of upgrades too. [closing bell ringing] >> new high for facebook. upgrade by jpmorgan and a real winner. david: on a day as liz was saying with a lot of ups and downs, the market is ending down, not by much. the main point what is happening tomorrow is so much affecting what is happening today. there is a lot of expectations what might happen. we'll see the market set up for tomorrow. some individual stocks belying what you see here. what you see here is basically a flat line. we have some individual stocks popping up both up and down we'll get into within the next hour. liz: time for your front page headlines right now. top federal reserve officials begin their two-day policy meeting today and tomorrow they will announce whether they will begin to scale back thh fed's massive bond-buying program. david: the latest annual inflation numbers remain well below the fed's target 2%. the department said prices rose 1.% in annualized rate.

monthly inflation was basically unchanged. liz: the national association of homebuilders says confidence among its members rose this month. that is the 7th straight month of baines for the index. david: president obama has been meeting with silicon valley ceos and they include, healthcare.gov, website glitches and government surveillance and. liz: senators voted to cut off a republican filibuster by 67 votes to 33. this clears the way for a final passage the measure. david: at&t's stock is slightly lower today after the telecom giant announced it is selling its wireline operation in connecticut to the regional telephone operator, frontier communications. frontier's stock surged on the news. we've got a busy hour. stay where you are. "after the bell" starts right now.

liz: it may look like the market was relatively flat but there was action. we're here to talk about it with larry shover, fsg chief investment officer who is here to tell us what he thinks the fed will tell us tomorrow and how the markets will react. mark shell lady in the pits of cm he. scott, looks like the market was flat, to slightly lower, no real direction. at love jumping up and down across the flat line but where do you see any kind ever sentiment that indicates what might happen tomorrow? >> liz, that is the best question out there, liz. you know what? i think we'll not get a taper announcement tomorrow. but what i think should happen i think with all the fed's talk about forward guidance, they should give us some forward guidance on a taper. how about this? let's taper july 1st as long as we keep seeing numbers go our way. if they start to go south we reserve the right to push the taper off. i think having spoken to a lost guys in the pit and in the market the best thing the fed could do tomorrow is give us some guidance about the taper.

the market clearly is in a little bit of defensive mode. they don't know what to expect tomorrow but i still say we're not hearing anything. same ol' same ol' so maybe january. david: scott shellady that is one of the best ideas i heard yet, to give forward guidance on tapering. it is become part of the portfolio of the fed. larry, what do you think is the best thing that can happen for the markets tomorrow? >> i think the best thing could happen the fed say, hey, we're going to taper but not today but in january because the numbers justify that fact. i don't think it is good for the market if they don't taper. bernanke might pull a september and say we're not going to do it and have an initial rally and i think it will be bad for the market. i can't agree with brother scott at the cme right now. liz: scott, he is throwing down the gauntlet here. what do you think? >> well i'll tell you what, if they're truly data dependent and 7:00% unemployment rate is low because after bad participation rate, we have no inflation and

two decent jobs numbers and all of sudden the world is okay then? 40 million people are taking food stamps and 7% unemployment rate coming down fast enough. economy has major hurdles. i don't think we want to take our foot off the gas just yet. david: larry, you talked about the hurt dells before. we have a pickup in world growth. you see the world getting its act together and that will impact investment plans, is that right. >> starting with the u.s., gdp 2.3, 2 1/2%. let's face it the residential market, it has leveled off a little bit. we found a floor, not a ceiling. we have aways to go. business confidence will come back. reduced fiscal drag from state and local governments. all these things are pointing to recovery, not including europe. europe is in the formation stage of coming together. tapering is just status quo for tomorrow. liz: here is some breaking news from kkr.

this is of course the private equity fund and buyout office. this operation is now closing what had started as a real estate fund because of course they have made so many deals. they have done extraordinarily well. the news this is the first real estate fund for kkr. they have made one dozen invests. they're closing it at $1.5 billion. so it is obviously done well. they have the firm's employees investing nearly $300 million in this new real estate fund so. what does that say, scott? it says that maybe there is some real effects of what happened real estate, commercial and otherwise, finally stablizing and we're returning perhaps yes, the old new normal or normaller, or more normal. >> i'll take it from there. how about this? we've seen the slowest recovery that we've ever seen coming out of anything we've ever had before number one. number two, i sat through some of those investment portfolios where folks try to get to you

