they are all in lori rothman's garage and could be yours this hour. we will let you know how. lori: drove the mall in from the suburbs. stick around for that. hopefully won't rain on our parade later this hour. ashley: we are in the positive. let's get to the stock exchange, nicole petallides, stocks still on track for weekly gains. nicole: i saw those cars this morning, those are hot. dino they're going up for auction. look at what is going on, the dow jones industrials up 57 points and clocking in a winning week on wall street. last friday close 14,922 so it is going to be another winning week on wall street as you can see with the arrows. a majority of sectors we are following closely from airlines

to banks, there is a lot going on on wall street and leading the dow jones industrials, intel got some great comments, a $30 price target, you certainly think there is a price target at 30-27 of about microprocessors and they think that will do well for the company going forward. this is why they have raised it. lower prices for the chips means good news for intel. lori: twitter files for an ipo telling the world how twitter knows best with a tweet, staying close, confidentially to the sec for a planned ipo. this does not constitute an offer of any -- charlie gasparino breaking news left and right and twitter ideal is one of many he has been reporting. >> i broke the story --

lori: you were criticized and chuckled at. >> one thing i learned, they hate us because we are good that our job, silicon valley media is in the tank for twitter, and essentially basically confirmed in advert motley, will get up on foxbusiness.com, twitter hated us so put up the clarion to their lackeys over the tech press, and went out and attacked us. the most bizarre thing. i don't see the similar thing happening as bad as it gets but here are interesting things but the ipo was announced last night as we were talking lately, some interesting aspects of this thing, we don't know when it is coming, most people think it will be early, they might see a need to speeded up, good

valuation, look at face book's valuation and stock prices giving you an indication why they want to get this done. they will probably trade someone in can demand q e 10 ending at some point we will get capering and spoil the market so better to get this done before 2014 but if it does get done it will be early. jpmorgan wildly snubbed on this side deal. we don't know who the lead underwriters are, three top dogs, jpmorgan, morgan stanley, goldman sacks, known as the book runner who controls the deal could make the most money. jpmorgan fought they had that thrown out because jamie dimon is very close to the founder of twitter. and may impact certain pieces of business including this one. goldman sachs is a good firm but

there are such plugs, why they didn't get that lead but they will play a major underwriting role. i am going to get a couple other headlines out here. frank petronis, interesting guy, cleared of regulatory issues, made a come back as an adviser, what sources tell the fox business network, frank is advising on this. he is revising done this. and he has been doing other deals and this is big for him as well. we should point out that the timing of this, unspecified, and looking to raise how much i don't know yet. they have yet to begin an exchange. lori: what is bigger than face book? >> they don't want the hassle of facebook. that is a smaller company,

twitter versus facebook but from what i understand this is a big finger, when we were reporting over the last year we were doing public and likely to be done at the end of the year or 2014 they do not want to repeat face book's problems or come out with too big of a deal, they want to get it done and establish a decent valuation. facebook's ipo was pretty messy. some people did criticize morgan stanley. someone unfair about how they priced it. morgan stanley had more than enough orders at the exchange. nasdaq didn't have that sort of malfunction. ainge trading above that price which is why morgan stanley gets in this at a high level because they did do a fairly decent job, they have retail.

>> lots of stories to get to. and the economic team is shaken up. >> gene sperling out, and this other guy is acting omb director, management and budget, i don't thing he got a confirm. national economic council director, this is you don't have to confirm this. just an appointment. congressional confirmation. what is interesting i think is these jobs used to be huge, this job that gene sperling is leaving used to be very big jobs and in the obama administration, it was created in the clinton administration. it was the big thing and in the obama administration not saying it is small. deals with budget talks, all those jobs are downgraded because one person on most matters has the same aside from

president obama, valerie jarrett is a special adviser but all roads lead to valerie jarrett even on economic issues so that is downgraded. >> tell me what we know about the compliance dollar they are about to spend. >> we did a story three weeks ago, jamie dimon, the number of put in was $5 billion. may be 18 now but $18 billion over a period of time slowly putting into a. jamie dimon knows he needs to stop the bleeding and he told people we were reporting three weeks ago is there was a regulatory moat that he is going to dig around the company to prevent stuff from getting in. i can tell you the reason i did that story was i was talking to people inside jpmorgan to set how difficult it is to get deals done, to get business done, the regulatory hoops they jump through to get through a simple client issues that used to take

one approval takes 40 of rubles from 40 lawyers, the regulatory motive that slows everything down. the interesting thing jamie dimon has to realize in keeping a big bank he has to accept this type of stuff but accepting this type of stuff will have an impact on his big bank making money and winning deals. he may want to think of radically downsizings that. lori: thanks so much for bringing us up to date. take a rest now, have a few drinks. >> i never left my drink. thanks again. ashley: never truer words that. the white house denied a report in japan at nikkei newspaper that president obama is in the final stages of naming larry summers the next chairman of the federal reserve. peter barnes is in washington d.c. with latest on this story. peter: the nikkei saying this could come as early as next week but the white house spokesperson took an unusual step of tweeting out a denial of this story this

morning. latest rumors this morning on the -- in the japanese press aren't true. the president of the united states has not yet made a decision on fed chair. summers is a leading contender for the fed chairmanship so is janet yellen the current vice chair of the fed, the race ramped up a bit in the last week or so, three democrats on the senate banking committee have announced they will not support the summer's nomination meaning you will have to win some republican votes to get his nomination out of the committee. this week more than 350 economists send the president a letter supporting janet yellen for he job so the fed watcher is a cornerstone macro say the race seems open and they give summers and yellen equal laws of getting the nomination but there's a new wrinkle in the contest. fed watchers at the eurasia groups think the president's fight with congress over what to do on syria held summers. in a research note this morning

they wrote, quote, we think it means obama is more likely to nominate exactly who he wants for the fed chair even if it looks like confirmation of that candidate may be in jeopardy. the president can't be seen as running from that fight and probably believes republicans would give any nominee no matter how long controversial rough ride. ashley: interesting stuff. now for more on what nominating larry summers will mean for the obama administration my next guest says it would be a fed faux paw, joining me is research group's chief political strategist, you are not a big fan of larry summers as the next head of the federal reserve. why is that? >> he is brilliant and been through the war and has some attributes but my issue is quite simple. i am not sure even win confirmation so the tortured logic peter barnes has cited from the eurasia group that he

