's good, i think we can trade higher. goldman has been leading the market in either direction. it's the ultimate barometer of the stock market. we get an inkling on whether congress had its fill of health care. j & j, the brothers, johnson, comes out tuesday. they probably don't know strawberry letter 23. these are both the highest quality drug companies. i think when they report, it will be great numbers. if the health care debate is raging, it will go down, no matter what. then we can't overlook traditional tech. intel reports tuesday, okay. always big, right? the company can stoke the nasdaq fires with bert than expected numbe

remember this morning with you we were talking about goldman sachs upgrading the big financial names. that's not what's been dominating the trading. it's the dollar. you know what happened, folks. dollar down, global stock, multinationals up, particularly commodity stocks up. so as we hit the lows of the day, about 1:15, guess what happened? the big stocks hit their highs. very predictable relationship. take a look at gold. all the commodities moved up. copper, oil, gold. gold is nearing its old highs, folks. gold stocks and gold on the upside. copper and oil look the same way. look at the gold stocks. again predictable. you have the gold stocks moving up. all moving to the upside. there's your highs for the day moving sideways now that the dollar has stabilized. alcoa, freeport, all the big commodity names also moved up as the dollar weakened here and are sitting at their highs for the day. tradertalk.cnbc.com. mike, i know tech stocks aren't moving quite in the relationship, but they have been sideways sitting near the highs of the day. >> pretty much stead as she goes for the nasda

. >>> goldman sachs will receive $1 billion if cit files for bankruptcy. the ft reports the payment results from a structure of a $3 billion finance package that goldman gave to the struggling lender back in june. goldman would reportedly be likely to agree to postpone payment on part of that amount. benefitting from others' pain or helping in a time of need. your choice. >> good place. rio might be an hour ahead. but daylight savings time. >> well, i think it's the same -- is it an hour ahead or behind? >> a lot closer. 12 hours difference the exact opposite schedule. >> exactly. >>> the g-7 finance ministers are warning against complacency as the economy struggles to pull itself out of this global recession in a pulling statement after weekend meetings in istanb istanbul. unemployment continues to rise, they say government stimulus efforts have worked, but maintain it's too soon to start winding down the measures. >>> an international monetary fund committee announced plans to shift at least 5% of voting power from well represented countries to those wit

goldman sachs, jp morgan are the two that i'm kind of sticking with for now. but i continue to feel -- >> you're sitting up there in washington. you know how they make the sausage down there. you're willing to buy health care here when you see what's happen something. >> if you buy them on the valuations i think so. i'm trying to stay out of the, you know, the headlights. i'm trying to stay out of the truck headlights here of the most heavily regulated areas. they'll really haven't done very well and they still look cheap so i think there's money to be made there, certainly for the long term. >> what do you think about health care as we talk about the president eats plan to overall in. >> we're certainly nervous and i think there's a lot of that 45ed line risk in the stocks. once we get a plan, regardless of what the plan is, we'll have a sense of certainty and then we can price. plan in. >> that would make sense to see a rally once we know what the outline is. >> when bill clinton came into office in 1992, health care stocks were down about 30 to 40% over tha

amid a call by goldman sachs, basically putting a buy rating on some banks. the s&p trading up nearly 1% there. a gain of, well, better than nine-tenths of a percent at 1,035. the nasdaq moving higher as well, trading up almost 1%. >>> a huge victory here for brazil after it was awarded the 2016 olympic games on friday. ri rio e ree o rio de janeiro beating out madrid. founder and managing partner. great to see you, gentlemen. >> thank you. >> i'll begin with you. the fact that brazil was chosen out of all the other contenders, what does that signal to you from an investing perspective about emerging market countries right now. >> i think brazil is doing what china did in the previous games. they're making a huge signal to the international community that they have achieved and they have arrived to the global stage. the government is also instilling confidence in the people, allowing their citizens to now believe that they can compete on global standards. this is a huge, another move showing that the world is tilted towards emerging markets. >> you look at th

