she has a wall street background. she was a vice president and assistant general counsel at gold man sacks and also on securities arbitration roster of finra, financial industry regulatory authority. her undergraduate work was at yale, her jd at the university of virginia. she got her law degree. and if you go to sheri caplan.com, you'll see that inspiration for her writing often comes from a nice cup of tea that is by her side or a piece of chocolate. so to provide inspiration today, we present her from the museum shop a hershey's bar and we look forward to your speech. welcome, sheri. [ applause ] >> thank you all for coming on this beautiful day and thank you to the museum for hosting this event. i put together a power point on the topic and we're going to start with that and then afterwards, i'd be happy to take any questions. so here we go. in a word, wall street is not the place for a lady to find fortune or character. that's what noted american banker henry clug had to say about the idea of women on wall street

that's really the deciding factor when you're going to final question has wall street lost its luster yes or no yes yes you're going to agree to a degree i don't want to say i hate the yes or no but it certainly numbers show that to a degree it has well yes yes that's all for now but you can see all segments featured in today's show on you tube at you tube dot com slash boom bust r.t. and we also love hearing from you so please check out our facebook page at facebook dot com slash boom bust r.t. from all of us here at boom bust thank you for watching we'll see you on friday. one of the new poll shows coming alive should be. the face of this type you know. pleasure to have you with us here on t.v. today i'm sure. we're not psyched to active camp at guantanamo where patients are forced that the outer amount hunger strike never turned the world's attention to the place that something gulag of our times. mission. critical three years for charges free. range month free. three stooges free. old free blog loaded videos for your media projects a free media. tom. that. was. britain's turn to e

portraits of women in wall street history. while this is her first book, she is no stranger to writing. she contributes to forbes, to bloomberg law, as well as other media outlets. during her research, she used some of the resources here including a finding in our collection for the image on the cover. she was a vice president and assistant general counselled a goldman sachs, also on the securities arbitration roster of finra, financial industry regulatory authority. her undergraduate work was at yale, her jd at the university of virginia. and if you go to sheri caplan.com, you'll see that inspiration for her writing often comes from a nice cup of tea that is by her side or a piece of chocolate. so to provide inspiration today, we present her from the new he assume shop a hershey's bar and we look forward to your teach. welcome, sheri. [ applause ] >> thank you all for coming on this beautiful day and thank you to the museum for hosting this event. i put together a power point on the topic and we're going to start with that an

grads of four go in the canyons of wall street in favor of the rolling hills of silicon valley now at stanford thirty two percent of grads accepted jobs in technology while twenty six percent went off to finance and a mere two years ago thirteen percent were going into technology while thirty six went to work in the world of finance are we seeing a wall street brain drain that is the question here discussed madame courteous hello my dear now rachel what's going on here is this an east coast west coast thing or is there something a little bit more technical to it i think that it has to do with where the money's at right in terms of regulation in terms of salary caps in terms of figuring out where people think that they can actually make the most money and have the most effect on the places they're going to work a lot of the best and brightest the rocket scientists who were maybe going to wall street before are saying perhaps the greener pastures are in the technology sector and i think that there's also something cultural going on right and stephen mantis your previous guest book he ta

some of the behavior i saw was ending when i first started on wall street, covering wall street. then i see what's happening, reports surfacing about the miami dolphins, what's happening in the locker room, the player, richie incognito, accused of repeatedly bullying his teammate, jonathan martin. i am going to show you this quote so you can see it. look, this is really -- why would any organization want to have somebody working for them that says things like this? >> i think the idea is to create toughness and shared sense of struggle that ultimately makes you more cohesive as a team. that's the old way of thinking about things. i think with the richie incognito, jonathan martin thing it went a bit too far. unlike wall street because there isn't much regulation in locker rooms in the nfl, and a lot of sports, a lot of stuff stays behind closed doors. if there's a problem, it gets handled indoors. that doesn't happen so much in corporate america. >> it did on wall street, this was behind closed doors in strip clubs for the '80s and '90s or whatever, but tiki, do you think this is

