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tv   After the Bell  FOX Business  November 22, 2013 4:00pm-5:01pm EST

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>> absolutely. [closing bell ringing] david: those are the bells. it is end of the week. another mow memphis week. -- momentous week. liz: s&p blasted through the record of 1798. dow as well. you would have expected some type of a pullback after the run-up past 16,000. david: look at evenness, evenness of all these indexes. sometimes we see one outweigh the other. now it is across the board. rising tide lifts all boats. at least that is the show today. liz: time for your front page headlines. european union, yes, not just here in the u.s., reportedly set to green light a deal between microsoft and nokia. microsoft will acquire nokia's mobile phone business for $7.3 billion. this will be microsoft's biggest transaction ever and help the software giant break into the device and service industry. david: fewer americans are planning to travel this thanksgiving. counter me in on that. according to aaa a.
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43.3 million americans will journey more than 50 miles from home. that is 1.4% decrease from the 44 million last year. liz: unit of caterpillar, being probed by federal investigators to determine if they dumped train parts off the coast of california. according to "the wall street journal", progress rail services is under investigation for dumping parts in an attempt to conceal evidence that it was charging owners of rail eequipment for replacing parts that were still in good shape. david: wow. the nerve! the obama administration planning to delay the start of next year's obamacare enrollment. the administration will allow consumers to sign up on november 15th, 2014 as opposed to original october 15th start date. guess with what. there is election in between. is that a coincidence? i don't know. this pushes enrollment period past the 2014 midterm elections. a lot of eyebrows going up. liz: a battle over the cable box. "the wall street"the wall street
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as nicole mentioned, charter communication is nearing an agreement to pursue financing for a bid for time warner cable. not so fast. the journal also reporting that time warner is in talks with comcast a competitor to ward off a potential charter takeover. "after the bell", good one, records abound, starts right now. liz: dow record, s&p record. russell record as these numbers still settle at the moment. let's get the action going. steve holland, holland group founder and ceo says, investors need to be defensive and protect the gains we all have seen. teddy weisberg on the floor of the new york stock exchange. and scott shellady in pits of cme. scott, you take it. we spin it forward into next week, leading into thanksgiving. volume will be thin. swings become wider. >> we could stand a chance, to be more volatile. i've been doing it for 26 years.
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old traders will tell you this. don't want to go short a quiet market because you need the calvary to come behind you sell it to you to let you out. market will hold in and grind slightly higher, quiet markets tend to gravitate to the upside. david: i will not give out anybody's age here, i'm willing to bet teddy has seen a couple more trading seasons than you have, scott. teddy i will ask you same question that asked nicole, is this confident -- you've seen a lot of bull markets in your life? is that a confident bull market? some bull markets are not as confident. >> you wouldn't last 50 years if you were wearing a floor jacket like he is. david: easy, easy. liz: scott loves it. >> clothing aside, this is, we've been on several, david. you have to go back to the trading lows of 2009, march of 2009. the dow is up 10,000 points. i mean, just think about it.
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10,000 points. i mean who would have ever even thought about that, going back three or four years. david: teddy, wariness, is there a wariness about that level or is there a confidence about it? >> well, i think the fact that the volumes on balance remain relatively anemic, what it is suggesting to us, there are still plenty of non-believers out there as strange as that might sound. and which also would equate to the fact that there is still a lot of money on the sidelinee. one thing that is different this time. nothing will go up forever, david, but one thing is different this time, is that we been in this zero interest rate environment where there has been an underlying bid for equities created by federal reserve monetary policies which there is no indication that that is going to change anytime soon, even if they go to tapering, they said they will keep interest rates at or near zero. david: that's right. >> therefore by almost by definition there is this, there
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is this invisible bid for stocks. that is why all the selloffs have been shallow,. in my opinion, that is why all the selloffs have been buys, even intellectually we all would agree we're way overbought. liz: one of the things, let's bring in steve holland, when you see a certain drug being used over and over again, is essentially sometimes it loses its effectiveness. so the same amount of bond buying that the fed is doing and teddy's right, it's still in effect, could it at some point lose its effect and therefore how do you position a portfolio with that in mind? >> well, i think, you know, we look at this, yeah, we go back, six, seven months now, and, you know, i kind of feel like we're all asking the same question, when is it going to happen, when is it going to happen? when will the tapering begin? many investors will become immune to this after a while. but i think a lot of investors that, freshly, that remember 2008, a lot of investors are going to say, hey, i've been