plow your money together to buy a bun of houses. >> yes. >> the reason why housing markets gone up? there is nothing for sale. they have bought them all. wait until you see kkrs selling all they bought off. that will depress the west and southwest. i think housing market has a long way to go. if you want to brag the housing market finding a bottom, good luck. we have a mountain in front of us. david: here is another thing going on, larry. you have a change in housing financial structure. banks don't do what they used to do. government is in more of mortgages in terms of the housing market more than most banks are. nine out of 10 mortgages come from fannie and freddie. so there's a change. nevertheless despite the change and rock and roll in the financial industry you're recommending two financial stocks, jpmorgan and wells fargo. why? >> i just think we have a long way to go. we have found a floor, not a ceiling. let's keep in mind wells fargo will produce stable returns. maybe not superior returns but also keep in mind that wells fargo is deriving their p&l from

89 different identical revenue streams. it is not just mortgages. mortgages are a big part but not the only part. jpmorgan, regulatory, legal, trading problems, every day we read the newspaper there is some kind of problem with jpmorgan. i think that is fully baked int. keep in mind, they're starting to expand much more into wealth management, credit card fees, revenue, the fee structure changed dramatically since 2009. their position as our economy continues to grow and continues to grow out of this deep dive we've taken they will do very, very well in the future. >> like owens corning. give us a line about why you love this namm right now. >> i like stocks on sale. i think owens corning is a stock on sale. let's face it. we've had a cyclical recovery. one fragmented and broken. like what i really, truly believe our building recovery will continue to persist in 2014, 2015. good cash flow. the revenue stream is good.

equities are pretty good. with that in mind they're recipient of a good building recovery we'll see in north america. david: scott, you and larry are kind of the young and yang of the cme. when we get notes from larry every morning at 9:00 a.m., they're three pages long. your notes are three lines. one of those lines from your notes, 10-year truth serum. what do you mean by that? >> i tell you what, if larry was right and we were doing that well we would go back to 3, 3.5, 4% level we had before all these problems. i think 10 year is telling us we still have a lot of problems ahead. there is stuff been put out lately don't get too crazy about the 10-year yield rising. we could see 2% at the end of four four. -- 2014 boil it down to the simple truth. one camp think the fundamentals of economy justify equity prices today and other camp said we're 180% higher in equity prices than lows of 2008. do you think the economy is 180%

better? absolutely not. those two camps will fight it out. fed is in the middle. 2014 is the story. we'll see who wins. liz: larry, who is an optimist out there? i certainly am. fox business certainly is. our viewers who are traditional business investors love to believe america's fought back, they're coming back. whether you believe what the fed has been doing is sort of smoke and mirrors, okay, fine. you can not deny businesses are created. parker said we decided to start eyeglass business. they have been doing extremely well. they're still growing. you can't count out the spirit of american business is alive and well. >> i agree with that and i'm a big optimist right now. i think the fog is starting to clear. scott is right, we do have a lot of hurdles to climb but we've done a really good job climbing some of these hurt dells. with that in mind, business confidence is lacking because of all the dysfunction in washington and fiscal drag on gdp.

2.3, 2.5 gdp. i'm very optimistic. we've fallen down a long flight of steps. we have a long way to go. david: you guys look pretty good for a long fall. thank you very much. scott shellady, we'll be back with you in a couple minutes. liz: thanks, gentlemen. >> okay. david: it could be a record breaking day for the shipping giant ups. adam shapiro is at the world core facility in louisville, kentucky. that could give us a look what is going on inside the company. liz: former chrysler and home depot ceo bob nardelli joins us in the house in a fox business exclusive. we're talking chrysler, most, part owner, fiat has been unable to launch an ipo this year. could it happen in 2014. what will be the valuation? who's a winner. who's a loser. what will the stock look like. david: smart guy he is. our facebook question is about the federal reserve meeting. it goes on now. tomorrow we hear the news. do you think the fed will begin

tapering this weekend? how will markets react to that? log on to facebook.com/afterthebell. your answers coming p. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platfm. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...she.

