melissa: yeah. paul, at this rate it will take us better than nine years to get back to the level we were, the low during the last administration. understand it is all about the economy. there are some factors out there. what do you think would turn l this around? >> well, i mean we're very interested in surveying people and asking them what they think and i think there's a growing consensus what needs to be done the value of the entrepreneur and business creator and courage of those with resources to create jobs should be elevated and not denigrated. what that means creating environment through tax cuts and deregulation that allows people to invest in business and get allhe capital on the sidelines offthe sidelines. you have think things like the president's health care undecided, "taxmageddon" is undecided. that environment needs to be settled out to give business some certainty with hiring. >> christian, what do you think of that. >> at least a year ago the things were settled in near term and we

melissa: right. there is a major chain reaction, if you think you're not impacted by this because if you're not in a region where this storm is guess again. there are planes supposed to be someplace and they're not. they're somewhere else. what does it mean for the travel industry? how big of a loss do you think this is? if you look who is impacted by the storm seems like the travel industry has the hardest time recouping money from something like this? >> yeah. look at air and hotel and car rental. first off, air. a lot of airlines, well all the airlines got their equipment out of the way before this storm came in. we knew that it was coming for two or three days. they got all the planes out of there. there is not a lot of equipment damage. there is some fuel costs in getting those planes out of there but not that significant. car rental is actually going to do pretty well because there is lot of people now flying into airports like providence or baltimore or washington that to get into new york. th

liz: "money" with melissa is next. melissa: i'm melissa francis. here is what is "money" tonight. brace yourselves. the fraken storm could be the worst storm to hit the east coast in one years. some of the country's largest oil refineries lie in its path. how this could soak you to the bone and at the pump too. we have the details. >>> a government audit slams half a billion dollars in stimulus for green jobs. i say our government dollars are wasted but of course there is somebody to disagree with me. >> breakthrough in video messaging hopes to be the next big thing. entrepreneur behind the game changing technology is here to explain. even when they say it's not it is always about money melissa: so first let's take a look at the day's market headlines. a rough-and-tumble week for stocks ending a on a quiet note. better than expected u.s. third quarter gdp data could knot offset worries about corporate earnings the dow eked out a gain of three points. good year was one of the biggest losers with shares tumbling more than 10%. the tire-maker missed third quarter estimates driven by

melissa: i'm melissa francis and here's what's "money" tonight. california gas prices shatter a record, soaring as high as $5.65 a gallon, even creating a free-for-all for gas thieves. all thanks to government regulation. how much worse can it get? >> while iran is still trying to control its currency crisis its offshore oil platforms are reportedly under cyberattack. is the regime running out of time? >>> are electric cars actually bad for the environment? specifically, twice as bad as traditional cars? a shocking new study says they may not be so green after all. even when they say it's not, it is always about money melissa: let's take a look at the day's market headlines. investors staying cautious before tomorrow's earnings season kickoff with alcoa. summit between eu finance ministers brought modest declines to stocks. stocks closed down 26 points. shares of apple fell more than 2%. there are report that is a weekend strike broke out at a foxconn factory in china, a major a sembler in china. foxconn is denying the report. they have had major

melissa: i'm melissa francis and here's what's "money" tonight. will the u.s. be the next saudi arabia of oil production? a new report says we could be the world's top producer by the end of the decade. we'll tell you how. >>> plus a devastaaing cyberattack hits one of the world's largest oil companies. iran is reportedly behind it. could our electric grids or water supplies, our water supplies be next? we get insight exclusively from a former member of the joint chiefs of staff. >>> crime in chicago is out of control. some officials want to pull the trigger on the bullet tax to rein it in. i think they're a bit off the mark. my favorite chicago alderman is here to disagree with me. even when they say it's not it is always about money. melissa: first let's take a look at the day's market headlines. stocks adding losses to yesterday's big selloff. new home sales rose to the highest level in two years. but economic concerns voiced by the fed helped send stocks to the downside. the dow fell 25 points. >>> the justice department filing a one billion dollar civil la

