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tv   Markets Now  FOX Business  November 11, 2013 11:00am-1:01pm EST

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dagen: to our veterans, you are the reason we are free. connell: a moment of silence going to the top of the hour. here it is. [moment of silence]
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connell: so i moment of at the new york stock exchange. ♪ ♪
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connell: the traditional wreath laying ceremony on this veterans day 2013. before that was only moment of silence at the new york stock exchange in new york city. dagen: to our veterans we say thank you but words can never be enough. but we want to move on to the news of the day, and days passed and days ahead. we talk about the troubled healthcare.gov website warning users over the weekend and today of delays being able to submit applications. connell: we will talk about that with rich edson. rich: well, dagen and connell, this is the weeks of the administration releasing how
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many people have been able to enroll in health care through healthcare.gov. there were investigators using administrative documents saying only six people enrolled in the first day, a few hundred people in the first two or three days. the administration says those numbers are not reliable and refused to give numbers of their own and says this week's they will do so. when it comes to setting up healthcare.gov, the government should have left this one to the private sector. >> i would drag this out of the white house, i would have an ongoing task force. i would have one person in charge of it and i would meet every day to make sure they are getting this straight because the president's trust on this program is really going to be dependent on his ability to fix it, and they have said they want to fix it by the end of november but i think that is going to be tough. >rich: the administration refuss
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to say what they they will release the numbers, only to say it will come this week. on wednesday house oversight and reform committee will host a hearing and they want information technology chief on. he says he cannot go that day because he is too busy fixing the website. a bit of an argument on top of a number of other arguments going on in congress right now, when todd park will testify. back to you. dagen: thank you so much. the chief information officer for medicare and medicaid actually resigned last week, leaving the job in a week or so, right? rich: yes. dagen: with more, "wall street journal" senior economic writer and editorial board members from washington, d.c. can it get worse from here? >> that was a pretty harsh criticism, don't forget, dagen, he served in the obama cabinet.
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for him to say this is becoming a matter of trust of the american people and this president is absolutely true, and when you have people who served in the cap anent saying that, your question can it get worse, i think it can. it looks now, dagen, we reported this this morning that the website now will probably not be ready at the end of november, so this is like to. when will it be ready? this is beginning to be a bit of a crisis because remember all those people losing their health insurance, what are they supposed to do? going to the exchange on the website and find a new plan. they literally cannot do that now. dagen: what happens to those people, steve? we will hear more from them in the coming weeks and months, for sure. >> dagen, i have been predicting that there will be a delay in the whole program for a year. that is the democratic political
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interests. this is becoming a meltdown. my talks my congressional sources were democrat, they want to move this past the next election, so i think there is an increasing likelihood that this thing will be delayed for a year, but that still doesn't give, so doesn't equate to the people who have lost their health plan. i don't know what you do about those people. dagen: i can't help but wonder what happens with the employer-sponsored health plan, because we still talk about them as if they will remain untouched and won't change or the employers won't change those plans based on even more elements of this law kicking in. >> you know, dagen, that is a critical point. you are exactly right. we have been focusing on people losing their insurance in the individual market, and that has been a crisis, no question about it. the next shoe to drop as the one you mentioned, dagen. now you will see small
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businesses if they haven't already done so talk about dropping their plans because just like individuals are getting released from their plan, what is happening with small businesses is their learning from their insurance companies covering their employees that by the way we will have increased he your premiums by 35, 40% next year. small businesses are struggling, they can't afford that. dagen: there is a tide you are trying to turn the tide and point the finger now at the private sector at the insurance company and even at doctors. >> nobody likes health insurance companies, me least of all. insurance companies made the deal with the devil on obamacare. we probably would not have had obamacare if it was not for the big insurers buying into this plan. look, maybe there is some blame on the insurance companies but this was all set up by the obama administration. about to run smoothly.
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i am annoyed by the fact there has been no firings, nobody has been held accountable yet. that's doesn't happen in the private sector. you have a half billion dollars screwup, somebody gets eld accountable. dagen: good to see you, thank you very much on this veterans day. >> never heard the new york stock exchange is so quiet, that was a great moment. dagen: i just want to say the laying of the ree wreath, it isn important day. good to see you, thank you so much. >> take care be at connell: reports 10,000 people may be dead. thousands are missing in the central philippines after the typhoon hit three days ago. fox news is covering the story
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for us joining with the latest. claudia: we're coming to you live this morning from the excelsior district of san francisco. 640,000 filipinos who live in california bay area. it is a tightknit community and one that is really stepping up to help, amid all the devastation in the philippines. because of this typhoon. people throughout the weekend since friday have been coming to community centers like this one donating food, water, medical supplies and other kinds of toiletry items needed, but really organizers say what is needed most is money to get supplies to relief workers on the ground now. some turned the effort into a teachable moment. >> i have my son with me here today, try to teach them the importance of when somebody needs help, we help them. definitely they need help. claudia: a number of fundraisers
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at being held across the country as well. spirits are high in los angeles after 300 people took part in a fund-raising walk to raise money for those in need. collections taken at church services as well and reminders a dollar in the philippines can feed a person 10 meals, so obviously something to keep in mind with the perspectives of how much that money is needed over there right now. connell: i am sure a lot of people there still looking looking for their loved ones here this morning, right? >> they really are. a lot of people are having a hard time tracking down their friends and relatives in the philippines. one local church leader visiting still have not been heard from and his convocation includes 50 filipinos, so far they have not had any luck. people have not been able to track down their friends or relatives because the typhoon knocked out medicatio communican
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networks. that effort and more donations at the filipino in san francisco, all the other centers across the country today. back to you. connell: in terms of the storm itself, it has been downgraded to a tropical storm at this point making its way through southern china. dagen: with more on that, meteorologist maria molina covering the storm. maria: good morning, dagen and connell. the storm has been downgraded. the longer typhoon, but creating heavy rain in vietnam, impact in that area. even very strong wind. several more inches of rain across parts of southern china,
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higher amounts of rainfall. loooing at flash flooding and even mudslides possible so that is something we will keep an eye on. farther off toward the east, east of the philippines we are tracking another disturbance across the pacific ocean, and it is forecast to come together a little bit. you can see it on the satellite picture as it approaches portions of the philippines and we're expecting more areas of heavy rain especially along some of those areas already hit so hard, again more rain, more gusty wind. the only good news is we don't think the storm will intensify or become another typhoon. salt to the wound across the philippines. connell: maria, thanks. burial molina in the fox business weather center for us. dagen: the dow on track to set another record) nicole
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petallides at the new york stock exchange right now. nicole: began same record saying record close, and record) but when you hear it 35 times, maybe doesn't feel as dramatic but it is a big deal right now down to its industrial 15,784. the tech heavy nasdaq falling back today down almost nine points. names hitting all-time highs and record highs, including johnson & johnson, 3m, priceline. priceline back below $1100. michael kors doing so well with his accessories and watches and bags and the like. let's check in on twitter. over $50 for the first day. today hit a new low but at the same time some positive comments, they think it is going to grow in a meaningful, faster
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pace. however the upside is 33 to $48. they are not mentioning the $50 range. back to you. connell: you will hear all the stories about the ipad air, but there was a defective version of the device that started sparking and caught fire in australia. customers had to be evacuated because of smoke. a spokesperson confirms a burst of flames appeared from the charging port, it was in demo mode at the time. apple has it in question, and it is looking for the explosion. congratulations on that, really happy. dagen: it was like pulling teeth, they were sold out
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everywhere. one of the most prestigious universities as having some difficulty with its finances. harvard university devastated. that is up from $7.9 million in the previous year. operating expenses rose 6%, benefits, wages and other compensation accounting for half of those expenses. chief financial officer says the deficit less than 1% of the school's revenue so it is manageable while still meaningful. dagen: what is that guys name? connell: moving right along, this deal dagen talked about. and amazon sunday delivery, but will it make a dent in the debt
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owed? dagen: we have a wealth management argument, why janet giulia is not the best candidate for america. i look at the world currencies, how they are doing against the dollar today.