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here before. i don't want a repeat performance. i have to play defense in my portfolio. i have got to take profits off the table right now. that is what we're doing. right now, to the end of the year. we're going to take profits. we'll say god bless america. you made money. you're up, 20, 25%. enjoy it, and be a little bit defensive. liz: where would you prune steve, in a portfolio? >> in a portfolio right now we're using some stops on some of our positions. we are also using some options to protect capital as well. but we're nnt making a shift to long bonds of course. we are making, some shifts over to cash. and some short-term fixed income. david: steve, i want to ask you a question i asked a trader yesterday. whether or not the taper is going to be such a big deal, when it happens. he said not necessarily. we just heard from teddy saying look, even if they taper, it will be five or $10 billion off of 85 billion a month they have been doing. they will still keep interest
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rates low. do you think that when tapering actually hits it is going to be a big deal or not? >> i think it depends on the size of the tapering. sure if the fed was to call it quit, which isn't going to happen -- david: they will not -- not going to do that. i'm talking about what everybody is expect being a 5 to $10 billion tapering of that 85 billion a month. what do you think the market is going to do? >> i think the market will have a negative reaction. i don't think it will be real substantial. i think we'll see a reaction. maybe down 5 to 20%. i know one thing is for sure. many of my clients, 55, 60 years old, they're very concerned about this. of some of them say it is a house of cards, waiting to fall. i don't quite agree. again i think it's a time to be very careful. liz: teddy, they say there are many old pilots and many bold pilots but very few old, bold pilots, right? what do you do here? do you agree with steve, sell
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the stop positions and take some money off the table or you don't want to miss this? people were saying exact same thing one year ago and they missed a massive run-up? >> listen, i would, you know, bulls make money, bears make money, pigs get slaughtered. there is point where you sort of need to get little money off the table. the problem you are going to have, what do you do with the money when you take ii off the table? i think the equation, what does a stock portfolio represent in terms of somebody's total assets? if it is not a big percentage of your total assets i would say just let it roll. david: scott, knows about pigs getting slaughtered. he has a form farm. some of that goes on around there. scott, what, a year ago, harken back to the time period liz is talking about. a year ago when obama was just reelected, a lot of people are saying, gee, we have to sell our stocks now so we get lower tax burden, that obama is going to come on, put even more regulations in. stock market, is that where you
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were a year ago? did you see this rally coming or not? >> well, you know what? difference between what i thought would happen and what is really going to happen, as long as we're accommodating economy with loose money policy you have to stay invested. we'll wait and seeuntil we see, two, three, four months of economic figures to say, hey, now is time to take a little bit off the table. david: scott, you're not answering the question. scott, i love you brother, but you're not answering the question. a year ago, did you think that you would see a run-up like this? >> i don't think, no, i did not think we would see 25% if that is the question you're asking. i thought more 10 to 15. we've gone from 1999 greenspan and irrational exuberance to ben bernanke's irrational apathy. they are not trusting it. you will probably have another run-up, 10 to 12% next year because i don't see anything
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changing economically. liz: great and spirited discussion, steve holland, teddy weisberg. david: for the record i love scott's coat. don't everrchange that, scott. >> david i want one of those coats. david: see. i knee it was jealousy, teddy. that is what motivated you. liz: nyse won't allow it. we know the rules. thanks a lot. liz: success of small business, listen, a lot of people know th% key to our economic recovery. so how are they doing? our next guest helps small businesses get off the ground. she's talking about how all of you should patronize small businesses leading up to the holidays becauss they will actually help your local economy. we're talking to amex next. david: also, should college football players get paid? all the athletes? it is an age-old debate. there is one lawsuit now against the ncaa that could change the face of college sports. liz: we want to hear from you. do you think the ncaa players
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liz: foot locker hitting the stride heading into the holiday season as shares are up following quarterly numbers. get back to nicole petallides on the floor of the new york stock exchange. >> you said hitting a new stride and a new high. stride and new high all great news for foot locker. end for the day up 4.% on the day. 38.27 but did hit a new high on their numbers. same-store sales increased. interesting a lot of retailers, some have seen weaker same-store sales. foot locker continues to do we watched them going into the holidays, which overall, people are very concerned about the holidays, promotional time where all these retailers will have to battle it out with big competition and lowering their numbers but their same-store sales were, profits slipped some, 1.9% slip in the profit. they also noticed higher costs facing. same-store sales numbers, that improvement, 4.1%. shows you people are still
