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tv   Markets Now  FOX Business  December 17, 2013 1:00pm-3:01pm EST

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he joins charlie gasparino at fox business exclusive. and this, u upping up in the sta millions jackpot more than $600 million, but if nobody wins tonight we could be on our way to the first $1 billion jackpot in history. how about a jackpot in your investments. nicole, couple of big names bucking the downward trend. nicole: there are. looking at 3m and boeing. boeing 1.3%. i have been leaders in the dow. three and added 19 points, boeing about 11 points. as a boost their dividend by 35%, so many people buying
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stocks, a great way to get some return on their money. boeing approving a share buyback repurchase program showing confidence in the company coupled with a dividend raise of nearly 50%, so that is a big deal as well. they really are indeed bucking the trend area did back to you. lori: check the calendar. one week left until christmas. turning to their smart phones. discount luxury retailer is taking the world by storm with mobile with mmre than 40% of its revenue generated solely by mobile sales. joining us, michelle, good to see you again. congratulations i really strong holiday so far. thanksgiving sales driving revenue more than last year.
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black friday up 60% in revenue over last year. the big trend you are seeing is mobile. a lot of steps pointed to profitability hopefully very soon. >> we have crossed the threshold and are profitable company. we make sure we find something exciting and fresh for you every single day, we bring tremendous value so you look more generous than you actually are because you're getting such a great deal. lori: i signed up. the flash sales site is a phenomenon. really tapped in on shopping by not only putting out what is on sale now, highly discounted products, but also with your idea to tease what is coming up tomorrow, how has it caught on? >> one of the things is remembering shopping should be
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about a few things. it should be about generation. you want to buy exciting things. it should be about value, it should be about excitement, showing what is coming up tomorrow. it also should be about personalization. we've made sure the sales would put in front of you are relevant for you. lori: you're looking at a profitable year. your revenue 2012 calendar year came in at 550 million. so things are looking very well, will you hit the billion dollars this mark this year? >> robust growth has been encouraging. lori: can you give me a little bit more details on a guilt ipo? >> we are not in a rush. the nice thing is we don't need to go public, so we will do it when the time is right.
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lori: very successful ipo, they raised $253 million, debuted $22 per share. today the stock is up a percent. third with $40. that has to make you very optimistic. >> very great competitor, for sure. part of it is about the performance, which has been excellent, and part of it is how is the market trending. lori: basically saying you guys did so well during the downturn because you are a discounter, selling luxury goods at deep discounts. now that things are turning up, and the idea is wearing thin. >> it is a higher growth rate and have seen. i do think there's a little bit of separation from the top.
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the competitors are doing very well. halted. lori: the economy is improving but still a lot of people without jobs and a lot of people still struggling s to you are seeing a tremendous growth. can you put your finger on what is going on in the bigger picture? >> consumer confidence a big part of the picture. is a huge part about how much they will spend today. one of the things that works well is people do want the value price point. they still want the aspirational, exciting, energizing at a great price. lori: it shows people are ordering stuff while they're waiting in line. >> that is the nice thing, we can cover your husband, your child's gift, a gift certificate for a massage if you are last-minute shopper. lori: thank you so much.
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those gifts need a way to get there. ups on a way to send out 29 million packages around the world. adam shapiro joins us live in the heart of ups operation in louisville, kentucky. hi, adam. adam: you mentioned the 29 million packages that will be delivered today. they shipped 34 million yesterday. i want to introduce you to one of the people who are instrumental among the thousands. 400,000 worldwide. to make sure your christmas package gets what needs to be on time. operations manager. how do you coordinate all of that? it boils down to the men and women sorting and loading right here, doesn't it? >> we are the link between the customer and resellers.
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adam: when we talk about 29 million packages today, the packages being delivered set world records, you're the largest shipping company out there. what do you attribute that to? >> i think that plays a part in it. we are expecting to do 2 million packages, it is important. adam: about the 23rd? that would be 7.7 million packages within this facility. 400,000 packages this facility can process in one hour, correct? thank you very much, and happy holiday to you. i'm going to go back to you, but
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29 million packages, 65,000 additional employees the holiday shopping season, you can understand why the company last year generated 54 billion in revenue. back to you. lori: thanks, adam. you do have this breaking news, here the board is saying they expect an appointment in the early part of 2014. that is a delay as many folks expect an announcement from microsoft before this year's end. shares down $0.19. ford ceo and microsoft enterprise head are two of the names to replace steve ballmer. president obama meeting with the biggest tech execs covering everything from the troubled health care website to the latest spying revelations. peter barnes in washington with the latest on this meeting. peter: the meeting includes executive from microsoft.
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the meeting was still ongoing, this meeting started 10:45 eastern. going on for two hours or more according to white house press secretary jay carney during his daily briefing right now. as you said on the agenda nsa surveillance programs, the request by the tech ceos, the president bringing them in to continue to work on the website as well as other technology issues and government tech procurement. here are the ceos in this meeting including tim cook of apple, twitter, netflix, president and ceo of yahoo, zynga, continuing on, facebook, eric schmidt of google, brad
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smith, randall stephenson, and also want to let you know on microsoft white house announcing a former microsoft executive will be coming in to take over the operations of healthcare.gov and the federal exchanges replacing a presidential advisor who went in to try to help fix all of this working there for a couple of months. he will be coming back in january to take over as head of the economic council. back to you. lori: thank you so much. wwe're also waiting on ben bernanke ahead of the statement $1 billion worth of advice held by chief investment officer scott black. he is next with me on why you should err on the side of caution with your investments right now. 11 million tickets sold per hour.
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americans try their luck in the mega millions jackpot topping $600 million. the rock 'n roll hall of fame announcer 2014 inductees, and hall of fame foundation ceo on the iconic artist who made the cut this year. [ male announcer ] what if a small company became big business overnight? ♪ li, really big... then expanded? ♪ or their new product tanked? ♪ or not? what if they embrace new technology instead? ♪
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that helps maintai digestive balance. ♪ stay in the groove with align. lori: we are following the latest develo enrollment on capitol hill. clearly a key hurdle in the senate offense and a a final vote. final passage could come later today, even tomorrow. if this legislation is not passed, traces the threat of another government shutdown. let's check the markets, nicole is covering it all from the floor of the new york stock exchange. investors, are they on edge of the announcement? nicole: without it out. everybody continues to focus on what will the fed do. it has provided so much stimulus, printing of money but the dow jones industrials down
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16 points with a loss of one-tenth of 1%. i know we focused on some dividend paying stocks like 3m and boeing. nasdaq lower, s&p down by five points at 17.81. we have seen it, it is to the upside at 16.17. it shows going into tomorrow people just want to know what is it, that is what wall street is about, they don't like wildcards or uncertainty, they want to know what the facts are. lori: my next guest happens to be quite certain the fed won't begin to pay back the bond buying until next year. managing $1 billion in investments, president and chief financial officer. always great to see you. >> thank you for inviting me. lori: happy holidays get you say the fomc will wait until next year. why? >> i of you strip out the
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inventory gains, it is up 1.9. inflation below 1.5. if you look at the true unemployment, still over 13%. it is a fractional recovery at best. i don't think they want to upset the economy in the short term, so the fact is getting a plymoutimplement down to 6.5% ae economy really growing two and half to 3% on its own, don't they get a hose the fed to taper yet. lori: would you agree the economy data is moving in the right direction. it is a big problem, but overall things seem to be getting better. we also have a budget deal in washington avoiding another government shutdown, so does not state a stronger case for taper, do you think?