but would she pick a wall street person? i'm sure larry's eminently qualified, i'm just wondering whether anyone wants to withstand the scrutiny -- >> you know, i think her and her husband are a hitting different. bill clinton, as you know, picked wall street guys. bob rubin and larry summers. and be i think -- and his first treasury secretary, i believe, was lloyd benson, right? but he was -- and then after that came bob reuben and then larry summers. liz: and it was, by the way, george w. bush who appointed ben bernanke who was more of an academic. >> right. it's interesting. i just think that larry's game right now, larry's play is, you know, he created a great firm, blackrock. he's not slowing down. we do -- we do know he still keeps the heavy traveling schedule. he does need a succession plan, he's not going to do it forever, and what a lot of people believe, people who are friends with him, the transition is leave blackrock and still become treasury secretary, and that's why he is supporting clinton. here's where we ar

street which offers these pension funds which need a steady return of about seven percent wall street has offered them very risky deals in order to fund their retirees right so that's another byproduct if you will of zero percent interest rate policies that the fed and the bank of england and other central banks have been pursuing over the past five or six years not only does savers good zero on their savings currently not only does it cause deflation that screws workers but it also is making these pension systems bankrupt because you need at least seven percent as you're saying to keep them funded in a way that works so that when you do it's are you got money but since interest rates are so low these pension funds are becoming bankrupt and before they get bankrupt states and corporations are now raiding their own pension funds to pay off the folks on the inside who don't seem to have any compunction what so. never about simply stealing money now we had a series of bubbles charles two smith we found you have a brilliant chart on your side of detailing this we have a tech bubble follow

again at "the wall street journal" editorial page out came the playbook. they first questioned the science. they increased the link between increased burning of coal and acid rain concluding that existing data are not conclusive and more studies are needed. in september, 1982 the editors told us that scientific study as opposed to political rhetoric points more and more to the theory that nature, not industry, is the primary source of acid rain. nature is the primary source of acid rain. september, 1985 journal editorial claimed the scientific case for acid rain is dying. in june, 199, the editorial page awrgsd that we needed to wait. always needing to wait, for science to understand to what extent acid rain is man made before enacting regulations. during that same period "the wall street journal" editorial page also smeared the motives declaring the efforts was driven by politics, not science. in ?ul july, 1978 they wrote consistent with number two on the playbook, as the acid rain story continues to develop, it's becoming increasingly apparent that polit

grads were growing the canyons of wall street in favor of the rolling hills of silicon valley now at stanford thirty two percent of grads accepted jobs in technology while twenty six percent went off to finance and a mere two years ago thirteen percent were going into technology while thirty six went to work in the world of finance are we seeing a wall street brain drain that is the question here discussed madame courteous hello my dear now rachel what's going on here is this an east coast west coast thing or is there something a little bit more technical to it i think that it has to do with where the money's at right in terms of regulation in terms of salary caps in terms of figuring out where people think that they can actually make the most money and have the most effect on the places they're going to work a lot of the best and brightest the rocket scientists who were maybe going to wall street before are saying perhaps the greener pastures are in the technology sector and i think that there's also something cultural going on right in steven mantis your previous guest book he talk

[closing bell ringing] david: what a busy day on wall street. liz: it is really. we were down significantly and then suddenly the markets turned around. people are buying whatever tiny gain they see. here is how we round it out. s&p 500 makes it another record here. previous record to beat was 1771.95. it is a wide margin after win there, david. david: look at nasdaq. the nasdaq was best performer of all the indices up over a full percentage point today. look at today's headlines moving stocks. macy's reported higher than expected quarterly sales and earnings. the department store chain says business is improving as the holidays approach. liz: perry ellis international, the stock getting crushed after it cut its full-year outlook because of reduced shipments in the third quarter. david: it was a miserable trading debut, for online textbook rental company, shares plunging more than 20%. we'll speak to the company's ceo later in the hour. liz: extended stay. this is america's ipo was a big success with its stock jumping, look at that. 18% by the end of the session.

