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tv   After the Bell  FOX Business  December 24, 2013 1:00pm-2:01pm EST

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2014. ashley: blackberry seems to make things today 43%. nicole: right on the ball. watching names like blackberry on the move. >> nobles make it 62 points to the upside, a great week, great month, great year for the dow jones industrials. settling 16,357, the s&p jumping another 5 points. that is a record. the nasdaq up a fraction of 1% but a 6 point again the russell 2,000 moving four points bringing it to 1161. after the bell starts right now. liz: wishing you merry christmas eve.
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>> red and green, works well. liz: whatever you are doing, wrapping presents, working, peaking cookies, we are like family. dysfunctional, but let's get to the market action. brand will be, asset management president who says investors should avoid highfliers as we head into 2014 and platinum partners president thinks the bullishness in this market is alarming and why he thinks that and tim mulholland on the pits of the cme. equities once again charging ahead my courses that a race. >> couldn't get a better backed. >> couldn't get a better backed up with accommodative fed. they could be the beneficiaries of increased capital spending so it all works pretty well as we close the year out. >> why is this bullish
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sentiment? >> when peop go wrong they are more likely to jean share lines. more people can shake their minds to the negative than the positive which is why it is a consistently bearish sign for the market when high percentage of investors are bullish. liz: more appropriate question for somebody like you who has that perspective is when did you start feeling that way? lot of people have said the same thing and had we listened to them we would have lost money if we took money out of stocks. >> i am one of those people, i have been calling this correction since july 4th, i have been surprised by the strength in the economy and in the market. i am impressed but i still feel it has gotten ahead of itself and we are do for a late bull cycle, serious correction in
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2014. >> one thing we can agree on is the volatility sentiment is very low. the vix has a 12 handle right now. it is weighed down. how long does that last? >> we will see that change in 2014. it will come back. too much going on. too much good stuff. we have that. >> if you think is inevitable that this volatility index is going to rise you can't write down the vix directly but should you buy into something like the vix right now? >> i would not do that because i like to buy companies. i can tell you what a company is worth, earnings and so forth and when he played the vix and so forth, i don't like to speculate. and higher price. and the bottom but still something to put my arms around, this is a good business i can
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hang on to even as it goes lower than i am buying that. liz: they realize the trick. my dad used to say you will navarrone the top of the market or the bottom but if you can get around either region you might be ok. that is an old trader added too but are we near the top? do the traders feel that way? >> traders of looking at trend. reduced number of equities, the fed being accommodative. what people looking out for and the warning signal could be the bond market and the bond market hasn't even exceeded its summer peak yet. 3% in the ten years of we will be watching closely. that will be the key driver and profits when you look at the profit picture everyone grants and raves about the great profits, the share buyback help to enhances that but when you
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look at the gap, earnings to the ira's versus which they were operating more report to investors as we look at the spread has been widening so there is a little room for earnings this year but the trouble starts if the bond market becomes disorderly. dave: if you look at the fundamental they don't look bad. consumer sentiment is way up. not all the housing numbers are good but most of lamar. basically some good fundamentals, gdp growth continues to grow. how long can you afford to be bearish? >> the question is are the numbers going to continue to be so consistently positive as they have been and natural regression suggests there will be some negative economic data. kind of believe we are seeing a bifurcated economic recovery where the upper 10% of the population is driving that. that makes it hard to sustain and we are likely to get disappointing numbers even in the first quarter of 2014.
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liz: where would you put your money? if you feel that way where are you advising people to not just invest in park money but get some drills here? >> what you need to do is remove the market risk from your investment and be in ahead kind of investments where you are still as tim said creating or creating that value from the names that you are adding but not taking out hedging on your market risks. as far as other asset classes like natural gas gold is a reasonably safe haven. there are 4 in more markets like china that are more interesting in the u.s.. you could have ainteresting in . you could have a series correction in equities. dave: you can find some stocks that can and down over the past 12 months. cash america is one of them. why do you like it?
