tv Markets Now FOX Business January 7, 2014 1:00pm-3:01pm EST
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business. now the health concerns with u.s. facing widespread activity, more than doubling in just one week. wall street may be like your freezing cold car engine, just needs a little bit to get revved up. steve what tells us if this is now in play, and it will continue to see strong performance from those small-cap names. at ces, the bizarre scene and disappointed audience after hollywood director michael bay failed to pitch samsung's next big thing. is it a case of any publicity is better than no publicity? liz will ask samsung president tim baxter. and that beauvais has earned a reputation as outspoken no-nonsense type that tends to get it right.
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why the government, not the banks, are doing more harm than good. stocks finally in the green after a tough start to the new year. let's check in with nicole petallides. what is driving the market? nicole: all the major averages down a percent or more from yesterday's close. gaining back a lot of that, up 11 116-point somewhat of a reversal. the other thing talking and reading a note he sends out, sometimes you see the market slow down a little bit, but that is not the case today. a different type of market and the people waiting for little bit of bottom fishing may be disappointed. the nasdaq up and the s&p gaining half of 1%. one winner on the dowel all time high, united health care. it was raised over at deutsche
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bank. that is good news for them, the top performing sector, health care overall. there is the look one year at health group 50% in the last year. lori: thank you for that. good news if you are stuck at the airport, jetblue restoring service in new york and boston after being forced to shut down friday. hi, adam. adam: the cold weather is causing a lot of trouble. the latest numbers from flight aware. the total numbers nationwide, and we will show you the airlines with the most delays. right now delays nationwide roughly 2440. here at laguardia, things are getting back to normal if you can call this normal travel, but the airlines with the most flights cancelled, as of 12 no
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noon, american eagle, that is the commuter version, southwest had 312 flights that had been cancelled or delayed, jetblue 216, american 128, united 117. a lot better than what we saw yesterday with 4100 flights cancelled nationwide, 8000 delayed, but it is still bitter cold. in some cases the fuel that operates not the airplanes, formulated for the cold weather, but they bring the baggage, the diesel can actually gel and not work appropriately. they took those up this morning, looking to return to normal and pointed out jetblue, boston big cancer yesterday, promising by 3:00 p.m. back to 100%.
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lori: thanks so much, stay warm out there. the cold weather could make this year's flu outbreak even worse. up from 10 last week. according to the centers for disease control, so what steps should he be taking to protect yourself? please do have you in the studio. >> we told you to get the flu shot. we have a trifecta, cold, windy and wet. along with the fact i think a lot of people did not listen to the warning and they have become very complacent when it comes to the flu vaccine and have not vaccinated themselves. this strain is the h1n1, which we know about from 2009, incorporated into the flu vaccine this year. so what is happening is you have pockets around the country with massive amounts of outbreak and the problem is the outgoing is just not getting the flu, it is
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the bacteria and the pneumonia, affecting a lot of young people. you get pneumonia when you're older, but now we are seeing it in people in their 20s and 30s, this is because the immune system is affected, the weather is not making the immune system any harder to fight an infection. i don't have the flu shot and so we will have a big problem. lori: how do we know it is contained in the flu shot? h1n1, who knew that would have a resurgence he? >> a lot of scientists know since 2009 when the h1n1 came to fruition, they needed to incorporate that. that is exactly what happened this year, they hit it right on the nose. sometimes they do miss. they were right to get it this year, but the problem is i have talked to people, have you got
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the flu shot? they say no, not really. thousands of people died. the tremendous amount of people dying in many markets around the country, so you need to get the flu shot, still going to get worse. lori: what other preventative measures? >> if you are sick, stay home. they infect a lot of people. proper hygiene is number one. and trying to have a balanced diet, stay warm, stuff like that. at the end of the day, we have to have vaccination, that is key. lori: what is the connection? is it trying to stay together to stay warmer? >> immune system not working properly with temperatures below zero, number two viruses love the cold and the wet.
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they just adore it. in the cold it is going to die. transmissions are a little bit more pronounced when people are more congregated and are kind of sharing, in starbucks together, this or that. these viruses love that environment, and that is what we are seeing this year. lori: always a pleasure. we hear you loud and clear. unemployment benefits one step closer to being extended. besides voting to extend the measure by tally of 60-37. legislation is still several hurdles before landing on the president's desk. president obama putting pressure on lawmakers. listen. >> letting unemployment benefits expire for millions of americans expire is wrong. congress should make things right. voting for employment insurance helps create jobs and voting against it does not.
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lori: the bill would cover the 1.3 million americans who lost their benefits at the beginning of the year. turning back to the market, down triple digits. up 120 at the moment. our investors finally turning into the january effect, a phenomenon that stocks tend to perform better the first of the year. always good to see you. what are you thinking for this year? >> cap large-cap stocks like the russell 1000 the russell 2000, after the very strong year in 2013, the valuations will be a little bit of an issue, so it could be an an environment where valuations are favoring larger cap stocks in 2013 not to say should be small-cap stocks but diversifying an understanding the valuations di. lori: we are seeing the con return and make in the right direction steadily.
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it has economist upgrading their gdp projections to now 3%. their largely based in the u.s. the growing u.s. economy, doesn't it bode well for small-cap stocks? >> coming into this year, 3% was our number already. they will be exposed to the u.s. economy, so the better the u.s. economy does is disproportionately better for small-cap stocks. also the improving economy with the fact dr. yellen of the fed will keep interest rates very low meaning financing should be very good for small-cap stocks, so the u.s. centric economy improving financial conditions disproportionately affects stocks select to be a win at the back. lori: could this be a turning point? >> i don't want to read too much into any one day.
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a very strong quarter, strong december across the board but small-cap stocks, lots of technical reasons, tax issues, and the end of the year. lori: the redeployment of capital is coming in. >> a lot of cash on the sidelines as well. and it shall be the money in fixed income. investors have been favoring fixed income at the expense of equities. that's great rotation which we saw a early days of but not really in full force so getting more money coming off the sidelines on fixed income could benefit equities broadly starting with the u.s., small caps for dissipating. lori: do you think the bottom will finally fall out? >> it'll be a flat year in fixed income, selassie was the first negative print a lot of people have seen in fixed income, we preach strategic diversification but look at the multi-strategies you want fixed income, there' ts a reason why your asset allocate, you want different things moving in different ways.
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even though fixed income will be flat, why do you have fixed income in the first place? you want to diversify some of the risk. lori: overweight large caps, keep fixed incomes. corporate, junk, muni's with the percent? >> within fixed income. not just interest rate sensitivity, so what areas outside of treasuries are safe havens do investors need? they have to look in credit strategies and in currencies, security fluctuation. as is management will be very important. i think they have to look globally into a number of strategies that can add nickels and dimes to that return. lori: thank you so much for your time and insight. goodyear managers, three finally after being held overnight i angry union workers. the latest from france. and america buzzing, that and football.