on the heel of a goldman sachs coverage initiation with a buy on monday. i think it would had been up a lot more of course if the market was not down 200. this a much overlooked bank that's turning itself into a powerhouse in the northeast and i think that you need to sit up and take notice. currently first niagara's trading at -- trading at a discount which trading at a premium. let's hear from someone who knows this great story much better than a do. john koelmel. >> great to be here. >> sir, first tell me you've made huge accusations in the last 18 months. >> uh-huh. >> how do i know that a lock port new york bank that was a small regional bank can handle all of what you've just gotten? >> well, the good news there is we've message loud and clear as last week to our newest investors. planning and anticipating the opportunity for at least the last 12 to 18 months. we're not huseling to play catch-up. we're hustling to build up the theergz we've worked hard to scale and sure we're ready to execute and minimize that excuse risk and take out any transaction

according to wire tap, he took bribes because he needed the money pi goldman sachs paid fors girlfriend to have an abortion, loaned him $1,000 and cosine on his mortgage. he denies any wrongdoing. >we should get the swine flu vaccine next tuesday. and just in time accurat. t.c. currently has localized cases. -- d c currently has localized cases. nd children are more susceptible to flu and infection kva that is why the prince william health system -- susceptible to flu and infection, that is why prince william of systehealth system he banded children. only adults and help the patients are allowed. let's see what is in store for the weekend forecast. >> temperatures have already surpassed yesterday's daytime high, currently at 67 degrees at reagan national airport. we have been watching t weather center all morning long. a cold front to the west. that will impact tonight into tomorrow morning. but first, a bit of sunshine later this afternoon. our high temperatures will be about 72 to degrees. winds out of the south at 10 to 15. coming up, a look at the forecast and much more detail. >> t

i don't think we should be giving a handout at taxpayer expense to goldman sachs' executives. >> finally, senator, what about this amendment from the senator from washington? maria cantwell. can you buy into that? do you really think 50 states are going to be able to go off on their own and do their own deal and set up pools and do you think that will satisfy consumers in this country in. >> ed, i think maria cantwell is headed in the right direction. we in the northwest like to lead. this is a replica of what they're doing in washington state. the real answer is to get the biggest possible insurance pool. that's how the consumer gets the best deal, what members of congress have. that's going to hold the insurers accountable. >> get some sleep, senator. good to have you with us tonight. all the best. >> thank you. >> senator ron wyden from oregon with us. i want to bring in a doctor has been working closely with the congress and white house to forge a consensus on medicare reimbursements. a major sticking point in getting the public options. joining me now dr. jack luin, a ceo of america

sachs. bob pisani kicks it off. bob. >> interesting day. the big story is some of the financials. wells fargo is the most important stock of the day. they had big loan losses. the company is consisting the consumer loan losses will peak in the first half of 2010 and total credit losses should peak at 2010 overall. with oar trying to get a handle on when they're going to peak. that's a very important conti e commentary from them. morgan stanley. u.s. pan corp also did very well. a little bit of sell on the news or don't add to your position is certainly to be expected houchlt about the energy stocks? we saw it sitting at 8 $80. there's your names here sitting at new highs here. even eog, of course skplor, skp and production companies. when that happens you tend to see a move up in the material stocks. you have freeport which had earnings out. all the metal stocks to the upside. way tonight bring you up to date on that dark pool regulation or commentary from the s.e.c. here because a couple of

sachs i'm all for it >> i agree. i do think that it is rather hypocritical for him to say that he really hates capitalism, while pocketing the profits on it and a good number of hamburgers and popcorn from the concession stand. >> i'm with jim, this of all you would think most would be in agreement with. moore's reviews are always mixed. >> we have to take another break. newark, new jersey gets unwanted national attention. >> announcer: new battle on late night. conan fires a shot! >> health care program would consist of a bus ticket out of newark. >> a big city mayor fires back. >> i'm officially putting you on the newark, new jersey airport no-fly list. >> that's next on news watch. a ugcl) yeacl 's h fba icos y!tyft juneck yno itft'sse sut'cu tyftef (ckicli >>> a new battle begin on late night twegsz. it ail started when conan o'brien took a shot a newark. >> they want me to set up a citywide program to do citywide help. it would be a bus ticket outside of city. >> i'm also mayor of city with one of the largest ai

