close. [closing bell ringing] david: twitter is sliding back into the red. we'll cover that news and all the other news but a lot of busy stuff happening towards the end of the day. this news from comcast, maybe some kind of a bid for time warner and of course all the news about herbalife. again as you pointed out, liz, all the shorts on herbalife, they got kind of screwed again, didn't they? liz: they sure did. 10% gain on the stock at last couple of checks. bells ring on wall street. it is a relief rally. the dow at one point up 162 points, ending the session up 128. s&p jumping half a percent. nasdaq making a 30% gain for the year. david: look at russell 2000, they are of all the indices, best performer. small and mid-sized caps are what they represent. always good news when they do well. look at the front page headlines before we go any further on busy day. u.s. industrial production rose

by better than expected 1.1%. this is the biggest gain since last november. this is the latest indication the economy is gaining a little steam as the fed begins to diez money policy today and tomorrow. liz: on the new york area con mesh the specifically the new york fed said the empire state business conditions index edged into positive territory. the gain was slightly lower than what wall street forecast. david: lsi's corporation stock rocketed nearly 40% today on news that the chip maker is being bought by avago technologies. the price tag only $6.6 billion. liz: after years and years of trying and failing aig has a deal to sell the leasing aircraft business to aercap holdings in a transaction valued $5.4 billion. mark the insure ear's exit from its last non-core business following its huge bailout during the financial crisis. david: general motors is planning to invest more than a billion dollars in five

manufacturing sites in michigan, ohio, indiana. in all the investments will create or retain about 1,000 jobs. liz: google grabbing headlines as its stock moves higher avenues it is buying that thing, made by robotics company boston dynamics. makes robots like the wildcat. no word what google plans to do with the business. we know what we're doing. "after the bell" starts right now for you and your money. david: you know the weirdest thing about that video of those moving robots? when they fell down or faltered, said, ah, gee the poor thing. liz: they kicked it. david: they're not real. they're not real but you feel empathy. just like the movies. time to look at today's market action. we have tony from strategic wealth partners vice president who says a strong consumer continues to drive the market.

lincoln ellis managing partner and strategic financial group chief investment officer. he will tell us why european stocks may actually outperform u.s. stocks in 2014. jarrod levy from the pits of cme. jarrod, start with you. big market day. triple-digit gain on the dow. all the indices are up. what got traders thinking perhaps the fed would not taper this week because that sort of engendered a lot of enthousand am in the market, did it not? >> yeah it did. there were two analyst reports today, high-profile analysts talking about the fed, there is very small likelihood they will be tapering come the meeting on wednesday. so the bottom line is, i think traders, feeling little optimistic. we have five days of selling. couple that with a decent industrial production number and you get this little relief rally we're seeing here. frankly a lot of traders i've been talking to today what they're looking for is likely

sideways movement. as we move along. if taper is announced, if taper does come we could see a selloff but for now that doesn't seem like the likely position the fed will take. liz: i want to bring if tony here. you have a company called strategic wealth partners. talk to us strategically about creating wealth in the early part of 2014. as you just heard jarrod talking about a very nice rally. we see a lot of dow stocks moving higher today. it was a pretty broad based rally. what happens looking ahead as we've seen major run-ups in most of the major indices? >> with the run-up i can see that in 2014 we can continue to see this type of run based on multiple expansion and earnings growth because since 2011 earnings growth has only gone up by 6%. with our research we're seeing possibly eight to 12% earnings growth next year based on domestic and international econommc improvement and i still

believe the investor is still going to be, you know, the sentiment will be good for them. they will be confident to invest. therefore i can see the multiples going up too. i can see 2014 with the s&p finishing over 2100. david: well, lincoln, first of all, great to see you here in new york city. glad you mate it back to the east coast. you say that the european stocks might actually perform as a whole over u.s. stocks in 2014. explain. >> clarify, i'm at green square capital right now. sorry about that the actual thesis there is that europe actually has a better and more accommodative monetary policy as the u.s. begins its tightening, its tightening through taper and through the course of 2015 and 2016 actually moving forward on the fed fund rate that actually europe, along with japan looks like more interesting equity markets, particularly as it

