tv Power Lunch CNBC December 31, 2014 1:00pm-2:01pm EST
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>> i'm consistent long ibm. >> that does it for us. have a happy new year. thank you for watching this program. we will see you in 2015. and there you have it. no time zone look as thoet whacky guys and gals at the cme. the rest of chicago and the central time zone needs to wait another 12 hours or so. they are celebrating early in chicago. tyler is out today. simon and bob are down at the new york stock exchange. >> still an hour and a quarter to trade over there. three hours here on the floor of the new york stock exchange. there is an atmosphere. >> they are happy down here. we have had a good year overall. business has been good. let's hope it continues into 2015. the problem is oil. that is a little bit of the issue. take a look at the s&p 500. we went down into 52s on west
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texas intermediate. oil started dipping lower. we have nice market leaders. pharmaceuticals have been strong all year. they are up. bio tech stocks up. the problem is in the oil sector. all the names we see almost every day all down as we saw oil dropping into the $52 range right now. i want to show you what the problem is. people keep asking me should you buy exploration production stocks here? look at eog. big in the permian basin, bakkan. that stock is down 25%, almost 30% in the last few months. the numbers are plummeting almost every day. right now in 2014 they are estimated to make $5.32. the numbers for 2015 are down at
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the low threes. 40% decline in earnings. they are expecting the market earnings to drop 40%. the stock is only down 25%. people tell me on a relative basis is this still a buy right now? i'd say to wait a little longer. almost every day the numbers keep coming down. that is what makes it a little hesitant for me to say it is down 25%. let's buy it. >> if you look at energy overall. i was looking at for the sector for the year it is only down 10%. clearly some plays have been badly here. you look at oil majors and they have not fallen as you might expect. >> eog, stock i know very well they have relatively low cost. some are higher cost than others. yet you can see numbers coming down really really fast on that. the big issue. should i buy now. i have had this consistent question for weeks now. i'm a little hesitant to recommend it. >> for the market 15% gain
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including dividends on the s&p 500. >> been an amazing year for those on the right side of this market. big blue is not one of them. big trouble for big blue. ibm the worst performing down member for the second straight year. shares down 14% in 2014. where does the tech giant and its stock go from here? josh lipton is live in san jose, california with perhaps a little forecast for us. >> for ibm bulls 2014 can't come to an end soon enough. ibm shares down some 14%. this is the worst year since 2008. it doesn't look good for ibm. he expects ibm to test and break the low of 150. one knock is missed how disruptive cloud technology would be and ceo embraced the
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flow in time when ibm needed a new approach but is working to change course. ibm is dedicated to growing cloud business as well as making acquisitions. ibm reported about $4 billion in cloud revenue in 2013. that is still a relatively small part of the company's business. ibm expects to generate 7 billion by 2015. company made a $1 billion investment to expand its cloud foot print with 40 cloud data centers. ibm bulls point to other reasons. they say the stock isn't expensive at least based on some metrics. ibm trading at ten times forward earnings. and also the number of analysts on wall street rating ibm a buy is at a 20-year low. that's a possible contrary yn indicator according to the team at canter fitzgerald. >> or not go with the market.
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it has been a tough year for big blue in 2014. is ibm a buying opportunity in 2015? you can join the debate at home. with us is director of institutional services and cnbc contributor and founder and ceo of kkm financial. jim, you are a bull it says here. we should point out this stock has almost 3% dividend. >> no doubt about it. compare that almost 3% dividend to paying italy 2%. as far as the technical analysis i don't know what the other guys are looking at. to me i see a chart that shows obvious big drops several months ago and then a few months of trading in a range trying to down side. i think if that stock trades above 165 to me it makes an attempt to fill in the gap. i think it is a nice play for 2015 provided it goes above the 165 level first. >> i couldn't disagree with him more.