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blockbuster ratings that make the talk basic tv demise look greatly exaggerated. and it was quite the show at samsung event at the consumer electronics show. the bizarre scene that is appointed audiences after michael bay took the stage. we're going to ask the company's president about it. ♪ [ male announcer ] this is the story of the little room
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lori: some breaking news and jpmorgan, the settlement over the bernie madoff affair. peter barnes at washington with the latest details for us. peter: that is a very latest for us. after paying for the victims, the office of the comptroller currency is penalizing jpmorgan chase for $350 million related to violations involving the affair for violations of the bank secrecy act just received a press release confirming this information. according to the release "the penalty was based in part on on
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jpmorgan negligence to report suspicious u.s. law enforcement and regulators diligence and risk assessments and independent testing. in total penalties for jpmorgan chase in settling the made off affair north of $2 billion. lori: penalties piling up. thank you for the latest. as we do every 15 minutes, we checked the market for you. checking the call on the new york stock exchange. checking the tech winners today. nicole: look at google today.
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and you high today, deutsche bank adding it for 2014 must have stock. in addition to the fact we continue to see strong growth here for android devices set to ship. let's take a look at yahoo, melissa meyer said to give a speech in las vegas at the consumer electronics show. they had the malware attack, not good for yahoo overall. shares are up over the last 52 weeks and up about 2.5%. back to you. lori: thank you, as always. more on jpmorgan coming up with charlie gasparino. charlie will speak with the all-star banking analyst who is defending the big banks. but first, samsung putting the home tv to shame. the new off-the-wall tv on display at ces, 105-inch behemoth. it is curved.
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liz claman shows us next. capitato make it happen? that makes it real? what's a vision without the exrtise to execute it... and the financing to make it grow? whatever your goal, it can change more than your business. whatever your goal, it can change e future. that's wh at barclays, our ambition is to alys realize yours.
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at&t ces party last night but he didn't last very long. reporter spotted the ceo and we did a picture of him well within 15 minutes he was escorted off the premises by security guards. the reason for turning the party, he just wanted to see mac amar perform. of course. the other big thing everybody is talking about at ces is hollywood director michael bay big stumble at last night's samsung event. >> the type is all off, but i will bring this. >> the curve, how do you think it will impact how viewers experience your movies? >> excuse me, i'm sorry, i'm sorry. >> okay. ladies and gentlemen, let's thank michael bay for joining us.
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lori: public speaking is never easy. pitch the same product liz claman with the first on fox business interview for us. liz: this is what left him speechless, apparently. samsung new curve tv. and it's very crowded booth caught at the samsung curve ultrahigh definition tv. one of the most crowded booths. check it out, here are some of these on the wall to give you a better sense of how they are curved. they are ultra high definition. 4k. 4000 pixels. let's find out more about that and what happened with michael bay in a first on fox business interview. president of samsung america. what happened with michael bay? >> live television, you know what it is all about.
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he took the high road afterwards and very standup approach, we look forward to partnering with him more. liz: i'm glad he didn't blame you guys. how will your movies show on one of these curved ultra high definition televisions, which look absolutely gorgeous, what is different about them and the samsung i bought that was so cool, 48 inches? >> it starts with 4k, the ultrahigh death. four times the resolution of the television you have there. you bring in a curved design to it, it gives you a much more immersive experience and it is really stunning, so it gives you the best seat i in the house i'o where you are sitting. we have a 55, a 65, and a 78.
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we also have one that is 105 inches right around the corner. we should mention samsung 2014 ces innovation award in what areas? >> in all areas, phones, television. liz: was amazing to me as this is what is the most crowded areas. we have crowd control. 105 inches. >> 105-inch curved television, the largest curved device on the market. 21 by nine format, giving you the full experience that you get in a movie theater. liz: get me as a consumer from
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55 inches to 105 inches. >> this is to showcase the customer and for the one who wants the best in entertainment. the fact that we have this technology also available in 55, 65, 78, those are the sweet spots in terms of big-screen television. this has not been announced in price, it will not be an inexpensive device, but we're really focused on curved televisions as being a premium over flat hd. liz: you can see it goes right here, very much a trend here. let's go over to the tablet. you control the tablet market as well, and here is one of them. >> our tablet business, we doubled the market share in this past year nearly 20% market share, it is very fast growing. we look to expand upon that this year by going bigger screen, this is in fact 12.2-inch.
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liz: i thought people want to get smaller. you are going in an opposite direction. >> these are the pro series line, and we introduce a note and a pro-tablet, big-screen, high resolution multitasking capability with a new user interface and what is key on this is allows you not only to consume content, which is a primary component, but i can create content and link it to my pc. samsung is vertically integrated in what we do. we use a host of different components and our products, and we will continue to do that. liz: i want to make our way if we can to the smart house area. one of the things we hav talked about is the internet. what people are talking about and as we work our way through the crowd, this is classic ces.
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washing machines and microwaves are now all hooked up to what? what can i do for us? >> the whole concept behind the smart home will continue to evolve, starting with smart devices providing specific applications and benefit, and beyond that, it will grow. liz: the smart home is here. a great application, i can use my galaxy gear, and going out, it will take the lights down in the house, it will turn my air conditioner off, conversely if i come home, it will turn those on. one example. number two, sit here in front of my home theater system, i grabbegrabthe remote control, io movie mode, it will take the
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lights down, turn my a/v system up. liz: o led televisions, you guys were big on and last year, superthin, super expensive, have you abandoned that effort, moving ont on to other things? >> no, absolutely not. we're still the best selling o led television on the market. what we are doing is driving costs down on that. we're going to combine and focus on new hd but continue with the ole db at liz: thank you very much. when we come back the next hour, anotheand other tv company, son. they have bigger challenges then samsung. sony ceo, fox business, stay tuned, that is the next hour. they came out with a waterproof phone. back to you in new york.
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lori: and liz has a first on fox business interview. good stuff, well done. the markets recovering nicely at after lackluster start to the year. the word on the friday job report, and defending too big to fail, bank analyst dick bove joins charlie gasparino next did i he says a crackdown on banks is doing more harm than good.