chae moe ng toet y o omone goldman sachs, however jokingly, i'm all for it. >> i think it is rather hypocritical for him to say that he hates capitalism while pocketing the profits on it and a good number of hamburgers and popcorn from the concession stands. >> i'm with jim, this of all of them you would think most would be in agreement with. his reviews are always mixed. >> we have to take another break. new work, new jersey gets unwant -- newark, new jers getste national atntion. >>> newattln late night conan fires a shot is >> peop t health care prram wo consist of a bus ticket out of nu work. >> a big city mayor mayor res back. >>'mffll puttingu the newark, new jersey airport no-fly list. over the leading spray it cles conditions you wood, leather,ven grane butul sne ma'am, can help you withing?nyth [ chuckles ] [ female announcer ] swiffest & shine. >>> a new battle began on late night television. it all started when conan o'brien took a shot at the city of newark, new jersey. >> the mayor of newark, newa jersey wants to set up a a citywide program to improvey newark residents' health.a tha

goldman sachs is expected to post another blowout quarter next thursday. the estimate is for $4.24 a share, nearly two and a half times last year's third-quarter earnings. bernstein's brad hint said the revenues will be a highlight here. dow component jpmorgan, going to be kicking off the big bank earnings reports on wednesday. expected to report a profit of $1.8 billion, or 49 cents a share on nearly $25 billion in revenues. some of the more interesting conference calls are likely to involve a couple of the banks with big government involvement. that's right, citi. citi's going to report on thursday. beyond the earnings, there's lots of news here. of course, today's deal with oxy petroleum, trading a unit for a net investment of $250 million. citi says the deal is not material to earnings, but also in here is the issue of andrew hall's bonus. is that going to be deferred. who's going to end up paying that. and of course, that recent management report, the fdic said it was way too glowing. also said that vikram pandit had been doing a good job, whether tha

he got in on goldman sachs and g.e. cheap and many think he'll come back and pass bill gates for number one. bill gates still the richest man 16 years runs. he'd be even richer if he didn't give away $30 billion to charity. you're still on the list? well you're not one of wal-mart's walton family, a bunch of them in there. you're not oprah. she had a tough year. down $400 million. but never doubt the power of the oprah. let's see, you're not mayor mike bloomberg, although i wish you were because i have a neighbor problem with a subwoofer and a cat. donald trump is coming later although they say he's not worth as much as he says he is. i don't know. i just work here. mark zuckerberg i wish you wish you were that guy. he's 25 years old, and i hope they seat him next to john kluge, the magnet. because they'll totally collect. hey, nice to see you. good to see you. have a good time. that is isaac pearlmutter. the guy comes to america with 250 bucks back in the late '60's and sold marvel comics to disney for $4 billion. who?

oh, yeah, we like obama and eventually by the end of the election, goldman sachs became president obama's number one private contributor. so he took their money and now, you know, we're only eight months into his administration but we're going to see whether or not the decisions he makes are in favor of wall street or the working people of this country. i'm going to still side with the fact that he believes that the working people in this country are the top priority. tavis: let me challenge it. i'm challenging your thesis here on two grounds. i can see this, i'm no creative force like michael moore but i can see you making parody of this in one of your films. shooting to a scene of chickens guarding, you know, -- i can see -- >> i actually shot this scene for the movie. seriously. tavis: the same people that are with clinton and are now with obama and they have r-guarding the hen house. >> it is not in the movie. i interviewed a bank robber who was hired by the big banks to advise them how the avoid bank robries. i said to obama, who better to go to than to fix this mess than the people

citigroup and investment bank goldman sachs coming out thursday. and an indicator of inflation on the consumer side. the consumer price index also released. and, finally, today it is black and white. you can find it most everywhere, and now it's celebrating a birthday. the bar code was patented 57 years ago this week and has become essential to america's business. it contains 12 digits and can be used to track just about anything bought and sold in many countries, but all good things must end. bar codes may eventually be replaced by radio frequency identification tags which can be read up to several yards away by scanners using radio waves. that's it for us today. thanks for being with us. thanks for joining us. join us next week. my guest ebay ceo john donaho will join us on the state of e-commerce and what he expects for the all-important holiday season. keep it here where wall street meets main street. i'll see you next weekend. >> this is "open house." today we'll show you how to spice up any room without breaking the bank. >> just because some