street people get greedy here and lose their moral compass and that is stupid now of course wall street is outrageously greedy and there are many well documented reports on how people act more ruthlessly when they're dealing with money then when they're dealing with other aspects of society that's not the stupid part the stupid part to me is that i don't think the two words wall street for the most important ones in this study i think the most important word was the game of people that they were playing a game of the participants were trying to win the day and day they were worried about the welfare of the other players in the game that's where i think the study got through it but i think it's worth trying to figure out why the hell bankers are so greedy because they are actively ruining our society so i propose another study that a bunch of wall street bankers in a room on one side on the other side said a bunch of people from their community who they directly screwed over let all. the people who lost their homes or their retirement funds or had their lives devastated in other ways by

we're going to wall street you're going to make six figures by your third year is that a sure thing if you go into tech what do you think about that's a really good question and it depends right if you go to a startup it's really big risk really big reward but a lot of people are imagining that they're going to be the next mark zuckerberg and they see that people who are executives in tech are lauded in a way that people like lloyd blankfein and people like jamie dimon are demonized at this point you know they go to capitol hill and they see a lot of sneering i saw there was a j.p. morgan recruiting event at yale and it was filled with occupiers saying you know go to j.p. morgan but nobody's really saying the same thing yet maybe as the n.s.a. scandal continues to unfold we'll see more of that but at this point they're seen as it really is a dichotomy between the good guys making money and the bad guys making money and leeching off of us and i think that that's going to be a huge problem for wall street moving forward that they can't really get the best and the brightest that they used

when you talk to traders on wall street, bankers on wall street, they haven't gotten bonus they were expecting since 2007. so it is 20% below an already low base. are they expected to work less? are they still spending all of their time there, all their weekends, constantly on call? at some point it is not worth it anymore? at what point is it not worth it anymore? >> there comes a point, when you say to yourself, is this worth it? and you know, when i was in my late 20s, i was at a firm called the galleon group. it was a rough place to work but i said you can say whatever you want to me. you can do whatever you want to me if you're going to pay me enough. melissa: what is enough? i think we're getting close to the point where enough, if you look at types of business, there is no volatility in the market right now. >> right. melissa: if you're a beta trader, you did not make a lot of money this year. that is what the bonus is based on. all the extra excesses you wrote about in great detail in the book, a lot of those have gone away. clamped down on the strip clubs. free cocaine, ever

, with wall street fat cat ties. this is hypocrisy. melissa: this is what you were talking about, does it change the war against fat cats and private equity as managing director of warburg pincus, their one of those buddies tim geithner. >> no. because they won the war. the reason banking sector got the bailout in 2008, they won the war a long, long time ago. tim geithner spoke to private equity firm, warburg pincus, that will not raise any eyebrows on wall street. >> she is asking a different question. i'm asking, change the political -- she is saying does it change the political assault? this class warfare still resonate with the democratic party? these people are so, they don't care. they're going to keep going after the banks. they will keep going, pointing to private equity as mean and evil, if they can score political points. this will not change their tactics. that is the only thing they know. melissa: was he valuable then he gives that particular firm a little bit of insulation? look at kind of deals warburg

street -- melissa: why is this not a sad commentary on wall street? at love folks out there say this firm has been very suspicious for a long time. they were trading ahead of the street. they were too good. made too much money. all the talk on the street for years and years it was dirty money. >> you have to give people their presumption of innocence and you need to keep it in per speck. they had six people convicted of six people of insider trading. there is a firm of about a thousand people. this is not entirely clear a firm-wide problem although obviously when they agreed to right a very big check, in fact the biggest check ever it raises questions. melissa: it's a firm-wide problem. >> i'm sorry, i read -- melissa: ha is exactly what this was. >> right. melissa: the u.s. attorney, preet bharara, made the point no institution is too big to jail. sometimes you have to fault the entire institution for what is going on inside because it is endemic. they did let it happen and because, you knee, without somebody letting it go on, it couldn't have been s

are wall street guys, men and women funny? >> i don't know i think they're -- >> i take that as no. >> certainly funny people on wall street. the more senior you get on wall street the funnier you are. you can look back at your time and find levity in what you've been through. in this day and able everything is so heavily regulated, talking bassle 3, net interest margins. >> you can't afford to be funny. >> you're so by the book. >> you've done stand-up? >> i have to tell you it is not easy. i've been very closely covering the wall street funny man scene. first of all, i think that there is a lot of funny on wall street if you talk to some of these guys. i think compliance does strip out some of the funny. but there's rich material here. sometimes funny intentionally like what we've overheard in the goldman sachs elevator and sometimes not so funny intentionally i should say. don't mean to do it. like lloyd blankfein doing god's work. a lot of funny to be found. >> there you go, folks. >> good one, cindy. >> thanks very much.