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>> 24 minutes past the hour, this is your fox news minute. u.s. statistics john kerry saying the u.s. and alia api framework of a deal of the iran either program. iran did agree to allow the u.s. monitoring at the nuclear site. talks resume november 20. disney superhero sequel thor dominated the weekend box office earning a $6.1 million domestically, that is a record of november opening for disney film. thor has grossed more than
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$300 million worldwide. drew brees led in orleans saints predominating 49-17 victory over the dallas cowboys. 392 yards, four touchdowns. and a league record 40 first downs. it is $86.4 million. connell: our question of the day. dagen: i can remember stuff i read. connell: were good at interrupting when i'm about to interrupt someone. we have a question of the day, can amazon save the postal service? weigh in on that. dagen: humbly not, but amazon can certainly help.
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the two are teaming up for sunday delivery so that has to be some good news there for the usps. elizabeth macdonald is here with that. liz: i want to hear more of dagen's thoughts. she has a lot to say, she is very smart. dagen: you do your story and i will tidy my last last experience in the post office which did not result in my arrest, but close. liz: now i have 30 seconds. los angeles, new york, sunday postal delivery for amazon prime customers. so basically amazon's show in the u.s. government how to fix the u.s. postal service. they're taking it directly to ups and fedex. this is a big deal because basically the u.s. postal service saying we want this business, it is trending toward $190 billion package delivery for the u.s. postal service now
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makes up a fifth of its revenue for the u.s. postal service so yes it is running at a deficit, lost $16 billion last year but the u.s. postal service is working with amazon to do this sunday shipping. whether they step up the plate means to be seen. interestingly enough they don't need a congressional approval. they wanted to cut saturday delivery, now we're seeing amazon and ups looking up. no details on the revenue involved but the postal service does charge these companies more for package delivery and are seeing a room and deliveries, supposed to rise by 40%. back to you guys. dagen: i had to mail something certified mail and i swiped my credit card and the person behind the counter jerked it out of my hand and said i had to sign it. i was told it has to be a sharpie.
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look here, have a sharpie. individual told me my signature showed i have a bad attitude. my handwriting says i have a bad attitude, how about this hand gesture. connell: thank you very much for your fine reporting. moving right along this morning. dagen: janet yellen, some concern among wealthier americans. fed reserve chief nominee may be looking to spread the wealth around and the impact on the economy. connell: earlier this hour we showed you the president honoring our nation's veterans on this veterans day at arlington national cemetery. we'll talk about the efforts to get more back to work in this economy. taking that up, important issue
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means keeping your family protected. dagen: here's what's coming up the rest of "markets now." former bain capital managing director is here to tell us why janet yellen's nomination as the next fed chief should be the concern for everybody in this country. finding work for our veterans on this veterans day. the unemployment rate for the
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men and women who have served this country higher than the national average. we will look at companies trying to change that. and today is black friday for china. banking on consumers to put them over the hump today. connell: everything is big in china. let's go back to nicole petallides. berkshire hathaway increasing its stake in a dialysis company. nicole: showing the confidence. let's take a look at the moment. up arrows. now owns over 35 million shares. they bought new 3.7 million shares after they reported their earnings and the earnings have to say the latest quarter were somewhat mixed. it is a company that does over 2000 clinics nationwide.