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there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title. and a raise? management couldn't make that happen. [ male announcer ] intducing fedex one rate. simple, flat rate shipping with the reliability of fedex. lori: well the markets are holding up nicely largely thanks to the word the u.s. trade gap narrowed to the lowest level in
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four years causing economists to upgrade their forecasts for economic growth. let's go to nicole petallides for the latest on the markets. >> the up arrows has been the trend. i will show you what we look at the on the floor of the exchange. throughout the day i can peek up there to see what the top of the market was before 11. the point of the story, we're up 119 points and we managed to hold on to gains throughout the day. whether drug stocks or bank stocks or energy all with up arrows. different story would be netflix. netflix is under pressure and according to analysts, morgan stanley downgraded to an underweight and talk about other competitive options such as hulu and hbo go and amazon prime. not that netflix is not a great company but concern because of some competition. back to you. lori:, thanks, nicole. a top analyst is defending banks
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like jpmorgan, in his new book called, guardians proves parity. charlie gasparino sits down with dick bove and why he thinks large banks are good for the economy. charlie. >> i want to explain why the nations needs their banks and why they must be very big to compete in the global financial system. dick bove, i haven't read your whole book. i read parts of it. you're a good writer. i don't necessarily agree with everything you say because there is why we're here to hash this out. why do we need big banks? can't a smaller bank lend to small business, do something actually big banks are not actually doing right now? >> we got, if you look at the convertible currencies in the world, there are $56 trillion today and if we assume that the united nations figures are right about population, there will be 81 trillion when we get to 2050. it is a huge financial system. there are a whole bunch of country that is want to grow their piece in that position. >> right. >> canada, if i asked you what
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nine biggest banks in north america you would be shocked to know that five of the nine are canadian banks? >> after our five? >> no, our four first. >> our four first. i have to learn how to add. that is why you're the analyst, i'm the reporter. we still have the top four banks. >> that's right but there is not one regional bank in the united states as big as a canadian bank. if you look at industrial and commercial bank of china you know back in 2005 every big bank in the united states made more money than they did. 2013, that bank will earn $45 billion, or more money than jpmorgan and wells fargo put together. >> but then, here's the problem i think with your analysis. you can't be half pregnant. if these are, if we want to compete with china on that scale, those are government-run banks. >> right. >> and protect them them as they go out and taking risk, don't we have to essentially nationalize them and make the banks part of
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the u.s. government? >> i don't think so. i think all you need to know the united states government is a backstop for our biggest banks in the country. in other words this whole concept of too big to fail backed backed is wrong. i think governments and big financial companies have to work together to grow economies. >> doesn't that mean they will take any risk -- creates moral hazard. take any risk because there is no consequence for the risk? >> the consequence comes to a person who took the risk, in the sense they lose their job. the stock they own in the company goes down to a very low level. their options become worthless. they lose their wealth, income and position -- >> john mack didn't lose his wealth, the head of morgan stanley when they imploded. stan o'neal didn't lose his wealth, the head of bank of america when they imploded and were bailed out. you know, the people that ran citigroup into the ground didn't lose their wealth. i mean, there has never been any moral hazard with this government backstop.
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and, it worries people like me because we think, you know, except for jpmorgan, we're going to get into jpmorgan, which is a different case, you know, they all would have been flushed down the john if it weren't for the government. now we're worried they will do it again because they were saved. >> you are exactly correct. basically why i call it the injustice department rather than the justice department because i have no comprehension as to why the justice department has not gone after each one of the gentlemen that you mentioned as well as -- yeah. >> they should have gone after john mack and vikram pandit? >> absolutely. >> chuck prince. >> chuck prince. >> who vikram inherited citigroup's problems and stan o'neal essentially gave the problems to -- >> killinger and jimmy cayne. >> from bear stearns. >> all those people who allegedly created all the problems that the justice department is now concerned about, why the justice department is not going after them makes no sense whatsoever.
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in fact judge rakoff, the federal district district judge -- >> wrote a great piece in the new york review. he says reason why they're not, busy with insider trading, subject of another book, because number two the government created the problem. the government endorsed certain lending. the government bailed them out in the past. they were just following orders. >> well, i mean, i don't accept that argument. i accept his view that the government should not be going after employees and shareholders of these banks without going after these people. i do believe the government did make some huge mistakes which helped create the financial crisis but i think these guys were culpable. >> right. >> these are the guys that should sufficienter. one of the banks you defend vigorously, i agree with a lot of this defense, jpmorgan and its ceo jamie dimon. as you know today they're finishing a settlement, yet another settlement, another two plus billion dollars to pay off various allegations of wrongdoing involving bernie madoff, that they aided and abetted his fraud.
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i don't believe that's the case. they're just paying, seems like every day they're paying another fine. they want to get this behind them before the first quarter's over. my question to you is this though. there's a reason why they're paying and i think you kind of hit on this in the past. it seemed like the government wanted to break them up. that this is, this is, they're paying this to prevent the government from taking the ultimate pound of flesh, which is to break them up while they keep everybody else whole. is that accurate? >> i think so. i think the government made the decision that this is, if you don't believe, if you believe in too big to fail, this is the biggest bank in the united states. and if you're the government, you have to break it up. and they're trying like, as hard as they can to break it up. but instead, the bank is deflecting it to some degree by paying $20 billion. >> will they deflect it totally? >> i think so, yes. >> you don't think they will be broken up ultimately? >> they won't break it up. what they will do is force the bank out of a series of businesses. for example, they don't do
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proprietary trading anymore. don't do vertical integration in the commodities markets. got out of student lending. sold the finance business in china. small business by small business, jpmorgan is giving ground but they may be down on the five-yard line right now but they will not get them into the end zone. >> is the board of jpmorgan worried about this, particularly potential breakup? >> i think it will be one of the top thoughts on their mind because they did break up citigroup. they forced the sale of some0 decisions of bank of america -- divisions. the government has been successful breaking up those two banks or slimming them down and they want to do the same thing with this company, there is no question about it? >> un-american? >> i think totally against what a capitalist civil is supposed to do. if you think about it, people keep saying that this company is too big to manage and they forget you take a look at fortune 500, this company was the 52-week highest profit generator of any company in
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any -- >> they make a lot of money. >> that is because they're well-managed. >> dick, thanks for coming. good book by the way. i'm more everybody to read it if you want to learn something about the financial system. thanks for having me? thank you very much, charlie. lori: thank you, gentlemen. all right, this news alert. two executives being held hostage good year's tire french unit they were released after police intervention this morning. they were held overnight because of a fight over bonuses and severance packages for union employees. violence escalated after the bosses were freed as workers set fire to about $136,000 worth of high-end tire. it is goodyear, right? goodyear plans to shut down the plant that puts a thousand jobs at risk. the violent clashes, similar to ones in march. we're a month away from the winter olympics kick off in russia but a unprecedented
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of weight loss product, sense is a. it is maker of powdered sprinkle you put on food. they will pay 25 million in consumers refund for unfounded weight loss claims. former goldman sachs trader fabrice you're lost his new trial bid. he alleged that the jury relied on insufficient evidence when he was found liable for securities fraud last august. 5:00 p.m. tonight on "money," ford unveils the solar powered hybrid, solar powered. we have a early look with ford's chief technical officer. are solar powered cars ready to change the face of driving? you know i will ask the tough questions. that is the latest from the fox business, giving you the power to prosper.
