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tv   Street Signs  CNBC  November 21, 2012 2:00pm-3:00pm EST

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eastern time in the middle east. michelle, great to be with you this week. this does it for "power lunch." "street signs" with david faber and mandy begins right now. we begin with breaking news. it is 2:00 p.m. in the east, 9:00 p.m. in the middle east where a cease-fire is now in effect. i'm mandy drury. hello, everybody. brian is off today but we have david faber sitting in the chair. thank you very much. let's get straight to nbc's jim maceda live in cairo. jim, tell us the very latest on this cease-fire which we believe is kicking off right now. >> reporter: right. right now. 9:00 p.m. my time, 2:00 p.m. eastern on this day eight of the conflict. u.s. secretary of state hillary clinton announced about an hour ago that a truce had been reached between israel and hamas. so starting now, israel stops all military action in gaza, including those targeted killings. palestinians, on the other hand, will stop launching rockets on
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israel and border attacks on israeli troops. but there is no signed agreement. this is very important. instead, israel and hamas have agreed on an understanding, a kind of exchange of quiet for quiet, if you will, which will be the first phase. that will be followed by a second phase of intense negotiations. those will be anchored and supported and guaranteed by egypt and the united states to try to resolve the key demands on both sides. the sticking points are still hamas wants the blockade of gaza lifted immediately. israel wants an immediate end to all weapons smuggling. neither of those demands will be reached today. that's going to take some time. but at least both sides have agreed in principle to these demands and that they need to be worked out. as a result, mandy, there's a collective sigh of relief in this troubled region tonight. back to you. >> thank you very much for the update. let's get down to sharon eper southern at the nymex. as you might imagine, there's been some movement in the energy
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market. >> definitely. a collective sigh of relief perhaps but traders are still wary. we are still looking at some geopolitical risk premium that remains in this market, though oil is well off of the high. we saw at the beginning of the week and off of the gains we saw earlier in this session. as traders try to weigh what this cease-fire really means in terms of the fact that there's still no comprehensive plan in place. that's what's really influencing the oil trade as we're seeing it right now. we still have brent crude prices that are above $110 a barrel and nymex crude prices above $87 a barrel. we're continuing to watch the price action after the rally that we saw that was so very strong on monday. now we're pretty much in the middle of the range we've been in over the last three days. it is important to note though that as traders weigh this they are still saying there are reports that does not mean this is peace in the middle east. this is a stecease-fire but the comprehensive plans remains to be seen.
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we must mention about natural gas. natural gas is at a 2012 high right now. we got some data out on natural gas in this session and that sent it do aboto above $3.90. let's break down some of the headlines with barclays senior geopolitical analyst within commodities research. she joins us now. i would assume there's still plenty of problems to deal with in the middle east. but having taken this away at least briefly, perhaps we can hope for perhaps some time it does help things. does it not? >> i think in terms of fear about a broader contagion involving multiple middle east actors, everybody can breathe a sigh of relief. now we have to watch whether the situation really stabilizes. we had the bus bombing this morning and one question were people asking, how much control does that mass have over all the elements in gaza. a number of rocket attacks carried out this year were carried out from more extreme groups than hamas. question is can hamas really guarantee all the civility that we need in gaza. >> indeed. if the truce holds, as you say,
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lots of things we need to still get through, lots of negotiations and sticking points. if the truce holds, how much could oil prices come off? >> we could see it coming off a few dollars. i think certainly people will start to look at the macro picture of the economics. but in terms of the geopolitical surge, we think there is a lot of risk out there. we think it is more after risk of iran and more of a 2013 issue but we think that's the big threat that's not going away. with many respects what's happening in gaza really didn't have any potential impact on crude supplies. iran is a much bigger story we need to watch. >> and one that continues to develop. of course as they continue to move closer potentially to having nuclear capability. what are your expectations as we move towards the end of this year and into next when it comes to iran if that is the key focus in the region? >> we expect another round of the cease-fire plus more multi multi-lateral talks with iran. will the west be able to remove