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here is the tenure chart. if you held onto this one over a period of time you have seen a nice run-up. 65 and change back in may, but a nice long term chart and the confidence and backing of berkshire hathaway. connell: nicole petallides. dagen: janet yellen will be on capitol hill to defend the federal reserve superduper easy monetary policy. holding confirmation hearings to determine whether she will or will not replace ben bernanke as the fed chief. connell: our next guest has concerns, for managing director at bain capital joined us so many times to talk about mitt romney. we're happy to have a new subject. why should we be concerned about janet yellen? >> it has a significant positive impact on the economy and the
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other is it has no impact at all other than to at risk. we have pumped $2 billion into the money supply and look at what has happened. no increase in growth or inflation as a result. it would seem like the other theory has been validated which it can do a little more than add the risk to the economy slowing down investment and yet we will continue to pursue a strategy of pumping even more money into the economy than we already have. dagen: isn't it possible that we would have negative economic growth, zero job growth? could it be worse? >> anything is possible but it seems highly unlikely because what we see is the money is largely sitting in the banking system on borrowed. so it is hard to see it could be having much if any impact on the economy so it is hard to say. dagen: what risk has been created? >> think of it like water behind
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the dam. we tried to get a trickle of growth and inflation downstream. nobody knows how it works and what the effect of putting more and more water behind the dam is. but very few people are willing to take investment risk downstream along with the trickle it is creating. we want more growth, keep pumping more and more water. connell: it breaks at some point? i don't want to say extreme views, but there are views that support this, it will be a real mess at some stage. something terrible is going to happen. >> i would think about it differently. we don't know what effect it will have. what we should be worried about is the affected is having today, you don't know what effect it could have on the economy in the future, it has real effects on the economy today. it will dial back their risk-taking to compensate for
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the fact they are seeing much more risk than they saw before. that slows down growth, slows down innovation and investments. dagen: you envision is breaking rather than springs a few leaks because of it springs a few leaks, but that explanation of federal reserve would not be able to remove a lot of it. >> i wouldn't want everybody to stand aside and watch it. i think we don't know what a fact is unwinding. i would suggest it will probably never be unwound. it could spring leaks, it could bust open, it could have other effects we don't understand. connell: what do you mean it will never be unwound? speak out th>> it may even buy o replace them. dagen: a permanent giant balance
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sheet. >> it is injecting a lot of unnecessary risk into the economy for almost no gain. dagen: certainly favors. good to see you. connell: thank you very much. we talk about this shopping day, so this will be a big shopping day anywhere. trying to find a home for its ipo. that company in the middle of this huge sales day. more coming up. dagen: the latest numbers coming up on president obama are not encouraging. we will see with the president can do about that at the top of the hour. connell: and honoring our veterans with jobs at home. many have come over looking to start over in life. some examples straight ahead. [ male announcer ] need help keeping your digestive balance in sync?
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artist u.s. landscaping company. about 10,000 employees across 29 states, and landscape maintenance and snow removal to 10,000 clients including shopping centees. british-based shire. they have a pipeline of lucrative biological drugs. japan airlines says a boeing 787 dreamliner flight had a possible glitch in a battery system similar to previous battery problems earlier this year. the website says it will not emit smoke and the flight landed safely. that is latest from the fox business network giving you the power to prosper. [ male announcer ] how can power consumption in china,
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they can make money. dagen: looking at an exclusive interview with the company ceo. jeff: i am in the small engine capital of the world. the largest maker in the world of small engines within from the generators i saw two lawnmowers to what else? >> ressure washers, snow throwers, tillers, all kinds of stuff we had jeff: largely tied to home sales. take a look as we walk through the plant. between your stock and home sales there i they commit his correlation going back decades literally. elite and die based on home sales. >> when you look at the u.s. market, tries lot of the market. a very high correlation. when we saw existing home sales and new home sales falloff in
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2006 it obviously had an impact on us. as we have gotten into this last season with improvement in new housing starts, we basically saw an improvement in our market. jeff: we see potential growth for you. if you look at the homebuilder stocks they have a lot bigger than you have. you are a little bit longer of a trajectory. >> it takes little bit of time for them to get the appliances and other things in, but the other thing that happened is 2012 we had the drought. jeff: the weather plays a large factor in it. you count on snow this year? >> the last few years have been interesting. lots and lots of snow. jeff: there is something going on with engines like this, a new
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campaign called look before you pump. we will talk about this. how many people knew if you put too much ethanol in these engines destroys the engine? there is a real hazard for these small engines. we will talk about that in the next hour. connell: thank you, jeff flock. dagen: i knew that. connell: you are a motorhead. all right. dagen: today is veterans day. while a focus on remembering and honoring those for their service, there is another side to this story that needs much attention. connell: that would be unemployment. currently 750,000 veterans who do not have jobs today. we'll talk about this on the fox business network, peter barnes covering the story for us.
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peter: hey, dagen and connell be at corporate america to hire more veterans as we celebrate veterans day and their service. many need the help. you implement rate 6.9% in october, about the same as the general unemployment rate but for men and women who fought in iraq and afghanistan post-9/11 the rate is 10%. with the war in iraq over and the war in afghanistan winding down, the problems could get worse. >> any study we we have seen as a pentagon 280,000-300,000 service hours will be departing for the military and will all be needing jobs. jeff: many of them may not have worked in the private sector before and perhaps they don't know how to write a resume or find a job or do a job
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interview. they're getting help from organizations hiring for our heroes and they campaign for the u.s. chambers of commerce foundation with a goal of hiring 500,000 veterans, they are about halfway there. dagen and connell. dagen: thank you so much, peter. connell: we have one security company on track to hire 5000 veterans this year alone. dagen: gerald, welcome on this veterans day. what do they bring by the table that other companies have recognize? speak to one of the biggest values is the ability to deel with change. change is important in business today and veterans bring that ability because they have had to
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adjust too many different environments. connell: there are some of the reasons h you put together for hiring veterans, the training that they have gone through, they do report. obviously you are doing a lot of work with companies. the banks, jpmorgan, is it for profit reasons you go to hire the veterans? does it off to make more sense for the company to hire a veteran? >> i thi is. when we started this military hiring initiative, our ceo mentioned it was thh right thing to do, but use and the program we found out it was the smartest thing to do because when you bring a veteran on your often
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you are bringing people on thatd are motivated and have the ability to start faster and get out quicker out of the gate. dagen: why do you think the unemployment rate is so high, significantly higher than the national average? >> young veterans experience the unemployment because it comes into the workforce with less experience with specific skill sets. young veterans coming out of the military have the ability to create in general business. they are not doing that because i don't know what their skills translate into the civilian world into, so what we need to do is teach the younger veterans and they will then get employed.
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connell: these people don't come back necessarily as they left. talking about mental illnesses, posttraumatic stress obviously is there that some people cannot work in the same capacity they did before they left. do you notice any of that? >> it is not just veteran related. any form, any person can come up with pts. as a veteran i take offense when somebody says because you are a veteran you could get pts. i believe in my heart that we are doing what we can, the government is working to create mental health facilities and
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assistance. dagen: one of the biggest hurdles is getting past the stigma attached to their service. connell: recently with all of the wars. thank you for your service and thank you for coming in to talk to us about it on veterans day. dagen: a record day for sales for internet firm alibaba. more after this. (vo) our new planes don't fly any faster. but it sure feels that way. because with power ports... and wi-fi... and in-seat enrtainment, for everyone on board, now when you fly, time flies too. (flight tendant) sir, we're about to land. (vo) we're adding a brand new plane, with all this,ry week. it's just one way we're building the new american.