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>> i think so, but it will come in the first quarter of next year. that has to be revisited, republicans asking something quid pro quo with the discipline to raise the debt ceiling so we have not passed that mark at all yet. lori: let's talk about the market. the s&p 500, the index in and of itself is fairly valued but the smaller indexes are overvalued right now, so give me a little insight these days. >> we tried to buy higher return on equity's companies that generate cash at low multiples. companies have sustainable earnings, so we are agnostic whether it is large cap or small cap. your point is valid. if you're looking at the homogeneous classes, 21-22 times next year's expected earnings, so they are pretty expensive. and the s&p based on $116 earnings next year is about 15.5
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p/e-based drug standards is fairly valued the does not mean a run in individual stocks. i was in silicon valley last week and a comp love companies that make our terrific franchises, the first is sandisk, the largest producer of flash memory. solid-state drives, embedded software, et cetera. if you backed up the cash roughly $15 per share and strip out the $0.44 the way we do it, it is 9.5% multiple. the earnings will still grow at a double-digit next year, and another company were the earnings are starting to turn, the point of inflection is the leader in metrology, you're going to see a quarter the time of 80 against 63, something in that ballpark. this is the first inflection point.
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you backed that out, there is no stock-based jump in earnings. still 11 p/e. the s&p is 15 times, these are very good franchises, huge discounts multiple lies in the market. adam: if you like those tech names, what do you think of names like twitter, facebook, netflix which seemed to be moving against the broader trend lately. they're being characterized as darlings, not profitable but still really in favor these days. >> this is the greater investing. when you are paying infinite multiples of 50, 60 multiples for the thrill of momentum, it is great. good cocktail chatter but that is not wise investment.
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lori: always great to see you, thank you for your time. >> thank you. lori: facebook has a new plan to grab your attention. a stake in the tv ad market. at home for the holidays? a2 of the world's largest edible adobe. you have to stick around for this. [ male announcer ] how can power consumption in cna, impact wool exports from new zealand, teile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections
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>> 24 minutes past the hour, i am lauren green with your fox news minute. helicopter crash claim 116 u.s. troops. those troops part of the security force. nato says a crash is under investigation but indicates there was no enemy activity at the time. things are heating up in eastern europe, new reports suggesting russia's developing missiles, deploying missiles with strong area bordering poland and lithuania. this is tensions rise between the rest and russia over troubles in ukraine. ukraine's president forging closer ties to europe instead
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aligning itself with russia. megamillion's fever is in full swing. folks rushing to buy lottery tickets ahead of the drawing. jackpot soaring again today this time to a near record $636 million. if someone does not hit it big tonight, it is very possible the price could jump to $1 billion. those are your headlines, now back to lori. lori: i am not to work next week because of christmas. >> fake you won the lottery. lori: are you ready to see video ads on your facebook feed? they are coming very soon. jo ing kent here with the story. >> video ads will play automatically starting thursday, the sound will be off and the ad facebook announced were testing last night will appear on both the web and on smart phones in
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the app according to the "wall street journal." facebook to that indicate a limit although the journal reported fiscal plans offer about 152nd clips. one of the first ads will be for "divergence." no word on which companies will be posting anytime soon. on pricing facebook said in a statement we don't disclose pricing. the goal is to be a premium advertising format on facebook intended to reach a large audience at specific times. but we know it looks to be about $2 million per day tt reach the full adult audience cringe what facebook executives told the "wall street journal." take a look at facebook stock right now up about 1.8% right now hitting a new high. raising the price target from 68 to 52. with an outperform rating. this comes a few months after
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facebook instagram began running ads as well. facebook ceo says that has been fruitful so far. lori: health pick this time. the source for hypochondria. charles: it feels like more and more and poor people are becoming hypochondriac. it could be a person, just a person for attention. webmd, have an interesting situation because you've got a company with extraordinary potential, but management that keeps messing it up. that is why i kind of like the stock, it is cheaper than it should be. in the last four quarters they have missed the street three times.
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a series of higher lows, turning positive above the 50 day, 200 day moving average. i love that, a beautiful, beautiful chart. still, wall street is looking $0.64. three months ago looking $0.44. just a phenomenal company. give you an example, unique users. they're finding different ways to make money, but there is a portion of the street negative. lori: we just heard the story about facebook, you just said webmd looking at ways to make money. is this in the cards for them? are they sting up with the social media darlings? charles: they had a decade ago that is when it was going to change the world, now sort of has less of the facebook twitter type excitement, but one of
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these companies has stayed the course, doing very well, that is the kind of growth we have been looking for and it will be able to follow. lori: i know you can get other aggregates. charles: we had a guy on who had something, none of the prescription stuff but on the insurance side. i am not sure. you always give me homework assignments. lori: that is why it is so fun. rock 'n roll hall of fame 2014 inductees. bringing something for everyone. peter gabriel's in her eye. all of that coming up, and this is taking on america's largest oil and gas pipeline company,
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charlie gasparino with the 26-year-old analyst who could have saved you a boatload of cash. on his call.
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lori: let's get you updated on the markets. let's head back to the floor of the new york stock exchange with that to check in with nicole petallides. nicole, some tech names getting a boost today. >> right. when i talk to some of the traders they're loving tech. they're talking a lot of firms picking tech for next year. we've seen tech running up. look at hewlett-packard today, right? look what is going on here. it is up 2.4%.
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today it was upgraded to overweight from neutral at jpmorgan and they upped the price target to $35 p from 30. don't forget hewlett-packard is one of the best performers in the dow jones industrials. it is interesting we're talking about the fact that these technology names are doing really well. take a look also at seagate and hewlett-packard, two names on the name to the upside. jpmorgan adding them to the focus list and putting an overweight on western digital and basically they had been cautious on these names, the hard disk drives but they have already run up and they're liking them now. so they're doing a little bit of chasing. but the fact is they like them going forward, going into 2014. back to you. lori: sounds good. thanks, nicole. if you saw charlie gasparino's interview with 26-year-old kevin kaiser last january you would have made money on his call. there are still questions how credible the young analyst can really be.