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the last day of the year. the main reason why you are seeing ibm, the worst stock in two years back-to-back. the main reason look what they did. they spent $19 billion buying back their stock, tugging at earnings per share to make it higher. what have they done in research development? $6 billion. google ciscy, other firms are spenting a lot more money on research development and they are not. >> this global reach, they are everywhere. that's one of the reasons they got hit because of their exposure to europe middle east. that same infrastructure that is all over the whole globe will allow them to tap into anything that goes anything that starts to move out. >> jim, jim, jim, there are many stocks that have great international exposure. kodak springs to mind. >> ibm is not kodak. warren buffett doesn't think ibm is kodak.
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>> simon is right. think about that. 431,000 employees. very slow moving into the cloud going into the hole 65 and older. >> making changes. those changes will be made. >> they are not rapid changes. i see ibm struggling. i do want to buy around the 120 level. once it gets under 155 that is where it should go. >> always a pleasure. gentlemen, thank you. let's lock in the vote. do people at home think you should buy ibm stock for next year? two-thirds of you say yes. saudi arabia's king hospitalized. the saudi's stock exchange closed down almost 3% today but was down as much as 5% on the news bulletin and the oil market was roiled this morning when the news bulletins hit the wire.
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joining us to talk about that is robert jordan a former u.s. ambassador to saudi arabia. he joins us live in dallas. nice to have you here. >> good to be with you. >> tell me what would happen if god for bid, the king does pass. that is what the market was reacting to today. the plan what is it? >> well certainly steady as you go is the saudi motto. they have been planning for secession for many years and had in place a crown prince a half brother of the king. he has served for many years in high government positions ss ss and is certainly up to the task if that is what happens. he is also the father of the deputy minister of petroleum and very well plugged into the economic issues that the saudis are facing. >> beneath the royal family what kind of structure is put in place and would maintaining stability in the oil market be
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as easy as it has been in the past? because the market is fundamentally different today than before. >> they have as petroleum minister who grew up in aramco has been one of the most technically savvy bureaucrats probably in the world. he is getting up there in years but still very active, climbs mountains, certainly still has his fast ball in my opinion. they are also surrounded by another highly confident technical ministers, for example, the minister of finance some say is the most powerful man other than the king in saudi arabia arabia. he controls the purse strings. he is a highly respected international administrator and bureaucrat as well. this is a pretty deep bench they have. they have well-educated, very
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savvy individuals who i think will keep the ship steering in the right direction. >> if there is a change in leadership at any point, does it change the relationship between the u.s. and saudi arabia or not? >> to the extent that relationships are based on personal relationships as we saw primarily with some of the earlier presidents we had, president obama has had a tougher time with that it will take a while to get acquainted. if he becomes king the others who is sort of the deputy crown prince are very well regarded within the united states. i think there are many and deep relationships. i consider them both friends myself and i think we will see many overtures to them to take care of whatever further relationship building needs to be undertaken. >> in closing, mr. ambassador how would you characterize the relationship between the u.s. and saudi arabia?
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you mentioned the fact that the president has had a tougher time keeping that relationship close. how would you characterize it? >> i think it is adequate right now for what we need. the saudis are looking to other relationships around the world as the united states is. but they are still a strategic partner, very important on the war on terror and in compatting financial terrorism and maintaining stability in the oil market. i think that is going to continue. >> mr. ambassador, thank you for joining us. i hope you have a very happy new year. sue, let's get a final reading on the health of the housing market as we close out the year. diana olick is in washington with the latest and last set of figures. >> reporter: simon not a lot of movement in home buying last month pending home sales which are signed contracts to buy existing homes moved up just over 1%. closed final sales in november tanked 6%. these pendings are future indicator of closed sales from
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one to two months from now. the numbers are up 4% from a year ago. that's the third straight month of annual gains. last fall saw a big sales drop due to jump in mortgage rates so comparisons are easy. mortgage rates are about a full percentage point lower than a year ago. realtors are saying they expect sky high rents to push more buyers to the housing market. we did not get a weekly read on mortgage applications today as we usually do because unlike us the mortgage bankers folks are not working today. there are plenty more online. back to you. >> thank you very much. diana olick in d.c. prices at the pump not so plump. they are falling. the gallon of gas now around $2.24. time and time again on this network you will hear that falling gas prices are good news for the consumers and good news for the economy. but is it really? marcus lemonus weighs in next.