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dagen: it is single stay in china. the biggest day for online shopping in the world. connell: this whole thing was made possible by alibaba group,
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controlling 80% offe-commerce in china. as we go to jo ling kent, she has more on this story, and quia story it is. >> a really big story. alibaba's largest e-commerce company. they have two large platforms. they branded november 11 as their black friday. prices for selected products from 20,000 merchants went on sale, as a result alibaba is shattering its own record every single year since. take a look. building goods. last year 3.1 billion. 2011 only $1.25 billion in sales. compare that with cyber monday sales in the u.s., $2 billion. it is just about everything. branded goods from the gap, and
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you can buy a brand from inside china, food, furniture. they promise great deals on bmw. several to watch benefited from this 24 hours shopping search including mobile phone maker. 110,000 new phones plus 330,000 new phones coming out to about $29 million, u.s. dollars, in revenue for the one smart phone company. alibaba chairman did appear briefly at headquarters today according to the "wall street journal" did not comment on what everybody wants to know, where he plans to take alibaba public. the biggest and net ipo since facebook last year. connell: thank you. dagen: thank you so much for that. connell: target and toys "r" us announcing plans to open early on thanksgiving day.
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some saying they should be ashamed of themselves. dagen: honoring the men and women who have served this country on veterans day. i look at what can be done to again address the unemployment rate among our veterans. you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪
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♪ ♪ ♪ ♪ dennis: president obama laying a wreath at the tomb of the
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unknowns, i'm dennis kneale to take you through the next hour of "markets now." the unemployment rate now over 20% for young veterans and for vets overall, that's 10%. is private business a better place to work for servicemen and women than the government? tell us what you think. and target and toys r us announcing plans to open early on thanksgiving while one retailer says they ought to be ashamed of themselves. and former u.s. mint director ed moy is here to tell us if now is a good time to buy in the next hour of "markets now." dennis: well, an all-time high on the markets on friday, and yet we're managing to add a little bit. cheryl: and it is veterans day, happy veterans day, by the way, dennis kneale. we're going to give you a market that's up 18 points. we'll take that this monday. dennis: nicole petallides at the floor of the new york stock
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exchange, what do you say? >> well, dennis and cheryl, we are seeing a market here with up arrows, and we're challenging our all-time highs, at the highest point today the dow jones industrial average getting close to that 15,800 mark once again, right now 15,7800 so about ten points away there the high it hit earlier today, and the nasdaq pulling back a little bit, the s&p gaining right now, up a half of one point sitting at 1771. some of the names that are helping, ibm and walmart. the vixx pulling back, you may remember it was at 21 back in october to. today down again, so we're watching that as well. twitter with new lows, tsa another big piece of -- that's another big piece of news and apple and priceline and best buy, so there's a lot of stories as well. the market momentum has been to the upside and remains so. maybe we'll get six weeks in a row of gains. back to you. cheryl: thank you so much. there are more than 700,000 vets looking for work.
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i spoke with one this morning on "fox & friends". >> to be honest, i think there are a lot of qualities and skills that people in the military have that are difficult to translate into the professional field, civilian side. things like responsibility, initiative, leadership are sort of intangible qualities that are hard to put on a resumé. cheryl: you heard him say it, it's tough to translate military skills, but is it better for vets to work if the private sector? is the private sector the better answer over the government when it comes to hiring our vets? let's bring in our panel, adam shapiro on set, rich edson in d.c., sandra smith in the pits of the cme. first to dennis kneale. do you think the -- i know you believe the private sector's better at everything. dennis: every job you could possibly work is better off in the private sector. i think it's just a tragedy that, you know, veterans under the age 25 have an unemployment rate now of 20%. i think the bigger problem is similarly that our economy's not growing with enough new jobs. cheryl: adam, do you agree or
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disagree? >> it's a silly statement to say that every job in the private sector is automatically better than a job with the government. no need to call it silly. i think a lot of government people at nasa would tell you that's not the case. but it depends on the skill set they have. there are veterans that have incredible skills that might find a great outlet within government work. dennis: you're not saying government's better, adam. >> no. but you're saying private's always better. the benefits with the government right now -- >> jobs contribute to the economy, government jobs suck money out of the economy. cheryl: sandra, what do you say to this? i know it's different in illinois right now with regards to vets and jobs. >> no, and it's a huge one, one that some of the other states could possibly learn from. there's a program here in illinois that for military medics, they can become certified nurse aides or first responders without taking additional training or additional schooling as long as
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they pass a written test that would put them into an employment. i think other states could follow suit. so while i would normally agree with dennis, i do think it has to be a collaboration at the state and federal level as well as the private level because also right here, dennis and cheryl, in illinois employers are offered a $5,000 tax credit if they hire on a veteran. so that's a huge incentive at the state level that does promote private hiring of veterans. cheryl: rich, i think the administration could learn something here. you have all of these companies, the 100,000 jobs mission, that's just one of them. these are private companies banding together to hire vets while we're losing federal jobs. the administration's got to be looking at this and going, oh, look, they did it again better. >> reporter: it is a terrible situation when you look at the numbers, especially among veterans, and leading off this segment put it in perfect terms, you don't have the skill set
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necessarily for a resumé, but the employers in the private sector would certainly want. it really depends on what the veteran wants, what that person wants their career to become. when you look at a lot of what veterans do in the military that does translate to a security job, but those ip tangibles that the major was talking about, very valuable in the private sector. cheryl: peter this morning has security clearances, but he's not having any luck with government with work. along with veteran unemployment, the rest of the economy continues to be sluggish. americans are not happy. the latest pew research poll showing 65% disapprove of the job the president is doing when out comes to the economy. rich, does the president need to approval ratings? because it's not looking real good for him. >> reporter: look where he's upside down on this poll, 59% on health care. you look at foreign policy, some of these other issues, if you can get the economy turned re jobs and you create that perception the