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charlie is sitting down with kaiser once again on what he has to say to his critics now. >> kevin, since the call back in september you're managing director. >> that's right. >> keith, your boss, likes what you've done. ii want to put up one particularly interesting, i would say nasty comment one guy said about you. can we show a full screen of this? this is really interesting. basically said that you're, what you, what you reported about kinder morgan was pathetic and absurd. he called you a 26-year-old man. might be 27 now with fancy title with very little work experience. what is interesting about this, if you read some other comments about you, it may not be as nasty but all in the same vain. you are out there alone on this call that kinder morgan is essentially the, i guess the, master limited partnership version of what bill ackman
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might say about herbalife, a pyramid scheme. >> well i wouldn't go that far, charlie but that is an interesting point you bring up ackman and herbalife. >> right. >> what ackman has gone and done he said a very profitable company is a great short because regulators are going to shut it down. >> right. >> what i'm say about kinder morgan energy partners and a lot of other master limited partnerships that these are very unprofitable companies and that regulators might shut them down or have something to say about them in the future but i do not need regulators to do anything to be proven right here. these companies do not generate profits needed to sustain their distributions and that's the biggest risk. >> and you're, get to the bottom of it, your thesis is they make, they distribute that, those distributions by scaling back, cutting corners, basically not keeping up the infrastructure of the pipeline? >> what i really say, charlie, the point is they distribute more than they earn. so the profits do not sustain
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the distributions. so how do do distributions get paid? they get paid with new capital raises, equity, acquisitions via equity and more and more debt of the that is what funds a distribution, not real profits and that is the risk here. >> don't you have the same risk that faces ackman? here's the interesting thing about bill ackman. i agree, i agree with some stuff bill ackman says about herbalife. i see an issue with, you know, distributors, right, paying back, paying the fees to the company, right? you don't sign up enough real end-users, at some point that is going to implode but, it is at some point. that distribution model may go on for five years, 10 years and, you knee, the company still will be showing profits and stock will still be going up. don't you face the same issue, this could go on for five years? you could be somewhere else in five years and maybe it will come true and maybe it won't? >> charlie, i hear you, and i agree, that's the risk here. for me it is a question of when
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this blows up, not it blows up. certainly there is timing aspect here but i don't think it is predictable. back to the ackman comparison i don't think it is fair. he is shorting a company that generates something like $500 million a year free cash flow. they can use that to buy back shares and do a lot of things damaging to a short. i'm shorting or i'm recommending that investors sell kinder morgan energy partners and it is a company that does not generate those outsized profits. they can't buy back any stock. >> don't you have the same responsibility as bill ackman not just tell some day this thing might blow up because here is my thesis, my rationale, your rationale makes complete rational sense to me but you don't know when it will blow up. that is the problem, don't you have a duty to tell the investing public, five years this can't do that? >> absolutely. i have done that i said time and time again i don't have a monopoly on the future. i don't know what will happen when this is going to end.
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we underestimate our ability to predict long-term events and overestimate ability to predict events this short term. i don't know where kinder morgan stock or mlp will go next six to 12 months. i say there are things investors long term don't see. >> they have shale gas revolution. can't they make money as to road for that. >> the to road is an interesting, is an interesting line a lot of people throw around these companies. i don't think of them as a to road. everybody bubble starts with a good steer, and certainly energy infrasttucture is growing and master limited partnerships are a big part of that. >> right. >> in '99 and 2000 when the tech bubble was building the internet was a good story then too. >> absolutely. >> so fundamentals get more and more diversed from reality. >> right. >> just because that we're building infrastructure in the united states does not mean that these securities are vastly overpriced. >> now, the stock price has gone
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down recently. >> yes, a little bit. >> a little bit. do you think that is investors waking up to what you, what you're saying? >> i think it is some of that. the company also had soft third quarter earnings. >> right. >> in november and then they recently put out some preliminary guidance for 2014 that was soft too. >> also a high dividend stock. as you know when interest rates go up, which interest rates have been trending up with the fed tapering coming at some point some day you're not going to buy high dividend stocks. >> that is another risk and another way for me to be proven right. >> i have to wrap here but i just want do ask you this. do you think you've made the sale to investors that this company is the, fraud is not that harsh of a word based on what you've described in colloquial sense, not in absolute legal sense? do you think you made your sale to investors? >> so i wouldn't call it a fraud again but i think i've done a pretty good job thus far and i'm going to keep harping on it. >> by the way i don't think you're a bad 26-year-old kid.
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do you good stuff. >> thanks, charlie. >> back to you. lori: by the way, charlie, by the way, see you soon. after cheryl sandberg leans in proctor & gamble will give women's empowerment commercial a global push. decorating for christmas. been there, decorating for christmas. the 39,000 cubic foot gingerbread house in texas of course, everything is big in texas that is now a guinness world record holder. a tour is coming♪ ♪ [ male announcer ] if we could see energy... what wod we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us.
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♪ we'd see thatlmost 100% of medical plastics are made from oil and natural gas. ♪ anan industry that supports almost 10 million americanobs. life takes energy. and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. because using energy responsibly has never been more important. energy lives here. ♪
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>> i'm david asman with your fox business brief. three new studies suggesting taking vitamins and supplements provide no health benefit. findings published in the "annals of internal medicine" journal conclude multivitamins had no effect on cardiovascular health, cancer prevention or dimentia the author suggests that vitamins should, quote, be avoid. homebuilders confidence improving in december to the highest level in august. national association of homebuilders, wells fargo housing market index hit 58 in november up -- in december, up from november's 54. any reading above 50 shows a positive trend. larry claim man will talk about the nsa program. he will join tracy byrnes and
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ashley webster on 2:00 p.m. eastern "markets now." you don't want to miss that interview.