melissa: i'm melissa francis and here's what's "money" tonight. county to the second presidential debate. mitt romney is i had rooing high. can president obama knock him out of his saddle? "money" has the top three things it watch for tonight. >>> plus sanctions have crippled iran's oil industry and made their currency basically worthless. now the real knockout blow comes. iranian tv stations are going to black. we're going to explain that. >>> super bowl fans, caviar, martian pizza, pottery, sound like the worst disney movie i ever heard of. in reality they are some of what is costing $19 billion in wasteful government spending. we have got the painful details. even when they say it's not, it is always about money. melissa: first, let's take a look at the day's market headlines. stocks posting strong gains for the second straight day. goldman sachs and johnson & johnson reported better-than-expected earnings. and homebuilder confidence hit a six-year high. the dow closed up 127 points. >>> shares of ibm under pressure after-hours. the company rel

melissa: obviously. they're kicking them in the butt to get them out the door and they're not leaving. obviously they don't want to leave. >> exactly, melissa. melissa: i put that so delicately. imf says risks are of a serious global slowdown are high. they're blaming us imf. if these are your friend take a look at your enemies. they say it is our faelt because of fiscal cliff. they are blaming a lot of problems on us. what do you think? do we deserve it? >> the fiscal cliff is a real threat. we don't need to fix it to make the imf happy. we should fix it so we don't have a recession. that would be the number one priority in fixing the fiscal cliff. it would be self-induced recession. imf is complaining about the united states. they were complaining in the 2000s. they were complaining in the 1990s i take it with a grain of salt. melissa: professor, do you think the risks for global recession are high? >> yes, they say essentially one in six chance of that. look at our pushback against the imf. the imf sa

melissa --. melissa: hang on, let liz get in there. go ahead, liz. >> what we're talking about essentially the difference between drilling on federal land, government land or private land. what you're seeing permit something down. federal permits to drill on federal land is down about 33% under the white house. under the clinton administration rose nearly 60%. more than doubled underneath the george w. bush administration. the president, you know the administration has been canceling lease sales in the western gulf of mexico, atlantic coast. delaying exploration off alaska. pulling leases in utah and places like montana. the president did make a statement. he did say, look we've enacted a use it or lose it policy where we will pull, you from you, oil company, the permit. melissa: that was compelling argument. was it true though? >> it is extremely nuanced. listen, when you call something inactive, when the government says, look your permit is inactive how are you defining that? maybe one out of 100 oil wells will yield oil. there's a l

melissa: yeah. >> they were blaming some of this miss on currency fluctuations which seemed like kind of a cheap thing because everyone has to deal with that. at the end of the day the revenue picture wasn't as strong as it needs to be right, teddy? melissa: currency fluctuation between, we're looking for, they reported $9.03 and street was looking for 10.65. that is a lot of currency fluctuation. >> i refer to currency fluctuation as code word for business stinks in europe. that's all that means. and we started to see that in the first quarter of this year with dupont, when they started to give guidance and they're worried about currency fluctuation. that is all that is. that is code word that business just is not good in europe. melissa: adam, how essential is larry page to this company? you don't even want begin to draw comparisons and steve jobs in that situation? >> right. melissa: investors are asking for a while. he has an illness. he has absent. they have not been giving a lot of color. how

melissa: time to check the fuel gain. first up, oil prices fell for the fifth straight session. unexpectedly lge drop in u.s. supplies helped send crude down 1% settling at $85.73 a barrel. marathon oil is reportedly looking to sell part of its stake in a canadian oil sand project. maraon has sold $1.1 billion in assets this year part of an effort to expand its presence in the u.s. shale industry. we were just talking about that. >>> south africa accung local units of chevron, bp and other oil giants of price fixing. they said companies exchanged sales and customer data for nearly two decades to repress competition. they want a final of 10% of their revenue for the last fiscal year. >>> ikea will invest $2 billion in solar and wind energy by the year 2015. the furniture giant is aiming to produce as much renewable energy as it consumes by the year 2020. we'll check back with them on that one, you can bet on that. >>> next o "money", iran allegedly behind a devastatg cyberattack on a global oil g

