home to the giants and jets, home to the next super bowl. if you look at these new reports indicating you cannot even fill this stadium up with the number of people signed up so far for the government health care exchanges. that is what we will talk about today. apple's iphone and ipad. sampson responsible for the chips in these devices, now apple wants to do something about that. how is this for a merger? united states and canada getting together. an argument it needs to be done for both to survive, and we will hear that this hour. today is the date, 11-12-13. couples to have those numbers as a marriage date means a rush of money flowing into these vendors. this hour on "markets now." ♪ all right. dagen: nice illustration. connell: 11-12-13. dagen: nice illustration. connell: metlife stadium? dagen: how many people does that

stadium hold? connell: 80? dagen: i'm going to google it during the commercial break. connell: good one, dagen. we will look that up. dagen: the dow pulling back from the all-time high hit yesterday. nicole petallides with a look at what is dragging on these markets. nicole: pretty exciting when you see another high, again, yesterday closing high for the dowwjones industrial after five straight weeks of gains. when you see your 401(k) rate higher, you like that. a little bit of a pullback. fed tapir talk once again. a lot of anticipation for janet yellen's hearing on thursday. that will be interesting. the s&p 500 down two tenths of 1%. that being said, lots of movers. dean foods on the move, we are watching that one to the downside. they lowered their full-year earnings forecast despite dividend and buyback as well,

but you can see the stock is down dramatically down 6.9% right now. dagen: thank you, nicole. connell: 82,000 is capacity at metlife stadium as a use that illustration to talk about obamacare and this fiasco. the numbers that are out show you can only 40,000-50,000 people have actually enrolled as of last week. well below the administration target, which was 500,000 people. dagen: half a million people. steve forbes here to make sense of all of this. chairman of forbes media. ready to weigh in. do these numbers surprise you, steve, at all? >> no. even those numbers are slightly exaggerated. the reports that it is the equivalent if you put your policy in effect in the card but you haven't bought it, they're counting it as a sale and the private sector cannot do that. so even those numbers are exaggerated and that is why the administration is going to have

a big push to expand medicare as a way of getting around the exchange snafu. connell: no way they're getting toward the 7 million this spring. >> they're going to have to do something. the way they're going to do it is medicare. those that have not signed up for expanding medicare are being inhumane by not doing it, so they will try to turn a political advantage for disaster. dagen: you mean medicaid. medicaid expansion. a lot of this is people buying insurance, steve. to what extent do you believe the irs will go out there and police people who are not buying it? if they are not going to buy it for whatever reason, screw ups in the health care site, you've got cops at the federal level who will have to hunt these people down. speak out given the pressure from insurance companies, give us subsidies now, if it is a short you have to promise to make good for it, let's go

around these exchanges, all of this gas to the fact there will be sort of an amnesty. this thing has been so messed up, if you haven't signed up by a certain date, they will just say the government messed up, we will give you a year or two to make up for it. connell: if this isn't bad enough, what you make of the comments coming in from bill clinton in the last hour or so saying the president commentary feel like your healh insurance you can keep it, he has to keep those promises or find a way to do so. i'm sure the white house doesn't find that helpful, but does it affect the conversation? >> it does. he recognized sooner than most if his wife hillary clinton ru runs, she will be badly damaged by the disaster in obamacare because didn't she propose hillarycare? she will get huge fallout from this. the democratic side running next year saying let you keep the

policy. it is becoming a sham now though in a sense an insurance company drop you, they will not bring these things back. that is what they are looking for. dagen: it is happening because of the way the law was written. rewrite the law and go back to those insurance companies, that is literally impossible at this point. spiegel in the real world you cannot go back and say we're going to rewrite the law, therefore put people back on, although they may try to say they can do that, no, they are looking for political cover. what they should do is say let's start all over again. connell: a number of people have suggested that. they have said scrap it, start over. no. speaker if they were smart, they would do that, bring a handful of people who know what they are doing and get this thing going before the 2016 elections. but that is not the way the president sees it. he doesn't realize how fully collocated this thing is. if he says make it happen, it should happen.

dagen: you said this last time you were on, you beeieve ultimately the private sector in a movement outside of government will affect our health care system in terms of competition and choice. >> there will be movements. you will see private exchanges like walgreens is doing, insurance coopetitors will go on and offer something you can understand and get choice, get real competition. get legislation on that line after the 2014 elections shopping for health insurance. connell: as always, thank you very much. dagen: apple may start getting iphone and ipad chips from the empire state according to reports new york-based chipmaker will begin building chips. >> the union is reporting global foundry is national chipmaker with a location in upstate new york will be working with samsung to make chips for

iphones and ipads. the production center in new york and produced a chip essentially the nerve center of smart phones and tablets. samsung, which already makes microprocessors for apple, will work with global foundries to get the chipmaking started. according to analysis in all things d, thomas become the primary location for the chip production. samsung will continue to be the main manufacturer while global foundries would be a subcontractor hired by samsung to fulfill large orders perhaps around launches, flex capacity. global foundries is the second largest foundry in the world. samsung comes in at number three. global foundries has not commented to us yet, so far, neither has apple but we will keep you posted on that front. dagen and connell be at connell: jo ling kent, thank you very much.

the global economy in recovery mode if you look at these projections out today. 2014 will see more global growth that we have seen this year. the projections released by the conference board this morning. 3.1% global growth, 2.8% this year. the chief global economist at principal global investors i can have a perfect candidate to talk about this projection. a two-part question. do you agree with this how you see the world, number two, if so, what is leading it? what are you most optimistic about? >> good morning, connell. want to be with you. we agree with that. the economy will mildly accelerate next year. if you look at the u.s., we will see 2.5, three, maybe a little bit above three. sometime next year. europe is coming out of a recession, china has stabilized. i doubt if they will accelerate any, but stabilizing in this range helping other emerging

markets. we have japan actually in the second quarter it was the fastest growing developed country in the world. it's growth at least seems sustainable for a few quarters, so all in all it is surprise on the upside next year. connell: let's focus on the united states. we get wrapped up on how much the government is holding us back, nothing can get done, but you hear about corporate america and things tend to be doing pretty well. the private economy, can the government slow us down? is there a point you get worried as we were talking about during the fiasco and the mess in washington the government might slow down the private growth? >> private sector really is doing well. grilling above 3% now. a drag from the government really a lot of positives,