could well, another flight he has been humiliated over syria. has an enormous fight on the debt ceiling. he wants another firestorm over a very unpopular nominee? makes no sense. ashley: does this open the door to janet yellen? >> she is better qualified, has more experience that larry summers never worked with the fed. and is important to note that everyone within the fed would be thrilled to see her replace ben bernanke and would be horrified if larry summers was the new fed chairman. ashley: let's talk about john boehner and his job in a little bit of jeopardy as we face another budget showdown in washington. >> an incredible story. just when you thought the house couldn't be more dysfunctional this story, some very radical tea party conservatives' feeling john boehner is not

confrontational enough so john boehner has the chalets, he can either get real confrontational and perhaps precipitate a budget crisis which could hurt the republicans next year in the election or he could go along with the tea party types, he could repudiate them but in order to do that he would have to align himself with democrats like nancy pelosi and if he did that, along with democrats, i think his job could be in jeopardy. there could be a vote of no-confidence. ashley: the can't win either way, can't appease everybody. what damage could be done if he takes on the tea party? >> if they have a no-confidence vote, i'm not sure the number 2 republican could survive. this could be a very messy fight. at some point we will iron things out. there will not be a default but late october early november there could be a genuine crisis over the debt ceiling.ery inter.

it seems to me that the republican party has to have a deep come to jesus moment and decide what they are going to do because with this split you will never appease the tea party folks, moderates will never be happy with the tea party, this could go on and on and is being reflected when we come to election time. >> you are right. at some point of the adults will take over and say there has got to be some kind of deal. maybe they will extract a compromise or toledo from the white house, keystone pipeline more spending restraint but to say we're going to shut down the government because we don't like obamacare will not go over well with most voters. ashley: i want to talk about c rea, john cheri in geneva, seems so model than from the obama administration it has been a kind of fumble from the very beginning. how is this going to plan now?

>> as amateurish as the white house handled this there's a chance if we let negotiations go on a week or two and make a good-faith effort it might make it easier for obama to get support in congress but i don't see the senate supporting him alone the house. ashley: i think you are right. thank you for joining us. lori: in decision over obamacare over president's signature should shed down the federal government? so to improve with the government shutdown you have an even worse situation. ashley: you are right there is a bit of irony in there. lori: business travelers hoping to get home to their stranded in airports including adam shapiro. and all across the country. ashley: a government support for googly that writing. larry page not going to need special gases to read their fuel

bills. lori: a sneak peek at the most prized wheels of the world before the auction block. in our garage. stay with us. when does your work end? does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or when your company's bought another? is it over after you've given back? you never stop achieving. that's why, at barclays, our ambition is to alwaysealize yours.

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ashley: let's get back to the stock exchange, watching fast-food chain wendy's. >> i am and we may all be familiar, we covered it, talk about the new pretzel bacon cheeseburger. i will get to that in a moment. looked at the stock. wendy's did hit a 52 week high before pulling back. yesterday argus raise the company, today the capital markets analyst raised the company. august talked-about reinvented menus, remodeling, today and when you talk about capital markets, at the ec and new-product like the new bacon burger. tim a few. and 15 seconds commercial. vocalise analysts and others and

one other one are thinking positively about wendy's. all i can say is with the fast-food burgers if it is not broke, don't fix it. no need for that. was at gold and the five week lull on top of the is the's 2% loss. sandra smith joining us with more. sandra: we are looking at gold prices down $22 in this session after we saw a $40 dropping yesterday's session and gold near the lows of the session, we are about to breach the $1,300 level, one that is not out of reach according to goldman sachs. they are saying gold could double $1,000 an ounce, they're starting to stock about a stronger u.s. dollar if the fed does begin to taper. that analysts coming next week. if a tapered to be strong u.s. dollar week for all commodity

prices based in u.s. dollars, that being said we have branches out and look at one month chart, you will see the fact the we have fallen off of a multi week low, biggest drop paid for this week dating back to june. the bearish momentum is certainly there. lori: that is a big call from goldman. ashley: thank you. a computer glitch causing dozens of jetblue airlines flights to be delayed this morning. the system was restored by 10:30 a.m. but the damage had been done the airline warning delays will persist throughout the day. the carrier tweeting we are experiencing flight delays due to connectivity issues, expect delays today, check your flight status. sure you are thrilled to read that. lori: flying high no more, larry page and seri greater now allowed to purchase discounted jet fuel from the pentagon.

it was not good news by nasa. senator charles grassley seeking the arrangement concerned that there was preferential treatment on which businesses were able to take advantage of such a deal. ashley: nasa says voyager i is the first man-made devices to leave the solar system's helios fear and enter interstellar space. the historic event took place august 25th when voyager one is currently 11.6 billion u.s. billion miles from earth. that is a long way. launched in 1977 it will not reach the edge of the technical edge of the solar system for another 300 years. that is mind blowing. you are into this space stuff. >> there are baby heartbeat and music from that era.

so fascinating. lori: the president making demands of assad before it gives of chemical weapons. live report from geneva next. ashley: locale dollars fairing as we head to break. ok how dollg as we head to break. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it.

>> 25 past the hour your fox news minute. thousands of people ordered to evacuate in colorado where flooding has caught off some mountain communities. authorities in boulder county say 17 people are unaccounted for. west of boulder, cut in half by an overflowing creek in an interstate highway, shut down. new jersey governor chris christie says the massive fire that destroyed part of an iconic boardwalk is 95% contained but could take days to extinguish hot pockets at the scene. the board what was rebuilt afterward being ripped by superstorm sandy less than a year ago. two people are dead in another 17 wounded after taliban militants detonated two car bombs at the u.s. consulate in western afghanistan. these the department says personnel are 6. those are your news headlines,

the fox business network. back to lori. lori: we are all up to speed now. secretary of state john kerry meeting with russian foreign minister for second data to broker a deal for syria to turn over chemical weapons. this is u.s. and middle eastern officials moving a weapon making it -- james rose and joins us in geneva, switzerland. >> good afternoon from geneva where day 2 of talks between u.s. and russian delegations are proceeding absent any sign of a breakthrough. chief diplomats are tight-lipped about the progress they may or may not be making but we saw one side and tensions are listening. john kerry and foreign minister met jointly today with the special envoy that represents the un and terribly as point man on the syrian civil war. all parties pledged to work

