the money made if you listen to suntrust robert peck and his call now on twitter. and charlie gasparino digging into the report car like i may be buying up shares of his social media site. adam: peter hayes on the value to be had in muniz even as muni bond funds to 29 straight weeks of investor withdrawals. lori: we are the united states of renters. leaving people about the easy credit to buy, the what turned t renting isn't affordable either. the harvard study on those at the mercy of their landlords. adam: the hollywood blockbuster at the box office had a whopping 12 films. fighting for your movie dollars. but right now, general motors investing more than $1 billion in manufacturing plants right here in the united states.

live with a first on fox interview. jeff. jeff: exclusively with us, a big day in terms of an announcement. i am sorry, have to ask you this. you have a new job. >> i did the ad jeff. jeff: i know it is a dream job for you, but everybody tells us you were in the running to be the ceo. did you want to be the ceo? and are you disappointed, is any piece if you disappointed at all? >> start with the last one first, no, i have not done this job, it is a really good promotion and i'm honored to do it, people put me in the running for that and no one really ever asks me accept my boss and me have had that conversation.

i am 50. doing what i want to do. jeff: you are young. >> doing what i want to do is important to me and this is really what i want to do. this company, have worked too long and too hard, some of my colleagues to not do what i want in this company contributes a way they want me to contribute, that is what i am doing. jeff: this is your passion. >> i love people's reactions. i love seeing that, low ceiling dealer's reactions and customer reactions. jeff: how do you feel about this company right now? some people said gm is one of the most dysfunctional companies out there. you were in australia. >> how has it changed? >> how hasn't it changed. everything from what we're doing

here and the quality workers in our colleagues are putting out on these plants to the way things are designed to the way they are styled to the way we sell, change the way we sell cars, we changed our customer focus. if anything changed i could sum it up in a second, this be revenue-generating instead of a cost-reduction distressed entity. those are the big changes. i am just so proud of everybody. jeff: worked with her for a long time. how do you feel about her? >> i treated her within maybe a few hours, i can't remember. excited, really looking forward to it, w we're going to like ths up and hashtag ceo colleague, friend, huge. that is the way i feel about it. this is like when you grow up

with someone and something wonderful happens to them. something wonderful happened to me as well, but for her the way i feel about her, i told her i could not be more proud of you and to work for this company. i couldn't be. that is way i feel. jeff: we have been a lot of places, everywhere from the stock exchange. >> the stock exchange to the auto show, lot of different auto shows. thank you very much. jeff: thank you. appreciate it. he has to get shut up, siu will let him go, don't want to step on the boss, still the boss. adam: jeff flock, thank you. lori: stocks rebounded nicely. after two consecutive down

weeks, let's go to nicole petallides on the floor of the new york stock exchange for an update. nicole: i think jeff flock is a great man. the dow up 120 points. the dow got a nice rally out of the gate, up 1 and a quarter percent at one point. you are seeing buying across the board. we also have seen although not at the moment all 30 dow green. this is all a head of the fed. a big week on wall street and good manufacturing numbers from abroad in europe. wanted to talk about sprint and t-mobile, there is consideration happening as sprint may be considering this takeover, we will see what transpires from this. lot of details go with this report but i guess you get the headline. back to you. lori: see you in 16 minutes.

athis stock alert, shares of twitter down today despite hitting a new all-time high, stocks tumbling following a pair of analyst downgrades. one from our next guest, infect. in fact. he cut the social media giant to a neutral from a buy. want to remind our viewers first and foremost for the first analyst to initiate coverage with a buy rating as recently as six weeks or so ago. would have made a lot of money listening to you. shares have gone up too far, too fast. what did that was behind that move? >> people respect waiting around $20 or so for the ipo. we came in with a $50 target. the stock has more than doubled now, running 45, 50% in the last two weeks. a couple of things would've expected them to announce, but nothing truly material. has it gone too far. >> you're still extremely positive, but you are thinking

this evaluation mode catch up until 2015. >> yes, we look historically at the highest revenue, the highest multiple, about 28 times for linkedin, 17 times or salesforce.com, google got about 50 points. trading 250 times. little too far, too fast. lori: for comparison, eight to 10 times for something you would see. >> there about eight to 10 times. lori: was kind of a misstep, the user revolted, how much of a misstep to think that was? >> they immediately rectified the situation with the ceo coming out right away returning, listening to their community, great to see them be nimble like that.

lori: you do have a positive outlook on the stock, they like the management, what else to like about this company and where do you see the revenue coming from westmar from? >> you can plot out how they can get to three, four, $5 billion down the line. a lot of online advertising. e-commerce stuff and second screen opportunities related to tv. lori: if you are a twitter participant coming see those ads speaking up. i think that is great. >> it has been great for facebook, twitter, it will get more unique, add to cart within that unit itself. a lot of interesting stuff they can do. lori: and when will twitter turn a profit.

>> i don't think they're looking for a private near-term, they just want to show the revenue growth. lori: as twitter goes, so goes the market. some other internet darlings were actually up considerably. up 31%, so that suggests there is demand for value stocks here, but basically some of these analysts are starting to look at twitter as a benchmark for overall demand for you, do you agree with that? they just don't want to be run over by the momentum train and it is bringing the cost of higher. lori: great to meet you. >> thank you for having me. adam: there is money to be made in municipal bonds. my next guest says this asset class should be on investors buy list of 2014 despite the headlines from places like

puerto rico and detroit. joining me now, peter hayes, it is always a pleasure to have you here because you have insight into this helping people like me and our viewers making determinations about the future and you say despite the contraction, there is opportunity in 2014. why? >> detroit and puerto rico are not really indicative of the market. 3.7 trillion. these are two names investors are well aware of, they don't have necessarily scared investors out of the market. what i think more so it's really has been the fear of rising rates ever since the testimony in may, and that has continued. i do want to mention you talk about mean reversion of terms, we're not talking about the 2014, which would be about 590

for the asset classes return. it is going to be a lot less but the rise in rates talk about also created more income, so that is going to be offset to some degree by little bit of raisinrising rates. the cap might have positive return on income. it makes sense, if that is our focus for 2014. adam: ewald is going to boil it down, the rise in interest rates will be a better coupon for investors but when you add in return you get from the tax advantage nobody expects to disappear 2014, this is what you expect from 2014? >> that is exactly right. because of the nature of the income being exempt the highest marginal tax bracket, that is a taxable equivalent yield of 7%.

you have define to find a textie investment of that kind of yie yield. that is our premise. adam: we've had u.s. treasuries city are actually not going to bailout puerto rico. $70 billion in the hole, there was a report one city and puerto rico won't have enough money in one month to pay its bills. what is going to happen when they default on some of these bonds or attempt to restructure them. >> it is a really lot of debt. 70 billion for 3.6, 3.7 million. outmigration and contracting economy, seven straight years of recession. how do you grow your way out of it? it will not be a federal bailout, so only two ways. they cannot grow their way out, the other is to restructure. that is what we think we are looking at between now and the

middle of 2014 when the next fiscal year begins. adam: is that a haircut for people holding the debt? >> unfortunately that is what we think happened. it might mean less recovery value for one and more for others, but that that is what makes it hard and confusing for investors. that is what we think we are looking at, a haircut to bondholders, yes. adam: we've never been in this kind of territory before with so much on the line. what you are saying is there is opportunity for investors, and we look forward to having you back on fox business. thank you so much. >> take care. lori: call it the great wall of worry. why investors should not be complacent. adam: ukraine going hat in hand to russia. what john mccain told angry protesters in kiev.