pertains to those markets that will have very accommodative monetary policies. tough remember, europe has a fair amount of catch-up to do as it pertains to relative performance like benchmark s&p and the dow. liz: s&p and the dow. let me throw it back to jarrod. you have a lot of people making predictions about what happens next year. i think that is a very difficult prediction to make but things became a little clearer to washington as it appears we might have a budget deal with ideas on both sides of the aisle being represented and being accepted by the opposite side of the aisle. does that help clarify or clear the air a bit? >> you know, liz, here's the deal. it comes back to the way we perceive the markets. all these numbers are somewhat meaningless if you look at them in a vacuum. the fact we are okay with the current trajectory of earnings like our other guest just said, the fact we're okay with the budget deal coming together and the fact that markets are okay with the growth of economic data we're seeing, you know, liz, i think there is a very good

possibility the s&p does see 2,000 and possibly 2100 with a big but. if there is any deterioration or shift away from american markets or if housing begins to falter, then again that leave that is risk open but for now the markets they want to move higher. the path of least resistance is to upside in my opinion. david: let's take that optimistic view for a minute and go back to men any. tony, you say people wealthy right now. there are some evidence that is not the case. people are core worewore remembered about the future. you say people feel wealthy and that is part of the reason you're optimistic. what gives you the sense that people are feeling wealthy right now. people are feeling wealthy and going out and buying cars. david: let me stop you right there. the car buy something kind of easy to understand because people put off buying cars for so long. we had this new introduction of brand new set of vehicles from really all distributors, all

manufacturers. they're terrific cars. they're great deals for cars at zero interest rates. maybe that is just unique to the car area? >> right. i just feel that the, right now i just feel that the consumer is a positive consumer. if we have a positive consumer, 70% of gdp growth is based on the consumer. and i just feel that, you know, people are spending money. people are investing in equities right now. and there isn't a lot of fear out there. and that's why we've seen good multiple expansion for the s&p 500. liz: lincoln, let me jump in. we don't want to get too u.s.-centric. there are many different regions to invest. lincoln pick some for viewers investors. they're always looking for next hot thing. we see a great run-up in u.s. stocks. where the next unloved sector that could really move? >> as we talked about a second ago, europe for our mind is a better value as pertains to developed economies.

emerging economies look like they off the back of a very difficult year trying to deal with u.s. fiscal policy as well as the potential taper look as though they may represent value. and as we look out across all of the major equity classes it is not just, we should be careful not to invest in particular markets just because we feel like consumers feel a particular way. we should actually go out there and do our homework and look at the numbers. the point jarrod made earlier is actually the point. the path of least resistance is up because those who are in the market are not selling. there is not a huge catalyst or interest in buying at these numbers, at these levels. in fact it is the number one question we've gotten from our families. what do we think about equity valuations and how dangerous going into 2014 are multiples that sit at 17, 18, 19% on forward earnings and 26 on perspective case-shiller numbers? they're not too expensive but they're not very cheap either.

david: they're not very cheap and one thing, lincoln that is of earn can the mark -- concern market run-up has not been on massive revenues n fact there are a lot of misses on the revenue front. does that concern you at all. >> yeah, two things. not only revenues missed but quality of earnings across the board have been pretty bad. you saw pretty decent stories coming out about share buybacks and the up tick in price across the major indices is what our friend from strategic were talking about earlier, that is in multiple expansion. that's, those aren't sound fundamentals in which people should be investing. david: all right. you would say for that reason look to europe. there are bargains there. tony, lincoln and jarrod levy, a lot of action in jarrod levy's pits area. we'll find out what that is about. with taper talk dominating markets, what should you do ahead of the taper? liz: i want to be prepared. remember the blockbuster three

d.o.e. movie, avatar, james cameron signed a deal for three knew movies, not just one. it could boost the economy of an entire country, not just one. google bottom another robotics company, boston dynamics. what dowhat do you think googles plans to do with the interesting acquisition? is log on to facebook.com/afterthebell. ♪ [ male announcer ] what if a small company became big business overnight?