towards a second peace conference for the two year civil war conflict. it would be held in geneva as the first one was a year ago. john kerry made clear washington sees the more urgent priority. >> we both agreed to do that homework and meet again in new york at the time of the un general assembly on the 20 eighth in order to see if it is possible to find a date for that conference, of much of which will obviously depend on the capacity to have success here in the next day, hours, days, on the subject of chemical weapons. >> syrian president basel if the dish assad would have heard him say both sides of the conflict including syrian rebels if the united states is supporting a contributing to the death toll in humanitarian capacity,

assad's allied is pressing for syria to have more time to declare its chemical weapons stockpile. >> the assad government joined the chemical weapons convention, we have to engage our professionals with the organization of the united nations, and quickly, professionally and as soon as practical. >> the u.s. and russian delegation composed of technical advisor is, intelligence and military advisers are in a break right now all. there could be more meetings tonight that could wrap up and we could hear from the two chief diplomats tonight. that is all very tentative. lori: we will follow your reporting. james rose some live. ashley: the big business story of the day it twitter, how the

most anticipated initial public offering of the year hopes to avoid becoming the first book of 2013. lori: the financial crisis five years ago can't happen again? think again. according to mark williams, the fed and bring down a world financial system. [ tires screech ] ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutioning power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire cities. so the turbines of today... will power us all... into the future.

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ask your doctor about cialis for daily use and a 30-tablet free trial. do you mind grabbing my phone and opening the capital one purchase eraser? i need to redeem some 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. give it a few taps, and...it's taken care of. this is pretty easy, and i see it works on hotels too. you bet. now if you like that, press the red button on top. ♪ how did he not see that coming? what's in your wallet? ashley: time for stocks now as we do every 15 minutes, let's head back to the new york stock exchange, nicole petallides. nicole, facebook is certainly market digests all this news about twitter. >> twitter, obviously has been the number one topic since after the close of trading yesterday.

we continue to watch social media type stocks. we're looking at facebook very closely, which surpassed $45 this week for the first time since its ipo last may. a couple of things to note. now this stock, facebook, has surged nearly 70% since its reported back in july, but the other thing to note is the filing of twitter will be less than a billion dollars in annual revenue. whereas facebook had about 3.7 billion, in annual revenue. so you're talking about two different things. there is no doubt, that mobile, mobile advertising, mobile revenues, social media, is the wave that we're riding and waive of wave of the future. back to you. lori: thank you, nicole. it has been five years since lehman brothers collapse and set off a banking crisis still being felt by the global economy. what have we learned it since then? my next guest says we're still at risk. mark williams, former fed examiner and author of, uncontrolled risks lessons of

lehman brothers and how systemically risk can still bring down the financial system. mark, welcome. >> thank you. ashley: so your book title -- lori: your bike title really says it all. at least five years ago. does it hold true? >> in one measure banks are definitely much stronger than they were five years ago. from a capital standpoint. the stock standpoint. if we look specifically at top six banks, look at jpmorgan, b-of-a. look at wells. look at citi, and go down to morgan stanley and goldman sachs, the top six they represent $9.5 trillion of assets. which represent two thirds of you'reour u.s. gdp. they control, actually, most importantly, roughly over 50% of the deposits in the u.s. so, in essence we have over 6,000 banks and only six really matter. that is what is disturbing. ashley: mark, okay, so we know we have these two banks. they're still around, but are they making the kind of casino

bets that we since found out once the financial crisis happened, are they city taking those kind of risks? >> right. unfortunately they are, we learned that lesson again last year with jpmorgan. their $6.2 billion, one strategy bet. in essence, jpmorgan, is really a hedge fund disguised as an fdic insured commercial bank and remains so. lori: so, larry summers, name obviously in the news. i'm curious for the take on summers as a possible federal reserve chairman, mark. as you know, he is proponent of deregulation, supported, the repeal of glass-steagall. some what would that mean for the banking industry? would summers influence or how would he influence the banking industry if he is selected federal reserve chairman? >> i'm sure a lot of money will be flowing in to lobbying, trying to turn the handles to get larry summers in. he will definitely be, much lighter on regulation, then let's say, janet yellen who also is a candidate.

lori: all right. to follow up with that, what do you think, needs to be done, because dodd-frank obviously, as critics suggest has been watered down. it has been some years, that, implementing it, it seems to be, one challenge after the next. it is so watered down. will it ever be implemented? critics say no way. if that is the case, what would you say is a likely solution, compromise, if you will, so that banks can continue to do business but also regulated and no longer too big to fail or a systemically risk? >> right, lori, that is a great question. i think it is really two-pronged. first attack, look at banker compensation. what we node leading up to the financial crisis is excessive compensation caused excessive risk-taking collapsed the economy and lost billions of dollars and actually over millions of jobs. so it is got to actually, look at, what's happening in europe and the u.k. and switzerland. they're putting caps on

executive pay, specifically in banks, and that is going to reduce the amount of risk-taking which will make banks safer. the second thing there should be done, there should be a glass-steagall, 2.0. we need to separate banks. commercial banks, remain boring and risk-taking banks like jpmorgan if they want to look and act like a hedge fund, that's fine, they shouldn't benefit from fdic insurance and cheap form of funding they have enjoyed up to now. ashley: at what point, mark, the banks would argue, they keep saddling them with regulation, i understand why, does it make them less competitive in the global economy if other banks don't have the restrictions? >> other problem with that argument, we saw excessive risk-taking of those banks crippled our global economy. our economy is financialized, three decades ago, roughly banks represented 15% of our economy. now in the u.s., if you look at top banks, they represent the majority of our economy. what happens? strength or weakness in the risk

take of our banks, impact the strength and weakness of our economies and for the local person, regards to their ability to get a decent job. i would say we need more regulation. we swung in 1999, when we repealed glass-steagall we swung from light regulation. now we need to get back into stronger regulation, i think smarter regulation. lori: we'll leave it there. mark, thanks for joining us today. >> sure. lori: join us on monday as we look back with a special, all-day coverage plan here on fox business. don't miss charlie gasparino's exclusive interview with former aig chairman hank greenberg and we'll speak with former fed vice chairman, alan blinder. we look back five years. ashley: we'll talk to the former wells fargo chairman and ceo. that should be a very interesting day on monday, as we look back, on, since, what we've learned from the financial crisis and according to mark

williams, not a lot. >> that is -- ashley: that is his take. lori: unfortunate state affairs. how about this, life in the fast lane ueled by alcohol? no, no. we're not talking celebrity weekend plans. nascar turning to ethanol, just live at chicagoland motor speedway next. ashley: plus one bold's man adventure to cross the atlantic using 300 helium balloons. how do you think that worked out? we'll let you know. ♪ [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all onhinkorswim