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ice. both the russian and chinese ships have now freed themselves from the ice after cracks began to appear once the wind direction changed. russian ship had been trapped since christmas day the chinese ship then got stuck trying to rescue the russian ship. a u.s. coast guard icebreaker is currently headed toward the two ships in case they need further assistance. back to the markets. down near the highs of the day. jonathan corpina, meridian equity partners on the floor of the new york stock exchange. jonathan, finally we kick into rally mode. we had good economic data in terms of the trade gap narrowing. goldman sachs out with a troubling report. the jobs report december due friday may not be as robust as prior report. what do you make of it all? >> the market is shaking off the new year's hangover and finally getting back focusing on the new year and getting into a trading mode. economic data was good. we continue to see good economic data this week. goldman sachs, talk about
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friday's jobs numbers. there is always a discrepancy when jobs numbers come out. you can always poke holes and are the numbers true and real as they say they are? what happens investors have to learn to dig down deeper into these numbers to see exactly where and if the growth is there. lori: you have to do our homework is what you're saying. jonathan, thank you, sir. >> thank you. lori: we're exactly one month away from the start of the winter olympics in sochi. the head of the games, russia, is heading a large security effort, the largest in history. the security forces swelling to nearly 40,000 on renewed terrorism concerns in the wake of recent suicide bombings. but as the clock ticks down the u.s. will be without one of its biggest stars and that is lindsey vonn. recently announcing she will not compete in the olympics because of a recent knee injury. vonn is the most successful female alpine skier in u.s. history. maybe good ol' tv will not be wiped out by the internet.
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nbc, abc, pbs, fox, blockbuster ratings for all. the a great lengths satellite subscriber going to get subscribers. you can get an ipad, and you can get an ipad and you and and you, and you. we'll be right back. ♪ of the dusty basement at 06 35th street the old dining table at 25th and hoffman. ...and the little room above the strip mall f roble avenue. ♪ this magic momt it is the story of where every great idea begins. and of those o believed they had the power to do more. dell is honored to be part of some of the world'great stories. that began much the same w ours did. in a little dorm room -- 2713. ♪ this magic moment ♪ is your tv powered by coal? natural gas? nuclear?
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some online or old line broadcasters just snagged some of their best ratings in 20 years or more but the internet threat may be bigger than ever. dennis kneale joins to us explain. >> good news, bad news. first, just the good news. boffo tv ratings foo highbrow brits and football hits. of the maybe television is the next thing to be wiped out by the internet after all? sunday night premier of season 4 of highbrow british period drama, "downton abbey", the biggest debut in the network's history. up 22% from the premier a year ago. almost three million twitter users were watching, putting out almost 100,000 tweets on the upstairs downstairs do pell ganger for 15 million impressions. fox, cb such, nbc, garnering the highest ratings in 20 years for the nfl wildcard playoffs. fox's 49ers-packers nail-biter was most watched show, drawing
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47 million viewers, biggest wildcard audience ever. the four wildcard playoffs were the four top-rated shows for the week on all of television. lori: since television is thriving so much, why is dish having to bait subscribers with a lure of offering them free ipads? >> free ipads. that dish move sounds a little bit desperate. it was a deal with apple. all new customers get a free ipad. don't forget the ipad may prompt them to ditch regular tv for online streaming whenever they want. dish has 14 million subs. they have the hopper, the ad-skipping dvr that spark ad lawsuit from big broadcasters. you may have seen the commercial. dish introducing wi-fi devices and apps to let them watch recorded or on demand shows on sony ps3s or 4s on any tv in the house or smartphones or tablets. this is really bold for dish to do this. upside internet could be the very force that could destroy
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incumbent tv services like dish itself. you have to kind of admire it. lori: absolutely. english accent. >> i have a terrible british accent. lori: bcs game was so exciting. >> last night's game i bet that did huge ratings. lori: you have this wide range of content, sports all way to upper crust. >> highbrow,. lori: "downton abbey." what does that say, people are not giving up tvs not at all. >> it is eclectic range. i'm not sure we're truly ready to go a la carte pick each show. no channels streaming at you. i think we want to go there and let them stream it all over and pick what we want, versus having to go out to make the decision originally. lori: dennis kneale, thank you, sir. >> thanks, lori. lori: what do you do to stay warm and fight the frigid weather? tweet us. next hour your answers and how you can make money on the cold-snap. from cold weather hot, ceos, tales of a new study, attractive bosses like this woman, yahoo!'s marissa mayer
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ashley: good afternoon, everybody, i'm ashley webster. tracy: i'm tracy byrnes. just when you replaced the big ol' tvs in your house, the big hd sets? the electronics industry is looking to sell you ultrahigh-def tvs with better picture quality. i don't know how you can tell the difference. liz claman will grill sony's ceo in moments on whether consumers are ready to open up their wallets yet again. ashley: jpmorgan paying billions to settle madoff related charges. why is no one held responsible except the shareholders? tracy: what are you doing to stay warm despite the cold weather? tweet us. we want good answers.
