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tv   Markets Now  FOX Business  September 9, 2013 1:00pm-3:01pm EDT

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launches a strike. lori: this hour come inside with a man has been through this before. brad blakeman joins us. adam: putting off paper and following the jobs report. chief economist on why he says forget a september taper. lori: carl icahn admits defeat after a month-long battle. why he is giving up on a deal to sell now. adam: when you see celebrities, you don't necessarily think bulk celebrity makeup. our guest on her efforts to go glam at costco. no onion bagels involved. lori: you just outed what i had for breakfast this morning. it is your problem more than anyone else's. on a serious note, let's go to market and nicole petallides on the floor of the new york stock exchange where the dow is down
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below 15,000. nicole: it is an exciting day on wall street. dow jones industrial up 117 points. the fear index to the downside. talking about how people are jumping into this market, somewhat of a painful feel as the s&p 500 crossing above the 50 day moving average. questions whether or not it would be able to do so. the s&p we have seen stocks higher for the fifth consecutive close in the green seven out of eight trading days. here are a couple of other looks on the s&p for you. looking good across the board. strong economic data out of china. the housing stocks are doing well, this is a broad-based rally. a great day on wall street. adam: nicole petallides, thank you. see you in 15 minutes. secretary john kerry is speaking
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in london alongside uk secretary giving syria one week to hand over its chemical weapons or face an attack. rich edson on capitol hill with the latest for us. rich: they go on to say john kerry is basically saying in a rhetorical way he does not believe the assad o original had over the weapons so the u.s. threat still stands they would attack if giving authorization in congress. it is unclear if congress votes this down if the administration will move ahead. he made some other remarks also angry lawmakers here on capitol hill. >> we are not talking about war, we are not going to war. they will not have people at risk in that way, that is exactly what we are talking about doing. unbelievably small, limited kind of effort. rich: to that, small and limited attack, senator john mccain says words like that are unbelievable helpful.
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republican party wants any attack on the assad regime to influence the civil war against the assad bridging. many are headed to the white house is afternoon. a house and senate are back in for the first time for more than a month receiving briefings on the house and senate side. president obama will be here tomorrow to talk with senate democrats to speak with a number of news networks including fox. tomorrow prime time address at 9:00 so the adminiitration trying to sell this. the president should have been doing this last week. adam: thank you very much. speaking with charlie rose on "cbs this morning" saying they denied using chemical weapons against their own citizens. >> will the attacks against american bases in the middle
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east if there is an airstrike? >> you can expect everything. not necessarily through the government. the government are not the only player, have different parties, different identities. you have to expect that. >> tell me what you you mean by expect everything. >> expect every action. >> including chemical warfare? >> that depends. if any other group has it, it could happen, i don't know. lori: picking up on the breaking news rich edson just sent us, suggesting syria turnover the chemical weapons. they call it rhetorical arguments. even so, serious welcoming russia's chemical handover initiative.
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serving as a deputy assistant to president george w. bush. great to have you joining us this hour. is this a viable option and does it take the pressure off the u.s. to get involved? >> vladimir putin could end this in five minutes. if it was the responsibility to secure chemical weapons of syria, that would diffuse the whole situation and make it more unlikely america would attack if russia would allow verification of the work they claim they could do. so certainly this is something that could really be positive and he would take the credit for it, rightly so, if he is able to diffuse it. lori: the president does not want credit on doing anything on the matter. taking so much criticism. you advised president george w. bush. how would you advise president obama now? >> obama has to come clean with
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the american people. he had to restore faith and trust, he does not do that in the speech tomorrow night. the reason they are so adverse to motor action is he did not lay the groundwork necessary. he has not played it with congress and the fact john kerry is overseas now when the crucial vote as to whether or not america will commit themselves to this with their congress, why isn't he up at capitol hill meeting with the house and senate leaders, allies overseas did not do any good when the president was there as our leader last week. lori, is likely to give the present it out of jail free card with the voting going on this week, how do you see this playing out in congress? >> he could squeak by the senate but will not get by the house even if the house or the senate were to be in favor of this, it puts a president in a very precarious situation because if
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he goes against congress he does so with apparel. he can say i tried my best, tried to make the case, it was not there. betweebasically the american pee have decided now on their own there is enough evidence to produce, enough natural interest. this is not worth the blood and treasure of america. lori: our government will run out of money come september 30. we are bumping up against another debt limit. how does this impact these debates that are set to begin imminently and are being pushed back because of the crisis? >> if the president stands down, he has to pivot very, very quickly the continuing resolution on the budget but also the debt ceiling. if he were to commit troops or military action to syria, that would blow up the sequester.
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lawmakers would say mr. president, how do we pay for this? raising the debt ceiling and continued resolution which republicans say will only be a matter of months, not eight months, not a year. it will be through january and revisit that in the next congress. lori: thank you, always a pleasure. adam: other stories making news. carl icahn is throwing in the towel regarding his bid to take over dell after several months long battle against privatization of the company. carl icahn said he will not pursue additional efforts to defeat michael dell and partners as well as their proposal released this morning, calling it almost impossible to win.
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dell will hold a special shareholders meeting to vote on the privatization bid thursday as well. lori: shares of blackberry, the stock climbing as reports surface the smartphone maker closed to a deal in the sunday times reporting the canadian billionaire version of warren buffett that has backing from pension fund for a bid. blackberry's biggest shareholder. shares are down more than 8%. adam: wells fargo so that will make 30% fewer home loans this quarter. the largest mortgage lender blames rising interest rates and estimates it will make 80 billion in home loans this quarter compared to $112 million in the second quarter. this would be the first quarter since mid-2011 that wells fargo did not make at least $100 million worth of home loans.
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picture this, gaining on twitter now the owner facebook wants to add advertising. how are the people going to feel about that? lori: can you hear me now? what they can access regardless of which phone you use. adam: why recent data could push the federal reserve's plan to taper at least the timeline back a few months.
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internal nsa documents coming from the former analyst edward snowden that iphone, android devices and blackberry, they claim to have reviewed documents that showed the nsa could black a mac break into the blackberry device. so is this a widespread phenomenon or is it targeted? we are hearing it is targeted, not mass surveillance. it is targeted at people thought to commit crimes against the united states. what information on a possibly accessing? e-mails, text. location information. they want more information from the nsa.
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lori: sourced in the u.s. and placed internationally or all domestic calls? >> we don't know right now. the other thing is google has stepped up its encryption. saying we understand the nsa issue completely i have stepped up their technology because it is not just the nsa. the thing we're hearing from law enforcement, the real problem has to do with dealing with government contractors. it is the contractors that they have to watch out for. adam: elizabeth macdonald, thank you. lori: watch out, twitter, facebook is gaining on you. growing. a 50% increase since this past february when facebook purchased intinstagram.