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>> i'm cheryl casone. fox business brief. problems with citigroup's website, working intermittently. citigroup telling fox business we're working to resolve issue with availability of some of citi's website today. we apologize for the customers for any incons screens. consumer sentiment slipped into sent with a reading of 76.8. that is lowest level since april. below a reading in august of 82.1. consumers were concerned about higher interest rates could close economic growth and of course hiring. it has been five years since lehman brothers filed bankruptcy. fox business, will be looking back at this day and look forward to help, how far we have come, in a special edition of

markets now. that is monday noon eastern time. that is latest from fox business. giving you the power to prosper

lori: there is going to be a lot more corn then. than even experts were expecting. that has prices falling. putting ethanol back in the game, after last year's drought and back on track. all three of nascar's national series, running in fact on a 15% blend ever ethanol this year. jeff flock joins us from joliet, illinois, ahead of big races this weekend. jeff, are you behind the wheel. >> geico, 400, wish i was behind the wheel but i don't think i could compete with these guys. right on the track as you point out, lori, everyone is running 15% ethanol blend. i have paul taylor, illinois corn growers association. you want people to love ethanol out there. >> absolutely. we've been in dozens of races

over last number of years. we're up 4 million miles for nascar races with engine failures attributed to it. >> you mentioned price. look at disparity between wholesale gasoline and wholesale ethanol, a huge price disparity today. it is largest disparity in three years. when corn prices come down, paul, ethanol prices come down. >> ethanol. corn prices and ethanol are highly correlated. we had a big crop this year. looks like we could raise a record. >> detroit says, ethanol damages vehicles, doesn't get as good a mileage. what do you say? >> we know that e 15 is not a problem. e 85 can sometimes get reduction in mileage. 4 million miles they showed us not rising with ethanol. >> watching guys coming around the track. they're not racing. these guys are just practicing. as he points out, lori, 4 million miles, no problems with nascar with ethanol.

>> get the best assignments. no better way to tell the story with ethanol than right from where you're standing jeff flock. thank you very much. >> better than a cornfield. ashley: jeff, thank you very much. all right, let's speed on down, shall we to the floor ever the new york stock exchange. ben willis, standing by. ben, listen we're finishing, we're up 70 points on the dow now. it has been an interesting week. syria appears to be on the backburner. we have the fed meeting next week. what does your inner radar tell you we can expect next week? >> well as i've been saying for white a while we can expect the fed to begin its tapering. the only question for the market right now is what degree the weather is taper light or full steam ahead. the markets right now, the questions will be blend they taper off, meaning all in the u.s. treasury markets, than a split between the treasuries and mortgage-backed securities. to me my inner radar is tapinger

will happen. get used to it. 10-year yield is telling you it is going to happen. you better have the portfolio aligned for it. ashley: what are you expecting, ben? you're saying a small taper and will the market take that in its stride? >> i think the market is expecting somewhere around 10 billion the number we keep hearing. if it is larger than that hopefully, this will sound a little crazy, they will get a little bit more after correction that was interrupted within last week. we were in a phase of 4.5% on the major indices. we've kind of bounced off that level. i'm not sure the correction's done. that being said, when we do correct, if we do correct, that will be a buying opportunity for everybody who is watching. >> very good, ben willis. have a great weekend. >> you too. thank you. ashley: you think your commute was bad this morning. how about this one. take a look, hot-air balloon. that is a hot-air balloon. that ride turned out to be a total bust. a lot of helium.

the first the only thing these rides will bust is your bank account. preview of barrett jackson's collector car auction. would you like to buy this? coming up next. ♪

lori: cars, million dollars cars, intro needs no further information because i am so pleased to be joined by craig jackson, barrett jackson chairman and ceo, one of the largest car auction companies in the united states. you have brought along some million dollar cars to show us. without further adieu, get right to it. what do you have behind us? >> these have really gone up in value over the years and for a long time they were, 2, 300,000. they hit a half million and

boom, we sold two of them for over $2 million. lori: this car is worth two million dollars? >> this will probably bring 1.5, 1.7. the other two was lowest mileage original car, the other one we sold last year was clark gable's. it had a lot of previous nance. this had a full restoration. that is where very, nice going for selling. >> going for auction. million 1/2 dollars. who might by it? what type of person. >> checktory as this has always been their dream. they have been great appreciating assets. lori: alternative assets right now are the way to go. >> alternative assets and cars are outperforming all other collectibles? >> why is that. >> i think it is the love affair for cars. it is really relate to it. ours has been a good run. vintage guitars but nothing really like vintage cars. lori: what is this. >> six at this seven, 330

ferrari, gtc. these were 100 to 200,000. these are five, one sold recently nor $900,000. the, great pedigree to them. they also are great cars to drive. it has air-conditioning, power windows. you can actually go out and drive this car. lori: you see this one on the highway, perhaps? >> this is a great road rally car. people can drive these. you, the guts of it is really much more expensive car, 275. lori: this car is amazing to me. was this car used for hunting? >> it was. this is a tiger-hunting car. lori: unbelievable. what year? >> 1925. it's a phantom 1. it has gun holding racks in it. because we brought it to new york we took the guns out. it has all the guns with it. it has a trailer with another gun on the back. lori: royalty would take this car out. tell me the backstory? >> it was owned by a mao raja.

he continued it to be built. it was made specifically for him to go hunting on his land. lori: who would purchase this and what value would you assign to it? >> this brings, mao raja cars brought up to 3 million dollars. i think this car is somewhere in the 700,000 dal. it could bring a million dollars. so -- lori: are there american buyers at these auctions, international buyers, a mix? >> scottsdale auction, i sold three cars to russia. there are collectors now in all parts of the world. asia is buying a lot more collector cars. lori: is this your personal car? you zipped right in hire on 48th street. >> these, i get asked all the times are there modern collectibles? these were made in 2005. they made 4,000 of these. they are $165,000. they were re-creation of the legendary ford gt 40. these are bringing, cars that have a lot of miles will bring 200,000. this car has 54, 58 miles on it

as of today. never been titled. been in the wrapper. was held in climate controlled environment. lori: it is flawless,. >> it could bring 300, 350 now. lori: we have to wrap it up. this is in vegas. you can watch it on television. >> you can watch it on tv. for those who watched speed, speed is fox sports 1. fox sports 2. "national geographic" channel. 22 hours live. high-def tv, the 26th, 27th, 28th. barrett-jackson.com. you have a channel finder. find us. lori: craig jackson, you do your own promos. this is blast, ash. ashley: rolls-royce phantom with machine gun on the rack. that will help you get around new york city quicker. fascinating stuff. what goes up, and must come

down and sometimes quicker than hoped for. american aviator jonathan trappe failed to go across the at atlantic lifted by 370 helium-filled balloons. the adventure took off from maine and made it to newfoundland, canada. the balloon craft was never able to have stable altitude and had yo-yo effect and caused him to lose altitude sporadically and made him ill. we have to settle for the balloon trips across the english channel and the apalps. better luck next time. twitter's long-awaited ipo following. and how it used the jobs act to keep the numbers confidential. the brian corn and scott kessler weigh in. we'll take you through the next hour of markets now. stick around. @??

