not. let's go over to connell. connell: you sound so old and grumpy about this. charles: it is my voice. connell: over a million americans could lose their employment benefits tomorrow. what it means the economy and unemployment rate just ahead. and we have iran's bigler chief saying they are developing center fusions of uranium enrichment. when you hear about it, does it violate the agreement in geneva? working out while you are working. sending e-mails from the treadmill desk. the man behind that idea coming up with us. and a serious concussion could be a risk factor for developing alzheimer's later in life he had all that and more this hour on "markets now."

all right, thanks everybody for joining us on "markets now." rich edson in a moment with the employment benefits. stocks pulling back just a little bit. lauren simonetti handling the details. lauren: the range on the dial about 70 points today, so that is pretty tight right now. at the lows of the session down 18 points. the market still positive but just barely. if you look at the centers, they're pretty mixed at this point. utilities leading the market higher, but discretionary stocks and health care stocks lagging at this point. maybe seven record highs in a row, but might stop at six. six stocks hitting record highs today.

it still is a relatively strong day. nevertheless, back to you, connell. connell: unemployment benefits for more than a million americans set to expire tomorrow. it will expire unless congress acts to restore them. rich edson in d.c. with whether or not that would happen. rich: they will expire. democrats want to review them retroactively when they return. republicans seem to have little appetite. these are passed during the financial crisis. the law offers 73 weeks of unemployment insurance. this means you unemployment rate will fall. deutsche bank says the rate could be 6.7% by the march fomc meeting due to the benefit expiration. this is not count on the improvements in the labor market. for some, americans holding out for better job may take another

offer. economist mostly credit the bulk of the drop of the unemployment rate for americans falling out of the workforce. when they are not looking for jobs, they are not counted in the unemployment rate. democrats want to expand the benefits for one year. one analyst says they will likely discuss an extension whose passage is far from certain. >> the fix coming up this year that will need to be done was included in the budget deal. it carries a very large price tag, three types of packages will undoubtedly have to be beyond the gimmicks and identify real areas of offset so there are increased deficits added in this year. rich: the cost of extending the benefits for one year more than $25 billion. connell. connell: all right, rich. rich edson in washington, d.c., for us. wwe're joined in the studio in new york, good to see you.

what is your take on all of this community of these benefits will not be extended? >> this is the season of hope. some did not like it because it got rid of the sequester. the budget does not have this extension of unemployment benefits, workers, taxpayers are hoping these discussions come to nothing because more benefits mean fewer jobs. connell: the other side of the argument which you know very well around the holiday season, taketaking us away from people d this will hurt real people, why is the opposite of that true? >> the counter argument is a political one. even president obama's former chief economic advisor has studied this and found when you have more generous benefits, it makes sense, people are less eager to find new jobs, less eager to find a new job. with the economic bureau of economic research found was not only discourages workers but

also discourages employers from creating new jobs because they know it will be more expensive to get labor. connell: the unemployment rate actually as a result of this could come down. that is going psychologically could be a help in some way. 7% unemployment as a result of this. >> some of that is a result if you are not eligible for benefits, he may not report yourself as looking and may drop out of the workforce. north carolina ran the experiment where they reduced the benefits beyond what they could have offered given federal programs and what happened? employment but up. not just unemployment going down, but more jobs, less costly for people to create jobs and more incentive for people who don't have benefits. connell: that is your word of the session, incentives. we are getting these benefits

coming in, they don't have the incentive to go out and look. now you think we will see a lot of people say i will not hold out anymore. never job is available, i am taking it. >> incentives matter. he has come to the same conclusion. this is one of those issues like the minimum wage right, left, center, economist not moonlighting as political hacks look at the data and they say this is friction in the labor market, this is fewer jobs even though it sounds good. if you believe that. we are now five years from the recession. not just people driving out of the labor force, there's not a good argument this is making sense.

i think it is amazing what american business has been able to do with all the headwind. a big force the economy offsetting a lot of mistakes, but i don't think we will grow to our potential. connell: were not even used to it. >> washington is so dominant whether the federal reserve monetary policy or on the fiscal side. like him to step aside a little bit and let the market runoff. connell: as always, thank you for coming on, we appreciate it. moving along to talk about the market a little bit with you, treasury prices continue their fall and the 10-year yield continues to go up. we had it up to 3% briefly, first time since july of 2011. is it enough to put pressure on the stock market rally that has been all over the headlines? senior fixed income strategist at morgan stanley joining us now

to talk about all of this. i don't know if 3% is a significant number or not. appreciate that. several of our guests will focus on round numbers, yes, 3% trouble for the stock market rally. is it an important rally number? >> it is a psychologically important number. beyond 3% it is that much easier to get to 3.25%. i think what you're going to see, a little bit from james earlier is the data over the next month all about expectations. a really good month of november, the sentiment will disappoint a little bit, they didn't want to be quite as strong so you will see at full back a little bit. the mood will be higher. >connell: the mood higher would happen quickly and next thing you know 4% or more. if you get there quickly it could upset the market.

you don't see that happening? >> we don't. the average for the 10-year is 2.6. getting to 3.5 is not that big of a deal but you have to get there in a smooth, easy manner. in may and june were shot up close to 3% in a matter of two months is not healthy. that shakes confidence, people step away from the market, you don't want to invest, but if you get in a slow fashion, better economic growth, i think it is okay. connell: stepping away from the market there is a stock market, but the bond market for people, especially retail investors people want to transition their money into bonds, it has been a tough place to be, the search for yield has been pretty much nonexistent. what type of a year will 2014 be? >> 2013 was the third negative

year. only the third negative year of total returrs since 1999, 1994 was the other one. a pretty amazing run. next year will not be that much better, but it will be slightly better we think simply because long rates will be tapped out. that is what has driven the unemployment this year cap tout nominal growth around 3.5, 4%. don't get your hopes up too much. connell: almost an undercover story. the rates staying low. what about janet yellen? >> i think the way they changed their guidance is interesting. down to six or even lower. it has confused the market a little bit, and we can get some clarity before the next fomc meeting.