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already crowded times square new york. ten hours and 45 minutes before the ball drops. i will be there. >> you are a brave guy if you are going to be there. it is going to be like in the teens with the wind chill. >> lots of reports that lower gasoline prices are helping the american consumer big time. marcus says also many businesses and sectors are effected. happy new year thanks for joining us. >> happy new year sue. >> tell me about lower gasoline prices. they help the consumer and in turn does it help the economy? >> we know it helps the consumer. lower gas prices means less coming out of the wallet. if you look at the '80s, '90s and 2000s what we didn't have is the amount of consumer debt. we have retailers and news networks telling people this is great for the consumer. i don't want consumers having a
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false notion to spend the difference on buying new things. so i worry that retailers are somehow trying to convince everybody that this is now extra disposable income when it should be extra money to pay down bills you had from christmas. >> absolutely. i think they are trying to do that because some retail sales were not as expected to be. what you are saying is if you are carrying debt or one of your new year's resolutions is to invest more in yourself you should pocket that money or invest that money or pay down debt. >> when i look at my own business people think because i'm in the rv business that lower gas prices mean rv sales will sky rocket. that is a terrible misnomer. the average consumer only drives 10,000 to 15,000 miles a year in their car and 2,000 miles in their vr. it is not a sudden spike in sort of buying patterns. we don't want to get caught up
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in the notion that gas prices effect this kind of global economy overnight. they do definitely effect and we have employees that live paycheck to paycheck. they create a little more breathing room and make sure credit card payments aren't late. the notion that we are going to see a great 2015 because of gas prices i think is dangerous. >> how does the economy look to you overall? you run a number of businesses across so many different sectors of the economy. how is business? how does the economy seem to you? >> it seems okay at best. i will tell you that the holiday season and a number of my retail businesses outside of camping world weren't great. if you really talk to people they are more optimistic than a year ago. i think the oil price thing not only is good in one sense but creating a little bit of question. is there something that has gone awry that is driving prices down? why did it take so long to get to the gas pump.
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if you look at freight whether ups or fed ex or others i am not seeing lowering in their fees even though gas surcharge is lower. i think it is confusing consumers a little bit. >> i don't think you are alone in that. what do you think the consumer is most worried about? is it still jobs as it was after the 2008 financial crisis or has that concern shifted? >> anybody that is sitting on the front lines of a company working doesn't have amnesia about what happened in 2008 and 2009. and as the pressure to comp year over year sales numbers but more importantly year over year earnings numbers comes out in 2015 ceos are going to be tasked with starting to go back and looking at wages and looking at benefits and looking at all of the things that are going to give them the extra edge to improve their earnings. if same store sales are flatter or revenue is flat really only a few places to get it. i think employees are smart
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enough to know that there could be changes coming. i worry for some of those people. >> marcus always good to have you on the show. one of our favorite guests. have a good holiday. simon, down to you. off to a gravity defying 2014. these are the stocks that many people say are doomed heading into 2015. we will tell you which stocks and why. a dire warning from the cdc about the flu season this year in this country. and this year's ebola outbreak in west africa has left thousands dead and sparked fears around the world. now a major new development in the positive side in the race to contain ebola.
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utilities up 26% in 2014 plus dividends for the sector may be due for a big pull back in 2015. if you look at the tracking etf, xlu trading three times over the 50-day moving average. using a tool used by hedge funds and cnbc to predict future market moves based on history we see a stock this much above its average it falls in the weeks ahead around 90% of the time. remember that utilities were the best performing sector in 2011. they ended up being the worst performing sector in 2012. check out how some of the big utility stocks have faired this year plus dividends up between
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20% and 30%. nbc universal is a minority shareholder. there is a deadly flu strain gripping the u.s. the cdc is warning it is reaching epidemic levels. meg terrell is here with more on that. it is not even the new year and already we are seeing several people have died. >> the flu is here and activity is high in about half the country according to the the centers for disease control and prevention. that is expected to continue in the coming weeks with more flu expected in states that haven't been as hard hit. the number of deaths from pneumonia and influenza hit the threshold. the agency says there have been 15 deaths among kids so far this flu season. the hardest hit group is those 65 and older. the cdc recommends getting vaccinated. it recommends treating with
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antivireles if recommended by your doctor including tami if lu. prevention is key. stay home if you are sick and remember to wash your hands. >> absolutely. and please stay home if you are sick. otherwise the whole office gets it. on a different note a major development in the fight to contain the ebola epidemic. that is such positive news because it is such a dreadful disease. >> and it's a clue right now. that's what we know. researchers found what looks like a potential clue in what sparked the ebola outbreak. we have known that patient zero was thought to be a toddler in guinea. it comes from eating infected animals and starts in adults through hunting. this time researchers say it may have come from bats living in a hollow tree that the boy played in. this is still just a hypothesis.