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hitting those stores. back to you. liz: indeed. nicole, thank you. david: gold suffered its biggest weekly loss in 10 weeks. stronger u.s. economic data raised uncertainty about the timing of the federal reserve plans to taper. liz: let's head back to the chicago mercantile exchange to break down this week's action. we have sandra smith and fox business contributor phil flynn. sandra, what is the take whey from a week like this where we saw record after record? oil and commodities move considerably higher and you're looking next week with very thin volume activity expected? >> well, there is just a lot of bearish momentum in the goldmarkket right now. in a week where you had goldman sachs come out with a major forecast for gold to fall to nearly $1,000 an ounce next year. you had john paulsen telling his clients don't add to your gold fund. he has been one of the biggest gold bulls out there the past several years. gold is finishing at a four-month low. down again on the session. just a couple of dollar loss today. you're looking at 1242 a troy
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ounce. guess what? gold is down 26% this year. liz, dave, i remind everybody, gold has gone up every year for the past 12 years. it is on pace for not only a loss but a major loss this year. it looks like it is still going down into the end of the year. the latest cftc report says everybody is piling in on the bearish side when it comes to precious metals. they're selling metals, raising money and buying more stocks it look like. david: phil flynn you know i love you right, phil? >> yeah. david: you know i love you. you have. every day you send us wonderfully detailed of description of subjects you can talk about, for everything that is on here, i will ask you something not on here. >> awesome. david: not because i don't love you, you understand that. i'm thinking about keystone pipeline and supply and oil everything. >> right. david: a lot of people seem to be saying, i'm hearing whispering about this, keystone, that we have lost the keystone pipeline. there is so much shipping of oil as opposed to pipelines and
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other things going in the president has delayed this thing so long that it is not going to be done. are you hearing anything about that? >> you know, i heard both side of that argument. i also heard rumblings that it was going to get done. maybe will get done after this president gets out of office. tell you what dave, this is lose-lose for everybody. i don't care who you are, what side of equation. if you're an environmentalist this is losing proposition. you want to know why? that oil sand oil you're trying to stop is going to be produced. the only problem when you transport it, it will begreater. they will have to move it by rail and by truck. much more dangerous to the environment. so they're going to lose. david: bottom line, by the way, we're going to lose the jobs as well. >> right. david: that is one of the keys. do you think in the end this gets done or not? >> i think it gets done. david: all right. >> at some point, common sense is going to prevail. i tell you what, they're building up the keystone pipeline.
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every other leg of the keystone is being put in place. i believe just because of that, these guys wouldn't spend money if they didn't think at some point it would get done. maybe after president obama leaves office. maybe not. but there are still people betting on it. refiners are as well. they're getting ready for it. liz: sandra, what people don't see all day long, how you do your job. you're running around on the floor. talking to traders. you pick up the phone talk to people not on the floor. get great insight what is happening, tick by take, day by day movements. what do you feel we're going to see as we head into the holiday season? we just had julian emanuel of ubs saying traditionally november, december are pretty good months? >> look, liz, i will answer that question quite honestly and i talk to traders every day, off the floor as well as on the floor who say it is just scaring them a bit where the markets are right now. when you consider the equity markets at all-time highs, they're just saying there is a lot of funny stuff going on right now. nobody is really comfortable
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with these record highs there they're seeing every day. while nobody wants to sit here and say they're actively fighting the tape, liz, there's a lot of people scratching their heads and a lost uncertainty and a lot of nervousness as we head into that december fed meeting. david: don't you get a sense, by the way, there is more optimism on wall street than there is in chicago at the cme? you get that sense, right? am i wrong, sandy or not? >> you're saying more optimism on wall street than here? david: yeah. about where the markets are right now? >> i would certainly tend to agree with that. you have, the whole purpose of the futures market, dave, is to hedge your risk and particularly in the future. so these guys have a job to look forward at what axe next and right now the uncertainty level is huge and, by the way, it is also kind of scary that the vix is still sitting at these very, very low levels. everybody's so complacent right now. liz: sandra, we've got to leave
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it there. sandra smith, phil flynn, have a great weekend. phil itching to talk. we'll have you monday. come back. good to both of you. thank you so much. >> thank you. liz: while most consumers are looking ahead to next week's black friday, it is small business saturday, yes, there is such a thing, that more and more americans are watching. we're talking exclusively with american express open president about how important local businesses really are. david: also will twitter become the big outlet for advertisers? how is it going to work? we'll give you details coming next. ♪ this is the quicksilver cash back card from capil one. it's not the "limit the cash i earnvery mth" card. it not the "i only earn decent rewards