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don't just say a coat. coming up we'll put your answers of course at the bottom of your screen of course. ashley: and of course answer that is we can actually put on the bottom of the screen. from cold weather hot ceos, we'll tell you about a new study that find attractive bosses like yahoo!'s marisa mayer, means higher stock prices. that and so much more ahead on this very hot hour of "markets now." tracy: ah-ha. nobody said brandy yet. if my mother could tweet, would say blackberry brandy. i'm guaranteeing you. time for stocks at top of the hour. let's go to nicole petallides on the floor of the new york stock exchange. might be cold outside but the dow's on fire, girl. >> that's right, baby, it is cold outside but you're seeing a hot market. the dow is up 100 points throughout the day and maintaining that. come off the highs but still up 100 points right now. up over half of 1%. tech-heavy nasdaq has been the worst of the three indices we follow this year in 2014 is
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bouncing back and best of the bunch. it is up 3/4 of 1% and s&p at 1835 a gain of nearly five points. gains of dow jones industrials, 30 of 30 names with up arrows including cisco, pfizer, ge, goldman sachs so a lot of winners to speak of today. we're talking about johnson & johnson as they raise it to outperform from secular perform. they are likely to deliver above industry average revenue breath. they have been working on lukemia drugs, rare blood cancer drugs, partnering with others, so positive comments from rbc on johnson & johnson. the stock is up over 2%. 94.36. gains across the board and vix to the downside. back to you. ashley: nicole, thank you very much. 830% of leaders in fortune 500
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companies in same place, las vegas consumer electronics show. where they are trying to grab your tanks and dollars. liz claman with one of those giants working hard to grow a few inches taller in a viciously competitive world, liz? >> it is vicious, i don't want to say it too loudly because the ceo is there. all the major companies here that have a lot of catching up to do, sony has got to be that one. they have had struggles over the past decade. now with a new ceo let's find out if they can improve their flat panel tv business and all of their top business that is have long -- [inaudible] right now, go meet the ceo. >> how are you, good to see you. >> thank you for having us. >> it's a pleasure. >> moved me to give you a big background shot of all that you have. >> indeed. >> what are the incredible displays? >> thank you. >> what is the number one message that you want now that to know about sony? >> i think the most interesting
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thing and most important thing for us is that we really want to make sure that we still have a sense of wow in all the products we bring out. whether talking about the ultrahigh-definition. whether talking about smartphones or wearable products. it is all about bringing wow back to sony products. >> it has been a slightly difficult road. let me be very honest, before you were ceo, we would come to ces and sony was in a bit of a mess. guys wouldn't show up for demos and would not be batteries in them. >> thank you. >> but this h a different feel for the company now. it would be a little, it would be a little disingenuous though to say southern any's back now. what job do you have to now really go forward at this point? >> it is really about rallying all resources we have at sony, even in electronics. we have, you know, digital imaging technology. we have television technology. we have audio technology. we have a lot, and we need to
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bring it all together especially in mobile products like our smartphones where they all come together. >> it would be too obvious to start with tvs. >> that is a great example where, you know, we wanted to redefine the smart phone through the camera. so what we did, we basically had all of our digital imaging engineers work together with the smartphone engineers to incorporate a 20.7 megapixel camera into the form factor which is something could not have been done unless there was not a lost cooperation. that is the sony ethos i want to bring to the forefront as we develop new products. of course we need to combine that with our entertainment properties and our network properties as well. >> tell me about the phone you rolled out. waterproof, t-mobile. what do you expect it will do for sales? >> i think that, you know, with this, it is really experience you want. really getting back in a strong way into the u.s. market and i think that it is really getting the consumers to really consider
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an option to look at the sony smartphones. which by the way again, packs the best of what we have in terms of technology. >> can we see the screen? >> you're getting best of -- >> as we're looking at this, matter of how you get ahead of the samsung galaxy, apple iphone. you have the a chinese company that is really giving people a run for the money. >> we need to be realistic as well here and, you know, we've said publicly, that in, markets around the world, we want to be the number 3 player. we're trying to be reasonable here. a number three player in value and that's the aspiration we have as least for this generation of smartphones. obviously want to move ahead beyond that as well. >> we have a camera roving the floor. we can't to talk about the 4ktv and the wedge television. you guys have been losing market share in flat panels and while
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lg and samsung are making gains. >> we need to best of sony incorporate the into the television sets. we're obviously known for having very high quality image and we're known for audio quality as well. that is why, for our high-end televisions we made the wedge shape not just because it's a great design but with the speakers we're able to reproduce low frequencies with better fidelity. so better sound quality for the televisions. >> quickly on content, there isn't content out there for 4k, at least not at the moment. paramount has a deal with samsung. what kind of deals are you getting to get that quality content? >> that is a great question. since we have sony pictures entertainment, the people that went out and bought sony 4k televisions have been able to buy a box that has native 4k native product that something no other company dan do. >> there is a little fountain
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behind news a lot of people over there. >> it is funny because the fountain is showing how a lot of things are getting drenched in these phones and waterproofing, i know one person, my husband, who jumps into the ocean with his smartphone. that was end of that because the right thing doesn't work. good to have you. >> thank you very much. >> see you next time. kaz hariai, ceo of sony. that didn't work. what do we do? ashley: liz claman, thank you very much. we know that her husband jumped into the ocean with a smartphone in his pocket. not good. coming up on "countdown to the closing bell," curtis jackson, you might know him better as 50-cent, meets up with liz claman to talk music. of course the head phone business is so big. more live coverage of the consumer electronics show at 3:00 p.m. eastern right here on fox business. tracy: that's pretty cool. so today, could be the coldest day in two decades. it's nuts. with the deep freeze still
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gripping the majority of the country, many schools and businesses remain closed, as get this, temperatures in many midwest and northeast cities are colder than in the south pole. tell you, this is crazy talk. no rest for the cold. frigid temperatures are expected to continue into tomorrow in many, many areas. with thousands of people stranded at airports yesterday, how is weather impacting travel today? our adam shapiro is at laguardia airport with the latest. hey, adam. >> things are getting back to normal at least at laguardia, if you can call this normal. some of the statistics from flight aware showing 232flights have been canceled nationwide and that number continues to grow with delays totaling 2440. now yesterday was a far worse situation. there were 4100 flights which had been canceled with 8,000 delays nationwide. even with better numbers today, it is still a headache for a lost airlines. some of the airlines with most flights delayed or canceled as
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of noon today, american eagle, 337 flights. southwest 312. jetblue, 216, american 128, and united 117. here at la ward yaw and other -- laguardia and other airports, they had cots laid out last night on the second floor, for passengers who were stranded. they cleaned that up as they expected everybody to get back to normal, again if you call these normal. jetblue, for your information, they're promising operations will be functioning at 100% by 3:00 p.m. today. back to you. ashley: promise, promises. tracy: adam shapiro at laguardia. ashley: thank you, adam. no wonder colder here than the north pole, because all the air in the polar vortex has come down here. so the question is what are you doing to stay warm to fight all the bitter weather and how you can make money on the cold-snap, that is all coming up. tracy: nfl plays defense as the congress moves to end the
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league's non-profit status and tax its $9 billion in revenue. this is a great story. liz macdonald is on it. ashley: non-profit, are you kidding me? in tech minute, no sneezing matter, germ-proof glass for your smart phone. you heard it right here. your mobile device fighting the flu for you. tracy: it is high time we had that. as we do every day this time of day, oil trading is up slightly. we're 93-point$4 a barrel. we'll be right back. ♪ [ cellphones beeping ] ♪ [ cellphone rings ] hello? [ male announcer ] over 12,000 financial advisors.