>> "money" with melissa francis now melissa: i'm melissa francis and here's what's money tonight. is the.s. actually in recession but we don't even know it yet? recent numbers have been terrible. many say the economy has stalled. we're going to break it down. >>> plus oil companies throw money at mitt romney like there is no tomorrow. but a new study shows their business is actually better with a democrat in the white house. we have the surprising details. >>> two of america's greatest pastimes together. football and victoria secret models. why the nfl blitz by the underwear company might be pure business brilliance. even when they say it's not it is always about money melissa: first let's take a look at the day's market headlines a surprise surge in u.s. manufacturing gave stocks a triple digit boost. that was early on though and it trade faded. the dow closed up 77 points. one possible reason, ben beanke. the fed chairman defended his money printing ways today but he also said congress must do more to ss ace the recovery. >>> american express will pay more tan $112 million. regu

melissa: i'm melissa francis and here's what's "money" tonight. iran now reportedly planning a massive oil spill in the strait of hormuz to shut it down. i was just in the persian gulf reporting on the straight last and stuff like this it would was disaster. we're breaking it all down for you. >>> plus there is a boom in u.s. oil production right now but you won't see a drop of relief at the pump. we'll tell you why the production spike is falling short. >>> fearless felix redefines awesomeness. his super sonic base jump just doesn't break records, it sent sponsor's red bull's brand into the stats to fear. this could be one of the great marketing coupes of all time. even when they say it's not, it is always about money. melissa: first let's take a look at the day's market headlines the bulls charging ahead to start off the week. improving retail sales in september and better-than-expected earnings from citigroup helped boost stocks. the dow closed up 95 points. not bad. meanwhile the nasdaq posted its first gain in seven sessions. shares of eli li

melissa: what do you think? >> it is tivo time and i think you have to be really careful when you are a team owner. john elway is endorsing colorado, they love him, so the question is you already know he needs to support them.

melissa: no. but i would like to do before we go can i play for you my favorite sound bite from the night, how he responded, using the example of having five boys. i think all parents can relate to this comment. let's play it real quick. >> i got five boys. i'm used to people saying something that is not always true but just keep on repeating it and ultimately hoping i will believe it. but that is not the case, all right? i will not reduce the taxes paid by high income americans. and i will not, under any circumstances raise taxes on middle income families. melissa: so tell me the truth. do you think that was rehearsed ahead of time or off-the-cuff? it was genius. anybody who has kids, i know exactly what you're talking about. >> exactly. when he said that, a smile crossed my lips because i remember my son and the neighborhood boys who would hang around the house and engage in exactly same behavior. he thought about it in advance. there were other great lines. mr. president, as president you're en

melissa: i'm melissa francis. here is what is "money" tonight. more than six million people without power in sandy's wake. all of those above-ground power lines are largely to blame for this. we'll dig in why we still have those. >>> plus do you think the rich pay their fair share of taxes? what if we told you they're paying more than ever before? "the wall street journal" steve moore is here with all of the facts. >>> thanks but no thanks. new york city mayor bloomberg tells president obama, not to visit the big apple after the storm. i say thank goodness. but one of my guests says bloomberg is way out of bounds. he is here to disagree with me. even when they say it's not, it is always about money. melissa: first after a two-day hiatus, let's look at market headlines. wall street swung back into gear on the first day of trading since superstorm sandy. stocks were choppy throughout the session. they closed mixed throughout the day. dow closed down 10 points. home depot closed higher on the dow. expected demand of home and construction supplies se

melissa: yes. but the supervisor of this whole eurozone and they're going to un things past this person? sounds like too much cooperation for me. does this sound realistic to you? >> they have not agreed to full budget cooperation. melissa: yeah. >> the banking supervisor will supervise 6,000 banks within europe. the idea there is to be able to recapitalize these banks without having to lend money to the countries. that's the key point there, they don't want to make the country's balance sheets look even worse. the problem is how much authority will this banking supervisor have? what will you do with the bad assets that are already in those banks? but there's also a domestic political problem for angela merkel. merkel aces an election next autumn. she's being, sort of boxed around the ears by the socialist democrat opponent who made a speech a couple days ago in the german parliament saying that angela merkel was in effect giving in too much. melissa: that's a huge problem because she is a lynn of