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we're new york. if there's something that creates more jobs, and ows more businesses... we're open to it. start a tax-free business at startup-ny.com. liz: breaking news. literally seconds by the to of the hour, comcast is examining three separate scenarios for a possible time warner cable deal. nicole petallides on the floor of the new york stock exchange. looks like they want it and they're trying to prepare for it. >> liz, this is pretty unbriefbelievable. this is not just today but we had breaking news going into the closing bell. six months comcast has been working with this one. charter has been working on this. charter and its backer liberty, john malone's liberty have been working six months to try to buy time warner. comcast is examining three potential scenarios on a deal with time warner that could

include a full takeover bid. this is what we'll have to watch. comcast no comment. time warner, no comment. charter, not immediately available available for comment. as i notice noted they have been with backer liberty have been trying for six months. we'll see what comes up. comcast weighing three options. we heard in the low 130s, 135. but this will be a big story tomorrow. david: we'll see if it happens. thanks, nicole. liz: they want that much but it has run up so much. david: they do. we're hearing a lot about deals being made but they never kind of jell, the sprint deal for example. we'll see what happens. stronger than expected economic data sparked speculation that the federal reserve's bond-buying "bonanza" may end soon. >> the important question for you and your money how do you as an investor play the eventual fed taper?

jack howe, baron's editor. this is complicated question with no simple answers. >> you don't want to load up on stocks that looks like bonds because we've had support for the bond market. now that support is being removed. if you talk to, take a poll of economists like "barron's" recently did, they all point to higher bond yields. in other words lower bond prices next year. they disagree on how much lower they're going to go but we expect a dip in bond prices. >> what type of stock that looks like a bond? >> a stock looks like a bond with high dividend yield and very little by way of growth. i'm talking like companies like at&t and consolidated edison. david: at&t, 5.3% yield. consolidated edison, 5.47%. conocophillips, a lot of people say what is not to like? stocks go up, and while waiting for them to go up we'll get 5% dividends? >> i don't think those stocks will get crushed. i just suspect they will underperform because they look and act a little bit like bonds. so if bond underperform next year i think stocks like that

will get caught up. what we did we ran a search for kind of just the opposite. stocks with really middling yields today but have projections for very fast dividend growth going forward. david: like, for example? >> companies like apple. that is newish dividend payer. it pay as fortune going back with exxon for being the biggest dividend player but the yield is just over 2% right now. the key here, it didn't start off by paying everything it could in this dividend. it has plenty of potential for payment growth going forward. so you can see, 2.2% yield right now. but if you look at the projected payment for a couple years out it is 2.9% yield. you will see the payment go up. liz: while they got yield, caremark they have great potential. >> this company is real well-positioned for expanded coverage of drugs. now whatever you want to talk about. more people reaching medicare age. more people being enrolled in medicaid. more people buying insurance on

these exchanges, whatever it is, this is a company that will be a beneficiary of that. they have a lot of levers to pull for growth. they're investing in things like specialized, infusions therapies and all sorts of new things they can increase the dividend payments going forward. david: discover financial services why do you like them. >> don't make mistake for looking at cars on the store windows, discover is not as many places as mastercard and visa, therefore it is not doing well. its business makes profit on card balances. it is taking share from the big money center banks. making good money right now. good growth going forward. think of it like a bank. tremendous profit power here. they're getting in new businesses. home equity installment loans. david: this is a company that has a direct interest in interest rates going up? >> absolutely. yeah, they will make better money as it happens this. is really a beneficiary. and again, a lot of potential here for that dividend payment to increase. you don't have that exposure of having high bond-like yield

today. folly to try to anticipate how the market would react when the fed does eventually announce the official tapering? not even a tightening of interest rates? that is way down the line. we know this is coming. why would anybody be surprised? >> well, you know, it is always a little bit of folly to predict what the market is going to do. i suppose that put us a little bit in the folly business. you approach with a little bit of humility. liz: arguably would be good news because it would mean the economy is standing on firmer footing. >> it is good news. the treasury yield moved up to 2.9% from 1.9%. i think that is probably most of the move. looking forward we could see anywhere from another half a percentage point to a full percentage point. the problem is, it might be a modest move next year but how many times us did the fed try to do something and maybe overshoots the mark a little bit? so you could see, a lot of folks looking 3.5% in 10-year treasury yield. what if it goes higher.