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the tree that the bats lived in burned down. the outbreak in west africa continues. cases have topped 20,000 while deaths approach 8,000 according to the world health organization and primarily concentrated in guinea liberia. >> thank you very much. simon, down to you. >> thank you. gold prices closing for the session and the year. gold has been another lousy investment trading around about $1,200 an ounce. 12 years of gains last year lost about a third of its value. this year it has gone absolutely nowhere. let's check on bonds. bonds were the real wildcard so far this year. remember the yield started at 3%. it is now down below 2.2%. you had the 30-year plunge by over 100 basis points and the capital gain on treasuries has been phenomenal and unexpected for many. overall treasuries returned 5%
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according to barclays and more importantly on the stock market those stocks that trade like bonds like reits are up 32%. it is another reason why utilities are up 26% or 27%. big questions as to what happens next year with the bonds. plunging oil prices making harold hamm rethink his divorce settlement with his ex-wife. what is next? that is ahead. join the discussion. whose side are you on? go to cnbc.com/vote. plus play-doh's big plunder. an awkward moment between parents and children. yo ahave to see this to believe this. even when you see it you may not well believe it. you have to stick around for this on "power lunch." well, a mortgage shouldn't be a problem your credit is in pretty good shape. >>pretty good? i know i have a 798 fico score thanks to the tools and help on experian.com. kaboom...
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have you heard of the new dialing procedure for for the 415 and 628 area codes? no what is it? starting february 21, 2015 if you have a 415 or 628 number you'll need to dial... 1 plus the area code plus the phone number for all calls. okay, but what if i have a 415 number, and i'm calling a 415 number? you'll still need to dial... 1 plus the area code plus the phone number.
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the russell 2000 has set a new record high. let's bring in portfolio manager and quincy crosby market strategist at prudential financial. how does 2015 look to you at this point given the fact that we still have very low interest rates and the u.s. pretty much leading in terms of economic performance? >> so i think most portfolios for u.s. investors will be u.s.-focused, u.s.-centric. if we don't get the yields up we are probably going to see perhaps a pullback as simon suggested for utilities. they are very attractive for yield. investors still want yield. i think if there is a pullback you will see investors going in there. however, if we can continue to see the dollar gain strength the u.s. consumer gain strength look for small and big cap to finally get investors attention again as it did in parts of last
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year. we will be going into europe and japan as events start to push the demand up there. >> why don't you weigh in on 2015 and then i ask you both where you would put money to work. 2015 looks like low interest rates at least for the first half of the year before the fed makes a move. >> for 2015 we believe it will be an upyear for the u.s. equity markets. so we are looking for total return of 5% to 6% or 7 peace corps corps corps -- 7%. we think there will be a deceleration of growth. the u.s. gdp rate we are expecting to be around 2.7%. that leaves us dollar centric so overweight u.s. equities. we would be neutrally rated. we would be short oil. where we want to be moving more up the quality spectrum. >> let's take a look at stocks
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that you like before i turn to quincy. you like abbott labs baxter cisco, oracle. >> we are value investors. we are looking for kaechs that are consistently growing. let's take an example of abbott. we believe you can get a total return roughly 15% to 20%. this is on the back of better than expected operating margins. so you are going to get the operating leverage as well as revenue growth doesn't need to be quite robust. you can get 4% to 5% total top line growth there and get the total return. when you look at a company like cisco systems, mega cap value stocks old world cap. $28 a share, $6 of cash on the balance sheet. we think the stock can get to $35 and earn around 225 for 2015. you will want to stay with the value stocks as opposed to
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momentum for 2015. >> quincy you like large cap high quality names. you mentioned dividend plays. let's take a look at what sectors you would be putting money to work in. >> we like the tech names. they haven't been leadership this year. they have cash. we would be in some of those names. we would be also some of the big pharma names. some of the industrial names but those that are mainly u.s.-focused. we like airlines. i have to tell you the airlines they are doing very well with the fees they are charging lower oil prices. let me tell you, they are charging a lot of money. i haven't seen a discount in any of those fares because i'm booking now for january and february and they are high. >> thank you both. happy new year. >> take care. >> simon, down to you. >> people are in the move in this country. which states are they moving to?