. >> y too, melissa. melissa: gas prices are down 10 straight days. have you noticed prices coming down where you le? we want to hear what you think. like us on facebook a facebook.comelissafrancisfox follow me on twitter at melissaafrancis. >>> time to check the fuel gauge. california sky-hh gas prices are doing wonders for the toyota prius. the hybid vehicle is the state's topelling car for the firsttime ever. that is accorng to the california new car dealers association. >>> oil prices getting slammed in today's selloff. a strgtning u.s. dollalar helps fuel crude'stumble, finay settling a $90.05 a barrel. a ne report warns that the great lakes could be at risk for a severe oil spill. national wild five foundation, that two oil pipene in the upper great lakes are not being properly main and and nor are proper emergency procedures in place in the evt of a spill. that is not good. >>> rosneft is about to become the world's largest oil producer. rosneft isuortedly ready to purchase 50 dal billion of russian assets from oil companies. if the deal goes t

thank you, melissa. melissa: we'll be watching. you will be joined by sarah palin and senate majority leader mitch mcconnell. it starts at 8:00 p.m. eastern on fox business. i dare you to watch any other channel. no, i don't. please don't watch any other channel. >>> as the vice-presidential nominees get red -- ready to square off we look at issues. we know what is happening with your tax dollars. we want to keep an eye on it and candidates differing budget plans and vision for medicare will be big topics tonight. so we'll start with that. we have a democratic strategist chris hahn. gentlemen, thanks to both of you for coming on. what do you think will be the dominant issue? chris, i will start with you. what do you think?. >> we'll have to talk about the ryan budget and ryan will have to talk about the president's budget. i wonder if he will talk about the $617 billion they have been talking about president taking out of medicare when he takes the same money out of his plan. instead of giving it back to people who use medicare he

melissa: i'm melissa francis and here's what's money tonight. the u.s. tightens the noose around iran. a slate of new sanctions aiming for the heart of iran's oil industry. will they fuel even more chaos for the regime? >>> drilling for energy in a volcano. it's a brand new technique called hydrosheering which could give fracking a run for its money. the head of the company behind it is here exclusively to break it all down. >>> restaurant chains move more workers to part time to avoid health choir reform costs. i will talk to the vice president of white cools sell whether more businesses will follow. it is another fox business exclusive. even when they say it's not it is always about money. the melissa: first take a look at the day's market headlines. s&p downgrading spain's credit rating by two notches. that happened moments ago. from bbb plus to bbb minus. the ratings agency citing significant risk to economic growth and budget terri performance for the downgrade. i would say. >>> cut in forecast for global aluminum demand by alcoa and earnings warnin

melissa. melissa: adam, thanks so much. before we go, i want to make sure robert is still okay and ask you, is the wind and rain getting worse? i see water getting higher but doesn't look like the wind is whipping quite as hard or is that just the shot we're looking at? >> it is both, medical list sacht the wind is pick up a little bit. it is getting dark out here. maybe bushes starting to blow a little bit there. our producer, is staying out of the water, yeah. definitely maybe can see some of the garden lanterns over there hanging from the trees. the globes are starting to blow a little bit. starting to pick up a bit, melissa. it has been kind of on quiet side during the middle part of the day, quiet before the storm. it is definitely picking up about an hour ago. battery is one of the most beautiful places to visit down at end of the island. i hope damage is not too ex-extensive..3 get out of the water. appreciate it all three of you. >>> u.s. markets will be shut down for a second straight day tomorrow. we'll tell you h

melissa: yeah. >> seems like every quarter when we start to have the earnings releases they actually beat it and find a way to beat it. this is the first time we've seen a few companies basically, more companies start to talk about the future is looking a little tougher right now. melissa: what would restore confidence? we talked about this earlier today. you said certainty. that seems like an easy thing to point out. everyone is saying certainty. certainty of higher taxes? that will not help. there are certain kinds of certainty that aren't better. >> i think that's true but i think the misery of certainty is better than the misery of uncertainty. melissa: really? okay. >> a lot of times in the market what really causes problems in the market is uncertainty and when you have certainty, people know how to adjust. i agree, you could have certainty that can be bad. there is no question about that. what is clearly driving people today as we renew the investor survey is all about the u.s. economy. about