pent-up consumer demand not only for autos, houses, leisure activities, eating out, those kind of things. business capital spending will increase once they see that pent-up demand. in addition with emerging markets much less than it was, we see manufacturing coming back to the u.s. lastly it is hard to overestimate the shale oil boom as the growth booster in the u.s. connell: for those who have been watching the screen, two interesting stories that have broken, as the hour progresses, more information from the call next time we go to the new york stock exchange with new spending and what have you. the other story on the freedom tower being named officially as the tallest building in the united states. there was debate about that in the needle sticking up on the top of the building that were counted, it is taller than the

willis tower in chicago. manufacturing coming back, four years the story of the manufacturing going away. if that is the trend, some written about it, that is very important. >> it is. something very fundamental from the global economy. emerging markets driven in part by the industrialization in china have really had tremendously fast growth outsized equity performance. that boom is maturing. what's happened is wages have grown very, very fast emerging markets that is doing two things. reducing the competitiveness of china and other emerging markets for exporti goods for sale in the united states, but the second time giving those countries the wherewithal to buy

the things the u.s. has for sale. financial services, medical services, architectural, entertainment, legal services, counting, all those type of things are what the u.s. has for sale and we think that is part of the future, the grand rebalancing between emerging and developed countries. connell: thank you. thank you for all the time today. dagen: the freedom tower is the world's largest building. connell: apparently. it is a beautiful structure, downtown, rebuilding that area, but the debate was interesting because it was about the needle coming out of the top of the building. there is a group that tracks these kind of things. 1776. the number of feet if you count the needle. the cold coming into many parts of the country. home heating prices on the rise.

dagen: gas prices are likely falling. and companies using google glass could save a billion dollars within three to five years. all right. connell: the dolphins losing their first game since the bullying scandal. the buccaneers one, the dolphins did not. we will talk football and other stuff coming up. a lot going on today. ♪ [ bell ringing, applause ] five tech stocks with me than a 10%... ange in after-market trang. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breakg into 52-week highs. six upcoming earnings plays...

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♪ because during the holidays, keeping your identity protected means keeping your family protected. connell: breaking news as we go back to nicole petallides at the new york stock exchange. u.s. airline shares halted. what is the deal? nicole: according to sources there has been a settlement for the antitrust lawsuit for u.s. air and also american airlines moving forward with their merger. there has been a lot of backlash and other airlines and the government has not wanted this merger to go through. the other airlines like virgin and others concerned of takeoffs. talking about little things. in the meantime this is the battle of u.s. airways and american against the government. creating the largest airlines, concerns about competitiveness

and monopoly mentality. these two companies have gotten the backing of the association, flight attendant transportation workers, they garnered a lot of support for the move forward. all up arrows, united continental, jetblue, every single airline is hitting a 52-week high. one that we cannot show you, little smaller, up 26.8% on this news moving forward. big news in the airline sector, and you can see the crowd behind me, there is a big crowd not ready to open it yet, indications have not gone out, still halted at the moment. dagen: google glass will be back for business. like conferencing, hands-free, and could save companies a billion dollars each by 2017. these classes could be

particularly useful for out of office jobs like technical repair as it allows workers to fix problems on-site. according to market research firm gartner. you can sing while you work, google glass will have a music feature streaming service called google play. should be available to the public at large next year. a pair could cost between 300 300-500. there is the ticket that woman got for using google glasses. connell: while driving. i would not recommend it then. but i could see that for work for some people depending on what job you are in. dagen: you just never know. connell: you would be running into the wall with them on. dagen: i do that without them. connell: you probably know now the buccaneers beat the dolphins. maybe tampa bay used it to their advantage..% their first win of the season. 22-19.

so this was the dolphins first game since the bullying scandal. surrounding their team. both the players involved, the left side of their offense in line missing. richie incognito and jonathan martin. that would hurt the team from a competitive standpoint, and they lost the game to tampa bay. dagen: there is still a lot that has not been told about that story. parts of the northeast seeing their first snow of the season. this is below normal temperatures have heating oil and natural gas prices on the rise. connell: it is all about the numbers for thousands getting hitched today. the big date, but is it really about that date, 11-12-13? it would be easy for the husband to remember. dagen: they will still forget. connell: more numbers. currency 134.46. we will talk about that.

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>> 23 minutes past the hour, i am lauren green with your fox news minute. report by south korean newspaper saying as many as 80 people were publicly executed in north korea earlier this month. they are the first known executions by the kim jong-un regime. as minor as south korean movies or possessing a bible and took place in seven cities. rescue teams are still having trouble getting to the hardest hit areas of the philippines. the death tolls have officially topped 1700. many people are still unaccounted for. some reports indicated there can be as many as 10,000 people dead. nascar driver who two years ago became the youngest person to win the daytona 500 has announced he has multiple sclerosis. says he does not expect it to impact his racing career, competing this weekend in florida. his younger sister also has ms.

those are your news headlines on the fox business network. i am lauren green. back to dagen and connell. dagen: i was at daytona when he won that year. young guy. very deep in his face. connell: very nice. natural gas prices, dagen mentioned a few moments ago, has been on the price. colder than normal temperatures in the midwest and here where we are in the northeast it is cold. dagen: in chicago, sandra mitchell has today's trade. sandra: you are getting it. below normal temperatures are expected to last. right now the climate prediction center says below normal temperatures are going to be sticking around for at least november 17 and on the east coast through november 19. what does that mean? we will all be heating our homes and heating demand will be going up which is why natural gas prices at the cme over the past

three months natural gas prices up 14%, one of the best performing commodities down here. while we may be paying a little bit less for the gasoline, all that money may be going to heating our homes now. this is the longest winning streak we have seen in that commodity in over a year. if you are wondering if you are paying more for natural gas, most of the east coast uses natural gas. 49% of the united states uses natural gas. you are paying 9% more today than you were paying at the beginning of the year, january 1, 2013. that is a big chunk of change, guys. according to most of the forecast for the weather and for the commodities, those prices are likely to continue higher. those who use heating oil, little different story, heating oil down today. down over the past three months but they have started to turn

higher as a colder temperatures stick around. looks like everybody will be sort of paying a little bit more for the heating bill this winter. dagen: thank you, sandra. connell: this would be a merger of a century. united states and canada merging, getting together. why the next guest says it should happen. coming up. dagen: moving on. winners today on the s&p. ♪