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lori: really strong industrial production number setting the tone. a big rally with stocks holding up. the floor of the new york stock exchange to check in with nicole, you're taking a look ate mac as well with a major deal today. nicole: the deals are helping to push the rally today. we are looking at lsi. right now 9%, lsi 38%. and so we will see, but they're interested in buying 6.6%. the chips are already used in apple products but of course it will make them greatly more competitive. at immediate cash flow as well as saving them cost about $200 million in annual cost. a big day for shareholders up 39%. act to you.

adam: joining us with the answer, jo ling kent. >> it risks setting up a series of credit structures in 2013. the credit strategist and age are advising buying credit default swaps on chinese debt. we see the five-year widener at a cheaper and better way to hedge the china tail risk. reining in credit will not be easy. you may remember back in june if national market after hints people bank of china governor would be curbing credit lending rates in china skyrocketed. and then in october they held back on the quiddity operations and the market anticipated the central bank might put a break on credit expansion. bank of america wording is not alone. long time expert now chief strategist has a warning about credit since 2009 saying anyone

who ignores the signs of rising credit in china isn't paying attention. the tide is going out a lot of people in china who have never even heard of a bathing suit. the market down across the board with the nikkei and the shanghai composite bows down 1.6%. looking at what is actually transpired on the ground, it seems to roll back on credit has not been fully executed yet. new currency loans jumped in november, up from october. adam: jo ling kent, thank you very much. lori: holders of chinese debt may be nervous right now. corporate debt cannot seem to get enough. corporate debt buyers are demanding the smallest premium to own since 2007 before the financial crisis. the gap or the spread with high-grade u.s. treasuries is only 1.21 percentage points. versus 1.45 percentage points this time last year. a sign investors are growing

more confident in the u.s. economy. adam: disaster creates opportunity, if this is on the real estate market. harvard study. lori: northeast digs out from the winter storm. retailers worried about spending less this critical shopping season. ♪

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>> at 24 minutes past the hour i'm lauren green with your fox news minute. updating you on that bomb scare at harvard university, officials clearing two of the four evacuated buildings on campus. according to harvard's twitter page, thayer and emerson halls have been reopened by science center and sever hall remained closed. officials received an email threat this morning that explosives were planted in four buildings on campus. students were evacuated from those locations at around 9:00 a.m. we'll of course keep you posted on any new developments. new details emerging about the phony sign language interpreter at nelson mandela's memorial last week a relative of the man telling the associated

press that his cousin was among a group that burned two men to death in 2003 for stealing a television. he reportedly never stood trial because he was deemed mentally unfit. remember he was just an arm's length away from the president. those are the headlines. back to adam and lori. adam: lauren green. thank you very much. there a new poll that finds shop remembers feeling pretty grinchy this holiday season that means possibly more discounts. liz macdonald with the bottom line. >> pretty grinchy. this poll result from princeton research, bank rate monitor condition reflects the same mood we saw back in 2010 when the economy was really in a slump. the poll results of 1,000 adults now shows that four in 10 essentially, now plan to spend less this holiday shopping season, only, one in 7 say, they plan to spend more.

and this comes at a time when the respondents told princeton research that they are feeling more secure about their finances but, they are worried about their savings accounts, the amounts they have saved and flat-lining income breath. the other thing we're watching too, retail stocks have been on slippery ride. tj maxx, walmart, all trading off their 52-week highs. so this bodes ill for basically retail chains. we may see them dumping inventory by dramatically slashing prices and offering more discounts in the run-up to christmas day and even after that. back to you guys. adam: emac, thank you. >> sure. lori: dumping inventory is good news for shoppers though. adam: yeah, discounts. >> exactly. charlie gasparino is coupling up here. digging into reports that activist investor carl icahn might be buying up shares of twitter. adam: think your rent is too high? a harvard study confirms it is month to month way of life for households paying rent. the highest level in more than

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adam: back to the floor of the new york stock exchange to check in again with nicole petallides. how are we doing, nicole. >> it is interesting. i was checking oil at 97.59 a barrel. i was thinking about exxonmobil. exxonmobil is jumping with a new high. trading around the same level. this is 97.76 a share. so we're watching exxonmobil as they were upgraded today over at goldman sachs. they put a buy rating from neutral. they obviously expect growth for the company. they raised the price target to $190 up from 96, which it already surpassed.

they i the company is at a turning point in terms of production growth and capital intensity. so some positive comments from goldman, helping exxonmobil today, to move higher, hit a new high and lead the dow jones industrial average as well. back to you. adam: nicole, thank you. lori: not quite the american dream. a new study by harvard's joint center for housing studies find the u.s. has become a nation of renters, with 43 million americans, or 35% of all households renting, it is the highest percentage in more than 10 years. and they're paying more too. half 6 these renters are spending at least 30% of their entire income on the rent. joining me now is director of research for joint center of housing studies, chris herbert. chris, so wonderful to have you with us and before we get to the details of the findings of your study, curious how you're doing, coming out of harvard, bomb threat, were you involved in any

that, how are you doing, what are your thoughts on that. >> thankfully i wasn't involved. my office is located outside of the yard where those threats were located. it is quite disturbing based on what happened in april, anytime there is threat of a bomb, it sends shockwaves to the community and people are brought back to that day. initially people were upset and concerned. when it became clear it was not necessarily a live threat. that there were being very careful and checking buildings i think people did calm down but it was really quite disturbing at first. lori: i can imagine. thanks for sharing your thoughts with, chris. for the study, it found 35% of all-americans are renting their homes recently. what do you think is behind that. >> it is quite a surge, back in 2004, we reached a peak of 69% homeowner rate and 31% renters and there is quite a reversal. i think there are push and pull forces. on one hand with the collapse of the housing market.

