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tv   Street Signs  CNBC  November 22, 2013 2:00pm-3:01pm EST

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. stocks keep running toward their best year since the titanic movie. remember that one? ruled the box office. history has a stat that may make your heart go on. you have to hear it to believe it. welcome to "street signs." your other hot topics a funny social media experiment you have to see that may also make you very afraid for your privacy. gold, once again near its low for the year. is there any reason to own gold anymore?
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and on a very somber note, this is a live look now at the eternal flame at arlington national cemetery outside of washington as we mark the 50th anniversary of the tragic death of john f. kennedy. it's a day the world still mourns. we're going to ask, how would the american economy look now had jfk not been assassinated. >> hello, everybody. let's see whether or not the dow can close above 16,000 for the second time ever and whether or not the s&p can close above 1800. we have seasonality on our side. stocks have been rising in the last two months of the year, 82% of the time, going all the way back to 1928. and also a big thanks out there to our friend dave for flagging this, but bulls apparently love 2014, dating back to 1991 the years following 20 plus moves on the s&p, have been up every single time. but i want to get down to the floor of the new york stock exchange and find mary thompson. seven for seven. looks like the dow is going to close out seven straight weeks of gains.
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>> certainly does. if we close right now the dow would be at a new record high and the s&p, of course, would be at a new closing high. it's intraday all-time high of 1802. we'll see if we can clear that barrier. we've seen steady gains today when we've had little economic data. as you mentioned the dow on track for its seventh straight weekly gain which would be its best long run since december of 2010 through january of 2011. all of this today, the gains in the dow, despite the weakness we are seeing in intel and semiconductors after intel gave a flat outlook on revenue and operating margins or profit i should say for 2014 because of weakness in the pc business, which it says is overshadowing some other growth areas for the company. the nasdaq up higher up 13 points today. we're watching retailers as well. ross stores came out with disappointing or concerning comments about the upcoming holiday season and the deep discounting the retailers under pressure today. back to you. >> thank you very much. if we do say so ourselves, folks
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n a year like this, that is just fine to repeat ourselves, especially the stat that mandy just gave you. listen up. since 1928, the s&p 500 has risen the last two months of the year, a stunning 82% of the time. this seems like a year for historical firsts, so let's bring in lpl financial the jeff and jack from bemo private bank. me any reason to believe history will not repeat itself and we will end with a whimper? >> i don't see anything on the radar screen that's standing in the way of the market with the exception, of course, valuation, but, you know -- >> taper? >> valuation doesn't determine the market's direction on a month-to-month basis anyway. >> nothing bothers you, jack? >> like i said, valuation is a concern. if we took the fed out of the equation, rather than, you know, celebrating 1800, we'll probably go back into the 1500s. that said, the fed isn't, you know, removing itself from the
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equation any time soon. we have enormous amounts of liquidity finding its way into the market. economic backdrop seems to be growing and perhaps even accelerating and we've got favorable momentum. as you said, generally, a body in motion tends to stay in motion. as you mentioned, when you're up 24% one year, chances are you're going to be up at least in the mid teens the next year, at least that's what history suggests. >> for the last two months of this year, so 013. throw it forward to 2014. you say next year is going to be the year of the retail investor if it hasn't started into may have started in the last few weeks. we've started seeing money come into u.s. equity mutual funds. here's the thing, we know investor chase returns. what's less understood what returns they chase. >> chase is a bad word. >> five-year rolling return, which is just turned 10%. just gotten over 10%.