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liz: shares of panera bread are falling on a weak fourth quarter outlook. nicole petallides on floor of the new york stock exchange. nicole you. >> need customers and even high-end ones to do really well. ing did a close look at panera bread and came out with numbers less than desirable. it closed down 1 1/2% at 168.95 but they took a look at the numbers and they said they're citing unexpected slowdown for high-end customers. they expect same-store sales are flat and as i told you, if you don't have customers coming in here, weaker they say, itg sees weaker-than-expected fourth quarter sales and comparisons for panera. panera today pulled back. year-to-date it is up about 6%. and much like mcdonald's and burger king worldwide. those are both up 6, 7%. but chipolte mexican grill is up 60%. liz: we like panera.

it is a study. david: they have been good to fox business. liz: jeff flock. david: they make good stuff. thank you, nicole. what do you think the guys in the s&p futures pits are trying to do right now? trying to read from our man in the fed. scott shellady has some idea. what do you think there, scott? >> i would say right now it is 50, 50, whether fed does something, that is what guys behind me are telling me. maybe a little more because some more than don't. 55-45 for some sort of a taper. i'll stick with what i said, i think most prudent thing they would do is give us forward guidance on a taper later to make sure the numbers are going their way. go back to what you were talking about with larry. look, if you were telling me we would have two, 2 1/2, 3% growth, got no inflation and jobs at 7% and 40 million people on food stampps and we're pumping$5 billion a month in the market i would be embarrassed. we should be growing 5, 6, 7%. that is the america i know. that is the america viewers

know. we need off fed sugar water and cain and crutch of zero% interest rates. i would like to get off the taper faster rather than later. right now it just doesn't warrant it. david: it is interesting, the mood in the pits earlier this week it was 70 there would be no tapering. now it is about 50, 50. we'll have to see. right up to the edge there. liz: we'll have it right on fox business. >> yes it is. liz: peter barnes of course right there with ben bernanke tomorrow for the news conference. he will of course ask the smartest questions. david: thanks, scott. liz: with christmas right around the corner today marks the busiest shipping day so for far ups. how is ups able to handle all of those packages and what goes on behind the scenes to make sure you get your holiday gifts and friends and family get them on time? david: joining us for a look on the ground at ups's world port in kentucky is fox businesses adam shapiro. right on the tarmac, adam. not bad. >> right on the tarmac. is that not a beautiful sight behind me, liz and david?

757. ups has 75 of those. one of 237 aircraft in the full time week for peak week where we are is nipping ups. they lease a few. they will have from this facility in kentucky, this hub. they will have roughly 1900 takeoffs and landings just today, flight segment and every day of this week going forward. roughly 2300 worldwide. every day because it is a shipping 29 million packages delivered today. take a look. another aircraft is getting loaded here. 29 million packages delivered today. 24 put in the pipeline yesterday. when we saw ups's third quarter earnings, they talked about what they expected in the fourth quarter. they said volume would be increased domestically 3%, 4% internationally 3, to 5%. we don't have the raw numbers yet. this is a company that had 54 billion in revenue in 2012. third quarter revenue, they were up. it was 13.52 billion.

it was a slight miss if you recall from what the street expected, 13.6 million. but they're rockin' right now. 29 million packages delivered today. 100,000 vehicles on roads delivering packages. as you can expect that they are all smiles at ups. even with the bad winter weather we've shown you in the past how they coordinate with their thousands of software engineers and logistics engineers to fly around bad weather to make sure packages get delivered on time. they're moving again as we speak. i want to show you one last time. this 767, 55,000 people working part time for the holidays shift here at ups. they're just getting started. peak week has just begun. december 23rd, 7.7 million packages will move through this facility. they moved 400,000 packages an hour. think about that. i'm lucky if i can move one file a day. david: amazing place. fedex has a facility like that.

ups outside of the post office is the biggest in the world. it is an amazing place. liz: adam, only thing prettier than the sight of the plane and all people working is the stock. the stock over the past three months has done very nicely. good story. >> new 52-week highs. david: good stuff, guys. thank you very much. our man, adam shapiro. tesla asteism smaller car could join the model s in the electric carmaker's lineup much earlier than previously thought. we'll tell you all about what could be a game changer in the market for affordable, yes, tesla will make affordable electric cars. liz: speaking of the car business, former chrysler ceo bob nardelli is here in a few moments to weigh in on at automaker's fight to launch an ipo amid fierce opposition from the united auto workers union. he has the exclusive picture what might be going on inside. stay tuned, bob nardelli next. ♪

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david: time for a quick speed read, of some of the day's other headlines, five stories in just a minute of the first up, tesla could unveil a new model that won't electrify our wallet at auto show in detroit in 2015. the tesla model e could sell in the $40,000 range. it will be available for purchase between 2016 and 2017. jpmorgan is selling global special opportunities group, an asian-based investment. it could fetch more than one billion dollars for the bank. jpmorgan reportedly attempting to trim down the operations in step with regulatory trends.