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>> after these companies of gone down, they are down now and cash america is a company they had trouble because of a day loans, changing the business model. a high of $54 a share, up their earnings going out to 2014 -- dave: what did they do? they are described as a loan company. what exactly is that? >> pawnshops. you bring your stereo in -- dave: okay. >> change your business model to keep up with the times, now getting installment lower, 6 to 12 months to get away from the payday loan problem they had so they are changing the business model. i think we turn on investment like 120%. year. it is a great business model, that is why they sell them at 54, 37, to buy at good strong company when no one else wants
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it. this business will be 12 or 18 months from now, a round 50, 55, 18 months from now. liz: we have a couple people, i find that very interesting. back to something you said i want to clarify. would you wait for it to fall? how about the minors? >> i definitely like the more than i don't. if gold got to 1100, i would be a lot more excited. the range we are in a channel right now and gold may be 1050 to 1500 so at 1200 it is pretty attractive giving you the 2:1 risc/reward ratio to jump into a new asset class. the miners are more leveraged way of playing the commodities. dave: share buybacks, people like it because it deuces up the stock value but there -- you printed all your money in share buybacks you are not putting much in future development.
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is that a problem for companies going forward? >> absolutely. we go back and i will use citibank's as an example even though it is a different firm. they are buying back a record amount of shares and doing at record highs in the market. city bought their share bit buyback program $50 a share in 2007, reverse split adjusted the equivalent of $4 or $5 in the share price today. that doesn't make a lot of sense or seem like it is a good deal in the long run but the idea is if companies are doing that and pain that shareholders, maybe they don't have any ideas but in the long term it is important companies do invest in expanding capacity and invest in infrastructure and new ideas and research and development. that is a good long-term story. share buyback is a short-term story. liz: look at share buybacks, i would say be where. often times there agitator investors are pushing the company or ceo, take the cash and put it in a share buyback,
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may be appropriate if there was a big pile of cash but there are other companies that would rather wait until the fish did swims by that they want to acquire they can then buy it versus just teasing me large investor. i wonder how useful those things are. >> your dad was a smart man by the way. the buyback, they are good. the financial statements, make sure there was while doing. some companies borrow money which was a terrible thing to do but the buybacks and how much into the company, income statements, you see what is going on with this business. make sure we are buying the right company, a buyback stock, paying the dividends but still not taking the off the ball and in that business so computers grow for them. liz: great to have all of you.
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my dad was notoriously bad investor. he always says kodak, put you kids through college, but it low, sold it high. >> i know what you mean. liz: happy holidays. lovely to have you. we will come back before the futures close. thank you. dave: it is down to the wire for retailers, holiday shopping season ramps up. we will tell you which ones knocked it all of the park and which ones floundered. the names you should be putting under your christmas tree coming. liz: how do you sell volatility? the virtual currencies bit:plunging dramatically from $1,200 to 500 in the month of december. is this virtual currency on the brink of collapse or is it only the beginning of a bright future? tell us what you think. is a bit:the currency of the
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future or a bubble about to burst? log onto facebook.com/"after the bell". we have a top guest to talk about bit:and whether you should be looking at it. [ male a announcer ] need help keeping your digestive balance in sync? try align. it's the number one ge recommended probiotic that helps maintain digestive balanc ♪ stay in the groove with align.