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annualized returns for the last year have gotten over 10. that's only getting better in the coming months, going to extend bonds, stocks over bonds by 20 percentage points in march. it's going to draw money in from individuals. it's the businesses with buybacks that are doing the buyback so far. >> the article that caught my eye was about how there's a projection that one third of all money funds could be liquidated neck year, basically a cash equivalent, if it is true that's a huge new source of say asset inflation for stocks, bonds and real estate. >> absolutely. there's stockpiles of cash all over the place. in fact, you know, as jeffrey was talking, i'm thinking that, you know, remember come mid-january, when investors get their statements they're going to find their bond funds are down for two consecutive calendar years, which is really unheard of. i think they're finally going to see their results and perhaps rethink where they want to put their bond money. certainly with cash earning
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nothing and the market up 20 something percent, there may be some drive around to fuel further gains. i don't want to go crazy here. remember, at some point we do have to look back at revenues and we do have to look back at earnings. you know, perhaps they'll accelerate and catch up to current expectations. right now that gap is widening and we have to be weary of that. >> you said it, we're up 20 plus percent across the board pretty much. you said the retail investor is going to be chasing returns. that word worries me. it suggests all the gains are there and the retail investor is trying to jump in and, you know, maybe not miss out on this party and they're sometimes too late. >> you have to worry about the crowded extremes. i don't think we're in an extreme. we've only started to see the individual investor begin to come back. the american association of individual investors survey, we're right in line with the five-year average for bullish. so we're just not seeing the kind of bullishness that would suggest we're at a peak for flows. like we're going to see the
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investment money from individuals we'll see it driven by individuals. >> to mandy's point, i hear what you're saying, it's like, you know, there were sort of -- they're fearful in '09, 2010, maybe pulled back a little bit, '11 mildly optimistic, 2012 this can't be real, finally now they're convinced they have to buy, but we've had five years of gains. >> the key, the ante dote to tapering and a lot of other concerns that could turn us the other way you have to not just get them investing you have to get them shopping. you have to see better economic growth. another year of 2% gdp growth in qe is not going to do it. that's going to help 1.3 million more employed people, the calendar shows sandy was a year ago, so those comps are easier. wealth if effect kicking in. a lot of reasons we'll see better economic growth. >> last word to you, jack, i can hear you trying to get in. >> putting in perspective, there are some great other opportunities here if you -- you know, even a 10% decline is
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really just a bump in a long-term road. i'm not so worried it's not a bubble, perhaps overvaluation. perhaps there's some better opportunities internationally where we've been investing in incremental money in the international developed we've been hedging the currency back to the u.s. dollar. >> well said. i have a feeling we'll get you back on soon on where you're putting that money. another segment another day. thank you. >> my pleasure. >> on deck, bulls/bears and bugs. we're talking gold. get the tweets ready. the big stink over one popular hot sauce and a potentially finger lickin' fail. >> we'll be introducing you to the miss cleo of social media. his trix will blow your mind and make you think twice before you make another post.
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♪ gold has been losing its luster for months now. despite gold, lost 25% year to date. if you do hold gold in your portfolio should you be considering selling it or buck the trend and double down. we've got a good old fashioned bull versus bear debate. your bear, bill o'neill from logic advisors, and your bull in the other corner miguel perez from bulen. are you ready? >> absolutely.
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>> bill, if you've got even a massive gold bull like john paulson is starting to give gold the cold shoulder what does that say sp. >> you pointed out it's down 37% year to date the holdings. he has gone less -- soros completely out of the market. what's killing gold is not really fundamentals necessarily, but money flow. it's part of a whole thing in commodities in general. the money flow patterns in gold are absolutely horrible. and i think it's going to push the market down probably below 1200. >> miguel, i've been negative on gold for a while and taken heat for it. i'm going to try my dog gone best to flip the side and make the bull case for gold. number one bull case for gold you have to watch the dollar, right? if we see a turn in a dollar we could see a turn in gold. >> the big thing is dollars is an experiment. with less than 50 years in existence the u.s. dollar we have i'm older than the u.s. dollar and so people have to take some kind of position in