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david: time for a quick speed read, day's other headlines, five stories, one minute. first two witnesses took the stand in sac capital style. conceived cohen tagged bonuses for ideas that translated into big gains. major wireless carriers, at&t, t-mobile and sprint all decided to stop charging users for premium text messages. messages sent from users have subscribed to but result in customers being charged for spam. that is no good. comcast corporation reportedly considering a bid for time warner cable. the deal would unite the united states's largest cable providers. networks and brand will now be a trouble reach consumers with push of a button on twitter. social media company will announce the new tv conversation targeting program for advertisers to send ads to tv
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viewers as they enchange with a specific show. twitter six second video app, vine, launched in two languages. the app reportedly has over 40 million users as of august. that is today's "speed read." [buzzer] liz, over to you. liz: i want to watch watch the show. i don't want to be tweeting and all this other stuff. that is not the wave of the future. before clicking buy button on amazon.com this holiday season, take a moment to see if you could make your at a small local business. higher-end credit card company, american express says 52 cents of every dollar you spend at a local business, actually end up staying in the community. so how important is this for the overall economy ? what are small business expectations for this holiday season? we'll talk to susan sobbotch, american express open president in a fox business exclusive. we're coming up on what you guys have created, and that is small business saturday. what is that, susan.
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>> small business saturday is the saturday after thanksgiving. right in between black friday and cyber monday. it is really a day that we're hoping all americans remember how important it is to give their holiday shopping dollar to their local retailers. liz: why is that important? do i really have to think about whether i'm going to neiman marcus or smaller boutique? >> it is not only important but it's smart. let me tell you why it is important. first of awe, as you said, 52 cents of every dollar goes there. small businesses actually higher most of the time from their local communities. so they're hiring friend and neighbors, 73% of the time. in addition, as a consumer you get better service, you get more unique products. you have better parking. there are shorter lines. and your neighborhood's vibrancy is so, so driven by the hello of those local businesses. liz: everybody talks about how small businesses are the backbone of hiring in america.
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how important, what is the chunk, the percentage chunk, of jobs out there that small business actually creates or can take credit for? >> small businesses create 2/3 of all new jobs. they're 50% of the non-farm, non-government economy. they're responsible for 14 times the number of patents as large corporations. i mean these are business who is actually make the real estate values go up. a strong main street makes for a strong housing market. liz: isn't that interesting? we have little main streets, say, for example, in fort lee, new jersey, aspen, colorado. a lot are smaller boutiques that turn around, if they need supplies, they will go buy from each other, correct? >> absolutely. absolutely. as a matter of fact, for any gifts or bonus that is they're giving to their employees, they will get them from their neighbors. their neighborhood small business. >> sold on the concept, how successful was it last year, small business saturday? can you actually put a number? >> absolutely. we had $5.5 billion worth of
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spending that took place at small businesses last year by americans on small business saturday. importantly, 73% of americans say they know about small business saturday. liz: what are small businesses saying about this upcoming holiday season? and what we do find interesting, whether it is a, just sort after one-off, first time in many, many, many years, that hanukkah starts on thanksgiving day. almost like everybody has been accelerated as far as purchasing is concerned. >> absolutely. there is shorter holiday shopping season this year. it is actually four days shorter than it typically is. retailers are a little bit mixed in the small business community about it. some are saying that this holiday shopping season will be let better than last year. a third are saying it will be worse. a third are saying it will be the same. but having said all of that, they know they have to be competitive and they're determined to get that consumer's holiday shopping dollar. liz: other credit card companies are hip to this. i mean you've got
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jpmorgan chase's ink card. that doesn't have any cover charge. you guys have the american express gold business card. that is, i think 175 a year. do you find that, how do you convince small businesses to go with you, say for example, over your competitors out there? >> when times are tough, the tough get going. and american express is the major competitor, along with all the other card issuers. small businesses are attracted to american express because services is always in style. you can not get better service than any other company other than american express. for a business we can offer business sized spending and that is what they're attracted to. liz: lovely to have you. you're talking about things close to fox business's heart. we just don't go with the big publicly-traded companies. we long talked about small businesses as well. thank you, susan. >> thank you. i hope you shop small. liz: e yes, must. edgewater, new jersey. i'm right there. david, over to you. david: she doesn't shop small. she stops big at small stores. that is the key it liz claman.