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lori: gingerbread homes, of course, a fixture of the holiday season but they're not usually big enough to live in. fox news' casey stiegel is live in bryant, texas, looking at biggest gingerbread house on the planet. casey. >> lori, i bet you haven't seen one of these before. previous record holder was in the mall of america. that was about 1500 square feet. this is 3,000 square feet. look at this. real gingerbread. the entire exterior is edible. people, volunteers, from the community were baking these in their homes and slathered up with icing and put on the house. we're in aggie land in texas near the texas a&m university
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campus. we have to walk quickly. there are tons of bees. so much sugar is on the house. sun and rain has melted the icing a little bit. there is really no such thing as a perfect gingerbread house, right. it adds to the realism of it. we'll take you inside in a minute. we first want to show you amazing time-lapse video of the whole project because this has been a long time in the making. it took weeks and weeks and weeks in fact for all of the crewmembers and all of the volunteers to get this thing up. in fact they started working roughly the beginning of november or so. architects, chefs, electricians, roofers, all volunteers and it took about a month to complete and then it has been open to the public. so thousands and thousands of people from all over the country have come through the house to take a little nibble maybe, even sit on santa's lap. the project is the brainchild of the a and m traditions club which is a collegiate country club group bit university if you will and they have raised about
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$200,000 for an area hospital that is trying to build a new trauma center. so this is all about charity. back out here live, inside the house now we'll let you in on a little secret. it's wooden on the inside. you can see the rafters and a real structure of a home. the requirements by the "guinness book of world records" is that the inside of it had to be built like a house and exterior had to be edible and folks from guinness were out here a couple weeks ago and presented them with this. lori, are you ready for the% total calories of the house according to the chefs and nutrition its? lori: i wasn't going to go there. what i don't know isn't going to hurt me but okay. >> about 36 million if you can believe that. lots of butter, lots of eggs, lots of brown sugar. 7600 pounds, sr. something of flour. a lot of ingredients to put this thing up. it's a treat for kid and adults coming out here and going
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through it. lori: tell you, casey, that thing is bigger than most manhattan apartments. what a feat. >> i know. my stomach is a little store. i've been eating between live shots. i'm on a sugar high. lori: -- 1499 square feet, right? >> a little less right now. lori: casey stiegel, thank you, sir. as we do every 15 let's check the markets. we're joined by jonathan corpina. safe to say the fed will be last big event before we take off for christmas. how do you see it unfolding? >> it is exactly wait and see mode. everyone is waiting to see what information comes out of market. nice to see market didn't have a selloff after the big rally yesterday. it shows me there is strength in this market. investors still believe in this market and want to be in this market as we head into the information coming out of the fed. i think it is a little too early to see tapering right now in 2013. that will be put on the agenda, first quarter, 2014.
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at that point then we'll see how the markets and economy will react to tapering. lori: all good things. john corpina, thanks so much. >> thank you. lori: from grunge to glam rock, feel-good pop, eclectic mix as rock and roll hall of fame announces the 2014 class, the ceo joins us with the big name act that is made this year's list. ♪
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♪ lori: that's right. kiss really has a reason to rock and roll all night.
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the legendary rock wandering one of the 2014 i were duck tease in the rock and roll hall of fame. the list includes influential artist, nirvana, former cat stevens. we'll get into that and hall and oates and linda rondstadt. we have the hall of fame ceo. always great to see you. >> great to be here. lori: congratulations on the inductees. i understand the public had a opportunity to vote. >> a group of inducted 700 people made up of past inductees and people in the music business. we wanted to open it up to the fans. we created similar to heisman trophy a way people can vote and have a say in it. lori: you can participate in the induction ceremony. at the barclays in brooklyn for the first time. >> fans can buy tickets and come. we have 6 to 8,000 seats where fans of all the acts can celebrate with the favorite acts. >> go through some of the acts. anyone in particular surprise
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you this year? >> for all the nominees everyone has a case to be deserved. everyone is so passionate about their artists. they're angry when they don't get it. they're happy when they do. there is no right or wrong answers. we're happy with the class because it shows diversity of rock and roll. lori: everybody from peter gabriel was inducted as part of genesis a couple years ago. >> right. lori: 2009. hall and oates, kiss. played rock and roll all night. nirvana this was first year of eligibility for nirvana and they were voted in. what does it say about the caliber of that group? >> there is 25 year gestation period before a artist to be elgible. for nirvana get anyone at first ballot shows what that artist meant for the world of music and fans and industry in again. lori: linda rondstadt who has had a very tough year. >> right. lori: and a book out. she has parkinson's disease. >> yes. lori: she is no longer performing. lori: right. >> will she at least be in attendance? >> we're hopeful she will come.
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they indicated they will. we try to put together a celebration of artist that is represent that particular artist's music. so many women were influenced by her. it won't be hard to find class artists to step up. lori: men too, right? she helped put the eagles on the map. my colleagues are so tired of hearing me talk about the eagles. i love the eagles. glen frey and don henley played in the band. what is likelihood they will show up. >> glen frey will. he raised his hand to dot introduction speech to bring linda into the rock and roll hall of fame. lori: the rock and roll hall of fame is such an institution. how do you keep it going? you have the induction ceremony. what are the other source that is keep it going. >> for people visiting the museum in cleveland. it is celebrating the art form. rock and roll is the art form of our generation. the museum through ticket sales and merchandise sales through philanthropy puts on incredible
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exhibits and this is important, work with kids in pre-k and college. lori: there is elvis exhibit. >> we have permanent elvis exhibit. we have relationship to put new things in. we have a couple months left of the rolling stones 50th anniversary. we're opening up a festivals exhibit next spring. lori: joel, great to meet you. >> it is great, exciting come to the show. barclays center april 10th. the show will be on hbo as well later in may. it will be a good event. lori: love to. thanks again for getting us set up for the rock and roll hall of fame 2014. joel, thank you. >> thank you for having me. lori: he is the thorn in the nsa's side. larry klayman convince ad federal judge to rule against nsa snooping will be in the hot seat next only on "markets now." edward snowden says the judge's decision slamming nsa phone surveillance vindicates his leaks. is he a hero or trader?