it might be more pessimistic. the transition would be more of the same. connell: that was the big debate. why did you want to see summers instead of janet yellen? >> i thought a change of pace getting through taper and would be for the fed. more of the semi didn't think was good for the market. the way they have transitioned into bernanke, it has been yellen running the show for the last three or four months anyway. that seems to be the way it is run. i think she has done connell: the spirited ben bernanke. thank you for coming on, that was good, appreciate it. report by the associated press says iran is developing a new development of centrifuges. that violates the geneva convention. and a new link with brain

injuries to alzheimer's later in life. and chinese officials find tunnels used to smuggle tech products. from one city to another. we will have that as well, stay on top of the market. look at oil now as we go to break and be back on "markets now." [ bagpipes and drums playing over ]

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connell:'s we will talk about this chinese tunnel supposedly smuggling in iphones and other things in a minute. but lauren with another technology story. what is with twitter's price today? lauren: volume still pretty big at this hour, 21 million shares. if you recall yesterday when the stock was up about 5%. 3 million shares changed hands. it was so much more than the 30 day average of 18 million. about 4% of total volume here at the new york stock exchange, so volume is very heavy.

the moves are mostly to the upside as the stock triples with the ipo in november. downgrade in the underperformed today. the analyst says we believe nothing has changed to justify the rise in valuation. when twitter reports earnings next month, the first earnings report will be key, connell. back to you. connell: for coming up on twitter throughout the day. talking about iran now. that country's nuclear chief has announced plans to begin development of a new generation of centrifuges pity coming as a country reached a deal with western powers to cut back its nuclear program promising to not bring any new centrifuges online for six months. the deal does not stop iran from developing new centrifuges and nuclear watchdogs say the new comments so the country is just moving ahead with the program in order to fend off criticisms that have been coming in from the hard lines in the country who have denounced the geneva

deal calling it a surrender facing western pressures. and chinese police discovered a concrete tunnel built to smuggle consumer electronics from hong kong into china. they have always, 130 feet long from what we are told stretching from hong kong to a garage. officials closed the tunnel before it became operational. it was going to be used to smuggle smartphones and tablets. never got to do it. cracking down on tech smuggling in general shutting down operation of smugglers with apple products input bags. this kind of thing is nothing new, but it was quite creative and while we're thinking but, let's take a look at the apple stock price. down by almost $4. freezing temperatures make it very difficult for utility workers trying to get the power back on for thousands of people still in the dark, maria molina

has latest forecast coming up straight ahead. those looking to escape the cold are heading south. miami and other parts of southern florida preparing for what may be the busiest holiday travel week ever. that is right, ever. wwe'll take you to a report from fort lauderdale straight ahead. look at the currency assets in top of all the market against the euro. ♪

mm. mm-hmm.

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connell: a lot of people around the country are tired with the frigid temperatures and a lot are escaping to be sunny beaches of florida to spend the holidays, spend the new year. the sunshine stat state tourism leaders are expecting huge crowds. as we bring in phil keating from fort lauderdale, they are spent in the biggest crowds of all time. is that true? >> all time. record breaking holiday week crowd. part of it is the holiday themselves fall on wednesdays of

people are stretching out their vacation, their holiday vacations. and it has been brutally cold up north the past several weeks. on the fort lauderdale beach hitting packed right now. a lot of people here. spokespeople from baltimore, boston, chicago complaining about the fact they are missing out on ice fishing, believe it or not. they were not complaining too bad because they're on a beach without a shirt on and have the option of going to the ocean. miami-dade counties expecting the biggest all-time holiday crowd for the 3 million travelers landing by air this holiday. anymore driving. aaa projects nationwide a million people will be leaving on vacation. at the national weather map. cold and blue anywhere but the mainland.

that is florida in orange. temperatures will reach 82 today. >> once again from the united states, the northeast a couple of hours airplane flight and for some of your viewers a couple hours to drive. where would you rather be, the cold or the miami heat? go heat. >> you can tell he has been down here for a few days. he is savagely tan, and more than $90 billion per year is spent in a florida tourism economy and all the hotels are loving it, they are all sold out and packed. everybody is just glad they are not up north. connell: that guy looks like he has been laying there since 2003. is this just miami deal down where you are an fort lauderdale, or do you go up north by the panhandle and tourism impacted by the bp oil

spill, are they getting record numbers? >> they are actually be a great spikes and tourism dollars. tampa saying all-time best year in the past six years is 2013 for tourists. the panhandle which was impacted quite negatively in 2010 the bp oil spill happened, they had three straight years of increased tourism growth and also played out going west to alabama and mississippi as well. hotels and restaurants are packed this week, they are loving it. in fact, tourism is looking to be at the hotels sold out or nearly sold out all the way from fort lauderdale down to the florida keys. >> we are seeing the best numbers since 2007. i think it was kicked off by the

cold weather in the northeast and canada, they got a lot of snow early this year and that really pushed demand. we're looking at sold out numbers and the best rates in almost five years. >> the holiday week down here in broward and miami-dade is the touristourists tend to outnumbee locals easily. connell: that is big business for the locals. thanks. phil keating on the beach in florida. as we move on, reminding us but sometimes we forget every down bacthateverybody on the beach sd have their shirt off. going to the midwest where they have had the ice and everything else. utility workers trying to get the power back on. they are working on that. maria molina is all over the weather forecast.