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headaches keep coming for the rollout off the affordable care act particularly among state insurance commissioners. ceo for the national social of state insurance commissioners just met with the president to voice their grievances. we'll hear from former senator ben nelson coming up next. could the ncaa be finally forced to change rules when it comes to change paying college players? "wall street journal's" lee hawkins weighing in, here to fill us in, in a moment. hi honey, did you get e toaster cozy?
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liz: time for a look at today's market drivers. a record week on wall street with the dow, the s&p, and the russell, little trifecta here, closing at record highs. financials and health care were this week's top performers. >> >> oil posted its first weekly gain in seven weeks, snapping its longest weekly losing streak in 15 years. crude closing the week up to $94.84 a barrel. on the flip side we had gold suffering its biggest weekly loss in 2 1/2 months. precious metal falling 3.5%. david? david: liz, when millions of americans began getting their insurance policies canceled because of the new health care mandates they screamed to their state insurance commissioners, many feel betrayed by the false promises of obamacare. president obama says he will fix the problem but after all the
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other false promises about the law, this promise is viewed more with skepticism than anything else much the man who has to bring that skepticism into the white house is former nebraska senator ben nelson. the ceo of the national association of insurance commissioners. he is their ceo and welcome, senator, good to see you. i don't envy your job what you have to do is to try to find some compromise between a bunch of insurance commissioners who must be screaming mad and the president who says he is going to fix things but he is made promises in the past. can this thing be fixed? >> well, you know i don't think they're screaming mad. i think there are some commissioners who are in agreement with him. there are some states -- david: they're not in agreement with what is gone wrong, that's for sure, are they? >> may not be in agreement about that, but what they're in agreement about trying to take care of people back home. so states like california have taken certain steps,. south carolina, north carolina,
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have taken certain steps. kentucky has certain steps with a state-based exchange. so they're all working to try to take care of folks back home but it does raise questions about acutarial calculations for rates. ad very selection, if you create a separate pool of risks from those who were otherwise canceled, now would have their insurance extended and, reinstated. so, there are challenges and there are no question about it. and the commissioners, made their concerns known. david: you talked about the folks back home. the congress is about to get an earful from the folks back home as they go home for thanksgiving and christmas recesses. and they are screaming mad. i don't think it an exaggeration to say that you look at all the polls. look at cancellations. look at hikes inremiums. this thing was sold with a bunch of promise that are turning out to be absolutely not true. >> well, what the commissioners are trying to do is not get involved in the policy but try
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to implement what their laws provide for and what the bill itself has provided for them, responsibility and authority to take certain actions. so i know, many of them are struggling but some of them already decided we're going to do it this way. as i said they're going to do it this way. what they're joined, in trying to get the best situation for their folks back home. david: okay. here's the key -- >> express that to the president very clearly. david: but here's the key question, when i talk to insurance commissioners, i talked to a few. some of them are mad. some are very mad. you put it more diplomatically. but the key question whether or not you can force insurance companies to operate at a loss. and some of the mandates of obamacare are leading to that conclusion. that the only way you could keep certain policies is if you operate at a loss. a private insurance can't do that. >> well, look, that is one of the concerns that commissioners
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have. the solvency of the insurance industry. they're also asking questions about whether they have the authority, to require or ask insurers to extend. some are doing voluntarily. some are doing it because states have taken this action before president announced his position. so, there are, people are within, back home, i think should know that their commissioners are trying to do the best job they can under the circumstances, to, make sure they're taken care of. david: are you at all concerned, president proposed last week, in terms of way to fix the losing of all the policies, was unconstitutional because he is actually making laws as he goes along instead of putting it to congress. do you think first of all he has the authority to make the changes and secondly are you concerned that state insurance commissioners are going to lose some of their power to the feds? >> i don't think so in this
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situation. in effect what he has done he turned it back over to the insurance commissioners to find a way to try to do what he has suggested. it is not a mandate. it is not a statutory imposition on the states. and commissioners. david: what is it? >> it is a suggestion by the president through the hhs by saying they're not going to require, they're not going to enforce certain requirements. if they don't enforce, enforce certain requirements then it is up to the commissioners and industry to decide whether they would like to change the process that they're engaging in and the problem with that is, when you do it at the last minute you end up with these acutarial problems. the adverse selection problems and solvency issues becausep perhaps inadequate rates. so, they're sorting it out. they're doing their level best to do it. yes, some of them are very upset. many of them are disappointed and some are already made decisions to go along with the president's recommendation but