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while instagram has not made much money off the service it has beefed up executive staff and rolling out the ads in the next year. adam: people making money down on wall street. nicole petallides on the floor of the new york stock exchange. nicole: here it is, $7.2 billion deal to tell you about, so we are taking a look at two names on wall street. a 52-week high on the deal. coke industries buying the company for this amount. coke is run by the billionaire brothers. the board of both of these companies have given approval, pending shareholder approval and the whole deal is expected to close by the end of the year. it remains headquartered in
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illinois. mention what they said coke has a variety of businesses including chemical biofuels and so much more. lori: costco, may think paper towels or drum size bathtubs of soy sauce. makeup artist joins us with why she is heading big-box shoppers are ready to go glam. adam: scor scorching temperaturs damaging crops. right now check out how the dollar is performing. my mantra?
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>> 21 minutes past the hour, this is your fox news minute. u.s. attorney general is urgent. immediately agreed to transport chemical weapons are safer place within the country for international destruction. speaking shortly after it announced it was pressing its allies on a similar proposal to avoid a u.s. military strike. a manhunt is underway in detroit after them and escaped from a downtown courthouse. he is on the run after he
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briefly took a sheriff deputy hostage, stabbed another several times in the neck and carjacking motorist. he was in custody for a court hearing related to a robbery. the deputy is expected to survive. authorities continue to investigate yesterday's power failure on a rotating ride that injured a dozen children. the malfunction caused swinging writers to crash into each oth other. those are your news headlines on the fox business network. now back to lori and adam. adam: president obama's weeklong rally to drum up support for u.s. military strike in military a mac syria has in flux. sandrsenator smith has more for. sandra: it is nice to be back. as you said oil prices down today. obviously the market interpreting there is less of a threat of an imminent threat in syria so we're seeing the fear premium being priced in.
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still hanging on fo to about $10 per barrel. that is why perhaps we are still seeing the energy sector, one of the strongest performers today. outperforming the broader market right now. everything to take oil, conoco phillips, exxonmobil, all in the green, gains of 1% to 3% for the big energy names. i want to point out how bullish the stock market is looking. at only near the highs of the session. pull up a one-week chart, up 11 points on the session. the s&p 500 from a technical aspect looking very bullish. back above the 50 day moving average for the first time in two weeks. something they say the very good good sign for the market but the leaders, dr horton on fire. anything material related in the stock market very strong today.
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adam: thank you very much. lori: triple digit temperatures and continued dry conditions in the midwest. jeff flock standing by in illinois with more. jeff: along the illinois-iowa border. pulled pork on the meeting the mac menu. talking about what we didn't think we would have a talk about this year, drought. look at this as i show you the latest drought monitor map revealing more than half the country now is in drought. forecast of 100 degrees temperatures in the town of la harpe. along the border. i have a product developer, i am seeing the various different types of plants you have planted this year, drought resistant, how are they holding up?
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>> we finish up the crop this year, the drought hybrids are doing quite well. they performed very well. jeff: take a look at the nearby towns as we show you, a lot of people interested in what is happening in the fields right now. 19 inches of rain in the spring, an all-time record, this summer less than 4 inches. an all-time dry record. >> one of the worst things that can happen is a wet spring followed by an extremely dry summer because we don't get the root development and that is hurting the crops as it has trouble raining right now. jeff: corn and soybeans on their way up. a lot of people fearing it. i will show you these little testers. these are different maturities.
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the seed business very sophisticated these days. but you don't get rain, i don't know any seed that does grow without rain. newtek, part of dupont pioneer, the world's biggest seed company. lori: that is fascinating. thank you. adam: underwhelming august jobs report changed the fed timetable on tapering. senior economist on why he expects the fed to push back the september taper. lori: what is pushing the stock higher next. adam: the rolling stones, bruce springsteen, madonna, u2. the nfl announcement that has many people saying bruno mars? ♪
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lori: stocks now as we do every 15 minutes. let's head to the floor of the new york stock exchange and nicole petallides who has got changes to the s&p 500 roster that could affect things, nicole. >> in this case we're watching delta very closely. delta will be going into the s&p 500 at the close of trading tomorrow. it is up over 7% today. that is a huge move for delta. bmc software will be coming out. this is after being bought by bain capital. what is so interesting about delta going into the s&p, the most obvious people are buying it, portfolio managers, have to mimic s&p 500 members, delta obviously going into that. the other thing is big picture about the delta story.
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it is only other, other than southwest airlines the only other airline in the s&p 500. obviously came out of bankruptcy. reduced debt. restarted the dividend payments and is back into the index, s&p 500 index. it was actually dropped in august of 2005 ahead of its bankruptcy filing weeks later. this is a big deal and a milestone. back to you. adam: adam: nicole petallides, thank you. the markets may be moving higher but labor force participation is moving lower. it hit a 35-year low. our next guest says the federal miss reserve can't mistake the drop in the unemployment rate as improvement. nariman behravesh, chief economist at ihs. you see the fed pushing back on taper talk. others say no, we'll get some form of taper in september. you think they're wrong. why? >> if you look at the unemployment numbers and the employment numbers there's a lot of weakness there as you know the numbers for june and july were revised down.
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in the case of july quite substantially. as you were just saying the unemployment rate has not fallen, one month, but two months in a row for all the wrong reasons because of fact labor force participation is coming down. a lot of people leaving the labor force, a lost discouraged workers. this is not a good thing. not enough of a reason for fed to start tapering at this point. our view is, the federal open market committee who would like to pull the trigger. it is a balance. i think the labor market data have not pushed balance in favor of early tapering thus far. adam: this sound redundant given the political situation in syria. when you make a threat you're going to do something, then don't do it, don't you lose credibility? wouldn't the fomc, wouldn't the federal reserve lose credibility if they don't do something at the september meeting? >> i don't thinkan they made itr this decision in the end will be data driven. they laid out some of the criteria. a lot of people, including many
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in the marketplace understand this is mixed kind of data piece, and probably not enough of a reason for the fed to move in september. so, i don't really think that the credibility of the fed is at issue here. adam: when the fed used to say that 6.5% unemployment rate was their target, were they factoring in the participation rate and the falling participation rate? or does that negate their original statements? >> that is a very good question. i think they probably weren't factoring it in as quite as much as they probably should have. this drop, substantial drop and continued drop in the participation rate is a source of concern obviously. the fact that as you said earlier, it is a 35-year low is not a good sign, however you look at it. no, i would say they did not factor it in. adam: does the fact we have banks like wells fargo talking about smaller mortgage origination amounts, this will be the first quarter where they have not issued more than
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$100 billion worth of mortgage product, is that going to play into the fed's decision, that, you know, we should not pull off the accelerator just yet? >> well, i think you're right in saying that market already tightened to some extent. markets have driven up long-term interest rates. they have driven up mortgage rates. that is slowing down housing activity. it would certainly give me pause if i'm on the fomc. in a sense you have tightening going on, why do more? adam: let me wrap up with this question, but you think it will start in december, but if the economic picture doesn't turn around seems to me you might have to push your prediction past december, into next year, well into next year? >> you're absolutely right about that. it will still be data dependent. what we're saying earliest they do it, will be december. you're absolutely right, if things continue to look weak in the labor market, i agree they will wait until early 2014 until they taper. adam: nariman behravesh, thanks
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for joining us. chief economist at ihs. lori: so will apple continue to excite investors? the latest hints ahead of tomorrow's big announcement. adam: also tomorrow, eliot spitzer, he could be the next comptroller for the nation's largest city. charlie gasparino is here next to weigh in on all that. lori: the celebrity look on a penny pincher's budget. ahead a celebrity makeup artist on why she is offering her high-end cosmetics at, costco. ♪ [ male announcer ] how do you get your boce?