lohman's filed for bankruptcy again. third time is not the charm for the company which is planning to liquidate its business. microsoft will release windows phone 8.1 update with a notification feature with a siri-like personal assistant. the update is reportedly set to launch in april. the reward for most instagram location in 2013 goes to a shopping mall in bangkok. the luxury mall in thailand beat out times square and disneyland to claim the top spot. [buzzer] liz? liz: i know you're interesting this one. fox business exclusive. you saw fox business interview with general motors yesterday. each three u.s. automakers turning a profit for the first time in nearly a decade. general motors investing $1.2 billion in plants across the country. chrysler looking to go public. can chrysler push through its ipo in the face of opposition from the united auto workers union?

joining us now in a fox business exclusive interview, bob nardelli, former chrysler and home depot ceo. currently chairman, ceo and founder of investment advisory firm xlrh. >> good to see you, liz. liz: when you see they couldn't make a go of it in 2013 for ipo of chrysler do you think it happens in 2014. >> first of all i couldn't be happier for all of my friends at chrysler and people that have made so many sacrifices to get it where it is today where it is profitable. they had a great november as you look at the numbers as you said. so you know, there's, there's a disagreement i would say between the uaw's view on the shares that they hold and one of the ways they thought they would get a fair valuation is to do an ipo. i know fiat is negotiating separately to try and buy those shares. so, it's a real, it's a real paradox how does the chairman of

fiat chrysler do a road show to get the best value and then negotiate what obviously would be the lowest price in buying those shares for, from fiat? liz: people are calling it an outright conflict of interest. >> yes. liz: sergio mark keown knee offy yet. fiat owns 61% of the shares of chrysler. uaw is on other end, 41.9%. >> 41. liz: 58% versus 41%. the uaw seems like it has a contentious relationship with him. am i missing that? i think to myself why? let me play devil's advocate. >> yeah. liz: he reopened some plants in michigan. the jeep cherokee is doing well. what is the problem here? >> i don't want to say contentious. fiat obviously wants to buy those shares at what they would perceive a reasonable price. the ua-w has an obligation to its pensioneers and so forth to get a fair market price.

it seems to me there's a gap but i don't know but maybe the fact they pulled back on the ipo this year was that they're getting closer. just my opinion. i don't know but it could be that they're getting closer to a negotiated price. if not, i think the union will probably push for an ipo to get a fair market valuation. but youyou know, chrysler's doing great. liz: chrysler is doing great. who would have thought anybody could say that five years ago when there were so many troubles. >> we did. liz: you believed it. >> we believed it. the people have worked so hard, liz. if you think about the platforms that are driving the profitability, are the platforms that the, you know, cerberus team put in place while they owned it. the new 300. liz: where you had been as you were put in place as ceo? >> yeah. but, i was blessed. i had a great team around me. ron gettelfinger couldn't have been more supportive. liz: of the uaw. >> of the uaw making these decisions.

>> that is an important point bob just made. the fact that management could say positive things about union leadership, it just showed how hard you guys worked to come to agreements. >> yeah. liz: looking at health of chrysler today, i keep bringing up jeep. i would argue, my jeep grand cherokee was the best car i didn't v i didn't like it was a gas guzzler but best car i ever had. >> it is getting better. liz: jeep lives and that is beautiful thing. >> one of the best platforms we put in place. we went in and changed, we listened to the consumer report. we made over 400 quality improvements. we did a new challenger, new charger, ram 1500, "motor trend" truck of the year. a whole new lineup generating% tremendous profitability for chrysler. liz: here comes the question, valuation. >> yes. liz: "morningstar" valued it at $10.1 billion. >> yes. liz: do you think that is an appropriate valuation for chrysler? is it too low? is it too high? >> well if we, if they take it to the market and do an ipo i think the market will determine

whether that's a fair valuation or not. liz: ballpark? >> i'm probably biased, i think it is worth every penny. that is just my opinion and the market will determine the final valuation but again i hope, i hope for everybody's ben fit that they are able to get that resolved. they get a fair market valuation. so that the pensioneers and the people relying upon those fund to support them and health care costs come to fruition. liz: let's say there is an ipo. make the case for our viewers to buy shares of chrysler versus general motors which has proven after a rocky start of being a publicly-traded company again to be a viable, viable auto industry company. >> again i think, dan has done a great job there in that transition. mary will be stepping in and has to continue to carry the torch. but i think to your point, you