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close. to mulholland in the pits of the cme. >> the last week of the new year. it looks like we're going on highs a record year. and the bond market. dave: thank you very much. liz: baron was in the last hour and may be the last thing you should do on the last trading session of the year's closing bond funds. we are putting this on the face book page so check it out. steel names moving to the upside following today's news from a case deal. nicole petallides on the floor of the stock exchange. nicole: it is all about steel
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prices. and a case steel, made the announcement commack and along with including u.s. steel. and they hit 52 week highs. they have an offer yesterday by jefferies, the price target. we are watching all three of these names in the idea of where it flies, makes more money. dave: a lot of retailers offering customers things like extended hours, longer lasting deals, free shipping but at the shopping season comes to a close we want to know what worked and what didn't to drive sales. joining us is bill kantor, experience marketing services general manager of global research. congratulations. i have seen your company's name everywhere. they are the last word in our retailers are doing and it has
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been a very challenging season for retailers. what is hurting them the most? lot of brick and mortar stores have not been staring so well. >> there are a lot of challenges. the first is the short season. the other challenges, mixed signals in consumer confidence. looking at our own consumer confidence index what we are seeing is it really depends on who you are in terms of how you feel about the economy. we find the good news, online consumers are up 3% in terms of their confidence over the previous year. the big challenge for retailers is those considering making big-ticket purchases, down about 20% in their confidence this year over last what that means to retailers is those people considering making big purchases are probably going to play a game of chicken with retailers to find out how long and how low these discounts will go before they pulled the trigger. dave: let's put a name out there right away which is amazon
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because i didn't realize this. i heard from your own research, its market share is 25% of all -- 25% market share, up the number 2 is three times less. that is walmart but amazon is ruling the roost. >> amazon's performance is nothing short of incredible. of visits to amazon comparing this week versus the same week last year up 20% popping in and 205 million visits from the u.s. alone and i think that the testament to just how confident those online consumers aren't they are willing to go to amazon to get their purchases versus going to the brick and mortar stores. dave: walmart as three times fuhrer online purchases. have they found that nice balance between brick and mortar and online? >> i think they are but there is a lot of room to improve all brick and mortar stores to challenge the online pure plays
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going into the next year. finding ways to take advantage of their differentiation which is they have online presence, but advantage of the store, to feel them. that will be the big challenge for those brake and mortar stores going into the holiday season. dave: best buy's stock is up 400%, they seem to have figured it out. >> if you look at top products, x box 1, ipod minnie, all electronic devices, that bodes really well for retailersslike best buy, the fact that they have these types of products available to sell.
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dave: those retailers that don't have the electronics, they had huge discounts, these discounts and sweeping sales haven't seemed to work this year, have they? >> it has been challenging and time mentioned earlier the game of chicken between retailers and consumers. how low can these go? we analyze consumers and found s areenot intended by deals, discounts, percentage of. these retailers are offering sweeping discount across the store. i think the other thing to look for this coming year in terms of retail are look for those retailers that are able to differentiate between consumers incentive by deals and those that aren't. to the extent retailers can figure that out and push discounts to those intended by deals but not the others they will not leave money on the table and they will do better next year. dave: what will happen, j.c. penney, gap, are they going to
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move more to an online development or are they going to still maintain their brick and mortars? >> they will do both. they will play to the advantage of the brick and mortar store but be more sophisticated in their online strategy. the marketing group, we have seen this year that e-mails going to consumers up 7%. it is not just about more volume of e-mails to consumers but becoming smart, finding a way to time this and get discounts into the right hands and get those consumers both online and into the brick and mortar stores. dave: bottom line sales up 3%, if you take out the online services it is a big drop for the brick and mortar sales >> it is a drop but a challenge going forward and will be interesting to see who rises to the challenge and find a way to figure this out. dave: thank you very much, appreciate it. one of the most popular smart phones in the market is
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vulnerable to the big security gap that could allow hackers to intercept your data. you don't want to miss the details on that one. liz: mortgage rates rise with the federal reserve decision to begin tapering bond purchases. will the housing market stay on a solid foundation in 2014 or will it start to crumble? we will tackle that one coming up. [ male announcer ] here's question for you:
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dave: the day's headlines, five stories in a minute, medical device maker boston scientific expanding operations in july aiming ffr a 30% sales over the next five years. for all hyundai customers who own models with fuel economy ratings the automaker will be offering four method of compensation including a single lump-sum payment and lifetime reimbursement program. despite the automaker's trouble
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with battery elated fires, to asthma's model has been reaffirmed as the safest vehicle in the u.s. according to national highway traffic safety administration. the model receive 5.4 for overall vehicle safety and stock was up as a result. a new study showing samsung's top-selling galaxy smart phone vulnerable to a security gap which could allow malware to track and record information on the phone. vulnerability could allow a hacker to easily intercept secure data of user. according to a new report hewlett-packard planning to introduce several tablets, the devices will cost between $250 and that is today's speed read. a little late but we have aalot of stuff. liz: they are best side pocket. liz: the economy is growing, faster than most economists expect with third quarter gdp
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registering the fastest pace in two years but as mortgage rates rise and the federal reserve begins tapering how will the housing market fare in 2014? dave: mixed data about that. rich edson joining us with the latest on the house marked with the data. >> economists say in showing improving markets the home sales fell last month compared to october, monthly drop of 2.1%. the commerce department said new-home sales hit a seasonally adjusted annual rate of 64,000 last month, that is compared to some the 4,000 in october. that month was the fastest pace for home sales in july of 2008. median price of a new home jumped to $260,000, an increase of 10.6 over year ago. mortgage applications hitting a 13 year low. in the latest weekly survey of mortgage association says low applications fell 6% from the week before.