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>> i'm jo ling kent with your fox business brief. the luxury retailer neiman marcus is being sold to a team of arrows management and canada pension plan investment bored r board for $6 billion. neiman markets operates neiman marcus, bergdorf goodman. time warner, ibm take r taken steps to move retired workers off their health plans. they will allocate money for essential accounts for retirees where they can use money to buy private coverage on healthcare exchanges. followedfiled an ipo of $100 million. the company was taken private for 8.3 billion in 2006. aramark, which plans to list on the new york stock exchange report ad net profit of
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$104 million, on revenue of 13.5 billion last year. that is latest from the fox business network, giving you the power to prosper.
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lori: after a long battle, many verbal punches, new york will finally find out if former governor of new york, eliot spitzer will become the city's new comptroller. what do new yorkers and wall street expect if spitzer is victorious in tomorrow's election? here is charlie with his take. >> this is the primary. not the general election. he is likely to win. heavily democratic. let's go through a couple headlines and let's whack it around. if he is victorious he will remake the come troller's office. it will be a mini version of ag's office. it will be very activist. probably gone after companies. he already said he wants to go after jamie dimon and jpmorgan,
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essentially to break up dimon's role as both chairman and ceo. we should point out that the new york city comptroller's office sounds like a sleepy office, only if you do the regular parts of the job. the office has subpoena power. it's a large institutional investor. that means, basically watches over investing of public money, of public pension money. this guy can really wreak havoc. it also puts him in the driver's seat to become mayor. for what we care, we care about impact of corporate america. i will say this, companies out there, if spitzer wins tomorrow. you have, you're getting round two of, the steamroller. he is call himself the f-ing steam roller. he will come back with vegans and go after corporate america and will be very interesting and if you're a ceo, board member, scary time. adam: two-part question about eliot spitzer. you know the public thinks of him as the steamroller but on wall street and in corporate america he, inappropriately
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chased after companies where he had no real grounds to pursue them. and even if he does this again, what does he do with it in four years? where does he go next? he played that card and he failed. >> remember, he failed, he failed upward though. he failed, he became governor. adam: he hire ad prostitute an he failed. >> okay, let's say he doesn't engage in that again but, you know, aside from that, listen, we should point out as governor i was very ineffective governor. fighting with the legislature. fighting with people in his own party. his own party, just about every single person, of note in the democratic party in new york state is siding with scott stringer who is his opponent. polls are pretty tight. i think there is probably, if i was to guess this thing, 51% chance that stringer wins. it is that close. but and you've got to give him a little bit of edge, only because the party establishment is against spitzer. spitzer outspent him many times.
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when you watch tv over the weekend all you see is eliot spitzer ads. he is the son of a very rich real estate mogul. he helps control that real estate empire, worth anywhere, depending on the market 500 million to a billion. it is right in between there. these are rich people and he is able to buy a lot of ads. spitzer's undoing was himself, no doubt. remember he used that office, the ag's office and the misuse, some would say of the office, to become governor and he will be in a perfect position to become mayor i would say with this office. he gets a national stage as institutional investor. not only that gets to critique the current mayor on his budget. that is another function of the city comptroller's office. this will be interesting. eliot spitzer if he wins tomorrow is back in it. lori: we're starting to see big municipalities go bankrupt now. detroit obviously most glaring example. i know new york city is not in peril but it is an important job, i don't think we can repeat this enough how serious as money
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manager the comptroller is. between, springer, charlie and eliot spitzer who is better man for the job in terms of money management? >> look at their past record. look at what they said. spitzer wants to dramatically change the job. i mean, when you, listen to him on the campaign trail he talks about kind of using the pension money creatively. adam: hasn't he used pensions creatively. he went to jail. >> there is always a portion of money for alternative investments and hennessey engaged in alternative investments. spitzer wants to create himself with public pension money. scott stringer said i'm a prudent trustee. if you want someone who wants to be creative and be a prudent trustee, based on those statements you go with the prudent trustee. lori: you don't think the credit rating of new york city if spitster -- >> that is fair.
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bill deblasio is liberal. wants to spend money. we did a segment whether new york city can deal with that, bondholders deal in place. adam: with the comptroller would have final say whatever negotiated contracts the mayor has to deal with the public unions, public service sector unions? those would be huge burdens? >> it has been years since i covered city hall. i think he has public comement. he can weigh in on the cost of those, of those contracts and that's where he will be effective as a, you know, he can heighten his profile --, if let's say bill deblasio wins and wins democratic primary in heavily democratic city, he wins, eliot spitzer will be watching him every step of the way because guess what? eliot spitzer wants to be mayor in four years. he wants to be president still. we'll see what happens tomorrow. if spitzer loses tomorrow, game over for him. lori: in another life, how many lives have you had so far? >> another reporting life. lori: nine lives. >> i covered muni bonds.