enough for president obama now he is getting criticism from an unlikely corner. connell: we talked with steve forbes about this earlier, doing an interview this morning, had this to say in the interview about obamacare. >> i personally believe the president should honor his commitment to federal government. see what they got. the tech bubble from downtown, rich edson gets us from the nation's capital with some thoughts on the timing of this for president obama. >> bad timing when you consider all the administration has gone cruise saying the president may promise there were caveat see even though the didn't mention them when he was on the planet

collier's ago, finally apologizing and what president bill clinton is saying is the federal government did in fact make that promise that you could keep your health insurance issued be equal to do it. the problem is the insurers are saying it is not easy to fix that. there is a bill on a house floor that would allow that to happen but what the obama administration is saying is right now the system is in place and health insurers have been preparing to throw out those plans allowing those plans to be distributed or written and messes up the entire system so there's a real problem especially with the former president insert in his opinion on this matter. it muddies tte water for the administration. connell: timing is everything. bill clinton. rich edson on capitol hill. we talk about whether the united states should merge with kenna. first three stocks moving on upgrades and downgrades from the analysts and nicole petallides is back with us.

nicole: how we are losing these analyst calls and those can be market-moving events, looking at sea world entertainment some positive comments from citigroup, a buy rating, that stock up 2.7%. cisco systems higher despite a downgrade, reporting write-down quarterly loss, and out below analyst estimates and sector performer reading downgraded 14%. connell: thanks. dagen: our next guest says it is time for canada to merge with the united states. that is right. >> canada is like a lost apartment at really great party. we have 13 men along the field, you might enjoy. money also called the loony. how can you take an economic crisis? connell: national post editor at

large on the author of merger of the century and also she doesn't care what happens because he has dual citizenship in the united states. this, let me said it this way, it is one of the things we'd tease all our and people say really? are you serious or trying to start a conversation? what is the gold? dagen: starting a conversation in both countries. we love to be made fun of. we don't usually get attention as the nation but being business writer and being a -- i have been thinking for a long time why do we have a border? europeans don't have a border. i understand we can't have a border with mexico and the u.s. yet, maybe some day but it makes no sense for the u.s. and canada to have a border. we could have a common currency, like the e.u. and everyone can keep their health care system or whatever they want. i even think it is a good idea, this is radical, to do what

germany did and just merge and do it becauseethe geopolitics are changing in the world. can get is a small economy, a huge piece of real-estate full of reserves. we can't defend or develop so we need the american financial and military partner is going forward and talk at targeted canada as resources and declared the arctic as russian. i don't know what to do. the canada is our number one importer of oil into the country but if you look at the national identity of canada and the united states very different but you dig into health-care situation in both nations, taxes, many differences, too many roadblocks coming together. >> the europeans got over that problem, they have a template and raised the border for economic purposes but have different languages and government and healthcare systems and taxation rates.

no reason two of us couldn't do this. the benefit would be asked canada gets developed, hopefully its northern area, it will be a million workers. we don't even have a good fast track emigration process between these partner is. connell: the u.k. about -- held out of the marriage of the european union. and the united states want to do the same thing? trying to match up the debt for example with the united states, how would that work? to do deal with canada essentials? >> millions of jobs, national security, guarded from sea to sea, you have this enormous base of resource endowment nobody else has and it is sitting there empty. business opportunities, jobs, economic development. and in nicer climate, 3

canadians in the u.s. and like and travel bear all the time. there would be a lot of flexibility for the populations of both countries. connell: really good hockey teams. dagen: have long as you take it forward. dagen: into bermuda. diane, thank you so much. this is not just some idea. she has outlined these ideas, digs into it. dagen: automakers raising the red flag over any free trade agreement with japan. connell: we are not making them part of the merger either. almost all of us know someone on a gluten free diet. hear more about or someone suffering food allergies. you will hear about but that. it is all expected to make this a $6.2 billion food market by 2018.

jeff flock has the story today. it is a good story. dagen: many couples held out to get married today, 11, 12, 13, one of the sequential data sheets left in the century. how many couples are getting married today? we will find out coming up. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. gd news. i got a new title. and a raise? management couldn't make that happ. [ male announcer ] introducing fedex one rate. simple, flat rate shipping with the reliability of fedex.

>> your fox business brief, customers doing more online banking, keeping branch offices open. 32% use mobile banking once a month, 80% say they will visit as much as 5 times a year from now. down to a five below the percentage of mortgage holders two months behind fell in the third quarter to zero.9% down 23% from last year. small-business sentiment fell to a 7 month low last month. and business optimism index dropped 99.6 in october down from september at 93.9. business owners worried the shutdown would weigh on fail. that is the latest on the fox business network giving you the power to prosper. bny mellon combines investment management & investment servicing,

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connell: we will talk about the auto industry, japan and the u.s. confirming cooperation toward concluding u.s. free-trade negotiations and doing so by the end of this year, good chance to talk about the overall industry. dagen: our next guest has of beef with these negotiations and says japan is not playing fair when it comes to u.s. automakers. the former governor of new jersey, president of the american automotive policy council recommending gm ford and chrysler. what is your beef? >> japan has a history of keeping their market closed countries find it, import penetration rate, japan at six, the most closed automotive market. and it is close, we won is manipulation of currency, we

believe happened today, it has fallen 30% since last year. on a typical average car. the t p p has tremendous promise and will negotiated pacific partnership can create lots of economic opportunity in the pacific region. we think that includes strong, enforceable currency disciplines so the markets rather than government interventions that the currency exchange rate. >> we can weaken our currency to the federal reserve. and point the thing detonation when it is doing the same thing. connell: every time we accused them of that. >> the foreign-exchange markets. they have accumulated those

reserves, the account surplus. and holding value of the currency. and the purposes of the ppp in a way that doesn't infringe of sovereign monetary policy. connell: there's a good chance for the overall industry what is the effect of all of this? looks like our companies meaning u.s. companies do extremely well. >> no question chrysler and general motors have compelling product going restructuring, to be extremely successful in the global marketplace, thousands of jobs in the united states, we have a resurgent american automotive sector at the manufacturing sector, it clearly affects us in the united states where they essentially have japanese companies have bought $5,000 export subsidy that gives them an unfair advantage and we export more cars and parts than anything else, the largest export sector of the economy.