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economy's doing better, then the president's poll numbers turn around. you've been seeing for generations -- dennis: and yet there's -- >> the economy does well, the president does well. and if he can get rid of the problems with healthcare.gov and that stops being such a persistent story, his numbers will get better. depp depp but if he's waiting for the economy to turn around, he's in deep trouble because look how long it is taking for this economy to turn around. i think president obama could instabilitily give himself a good shot of new energy if he would, first of all, he's got to fix the web site, but then he's got to do a jimmy swag art-style i have sinned against you. he has to do a national address to this nation and say, i'm sorry. cheryl: adam, what do you think? >> he's right. >> that doesn't -- >> you've got to get jobs. people have to get back to work. those numbers will change. >> apologies don't pay the bills. >> well, dennis, the sentiment might be appreciated by the american people, that doesn't really put people back to work. and i think bottom line, you
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know, small businesses in this country would be more appreciative than an apology, they'd be more appreciative of business-friendly policies in this country. dennis: bam. >> rich noted the 65% disapproval rating of the economy right now. that's people nned to get back to work, that's the small businesses have to be willing to hire in this environment, and an apology's not going to cut that one. cheryl: i do these "fox & friends" segments, and it's always the bigger companies that i'm finding have got the veterans' initiatives, dennis, it's not these small companies with the health care and everything else and your point as well, i mean, that's where the issue is, small business, that's where the jobs are coming from and, and they're not. dennis: i read a wall street editorial saying, gee, no hiring still going on here, i wonder if it had anything to do with raising -- business investment plunging down to new lows and have anything to do with raising taxes on small business? cheryl: rich, that's the big issue, let's go back to that,
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the corporate tax rate, large or small. if you've got anti-business regulation in d.c. which we still have -- well, anyway. guess we're moving on. let's see if you approve of this. i am moving on. toys r us becoming the latest retail giant to announce it's going to open early, but the president of electronic company pc richards -- and adam and dennis and i know this one -- told a philadelphia paper it's one of the few secular holidays, and people shouldn't leave the family to shop. adam, do you think he's right? >> absolutely. i've gone there, bought a vacuum there. i think that the ad they took out is really terrific. and if you disagree with companies that are having people work at 5 p.m., 6 p.m. on thanksgiving, you don't have to shop there. pc richards, well done. dennis: but let's remember that their aim here is not so that more families will have thanksgiving together, its aim is to stand out with an ad against its rivals and sell more stuff. i mean, if a family wants to make a tradition out of going
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shopping on thanksgiving night, why can't it? cheryl: i think it was a good point that he made, you know, whether or not it's business driven, maybe that's the case, but he makes a good point, sandra, about the fact we've got no holidays left that are actually days off anymore. >> reporter: guess what, you know? we may not like it, i may never set foot in a store on thanksgiving day, i might think it's just awful that some people go to work or shop on that holiday, but these are private businesses, and this is, as dennis said earlier, this is when i'm going to always side on the side of private business. if they believe it's more profitable for them to open tear doors in the case of toys r us at 5 p.m. on thanksgiving day, so be it. they are entitled to do that. and this unemployment rate in this country if workers don't want to work that day, i'm sure they can find a pool of workers that are willing to do that. cheryl: she makes a good point, rich, that's the main point of the segment, basically, this is a business' choice whether they want to open or not, and i have to say macy's rich, i was there
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last year, man, it was packed. people showed up, you know? >> listen, if uncle joe wants to cut out early and go shopping, god bless. in fact, that might be a good way to get people out of your house. dennis: get rid of uncle joe. [laughter] >> if everybody wants to work on a holiday, how come i was the only person here last new year's eve? [inaudible conversations] dennis: come on, there were two, adam. >> forgive me, i apologize. me and headson, the rest of you were out of here. [laughter] dennis: luckily they got overtime, right? >> no, there is no overtime. deb ken that was my point. cheryl: guys, thank you very much. dennis: and a white knight coming in to save the post office, a win for both of them and for you this holiday season. details, coming up. cheryl: and is an iphone on your wish list? apple announcing new designs for next year. we're going to tell you if you
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cheryl: well, we're not quite up to 16,, we're at 15,779, but i want to show you some of the stocks moving now. ibm at 182.47, that's an impact of 15 points to the positive for the dow. unfortunately, most of the names in the dow 30 right now, a good chunk anyway, turning lower. that's actually a loss of almost six points for the dow anyway, that's the impact, if you will. boeing coming up in the west coast minute. of tomb to bring -- it's time to bring in nicole petallides from
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the floor of the new york stock exchange. you're looking at the farah pa sec -- pharma sector. >> let's start off here with shire, both of those names, by the way, hitting new highs, viral pharma up half a percent, novartis as well. but shire picking an acquisition of viropharma, and it's $50 a share, so that's the first part of the deals of the day here in this group. and then we're also watching novartis, actually going to -- selling its blood transfusion diagnosticsing unit over to a company in spain for nearly $3.7 billion in -- 1.7 billion in cash. we'ving up on other units ford to really focus on what they're doing, bulk up on pharmaceuticals and eye care as well as generics. drug index has an up arrow as
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well. cheryl: nicole, thank you. deb ten the u.s. postal service making a deal to deliver amazon.com's packages on sundays. the cash-strapped usps, which has had almost $12 billion in losses this year, hoping the move will help it reverse course after years of struggle due in major part to the internet. rising use of e-mail and online bill pay hurting mail volumes. and sunday delivery also could give the online giant an edge over rivals like walmmrt, toe shouldn't the post office be offering for all of these big shippers? cheryl: that's a good point. maybe they're all going to come in and start competing. good thing for the post office. one of the strongest storms in philippines killing an estimated 10,000 people. the latest on the u.s. relief efforts and where you can actually donate. dennis: and here's how the world's currencies are faring against the u.s. dollar. ♪ ♪
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>> welcome back to fox business. at 31 past the hour, i'm lauren between with your fox news minute. secretary of state john kerry says iran us was unable to