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i worked for the bond buyer and a short time at new york news day where i covered city hall essentially. it was, i covered the finance side of city hall. so it has been a while, i can't answer that question but i don't think he has sign-off on that. it is mayor, city council and the unions. adam: gotcha. lori: charlie, thank you, sir. adam: thanks, charlie. 15 minutes we check the new york stock exchange and how your investments are performing. keith bliss is joining us on the floor of nyse right now. the dow is up. seems as if investors are not worried about turmoil in the middle east or even fed tapering. is there something else in play? >> what is going on now we got good numbers out of asia. china reported good export numbers. i wish we could get a gdp number in the united states similar to japan's right now. anyway, that is different story for a different day. that is what subbing markets. the sanguine nature what is going on in syria. rush is trying to get involved to keep everybody at bay,
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fighters in their corners so to speak. combination of those and slack volumes and lack of any real economic news and we'll get a market that will push higher. we get to s&p 1670 we'll reevaluate there. that is where market is neutral from our standpoint. adam: as we wrap up, anything that could set us on fire on the markets and could break out on the 1670 and s&p? >> it could be, it could happen, certainly back up to the other highs. i think we need continual strong economic data. people priced in the fact that the fed will start doing tapering, albeit modest next week. that is not hammering us right now. if we continue to see good growth in the economy and data there, that will push us to newer highs. adam: keith bliss, floor of new york stock exchange for juice stocks alert for you, watching shares of apple trading above $500 ahead of mystery iphone event right tomorrow. industry insiders are expecting new iphone models including
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lower price option along with the launch date for the ios 7 mobile operating system and expansion of the options of wireless carriers, that cell the iphone, including addition of china mobile. apple shares surging more than 25% since june and remain well below the peak when iphone 5 was launched last sent. with you're at 506.84 today. keep it right here for the coverage of apple event as robert gray joins us live from the event in cupertino, california, david kogan, unlocker, founder, joins us on set for analysis. celebrity makeup for the masses. she has made up some of hollywood's biggest a-listers. now she is taking her line to your local costco. adam: all eyes on mars. music artist, bruno mars gets the gig of a lifetime. details on the nfl gig coming up next. ♪
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lori: big box goes big luxury. costco partnering with makeup artist to the stars, pati dubroff, to bring high-end products to all of. adam: everyday consumers. we welcome her from los angeles. welcome to you. >> thank you so much. thank you for having me. lori: why did you choose costco? >> you know, costco's an incredible, incredible company. they have awesome employment practices. i'm really impressed, you know, what i read about them, that the people that work for them, stay with them for a long time. they treat their people really well. i shop there. do you shop there? i know everyone in my life shops
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there. so it really made sense to bring high-quality products to where people shop. i do -- lori: i do shop at costco and i buy big rolls of paper towels and baggies and even, you know, giant food supplies in bulk. so, why will it work for makeup? are women actually going out and buying, you know, five and six tubes of lipstick or lip gloss at once? i know that if you do buy, right, from european, pati, several of the aqua tint line i believe is a lip gloss, the manufactured suggested price is $42 and you're offering it at costco for 17.99. so you're able to offer a deep discount on your products, correct? >> yes. the reason you could buy and makeup at costco as well as other beauty products is the why not be where people are going shopping anyway? yes, you buy your toilet paper and items for your home as well
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as a television. as well as cases of wine, awesome wines, as well as beauty products. >> it is one-stop shopping. >> yeah, exactly. it is one-stop shopping for super quality prestige items at a price that everyone can afford. lori: it is working for the company because of shares of costco as financial network are up 14% year-to-date. here is my question specifically with makeup. you go to the department store. it's a lovely setting. it smells nice and take your time, often times, you get a makeover at the counter. even at the drugstore, the makeup department is sectioned off and kind of lit well. at costco it is aware house setting. high squealings, industrial looking. the lighting is terrible. i shop at costco. i know with my hair back in a ponytail, no makeup at all. is that an issue? did you think of that? >> well, you know, yes, it's a warehouse environment. so i think that, you feel comfortable when you go there, so you feel comfortable to try something new. so that is what i really like.
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and there isn't this kind of pressure to try something maybe that you're not in the mood to try. but with the price point being so friendly and, me as an expert, really, you know, putting products together that really any woman could wear, i think it gives women the opportunity to try something, that, they might not necessarily try if they were, you know, in a department store environment, and being intimidated. lori: sure. what should i try? what is hot for the fall in terms of makeup fashions? >> well, right now, aqua tints which you just mentioned have just hit the store and those are awesome. those are saturated lip color that i think is a really wearable way to wear the fall trend of, you know, very saturated lips. we're seeing a lot of deep berry lipsticks for fall. it could be a little intimidating for someone to wear full lipstick in a very dark berry. these lip tints are aqua
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formula. they give you the ability to sheer or buildable version of that. lori: patty, thank you very much. i hate to leave it there we have to always split for time consideration and actually a little breaking news. good luck to you and your venture with costco. >> thank you so much. adam: another venture to tell you about, super bowl half-time performer they have chosen and it is bruno mars? lori: what is wrong with bruno? adam: bruno mars with a big question mark. singer behind pop hits as "just the way you are" and "treasure. confirmed via twitter post saying we're going to the super bowl. the sponsor of the halftime show, pepsi, responded, tweeted, excited to have you in super bowl halftime, mr. bruno mars. we know you're fan enough. pepsi's decision causing a built of a controversy. fans are questioning whether mr. mars will be able to match previous half-time performances such as beyonce, prince, madonna, and u 2.
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over 110 million people watched the super bowl halftime show last year. lori: welshing instead of crowning a king, maybe they're crowning a future king of pop music? adam: giving someone a chance to become the next breakout star. lori: it is some chance at that. here is the breaking news we were talking about earlier. we're learning here senate majority leader harry reid will speak from the floor on syria shortly after the senate convenience at 2:00 eastern. bring stick with fox business and we'll bring you latest as we receive it in the newsroom. adam: senate and congress weighing america's next move. "wall street journal" washington bureau chief gerry seib says the impact will be felt around the world. he will join tracy byrnes and ashley webster next on fox business, "markets now." deem soe venture miles before my demise. okay. it's easy to erase any recent travel expense i want. just pick that flight right there. mmm hmmm.
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ashley: good afternoon, everybody, i'm ashery webster. tracy: i'm tracy byrnes a triple-digit gain to start the week. the dow is surging up 133
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points, trading solid solidly above that 15,000 mark. he will share his picks ahead. ashley: congress is back to the von possible military action and syria ace assad warning the u.s. against doing anything. "wall street journal" washington bureau chief gerry seib will be weighing in on the pros and cons of all the options straight ahead. tracy: all could have milestones for two tech stocks that have been struggling lately. are apple and facebook headed for more big gains ahead? biel have a closer look at that coming up. ashley: first top of the tower, time to look at these surging stocks. head down to the new york stock exchange. nicole, highs of the day. >> ashley and tracy, looking good. 134 points to the upside. as we speak, we've broken through the new session highs on the dow jones industrials. nasdaq composite the best of the three indices, up 1.1%.