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these figures include those applying to refinance their loans and mortgage rates. freddie mac latest figures on the fixed mortgage rate shows an averageeof 4.7% up from 3.37% a year ago. one housing economist says rates are increasing and still low. >> that will present a head wind, but i want to put this in perspective. look at interest rates and home prices and household incomes affordability is attractive and even if you factor in a percentage point rise in mortgage rates over the course of the next year we are below long-term averages and affordability. >> there are risks to housing recovery especially with high unemployment and uncertainty surrounding the fed capering schedule as the fuhrer mortgage bonds it buys the more rates will increase. back to you. dave: thank you. liz: one of the important base
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metals used in housing is copper, there is a sink or trade around 11:30 a.m. at the cme that cost the price of copper to spike. there you see it. according to dow jones that trade, copper trading at 335 and next thing you know jump to 344, $3.44 a pound. what they are going to do is eliminate all trade above $3.42 a pound because it was a fast finger trade apparently, an erroneous trade immediately reported to the cme global command center group. the erroneous trade caused the spike and the spike was the highest level in eight months so highly unusual with no news so that trade will be eliminated, a 11:49 eastern time. dave: we will find out how many trades are adjusted in the end. it is the season for holiday movies. the industry is turning them out and big box office sales are
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expected but which ones will come out on top and which ones will flop. we will place our bets. liz: the big bond guru bill gross says we are living in a, quote, bitcoin age. our next guest is the blunders confusing digital currency. he will tell us what he thinks the value which has plummeted from $500 a month will rise. find out if not all is the time to get your hands on this virtual currency.
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. david: breaking news. we broke this a little bit earlier in the day. the first legal challenge to the volcker rule has emerged. the american bankers association filed for immediate stay on the volcker rule provision. rules provisions will cause substantial harm to community banks. so now the lawyers have got it. liz? liz: david, talk about volatility, in december alone the price of a single bitcoin, virtual currency, has traded between $450 and $1280. 10 trillion bankers and regulators all around the world are chattering about it and ratcheting up warning about this currency, but, some are embracing it saying the rest of us don't see the true light. overstock.com, we reported this, they will begin accepting
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bitcoin as payment next year for its product. is a bubble in the works for bitcoin or is it the wave of the future. we have the wedbush managing director. gil, fair to say you stand on the side of rah-rah bitcoin? >> i certainly think there is a lot of value in the technology. the technology that bitcoins represents in terms of decentralizing trust, creating ability to process transactions not through the traditional hub and spoke but through interesting and mathematically based decentralized network is very valuable. bitcoin is the main conduit and main raw material used in this network. therefore it has value but technology itself, certainly has value. i think implications of the technology may be very far-reaching in the future. liz: talk about where it is trading right now and who set this level? i consistently try and study this because we're talking so much about it but how does the
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price level get set? is it simply demand? we know supply will always be capped out at 21 million bitcoins, correct? >> yes. so it is the fluctuations and demand and changes in the friction in the market, liquidity of the market. exchanges opening, access to the. >> changes, things that are very tactical and in the short term. this, i would liken this to try and value what facebook is going to be like 10 years ago in mark zuckerberg's dorm room. very hard to tell. liz: tom. >> we're at very early stages. this is almost price discovery mode and the potential on the upside is tremendously high just as there is theoretical potential there would be a better coin that replaces bitcoin and renders it valueless if bitcoin continues to be the main vessel of this technology it will be worth far more. liz: well, for people who are just wonder about the value of it, in its growing pains, it is feeling pain from central
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bankers and other exchanges. we put up a list of the latest stumbling blocks bitcoin has endured. some involve china's central bank blaming bitcoin investors on a recent cyber problem. you have btc china, which is the biggest bitcoin exchange in china. they stopped, i don't know about it is temporary but accepting yuan deposits for bitcoins. pboc ordering 10 payment processors to stop working with bitcoin exchanges. you have the reserve bank of india warning against using these exchanges. i went on the bitcoin site, bitcoin.org. i see different exchanges, coin based.com, coin market, bitcoin brokers, bit quick, mount gawks. how do you know that these are legitimate when you buy one of these? i guess the value is around $450 a bitcoin at the moment. >> that is very important. what i point out is that western countries such as the u.s. are working more on regulating bitcoin as opposed to outlawing or embracing it. just applying the current