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something that will last and hold value an that's why people consider gold an important part -- >> while we haven't had a correction of this size, we've had a 23% correction, close to 30% correction in the last couple years and gold has rebounded off of those corrections, as painful as they felt at the time. >> we're looking for gold to bottom out somewhere around the levels that we're close to. 1050 is projected bottom for the market. and plus they're saying mining costs are between 800 and $1200. so we're very close to the bottom. you know, it's looking good for investors and people buying dollar cost averaging they're liking it at the moment. >> the lower the price the less the production. any gold miners you see out there right now, i think that gold miners have become cheap, so cheap relative to the gold price itself, like going all the way back to 2001, anything you think are going to go under? >> there's two markets. there's the formal gold market
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and also the parallel gold market, a lot of small miners artisanal miners go off line right away. gold starts disappearing even before the other larger miners disappear. >> i don't think that's going to turn the tide here. as i say, we have -- this is a new gold market. there is a lot of history obviously in gold. this is a new market. we didn't have etfs 20 years ago when i was at merrill lynch. we had a whole different situation now. we're not -- the market isn't functioning in the same way it did. it's not the same vehicle that it was. now, i don't disagree with his 1050. i don't think gold is going to fall off the face of the earth. psychology will change and gold is a market of psychology. supply/demand in gold or silver is not really going to move the market unless there is some sort of an -- >> that's true, but if there's any complication in the economic environment, people are going to turn to gold and because of the etf someone could jump in right away and the fund -- >> makes it easier to buy and
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sell too. >> right. >> but the thing is right now they're pretty much done exhausted selling. >> we still have 653 tons in the sbdr that could be sold. we have to have a whole change in psychology for the market to turn around. i don't see that happening before mid-year of next year. >> okay. thank you both very much for joining us today. >> all right. time for our regular now friday, two and two segments where mandy and i pick two stocks, one each, one plus one equals two, here we go. my pick, a name we haven't talked about in a long time. it is corning, the ticker is glw for glass works, up 11% over the past month. 17% quarter to date. priced to earnings ratio just under 14, pace 2.3% dividend. one thing to be careful of, three instances at least that i saw of insider selling, about 23,000 shares recently. there has been some selling but at the end of the year never
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know because they're negative or sell for tax reasons. >> it can be dangerous as herb does warn us to follow the insider money. take a look at my pick which is also doubling up as this week's sunshine stock. it is cellgene, about 8% over the course of this week, and 108% this year. reason why. it received a positive opinion for its pancreatic cancer treatment from europe that paves the way for potential approval. pancreatic cancer is a huge killer, currently the most -- fourth most common cancer death in the eu and they say there has not been any new treatments approved for pancreatic cancer in seven years. props to the brian, because that was one of your stocks in the draft pick. >> and cliffs natural resources and google. >> new jersey based. they took bad drugs that were doing a lot of damage 50 years ago and made them into life savers. just a fascinating story of studying the history of celgene.
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great guy, really fascinating company. >> indeet deed. good pick for the sunshine stock today. >> another pharma stock on the move, send it over to dominic chu for a market flash. >> check out shares of cancer drug company ariat pharmaceuticals up more than 30% after european regulators allowed the company to keep selling one of its leukemia drugs. the back story, the stock fell 44% back on october 31st after the fda here in the u.s. halted sales of that same drug because of treatment risks. shares of ariad around 380 right now but we're north of $20 the same time last year, so falling from grace but getting some of that back today. back over to you. >> certainly is. thank you very much. well, happy holidays, everybody. because we found the cheapest gas in all america. sharon epperson has today's pump patrol. . >> the honeymoon may be over for low gas prices. today the national average is $3.24 a gallon.