goldman sachs upgrading a lot of the banks, away we went. >>-- so away we went. >> you are experts. nobody has more credibility on this issue than you do. neil: the president talking today about doctors to back his reforms. do you remember this? >> doctors look at the reimbursement system and say, "you know what? i will make more money if i take this kid's tonsils out." i believe in the market and financial innovation. i also intend to enact tough, common-sense regulatory reforms. what we have said is one option among many options -- a public option. the public option is only a means to that end. we should remain open to other ideas that accomplish our ultimate goal. neil: are you confused? a presidential historian says that our chief decision maker is being indecisive. you are saying the commander in chief has to be commanding a direction, right, and this guy is not? >> he has got to make decisions. poll after poll shows that americans want the tough decisions made. it is off, it is on, extended military tours are bad, and then they are good, no middle-class tax incraseease, and no

sachs but also people who work for unions who have been negotiating very good benefits. greta: is the white house in the confident they will have a public option? >> i think they are. yes, i think they will have some kind of a public option in there. i really think that they believe that, and it is just a question of counting votes and seeing what they have to give up to get that. greta: thank you. up next, where is the money? and governor writes a letter -- a governor writes a letter to put some heat on the senators. and david letterman's starts spilling again about his sex scandal -- david letterman starts. this time, it is about his wife. lucky her. greta: are you worried health- care reform could cost you more, raise your federal taxes? what about your state taxes? could this reform and a bankrupting some states? will important programs be cut -- could this reform end up bankrupting states? and governor joins us. good evening. it looks like you put an little heat -- a governor joins us. good evening. it looks like you put a little heat on your senators. what did you

. >> everything was being handled by goldman sachs. this was like an intelligence operation. >> this is straight up capitalism. sean: that is one of the scenes from michael moore's new movie, open " capitalism: a love story." believe it or not the writer and producer of that movie, director, michael moore is here. how long has it been? >> it has been a while. the last -- sean: the last time that i interviewed you we had a bet. i want. >> this was on your radio show, right? in 2002. i happened to be on your show when matt drudge texted you. you were sitting there, you said you were getting a message. i said geez, this is happening on your show, this special moment. sean: you have fond memories of me in your past. >> the book had gone from nothing to number one, thank you for that, by the way. sean: you have just ruined my credibility. [laughter] >> then we got talking and i said that george w. bush, he will either have to resign or he will be impeached by the end of his next term. you said no way. i took a bat. -- bet. if i won the bet

look at jamie dimon or stump at wells fargo, blankfein obviously at goldman sachs. but then you have another group of ceos such as a vikram pandit at citigroup, he's been at citigroup for two years and it's been a complete failure. so -- and you have to wonder why he is still ceo at citigroup. you have to also wonder why dick parsons is the chairman there who just accepted a part-time job with a private equity firm. >> it sends a note to other c s ceos. do you think vikram pandit stays in his chair? >> i don't believe so. it should be -- it's very similar to what happened with lewis losing his chairmanship. this is something that shareholders should be voting on, and shareholders, if you look at when vikram pandit took over citigroup at $40 a share, the shares are now under $5. shareholders should be voting on pandit's future, not the government. >> what do you do with the stock now? >> we don't have any exposure to bank of america so i really can't comment on that. >> internal candidate or external to replace lewis? >> i think you look at both. you find out who is

sachs i'm all for it >> i agree. i do think that it is rather hypocritical for him to say that he really hates capitalism, while pocketing the profits on it and a good number of hamburgers and popcorn from the concession stand. >> i'm with jim, this of all you would think most would be in agreement with. moore's reviews are always mixed. >> we have to take another break. newark, new jersey gets unwanted national attention. >> announcer: new battle on late night. conan fires a shot! >> health care program would consist of a bus ticket out of newark. >> a big city mayor fires back. >> i'm officially putting you on the newark, new jersey airport no-fly list. ree r thevla wos inge o ats te dee s d foe t , ew cal thly% raeer swes ne llll ju caesac tuav thci usve n suyo rand tuswne swta™ >>> a new battle begin on late night twegsz. it ail started when conan k >> a new battle and late night newark. >> they want me to set up a citywide program to do citywide help. it would be a bus ticket outside of city. >> i'm also mayor