maria: i am from miami, so i have to chime in, go heat. connell: i thought you were talking about the weather. the heat do not need your help. the only two good teams in the conference. you want to talk more about the nba? maria: that is the extent of my knowledge with the nba. i have more to talk about with the weather. current temperatures very chilly and portions of the great lakes and england. 9 degrees, your current temperature in marquette is only 10 degrees. you factor in the wind chill, it feels very cold out there. marquette feels like 1 degree heading out the door, only single digits across portions of new england. the real focus in the michigan area and across new england is of course the power outages. they have to deal with ice over the last several days, the storm system that rolled on through

knocking out power for so many people, they have been dealing with frigid temperatures. it looks like they are expecting more rough weather. some other areas because further south across chicago, even down into atlanta. in georgia it feels cold as well. 38 degrees heading out the door earlier this morning. 11:28 current time. lingering snow showers emma could see some additional accumulation in part of upstate new york, three to 5 inches possible today and across parts of southern texas doing with the rain. this area of low pressure is going to develop heading into later today and into the weekend, this system is going to be impacting the east coast throughout this entire weekend, especially the southeast looking at several inches of rainfall accumulations. we could be talking about flash flooding in parts of new england, the state of maine we had to deal with power outages, they could be picking up more snow coming up sunday

into monday with the storm system, possibly some winded. that would be something of concern. the computer models are pointing out significant accumulation, perhaps over 6 inches. we will keep you posted. connell: thanks. having a serious concussion could be a risk factor for developing alzheimer's decades after that concussion. coming up next. this is the quicksilver cash back card from capital one. it's not e "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one.

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connell: a new study revealing severe head injuries are linked to the development of alzheimer's later in life. we will talk to one doctor about that in a minute.

important step medically. forget sitting all they like a lot of people do, our hard-working out while you are getting work done. the idea of a treadmill desk soaring in popularity. most women seem to love shopping especially during the holiday shopping season but shopper tracks as most of us are now shopping like men. if you are like me you have no idea what that means but jeff flock does and he will tell us if it is a good thing or bad thing the we are shopping like men. all of that is ahead. lauren simonetti back from the stock exchange, no comment on that story. >> i won't hymen on the shopping. this is at the we are seeing a lot of red and green, crossing the break-even line frequently, so are these 3d printing stocks. look at 3d printing, hitting a new all-time high yet again. some perspective over here, shot up 5%, sold 5% tuesday, was up

7% yesterday. it has been a volatile week for 3d system is. they raise the price target on the stock by $10 to $95 a share at the consumer electronics show which you know all about. look at some other news, the only one with a positive is x 1, hitting an all-time high earlier. connell: concussions cause short-term problems like hicks and loss of balance but potentially alarming study from the mayo clinic warns concussions can cause alzheimer's and many decades after the initial injury takes place. thank you for coming in. what does this study mean for you? >> the significance of the study is it shows any traumatic brain injury which could have been many years earlier in your life because it focused on folks in

70s and 80s can lead to accumulation of a protein in the brain that has been linked to development of alzheimer's disease so linking the trauma early on in life with the progression of this protein buildup down the line. connell: you brought your bottle to give us a demonstration what happens with these injuries. >> i bring models because the picture does speaker thousand words and the brain is a wonderful organ, soft and pliable and resilient but at the same time it is delicately balanced and many times it is injured and the brain can get concussions and bruised injury on the surface of the like a bruise in your muscles, but it controls thinking and thought processes. connell: people in a 70s and 80s most likely serious injuries. if people even knew that happen? >> that is the one thing we didn't think of.

these folks are much older than most of us. if they were injured 50 or 60 years ago we didn't have cat scan or technology to evaluate them. connell: could have gotten a bum on the head it could have been worse. >> most folks only went to the doctor when they were seriously injured. connell: the question thats and to my head when we see a study like this is what do we do with this information? >> what we have to do is be more vigilant in our evaluation of especially children and adolescents and young her folks with brain injuries. you don't want them playing sports or getting involved in activities too soon. you want to give the brain time to rest and recover from the injury because we don't know if it is one or more injuries. connell: we are showing football video. it has been a serious problem, well-documented by this point. you brought up sports. in general it is not just football, there have been concussion problems in soccer

and other sports where they wear helmets and there are still concussion problems. people who play these sports, you want to avoid the second concussion. when do you know -- got to take my daughter or son to the hospital to get checked out. >> i use these everyday, you look for changes in memory, is there thinking little altered or distorted? did they black out and lost consciousness? are they complaining of nausea or persistent had a? are they listless and not as energetic as normal? subtle signs are things that will make you be more concerned that they could have an injury that is bigger than you initially thought. connell: it is just the way it is. do we know more than we do? makes a more likely a study, better than we used to? >> technology for safety equipment is tremendous,

football helmets, hockey helmets, protective equipment can cut down on the injuries, the number of injuries, our ability to diagnose it sooner is much improved with mris, that will help. a common sense needs to dictate if your child is involved in sports make sure they are conditioned properly. if the coaching is good and the rest period in between practices and the activity level is appropriate. proper nutrition mind and body exercise at the same time, mind exercises and read and converse and have interactions with folks, that keeps the brain sharr. connell: help -- important discussion, we appreciate that. talk about exercise. exercising when you are working at your desk, not after, not during your lunch break but while you are working, in the office having a treadmill desk.

apparently these types of things are growing in popularity and got behind it is coming to tell us about it as a frenzy of shoppers continue, shopper track is telling us most of us are shopping like men. jeff flock shops like a man and he will have that story in a minute on markets now and we talked earlier about treasuries, just below and on a ten year yield. we will be right back. [ 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 shellrought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade.

connell: time for your fox business brief. general motors recalling 1.5 million buick and chevrolet cars in china, the fuel pump brackets in some, though quality agency saying these vehicles were mainly produced between 2006-2011. buying rival playmaker beat graf for $1.4 billion, emerge into bankruptcy in february looking to sell its struggling business and many restaurants expect to renew automatics for a larger party starting next year. that is because the irs will classified as gratuities as service charges that our taxable, they are considered to attend it is and to wait staff to report them as income. .net has announced it will do away with 18% automatic gratuities for groups of 14 or more. that is the latest from the fox business network giving you the power to prosper.