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ashley: time to make a little money. how about a lot of money? charles payne is takiig a look at a winner in the personal i.t. business. charles? >> i like cognizant a lot and i'm so frustrated because i had it early last year and the stock waffled a little bit. because the, it is based in tee neck, new jersey but had a small office there. most of the business is done in india. with immigration visas, they couldn't get right amount of workers. it was a huge mistake to get out of this thing. this stock is an amazing juggernaut. they help businesses function
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better. they do a whole array of things, analytic, consulting. what i like bit, all three main businesses are doing well but the parts of business growing fastest have the biggest margins. health care last quarter up 24% on top line. operating margin of 38%. logistics for retailers, march begin of 36%. that was up 24%. financial services business, which is their core business continues to do extremely well. this company i think is firing on all cylinders. will not sure what happens with the problems to h1b. they relocated to texas. a huge deal. they promised to hire 10,000 more american workers. they have 162,000 workers around the world. they gave money to texas a&m. they moved into austin. ashley: that sealed the deal. >> most of the time they're giving them money the states. this is up 50% in the next 18 months. ashley: they come in and help companies deal with their health care? >> right.
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and they do customer relationship management. i honestly think, i'm still working on this, but i think this would be a perfect candidate for ibm. ibm has lost a step a little bit and i think mostly on the cloud side. i think it would be great. if i was ibm i would be spying the guys to make them an offer. whether that happens during the course of this year, this could be a 150-dollars stock. ashley: have you heard any, you would think ibm would have somebody in place. >> look at some. most famous mistakes ever made. kodak invented the digital camera. i mean that says it all. they, put that in the basement, bob. we'll put that in the basement and fire bob. messes up the film. ashley: nice going, bob. >> you just never know. motorola, missed the switch from analog to digital phones. you never know when these big behemoth. they're gigantic and slow and that is what is hurting ibm's stock this space is growing by leaps and bounds. businesses want to be more productive. you hire a company like this
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instead of hiring people. let's be honest about it. ashley: we'll keep an eye on it. >> see ya. tracy: they need to be more cognizant. ashley: that is exactly right. tracy: quarter past. time to check on markets. nicole petallides on floor of the exchange watching netflix. uh-oh, not good. >> uh-oh is a good way to say it because in 2013 the stock was up about 300%. it was a winner and leader on the s&p 500. now it's a big loser this year in 2014, down 7.7%, just this year alone. today a dramatic drop for netflix right now, down 5.6%, the biggest, deepest drop we've seen since last october. this is because it was downgraded over at morgan stanley. morgan stanley expressed concern about the competition. the competition includes amazon prime instant. also hulu go, i'm sorry, hulu plus and hbo go. not that netflix isn't a great company but they're concerned about some of the competitive alternatives. back to you. tracy: you knew others would creep up on them. nicole petallides, see you in a
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bit. socking it to stockholders. jpmorgan paying billions to settle madoff-related charges again. so why is no one being held responsible except for shareholders at this point? ashley: sacrableu! french tire workers worried about their jobs, finally released their bosses after taking them hostage. maybe not the best tactic. more on that story when we come back. welcome back. how is everything? there's nothing like being your own boss! and my customers are really liking your flat rate shipping. fedex one rate. really makes my life easier. maybe a promotion is in order. good news. i got a new title and a raise? management couldn't make that happen.
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>> at 21 minutes past the hour i'm lauren green with your fox news minute. president obama making remarks on emergency unemployment insurance earlier today. this as the senate narrowly votes to advance a bill that would extend unemployment benefits for roughly 1.3 million americans. those benefits expired at end of last year. it moves to a final vote in the senate. even if it does pass there, it is unlikely it will make it through the house. the united nations human rights office will no longer update the death toll from syria's civil war. u.n. officials say lack of access on the ground in syria along with its inability to verify force material led to the decision. according to its latest report the united nations says at least 100,000 people have died in the violence. majority of americans believe that pot should be legal. that is according to a new
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cnn-orc international poll. 55% of those surveyed believe that marijuana usage should be legal. and those are your headlines. back to ashley and tracy. tracy: and it will be soon enough. it is on a tear. lauren green. thank you very much. >> sure. tracy: jpmorgan agreeing to pay over $2 billion to settle charges by federal prosecutors and regulators that the bank failed to issue warnings about bernie madoff's massive ponzi scheme. this resolves yet another government probe for jpmorgan. it adds to the list that we are showing for all you on siriusxm 113. it's a long list of settlements that jpmorgan has been paying. so should investors be worried? joining us now, paul miller, analyst at fbr capital markets. sir, i mean we're talking about $1.7 billion. the list we're showing inlewded $4.5 billion settlement on mortgage-backed securities issue on november 2013. of course you have the
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"london whale" trading debacle, one billion dollars in september. the hits keep coming in the fall. you're saying this, the financials can handle all of this. >> jpmorgan can. not all financials can handle it. bank of america strug gets with it. jpmorgan makes $25 billion pretax revenue per year. they can handle it. the question, if they can handle it what type of valuation do you put on the stock. these are rear view mirror stuff investors chosen to ignore. they are looking forward. a lot of this stuff they will competent get through and you can start valuing the company on earnings potential. not little charges, big charges have not really concerned investors because they do generate a lot of revenue. >> i was referring to the financial states. because these are, to your point they are not small amounts. seems the way government is going, they will not stop anytime soon. unless they do open the own law firm, which many people joked about, this could eventually hit
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the bottom line? >> it does hit the bottom line now. but remember when people look at valuations they want to know what the stocks make a year, two or three years out. you're probably going to get a decent dividend rise after the car test come out in march. they're focusing on they're bullish about the u.s. economy. rates will grow higher and loan growth will grow. these things will be afterthought. that is how investors look at it. that is why you see the stock do very, very well. we have market perform on the stock. we don't think expectations of where things will go will be met. we don't see a lost economic growth. we think there still will be pressure on rates to be flat to down, not up. we're a little more cautious than jpmorgan. these type of fines can be dealt with. tracy: i guess a lot of people struggle with the fact there is no perp walk with this. the shareholders will shoulder all these fines eventually through the stock price, whether or not the financial statements are affected or not. it will thick trickle down somehow to the shareholders.