ashley: welcome back, everybody, i'm ashley webster. tracy: i'm tracy byrnes. a little bird flying high. twitter sparking buzz on wall street with its ipo announcement but with the details under wraps, do investors need to worry about the company's growth. so ahead we'll take a closer look at the ipo timeline with attorney brian corn and analyst scott es kessler. ashley: the d.c. drama continues. forget syria. between the fed and congress, the white house certainly has its hands full. "wall street journal" steve moore is breaking down all the issues. tracy: not just companies looking to push retirees for health care exchanges after all. the city of detroit can make a similar move as it tries to navigate through the bankruptcy process and it is causing some major outrage. gerri willis will weigh in and has major details coming up. ashley: we'll finish out the trading week and head back down

to the new york stock exchange with nicole petallides. the dow is still up 74, nicole. >> it is looking good. we've had a great week right now on wall street. you see the dow jones industrials at 15,375. when we closed last friday, we were at 14,922. we weren't even above the 15,000 mark. you have to say, hey, this is great week for the bulls. we had relief pertaining to syria. three major average, nasdaq, a while ago it had not been the case are all doing well. everybody continues to look forward to next week. what we may hear or what we will hear from the fed is better way to say it, about tapering and a lot of traders are expecting, you know, let's say 10 to 15 billion in tapering, if we get something different you will see markets gyrate. i want to talk about intel quickly. best performer on the dow throughout today after a positive note from jeffries, today. talking about chipmaker raising

from buy to hold. micro processer chips that are cheaper and less expensive. that may bode well for them going forward. the stock is up 3%. back to you. ashley: very good, nicole. thank you very much. twitter stealing perhaps some of the spotlight for next week's all-important fed decision but my next guest said the ipo filing is the start of a much larger shift to risk. let's bring in milton mess rought at this, senior economist at lord abbett. we have news of the twitter ipo. we had the huge bond deal with verizon like 49 billion. what is this telling us about the markets right now and investors psyche? >> well, i think it is two things. one is, there's a tremendous amount of liquidity and that remains in the markets, so even as we anticipate the fed tapering there's a lot of money to move around and there are a lot of people who are looking, in the direction of risks. so that's very good and bodes well for the rally to continue,

the equity rally we've been enjoying this week. the other thing that's happening here is because the fed is talking about tapering, people realize we're probably seeing lows in long yields for quite some time. a lot of people are deciding they will get in when the getting is good. whether it's a bond sale or ipo which will depend a lot on credit for those buying, people are trying to get the lowest rates they possibly can. ashley: let's talk about the taper next week. what are you expecting from the fed. if we get a five, 10 billion-dollar cut in bond purchases, does the market just absorb that, taking it in its stride? or we get a slightly larger cut than anticipated, what happens then? >> well, i think you're quite right. in the market well anticipates effectively tapering light. it was signaled last june. we had all the trouble already. people are anticipating this, this five, 10, maybe 15 billion slowdown in the purchases of bonds. i don't think the market would

do very badly. there may be a bad afternoon when it was first announced. but i don't think it would be taken very badly. anything more than that would look like the fed accelerating the trend and market would probably take that badly. we would have a rerun what happened late last june if that were to occur. i don't think it is particularly likely but if it were to occur. ashley: if it were to occur, buying opportunity would you think? >> i definitely think it would be a buying opportunity because even if the fed would go further than they have said or implied, there is still a tremendous amount of liquidity there to support the market. we're talking about purchases of 60 billion, 70 billion, maybe 50 billion even, if they go that far. still a great deal of liquidity support. the valuations even though the market has done very well, the valuations remain attractive. ashley: you say they're not drop-dead gorgeous but they are still attractive. what kind of target do you have on the s&p, milton, at year's end? do you think we'll move higher? >> i don't have a target on the

market for year-end, but i do think they will move higher. there will be a rough patch here, whether, on the tapering announcement, that could cause some trouble as we just described. we have to go through the debate in congress effort continuing resolution an the debt ceiling. our guess they will agree to disagree and postpone the decision but while this debate is going on there will be a lot of nervousness. that will cause some rough patches. by and large, valuation, continued support from the fed, this market can end the-year higher than it is today. ashley: very good. milton ezrati, thanks for joining us as always. tracy: we like that. good news. back to the big news from twitter, the company finally spreading its wings and flying into the markets. announcing plans to take the company public. there are tweet. shouldn't surprise anyone though. robert gray, with san francisco now with how people in the tech industry are reacting to the news. hey, robert. >> they're all atwitter as you

might say, tracy. pardon the bad pun. seriously announcing the twitter ipo could value company 10 or $15 billion. given the new rules of the confidential filing from the sec with the jobs act we don't know if they're profitable. they are expected to have 5 to $600 million with revenue. we have the founder and ceo of tag a social discovery site. actually entering its 6th straight year of being profitable. thanks for joining us on fox business. what is the buzz at your shop after hearing the news last night? >> i think everyone is excited. it is very interesting that they announced it via tweet, of course. i think this is just the latest in a string of blockbuster, social, social businesses out there. >> we're seeing these stocks really come roaring back. facebook closing at a record yesterday. probably no coincidence that the file is dovetailing with that you look at it, a lot proves and cons. facebook had a tough time with

the ipo out there. it's a big pay day for employees out there. what do you think? you've been profitable for several years. tough look at this as an example. are people going to try to get the ipos out now while getting is good. market is back, unsure whether the fed will slow things down. great companies can go public whenever the market is open. we saw linked in and facebook and twitter is next. there are always pros and cons. as long as a company can really stay core to its mission and its culture, then, sort of actually doesn't matter that much whether the company is public or not. ask you very quickly, your employees are asking quickly, ipo, yes or no, for you? >> for tagged. we're actually, building a company in a way such that we could go public in o 2015 if we wanted to. ipo ready, not necessarily ipo yet. >> you heard hit here first on fox business. thank you, greg, for joining us exclusively on fox business.