literally millions of people were pushes out of their homes through foreclosure and renting. issue with housing market, with house prices falling gave people pause before they went back in. you heard a lot on constraints of credit making it difficult for people that want to buy a home. people are being pushed out of homeownership or difficulty getting into homeownership. other side of the coin there is greater appreciation for benefits of renting. downturn in the housing market highlight a risk of owning and benefits being able to move. if there is change in your job. being able to relocate as you need to. lori: right. the fact you switch. >> the fact you switch the responsibility to a landlord can be a benefit. >> the cost of renting for many folks has become outrageous according to your study. 27% of renters are paying half or more than half of their income to the landlord. is that the fair market right now or are some of these people being gougeed? >> i think, maybe some people are being gouged but i think it

is the fair market. house something expensive with rents going up with all the big shift into the rental market. we've had tremendous surge in numb renters. that contributed to rising rents. on the other hand we've seen a big fall in income. part of the story is high cost of housing. the part of the story is how much income falling an bottom half of the income distribution and struggle for people to make ends meet. lori: that is a good way to put it. where do you see both of those trends headed, employment and rent prices? >> i think we're at the worst of the affordability issue. we're starting to see renter incomes to show some signs of moving up. i think we've seen a tremendous increase in construction activity that will really start to come online next year or so which will help to increase the supply and bring rents down. but the challenge is, that we've fallen so far hyped, that gap has gotten so wide, if we start to see increase in incomes and moderation in rents, we have a long way to go to get back where

we were 10 years ago in terms of how much people can afford rental housing. >> you probably heard this as well. blackstone not too long ago spent $2.5 billion buying homes and turning around and renting them out s that doing more harm than good to the overall rental industry? >> i think for the most part it is for the good. at a time there was limited demand for those homes the black stones and like buying up homes and helping to increase demand for those units helped to, market find a bottom for markets where they're most active. i think that is for the good. certainly with increase in rent we've had there is certainly increase for supply and bringing those homes back online as rentals has been helpful. for the most part i think it is a market finding its way to a new equalibrium. lori: another part of the study i found interesting who is renting. you automatically think the single guy renting bachelor pads but not so. that is changing, isn't it? >> partly changing and partly

always been that way. i think we forget certainly the case that young people are much more likely to rent, they have the lowest homeownership rates at time of life when it makes much more sense not to be tied down to leave open to a move or new job or school or marriage, it has always been the case a lot of people in middle ages of life rent as well. just as many people between the ages of 35 and 54 rent as under the age of 35. there is nearly as many families with children who rent as there are single people who rent. renters are quite a diverse cross-section of the country. lori: fascinating talk. chris, thank you for your time. >> my pleasure. thank you. >> the free world is with you. america is with you. i am with you. adam: that is senator john mccain as he gave a speech in front of thousands of protesters in the ukrainian capitol's main square. demonstrators have been camped out in kiev for nearly one month after the president of ukraine at the last minute refusal to

sign a trade agreement with the e.u. senator mccain went on to say sanctions against ukraine would be highly considered by congress if ukraine sign ad trade deal with russia instead of europe. meanwhile ukraine's president is expected to meet with russia's vladmir putin in moscow over a possible loan to the crisis-stricken nation. lori: activists investor carl icahn uses twitter as a megaphone to get attention but is he putting his money where his mouth is? charlie gasparino's exclusive reporting. can't hardly wait. adam: a wealth of riches at the box office, but could it be too much of a good thing? coming attractions fighting for the movie dollar as moviegoers feel overloaded. ♪ ♪ [ bell ringing, applause ]

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>> i'm jo ling kent with your fox business brief. the energy department says domestic oil production will surge to a near all-time high over the next two years. according to the department's annual outlook, u.s. oil output could reach 9.5 million barrels a day, just under the 1970 of 9.6 million barrels per day. industrial production in november jumped by the most in a year led by rising auto out put the gauge increased 1.1% double

the .5 increase. >> >> fda has tighter rules on anti-bacterial liquid of soaps. there is no evidence that germ-killing hand soaps or body washes that they're more effective than regular soap or water than preventing illness or effective. chemicals in these soaps could interfere with hormone levels. that is the latest from fox business, giving you the power to prosper.

adam: rumors flew last week that billionaire investor carl icahn was buying shares of hot microblogging website twitter. but charlie gasparino is here to lay that rumor to rest. are people pulling their hair out? >> we should point out twitter is down after downgrades. adam: $64 a share today. >> it has been a downgrade. last week, adding to momentum

was a rumor out there carl icahn, the billionaire investor, he is one of the great investors of all time. adam: cover of "time" magazine. >> really good this year on a lot of things including herbalife and dell. adam: dell. >> you name it. he has done some good stuff this year. the rumor carl was in the stock, was in twitter, was a buyer. we should point out carl has no comment. we know this from people close to mr. icahn he is not a investor in shares of twitter. he likes the company. uses the service and very well. adam: uses quite a bit. >> from what we understand, people close to the matter tell fox business network that carl icahn is not in the stock. the bottom line while he likes a loot about twitter he thinks it is too expensive. does that mean he will never be in the stock? i don't know but we don't have a line to him but i tell you this guy is usually good figuring out, we've had him on. you listen to him. he talked about undervalued companies. he thought herbalife was

undervalued after ackman took it down after ackman launched his infamous short and he lost over 500 million. adam: maybe this company goes private. right now trading 69.31 a share, herbalife. >> it is down. adam: it is up today. and up for the year. >> you sure it is up today? adam: yeah. >> i thought it was down a little bit based on analyst reports? adam: no, we're up right now. >> okay. in any event, you know, we can point out that it is not up because carl's in. it is to my understanding is not in the stock. i think it is off its highs. adam: the high was 70 bucks but you talked about herbalife going private. icahn would certainly like night listen there is a lot of stuff that can go on with herbalife. we're talking about twitter. adam: twitter he thinks it is overpriced. we have bob beck on who made the call from suntrust that twitter would hit $50 but he downgraded to neutral on twitter. this big question is when is

this company going to make a profit. lori asked that, when are they going to make a profit? >> here is the thing about twitter, carl didn't tell me this and he is thinking in this fashion and a lot of tech investors should look at in this fashion. look at facebook, you were skeptical even out of the ipo. why is it? declining revenues. they didn't seem to have their hands around a coherent business model, business plan going forward. then they got one. adam: right. >> cheryl samberg came in. she was there already. started righting ship, meeting with people on wall street. they did stuff with their mobile application. adam: did more than stuff, their revenue was dramatic from mobile. >> right now you could make the bullish case that they basically improved, that you could buy the stock because they're improving the business. twitter, listen, i don't tell people what to do. my common sense tells me this company needs to show the investing public something. listen, we talked about how