we also found out late in the day, an influential economist at goldman sachs increased his prediction of how many jobs would be payroll jobs, would be lost when that number comes out tomorrow. i want to harken back, if i might, to what bob doll mentioned a few moments ago. he said that the economic numbers we have started to see in recent days, most especially today, but for the past, have not been the utter sort of green light snare joe we have been seeing there for a while. maybe this is the hiccup in the market that is reflecting some of those ambivalent econo numbers. >> right. were you surprised over the last several months to see this market run away while tyler is mentioning and so many of us noted the economic data was not keeping pace with what's going on with stocks? >> i think we did see increases improvement in the economic data. with that and all the stimulus packages, the idea you can earn more than zero, you are not losing money, we are seeing a record amount of clients looking to put more money to work. a lot of money is being put to work right now. that has generated

we need a return on our investment from goldman sachs, 23%, i would love that. >> that is what i'm hearing from the left. we are making profits in the tarp, only if you don't account for the losses. in fact government watchdogs it's very unlikely we'll ever get back all the money. you're counting pennies and missing hundred dollar bills. all the money that is down the toilet. and from another perspective the value of the dollar has lost 7% over this past year. government bureaucrats may be optimistic the world is losing faith in good old u.s.a.. >> gregg: i think you're right. latest data indicates that taxpayers or the hook for $200 billion more than the $700 billion. let's talk stimulus. there was a recent study by noted economist john taylor at stanford, put up the conclusion on the screen. the data available tells us that the stimulus is not stimulating consumption at all. resilience of the private sector deserves the credit for the impressive growth from the first to second quarters. now i ask, biden's chief economist a couple of days ago and he laughed at it. what say you? >> i would

september 21st it was added to the conviction buy list at goldman sachs. there has been momentum for a long time. target was 32. they're almost there today at $28 a share. incredible run in the entire sector. >> see you tonight on the jaria. we hit the streets to bring you really evidence why the economy is doing better than you think. up next, the coca-cola ceo out with an op-ed saying it's not to blame for america's obesity problem. is he right? "fast money" halftime report continues right after this. >>> throw out the dreary daily data. the monster hits the street for his economic research. >>> and charlie gasparino has been a busy man, and he's bringing the heat yet again. a wall street report you don't want to miss. >>> plus, it's been an unstoppable force but could new competitors derail this tech locomotive on america's post-market show tonight. fithe same tools the pros use, so you can be a disciplined trader. by selecting from eight advanced triggers, your order gets executed, even when you're busy. and with trailing stops to help you lock in prof

undersecretary of treasury, long-time goldman sachs executive, was running wachovia for a while before it obviously imploded and was sold to wells. from what i understand, he's been lobbying for this job for a while. talking to board members about this job. that's a possibility. he's got a lot of experience. the one knock on him, as you know, maria, i believe he came on jim cramer's show and said everything was hunky-dorey with wachovia when it wasn't. i saw one of jim's messages, i believe, got an e-mail from him that steel still might be under investigation from the s.e.c. because of that. that's where we are right now. it's a murky situation. clearly, internally they are talking about an interim ceo. i hear those interim names, it would go about a year. i hear the names most likely are those two board members. then everybody fights it out, the internal candidates and you possibly go outside. >> fascinating stuff. charley, thanks very much. charley gasparino on ken lewis. let me ask you, larry fink. what about everything that went down with ken lewis? i know it's not being pushed out

goldman sachs, raising its price target $45 from $34. high hopes for shrek 4. and the possibility that the video could be a takeover target. pnc, citing valuation. shares up nearly 130% since the march low. win eba go industries downgraded. the motor homemaker may not be able to return to profitability next year. michelle? >> thank you, bob. technology stocks have been the darlings of the investors. with the nasdaq advancing almost 60% since then. is it time to take profits in technology and consider maybe some other cyclical sectors? joining us to discuss this is senior investment strategist at ridgeworth capital investment. and specialty apparel analyst at ramsey. one of the areas presumably would benefit if people shifted into other types of cyclicals. adrian, let me start with you. what about the economic data we've gotten over the last week or so, suggesting we might not be getting the pace of recovery we thought we were going to get? >> you know, it definitely makes you worried about the top line. there's no question it's about demand side. so on that sid