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the feeling that they're buying just about everything, because you'reyou're seeing a lot of up arrows, but the dow jones industrial average 30 names. most of them have been in the green all day long. there is not sector doing well. across the board, some of the optimism came from economic data out of china and experts doing better. shows they're doing better overall as a country. other thing worth note something caterpillar. industrials are somewhat after laggard. caterpillar has been a laggard this year. baron's has positive comments over the weekend. $110 price target from the experts last year. they will not be a big loser for long. so with optimism in china and positive comments from in baron's over the weekend, 3%, adding 19 positive dow points. caterpillar is real winner, and markets are a real winner. ashley: nicole, thank you. tracy: on to the latest on syria. numerous meetings underway on capitol hill on whether the united states should take
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military action against damascus. rich edson live from the latest. hey, rich. >> hey, tracy. congress remains skeptical a number about lawmakers do. a number about briefings going on today. much of the focus in washington are on statements that the secretary of state john kerry made that saying that a condition might be if the assad regime gave up its chemical weapons. shortly thereafter the state department clarified. >> i think what, again you saw jenn's comment, he was making a rhetorical statement about a scenario we find highly unlikely. >> now the white house in the person of deputy national security advisor tony blinken saying which would welcome the assad regime giving up its chemical weapons. however the assad regime does not acknowledge they have them so we don't find that likely. state department is willing to look at any proposal on the table. still there is a push in washington, by congress on the
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administration, to authorize a attack on syria. any attack that the administration is planning would be unbelievably small. the response from senator john mccape says, that comement was unbelievably unhelpful. so the infighting continues. lawmakers still are questioning what the administration's full intent here. folks like senator john mccain, want to make sure any attack helps disable the assad regime and begins to turn the tide in the civil war. with that more clarification expected from the administration today. there are a series of briefings going on. the full house and senate have the opportunity to question administration officials in a classified briefing. president obama will be here tomorrow pushing the chief of staff from the white house will be here later today. president obama speaking to news networks tonight. all culminating tomorrow evening by a address by the president of the united states to the nation. back to you. tracy: rich edson.
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the speech is tomorrow night because of "monday night football." ashley: that's right. tracy: craziness. ashley: syrian president bashar assad threatening the u.s. with repercussions if congress decides to attack his regime. steak a listen to his intear have you with cbs this morning. >> will attacks begins american bases in the middle east if there airstrike? >> should expect everything. should expect everything. not necessarily through the government. it is not only, the governments are not only, not the only player in this region. you have different parties. you have different factions. you have different ideologies. you have everything in this region. so, we have to expect that. >> except tell me what you mean by expect everything. >> expect every action. ashley: every action. joining us, gerry seib, "wall street journal" washington bureau chief. interesting stuff. gerri, look the -- gerry, president goes before the country tomorrow night in a nationally televised address. has he made his case for an attack on syria? >> not in a convincing way
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obviously or we wouldn't have this high-wire act we're seeing on congress. that would be over by now. so no, i don't think so. i think he will make three arguments. he will make a moral argument you can't let somebody gas your own people the way he alleges the syrian regime has. secondly he will make an argument i don't think very well so far. why this is in the american national interests, not just in the syrian opposition's interest. thirdly he will make a credibility argument. american credibility is on the line here. even if you don't agree with me, you have to agree it is not good for the america to take positions and make threats and not follow through. ashley: at this point do you think he can get congressional approval? >> i don't i think he can get it in the senate. i don't think anybody knows for sure in the house. that is a tough slog there. that is an amazing thing. last week the administration felt good it was winning the argument about the intelligence. people in congress seemed convince. yes there was a chemical attack. yesterday there was a regime
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that perpetuated and perpetrated that. that hasn't been enough. we agree there is chemical attack by the regime. we still don't want to act. that caught the administration a little off-guard. they're making the case that, having acknowledged this, you have to do something about it. ashley: it is interesting, john kerry, perhaps making a slip or maybe not, in london today with his comments about, well maybe the syrians, you know, hand over control of their, you know chemical weapons. the russians jumped on that i am mild. hey, we would like to broker that. is this orchestrated or is this a slip from john kerry? what if syrians offered to hand over chemical weapons? would that be a way out for the administration? >> it's a little farfetched syrians never acknowledged that they had chemical weapons and now that we'll give up weapons we never acknowledged that they had. goes back to the first gulf war
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whenned saddam hussein was putting out a proposal a day, trying to do something getting a conversation moving in different direction to head off an attack. that is what it feels like to me. it doesn't mean that the syrians will give up chemical weapons. if they feel ex-essential threat i suspect they will use the chemical weapons again but giving up the weapons might be -- ashley: senate majority leader harry reid said there will be a vote on this in the senate on wednesday. so that is moving right along. as you say, gerry, not such an easy case perhaps in the house. so, to the interview with charlie rose, president assad saying that you can expect anything in retaliation. should we take that seriously because what can he do against the might of the united states? >> well two things on that. first i think you have to take seriously somebody somewhere will want to retaliate begins the united states that doesn't have to be syria itself. there are bad actors out there, including hezbollah which are capable of doing things just to make the.to u.s., even if the
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syrian government doesn't. i'm a little less convinced syrian government would want to mount some retaliatory strike. all that would be to improve the case president obama is trying to make now why the u.s. ought to be involved. it would invite a response from the u.s. i'm not sure that is in his interest. one thing to look out though, president assad might see it interest to retaliate in syria by launching a big offensive against the opposition. look, we haven't been cowed here. what are you going to do about it now while we go after the opposition, mowing them down and mayben civilians? ashley: interesting stuff. obviously we'll follow every second of that this. gerry seib, "wall street journal", washington bureau chief. gerry, as always thanks very much. >> appreciate. >> it positive monday for stocks. one bullish strategist shares his picks for future winners next. ashley: the jobs report changing some expectations maybe about what fed will do next week. peter barnes breaks down all options coming up soon. first look how oil is trading
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right now. down just a little bit, dropping below $110 a barrel, at $109.74. we'll be right back. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritrade.