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that's up 4 cents from a week ago. we're looking at refinery glitches in many parts of the country, namely the nation's largest refinery in port author, texas, as one of the causes in the uptick in gas prices. once those are worked out gas buddy says we should prices in a more comfortable range. the cheapest price for gasoline today is in bixby, oklahoma, at$.74 a gallon. prices are climbing nearly everywhere. yesterday six states had prices under $3 a gallon. today only two. oklahoma and kansas. and if prices continue to climb between now an thanksgiving, it probably makes sense to fill up ahead of the weekend. that's today's pump patrol. back to you. >> thank you, sharon epperson. still ahead, what the heck is up with intel? the company leaving a lot of people scratching their head at their annual shareholder meeting. we will be digging on that ahead. >> we'll honor the memory of john f. kennedy 50 years after his death. what would the american economy
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look like today if kennedy was not assassinated. larry kudlow and john harwood weigh in next. the american dream is of a better future,
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today marks the 50th anniversary of president kennedy's a assassination. live pictures of the eternal national flame at arlington national cemetery, the memorial and graveside of the late great president. kennedy's economic agenda impacting america today. got us thinking about what the economy might have looked like had he not been assassinated. let us bring in john harwood in washington and joining us larry kudlow the host of "the kudlow report." larry, interesting guy, kennedy. economically, right? i mean not a supply sider, but believed in tax cuts. >> whoa. >> on the high end. >> whoa. he was a supply sider. >> how so? >> she slashed marginal -- he proposed rather to slash marg marginal tax rates from 91% to 0 on individuals. he slashed the corporate tax rate. he slashed the capital gains tax rate. he passed away, but they were put through by congress. you got to make a dotsds line, brian, between kennedy, jfk's
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tax policy and ronald reagan's tax policy. >> larry -- >> they're identical. >> i was turning a screw here and understand what you're saying, but 91 to 70% on the top end is hardly a supply side tax cut. >> what do you mean? any time you lower -- >> still 70%. >> actually, you're wrong. you got to look at it this way. in round numbers, at 90%, you keep 10 cents on the extra dollar earned. at 70%, you keep 30 cents on the extra dollar earned. that is a huge increase. that's actually a larger increase than what reagan did. reagan took it down from 70 to 50 and then 28. tax rates matter. they create incentives and reagan, i was there, i helped write this stuff, we used kennedy deliberately, reagan gave kennedy credit for it and the key phrase was, "arising tide lifts all boats". >> weigh in here, john harwood.
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if jfk had lived, how would things be different today, politically, economically, whatever stands out for you? >> boy, so hard to say, i think first of all, you've got to question whether or not the great society initiatives that lyndon johnson got through in part because of the emotional umf that followed the fact that he took over from a slain president john f. kennedy, would that have happened at that time? would we have medicare and medicaid, would those programs have passed at the same time? probably not. they would have come more slowly. that doesn't mean they wouldn't have happened eventually. there was rising concern in the country about what michael harrington once called the other america, and the plight of poor, elderly people in particular. that might have happened at some point. vietnam was a key factor in economic policy because the combination of the great society in vietnam is what started this long string of deficits that america's been dealing with. would john f. kennedy have had the same policy as lyndon
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johnson. historians are split on that and some like to argue that kennedy would have pulled back, but robert f. kennedy in an oral history soon after the assassination said absolutely not. he was committed to victory in vietnam. so very difficult to project. i think a lot of the same things that lyndon johnson had done would still have -- have gravitated to those in a long run, may not have happened in a second kennedy term. >> i think john makes a lot of good points there. i really have to agree with him. look, kennedy talked about medicaid, he talked about helping the elderly but in a very small way. part of kennedy's fiscal conservative was he wanted a balanced budget and he did believe, by the way, that lower tax rates would spur the economy and put in revenues for a balanced budget. but kennedy was no fan of large-scale social spending. so i kind of agree with john that lbj went bez zeshg. by the way, lbj put the programs
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in place. richard nixon was the guy who funded all that stuff. richard nixon set up a lot of regulatory agencies. i mean the weird thing here and i never really come to grips with this politically, here's kennedy, here's kennedy, who was reagan before reagan, with a pro-growth policy, the dollar was linked to gold, no inflation, et cetera. and then you go through these economic morons, johnson, nixon, ford, carter, unbelievable and took reagan to save the country. if kennedy had lived, we might not have had all those economic morons. so maybe we can hope for that. but they had strong growth in the 1960s as a result of those kennedy tax cuts. >> larry, i cannot believe that you're calling richard nixon a moron. >> an economic moron. i hate to say it but i'm telling you he did everything wrong. he raised taxes, he raised tariffs, he raised wage and price controls. nixon did everything wrong.
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jerry ford didn't have time to undue it. carter made it worse. >> gentlemen. >> nixon ask do one thing right, though. he opened up china, a wee bit. >> okay. >> would you agree with that, larry? >> i would. >> and that's probably about it. >> long economic consequences to that move too. >> i give you that. >> that will be our next conversation. >> it was a good conversation theoretical. tough day today. in fact, at 7:00 larry will have a special show, "jfk's true legacy" more discussion on the man john f. kennedy, assassinated today 50 years ago. >> still ahead, it is back to business of the day with "street signs." we've got five big stocks on the move right now. >> and why one california town is fired up over hot sauce. that story ahead. ya know, with new fedex one rate
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okay. time to hit up on the stohe sto and investment advice. "street signs" just for fun. united is getting an upgrade today pushing the stock up by 3.5%. >> 3844. xwst upgrading it to a buy.