wall street is short-term oriented? there is something good about that. when companies perform, that management lives up to expectations. these guys have to live up to expectations. until they do, i don't think you will see carl icahn in the stock. adam: your sources close to carl icahn, which you can not release -- >> i would tell you if i could. i don't lie about this. adam: has he ever publicly said what price would get him to come into twitter? >> i don't know that level of detail. i assume it is lot lower than that. adam: some analysts say you should buy twitter below 40 daldollars but it hasn't been there. >> you have investors. it is benefiting from facebook's incredible run up when they started improving themselves. adam: investors love tech. >> that is why they moved up the ipo from last year. it was originally scheduled from next year, because they wanted headwind going into tech based on success of twitter recently. remember that is why they're

doing it. that may not last forever. at some point twitter is going to have to prove itself. i can tell you right now from everything i know, and i do, we do have calls out to mr. icahn, it has not proven itself to carl icahn yet. adam: charlie gasparino, thank you. >> okay. lori: let's get a market check for you. of the keith bliss of catone and company joins from us the floor of the new york stock exchange. keith, we're seeing the dow up 120 points. we're coming off two consecutive weeks of losses. strong industrial production this morning. some economists say u.s. has reached escape velocity. we have the fed tomorrow. i'm throwing the whole pie at you here. make some sense out of it where the market goes from here. >> lori, i dare to say basically given up making sense of all this stuff that gets thrown at us all the time. when you look at it there are a few key points from the economy that absolutely are humming along nicely, industrial production being one of those. one of the key numbers, productivity and costs.

costs were actually down which means there is no wage or price pressure inside of the economy. if the fed, after sitting on fed share which janet yellen always said, they're risk of doing too little is far greater than doing too much. they may make wait a couple months to reach escape velocity. that gives them a lost wiggle room. they already said they need to get inflation pack up to 2.5% before they ease off the gas pedal. lori: outside of the fed is there anything else that could be a strong driver for u.s. equities? >> we're in strong seasonal pattern. over the last one hers, equities are up 100% in december. there is no change for that. we think at end of this month you will see retail money start to come into the market because they're not getting paid on passbook savings account or anything on the bond side. they will come in and chase that we think it's a nice tailwind that will take us through the end of the year. lori: great point. haven't heard that too much lately. keith bliss. see you soon. >> my pleasure.

adam: the holiday season is big for movie releases so what was leading the box office last weekend? "the hobbit: desolation of smaug" with $73 million. disney animated film "frozen quote came in number two with 22 million. tyler perries a madea christmas, without a hypen came in at number three with 16 million. "american hustle", corescorsese and de niro boxing flick grudge match and much hyped "anchorman 2" will bring the number of whopping 12 films the most in recent history. 12 -- lori: that is lot. adam: 30 coming out of the whole month. lori: "frozen" outstanding. adam: kids gave it a thumbs up. lori: see a lot of them. kayak catering to the nautical crowd. adam: the ceo on the shared

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lori: breaking news. direct your attention to shares of twitter. the stock is extending loss, down $2.72. charlie gasparino reporting that activist investor carl icahn is not a investor in twitter. shares are down following two downgrades by suntrust. robert peck says he doesn't expect twitter to be profitable until 2015. wells fargo issuing a downgrade of twitter shares. adam: twitter is nowhere selling into the sunset but you can sell into the sunset. you need yacht in a hurry. get me my boat is sailing its way through the booming shared

economy with peer-to-peer boat rentals. we have the cofounder and ceo of get my boat. he joins us live from san francisco to talk about this and very simply if i need a boat i go to your website or your app and i get a boat, it is that simple? >> it is that simple. good morning. thanks for having me on. bet my boat is actually the world's largest peer-to-peer marketplace for all things boats. we have over 11,000 boats in 1100 locations in over 80 countries. anyone can go on the website. we have iphone app and android app. whether it is stingray tours in thailand, shark diving in south africa, sailing in annapolis or fishing in florida, we've got it for you. adam: let me, if i go to the boat, getmyboat app, does it cost me through you or private negotiation with the boat? are we talking about a huge yachts or my cousin's leaky

canoe up in maine? >> absolutely. it is very easy to go to the website. anyone can do it. many of our owners actually take out the novice users and we do encourage our owners get boating license information, boating resume's. we also offer insurance through a partner with x insurance and they're affiliated with lloyd's of london. we offer security for boat owners an renters when they're out on the water. adam: give me average boat. for instance, bring up maine. i rent ad boat last summer. i don't have a boat license to operate a boat in maine. i think all you need is driver as license. if not i think i busted myself on television, but the average boat, can you get a gigantic yacht and how much? >> it varies by owner to owner. you may see kayaks in california that go $15 an hour or up to several thousand dollars for a yacht in croatia. market conditions vary from state to state.

we do encourage owners to get with renters ahead of time to discuss what local licensing agreements might need to be in place. adam: the key here that you have the ability to get insurance, if you don't, i just got to ask this question, we've seen this with the car rental version of this business model, there are questions about who is actually responsible should, god forbid something go wrong. is it you have to get the insurance when you rent the boat or is that up in the air? >> it really does vary from state to state and,, i mentioned worldwide it varies country to country. we have a partnership with x insurance. they have offer insurance rentals by the day, by the week or by the month. it gives owners and renters peace of mind in situations where you do need insurance. adam: very quickly, last question, average rental, do you have a metric you're allowed to share with us, what people are spending when they do this? >> our average rental right now is for two or three days an

spans several thousand but i would like to point out we do have hundreds of options that vary by price point as low as $15 an hour like i said up to several thousand. the world is your oyster to get out on the water. adam: sounds good to me. i will be sailing up the east river. all the best to you. the website is getmyboat. get the app as well if you want to go boating. >> thank you. see you on the water. lori: i hope. especially this time of year here in the northeast. adam: get a suntan or frozen tan. lori: that would be fantastic. will the feds be the grinch that stole the stock market's christmas rally? not today. your tweets and our expert panel debates whether the fed will begin to taper at this week's fed meeting. we have ashley webster and cheryl casone on "markets now" , i could ll a box and ship it r one flat rate. so i kn untilt was full.