that is coming up next. >> should wall street be freaking out? who will discuss the impact of the leadership right after the break. you really love, what would you do?" ♪ [ wan ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that pers were you? ♪ when you think about it, isn't that what retirement should be, payg ourselves to do what we love? ♪ wow...looat you. i've always tried to give it my best shot. these days i'm living with a higher risk of stroke due to afib, a type of irregular heartbeat, not caused by a heart valve problem. at first, i took warfarin, but i wondered, "could i up my game?" my doctor told me about eliquis. and three important reasons to takeliquis instd. onein a clinical trial, eliquis was proven to reduce the risk of stroke better than warfarin. two, eliquis had less major bleeding thanarfarin. and three... unlike warfarin, there's no routine blood testing. [ male announcer ] do

street game and guess what happened the students playing wall street game cooperated only thirty three percent of the time versus sixty seven percent of the time cooperation from the students playing community a game to discuss is our producer this is your original here is this welcome welcome now rachel is it just the phrase wall street that makes people want to do bad things it certainly seems that way the results of the study point to that and people seem to have the expectation that when they're playing the wall street game that they have to act in a little more cutthroat of a manner so you would imagine that if that's how people feel like they must do as students to people who are actually on wall street facing the real pressures of being a trader whatever they may be are feeling those pressures to a much larger extent and have the incentives that go along with it like bonuses for instance if they act in a cutthroat way but what's crazy about this is that the people didn't get as many prizes they didn't get as much money in some when they didn't cooperate and they knew this going

de blasio liaison to wall street. if you like to say there is to york scott rich wall street and everybody else and to a i will be for the little guy and a screw wall street if you make your liaison to wall street, he did not do anything illegal but it should be pointed out he was the top executive for a mouthpiece for a firm that did very bad things and something that de blasio should be held accountable. said the group even before it blew up her was a bigger role at that point head of government relations. citigroup was a troubled place where scandal ochered allah. billions of dollars of settlements were paid. we should also point out that de blasio wife got a nice little speechwriting job as city group. she wrote speeches for chuck prince. liz: this makes me feel better about de blasio and this is why. people say now i don't feel so bad. >> take the needle out of your arm? liz: don't e disrespectful but i think wall street's. >> clean the powder from your nose. >> i don't live in the york city i am not a resident b

liz: also, there are the biggest power players on wall street. can they deflect calls to break up their businesses? yes, banks. this is a huge question for investors. it could be a possibility. everyone is worried. we have some answers. stay here. at od, whatever business you're in, that's the business we're in with premium service like one of the best on-time delivery records and a low claims ratio, we dwhatever it takes to make your business our business. od. helping the world keep promises. ♪ liz: the financial sector. who among us does not own at least one bank? the best performing sector rising 25 map%, outpacing the overall market's, really done well, cut could restructuring boosts performance are hurt them? joining us now, senior vp, closer look at all of these things. you force a bank to break off pieces command i am just wondering if it destabilizes or strengthens it. >> again, i think what i am suggesting is that these banks are too big to really grown up, too complicated to really understand for most people, some multiples are low. b

you know it's wall street this week? wall street is doing bonkers. have you noticed the economic indicators? the country? the price of gasoline? who saved the country in economic recession? >> have you noticed the labor participation rate. >> yes. >> do you know what is it? the lowest now since who? who? >> jimmy carter. the other worst president. >> we have an aging society. you don't take it in account. >> go ahead, john. >> the reason unfortunate of the g.o.p. in my opinion is losing on the issue of government involved and healthcare is they are not proposing a real alternative. >> good point. i agree with jonathan. >> thank you, juan. bush came up with the prescription drug plan. republicans say we need to extent medicare and medicaid. republicans should want freedom of healthcare. >> go, jonathan go. >> are you for that, juan? are you for free market healthcare? >> i am a free market guy. i know there are simes simes tht wall street fails and when workers are exploited. we need government as a helping hand. safety net needs to be in place. >> th