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the firm says united continental has been an under earner poised to post outsized profits and say the stock is undervalued versus its peers something considering ual is up 91% in the past 1 months. >> delta up nearly 200% over the past 12 months. kicking some of these sector plays. ross stores, downgraded to a sell from a hold at maximum group. >> 7579. they note kiss appointing third quarter comps, continued slowdown in the sales, market pressure, target cut down to 63 which is about 18 to 20% below the current price. ouch. >> ouch. harley-davidson, hog getting supportive comments from analysts at rw bear. >> down one penny right now. still according to rw beared they say their dealer checks are positive. they think u.s. retail is tracking ahead of forecasts. they're raising their target on hog to 75 from 70. they say the they see just under
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$8 of upside for harley-davidson. >> boeing is up to, downgraded at oppenheimer. >> the stock higher, nothing stopping boeing this year. 135.92. cutting boeing down to a perform from an outperform. they expect free cash flow to peak in 2015. >> huge gains for this one. the target increase to $320 from 260 at citi. >> if you own bib get a lobster for dinner tonight. this stock is up over 11% to 280.99. raising their estimates to reflect sales in europe, one of their key drugs, following an active substance by the european regulator, all that aside they have that huge price target. biogen the number one performer on the s&p 500. >> may i say it's been the day of these sort of bio pharmas, celgene, dom talking about ariad. incredible gains.
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>> we talked about regeneron, and ver text, heck of years. you're talking numbers focus a tiny chip company known as intel. their shares down again today after it shocked the street at the shareholder meeting for a flat outlook for sales next year. what do you make of this widely owned under performer. on the technicals, jc, and on the fundamentals chad morgan lander, at washington crossing, advisors. chad, what is your view on intel? this thing can't seem to get out of its own way. >> well, brian, we own this stock, actually, in our rising dividend portfolio. price target $28 a share. 3.7% dividend. dividend growth year over year has been over 10%. we think this company is going to stabilize in regard to the revenue growth and i know they're expecting 2014 to be roughly flat. we have expectations around $54 billion. which would be 2% top line. they're going to earn roughly about $2 a share in 2014.
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and 2015 we start to think this company is going to start growing again. and in the really -- this company is going to core late the growth of the stock late, core late with their inroad into mobile and tablet. if they start to gain market share there the stock starts to take off and gets away from the trading range between 21 and 27. >> certainly really trying to shift into those so-called growth markets. jc, what are the charts telling us about intel in. >> mandy, what a difference one day makes. just yesterday, the stock was bumping against, you know, major resistance, looked like it was going to go through, up 3% on the day. come in today, opening below yesterday's low, down 5%. obviously there are fundamental factors that go into today's sell-off but i take a step back and look at the chart and ask is this chart broken and my answer is no. right at resistance just one day ago. looked like it wanted to break higher. over the past few months we saw two rounding bases and that's typical of the power being
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shifted from the bears to the bulls. so i still like this stock right here. it's -- i think 23.5 is a major level of support. we stay above that that's a victory for the bulls. the bears are trying to take it lower. we're trading above their consolidating. i like it here. get above 25.5 i like it up to 30. >> 25.5. we're watching it here. two guys a little more optimistic on intel. a lot of people hope you guys are right. have a great weekend. thank you very much. and everybody be sure to check out the on-line edition of talking numbers part of our partnership here at cnbc with yahoo! finance. head now to cnbc.com/talking-numbers. >> listen to the clash. >> we are dashing for new record highs. the dow is currently sitting at 16,05, closed above 16,000 for the first time ever yesterday. today might be the second time. looks like it. the s&p folks also holding above 1800. we need it to close above the 1800 mark for the first time ever as well.