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ashley: i'm ashley webster. the dow is soaring but will the fed be the grinch that stole the stock market's christmas rally? that is the question. your tweets a expert panel debates whether the fed will begin to taper at their latest meeting which by the way begins tomorrow. cheryl: in cuba, president obama shakes the hand of the leader spurring outrage. why it may be time to end the u.s. embargo to the island nation. ashley: plus dumping gold. investors getting out of gold etfs at the fastest pace ever. sandra smith investigates from the cme. cheryl: superfast, animal-like robots with strong ties to the u.s. military. why is google buying the company that is manufacturing these real cool robots. ashley: that is george lucas movie. that is disturbing. we'll have so much more on the superfast paced and robotic hour of markets now. we do a lot of robot stories recently. cheryl: it is fun. ashley: it is very cool. cheryl: ashley, thank you for

having me on the 2:00 p.m. hour. ashley: pleasure. cheryl: as with stocks we do this every 15 minutes. nicole petallides on floor of the new york stock exchange. markets are talking about the fed, there is nothing else. >> you're right, the fed is a top, top story, cheryl, absolutely 100% correct. the 17th and 18th are days we've been eagerly awaiting on. right now the dow is up 143 points. seems taper, no trader, investors talk about the 10 or $20 million of tapering maybe not. we're having $80 billion of bond buying each month. we have a lot of mergers and deal talk. that may be fueling this rally as well. we've had two weeks of selling. don't forget has week was a tough week for the s&p 500. today we're up about 1%, 149 points to the upside. we'll talk about aig a little later, some news there but other deals moving things along. energy and telecom as leaders

today. but i can tell you, cheryl and ashley, we've seen all 30 dow components, there is buying in just about every sector. ashley: certainly has nicole, thank you so much. as the market tries to figure out what the fomc will do wednesday, who isn't, but the fed is celebrating its centennial by the way. we're all over the markets and the fed. peter barnes, greg valliere potomac research strategist, they are in washington. our very own liz macdonald is in the studio with us. let's begin with peter. >> hey, ashley. that's right, you can see paul stroller, former fed chairman stepping up to the podium right now. the official 100th anniversary of the fed is december 23rd but the fed is holding this celebration today. ben bernanke will also be peeking as well as former chair alan greenspan but the republican chairman of the house financial services committee might be trying to rain on their parade a bit announcing what he calls the most comprehensive,

ambitious oversight of the fed ever next year. more than a dozen hearings and a bunch of studies examining the fed's mission and programs especially quantity quantity. chairman jeb hensarling a frequent republican fed critic, says his goal is legislation to reform the fed. >> we have a handful of individuals, appointed for 14 years who are unaccountable and frankly, i'm sorry, unelected and relatively unaccountable to the people and they have incredible power over our economy. and so again, we're not trying to prejudice the results but we have to take a very serious look at this. >> hensarling says any legislation will grow out of the findings of his committee's work but sound like he wants more checks on the fed. the top democrat on his committee is pushing back however, maxine waters, says, quote, before we contemplate legislative changes to the fed

or its mandate congress should allow the fed to finalize the important reforms included in the dodd-frank act. we should not rush into reform of the fed itself merely for the sake of doing so. ashley? ashley: peter, thank you. cheryl: peter, want you to stay with us because the question for all of you in the audience today, will the fed be the grinch that stole the stock market rally? we'll show the tweets at the bottom of the screen throughout the show but, greg, let's start with you on this one. basic question. do you believe there is a good, strong chance that the fed will begin to taper this week? >> i think so. i think the final straw was last week when we got retail sales that were much stronger than expected. we got a budget deal. it wasn't a great deal but all uncertainty over fiscal policy is gone for a while. i say the odds are maybe 60/40 they begin with only $10 billion reduction, half treasurys, half mortgage backs but i think it starts next week. ashley: liz, let me ask you,

there is thin liquidity this time of year. whatever the fed does it will rock the markets a little bit. that could put the fed off from beginning tapering. what do you think? >> thin liquidity, where is the bank borrowing, money printing. ashley: lending. >> it is going towards stock buybacks. i don't think the fed tapers. wells fargo is sticking to its prediction that the fed starts tapering first quarter of next year when janet yellen comes in as fed chair in january. ben bernanke term expires january. will this be the last thing he does is tapeer? that is on the minds of wall streeters. the answer is no, he will not stop the taper as last act of outgoing fed chairman. the other thing, by the way janet yellen is the only voice that really counts. she has been very dovish, we know that. job growth is tepid at 200,000 a month. not basically great versus last year at 150 k. we have a debt ceiling fight in february.

that's another event. cheryl: peter, that's a good point to you. it is all about obviously the data and they obviously maintained and surprised the markets and surprised us in the media, tapered start to do stimulus or taper, whatever, they don't, we're always sitting here shocked they did something but they come back and say we told you it is data dependent. we don't have 6.5% unemployment. until we get that number they keep saying to us don't expect anything. do you believe them, do you buy it? >> just remember the six 1/2% unemployment figure applies specifically to the fed fund rate and starting to raise that once they get done with the qe and the number that we've been looking for on the taper side of qe is the 7% figure for unemployment that the fed chairman bernanke talked about earlier this year. we're already there. so definitely the data has been getting better but one thing that argues against tapering this week is the inflation numbers for the, coming way in

under the where the fed wants it at 2% target. running less than 1% right now. so what do they have to lose by waiting? ashley: well that's true. greg, quickly, we also have a lot of changes, not only janet yellen, we have a new vice-chair, we have a new president a new governor. we have all sorts sorts of changes. would it make sense to hold tight until you get the new crew in to impose their own policy. >> it is possible they don't do anything. i could be wrong, it has happened before. if they say next week they do not move there will be a statement they will move later in the winter. i think it's a question of when and i think it is pretty soon. cheryl: ashley's point all the chatter about stanley fischer formerly running the bank of israel and could be vice-chair. some say he is overqualified. the makeup of the fed, not just yellen will dick state policy -- dictate policy of course she is

consensus builder. i've been studying her history. i think she will be the overarching voice to listen. what the banks are saying on wall street and saying about the effect of taper on the economy and where animal spirits are not there yet, we don't have real job creation. business investment in software going up 1/5 of 2007. replacing jobs, right? that is a big thing, right? to the point of rate hikes you have the federal reserve bank of cleveland saying that is 2016 event. they may move the goalpost on what peter was talking about inflation target could be 1.75. if we get weaker inflation number 1.75 versus 2% you could see a rate hike coming. ashley: peter, you asked mr. bernanke's questions and his last press conference. so he didn't see the housing bubble come but you could argue his legacy he did repair the damage even though not popular in some quarters, he was very

good once he got into action, once this housing crisis became a reality. >> yeah, he will definitely go down in history as a consequential federal reserve chairman. tomorrow at the press conference i want to ask him about this budget deal that was reached last week on the hill and approved by the house with the senate. that was one of the reasons. fiscal, uncertainty, fiscal gridlock was one of the reasons that the fed said it wanted to keep up the qe, keep up the stimulus. ashley: yeah. >> that's gone now. so what does he think now, now that is taken off the table? cheryl: all right, peter barnes, greg valliere, liz macdonald, thank you very much. a lot happening on wednesday when we get the decision. as peter mentioned he will be there at the press conference -- always asks the best questions. ashley: asked him about the gridlock in washington. we already know what he will ask. give him bernanke time to think about it. sprint reportedly eyeing a buyout of t-mobile.

a consumer group says why your cell phone bill could go up regardless of carrier. cheryl: looks like a white christmas. snow is coming to the big cities of the east. however could ruin tomorrow morning's commute. we're live in the fox weather center. ashley: creepy animal-like robots. look at that. this is robot cruelty right there. why google has bought up to eight robotic companies in the past six months. they will take over the world. cheryl: they don't have feelings i guess. i don't know. ashley: looks like it is river dancing. cheryl: oil is trading right now as we head to the close of that particular contract. we're losing ground on oil. last week it was over a percent to the downside. life's an adventure when you're with her.