connell: tomorrow's business today, office workers returning e-mails, making calls and conducting meetings and exercising all at the same time. talking about treadmill desks and we are joined with more on this by peter shamed of life span fitness, the company behind the treadmill desk. before we talk about the positives and negatives, a desk that goes on top of a regular treadmill. tell us how it works if you can. >> it is a line of products we have and let me jump into that, treadmill desks that are stand-alone items, they include the desk and the treadmill and basically very easy to use. people can walk 1.2 miles an hour to 1.8 miles an hour and do simple tasks like talking on the

phone or reading or responding to e-mails or whatever they choose to use. connell: a lot of people have said instead of sitting around your desk all day and that has become a problem in many offices you should get up and walk around, do some work on the move if you can or stand at your desk, your cubicle or your office and that has become something of a trend. the idea of moving and working i am thinking of the idea of people trying to multitask in other areas sometimes struggled what is your feedback? i feel distracted, hoping to i don't fall off the treadmill i can't get my work done. >> when people try it they realize it is easy to do and we are talking about walking slowly so things like talking on the phone and walking, reading and walking a simple to do and it hasn't become an issue. as soon as someone tries it

there's a quick learning curve and they are up and going. connell: not like you are spending a hundred meters at work. what businesses across the board or wherever you found what types of companies bring you in more than others have you noticed? >> it really runs the gamut. we have large companies like nike and google and universities like baylor and harvard, talent agencies like william morris, the law firm down the street. and they recognize the problem, they are trying to do something about it. connell: interesting concept that we have to try in the studio some time. appreciate it, we will follow up on that. a growing trend. the markets, the trend has been to the upside for stocks and the dow hovering around break-even mark but for the week is on

track to end higher. back to the floor of the stock exchange. >> stocks covering the break-even line in positive territory, mix, the dow up 2 points, the nasdaq down eight and the s&p down not even a point. the vix index, the fear engage moving up little bit, ten year treasury hovering near 3%. crossing that a little earlier today, still positive but coming in a little bit, talking to some traders about their positions down a little bit. and it has been 120 points. i am listening. >> many of us are doing that. i don't really have a handle on it but shopper track put these features out that says we have become an early shoppers, more surgical shoppers. manley shopping correspondent is

jeff flock in chicago. phil: tracking the ways we shop, doing in front of the marshall field good company, macy's now. there's one change. people come to look at the same window, look at these ladies and didn't even know they were going to be on tv. they are watching miracle on 34th street. look at the latest trend from shopper track, looking at supersaturday shopping traffic at brick and mortar stores like this down 18% on supersaturday before christmas but sales only down 0.7%. what does that mean? shopper track crunch those numbers. what that means is we are shopping like men, at least the stereotype of men that go in surgically and shot for just what they want, they don't browse around, window shop, another beautiful window. look at that marshall field's window. take a look at the numbers for

pre-christmas shopping, 21% down for traffic, 3% down for sales as i jump in the vehicle here, we want to take a tool down state street, a big shopping district in chicago and it kind of suggests lot of us go into the store. i don't shop like a man, i shot like a woman. i am browsing and looking, people are visiting fewer stores and all that sort of thing as we watch the scene on state street by the old chicago theater. one final note, and online shopping has been big, $19 billion spent online since thanksgiving up 21% so all in all not a bad season and our shopping trends have changed. connell: sadly i shot like a woman, says jeff flock.

there in chicago. it is okay, we are there for you. barcelona and intel teaming up for a multimillion-dollar deal. big money overseas, details on that coming up and also stay on top of the markets and individual stocks, some of the winners we are seeing on the nasdaq. [ male announce] here's a question for you

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connell: barcelona, the famous soccer team scoring with a $25 million sponsorship deal from intel and the details are

under negotiation from what we understand team spokesman now stating in tel will grant a some over the next five years, big-time deal moneywise that will not infringe on preexisting partnerships that barcelona has and currently by forbes, the most valuable soccer team, the network is supposed to be 2.6 billion off of barcelona and intel sponsorship, pulled to $3 billion mark and the best player in the world and big-time sponsorship of intel adding to others. stocks overall in and out of positive territory in today's trading session but if history is an indication the market could rally from late 2013 into the new year. good time for stocks. nice to end on a good note. embrace this possibility, sandra smith takes that up and the trade joins us now. >> last couple trading days of

the year, will we continue to see significant gains in the stock market in the new year or will we take a positive? in today's trading session a positive, the dow up a couple points, nasdaq and the s&p lower but no significant sell-off running for the exit when it comes to investors. this is how strong we end the year, if we look at the last six trading days the dow jones industrial average has gained each of those days for gain of 3.4%, the strongest winning streak for the dow since march 24th, the dow 25% for the year, the best yearly gain in a decade. the s&p 5 rendered gauge the broader market 29% so far this year, best annual gain since 1997 and what we technical analysts say they believe the market rally could continue in the new year, it has been a broad based rally. was almost every day we talked about the dow and s&p hitting

records, the dow closing at record 20% of the time by 2013, 17% of the time for the s&p 500 and other market averages were feeling the cure, nasdaq, russell 2,000, as in the 400, each of those averages up 30% so far this year and a sign that this will continue, looking at market data going back to 1950, there have been 17 times where the s&p 500 was finishing the year with a gain of 20% like this year, 82% of the time the s&p, the broader stock market went on to rally in the new year for an average game of 7%, no surprise we see investors continuing to tiptoe into the market. we saw last week $5.6 billion in stock mutual fund addition from investors sell investors don't seem to be featuring 2014 the we will see a major sell-off, they are adding to those positions as

we wrap up the year. connell: sandra smith in the pits of the cme today, despite strong stock market trends, some people say stocks are not the way to go right now. in the next hour of markets now the debate on where you should be putting your money. attention car collectors, those of you looking to start collecting cars, jackson during the fourth option which will start next month and craig jackson will join cheryl casone and adam shapiro. they are all coming up next. hmm. mm-hmm. [ engine rev] ♪ [ male announcer ] oh what fun it is to ride. gethe mercedes-benz onyour wish list at the winter event going on now -- but hurry, the offers end december 31s [ santa ] ho, ho, ho! [ male announcer ] lease the 2014 ml350 for $599 a month at your local mercedes-benz dealer.