melissa: phil, thanks for breaking it down. >> thank you, melissa. melissa: an eyesore or good business? one company turns the front of homes into billboards in exchange for paying their mortgages. pretty clever. the man behind the breakthrough strategy is here, exclusively here with all the details. "piles of money" and a few signs coming up. ♪ . 0t[when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is at there isn't anything on the schedule. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get ality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100% satisfaction guarant. so go to legalzoom.com today and see

. >> thanks, melissa. melissa: here's the question of the day. will the presidential debates significantly up influence who you vote for? we want to hear what you think you can like us on facebook.com/melissafrancisfox. or follow me on twitter at melissaafrancis. >>> energy issues are expected to take a central role in tonight's debate. what condition president obama and mitt romney say to win the hearts and minds of voters? we'll break it all down next. >>> the government slaps massive taxes on chinese solar panels and but gives a knockout blow to a u.s. company. do you ever have too much money? ♪ . everyone has goals. take the steps to reach yours, with us with real advice, for real goals. the us bank wealth management advisor can help you. every step of the way. from big steps, to little steps. since 1863 we've helped guide our clients, so they can take the steps to help grow, preserve, and pass along their wealth. so their footsteps can help the next generation find their own path. all of us serving you. us bank ♪ melissa: so, on to energ

melissa: wow!. >> i think weill --. melissa: go ahead. i'm sorry. i didn't mean to interrupt. >> we all feel very confident what we've been seeing from the romney-ryan ticket lately. i think we'll see a big surge if that happens. melissa: what was the reaction to your sign so far? have people been support i have of you or did anyone say to you maybe not to be so political? >> we've had a little negative but we have had incredible positive feedback from it. we have had other business owners coming in and actually stopping in to shake my hand quite frankly. we had e-mails. we had people, stopped traffic in front of our, in front of our business. a lot of positive feedback. i believe there only two people negatively responded to the sign. melissa: what did you think of last night's vp debate? in fact, i think we have a sound bite from that to play for you to react to the other side? let's listen to that? >> sure. >> you taxed every person and success small business $250,000 at 100%, would only run the government for 98 days. if everybody who paid incom

melissa: i'm melissa francis and here's what's "money" tonight. a stunning reversal in the unemployment number today but two surveys paint two very different pictures. fill angelides is here from the president's campaign to help us sort it out in a fox business exclusive. we first told you about it yesterday, california is suffering from sky-high gas prices, even from shortages. what is the risk in your area? we've got the details. >>> plus fighting over fracking? a group of senators angry over new government guidelines. i will get all the details exclusively from north dakota senator john hoeven. even when they say it's not, it's always about money melissa: first let's take a look at the day's market headlines. there was no celebration on wall street over september's positive jobs number. only the dow managed to close the week in positive territory. it was up over just 34 points. >>> consumer credit rose more than 8% in august. it's fastest expansion in three months. that is a sign that consumers are ready to make big purchases again. >>> one yea

melissa: i am melissa francis. lori: i am lori rothman. prices of gasoline in california are soaring. hitting $4.66 a gallon. many stations going over five dollars for regular. it is costing drivers so much. cheryl: fracking and wyoming. could travel spell trouble for the entire industry? lori: customers could finally be getting back some of the millions that went missing. the company imploded after a massive fraud. those peregrine accounts and ceo will join us. melissa: let's head to the new york stock exchange. our very own local nicole petallides is standing by. nicole: it is a holiday. the dow is down 22 points. the s&p and nasdaq are both down. tech is heavily weighted to the downside. we are also taking a look at walmart. it hit an all-time high today. this on their agreement with american express to offer customers an alternative to their own charge cards and debit cards. they have come up with their own plan called the bluebird. another alternative for walmart customers. the big picture is last week we gained after two weeks of sel