david: let me push back on your overall thesis before we leave which is you should get away from dividend-paying stocks and focus on stocks that might rise but the rise in stock value has already happened. that is what 2013 was all about. 2014 is going to be much more stable. yes, a lot of people seeing the market going up but much more stable where you have to depend for real yield on the dividends, no? >> a lot of people have gone after these dividend yields. when you look at valuations -- david: if the market rises say only 3% as opposed to 20% like it did in 2013 then you need a higher dividend. >> no question about it it is getting hardtory find stock bargains. we looked for companies with good growth and fairly well priced. liz: jack, speaking of dividends, need to get you breaking news right now. boeing is just now announcing a about a 10 billion-dollar share repurchase. we can put up the bid and the ask at the moment but it is also

hiking its dividend by 50, five, 0, percent. david: wow. liz: look at bid and ask. >> company like boeing, people forget how long the sale cycle is on the new planes. they obsess how many will they ship this year how many next year. they come out with a new plan and will sell for 20 or 30 years. a lot of development costs are up front. the free cash flow goes through the roof because they're no longer paying those development costs. you're seeing the spigot open for shareholders with share repurchases. david: bracing news, stuff. good stuff. my man jack howe. >> not ready for television. david: works in a pinch. liz: got the smile for it. thank you very much. ben bernanke face as critical decision this week as to whether to taper the fed's asset purchases but could 2014 be an even more difficult year for the fed? perhaps its worst, worst year

ever? we're looking at the huge challenges ahead as ben bernanke prepares to step down. david: also with the senate expected to vote on a new budget deal this week investors might think the budget wars are over but, you got to think again. they just might flair up as early as march. we have an all-star panel to tell us whether investors should be concerned. ♪ ♪ this is the quicksilver cash back card from capil one. it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas station" card. it's the no-games, no-signing up, everyday-rewarding, kung-fu-fighting, silver-lightning-in-a-bottle, bringing-home-the-bacon cash back card. this is the quicksilver card from capital one.

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david: time for a quick speed read of some of the day's other

headlines, five stories in just one minute. first up verizon reportedly close to reaching an agreement to buy intel's online tv service on q. it was created to strife live tv and on demand programs over the internet. tesla launching a website in china today two months before the company's planned release of electric cars in that country. automaker has begun taking preorders for the model s in china. now customers can preorder vehicles online. in symbolic move, strike by germany's amazon workers will reportedly make their way to the company's headquarters in seattle, busiest time of the year. those strikes are over wages and working conditions. "avatar" director james cameron said the three sequels to the blockbuster film will also be shot in new zealand. they will pay a quarter of cost of movies and job creation and potential to attract more tourists to the country. first the mnsa. now ikea.

now they are accused spying on employees. when will it end? that is today's "speed read." liz? liz: the federal reserve today is celebrating 100 years. of course the official celebration -- david: was a couple months ago. >> as celebrations do take place some are wondering if the fed's 10st year could be the most difficult in the central bank's history. david: let's go to peter barnes who devours everything federal reserve. he is in washington with details. >> david and liz, december 23rd marks the anniversary of 100th anniversary of president woodrow wilson signing the federal reserve act. they had speeches by former chairs, alan greenspan and paul volcker and ben bernanke. all the fed members are in town for the policy meeting that begins tomorrow. the financial services committee

seems to rain on their parade a little bit. he calls the most comprehensive and ambitious oversight for the fed next year with more than a dozen hearings and a bunch of studies examining the fed's mission and stimulus programs especially quantitative easing. chairman jeb hensarling, a frequent fed critic says his goal is legislation to reform the fed which he says needs to be more accountable. >> i want the fed to have independence on the conduct of traditional monetary policy. but i have become increasingly fearful that we are losing the checks and balances within our government. >> hensarling says any legislation will grow out of the findings of his committee's work but but the top democrat on his committee is pushing back on this. maxine waters says quote, before we contemplate legislative changes to the fed or its mandate, congress should allow the fed to finalize important reforms including in the dodd-frank act.

we should not rush into reform of the fed itself merely for the sake of doing so. david and liz. david: peter barnes, thank you very much. liz: watch peter wednesday big-time. david: oh, yeah. peter's got it covered. while the new two year budget deal aims to avoid another government shut down by dealing with the deficit was there a missed opportunity to do a lot more? two washington insiders tell us what lawmakers could have done. liz: why does intel think a robot rather than a human is better deciding whether a consumer would like a smart phone or a tablet? intel showcasing oculus, its robot that tests whether you or i will like new products first on fox business. you have to see this one. ♪ mine was earned orbiting the moon in 1971. afghanistan in 2009. on the u.s.s. saratoga in 1982.