back to you in the studio. tracy: thank you, robert. i bet you will go back and tweet about it. we're digging into the twitter ipo with attorneys security, brian corn and s&p i.q. analyst, scott kessler. would be good if we communicated only 150 characters at home. we wouldn't fight as much, my children and i. cut them off at 140 characters. japan's nikkei newspaper reporting that white house is tapping larry summers as the new fed chief. the white house, well, taking to twitter to respond. ashley: what else. they are considering pushing retirees now into health care exchanges. we'll look how oil is trading as we come towards the close. for oil, contracts. oil, down a little bit today by about 90 cents at 107.71 a barrel. we'll be right back.

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stock continues to be juggernaut. they missed earnings consensus. wall street is looking finally as one of the names that is just a solid name. over 100 years old. one of my original reasons is getting into the stock reilly lacking was penetration around the world. they said most of the best growth is from north america. tracy: wow. >> you know what it is? innovation. september fourth came out with first double oven freestanding range. tracy: really? ashley: double oven freestanding range. tracy: that means it can go under the counter. otherwise you have to build them into the cabinets. >> the stats they put out there, really interesting. 90% of all households cook at least once a day. average is 2.5 times a day. coming up with innovative products. you can argue part of the housing recovery, too. ashley: sure. >> home sales, all that kind of stuff. all that is going.

stock made a huge move. from valuation, point of move, traditional valuation metrics, 17 pe. peg ratio of 0.4. for a growth company, that is extraordinarily cheap. trading 60% of its sales, so. you know, i still continue to like it. i still think they're doing pretty good. a couple of rough spots. europe was a little rough for them. asia, i need to see margins coming up but overall. tracy: i'm telling you love my washing machine. >> you told me that last time. tracy: the thing starts working every day at 4:30. when i put the first load, around 4:30, quarter to five. the puppy works all day. >> you keep it busy with all the sports. tracy: telling you. i can't even imagine how many loads a week i do a week. ashley: o bring my laundry in tomorrow. tracy: i don't know how many loads. >> need a lot of quarters. tracy: oh, my god, quarters. i need a night job. charles payne. thank you. >> thanks a lot, guys.

ashley: coming up to quarter past the hour. let's get back to these markets. nicole petallides down at nyse. nicole, food stocks, i'm starving by the way, doing very well today. >> that's right. let's take a look at some of them indeed. they are doing exceptionally well. united natural food shares hitting all-time high. we're looking at moves, retailers, full-year forecasts topped analyst estimates. posted double-digit revenue growth higher demand for the products. organic foods, that has been the wave and we've been seeing. the stock really reflects it. up over 13% today. safeway, has a nice comment from credit suisse today. they were upgraded. that has been a winner in the s&p 500. i could see whole foods hit a new 52-week high. as well, but overall the group is certainly a stellar performer. nature's grocers, another all-time high as well. that is worth noting. so in the food realm a lot of these provide some healthy

foods, natural foods. organic foods, which certainly does well. back to you. tracy: sure does. ashley: nicole, thank you. we'll be back to you at the bottom of the hour. tracy: something about the $7 granola. ashley: not healthy for the bank account. let's put it that way. tracy: possible changes to retiree benefits in the bankrupt city of detroit causing some outrage and gerri willis is up next on that story. ashley: first let's see how the u.s. dollar is moving right now. it is generally down against most of these currencies, look at u.k. pound. almost at its high for the year against u.s. dollar of 1.5879. could have hit 1.60. already expensive in london but that would be ridiculous. we'll be right back. tracy: wow. my mantra?

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>> at 19 minutes past the hour i'm arthel neville with your fox news minute. the u.n. secretary-general says a report from inspectors will show that kept call weapons were used in syria last month. ban ki-moon also says that president bashar assad's regime has committed many crimes against humanity. he made the comments ahead of the u.n. -- says the report was finished. natural guard troops reached the colorado community of lyons. it is among the communities

isolated by flooding. look at pictures. thousands of residents were to head for higher ground overnight. 1 people were unaccounted for and rain continues to fall there. new jersey governor chris christie said fire destroyed the seaside boardwalk. it is 95% contained and could take days to distinguish hot pockets. the blaze leveled 50 buildings and destroying the iconic boardwalk which was rebuilt following superstorm sandy. those are the headlines on the fox business network. back to tracy. hate to report that. tracy: i hate to hear it. arthel neville, thank you though. the white house denying the report by the japanese press saying president obama will name larry summers as the next fed chairman. in a twitter response, the latest rumors this morning in the japanese press aren't true. the president has not yet made a decision on fed chair. this is just the latest twist in the search for bernanke's replacement. we have to bring in fox news

contributor, "wall street journal" senior economics writer steve moore. steve, growing up, my mother told me there is truth to every rumor. how, right? [laughter] so, where did they get that? >> well, you know, there are slivers of truth to every rumor. look, there's no question right now, president obama is looking at janet yellen and looking at larry summers. i don't believe the choice has been made. i think they're really weighing these two options. there is no question that the left-wing, democratic base of the party wants janet yellen, a, because she is more of a, inflation dove and. b, probably because she is a woman. i think barack obama would like to appoint the first female head of the federal reserve. but don't count outside options. think i tim geithner is a possibility, kind after third, maybe compromise choice. and i am not ruling out the idea that bb, ben bernanke may be

reappointed which might be the option that the financial markets like the most. tracy: we actually have had a guest on our show, drew mattis, chief economist at ubs, said that he suggested that at least stay on for another year just to make the tapering transition somewhat smooth. so maybe we reappoint him and then maybe leaves to go write his great american novel in a year and then we come back to the summers-yellen debate. >> you know, i'm old enough to remember back when these debates were happening and the in the clinton administration about whether to reappoint alan greenspan and there were a lot of liberals in the clinton administration that did not want alan greenspan reappointed. principally because alan greenspan was a republican and, bill clinton defied a lot of the expectations of that at that time and he did reappoint alan greenspan very much in the kind of debate that is going on right now and a lot of us, myself included think that was one of the smartest choices that