in part it's like the least weaken the fourth to head with competitors, it gives them an interred vantage. currency manipulation impacts trade flows. dagen: would you get tucker with the japanese auto maker manufacturers because they make their cars here that are sold in the united states though you wouldn't sacrifice the jobs they are bringing? >> if you will be direct investment in the united states is good you should support the sort of currency discipline that insures marketplace exchange rate, not government intervention and direct investment grade for the american economy, creates jobs in the united states and we want an environment that encourages and certainly having allowing the markets to set currency exchange rates helps do that. dagen: what you driving? >> a gee grand cherokee. dagen: okay. connell: former governor of new jersey, home to more successful

football teams at the university, for some small reason the kansas city chiefs haven't played anybody, they are horrible. >> had a great season. connell: thank you. thanks for coming on. gluten free. we said this was a story about this market, huge expansion of expected to suppress $6 billion by 2018 and as a result of that company's hope to capitalize on the latest in a dietary trend out there. dagen: jeff flock in illinois with more. >> it is fun when there's a lot here net involved. it is not just gluten free but movement in the country. you are looking at a oatmeal cookies but they are what do they call them? >> notes the meal cookies. >> enjoy life food, scott mandel is the ceo. tell me why this is not a flash in the pant.

>> food allergies and food intolerance growing significantly in the united states. 1 hundred million americans are looking get free food products and over the last 15 years, 50% food allergies have grown 50% in the united states. >> big companies get involved enjoy life, probably held company but general mills for example has started small planet foods, kellogg's is into this. this trend is continuing to. tell me what you do here. >> we have a line of products gluten free and free of all common allergens. >> some people think gluten free is a flash in the pan and how big the market is that? you are free of all the common allergens. >> we foods make up 90% of all food allergies, wheat, dairy, eggs, solely, peanuts, shellfish and fish. the the the big eight.

>> the company based in illinois, you are sure of not getting anything remotely associated with any of those allergies. >> that is correct. that has been since the beginning of time since we started the company 11 years ago and holds true today. >> look as we leave you, the grocers that are benefiting from this, whole foods is one of the these, by the way. not bad for oatmeal cookies. and also big with these chains, sprawl of farmers market, a lot of them benefiting from this. we will be here all day today. next hour a chocolate one. n/a air net. connell: a big opportunity. the net we were debating ashore while ago. gluten free. connell: a lot of people are doing it. a lot of people are choosing to do it. for the company. take advantage of people going in the right direction. patients paying off for a lot of

people who waited until today because of the date to get married. dagen: 11-12-13. we will be right back.

dagen: special days are popular when choosing the point you are going to get married and today is one of them. 3,000 are flocking to the altar today to save their vows to one another on 11-12-13 according to a survey by david's a bridal. joining us is the site director of thenot.com. is more than that? >> around 3,000 couples, it could be more but that is four times as many couples and get married on a tuesday november.

dagen: when it is snowing outside. why is it important? we were laughing is the reason you remember when you were married remember -- >> he won't forget the anniversary. the sequential numbers a meaningful thing to put toward the wedding and couples are often looking for unique elements in 11 and 12-13 is one of the. dagen: it is a lot cheaper to get married on a tuesday, kind of a late fall. using a lot more people getting married during weekdays. we go friday, wedding to go to this week. >> it is true. saturday night is the night when you're going to repay in premium dollars for europe and you. you can start to save a little money if you get married on friday and tuesday -- the and won't get people to come to your wedding. how far in advance to you have to plan your wedding?

>> it does depend. generally speaking couples book that menu 11 or 12 months of listening getting gauge that is the first thing they do and often it is a year's worth of planning. the point overall spending. have you seen a shift between one thing or another, more money spent on food? how is the allocation of money changed and has spending continued to go up? >> the allocation surprisingly stays the same. people splurge a little more but otherwise overall spending is interesting, over the last several years, 2009 was the lowest since the average budget, it has gone up so 2012 the average budget, $27,000. the don't spend it. keep it for yourself. not good for your business.

thank you so much. connell: you can watch just about anything these days on your phone with video, tv, movies but new regulation may change that and in the next hour of markets now robert mcdowell has his take with dennis and cheryl and george washington's first proclamation of thanksgiving 224 years old, signed by washington expected to go for at the $8 million at auction. here in studios this thing, coming up next hour. markets now continues. le questi: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed much is the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years.

♪ and this park is the iide of your body. see, the special psyllium fir in metamucil actually gels to trap some carbs to help maintain healthy blood sugar levels. metamucil. 3 amazing benefits in 1 super fiber. metamucil. ♪ (train horn) vo: wherever o trains go, the economy comes to life.

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[ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech ocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breing into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male annoucer ] now the world is your trading oor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade. >> i personally believe this president should honor his commitment the federal government aid to those people. dagen: the president speaking out about obamacare.

another hit to obamacare, humid and 50,000 people successfully and rolled. the market's taking a breather, and a guest says investors are getting too greedy at these levels. george washington a status the first federal the of thanksgiving, two copies of this proclamation in existence, one of them in library of congress, the other in the studio. a lot more coming up in the next hour of markets now. not just today but later on in the week we will get to hear from janet yellen. so much speculation from hair, going for congress and defend herself. does she have political shops. dennis: you will see stocks react one way or the other.

cheryl: stocks every 15 minutes on the floor of the stock exchange, u.s. airways, cleared for takeoff. we got the doj statement. stocks performing. nicole: we will get right to those stocks looking at u.s. airways' which is to the downside after it was halted earlier right before the 11:00 a.m. hour, resumed at 11:51 and the stock actually topped and got a drop here you see it selling off now. when you put u.s. airways and american airlines together they get a largest carrier and a hair was a lot of concern about other airlines including virgin and southwest, concerns about takeoff and a landing not only at reagan national in d.c. right here at home, la guardia, the u.s. department officials plan a media briefing so we will wait on that as well. this will help the low-cost

carriers in this competitive field. all the airline stocks hit 52 week highs in your seeing usairways pulling back. dagen: building the smaller guys, thank you very much. dennis: embarrassingly disappointing early report on the number of americans and rolling in obamacare and if true, it missed the white house target by 500,000 by a long shot. rich edson on capitol hill with the latest. rich: another issue that is difficult for the administration. bill clinton acknowledging what the administration has been saying all along, it promises have been kept, obamacare not for the federal government promised you could keep your health care plan if you wanted to. the white house apologized for that last week but the president is piling on. former president is. the problem with all of that is the way this is designed insurance companies have been working on this for months to phase out those plans and if you

fe is in one expert says it would be difficult. >> you can and cancel canceled policies that you need six months notice to do it right. the people who have gotten health insurance policies canceled barnacle. >> house republicans on friday will be voting on a bill that would allow insurance companies to issue those policies a phased out over the last year leading up to those cancellation notices. there's another hearing the based on the obamacare website, healthcare.gov. news reports and wall street journal between 40,000, and 50,000 people successfully got online and actually enrolled in health insurance because of healthcare.gov. we will have a hearing on that tomorrow. the administration refuses to say how many people successfully enrolled in health care on healthcare.gov but they will provide that number this week. dennis: a lot more coming up on that in what is bugging me.