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sanctions and get a deal that satisfies all parties. at this point i'm not sure there is an easy off-ramp to negotiations. think iran will demand at a minimum low level enrichment. i don't think they'll suspend their enrichment potential so i think it will be problematic to get a deal. >> i know it is speculation. if iran gets involved, what could this mean for the price of oil? >> iran has provided significant financial support for hamas, long-range rockets hamas has came from iran. there was a concern could israel use what was going on in gaza as a pretext to open up a second affront against iran. at this point the iranian regime has been really relatively quiet, offering some support but they've shown no signs of wanting to get involved in this dispute and its relations with hamas have really cooled over the issue of syria. >> in the meantime, we hope the quiet for quiet in the gaza strip holds. also happening at this hour, the thanksgiving exodus. it is on across the country from new york city to boston and
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philly to los angeles. traffic is starting to build, folks. you're seeing live pictures of what it is looking like out there. we are getting you up to speed before you hit the road. we're also getting you up to speed on what's happening in the markets where the dow did move up after the cease-fire announcement and is holding around session highs. this is a whole lot better than last year when the dow fell 4.8% during the thanksgiving week. it was the worst performance since the markets began observing the holiday in 1942. another factoid for you -- since 1950 the s&p 500 has been positive 77% of the time on the wednesday before thanksgiving and the bullish trend historically extends shortly after. three big stock movers for you. scholastic, chipotle up its share buyback program and mylan getting a credit upgrade by both moody's and s&p. a rare update for shares of hewlett-packard. one day after it leveled
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significant charges of accounting improprieties and a will full effort to mislead at the former management of autonomy. that management team led by co-founder and ceo michael limplynch who's been aggressively refuting charges. yesterday dr. lynch told cnbc he was blindsided. >> we're shocked. we've been pretty ambushed by this today. first we heard about it was a press release and we actually refute them. these are absolutely factually incorrect. we'd like to learn more about them. i'm afraid the details haven't been shared with us. >> that of course being the charges leveled against them. sources close to the investigation tell me that while lynch may not have known charges of accounting fraud were going to be leveled at his former company, he was the recipient of many questions about specific transactions from those investigating on behalf of hp after he had left the company. sources tell me he and other former members of autonomy were asked during a meeting last june with representatives of hp,
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specific questions about many of of the practices that hp brought public yesterday whether it said it had essentially been duped by autonomy. sources close to the investigation tell me lynch's answers were vague, unhelpful and he was not spoken with. again we also heard from deloitte, the accounting firm that signed off on autonomy's financials. the company categorically denying any knowledge of any accounting improprieties or representations in autonomy's financial statements. they say they conducted audit work with full compliance of regulation and professional standards. thanks very much for that, of course. >> thanks very much. there's a lot of finger pointsing, right? going on with regard to this story. >> great deal of finger pointing. we want to bring in nbc's "vanity fair" contributing editor, by the way, a lady that also knows a thing or two about accounting fraud given she wrote the book on enron. bethany, a pleasure to have you. let's get your take on these
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charges. now we have kind of a he said/she said thing going on here. >> i think it is the same old story which is that you have outside skeptics saying there's something wrong at autonomy and people were short hp as a result of their skepticism about autonomy. and everybody on the inside says, no problem, no problem, there were no signs there were any issues. think it is the same old story where people on the outside who have an incentive to figure out that their problems do and those on the inside with every incentive to look the other way look the other way. >> is meg off the hook on this one? >> i don't think she's entirely off the hook. i don't think anyone who's involved in any aspect of this is off the hook but i wouldn't put her at the top of the list of people to blame. i'd be pointing the finger at the accounting firm, deloitte and hp's due diligence team before i'd be looking to meg whitman. >> at this point, us a poithere
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plenty of short sellers at this point who raised many, many toughess. one wouldn't expect a board to get into forensic accounting but it was interesting to note why weren't more questions asked by the due diligence. we do know hewlett-packard's cfo had serious reservations but she was overruled by the board and the former ceo. >> at least one short seller has gone public. he wrote on this blog this morning, an australian guy, what he saw at autonomy that made his raise questions. it was basically that a soft wear firm should have low receivables and high earned incop. in autonomy's case it was exactly the opposite. he said that's basically the 20-second version of why i looked at this and saw there were problems. if indeed it is that easy, there is that apparent of a red flag just from the audited financial statements, you really have to ask why didn't any of the rest of these people who had much greater access to autonomy and its accounts raise the same questions. >> bethany, hold that thought.