know chrysler is good, don't buy shares on me. i think chrysler is a very good bet. they have a very strong team. they're making continue us improvements both in the product, aspirational aspects of those vehicles. for the consumer. improving gas mileage. improving customer satisfaction. improving performance, lifetime maintenance costs all the things we work so hard to put in place. liz: isn't it fair to say, we believe everybody getting a fair shot in this world, and u.s. auto worker arguably created the middle class in this country, that the, the unions really made so many mistakes in the0's and perhaps early 90 that's that led us to real problems. what do they have to lose with an ipo? >> you know i don't think they have anything to lose. and i would say that -- liz: a lot to gain with an ipo? >> i'm not sure you would put all of the blame on the union between the '80s and the

'90s. i mean -- liz: management signed on to some of these contracts. >> exactly. exactly. i think there was culpability on both sides. i think, god gave us another chance at this thing. i hope we don't blow it, you know and fall back into heavy discounting, overproduction, stuffing the dealers. so, we worked on all of those things during this transition to come out the other side, you know, stronger with better potential and longevity. so i hope they do that but i think, regardless of an ipo or if they're able to negotiate a fair price, i think the good thing here is that we will have accomplished what we wanted to do, get chrysler back to its legendary brand. you know steve feinberg, the founder of cerberus, is a real patriot and that was his goal and unfortunately through the bankruptcy, you know the government in their wisdom saw fit to give chrysler away and i couldn't be happier for its

ability to generate the profitability and the irony here it is bailing fiat out. liz: that is interesting, isn't it? well, thank you so much for your perspective. having been there at a most important developmental stage of chrysler, we so appreciate it. >> i think it's great for america and great for american jobs and great for american products. >> go chrysler. >> yes. liz: bob nardelli, thank you so much. >> thank you, liz. liz: thank you. david? david: would be good to get chrysler back in this country from the italians. with banks giving up old lending practices to the government, the fed and crowd funding folks, is it time to put your banking investments elsewhere? we'll go into that coming up. thiss the quicksilver cash back card from capital one.

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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 axiron. david: our banks dead? well the mortgage market is now controlled essentially by the government through fannie and freddie. dodd-frank and the volcker rule strongly curtail financial banking activity and there is so much money sloshing around in bank vaults in federal reserve deposits a case could be made it is costing banks money to keep your money on deposit. so is it time to think of alternatives? that is exactly what investor place.com editor jeff reeves has been doing. he joins us with several alternative financial plays. thanks for coming in. it is very provocative -- by the way i stole the title of your article, are banks dying or are banks dead? there is something happening to

traditional banking. explain what it is? >> you look at recent numbers, lowest number in the great depression. david: we've gone from 18,000 down to about 6900 of the we've cut it more than half. >> yeah, there's a lot of factors behind that. most obvious and most recent is the great recession. it caused a lot of consolidation, financial crisis. but bottom line, because of a mix of factors that include consumer choice and regulations and some kind of technological advances we've seen last 10 or 15 years there are fewer banks than they used to be. i think there is personally less growth. i think banks will not always be a bad investment. people have to be honest where they will make money and profits for investors going forward. david: remember, we were supposed to be cutting back on the big banks. we have fewer banks and they're getting even bigger. nine out of 10 of all the new mortgages are either owned or guaranteed by fannie and freddie. so there's the housing component of what banks used to do.

mbs. s, mortgage-backed securities, used to be held by the private sector. fed is buying most of them up. so what are banks doing? >> well, i mean, banks are increasingly pushed to quote-unquote traditional banking. they take your deposits and traditional lending account with lending here and there. high regulatory oversight involved. there is lot of stuff going on right now. the volcker rule recently, to limit banks on what they can and can not do. even banks that weren't involved with risky prop trading like the famous jpmorgan "london whale," there are banks that will still have to comply with regulations even if they never intended to do the same type of aggressive prop trading to begin with. david: let's talk about who is taking their place and how to bet on that. there is of course a paypal, a big component of ebay. that is one group that is kind of doing banking business, right. >> people need to look at normal banking as wave of the future. i personally don't use cash that

much. people will always love cash but mobile bank something a real important trend of the future. i think, maybe paypal isn't going to figure it out. google has google wallet. there will be startup that is get into the space going forward. i think this is area of opportunity especially as you look how people use their money. another play i like is visa or mastercard. they take a little bit after fee along the way. they're not banks. they take a per swipe fee per transaction. more cashless transactions happen around the world but not just the u.s. and emerging markets get more debit cards and do electronic transactions visa will be there. i don't think there is that much growth ahead of some of the big domestic banks, i think they have some challenges but i think there are opportunities. david: there is the transaction side. on the loan side we're fascinated by crowned funding s there a play to be made with that as we see increase in crowd funding with places like kick-starter? >> not directly yet. people can dabble.