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tracy: i'm tracy byrnes. ashley: i'm ashley webster. he is the thorn in the nsa's side, larry klayman who convince ad federal judge to rule against nsa snooping will be in the hot seat next. this is the only place you can see him. he has got lots to talk about. it will be very interesting. tracy: very. this as edward snowden says the judge's decision slamming nsa phone surveillance vindicates his leaks to the news media. so is he a hero or a trade traitor? tweet us your answers and we'll put them on the screen. ashley: we've got a lot already. driverless cars coming to state of california. the director of the state's dmv to talk about the safety of the golden state pilot program. tracy: head injuries threatening the big business of professional football. we have a doctor ahead doing
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cool breakthrough research how to prevent them. ashley: add smart socks to the ever growing list of smart products you may not live without. why they do everything. measure how far you're running. there is no smell factor. all ahead on this snowy hour of "markets now." top of the hour. time for stocks. the stocks are off big gains recently yesterday. let's go down to nicole petallides on floor of the new york stock exchange. nicole, the dow, just slightly lower today. >> we had a couple days of gains for the markets right now,% snapping that. but not dramatically. actually hovering around the unchanged line as we sate so desperately on the fomc tomorrow to find out whether or not the fed will or bill not taper that bond buying program of 85 billion a month. the dow is down 21 points at 15,863. s&p down five points as well. we've seen most of the names on the dow are actually laggards. verizon, microsoft, ibm, some of
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the names that we've been watching. but on the plus side, 3m, visa, cisco, intel, boeing, are some of the best performers. we have long-term charts we're taking a look at. you do see here, that's the dow but for the year, you see the dow down 21%. s&p up 33%. nasdaq up 25%. it has been a great year. hewlett-packard has been a gainer today. jpmorgan positive call much back to you. tracy: thanks, nicole. we'll see you in 15 minutes. president obama's meeting with tech ceos at the white house just ending and high on that agenda the judge's ruling questioning the legality of nsa spying on phone records of every american. peter barnes joins us live from the white house with all the details. hey, peter. >> hey, tracy. this meeting lasted more than two hours t was with the president and 15 top executives, technology executives inconcluding tim cook, ceo of apple. marisa mayer, the ceo of yahoo! and others. and, the, the jay carney,
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white house press secretary jay carney finished a briefing with us. he said he could not confirm that the ruliig on the constitutionality of this nsa surveillance programs yesterday was discussed but definitely nsa surveillance programs were discussed. president according to carney said he wanted to hear tech executives concerns. he wanted to explain how he sees these programs. and, he canted to reiterate he is engaging in a comprehensive review of these programs and intelligence gathering. that will conclude in january. here's what carney said. >> we need to look at our activities through the lens of making making sure we're doing what we can and should but not just, or what we should to keep ourselves safe and not just what we can because we have the technological capacity to do it and i think that is sort of the way framework the president has been approaching this review.
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>> carney repeated that the justice department is reviewing yesterday's decision but that the administration believes and the justice department believes that the programs are constitutional. back to you. tracy: hmmm. still subject for debate. peter barnes, thank you very much. >> you better than expected. ashley: to our twitter question. edward snowden said a judge's decision slamming nsa phone surveillance vindicates his leaks to the news media. is here row or traitor? we'll have your answers on bottom of the screen as we get to this story. first hear from the case's plaintiff himself, larry klayman who convince ad federal judge to rule nsa snoop something likely unconstitutional. thank you so much. you must be happy today. >> you're welcome. >> let me begin with this question, is mr. snowden a hero or a traitor? >> i wouldn't call him a hero. i would say we owe him a great debt of gratitude.
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he did the wrong thing going to russia but we would have never learned what was going on at nsa without him. we would never have gotten a positive decision about from the judge without the information he revealed. he caused the nsa to cough up and make admissions to the outrage just abuse of constitutional rights, biggest in american history we've ever seen. frankly we owe him a debt of gratitude. ashley: right now it is at the trial court level. there are many levels to go yet. it will go next to the d.c. circuit court of appeals. two judges have been appointed there by president obama.3 where do you think this goes next in the process with regard to the appeals process? do you think this is going to be up held or do you think you're still in losing battle? >> let me make it clear. let me make it clear. the government will lose, no matter what obama says, no matter what enablers on capitol hill, democrat and republican said, they will lose. this is a violation of the fourth amendment. unreasonable searches and seizures. it is a violation of the first amendment, freedom of speech,
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rights of association. it is a violation of due process because no american had the ability in all 300 million of us, are subjected to this outrage, had the ability to go into fisa court and complain and seek to overturn this decision. and as far as the company that is are meeting with obama today, they're collaborators with the government. much like during the third reich we have industrialists collaborate with that government in germany. i'm not equating the two exactly but, the government could not have done this unless verizon and others rolled over and we have nformation that the government's overpaying on contracts with verizon and internet companies and other cell phone providers in effect bribing these companies to get this data about american citizens. ashley: larry, listen, you know, it hasn't been described as a, there has been no expectation of privacy up to now from 1979, there was a case smith versus maryland whereby we know that the phone companies know who we're calling, number we're
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calling, how long we're calling for. nsa says they're not actually listening in on the calls. they're just looking at the patterns which was upheld in back in 1979. is it your contention they're actually listening into phone calls and reading our emails? >> absolutely. there has been an inspector general report from the nsa which they were forced to make where they revealed there have been over 2700 violations of the law just in the last few years. in fact nsa employees are using this prism program, this metadata which gives you all this information about our lives, to spy on their girlfriends, boyfriends, husbands an wives. if lower officials are doing that, think what the power players at the top are doing. i might add, the nsa has been caught lying on tens of occasions before the courts and clapper, who is the director of national intelligence has been caught perjuring himself in front of congress. frankly he should be in prison. ashley: very interesting. we'll follow it every step of the way. larry klayman, thank you so much for joining us. we appreciate night you're
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welcome. tracy: hmmm. ashley: good stuff. a lot more to that story and of course we say it goes to the appeals court next. ultimately by all accounts it will end up with the u.s. supreme court. tracy: he is confident the government is not going to win on this one. ashley: yes. he is the plaintiff. so we'll see. tracy: facebook has a money-making plan but are those pop up video ads going to cause subscribers to unfriend the social network? jo ling kent will investigate that ahead. ashley: check out this video, proof that you are never too rich to want freebies. we'll tell you why sir paul mccartney needed help from his friends at the mets became last night. tracy: with the snow coming down in the east delay your christmas gifts? god, i hope not. heroes at ups on its busiest shipping day of the year. as we do at this time of day. look how oil is changing, pretty much unchanged at this time. $97.31 a barrel. we'll be right back.