wells are ringing on wall street. jcpenney is happy of other people are but we say it has been worse than it was. dow is trading not at the session lows but it may settle there. dow jones is down about 65 points. again all of the really negative action happened after we got the minutes from the october meeting of the fed and the market didn't like what they saw there, liz. liz: let's get to the front page headlines which of course include all of that. despite the government shutdown people continue to shop. well before the fed minutes came out we got the retail sales numbers of for october. they showed a gain of .4 of a percent. that came higher than the .1 of a percent gain most economists were expecting. david: it is good if you shop. priceline.com got a boost after the company was added to the goldman sachs conviction buy list. william shatner is a very happy man, looking at $1500 a share price target that they are poised to benefit from a european recovery. >> a deal for eagleford assets. that is the largest domes

street likes the fed -- >> wall street likes the fed. wall street done want any disturbances in the budget issues. kick the can. we'll get it to next we're. we want the gdp to inch forward by a couple points so we can bid up the stock price. everybody knives the same delusional bubble. and it's all going to compound in obamacare is going to end up costing hundreds of billions a year more than they've already admitted. >> all righty. have a nice dinner, a nice life. all right. >>> something else. remember that -- depends on what the meaning of the word "is" is. another lawyer, different president, same legalees. >> here's the things about presidents, they can find just the right word to confuse just about any of us. remember bill clinton? >> i did not have sexual real relations with that woman. >> focus on the same plausibility of deniability right here. >> if you like your healthcare plan, you can keep your healthcare plan. >> judge napolitano is a lawyer, and a damn good one. he says the president finding just the right legal words don'

street billionaires and so they you have a wall street an arm of the democratic party that has been getting bigger and bigger that is the wall street democrat that has their hand out they know hillary's getting to run getting getting ready to run and they know hillary's going to need money from wall street just like bill clinton took so much money from wall street just like obama took so much money from wall street so if the mismatch is has become so incredible incredibly one sided that short of some spectacular decision by the supreme court that we're never going to see where we take politics in money and separate the two we're never going to see a change to this we will have working poor the victims for year after year we're going to see this all the time now there's another piece to this too it seems to have. in the united states increasingly and i think that you can take this all over probably back to nixon and reagan turned it into an art form even though the vast majority of people in the states who are who are poor are white when a white politician refers to poor people or la

will that change with the eyes of wall street on it? will that change with pressures to make that quarterly profit. quarter after quarter, relentlessly, without end. as they try to look for ways to monotize user data. user information, user conversations. so i think in the short term, there probably won't be any change, and the long term lit be interesting to watch. >> monotizing user data can mean many things inclue colluding of course the most obvious placement of ads where do you think that and how that can change the perspective of people who use twitter. >> well, you always have to take a look at the user interface, that is what are they looking at when they look at a twitter screen. is it something that will be friendly to them using it even more. is it going to discouraging them from using it, will the ads be distracting will it be informative. most people ignore ads online that's the truth. and i think that's one of the stories that facebook doesn't want to tell, is who is really paying attention to the ads and the advertisers w

and there is a long chapter on occupy wall street. and they're both populist reactions to a sense in the institutions run by those elites no longer serve broader concerns and that diagnosis is accurate and will stay with us because it is accurate. it was a name more than a movement but a very important name they gave people a language to articulate a feeling that has been widely held and i've spent a lot of time and once it was ended, which showed it never had a deep foundation or structure, in a way it was something they wanted everything to be labeled with no leaders and goals and demands. and that did, it did through the media today articulate something that is real and the tea party has more the basis in local politics and parties and it came and went pretty fast. and this includes moving in the direction of socialism and libertarianism and you can't have both as they were both saying. one of the main characters among the celebrities as robert rubin and a shining example of wall street and washington and a complete failure because