cheryl: investors are piling into the stock market. weekly equity funds taking off since january after years of fear from investors do the financial crisis our next guest says some investors are getting too confident for their own good. tom carson is here. you are saying clients are calling you up and showing signs of being too greedy when it comes to money. >> there is an aspect. a lot of investors out looking for these returns, they see the markets of all time highs. an alternative to the bond portfolio as well has not performed in a great manners this year because of the rise in interest rates though we are looking for an alternative and increasing and that is the desire to move into equity. should make you can't fault anyone for being in the stock market or staying in the stock market. >> the import aspect is two

motions govern everybody's decisions, fear and greed. in the aftermath of 2008-2009 we saw peer as investors, especially retail investors stayed away from the market and they're coming back. dagen: a lot of cash on the sidelines, that is true today. they are much stronger but i don't see where that correlates with greed. i don't see the connection between people coming back to the markets when they ran for the markets in 2007-2008. i don't understand where greed is coming from. >> not necessarily greet in terms of the desire they have to get these overwhelming returns but a lot of investors feel they missed out. if they haven't been in the equity markets, if they want to be in a more conservative stance and those that have not participated in the last couple years of this rally they are starting to pile in. dagen: are they making bad choices? are they chasing the twitter,

facebook, small caps? >> in an overall sense it is possible when you look at the fund inflows there are stocks that have good valuation but if you are going into the market right now a lot valuation's whether the ten year average, the p ratio is the high side. can it go further? there is so much liquidity with the federal reserve. a tail wind for stocks, it is likely we will see a pullback but two years since a 10% correction and that will continue longer as long as we got the fed stimulus. cheryl: the fed can't print money forever. if you look it central banks around world they are pulling back. janet yellen coming in, we believe going to continue the same paula c. ben bernanke had and people like you, the contrarian with the market saying back off, time to pull stimulus away. >> there are two separate

issues. we talk about the stimulus that is fair. there is the capering issue which will be discontinued at some point with some form of capering but lower interest rates will be prevalent through 2014 historically with janet yellen's record. cheryl: they got to get back in the markets and you look at cisco you can't go against the grain of technology, says the last year up 39%, you to pay a dividend, it is a stron company, they make something whereas twitter is debatable what they make. you like cisco. >> you make an excellent point. there has been talk about the momentum stock this year but i like the core holdings of cisco, reliable company, backbone of the internet pays the dividend and valuation is more reasonable than the market in general and more reasonable and many others.

cheryl: is another sector strongly sharing. you like these. thank you very much. dennis: just over a week, a new job freshly minted, tom wheeler already raising eyebrows. and robert mcdowell quit the agency, thanks for being with us, appreciate your time. but star with the news that justices found a way to approve the american u.s. airways airline merger, originally the fed is saying we will not let too many merger. what will this mean for mergers in telecom. and putting the, by john at&t/t mobile. >> four for wireless. and four after the obama administration in town. and looking to merge, we file a

lawsuit if dod gets a fair way or agencies and there is room to negotiate. and they have different circumstances. the government is looking for ways to strike a deal. looking for ways to strike deals with communication companies in a variety of contexts. dennis: previous administrations did thumbs-up or thumbs down. and 5 for 10 years. and two areas you got to go after and one is net neutrality and cable companies and to the fcc interfere with how they run their business or price it? a couple federal courts said they are overstepping and in other areas these big spectrum auctions so on the first count of neutrality, hired an adviser

who is all pro net neutrality and looks like a bad sign for cable. what do you think? >> this is in and of a federal appeals court in washington d.c.. you are absolutely right the s&p had strides several maneuvers before and the appeals court shut them down. the appeals court shoots them down, then the question becomes does the fcc try to classify broadband networks like cable networks or wireless broadband networks as monopoly phone services and that would trigger legal trigger that would cause this avalanche of regulation. that would be bad for any network operator, cable, wireless or phone companies. and in months leading up to this appointment i know her very well, she softened hair stand on title ii, the monopoly phone regulation type format so we will see what that means. tom wanted to hire people who know a lot about this. it come as a surprise that

obama's second term fcc is going to be more regulatory than romney would have been. dennis: the big threat to the entire communication industry is if the fcc threatened to do this, to apply century-old telephone regulations aimed at a government sanctioned monopoly applied to the internet. and let's move on to the second item in spectrum airways coming up, the other is the spectrum that our government gave to broadcasters decades ago, and buying back this free spectrum from the same broadcasters? >> the government buying it back would hold an incentive option, there was bipartisan legislation out of congress that said give tv broadcasters a financial incentive to voluntarily relinquish all or part of their spectrum in exchange for money and some goes to the treasury

and some broadcasters and that is supposed to take place next year. probably won't take place until 2015. the most complicated spectrum auction in history. you have a reverse auction how cheaply will broadcasters surrender their spectrum. the 4 option will be wireless companies, where will you put the on the dial, broadband companies, broadcasters. it will be very complicated fraught with risk but needs to be done to help unclog those airways especially in manhattan where you are. dennis: you have been worried about the fcc taking a dim view of wireless and things the wireless business is not competitive enough even though there are more in every market and you worry they will stop at&t and verizon from bidding in the spectrum auctions which mean the prices don't go as high as they should. what will wheeler do on that? >> my gut is he will not have an outright ban on at&t and verizon. there's a parallel proceeding regarding how much spectrum one company can own and the concern

is at&t and verizon have 80% market share and 100% free cash flow in the wireless industry. i think he will restrict what they can do. i don't think he will give an out bright man that will destroy it and make a complete failure. i think he knows that. dennis: thanks for being with us today. dagen: cheryl: a $6.2 billion industry and is growing. free foods like gluten free, food that our dairy free, expanding to meet demand. that story next. dennis: and the private sector fix obamacare? what is bugging me and we want to hear from you. tweet us. look at energy prices. my mantra? family first.