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diana olick is back and has the answers. >> well simon, can't leave the party. moving is good for housing. where did we go this year? who better to tell us than a moving company. allied van lines reports texas still ranks at the top of the list for net move ins. the state has seen a population growth of 1.3 million thanks to a big jump in jobs and not just oil-related jobs. rounding out the top states for inbound moves, florida, arizona, south carolina and colorado all saw the biggest net gains in residents. where are we leaving? illinois, pennsylvania, new york, michigan, minnesota, arkansas delaware saw more departures than usual. allied says it saw a big jump in moves this year up 8% for the company, the most since the start of the recession in 2008 and maybe due to increased employment and also maybe due to the fact that fewer homeowners are trapped under water on their
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mortgages. which are the most mobile states? folks coming and going, california where allied helped more than 14,000 people move around. california is also seeing more incoming population than it has in a long time. another big mover, washington state. thank you so much. appreciate it. you may recall that last month oil tycoon harold hamm seemed okay with having to pay. now he has had a change of mind and a change of heart. do you think he is titled to re-negotiate his divorce settlement? cnbc's robert frank joins us now on the phone with the latest. no doubt he has taken a big hit. >> and you are absolutely right. he was okay when this ruling first came out in early november. he said it was quote fair and
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equitable. after the oil slide he is now calling it erroneous and inequitable. i have never seen a divorce where both sides are actually appealing a divorce ruling and a verdict. this is really unusual. >> she is appealing that she should get more correct? >> correct. right after the ruling in early november she said the $1 billion she was getting of his $19 billion fortune didn't reflect her contribution to the marriage over their 26 years. that was kind of expected. what was unexpected is his fortune going from 19 to about 9 he is now saying the oil market volatility is proof that most of his fortune is based on luck and oil markets beyond his control and therefore according to oklahoma law she doesn't have a right to some of that fortune. >> what are the odds that either of them will get a ruling in their favor? >> well this is really sort of thrown this whole thing into doubt. one thing that is interesting to
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me that hasn't been really reported is that he as of today has to pay her $322 million as part of the initial judgment. that is due december 31 today. so his move could be simply to try to postpone that payment and not have to sell that stock as cheaply right now in hopes that maybe he can at least delay that payment so he gets a higher price for that stock. but so i think this could be merely to delay that $322 million that he has to pay her as of today. but it is going to be up to the oklahoma supreme court to decide which of these two appeals, if any, they should accept. it could just stay at $1 billion which, again, is not too shabby for a settlement. >> we are looking at the price chart. a one-year price chart of continental resources is down almost 31%. so he has definitely and share shlders have definitely taken a
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hit. thank you so much. have a great new year. >> thank you. happy new year. let's lock in the vote. is harold hamm right to renegotiate his divorce settlement. 51% of you say yes. 49% of you say no. it was pretty close. let's get to it. jane wells and morgan brennan are here for the power run down on new year's eve. play-doh under fire for the frosting extruder which resembles, well parents are voicing their concern that it resembles a certain part of the male body. if you are curious to see what it looks like go to cnbc.com. we decided it is so x rated we are covering it with a fig leaf. play dough plans to swap out the tool. tricky situation. >> tricky situation. so matell has the
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disproportionately barbie doll. i thought this was parents putting an adult stigma on an innocent kids' toy until you look at the picture. it is worth a chuckle. one of the most interesting things about this this is just one more example of the growing importance of social media for companies both in terms of marketing they do want and the attention they don't want because has brotook to twitter and facebook to tell parents they could exchange this extruder tool. >> how could it escape people what it looked like when making it. >> i don't know. i am going to resell them on ebay because i will make a huge profit. there are two reasons. you are opening up a new market for play dough in the adult market. for kids these aren't nasty. kids don't know better. they will say the toy looks like