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tracy: so stocks zooming higher today. our next guest says neither syria nor the expected fed taper will stop the rally. which have a trader loving the optimism. mike, how come? we saw a little blip in the market every time we got a comment out of washington regarding syria? >> well, i think, basically because congress isn't going to authorize this action. it's too late, too little. and i think congress has been told by constituents this is not something the american people want. therefore the president will not get the authority. he will be able to blame congress why he didn't act. i think that is what we're seeing in the market today. couple that with the fact that the gdp growth, momentum is beginning to turn, it is much more positive. corporate balance sheets continue to whittle down death and strengthen their balance sheets what is going on with
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emerging markets and money comes back into our market. the money really has not even begun to drop out of the bond market. most of that came out of the bond market went into money market fund. when that money comes into the market we'll get the next leg. think we're in real good shape. unless we hit syria and syria retaliates and market gets involved and i would use those problems as opportunity to buy to be short-lived. i think market is in a position to move forward through the end of the year in a pretty significant way. tracy: nikkei was on fire when we all woke up this morning. first time in a while, we saw our markets react what is going on overseas. will we start doing that again? will we get out of our little bubble and start focusing on the rest of the world? >> absolutely. there is, look what is happening with caterpillar today. 30% of the caterpillar's revenues come from china. japan has olympics that will continue to fuel japanese growth. there will be a lot of great opportunities worldwide, particularly buying american
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companies that have exposure to the foreign markets. i think it's a great opportunity for them. tracy: before we get to the picks, you note interest rates will continue to keep going up ion though fed tapering will not affect the market. it has got to effect the economy. that is bigger interest payment to make on any loan you take out over the next few months. >> not really that much bigger in the historic sense. people are moaning and growning that interest rates on 30-year mortgages have got len to 4.75. i remember my first mortgage at 10 i was lucky to get such a low rate. >> that means -- >> bond rates -- tracy: you're as old as i am. mine was nine. we're in the history books. >> weren't you shape to get that, weren't you happy to get that mortgage. tracy: that anybody would give me money. >> absolutely. tracy: emc, data storage, i love that. >> fantastic. data storage, enterprise space. there is delay building out
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enter prize, so the replacement cycle is alive and well, enterprise. the cloud is coming on strong. emc positioned very well in the cloud and storage. they will continue to put up good numbers and raise and pay dividends. stock worth holding for a very long period of time. tracy: you pick ad water play. i'm fascinated by this water play. tell us about this. >> this is fantastic company, the knock on zylum. there are two knocks. they have a lot of exposure to europe. a lot of exposure for long-term contracts for maintenance, repair and construction of water, water treatment facilities infrastructure and engineering. all the aspects of water which is an important component. everybody's life that we'll never live would it. xylem is well-positioned. europe will come back. that drag will be off xylem. second they had a ceo having trouble getting started. as of today she left. she resigned today. there was interim ceo in.
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that will unlock the value in sigh lemm. it was spun off by it&t a few years ago. they will look at xylem only pure play water infrastructure engineering company and will look good in somebody's portfolio. i think there will be action in xylem. tracy: pnc financial is another pick. mike crofton. >> thanks for having me. ashley: let's get back to the new york stock exchange on a big day for stocks. nicole petallides you're watching some big tech names. >> yeah there are a couple names very familiar to our households at home? facebook and apple and all the trading community as well. let's take a look what we're seeing here. the interesting part about facebook it is getting closer and closer to all-time high of 45 bucks may of last year when it had the debut. what is interesting about facebook. they acquired instagram. when they brought on instagram, instagram had 22 million users.
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you know how many users they have now, 150 million. 50 million in the last six months alone. it continues to catch on, riding serious momentum, stock is up 1.25%. apple. big day tomorrow for apple. i don't know if you got invitations. tomorrow is the day they're revealing new iphones, 5s, 5c. big deals with china mobile. that could be huge if they start shipping to china mobile and chinaer iphones. there is so much on the works. up 2% on apple, 507. back to you. ashley: china mobile, if you can unlock, millions and millions of potential customers. nicole, thank you very much. >> coming up another company is making big changes to retiree health care plans all thanks to obamacare. gerri willis will tell us how it could impact hundred of thousands of americans. that's next. ashley: first, let's look how the dollar is moving right now? guess what? the dow is up 155. oil is down, the dollar well, down against all of these
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currencies. as you can see they're all moving higher. we'll be right back. my mantra?
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>> 20 minutes past the hour i'm lauren green with fox news minute a jet skidded off runway
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landing at bangkok's airport. 14 people were injured while vac waiting the plane. the landing gear on airbus 380 malfunctioned. british prime minister office says the country's security was not put at risk when david cameron left the famous redbox out for public view on a train. the redbox is a briefcase that british ministers use to carry around official papers. cameron's security team was in place and the box was not unattended. serena williams claimed her 17th grand slam singles title and fifth u.s. open championship with a three-set win over victoria azeranka. she just dropped three games during the tournament a career best. nadal and djokovic will meet in the men's final. back to ashley and tracy. ashley: news and sports. lauren, good job. stocks hitting session highs as the senate sends a test vote
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to authorize a military strike in syria. this is in string of market moves based on all the political uncertainty. sandra smith back here in new york with today's trade. she is the data wizard board, queen, sandra. tracy: >> i came here a block early. doesn't know it would come back to me but like riding a bike. look as these gains, guys. dow jones industrial average up a full%. nasdaq up and huge gains here and continues to go higher usip 500 a gauge of the is -- s&p five hundred a gauge much broader market. look at leaders in the s&p 500 as it topped the 50 day moving average first time in a few weeks. put tie, ledge far a lot of homebuilders leading the way. hovnanian reported a profit for this recent quarter. home prices are up and they're optimistic looking forward. that is why we're getting gains there. look at this, ka steel one. big gainers. cliff natural resources,
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anything related to comes is doing strong. if i go to "sector watchings", look at energy stocks, soaring, apache, bp, chevron, exxon all the big oil companies are up. in fact, guys, commodity prices like oil are actually down. a lot of fear is coming out of there as we await the vote. a lot of fear premium is coming out that the expectation in the marketplace even if there is an attack it would be limited there is not a huge concern about oil supplies there, but still sitting around $110 a barrel. natural gas prices up on warmer than normal temperature forecast. cooling demand. anything related to higher priced commodities right now and really hot. and leave it off by the way, with material stocks like caterpillar, leading the dow's gains. back to you guys. ashley: china information, good data out of china. sandra, thank you so much. >> exports. ashley: thanks so much. >> the olympics in japan. ashley: tokyo. >> how about that 2020. time warner joining ibm in
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moving its retirees from company-run health plans to exchanges, very similar to the once set to open in a few weeks. this is all because of the new health care law but is it the start after trend? fox business's gerri willis son the story. retirees, i feel terrible. >> i know the retirees are very upset. they felt like they knew what they were getting and on the company health plan. ashley: of course. >> this has been a trend literally going on since the 1990s. 44% of companies reported their plans to scale back corporate health care for retirees, get rid of it in two years. this is part of that move. but of course it is getting a lot of push from obamacare because of these public exchanges that would be set up. ashley: yeah. >> ibm, 110,000 of their employees. they announced last week will go to a private exchange operated by extend health and retirees have become used to using these because of medicare advantage. ashley: right. >> kind of part of, what retirees think about, but many who have been interviewed by reporters all over the country are worried, nervous about what kind of services.
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ashley: well, service, do they pay more for less basically. is that what we're talking about? >> i'm reading, extend health people say they will have cheaper policies. whether that means they will have less care is unclear to me. ashley: yeah. >> i haven't had a chance to analyze the options that will be offered to these folks. but i know that retirees are not happy about this. the companies for their part say, we can't afford this. we can't afford to give people health care coverage at time health care costs are rising through the roof. they are indeed the front end of the wave. as one reporter put it today, it was really smart. seniors are the begin any pigs in the health care experiment going on had this country. ashley: very true. >> they will experience obamacare, first and foremost. tracy: january 1, time warner shift begins. that is not a lot of time. >> no, it is not. tracy: takes you forever to get a doctor's appointment right now. >> that's true. a doctor that will take new patients. >> we'll cover this tonight in our show, talking about is with an expert on health care.