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i want to bring in herb greenberg. it feels like a bit of deja vu to this story. >> one of the great going way back. which i'm always reminded of in this situation, mattel and the learning company. learning company is a company co-run by kevin o'leary, mark cuban's nemesis in the shark tank. he ran that company. short sellers were all over it. then mattel desperate to jump-start its growth by going into software buys the learning company, a quarter or two later, kaboom, the whole thing blows up, almost brings mattel down with it. >> there are a number of those examples where we've seen short sellers, you say maybe they got it wrong. at the end of the day they lost money but oftentimes they ended up getting it right. >> there was another case, involving medtronic. over and over and over again. >> history has a way of repeating itself. >> that's one of short tellers'
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great fears, that they'll be right and proven right but some big dumb acquirer will come along and take the company at a premium. >> along those lines, you mentioned john hampton, a very smart hedge fund manager, australia. one of his favorites that he says keep an eye on -- kind of interesting -- a company called china shanghai. bought buy medtronic november 1st. i was on this show of on october 12th talking about it saying is medtronic buying trouble. this is a company where have you short sellers and forensics in this country and in china raising red flags about it. i know that people brought medtronic in said hey, look at this. they said to me we did our extensive due diligence. down the road you'll be watching medtronic and raising the question are there issues. >> bethany be where do we go from here? >> i think it is going to be really interesting to watch how
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this plays out and see what deloitte and kpmh should have known and it was f it was the accounting was an obvious through the financial statements as people claim there was. then there will be lawsuits, investigations. legal authorities will get involved. it's going to be crazy. but i guess it will be fun for all of us. >> i tell you who's going to win out of this one -- the lawyers. they're all rubbing their hands with glee. thank you, bethany mcclean. happening right now on the day before thanksgiving, we have the president and his daughters ready to pardon the turkeys in the rose garden. the president says think of the people affected by hurricane sandy. we've got cobbler and gobbler. they're both 19-week old 14-pound turkeys. don't know about you, david, but mine is a 20-pound turkey. >> that's quite a big bird. they will be pardoned, living the good life. >> will they go back to enjoying
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greener pastures in virginia where they were raised. the two names, cobbler and gobbler were choens by some elementary school students in virginia. >> 55th year of the turkey pardon ing bit president. how do you make money when everyone else seems to be really paralyzed by their fiscal cliff fears? later we are talking turkey -- turkey stocks. are any worth gobbling up? and sully's off today. next week is the big week for the big guy. three days, three cities. see what spots are thriving. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading.
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you are looking at a live picture of capitol hill on the day before thanksgiving. what's happening there? we hit our highs for the day on word of that cease-fire that's supposed to go into effect over in gaza. important thing is all the markets up throughout the day. the one that's not -- we're trying to figure out what's going on here -- utility stocks which moved down just about the last half-hour. all the names sort of move to the downside. no news out there, maybe a little bit related to sandy, maybe a little bit related to some of the dividends that they
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pay and the fiscal cliff issues but i don't see anything out there. i'll continue to make some phone calls on that. in terms of what's moving today, what's been moving all week. some of these risk-on names, gold stocks. defense stocks. retail and insurance stocks. these are small gains. fractional gains that they're making but they are among the market leaders today. what we have through the week is what i call a honey money period between wall street and congress over the fiscal cliff. energy, financials, all your risk-on names up throughout the week. i give this a week and a half. most of the trading community does, too. if we don't get some clear indications of the outlines of the deal by about the first week -- second week of december -- i mean the week of december 10th, that's when the markets will give up this honeymoon period and start moving south. >> it gives us somewhat of a deadline. thank you. congress may be on the sidelines but not our next guest. how do you make money while we move away from the fiscal cliff?