in today's first look: the sell off continues on wall street.. as uncertainity rises over the fed's taper timeline. yesterday, the blue chips lost 66 points, the nasdaq 11 and s&p 7.gold really took hit with a $31 dollar plunge. oil remained unchanged. yahoo shares gained nearly 3% on plans for 5 billion stock buy back.. green mountain stock percolated in heavy trading last nighton earnings that spilled beyond estimates but the outlook was murky.and, the tribune has a plan on the table to cut 700 newspaper jobs. mark sebastian of swan wealth advisors joins us now for a look at the trading day. good morning mark. a lot of people are still buzzing about those fomc minutes that were released yesterday. > >i think a lot of people were expecting the talk to be march or april of next year. the talk was we can taper whatever we want. we can taper up or we can taper down. they can adjust their bond buying program at their own will and i think that caught people off guard. that's why we saw the s &ps give up their gains yesterday. > >what about the retail

and what is wall street hearing? we hear a lot of discussion sort of off-line that wall street feels picked upon, the word vendetta is used with respect to either sac capital, this has been going on for a long time, picking on him, picking on chase, what is wall street hearing from these kinds of actions? is bharara's message being heard. >> be scared, be very scared. seriously i hear two trains of thought. one is that sac is guilty, that the firm has always been regarded as a place where insider trading flourished and good for the government. i hear a distinctly other train of thought which is that nothing sac has done is worse than anything else. the fact that the government can't get cohen himself proves this has been a vendetta against sac and extremely unfair for the government to have in effect shut sac down and brought these fines without ever being able to get close to cohen personally. and i really think there's a hugely split opinion and it really depends on who you talk to. >> the other aspect of this is t

america their bloated carcasses fed it gluttonous money changers and derivative devils on wall street i'm sorry said the repentant quantitative easer home. alas andrew the pope was spoken has spoken and he says harrys of london does a nice line of cement shoes the lovely maxwell the pope headline reads as follows pope francis corruption fury tie them to a rock and throw them in the sea he was talking about corrupt officials whether or not he was speaking about the church or government officials it's up open to interpretation but i think your cement shoe quote came from the king keiser version of the bible right you know member over there goldman sachs you have the head of the c.e.o. saying he does god's work lloyd blankfein well probably the pope who is the god's bishop on earth begs to differ the nice say basically saying that lloyd blankfein should be thrown into the river with a stone tied to his neck if these politicians and these governments aren't going to enforce justice then they want some vigilante old style just the only. instance is of this type of vigilantism in the greate

street which offers these pension funds which need a steady return of about seven percent wall street has offered them very risky deals in order to fund their retirees right so that's another byproduct if you will of zero percent interest rate policies that the fed and the bank of england and other central banks have been pursuing over the past five or six years not only to savers good zero on their savings currently not only does it cause deflation that screws workers but it also is making these pension systems bankrupt because you need at least seven percent as you're saying to keep them funded in a way that works so that when you do it's are you've got money but since interest rates are so low these pension funds are becoming bankrupt and before they get bankrupt states and corporations are now raiding their own pension funds to pay off the folks on the inside who don't seem to have any compunction what so. never about simply stealing money now we had a series of bubbles charles two smith we found you have a brilliant chart on your side of detailing this we've had the tech bubble f

covering the week, david wessel "wall street journal," christi parsons of tribune newspapers. slate magazineof and cbs news and ed o'keefe of ."e "washington post". >> award winning reporting and covering history as it happe happens. capital, our nation's this is "washington week" with gwen ifill. corporate funding for "washington week" is provided by - >> at northrup grumman we know evolving.e always at first we were protecting networks. then we were protecting the of data. today it is evolved to infrastructure. finance. missions.ry we are constantly innovating to advance the front lane in the battle wherever it takes us. that is the value of performance. grumman. washington n from gwen: assessing the state of the conomy has become a puzzling task. today we heard good news that employers added more than the 00 jobs in october but jobless rate went up from 7.2% 7.3%. end s is the very day it ended. gwen: i don't know about you but whenever i'm puzzled i get to to david wessel to sort things out. is the president right? not really. i think what you heard from most of washington