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stop takg cialis and get medical help right away. ask your doctor about cialis for daily use and a 30-tablet free trial. you can separate runwayridi. (voseeker of the sublime.ro. from fason that flies off the shelves. and you...rent from tional. because only national lets y choose a car in the aisle... and go. you can even take a full-size or above,nd still pay the mid-size price. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. ashley: investors dumping gold etfs at the fastest paced ever. some believe it will push gold to some believe the 1,000-dollar mark.

sandra smith in the cme with today's trade. sandra. >> sort of the chicken and egg scenario, holdings in gold etfs because the price of gold has come down, investors lost interest in it. when they're selling holdings in etf it puts more gold into the market and that is what is happening here. we have a very accurate precious metal forecaster over the last several quarters, she is calling for more etf selling in 2014 and she says that will continue to put pressure on bold. that speaks volumes for all those analyst who is are calling for gold to drop to 1,000 or below in the new year. that being said, guys, here is what we're looking at here, gld up a little bit, with the price of gold up 10 bucks. gld, the largest gold etf on the planet. ashley: it lost a quarter of its value over the past year. all the money comes out of exchange traded products in general, holdings in the 14 biggest exchange traded

products, more than just gold, have plunged 31% since the beginning of the year. this is the first drop, annual drop we've seen in etps dating back to when they started trading in 2003. this is a markable move, guys, and about $70 billion of etp holdings come and is expect to exacerbate selloff. the analyst in soc-gen is making the call on selling in gold in general saying all bullish backers pushing gold up past several years have now reversed. so a very big call for, from her, guys as we continue to see investors really running for the exits when it comes to gold. back to you. ashley: sandra, thank you very much. remarkable numbers. of course if the fed tapers more money out of the gold. cheryl: there you go. nothing gold here. quarter past. time to check the markets. on the floor of the new york stock exchange. you're taking a look on twitter

a lot of analyst action on twitter, nicole. >> there is a lot of analyst action. we had upgrades and downgrades and carl icahn talk. start with the stock. the stock is down nearly 5% after moving higher and hitting a high. at 56.16 right now. analyst downgrade which you're referring downgrades from both wells fargo and also suntrust. right now the stock is pulling back and it is up about 35% this month. a big piece of news, and our own charlie gasparino has been all over this one, according to sources and charlie said this on the 1:00 p.m. show, carl icahn, although he uses twitter and likes the company, is not an investor in the stock. so of course you know when carl icahn touches something it usually goes higher. if he is not an investor and that turns out to be true there might be some selling off. that may provide some of the move today as well. cheryl: certainly. i saw charlie's reporting in the last hour. fascinating. thank you, nicole. >> thank you.

cheryl: we're getting breaking news on fox business right now. a federal judge ruled the national security agency program which collects information on nearly all telephone calls, this is the nsa, made to or from within the united states is likely to be unconstitutional. the u.s. district court judge found the program appears to run afoul of the fourth amendment on prohibition against unreasonable search and seizures. collecting the so-called metadata that helped to head off terrorist attacks. the judge issued preliminary junction barring the nsa to collect metadata of one person. they allowed a stay for an appeal. on "60 minutes" a lot of fingerpointing from the nsa. they will not allow leniency for edward snowden faces prison time or this is the way it is going to go. ashley: interesting ruling from the judge. general motors is looking to invest more here in america, announcing plans to spend over a

billion dollars on upgrading five plants in the united states. jeff flock is live from the gm assembly plant in flint, michigan with more, jeff? >> chief among them, ashley, this plant here in flint. as you see the big sign, investing in the future. $1.27 billion as a matter of fact, in those plants, most of it here in flint. this is where they make the chevy and gmc pickup trucks. maybe you see, this is a rare look live at a gm truck production line. the announcement made by gm north american president, currently north american president mark rice. i had to ask him the question, was he disappointed packed over as ceo? >> does any part of me disappointed? no. i haven't done this job, it's a good, really good promotion and i'm honored to do it and, you know, people put me in the running for that and, no one really ever asked me except my boss and me, my current boss,

dan akerson and you know, i'm 50 and, doing what i want to do. >> you're young. >> doing what i want to do is really important to me and this is what i really want to do. >> he indeed is 50 and that is code for, maybe somewhere down road i wind up ceo. speaking of ceos, dan akerson speaking at the national press club a couple headlines, taking swipe at ford. everybody points out the loans gm has gotten they paid back. ford actually hasn't paid back its government loans it got as part of energy department loan package that it got. also took a swipe at tesla saying the volt, which they invested in today, announced another investment in the volt plant, the volt has never had a fire. one of our competitors said did, talking about tesla. dan actor con going out, fists up. ashley: laying down the gauntlet. jeff flock, thank you so much. cheryl: great stuff, jeff. it is beginning to look a lot

like christmas. ashley: don't sing it. cheryl: nope. snow coming to the big cities of the east early tomorrow morning this will be a good commuting issue for those in the northeast. what is happening across the rest of the country? january thinks dean the weather -- janice dean the weather machine is coming up. ashley: you will not believe how much yahoo! is paying katy couric to be its part-time global anchor. cheryl: coming up next, a bomb scare this morning at harvard university. it happened in the middle of exam time. up-to-the-minute coverage next in your fox news minute.

>> at 24 minutes past the hour i'm julie banderas with your fox news minute. updating you on the bomb scare at harvard university, officials clearing three of the four evacuated buildings on campus, thayer, emerson and sever halls remain open while science center remains closed. firms received a email threat this morning that explosives were planted in four buildings on campus. students were evacuated from those locations at around 9:00 a.m. the united nations will need nearly $13 billion in aid for the upcoming year. among those receiving relief, the millions of syrians displaced by the ongoing

civil war. according to the u.n., it is the largest amount ever at requested at the start of a year. the megamillions jackpot is soaring. up to $586 million, making it the second largest prize for the game and fourth largest overall in the united states. the draw something tomorrow night. the highest jackpot ever was 656 million. that was split three ways back in 2012. those are the headlines. back to cheryl. somebody will have a very merry christmas. cheryl: yes, they are. maybe it will be us, julie. see you downstairs in an hour. we'll buy our tickets. thanks, julie. schools and roads still closed after a weekend storm dropped more than a foot of snow in some parts of the northeast. there are reports that more snow is on its way to the midwest. janice dean standing by in the fox weather center. you are our weather machine. what do you know, janice. >> more snow towards the northeast, the great lakes and ohio river valley and midweek into the latter part of this week we could see another storm system originating from the