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greg, let me start with you. we can wait for the fiscal cliff resolutions. what are you doing in the meantime? >> well, we do have a lot of cash and sometimes waiting is uncomfortable. but i would expect with the fiscal cliff that we would have more volatility which i think is a good thing because it gives us an opportunity to enter into stocks that we wouldn't buy right now. >> like which ones? i believe you've got a contrarian investment strategy. >> well, that's right. things like staples, global payments, things that are close to a 52-week low, in staples' case close to a ten-year low. just things that we need to vet properly to make sure that we think that they can recover from whatever issues that they have. >> randy, are you approaching things differently than you might otherwise given the worries about the fiscal cliff and how close we are obviously
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to the end of the year? >> let's hope that the fiscal cliff has a trampoline at the bottom of it. nonetheless, in the meantime, we're looking at those companies that have really, really high quick ratios. that means that they've got a lot of cash on hand. what we're seeing in the most recent period is we've had a 400% increase in the number of companies that have issued special dividends. lancaster colony just paid $5 dividend. the arden group just paid $20 special dividend. i think we all know there will be increased taxes on dividends, almost a 300% increase in that. as a result, a number of companies have taken cash they've got on hand anden just sent it to their shareholders, as perhaps well they should. but it means there are some opportunities out there. i'd suggest that people look at those companies that really have really, really high quick ratios, then take advantage of that and perhaps they will be one of those that will issue those. >> main names, randy. which ones?
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>> there's a variety. we've already structured our portfolio, decided to take advantage of it. but there are so many imtangi e intangibles in this economy. it's got more erratic natures than my golf swing does. with that we are trinding to find those companies that will have lasting demand for their product and are really centering those in a lot of the ag sectors, those companies that will benefit from the growth of the world population and the diminution of arable land is taking place year after year. >> i can interject on that point? then why do you think deere, the world's largest farm equipment maker -- missed today? does that not spell bad news for the agricultural sector for you? >> we've had a lot of increase in farm income. big guys have already had their move, caterpillars, the deeres. we're looking at what farmers are going to buy in the retail sector that will have an impact
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on the rural sector of this economy. but also looking at people like lindsay manufacturing that are in irrigation equipment, nitrogen, fertilizers, those things that are maybe a little bit below the radar that some of the big guys have already participated in. >> greg, let's be optimistic, make an assumption that we get some sort of grand compromise and we get meaningful tax reform and real bite at the deficit over the past ten years. does that change at all your approach to the market? >> no. well, as a matter of fact, i realize that they have to address the issue and reduce the deficit, but any measure you take to reduce the deficit also has an impact on the economy, whether it's raising taxes or cutting spending. with the deficit, 8.5% of gdp, if you remove that, then you're removing a big piece of gdp right there. so i still think that over the intermediate to even long term there's going to be
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opportunities for us to take advantage of volatility. i don't think volatility's going to go away. >> make it your friend. thank you invest much. next on "street signs" -- it could officially be the end of the line for hostess. who, if anyone, is out there to potentially buy this iconic brand before it goes away? groupon is up 10% today. why the big money is suddenly subscribing to the daily deals site. stick around. can i help you?
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whmplts it rains it powers. we didn't just get the potential fraud at autonomy, we also had a very, very significant development in the insider trading world, if you will. the fed seemingly moving closer and closer to what many believe it their ultimate target -- that would be steve cohen, the man who runs sac capital. the indictment of somebody who had worked at an sac ooh knit for what they claim is the
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larger single insider trading case of all time. >> do we have any idea at all, any inkling of what libt he may have? >> not at this stage. question is whether the gentleman in question will turn, matthew martoma, becoming a witness for the prosecution, cooperate and perhaps implicate mr. cohen. very much unclear, of course. there was a reference in the complaint to phone calls between the two and we don't know what was on those calls. many people tell me they'd be shocked if that were the case because of the company the company and hedge fund have in place and have for many years. they believe mr. cohen absolutely acted appropriately regardless -- or whatever may have been said on those calls and the decisions he made. i want to bring in kate kelly who's been following this story for us since it broke. >> hey, david. interesting case involving steve cohen, as you were discussing.
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you know, most people don't really know him except for these headlines in recent years. actually, he's a little bit of a low-key guy. perhaps he'll lose his temper or not trading floor but in general if you see him in public life -- whichvy occasionally at a charity function or something like that -- he's actually quite shy. i'm told he cools his heels are in stamford connecticut at his mansion where he has an art collection. his financial standing is anything but low key. he's 490th richest american, according to the "forbes" list with $9 billion in wealth and as you know, a significant chunk of that is in sac capital. 16% of the $14 billion that the firm manages belongs to either steve himself or other insiders, employees and the like. that's something that could be a source of stability for them if investors get concerned about what's going on and start to redeem capital in any major way. i spoke just recently to a funds
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manager who decided to redeem yesterday, not based on any personal concerns but because he in turn had some investors who were concerned themselves, saying we don't know what the outcome is going to be but we just don't like the way this chapter of this investigation. that chapter as you mentioned deals with a former sac trader who sold some pharmaceuticals. we don't know what cohen knew about the origin of martoma's information but according to the feds in the complaint yesterday, it was based on illegal knowledge. >> that is the key. of course we should point out while there may be some redemptions, the bulk of the money at sac is mr. cohen's. $9 billion of the close to $14 billion that he mansions. my understanding is he's committed to all of his limited partners, those who are outside investors, that he'll pay all the legal fees.