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accept terms for its program without seeking additional approval from tehran, however, kerry said iran will allow expanded u.n. monitoring of the nuclear sites. iran says its program is for peaceful purposes. security officials say one of the four attackers or who was part of the siege of a shopping mall in september once live inside a refugee camp of 50,000 somalis in northwestern kenya. the development highlights kenya's interest in the speed-up half a million somalis to their home. justin tucker's 46-yard field goal in overtime overcoming the dolphins' hail mary td pass that sent the game to overtime. with the win, the ravens ended a three-game losing streak and pulls them into a second place tie in the division. and that's your fox news minute. dennis: thank you. and now to the latest on the devastation in the philippines. the death toll is feared to be
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over 10,000 after a deadly typhoon hit the region a few days ago. one of the strongest storms ever recorded, and fox news' claudia cowan has the latest. claudia? >> reporter: well, dennis, there are more than 640,000 filipinos who live here in the bay area of california, this is a tight-knit community and one that is really stepping up in the wake of this incredible devastation. just minutes ago one man came here to drop off three cases of water at the filipino community center in san francisco. he says he wishes he could do more, given the devastation he's seen on the news. >> it's pretty hard to see that. i know the death toll is about to go up, and just seeing the pictures pretty devastating, and i can't imagine what people are going through right now. >> reporter: others are also giving food, medical supplies and much-needed cash donations. operation blessing, a charity group out of virginia beach, is
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sending over disaster relief teams and state of the art chlorine generators to help disinfect 60,000 gallons of water a day. churches are also collecting donations. even without natural disasters fill' knows routinely provide shipments of necessities to their extended families in the philippines. there were similar relief efforts after last month's massive everett quake, and now the -- earthquake, and now the need is even greater. deb key members of the community across the country, they still don't know the fate of their loved ones, do they? >> reporter: yeah, very, very frustrating. in fact, here in san francisco one local church leader who was visiting manila still has not been heard from, and his congregation -- which includes 50 filipinos -- have been desperately trying to make sure he's okay. they've been sending him e-mails, using social media. they are still awaiting word. but others are relying on red cross volunteers who are
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actually on the ground in the philippines to track down and locate their friends and relatives. that effort and the collection of more donations will resume later this morning here at the filipino community center here in san francisco and in similar centers across the country. dennis: thanks very much, claudia cowan. cheryl: well, from gold -- there that to gold. gold continues to fall, down over 25% from this time last year. former mint director ed moy is here to tell us why the metal is poised for a big comeback. dennis: and as we go to break, here are a couple ways you can help with the relief effort in the philippines. ♪ ♪ [ male announcer ] once, tre was a man
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dennis: gold losing its luster, but ed y coming up to tell us why now's a good time to buy. and airports in europe doing away with their ban on liquids. how long before we see it here this and china taking umbrage after a bit on jimmy kimmel. stocks now, nicole petallides on the floor of the new york stock exchange. stocks are taking time to catch their breath here. >> reporter: and we're still seeing the up arrows despite the fact we've seen five weeks of gains on the dow and the s&p, and right now clocking in new gains. we want to take a lack at some movers, and on the list is ibm which is the best performer today on the dow, up over 1% today. we're keepinn a close eye on twitter as well. you may remember on the first day of the ipo, it crossed $50
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briefly. today it's the low of the day for twitter, $39.40. keeping an eye also on priceline, new high for priceline, crossing the 1100 mark easily at 3109 -- 1109.50. and you're getting some upgrades here for best buy, jumping onboard for many of those retailers who are going to open on thanksgiving. they are also, best buy, going to join in and do exactly that, 6 p.m. they'll be opening on thanksgiving day. so that's what we're looking at for some movers here today. back to you. cheryl: it is time now for the fox business stock radar, and joining me, matt mccormack, it's good to have you here. >> thanks, cheryl. cheryl: so you've actually got three stocks, and you own all of them. let's start with qualcomm. this is your best bet right now.
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>> i just love qualcomm, and i just want to talk about it, because when you look at a story going into asia, they make the chip that allows the smartphones to work. so the logic is in the u.s. we all use our smartphones, in asia today eventually will. they get their annuity play, they get to use it, they just increased tear dividend -- their dividend 40% in march. cheryl: this one is up about 9 president, that's actually trailing the s&p 500. explain. >> it came out, it had a little bit of weakness on revenue guide, i think that's a buying opportunity. but long term i think if you believe smartphones are going to go worldwide, qualcomm's a play. cheryl: apple is actually struggling today a little wit, the stock -- a little bit, but this is still a pick for you. >> sure. i like apple because of the new products, someone i know just got a new gold phone and really likes it. [laughter] cheryl: who would that be? >> i think, also, people forget it's an infrastructure play.
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when you're in the apple ecosystem, you're involved with the apps, you're not going to go away. samsung and others don't have that. cheryl: apple, we should say, is down over the last year. i do the one-year chart because i know you're a long-term play guy, so i don't want to kill you on the one month, but the one year, i mean, they are down. >> well, for some of our clients we made an official buy in july after their second dividend increase, and that was our predominant entry point, and i think that shows strong future strength. cheryl: all right, microsoft, it's not just about the company, there's all this talk about alan mulally taking over, they've struggled though. >> they have. i think the catalyst is you saw a dividend increase of 22%. the new ceo gives a chance for microsoft to rewith regard themselves ask come back -- rebrand themselves and come back. the new ceo, the ford ceo as a not denied it, which means i think -- cheryl: that's like a journalism trick. unless you get the denial, you go, wait a minute.
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>> it's a cash machine, very low debt, they can increase the dividend safely. cheryl: stock is up about 31% over the last year. if we compare two of these guys, if you look at apple versus microsoft, here's your story, apple in the blue, microsoft in the yellow. >> right. i think -- i like both stocks, but i'm really a big fan of technology as a whole because et has very little debt, the ability to really increase their dividends. i predict that the technology sector will have the biggest dividend growth of any other sectors going forward. cheryl: but you also say that, basically, that the markets already feel like 1999 to you >> some of them. right. cheryl: that's not good for those of us who were trading -- >> netflix is 193 times trailing or facebook at 115, you know, you look at twitter doesn't even have any earnings, so people are going into a very narrow niche of stocks. you have to be careful. i would look at real companies with real dividends. you cannot fake that.