northwest. we'll watch that. but first of all look at your temperatures, still cold across the upper midwest, great lakes towards the northeast but we're warming up over the south. look at dallas, 63. you have been into a deep freeze for two weeks now. you're enjoying that. los angeles, 83 degrees. with the wind it feels even cooler than that across those regions. this is the our next weather-maker. it is called a clipper system. we have two of them. fast-moving storms that originate from canada. the first one pushing across the great lakes and eventually towards the northeast, just in time for the rush hour tomorrow. if you live anywhere from philadelphia to d.c. you could get a hit of some wintery weather, up towards new york for the rush hour. another quick hit by tuesday evening. keep that in mind especially traveling airports. you will see delays and maybe cancellations. call ahead. you know the drill. snowfall, one to three inches generally speaking. some areas could get higher totals over the mountains and in

towards new england, for the northeast, still cool. we'll see wintry weather on tuesday an wednesday. we'll warm up the next couple of days. but cheryl, watching that system across the northwest, it may bring more snow for a white christmas for a lot of folks. there is the silver lining. cheryl: the northwest and the northeast. >> yeah. cheryl: skiing and misery in new york city. awesome. >> want to show you real quick map much there is the snow depth. there is where we're seeing snow across half of the country which is quite remarkable for this time of year. cheryl: looks good. just doesn't feel good when it hits. janice, thank you. >> you got it. cheryl: i love her. ashley: more snow right there. it isn't officially winter yet. grins on the 20 first. throw that in. cuba, president obama shakes its leader's hand spurring outrage among some. coming up why it may be time for the u.s. to end its economic embargo of the island nation. cheryl: france report --

sprint's reported plan to buy it. mobile, a big win for consumers and businesses and what it means going forward. we'll take a look at the numbers behind the dale.

it eliminates significant leverage. this is great news all its ugly. ashley: all right, nicole. thank you very much. president obama shook hands with the cuban president raul castro last week that nelson mandela's funeral. that simple gesture has observers speculating whether or not the u.s. is ready to ease its trade embargo.

i take that question now to ian vasquez, the cato institute director of the center for global liberty and prosperity. let's begin there. thank you for joining yes. should we see anything more than just it being a handshake? does this signal a change in u.s. policy toward cuba? >> i don't think there is any indication of that. i don't think the handshake was a big deal. we have had an embargo against cuba for more than 60 years that this very president has supported. cuban communism has been in place for even longer and lives of ordinary cubans and not going to change or improve until the castro regime actually introduces major reform. that is not happening, and it is not about to happen. i do not think that the handshake in south africa is going to change that reality. cheryl: based upon what you just said, the embargo is not working if it is intended to bring about -- it is almost in protest to have a cuban citizens are being treated by their government. to me it does not seem like it

is doing anything and we are just tuck in limbo. >> the embargo has been in place for more than five decades. it was intended to dislodge the castro regime and bring democracy to the island. that has not happened. we have to rethink the policy. what has been accomplished is that it has given the castro regime a perfect excuse to explain away the poor conditions under which ordinary cubans are living and to blame the united states for the misery that actually the policies of the cuban regime have caused. so eliminating this embargo, i think, want to bring a lot of investment and a new amount of trade to cuba. you know, eliminating the embargo is not going to save communism from its flaws, but i do think that it will eliminate that handy excuse and clarify things on the island and for the whole world to see the failure

of cuban communism. ashley: that is true, but there is virtually no private sector in cuba. the only people that will benefit from it would be the government entities. >> well, that is an important concern, but as i say, if you lift the embargo, you are not going to get a rush of investments. it is not a good place to invest. it is a communist regime. we should not be worried about our free market system somehow saving communism from its own flaws. at the same time, i think that the most important aspect is actually the travel embargo. and that can have been marginally positive effect because you would see an increase of hundreds of thousands, maybe even millions of americans visiting cuba each year and interacting with ordinary cubans, bringing new ideas, engaging with them in a lot of different ways, including to business and including the informal economy. this will have the effect of making them more independent,

and i think that that is corrosive to the communist dictatorship there. and to the extent that we can help promote that is a positive thing. cheryl: interesting. do you think the -- do you expect any change in policy within the near future, and i mean within the next five years, perhaps? >> within the next five years definitely because the casters are going to die at some point. and i think that once fidel castro dies you are going to start to see changes in cuba. no one in cuba, including people at the highest levels of the communist party is happy with ts are. they are interested in improving their conditions, even if that means marginal reforms or some reform along the line of china and vietnam which would be a positive thing. when fidel dies it will be a signal for those reforms to start happening. ashley: we think. we will have to wait and see. thank you for joining us. we appreciate it. >> thank-you.

cheryl: sprint's plan to gobble up t-mobile is good for investors. we have a guest says this deal is anticompetitive. that is coming up next. ashley: mcdougal monster robot plan. cheryl: i hate that part. ashley: he believes there is actually someone in there. the tech a minute. we will explain why they are buying up all of these are what companies. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform

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buy t-mobile. things have changed, especially now when you have cable companies getting into the game of data and moving data around. don't you think that at the same time there will be more competitors trying to get in, especially when companies like verizon don't have enough bandwidth. >> you know, what i worry about is a few dominant companies sucking up all of those airwaves and really dominating. and so i don't think there is a lot of opportunity for new

players to get in which is why we agree with the justice department that this market really needs at least four major competitors, and we have seen since that at&t t-mobile deal was rejected we have seen a lot of really important things get done. allow people to get out of contracts, unlocking all sorts of different offerings that benefit consumers. so we would like to see more of that in the market cannot more concentration. cheryl: these are businesses. and businesses, right now, i mean, you have verizon, at&t. some are arguing in the business community industry in particular that those are the dominant players that no one else will survive. sprint's thinking, and i cannot speak for the company, their problem sanctimony to survive and become a true competitor to verizon and at&t. we can only do that if we merged . wouldn't you rather have three and two? >> i would rather have three and two, but i would rather have

four and three because that is the only way we will get real competition. cheryl: but the business can survive, if they're out of business it does not matter. they can't make money -- it's a competitive business. rates are coming down, the price on devices are coming down, and they know that. that is what they are facing in this market. a very rough, cutthroat business, as you know. >> and competition as a consumer, that is exactly what i want to make a throw business that makes my monthly bill less. that is -- a we have now is some competition in the market to lose a major competitor like t-mobile is this going to be bad news for consumers on a monthly bills. these companies are making lots of money. they will continue to make plenty of money. these are companies that are profiting off of the public airways. the public as an interest in having some choices so that we can get the best deals. like every other kind of technology, those prices will continue to come down. right now the companies are taking more and more out of my pocket and a lot of consumers' pockets every month.