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this index is like up 20%. >> i sense double giblets at the drury thanksgiving dinner table this year. >> giblets. >> know what that is. >> like organs, bits of organ, gallbladder. >> bringing you lots of heat here on "street signs." first up, the one movie hoping to catch fire at the box office this weekend. plus the big stink over a very popular and tasty brand of hot sauce. >> later on see this. this guy is going to blow your mind. he's putting psychics out of business all with his smartphone and your privacy. first, let's go to our own bill griffin, what's coming up on "closing bell" sp. >> what a debut for designer clothing company vince. that stock up more than 40% today during its ipo. ceo jill granoff will lay out her strategy and outlike for the holiday shopping season. richard branson is now backing the bitcoin.
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but dennis girdman says this is not a legitimate currency and he has a warning for anybody thinking about betting on bitcoin. all that and more, maria and i both look forward to having you join us today on "closing bell" at the top of the hour. in the meantime more "street signs" right after this. tdd# 1-800-345-2550 searching for trade ideas that spark your curiosity tdd# 1-800-345-2550 can take you in many directions. tdd# 1-800-345-2550 you read this. watch that. tdd# 1-800-345-2550 you look for what's next. tdd# 1-800-345-2550 at schwab, we can help turn inspiration into action tdd# 1-800-345-2550 boost your trading iq with the help of tdd# 1-800-345-2550 our live online workshops tdd# 1-800-345-2550 like identifying market trends. tdd# 1-800-345-2550 now, earn 300 commission-free online trades. call 1-888-628-2419 or go to schwab.com/trading to learn how. tdd# 1-800-345-2550 sharpen your instincts with market insight from schwab tdd# 1-800-345-2550 experts like liz ann sonders and randy frederick. tdd# 1-800-345-2550 get support and talk through your ideas with our tdd# 1-800-345-2550 trading specialists. tdd# 1-800-345-2550 all with no trade minimum. and only $8.95 a trade.
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16,000 that is, we're sitting at 16,041 slightly off the all-time high which we hit seconds ago above 16,050. see if we can hold at these levels. >> ladies and gentlemen, the victors of the 74th hunger games, catnis and peter. >> expect some real heat at the box office this weekend because the latest "hunger games" movie "catching fire" is out and going to take on all the challengers including julia boorstin, there's nobody it's going to challenge this movie, not even close. >> no. right now -- >> delivery man? >> it's on track to be the
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biggest opening ever for a 2 d movie. 3d tickets cost more. this is not in 3d. on track to be huge. $170 million opening weekend. last night at the box office did $25 million in the u.s. and another $32 million overseas. much better than the first "hunger games" film. lio lionsgate must be feeling good. i think internationally -- >> is this a kids movie? isn't it kids killing kids? >> not as base as that seems. much more complex. >> isn't it r-rated? >> based on young adult novels. what's the rating? >> i think it's pg-13. a violent pg-13. >> a lot of 10-year-olds are reading it, gobbling the books down like there's no tomorrow. >> you went twice with your kids. >> yeah. >> a whole audience that discovered the movie the first time around and now you have just a much bigger audience and the star of the film is much
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bigger now. jennifer lawrence, no one knew who she was and now she's a huge global star. built in awareness. overseas expected to do better than the first one. >> lionsgate, this is not from a big -- they're big, but not -- >> they're a small but growing stud studio. >> not warner brothers or universal. >> it matters a lot is what i'm trying to say. >> matters a lot to lionsgate. they have the "twilight" films which did well, now this film and they need to prove that they can own this young adult space. and they have to build this up into the next big thing because this is going to last them for the next couple years. they need to make it big enough they'll be able to build the next franchise off this. >> okay. we're going to talk to you later on. that's outrageous. here's a stinker for you. a california town is trying to shut down the maker of the popular hot sauce because the factory just, well, it stings. jane wells has been stiffing around on the story and what have you found? >> mandy, it's the hottest hot
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sauce on the market but right now, it's in hot water. sirracha maker will be in court facing off the city of irwindale over its plant here. small superb east of l.a., friendly to industry. happy to he them get financing a year ago, bringing jobs and revenues until they started actually processing the chilies and garlic to make the hot sauce and during that three-month period in the evenings it stinks. >> the smell isn't bad. it's just that you can when you inhale is when you'll start coughing or burns your throat and eyes. >> it's penetrating inside the homes. you walk in and can smell the chili inside the homes as well. >> all right. so the city says they agreed originally to add more filters and then reneged when they found out the high price tag hence the lawsuit to shut down operations. irwindale lost round one in court and going back for another shot today. >> right now we're at about 50%