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dad. it is a bonding moment. >> you are so west coast. next on the program google topping glass door's list of best places to work. the burger chain in and out came in above facebook and apple. maybe a place to look in the new year. >> who wouldn't want to work in a place where you can order a double-double animal style. if you think the lines are long in an apple store? you should go to in n out. working at in n out won't make you rich. apple will make you rich. glass door says salaries start at 80 grand. i wish they franchised these. morgan, you would totally be in. >> when i was based out in l.a. with jane wells we used to eat. it is really one of my favorite fast food spots. i think you just hit the nail on the head. you are talking about a company
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that pays more than minimum wage to its employees. i think that is part of the big reason that you see this so high up in the reviews, that and the fact that you can get a free burger. >> when i was out with jane in l.a. she went drinking with me. united airlines and orbits suing a 22 year old for a website that allows cheaper fares. the public has come out interestingly in the founder's rescue donating over $30,000 in legal fees to go fund me. what say you, morgan brennan? >> i think this is an interesting federal case in much the same way uber cases have been interesting. tech crunch specifically hit the nail on the head. they said this is an example of the idea that the more you try to hide something and keep away the unwanted attention the more attention it gets. if you actually go to skip lag
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website there is a note on it saying that they are experiencing significantly higher than normal traffic. this has really gotten a lot of attention. i think people are really jumping into this and checking it out. >> i went on trying to use it. thank you for suing this guy because now i know it exists. they are overwhelmed. as long as it is legal united airlines, if you are going to gain me i'm going to game you. >> apparently it is against the rules. jane, i am coming to l.a. at the end of january. >> we will drink and have a burger. >> i am jumping oen that flight with you. maybe we book it on skip lagged. so simon we are watching some leaders in the s&p 500 today. they include one of the best performers of the year and one of the worst and one that didn't go much of anywhere. tractor supply is up 2% today and also the gain on the year here. oil company also up about 2%.
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it's 34% drop for the year is one of the biggest among the s&p 500 big caps. and then the bio tech up. only five others in the s&p 500 posted bigger gains on the year. back over to you. starting tomorrow eggs sold in california must come from chickens with plenty of room in their coupes. but it may all come at a big price. we will have that story. we want to know should we forget the coupes? should all chickens be free range? can you tell it is new year's eve? weigh in at cnbc.com/vote. thanks. ♪ ♪ [ male announcer ] fedex® has solutions to enable global commerce that can help your company grow steadily and quickly. great job. (mandarin) ♪ ♪ cut it out. >>see you tomorrow. ♪ ♪
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act i. scene 3. open port twenty-two-oh-one-seven on the firewall for customer db access. install version two-point-three of db connector and ensure verbose flag is set in case of problems. (clapping sound) isn't the cloud supposed to make business easier? get the one that can connect to the systems that you already have. today there's a new way to work. and it's made with ibm. in the final hours of new year's eve we are breaking out the 2015 play book. this hour it is gaming. here is jane wells. predicting the future of gaming is a risky bet, so much
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is changing. as we gamble on 2015 here are three predictions. first, bacca-rats. high rolling chinese gambers have been holding financial cards as chinese government curbs vip junkets. there are smoking restrictions and the chinese economy loses steam. 2015 ain't going to get better. japan may finally green light casino gaming in 2015. second don't bet on gaming at least in vegas. as sin city recovers it's evolving because americans are visiting and spending less on gambling and more on partying and events. in 2015 vegas will host the massive rocking rio music festival and trying to lure a pro sports team. a better hand back east. deutsche bank sees the beginning of a turn around in regional markets in the u.s. in part due
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to lower gas prices though the first of three new big operations will open in massachusetts bringing in new competition and watch closely for the impact. >> jane you have been busy. you are back now live from los angeles with another story. tomorrow eggs sold in california have to come with chickens from chickens i should say with plenty of room in their coupe but could come at a price. do you think all chickens should be free range? i am sure the chickens do. go to cnbc.com/vote. what is the low down on this story? >> sue, here in your native state this is what it has come to. they are marketing things as the happy egg. these cost $6. that is how we roll in california because we want eggs and chickens to be happy. californians are playing a game of chicken in the egg economy much like auto industry has been forced to bend to our will.