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deferred prosecution agreement they signed, do you worry about that? that must mean they are coming down the pike too? >> it is hard for us as analysts to figure out what will go inside that will be criminal prosecutions. we kind of ignore that. they have a very, very deep management team. they have lost some very good people over the last year or two so they keep on ticking. i'm not concerned about the depth of the management team moving forward. tracy: good. let me ask you this though. you are concerned about loan growth. >> right. tracy: the economy is not growing enough for these guys to make enough loans for you to see big numbers going forward? >> i just don't see real growth that gets people excited about the institutions especially jpmorgan. at love these companies are overcapitalized. they're loaded with liquidity. they don't know what to do with it which is dragging on profitability, and net interest margin. until you see meaningful loan growth to sop up a lot of liquidity in the institutions i don't see a lost earnings growth. some analysts have earnings
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growth due to cost cuts. i don't think this is something to get excited about. they all have to cut costs but i don't see the driving valuations higher. >> we're hearing about cost cutting a long time. regulatory issues coming down the pike too. paul miller, thank you for sharing your thoughts with us, sir. >> you're welcome. ashley: the rubber meets the road in northern france. two executives held hostage at a goodyear tire plant were releases after police intervened this morning but didn't exactly end there. violence escalated after the bosses were freed with workers setting fire to about $136,000 worth of high-end tires of the as you can see there. the executives have been held hostage overnight by union employees, demanding bonuses and severance packages. now this comes after goodyear announced plans to shut down the plant, jeopardizing more than 1,000 jobs. they are not happy about it as you can see. but the bosses are out safely. tracy: thank goodness. we try different tactic next
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time. ashley: maybe. tracy: just saying. coming up in the next half hour of "markets now," congress calling a foul on the nfl. lawmakers push to end the league's non-profit status and tax $9 billion in revenue. ashley: your last chance to get in on the twitter question. what are you doing to stay warm and fight about iterly cold weather? you can make money on the cold-snap, coming up next. tracy: from cold weather hot ceos. we have study that finds cute bosses. she is not cute. she is beaut bosses like yahoo!s marisa mayer may actually mean higher stock prices. my kids are cute. she is pretty. ♪
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tracy: look at your dow finnerty. lots of green on the screen. united health group is a big winner hitting a 52 week high after deutsche bank raised it to a buy from hold, raised price target from 74, popping out. nicole petallides on the floor of the stock exchange. says analyst reports can do wonderful for your stock price. nicole: or the other way around, give you a sense of caution moving to the downside. michael course cutting to the buy and neutral as citigroup and they do see the cost exceeds guidance, they are worried about the valuation. valuation has run up and faces competition. and yom brands, taco bell, pizza hut, those are the names under the umbrella but are they are race to the top pick? that one is doing well.
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mgm new high, morgan stanley upgraded and st. jude has been a leader on the s&p 500 gettinn positive comments, it was raised to a sector raising the price target to $70 from $70. the yum brand story is rebounding in china. >> cold, windy weather wreaking havoc on travelers, looking at the misery map, is there ever a better name than this? 7,000 flights have been canceled, 19,000 delayed since yesterday, atlanta and chicago area airports getting hit the hardest. what you doing to stay warm and fuzzy this cold weather? you can tweet us, an airline analyst, managing director of interior capital manages -- joins me with what this means for the air line. on the one hand it is cold for the winter, the airline sure the
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plan for this. >> every year is different and every year the impact on the customer is different. it is in the base numbers every year and it is an unusual year when you don't have something like this. ashley: does that hurt the bottom line when you stretch out the quarter. or does this have an impact? >> i don't think so. at the end of the travel period into the holiday period, this is not as bad. a few years ago it came in at the beginning of the period so people didn't see grandma for the holiday, never go anywhere. at least here they made the trip, and they come back later. ashley: i wanted to ask about the new roles for the airlines that kicked in, i believe it starts saturday and one of those requires pilots to get uninterrupted rest.
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and limits the consecutive hours they can fly, it seems safe to me but what impact does that have on the airline? do they have to hire more pilots and will it hurt the bottom line? >> it does acquire people to have more pilots but the numbers will not get worse meaningfully. unfortunately the industry changed to the point where people are starting to see these become a real investment as opposed to just airline trading stories. it makes a difference, but it is not as difficult as you might think financially. the real issue is this is the first week we have had these rules and there are some general statements in the rules at this point about what you do with weather delays, how you respond to unusual situations like that. the individual inspectors who deal with each airline haven't laid out the rules, happened unable to give everybody enough detail on all the different
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exceptions you might see so people are nervous and uneven cancel flights ahead of time because they are not sure what will happen from regulatory point of view. ashley: from an overall, looking at the industry as a whole it seems to me it is a lot healthier than it was. it has traditionally been a very volatile sector of the market but it seems to me we have a pretty good model going because we have the merger going on between american and u.s. airways but would you agree the airline industry as a whole is healthier than it was five or ten years ago? >> the real issue is for the most part we have gotten away from the market share trying to be the biggest airline to now having a contest between the ceos, that is what the investors were hoping for years ago. and finally seeing. ashley: when delta bought its
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refiner, what do you do to get to the refinery business, last time around, multimillion-dollar profit from the refinery. are others falling delta? >> it is a unique situation. a refinery like that that was going to be shut down in the right place, it takes a special situation. the other thing to think about, a lot of headlines, in the overall scheme of things it is not material for an investment point of view. ashley: interesting stuff. thanks for joining us. >> it is good to be. ashley: to buy your own refinery. tracy: believe it or not obamacare is hitting your vending machine. the vending machine says it will cost its companies billions of
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advertising crackdown, the makers of powdered and sprinkle on food aid the largest amount, $26.5 million in consumer refunds for unfounded weight-loss claims. rental market selling department rates higher, the it middle it research firm reed says landlord raids went to the fourth quarter average of 0.8%, department vacancy rates fell to 4.1% down from 2009 peak of 8%. goldman sachs trader phone breeze for launch the new trial did. the judge rejected the argument saying the jury relied on insufficient evidence when he was found liable for securities fraud last august. that is the latest from the fox business network giving you the power to prosper.
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no guilt free trips to them under obamacare, vending machine owners will post calorie counts. joining us, president and ceo of the risk-management association who says it is going to cost the industry big time. let's talk about the calorie point. isn't every item unfortunately already has caloric intake on it? >> every product has color information on it nutritional and otherwise. in some cases the product manufacturers are posting it on the front of the packages. in our industry, we are ahead of the curve because for almost ten years we have been identifying products in the machines with stickers and other things that identify better for you products that certain nutritional standards already established by the usda. in our estimation it is redundant, it is unnecessary to the degree and it will be very costly to implement. ashley: lmost the double whammy. not only do you absorb the cost
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of complying with a new law about the calorie counts but what effect does it have on sales? >> the challenge of course we don't know what the cost is because the rates are not final. our estimates in the week, $42,000 just to start. that is a guess. multiplied that by 10,000 companies, hundreds of millions of dollars. that is an efficiency cost to a small business, a burden. what it does to their sales, who can say? the consumer will continue to buy what they want to buy. our job is to provide choice, information what we are already doing and i guess it is cost of business. tracy: you go by the recent cuts and you know they are not great for you but you get them anyway and you read the caloric intake and it is in your hands already, and bought it, got to eat it now but it was sitting up there on
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the glass pane that it said it was 4 million calories, i would think twice about getting it. >> possibly but if you have information telling you the better for your choices you have the chance to make a choice. ashley: the theory being part of the reason this is fighting obesity and getting people to make healthier choices do you change the contents of the vending machines? is that one of the options? >> one of the wonderful challenging things about the industry is we serve every type of consumer in every type of venue, schools, hospitals, those types of things are very important and we customize based on demographic but with their office buildings, airports and everyplace somebody wants to purchase them can be done quickly. so the ability to customize calorie disclosure on a broad spectrum of products and machines, if you have a state of the art machine where things are digital it is a little bit easier. ashley: program it in.