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others have already decided that they were able to do it their way. david: let me just talk about you, for a second here because your vote was one of crucial votes in getting obamacare passed. some people say you were promised certain things that didn't come out. you must be disappointed on that level level. when you look at all the false promise made, won't add a single dime to the deficit. clearly it will. you will not lose your plan period. clearly millions have. when you look at all of these broken promises are you sorry that you voted for this thing? >> look, i'm not, i'm, in my position today i'm not able to talk about the policy, or really even about the past. i'm here to represent the insurance commissioners in implementation issues, not policy issues. naturally everybody would like to have the rollout work smoothly. some of the states that have their own, many of the states that have their own, their own
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way of doing it had their own exchange, had grrat success doing it. so, this is a mixed bag. blame game -- it is not -- david: senator with all deaf rinse i it is not a mixed bag. it's a very negative situation here and it seems to be much more than a technical glitch. seems to be a fundamental systemic problem. you get it from all sides. you don't need it from me right now. have a wonderful weekend. have a wonderful thanksgiving. a pleasure to have you here. >> my pleasure to be on. david: liz. liz: doing good work at least attempting to. david: he is trying. liz: coming up we heard the argument time and time again, student athletes. well they may as well be professionals, right? should they be paid since universities are profiting immensely from these kids success? we'll tell you about a new legal case, flips the whole thing on its side, that could change the face of college sports. david: also the country's biggest toy-makers, are revealing the latest greatest
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liz: let's talk college ball. some college players are suing the ncaa for a cut of tv and other media revenue. numbers are huge but what makes this particular case interesting, these players, don't want access to the money until after college. david: joining us now is lee hawkins, "wall street journal" celebrity business reporter. he is in chicago today. good to see you. that is why he is not wearing a tie. he can get away with it. first of all, lee, how much money are we talking about? how much is college football worth? what is the big pie that they want a piece of? >> well it is worth billions of
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dollars and when you look at tv contracts alone, the ncaa's contract with cbs and turner sports, which is 14 year contract is worth $10.8 billion. all the different conferences have these contracts. billions of dollars of broadcasting and licensing revenues are brought in. the players want it in their class-action suit to get a piece of that. their class-action status was denied. now the court has ruled that individual players can come forward sue for a piece of that money. already the plaintiffs lawyers have said that individual players will be doing so. liz: okay. but they're doing it in a different way because there are still people who feel very, very conservative about this and feel that there are still students. they should not be paid to perform like professionals. this particular suit kinds of turns it on its head. almost forming if there were an award like forming a pension fund of sorts. is that correct? >> in some ways, yes.
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they would collect this money. the money would be set aside and they would collect this money after they leave the institution. these players do, they do disclose, they do sign documentation that says, that they can, the ncaa can use their image and likeness, but at the same time, the debate continues to rage on. i think this could be a critical step forward. let's say the fund is set up, and they require, that you can only get that money, if you graduate from college and put statute of limitations on how long you have to graduate. that would be great. liz: by the way, we just showed what kids get in scholarships. the ncaa would argue, that you know what? we give them money in scholarships. guess what, by the time all said and done, some of these students still end up in debt, david, because it doesn't cover entire tuition sometimes. david: that's true. the question is exactly who gets the money? it isn't spread around so
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equitiably. we can talk about that. there is organization, national college players association. this is the group sort of arguing on behalf of players. is a non-profit group. i wonder how soon they become a profit-making group? isn't this sort of an organization, if i was to bet my money on any organization, i would bet it on this one? they will make money at some point, do you think. >> lobbying is a business, and a big business. if they're able to pull this off, they do deserve some compensation because the implications are really, it is multimillion dollars and over years it could be billions of dollars. but reality still is that core debate about how are these young people using their opportunity to get, the free education that they do get. a lot of former players are bringing these claims but, when you think about, a four-year degree and what the value really is, a lot of them are not exploiting that opportunity. i interview a lot of these athletes and there are ways, if you're a lacrosse player, if
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you're, you know, to use the alumni network and they don't do that. david: lee, i'm sorry we have to wrap. got to ask, 10 years from now will the ncaa exist, yes or no? >> 100%. 100%. 100%. i'll be watching everything you can watch. david: just said 100, 100. lee hawkins, thank you very much. liz: he is cheering on my berkeley golden call bears. david: we'll see how they do tomorrow. >> wisconsin badgers. liz: yesterday we had some very interesting guests ahead of xbox one release. david: what is going on? what is going on. liz: zombie gladiators taking over set. can they complete with playstation 4 success? we'll talk about numbers of at break to let you know. what is hottest holiday toy this season.