cheryl: i will say that the margins to appear to be at&t, verizon connaught somewhat sprint and t-mobile, but i want to ask you, have you talked to the department of justice? will you be talking to them? if this deal does happen, you can bet there will come out and say something. >> absolutely. we will be reaching out to the department of justice and the federal communications commission that would have to approve a deal like this. sharing research on just how concentrated these markets are and making sure they hear from the public interest as well as the companies before a deal like this moves anywhere. cheryl: standby. your phone will be ringing first half of 2014. greg erin of free press. thank you very much. all right. ashley. ashley: it is a quarter till, time for stocks as we do every 15 minutes. that set down to the new york stock exchange. joining us on this monday afternoon. we lost ground on the dow, here

we are monday of triple digits. of course all the talk is about the fed immobile while the buying today? >> following about pretty strong seasonal pattern, which we always did in december. a market is good. so what you see at the beginning of the month, especially in a very high up year like we had this year you will find a portfolio manager starting to do some tax selling. the beginning of the month, clearing up the losers of the portfolio. and in the market will stabilize. that puts pressure on the market. toward the middle of the month, the end of the year we see an up market coming in. people are coming back a little bit. we have a lot of retail money that should be coming into the market and chasing a little bit because they have gotten absolutely nothing and other savings accounts or bond holdings. that is our full expectations. ashley: one question, five seconds. does the fed taper or not? >> no. no. cheryl: thank you so much. ashley: appreciated.

>> my pleasure. ashley: time now for your take a minute. watching so much video on our smart phones that verizon is being forced to spend millions to upgrade its network. the cellphone carrier is being caught off-guard by the onslaught of data traffic contributing to what its executives had acknowledged his performance decline in key cities such as new york, chicago, and san francisco. verizon blames the dogs like netflix and amazon instant video options for the surge. up over 8 percent for the last year. today also up nearly another 1 percent. is she worked it? yahoo reportedly paying katie couric $6 million to be its global anchor, but the job will be her secondary focus as she finishes up the second season of abc talk-show katie perry company is paid 20 million to produce that show. the job at yahoo is still somewhat unclear.

the company has only said that she will lead a team of correspondence. by the way, hitting a new 52 week high. just down slightly a bit. and we have been showing you this video, quite mesmerizing. cowell's growing a robot menagerie. how cool / freaky is this? confirming its acquisition of boston dynamic, and engineering company that has designed mobil research robust for the pentagon, military. in an international reputation for machines that can walk with an uncanny sense of balance. they can also have a jeter like ability to run faster than the fastest human. that is just -- they have purchased a robotic companies in the past six months. of course all of that business as well as the internet. and maybe taking over the entire world. cheryl: ground -- drowned. really?

to have been trounced by robots. thanks. well, another competitor to netflix coming up on how microsoft is entering the crowded video-on-demand deal. ashley: you probably already know is if you have gone to an airport recently. a new report on just how much more you are paying to fly for the holidays. that is next. my customers can shop around-- see who does good work and compare costs. it doesn't usually work that way with health care. but with unitedhealthcare, i get information on quality rated doctors, treatment options and estimates for how much i'll pay. that helps me, and my guys, make better decisions. i don't like guesses with my business, and definitely not with our health. innovations that work for you. that's health in numbers. unitedhealthcare. stick with innovation. stick with power.

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ashley: step aside, netflix, microsoft may be aiming to get into sure original tv show business using, what else, xbox. dennis kneale with more on this story. >> yes, xbox the next netflix. microsoft revving up new original programs to air not on netflix or cable, but on the new

xbox one. the first new shows will launch early next year, violatety reports -- variety reports, one of the best efforts to be produced by none other than steven spielberg. microsoft's ambitions for the xbox go far beyond merely shoot 'em up video games, it wants to be at the center of your home entertainment network theme shows from any source and melding over the top internet delivery with cable tv programs. microsoft has sold two million new xbox ones in just the first 18 days on the market, and the new shows also will run on the xbox 360. giving microsoft an instant reach of more than 70 million game consoles around the world. microsoft sees new programming as a way to stoke sign-ups for the video game network which now has 48 million monthly paying subs.

now, microsoft's making this move as the internet programming space gets more crowded, netflix clearly in the lead with shows like house of cards, orange is the new black, now amazon getting into the act with four republican congressmen sharing a condo in washington, and even verizon may take a stab at it, reportedly in talks to buy intel's internet tv business which never got off the ground. ashley: a crowded field, no doubt about it. >> yeah. and all these guys thinking they can just do a great job, but the more shows you make, the more shows will fail. ashley: that's true. cheryl: production companies in l.a. that are trying to get their pilots through the network. >> nice to have a whole bunch of new bidders. ashley: thanks, dennis. cheryl: air fares, yep, higher . the cost for a domestic round trip ticket averaging only $356 last year up 3.6% from the a year ago.

holiday travel in particular hau probably know this. a technology price of round trip tickets sold for travel between the 21st of this month and january 1st next year increased 7.5 president. air -- 7 .5%. despite rising prices in air fares not keeping up with inflation. that's what they say. ashley: extra for the great customer service and the happiness of the people that work there. cheryl: the thrill of the flight attendants' face when you walk on the plane. well, coming up on countdown to the closing bell, as the telecom industry shrinks to a few big players, what does it mean for the little guys and for you, the investor? and a surprise beyonce secret album, which i haven't heard, have you? ashley: no. cheryl: was a huge hit from tweets to i tune downloadsment we'll look at beyonce's social media, but she looks great.

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means keeping your family protected. ♪ ♪ liz: good afternoon, everybody, i'm liz claman. it is the last hour of trading which, did you see earlier today? it opened with a bang and seems to be ending with a bang. quite the rebound rally after the morning produced some pretty encouraging economic data mixed with some multibillion dollar corporate deals, and first off, we got aig finally managing to find a buyer for its aircraft leasing business, aircap holdings, snapping it up for $5.4 billion, and shares of aig looking at a decent gain here. but look at aircap shares, scherr soaring right now. -- they are soaring right now. it's not necessarily a merger, it's just a sale of a division, but it's an interesting move and aig moving up another 1.

but a follow through from a rumor we told you about late friday that sprint is interested in swallowing up t-mobile u.s. that got the whole telecom world buzzing about exactly who will be left standing. there's been so much consolidation here. if and when this deal goes through, who become the winners and losers? shares of sprint,72% of which is owned by japan's bank, if t-mobile and their competitors also on the move. sprint today though earlier hitting a six month high of $8.88. not bad at all. and it's a fantastic day to be in industrial stocks. a bunch of them hitting all-time highs. we'll get to the names right now. they expect a stronger investor production numbers, they got it. names like estherline technologies corporation, rollins inc., carlyle, westinghouse, so it's a nice move today also on the list. two technology p