melissa: thanks very much. vikram pandit says it was his decision to leave citigroup as ceo but charlie gasparino says i don't think so. he is here with the latest breaking news. charlie: he officially resigned. the board allowed him to resign but sources tell the fox business network vikram pandit was the word is generally called ousted. the board alerted him last night. sources tell the fox business network they lost confidence in his ability to lead the firm. the board -- the two sides parted ways. at that point of the board other regulators and called all the regulators to do that and one of the biggest systemically important banks in the world, citigroup is leaving. that is how unfolded. why did unfold? they had earnings yesterday. this is what we understand. last thing they wanted to do was spend 90% of his time talking about vikram pandit and why he was leaving. so they rolled it out this way. after the market closed they told him and at that point decision was made this morning let's pull the trigger. w

melissa: i am melissa francis. ashley: and i am ashley webster. president obama warning this will be a big and powerful storm. the new york stock exchange, yes, it is closed. we will have more on that coming up. melissa: the new york stock exchange duncan telling that the exchange will close on tuesday. we will stay on that story. commodities trading at the cme in chicago. we will take you there. ashley: the massive storm also hitting the nation's capital and if the campaign trail with the election day just over a week away. melissa: hurricane sandy pounding the east coast. we have rubber great and jeff flock covering this. >> we have emergency officials from the fire department telling people to leave. it is in evacuation zone after all. obviously, it is closed today. sandbags outside. lots of tourist there incidentally taking pictures. getting a little more than they bargained for with their trip to new york. there are a few shops open. down here in battery park, you cannot even find a starbucks or mcdonald's that is open much less one of the lo

lou: only if melissa does not. melissa: i was rude. i am sorry 82 i love the fact we have a meaningful discussion. lori: check out lou dobbs to night and tonight he speaks to stephen hays about the latest on the campaign trail the clock is ticking. exciting times. melissa: let's check the markets with nicole petallides at new york stock exchange watching home-improvement and. >> home depot or lows? it turns out maybe in the market for up arrows. home depot has outpaced lowe's home improvement but it was raised to a buy rating up from neutral. they're raising the numbers and the earnings estimate. they expect the housing market overall to have a growing pace through 2014. lori: energy independence is the important campaign issue the new report shows even the u.s. is in fair shape there is room for improvement coming to energy security we have rich edson. >> looking where we have been over the last 40 years we are about the same spot of the iran hostage crisis. the report measures country energy demands and access to energy. mexico tops

melissa. melissa: peter barnes, thank you so much. charles payne has another stock pick you cannot afford to miss. this could be music to your ears and your portfolio. that is a hint. it a look at gold. we will be right back. ♪ is him him him him him him him him him him him. melissa: it is time to make some money with charles payne is our. charles. charles: harmon international. we have these auto fill numbers coming up. there are winners and losers coming up. these auto sales are certainly up over the last couple of years. this company does very well selling, you know, auto, audio stuff to these companies. they also have a division. it is not just about having a regular stereo anymore. it is about having the internet. it is about having navigation. recently, just last month, the s&p upped it credit rating. here is the reason. improved margin, lower business risk, expectations of continued leadership and strong liquidity. i like all of those. i also like that that cash flow is out. 1% in 2008, 25% by 2015. they will have some compet

melissa: i am melissa frances. >> i am lori rothman. jpmorgan and wells fargo. the dow is up for the third down week in the last four. melissa: shocking claims that drug stores are releasing prescriptions and submitting claims to insurance companies without your approval. one publicly traded name is right in the cross hairs. >> numbers you can trade on? vote on? doesn't seem so with the latest jobs data. a lot of fuzzy math. we will get into that investigation. melissa: what's head to the floor of the stock exchange with lauren simonetti standing by. stocks really losing ground. >> we have down there as across the board moving lower rather than moving hire at the stock exchange. dow industrials are down five days in a row and the nasdaq writing its longest losing streak since november of last year. banks reporting record profits with the banking sector and financials are down and one of the worst performing sectors. let's look at those record profits. wells fargo, profits rose, revenue missed expectation, shares are down. this year there of 20%. there has been a