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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'stuck in the thing. [ female announcer ] today, cisco is connecting the internet of everything. so everyone goes home happy. [ female announcer ] but with less energy, moodiness, and a low sex drive,first.ing. i saw my doctor. a blood test showed it was low testosterone, not age. we talkeabout axiron. the only underarm low t treatment that can restore t levels to rmal in about 2 weeks in most men. axiron is not for use in women or anyone younger than8 or men with prostate or breast er. and children should avoidare contact where axiron is applied as unexpected signs of puber in children or changes in body hair or increased acne in women may occur. report these symptoms to your doctor. tell your doctor about all medical conditions and medication serious side effects could include increased risk

decreased sperm count;rsening ; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while eeping; and blood clots in the legs. common side effects include skin redss or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting d. ask your doctor about axiron. liz: time for a look at today's market drivers. the markets popped today in a rebound rally fueled by some pretty major corporate deals and stronger than expected reports on the economy. nine out of 10 s&p sectors ended in the green. industrials top performers. volatility index for the vix rising for a fifth day amid the rebound rally which is little unusual. while the vix and markets typically move in opposite directions today's move showed a good mood on wall street counterbalanced with nervousness of investors ahead of

wednesday's federal reserve meeting. a hot day for commodities with gold rising to settle at as traders hedge against the fed's potential tapering of its bond buying program. oil also saw another bump rising .9 of a percent to settle above $97 a barrel. david? >> the senate is set to vote this week on a two year budget deal on negotiations reached from both sides of aisle. we have one less beltway drama to deal with others felt it was short of what needed to be done. maya mcginnis, committee for responsible financial budget and die nana -- diana furtgoth-roth. do you think this did a good deal? >> it's a deal that we have. clearly fell well short what we need to do to fix the problem, dealing with entitlements, dealing with tax reform and

getting control of the debt. but in a period we've not been able to agree on anything and lurching from one crisis to the next. it is a baby step and i we need a baby step and i hope they pass it but move on to serious fiscal challenges as soon as possible. >> diana, here is why i'm concerned. it may sound a little contrarian. i like it better when politicians are unhappy and patting themselves on the back and usually means they're spending more money of our money that they don't have. that is why i'm a little concerned. are you? >> that is true and spending has gone up the next two years and revenue pay-fors are extended for 10 years. so yes it would have been much better to get something that reduced spending or if we're increasing spending to fix it in those two years also. but, with the stalemate that is going on capitol hill it is really a miracle anything got passed at all. although economic data show that the government shutdown didn't

really affect employment in october and november. david: no, it didn't. neither did the see questions test, maya. the fact all these dire, when you hear frantic, dire, talk coming from outside the beltway it usually doesn't end up that dire. and on the other hand when you hear friendly talks, i'm so glad we got an agreement, it usually ends up putting us more in debt. >> that is true. david: hold on a second, diana. maya, go ahead. >> often bipartisan compromise it is a gimmick, a punt, people going to the lowest common denominator. in this case i think what we've done seen more stability put into the economy because of this tiny baby step and nobody is really slapping themselves on the back because even the sort of parents of this deal recognize it falls well short what we need to do but practicing making some budgetary tradeoffs we'll have to get used to in order to make the real choices. nobody is jumping up and down saying this is a huge success but you can't keep borrowing

indefinitely and starting to say, you have to offset some of the changes when you want to make them, get into practice of that. david: diana, obamacare, let me turn you on that subject because there seemed to be so many problems in terms of payments and obviously the president's many promises are not true including the one where he says it will not add a dime to the deficit. obviously it will add to the deficit. i'm wondering how soon some of those bills will come due? i know a lot of people, millions of people will be going on medicaid. i know states are supposed to be spending lion's share of that but they have a deal with the feds to pick up the loss that the states are going to have over the next couple years. so are we going to immediately have to start paying for obamacare? >> well i think that, yes, states and the federal government are going to be in very, very difficult positions and what's really surprising to me these regulations issued by the department of health and human security on thursday where they say that insurers have to cover patients costs even if

they're not enrolled, even if they have completed enrollment process and if they haven't paid because if they don't cover those patients costs, they are not going to be renewed as qualified health plans in 2015. and the regulations also said that whereas normally there is process of notice and comment for 30 days, they're waiving it. normally there is cost benefit analysis. they're waiving it because they don't think this is very expensive this is like venezuela or cuba. forces costs on insurance companies even though there is no contractual obligation. david: there is another kind of insurance, maya, some people thought would be in the budget deal, unemployment insurance or another extension of unemployment insurance. we had had gene sperling on last week from the white house. he said he was concerned about it but didn't sound like it would be a deal breaker if it doesn't get this budget. >> it is not going to be a deal breaker. i think democrats have resigned themselves to the fact unemployment insurance wasn't going to be part of this deal.