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cheryl: we were all talking in the green room, and dennis was saying if you spend $1,000 on amazon, you make $240,000. if somebody's looking at twitter right now, obviously, that's something -- >> well, as i told dennis, my hindsight portfolio's always up. [laughter] i think you need to look at amazon is trading at 1251 times trailing. it may be a great stock, but it's unbelievably expensive. cheryl: i have a minute, i want to show you all the different sectors we follow right now. banks. you jumped out a long time ago. >> in august of '07 we were concerned about the subprime, our clients obviously benefited. i'm not a big fan of the money center banks because they were weak on earnings, the re-fi trade is done. cheryl, they are firing loan originators, not hiring them. i think tear going to have weak earnings, i like the regional banks instead. cheryl: here are your bigger
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financial names, and you not even interested. >> mastercard and visa are interesting, but the money-centered banks are in the government crosshairs, they've had a great trade since december -- i'm sorry, january 2012, take some chips off the table -- cheryl: matt mccormack, great to have you in studio and not on some random camera. [laughter] >> take care. cheryl: dennis, over to you. dennis: in your monday media minute, four roars and mar rell is marvelous. thor: the dark world, hammering out $86 million at the u.s. box office opening weekend and $180 million worldwide, the sequel now nearing $330 million in just two weekends. and disney fought marvel in 2010 but only recently gained all rights from paramount. that means disney pockets all rights. and kids say the darnedest
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things, criticizing disney's abc and jimmy kimmel when he asked a 6-year-old what the u.s. should do about the $1.3 trillion it goes to china. kid's answer: kill everyone in china. world's second largest economy might want to learn to take a joke. and lastly, there's this -- the editor-in-chief of guns and ammo magazine resigning and issuing an apology for running a column advocating gun regulation. the author of that column also is out. there's the first amendment, and there's also knowing your audience. cheryl: i'm trying to get over the fact there's actually something called guns and ammo magazine. dennis: quite beloved title. cheryl: coming up next, we're going to have a former u.s. mint director, and why janet yellen's confirmation hearing could be big news for gold. dennis: plus, things are not so golden for governor jerry brown, why he may want to call it quits after this term, but first, take
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a look at winners on the s&p. ♪ ♪
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♪ ♪ >> i'm tracy byrnes with your fox business brief. office depot's $1.2 billion
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acquisition of officemax is complete, where the combined company's headquarters will be. illinois comes through witt tax relief, office depot may move from its current location in florida to the former officemax location in naperville, illinois. chicago's credit rating has been lowered three steps, the rating agency warned about chicago's growing unfunded pension liability. and kkr is acquiring the brickman group, the largest u.s. commercial landscaping company. now, brickman provides landscape maintenance and snow removal to more than 10,000 clients across 29 states. that's the latest from the fox business network giving you the power to prosper. ♪ ♪ ♪
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♪ no two people have the same financial goals. pnc works with you to understand yours and help plan for your retirement. visit a branch or call now for your personal retirement review. cheryl: after a relatively quiet hurrice season this fall, maker of engines for snowblowers and
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generators briggs and stratton is hoping for a big snowfall this winter. jeff flock is visiting in wisconsin, he has an exclusive interview with the company's ceo. jeff, take it away. >> reporter: courtesy of the fox business network, we have snow in wisconsin which they love here at briggs and stratton. i just poked my head outside the door, todd's inside where it's a little drier and warmer. the ceo of briggs and stratton. walk me through this. obviously, good news for you when you start to see the snow. it's a tough segment, that snowblower industry. >> well, yeah. the foe blowers can range friday from half a million to a million units a year fending on the snow -- depending on the snow. whatwhat is it, november 11th t? >> reporter: i want to talk to you about your other hat, and that is as head of the outdoor power equipment institute. you know, these pieces of equipment that you make, everything, you are the largest
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maker of gas, small gas engines in the world; snowblowers -- >> pressure washers, tillers, things like that, absolutely. >> reporter: and these take gas. for years, they just took gas. you go down to the gas station and you, essentially, fill them up with whatever is there. now with ethanol, you can't do that. >> yeah, ethanol's a really big problem for small engine, even in small quantities. with the renewable fuel standard, the epa just approved e-15, that's a really big problem for these sorts of engines. >> reporter: i want to let people know, because a lot of people don't know about this how much ethanol is coming into our system. you're not a big fan. >> well, i want to make sure people who buy the equipment get the value that they paid for. so ultimately, if you put anything more than e-10 in your small engine, the engine will fail over a period of time. >> reporter: what i'm looking at are two of your top of the line snow throwers, that's a snapper model, that's a simplicity -- what have you got,
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warm -- >> hand warmers and power boost and electric chutes. it's really a lott of fun to use that unit. >> reporter: i want to take a look at your stock also because some analysts have suggested you are poised for some real growth there. obviously, with the standby generators, that's a big one. where do you see the big growth coming up for you and. >> >> well, there's a couple of big areas, about three. one is the recovery. basically, that's good for our consumer business. commercial turf, we have a commercial cutting equipment which is really great margins, really, really good equipment. we've seen solid growth there, double-digit growth. and then, obviously, in the standbys double-digit growth as well. >> reporter: a lot of great in your competitors in terms of standby generators. there's a market out there. you didn't have hurricanes, but despite that, people want that kind of security. >> well, the power grid isn't what it needs to be, and the country doesn't have enough money to invest in the grid, and so there still are power outages across the country.