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starting tomorrow america's egg producers will have to give chickens more room if they want to sell eggs here. we reportedly import 20 million a day. six other states are crying fowl. i said it. they sued. california's new law basically doubling the space per bird to about one square foot cannot be forced. a judge said they can make their rules for you. those states are appealing that decision. this law was passed six years ago. producers have had six years to get ready though it has been an expensive and confusing road. this cage free -- egg prices going up partly due to new law and cold november which had people eating hot breakfast indoors and partly due to demand. a report predicts next year california's law will cause everyone's egg prices to go up 40% or perhaps producers can
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just blame the new law for raising prices. the largest egg producer in the country is publically traded down today but up almost 40%. it says the new law could have a significant impact on u.s. production but stevens believes that 32 million egg laying chickens over 1 million of them in texas and utah will be in california compliant compounds by tomorrow. those chickens can . >> let's lock in the viewer vote. should all chickens be free range? 67% of you said yes. 33% of you said no. let's go to dominic. i'm sure he has a comment. >> eggs and chickens i'm not sure which came first. that is my comment on that one. we are checking out amazon.com. shares just about up maybe half
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a percent. relatively calm way to close out the year. the stock has lost more than a fifth of its value so far year to date and lost 3% this quarter. here is the thing. if it closes out the day where it is right now it would represent the fourth consecutive quarterly stock drop for amazon shares. that would be the first time that has happened for amazon stock. changing times. still ahead on the show never again pay a fee for withdrawing money at an atm. that is what one startup hopes to accomplish. plus the head lines you may have missed in this hour of power.
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in this hour of power stocks losing some steam on the final trading day of the year. the dow is up 8% and nasdaq and s&p gained. sony expanding the distribution of "the interview" able to watch online from directv. sony's ceo was supposed to be on "power lunch" on tuesday but has cancelled. as dom was telling you amazon
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trading higher today but on track for the fourth consecutive quarterly drop as a stock. let's get to dominic. >> so we are just hours away from the "closing bell" here. the dow was in mixed trade so far today. it is poised for a gain. leading the way higher home depot and ibm shares as well as johnson & johnson. dragging the index down cisco, at&t and verizon. >> all righty. could this be the end of atm fees? our game changer series is coming up next. look forward to that. first let's see what is coming up on "street signs." >> you want to break out the bubbly. coming up we are talking the big business of booze with the ceo of consolation brands. our final mystery chart 2014. this is the best performing stock in the nasdaq 100 this year. it is up 115 percent.
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who doesn't hate atm fees? here is a way to get around them. if you hate paying a fee free atm wants you. the startup is operating in new york city. the founders want to have 250 atms in the big apple before expanding to other areas. >> you will see a digital ad running on the transaction screen. >> how does it work? you watch a ten second ad while you wait for your cash to come out. that is not the only way to monetize. >> we take advantage of all foot traffic in and out of a venue. >> not everyone is sure they would go out of their way for such service. >> we don't see mobile payments as a threat. consumers still need to use cash for low ticket items. >> some think it is the future of the atm. >> it is about time that i won't have to juggle which atm i find
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when i need to good etcash out of a machine. it is just another example of the nature of advertising in our digital society. >> and on that note that does it for "power lunch." >> absolutely. "street signs" starts right now. happy new year. 2015 be lucky number seven in a row for stocks? or is next year the one where the bull run finally goes to the slaughterhouse? happy almost new year everybody. the one thing that could derail this record run. two fund managers giving you their absolute favorite stock picks. susan lee, how are we looking right now? >> let's check in on the markets. with less than two hours left in the trader year 2014 stocks are
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