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because this has been going on for a long time. any disgorgement will come out of his pocket, not the funds. don't look now but groupon is on a roll. you heard right. big names making a big bet on this battleground stock. the question is should you? also coming up, we'll look at some real turkey stocks. names just walking around going nowhere. but we flip the script and look at whether you should be buying them. what starts with adding a friend... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection.
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not quite turkey time yet but it is time for street talk. zales take egg the most in three years today. it has a relatively small market cap but we put it in because the store is a staple in american malls. fiscal first quarter loss was wider than expected. it has posted five straight years of losses but it expects to be profitable in the current fiscal year. those shares, guys, had gained 95% year to date through
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yesterday, coming off a very high base. plowing along, deere came out with weaker than expected quarterly earnings, strong dollar to blame. forecasting higher sales and earnings for the fiscal year. number three, we've got skechers usa. this stock is bounding and leaping after susquehanna raised its rating to positive from mutual with a $22 price target as well. sales continue to increase across all product categories. quite a turnaround in fact from an earlier concern that the stock performance was way ahead of fundamentals. i want to bring in mr. herb greenberg once again for this one. takes -- it's earnings outlook for the rest of the year, raised, i believe, or
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maintaining despite the fact there are a lot of uncertainties out there in the economic environment particularly in europe. >> put aside the fact they've done a great job building this business. there have been critics out there, there continue to be critics out there, a number of people are continuing to raise red flags. among them, an analyst at bernstein. he says if you look at it, the growth is starting to slow and he says expectations are optimistic. one the smart people are starting to talk about, people are starting to question the underlying growth but more important, it is the operating cash flow versus the free cash flow. free cash flow is growing slower than binney. he is usually over the top ot mix tick. he says we like to focus on operating cash flow. smart flow focusing on free cash flow.
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>> what the mart people are focusing on is also soda stream. this is a heavily shorted stock but its ceo has defended the company saying that pepsi and coke have outdated business models, they're not environmentally friendly unlike sodastream which has the at-home market. >> interesting. i've not heard this name mentioned by any of my sources in the short community even though it has this big short position. this is classic -- just a classically broken stock. it's a stock where people want to look at it and say it is a fad and the fad ultimately g get -- will come home to roost. this is probably going to be a good christmas for them. free cash flow, they don't have any. that's something people will hone in on and say, what about that? you have growth, whether you have a lot of growth free cash flow may take a back seat. still it is one of the reasons people are down on it. >> let's hear what the ceo said in terms of defending the stock.
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he has on "fast money halftime report" earlier on today addressing the stock's performance. >> we're just in the beginning of our -- what we call the sodastream revolution. we have so much growth ahead of us, i'm confident that the stock will show the true value of this company. >> you think that's going to make a difference, herb? took a little bounce after he said that. but time will tell. it hasn't done it yet. no matter what he says it doesn't seem to really do it. again, we'll see how this christmas does. >> my kids have been nagging us. >> seems like a lot of people say i've got one, i want one. then the big question is do they continue to use it. >> david's even saving up his own money. >> how did you know? i don't even know how to use one, folks. thanks. let's move along. groupon getting a boost. yesterday disclosing a 10% stake in the company for tiger global. it is still 85% off its ipo
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price which was just about a year ago. right? the question here is, is the worst already priced in for groupon? let's bring in managing director at stern. is the worst already priced in? >> well, i think it seems that way but there are still a lot of uncertainties so this move in the stock here in the recent days, i don't know how long if it will continue but certainly some vote of confidence from some good quality investors. >> this is herb. wouldn't you sort of -- when you look at purchases they made, they made these purchases at the historic lows, down around $2.50 or $2.60 a share. whether the guys at soros or tiger global. it seems like a speculative opportunistic moves based on the amount of cash the company still has in the bank -- because it does still have cash -- it is almost like a rim-like play where you say you know it is going to bounce off, they've got a target there.