kraker, do you think the goldman sachs analyst that covers apple is drags his feet to increase the chance of boy buying at a lower price? >> no. i think i moved up so far ahead of him he doesn't want to be me to cramer. this 30-buy recommendation with apple. the three holds and one sell. he will not matter. what matters is someone jumped above the queue and used a $265 priesz target. apple almost hit a 52-week high today. >>> todd writes -- hey, jim, i love the show. i want to ask about electronic arts. i've seen it close to its 52-week low but i've seen a lot of apps coming out. is this a new source of revenue for them? todd, i've been saying this and i'm afraid to say this is still a loser, then someone will bid for it. but i have to tell you, i don't want to be in the gaming business. the gaming business has peaked. i don't think there's any growth there. so i say no. i'd rather see an apple, or google. buy a share of going '. >>> here's one from rich in north carolina -- jim i just started watching your show and getting serious about the market this summer. i preorder yourd new book,

sachs saying fewer jobs, every piece of data has been spun negatively. it's nice to hear peter talk. >> peter, from here where do we go? what are your customers waiting for before pulling that trigger to have you say, look, i'm not suspended anymore. >> besides the playoffs, peter. huge phillies fan. >> well, my index, the one i watch the most is the traffic index. if you look at the roads these days, you will see a lot more truck traffic and truck traffic really moves the u.s. economy, and so i see that. that's a sign of optimism that i'm picking out, but, you know, we're not sure. some of our customers are investing heavily, but they're in alternative energy or construction projects that have finally been released, but i think everyone is still pretty cautious. they're optimistic that the economy is getting better, but they're not taking any chances, and if it gets better, they're going to end up being more profitable because they'll have a lower cost structure, and that's certainly our approach at this time, and i think it's the approach of a lot of o

yesterday, the international council of shopping centers/goldman sachs actually came in positive. this is a basket of retailers of i think it is about 30 of them. they gave us their same store sales numbers for the month of september so all in all, positive. now, some were down. some actually had a decrease in same store sales like penney's, macy's, target but they were better than expected. it was a very good month. we had a later labor day, later start to some of thcool season so back to school is a little bit more into september than it typically is. we did havea good september. it's positive sign as we move towards the holiday shopping season. >> looking for any positive signs we can. weekly joble claims are out now. can we find anything positive there? >> you know, there is a very little positive there, steve. that is the fact that they went down and they went down more than we had thought they would. we were expecting about 55,000 initial claims. they came it at 5 # 1 for last week. it is down but in typical recessions during the recovery period, what you have an acceleratin

there's a -- some people are worried over earnings from goldman sachs, and citigroup. so the investors are a little jittery. but right now the dow is at 10,000, just a tiny bit over 10,000. we're down 13 points. and, of course, yesterday was kind of big, at least psychologically it was over strong earnings from jpmorgan chase. and that helped push the market above 10,000, it closed at 10,015 and that was the highest close in a year. but again, things are flat today. we will, as always, keep you posted. >>> do you think you have a right to internet access? the government of finland says it's citizens do. the country recently passed a law that makes broadband internet access a legal right. by next july, telecommunications companies will be required to provide all 5.2 million fins an internet connection of 1 mega bite per second or high. the law makes finishland the first country in the world to mandate high-speed internet access for its citizens. something to keep an eye on. >>> ana nicole smith's body guard takes the stand for a second day. larry burke talks about her p

thees to would owe goldman sachs $1 billion. that's because goldman sachs gave cit a 3 billion-dollar rescue package in 2008. they goes lot 2.3 billion in tarp money. if it goes bankrupt, it would be the biggest loss to taxpayers so far after the government's big bailout. brian: rare look how you are being protected from terror attacks. first time ever fox news cameras were allowed inside command center where they keep eye on target. they are using thousand of cameras to monitor the city and what is happening on the street. the center has been up and running on the year. steve: that was storm blankets a highway leaving drivers unable to see. look at that 11 people injured on crashes on ernesto state 90. authority closed down the highway for 18 hours until the dust finally settled. gretchen: visitors hot grand ole opry were tickled pink this weekend fight against breast cancer. >> those who have been diagnosed and we are here to raise awareness and hopefully find a cure. gretchen: customers ordering tickets for upcoming shows can