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cheryl: the dow by 59 points. one of the sectors i am watching is the energy sector. interesting information and data, by 2016 the u.s. will be saudi as the top oil producer. they also said shell gas production in this country was the reason you are seeing a boost in energy production in the u.s. and will not be a threat to middle east producers. this in the long run, help the big energy producers. tom parsons talking about that. if you look at the 1-year chart. and 15%. the stock is up 12%.

time for stocks, i was teasing ahead, nicole petallides standing by on the floor of the stock exchange. what you watching now? >> dow industrials down 60 points. the vix has an up arrow, when you look, stock is to the downside with quarterly profits and lack thereof is a better way to say it. third quarter profit dropped 40%, they had are rise in cost and expenses and meantime a rise in revenue but that was masked by expenses that have been on the rise. talk about redesigning their cloud computing platform this is where you can store whatever you have on your internet and the like. trying to attract new business and redesigning cloud computing hardware, working on computers and the like to but not able to swing it out today down 13-1/4% a year to date down 42%.

cheryl: thank you very much, appreciate it. dennis: what is bugging me is obamacare and how to fix it. two pregnant page 1 headlines this morning. and wall street journal health-care site falls far short of target. understatement of the day. in the new york times insurers seek ways to bypass healthcare.gov. we were supposed have half a million people under obamacare but fewer than 50,000 people in five weeks. we now need 50,000 people every single day to sign up by march 31st, to get this airborne. but president obama is stonewalling refusing to specify real numbers downplaying the debacle, underestimating of the problem and willfully misleading the press and public. private insurers are getting nervous, the guys who president obama spent years demonizing are so worried, the new york times

reports, they are pushing the government to let the mineral people directly and skip the government website. which makes you wonder. why do the fed's not simply out for sign ups to the insurers to begin with instead of trying to reinvent the wheel? badly? tweet me at dennis kneale. can the private sector fix the obamacare mess? cheryl: thanks giving a little more than two weeks away but hasn't always been celebrated on the fourth thursday of the month. we will show you how all began, washington's first thanksgiving proclamation in our studio. we will take a look at the world's currencies and how they are sharing against the u.s. dollar. we will be right back. [ male announcer ] how can power consumption in china,

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dennis: charles payne has a healthy stock pick withhold food markets. why whole foods? charles: american servant route, mr. earnings estimates the stock has come down in the grand

scheme of famous, a ten year chart, these pickups have been an amazing opportunity. part of the problem is they were victims of their own success, so phenomenally successful, they're identical score sales for the quarter were 5.5%. safeway trading near an all-time high in the same period, identical assails. and obviously the street is looking for more from wholefoods and consequently these overreactions but every time they have been an amazing chance. cheryl: looking at other publicly traded stocks? charles: i mentioned two pure grocers. look at walm down a little bit, traders joe's is not publicly traded yet. so it is hard to find a true comparable company which is part of the allure.

you go in there, shopping experience is wonderful. dennis: one of promising competitor comes along. charles: it looks like they will start making stores a little bigger again. they are going smaller and smaller and i studied same-store sales and it looked like they had 7.1% sales growth, they were 53,000 square feet on average. smaller stores are smaller same-store sales. dennis: that level of granular detail is most impressive. charles: they were public. charles: survivors of the deadly typhoon in the philippines are pleading for help. joining us from the philippines

is more. >> that is where this disaster is right now moving forward. the typhoon is over and the suffering is not. they have to get the supplies move we off planes like this in to people's and the. that isn't happening. let's go to a coastal city with 220,000. it took a direct hit. there is no power, no water, no food and no sanitation. 10,000 people they believe were killed there but five days later many bodies remained writing in the sun. from roads remain blocked, fuel is short and security is thin. thousands are trying to get out. thankful they survive the storm and the aftermath. >> children crying, freezing, and i saw a dead man so i asked somebody, i shouted and a broken

>> looks like we're having technical difficulties with this shot out of the philippines. certainly it is easy to imagine we will have technical issues as the infrastructure of the philippines has been slowed destroyed. connell: fixing philadelphia. a new initiative for the private sector to tune up and solve crime in the city of brotherly love. cheryl: you don't have to go to a galaxy far far away. the next star wars movie coming up in dennis's media minute and as we go to break we look at big winners on the s&p. we will be right back. we went out and asked people a simple question:

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read and consider it carefully before investing. risk includes possible loss of principal. dennis: stocks now every 15 minutes. let's get to the floor of the new york stock exchange and nicole petallides. nicole, we've got stocks under pressure. >> we sure do. right now the dow jones is down about 56 points here on wall street. a lot of red on the screen but we've had some names that have been on the move here. let's take a look at them. for example, men's wearhouse is at a new high. one of advisors, saying men's warehouse has instructed financial advisors to review all the strategic options. encouraging them to look at the joseph a. bank offer. twitter to the downside today. not as low as it was in the $39 range. fedex looking good with dan lobe takeing a stake. walmart offering black friday great deals on thursday, 6:00 p.m., eight p.m. eat turkey

and run over to walmart. many others are open as well. target and jcpenney. dennis: always means less fighting by the family when you break it up to go shopping. thanks, nicole. >> it's a city with one of the highest crime rates in the nation. philadelphia, and its mayor teaming up with u penn wharton group of business and other companies to tune-up technology surrounding philly's public safety. we have the advisor from street cred software and advisor to the program that the mayor of philadelphia has been pushing for. first, a basic question here, what can the public and private sector do together as far as crime in philadelphia? they have got a lot of problems in philadelphia. is this answer, technology? >> well, it's actually more than technology and i had thought it was technology also. what i found out was that there's a 100 million-dollar annual opportunity in education for people in prison to avoid recidivism.