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regulatory framework on money transmitter businesses and financial institutions, applying that to bitcoin businesses. so you look at a business like coin base that's a vc-backed or circle, big vc-backed companies that are legitimate. you can look into their connection to banks and other companies. these are legitimate businesses that you can go to now. i do think you need to be a little cautious in dealing with exchanges that are outside the u.s. as an individual investor. liz: sure. >> that certainly would warrant caution but there are legitimate businesses and we're just getting started. it really has been just a few months this industry really existed to this extent. you will see a lot more innovation going forward. >> i like your analogy to the early, early stages when mark zuckerberg was putting together facebook in his dorm room but mark zuckerberg never put a cap on how many people could join facebook. this thing taps out at
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21 million bitcoins. do we anticipate a crash at some point? >> that is just the mechanism of how bitcoin works. it is actually then divviesable into 100 million, each bitcoin is divviesable into 100 million units. it will grow as much as needed, as much as it can justify. if it serves as very efficient payment network better remittance and cross-border payment and micro payment and it will divide itself into smaller and smaller units to serve that purpose. liz: would you buy it here? if it has been at 450 now and been more than 1200 looks cheap? i don't know, hard to wrap your mind around it. we have the vice-chair of berkshire hathaway, charlie monger calling it rat poison. again when i brought that up to a vc, venture capitalist out in silicon valley, he rolled his eyes that is because charlie monger is an older gentleman and doesn't understand the way of the future.
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it is a pretty smart older gentleman. he is a multibillionaire. would you buy it here? >> i would say it is certainly worth paying attention to the technology and where it evolves. if bitcoin itself, the coin ends up being the main manifestation of the technology it is worth far more than trading at today. liz: can i also clarify for our viewers, there is no real coin you get, right? >> no. it's a virtual coin of the it's a digital coin. it is based on crypting tography. it is, what you get, if you really want to feel something tangible is a long string of numbers and digits that you can print out and hold in your hand and that is valuable and you can feel that you have that value in your hand. liz: oh, i can feel a long string of numbers. boy, i'll tell you, we have xm satellite radio listeners, channel 113 listening, they're trying to envision it. our viewers are trying to envision it. gil, thank you for articulating a bit more what bitcoin is all about. thank you very much. >> thank you. liz: gil luria.
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david? get it? david: i think i'm little wary. i'm there with monger and other that is have questions about it. will scorsese's "wolf of wall street" devour movies or will a grudge match between two hollywood legends be the one to beat at the holiday box office? boeing is looking for a home for its new $10 billion plant. where it ulttmately breaks ground will have huge impact on the local economy. the future of its new plane. a lot more next. ♪ is is e quicksilver cash back card from capil one. it's not the "limit the cash i earnvery month" card. it's not the "i only earn decent rewards at the gas station" card. it's the no-games, no-signing up, everyday-rewarding, kungu-fighting,
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david: tomorrow christmas day is a very lucrative one for the movie industry. last year films gross ad
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whopping 74.9 million domestically on that day alone. liz: christmas week is always one of the five highest grossing weeks of the year. what is trending this year during this holiday week? with us, the editor-in-chief of rotten tomatoes. matt, so great to have you. right off the bat the big buzz that "anchorman 2", you know, call it a flop but, disappointment? >> yeah, i don't know that i would call it a flop but it certainly didn't meet expectations especially after all that media hype. liz: tom. we'rr showing a clip. that scene of them walking on the street is one block north of fox business. you can see our building in the background for those of you who actually care. david: for that reason alone it should have had 100 million in sales. matt, on the other hand, we have "the hunger games." you knew that was the first film would come out of my mouth. i love "the hunger games." i love the whole franchise. i can't wait for the third part. but the second part, i talked to at love people already seen it
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twice. >> yeah. that is the kind of movie, it has a bills-in audience likes to see it a few times. you know, it is a primarily younger audience, especially weighted towards girls. they make it an event out of going to see it a couple of times. that is great box office. it is absolutely the zone "twilight" hit and to a certain extent the first "sex and the city." there is tiny business to be had encouraging groups of women to go see a movie together. david: first of all, i'm neither a woman, nor am i young and i have seen it twice. i wanted to get that on the record. liz? liz: get to "american hustle." that has a lot of buzz but what about "wolf of wall street"? that one is 2 hours and 59 minutes. it will start getting going. people seen it. some love it. some say a little long. where do you stand on this one? >> i personally really liked this movie. the critics mostly like it on our site in the low 80s on the tomato meter this is a long