if you're talking about a well-diversified portfolio there is room to slip a few jobs there is a play called, b of i holdings, bank of the internet. it doesn't have any brick-and-mortar locations. they do all depositing and lening online. there are other sites like lending tree people might be familiar with, where you go you do conventional banking not just at conventional bank. you don't have to go to crowd funding there are opportunities with digital form of legacy banks we're familiar with is competition banks of america and wells fargo need to look at for. david: there is whole new world of banking. jeff, thanks for bringing to it us. >> my pleasure. liz: when it comes to balancing risk and rewards you may get the best bang for your buck in mid-cap companies. mid-sized names, we're bringing some of those names that you need to pay attention to coming up. david: also facebook is rolling out new ads. we'll break down what this could mean for the entire social

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make it happen with the all-new fidelity active trader pro. it's one more innovative reason serious investors e choosing fidelity. get 200 free trades en you open an account. david: mid-caps continue to outperform larger companies as we head into 2014 with the russell mid-cap index up over 28% so far this year. is it too late to add this asset class to your portfolio? liz: joining us is chase investment council portfolio manager here to tell us why mid-caps will continue to grow in 2014 and more importantly, three ways to get into the action. good to have you, brian. >> thanks for having me. liz: how a mid-cap stock first off. >> mid-cap is between one and 15 billion. that is everything from the newer, more, more emerging growth companies up to a little more developed ones. david: but is it too late to get? we've seen it go up like gangbusters over the past year?

>> it certainly has been a good asset class. mid-caps has been the best performing asset class foo 10, 20, 30 years but we still think there is room because of the earnings growth potential in that space. they are at a little bit after premium and they have done well but we think they can perform because of that earnings growth. liz: mid and small cap stocks are riskier because they take what money they make to reinvest in the company. >> sure. liz: it is exciting because the risk comes from growth opportunity there, the risk/reward ratio how do you see it in 2014. >> i think till will be more of the same. mid-caps offer a good risk/reward tradeoff compared to large and small. in the mid-cap you get some growth in small caps but get the with less risk and better liquidity in those names. so those are good things for investors. david: let me draw out a little bit what you're seeing f there is gdp growth and it remains sluggish as it has been over the past four or five years the small and mid-size companies

have more room to manuever. they do better in a sluggish growth economy, right. >> absolutely. they certainly can. they're less tied, in my opinion to overall gdp growth because they can operate in specific niches or areas where they're able to grow regardless what the overall economy is doing. liz: stocks were so cheap about a year-and-a-half ago. what are the valuations like now in mid-caps? >> they're certainly higher than they were a year-and-a-half ago and it has been a little bit harder here to find really good values. we're still finding them and still finding companies that look attractive relative to their growth rates but i think it's a fair statement to say that they're a little bit hardtory find than they were a year ago. david: let's get into it. you have some names here. jardin corporation. we love the folks at jardin. they do the yankee candle, coleman. they're into mainstay middle america stuff. >> yeah, they certainly are and it's a great growth story. very consistent growth. one of the things we like most about that company the way they have been able to diversify their portfolio of brand through

acquisitions of things like yankee candle. they have very wide assortment of brand of the everything as you said, yankee candle, crock pot, k-2 skis. they may actually have a decent snow, nice ski season for a change. we think they have a good portfolio of products and good growth. relatively inexpensive. 14 times next year's earning. for the growth they're generating that is pretty good valuation. liz: when it comes to valuations euronet worldwide is little bit richer. looking at trailing pe, it looked a lot more double-digit percentages here. why do you like the company? it has a great run up of 100%. >> it has had a great move since we bought it and it's a little on the expensive side, 20 times forward earnings, obviously a little more on the trailing basis. they're growing 20% this year. we think they will come in close to 20% next year. so you're paying for that growth. it's a company not as many people have heard of. they're a financial services and

technology company. they have business ranging from atm networks in europe to money transfer where they compete with say a western union, to things like prepaid phone cards and gift cards. so, if you're buying a google play card in germany you're a euronet worldwide is getting a cut. david: alliance data systems is another one of your picks. we've run out of time. brian, come back to see us. from chase investment council services. >> thanks. liz: facebook is revamping its ad strategy to take on old media but the makeover may not be as attractive to facebook users as it is to the advertisers. we have the details on that next. david: and it may not look like very much but it's a green village where homes can command huge prices. we'll tell you all about it when we go "off the desk." ♪ [ male announcer ] e new new york is open. open to innovation.