wall street is working well because of capitalism. google is announcing today that they're open to show rooms. there also a phone company. i like what we are seeing overall. i'm not euphoric. i think to all 14 will be a positive year. constructively build on roads free. 18 million and a country of billions is not much street but we are a world and we. aquila check back with rob for today's winners and losers on wall street at 915. >>james: we are getting ready for the holidays with a special dining and shopping guide here on kron4. it's our holiday gadgets and goody special coming up november 22nd. the vicki liviakis was sure you the best holiday eats and treats. high-tech reporter will highlight the hottest items that will be sure to impress you on your holiday list. friday at 9:00 p.m.. >>anny: time now is 652. coming up on the kron4 morning news we will take a look at bay area sports thrift a little bit of a reversal with our riders winning and the niners fans feeling. lovely shot of the sunrise this morning for more details on the

state of easing of course did help wall street because the banking shares are up triple but also just point two percent of banks now control more than seventy percent of u.s. bank assets one of the too big to fail banks even bigger the mergers and acquisitions in that space accelerated using free money and zero percent interest for the banks and you end up with this financial apartheid i'd like to see the pope francis come out against financial apartheid where you have low interest rates for those who are committing fraud and high interest rates or somebody who's trying to work for a living or save money for a living that's a fine. apartheid wall driven by interest rates worst pope francis on this pope i know you're not a dope so see if you can do something more than just grab yourself and stop say something about this quantitative easing has not only helped wall street according to the city am today in the u.k. one point six trillion the shocking amount the governments have gained from quantitative easing this is for the u.s. u.k. and euro zone zone governments they say one point six

wall street is all atwitter over twitter's i.p.o. the shares debuting right new on wall street. they are priced at $26. the company will raise $1.8 billion. >> the cofounders stand to earn quite a few zeros out of this. famous british actor who played on star trek. he is all atwitter, too. >> i don't see the two co-founders. they are probably busy and ready to count their money, as well. >> that is why i heard someone say before they pushed the opening bell "engage." >> love that guy. he has a great voice. i could listen to him read the phone book. so jealous. we are looking at live doppler 7 hd with cloud cover. we have warmer temperatures. most of us are in the 40's and 50's and today we will be close to yesterday with a slight cooling trend. 54 at 7:00 and in the mid-to-upper 60's for the better part of the afternoon and at 7:00 we will be 57. the next 12 hours inland not so cool as year. a lost mid-to-upper 40's and in the upper 60's to 70's. high clouds are thicker today, more so than yesterday. the court will be cooler at 48 this morning but upper 50's to low 50's for the

it's a great day on wall street for many of these wall street names but not cisco systems. liz: indeed. and as we say, in just minutes john chambers will get in front of our cameras, and we'll talk to him about how he plans to turn the situation around. let's not forget we got first-time jobless claims numbers which we always get on thursday, they did fall. they missed estimates, but gentlemen, and mark newton, you start with this one first. i like, and we see the dow is up 41 points, once again a record. i'm not going to ask you that same question of is the rally stretch, but more importantly, what's been a ceiling for the s&p 500? because this market marchs higher. >> we've all talked about the this before, we're nearing the one-year anniversary of last year's lows. so we're up about 32% since then. so an amazing move in the last year led by consumer discretionary. yesterday after the testimony was leaked, the market broke out, and we have continued higher. we're already overbought again in the very short term, but volume is really lacking. not where we want to see on thi

street which offers these pension funds which need a steady return of about seven percent wall street has offered them very risky deals in order to fund their retirees right so that's another byproduct if you will of zero percent interest rate policies that the fed and the bank of england and other central banks have been pursuing over the past five or six years not only does savers good zero on their savings currently not only does it cause deflation that screws workers but it also is making these pension systems bankrupt because you need at least seven percent as you're saying to keep them funded in a way that works so that when you do it's are you got money but since interest rates are so low these pension funds are becoming bankrupt and before they get bankrupt states and corporations are now raiding their own pension funds to pay off the folks on the inside who don't seem to have any compunction what so. never about simply stealing money now we had a series of of bubbles charles two smith we've had you have a brilliant chart on your side of detailing this we've had the tech bubbl