>> right now because congress failed to act before leaving on vacation, more than 1 million americans are poised to lose a vital source of income a few days after christmas. for many people still looking for work, employment insurance is a lifeline that can make the difference between temporary hardship or lasting catastrophe. adam: that's president obama

calling on congress to restore unemployment benefits set to expire tomorrow for more than 1 million americans. i am adam shapiro here with cheryl casone to take you through the next hour of "markets now." the debate over on implement benefits is shaping up to be one of the first fights of the year on capitol hill. we will go live to washington, d.c. the dow and s&p 500 closing out the year on a high note, but are stocks of dust that for your money in the new year? and classic car collecting. the ceo has a sneak peek of what is on the auction block. all this and more on the next hour of "markets now." when we talk about antique cars coming no who is craig jackson that created the craig jackson index. it has actually outperformed the

s&p 500 for the last 20 years. not talking million dollars machines. cheryl: i know you are car buff. adam: we have covered scottsdale, pebble beach, we will give you a sneak peek of what you might want to buy. cheryl: take a look at the dow. possibly snapping a succession winning streak today. now we are in the positive. lauren simonetti at the new york stock exchange. lauren: the dow trying to make it seven days of gains and we will see if we get the 51st record close this year. when the market closes. the nasdaq to the downside, yes and being barely positive right now. the sectors are pretty mixed. up substantially today.

a lot of the retailers that led the market higher like urban outfitters, best buy, they have down arrows today. the vix index has been down for days in a row, trending higher today. back to you. cheryl: thank you so much. stocks may be taking a breather today, up about eight points. after the biggest gain since the 1990s, are stocks still the place to be in 2014? adam: joining us now, financial services president and asset management chief investment officer. you are high-yield guy coming are not heading on stocks for the new year, but high-yield bonds have not been in high demand. you still say that is the place to be even next year? >> good morning, guys. yeah, we saw the high-yield market was very interesting.

it earned its coupon. very rare in the 30 plus years of the marketplace. the chances of it earnings next year, we will see. for us, our etf reflection product as well. we ended up close to a 12% handle for our investors this year, so still plenty of value in the marketplace. cheryl: the big story as far as bond funded on the other side of this, you actually have been very bullish on equities at the same time you do see some headwind coming in 2014. interest rate is one of the big concerns you have. >> happy new year to everyone. we know interest rates are going to creep higher. whether they move up significantly or not. that will be stocks and bonds, we know this. we also know there will be headwind on the economy, the fed tapering and things are getting better.

but still things that are trouble some out there. higher taxes on businesses, so on and so forth. we want to moderate everything. when i look at the landscape as a whole, equities are better positioned for significant gains in 2014. cheryl: you are the showdown champion. >> summer between 8-12% is possible. what you're going to see is a broad market rally, and little bit into the first quarter. probably a little bit of a correction. and it will become bifurcated, several fundamentals really coming into play, making it much tougher for broad-based investors to make money. adam: they will be people chasing yield, that will drive them perhaps to you. how do you identify the corporate bonds that may be most attractive to those people? >> it is an interesting one.

right on the market as it relates to active management in 2014. the one thing that always surprised me in my career which stands 30 years now, how people view the market so differently than the stock market. yet high-yield is about 1.6 trillion now, leveraged loans about a trillion dollars as well. you can dial in a portfolio actively as you can in the stock market. we have approached the bond market with the same valuation discipline as equity investors do. i think it is all about active management, and for us we have an opportunity to spend some time together in the summer and we talk about the energy market, this is an area of focus for investors, i'm talking about all three of the inputs. oil, natural gas and coal. it will be a surprise to the upside on all of those.

cheryl: one of the things we have seen this your overall is a 70 billion outflow of on funds. he talked about it on this segment. you have to stay with equities, how do you come back to that when frankly most of the bond market has not been a performer for 2013? >> right, and that is one of the contrarian signs. we have around a billion .5 in high-yield. what i think is very important to understand is when you look at the size of that, going back to what they were talking about before with the segment sectors industries, et cetera, recently have always loved the bond market all the equity market is

i get paid every day, there's basically accrued interest that happens. >> if you are broad-based investor, you're going to have a more difficult time in 2014. i think the key is within the short term space, rising interest rates are going to prove to be headwind, but a mental analysis becomes incredibly more important. adam: we were talking about a correction between 10-20%, so now wouldn't this be the time to take profit off the table and buy back in june or july? >> right now the market is still in a strong up cycle. you want to be a little bit careful here. let the market somewhat dictate your reactions as opposed to second-guess it.

as we were talking, you are absolutely correct, you want to be careful and look at your positions individually and cities are getting a little ahead of where we were thinking they should go and kill those back first. cheryl: i want to bring this up, you are showdown guy. you like d.c., you like apple and cisco and qualcomm. >> very specific. where is the value, where is the yield, where's the growth coming from? strong balance sheet, a good dividend when possible. both top and bottom line. cheryl: thank you very much. good performance on your fund this year, good job. >> thank you very much for having me.

cheryl: unemployment benefits expiring for more than a million americans tomorrow. the first of many battles in capitol hill the new year. rich edson with the latest. >> it benefits depend on the state gets democrats want to extend them for one year, the cost more than $25 billion. one analyst says lawmakers could wrap employment benefits in with the debt ceiling talks. >> this is in the category of being an issue where the parties start pretty far apart. on workouts should take place, where to raise revenue and if so, how to use that type of revenue, those type of issues prevent a lot of compromise particularly because it is an election year.