another thing that they did only very short term was deal with the doc fix. now they're saying it has to be dealt with, the sgr fix in this deal of the those things are pushed aside. democrats want to come back and talk about unemployment insurance t would be difficult as a part of big budget deal and offset to changes in sequester and make longer term savings to add. >> tension of unemployment which would be adding savings. i don't think there is any chance of bipartisan support. david: i will do something very up fair. forgive me, diana, we only have a couple seconds, have to ask you very quickly, maya, first to you, are we going to have shutdown, another government shutdown or go to the press sis miss of one in the spring as we get debt extension deal talked about? >> listen, there will be no shutdown but the question is what will happen around the debt ceiling. might there be more talk of default. that is still yet to be determined but i think shutdown is now off the table.

david: diana, do you agree? >> i don't know whether there is going to be a shutdown but i do know a lot more we could be cutting. 12 billion in green energy subsidies. we could cut a lot of entitlement programs so there is plenty there to cut. david: maya mcginnis, diana furtgoth-roth, thanks for being here. we appreciate it. >> thank you. liz: david, there has been so much news about robots lately. david: scary. liz: amazon stuff with the drones but now a question not from google but from intel. will robots soon read our mind? what does it mean for business here in the u.s.? intel has created this thing. it's a robotic arm. it can decide whether you, a human, actually will like a particular new electronic product. david: no, no. liz: yes. we'll show it to you. david: wow. liz: first on fox business. david: general motors also announcing today it will invest $1.3 billion to create new manufacturing plants right here in the u.s. that is good news but what was behind the decision? and what will it do for american

jobs. all that and a lot more coming right up. don't miss a thing. ♪ [ male announcer ] if you suffer from a dry mouth

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liz: drones, robots, very exciting time, right? but human testers for smartphones and tablets could now possibly be left on the sidelines by new technology that is being developed by intel. never seen before in public. first on fox business, intel has built a robot called oculus. today it is being demonstrated right here in front of you for the very first time. they kept it behind closed doors but how does it work? joining us for first on fox business interview, matt dunford worldwide corporations manager. that is one title.

mark you're leader of oculus program which sound so behind the scenes, military. talk about exactly what it is. you brought a component ofve vi. explain to what oculus is. >> we've created ability for the robot to do things people do when interacting with their tablets maybe i could demonstrate here. liz: absolutely. >> this is two in one. this is has keyboard, to allow people to use it as computer and use it as a tablet when you want a tablet. liz: sony by vaio, tell us if people will like this? almost like, i guess a focus group, electronic focus group. >> great interest. what we did, we did the focus -@groups first. bring hundreds of humans together and have them do things like you would do. if i wanted to come to fox news i might look at a mapping program. as you're doing that you might want to move around and zoom in. you might zoom out. these are typical things. we had the humans do that.

tell us, do you like it. do you love it? do you not like it? then we measured all that with a high speed camera from hollywood, gathered all the data together and gave us to our cognitive psychologist. liz: what? psychologist? >> exactly. and then they came up with these models we programmed into the robot now we don't have to bring hundreds of people together to have them do all this the robot can do it all and tell us what they would have said. liz: what do we see on the screen right now? we have actual zooming in. here comes the oculus. >> there it is. liz: it is just testing it as if those were the fingers. that is the robotic hand. >> exactly. liz: over and over again it an repeat these gestures and decide, how does it communicate as to whether it is something that people would like? >> well it use that is high speed camera. that is how it records everything. then it looks back to the information that the psychologist gave from the human that is did the testing and says it was too slow or it was fast enough. liz: i am holding this now in my

hand. first seen ever by anybody outside of intel. but what is the value of this? is it sal you to acer and ace sus and sony or whoever pays you to do the representative movements? i just moved it. >> that's okay. liz: get a tight shot of that, it does all kinds of things. these are the sort of fingers, correct. >> hey. we could bring you back. we don't need the robot anymore. liz: what is the value here? >> it lets us do more testing. if you think of bringing tablets out testing with hundreds of humans, that can get expensive taking a lot of time. by having robots, bring tablets to the are robot. have the robot do test one time and. liz: can it test the vagueries of human desire? this is old school blackberry, but if this thing were working with you there, one of the things that repetitively do because i'm a geek i put it on

my belt constantly, pull it off and on. would it be able to tell this is too unwieldy for a human to do that repetitive process? what does it reveal about an actual product? >> if a human can tell what they like and what they dislike we can program the robot to test that. >> okay. and are you, do you have companies signing up to have you use oculus on its products to give them more information? >> we've had a lot of demand for oculus. liz: really? >> it is great to get the information back especially if you get the information before you go into high volume manufacturing. liz: are you -- there you go. before you spend all this money to get all kinds of assembly lines up this will tell you whether it is even worth it? >> or tells you where to tweak it. liz: but taste is so quick to change these days when it comes to, you know, speed of thought in high-tech land. does it take that into account? >> you're absolutely hitting on a key point.