bill clinton made as president. tracy: we have a lot of other stuff going on too. we have a change of of course in our top economic advisor. we have a continuing resolution fight on the table that there will be debt sealing in november. what of all this, worries you the most? >> you know, i think what worries me the most is a fiscal con tiff is the idea republicans will overplay their hand. i think they have a pretty strong hand right now. i wrote a piece in the "wall street journal" a few weeks ago that the sequester is working. it is bringing down spending for the first time in 50 years. we've seen two straight years of reductions in federal spending in part because of the sequester. i worry that republicans could basically overplay their hand, resurrect barack obama in terms of his opinion, political opinion approval ratings by getting into this big spat. so i think it would be a mistake to, you know, go right up to the edge on the debt ceiling as we

did two years ago. i think it would openly roil markets and i'm not sure it would accomplish much. tracy: i know but i'm, call me skeptical. >> this is what makes my job so interesting and your job, right? we know it will go right down to the wire. tracy: exactly. >> it always happens. tracy: right. >> like freddie in friday the 13th. he just keeps coming back with another sequel. tracy: right. god bless them and it gets worse and worse as it did with friday the 13th. steve moore, thank you very much. >> thank you. have a great day. tracy: was it friday the 13th? "nightmare on elm street." freddy krueger. i don't actually watch horror movies. i pretend i know what i'm talking about. ashley: public workers are outraged over some big changes that could be becoming to retiree benefits in bankrupt detroit. gerri willis, host of "the willis report" is following this story and joins us with more. i'm sure they're not real pleased. >> i have to tell you the

numbers here are unbelievable, when you look what detroit owes and how much health care for retirees cost. here is what they want to do, the emergency manager for detroit says, let's give a stipend of 125 buck as month for retirees, civil servants working for the city. if you're over 65, sign up for medicare and enjoy it. the unions are up in arms but you have to see the savings here. they have 23,500 people in retirement. that is double the number of current employees. ashley: oh, my goodness. >> tab is unbelieve. will reduce health care costs from 170 million to 50 million. ashley: 120 million savings. >> 170 million to 50 million. >> they save 120. >> i'm sorry, they save $120 million. here's the other big number. so these health care costs and benefi retirees are half of their unsecured debt. so they have 5.7 billion in debt for this. their total unsecured debt,

$11.5 billion. it is unbelievable, staggering what they promised retirees and what they can't give them now. there is another shoe to drop in my view, we've been looking a lot at enrelatement of obama health care exchanges. it starts october 1st. what everybody is looking for and what the white house, frankly has their fingers crossed about. they want young people to sign up. young people is what makes obamacare work. you have to have people paying into the system. ashley: right. >> but not taking out benefits. what detroit is about to do is screw this all up. ashley: the opposite. >> you have to think there are million other cities an towns out there that will do exact same thing. ashley: will you talk about this on tonight's show, gerri? >> we're not talking about it on the show but we're talking about the ben bernanke story. who takes his place and who is giving the president economic advice these days. do they have the chops? do they have the chops? ashley: i know. that is a very good question. gerri, thanks very much. don't miss "the willis report"

at 6:00 and 9:00 p.m. eastern time right here on fox business. all right. it is official, seven-year-old twitter, only 7-year-old, just a little thing. twitter filing for its ipo but will it prove to be a money maker? that is a big question. tracy: a huge question, as we head out to break let's look at some of today's winners and losers on the s&p 500. safeway is up. ashley is hungry. ashley: there you go. tracy: 6.7%. gamestop, somebody is playing videogames again. up 5.6%, thanks to ashley's sons. we'll be right back. [ male announcer ] these days, a small business can save by sharing.

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tracy: 90 minutes until the close. nicole petallides the new york stock exchange. nicole: finally, for a lot of people who were waiting for it, we closed below the level. we have three days of triple games. i wanted to take a look here at all beauty products at ulta. same-store sales rose more than expected. up 8.5%. this is the first report over

the new ceo. great news. ashley: it is the most highly anticipated ipo of the year. twitter is going public. what does a confidential filing mean? brian, we will have you go through what we can expect to happen over the next couple months. scott, i wanted to ask you first. why now? facebook was a lot longer when they decided to go public. >> number one, we think twitter was looking to kind of calm

public before it became more mature. facebook had to deal with some questions and issues related to that very fact. the jobs act that was signed into law last year, it allows companies with under $1 billion in revenues to pursue this process. that may have been appealing to twitter. it seems like markets in the u.s. and around the world are strong to stable. there is tremendous demand, in particular, to social media related equities. ashley: very well laid out, scott. take me through the process of how this will play out.

>> sure. there is a perception that small businesses are not going public because the administrative cost of doing an ipo and being a public company were to great. it was originally proposed to be something far less than a billion dollars. now you have about 90% of the calendar qualifying as a of emerging growth companies. it likely does not have an actual offering amount. they view it the same way they would view an actual file. ashley: so, they go on their

roadshow. they must file 21 days before they kick off their roadshow. >> they generally get their first set of comments back within 30 days. if you respond to comments with another confidential draft, it you can push it out even further. we would see them filing a perspective sometime in late october. they would then be able to launch their roadshow. ashley: scott, i know you do not want to get into valuations. how do you monetize what really is one of the original social media outlets for mobile? where does twitter stand?

>> i think that this is a really interesting point. when you think about facebook, i think well before even a company completed its ipo last may, questions were rising and significant related to facebook's opportunities, businesses and most importantly risks relative to both mobile and marginalization. it seemed like at that point its mobile products were not that well developed, were not that well received and that while positioned to monetize. now that has turned around. conversely, you think about twitter. this is a company that was conceived of and really lives on

, to a large extent, mobile devices. >> i would expect them to go out and be slightly more conservative. a big criticism of facebook was that the pricing did not leave any money on the table and therefore they snuck up a lot of the aftermarket demand. there were not a lot of shares love for people to buy. i think they will probably look at a smaller transaction and one that leads them in an aftermarket to trade. ashley: we are already out of time. we will be talking about this a lot in the coming months. thank you both for being here. >> thank you. >> thanks a lot. tracy: you think you have debt? jpmorgan has racked up over $18 billion in legal fees since

2008. we are talking billions to fix risk and compliance issues. this has to have some sort of impact on the stock. ashley: as we do every day at this time, let's take a look at the ten and 20 year treasuries. we are 3.85. we are unchanged on the day.om we will be right back. ♪ take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deservlimited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or% cash back , now where's the snooze button?