>> congress has a handful of items it must accomplish like increasing the debt ceiling, preventing doctors from a sizable pay cut, agreeing on a new farm bill that includes foodstamp provisions. initiatives lawmakers are pushing like fast-track authority for trade deals like the multi country asian daily administration to go shooting, also immigration and tax reform. most political analysts say it is unlikely congress accomplishes much beyond the necessary items like the debt ceiling. lawmakers are even more cautious and out campaigning for a significant part of the year. the two parties remain far apart on what to spend and what to pay for it. cheryl: a lot happening in d.c. even without the president there. adam: many may be located in the wrong place. new data on the best and worse places are to find a job, we will share that list with you next. cheryl: you were in new york is

on that list. we promised we would get this back. if you are a dog lover, man's best friend coming to the rescue helping wounded veterans recover. the director is coming up. as we go to break, look at how the energy market is doing on a day we had data. coming up to talk about it as well.

cheryl: doubt trying to make it seven sessions in a row for its 51st record close. that is the retail sector. a lot of these names are going to want to watch. best buy on a percentage basis, keep, that is best buy right

there. same chart. keep an eye on macy's, we're getting some breaking news on the retail sector. bring in lauren simonetti. saying penn data was stolen in his recent breach. your mana statement from the floor. what do you have? >> this a good good thing for me people who swiped their debit card at target. the pin numbers are safe and secure. this comes from target, the criminal and frantic investigation still in the early stages but the pin numbers are safe and secure. stocks down about a quarter of 1% right now, 62.30, but good news for those people. the year, suite down a little bit, and this month most stocks

definitely the major averages up in the month of december. target down 2.5%. cheryl: we will see you at the bottom of the hour. adam: are looking for new job in the new year? you may want to head south? hiring projections for 2014, and in first place, daytona, florida. 40% of employers planning to highehire in the new year folloy texas with 23% positive outlook from employers. sharsure in third place with 20. also listed cities with a weak hiring outlook including chicago, hartford, connecticut and memphis, tennessee. the worst was buffalo, new york. cheryl: it is all taxes. high tax states not hiring, low tax states hiring. adam: people are moving to the south so it creates the need for

all kinds of services and jobs down there as well. cheryl: interesting list. the staple is a las vegas strip is returning. details on the grand opening. coming up. adam: this was a big year for the shakeup. some of the best and worst executives as we had to break. here's how the world currency is facing up. this is the quicksilver cash back card from capital one. it's not the "juggle a bunch of rotating categories" card. it's not the "sign up for rewards each quarter" card. it's the no-games, no-messing-'round, no-earning-limit-having, do-i-look-like-i'm-jokin

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adam: 2013 was a big year across the corporate landscape from

general motors appointment of its first female ceo to abercrombie and fitch thumbing its nose at customers. i look back at the ceo. letting us know where we may be headed in the future. thank you for joining us. i want to start with gm. i want to see her succeed because i love cars i think it is terrific she is taking this position for women at general motors, but she was brought up in the corporate culture that tipped general motors to bankruptcy. she was in charge of global product development, we had a problem with chevrolet. this doesn't seem very good to me, what would you say? speak of is a great benefit from having grown up within an organization, she knows it extremely well, she has worked

virtually every department in area concerning human resources and product planning and the rest of it. it's very different when you're in the hot seat and have a blank sheet of paper neve and everyboy telling you what you should do. some of those things she experienced along the way to general motors in a good direction and some not such a good direction. it will be a challenge for her, innovation will be something to mark whether or not she can take the company into the future. adam: isn't the kind of company that can be innovative? i have inventory in excess of 100 days on the lot right now, that is also troubling. >> it is. they have had a pretty good year compared to most's i don't think i have anything to be laying back despite that. it is a future that will drive whether or not this was a good decision or not. everything you read about her is she is very much a can-do, will

do kind of person. maybe it's about the future. but they have a lot of friends around the world. in europe and really need to fix them we ha. adam: he has stumbled in some of his public statements about they don't want unattractive people at the stores, but they renewed his contract for a year, was this a good move? >> if you look closely at it, what they have done is loosened the golden handcuffs and take a large amounts of the parachute. they have given themselves some freedom and flexibility. the trouble with brands like

this is you have to be careful not to just be surfing away fashion ability. i would say some of the other brands as well like hollister to latch onto something much deeper than what may be two or three year teenagers who may decide southern california is cool for a while. he has a similar position. it is basically losts customer . the challenge is to reconnect with people. adam: i'm holding up my blackberry curve. i cannot imagine this thing with the 64 studebaker on the thing has a future even with chan. what is he going to do with the company now that he is ceo? >> everybody is strictly he will do the same, try to build up to a point someone actually may want to buy it.

they do have, of course, the enterprise element. a lot of businesses use them, but that group of people who really do put security above all is getting smaller and smaller. the challenge is whether or not can get the whole organization to focus on that and to build something's business people really want. adam: is he finally walk in his own shoes and out of the shadow of steve jobs? >> certain the people i know who got their say h he's a good job and he has built a good team around him. the challenges keep innovating, make sure you don't do too many things at once and on a personal note what are you going to do about that television?

adam: to be continued. thank you very much. cheryl: shoppers mistakenly super cheap deals are going to keep those tickets thanks to a computer glitch yesterday morning users shopping delta flights mistakenly saw huge deals, round-trip flights like oklahoma city to the cap was gog for $12. a spokesman for the airline for the problem is now fixed, but are fair purchase of the incorrect price. down $0.71. the ticker for delta. adam: you wonder they didn't do that for a publicity. cheryl: gold and oil taking two separate passes, the outlook on commodities from phil flynn and john kingston is going to be joining us. adam: jackson kicking off 2014

with the flagship event in scottsdale, arizona. chairman and ceo will give us a sneak peek of what is on the block and what you can buy. [ male announcer ] here's a question for you: where does the united states get most of its energy? is it africa? the middle east? canada? or the u.s.? the answer is... the u.s. ♪ most of america's energy comes from right here at home. take the energy quiz. energy lives here.