number two story, financials, we had a big story from goldman sachs this morning, talking about big cap stocks. that moved the markets earlier on. take a look at commodities, folks. you want to see -- let me show you the dollar first. weakened all throughout the day. the g-7 did not come out with aggressively strong dollar comment over the weekend. it hit the lows late in the day. stocks hit their highs. the big move is in the commodities. oil, copper and gold here, the dollar moving down. look what oil did here. nice move to the upside. and sideways. same situation with copper. copper also moved up throughout the day as the dollar was weaker. the same situation with gold, which, by the way, is not far from its highs just a month or so ago. over $1,000 today. what does it do to the stocks? big commodity games, alcoa, biggest percentage gainer in the dow jones industrial average. dropped most of the day. right near the high of the day. same thing with energy stocks as oil moved up, big oil names like murphy, also moved to the upside as well. they closed just off of the highs as you can s

the bringing in of hank paulson from goldman sachs, the whole works. the whole down fall of wall street, the attempt to bail out wall street, the banking industry, the failure of general motors began long before barack obama came into office. he came in to clean up the mess. and i refuse not to take sides in the fire brigade in the fire. he's the fire brigade. your side was the fire. clarence page, terry jeffrey, thank you. coming up, there is a growing rift between the white house and top military brass. we haven't begun to talk about that one. why are generals giving speeches where they disagree with the president. what's that about? is this general mccarthur and truman again? we'll be right back to who is calling the shots. the elected commander in chief or someone else? only on "hardball" on msnbc. make that month. 'cause it's ford truck month. and that means savings on the best selling trucks 32 straight years. fortunately, luck has nothing to do with getting... a heck of a great deal on a brand spanking new ford super duty. plus, ford credit is t

. >> mont ag fixed goldman sachs. he probably won't get it. but you know, you want to go out on a flyer. he's the guy that can take them to the next level. >> let's bring in dick bove. he's on the fast line for his analysis and his perspective. dick, is this in fact a positive for bank of america stock as the after-hours action is indicating at this point? >> well, i think the reason why the market thinks it's a positive is because you're taking this whole corporate governance issue away from bank of america. in other words, since the focus of all of the anger at bank of america has shifted from the company to ken lewis, if you take ken lewis out of the picture, you take away the problem from a corporate government standpoint. but for bank of america this is bad. i mean, ken lewis was a phenomenally good ceo. he's made a series of very strong, positive decisions, including buying merrill lynch and countrywide. and therefore, i think there is a definite loss to bank of america without ken lewis being there. but i understand why the market likes

>> they are doing actual physical deals, going through goldman sachs, morgan stanley, buying assets in canada and mexico to drill oil. so part of the picture -- there is this huge sub plot where eventually if it goes up to 150 barry -- $150 a barrel, there will be a plan. martha: thank you. >> quickly, we import 25% of the world's oil but we only represent 4% of the world's population. martha: pretty amazing. trace: breaking news crossing wires now. an earthquake magnitude 5.6 just struck 175 miles southwest of puerto vallarta, mexico. it is not a massive earthquake, but a significant one. we do not know if there is any damage. we will get you more as it comes in. in the meantime, congress debating what kind of sanctions to use against iran after provocative missile tests. and a secret missile facility exposed. economic sanctions cannot be -- cannot seem to be making a difference, so is it time for tougher steps? and "the hammer" gets his groove on businesses more efficiently, so we've brought in a team of experts to help. one suggestion is to make your shipping more efficient with pri