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of their processing capability. this time next year it will be doubled. we would like to keep them here, no question. we want them to correct the problem and there is a correction available. incorporate and employ that. >> we asked them for comment and they declined to comment to us. no one we talked to wants the plant to close. they want the problem fixed. in the meantime places are rolling out the red red hot sauce if huy fong moves there's a letter from the philadelphia city council, and denton, texas, asking them to come but most of the chilies are grown here locally. build the plant can stay here may be the burning question of all. >> love the sauce. thank you very much. >> sirracha named after? >> no. >> eastern coastal city in thailand. >> called? >> sirracha. i'm going to see your trivia and call you on this. know what huy fong is named after, the name of the company that makes it? the freighter that the founder
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came over as a kid impoverished from vietnam. true american success story. made, produced, sold all here in america by literally a guy that came here with nothing but the shirt on his back. >> good for him. is that the american dream. thank you. >> you're welcome. >> still ahead -- >> you're welcome. am i ever welcome back on "street signs"? >> we're going to introduce you to a social media psychic of sorts, we're going to show you how he does it and trust me you want to sees this. >> plus, there's a new way to bring home the kfc. this one, shall we say, a peeling to other senses besides taste and sight.
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this is very cool and a little scary. a filmmaker in los angeles conducted a little social media experiment with the simple question, how easy is it to find out everything about you right now? the result, is nothing short of frightening. >> keep in mind when you watch this video, i got all of this information just by searching
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their personal social media posts. i got it by searching for the closest twitter instagram and other social media posts to my current location. let's go. >> sorry to bother you. is your name jessica? >> yeah. >> hi. i'm jack. nice to meet you how are you? >> ashley. >> whenever it comes to me. >> i'm jack. >> did you make that up? >> no. >> elena, right? >> yeah. >> joining us now is the man himself, filmmaker and comedian jack bail. julia boorstin with us as well. jack, we love what you did. you did it in a funny way. people surprised, but i think you made a very important and serious point, you could find out all kinds of stuff right now
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about people just from looking at their tweets and locations? >> true. exactly. and that's what i found out too. when i first started, it was just a prank. it was something fun to do. i do pranks for a living. so to me, this is just with our privacy settings. >> yeah. that's absolutely true. you know, for me, i'm a dad and i have five kids. and so starting out kind of light-hearted and fun was great. and then also we've become really, really aware of just how dangerous it is when you get your personal information out there. it really can get into the hands
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of the wrong people. it's something, honestly, i didn't think about it until we started filming this experiment and finding out what the results were. >> jack, what happened when you revealed to people thaw were looking at information they willingly shared on instagram, twitter and facebook? did they realize they could just change their privacy settings? did they know they were giving this much away for free? >> i don't think so. i think when people initially post on their social media sites, they think that it's just their friends and family who have access to that stuff. they're putting hash tags of where they are, where they're eat willing, and things like that. it wasn't that hard to track these people down. a lot of times you can change your privacy settings, but we still found a lot of people who set their privacy settings to private. >> did you look at nearby tweet things? you can turn off location settings. did you do nearby tweets, boom, there they go. >> yeah, yeah. chances are dpou that i still
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might be able to find you, though. i'm pretty good at it. >> you're just freaking us out. >> you're a creeper. and you got five kids. you're the person who's particularly aware of this. what do you say to them? >> it's made me aware of it. i didn't think it would until after we were editing and figuring out, wow, this is kind of scary. right now i'm just doing an innocent kind of harmless prank. everybody took it in good spirits and all of that. but really, i mean, this is a serious thing. it's funny because people think their information is private but it's not. anybody can see it. i didn't expect this kind of outcome. my whole family does pranks, my kids are involved in it, we do it for a living. we're like the kardashians of the prank world, i guess, but with talent, and so -- >> oh, ouch.