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movie. that will hurt its chances at the box office simply because from a practical aspect you get less showings every day. doesn't help it is r-rated film. this movie is very raunchy. i like it. it is really great. this is not a kid as movie. a very hard r-rated film. david: then we have "grudge match." i have no idea what i'm going to encounter. it has stallone and de niro in it, two guys who have done real classic boxing movies. they are two of the, real legends in our lifetimes. what do you think will happen with this movie. will it be a classic or ho-hum? >> i don't know that it will be a classic but i think it will do pretty well at the box office this weekend. i'm not sure anyone was dying to see rocky take on jake lamotta. they look a little old and tired in the ring. the movie is not that great. critics are not wild about it. the star power is undeniable. i think it will draw in audiences.
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liz: i like the promo, i loved it. it looks great, funny. come on, why not. "47 ronin" that already is getting negative buzz. >> oh, "47 ronin." this is going to turn out to be financial disaster for universal much this is a story based on a japanese legend. it stars keanu reeves. in this fantasy story about a group of samurai taking revenge for the death of their lord. this was supposed to be out last year in 2012. it ended up on, you know, a lot of movie ended up on cutting room floor. they did extensive reshoots. budget blew up over $200 million. this will be seen as kind of a catastrophic flop. david: all right. i'm going to see "american hustle." maybe "hunger games" a third time? i don't know. liz: david? david: what is wrong with that? if you enjoy it. >> why not "wolf of wall street"? david: i might see "wolf of wall street." i might see it. >> "american hustle" is an excellent choice.
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david: blue jasmine. didn't talk about that. unbelievable acting job on that. thank you very much, matt, good to see you. aapreciate it. >> thanks for having me. david: absolutely. liz: dave, at least you heard of the ugly sweater parties? david: sort of. i never understood them. liz: we have a new one that you could add to your collection. well it is not ugly per se. it might reveal an ugly truth about your mood. we'll explain that in "off the desk." david: and boeing is searching for a new location for its new multibillion-dollar factory. our own jeff flock is on the hunt of who could win the bid. it led him to indiana. what are you doing there, jeff? >> i'm in one of the cities that is vying for the boeing 777x plant. it may not look like it is ready for prime time. but gary, indiana says it is. i have the mayor exclusively telling us why on the fox business network. stay tuned. merry christmas. ♪
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david: boeing is on the hunt for a home for its new $10 billion manufacturing plant. the company is looking deep in the corn belt. gary, indiana, as emerged as one of 15 potential locations boeing is seriously considering. liz: can you imagine? it would be such a boon to that economy. jeff flock in the hoosier state joining us live from gary. jeff? >> it gets a bad rap. some of it is deserved but look at blighted streets. you know, gary doesn't look too hot. look at this place. this is city methodist church t looks like a greek or roman ruin. a lot of city looks like this. this is postcard for urban blight. i tell you, gary has a lot going
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for it. we talked exclusively to gary's new mayor, he is fairly new, karen wilson. why she thinks gary has a pretty good so the at this thing? take a listen. >> we believe we have all the assets. we have the rail. we have the highways. we have the airport. and boeing is at our airport. they have a hangar in fact. >> chicago corporate headquarters and they keep their planes here in gary. >> exactly. so we think it's a logical place for them to grow their business, and it's a logical opportunity for us to be able to grow around our transportation assets. >> they do have a lot going for them here. i'll tell you. one of the things i think they actually have going is this is cool urban ruin. a lot of people come here. they have shot music videos this place. this is the old, as i said, the what used to be called city methodist church. take a look in here. you got to see this. this is the old sanctuary,
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amidst this ruin. maybe dave can come down here and give you a look what this looks like. people come in here all the time to look at the grandeur that was this place. take a look up in the rafters. man, you see an incredible edifice. a lot of city looks like this. it has a lot of assets. as the mayor points out. maybe gary is on its way back. david: i hope so. i also hope and pray that you watch your step, jeff. because we were looking down. you can see the floor through some of those floorboards. >> exactly. liz: right shoulder, jeff, looked like there was a beautiful stained-glass window still there? >> isn't it beautiful? isn't that just breathtaking. that stained-glass. that is incredible. >> that has to be saved. david: let us hope and pray. >> maybe made in europe somewhere. david: we were talking about the jackson 5. talking about the music song, gary indiana. has potential.