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♪ >> i have your file business brief. problems with citigroup's website. they are still working to determine the cause. working to resolve an issue affecting the availability of some of the websites today. we apologize to our customers for any inconvenience. a temporary computer failure will impact service throughout the day for some flights. expect delays and check for flight status. the latest index found consumers concerned that higher interest rates could slow economic growth and hiring. that is the latest from the fox business network. giving you the power to prosper.

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tracy: charlie gasparino was the first to report jpmorgan chase bouncing mounting regulatory legal woes. elizabeth macdonald is here with the details. >> and probably does hurt the stock. they made 20 billion last year. that is not great. jpmorgan chase, remember last march the federal reserve that you pass the stress test. listen, you have problems with that stress test. you have to come back and resubmit your dividends at the end of this month. that is why the bank is telling me why they are also beefing up

eternal controls. last month, they only did half of what they did last year. the fact that they have to come back to the federal reserve and say, listen, we have better capital plans -- goldman sachs has to resubmit their plans for the end of the month. what is going on with jpmorgan chase is across the board. look at what a citigroup executive told me. we are locked in endless meetings about meetings and meetings to discuss meetings with federal and state regulators swarming over us. [laughter] tracy: they do not even know what they want. this is crazy. re- issuing numbers.

this is crazy. these guys know what they are doing. >> correct me if i am wrong, they have to answer to a lot of different regulators. tracy: right. exactly. >> that is another problem, too, with what is happening with the banks. ashley: interesting stuff. tracy: not good for the whole sector. ashley: by the way, tune in monday for the full coverage of the market meltdown five years later. can it really be five years. we have the former ceo of wells fargo. he was in the room. he will be here to reflect on that and how far the banks have come.

dennis kneale is here now with new details and how much netflix could threaten the net. dennis: a new study shows the real cost of taking fat payments from netflix now. cartoon network ratings are down 10%. a stanford bernstein report says. cartoon network ratings are down. netflix is only a small part of the problem. at what point does the money

netflix pays you up that no longer offset your loss of viewers? the nickelodeon kids network recently but a deal expire. kids love watching the same episodes over and over. spongebob was hurting ratings for the same reruns on nick. that series tells a story of a mysterious giant dome downfalls over an entire town and feels that off for the entire world. amazon subscribers will be able to watch episodes four days after they air on cbs. some tv shows actually get a great boost from netflix. breaking bad. ratings rose 40% from season three.

ashley: it is so great to just watch one after the next. you really get into the show. so many people get into that now. got to love it. thank you, dennis. tracy: some breaking news. united airlines says it will honor the tickets it accidentally gave away for free which is crazy. they said we have reviewed the error that had occurred yesterday, based on the specific circumstances, we will honor the tickets. some of the tickets were free. how cool is that. another reason to troll the web and check the airline sites. who knows what you will get for free. ashley: good stuff. tracy: we head down to nicole petallides on the floor of the exchange. nicole: disney is up.

the company announced it is boosting its share buyback plan. we are seeing it up that 66.91. they usually do about a $4 billion buyback. the chief financial officer certainly seems to be feeling very confident about what he has been seeing. they will use some of that cash on hand. it certainly shows a lot of confidence in their coming movies and products. so far, so good. the stock is really reflecting that. back to you. tracy: have a magical day. ashley: the magical place on earth. [laughter] ashley: straightahead, we have a

guest who will tell you where to put your money once the fed actually begins that tapering. tracy: a turnaround for the videogame industry. we will tell you what is behind the first monthly gain in nearly two years. we will be right back. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade.

tracy: looking for ways to protect ourselves from rising bond yields? everybody is. we have some cheap stocks with rising dividends. first, i think, the presence of it is really interesting. go after stocks not just with dividends, but with the dividends that are growing.

>> merrill lynch says that the ten year yield they go from 2.9% to 4% by the end of next year. if that happens, you could lose 4%. you have to be careful. if you go after the stocks with just a high dividend yield, the problem is, they don't have a lot of dividend growth. look for rising dividends. those can continue to increase their appeal with investors. tracy: that is an interesting point. if the stock price stays stationary, the higher yield is still your better call. that higher yield kind of washes itself out. on the utilities, i am saying. >> more similarly to bonds. they are in the income that they

produce. it is pretty stagnant. that is why they tend to get hurt. tracy: it is almost surprising that people have not started to look at these stocks as bonds. >> somehow. those groups did well for a long time. tracy: i love that you are just a diehard boeing guide. nothing can keep you away. >> i have liked boeing for a long time. it spends a tremendous amount of money to develop the plane, but that it has years and years and years of huge and growing cash flows. you have a company that will earn six dollars change this year, but those earnings could rise over the next five years. 1.8% now could go while over 2%.

tracy: that is great. cbs, i mean, i am there twice a week. ridiculous. >> there is not much sales growth. there is real good margin growth there right now. that is a company that has been spending a bundle to repurchase shares. it is only 1.5% right now. in two years time, that could be well over 2% of today's share price. finally, ge. >> the stock has been a dog forever. no one knows really what the company is or does. the problem is it has been a bank in disguise for a long time. it is starting to sell a lot of those financial assets.

as it were closely resembles an industrial company, you could see a higher valuation. tracy: look for them all around. the bank is like stuffed in a washing machine somewhere. good stuff. thank you very much. ashley: let's finish talking about the videogame industry. new data shows that sales of new video games, hardware, software and accessories in the u.s. rose last month. the growth coming on strong demand for console and pc games. it bodes well across november. tracy: did you see the pictures of those boys? they are like drooling. ashley: like my boys. once they get into it, forget it. tracy: how many kids will be

wearing glasses in the future because of this. coming up on "countdown to the closing bell," looming worries about the housing market. we will talk to the ceo of an online real estate. lori rothman is straightahead. do not go anywhere. ♪ [ male announcer ] how do you get your boce?

i'm, like, totally not down with change. but i had to change to bounce dryer bars. one bar freshens more loads than these two bottles. i am so gonna tell everyone. [ male announcer ] how do you get your bounce? [ woman ] time for change!

♪ lori: endo very good afternoon, everybody. nicole petallides n4 liz claman. it is the last hour of trading. if even the you won't be able to trade for a while, the world is a twitter about the highly anticipated ipo of twitter. gillette said he stands to profit and how you can get in on it. major u.s. markets are hired day after the s&p look -- broke its longest winning streak since