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it is more on the bet that it's a trade. wonder then rather whether it is a real long-term growth investment. what do you think? >> i don't disagree with that. i think definitely there is -- what they might be betting on is that the evolution the management is talking about might start to be somewhat visible and for the stock, it can move just on the assumption that there will be some changes. clearly this company has had a tough quarter but they're trying to move beyond the daily decisions and investors -- some of the investors are hoping for that to be successful. >> it looks to me to be a public company that's now in search of a business that will stick. i don't know how good of an investment that is. >> i mean clearly there are meaningful risks that are still out there. that's why we are on the sidelines, we'd like more visibility. one of the things they're trying to do is they're trying to invite customers to come directly to their website. they also try to do more search
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side business. they're doing more direct business. so some things that are over and above the business that we know them for which is a push e-mail business. time will tell if they will be successful in those businesses or not. but certainly at least signs they said last quarter coming out of it, some momentum was building and they actually gave guidance that based on third quarter results seemed optimistic a little bit. we will see. the move here i don't disagree is simply just the move based on the fact that there's some speculation things could get better. >> got it. thank you very much. happening at this hour -- who will buy hostess? the bankrupt bakery says it has been flooded with calls for potential buyers for its iconic brands. kayla tausche is live in white plains, floshg. k new york. tell us what you're hearing on this ever twisting story. >> reporter: well, mandy, we're outside the courthouse where right now the interested parties
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in the hostess case are debating how to shut the company down. we haven't gotten a ruling yet but here's what the proposal looks like. it would take four months to wind it down. 94% of the company's employees would be laid off in that time but ingredients and inventory like excess flour and chocolate as well as some viable business units would attempt to be sold. we heard from one of the bankers leading that sale today. he said they believe they could fetch a ral that would make the assets at least solvent which means to pay back the people who are owed money, not necessarily to operate the company as it is. he said there is a lot of interest so far. dozens of parties and that they believe they could fetch around $1 billion for those assets when they sell them. that's the latest. >> thank you, we'll keep on following it. up next, can you get stores to price match even if they say they won't? we took a hidden camera shopping to get the tricks of the trade. here's today's return on
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retirement. retirement income from employer sponsored plans is growing across all income groups but social security benefits are the backbone of retiree income. so what percent of total retiree income comes from social security benefits? the answer when we return. 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 that there isn't anything on the schedule. who have used androgel 1%, there's big news. presenting androgel 1.62%.
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today's "return on retirement --" what percent of total retiree income comes from social security benefits? the answer -- 57%. according to the investment company institute. it represents more than 85% for those in the lowest 40% of of the income distribution and own 33% for those in the highest income bracket. for more on retirement, go to retirement.cnbc.com. i'm bill griffeth. coming up on "closing bell," we'll look at whether hewlett-packard would be having all these problems if mark hurd were the ceo.
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the former twinkies worker who was with us on monday is back. he'll talk with the managing director of the center for union facts. they'll go led to head on who is to blame for the clams of hostess. and someone says any wall market worker who walks off the job to protest on black friday should be fired on the spot. maria look forward to seeing you at the top of the hour for the thanksgiving edition of "the closing bell." we'll see you then. now to my old friend david "rise above" faber. >> thank you very much. so you go into a store and say, hey, i saw this cheaper online. is it hard to get them to price match? our retail reporter courtney reagan went shopping with a hidden camera to find out whether you could get that done. i'm all ears. >> so nobody wants to overpay. right? for holiday gifts. one way to avoid that buyer's remorse is research prices for big ticket items online first. retailers say they'll match their competitors prices. so we did some shopping of our own to see who makes it easiest.
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we went it our undercover cameras rolling. take a look. we chose this sony blu-ray dvd player for our mission and three major retailers. before we hit the stores, a little online research shows target pricing the dvd player at $139.99. walmart's selling the same one for $129. and best buy offers a special price that you can only see at checkout. slightly annoying but it is the cheapest by $20 at $108.99. armed with our printout from our best buy deal we make our first stop, walmart. we found the player in stock and asked if they would price match. this this is online for less. do you price match? walmart made it easy. next we visited target.