user expectations change over time. what was acceptable couple years ago may be too slow today. what we have to do, we have to keep up with that, with those user studies. >> before we go, are you charging yet to use okay cuelous for equipment? >> we're keeping all the terms between us and our customers. liz: the smartest guys in the room intel, coming up with oculus. first-ever view of this robotic arm being used to test all kinds of products. thank you very much. good to have you here. mark dunford. wonderful, david, fascinating stuff. david: unbelievable what they can do now, unbelievable. general motors is placing a big bet on the american auto industry and our u.s. economy. jeff flock has been talking to top gm executives at one of their plants in flint, michigan. we'll take you there. a giant leap for a lunar rover called jade rabbit. china joining the major leagues of space exploration almost 40

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david: general motors annooncing plans to invest more than a billion bucks in five u.s.-based

manufacturing plants. liz: jeff flock is at the general motors assembly plant in flint, michigan. jeff. >> getting a rare look today at the production line of the chevy silverado and gmc sierra truck. here is the headline out of this plant. in addition to the fact that gm with the $1.27 billion investment, is making most of it here in flint, michigan, this plant is run by a woman. dan akerson today at national press club said 25% of all of gm's plant managers across the u.s. are in fact run by women. maybe not such a big surprise that mary barra is the new ceo. i talked to mark royce about that today, the outgoing president of gm north america, how he feels about his new boss, mary barra. >> the way i feel about here i told her today i couldn't be more proud of you and to work for this company. i couldn't be. and, that is the way i feel. >> mark royce, who is taking

over mary barra's old job, developing new vehicles for gm. as an old-time engineer for mark royce he said it's a very happy time. i asked if he was disappointed packed over for ceo. he told us exclusively on fox business network, no one actually asked me about being ceo. that didn't come from me. interesting comments from mark royce. big day for general motors. $1.2 billion worth retaining or creating another thousand jobs. david: that is huge day. jeff flock, thank you very much. liz: mark royce very nice words about the new ceo. gm found its footing hopefully. a brand new technology could revolutionize the videogaming industry. it has the ability to turn your entire home into a virtual world, if you want it. we'll bring you the details when we take you "off the desk." ♪ ♪

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david: we've been talking about technology taking over our inner lives. now a revolutionary new technology uses radio signals tt track a person through walls, that could change the way videogames are played in addition to other things. researchers from mit develop ad new high resolution 3-d motion tracking system dubbed, y-track. it operates by tracking

specialized radio signals reflected off a person's body to pinpoint location and movement if we needed that. liz: how about terrorism? you can find terrorists hiding in the walll. fine. also "off the desk,", china's lunar rover, deployed successfully from the unplanned spacecraft that landed on the moon yesterday. the six-wheeled rover comes equipped equipped with a mechanical legs that candying up soil samples, up to 30 meters. been there, done that. jet propulsion lab, see you later. this exploration makes china and the three nations to land on the lunar surface, the u.s. and former soviet union. it is called the j rabbit. david: number one thing to watch tomorrow. we've been talking a lot about housing today. december national homebuilders survey comes out tomorrow. economists are expecting the reading to rise 1.5 -- one point to 55.

liz: don't miss this. coming up tomorrow on "after the bell," bob nardelli joins us exclusively at 4:00 p.m. eastern. he is senior advisor at cerberus management and chief executive of chrysler motors w a lot to raise. melissa: a pact to raise minimum wage and prevent businesses bailing. three local councilman in the d.c. area banned to together to force companies to pay more. the logic that everyone vows to raise how much workers make that businesses won't flee to surrounding towns. is it genius or bad business? we have the councilman behind the unusual plan because even when they say it's not, it is always about money. melissa: talk about taking a stand in an effort to soothe the wage rage that is taking the country by storm, three