it is more than just technology but of course as a tech ceo i always like to think technology is the cure for everything. cheryl: here is the issue, i was looking at the initiative. here are some things it wants to solve. this will be 10 teams, 10 companies, if you will, basically that will come in and compete and give their ideas how to fix philadelphia, which, sounds good. vacant land. that is supposedly a problem. 22 million-dollar program, problem, excuse me in philadelphia. you mentioned repeat criminals, that's an issue and mental health. what do you think these guys are going to come from? what do you think they can produce for the mayor that can fix these issues? >> i think they will come from literally all over the world. i think doors are open right now to entrepreneurs and that the thing that was very smart that mayor nutter did by teaming up with academia and private sector resources, with the wharton social impact initiative and good company groups, what he's done he allowed these three groups, here's the high level

problems we have but they're not dictating solutions but leaving those solutions to the private sector but where most of these kind of innovative solutions will come from. cheryl: okay. >> ultimately the 10 companies will come down to philadelphia, be accelerated, the best of them, pilot their programs in the city of philadelphia. a tremendous opportunity. cheryl: not to jump ahead of the program, but i'm curious what type of fixes they will come up with. that is my question. we've seen it happen in san francisco. oakland has a very high crime rate as well. new york city, louisville, kentucky, these are cities that have done the pilot program and tried to kind of bring private, public sector partnership into play. what have we learned from those cities then that philadelphia may actually advance as well? >> actually what we learned by opening up the data, by working with public and private organizations together we can reduce costs, we can make government much more effective. what that ends up doing in public safety which is the wharton social impact initiative

has discovered has the greatest single opportunity to move the needle in any program when you're working between public and private sector, what we've seen across the country is better visibility into processes like jail overcrowding, prison overcrowding. better outcomes for people not just in the community by increasing safety but also people inside the public safety and criminal justice systems, getting better treatment and having better outcomes themselves. cheryl: okay. obviously you're advising on the program. each company gets 10,000 dollars to work with. that is the initial grant. then the winner gets what? >> well the best, the best programs will be selected to actually pilot in philly. i would actually say that working with these three organizations, probably the money is the least important thing they will get out of this. of the money is always great especially an early stage startup what they're seeking right now. but i actually think that the rooms they will be in, the conversations they're going to be in and the problems the

entrepreneurs and innovators will be exposed to will give them the opportunity to test out what they do and really have the chance to make philadelphia a safer place. cheryl: interesting what the mayor comes up with. big initiative and certainly for people living in philadelphia. nick, thank you. >> thanks a lot. >> in today's media minute, two new studies shed light on just how much tv and film has loosened up in sex and violence. new report from glad says disney's abc family channel is the gayest network on television with fully 50% of the prime time hours having gay characters in such show as the fosters and switched at birth. fox's fx channel is number 2 at 40%. images of gun violence in pg-13 movies more than tripled since 1985. the annenberg public policy center, that pg-13 flicks had more guns than the top r-rated films. violence doesn't get an r,

anymore, it is final taboo, sex, whatever it may be. "wall street journal" says google now letting nielsen place electronic tags on video ads on youtube, measuring how many people see the ads and how often calling all fan boys. you are unable to make the casting call in england last week for the new starring roles in "star wars" episode 7. so apply on line. here is the web. go to open casting call 2013.com. download a trite script and deliver the finest elocution. no cost is necessary. cheryl: i know you will give that a look. >> absolutely. gluten-free, nut-free, the free food market with names enter tegg into the fray. we'll have ceo of i don't foods. dennis: dennis: expected by george washington -- expected at $8 million in auction.

it is here in the studio. the first thanksgiving day proclamation next. ♪ [ male announcer ] imagine this cute blob is memucil.

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. >> i'm ashley webster with your fox business brief.

the international energy age says says the u.s. will be the world's leading oil producer by the year 2015 that would put the u.s. ahead of russia and saudi arabia. the shale oil boom in texas and north dakota has reversed the decline in u.s. oil output. small business sentiment falling to a seven-month low last month. the national federation of independent twist optimism index dropped to 91.6 in october, down from september's 93.9 reading. business owners are worried that the partial government shutdown would weigh on sales. bank customers are doing more online banking but most want banks to keep ranch offices open. according to a accenture survey,0% say they will visit bank branches as much or more a year from now. that's latest from the fox business, giving you the power to prosper. s are always learnine to make their money do more. (ann) to help me plan my next move, i take scottrade's free, in-branch seminars... plus, their live webinars.

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studio with us, george washington's original proclamation of the first thanksgiving set to hit the christie's auction block on thursday. let's bring in christie's books and manuscript specialist and the proclamation. this was on a natural tour, correct. >> we've taken it all around the country from chicago, boston, washington, philadelphia, a lot of people have seen it and very excited about it. dennis: what pen did he write it with? a feather quill things. >> the text is in the hand of a secretary, a describe named william jackson. he signed it at the lower right-hand corner. it is his words, his signature. just a very exciting piece. the first thanksgiving proclamation ever issued by an american president. it is first thanksgiving holiday celebrated in the new united states. cheryl: talked about god and prayer so much. what i think is so interesting. >> right. cheryl: so much about thanksgiving has changed. it is more of -- >> yes. cheryl: more secular holiday now. >> yes. this actual

original proclamation and honoring god and prayer and bible, things like that, that has changed. >> excellent point. it has a re religious tone and also has a very patriotic tone. that aspect of thanksgiving has diminished sadly over the years. what washington is asking americans to do is to ask for god's thanks for the creation of our country, for the creation of "the new republic", under the constitution. he is specifically mentions that. dennis: did washington go ahead and issue an annual thanksgiving proclamation thereafter and does it make this one less valuable when you put it up for auction? >> he did not issue a proclamation each year. this is the only one he issued, the second proclamation in 1157 but it was not an annual event. not until lincoln that the holiday became fixed as the fourth thursday in november. interesting what happened. after washington's proclamation the holiday took off among americans t was very popular very quickly. the problem was, different states celebrated it on different days.

that is the confusion that lincoln sorted out. cheryl: talk about money, dennis brought that up. >> yes. cheryl: this went on tour. the bid is november 14th. that's a thursday of the this is going to we believe 8 to 10 million? >> estimated eight million to $12 million. we've had interest here and in the united states surprisingly from potential bidders overseas. cheryl: i don't want to hear that. >> we're not supposed to concern who bought by i confess i hope an american purchases it. dennis: haven't many of rare items been fetching higher than expected prices? don't you auction guys tend to want to raise that bar when you say how much it could sell for? >> yeah, we sold washington's annotated copy of the constitution, last year, june 2012. sold for $9.8 million. we estimated two to three million. when that sold in auction in the mid '60s, sold for 24,000. i am not good at numbers but i think that is better than the stock market or rate of