another golden parachute setting up for goldman sachs. they are down to $2 million. sounds fair. we are back after this. boss: sot geico can help people save in even more ways - on motorcycle insurance, rv, camper, boat insurance. nice work, everyone. exec: well, it's easy for him. he's a cute little lizard. gecko: ah, gecko, actually - exec: with all due respect, if i was tiny and green and had a british accent i'd have more folks paying attention to me too... i mean - (faux english accent) "save money! pip pip cheerio!" exec 2: british? i thought you were australian. gecko: well, it's funny you should ask. 'cause actually, i'm from - anncr: geico. fifteen minutes could save you fifteen percent or more on car insurance. upbeat rock ♪ so i could hear myself myseas a ringtone ♪hone ♪ ♪ who knew the store would go and check my credit score ♪ ♪ now all they let me have is this dinosaur ♪ ♪ hello hello hello can anybody hear me? ♪ ♪ i know i know i know i shoulda gone to ♪ ♪ free credit report dot com! ♪ that's where i shoulda gone! coulda got my knowledge o

cit could owe goldman sachs $1 billion if they file for bankruptcy. the financial times says that the payment is part of the $3 billion rescue loan goldman gave to cit back in june of last year. cit received $2.3 billion from the t.a.r.p. back in december. they would likely let cit delay payment on some of this loan amount, but would also be due money from a credit insurance policy it holds on cit. shares of cit, on friday jumped to about 10%, but basically a penny stock. >>> also a u.s.-led investment group has jumped into the race to buy volvo from ford challenging china's geely automotive. the crown consortium is head by bingham. the u.s. private equity firms, but the ff says they're seeking additional backing to keep volvo in that country. take a look at how ford is trading in frankfort right now, down about 1%. >>> voters have overwhelmingly endorsed the lisbon reform treaty. in a reversal of last year's no-vote, more than 2/3 backed the charter which gives the eu a long-term president and stronger foreign policy chief. o observers say one of the

jp morgan, goldman sachs, bank of america all benefit tremendously, because they're doing it at no risk, and major contributors to politicians, and some of the members of barney frank's own committee. as attorney general, eric, what could you do to get real derivative, real crooked insurance reform in this country? >> if people are out there, selling the equivalent of insurance or some other -- >> no, they are. >> we can agree that has actual capital requirements behind it, people can enforce the laws. the problem is that congress took away a lot of the opportunity for state and other regulators to enforce and regulate those situations. so, they made it that it wasn't a security, it wasn't an insurance product of some kind. >> go ahead, karen. >> you know, this is another example, though -- again, congress has a pretty full agenda. this is an issue that not a lot of americans probably understand why, and how to advocate for this why they need to be advocating for this. certainly they need to understand where our moncy going and why are we paying for the bankers to get bonuses while the

microsoft taking off the conviction buy list at goldman sachs. it is rated a buy. price target is 30. cisco buying the teleconferencing company for $3 billion. cisco was negative for most of the premarket trade. go to apple which had target raised at oppenheimer to 210. still a lot of chatter about tablet computer and what technology it might use and how it might change publishing the way the itunes changed the music industry. netflix, business week basically saying they're talking with the music studio 'they want more money or delay their titles. activision blizzard, now at 12.20. let's go down to sharon epperson at the nymex. >> stock futures off the low of the session. oil prices just turned positive. gasoline leading the way in the petroleum complex. after more than a $3 gain yesterday, we saw on the heels of surprising decline in gasoline declines. we are still looking at the dollar rising here. that could put a cap on this, a little bit of upturn we're seeing here in oil prices. the dollar, of course, the dollar trade very important to what has been happening

goldman sachs higher by 0.6%. nice turn around here. >>> meantime, a year ago this week when congress voted to lift the ban on u.s. offshore drilling. now interior secretary is delaying a new five-year plan for oil and gas, drilling along the atlantic and pacific coast indefinitely. why the delay and what does this mean for the goal of u.s. energy dependence? weighing in, matt cohan, director of analysis with the environmental defense fund. gentlemen, great do have you with us. >> thank you. >> john, at first glance you might think that this would prolong the time frame for u.s. energy independence. at the same time, the administration is putting money into alternative fuels which would theoretically put us on track towards energy independence. how do you assess the overall situation here? >> well, we're concerned about the delay so far in this administration. but i think it's important to note that no matter what sean their you you look at we're going to continue to use a lot of oil in the coming years and we're