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tracy: we got to give you a quick weather update. a winter weather advisesy in 13 states as snow continues to
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fall. totals of four inches for philadelphia, new york, maine, new hampshire, massachusetts could see upward of six inches in accumulations. commute home in new england as wind guuts are expected to reach 40 miles an hour. so be careful and let's take a look at that misery map of the nation's airports. kind of hard to see. chicago and new york city, no surprise, the worst of the bunch. over 730 flights have been canceled today. and actually, it's like that when it is sunny. ashley: i was going to say, perfect weather, same story. well the question is with all of this snow get in the way of your christmas package deliveries? gives you a good excuse. peak shipping day for ups. adam shapiro is live in louisville, kentucky, at the ups world port facility. adam. >> what is a little snow to ups. 29 million packages being just today. our photographer will show us these are some of the 20 mine million packages which will go
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aboard aircraft like state art of the 676. it has winglets for fuel efficiency. they will fly to hundreds of airports. the planes are lined up. in hour 1/2 it will get busy here at world port. meet captain dan sherlock is one of the pilots, ups who will fly, 1900 different segments take place from world port every day. that is the story of today. today is our peak session in the afternoon. we'll move almost two million packages today. >> but that two million, we should tell everyone, watching, two million is nothing for ups. peak on this facility, december 23rd, 7.7 million. 34 million were actually shipped todays but delivery of 29 million is a world record. you're a part of that, and part of the one of the world's largest airlines. every day you could go somewhere else. what is that like? >> fascinating time for us here
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at ups. in today i'm on reserve myself. i've been text messages all afternoon about 5:00 will be probably my show time for -- >> five for you. 757? >> airbus a300. >> the a300 behind us is a md-11. you could wind up going anywhere, north america, mexico. >> north america, canada, mexico is most likely where i will go today. >> about time will you get your orders so to speak? >> probably soon after this interview i will have an idea. they're developing that plan right now. it will probably be overflow volume situation. we're following airplanes up to a destination. >> dan sherlock. all the best to you. >> thank you. >> have a merry christmas and happy holidays. safe travels as i throw it back to you. keep in mind, these aircraft have roughly 260 just during peak season. they have 237 full-time in the fleet at ups. look. it is a stunning sight to behold. peak week at ups.
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29 million packages delivered today. men and women in brown trucks working hard for you. ashley: as you are, adam shapiro. they're all fueled up and ready to go. adam, thank you very much. we appreciate it. tracy: quarter past. we have to get a check on the markets. nicole petallides on the floor of the new york stock exchange. what is going on, nicole? >> i'm looking at 3m and boeing, two dow components with up arrows because of news. hey the dow turned positive moments ago. up about eight points. the vix took a breather here. look at 3m and boeing as we talked about. they did both raise their dividend. i'll begin with 3m. 3m an industrial company. they have everything from scotch tape and bandages and post its. they raised their quarterly dividend by 35%. they will buy back $22 billion of shares the next five years and said they will be moving forward with acquisitions through 2017. quickly trying to get to boeing. share buyback of 10 million and
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raised dividend 50%. dow components with dividend paying assets that people love. back to you. tracy: thanks, nicole. see you in a bit. tackling brain injuries in the big money-making nfl, big issues. we have a guest next who is working on some cutting-edge research for them. ashley: meanwhile that bipartisan budget is one step closer to the passage. up-to-the-minute coverage in your fox news minute coming up next.
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>> 20 minutes after the hour i'm lauren green with your fox news minute. things are heating up in eastern europe. new reports suggesting that russia is deploying missiles to an area bordering poland and lithuania. as tensions rise between the west and russia over troubles in ukraine. ukraine's president scrap ad promise to forge closer ties to europe. instead aligning itself with russia. congressional budget deal clearing a major procedural hurdle in the senate, despite a republican filibuster attempt. the bipartisan agreement facing one last vote before it reaches president obama's desk. final approval requires a simple majority of 51 votes in the senate. and, megamillions fever in full swing. folks rushing to buy lottery tickets ahead of tonight's
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drawing. the jackpot is soaring again today, this time to a near record $636 million. if someone doesn't hit it big tonight, it is very possible that the prize could jump to one billion dollars. those are your headlines. back to tracy. even if you don't believe the lottery, one time you should do it. >> you're right about that. i'm a disbeliever. lauren green, thank you very much. >> sure. tracy: okay. so here's tomorrow's business today for you. with brain injury becoming a increasing concern not just for big business of professional sports but also for parents like me, doctors are looking for ways to track damage while players are still alive. that is where brain research pioneer dr. julien bails comes in. gratefully he joins us now. doctor, so glad you could be here. really up until now, we didn't know what was going on. unfortunately until the person was dead, right? >> that's correct, tracy. only by autopsy, by taking the brain out after death could it
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be told before. this is a new technique in living people we hope will be very, very helpful and very illusion dating what is going on. tracy: let's explain what is going on. we have a picture of the brain and what happens. when you get hit in the head multiple times and get these concussions what happens to your brain? >> we think most of the time it probably heals and it is not a problem. there are a certain subset that have, going to have what we think is degenerative problems or ongoing inflammation of the brain. when it happens and happens repetitively, may not be just known concussions. may be subconcussive blows. we know that in many contact sports, football, soccer, hockey and others there can be tens of thousands of hits potentially through the course of a long career. that's why in a subset of these people it could be important to make that diagnosis while they're alive. tracy: so we're looking now at
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an image of brains that are swelling because of just so much impact. and then, things start to leak and we're not, i'm by no means a scientist so i will not pretend to understand it all but that is where the damage begins. what does your research do while they're still alive or what's it proveing? >> this is a pet scan and this is done as ucla dr. gary small, dr. george bario led this effort for a number of years. we're glad to be part of it. it shows how protein deposits in areas of the brain where you shouldn't have any and characteristic pattern very similar to what has been seen in ct sufferers and autopsy in the past. tracy: so ct, chronic traumatic encephalopathy if i said that correctly. >> yes. tracy: most people at this know the story of belcher who shot his girlfriend and shot himself. his family had his body exhumed.
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all this when we can track it when people are alive. to your point, not just in the nfl, my son plays football and in 7th grade, less and less kids are coming out for the sport because parent are sayings hey, it is not worth it. >> well, there is a trend like that. i think there is some thoughts in that regard but we don't know about mr. belcher. we don't know if he had ct. we don't know if he had ct-like changes or protein if that would explain his behavior. his case is unique. it will be interesting to see what is found but we're still got a lot to learn. this work at ucla is preliminary. it doesn't definitely answer all answers yet but we're very encouraged that it may open a window, a glimpse to this process while someone is still alive when perhaps we can be able to help them. tracy: yeah, god, i hope so. for all, as you said, not just, we're not just talking football here. i know girls in soccer who get hurt and get concussions.