inflation. cheryl: patrick, thank you very much. thank you for bringing in the proclamation. >> my pleasure, thank you. dennis: one in 12 children in the u.s. is believed to have food allergies or other food intolerances. as a result many companies are beginning to produce what's% known as free-from food to capitalize on this growing base. jeff flock is in illinois with more on this, jeff. >> enjoy life foods is the company we're at today, dennis. i'll tell you see the packaging going on. nowhere in this facility are any of the common eight allergens. i will ask ceo, scott man dell, what are the eight allergens people are most likely to be allergic to. >> wheat, dairy, soy, peanuts, shellfish and eggs. that those are the big eight ate. >> a board member here, none of the 43 products have any allergens in them? >> that is correct. that is one of promises we do, made in dedicated nut-free,

certified gluten-free facility and free of the top eight. >> big guys getting involved as well. general mills as well as kellogg's, both of them coming up with lines that they find are also free of all this stuff. because they see a great profit motive there. what am i looking right there, scott? >> right here we're packaging our cookies. the cookies are being pushed into the cartons this is special edition happy apple cookie. >> i got to ask you this. a lot of people think, if you're gluten-free, free of all this stuff, you're also free of taste. where do we stand with that? >> if it doesn't taste good the product will not sell. there is no question about that. the products do taste great. we spent a lot of time and energy over the last decade perfecting these products and they do taste great. >> proof of that is some of those grocers where the products are sold like natural grocers like, natural grocers, roundies. these guys are doing well.

100% gain over the last year. >> absolutely. we're seeing great growth in both the natural market and conventional supermarket and mass market, target and walmart. >> all day today with free-from food. we'll taste it a little later, dennis. to see if in fact it is free from taste as well. some people used to describe these things tasting like cardboard with gravel in. those days are over. dennis: a little trans fat would help. i'm sorry. we're banning those too. thanks, jeff flock. >> see you, dennis. cheryl: we're following breaking news with regard to the justice department. they are confirming antitrust settlement with american airlines and us airways. a conference call getting underway any moment. we'll monitor. let's bring in jim corridor of s&p capital iq who joins us via phone. jim, the first question with all of this what changed with the doj? they got concessions with slots at airport but tone of the doj

really changed with holder last week. what did they ultimately got out of this settlement with the amr and us air? >> i think doj realized the airlines had compelling case to make in court. they didn't want to go to court. they stepped up their ability to receive concession. what they're getting today is certainly significant. a little more than i think airlines would have to give up3 frankly. it certainly doesn't alter the economics of the deal and allows the doj to saves face. cheryl: what do you mean give up? smaller cities that have to be served or slot sales particularly at reagan and laguardia? >> particularly the slots that will go on at reagan and laguardia were a little more severe than we thought they would have to give up. certainly there will be many flights out of those two areas for the new american once the merger is completed. real economics is international routes of american combined with the low-cost culture and management of us air. i think that is the real true value and putting those two

together should be a win for the company. cheryl: what is impact of airlines in the group? i'm talking specifically about people like jetblue and southwest airlines? they will be able to bid on some of those slots. i'm curious if that in your opinion is a positive impact. and what does it mean for united? what does it mean for delta? they have a bigger competitor now internationally when it comes to american and us air? >> certainly jetblue and southwest will be bidding on those assets and they will get some slots and they will be able to find attractive places to put those planes. definitely it is good for them. in terms of delta and united they are going to see a strong competitor but, you know, we're now well into ccnsolidation into the industry. economics of the industry are good. with an improving global economy, we've seen no reason why there shouldn't be strong profits for all three of those companies. cheryl: we're talking about 104 carrier slots. i think that is interesting in particular reagan. seems like reagan it came down to that one airport in this agreement. do you think that the companies

gave up too much at reagan in particular? >> he will which think they were eager to not go to court as well, once you go to court all bets are off. anything could happen. certainly probably a little more than they initially wanted to give up or felt they should have to give up. there are plenty of slots at reagan still. there are plenty of slots at new york as well. i think it is not going to be a big issue. cheryl: jim, before i let you go, your predictions how long the merger is taking to be complete. this is not the end of the story, obviously. we don't think we'll hear from executives for a couple weeks. how long do you think the overall merger will take to complete and sign off on? >> i think they should be done by the end of the year. that is what they're saying in the press release by december. but now we start the integration process a year or two years. it will take to integrate technology, employees databases all that stuff. it will be a lengthy period before we know if this merger is successful or not. cheryl: at least, at least. jim corridore, we'll let you get on the call. thanks for joining us.

>> sure, no problem. dennis: can the private sector fix the obamacare mess? at this point it is bugging me. >> here is look at nasdaq with some names for you. we'll be right back. ♪

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darrell says, serious government involvement and including bids and contracting and hire a prime minister. sin says the flaws in obamacare are still there even if you turn it over to private businesses. in fact it might make it even worse. they would need to force people to purchase it and bring down the cost of others. cheryl? cheryl: eyeing the fed. markets waiting for comments from fed chair nominee janet yellen. that is coming up later this week. next hour we cover all the angles with haverford trust's hank smith and lord abbett. dennis: we're getting details of on a company who is seeing big demand for bulletproofing cars. welcome bk. how is everything?

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the 3 i m adam shapiro. webmac where in the president's broken promise about keeping health-insurance. it comes after new numbers show

how disappointing the obamacare rollout is. details from washington straight ahead. dennis: don't hold your breath for a correction even as stocks test record after record. case$.5 billion in advice from hank smith, why he says you need to get in this market and stay in. webmac he your name? even if you don't wine not sell it? we speak with one entrepreneur getting ready to change his name again and raking in some big bucks doing it. dennis: genius or lazy? we will ask jason sadler later this hour. lori: let's get started with a breaking news, following all the developments in the merger between u.s. airways and american airlines. nicole petallides has trading reaction on the floor. nicole: we are watching the story with u.s. airways and american airlines moving forward and reaching this settlement with will open some dates for the smaller carriers.

u.s. airways reported with amr making the largest carrier, usair weighs down 8%. the amr stock was five letters, not one we follow closely but a huge pot and the rest of the airline worth noting ahead of 52 week highs named by jetblue and southwest airlines, we have seen a lot of airlines doing well today. we can seize a noted u.s. airways pulling back the 1.9% united continental and jetblue up 4%. let's look at major market averages, the vix, the index to the upside, the dollar higher, dow jones industrials moving records, record close yesterday, the 35record close for the dow jones industrials pulling back 48 points, and that is something we are watching, the ten year, watching closely as they creep higher putting a damper on equity, 2.7% yield.