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liz: facebook hit a new all-time high today, $55.18. it could be in part due to revenue streams that are new here. the social networking site adding new features including video ads that will make their way to your news feed sooner

than you note it. david: this could really transform the way advertising could be done. jo ling kent joins with us more. this means a lot to all the social networking sites. >> absolutely, david and liz. video ads will start playing in your facebook news feed both on the web and mobile automatically with no sound as early on thursday this is part of a initial test but we know this the is beginning of a big change. facebook wouldn't indicate how much ads will cost, saying we don't disclose pricing. the goal of the test feature is to be a premium advertising format on facebook intended to reach a large audience at specific times but "the wall street journal" reporting that the ballpark range is $2 million a day for access to all adult facebook users. facebook says one of the first ads will be for the lionsgate film, divergent specifically for facebook. no word what other companies will be posting soon. now other developments on facebook you should know about. earlier this week the social media giant add ad donate now

button for non-profits to take contributions. good idea but there is convenient side-effect. facebook allows you to save the credit card information on the site, making it easier for them to use that data, contact info for their advertising and data arms. speaking of data and privacy, facebook is analyzing what you type into your little status box even if you don't post it this comes from a paper recently published by two facebook employees call unposed status musings, self-censorship. looking what the official facebook policy is, it says we receive data about you when ever you are, when ever you use or running facebook such as when you look at another person's timeline, send or receive a message, search for a friend or a page, click on, view and hear's the key word, or otherwise interact with things use a facebook mobile app and so forth. now the policy does not say facebook collects what you do not share. so facebook responded saying that the company believes

self-censorship is the type of interaction covered by the policy we just mentioned. remember this is the same company that just last week published an open letter with other tech giants calling on president obama and congress to reform and limit surveillance operations. their ceo, mark zuckerberg, himself called for new limits on what kind of information is collected by the government. so taking a look at the stock it's up. closed nearly up two%, 1.59%, liz and dave. david: after gathering all that information they have the gall to point their finger at the nsa. it is a little hypocrisy, isn't it? >> it is indeed. david: jo, thank you very much. the federal reserve's final two-day policy meeting of the year is underway as we speak. we asked you on facebook do you think the fed will begin tapering this week? how will the markets react to that? we have some of your comments next. liz: like to live like the wolf the wall street at least during time he wasn't in prison.

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david: let's go "off the desk." now you can live like jordan bell for the, leonardo dicaprio's character in the wolf of wall street that three-hour film. the penthouse used in the film has gone on the market with asking price of $6.4 million.

that is not -- liz: that is not bad. david: bernie madoff's is 17 million. setting for 90 era's film the home is full of 21st century renovations. seen where they beat up the butler and dank felled him over the balcony, threatening to drop him. the lobby has been used for "gossip girl," "curb your enthusiasm." liz: charming behavior, dangling a butler. we asked you on facebook if you think the fed will begin tapering. jim wrote in the fed won't taper this time but rather first next year, first meeting. david: of course that leads us to the number one thing to watch tomorrow, the federal reserve's statement. they are meeting now but will release the statement at 12:30 p.m. eastern time. federal reserve chairman ben bernanke's news conference begins at 2:30 p.m. eastern. investors will look back when whether the central bank will begin scaling back its

85 billion-dollars a month bond buying program. liz: peter barnes always seems to ask fed chairman ben bernanke the news breaking question at the news conference. you have to tune in. david: melissa is now. melissa: the government spying scandal as a paying customer what are your other options to make sure the government isn't listening in? is the next step a class-action lawsuit on your dime? even when they say it's not, it's always about money. melissa: some good news if you're worried about the government listening in on your phone calls. a federal judge has ruled against the nsa's controversial surveillance program, seeing the practice likely violates the constitution. is a class-action lawsuit next and if so, how much money is that going to cost you? here now, former