Apple moving beautifully today at 12. 77 per share. Tomorrow is the day, october 22, where we will be getting new ipads. Expected to be thinner, faster processors. In the meantime talking about shipments of computers and tablets and mobile phones and how that will increase year over year. Shipments of tablets expected to rise 53 , 184 million. Overall seeing strong competition, certainly plenty of desire, and the stock tomorrow is getting a nice jump. This year still to the downside, has not even into moving into positive territory. They are hoping for the new ipads tomorrow. Liz is it an updated. Mac upgrade or a refresh . Nicole i saw some new ipad mini and ipad. You will see some new product coming out and they will be thinner and sleeker and faster processor. Liz they are already thin and sleek. Nicole and the Holiday Season is coming up. And apple product will be on the list. Liz the s p 1800. Have you heard people talking about that lately . Were seeing serious resistance way lower than that. The New York Stock Exchange steamy group and the nymex covered. Ben willis, how realistic or unrealistic as it we will see s p 1800 by the end of the year . Will be as realistic as me, and sleeker thinner and faster. Liz you already are. 1800 is a bit of a stretch. We need to take a breath in between, but can it happen . The way it has been going, absolutely. Evidently the fed did taper, just in volume. It is not a fun few weeks since that started. Volume even worse today than it has been. Liz wanting to take a swat at 1800. When do you think we will see that, and it seems from our mouth to gods ears like smooth sailing at the moment. Were in a risk reward position right now. It is just huge. The trees dont grow to the sky. 1800 is in sight. Holiday season coming up, everybody still anticipating not only the two rapidfire jobs numbers in a row that we are going to get, the Holiday Season and the january fight again. It is just too great. But i dont see resistance for the market to struggle in the next four to six months. Earnings have been mixed but hasnt been terrible. Slowly moving sideways in the fed will not taper with that situation. Liz the man, one of the few that they would not see tapering at the last meeting. Which brings me to tom riley. Stop pointing out i was right. Tom, you have been right on calls with oil. I know. We have decoupled from the stock market. I dont know if were going to be the canary in the coal mine sending the stock market lower or the forbearance of that but oil looks pretty weak right now. There is not a lot between 92, 98, we could get there pretty quick. Nk you very much, great to see all of you on the floor show. Ben willis, you dont need any plastic surgery. I just saw that. Under the chandelier, i saw it on hbo. Better late than never. Tomorrow we finally get the september jobs report after the Government Shutdown delayed the data. So what can we expect to see in the reporting wha when will othr Government Data be released . Joining us is peter barnes. Peter i will try to shed some light on this. All of us in the Federal Reserve will be playing some catchup with the sudden release of the delayed economic reports. A flood of them. As a result, fed officials and many economists dont expect the fed to start reducing, start tapering the qe bond purchases it is meeting next week. It is all about the taper. The data being used to figure all this out. The december meeting of the fed is probably the soonest it would move because of delays and contamination because of missed Data Collection during the shutdown. It all starts tomorrow with the september jobs report two and half weeks late, consensus estimate is it created 180,000 nonfarm payroll jobs last month and the Unemployment Rate held steady the 7. 3 . Today it different Government Agency released report states for a slew of other reports. This thursday the Census Department will release the trade report for august. September retail sales will now come out august 29. The first read on thirdquarter gdp which is supposed to be next week, and the september trade report will come out november 14. And then on november 26, september and october housing starts. Get ready, it is all coming. Liz we love big data. If you dont get it, you can get a sense from other companies and needless to say we have been doing that. They have put together something cobbled together from the 200 companies they follow. Gave us a sense of what gdp would be, et cetera. We will find a way. The closing bell in 53 minutes. We talk of wall street today right now this minutes Jpmorgan Ceo Jamie Dimon tended to 13 billion settlement with the department of justice. What does this really mean for jamie dimon himself . This deal that has been struck. Charlie gasparino has exclusive new details. And stars like Justin Timberlake and Carmelo Anthony are in the spotlight at one of the worlds Biggest Software companies. How is that possible . A brandnew marriage between superstars and software. He is bringing along a secret ceo. You dont want to miss this. Minutes away. Its a growing trend in business do more with less with ss energy. Hp is help. Soon, the worlds most intelligent servers, designed by hp, will give ups over twice the performance, using forty percent less energy. Multiply that across over a thousand locations, and theyll provide the same benefit to the environment as over 60,000 trees. Thats a trend we can all get behind. Help the gulf when we made recover and learn the gulf, bp from what happened so we could be a better, safer energy company. I can tell you safety is at the heart of everything we do. Weve added cuttingedge technology, like a new deepwater well cap and a stateoftheart monitoring center, whe experts watch over all drilling activity twentyfourseven. And were sharing what weve learned, so we can all produce energy more safely. Our commitment has never been stronger. Liz let the sunshine in. Power mover of the hour is first solar. Shares are moving