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>> reporter: look before you pump is the, is the watch word there. don't just stick anything in your engine. ethanol may be good for the farmers but not so hot for your snowblower. cheryl: that's a good one. that is a good one, jeff. i like that one. put that in the mail. jeff flock live out in wisconsin where it's snowing. dennis: heavy metal, baby with. let's talk another heavy metal, gold sitting at a three week low after last week's jobs report and data showing more jobs added than expected. our next guest says now is the time to buy. ed moy is the chief strategist for morgan gold. thanks for being with us, ed. one thing in the notes here, you say if the market normalizes, gold prices may normalize to correlate with the federal debt again. so they're going to do, what, go up or down? >> so that's economic speak for saying that gold prices and the amount of debt will work
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lockstep with each other. so when the debt is at 16 trillion, gold should be about $1600. and it's followed that for the last 30 years. dennis: and then what happened? we hit a high of gold, $1900 august 2011. our federal debt's been going up, but gold is now down at 1282. >> gold end up to 900 when it should have been 1600, and now it's corrected to 1300, so it's well under what the amount is. so eventually when the fed pulls out of quantitative easing, the gold market will normalize back to historical trends, and gold should start going up again. dennis: i'm sorry for the simple question, but why is it that if the fed starts cutting back on promiscuous monetary policy, gold goes up in price? i thought it's because we fear inflation and that's the result of more promiscuous monetary policy? why will less loose money make gold go up? >> well, that's not the only
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issue affecting the market right now, it's the mediocre economy. the modest and fragile recovery is not soaking up enough of that excess liquidity. if that continues to be the case, that money's going to cause the fed a lot of inflation -- dennis: and that's when i want to have gold, as a store against inflation. >> that's right. it should be an insurance policy. dennis: do i need for there to be some kind of financial panic, some kind of outbreak of inflation expectations for gold to actually go up? to be at 1700 given $17 trillion in debt? >> gold should always be part of your diverse portfolio, and the way i look at it is i keep a percentage of an insurance policy over inflation. but in times of economic uncertainty like over the last four years, it also becomes a safe haven for economic catastrophe. dennis: yeah. so you're either betting the economy does well enough to finally let inflation break out and i need to own gold, or
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you're betting on armageddon, in which case i need to own gold. now, as to what kind of gold you own, a lot of people like this gld etf. i can't use it to turn in and get physical gold. you guys sell physical gold, and yet if i buy it from you, where am i going to store it? >> well, most individual investors store it in safe places in their homes so they have access to it or a safety deposit box with. for those who buy a lot of it, they find depositories that will keep it pretty safe. the mints had the best in the world which is fort knox which i can guarantee you is really safe. dennis: but then i can't get to it if there's some kind of nuclear briefcase attack. i clearly need it under my bed. >> that's the big advantage of buying physical gold is that it's very portable, whereas if you bought a electronic proxy, you've got a piece of paper that you can't even trade in for gold. so as a result, people like this versus the paper that you're
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holding down there. dennis: right. this is 100% gold. dennis: i bite this baby, it's going to have -- >> that's right. that's a one ounce gold coin. >> 1300. thanks for being with us. nicely argued, sir. and oil and brent crude in the green as talks over iran's nuclear program stall. to the trading pits of the cme and phil flynn. >> reporter: hey, this has been the big news, obviously, the brent crude was soaring yesterday when those talks that everybody thought was a done deal wasn't quite a done deal. we saw the brent crude really rocket, we saw the disappointment after, but right now there's still politicking going on. we pulled off the highs in the brent crude. we pulled off the highs on the wti as well as reports that iran, after the talks failed, signed a deal with the u.n. atomic energy inspectors to allow inspectors into the country. even though these one talks failed, traders are given hope that this move by iran is going
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to keep the talks going. the still a lot of skepticism in the market, but that oil that we thought we'd be buying from iran today isn't going to be happening. dennis: just a quick follow-up question, teach me something here. i always assumed anytime we see oil to prices down given how much oil we order from the rest of the world, that's a good thing for the u.s. economy. but now that our oil production is hitting all-time record highs, am i wrong? are falling oil prices now bad for the u.s. economy? >> reporter: no. no, i don't think so. i think what's happening here is that the market's concerned about other iisues like obamacare and stuff like this. but the low oil prices right now i don't think are necessarily bad. our economic growth -- and i see what you're saying, you're saying if the global economy slows down, oil prices are bad, that's a bad thing, but i think right thousand if you look at the demand -- right now if you look at the demand, if demand's strong, that's good. dennis: thanks very much, phil flynn. >> reporter: thank you. cheryl: time for your west coast
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minute. lawmakers in washington state passed legislation over the weekend that will extend nearly $9 billion in tax breaks for boeing through the year 2040. the move is designed to keep jobs in the seattle area. lawmakers have acknowledged a dispute between boeing and the @achinists' union, one of those could undermine those efforts. take a look at the stock, down 9 3 cents. another california town may go into bankruptcy. desert hot springs, population 26,000, may run out of cash by march of next year, and the city's director of finance is asking the city council to approve a chapter 9 filing. desert hot springs would be the first city to file since detroit's massive filing that happened earlier this year. finally, california governor jerry brown isn't exactly trending well in his own state. according to a new usc/l.a. times poll, only 32% of respondents said they would vote for him for a second term. respondents also refused to give brown credit for his latest
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achievement, erasing the state's deficit. it'd be his fourth term if he ran and won again. and that is your west coast minute. dennis: glutton for punishment. and how dry i am. if the u.s. follows europe, restrictions may be eased on bringing liquids onboard your flight. details coming up. cheryl: as we go to break, we're going to take a look at some of the winners on the the nasdaq. we've got winners like tesla -- charles payne, where are you? -- sears, priceline, we'll be right back. ♪ ♪ what's an idea without thcapita? without the thinking that makes it real? what's a vision without the expertise to execute it...
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and the financing toake it grow? whatever your goal, it can change more than your business. it can change the future. th's why, at barclays, our ambition is to always realize yours. and this pk is the inside of your body. see, the special psyllium fiber in metamucil actually gels. and that gelling hes to lower some cholesterol. metacil. 3 amazing benefits in 1 super fiber.
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cheryl: another headline for frequent f, first your cell phone and now liquids. london's heathrow airport is developing a plan to allow some liquids, yells and aerosols onto planes. in the, tsa officials are looking into similar options but travelers shouldn't expect to car i -- carry your favorite bottle of soda on anytime soon. here's the statement: cheryl: the tsa, of course, putting that statement out there. dennis: i remember where this liquid ban came from, maybe five, seven years ago, there was a plot uncovered in london by a bunch of guys, hey, we're going to take on some liquid, and we never even found out whether they could do it -- cheryl: i just want to wear my shoes through the security checkpoint. dennis: and when i'm sorry just doesn't cut it. brad blakeman, former senior
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adviser to president george w. bush, joins adam and lori on the new problems with the obamacare rollout and who he says is getting it right. cheryl: and look out, technology giants, there is a new e-mail service in town. the communications platform that promises uncrackable messaging that google, yahoo!, apple and microsoft cannot promise. the founder and ceo with how it can help you avoid the nsa snooping. that's in the next hour. ♪ ♪ welcome back. how is everything?
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lori: happy veterans day, i'm lori ro. adam: and i'm ad ap shapiro. chris christie sevens up a dose of reality, can the health care
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web site really be with fixed by the end of this month? former seeior adviser to president bush brad blakeman on what needs to be done. lori: and primed for delivery, amazon cuts a deal with the u.s. postal service for sunday delivery, its latest effort to chip away at brick and more far stores' -- mortar stores' advantage, immediacy. adam: free from nsa-style snooping. lori: and money falling from the sky. in the form of an asteroid? yes. we will introduce you to the man behind the plan to mine asteroids for astronomical profits. planetary resources co-founder and co-chairman eric anderson on his company's efforts and big money backers like google's eric schmidt and sir richard branson. of so let's get things started with a check of the markets, let's head to the floor of the new york stock exchange and nicole petallides. are investors taking a

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