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>> oh, sorry about that. did i say that outloud? >> anyway, thanks for joining us. let's hope it just raises awareness. thank you very much for joining us. >> i hope it does. >> check out the whole thing online. people are like, how did you know my name? you just posted it, you're having thai for lunch and your dog's name is buster. >> still ahead, take off talking. the three most ridiculous stories of the week. [ male announcer ] once, there was a man
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living like a king. robert frank is going international in today's mega home report. >> reporter: americans are finding real estate gold on the emerald isle. irish castles have become the latest status symbol. jon meloan recently bought ireland's castle for $10 million. other americans have followed. this castle could become the next trophy property on the west coast. most was built in the 1880s but it's been carefully restored over 12 years. it has seven bedrooms, a hall with 40 foot feelings, marvel columns, and majestic drawing room, 11 stained windows, an library with oversize the limestone mantelpiece, a morning room, a chapel and a banqueting room. the property sits on 250 acres with formal gardens and fruit
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orchar orchards. price tag, $8.7 million. a deal given property prices in ireland are down more than 60% from their peak. >> very cool, robert frank. time to take on the headlines to wrap up the week in a light-heart week. let's bring in pop culture commentator brian and julia is here. first up, phones on planes. the fcc considering lifting the ban on passenger cell phone use. brian, this makes me want to poke my eyes out with a spork. >> aren't flights torture enough? already the phone usage is annoying anyway, because at the end of flight 50 people get up and say, we landed. we're on the tarmac. this makes me crazy. >> all i know is i hear so much about everyone's lives. just when you're boarding the plane, you're stuck going down the gateway and hear everyone rushing to have these
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conversations before they get on the plane hes. absolutely not. i need silence on those airplanes. >> by the way, statistically, 97% of all have no reason to complain about coach seating. >> right. >> all right, big guy over there. >> you know, what we should buy stock of? noise-cancels headphones. next up, worst toys ever. a group identifying toys expose children to advertising by brig brands, such as monopoly. >> well, i kind of think the old monopoly is cure for insomnia. they have to keep up compared to video games. these kids are eating mcdonald's and drinking coke while playing games. that doesn't bother me. >> play-doh is a brilliant toy. >> it's delicious. >> it's delicious. my toddler loves it. it can entertain him forever. you don't need an app. you make it less interesting and creative. >> the tooth fairy one. you with-k pay $60 a year to
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dress up virtual tooth fairies. anything that makes the tooth fairy less terrify, a woman who comes in and steals your teeth. 20 cents, sneaking in the middle of the night. >> robbing. i thought that was illegal. >> what is she doing with these teeth? >> finally, kfc-scented candles. that's right. have your home smell like kfc's food. which is, by the way, delicious. nothing better cold on a saturday morning. but, a candle, brian? >> i say to the person who thought of this, shut up and take my money. where is it? i want -- this is genius but it has real chicken in it. >> really? >> cooked with real chicken. it's a kentucky company doing it. i don't believe in a candle you need to refrigerator. as a candle that spoils but -- >> there's real chicken? fat or -- >> if you're hungry, can you eat it? >> soy wax, it may be -- >> it's like vegimite. >> brilliant idea, brian.
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>> light up the original recipe, grandma. it's time to open the gifts. >> it's too easy to cook. this is for people too lazy to go and buy some kfc. forget it. >> burn it at an open house, will you sell that house. >> brian, thank you. julia, lovely to have you. thanks for watching "street signs." have a great weekend. >> "closing bell" is next. hi, everybody, good afternoon. happy friday. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. >> is that all you're going to say? >> that's what i'm going to say. >> that's all she got. i'm bill griffeth. it was dow 16,000 we were watching. today, it could be 1800 on the s&p. we are above that right now. so, we may be setting some records. all kinds of records today, as a matter of fact. here at the new york stock exchange. >> it's true. we are looking at gains for the market as we approach the close here. another record high. bill, i

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