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we'll also be talking about, i can't remember if i saw this on friday's show. so "harvard crimson" wrote a story about how harvard students cheat. and we'll be talking about that with the editor of harvard crimson. ashley: yes. tracy: ratting out his own people. >> that doesn't go over well. tracy: got to watch, tonight, fbn. 6:00 to 9:00 p.m. ashley: shouldn't be cheating. nine days and counting until the fed's critical decision on taper finally is here. some fed-watchers now tempering expectations a little bit. that is our topic next. tracy: but, you can also cash in on this so-called syria premium on oil? we have an oil expert who will share his tips. first we have to look at some of today's winners and losers as we head out to break. dow is up 15points. look at the s&p 500 winners. pulte group. d.r. horton. somebody's building. we'll be right back. [ tires screech ]
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[ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? ♪ >> a market rally is going on here. look at the green on your dow 30 right now. dow's up 153 points, and caterpillar's the big leader as sandra smith pointed out. everything's up. the only loser is pfizer and verizon. nicole is on the floor. new york stock exchange. it's a happy place today. >> what a day on wall street, breaking records, closing at the highest levels, back above 15,000 mark not seen since mid-october basically, a lot of winners, up 152 points now, dow jones industrials, buying across the board from retail drugs,
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banks, transports doing well, gold and commodities doing well, a day we're not too far off from the session highs. a great day continuing the streak from last week. look here, first, at abercrombie, up one and a quarter internet. they got a buy rating, several names upgrading. the buy rating for abercrombie and lulu lemon and expedia upgraded today. interesting how the retail sector started as a neutral, but highlighted, chico the standout, jumping initiatives, a buy rating, and $9 o price target. back to you. >> thanks, nicole, back -- see you in a bit. >> going into next week's fed meeting with an open mind whether or not to taper the bond buying program.
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peter barnes in washington, d.c. with the second thoughts perhaps,? >> they are dialing down the program later this year despite friday's weaker than expected jobs report, but williams said he would not commit to cutting bond purchases next week. as you said, he'll have an open mind and did not add importance in one month's worth of jobs data. still, plenty of fed watchers expect the fed to pull the taper trigger next week. they bought $85 billion a month in bonds for pressure on mortgages and other loans, and research expects a 15 billion taper in bond purchases starting next week telling clients despite friday's job report, the progress achieved since launching the latest round of qe a year ago, quote, justifies a
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modest first step down in pace of purchases. the research exceeds a cut to 15 billion for similar reasons and economists expects a 15 billion taper next week. not everyone is convinced. >> the unemployment rate fell two months in a row for all the wrong reasons, the fact that labor force participation came down, a lot of people leaving the labor force, a lot of discouraged workers. this is not a good thing, and not enough of a reason for the fed to start tapering at this point. >> also, i want to mention to you that the fed announced today fed chairman ben bernanke will host a town hall meeting for educators here in washington on november 13th. he's going to be speaking to them about the 100th anniversary of the federal reserve created a hundred years ago this year. that would be the 100th
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anniversary, wouldn't it? >> mr. ben bernanke loves history, of course. peter barnes, appreciate it, thanks. >> closing down one dollar and one penny at 109.52 a barrel. today's loss of nearly 11% snaps two straight days of gains for crude. speaking of crude, next guest says there's a syria prep -- premium on oil with money to be made. good news. he's oil and energy investor editor kent moore joining us now. all right, everyonements to know how to make money, but more important question that everybody wants to know is my gas prices going up? maybe that's just me. i commute so much. >> hi, tracy, yes, gas is going up, but the increase is tempers absent other cs. there, there's a counterbalance in terms of inventories available in the united states, but the longer the crisis remains in the middle east, the more we're likely to see we
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fined product from the united states actually being exported from the united states abroad, and that will have a slight increase in pressure on gasoline. here in the u.s.. >> you say here in new york we have a 44% premium built in to the price of crude because of syria. you think that spread gets bigger? >> well, that depends on what occurs over the next week. people expect this week to be somewhat of a lull because there is few things likely to happen. the obama administration, of course, has to get its ducks in order on capital hill, and there's some question about whether that's taking place, but the brits are not going to move at all, and neither will anyone else in the e.u. until such time is that u.n. report is available, and that's not likely to be available for at least another two weeks. >> but -- >> if there's not likely to be much moving this week -- >> what seems to be the story of our lives these days, not much movement out of washington on all fronts.
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talk about how to make money over this importantly now. you say there's a bunch of etfs to play this. how do you do it? >> primarily two, db and bno. db is the db energy etf, essentially, allowing you to play the spread between brent and wti. brent and london, wti in new york, and some of the crack spreads. that's the difference between the price on futures contracts for the crude itself and futures contracts from the primary products produced from the crude. the other primary way of playing this is bno, and bno is the straight u.s. brent oil fund, and that allows in dollar denominations for an american to actually trade off of the higher prices than london. those are the two primary ways of doing it. we're looking at about 4-66% gain over the last weeks in both of them, a direct result of the syria situation. >> this is a short term play
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though because if the syria situation is resolved; right, you have to unravel the trade deficit? >> that is absolutely correct; however, tracy, consider the following. that is even if the united states does not attack, the situation is collapsing in syria. the civil war is expanding, going to have a negative impact on the region as a whole. whether the united states chooses to become involved militarily or not, so that premium factor remains, but it's a trade people have to watch on a daily basis. tracy: absolutely right. that trade could last longer than people think. kent moore, thank you so much for sharing that with us. >> thank you, tracy. ashley: coming up, serious questions about whether a syria strike violates international law. fox news' judge andrew napolitano weighs in on that subject next. tracy: dow's up 154 points,
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10-year down 2.9%, and your 30-year is lower as well. it is down one basis point, 3.83%. we'll be right back. ♪ [ male announcer ] sheets or bar? how do you get your bounce?
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ashley: fox business brief, carl icahn ending the bit to give up on dell after months of privatization efforts. he will not pursue efforts to defeat dell and silverlake partner's offer. neiman has new ownership, the luxury retailer sold to a team of management in the canada pension plan investment board for $6 billion. the group operates 79 stores including, and the two outlet stores. they filed for an ipo up to a hundred million dollars. the company was taken private for 8.3 billion in 2006 $10 # 4 million last year. we'll be right back.