wall street is the -- occupy wall street is a negative thing in this administration. but the clintons made a point of treasury secretary from wall street. i think larry wants that job. >> i get why wall street might like chris christie, because he has been a governor. he's turned that state around in many, many ways. you look at the president we've got right now. he's somebody who has never run anything before and as they start to implement the affordable care act, that's clear. so you need someone who knows that they're doing. >> christie is a form prosecutor. wall street, even democrats on wall street and republicans are much more moderate than the rest of the party. the wall street republicans generally aren't tea party people. ken langon, if you listen to his view, it wouldn't be of a tea party sort of bent. the same with democrats. lied -- loyd is a moderate. >> hillary clinton has not run something before. if you look at her career as a secretary of state, she logged a lot of miles, but people say she really doesn't have many achievements. then as a senator, i m

tiffany is well liked on wall street---both as a company and as a stock to trade. there's high volume, option activity is high. the guys on the floor here see nothing again but the bright side to tiffany's > >but shouldn't people be cautious of buying the stock when it's at such a high level already? > >you can look all across the s &p 500 marketplace over the last 6,9,12 months and all of these stocks that have been at all time highs you can say the same thing about any of them. but tiffany especially because they are the class of the high end retail space. if any of these high end retailers are gonna make it, it's gonna be tiffany's. i would have no qualms whatsoever. > >thank you scott. time for us to pack it up for today.coming up tomorrow-- the best holiday temp jobs for baby boomers.we hope you will join us. from all of us at first business...thank you for watching and have a tremendous tuesday! ♪ >> now a paid presentation for meaningful beauty advanced by cindy crawford. >> with special appearances by debra messing. >> valere bertinelli. >> christa miller

is all the word on wall street. despicable details. can you ever have to my "money." ♪ at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, od. helping the world keep promises. we do whatever it takes to make your business our business. ♪ melissa: it is time to lock up your cup cakes. the fda's drug down the gauntlet. indicating that they want to eliminate all transplants from the food supply. some food companies may be headed for a skinnier bottom line. joining us now in a fox business exclusive, ceo. thank you for coming on the show. i understand you have three products that are going to fall under the banner. how you feel about this? >> not so bad at all. 100 percent of the institutional products do not have fans that. 95 percent of the retail products don't. we have three products and our retail line. boxes, the grocery store that have -- some really -- melissa: i love that fudge brownie. we have that makes at home. cornbread

a big-name wall street hedge fund-- s.a.c. capital advisors-- agreed to plead guilty and pay a record $1.8 billion dollars for insider trading. egypt's deposed president mohammed morsi went on trial for inciting the killing of protesters. he insisted he's still the country's legitimate leader. on the newshour online right now, more on our minimum wage story. discover what the minimum livable wage is in your area, and watch paul solman's interview with the creator of the self-sufficiency standard. all that and more is on our web site, newshour.pbs.org. and that's the newshour for tonight. on tuesday, we'll look at the case of the scorned woman who tried to poison her husband's lover in a case that actually reached the supreme court. i'm gwen ifill, we'll see you online and again here tomorrow evening. for all of us here at the pbs newshour, thank you and good night. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> supported by the john d. and cat

let's ask "wall street journal" columnist and deputy editor dan letti lettinger. and editorial board member joe raggo. all things health care, does this fix anything really? >> it might fix a little bit but the president is basically a guy who has caused the apolyps and comes around and says i'm going to rebuild civilization for the survivors. >> he's blown up the individual market. deliberately so because he wanted to put people in the exchanges. those people, cancellation, have now proven to be very unpopular. he's trying to say, okay, you can save it. but only for a year. what sense does that make? you can keep your policy for i year but you have to give it up next year? >> he's saying only people co covered in 2013 can take advantage of this option. there's no -- he's not trying to create a viable individual insurance market outside of the exchanges. he's trying to calm down a political furor. >> okay. dan? >> the same day he gave the press conference, the head of the white house economicgene sp appearing at an event. he said all of this was transitional. what