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>> you guys here at target have it for $139 but i found the same dvd player online at bestbuy.com. would you guys price match that? >> no. >> reporter: at first they turn our producer down, but when she presses him further, he calls the manager. >> as long as you see the ad from best buy and the date is for today, then yes. >> this also happened at walmart when we took the player up to checkout and the associate rang it up, it rang in at $98. so it beat best buy by $10. that surprised all of us. it wasn't marked. they didn't have to price match but they were willing to do it. >> how big is this? is this pretty widespread? >> i think retailers are really empowering their employees. we keep hearing that word and they are allowing them to price match but it's got to be the exact same product.
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you can't take a red sweater to the gap and say macy's has it for $10 cheaper. you need the same skew. it doesn't necessarily have to be from today but they have to see a date, make sure it is not last year or four weeks ago. all sorts of little nuances. but i think that the lesson here is really to act. and to keep acting. >> don't ask, don't get. thank you, courtney, empowering us all. get ready for thanksgiving pardons. we talk turkey stocks. we're going to look at big fat birds with all the trimmings but are these stocks worth another look. perhaps even buying them. we're going to debate that coming up. ♪ [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us.
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and no matter who you are, you're the commander-in-chief of your own life. ♪
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my favorite time of the day. it is time to talk turkey stocks, that is. we're looking at some names that have been waddling along. david, you're up first. what's your turkey stock? >> i thought i'd look at
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walgreens. once one of the growth stocks out there can always be count e on to deliver. then they got in a spat with scripts. they resolved that dispute in july by haven't been able to recover. not to mention that big deal wi where they paid $6.7 billion for a stake in alliance boots. people still scratching their heads about that one. >> what are you talking about? >> microsoft. not much to say about it because we know the microsoft story so well. the stock has done so little. you have windows 8. hasn't really lit a fire under the stock. some people, though, i say they do think microsoft will become cool again. >> they do? coolness. >> where did you find those people? >> you'd be surprised. >> that was your grandma? one day. okay. my turkey stock is google. this is such a ubiquitous stock that it's become a verb.
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it's only up by 2.5% year to date. everyone probably remembers october the 18th. that was when google came out early with its earnings release. they blamed the financial printer. they cannot blame them for the fact they missed their earnings expectations. the stock tanked 11% before it was halted. >> yeah, that was ugly. they have not recovered from it. in fact, it actually impacted a lot of people's views about the move to mobility and digital. >> well with, they have a number of challenges moving forward. >> the google story ain't over yet. >> no, far from it. apparently neither is microsoft. let's see if we should gobble up any of these names. matt, given what you've heard, anything you like here? >> what's funny is google has a range of 550 to 775 this year. there's been plenty of opportunity in that stock throughout the year to trade it. being up 2% this year isn't that big of a deal, but there's been plenty of opportunities. walgreens, a boring story.
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i'm not going to get involved in that. there's too much news in that. i'll leave that one alone. microsoft, there's no wow factor to that anymore. not when you can compare it to an apple that's up 40%. one stock i am looking at, though, is caterpillar. here's one at the bottom end of its range. if i can buy at 82, it has an international story. it does pay a 3% dividend as well. i'm going to buy caterpillar and try to get the best of both worm worlds. >> going back to google, where do you they will go in 2013? >> it's hard to say. if you trade this intraday or intrayear, you can make a lot of money. try to pick the bottoms and tops. i know it sounds easy, but you can make some money by doing that. >> it's never that easy, though.
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thank you very much for that, matt. coming up next, find out what our recovery road trip is all about. sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price.
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it congress fails to reach a deal to prevent the economy from falling off the fiscal cliff, the faa's budget will be reduced by over $1 billion resulting in a 10% cut in hours for
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employees. which cities can claim bragging rights that their companies are the best for stocks? cnbc knows. join us next week as we count down the three best cities for the stock market over the past year. brian sullivan takes you on the road to recovery and finds out which towns really have the right stuff monday on "street signs." indeed we are very much looking forward to brian's road trip and all the great guests he has lined up and the cool stuff as well. we've got it lined up for you on monday, tuesday, and wednesday of next week right here on "street signs." if you have some guesses on where brian might be, you can tweet us using the #recoveryroadtrip. >> all right. before we go, let's take a quick check on the markets. we are a bit higher on the day as you can see right there with the dow and the s&p eking into positive territory. airlines been quite strong this morning. perhaps fuel prices down a bit.

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