ever jpmorgan left the firm as one of the top picks in the cleantech space reaffirming the buy rating on the stock jumping more than 3 right now. Other names, solar city and others. Moving slightly lower, but it has been on a tear since it went public a few months ago on the nasdaq. Legal woes at the nations biggest bank. Now, settle in several for a record 13 billion. Charlie gasparino to discuss when we may see a deal finalized. Charlie i thought maybe it would be today. Normally when these are leaked out, the kind of wrap up fast but i think it will take a few days. More than the size of this, and the size is pretty big. I am pretty sure it is the largest regulatory settlement i have ever covered in recent history. It is the notion of what jpmorgan is going to agree to in terms of their culpability in this bid there will be some language where they will say the banks or the banks we acquired did xyz. According to how strong that languages, that will depend on how much ultimately jpmorgan plays. It is a fact of life on wall street, but what is ramping them up, this is a huge bone the obama is throwing is the notion now that they are forcing banks to admit some guilt. When you admit some guilt, a classaction lawyer says look, jpmorgan admitted some guilt, guess what, were going to sue on behalf of investors. That is where the 13 billion settlement can go to 26 billion. The flipside is you will say they deserve to be sued because they committed, they did wrong, they did some bad things selling and packaging Residential Mortgage securities back during the financial crisis and years prior to the 2008 crisis. If you drill down into the stuff that jpmorgan is being accused of particularly in this settlement, take out the criminal probe going down in sacramento, excuse me, in california of u. S. Attorney, sacramento looking at their activities but it looks like a lot of this stuff is coming from bear stearns and Washington Mutual to banks jpmorgan was asked to take over during the financial crisis basically to stem this Systemic Risk that was spreading during the fall of 2008. He is not going anywhere, ceo. At some point based on all this stuff he has to give up chairman, Something Like that. I can smell it. There is going to be, this is, when the final story gets written on this thing, at least the first story, when this story fully break it will be historic. A massive, massive penalty, and then whatever they concede too, they concede something that is fairly aggressive, they will be sued even more. Tracy it is the largest settlement, it will be 13 billion. You think murderers never pay that much, it is just stunning to me. Punitive. Charlie i looked at the relative sentences for certain types of rape and Insider Trading. They are pretty similar. You can go to jail for 10 years and Insider Trading charge. You can go to jail for eight years on a burglary, robbery. Whitecollar crimes carry very stiff sentences. We should point out this is purely civil. The hammer they have over jpmorgans head is like never before, the banks are regulated and they know they can sue jpmorgan an essentially put the bank out of his best to a certain extent. They can force massive structural change breaking it up, firing dimon. That is why he will pay them and admit, if you are jpmorgan shareholder, only down marginally, i would be scared. This is bad stuff. Tracy we can ask the most outspoken banking analyst around. Why arent you down on the set . They wanted to make sure did not miss any single word coming out of my mouth. It was a little late. Had to cut my time down. The market will be deprived of such wris wisdom and knowledge. Tell michael i said hi. Liz i certainly would. You could do it yourself. Come on down. The closing bell ringing in just about 43 minutes. Speaking about jpmorgan, we have mike mayo in the fox business layer. He will give us his take on the 13 billion tentative settlement. We will ask what bank may be in the sites next. When it comes to sports and entertainment, bill mcdermount has a bold new vision and a bold new partner. We will give you a hint. They own some of the most famous sports teams on the planet. Bill mcdermount and his mystery ceo guest coming up. [ male announcer ] need help keeping your digestive balance in sync . Try align. Its the number one ge recommended probiotic that helps maintain digestive balance. Stay in the groove with align. Liz when it comes to sports these days it seems like it is all about data and analyzing that data. Like the movie money ball, the manager of the oakland as had an analytical approach to assemble the winning team, and it worked. One tech giant is following suit targeting the crowd instead. The biggest maker of finish the mac Business ManagementSoftware Taking a lead in to sports analytics. Wait until you hear who he is partnering with. Running me now, bill mcdermount, saps coceo. You kind of look like brad pitt. Thank you. Liz you had very nice earnings today. The market still loves them. Look at your stock up 3. 5 . Why does the market embrace this kind of news . Speak i think the market likes innovation. If you look at our business, growing 13 year over year 13th consecutive quarter, obviously delivered even better operating profits on a percentage basis, they love that we are innovating. I have told you about this platform. If you take all the information, transactional, analytics, machine to machine, mobile, connect all that was dumb in one database, one platform that can run an entire company or an entire industry value chain, you can change the world. Liz left me splendid people, what does sap do . You make businesses run more intelligently. You can harness the power of everything from employees trying to talk to each other to assembling some of the data. We were there when you started investing in the cloud and since then you have put in billions. You put in millions of dollars. The revenue more than tripled, and yet youre still not profitable. When will you be