cheryl: coming up in the next half-hour of "markets now" "markets now," dogs helping veterans recover. his admission of mission of canines for warriors. we will speak with their director. the ceo of barrett jackson is going to be here. and wisconsin must have a glut of cheese. you never know what the state is using cheese four. adam: goal is on track for the biggest loss in three decades. we want to go to the pits of the cme with phil flynn with more on all of this. >> they say it was a terrible year, they obliterated this market, nobody wants gold anymore. printing money like it is going out of style. we have seen one of the biggest of urgency is between gold as an asset class and the stock market. we have seen over 100 years. maybe next year something is going to give.

industrial metals have been supporting the market. platinum and palladium. the other thing i look at are the currency market and the bond yield. hit a two-year high today continue to rise higher and the other thing is the euro currency on fire once again, a two-year high versus the dollar. normally very supportive for metals. it has in picking up very strongly in china. love concerns of the economic crisis in china and japan, hot numbers based on the ergonomics. back to you. adam: thank you. cheryl: oil back above $100 per barrel for the first time in two months following the data. will the street continue into the new year? it is good to see you, merry

christmas. here we are, are you surprised by the decline? >> surprised by the rate of decline over the last month. a big draw this month, this week with notable there was a draw in gasoline u.s. u.s. gasoline production hit the all-time high. cheryl: estimate 2.2 million. as you mentioned. >> one of the stories was the u.s. demand is up about an million barrels per day over the last year. it is interesting, the car sales figures will come out thursday or friday. we are buying bigger cars again. i may have grown, all of this is resulting in deman a demand ince of a million barrels per day. cheryl: opec has got this

callout, you are saying it is unrealistic amount of oil they say they will put on the market. they will not be able to sustain the production levels. >> all the agencies are calling for about 29 million barrels per day call, which is what they have to produce. it because i accurately have to production the mac cut production. cheryl: you are saying almost a million? >> they are getting a lot of help now. still under half a million barrels per day. one thing that is notable is the country by country reports of uranium lie by japan, south korea. they are all significantly higher than last year. it is fading away, not difficult to understand.

production would start to go up. stalook at the whole global situation, obviously right now it looks very owlish, tacking on a lot of dollars, demand in the u.s. is up. you still have to wonder whether they can hold onto the current levels of production. cheryl: 92.7%. that is about in-line, a slight miss. >> u.s. continues to exported from his motive diesel fuel. this is very good for u.s. consumers, s they are making a t of diesel, making a lot of money on diesel. it is coming along with it very, very strong levels. that may tamper any increase in the price of gas in the u.s.

cheryl: mckenney and company will be pushing through, transcanada will pushing through more oil from oklahoma down to texas and that will be one bearish for the contract. >> the market has adapted in amazing ways with the use of rail. the amount of oil being transported on rail right now is astounding compared to where it was four or five years ago. what is meant is all the production up there, in canada is really starting to fade away and as a result the benefits of that oil are being shared kind of equally around the country. it is not creating quite the crisis it was before. still some logistical issues. as a result of this is why you're getting the start of the big discussion on exports which is going to be a very big topic of discussion. cheryl: you're coming back. happy new year's, good to see you. speak out thank you.

adam: it may cost more to feel up a car, but you don't have to worry about that. these cars up for auction. drive it if you love it. joining me now to tell about his big auction in scottsdale, arizona, chairman and ceo always good to see you, thank you for joining us. in fact have gotten at least one of the catalogs right here. you brought car collecting not only to television appearing on fox with the auction, but the average person who just wants to spend 10, $15, why was it important to do that? >> every needs to be treated the same, like stocking the supermarket. maybe high-end, but also entry-level because collectors start small the matter who they are, and they just move on up.

interesting statistics we have is 40% of our buyers just sold cars, and they will step up as well as 40% at every auction. typically first-time buyers gravitate toward drivers and entry-level cars. that is sort of the trend. adam: you rub elbows with the billionaires. you rub elbows with people like me, but some of the cars you have coming up. i want to talk about some of the cars that will be catch a lot of attention. this car, this will go for more than a million dollars, is it not? >> absolutely. part of our salon option within the big auction. to give people an idea, our big auction, 1400 cars with no reserve. and we have these 20 reserve

cars which this is one of them. we have these special segments which you said on fox, on fox broadcast selling high-end americana and "national geographic" selling these european and american classics on saturday the 18th. adam: i'm going to skip over because we're running out of time, but the belmont, one of a kind, a concept car. instrumental in its design. this will fetch quute a pretty penny, won't it? >> it should. we have really embraced selling these concept cars, the first big one was sold back in '05, this car should bring some are in a $2 million range, but it is hard to say, that is why it is coming to an auction. adam: now the car that would maybe be in my budget. the 63 studebaker, the people

selling it bought it from the original owner. the original car except for paint. this is going to be around $20,000. no reserve, right? >> no reserve, but you are right on the money. some are in the 20, 22, $24,000 range and that is it. you get a lot of eyeballs, but we get cars that people can get in and enjoy. we sell drivers who love selling original cars. adam: i've tinkered with a few studebaker's and my famous episode of jewish mechanic and iand afriend of my fix is what i break. but it was a lot of fun. you brought into people and to be 64 mont 64 mustang. and we will be there in the auctioneering, right? speaker that is correct, coming to you live in the fox network

of families. each weekday night were ending on fox business for two hours, three hours on friday. adam: congratulations joining the family. we look forward to seeing you, and the auction is going to be coming up this january, the week of january 12. it was a pleasure to have you. adamcheryl: coming up, man's bet friend coming to the rescue helping veterans returning from iraq and afghanistan. we will cover the director of canines for warriors coming up next. adam: shop until you drop, americans are changing their shopping habits. you details that will actually surprise you. ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap...