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david: we head to the chicago, annual toy show is so much fun. hang with us. of the it is so much fun! quest: how old is the oldest person you've known? we gave people a sticker d 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 re you have the money you need to enjoy all of these years. ♪ lif's an adventure to when you're with her.and i. but your erectile dysfunction - it could be a question of blood flow. cialis tadalafil for dly use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequent or urgently.
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david: the country's biggest toy make remembers in chicago showing off the latest
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creations. liz: i love these stories. jeff flock is the perfect person for this. live at chicago's navy peer. take it jeff -- pier. >> for you folks i have toy invention royalty. do you remember simon? you know who simon is? howard morrison invented simon. look at operation. you surely remember that. that is the original prototype for operation. john invented that. john is it true you sold royalties of this for 500 bucks. >> 500 bucks and promise after job. >> did you get the job? >> no. >> lesson to all toy inventors. same honoraries son, 100 different toys. you're getting lifetime achievement tonight. congratulations on that. >> thank you. >> what is secret to your success? >> good imagination and motivation to make that imagination come to life. >> incredible. a great wife over there as welle
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on some of the latest toys. show me this one and what am i looking at? >> this is flutter by fairy. flies out of the palm of your hand. >> well, live tv is always a good time. how about this one? what is this guy here? >> this is zoomer. interactive robotic pet. one little command he willies into you. zoomer. go pee. >> oh. cute. >> what do you think, gentlemen? david: a peeing dog. >> time to clean up after the dog. >> clean up after the dog. david: i wasn't sure i heard her. she said go pee. the dog peed. liz: those guys are toy royalty. david: go pee. remind me not to buy that one. operation i will buy, but not the peeing dog. liz: set to hit the tape next week. we have reports you have to watch for. that is next.
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♪ e announcer ] this store knows how to handle a saturday crowd. ♪ [ male announcer ] the parking lot helps by letting us know who's coming. the carts keep everyone on the right track. the power tools iroduce themselves. all the bits and bulbs keep themselves stocked. and the doors even handle the checkout so we can work on that thing that's stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy.
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when you do what io, iyou think about risk.. today, cisco is connecting the internet of everything. i don't like the ups and downs of the market, but i can't just sit on my cash. i want to be prepared for the ng haul. ishares minimum votility etfs. investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectctus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss oprincipal. liz: let's go off the desk. remember these guys that joined me. that was a gal. she took over my desk on "countdown to the closing bell" yesterday. they were here with xbox's chief marketing strategist. they of course are gaming characters.
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eager gamers looking to get their hands on the new console. can it complete with sony playstation four with 100 bucks left. here is what he had to say. >> we do the best gaming system. better games lineup. 22 games. 10 exclusive, available tonight. liz: we'll get the numbers soon. we'll let you know. david: also "off the desk," department stores selfridges in london is selling bottles of the moet, fancy french champagne from vending machine. 6.5 fluid ounce mini bottle decorated with crystals. you scoff. you're not a drinker. that is not a bad price. that is half can of beer. liz: i like it. it is cute. we asked you on facebook and twitter if you think college ball players should get paid outright. mike on twitter told us. they shouldn't get paid. it is their first responsibility, education, not athletics. david: number one thing to watch next week will be september housing starts. they're set to be released on
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tuesday. economists are expecting starts to climb 1.9%. we'll see what happens with those numbers. liz: record day for the dow and s&p. we'll see what happens monday. david: "money" with melissa francis is next. melissa: economic terrorism. a newly-elected socialist to the seattle city council tells boeing workers in washington if the company closes its factory there, the employees should seize it. literally take possession of the plant. she is calling it democratic openership and it has got people up in arms. even when they say it's not, it is always about money. melissa: it is our top story tonight. see at el 's newest city council members urging boeing workers to take over the factory and

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