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ashley: the senate holding a test vote on wednesday over military action in syria. our next guest says there's serious questions, though, about whether any strike would violate international law. joining us now to talk about it, fox news senior judicial analyst, judge andrew napolitano. is this a violation of international law? >> well, there's only four ways under international law that one country invades another, and briefly. if we've been invaded, we can invade the invader. if we think someone is about to invade us, and the invasion is, quote, dangerously imminent, we fire the first shot. that's the second way. third way, we come to the aid of ally that has been invaded and help repel their invasion. fourth way, enforce an international norm like you shall not use chemical weapons if the user or violater of the
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international norm agreed in a treaty agreed not to do so and if the u.p. authorizes us to use force to punish them or prevent them from doing that in the future. they have not signed the treaty. none of the four standard ways under currently existing international law applies to this. what does that mean? that means that if president obama pursuant to authorization or on his own bombs syria, a magistrate in the e.u. could declare him a war criminal and indict him for a war crime even though he's the sitting head of state, and that would stick until disposed of by the court, and there's no statute of limitations. he's created a mess. put aside the image of the united states of america, put aside the fact that if the congress turns him down, it's the first time in american
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history that the president of the united states has asked for the power to wage war and the congress of the united states says no. he's a seriously weakened president and diminishished politically. >> if he's then charged of war crimes, is there anything in our law saying you can't be charged with war crimes running the country? >> no. george w. bush was indicted by some crazy spanish magistrate, which, technically, preventings the former president from visiting the e.u. because someone might act upon the warrant issued by the imagine strait. it's a lawfully valid warrant whatever you think of the decision that underlies the basis to issue it to make it more complicated, the war power's resolution of 197 p 3 enacted by the congress over the veto of president nixon says that the president on his own can start a war for 90 days if the president can satisfy
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himself, himself that the country he's shooting at is a danger to american security. that violates the constitution because congress can't pass through the president power that the constitution gives to the congress. the president -- ashley: backed into a corner. >> he has, by a statement he made trying to sound like bush in the campaign last year. if they cross a red line, we do something about it. that's where we are at the present moment. polls show between 53-68% of the american public do not want anything to do with this. they -- the numbers are seriously against the president as members of congress from both parties, mainstreams, moderates, coming out against it. tracy: not going to get votes from the house. >> i think there's difficulty getting 60 votes because senator
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paul filibusters. it will be very, very tight for him. might have been better for him had he not raised the issue because the outcomes for him do not look good. he's waging a media war, being interviewed by chris wallace as we speak to air tonight, and talking to the nation from the oval office itself, rare to give a speech from there these days, tomorrow night, but i think he's lost powers of persuasion, a losing fight, and quit while he's ahead, but i don't see him doing it. ashley: thank you so much. tracy: wish he was my history teacher 234 college. down to the floor of the new york exchange, keith, we talked about how the nikkei started the ball rolling this morning. >> right. tracy: more numbers as we trade or really just all about syria
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and fed tapering? >> well, we always want to keep an eye on what's going on in the foreign markets. they are not necessarily dictating what we'll do over here domestically, but good markets in europe, asia, better than bad markets for sure. i want to point out something inside the u.s. markets to the viewers is that we've cracked back up almost to the all-time highs in the s&p. we're just about 2.5% away from the 1709 level, getting up there, grinding higher. the market internals are set up well, meeting stiff resistance at the levels, but traded back from the lows of 1630 # on the s&p which we achieved just at the end of the august. we had a nice 2.4, 2.5% move in two weeks. the market is set up nicely right now. tracy: we like that, keith, thawfng very much. >> my pleasure. tracy: i can't believe i have to talk about this, twirk and consequences. she gyrated herrings off a
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highly coveted "vogue" magazine cover. dennis is all over the story next. ashley: and we're talking about it; right? winners and losers on the nasdaq, sears, yahoo, up nearly three and three quarters percent. we'll be right back. ♪ [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. ...amelia... neil and buzz: foteaching us that you can't create the future...
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ashley: market rally, the dow, up 152 points at 15,075. nasdaq up one and a quarter percent and s&p up 1%. it's headed back to record territory at 1700, it's at 1671 now, but it's a big day, and as
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tracy pointed out, all started with asia, didn't it? tracy: yeah. and the 2020 olympics. okay. here we go. the revish rations from the really awkward twirking performance that miley cyrus gave on the mtv video awards show stretched beyond cable to magazines. dennis kneale explains. >> she twirks and gets yanked. former disney star's raunching twirking tear just cost her the cover of "vogue" magazine. for the uninitiated twirking, that's twitching and jerking in a sexually suggested dance move known to strippers for decades, but she made it a household word, and much of america recoiled in horror. she's all of 20 years old, and for five years, she was the star of "hannah montana" on the disney channel. i watches most of the 96 episodes with my daughter, in
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fact, and it's hard to watch the sweet country girl grow up and remake herself into a risque vixen. she says she was following in the tradition of other racy performances on the award show like madonna, but she is having none of it, a fierce wittering editor of "vogue" who had her photographed as the new fashion icon for the december cover, but the daily mail reports that when the 63-year-old of fashion magazines saw this 20-year-old cringe-worthy cavorting, she decided not so much. to twirk or not to twirk? that cost her the cover, but she's been embraced elsewhere. "saturday night live" announced the guests, and miley cyrus banned by "vogue" hosts the second week, saturday, october 5th. don't miss it, ashley. i know you love the twirk.
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ashley: love snl. should be damn funny. >> they got to do many parodies of that. i hope she will be willing to tease herself about it. ashley: a good sport, getting publicity. we're talking about it. get the name right, everything else does not matter. dennis, thank you. this is a cool story called a once in a lifetime event in the art world, a long lost painting by van goegh was discovered. they say it was painted in 1888, and the museum in am amsterdam spent two years confirming it was real. his brother sold the painting in 1901, and since, a variety of owners, spending years hidden in an attic. no more remote than that, and it's the first full size canvas discovered by the dutch master in 85 years. moral of the story, get in the attic. you never know what's up there. tracy: that's cool. ashley: spiders. tracy: scared to death of the
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attic. people living up there for all i know. i won't go up there. forget that. all right. coming up on "countdown to the closing bell" apple breaks the $a 00 mark. a day before it's expected to unvail two new products. what you need to know before the announcement and whether or not it's time to own apple. that, and, of course, market action. the dow's up 150 points. "countdown to the closing bell" is next. don't go anywhere. ♪ no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪
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♪ cheryl: i am cheryl casone in for liz claman. the latest u.s. indices higher rates now largely due to big-name deals with big-name stocks. take a look at the dow, and mena
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market is getting private equity owners. buying for $6 million. and $7.2 billion. and apple crossing the threshold. get ready for the tech giant up tomorrow. we will tell you everything you need to know ahead of the big unveiling from apple tomorrow and also where apple stocks may be a buy. great discussion coming up on that name. and one stock is flying high today. nicole petallides on the floor of the new york stock exchange. hard to pick one on a day like today. nicole: no pun intended, but it is true. this will occur tomorrow after the close of trading. what is interesting is you can see the stock is jumping up 8% thus far. the reason for that is portfolio

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