melissa: i am melissa frances. breaking news on the latest on superstorm sandy. charlie: people are dead across seven states, more than seven million without power. three public transportation and homes are flooded. we will talk to governor of pennsylvania tom corbett about the impact on his state and recovery efforts. ashley: stock market closed for a second day because of the storm. first-time weather has caused that to happen since 1880. the new york stock exchange and nasdaq announcing they will be open tomorrow for regular trading operations. more on that coming up. melissa: one week until election day how will the northeast impact boating? neil cavuto will join us later in the hour. breaking news. hurricane sandy. you want to tell us where we are going? let's go to robert gray who is standing by in new york with more on this. robert: thanks very much. fluid situation out here, but we grab colonel paul owen with the u.s. army corps of engineers. thanks for joining us on fox business. talked to was a little bit about the situation. you are surveying lower man

melissa: melissa frances back in business. stocks trading the first time this week at the northeast begins to pick up after hurricane saying the. ashley: we have you covered. nicole petallides is at the nyse and robert gray at the nasdaq and sandra smith at the cme. nicole: new york city commuters getting much-needed good news. limited commuter rail service starts at 2:00 p.m. today. subways north of 34street begin limited service tomorrow. ashley: the dow is in the red but damage from sandy isn't done yet. the focus turns to recovery, so does its ballooning price tag. the latest, $1 billion damage estimates and keeps going up. melissa: president obama said it for the floor before the election. chris christie be just the ticket to boost president obama in the polls, we will ask lou dobbs. ashley: let's get to nicole petallides on the floor of the nyse. she is back in action. nicole: we are back in action. the boards of the nyse open and most folks made it here in some form. a smooth opening, some down arrows across the board f

melissa: thank you for that. hurricane sandy blowing through, next could this cost a billion dollars disaster? meteorologist jeff masters joins us ahead with his incredible price tag. and look at some of today's winners and losers on the s&p 500 as we head out to break. we will be right back. ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ melissa: time for stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange. our own nicole petallides standing by. stocks still in the red, down 25 points. >> not a great day on wall street. we're seeing selling across the board. nasdaq is down half a percent. amazon, apple coming under pressure. s&p 500 is down one-third of 1%. there is the dow holding the 13,000 line, still down 22 points. we're continuing to watch that as well, under pressure with names like bank of america, unitedhealthcare and also home depot and hewlett-packa

melissa: and i am melissa francis. there was last night's debate and most people calling mitt romney the winner. trickle-down government. i wonder what lou will say about that. lori: he has been wanting him to step out and drop the gloves. a lot of people saying he did that last night. we will also talk about retail sales. find out about these winners and losers. what stores are stocking up to grab your dollar as well. hope you like corduroys. melissa: not so much. elizabeth macdonald is at the rock 'n roll hall of fame in cleveland. she will be talking with mayor frank jackson. she will also be talking to joe roman. cleveland is open for business and we are there. lori: baseball fans, probably not a shock here, the boston red sox have fired their manager, bobby valentine. they had 93 losses last season. they finished dead last. melissa: it was a tough little series here in new york. lori: no surprise, but, boy, you just get one. to prove yourself. melissa: let's head to the floor of the new york stock exchange. nicole

melissa: so much to cover. lori: i am lori rothman. melissa: and i am melissa francis. an all-time high last month, the iphone 5 fades, what does apple have a bit sleeve? lori: also hitting us where it hurts, new warnings of hackers attacking our nation's biggest bank. melissa: stepping up attacks on mitt romney over funding for pbs of all things. with four weeks until the election, is it time to forget big bird and focus on the big picture? lori: everybody just focuses in on big nerd. a look at the new york stock exchange, nicole petallides. stocks waiting for alcoa to kick off earnings season. nicole: that is right, earnings season begins today after the bell. beginning with alcoa on the 4:00 p.m. show, so we will bring it out. selling across the board. dow jones industrial average down 91 points, so about 15 points off of the lows of the day. the selling going on, nasdaq composite down 1.4%, we talk a lot about apple under some pressure. we saw some business reports coming, sentiment from those have fallen again for the fourth time in five months and also not saying