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>> if you have an older machine and you have to manually update these things not once, time over time, year over year. ashley: right down the calories on a piece of cardboard and stick it on the front. >> possibly. what do you want to happen here? what is the gold? >> they are not minted. we are seeking flexibility, reasonable accommodation from the fda, and the necessity of disclosure on a vending machine, when a product is carrying that information. flexibility in the application and reasonable accommodation for the small businesses is a matter of jobs. ashley: people who operate 20 vending machines or more -- >> 20 or more. which is most companies. actually a small company in new mexico, eight employees, 400 machines, they have to go out
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and content -- tracy: this will continue to be debated i am sure. thank you so much. you know how many calories? you have no idea what is in the doughnut you are buying at dunkin donuts which is why the calories are up. ashley: yes they are. i don't like that. tracy: the freezing weather having a big impact on commodities and shares of companies that produce them and sandra smith is here. sandra: quite a few to watch. it is exciting to watch these commodity prices, very volatile in this environment. we have been watching natural-gas. this is always a volatil commodity but even more so with these frigid temperatures. look what is happening, this goes against the grain of what you think, natural gas prices heading down but you are looking at a commodity over the last year that means 30% so we are paying more to heat our homes
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and are cranking up the heat and that is bringing more demand for natural gas prices. gasoline is playing catch up. those prices flat over the past year, they are starting to see the price spike up 1% in today's trading session but if i flip over to these commodities a lot of people think this is a summer green, the winter wheat crop in the united states, that is being threatened due to these frigid temperatures. wheat prices are moving to the upside significantly, down a little bit today as we are getting some calls for milder temperatures that will finally come through after these frigid temperatures come to an end. we are also looking at cattle prices hitting the highest level since 1964. unbelievable what happens, to transport their cat or in these frigid temperatures so cattle prices extremely volatile right now coming down a little bit after they had a record high.
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watched cattle prices affecting a lot of stocks in the commodity markets as well. o.j. prices affected by that, florida second largest orange juice crop. and we count on florida to produce those. pepsico major owner of tropicana. if we get a frost that kills awful lot of oranges or ruins the crop, we get a spike in orange juice prices. we are already paying a lot more for orange juice. 15% in 2013 so watch for sticker shock at the grocery store. burgers and orange juice going up. tracy: thank you very much. ashley: on that happy note time for your tech minute. silicon valley got more expensive, google and apple, picking up tech company employees from city bus stops,
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$1 passengers. and 4500 round trip, and they take thousands of cars off of bay area roadways easing congestion, and estimated this taxing program becomes permanent, 1.9 civilian dollars in new revenue. a 52 week high, an update from jpmorgan and android smart phone shipments exceed% of global market share, and android operating systems account for 73% of the market, up from 69% last year. choice availability and price point since emerging markets all helping google's and would dominate. forget sung like a gorilla. gorilla glass and consumer electronics show heard about this before but this is the first epa registered
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anti-immigrant glass in fusing silver ion strengthened glass that they claim could reach 99% of bacteria that tend to be found on mobile phones greens. we should note these screens take about an hour to repel the bacteria. this is good news as the centers for disease control report 25 states now are seeing widespread flu activity. the number of states reporting widespread flu cases more than doubled since last week. it is coming. tracy: maybe we can get bless bubbles. congress believe or not, now they are screwing around football, they want to stack the nfl non-profit status and tax $9 billion in revenue. liz macdonald is going to investigate. ashley: attractive ceos like marissa meyer, maybe better investments. we will be right back. ♪
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ashley: nfl playing defense, a move to end the league's nonprofit status and tax billions of dollars in yearly revenue. we will get to the bottom of this with liz macdonald's bottom line. nicole: the nfl gets of free pass when it comes to bringing in a lot of money at the legal level. in other words the league itself doesn't pay federal or state income taxes, teens pay income taxes, the lead offices you got to pay income taxes, major-league baseball pays income taxes, you have to pay because the nhl gets this as a
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nonprofit. tracy: how did they get nonprofits that is to begin with? nicole: the nfl got that's that is in 1942 so it has been enjoying it at the legal level, and the entire system for the nfl close to $9 billion. ashley: what teams are bringing in. liz: the nfl for its part says we do send money back to the teams and the revenue does get taxed. tracy: faber able to pull the wool over the irs's eyes. liz: we will help commerce we're basically a lot chamber of commerce in terms of economic activity and helping but tom corbett is saying these guys, some of these guys at the nfl level get paid more than executives at wal-mart or coca-cola and submit taxpayers -- multimillionaire's. whether he wins remains to be
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seen. i don't think he has any co-sponsors but he could attach it to a bill the flies through. the nfl is out in force lobbying against this bill put who knows if it will pass? tracy: more tax dollars left and right, never know what will happen. ashley: great stuff. tracy: looking for hot stuff? look for a hot seat e o. the chief executive list may matter more than experience when it comes to choosing company's investment. that is how i got through school. melissa meyers out of 10 unofficial effective index. it is not just female ceos. paul jacob scores 8.9 out of 10.
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according to research -- okay. hot ceo's appearance has a positive impact on stock returns worth 43 basis points in increased stock value. ashley: sliding on that? tracy: we didn't study that when i was an economics major. on "countdown to the closing bell" liz claman live in las vegas, sit down with mary chen, president of gm global connected consumer and get a look at the new gm driving experience when you never have to leave the comfort and convenience of the web. log on to foxbusiness.com, fox business exclusive and later rapper and ceo $0.50 will show up his later high-tech audio equipment. that is pretty cool. dow is up 1 a points, don't go anywhere. [ male announcer ] what if a small company became big business overnight? ♪
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>> this is a special edition of "countdown to the closing bell," live from the consumer electronics show in las vegas. here is liz claman. liz: live from the floor of the north hall of the consumer electronics show 2014, there's a north hall, there's a south hall, there's a central hall, there are hotels that have entire displays all set up to bring in some 150,000 tech lovers, tech consumers and people who matter when it comes to the world of technology. it's a $206 billion industry. this is the biggest show ever when it comes to technology, and this show has finally gotten its mojo back. five years of recession, ces wasn't doing that well. i've been here for all five of those years, the crowds were nowhere as big as this. right now we're in the car area because the so-cal
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