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sir, i have to ask you about the football players reaching this $765 million settlement against the nfl. there is argument to be made that if you become a nfl player you're setting yourself up for this. >> i think we're learning a lot more than we ever knew before. decades ago we didn't know this was such an issue. is it assumption of risk? i'm not certain. that is for attorneys and legal experts to answer but medically we're making progress i think and hopefully ct will soon become a thing of the past. tracy: god willing. doctor, thank you for doing all of this for little people like my son who are coming up the ranks in football. dr. juneian belis thank you very much. >> you're elcome. ashley: here is question on the minds of market, to taper, or not to taper. keep it here on fox business network 2:00 p.m. eastern tomorrow for the best fed day coverage. we'll have the decision and fed
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chairman's ben bernanke last news conference and we'll have a panel to explain what it means 2:00 p.m. eastern. tracy: last one for him, huh? ashley: last one before he -- tracy: cake, something? better be something for the guy. ashley: i would love to see ben bernanke blow out candles on a cake that would be great. make it very interesting. tracy: it could be so interesting sometimes. ashley: tomorrow will be interesting. >> tomorrow will be the best one of them all actually. he is going out with a bang here. next half hour of "markets now", driveless cars coming to the golden state. california's deputy dmv director here on "the jetsons"-like plans. ashley: san francisco's free wireless internet plan. tracy: plus jo ling kent whether people will unfriend facebook over a new video ad? that is a good question. the dow is up nine points right now. don't go anywhere. [ male announcer ] here's a question for you:
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start a tax-free business at startup-ny.com. >> 90 minutes until the close, take a look at your dow 30. your losers today microsoft, mcdonald's, verizon at the bottom. nicole petallides, what are you looking at? nicole: right now to the downside down about 3%. it is substituting revenue that it received from managing. a specialty finance company that kkr financial holdings has.
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$2.6 billion deal, this is obviously a big one. the value 35% premium the end of monday. there it is up about 28%, moving big on the deal. >> thank you. driverless car could be on the road sooner than you think. would it be directly california department of motor vehicles is getting prepared. you say this technology is closer to reality, how close are we talking with mark they say
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they will have driverless vehicles on the roadways before 2020. >> you have to tell us what it is like and what you have to do. give us the lowdown. >> we have not tested them, we have been in the car as part of the demonstration. working with a lot of manufacturers, as such we need to find out what their capabilities and what their limitations are. we have ridden in them, as it operates down the roadway, i can tell you it is a little scary at times, but it is amazing what these vehicles can do. adam>> would you have to createa separate roadways for these cars? could you have a driverless car go near a school when they're te coming into school or out of school? i imagine a lot of challenges just for the infrastructure. >> absolutely be at those of the
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fact items we are talking as we develop the regulations. we are working on the operational regulations now, but as far as any infrastructure changes, these vehicles are being designed to operate on a current infrastructure, so there is no improvements that need to be made, they can operate o on e city streets along the freeway's as they already sit. lori: it is a little scary to me, but yet you think these cars are going to prevent accidents at the end of the day? how so? speaker that is why the manufacturers are working on this. there are 30,000 fatalities on our roadways every year in the united states. the vast majority of those fatalities are because of human error. one third of those fatalities are because the rates have never
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been applied. the technology exists to help. nobody says they are not going to be in crashes, but every admits they can drive much, much better than a human ever cared. adam: would you need a special license to drive one of these cars? >> that is one of the things we are discussing. we need to make that determination here in california on whether or not there will be a special license and there are pros and cons to both. we are looking at that now to determine if a special license is required and if so, what kind of a test to we have to give. >> demised me of kit from "knight rider." i will be the first to say i see more accidents because of texting, people on the phones.
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is this the wave of the future, we will all be passengers in our own cars? >> i think there will be a long time that the self driving vehicles are going to share the roadways with the vehicles you and i currently drive now. over time they will be more and more of the self driving cars that will not be all of a sudden one day you see all of these cars and drive them. you will see incremental change over time as manufacturers put out different technologies that allow for the driving functions to beat taken over by the car. >> if there is an accident, i am not responsible, i am not driving. >> that is a big question as well. a lot of issues we have to deal with area did liability is certainly one, insurance is another big one. cyber security is something as well as privacy concerns.
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>> thank you so much for taking time to get us up to speed on driverless cars. tracy: i am a prime candidate for these cars. >> my wife as well. she does not drive on this side of the road. that is the way to go. tracy: she and i will volunteer to prototype. all right, gm owes you, the taxpayer come over $10.5 billion. this buy a ton of cash on hand, the ceo is rejecting paying it back. ashley: these google animallike robots are so cool. we could not resist bringing them back today. a new study warning entrepreneurs like the ones who came up with these may be a dying breed in the u.s. isn't that disturbing?
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tracy: vary. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. [ male announcer ] fedex one rate. but with less energy, moods, and a low x drive,ily first. i saw my doctor. a blood test showed it was low testosterone, not age. we talked about axiron. the only underarm low ttreatmene t levels to rmal in about weeks in most men. axiron is not for use in women or anyone younger than8 or men with prostate or breast caer. and children should avoido are contact where axiron is applied as unexpected signs of puber in children or changes in body hair or increased acne in won may occur.
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report these symptoms to your doctor. tell your doctor about all medical conditions and medication serious side effects could inude increased risk decreased sperm count; ankle, feet or body swelling; enlarged or painful breasts; problems breathing while eeping; and blooclots in the ls. common side effects include skin redss or irritation where applied, increased red blood cell count, headache, diarrhea, vomiting and increase in psa. ask your doctor about axon. >> i am lori rothman with your fox business brief. pfizer reached a patent agreemenn allowing them to sell generic forms of viagra in 2017. they could launch a generic version several years ahead of any generic competitor. microsoft board says they expect to name a new chief executive in the early part of 2014.
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many had expected microsoft to announce a replacement for current ceo by the end of this year. get this, the world and anna supplies at risk currently science journal nature of fungus thought to be contained in asia spread to jordan. the fear is the fungus could movmove on to latin america, hoe to 80% of banana export business. that is the latest from the fox business network, giving you the power to prosper.
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ashley: the outgoing ceo of gm telling taxpayers forget about it, we are not going to repay the $10.5 billion you lost on our bailout. elizabeth macdonald says there is even more to this story. >> good to be with you.
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the federal government took a roll the dice and they lost. here is the gm ceo, take a listen. >> taking a ride like you do when you buy stocks to go back and pay that back. i can tell you there would be shareholders that would be difficult to defend. the die was cast back in '09. it played out, i think, for the national good. >> he is talking with the jobs that were saved, the tax revenue, the coming of the door of the bailout of gm. when he is talking but investor lawsuits, he is talking about gm moving to reinstate the dividends and they would be mad if the cache on the balance sheet was not going toward the dividend but went to repay the $10.5 billion that taxpayers lost on the bailout of gm. $28 billion in cash and equivalents on the balance sheet at gm, what is happening is gm is using its cash to build plants in the united states, it is interesting new line not
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coming back is about $10 billion or so of that is the amount gm will spend to invest in the jobs here in the united states. the u.s. government rolled the dice and didn't make the money back. ashley: thank you very much. tracy: are entrepreneurs like the ones he came up with these robots a dying breed in the u.s.? serving 800 employees and business leaders to see where innovation stands in corporate america. they found troubling results. oversaw the study joins us now. i actually think it is a big bummer because because they are not being entrepreneurial because they don't have time. >> that is right. people want to be entrepreneurial. we are not solving problems
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relevant to the company, we're confusing the volume of stuff we are working on with things that will drive out business problems. tracy: how do you do that? do i say to go sit in a room and think? >> the opposite as what i would suggest. we want people focused on specific problems we have defined in advance. bite off a chunk and i would like your idea how to fix this. i like to reward people for their efforts and energy to solve the problem. not just rewarding output. it forces the risk back on the employee. they are not willing to take the risk. tracy: because why bother. i am only rewarded if the end result is a good thing. you said to look externally.