profitable . We have been profitable the last four quarters in the cloud. You are right, in 2010 we had very little revenue in the cloud. Now we are the Fastest GrowingCloud Company in the world with 33 million users using our software. The second largest Cloud Company in the world measured by revenue. The trajectory of sap in the cloud is quite fascinating. Heres the deal with the cloud. You recognize revenue in the cloud over three years subscription. Liz we are almost there. Once you hit it, you get all these renewals at a low cost of sales. Liz back in 2010 that was your new initiative. What is your initiative now . This new platform. It is everything. It is everything. I was just in palo alto last thursday and friday with 100 of the top ceos in the world. The number one thing theyre trying to get their hands around his big data. They call this the big data problem. Liz give us a Partnership Example that is working really well. You want to do sports and media . Lets take the San Francisco 49ers. My great friend. Since we are in new york, can we do something locally . How about we talk about the greatest sports arena on earth right here in new york city, how about we talk about Madison Square garden, without be all right . Liz is that an opportunity you are dealing with . I dont trust you, want to ask the ceo. Bring him and just so you know, why take bill mcdermounts ideas and his idea, see if it really works. Hi, hank. Thank you for coming in. Good to see you, hank. What is this guy, sap, what are they doing for you . This is my heart had from the billion dollars transformation that is Madison Square garden. What is sap doing for you . I thought you were going to wear the hardhat. Liz i can put it on. It will ruin my hair for the hour. We are finishing the transformation of Madison Square garden. A brandnew arena inside the arena. Were reopening on friday night and we are in the most they miss arena will become the worlds most technologically advanced arena. Sap is helping us do that. Liz what are they harnessing for you . Harnessing the power of information. Information about our customers. Our business is all about our customers and pleasing them. And the technologies they help provide us we will learn more about it. Liz you are coming in at a good time because theyre about to unveil one of the clos coolest s of the transformation. That is the sky bridges. We have followed, fox business has been in every step of the way. Those sky bridges are going to be amazing. What will they be able to do for the viewer . They are excellent, they are the first of their kind. Nowhere in any venue in the world are their bridge seating. Suspended concourses, suspended bridges that create such a unique view of the action, so much closer to the action and it will be another one of those landmark iconic things Madison Square garden stands for. Tracy it is going to be one of my favorite areas. It goes through 366 special points in the garden, just fascinating to see. Theres a partnership founded harnessing the social media data that can help you guys figure out what is working. Information about peoples preferences. But as you said, we have one day for every day of the calendar year. Dating back to 1879. Sap is sponsoring it. We have 20 memorable moments with displays and memorabilia, going back again to the sponsoring as well. Liz saying one else is msg going to harness us with. You guys got a hold of that, when does it open, who is your opening act . It is totally being renovated. Brandnew oneofakind. Liz i saw in the 70s, my dad took me, i was too young to go by myself. Im so excited about this. We will be starting with the eagles and a worldclass allstar lineup will be coming and following them. The two most iconic arenas on the east coast and west coast we are so excited to have sap with us. Liz sports and entertainment, to be able to get numbers, realtime numbers and do what . Visionary leaders like hank are hard to come by. Think about this, if you believe like i believe the millennial generation, first one born into the mobile device wants to be treated as one individual, they want you to know them, they want you to know them on the device. What reference do they have, what is the experience . Front row would be nice. If it happens to be an inconvenience, hank heavily wants to know about that to move into a better seat if there is one available. Probably provisioning food and services and the in Game Experience that is unbelievable. It would be really nice to have some sort of a notification from the garden. The idea of the intimacy grabbing everything about that fan from social media, other experiences, their history with the club, history with the stadium, this is what we are doing. Liz can he tell you how much you can get . Word is you have hired jpmorgan to find out what it might be worth. It is a very valuable asset. An asset a lot of interest is expressed it we have hired jpmorgan to run a process for us. Liz congratulations. Everybody should go to the garden. Named as the coolest arena. The coolest arena. Even better with the sky bridges. Hank and bill, good to see you. Thank you for coming to tell the sap story. Thank you for the partnership. Thank you. Liz i promised hank i would do it. The closing bell ringing in 29 minutes. On a different note, 13 billion hit from the government, are the banks simply too big to succeed in this Regulatory Environment . Mike mayo walking and right now, he is joining us after the break to give us his opinion next area thank you orville and wilbur. Amelia. Neil and buzz for teaching us that you cant create the future. By clinging to the past. And with that youre history. Instead of looking behind. Delta is looking beyond. 80 thousand of us investing billions. In everything from the best experiences below. To the finest comforts above. Were not simply saluting history. Were making it. She loves a lot of its what you love about her. But your erectile dysfunction that could be a ques