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they shine even brighter. come to the winter event and get the merces-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer ] lease e 2014 e350 for $579 a month at your local mercedes-benz dealer. adam: time for your fox business brief. buying beechcraft for $1.4 billion in cash. emerging from vagrancy in february looking to sell be struggling plan business. the ceo says that dea bill will require restructuring and optimization of cost. general motors is recalling nearly 1.5 million buganda chevrolet automobiles in china to fix defective fuel pump brackets. they were produced between 2006 and 2011. audio announces plans to invest

about $30 billion in new models over the next five years. luxury carmaker is stepping up efforts to catch larger competitor b&w. audi plan to build more cars outside of germany than in germany for the first time next year. that is the latest from the fox business network, giving you the power to prosper.

cheryl: we all know dogs are man's best friend, they are loyal, they are cute, most of the time they like to cuddle, but they also ssrve our nation's heroes. canines for warriors rescues dogs sometimes just before their destroyed and pairs them with returning veterans from iraq and afghanistan. director joining us now from florida with we should say general eisenhower, who looks very relaxed, yet happy. thank you for being here. tell me about the program and what can a dog do for returning veterans that the medical

community cannot? speak out thank you, cheryl, for having us good dogs can have posttraumatic stress and veterans suffering from dramatic brain injuries in a variety of ways. one of the worst things our veterans do is they isolate, remove themselves from civilian society. they don't feel they belong anymore, and they become high risk for suicide, we're losing one to a suicide every 65 minutes. what they can do, in in the military you are never alone when you have a service dog you are never alone. when they go out in public the dogs can do various tasks for space control. they can stand between a warrior in approaching them. very nonthreatening, they can never be aggressive or they would not be a service dog. is that to warrior. the dog literally turn and face them. they are standing in line and

standing at an atm machine. the dog will alert them to the tail wag.

statistics and externally proud of. onwhen we use rescue dogs. the quality of dogs and rescue, aand inordinate amount of black labs, a lot of them, golden retrievers, just make the most amazing service guides. they go through six month after graduation either reduced, and was eliminated this region medicines for the service dogs. cheryl: look at the program, these relationships long-lasting as they are, are still having trouble getting funding, are you fighting because of the rough economy still hard to raise money?

most of the money goes directly to the program, you're not making any money, you are volunteering. >> absolutely. it is going directly to our dogs and our warriors to house them while they're at our facility. people have been very supportive on the program, we like to think it is good business to partner with canines for warriors, very supportive of our corporate foundation partners, but a lot of people giving $25 to that help. cheryl: you have a lot of friends here in new york and the analysts who say we know as well and are very supportive of you and we are thankful to have you on the show. enjoy the nap, general. >> thank you so much for having us today, cheryl. adam: how did you shop this holiday season? giving tabs of how and what we all did this shopping season. their conclusion is most of us

are now shopping like men. jeff flock in chicago with more. what do they actually mean by that? jeff: what it means is, and i don't shop this way, but most men stereotype is a very surgical in their shopping. this is one of the most fashionable shopping areas in the city. what they have found, first take a look at retail stocks, they have done very well, actually. macy's on the list, year on year, up about 25%, so pretty good numbers for the retailers but they put out numbers on saturday traffic, store traffic down 18%. sales down 7%, so less traffic, just about as many sales and why is that? jumping out of the vehicle.

take a look at the number of business per shopping trip people took. back in 2007 when a track this between 4.5, five store visits to each of these kind of stores, now maybe three, three and a half visits reedit we are much more focused, adam, which is not necessarily a bad thing. adam: i want to keep my day job. thank you very much. cheryl: jeff, i shop like a man. time for your "west coast minute." moody's thing it may downgrade washington state credit rating if boeing decides not to produce their plane near seattle. currently in a contract fight with the union, that could determine if production moves to another state, shares of boeing down.

new mexico stated big jump in tourism out of the state has approved same-sex marriage. a media blitz and hotels, chapels and businesses offering packages. couples who is to make mexico the wedding destination. finally, in las vegas a historic and frankly infamous casino reopening of the closing last year for renovation. a formal ribbon-cutting ceremony held to mark the casino's reemergence. shares today actually down about $0.26. they will still have beer pong for you loyal, faithful out there. adam: coming up, which scarlet is giving the best return on investment? she is the voice behind one of the characters and 20th century fox summer hit "the croods." but your erectile dysfunction - itld be a question of blood flow.

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adam: film companies spend millions on actors hoping to get some talks back on investment. this ranking number one on the 2013 best actor is emma stone. the studio dollar paid performances earned an average $87 back to her moviemakers. placing second for the year is mile kunis. jennifer lawrence came in third, natalie portman and duane "the rock" johnson. cheryl: you've heard the saying the streets are paved in gold. in wisconsin are paved with cheese. they've got an creative they to ice removal. the pilot program makes cheese brine with rock salt to clear the road in the weather.

it is more famously friendly and more friendly to the wallace. most popular is modular and problem. in the highes highest salt contd require the least amount of separation. interesting. adam: the silence says it all. let's have a dow posted gains like this the mac raina was the biggest hit on the radio. but will a party last on wall street? we asked chief market strategist. you don't ever want to see me dance. and it is the video phenomenon hitting college campuses around the country now being used to attract potential students and some investors. talking this eeo coming coming up in the next hour of "markets now." adam and i will be right back. c. it's not the "limit the cash i earnvery monthcard.

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cheryl: another hour of markets now. adam: stocks looking for direction but the dow on track for the best performance in seven years. our market maven ahead says he knows why and when the party is going to end. cheryl: big win for the government, a federal judge ruled the phone surveillance program is legal. we have a report on that.

adam: what you are freezing in the northeast we go live to florida which is seeing a record for holiday tourism this week. cheryl: new york los angeles $40. honoring the fair purchase during a website glitch that happened yesterday. that and more on this final friday in 2013 edition of markets now but first stocks are fighting for gains, we have been going back and forth over is that line for the last hour. let's bring in lauren simonetti from the stock exchange trying to make sense of the 51st closing high of the dow. nicole: we did it in new high earlier in the session not only for the dow but the snb but as you can see across the board the dow down 10 points, the s&p down by a point, the dollar selling