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outside the confines of the building? >> a lot of the best innovations we have found around the process are when you collaborate with people not inside your function, so people working next to you, people working downstream define the boundary of the real problem. we have a lot of entrepreneurialism. not many jobs are being created, 41% of jobs created our government jobs. 7% is unemployment but if people did not stop looking for jobs it would be 11%. those are people who want to contribute. it is very much alive and our job to figure out how to market it. find the problem in advance, don't ask your employees to be unstructured. six months is about the length of time employers give employees to fix something or they kill the project. 12 months is about the time to make progress on the biggest ideas so a six-month gap, and
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then the third thing on the right idea, make sure short-term to fix the problem. tracy: what is the push-pull method you talk about? >> as a boss i need to define in advance what i need you to work on. employees should be very conscious of what they are spending time on. not a matter of a halve energy, i will find something to work on. ask and make sure what i am working on helps the company. tracy: it is going to better your career at the end of the day. what about the people who want to come up with the next hot gadgets? there was somebody in their basement coming up with that stuff, what about those people? >> love the enthusiasm but as a boss was a don't miss the quarter, don't miss the year. there are some interesting things. let's figure out how much time we can work and allocate for that magic thing.
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now you have a sense of how much time and energy you are going to put into that because one of the things i don't want as a boss or an employer thinking it is okay to spend a whole bunch of time working on something that may or may not matter to the customers. tracy: now we're back to somebody has to go down to the basement after dinner and create the next google robot. >> they may have to stay down in the basement for a while. tracy: thank you for being here. ashley: all right, time time for your text minute. they promised 10 years in the making. wi-fi to 3 miles along the famed market street after some political bickering in a mayor's office after contracts with google: city has built a network which is opening and operating the service faster than many home base networks. back in 2007 when gavin newsom was mayor he proposed sweeping citywide access. it is a start.
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31 city parks free wi-fi for at least two years. howdy, partner. yahoo and nbc offering live streaming coverage of the 2014 olympic games in russia. 1000 hours of live events on the website. if you cannot get enough, full rewind and extensive video highlights will also be available. but there's a catch, much of the streaming will be available only to paid tv subscribers. on your mark, get set, go. runners check out these smart socks, sensors on their heels to put together data. working with a mobile phone app to drag information like speed, distance, altitude. the device identifies injury prone running styles and uses the app to coach how to fix
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their step. i cannot imagine what it would say to me. it is available for 399. tracy: my socks would say "get up." ashley: "get off the couch." [laughter] tracy: how about unfriending facebook over video ads. starting later this week on your facebook newsfeed. ashley: proof you are never too rich to want free stuff. that is paul mccartney. a little disappointed at the game last night. tracy: take a look at some of the winners and losers on the nasdaq. up about 4%. the dow up 1 point, working on it area did don't go anywhere, we will be right back.
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tracy: unfriending facebook over video ads. joining us if they will reject to these. >> every time ads are introduced, people say they will leave and they are never going to use the service again and then they end up using it anyway. video ads will be shown in your facebook newsfeed part of an initial test. we know this is the beginning of a big change. the ads which facebook announced they are testing will begin on the web and smart phones. it did not introduce a time length limit but a plan to offer 152nd clips to advertisers. one of the first ads will be for the lions gate film "die
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version." on pricing and how much it will cost, facebook said in a statement we do not disclose pricing the goal for this test feature is to be premium advertising format on facebook and tended to reach large audience at specific times. the ballpark looks to be about $2 million per day to reach the full adult audience according to facebook executives talking to the "wall street journal." it is up more than 1% right now, and raising the price target to $68 up from 52. raising the target price from 62 from 60. so some good news for facebook but in terms of the critical question here, can facebook save the teenage users, can they get more? a lot of them are gone already, this is probably going to be a big challenge and not be attractive at all.
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a lot of the new social media apps so popular among young people have no ads yet, snap chat does not have advertisements, instagram has just started and super specific, trying to make them part of the lifestyle. i think this is not good news for facebook, certain demographic they need. ashley: social media world is so hard to keep people's attention. >> i think facebook has to think about what it wants to be in the future, how it wants to make us money. this will be something adults will see and perhaps pay for, those products may be successful, but i don't know. a critical demographic of the future. tracy: once grandma is involved, the kids are gone. >> once mom is involved are.
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ashley: thank you so much, we appreciate it. from the facebook to prove no matter how rich you are coming always want that free stuff. you recognize him, that is sir paul mccartney. seems like he was at the game last night in brooklyn at halftime w they were giving out the t-shirts. he is really bummed he did not get one. nothing like the feeling of getting something for nothing. get him a t-shirt, did not make it happen. tracy: part of the kill, getting something. ashley: that is great for the nets. the world's largest aircraft company after his deal with aig. liz claman will be sitting down exclusively with the executive
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director to find out his plan for the newly formed global bohemians. what it all means for investors. don't go away, we will be right back.
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♪ ♪ liz: good afternoon, everybody, i'm liz claman. it is the last hour of trading, and it's almost like you've been eagerly anticipating the season finale of homeland, only everybody and their brother's been offering their two cents on what's going to happen. i guess the same could be said about the wait for tomorrow's fed decision, everybody trying to get in their idea of what the federal open market committee's going to do during its last meeting of 2013. and we'll finally be be able to stop guessing whether we'll have a december taper meaning a scaling back of the massive bond-buying purchases the fed's been doing or whether it'll be put off until next year.
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so it's really actually only a matter of months, but everybody wants to decide anyway. today we did get a sense of the economy which the fed says its decision hinges upon the u.s. home builders and the way they view the economy. the national association of home builders sentiment rising to 58. what does it mean? anything above 50 is good, and it's an increase over november's reading of 54. it also matches an eight-year high reached in august, so, folks, that is very good news. ironically, it didn't lift all the home builder stocks, but you can look at groups, as we look at hovnanian, that one is moving higher, but again we see a little bit of weakness for dr horton and kb. mixed picture. the markets, not a lot to write home about. in the last hour i saw the dow try and go positive, didn't get there. it's kind of flat at the moment. we're looking at the basics of the market and saying forget the macro, let's

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