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never seems to make it. boeing could make it happen. liz: they need surrounding community that is he issue. jeff. david: jeff, great report. merry christmas. >> merry christmas. liz: do you have two left feet or need help walking in high heels? david: no. liz: we'll tell you how a new pair ever socks could help you. i have to see this. david: we asked you earlier if you thought about it coins, the currency, will it be the currency of the future or a bubble about to burst? what do you think? your answers coming up. ♪ ♪
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mm. mm-hmm. [ enne revs ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz yr wish list at the winter event going on now -- but hurry, the offers end december 31st. [ sant] ho, ho, ho! [ male announcer ] lease the 2014 glk350 f $419 a month at your local mercedes-benz dealer. re shopping. mo dining out. and a with it, more identy theft. by the time this holiday season is over, more than a million identities may be stol. every time you pull out our wallet, shop online, or hit the road, you give thieves a chance to ruin your holiday by the ti you're done watching this,
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as ny as 35 more identities may be stolen. you can't be on the lookt 24/7. but felock can. there relentless about otecting our intity every minute of every day. wn someone steals your identity and trs to take over your bank accounts, drn the equity in your home, or even tries to buy a car in your name, lifelock is on the job /7. when they detect a threat to your identity within their network, they will alert you by text, phone, or e-mail, protecting you before the damage can be done. lifelock wants you to be proteed this holidaseason. so they're giving you 60 days of protection risk free. myears as a prosecutor taught me that you have to be proacve to protect yourself from crime. and that's especially true of identy theft. that'shy i'm a member of lifelock. [ male announcer ] no one protects you better th lifelock. and they stand behind their protection with the power of their $1 million service guarantee. in fact, last year, lifelock protected over 2 million people during thholidays
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and now they cano it for you. try lifelock's protection 60 days risk free. ♪ ♪ order now and get a special holiday gift -- a document shredder to keep sensitive documents out of the wrong hands. a $ value free. ♪ ♪ because during t holidays, keeping your identity protected means keeping your family protected. david: time to go "off the desk." how about wearing your heart n your collar? it displays your mood with colored led lights like modern version of a mood ring. it was created by a san francisco based company where they transfer information about emotions to the sweater's
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color which glows to a variety of colors depending on your mood. liz: the point is? also "off the desk," a company created smart socks as a tool to help runners improve their technique but the firm says the technology can also be used to teach people how to dance, play sports or even help teach women to walk better in high heels. censors on the -- sensors on the socks record movement and via iphone app for the information. more wearable technology, david. david: we asked you on facebook and twitter if you think about it coin is the currency of the future or a bubble about to burst. jim says, it's a currency until someone loose as lot of money. then it is investigated by congress and then outlawed. liz: perfect. eric wrote in says it is worthless if you can't use it to pay for something off-line. david: we have a lot coming up, including a special edition of "stossel" by the way right after this. we'll not be on the air tomorrow
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but we'll be back the day after christmas on thursday. liz: we wish all of you a very happy holiday, merry christmas. whatever you're celebrating, make it a good and safe one. david: meanwhile a special edition of "stossel" is next. >> for our key, core constituency, movie stars. >> i pledge -- >> to be a servant to our president. john: liberties are eager to support their candidate. as if -- >> for centuries the people had nowhere to turn. no one to look to for help. until, he arrived. >> it is mind boggling the things that come out of people's mouths. >> don't frack my mother. >> don'tn' frack me. john: some celebrities say socialism will fix everything. >> socialist egalitarian system. john: more laws will stop gun violence, like that ends. >> tucson. >> aurora. john: out of same celebrities do for

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